The First Bank Of Greenwich Mortgage Rates, Fees & Info

Cos Cob, CT

LEI: 254900ZJM7YMM3MA5J75

Tax ID: 05-0586924

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    The First Bank Of Greenwich is a smaller bank specializing in Home Purchase and Refi loans. The First Bank Of Greenwich has a high proportion of conventional loans. Their top markets by origination volume include: New York, Bridgeport, New Haven, and Kingston among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The First Bank Of Greenwich has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    39

    Origination Dollar Volume (All Markets)

    $59,315,000

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 13 $32,095,000 $2,468,846 $0 0.00%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 24 $25,630,000 $1,067,917 $0 0.00%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $1,235,000 $1,235,000 $0 0.00%
    KINGSTON, NY (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    The First Bank Of Greenwich's top markets include New York, Bridgeport, New Haven, and Kingston among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 39 $59,315,000 $1,520,897 $0 0.00%

    For 2023, The First Bank Of Greenwich's most frequently originated type of loan was Conventional, with 39 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 19 $19,045,000 $1,002,368 $0 0.00%
    Refi 9 $19,935,000 $2,215,000 $0 0.00%
    Cash Out Refi 6 $7,930,000 $1,321,667 $0 0.00%
    Home Improvement 3 $11,845,000 $3,948,333 $0 0.00%
    Other 2 $560,000 $280,000 $0 0.00%

    For 2023, The First Bank Of Greenwich's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 39 $59,315,000 $1,520,897 $0 0.00%

    For 2023, The First Bank Of Greenwich's most frequently cited loan duration was Other, with 39 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 16 $48,490,000 $3,030,625 $0 0.00%
    $200k-400k 8 $2,370,000 $296,250 $0 0.00%
    $400k-600k 7 $3,395,000 $485,000 $0 0.00%
    $600k-1MM 6 $4,820,000 $803,333 $0 0.00%
    $100k-200k 2 $240,000 $120,000 $0 0.00%

    2023 saw The First Bank Of Greenwich place emphasis on $1MM+ loans with 16 originations, totaling $48,490,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 15 $23,695,000 $1,579,667 $0 0.00%
    $150k-250k 8 $3,040,000 $380,000 $0 0.00%
    $100k-150k 2 $420,000 $210,000 $0 0.00%
    $50k-75k 1 $245,000 $245,000 $0 0.00%

    The First Bank Of Greenwich lent most frequently to those with incomes in the $250k+ range, with 15 originations. The second most popular income band? $150k-250k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 39 $59,315,000 $1,520,897 $0 0.00%

    The First Bank Of Greenwich lent most frequently to those with DTI ratios of Exempt%, with 39 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 12 $31,490,000 $2,624,167 $0 0.00%
    White 26 $26,590,000 $1,022,692 $0 0.00%
    Not provided 1 $1,235,000 $1,235,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.23%

    The First Bank Of Greenwich has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    74.36%

    The First Bank Of Greenwich has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 39 $59,315,000 $1,520,897

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    39 $59,315,000 $1,520,897