The First Bank Of Greenwich Mortgage Rates, Fees & Info
Cos Cob, CTLEI: 254900ZJM7YMM3MA5J75
Tax ID: 05-0586924
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The First Bank Of Greenwich is a smaller bank specializing in Home Purchase and Cash Out Refi loans. The First Bank Of Greenwich has a high proportion of conventional loans. Their top two markets are New York and Miami .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.
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Originations
26Origination Dollar Volume (All Markets)
$31,260,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 17 | $18,335,000 | $1,078,529 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 8 | $12,400,000 | $1,550,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 26 | $31,260,000 | $1,202,308 | $0 | 0.00% |
For 2024, The First Bank Of Greenwich's most frequently originated type of loan was Conventional, with 26 originations.
Loan Reason
For 2024, The First Bank Of Greenwich's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 26 | $31,260,000 | $1,202,308 | $0 | 0.00% |
For 2024, The First Bank Of Greenwich's most frequently cited loan duration was Other, with 26 originations.
Loan Sizing
2024 saw The First Bank Of Greenwich place emphasis on $1MM+ loans with 11 originations, totaling $23,565,000 in origination value.
Applicant Income
The First Bank Of Greenwich lent most frequently to those with incomes in the $250k+ range, with 11 originations. The second most popular income band? $150k-250k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 26 | $31,260,000 | $1,202,308 | $0 | 0.00% |
The First Bank Of Greenwich lent most frequently to those with DTI ratios of Exempt%, with 26 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.55%
The First Bank Of Greenwich has an average approval rate.
Pick Rate
Approvals leading to origination88.46%
The First Bank Of Greenwich has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 26 | $31,260,000 | $1,202,308 |