Bny Mellon Mortgage Rates, Fees & Info

Pittsburgh, PA

LEI: 4EP6JBYBTPTQ47LZOB67

Tax ID: 25-0659306

4.1 stars - out of 5 stars, based on 39 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Bank Data

    Review & Overview

    Bny Mellon is a small mortgage company specializing in Refi, Other, and Home Purchase loans. Bny Mellon has a high proportion of conventional loans. Their top markets by origination volume include: New York, Los Angeles, Miami, San Francisco, and Boston among others. We have data for 183 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bny Mellon 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. Bny Mellon is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.90% 10/3/22
    30 Year Conventional Refi 5.97% 10/3/22
    15 Year Conventional Purchase 6.06% 10/3/22
    15 Year Conventional Refi 6.20% 10/3/22
    15 Year Cash-out Refi 6.20% 10/3/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    1,549

    Origination Dollar Volume (All Markets)

    $2,185,515,000

    Employee count

    1,617 Show all (30) awards

    Relative Rate

    Bny Mellon's average 30 year fixed mortgage rate was 2.59%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.56%.

    Relative Fees (Closing Costs)

    Bny Mellon's average total fees/closing costs for a 30 year fixed rate mortgage were $7,346.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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) 188 $309,970,000 $1,648,777 $9,182 2.58%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 100 $167,020,000 $1,670,200 $6,386 2.59%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 75 $133,145,000 $1,775,267 $13,977 2.60%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 75 $126,875,000 $1,691,667 $5,697 2.58%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 105 $111,555,000 $1,062,429 $5,457 2.54%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 44 $55,340,000 $1,257,727 $6,060 2.61%
    Outside of Metro Areas 43 $53,885,000 $1,253,140 $5,998 2.68%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 45 $53,785,000 $1,195,222 $6,176 2.61%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 20 $50,110,000 $2,505,500 $5,414 2.58%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 31 $48,525,000 $1,565,323 $6,077 2.59%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 32 $47,950,000 $1,498,438 $7,273 2.50%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 33 $41,635,000 $1,261,667 $5,831 2.68%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 24 $41,560,000 $1,731,667 $10,632 2.55%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 42 $39,990,000 $952,143 $5,256 2.63%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 15 $34,465,000 $2,297,667 $5,496 2.63%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 23 $33,705,000 $1,465,435 $10,850 2.50%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 30 $32,240,000 $1,074,667 $8,598 2.58%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 22 $32,200,000 $1,463,636 $6,501 2.55%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 19 $30,485,000 $1,604,474 $12,518 2.59%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 22 $27,910,000 $1,268,636 $9,187 2.58%
    RENO, NV (FHA|USDA|VA) 7 $25,665,000 $3,666,429 $9,709 2.68%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 21 $24,925,000 $1,186,905 $5,911 2.62%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 18 $24,820,000 $1,378,889 $8,184 2.63%
    Heber, UT (FHA|USDA|VA) 14 $24,090,000 $1,720,714 $11,555 2.45%
    BOULDER, CO (FHA|USDA|VA) 18 $23,400,000 $1,300,000 $5,133 2.55%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 14 $21,180,000 $1,512,857 $5,830 2.62%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 14 $18,060,000 $1,290,000 $5,665 2.57%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 17 $17,525,000 $1,030,882 $4,244 2.60%
    Glenwood Springs, CO (FHA|USDA|VA) 6 $16,810,000 $2,801,667 $22,751 2.58%
    Jackson, WY-ID (FHA|USDA|VA) 7 $16,675,000 $2,382,143 $7,373 2.55%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 10 $15,630,000 $1,563,000 $8,719 2.68%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 12 $13,950,000 $1,162,500 $6,917 2.61%
    OCEAN CITY, NJ (FHA|USDA|VA) 7 $13,585,000 $1,940,714 $17,479 2.63%
    SALINAS, CA (FHA|USDA|VA) 6 $13,570,000 $2,261,667 $5,760 2.58%
    JACKSONVILLE, FL (FHA|USDA|VA) 9 $12,035,000 $1,337,222 $8,781 2.54%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 7 $11,585,000 $1,655,000 $7,749 2.82%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 15 $11,545,000 $769,667 $4,308 2.53%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 8 $11,310,000 $1,413,750 $6,610 2.73%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 7 $10,935,000 $1,562,143 $6,057 2.57%
    Breckenridge, CO (FHA|USDA|VA) 7 $10,635,000 $1,519,286 $5,101 2.50%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 7 $10,215,000 $1,459,286 $4,420 2.48%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 6 $9,720,000 $1,620,000 $5,457 2.56%
    Vineyard Haven, MA (FHA|USDA|VA) 4 $9,700,000 $2,425,000 $13,596 2.53%
    PITTSBURGH, PA (FHA|USDA|VA) 8 $8,840,000 $1,105,000 $8,044 2.64%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $8,585,000 $1,717,000 $9,215 2.63%
    RICHMOND, VA (FHA|USDA|VA) 7 $8,365,000 $1,195,000 $6,127 2.86%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 10 $7,880,000 $788,000 $5,115 2.61%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 8 $7,710,000 $963,750 $5,251 2.72%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $7,615,000 $2,538,333 $9,490 2.67%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 5 $7,055,000 $1,411,000 $9,084 2.48%
    BEND, OR (FHA|USDA|VA) 5 $6,495,000 $1,299,000 $6,234 2.50%
    Hudson, NY (FHA|USDA|VA) 5 $6,245,000 $1,249,000 $7,692 2.68%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 6 $6,130,000 $1,021,667 $5,514 2.50%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $6,115,000 $1,223,000 $9,512 2.73%
    SALT LAKE CITY, UT (FHA|USDA|VA) 4 $5,910,000 $1,477,500 $6,171 2.38%
    ASHEVILLE, NC (FHA|USDA|VA) 5 $5,885,000 $1,177,000 $5,204 2.45%
    Kalispell, MT (FHA|USDA|VA) 2 $5,880,000 $2,940,000 $10,967 2.19%
    KNOXVILLE, TN (FHA|USDA|VA) 5 $5,705,000 $1,141,000 $5,818 2.45%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $5,605,000 $1,868,333 $5,718 2.46%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 5 $5,545,000 $1,109,000 $5,733 2.50%
    Kapaa, HI (FHA|USDA|VA) 2 $5,510,000 $2,755,000 $7,800 2.63%
    Key West, FL (FHA|USDA|VA) 4 $5,470,000 $1,367,500 $9,737 2.56%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 5 $5,115,000 $1,023,000 $9,244 2.63%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 6 $5,080,000 $846,667 $4,687 2.63%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 5 $4,865,000 $973,000 $6,901 2.48%
    WORCESTER, MA-CT (FHA|USDA|VA) 4 $4,610,000 $1,152,500 $4,491 2.49%
    RALEIGH-CARY, NC (FHA|USDA|VA) 4 $4,570,000 $1,142,500 $4,966 2.63%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $4,280,000 $2,140,000 $9,523 2.56%
    URBAN HONOLULU, HI (FHA|USDA|VA) 3 $4,265,000 $1,421,667 $6,010 2.71%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 4 $4,260,000 $1,065,000 $5,408 2.72%
    BRUNSWICK, GA (FHA|USDA|VA) 2 $4,220,000 $2,110,000 $8,289 2.44%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 6 $4,210,000 $701,667 $4,271 2.73%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 5 $4,055,000 $811,000 $5,652 2.43%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $3,935,000 $1,311,667 $5,351 2.63%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 4 $3,790,000 $947,500 $5,695 2.66%
    Ellensburg, WA (FHA|USDA|VA) 2 $3,790,000 $1,895,000 $12,567 2.63%
    FORT COLLINS, CO (FHA|USDA|VA) 2 $3,640,000 $1,820,000 $6,317 2.31%
    OCALA, FL (FHA|USDA|VA) 3 $3,575,000 $1,191,667 $7,831 2.71%
    Cullowhee, NC (FHA|USDA|VA) 4 $3,510,000 $877,500 $5,041 2.47%
    Lebanon, NH-VT (FHA|USDA|VA) 4 $3,460,000 $865,000 $4,523 2.59%
    Hilo, HI (FHA|USDA|VA) 2 $3,410,000 $1,705,000 $9,056 2.44%
    Outside of Metro Areas 2 $3,260,000 $1,630,000 $7,521 2.38%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 3 $3,195,000 $1,065,000 $6,138 2.71%
    Hailey, ID (FHA|USDA|VA) 2 $3,180,000 $1,590,000 $9,409 2.75%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $3,080,000 $1,540,000 $10,131 2.69%
    SALISBURY, MD-DE (FHA|USDA|VA) 3 $3,035,000 $1,011,667 $6,200 2.79%
    ST. GEORGE, UT (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $8,293 2.50%
    SANTA FE, NM (FHA|USDA|VA) 4 $2,970,000 $742,500 $5,889 2.59%
    WICHITA, KS (FHA|USDA|VA) 3 $2,905,000 $968,333 $4,131 2.75%
    TULSA, OK (FHA|USDA|VA) 3 $2,875,000 $958,333 $6,134 2.58%
    Georgetown, SC (FHA|USDA|VA) 2 $2,730,000 $1,365,000 $5,730 2.44%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $2,700,000 $1,350,000 $8,107 2.31%
    MADISON, WI (FHA|USDA|VA) 3 $2,595,000 $865,000 $3,863 2.75%
    Morehead City, NC (FHA|USDA|VA) 2 $2,530,000 $1,265,000 $4,495 2.44%
    Brenham, TX (FHA|USDA|VA) 1 $2,405,000 $2,405,000 $18,978 2.88%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $2,300,000 $1,150,000 $5,005 2.69%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $2,260,000 $1,130,000 $6,545 2.56%
    Torrington, CT (FHA|USDA|VA) 2 $2,210,000 $1,105,000 $6,163 2.63%
    Steamboat Springs, CO (FHA|USDA|VA) 2 $2,210,000 $1,105,000 $4,508 2.75%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $2,145,000 $715,000 $4,713 2.46%
    Durango, CO (FHA|USDA|VA) 3 $2,105,000 $701,667 $3,726 2.54%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $2,105,000 $2,105,000 $11,659 2.75%
    Edwards, CO (FHA|USDA|VA) 2 $2,050,000 $1,025,000 $4,574 2.56%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $2,030,000 $1,015,000 $5,092 2.56%
    Concord, NH (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $7,070 2.63%
    MEDFORD, OR (FHA|USDA|VA) 2 $1,960,000 $980,000 $5,567 2.19%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $1,950,000 $975,000 $4,417 2.31%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $1,940,000 $970,000 $3,991 2.63%
    WILMINGTON, NC (FHA|USDA|VA) 2 $1,910,000 $955,000 $4,369 2.56%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $1,875,000 $1,875,000 $5,789 2.63%
    LANCASTER, PA (FHA|USDA|VA) 2 $1,840,000 $920,000 $7,027 2.31%
    Bennington, VT (FHA|USDA|VA) 1 $1,785,000 $1,785,000 $8,999 2.63%
    TUCSON, AZ (FHA|USDA|VA) 4 $1,750,000 $437,500 $3,896 2.69%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $1,720,000 $860,000 $3,849 2.88%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $1,715,000 $1,715,000 $7,463 2.25%
    MADERA, CA (FHA|USDA|VA) 1 $1,705,000 $1,705,000 $5,227 2.75%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $1,700,000 $850,000 $6,359 2.56%
    Warsaw, IN (FHA|USDA|VA) 1 $1,655,000 $1,655,000 $4,836 2.50%
    BOISE CITY, ID (FHA|USDA|VA) 2 $1,640,000 $820,000 $6,466 2.56%
    NAPA, CA (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $4,665 2.63%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $7,077 2.75%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $6,782 2.25%
    SAVANNAH, GA (FHA|USDA|VA) 2 $1,490,000 $745,000 $5,225 2.69%
    LAWRENCE, KS (FHA|USDA|VA) 1 $1,465,000 $1,465,000 $3,394 2.88%
    ERIE, PA (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $9,621 3.00%
    GREEN BAY, WI (FHA|USDA|VA) 2 $1,350,000 $675,000 $2,838 2.44%
    Ukiah, CA (FHA|USDA|VA) 2 $1,330,000 $665,000 $3,271 2.75%
    HATTIESBURG, MS (FHA|USDA|VA) 1 $1,315,000 $1,315,000 $7,841 2.75%
    STATE COLLEGE, PA (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $8,438 2.88%
    WENATCHEE, WA (FHA|USDA|VA) 2 $1,230,000 $615,000 $3,900 2.69%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $1,215,000 $1,215,000 $4,009 2.63%
    Laconia, NH (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $4,887 2.63%
    RAPID CITY, SD (FHA|USDA|VA) 1 $1,195,000 $1,195,000 $5,315 2.63%
    Port Angeles, WA (FHA|USDA|VA) 1 $1,155,000 $1,155,000 $4,711 2.63%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $1,120,000 $560,000 $9,891 2.56%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $1,070,000 $535,000 $6,247 2.56%
    COLUMBUS, OH (FHA|USDA|VA) 2 $1,020,000 $510,000 $3,944 2.25%
    Bozeman, MT (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $6,235 2.50%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $15,783 2.38%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $995,000 $995,000 $3,752 2.13%
    Brevard, NC (FHA|USDA|VA) 2 $980,000 $490,000 $4,291 2.50%
    Easton, MD (FHA|USDA|VA) 1 $905,000 $905,000 $3,536 2.88%
    IDAHO FALLS, ID (FHA|USDA|VA) 1 $905,000 $905,000 $8,435 2.88%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $900,000 $450,000 $4,673 2.75%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $885,000 $885,000 $4,864 2.63%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $875,000 $875,000 $6,345 2.50%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $855,000 $855,000 $5,270 2.63%
    BELLINGHAM, WA (FHA|USDA|VA) 1 $855,000 $855,000 $4,421 2.38%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $840,000 $420,000 $4,733 2.19%
    Brainerd, MN (FHA|USDA|VA) 1 $835,000 $835,000 $4,554 2.88%
    Keene, NH (FHA|USDA|VA) 1 $835,000 $835,000 $5,949 2.38%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $835,000 $835,000 $3,896 2.75%
    Montrose, CO (FHA|USDA|VA) 1 $835,000 $835,000 $4,907 2.88%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $825,000 $825,000 $5,059 2.63%
    GREELEY, CO (FHA|USDA|VA) 1 $745,000 $745,000 $5,595 2.88%
    Sandpoint, ID (FHA|USDA|VA) 1 $735,000 $735,000 $5,654 2.50%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $725,000 $725,000 $4,632 2.75%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $715,000 $715,000 $4,286 3.13%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $705,000 $705,000 $6,618 2.50%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $675,000 $675,000 $4,178 2.50%
    WARNER ROBINS, GA (FHA|USDA|VA) 2 $660,000 $330,000 $3,424 2.56%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $655,000 $655,000 $3,894 2.50%
    Traverse City, MI (FHA|USDA|VA) 1 $635,000 $635,000 $3,949 2.63%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $635,000 $635,000 $4,377 2.63%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $605,000 $605,000 $5,625 2.75%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $605,000 $605,000 $1,867 2.25%
    KINGSTON, NY (FHA|USDA|VA) 1 $585,000 $585,000 $5,696 2.50%
    Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $565,000 $565,000 $5,983 2.38%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $535,000 $535,000 $4,014 2.63%
    Athens, TX (FHA|USDA|VA) 1 $515,000 $515,000 $6,206 2.50%
    Helena, MT (FHA|USDA|VA) 1 $485,000 $485,000 $2,906 2.88%
    Boone, NC (FHA|USDA|VA) 1 $465,000 $465,000 $3,418 2.50%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $435,000 $435,000 $4,168 2.75%
    Barre, VT (FHA|USDA|VA) 1 $425,000 $425,000 $4,216 2.63%
    Centralia, WA (FHA|USDA|VA) 1 $405,000 $405,000 $4,114 2.50%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $395,000 $395,000 $3,398 2.38%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $375,000 $375,000 $4,397 2.88%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $325,000 $325,000 $2,991 3.00%
    Greenwood, SC (FHA|USDA|VA) 1 $305,000 $305,000 $2,704 2.63%
    Raymondville, TX (FHA|USDA|VA) 1 $295,000 $295,000 $4,489 3.00%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $235,000 $235,000 $2,997 2.75%
    GREENVILLE, NC (FHA|USDA|VA) 1 $205,000 $205,000 $2,981 2.50%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 1 $185,000 $185,000 $2,793 2.13%

    Bny Mellon's top markets include New York, Los Angeles, Miami, San Francisco, and Boston among others.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,549 $2,185,515,000 $1,410,920 $7,308 2.59%

    For 2021, Bny Mellon's most frequently originated type of loan was Conventional, with 1,549 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 676 $900,850,000 $1,332,618 $6,274 2.65%
    Other 473 $652,495,000 $1,379,482 $6,725 2.52%
    Home Purchase 383 $602,755,000 $1,573,773 $9,787 2.56%
    Home Improvement 17 $29,415,000 $1,730,294 $8,437 2.63%

    For 2021, Bny Mellon's most frequently cited loan purpose was Refi, with 676 originations. The 2nd most popular reason was Other, with 473 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,470 $2,069,070,000 $1,407,531 $7,346 2.59%
    15 Year 76 $104,450,000 $1,374,342 $6,573 2.49%
    Other 3 $11,995,000 $3,998,333 $0 2.53%

    For 2021, Bny Mellon's most frequently cited loan duration was 30 Year, with 1,470 originations. The 2nd most popular length was 15 Year, with 76 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,485 $2,088,965,000 $1,406,710
    $5k+ 47 $74,485,000 $1,584,787
    $3k-4k 1 $505,000 $505,000

    Bny Mellon's average total fees were $7,346, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,485 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 825 $1,121,805,000 $1,359,764
    <2.5% 660 $989,830,000 $1,499,742
    3-4% 64 $73,880,000 $1,154,375

    During 2021, Bny Mellon's average interest rate for loans was 2.59%, while their most frequently originated rate bucket for loans was 2.5-3%, with 825 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 853 $1,723,025,000 $2,019,959 $9,198 2.58%
    $600k-1MM 448 $346,540,000 $773,527 $5,322 2.59%
    $400k-600k 192 $98,580,000 $513,438 $4,478 2.62%
    $200k-400k 53 $16,905,000 $318,962 $3,711 2.62%
    $100k-200k 3 $465,000 $155,000 $3,409 2.42%

    2021 saw Bny Mellon place emphasis on $1MM+ loans with 853 originations, totaling $1,723,025,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 1,316 $1,968,250,000 $1,495,631 $7,411 2.59%
    $150k-250k 162 $110,720,000 $683,457 $4,859 2.59%
    $100k-150k 33 $16,445,000 $498,333 $4,322 2.51%
    $75k-100k 9 $4,075,000 $452,778 $3,728 2.69%
    $50k-75k 2 $570,000 $285,000 $3,378 2.50%

    Bny Mellon lent most frequently to those with incomes in the $250k+ range, with 1,316 originations. The second most popular income band? $150k-250k, with 162 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 493 $662,945,000 $1,344,716 $6,794 2.58%
    <20% 421 $510,905,000 $1,213,551 $6,798 2.59%
    30-36% 312 $502,400,000 $1,610,256 $7,692 2.59%
    39% 58 $86,980,000 $1,499,655 $7,932 2.64%
    37% 49 $66,385,000 $1,354,796 $6,406 2.58%
    36% 46 $65,100,000 $1,415,217 $7,703 2.57%
    40% 42 $61,510,000 $1,464,524 $13,945 2.57%
    38% 38 $60,940,000 $1,603,684 $7,072 2.61%
    41% 35 $55,605,000 $1,588,714 $8,100 2.60%
    42% 28 $46,530,000 $1,661,786 $7,604 2.64%
    43% 7 $9,415,000 $1,345,000 $7,487 2.55%
    44% 4 $7,530,000 $1,882,500 $9,522 2.53%
    45% 4 $9,530,000 $2,382,500 $5,959 2.50%
    46% 2 $1,280,000 $640,000 $0 2.75%
    50-60% 1 $3,005,000 $3,005,000 $16,067 2.50%

    Bny Mellon lent most frequently to those with DTI ratios of 20-30%, with 493 originations. The next most common DTI ratio? <20%, with 421 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,080 $1,407,560,000 $1,303,296 $6,776 2.60%
    Not provided 401 $626,545,000 $1,562,456 $7,736 2.57%
    Not applicable 27 $85,455,000 $3,165,000 $24,052 2.46%
    Asian 36 $59,200,000 $1,644,444 $7,137 2.59%
    Black 4 $5,960,000 $1,490,000 $8,462 2.53%
    American Indian 1 $795,000 $795,000 $7,665 2.88%

    Approval Rates

    Total approvals of all applications
    94.40%

    Bny Mellon has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.15%

    Bny Mellon has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,549 $2,185,515,000 $1,410,920

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,549 $2,185,515,000 $1,410,920

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 180 $192,250,000 $1,068,056 $5,801 2.60%
    40-60% 387 $608,795,000 $1,573,114 $8,021 2.60%
    60-80% 814 $1,132,290,000 $1,391,020 $7,291 2.58%
    80-100% 126 $216,920,000 $1,721,587 $8,113 2.55%
    Under 20% 42 $35,260,000 $839,524 $5,134 2.66%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bny Mellon, National Association 10 Mason Street Greenwich, CT 6830 Full Service B&M $338,000
    Bny Mellon, National Association 1600 Newport Center Dr, Ste 200 Newport Beach, CA 92660 Limited, Trust Office $0
    Bny Mellon, National Association 1735 Market Street Philadelphia, PA 19103 Limited, Trust Office $0
    Bny Mellon, National Association 200 Park Avenue New York, NY 10166 Limited, Trust Office $0
    Bny Mellon, National Association 3000 Sand Hill Rd, Building 3, Suite 290 Menlo Park, CA 94025 Limited, Trust Office $0
    Bny Mellon, National Association 301 N. Elm Street, Suite 300 Greensboro, NC 27401 Limited, Trust Office $0
    Bny Mellon, National Association 311 South Wacker Drive, Ste 6200 Chicago, IL 60606 Limited, Trust Office $0
    Bny Mellon, National Association 3290 Northside Parkway, Nw, Suite 950 Atlanta, GA 30327 Limited, Trust Office $0
    Bny Mellon, National Association 3300 Pga Boulevard, Suite 200 Palm Beach Gardens, FL 33410 Limited, Trust Office $0
    Bny Mellon, National Association 3333 Richmond Road, Suite 110 Beachwood, OH 44122 Limited, Trust Office $0
    Bny Mellon, National Association 350 East Las Olas Blvd, Suite 1400 Fort Lauderdale, FL 33301 Limited, Trust Office $0
    Bny Mellon, National Association 4005 Kennett Pike, Floor 1 Greenville, DE 19807 Limited, Trust Office $0
    Bny Mellon, National Association 4488 Boy Scout Boulevard, Suite 350 Tampa, FL 33607 Limited, Trust Office $0
    Bny Mellon, National Association 4901 Tamiami Trail North Naples, FL 34103 Limited, Trust Office $0
    Bny Mellon, National Association 500 Grant St Pittsburgh, PA 15219 Full Service B&M $23,690,000
    Bny Mellon, National Association 531 West Morse Boulevard, Suite 150 Winter Park, FL 32789 Limited, Trust Office $0
    Bny Mellon, National Association 555 Mission St, Ste 1900 San Francisco, CA 94105 Limited, Trust Office $0
    Bny Mellon, National Association 6150 Sherry Lane Dallas, TX 75225 Limited, Trust Office $0
    Bny Mellon, National Association 701 Westchester Avenue White Plains, NY 10604 Limited, Trust Office $0
    Bny Mellon, National Association 7900 Tysons One Place Mclean, VA 22102 Limited, Trust Office $0
    Bny Mellon, National Association One Boston Place, 201 Washington Street Boston, MA 2108 Limited, Trust Office $0
    Bny Mellon, National Association One Giralda Farms, Suite 140 Madison, NJ 7940 Limited, Trust Office $0
    Bny Mellon, National Association One Summerlin 1980 Festival Plaza Drive, Ste 800 Las Vegas, NV 89135 Limited, Trust Office $0
    Bny Mellon, National Association San Felipe Place, 2229 San Felipe Street Houston, TX 77019 Limited, Trust Office $0
    Bny Mellon, National Association 100 Saint Paul Street, Suite 610 Denver, CO 80206 Limited, Trust Office $0
    Bny Mellon, National Association 1001 Franklin Avenue Garden City, NY 11530 Limited, Trust Office $0
    Bny Mellon, National Association 10250 Constellation Blvd, Suite 2100 Los Angeles, CA 90067 Limited, Trust Office $0
    Bny Mellon, National Association 1201 3rd Ave, Ste 5010 Seattle, WA 98101 Limited, Trust Office $0
    Bny Mellon, National Association 1250 H St Nw, Ste 1100 Washington, DC 20005 Limited, Trust Office $0
    Bny Mellon, National Association 1450 Brickell Avenue, Suite 2700 Miami, FL 33131 Limited, Trust Office $0

    For 2021, Bny Mellon had 30 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $387,000
    Net interest income $327,000
    Total noninterest income $899,000
    Gross Fiduciary activities income $762,000
    Service charges on deposit accounts $2,000
    Trading account gains and fees $0
    Additional Noninterest Income $135,000
    Pre-tax net operating income $534,000
    Securities gains (or losses, -) $-37,000
    Income before extraordinary items $376,000
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $376,000
    Minority interest net income $0
    Net income $376,000
    Sale, conversion, retirement of capital stock, net $26,000
    Net operating income $405,230

    Bny Mellon's gross interest income from loans was $387,000,000.
    Bny Mellon's net interest income from loans was $327,000,000.
    Bny Mellon's fee based income from loans was $2,000,000.
    Bny Mellon's net income from loans was $376,000,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $60,000
    Provision for credit losses $-17,000
    Total noninterest expense $709,000
    Salaries and employee benefits $351,000
    Premises and equipment expense $35,000
    Additional noninterest expense $323,000
    Applicable income taxes $121,000
    Net charge-offs $1,000
    Cash dividends $100,000

    Bny Mellon's interest expense for loans was $60,000,000.
    Bny Mellon's payroll and benefits expense were $351,000,000.
    Bny Mellon's property, plant and equipment expenses $35,000,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 9.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 12.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $29,133,000
    Deposits held in domestic offices $29,133,000
    Deposits by Individuals, partnerships, and corporations $23,632,000
    Deposits by U.S. Government $1,000
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $5,500,000
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $15,890,000
    Demand deposits $15,808,000
    Nontransaction accounts $13,243,000
    Money market deposit accounts (MMDAs) $7,448,000
    Other savings deposits (excluding MMDAs) $129,000
    Total time deposits $5,666,000
    Total time and savings deposits $13,325,000
    Noninterest-bearing deposits $1,163,000
    Interest-bearing deposits $27,970,000
    Retail deposits $22,145,000
    IRAs and Keogh plan accounts $526,000
    Brokered deposits $1,350,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $33,980,000
    Cash & Balances due from depository institutions $8,447,000
    Interest-bearing balances $8,265,000
    Total securities $176,000
    Federal funds sold & reverse repurchase $4,552,000
    Net loans and leases $18,519,000
    Loan and leases loss allowance $19,000
    Trading account assets $0
    Bank premises and fixed assets $165,000
    Other real estate owned $0
    Goodwill and other intangibles $1,737,000
    All other assets $384,000

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $33,980,000
    Total Liabilities $30,201,000
    Total deposits $29,133,000
    Interest-bearing deposits $27,970,000
    Deposits held in domestic offices $29,133,000
    % insured (estimated) $24
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $600,000
    Subordinated debt $200,000
    All other liabilities $268,000

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $18,519,000
    Loan and leases loss allowance $19,000
    Total loans and leases (domestic) $18,538,000
    All real estate loans $8,544,000
    Real estate loans in domestic offices $8,544,000
    Construction and development loans $128,000
    Residential 1-4 family construction $116,000
    Other construction, all land development and other land $12,000
    Loans secured by nonfarm nonresidential properties $450,000
    Nonfarm nonresidential secured by owner-occupied properties $16,000
    Commercial real estate & other non-farm, non-residential $434,000
    Multifamily residential real estate $46,000
    1-4 family residential loans $7,920,000
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $3,000
    Commercial and industrial loans $149,000
    To non-U.S. addressees $0
    Loans to individuals $3,523,000
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $3,523,000
    All other loans & leases $6,320,000
    Loans to foreign governments and official institutions $0
    Other loans $6,100,000
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $15,000
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    BNY Mellon had $18,519,000,000 of loans outstanding in 2021. $8,544,000,000 of loans were in real estate loans. $128,000,000 of loans were in development loans. $46,000,000 of loans were in multifamily mortgage loans. $7,920,000,000 of loans were in 1-4 family mortgage loans. $3,000,000 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 2 $2,000 $1,000,000
    Nonfarm, nonresidential loans - $250k-1MM 2 $2,000 $1,000,000
    Commercial & Industrial, US addressed loans - <$1MM 20 $9,000 $450,000
    Commercial & Industrial, US addressed loans - <$100k 1 $0 $0
    Commercial & Industrial, US addressed loans - $100-250k 6 $1,000 $166,667
    Commercial & Industrial, US addressed loans - $250k-1MM 13 $8,000 $615,385
    Agriculture operations loans - <$1MM 1 $0 $0
    Agriculture operations loans - <$100k 1 $0 $0