Bny Mellon Mortgage Rates, Fees & Info

Pittsburgh, PA

LEI: 4EP6JBYBTPTQ47LZOB67

Tax ID: 25-0659306

5 stars - out of 5 stars, based on 35 reviews

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

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Mortgage Data

Review & Overview

Bny Mellon is a small mortgage company specializing in Home Purchase, Other, and Refi loans. Bny Mellon has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, New York, Miami, San Francisco, and Boston among others. We have data for 185 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 an average 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 5.60% 5/27/23
30 Year Conventional Refi 5.84% 5/27/23
15 Year Conventional Purchase 5.37% 5/27/23
15 Year Conventional Refi 5.83% 5/27/23
15 Year Cash-out Refi 5.83% 5/27/23
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.

Bny Mellon Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Bny Mellon. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,206

Origination Dollar Volume (All Markets)

$1,850,890,000
Show all (30) awards

Relative Rate

Bny Mellon's average 30 year fixed mortgage rate was 3.54%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -1.22%.

Relative Fees (Closing Costs)

Bny Mellon's average total fees/closing costs for a 30 year fixed rate mortgage were $7,367.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 67 $224,265,000 $3,347,239 $8,066 3.59%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 149 $209,815,000 $1,408,154 $7,871 3.36%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 62 $134,970,000 $2,176,935 $11,339 3.61%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 50 $95,110,000 $1,902,200 $5,832 3.37%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 69 $82,455,000 $1,195,000 $5,773 3.55%
Outside of Metro Areas 57 $69,735,000 $1,223,421 $6,113 3.48%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 32 $56,400,000 $1,762,500 $6,888 3.36%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 25 $50,125,000 $2,005,000 $11,491 3.57%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 18 $45,830,000 $2,546,111 $6,923 3.51%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 30 $40,240,000 $1,341,333 $5,522 3.64%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 24 $36,330,000 $1,513,750 $8,075 3.46%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 33 $35,935,000 $1,088,939 $6,048 3.88%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 15 $34,735,000 $2,315,667 $7,400 3.58%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 20 $31,520,000 $1,576,000 $6,050 4.20%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 19 $31,375,000 $1,651,316 $7,429 3.53%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 21 $28,015,000 $1,334,048 $6,572 3.63%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 14 $23,480,000 $1,677,143 $12,648 3.76%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 15 $22,495,000 $1,499,667 $11,829 3.66%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 20 $22,070,000 $1,103,500 $9,513 3.59%
Heber, UT (FHA|USDA|VA) 10 $19,560,000 $1,956,000 $6,881 3.30%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 20 $18,610,000 $930,500 $7,203 3.78%
Glenwood Springs, CO (FHA|USDA|VA) 3 $15,995,000 $5,331,667 $15,078 3.75%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 11 $15,715,000 $1,428,636 $14,435 3.59%
OCEAN CITY, NJ (FHA|USDA|VA) 6 $15,230,000 $2,538,333 $9,919 3.17%
Jackson, WY-ID (FHA|USDA|VA) 6 $14,580,000 $2,430,000 $7,878 3.27%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 11 $13,265,000 $1,205,909 $5,933 3.35%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 10 $12,960,000 $1,296,000 $11,716 3.43%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 10 $12,800,000 $1,280,000 $7,873 3.30%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 6 $12,740,000 $2,123,333 $7,696 3.67%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 12 $11,720,000 $976,667 $8,928 3.52%
Bozeman, MT (FHA|USDA|VA) 3 $10,985,000 $3,661,667 $13,429 2.58%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 11 $10,905,000 $991,364 $9,293 3.30%
Edwards, CO (FHA|USDA|VA) 2 $9,900,000 $4,950,000 $12,695 3.19%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 9 $9,865,000 $1,096,111 $4,928 3.14%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 9 $9,835,000 $1,092,778 $4,948 3.72%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 10 $9,740,000 $974,000 $4,894 3.84%
Whitewater, WI (FHA|USDA|VA) 3 $9,185,000 $3,061,667 $6,534 4.17%
Cullowhee, NC (FHA|USDA|VA) 2 $8,450,000 $4,225,000 $10,146 2.81%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $7,885,000 $2,628,333 $9,214 3.25%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 9 $7,315,000 $812,778 $6,001 3.82%
Laconia, NH (FHA|USDA|VA) 3 $7,165,000 $2,388,333 $11,238 3.54%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 7 $7,085,000 $1,012,143 $5,657 3.54%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $7,070,000 $1,767,500 $10,669 3.00%
BRUNSWICK, GA (FHA|USDA|VA) 4 $6,990,000 $1,747,500 $7,920 3.88%
BOULDER, CO (FHA|USDA|VA) 7 $6,975,000 $996,429 $4,887 3.68%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $6,950,000 $1,737,500 $9,868 3.13%
Mountain Home, ID (FHA|USDA|VA) 2 $6,470,000 $3,235,000 $19,431 4.00%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 2 $6,360,000 $3,180,000 $9,897 2.81%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 4 $5,730,000 $1,432,500 $6,101 3.34%
KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $5,695,000 $1,139,000 $4,459 3.38%
URBAN HONOLULU, HI (FHA|USDA|VA) 3 $5,675,000 $1,891,667 $14,477 3.08%
Vineyard Haven, MA (FHA|USDA|VA) 4 $5,490,000 $1,372,500 $7,061 3.09%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 4 $5,430,000 $1,357,500 $5,007 3.50%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $5,405,000 $1,801,667 $15,179 3.08%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 5 $5,375,000 $1,075,000 $7,868 3.30%
RENO, NV (FHA|USDA|VA) 2 $5,330,000 $2,665,000 $9,591 3.38%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 4 $5,190,000 $1,297,500 $5,258 3.63%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $5,065,000 $1,013,000 $5,431 4.33%
FRESNO, CA (FHA|USDA|VA) 4 $4,880,000 $1,220,000 $4,267 3.09%
WILMINGTON, NC (FHA|USDA|VA) 3 $4,855,000 $1,618,333 $6,043 4.25%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 5 $4,775,000 $955,000 $6,150 3.73%
RALEIGH-CARY, NC (FHA|USDA|VA) 8 $4,730,000 $591,250 $3,783 3.81%
NAPA, CA (FHA|USDA|VA) 3 $4,365,000 $1,455,000 $4,911 3.58%
Hailey, ID (FHA|USDA|VA) 3 $4,225,000 $1,408,333 $7,490 3.17%
PITTSBURGH, PA (FHA|USDA|VA) 5 $4,145,000 $829,000 $7,452 3.30%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 4 $4,100,000 $1,025,000 $4,321 3.91%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $4,015,000 $1,338,333 $6,966 2.96%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $3,960,000 $1,980,000 $5,255 3.44%
GAINESVILLE, GA (FHA|USDA|VA) 1 $3,655,000 $3,655,000 $12,270 3.00%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $3,450,000 $862,500 $6,643 3.53%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $3,445,000 $1,148,333 $6,233 4.00%
SALISBURY, MD-DE (FHA|USDA|VA) 4 $3,350,000 $837,500 $6,048 3.91%
ASHEVILLE, NC (FHA|USDA|VA) 4 $3,340,000 $835,000 $6,761 4.34%
SALINAS, CA (FHA|USDA|VA) 3 $3,275,000 $1,091,667 $4,481 3.08%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $3,190,000 $1,595,000 $6,167 3.50%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 4 $3,080,000 $770,000 $5,425 3.91%
SANTA FE, NM (FHA|USDA|VA) 3 $3,035,000 $1,011,667 $7,152 2.92%
SAVANNAH, GA (FHA|USDA|VA) 4 $2,840,000 $710,000 $5,002 3.94%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $2,835,000 $945,000 $4,310 3.25%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $2,770,000 $692,500 $3,626 3.38%
Seneca, SC (FHA|USDA|VA) 2 $2,760,000 $1,380,000 $6,844 3.63%
Lebanon, NH-VT (FHA|USDA|VA) 3 $2,755,000 $918,333 $4,837 3.33%
SALT LAKE CITY, UT (FHA|USDA|VA) 3 $2,745,000 $915,000 $4,763 3.50%
BEND, OR (FHA|USDA|VA) 2 $2,710,000 $1,355,000 $5,521 3.63%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $2,620,000 $655,000 $4,703 3.69%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $2,585,000 $861,667 $6,072 3.88%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $2,540,000 $1,270,000 $7,610 3.06%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $2,535,000 $2,535,000 $8,671 2.38%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 3 $2,445,000 $815,000 $6,220 3.79%
Bennington, VT (FHA|USDA|VA) 2 $2,420,000 $1,210,000 $15,177 3.31%
Hilo, HI (FHA|USDA|VA) 2 $2,340,000 $1,170,000 $5,307 2.50%
BILLINGS, MT (FHA|USDA|VA) 2 $2,220,000 $1,110,000 $5,726 4.25%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $2,205,000 $2,205,000 $9,259 4.50%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $2,160,000 $1,080,000 $4,753 3.63%
BOISE CITY, ID (FHA|USDA|VA) 2 $2,160,000 $1,080,000 $6,282 3.38%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $2,130,000 $1,065,000 $6,980 3.81%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 2 $2,110,000 $1,055,000 $7,184 3.56%
ST. GEORGE, UT (FHA|USDA|VA) 1 $2,025,000 $2,025,000 $6,600 5.00%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $12,384 3.25%
PITTSFIELD, MA (FHA|USDA|VA) 3 $1,965,000 $655,000 $4,616 3.04%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $1,960,000 $980,000 $7,489 4.69%
Kalispell, MT (FHA|USDA|VA) 1 $1,935,000 $1,935,000 $7,847 4.75%
Easton, MD (FHA|USDA|VA) 1 $1,905,000 $1,905,000 $8,310 4.38%
Spirit Lake, IA (FHA|USDA|VA) 1 $1,765,000 $1,765,000 $3,817 4.75%
GREELEY, CO (FHA|USDA|VA) 2 $1,760,000 $880,000 $3,666 3.69%
KNOXVILLE, TN (FHA|USDA|VA) 2 $1,760,000 $880,000 $5,545 3.38%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $1,705,000 $1,705,000 $5,717 3.13%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $1,645,000 $548,333 $4,873 4.21%
RICHMOND, VA (FHA|USDA|VA) 2 $1,630,000 $815,000 $3,776 3.19%
MONTGOMERY, AL (FHA|USDA|VA) 1 $1,605,000 $1,605,000 $4,866 3.88%
Outside of Metro Areas 1 $1,605,000 $1,605,000 $5,006 5.63%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $1,535,000 $1,535,000 $3,689 3.75%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $1,520,000 $760,000 $4,488 2.75%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 3 $1,505,000 $501,667 $3,778 3.38%
Torrington, CT (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $6,892 3.25%
Kill Devil Hills, NC (FHA|USDA|VA) 2 $1,460,000 $730,000 $5,331 3.88%
OCALA, FL (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $23,285 2.38%
Paducah, KY-IL (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $6,277 2.75%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $1,360,000 $680,000 $4,456 4.56%
Cañon City, CO (FHA|USDA|VA) 1 $1,315,000 $1,315,000 $9,625 2.25%
Ukiah, CA (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $5,938 3.38%
Hudson, NY (FHA|USDA|VA) 2 $1,270,000 $635,000 $4,958 3.69%
Barre, VT (FHA|USDA|VA) 2 $1,210,000 $605,000 $4,686 3.31%
Boone, NC (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $4,638 3.13%
KINGSTON, NY (FHA|USDA|VA) 2 $1,190,000 $595,000 $5,281 3.75%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $1,130,000 $565,000 $4,890 3.69%
Sonora, CA (FHA|USDA|VA) 1 $1,115,000 $1,115,000 $4,838 3.13%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $1,110,000 $555,000 $3,015 4.00%
TUCSON, AZ (FHA|USDA|VA) 2 $1,060,000 $530,000 $4,024 4.38%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $1,050,000 $525,000 $4,210 3.38%
READING, PA (FHA|USDA|VA) 1 $1,025,000 $1,025,000 $8,333 3.00%
Brainerd, MN (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $5,444 4.25%
WICHITA, KS (FHA|USDA|VA) 1 $965,000 $965,000 $4,032 4.13%
ST. CLOUD, MN (FHA|USDA|VA) 1 $965,000 $965,000 $3,969 5.50%
THE VILLAGES, FL (FHA|USDA|VA) 2 $910,000 $455,000 $4,676 3.25%
TULSA, OK (FHA|USDA|VA) 1 $905,000 $905,000 $5,664 2.50%
Granbury, TX (FHA|USDA|VA) 1 $855,000 $855,000 $5,196 4.00%
ALTOONA, PA (FHA|USDA|VA) 1 $825,000 $825,000 $7,131 2.63%
LAFAYETTE, LA (FHA|USDA|VA) 1 $825,000 $825,000 $5,727 2.63%
SPRINGFIELD, MA (FHA|USDA|VA) 2 $810,000 $405,000 $4,417 4.00%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $805,000 $805,000 $4,888 3.88%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $805,000 $805,000 $8,740 4.13%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $790,000 $395,000 $5,056 3.00%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $755,000 $755,000 $3,468 4.75%
Brevard, NC (FHA|USDA|VA) 1 $755,000 $755,000 $5,679 3.63%
COLUMBIA, MO (FHA|USDA|VA) 1 $755,000 $755,000 $3,216 4.63%
Breckenridge, CO (FHA|USDA|VA) 1 $755,000 $755,000 $5,668 2.88%
BELLINGHAM, WA (FHA|USDA|VA) 1 $755,000 $755,000 $4,202 4.25%
Milledgeville, GA (FHA|USDA|VA) 1 $745,000 $745,000 $4,419 4.13%
EL PASO, TX (FHA|USDA|VA) 1 $735,000 $735,000 $6,577 3.25%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $705,000 $705,000 $5,776 3.00%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $685,000 $685,000 $5,141 2.88%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $675,000 $675,000 $2,674 3.38%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $645,000 $645,000 $6,285 3.38%
Traverse City, MI (FHA|USDA|VA) 1 $625,000 $625,000 $4,502 4.00%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $625,000 $625,000 $5,053 4.50%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $605,000 $605,000 $3,564 3.25%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $605,000 $605,000 $4,500 3.88%
BATON ROUGE, LA (FHA|USDA|VA) 1 $605,000 $605,000 $4,366 3.88%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $605,000 $605,000 $5,944 2.75%
NILES, MI (FHA|USDA|VA) 1 $605,000 $605,000 $4,316 3.75%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $605,000 $605,000 $4,870 2.88%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $605,000 $605,000 $3,214 2.13%
Butte-Silver Bow, MT (FHA|USDA|VA) 1 $585,000 $585,000 $3,304 4.00%
Steamboat Springs, CO (FHA|USDA|VA) 1 $575,000 $575,000 $3,875 3.88%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $565,000 $565,000 $4,376 3.88%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $555,000 $555,000 $4,170 4.63%
Montrose, CO (FHA|USDA|VA) 1 $555,000 $555,000 $5,793 3.00%
Morehead City, NC (FHA|USDA|VA) 1 $545,000 $545,000 $3,373 4.00%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $525,000 $525,000 $5,717 3.50%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $525,000 $525,000 $2,647 2.88%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $505,000 $505,000 $2,963 5.88%
ANN ARBOR, MI (FHA|USDA|VA) 1 $505,000 $505,000 $4,601 4.25%
Key West, FL (FHA|USDA|VA) 1 $505,000 $505,000 $5,807 3.88%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $505,000 $505,000 $4,132 2.75%
AMARILLO, TX (FHA|USDA|VA) 1 $485,000 $485,000 $4,977 2.75%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $485,000 $485,000 $3,535 4.63%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $475,000 $475,000 $4,414 3.88%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $475,000 $475,000 $3,746 3.63%
CORVALLIS, OR (FHA|USDA|VA) 1 $465,000 $465,000 $3,565 2.75%
COLUMBUS, OH (FHA|USDA|VA) 1 $445,000 $445,000 $4,175 3.13%
Lewisburg, TN (FHA|USDA|VA) 1 $405,000 $405,000 $3,253 4.13%
Ludington, MI (FHA|USDA|VA) 1 $375,000 $375,000 $3,768 2.75%
PANAMA CITY, FL (FHA|USDA|VA) 1 $365,000 $365,000 $4,478 2.88%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $255,000 $255,000 $5,033 5.13%
Bny Mellon's top markets include Los Angeles, New York, Miami, San Francisco, and Boston among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,206 $1,850,890,000 $1,534,735 $7,360 3.54%

    For 2022, Bny Mellon's most frequently originated type of loan was Conventional, with 1,206 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 448 $713,840,000 $1,593,393 $8,712 3.79%
    Other 418 $637,470,000 $1,525,048 $6,505 3.49%
    Refi 310 $452,160,000 $1,458,581 $6,619 3.28%
    Home Improvement 30 $47,420,000 $1,580,667 $6,946 3.30%

    For 2022, Bny Mellon's most frequently cited loan purpose was Home Purchase, with 448 originations. The 2nd most popular reason was Other, with 418 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,183 $1,825,045,000 $1,542,726 $7,367 3.54%
    15 Year 23 $25,845,000 $1,123,696 $7,006 3.41%

    For 2022, Bny Mellon's most frequently cited loan duration was 30 Year, with 1,183 originations. The 2nd most popular length was 15 Year, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,169 $1,800,955,000 $1,540,595
    $5k+ 25 $41,025,000 $1,641,000
    $4k-5k 2 $1,420,000 $710,000
    $3k-4k 1 $545,000 $545,000

    Bny Mellon's average total fees were $7,367, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,169 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 536 $743,210,000 $1,386,586
    2.5-3% 302 $596,490,000 $1,975,132
    4-5% 240 $298,710,000 $1,244,625
    <2.5% 75 $157,305,000 $2,097,400
    5-6% 53 $55,175,000 $1,041,038

    During 2022, Bny Mellon's average interest rate for loans was 3.54%, while their most frequently originated rate bucket for loans was 3-4%, with 536 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 631 $1,480,825,000 $2,346,791 $9,376 3.46%
    $600k-1MM 332 $252,850,000 $761,596 $5,570 3.65%
    $400k-600k 209 $106,685,000 $510,455 $4,642 3.66%
    $200k-400k 33 $10,375,000 $314,394 $3,782 3.34%
    $100k-200k 1 $155,000 $155,000 $0 2.88%

    2022 saw Bny Mellon place emphasis on $1MM+ loans with 631 originations, totaling $1,480,825,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 1,010 $1,620,900,000 $1,604,851 $7,634 3.52%
    $150k-250k 141 $90,915,000 $644,787 $5,192 3.67%
    $100k-150k 24 $11,570,000 $482,083 $4,217 3.68%
    $75k-100k 6 $1,870,000 $311,667 $3,977 3.85%

    Bny Mellon lent most frequently to those with incomes in the $250k+ range, with 1,010 originations. The second most popular income band? $150k-250k, with 141 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 361 $541,775,000 $1,500,762 $6,977 3.51%
    <20% 263 $303,575,000 $1,154,278 $6,843 3.48%
    30-36% 258 $427,060,000 $1,655,271 $7,414 3.56%
    37% 54 $89,650,000 $1,660,185 $7,448 3.57%
    38% 51 $97,405,000 $1,909,902 $8,859 3.55%
    41% 43 $63,915,000 $1,486,395 $8,874 3.51%
    36% 42 $64,870,000 $1,544,524 $8,028 3.65%
    42% 40 $56,310,000 $1,407,750 $7,456 3.59%
    40% 38 $54,550,000 $1,435,526 $7,136 3.83%
    39% 36 $43,410,000 $1,205,833 $6,756 3.79%
    46% 4 $15,580,000 $3,895,000 $15,912 3.44%
    45% 3 $51,295,000 $17,098,333 $22,126 3.29%
    50-60% 2 $8,180,000 $4,090,000 $11,654 2.63%
    43% 2 $5,310,000 $2,655,000 $10,195 3.88%
    47% 2 $5,820,000 $2,910,000 $6,664 3.25%
    49% 1 $2,005,000 $2,005,000 $11,821 3.13%
    44% 1 $375,000 $375,000 $3,768 2.75%

    Bny Mellon lent most frequently to those with DTI ratios of 20-30%, with 361 originations. The next most common DTI ratio? <20%, with 263 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 820 $1,113,810,000 $1,358,305 $7,060 3.57%
    Not provided 312 $529,600,000 $1,697,436 $7,746 3.47%
    Not applicable 25 $125,635,000 $5,025,400 $12,444 3.36%
    Asian 39 $60,295,000 $1,546,026 $6,559 3.47%
    American Indian 1 $11,005,000 $11,005,000 $36,534 3.75%
    Black 8 $8,340,000 $1,042,500 $7,455 3.94%
    Native Hawaiian or Islander 1 $2,205,000 $2,205,000 $7,008 2.38%

    Approval Rates

    Total approvals of all applications
    94.03%

    Bny Mellon has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.89%

    Bny Mellon has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,206 $1,850,890,000 $1,534,735

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,206 $1,850,890,000 $1,534,735

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 162 $173,900,000 $1,073,457 $6,278 3.53%
    40-60% 255 $449,835,000 $1,764,059 $7,476 3.49%
    60-80% 574 $941,250,000 $1,639,808 $7,640 3.48%
    80-100% 183 $258,565,000 $1,412,923 $7,386 3.81%
    Under 20% 32 $27,340,000 $854,375 $6,693 3.43%