Bny Mellon Mortgage Rates, Fees & Info
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Tax ID: 25-0659306
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.60% | 12/16/24 |
| 30 Year Conventional Refi | 5.84% | 12/16/24 |
| 15 Year Conventional Purchase | 5.37% | 12/16/24 |
| 15 Year Conventional Refi | 5.83% | 12/16/24 |
| 15 Year Cash-out Refi | 5.83% | 12/16/24 |
| 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
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This is not an official calculator from Bny Mellon. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,206Origination Dollar Volume (All Markets)
$1,850,890,000Awards
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BNY Mellon - 2022
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For 2022, less than of lenders were eligible for this award.
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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% |
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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
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
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
2022 saw Bny Mellon place emphasis on $1MM+ loans with 631 originations, totaling $1,480,825,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications94.03%
Bny Mellon has an average approval rate.
Pick Rate
Approvals leading to origination88.89%
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 |