New Republic Savings Bank Mortgage Rates, Fees & Info
Roanoke Rapids, NCLEI: 5493000FLJMMXYXYKI25
Tax ID: 56-2105187
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Mortgage Data
Review & Overview
New Republic Savings Bank is a smaller bank specializing in Cash Out Refi and Home Purchase loans. New Republic Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Charlotte, Raleigh, Shelby, Rocky Mount, and Roanoke Rapids among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)New Republic Savings Bank has an above average approval rate when compared to the average across all lenders.
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Originations
19Origination Dollar Volume (All Markets)
$5,645,000Top 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 |
|---|---|---|---|---|---|
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $2,010,000 | $1,005,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 5 | $1,375,000 | $275,000 | $0 | 0.00% |
| Shelby, NC (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 0.00% |
| Wilson, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $105,000 | $105,000 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 19 | $5,645,000 | $297,105 | $0 | 0.00% |
For 2023, New Republic Savings Bank's most frequently originated type of loan was Conventional, with 19 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 10 | $2,460,000 | $246,000 | $0 | 0.00% |
| Home Purchase | 5 | $2,215,000 | $443,000 | $0 | 0.00% |
| Refi | 4 | $970,000 | $242,500 | $0 | 0.00% |
For 2023, New Republic Savings Bank's most frequently cited loan purpose was Cash Out Refi, with 10 originations. The 2nd most popular reason was Home Purchase, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 19 | $5,645,000 | $297,105 | $0 | 0.00% |
For 2023, New Republic Savings Bank's most frequently cited loan duration was Other, with 19 originations.
Loan Sizing
2023 saw New Republic Savings Bank place emphasis on $100k-200k loans with 8 originations, totaling $1,350,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 2 | $660,000 | $330,000 | $0 | 0.00% |
New Republic Savings Bank lent most frequently to those with incomes in the $250k+ range, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 19 | $5,645,000 | $297,105 | $0 | 0.00% |
New Republic Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 19 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.88%
New Republic Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 19 | $5,645,000 | $297,105 |