National Cooperative Bank N.a. Mortgage Rates, Fees & InfoHillsboro, OH
Tax ID: 31-1253766
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewNational Cooperative Bank N.a. is a smaller bank specializing in Home Purchase and Refi loans. National Cooperative Bank N.a. has a high proportion of conventional loans. Their top markets by origination volume include: New York, San Francisco, Washington, Los Angeles, and Dallas among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)
National Cooperative Bank N.a. has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. National Cooperative Bank N.a. is typically a low 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.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.17%||9/25/23|
|30 Year Conventional Refi||6.20%||9/25/23|
|30 Year Cash-out Refi||6.34%||9/25/23|
|30 Year FHA Purchase||6.27%||9/25/23|
|30 Year FHA Refi||6.27%||9/25/23|
|15 Year Conventional Purchase||6.59%||9/25/23|
|15 Year Conventional Refi||6.18%||9/25/23|
|15 Year Cash-out Refi||6.18%||9/25/23|
|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.|
National Cooperative Bank N.a. Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$999,030,000
NATIONAL COOPERATIVE BANK N.A. - 2022
NATIONAL COOPERATIVE BANK N.A. is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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National Cooperative Bank N.a.'s average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.29%.
Relative Fees (Closing Costs)
National Cooperative Bank N.a.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $4,280.
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.
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)||518||$827,090,000||$1,596,699||$4,441||4.49%|
|San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA)||137||$87,635,000||$639,672||$4,989||4.18%|
|Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA)||92||$24,660,000||$268,043||$2,558||4.06%|
|Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA)||40||$18,180,000||$454,500||$5,569||4.41%|
|Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)||1||$16,355,000||$16,355,000||$0||5.97%|
|Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA)||22||$6,010,000||$273,182||$3,706||4.13%|
|Detroit-Warren-Dearborn, MI (FHA|USDA|VA)||59||$5,515,000||$93,475||$3,870||5.62%|
|MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA)||11||$2,565,000||$233,182||$2,851||4.84%|
|BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA)||1||$2,205,000||$2,205,000||$0||5.05%|
|SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA)||3||$2,145,000||$715,000||$3,973||5.00%|
|BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA)||3||$1,165,000||$388,333||$4,943||5.04%|
|Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)||9||$965,000||$107,222||$3,723||4.22%|
|Outside of Metro Areas||7||$765,000||$109,286||$2,546||4.63%|
|BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA)||6||$710,000||$118,333||$2,755||4.40%|
|ANN ARBOR, MI (FHA|USDA|VA)||8||$690,000||$86,250||$3,555||4.94%|
|ANCHORAGE, AK (FHA|USDA|VA)||4||$440,000||$110,000||$2,046||3.84%|
|ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)||1||$425,000||$425,000||$10,819||4.88%|
|CINCINNATI, OH-KY-IN (FHA|USDA|VA)||3||$345,000||$115,000||$1,970||4.29%|
|VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA)||2||$260,000||$130,000||$2,666||3.44%|
|SPRINGFIELD, MA (FHA|USDA|VA)||3||$245,000||$81,667||$3,378||6.17%|
|Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA)||1||$205,000||$205,000||$2,808||5.13%|
|ROCHESTER, MN (FHA|USDA|VA)||1||$195,000||$195,000||$2,430||3.63%|
|Washington Court House, OH (FHA|USDA|VA)||1||$185,000||$185,000||$2,950||3.38%|
|Wilmington, OH (FHA|USDA|VA)||1||$75,000||$75,000||$1,140||5.38%|
We use machine learning to identify the top lenders compared against NATIONAL COOPERATIVE BANK N.A. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, National Cooperative Bank N.a.'s most frequently originated type of loan was Conventional, with 934 originations.
For 2022, National Cooperative Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 542 originations. The 2nd most popular reason was Refi, with 260 originations.
For 2022, National Cooperative Bank N.a.'s most frequently cited loan duration was 30 Year, with 627 originations. The 2nd most popular length was 10 Year, with 210 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
National Cooperative Bank N.a.'s average total fees were $4,280, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 466 originations.
During 2022, National Cooperative Bank N.a.'s average interest rate for loans was 4.47%, while their most frequently originated rate bucket for loans was 3-4%, with 313 originations.
2022 saw National Cooperative Bank N.a. place emphasis on $200k-400k loans with 237 originations, totaling $69,815,000 in origination value.
National Cooperative Bank N.a. lent most frequently to those with incomes in the $150k-250k range, with 182 originations. The second most popular income band? $100k-150k, with 161 originations.
Applicant Debt to Income Ratio
National Cooperative Bank N.a. lent most frequently to those with DTI ratios of 20-30%, with 212 originations. The next most common DTI ratio? 30-36%, with 147 originations.
Approval RatesTotal approvals of all applications
National Cooperative Bank N.a. has an average approval rate.
Pick RateApprovals leading to origination
National Cooperative Bank N.a. has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|