National Cooperative Bank N.a. Mortgage Rates, Fees & Info

Hillsboro, OH

LEI: 5493001GAASLCSP1PB64

Tax ID: 31-1253766

5 stars - Updated: 12/16/24 - out of 5 stars, based on 22 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    National 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, Los Angeles, Washington, and Detroit among others. We have data for 20 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 relatively high 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 6.17% 12/16/24
    30 Year Conventional Refi 6.20% 12/16/24
    30 Year Cash-out Refi 6.34% 12/16/24
    30 Year FHA Purchase 6.27% 12/16/24
    30 Year FHA Refi 6.27% 12/16/24
    15 Year Conventional Purchase 6.59% 12/16/24
    15 Year Conventional Refi 6.18% 12/16/24
    15 Year Cash-out Refi 6.18% 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.

    National Cooperative Bank N.a. Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from National Cooperative Bank N.a.. 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

    481

    Origination Dollar Volume (All Markets)

    $435,625,000
    Show all (6) awards

    Relative Rate

    National Cooperative Bank N.a.'s average 30 year fixed mortgage rate was 6.62%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of 0.14%.

    Relative Fees (Closing Costs)

    National Cooperative Bank N.a.'s average total fees/closing costs for a 30 year fixed rate mortgage were $4,502.

    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 $9,089.

    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) 205 $338,005,000 $1,648,805 $4,431 6.50%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 70 $38,260,000 $546,571 $5,790 6.44%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 35 $19,795,000 $565,571 $6,329 6.56%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 57 $13,195,000 $231,491 $2,785 6.45%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 64 $5,710,000 $89,219 $3,858 6.99%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 16 $4,340,000 $271,250 $4,471 6.72%
    TOPEKA, KS (FHA|USDA|VA) 1 $4,105,000 $4,105,000 $0 6.86%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $2,405,000 $2,405,000 $0 6.86%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $2,335,000 $467,000 $3,440 6.27%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $1,855,000 $1,855,000 $0 7.91%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $0 7.22%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 6 $980,000 $163,333 $2,881 6.60%
    Outside of Metro Areas 7 $935,000 $133,571 $1,838 6.75%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $655,000 $655,000 $0 7.88%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $640,000 $320,000 $4,876 6.50%
    ANN ARBOR, MI (FHA|USDA|VA) 5 $635,000 $127,000 $4,002 6.93%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $275,000 $275,000 $2,184 5.88%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $95,000 $95,000 $3,668 6.38%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $55,000 $55,000 $2,819 7.50%
    Wilmington, OH (FHA|USDA|VA) 1 $45,000 $45,000 $1,704 6.63%
    National Cooperative Bank N.a.'s top markets include New York, San Francisco, Los Angeles, Washington, and Detroit among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)

    • Similar Lenders

    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.

    Michigan Legacy Credit Union
    Similarity Rank: 15
    Polish-American Federal Credit Union
    Similarity Rank: 45
    First Savings Bank of Hegewisch
    Similarity Rank: 46
    South Metro Federal Credit Union
    Similarity Rank: 55
    Los Angeles Federal Credit Union
    Similarity Rank: 72
    Total Community Credit Union
    Similarity Rank: 94
    St James Mortgage Corporation
    Similarity Rank: 104
    N C P D Federal Credit Union
    Similarity Rank: 126
    Columbia Bank
    Similarity Rank: 156
    The First National Bank of Long Island
    Similarity Rank: 158

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 481 $435,625,000 $905,665 $4,420 6.58%

    For 2023, National Cooperative Bank N.a.'s most frequently originated type of loan was Conventional, with 481 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 336 $108,260,000 $322,202 $4,488 6.61%
    Refi 102 $299,710,000 $2,938,333 $3,213 6.35%
    Other 28 $24,200,000 $864,286 $3,148 6.87%
    Cash Out Refi 8 $2,180,000 $272,500 $5,235 6.92%
    Home Improvement 6 $770,000 $128,333 $2,834 6.56%
    NA 1 $505,000 $505,000 $0 7.37%

    For 2023, National Cooperative Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 336 originations. The 2nd most popular reason was Refi, with 102 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 329 $117,015,000 $355,669 $4,502 6.62%
    10 Year 97 $277,955,000 $2,865,515 $3,573 6.26%
    15 Year 19 $4,465,000 $235,000 $3,273 6.73%
    20 Year 18 $3,110,000 $172,778 $4,246 6.83%
    Other 15 $31,015,000 $2,067,667 $0 7.24%
    5 Year 3 $2,065,000 $688,333 $1,190 7.08%

    For 2023, National Cooperative Bank N.a.'s most frequently cited loan duration was 30 Year, with 329 originations. The 2nd most popular length was 10 Year, with 97 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 278 $94,870,000 $341,259
    $<1k 79 $15,205,000 $192,468
    $5k+ 5 $2,845,000 $569,000
    $4k-5k 3 $1,005,000 $335,000
    $3k-4k 1 $205,000 $205,000

    National Cooperative Bank N.a.'s average total fees were $4,502, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 278 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 228 $155,320,000 $681,228
    5-6% 130 $199,500,000 $1,534,615
    7-8% 113 $71,035,000 $628,628
    Over 8% 10 $9,770,000 $977,000

    During 2023, National Cooperative Bank N.a.'s average interest rate for loans was 6.62%, while their most frequently originated rate bucket for loans was 6-7%, with 228 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 100 $29,660,000 $296,600 $4,321 6.75%
    $1MM+ 87 $305,915,000 $3,516,264 $6,389 6.23%
    $100k-200k 85 $12,335,000 $145,118 $3,500 6.66%
    $100,000 or less 74 $4,840,000 $65,405 $3,464 6.82%
    $400k-600k 71 $34,465,000 $485,423 $5,197 6.54%
    $600k-1MM 64 $48,410,000 $756,406 $6,619 6.44%

    2023 saw National Cooperative Bank N.a. place emphasis on $200k-400k loans with 100 originations, totaling $29,660,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 95 $39,555,000 $416,368 $5,086 6.55%
    $100k-150k 83 $21,595,000 $260,181 $4,096 6.66%
    $250k+ 60 $36,210,000 $603,500 $5,202 6.42%
    $75k-100k 51 $9,345,000 $183,235 $4,095 6.82%
    $50k-75k 41 $4,965,000 $121,098 $3,574 6.64%
    $50k or less 36 $2,460,000 $68,333 $3,531 6.81%

    National Cooperative Bank N.a. lent most frequently to those with incomes in the $150k-250k range, with 95 originations. The second most popular income band? $100k-150k, with 83 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 98 $31,670,000 $323,163 $4,305 6.49%
    30-36% 85 $29,525,000 $347,353 $4,449 6.65%
    <20% 30 $5,670,000 $189,000 $3,568 6.47%
    41% 21 $5,765,000 $274,524 $4,633 6.73%
    36% 17 $5,775,000 $339,706 $4,639 6.65%
    37% 16 $4,730,000 $295,625 $4,814 6.84%
    42% 15 $5,405,000 $360,333 $4,630 6.75%
    38% 13 $3,015,000 $231,923 $4,214 6.58%
    40% 12 $4,870,000 $405,833 $5,677 6.66%
    39% 11 $3,135,000 $285,000 $4,576 6.33%
    43% 10 $2,260,000 $226,000 $4,119 6.96%
    44% 10 $3,260,000 $326,000 $5,054 6.54%
    47% 9 $2,445,000 $271,667 $4,286 7.04%
    45% 8 $2,130,000 $266,250 $4,244 7.02%
    46% 5 $2,525,000 $505,000 $4,956 7.08%
    48% 4 $1,370,000 $342,500 $4,121 6.75%
    49% 2 $580,000 $290,000 $4,593 6.81%

    National Cooperative Bank N.a. lent most frequently to those with DTI ratios of 20-30%, with 98 originations. The next most common DTI ratio? 30-36%, with 85 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 115 $321,495,000 $2,795,609 $0 6.42%
    White 232 $72,570,000 $312,802 $4,291 6.64%
    Not provided 61 $19,295,000 $316,311 $4,639 6.56%
    Asian 34 $14,250,000 $419,118 $5,026 6.57%
    Black 31 $5,315,000 $171,452 $3,929 6.80%
    Chinese 2 $1,050,000 $525,000 $10,047 5.81%
    Filipino 2 $700,000 $350,000 $4,791 6.50%
    American Indian 2 $420,000 $210,000 $5,636 7.13%
    Other Asian 1 $395,000 $395,000 $2,910 5.88%
    Asian Indian 1 $135,000 $135,000 $2,621 6.25%

    Approval Rates

    Total approvals of all applications
    86.52%

    National Cooperative Bank N.a. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.42%

    National Cooperative Bank N.a. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 481 $435,625,000 $905,665

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    481 $435,625,000 $905,665

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 44 $87,440,000 $1,987,273 $4,057 6.54%
    40-60% 45 $22,795,000 $506,556 $5,018 6.55%
    60-80% 171 $61,605,000 $360,263 $4,489 6.61%
    80-100% 118 $32,330,000 $273,983 $4,279 6.66%
    Under 20% 102 $230,950,000 $2,264,216 $2,978 6.46%