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

Hillsboro, OH

LEI: 5493001GAASLCSP1PB64

Tax ID: 31-1253766

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

Review & Overview

National Cooperative Bank N.a. is a smaller bank specializing in 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 Philadelphia among others. We have data for 29 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.

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	6.17%	4/18/24
30 Year Conventional Refi	6.20%	4/18/24
30 Year Cash-out Refi	6.34%	4/18/24
30 Year FHA Purchase	6.27%	4/18/24
30 Year FHA Refi	6.27%	4/18/24
15 Year Conventional Purchase	6.59%	4/18/24
15 Year Conventional Refi	6.18%	4/18/24
15 Year Cash-out Refi	6.18%	4/18/24
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

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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

863

Origination Dollar Volume (All Markets)

$916,525,000

Employee count

327

Awards

NATIONAL COOPERATIVE BANK N.A. 30 Year Conventional Loans silver

NATIONAL COOPERATIVE BANK N.A. 30 Year Conventional Loans gold

Show all (5) awards

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)	304	$694,160,000	$2,283,421	$3,150	4.01%
San Francisco-Oakland-Berkeley, CA (FHA\|USDA\|VA)	184	$83,670,000	$454,728	$4,944	4.07%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	155	$29,645,000	$191,258	$3,985	4.67%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	61	$19,885,000	$325,984	$2,356	4.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	1	$18,005,000	$18,005,000	$0	3.65%
Detroit-Warren-Dearborn, MI (FHA\|USDA\|VA)	44	$12,190,000	$277,045	$3,337	4.97%
FORT COLLINS, CO (FHA\|USDA\|VA)	1	$12,005,000	$12,005,000	$0	4.26%
COLORADO SPRINGS, CO (FHA\|USDA\|VA)	1	$11,805,000	$11,805,000	$0	4.50%
Seattle-Tacoma-Bellevue, WA (FHA\|USDA\|VA)	32	$8,160,000	$255,000	$3,225	4.28%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	1	$3,955,000	$3,955,000	$0	4.34%
HINESVILLE, GA (FHA\|USDA\|VA)	1	$3,805,000	$3,805,000	$0	4.42%
CHARLESTON-NORTH CHARLESTON, SC (FHA\|USDA\|VA)	1	$3,285,000	$3,285,000	$0	4.16%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	1	$2,675,000	$2,675,000	$0	4.43%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA\|USDA\|VA)	5	$2,615,000	$523,000	$3,283	4.18%
Outside of Metro Areas	24	$2,420,000	$100,833	$1,935	4.27%
LAWRENCE, KS (FHA\|USDA\|VA)	1	$2,275,000	$2,275,000	$0	4.03%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA\|USDA\|VA)	5	$1,545,000	$309,000	$3,565	3.83%
ANN ARBOR, MI (FHA\|USDA\|VA)	8	$600,000	$75,000	$3,427	4.44%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA\|USDA\|VA)	4	$570,000	$142,500	$2,416	3.88%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA\|USDA\|VA)	6	$570,000	$95,000	$2,330	4.13%
Wilmington, OH (FHA\|USDA\|VA)	6	$560,000	$93,333	$1,891	4.44%
ANCHORAGE, AK (FHA\|USDA\|VA)	1	$395,000	$395,000	$1,177	4.88%
CINCINNATI, OH-KY-IN (FHA\|USDA\|VA)	5	$365,000	$73,000	$1,973	4.35%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	2	$340,000	$170,000	$3,401	4.19%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	2	$260,000	$130,000	$2,509	5.06%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA\|USDA\|VA)	1	$255,000	$255,000	$4,342	4.63%
NEW HAVEN-MILFORD, CT (FHA\|USDA\|VA)	1	$255,000	$255,000	$2,294	3.75%
SPRINGFIELD, MA (FHA\|USDA\|VA)	3	$135,000	$45,000	$2,577	4.63%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA\|USDA\|VA)	2	$120,000	$60,000	$2,307	5.44%

National Cooperative Bank N.a.'s top markets include New York, San Francisco, Los Angeles, Washington, and Philadelphia among others.

Their top states include:

New York (FHA|USDA|VA)

California (FHA|USDA|VA)

Colorado (FHA|USDA|VA)

New Jersey (FHA|USDA|VA)

District of Columbia (FHA|USDA|VA)

Similar Lenders

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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	863	$916,525,000	$1,062,022	$3,722	4.23%

For 2019, National Cooperative Bank N.a.'s most frequently originated type of loan was Conventional, with 863 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	402	$116,490,000	$289,776	$4,360	4.48%
Refi	287	$726,315,000	$2,530,714	$2,468	3.82%
Cash Out Refi	109	$26,785,000	$245,734	$2,940	4.18%
Other	53	$45,105,000	$851,038	$2,862	4.56%
Home Improvement	12	$1,830,000	$152,500	$2,429	4.54%

For 2019, National Cooperative Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 402 originations. The 2nd most popular reason was Refi, with 287 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	556	$160,840,000	$289,281	$3,896	4.39%
10 Year	190	$682,550,000	$3,592,368	$2,393	3.79%
15 Year	76	$19,320,000	$254,211	$2,717	4.01%
20 Year	21	$4,465,000	$212,619	$2,912	4.23%
Other	19	$46,065,000	$2,424,474	$0	4.77%
5 Year	1	$3,285,000	$3,285,000	$0	4.16%

For 2019, National Cooperative Bank N.a.'s most frequently cited loan duration was 30 Year, with 556 originations. The 2nd most popular length was 10 Year, with 190 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	319	$76,305,000	$239,201
$<1k	279	$57,055,000	$204,498
$5k+	32	$25,610,000	$800,313
$4k-5k	10	$7,680,000	$768,000
$3k-4k	7	$4,055,000	$579,286
$2k-3k	3	$1,715,000	$571,667

National Cooperative Bank N.a.'s average total fees were $3,896, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 319 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	393	$591,585,000	$1,505,305
4-5%	366	$297,910,000	$813,962
5-6%	97	$25,385,000	$261,701
6-7%	4	$710,000	$177,500
2.5-3%	3	$935,000	$311,667

During 2019, National Cooperative Bank N.a.'s average interest rate for loans was 4.39%, while their most frequently originated rate bucket for loans was 3-4%, with 393 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	227	$62,915,000	$277,159	$3,326	4.30%
$100k-200k	187	$27,595,000	$147,567	$3,167	4.37%
$1MM+	180	$738,190,000	$4,101,056	$9,715	3.72%
$100,000 or less	139	$8,425,000	$60,612	$2,760	4.59%
$400k-600k	69	$32,635,000	$472,971	$4,376	4.13%
$600k-1MM	61	$46,765,000	$766,639	$7,996	4.35%

2019 saw National Cooperative Bank N.a. place emphasis on $200k-400k loans with 227 originations, totaling $62,915,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	143	$22,215,000	$155,350	$3,107	4.35%
$100k-150k	134	$31,710,000	$236,642	$3,342	4.39%
$150k-250k	112	$46,090,000	$411,518	$4,610	4.13%
$75k-100k	109	$20,745,000	$190,321	$3,215	4.39%
$50k or less	80	$7,140,000	$89,250	$2,989	4.66%
$250k+	71	$44,085,000	$620,915	$5,939	4.04%

National Cooperative Bank N.a. lent most frequently to those with incomes in the $50k-75k range, with 143 originations. The second most popular income band? $100k-150k, with 134 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	189	$49,095,000	$259,762	$3,757	4.21%
30-36%	132	$36,510,000	$276,591	$3,772	4.50%
<20%	61	$15,115,000	$247,787	$3,739	4.19%
42%	33	$7,305,000	$221,364	$3,485	4.54%
37%	28	$5,770,000	$206,071	$3,257	4.36%
40%	26	$10,800,000	$415,385	$3,713	4.15%
38%	25	$6,485,000	$259,400	$4,076	4.37%
39%	25	$7,275,000	$291,000	$4,273	4.41%
43%	19	$4,265,000	$224,474	$3,509	4.39%
41%	19	$8,425,000	$443,421	$4,373	4.09%
44%	18	$3,560,000	$197,778	$3,701	4.44%
46%	17	$3,165,000	$186,176	$3,470	4.64%
36%	16	$2,640,000	$165,000	$2,907	4.41%
45%	15	$4,285,000	$285,667	$3,554	4.53%
47%	11	$3,835,000	$348,636	$4,737	4.28%
48%	8	$1,450,000	$181,250	$3,169	4.17%
>60%	5	$1,645,000	$329,000	$1,975	4.40%
49%	4	$920,000	$230,000	$3,310	3.97%

National Cooperative Bank N.a. lent most frequently to those with DTI ratios of 20-30%, with 189 originations. The next most common DTI ratio? 30-36%, with 132 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	212	$743,980,000	$3,509,340	$0	3.91%
White	416	$109,560,000	$263,365	$3,667	4.24%
Not provided	135	$33,635,000	$249,148	$4,017	4.68%
Asian	66	$23,960,000	$363,030	$3,670	4.07%
Black	28	$4,720,000	$168,571	$3,428	4.55%
American Indian	3	$255,000	$85,000	$2,708	4.50%
Chinese	1	$155,000	$155,000	$4,254	4.13%
	1	$155,000	$155,000	$1,437	3.63%
Japanese	1	$105,000	$105,000	$3,383	4.88%

Approval Rates

Total approvals of all applications
88.55%

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

Pick Rate

Approvals leading to origination
81.81%

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

Points and Fees

Points	Originations	Total Value	Average Loan
NA	863	$916,525,000	$1,062,022

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	206	$740,500,000	$3,594,660
Single Family (1-4 Units):Manufactured	2	$200,000	$100,000
Single Family (1-4 Units):Site-Built	655	$175,825,000	$268,435

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	109	$243,125,000	$2,230,505	$3,185	4.02%
40-60%	126	$78,680,000	$624,444	$3,533	4.21%
60-80%	280	$92,720,000	$331,143	$3,843	4.28%
80-100%	169	$46,445,000	$274,822	$4,022	4.51%
Under 20%	179	$455,555,000	$2,545,000	$2,447	4.02%

Complaints

Bank Name	Product	Issue	2019 CPFB Complaints	% of Total Issues
National Default Servicing Corporation	Conventional home mortgage	Struggling to pay mortgage	3	100.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
NATIONAL COOPERATIVE BANK, N.A.	139 South High Street Hillsboro, OH 45133	Full Service B&M	$2,240,788

For 2019, National Cooperative Bank N.a. had 1 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$112,654
Net interest income	$79,944
Total noninterest income	$39,356
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$2,335
Trading account gains and fees	$0
Additional Noninterest Income	$37,021
Pre-tax net operating income	$26,677
Securities gains (or losses, -)	$0
Income before extraordinary items	$23,694
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$23,694
Minority interest net income	$0
Net income	$23,694
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$23,694

National Cooperative Bank N.a.'s gross interest income from loans was $112,654,000.
National Cooperative Bank N.a.'s net interest income from loans was $79,944,000.
National Cooperative Bank N.a.'s fee based income from loans was $2,335,000.
National Cooperative Bank N.a.'s net income from loans was $23,694,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$32,710
Provision for credit losses	$1,426
Total noninterest expense	$91,197
Salaries and employee benefits	$59,961
Premises and equipment expense	$6,286
Additional noninterest expense	$24,950
Applicable income taxes	$2,983
Net charge-offs	$-421
Cash dividends	$3,531

National Cooperative Bank N.a.'s interest expense for loans was $32,710,000.
National Cooperative Bank N.a.'s payroll and benefits expense were $59,961,000.
National Cooperative Bank N.a.'s property, plant and equipment expenses $6,286,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	0.0%
Real Estate loans	0.0%
Construction & Land Development loans	0.0%
Nonfarm, nonresidential loans	0.0%
Multifamily residential loans	0.0%
1-4 family residential loans	0.0%
HELOC loans	0.0%
All other family	0.0%
Commercial & industrial loans	0.0%
Personal loans	0.0%
Credit card loans	0.0%
Other individual loans	0.0%
Auto loans	0.0%
Other consumer loans	0.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$2,294,315
Deposits held in domestic offices	$2,294,315
Deposits by Individuals, partnerships, and corporations	$1,430,200
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$19,433
Deposits by Commercial banks and other depository institutions in U.S.	$844,682
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$322,729
Demand deposits	$302,657
Nontransaction accounts	$1,971,586
Money market deposit accounts (MMDAs)	$1,208,112
Other savings deposits (excluding MMDAs)	$419,886
Total time deposits	$343,588
Total time and savings deposits	$1,991,658
Noninterest-bearing deposits	$367,496
Interest-bearing deposits	$1,926,819
Retail deposits	$2,100,349
IRAs and Keogh plan accounts	$6,863
Brokered deposits	$62,254
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$2,695,854
Cash & Balances due from depository institutions	$390,468
Interest-bearing balances	$375,638
Total securities	$188,378
Federal funds sold & reverse repurchase	$0
Net loans and leases	$2,064,884
Loan and leases loss allowance	$16,921
Trading account assets	$0
Bank premises and fixed assets	$1,451
Other real estate owned	$973
Goodwill and other intangibles	$19,634
All other assets	$30,066

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$2,695,854
Total Liabilities	$2,395,370
Total deposits	$2,294,315
Interest-bearing deposits	$1,926,819
Deposits held in domestic offices	$2,294,315
% insured (estimated)	$39
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$75,000
Subordinated debt	$0
All other liabilities	$26,055

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$2,064,884
Loan and leases loss allowance	$16,921
Total loans and leases (domestic)	$2,081,805
All real estate loans	$1,522,046
Real estate loans in domestic offices	$1,522,046
Construction and development loans	$29,650
Residential 1-4 family construction	$0
Other construction, all land development and other land	$29,650
Loans secured by nonfarm nonresidential properties	$308,791
Nonfarm nonresidential secured by owner-occupied properties	$61,271
Commercial real estate & other non-farm, non-residential	$247,520
Multifamily residential real estate	$638,096
1-4 family residential loans	$543,942
Farmland loans	$1,567
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$525,582
To non-U.S. addressees	$0
Loans to individuals	$25,703
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$25,415
Other loans to individuals	$288
All other loans & leases	$13,818
Loans to foreign governments and official institutions	$0
Other loans	$1,518
Loans to depository institutions and acceptances of other banks	$12,300
Loans not secured by real estate	$7,209
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$3,974
Non 1-4 family restructured loans & leases	$1,531
Total loans and leases (foreign)	$0

NATIONAL COOPERATIVE BANK N.A. had $2,064,884,000 of loans outstanding in 2019. $1,522,046,000 of loans were in real estate loans. $29,650,000 of loans were in development loans. $638,096,000 of loans were in multifamily mortgage loans. $543,942,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $25,415,000 of loans were in the auto loan category.

Small Business Loans

Categorization	# of Loans in Category	$ amount of loans (in 000's)	Average $/loan
Nonfarm, nonresidential loans - <$1MM	56	$19,688	$351,571
Nonfarm, nonresidential loans - <$100k	8	$235	$29,375
Nonfarm, nonresidential loans - $100-250k	9	$1,098	$122,000
Nonfarm, nonresidential loans - $250k-1MM	39	$18,355	$470,641
Commercial & Industrial, US addressed loans - <$1MM	235	$67,872	$288,817
Commercial & Industrial, US addressed loans - <$100k	24	$1,081	$45,042
Commercial & Industrial, US addressed loans - $100-250k	56	$7,536	$134,571
Commercial & Industrial, US addressed loans - $250k-1MM	155	$59,255	$382,290
Farmland loans - <$1MM	19	$1,566	$82,421
Farmland loans - <$100k	10	$420	$42,000
Farmland loans - $100-250k	7	$792	$113,143
Farmland loans - $250k-1MM	2	$354	$177,000