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

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  • SimulatedRates™
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    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    National Cooperative Bank N.a. is a small 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 Minneapolis among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)

    National Cooperative Bank N.a. 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. 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.

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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

    1,180

    Origination Dollar Volume (All Markets)

    $1,193,620,000

    Employee count

    356 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) 395 $907,845,000 $2,298,342 $3,320 3.34%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 233 $127,155,000 $545,730 $4,017 3.27%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 216 $53,310,000 $246,806 $4,235 3.50%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 114 $35,930,000 $315,175 $2,433 2.95%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 19 $18,595,000 $978,684 $2,615 3.46%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $15,720,000 $7,860,000 $0 4.12%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 73 $8,225,000 $112,671 $3,404 3.26%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 34 $7,700,000 $226,471 $3,368 2.81%
    Outside of Metro Areas 33 $4,085,000 $123,788 $1,890 2.54%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 8 $2,660,000 $332,500 $2,281 3.04%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $2,455,000 $2,455,000 $0 3.95%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 13 $1,915,000 $147,308 $3,108 3.10%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $1,675,000 $558,333 $3,029 3.29%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 6 $1,250,000 $208,333 $2,102 3.21%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 8 $820,000 $102,500 $1,792 2.52%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $805,000 $805,000 $0 3.48%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $695,000 $695,000 $2,526 2.63%
    ANN ARBOR, MI (FHA|USDA|VA) 6 $610,000 $101,667 $3,156 3.46%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $540,000 $270,000 $4,005 2.81%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $370,000 $185,000 $3,065 3.06%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $370,000 $185,000 $3,317 3.50%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $325,000 $325,000 $0 4.25%
    SPRINGFIELD, MA (FHA|USDA|VA) 4 $220,000 $55,000 $3,150 3.47%
    AKRON, OH (FHA|USDA|VA) 1 $155,000 $155,000 $2,628 2.88%
    Wilmington, OH (FHA|USDA|VA) 1 $125,000 $125,000 $1,645 2.50%
    ROCHESTER, MN (FHA|USDA|VA) 1 $65,000 $65,000 $2,822 3.38%
    National Cooperative Bank N.a.'s top markets include New York, San Francisco, Los Angeles, Washington, and Minneapolis among others.

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

    First Savings Bank of Hegewisch
    Similarity Rank: 45
    N C P D Federal Credit Union
    Similarity Rank: 102
    Liberty Bank for Savings
    Similarity Rank: 153
    Polish-American Federal Credit Union
    Similarity Rank: 212
    St James Mortgage Corporation
    Similarity Rank: 304
    Schuyler Savings Bank
    Similarity Rank: 352
    Christian Community Credit Union
    Similarity Rank: 354
    Cedar Point Federal Credit Union
    Similarity Rank: 546
    T&I Credit union
    Similarity Rank: 618
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 652

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,180 $1,193,620,000 $1,011,542 $3,512 3.27%

    For 2021, National Cooperative Bank N.a.'s most frequently originated type of loan was Conventional, with 1,180 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 481 $905,485,000 $1,882,505 $2,737 3.20%
    Home Purchase 468 $165,150,000 $352,885 $4,207 3.38%
    Cash Out Refi 184 $49,520,000 $269,130 $2,781 3.09%
    Other 38 $71,930,000 $1,892,895 $3,240 3.60%
    Home Improvement 9 $1,535,000 $170,556 $2,907 3.18%

    For 2021, National Cooperative Bank N.a.'s most frequently cited loan purpose was Refi, with 481 originations. The 2nd most popular reason was Home Purchase, with 468 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 742 $272,450,000 $367,183 $3,673 3.34%
    10 Year 277 $819,815,000 $2,959,621 $2,734 3.25%
    15 Year 99 $36,125,000 $364,899 $2,756 2.75%
    20 Year 45 $18,965,000 $421,444 $2,929 2.95%
    Other 15 $43,475,000 $2,898,333 $0 4.21%
    5 Year 2 $2,790,000 $1,395,000 $0 3.98%

    For 2021, National Cooperative Bank N.a.'s most frequently cited loan duration was 30 Year, with 742 originations. The 2nd most popular length was 10 Year, with 277 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 533 $176,925,000 $331,942
    $<1k 371 $97,585,000 $263,032
    $3k-4k 1 $175,000 $175,000

    National Cooperative Bank N.a.'s average total fees were $3,673, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 533 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 767 $818,225,000 $1,066,786
    2.5-3% 270 $272,710,000 $1,010,037
    4-5% 78 $92,400,000 $1,184,615
    <2.5% 65 $10,285,000 $158,231

    During 2021, National Cooperative Bank N.a.'s average interest rate for loans was 3.34%, while their most frequently originated rate bucket for loans was 3-4%, with 767 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 297 $82,565,000 $277,997 $3,387 3.25%
    $100k-200k 270 $39,850,000 $147,593 $2,989 3.16%
    $1MM+ 248 $915,180,000 $3,690,242 $5,881 3.30%
    $100,000 or less 129 $8,275,000 $64,147 $2,974 3.08%
    $400k-600k 119 $58,195,000 $489,034 $4,050 3.41%
    $600k-1MM 117 $89,555,000 $765,427 $5,018 3.55%

    2021 saw National Cooperative Bank N.a. place emphasis on $200k-400k loans with 297 originations, totaling $82,565,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 188 $84,000,000 $446,809 $3,948 3.27%
    $100k-150k 184 $52,460,000 $285,109 $3,607 3.24%
    $50k-75k 184 $30,860,000 $167,717 $3,090 3.20%
    $75k-100k 155 $33,795,000 $218,032 $3,315 3.15%
    $250k+ 105 $63,965,000 $609,190 $4,099 3.27%
    $50k or less 84 $7,670,000 $91,310 $2,951 3.19%

    National Cooperative Bank N.a. lent most frequently to those with incomes in the $150k-250k range, with 188 originations. The second most popular income band? $100k-150k, with 184 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 259 $77,855,000 $300,598 $3,474 3.22%
    30-36% 159 $48,965,000 $307,956 $3,517 3.23%
    <20% 124 $34,780,000 $280,484 $3,337 3.12%
    39% 41 $13,895,000 $338,902 $3,745 3.31%
    42% 38 $10,040,000 $264,211 $3,573 3.33%
    40% 38 $13,820,000 $363,684 $3,645 3.27%
    36% 36 $11,860,000 $329,444 $3,800 3.26%
    38% 34 $12,700,000 $373,529 $4,160 3.30%
    41% 32 $11,560,000 $361,250 $3,520 3.20%
    37% 26 $11,350,000 $436,538 $3,911 3.20%
    44% 23 $6,285,000 $273,261 $2,929 3.20%
    45% 21 $5,335,000 $254,048 $3,371 3.34%
    43% 20 $4,570,000 $228,500 $3,424 3.24%
    49% 15 $3,025,000 $201,667 $2,949 3.14%
    46% 14 $2,840,000 $202,857 $3,779 3.19%
    48% 12 $2,440,000 $203,333 $3,352 3.07%
    47% 8 $1,430,000 $178,750 $3,663 3.14%
    >60% 1 $495,000 $495,000 $3,838 2.88%

    National Cooperative Bank N.a. lent most frequently to those with DTI ratios of 20-30%, with 259 originations. The next most common DTI ratio? 30-36%, with 159 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 275 $918,935,000 $3,341,582 $0 3.44%
    White 615 $182,915,000 $297,423 $3,414 3.17%
    Not provided 136 $41,880,000 $307,941 $3,873 3.34%
    Asian 93 $37,575,000 $404,032 $3,852 3.30%
    Black 44 $8,220,000 $186,818 $3,099 3.30%
    American Indian 6 $1,480,000 $246,667 $3,673 3.33%
    Asian Indian 3 $955,000 $318,333 $3,506 2.63%
    Filipino 2 $600,000 $300,000 $3,246 3.38%
    Other Asian 3 $495,000 $165,000 $2,821 2.79%
    1 $205,000 $205,000 $2,897 2.63%
    Vietnamese 1 $185,000 $185,000 $3,724 3.00%
    Other Pacific Islander 1 $175,000 $175,000 $3,532 3.25%

    Approval Rates

    Total approvals of all applications
    91.55%

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

    Pick Rate

    Approvals leading to origination
    85.51%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,180 $1,193,620,000 $1,011,542

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,180 $1,193,620,000 $1,011,542

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 171 $257,875,000 $1,508,041 $2,896 3.11%
    40-60% 200 $56,770,000 $283,850 $3,114 3.12%
    60-80% 390 $165,910,000 $425,410 $3,823 3.31%
    80-100% 209 $58,005,000 $277,536 $3,659 3.30%
    Over 100% 1 $805,000 $805,000 $0 3.48%
    Under 20% 208 $653,050,000 $3,139,663 $2,875 3.42%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    NATIONAL ASSET MORTGAGE, LLC Conventional home mortgage Struggling to pay mortgage 2 100.0%

    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 $2,593,552

    For 2021, National Cooperative Bank N.a. had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $112,154
    Net interest income $100,450
    Total noninterest income $67,648
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,666
    Trading account gains and fees $0
    Additional Noninterest Income $64,982
    Pre-tax net operating income $61,448
    Securities gains (or losses, -) $0
    Income before extraordinary items $53,854
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $53,854
    Minority interest net income $0
    Net income $53,854
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $53,854

    National Cooperative Bank N.a.'s gross interest income from loans was $112,154,000.
    National Cooperative Bank N.a.'s net interest income from loans was $100,450,000.
    National Cooperative Bank N.a.'s fee based income from loans was $2,666,000.
    National Cooperative Bank N.a.'s net income from loans was $53,854,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $11,704
    Provision for credit losses $-1,206
    Total noninterest expense $107,856
    Salaries and employee benefits $67,101
    Premises and equipment expense $6,000
    Additional noninterest expense $34,755
    Applicable income taxes $7,594
    Net charge-offs $504
    Cash dividends $12,309

    National Cooperative Bank N.a.'s interest expense for loans was $11,704,000.
    National Cooperative Bank N.a.'s payroll and benefits expense were $67,101,000.
    National Cooperative Bank N.a.'s property, plant and equipment expenses $6,000,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 3.0%
    HELOC loans 0.0%
    All other family 3.0%
    Commercial & industrial loans 1.0%
    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 $2,689,267
    Deposits held in domestic offices $2,689,267
    Deposits by Individuals, partnerships, and corporations $1,647,493
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $26,350
    Deposits by Commercial banks and other depository institutions in U.S. $1,015,425
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,080,768
    Demand deposits $1,040,839
    Nontransaction accounts $1,608,500
    Money market deposit accounts (MMDAs) $1,356,577
    Other savings deposits (excluding MMDAs) $21,844
    Total time deposits $230,077
    Total time and savings deposits $1,648,429
    Noninterest-bearing deposits $519,960
    Interest-bearing deposits $2,169,307
    Retail deposits $2,578,887
    IRAs and Keogh plan accounts $8,879
    Brokered deposits $39,396
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,166,513
    Cash & Balances due from depository institutions $564,294
    Interest-bearing balances $504,524
    Total securities $299,463
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,234,565
    Loan and leases loss allowance $22,610
    Trading account assets $0
    Bank premises and fixed assets $1,556
    Other real estate owned $172
    Goodwill and other intangibles $31,003
    All other assets $35,460

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,166,513
    Total Liabilities $2,794,990
    Total deposits $2,689,267
    Interest-bearing deposits $2,169,307
    Deposits held in domestic offices $2,689,267
    % insured (estimated) $38
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $75,000
    Subordinated debt $0
    All other liabilities $30,723

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,234,565
    Loan and leases loss allowance $22,610
    Total loans and leases (domestic) $2,257,175
    All real estate loans $1,591,451
    Real estate loans in domestic offices $1,591,451
    Construction and development loans $18,424
    Residential 1-4 family construction $0
    Other construction, all land development and other land $18,424
    Loans secured by nonfarm nonresidential properties $291,932
    Nonfarm nonresidential secured by owner-occupied properties $74,310
    Commercial real estate & other non-farm, non-residential $217,622
    Multifamily residential real estate $710,258
    1-4 family residential loans $569,718
    Farmland loans $1,119
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $602,755
    To non-U.S. addressees $0
    Loans to individuals $63,533
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $63,358
    Other loans to individuals $175
    All other loans & leases $8,409
    Loans to foreign governments and official institutions $0
    Other loans $1,409
    Loans to depository institutions and acceptances of other banks $7,000
    Loans not secured by real estate $2,992
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,848
    Non 1-4 family restructured loans & leases $1,576
    Total loans and leases (foreign) $0

    NATIONAL COOPERATIVE BANK N.A. had $2,234,565,000 of loans outstanding in 2021. $1,591,451,000 of loans were in real estate loans. $18,424,000 of loans were in development loans. $710,258,000 of loans were in multifamily mortgage loans. $569,718,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $63,358,000 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 45 $16,142 $358,711
    Nonfarm, nonresidential loans - <$100k 5 $116 $23,200
    Nonfarm, nonresidential loans - $100-250k 6 $748 $124,667
    Nonfarm, nonresidential loans - $250k-1MM 34 $15,278 $449,353
    Commercial & Industrial, US addressed loans - <$1MM 422 $99,440 $235,640
    Commercial & Industrial, US addressed loans - <$100k 126 $5,037 $39,976
    Commercial & Industrial, US addressed loans - $100-250k 92 $12,633 $137,315
    Commercial & Industrial, US addressed loans - $250k-1MM 204 $81,770 $400,833
    Farmland loans - <$1MM 14 $1,119 $79,929
    Farmland loans - <$100k 6 $174 $29,000
    Farmland loans - $100-250k 6 $625 $104,167
    Farmland loans - $250k-1MM 2 $320 $160,000