Atlantic Stewardship Bank Mortgage Rates, Fees & Info

Midland Park, NJ

LEI: 5493003CJTOY2FH5V515

Tax ID: 22-2499582

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

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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)

    • Review & Overview

    Atlantic Stewardship Bank is a smaller bank specializing in Refi and Home Purchase loans. Atlantic Stewardship Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Atlantic City, and Trenton among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Atlantic Stewardship Bank 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. Atlantic Stewardship Bank 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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    Originations

    91

    Origination Dollar Volume (All Markets)

    $18,805,000

    Awards

    Atlantic Stewardship Bank 30 Year Conventional Loans gold Atlantic Stewardship Bank 30 Year Conventional Loans bronze
    Show all (2) 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) 89 $18,485,000 $207,697 $1,169 4.38%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $295,000 $295,000 $0 5.38%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $25,000 $25,000 $83 3.75%
    Atlantic Stewardship Bank's top markets include New York, Atlantic City, and Trenton among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Atlantic Stewardship Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    N C P D Federal Credit Union
    Similarity Rank: 56
    Schuyler Savings Bank
    Similarity Rank: 104
    Union County Savings Bank
    Similarity Rank: 150
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 192
    Blue Foundry Bank
    Similarity Rank: 212
    Bogota Savings Bank
    Similarity Rank: 246
    MOUNTAIN MORTGAGE CORP.
    Similarity Rank: 266
    FUNDING RESOURCES MORTGAGE CORPORATION
    Similarity Rank: 292
    CREDIT UNION OF NEW JERSEY
    Similarity Rank: 360
    Atlantic Stewardship Bank
    Similarity Rank: 372

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 91 $18,805,000 $206,648 $1,154 4.39%

    For 2019, Atlantic Stewardship Bank's most frequently originated type of loan was Conventional, with 91 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 29 $7,545,000 $260,172 $421 4.57%
    Home Purchase 20 $5,710,000 $285,500 $3,316 4.42%
    Home Improvement 20 $1,940,000 $97,000 $113 4.37%
    Other 15 $1,025,000 $68,333 $133 4.21%
    Cash Out Refi 7 $2,585,000 $369,286 $3,077 3.96%

    For 2019, Atlantic Stewardship Bank's most frequently cited loan purpose was Refi, with 29 originations. The 2nd most popular reason was Home Purchase, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 22 $4,950,000 $225,000 $136 4.23%
    10 Year 20 $3,760,000 $188,000 $112 4.64%
    30 Year 20 $6,570,000 $328,500 $3,503 3.96%
    20 Year 13 $1,515,000 $116,538 $360 4.57%
    15 Year 13 $1,135,000 $87,308 $393 4.28%
    1 Year 2 $810,000 $405,000 $0 7.00%
    Other 1 $65,000 $65,000 $0 5.25%

    For 2019, Atlantic Stewardship Bank's most frequently cited loan duration was 5 Year, with 22 originations. The 2nd most popular length was 10 Year, with 20 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 72 $10,750,000 $149,306

    Atlantic Stewardship Bank's average total fees were $3,503, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 72 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 48 $8,890,000 $185,208
    3-4% 29 $5,485,000 $189,138
    5-6% 13 $4,075,000 $313,462
    7-8% 1 $355,000 $355,000

    During 2019, Atlantic Stewardship Bank's average interest rate for loans was 3.96%, while their most frequently originated rate bucket for loans was 4-5%, with 48 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 39 $1,815,000 $46,538 $85 4.20%
    $200k-400k 21 $6,025,000 $286,905 $2,899 4.58%
    $100k-200k 19 $2,755,000 $145,000 $1,074 4.50%
    $400k-600k 9 $4,335,000 $481,667 $3,878 4.29%
    $1MM+ 3 $3,875,000 $1,291,667 $0 4.98%

    2019 saw Atlantic Stewardship Bank place emphasis on $100,000 or less loans with 39 originations, totaling $1,815,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 25 $3,745,000 $149,800 $914 4.07%
    $100k-150k 15 $2,065,000 $137,667 $1,052 4.15%
    $50k-75k 12 $1,660,000 $138,333 $1,188 4.19%
    $75k-100k 10 $1,560,000 $156,000 $1,361 4.06%
    $50k or less 6 $570,000 $95,000 $1,553 4.48%
    $250k+ 5 $1,215,000 $243,000 $1,766 3.95%

    Atlantic Stewardship Bank lent most frequently to those with incomes in the $150k-250k range, with 25 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 15 $1,435,000 $95,667 $720 3.97%
    30-36% 15 $2,855,000 $190,333 $1,374 4.09%
    41% 8 $1,120,000 $140,000 $585 4.27%
    39% 7 $1,045,000 $149,286 $1,181 4.00%
    36% 6 $1,510,000 $251,667 $1,992 4.08%
    44% 4 $540,000 $135,000 $873 4.13%
    42% 3 $435,000 $145,000 $1,593 4.04%
    46% 2 $380,000 $190,000 $3,910 4.31%
    49% 2 $160,000 $80,000 $90 4.50%
    38% 2 $70,000 $35,000 $81 4.38%
    40% 2 $240,000 $120,000 $1,147 4.13%
    48% 2 $280,000 $140,000 $1,735 4.13%
    >60% 1 $45,000 $45,000 $82 4.38%
    45% 1 $505,000 $505,000 $4,302 4.38%
    50-60% 1 $65,000 $65,000 $102 4.38%
    <20% 1 $65,000 $65,000 $94 4.13%

    Atlantic Stewardship Bank lent most frequently to those with DTI ratios of 20-30%, with 15 originations. The next most common DTI ratio? 30-36%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 17 $7,785,000 $457,941 $0 5.43%
    White 58 $6,580,000 $113,448 $729 4.21%
    Not provided 14 $3,950,000 $282,143 $2,803 3.91%
    Black 2 $490,000 $245,000 $1,506 4.06%

    Approval Rates

    Total approvals of all applications
    77.63%

    Atlantic Stewardship Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    76.92%

    Atlantic Stewardship Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 91 $18,805,000 $206,648

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $2,710,000 $677,500
    Single Family (1-4 Units):Site-Built 87 $16,095,000 $185,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $2,005,000 $154,231 $501 4.74%
    40-60% 12 $3,520,000 $293,333 $2,905 4.85%
    60-80% 21 $9,135,000 $435,000 $3,064 4.41%
    80-100% 6 $2,260,000 $376,667 $3,367 3.92%
    Under 20% 38 $1,860,000 $48,947 $93 4.20%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Atlantic Union Bankshares, Inc. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    Atlantic Union Bankshares, Inc. Conventional home mortgage Closing on a mortgage 1 33.3%
    Atlantic Union Bankshares, Inc. Conventional home mortgage Trouble during payment process 1 33.3%