Sturdy Savings Bank Mortgage Rates, Fees & Info
Stone Harbor, NJLEI: 5493003DHZPFGQQJCU86
Tax ID: 21-0605343
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Sturdy Savings Bank is a smaller bank specializing in Home Purchase loans. Sturdy Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Ocean City, Atlantic City, Miami, and Vineland among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Sturdy Savings Bank 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.
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Originations
210Origination Dollar Volume (All Markets)
$83,400,000Top 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 |
|---|---|---|---|---|---|
| OCEAN CITY, NJ (FHA|USDA|VA) | 196 | $78,670,000 | $401,378 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 12 | $3,610,000 | $300,833 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 210 | $83,400,000 | $397,143 | $0 | 0.00% |
For 2022, Sturdy Savings Bank's most frequently originated type of loan was Conventional, with 210 originations.
Loan Reason
For 2022, Sturdy Savings Bank's most frequently cited loan purpose was Home Purchase, with 149 originations. The 2nd most popular reason was Refi, with 40 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 210 | $83,400,000 | $397,143 | $0 | 0.00% |
For 2022, Sturdy Savings Bank's most frequently cited loan duration was Other, with 210 originations.
Loan Sizing
2022 saw Sturdy Savings Bank place emphasis on $200k-400k loans with 69 originations, totaling $19,395,000 in origination value.
Applicant Income
Sturdy Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 48 originations. The second most popular income band? $250k+, with 39 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 210 | $83,400,000 | $397,143 | $0 | 0.00% |
Sturdy Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 210 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.75%
Sturdy Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination89.05%
Sturdy Savings Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 210 | $83,400,000 | $397,143 |