Patriot Bank N.a. Mortgage Rates, Fees & Info
Stamford, CTLEI: 5493003VL1891MV4Y526
Tax ID: 06-1364615
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Patriot Bank N.a. is a smaller bank specializing in Refi loans. Patriot Bank N.a. has a high proportion of conventional loans. Their top two markets are Bridgeport and New Haven .Patriot Bank N.a. has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
21Origination Dollar Volume (All Markets)
$12,425,000Top 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 |
|---|---|---|---|---|---|
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 10 | $6,910,000 | $691,000 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 10 | $5,400,000 | $540,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 21 | $12,425,000 | $591,667 | $0 | 0.00% |
For 2019, Patriot Bank N.a.'s most frequently originated type of loan was Conventional, with 21 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 15 | $9,625,000 | $641,667 | $0 | 0.00% |
| Home Purchase | 4 | $1,490,000 | $372,500 | $0 | 0.00% |
| Home Improvement | 2 | $1,310,000 | $655,000 | $0 | 0.00% |
For 2019, Patriot Bank N.a.'s most frequently cited loan purpose was Refi, with 15 originations. The 2nd most popular reason was Home Purchase, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 21 | $12,425,000 | $591,667 | $0 | 0.00% |
For 2019, Patriot Bank N.a.'s most frequently cited loan duration was Other, with 21 originations.
Loan Sizing
2019 saw Patriot Bank N.a. place emphasis on $200k-400k loans with 7 originations, totaling $1,975,000 in origination value.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 21 | $12,425,000 | $591,667 | $0 | 0.00% |
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 21 | $12,425,000 | $591,667 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Patriot Bank N.a. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination95.24%
Patriot Bank N.a. has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 21 | $12,425,000 | $591,667 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 12 | $8,770,000 | $730,833 |
| Single Family (1-4 Units):Site-Built | 9 | $3,655,000 | $406,111 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Peter T. Roach and Associates, P.C. | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |