The Honesdale National Bank Mortgage Rates, Fees & Info

Honesdale, PA

LEI: 549300458LCI17J5BY03

Tax ID: 24-0614415

5 stars - out of 5 stars, based on 26 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    The Honesdale National Bank is a smaller bank specializing in Home Purchase and Refi loans. The Honesdale National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Scranton, New York, Bloomsburg, Sayre, and Williamsport among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Honesdale National 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. The Honesdale National Bank is typically an average 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
    Home Equity Line of Credit (HELOC) 2.83% 3/27/23
    30 Year Conventional Purchase 6.65% 3/27/23
    30 Year Conventional Refi 6.62% 3/27/23
    15 Year Conventional Purchase 6.27% 3/27/23
    15 Year Conventional Refi 5.93% 3/27/23
    15 Year Cash-out Refi 5.93% 3/27/23
    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.


    Originations

    660

    Origination Dollar Volume (All Markets)

    $107,300,000

    Awards

    The Honesdale National Bank 30 Year Conventional Loans gold
    Show all (1) awards

    Relative Rate

    The Honesdale National Bank's average 30 year fixed mortgage rate was 4.87%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.11%.

    Relative Fees (Closing Costs)

    The Honesdale National Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,814.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    Outside of Metro Areas 336 $48,680,000 $144,881 $3,635 4.22%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 244 $35,250,000 $144,467 $3,387 4.64%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 58 $12,910,000 $222,586 $5,708 4.16%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 2 $3,720,000 $1,860,000 $4,015 4.00%
    Sayre, PA (FHA|USDA|VA) 1 $1,855,000 $1,855,000 $0 4.50%
    WILLIAMSPORT, PA (FHA|USDA|VA) 1 $1,845,000 $1,845,000 $0 5.00%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 9 $1,715,000 $190,556 $0 5.16%
    BINGHAMTON, NY (FHA|USDA|VA) 4 $650,000 $162,500 $7,407 4.52%
    Corning, NY (FHA|USDA|VA) 3 $475,000 $158,333 $0 5.17%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $200,000 $100,000 $0 5.75%
    The Honesdale National Bank's top markets include Scranton, New York, Bloomsburg, Sayre, and Williamsport among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The Honesdale National 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: 306
    ESSA Bank & Trust
    Similarity Rank: 312
    CROSS VALLEY FEDERAL CREDIT UNION
    Similarity Rank: 318
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 326
    Schuyler Savings Bank
    Similarity Rank: 352
    The First National Bank of Long Island
    Similarity Rank: 374
    First Keystone Community Bank
    Similarity Rank: 533
    The Atlantic Federal Credit Union
    Similarity Rank: 588
    U S WIDE FINANCIAL LLC
    Similarity Rank: 624
    First Columbia Bank & Trust Co.
    Similarity Rank: 684

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 414 $84,840,000 $204,928 $3,802 4.83%
    HELOC 246 $22,460,000 $91,301 n/a 3.65%

    For 2022, The Honesdale National Bank's most frequently originated type of loan was Conventional, with 414 originations. Their 2nd most popular type was HELOC, with 246 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 234 $61,900,000 $264,530 $5,478 4.89%
    Refi 179 $25,235,000 $140,978 $2,476 4.14%
    Other 167 $12,845,000 $76,916 $453 4.01%
    Home Improvement 80 $7,320,000 $91,500 $650 4.30%

    For 2022, The Honesdale National Bank's most frequently cited loan purpose was Home Purchase, with 234 originations. The 2nd most popular reason was Refi, with 179 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30+ year 273 $32,855,000 $120,348 $8,105 3.70%
    20 Year 138 $23,590,000 $170,942 $2,248 5.02%
    30 Year 125 $27,575,000 $220,600 $4,814 4.87%
    15 Year 69 $14,935,000 $216,449 $1,795 4.47%
    10 Year 28 $1,990,000 $71,071 $129 5.01%
    Other 16 $4,930,000 $308,125 $3,920 5.04%
    5 Year 9 $1,075,000 $119,444 $64 4.83%
    1 Year 2 $350,000 $175,000 $0 6.88%

    For 2022, The Honesdale National Bank's most frequently cited loan duration was 30+ year, with 273 originations. The 2nd most popular length was 20 Year, with 138 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 145 $20,085,000 $138,517
    $1k-2k 55 $8,035,000 $146,091
    $2k-3k 23 $5,075,000 $220,652
    $3k-4k 20 $6,470,000 $323,500
    $5k+ 14 $7,090,000 $506,429
    $4k-5k 12 $4,530,000 $377,500

    The Honesdale National Bank's average total fees were $4,814, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 145 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 170 $34,400,000 $202,353
    5-6% 145 $27,065,000 $186,655
    3-4% 135 $22,905,000 $169,667
    <2.5% 102 $10,400,000 $101,961
    6-7% 75 $7,775,000 $103,667
    7-8% 17 $2,345,000 $137,941
    2.5-3% 10 $2,070,000 $207,000
    Over 8% 6 $340,000 $56,667

    During 2022, The Honesdale National Bank's average interest rate for loans was 4.87%, while their most frequently originated rate bucket for loans was 4-5%, with 170 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 284 $15,760,000 $55,493 $1,130 4.31%
    $100k-200k 207 $28,655,000 $138,430 $3,508 4.36%
    $200k-400k 127 $33,375,000 $262,795 $5,253 4.54%
    $400k-600k 27 $12,415,000 $459,815 $8,533 4.93%
    $600k-1MM 10 $7,420,000 $742,000 $10,253 3.95%
    $1MM+ 5 $9,675,000 $1,935,000 $15,133 4.55%

    2022 saw The Honesdale National Bank place emphasis on $100,000 or less loans with 284 originations, totaling $15,760,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 123 $17,535,000 $142,561 $4,045 4.37%
    $50k-75k 114 $11,340,000 $99,474 $2,730 4.19%
    $75k-100k 92 $10,570,000 $114,891 $3,076 4.11%
    $150k-250k 78 $14,540,000 $186,410 $5,419 4.45%
    $50k or less 75 $5,415,000 $72,200 $2,370 4.20%
    $250k+ 49 $16,925,000 $345,408 $6,727 4.47%

    The Honesdale National Bank lent most frequently to those with incomes in the $100k-150k range, with 123 originations. The second most popular income band? $50k-75k, with 114 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 121 $18,325,000 $151,446 $3,891 4.37%
    30-36% 100 $12,750,000 $127,500 $3,026 4.40%
    <20% 50 $8,220,000 $164,400 $4,597 4.26%
    42% 30 $3,800,000 $126,667 $3,470 4.09%
    39% 26 $3,970,000 $152,692 $3,449 4.12%
    37% 25 $3,015,000 $120,600 $2,872 3.84%
    40% 22 $2,860,000 $130,000 $3,379 3.74%
    43% 21 $3,735,000 $177,857 $7,136 4.20%
    38% 21 $2,155,000 $102,619 $3,025 3.91%
    36% 21 $3,025,000 $144,048 $3,810 4.21%
    41% 19 $3,025,000 $159,211 $4,196 3.65%
    45% 12 $1,830,000 $152,500 $5,203 4.98%
    44% 9 $1,715,000 $190,556 $5,715 4.04%
    46% 6 $1,310,000 $218,333 $7,112 4.48%
    48% 5 $505,000 $101,000 $2,498 1.59%
    47% 4 $750,000 $187,500 $4,117 5.44%
    50-60% 3 $315,000 $105,000 $1,874 2.91%
    49% 2 $450,000 $225,000 $9,498 5.48%

    The Honesdale National Bank lent most frequently to those with DTI ratios of 20-30%, with 121 originations. The next most common DTI ratio? 30-36%, with 100 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 536 $75,350,000 $140,578 $3,747 4.28%
    Not applicable 104 $27,890,000 $268,173 $0 5.02%
    Not provided 16 $2,900,000 $181,250 $4,340 3.87%
    Asian 3 $975,000 $325,000 $8,875 5.33%
    Black 1 $185,000 $185,000 $4,222 6.00%

    Approval Rates

    Total approvals of all applications
    95.70%

    The Honesdale National 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 origination
    88.94%

    The Honesdale National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 660 $107,300,000 $162,576

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    660 $107,300,000 $162,576

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 151 $13,015,000 $86,192 $1,380 3.94%
    40-60% 94 $16,250,000 $172,872 $3,532 4.18%
    60-80% 195 $44,045,000 $225,872 $4,597 4.78%
    80-100% 98 $28,060,000 $286,327 $5,611 4.72%
    Under 20% 121 $5,775,000 $47,727 $430 4.23%