Columbia Bank Mortgage Rates, Fees & Info

Fair Lawn, NJ

LEI: 5493005LKFCLR81TSN28

Tax ID: 22-0900560

5 stars - Updated: 4/17/25 - out of 5 stars, based on 31 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • 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

    Columbia Bank is a smaller bank specializing in Home Purchase and Home Improvement loans. Columbia Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Philadelphia, Poughkeepsie, Atlantic City, and Trenton among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Columbia 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. Columbia 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.

    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) 6.72% 4/17/25
    30 Year Conventional Purchase 5.81% 4/17/25
    30 Year Conventional Refi 5.70% 4/17/25
    30 Year Cash-out Refi 7.01% 4/17/25
    30 Year FHA Purchase 6.72% 4/17/25
    30 Year VA Purchase 6.82% 4/17/25
    15 Year Conventional Purchase 6.63% 4/17/25
    15 Year Conventional Refi 6.89% 4/17/25
    15 Year Cash-out Refi 6.89% 4/17/25
    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.

    Columbia Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Columbia Bank. 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

    935

    Origination Dollar Volume (All Markets)

    $359,595,000
    Show all (6) awards

    Relative Rate

    Columbia Bank's average 30 year fixed mortgage rate was 6.53%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.02%.

    Relative Fees (Closing Costs)

    Columbia Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $1,633.

    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 $8,356.

    Top Markets

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    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) 756 $322,270,000 $426,283 $1,341 6.81%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 161 $30,055,000 $186,677 $717 6.23%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 5 $1,885,000 $377,000 $5,770 7.00%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $1,735,000 $578,333 $5,083 6.71%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 5 $1,665,000 $333,000 $3,326 6.95%
    OCEAN CITY, NJ (FHA|USDA|VA) 3 $1,445,000 $481,667 $5,725 6.96%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $455,000 $455,000 $6,538 6.38%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $85,000 $85,000 $25 7.50%
    Columbia Bank's top markets include New York, Philadelphia, Poughkeepsie, Atlantic City, and Trenton among others.

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

    • Similar Lenders

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

    County Savings Bank
    Similarity Rank: 82
    Columbia Bank
    Similarity Rank: 96
    N C P D Federal Credit Union
    Similarity Rank: 126
    BNB Bank
    Similarity Rank: 154
    FREEDOM CREDIT UNION
    Similarity Rank: 255
    ISLAND
    Similarity Rank: 260
    Peoples Security Bank and Trust Company
    Similarity Rank: 320
    PCSB Bank
    Similarity Rank: 384
    ESSA Bank & Trust
    Similarity Rank: 429
    Bogota Savings Bank
    Similarity Rank: 450

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 546 $221,470,000 $405,623 $1,233 6.34%
    HELOC 388 $137,800,000 $355,155 n/a 7.24%
    VA 1 $325,000 $325,000 $11,348 6.75%

    For 2024, Columbia Bank's most frequently originated type of loan was Conventional, with 546 originations. Their 2nd most popular type was HELOC, with 388 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 330 $193,130,000 $585,242 $1,774 5.98%
    Home Improvement 242 $84,460,000 $349,008 $719 7.22%
    Other 190 $22,540,000 $118,632 $0 7.10%
    Refi 158 $54,700,000 $346,203 $441 6.97%
    Cash Out Refi 15 $4,765,000 $317,667 $2,983 6.88%

    For 2024, Columbia Bank's most frequently cited loan purpose was Home Purchase, with 330 originations. The 2nd most popular reason was Home Improvement, with 242 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 689 $177,105,000 $257,046 $1,633 6.53%
    20 Year 71 $9,225,000 $129,930 $240 7.32%
    10 Year 62 $13,850,000 $223,387 $79 6.88%
    15 Year 44 $20,660,000 $469,545 $411 6.85%
    Other 38 $119,050,000 $3,132,895 $1,260 8.27%
    5 Year 19 $6,705,000 $352,895 $0 6.86%
    30+ year 11 $11,745,000 $1,067,727 $8,329 6.91%
    3 Year 1 $1,255,000 $1,255,000 $0 6.53%

    For 2024, Columbia Bank's most frequently cited loan duration was 30 Year, with 689 originations. The 2nd most popular length was 20 Year, with 71 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 453 $108,995,000 $240,607
    $1k-2k 74 $42,080,000 $568,649
    $2k-3k 1 $515,000 $515,000
    $4k-5k 1 $305,000 $305,000
    $5k+ 1 $505,000 $505,000

    Columbia Bank's average total fees were $1,633, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 453 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 435 $113,075,000 $259,943
    7-8% 287 $105,265,000 $366,777
    5-6% 95 $30,725,000 $323,421
    4-5% 90 $31,720,000 $352,444
    Over 8% 27 $64,755,000 $2,398,333
    3-4% 1 $14,055,000 $14,055,000

    During 2024, Columbia Bank's average interest rate for loans was 6.53%, while their most frequently originated rate bucket for loans was 6-7%, with 435 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 252 $14,730,000 $58,452 $141 6.96%
    $100k-200k 248 $34,100,000 $137,500 $430 6.85%
    $200k-400k 247 $70,315,000 $284,676 $1,344 6.59%
    $400k-600k 117 $57,065,000 $487,735 $2,086 6.14%
    $600k-1MM 39 $27,215,000 $697,821 $3,309 6.03%
    $1MM+ 32 $156,170,000 $4,880,313 $8,917 7.56%

    2024 saw Columbia Bank place emphasis on $100,000 or less loans with 252 originations, totaling $14,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 246 $49,770,000 $202,317 $1,170 7.10%
    $100k-150k 210 $52,980,000 $252,286 $973 6.51%
    $250k+ 171 $61,675,000 $360,673 $3,776 7.16%
    $75k-100k 129 $28,425,000 $220,349 $848 6.33%
    $50k-75k 95 $13,895,000 $146,263 $506 6.01%
    $50k or less 41 $4,245,000 $103,537 $654 5.89%

    Columbia Bank lent most frequently to those with incomes in the $150k-250k range, with 246 originations. The second most popular income band? $100k-150k, with 210 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 160 $32,040,000 $200,250 $1,332 6.83%
    30-36% 158 $34,800,000 $220,253 $1,224 6.71%
    42% 155 $28,715,000 $185,258 $829 6.89%
    41% 64 $13,850,000 $216,406 $889 6.51%
    40% 61 $15,835,000 $259,590 $1,167 6.66%
    43% 58 $17,760,000 $306,207 $1,359 6.37%
    37% 47 $15,235,000 $324,149 $1,750 6.43%
    38% 45 $11,285,000 $250,778 $1,268 6.49%
    39% 38 $9,180,000 $241,579 $498 6.48%
    <20% 36 $12,350,000 $343,056 $3,292 6.96%
    36% 34 $7,960,000 $234,118 $707 6.60%
    44% 28 $10,910,000 $389,643 $1,655 6.27%
    46% 7 $1,985,000 $283,571 $3,312 6.62%
    >60% 6 $580,000 $96,667 $0 7.00%
    45% 6 $1,380,000 $230,000 $295 6.42%
    49% 4 $1,620,000 $405,000 $5,401 6.81%
    50-60% 2 $410,000 $205,000 $0 6.99%
    48% 1 $45,000 $45,000 $0 7.13%
    47% 1 $375,000 $375,000 $4,165 7.38%

    Columbia Bank lent most frequently to those with DTI ratios of 20-30%, with 160 originations. The next most common DTI ratio? 30-36%, with 158 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 24 $143,280,000 $5,970,000 $0 7.88%
    White 624 $132,870,000 $212,933 $1,285 6.87%
    Not provided 144 $42,840,000 $297,500 $1,125 6.40%
    Black 85 $20,885,000 $245,706 $1,050 6.10%
    Asian 30 $10,510,000 $350,333 $1,503 6.30%
    Asian Indian 15 $5,435,000 $362,333 $3,532 6.60%
    Other Asian 3 $1,335,000 $445,000 $525 5.50%
    American Indian 4 $910,000 $227,500 $250 5.94%
    Korean 2 $640,000 $320,000 $1,223 5.00%
    Filipino 2 $490,000 $245,000 $450 5.13%
    Native Hawaiian or Islander 1 $295,000 $295,000 $525 4.50%
    1 $105,000 $105,000 $0 7.38%

    Approval Rates

    Total approvals of all applications
    83.88%

    Columbia Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    61.07%

    Columbia Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 935 $359,595,000 $384,594

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    935 $359,595,000 $384,594

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 205 $63,875,000 $311,585 $672 7.11%
    40-60% 71 $72,315,000 $1,018,521 $3,205 7.04%
    60-80% 104 $113,900,000 $1,095,192 $2,970 6.38%
    80-100% 216 $78,590,000 $363,843 $1,063 5.74%
    Over 100% 1 $325,000 $325,000 $11,348 6.75%
    Under 20% 338 $30,590,000 $90,503 $134 7.13%