Columbia Bank Mortgage Rates, Fees & Info

Fair Lawn, NJ

LEI: 5493005LKFCLR81TSN28

Tax ID: 22-0900560

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 small bank specializing in Home Purchase and Refi loans. Columbia Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Philadelphia, Ocean City, Trenton, and Atlantic City among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Columbia 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. 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) 3.56% 11/21/24
    30 Year Conventional Purchase 5.59% 11/21/24
    30 Year Conventional Refi 4.46% 11/21/24
    30 Year Cash-out Refi 5.40% 11/21/24
    30 Year FHA Purchase 7.04% 11/21/24
    15 Year Conventional Purchase 5.68% 11/21/24
    15 Year Conventional Refi 5.52% 11/21/24
    15 Year Cash-out Refi 5.52% 11/21/24
    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

    2,872

    Origination Dollar Volume (All Markets)

    $1,548,180,000
    Show all (7) 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) 2,373 $1,233,735,000 $519,905 $3,804 3.69%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 342 $242,170,000 $708,099 $3,657 3.67%
    OCEAN CITY, NJ (FHA|USDA|VA) 55 $25,945,000 $471,727 $4,774 4.65%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 43 $24,425,000 $568,023 $4,696 4.51%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 30 $12,650,000 $421,667 $5,196 4.25%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 11 $3,705,000 $336,818 $3,259 4.98%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 6 $1,550,000 $258,333 $4,042 4.04%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 6 $1,210,000 $201,667 $3,485 4.88%
    GLENS FALLS, NY (FHA|USDA|VA) 1 $955,000 $955,000 $4,465 6.25%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $655,000 $655,000 $6,592 2.63%
    Outside of Metro Areas 2 $620,000 $310,000 $2,093 5.25%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $405,000 $405,000 $4,899 4.38%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.13%
    Columbia Bank's top markets include New York, Philadelphia, Ocean City, Trenton, and Atlantic City among others.

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

    RSI BANK
    Similarity Rank: 30
    Schuyler Savings Bank
    Similarity Rank: 51
    North Jersey Federal Credit Union
    Similarity Rank: 124
    The First National Bank of Long Island
    Similarity Rank: 142
    N C P D Federal Credit Union
    Similarity Rank: 201
    Malvern Bank N.A.
    Similarity Rank: 441
    Nassau Educators Federal Credit Union
    Similarity Rank: 481
    American Broadcast Employees Federal Credit Union
    Similarity Rank: 540
    Penn Community Bank
    Similarity Rank: 572
    Ridgewood Savings Bank
    Similarity Rank: 644

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,328 $1,458,300,000 $626,418 $3,840 3.82%
    HELOC 543 $89,475,000 $164,779 n/a 3.40%
    FHA 1 $405,000 $405,000 $12,299 5.00%

    For 2022, Columbia Bank's most frequently originated type of loan was Conventional, with 2,328 originations. Their 2nd most popular type was HELOC, with 543 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,435 $732,115,000 $510,185 $4,296 4.02%
    Refi 488 $414,100,000 $848,566 $2,345 3.04%
    Home Improvement 364 $264,890,000 $727,720 $4,641 3.68%
    Other 342 $43,790,000 $128,041 $0 3.96%
    Cash Out Refi 243 $93,285,000 $383,889 $2,973 3.25%

    For 2022, Columbia Bank's most frequently cited loan purpose was Home Purchase, with 1,435 originations. The 2nd most popular reason was Refi, with 488 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,267 $862,395,000 $380,412 $3,973 3.64%
    15 Year 187 $55,385,000 $296,176 $3,110 3.51%
    10 Year 142 $162,740,000 $1,146,056 $1,353 4.23%
    20 Year 131 $28,325,000 $216,221 $2,525 4.17%
    Other 62 $255,430,000 $4,119,839 $2,846 5.07%
    5 Year 45 $136,915,000 $3,042,556 $31 4.24%
    30+ year 31 $25,295,000 $815,968 $6,814 4.58%
    3 Year 4 $16,530,000 $4,132,500 $0 5.44%
    1 Year 3 $5,165,000 $1,721,667 $0 3.83%

    For 2022, Columbia Bank's most frequently cited loan duration was 30 Year, with 2,267 originations. The 2nd most popular length was 15 Year, with 187 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,444 $558,550,000 $386,807
    $1k-2k 560 $309,500,000 $552,679
    $2k-3k 9 $6,905,000 $767,222
    $5k+ 8 $4,530,000 $566,250
    $3k-4k 3 $2,005,000 $668,333
    $4k-5k 2 $1,600,000 $800,000

    Columbia Bank's average total fees were $3,973, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,444 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 643 $207,805,000 $323,180
    3-4% 608 $341,270,000 $561,299
    4-5% 586 $417,770,000 $712,918
    <2.5% 482 $147,780,000 $306,598
    5-6% 459 $321,455,000 $700,338
    6-7% 83 $54,785,000 $660,060
    7-8% 9 $42,155,000 $4,683,889
    Over 8% 2 $15,160,000 $7,580,000

    During 2022, Columbia Bank's average interest rate for loans was 3.64%, while their most frequently originated rate bucket for loans was 2.5-3%, with 643 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 933 $278,745,000 $298,762 $3,107 3.54%
    $400k-600k 598 $290,100,000 $485,117 $4,215 3.98%
    $100k-200k 404 $57,840,000 $143,168 $2,003 3.21%
    $100,000 or less 398 $22,620,000 $56,834 $1,045 3.82%
    $600k-1MM 389 $284,335,000 $730,938 $5,716 4.06%
    $1MM+ 150 $614,540,000 $4,096,933 $7,594 4.36%

    2022 saw Columbia Bank place emphasis on $200k-400k loans with 933 originations, totaling $278,745,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 739 $286,875,000 $388,194 $4,299 4.12%
    $100k-150k 592 $177,220,000 $299,358 $3,568 3.93%
    $250k+ 534 $317,730,000 $595,000 $5,639 4.11%
    $75k-100k 391 $105,975,000 $271,036 $2,981 3.32%
    $50k-75k 382 $85,560,000 $223,979 $2,460 2.64%
    $50k or less 98 $16,180,000 $165,102 $2,222 2.30%

    Columbia Bank lent most frequently to those with incomes in the $150k-250k range, with 739 originations. The second most popular income band? $100k-150k, with 592 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 694 $271,830,000 $391,686 $4,283 3.90%
    30-36% 604 $221,530,000 $366,772 $3,765 3.73%
    42% 254 $52,290,000 $205,866 $3,456 3.69%
    <20% 246 $110,180,000 $447,886 $4,215 3.80%
    38% 112 $37,260,000 $332,679 $3,835 3.72%
    37% 106 $40,350,000 $380,660 $3,961 3.72%
    40% 105 $36,205,000 $344,810 $3,797 3.68%
    41% 102 $35,020,000 $343,333 $3,571 3.55%
    39% 97 $31,635,000 $326,134 $3,077 3.42%
    36% 97 $34,225,000 $352,835 $3,842 3.71%
    43% 74 $28,320,000 $382,703 $3,546 3.29%
    44% 71 $27,465,000 $386,831 $3,547 3.35%
    45% 54 $19,210,000 $355,741 $2,951 3.20%
    47% 35 $13,205,000 $377,286 $3,057 2.80%
    46% 34 $12,250,000 $360,294 $3,171 3.61%
    48% 20 $6,460,000 $323,000 $2,985 2.86%
    49% 20 $6,630,000 $331,500 $2,709 2.84%
    50-60% 12 $2,700,000 $225,000 $2,184 3.19%
    >60% 11 $2,645,000 $240,455 $3,239 3.14%

    Columbia Bank lent most frequently to those with DTI ratios of 20-30%, with 694 originations. The next most common DTI ratio? 30-36%, with 604 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,798 $622,590,000 $346,268 $3,894 3.75%
    Not applicable 116 $553,380,000 $4,770,517 $0 4.84%
    Not provided 399 $145,325,000 $364,223 $3,864 3.58%
    Asian 266 $119,490,000 $449,211 $4,373 3.90%
    Black 169 $54,875,000 $324,704 $2,933 2.99%
    Asian Indian 72 $34,880,000 $484,444 $3,628 4.08%
    American Indian 20 $6,980,000 $349,000 $3,113 2.87%
    Other Asian 12 $5,210,000 $434,167 $3,557 3.09%
    Chinese 5 $1,375,000 $275,000 $4,968 4.25%
    Filipino 5 $1,125,000 $225,000 $2,099 3.50%
    4 $1,020,000 $255,000 $2,493 2.13%
    Korean 2 $840,000 $420,000 $4,354 4.31%
    Native Hawaiian or Islander 2 $560,000 $280,000 $81 4.06%
    Samoan 1 $295,000 $295,000 $2,451 6.13%
    Other Pacific Islander 1 $235,000 $235,000 $2,285 6.00%

    Approval Rates

    Total approvals of all applications
    92.39%

    Columbia Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.07%

    Columbia Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,872 $1,548,180,000 $539,060

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,872 $1,548,180,000 $539,060

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 325 $110,065,000 $338,662 $2,124 3.40%
    40-60% 351 $172,405,000 $491,182 $3,225 3.37%
    60-80% 843 $736,335,000 $873,470 $4,245 4.01%
    80-100% 886 $416,270,000 $469,831 $4,080 3.65%
    Over 100% 14 $67,690,000 $4,835,000 $0 4.60%
    Under 20% 453 $45,415,000 $100,254 $767 3.89%