Presidential Bank Fsb Mortgage Rates, Fees & Info

Bethesda, MD

LEI: 54930078TNN7GKZ7NU89

Tax ID: 52-1377663

3.6 stars - Updated: 7/14/24 - out of 5 stars, based on 38 reviews

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

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Mortgage Data

Review & Overview

Presidential Bank Fsb is a smaller bank specializing in Home Purchase loans. Presidential Bank Fsb has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Baltimore, Richmond, Virginia Beach, and Atlanta among others. We have data for 142 markets. (Some data included below & more in-depth data is available with an active subscription.)

Presidential Bank Fsb 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. Presidential Bank Fsb is typically a high 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 relatively high 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
30 Year Conventional Purchase 6.69% 7/14/24
30 Year Conventional Refi 7.20% 7/14/24
30 Year Cash-out Refi 6.80% 7/14/24
30 Year FHA Purchase 7.48% 7/14/24
30 Year FHA Refi 7.24% 7/14/24
30 Year VA Purchase 6.32% 7/14/24
30 Year VA Refi 6.01% 7/14/24
30 Year USDA Purchase 6.64% 7/14/24
15 Year Conventional Purchase 6.05% 7/14/24
15 Year Conventional Refi 6.16% 7/14/24
15 Year Cash-out Refi 6.16% 7/14/24
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.

Presidential Bank Fsb Mortgage Calculator






Your Estimates

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

This is not an official calculator from Presidential Bank Fsb. 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

1,463

Origination Dollar Volume (All Markets)

$570,225,000

Awards

Presidential Bank FSB FHA Loans bronze Presidential Bank FSB VA Loans silver Presidential Bank FSB VA Loans silver Presidential Bank FSB VA Loans silver
Show all (4) awards

Relative Rate

Presidential Bank Fsb's average 30 year fixed mortgage rate was 6.71%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.23%.

Relative Fees (Closing Costs)

Presidential Bank Fsb's average total fees/closing costs for a 30 year fixed rate mortgage were $9,809.

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 $9,089.

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
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 406 $189,000,000 $465,517 $11,110 6.60%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 226 $85,850,000 $379,867 $10,920 6.72%
RICHMOND, VA (FHA|USDA|VA) 229 $60,545,000 $264,389 $8,388 6.77%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 66 $26,440,000 $400,606 $8,113 6.83%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 52 $19,410,000 $373,269 $11,034 7.17%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 40 $15,190,000 $379,750 $10,585 6.54%
Outside of Metro Areas 56 $12,660,000 $226,071 $6,986 6.87%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 29 $11,105,000 $382,931 $9,092 6.50%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 37 $10,505,000 $283,919 $7,977 6.89%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 18 $8,070,000 $448,333 $8,349 6.46%
JACKSONVILLE, FL (FHA|USDA|VA) 11 $5,425,000 $493,182 $11,815 6.67%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 14 $5,180,000 $370,000 $9,569 6.71%
SALISBURY, MD-DE (FHA|USDA|VA) 13 $5,155,000 $396,538 $7,051 6.93%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 9 $4,575,000 $508,333 $12,318 6.50%
OCEAN CITY, NJ (FHA|USDA|VA) 6 $3,270,000 $545,000 $11,064 7.48%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 6 $3,260,000 $543,333 $11,437 6.90%
MOBILE, AL (FHA|USDA|VA) 12 $3,250,000 $270,833 $6,686 6.10%
ASHEVILLE, NC (FHA|USDA|VA) 2 $3,010,000 $1,505,000 $0 7.50%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $2,845,000 $948,333 $6,482 6.91%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $2,640,000 $660,000 $13,487 6.91%
Payson, AZ (FHA|USDA|VA) 1 $2,575,000 $2,575,000 $0 7.50%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 6 $2,450,000 $408,333 $10,314 6.06%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 7 $2,315,000 $330,714 $6,658 6.77%
SPARTANBURG, SC (FHA|USDA|VA) 3 $2,185,000 $728,333 $11,587 6.92%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $2,125,000 $708,333 $5,657 7.33%
WINCHESTER, VA-WV (FHA|USDA|VA) 7 $2,025,000 $289,286 $7,775 6.59%
Elkins, WV (FHA|USDA|VA) 1 $1,995,000 $1,995,000 $0 7.00%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $1,985,000 $1,985,000 $0 8.00%
COLUMBUS, OH (FHA|USDA|VA) 2 $1,960,000 $980,000 $6,477 7.25%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 4 $1,940,000 $485,000 $15,325 6.56%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $1,800,000 $450,000 $20,390 6.47%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 7 $1,755,000 $250,714 $8,474 7.14%
New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $1,755,000 $1,755,000 $0 7.50%
Ellensburg, WA (FHA|USDA|VA) 1 $1,755,000 $1,755,000 $14,650 6.50%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $1,670,000 $417,500 $8,276 6.97%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 4 $1,650,000 $412,500 $4,033 6.91%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $1,620,000 $810,000 $3,912 6.81%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $1,565,000 $1,565,000 $0 7.00%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $1,525,000 $1,525,000 $0 7.50%
Cambridge, MD (FHA|USDA|VA) 6 $1,520,000 $253,333 $8,630 7.31%
JACKSON, MS (FHA|USDA|VA) 3 $1,465,000 $488,333 $13,037 5.92%
GAINESVILLE, FL (FHA|USDA|VA) 1 $1,455,000 $1,455,000 $0 7.50%
Kill Devil Hills, NC (FHA|USDA|VA) 4 $1,410,000 $352,500 $10,151 6.16%
Elizabeth City, NC (FHA|USDA|VA) 5 $1,395,000 $279,000 $11,044 6.40%
BRUNSWICK, GA (FHA|USDA|VA) 4 $1,390,000 $347,500 $10,006 6.59%
YORK-HANOVER, PA (FHA|USDA|VA) 4 $1,270,000 $317,500 $4,411 6.75%
FAYETTEVILLE, NC (FHA|USDA|VA) 5 $1,225,000 $245,000 $12,076 7.12%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $1,185,000 $1,185,000 $0 7.50%
GETTYSBURG, PA (FHA|USDA|VA) 4 $1,170,000 $292,500 $6,742 6.97%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $1,110,000 $277,500 $6,109 6.90%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 5 $1,065,000 $213,000 $7,138 6.03%
Martinsville, VA (FHA|USDA|VA) 2 $1,030,000 $515,000 $9,438 7.69%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $995,000 $995,000 $16,790 6.13%
BURLINGTON, NC (FHA|USDA|VA) 1 $975,000 $975,000 $0 7.50%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 2 $970,000 $485,000 $11,585 7.81%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $940,000 $470,000 $8,081 6.44%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $915,000 $915,000 $14,812 5.63%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $910,000 $455,000 $6,022 7.06%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $900,000 $450,000 $11,941 6.69%
Tifton, GA (FHA|USDA|VA) 1 $845,000 $845,000 $0 7.50%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $805,000 $805,000 $18,102 6.88%
DOVER, DE (FHA|USDA|VA) 2 $800,000 $400,000 $11,857 5.94%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $780,000 $390,000 $16,282 7.31%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $765,000 $255,000 $5,944 7.50%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 4 $750,000 $187,500 $8,805 6.65%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $745,000 $745,000 $13,425 6.88%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $690,000 $345,000 $7,907 7.31%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $690,000 $345,000 $5,820 7.25%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $645,000 $645,000 $21,918 6.13%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $630,000 $315,000 $8,217 6.81%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $615,000 $615,000 $4,544 7.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $610,000 $305,000 $6,900 5.88%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $605,000 $605,000 $12,556 7.13%
ROANOKE, VA (FHA|USDA|VA) 1 $575,000 $575,000 $10,454 5.88%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $565,000 $565,000 $6,009 6.38%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $555,000 $555,000 $14,806 5.99%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $555,000 $555,000 $6,307 8.12%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $535,000 $535,000 $0 7.50%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $530,000 $265,000 $4,999 6.56%
URBAN HONOLULU, HI (FHA|USDA|VA) 1 $505,000 $505,000 $9,615 6.25%
SAVANNAH, GA (FHA|USDA|VA) 2 $500,000 $250,000 $6,935 7.38%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $485,000 $485,000 $12,020 7.99%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $485,000 $485,000 $24,327 6.13%
LYNCHBURG, VA (FHA|USDA|VA) 2 $480,000 $240,000 $9,635 6.25%
COLUMBIA, SC (FHA|USDA|VA) 2 $470,000 $235,000 $4,763 6.63%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $460,000 $230,000 $6,452 5.88%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $435,000 $435,000 $12,480 6.75%
EL PASO, TX (FHA|USDA|VA) 1 $435,000 $435,000 $19,824 5.75%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $435,000 $435,000 $8,016 6.25%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $435,000 $435,000 $3,952 6.63%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $425,000 $425,000 $7,746 7.13%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $425,000 $425,000 $12,676 7.75%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $425,000 $425,000 $8,051 6.50%
Gaffney, SC (FHA|USDA|VA) 2 $420,000 $210,000 $5,709 7.31%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $420,000 $210,000 $63 6.94%
MADISON, WI (FHA|USDA|VA) 1 $415,000 $415,000 $12,825 5.63%
GAINESVILLE, GA (FHA|USDA|VA) 1 $405,000 $405,000 $8,720 7.75%
Astoria, OR (FHA|USDA|VA) 1 $405,000 $405,000 $14,923 6.99%
STAUNTON, VA (FHA|USDA|VA) 1 $405,000 $405,000 $12,939 5.75%
RENO, NV (FHA|USDA|VA) 1 $385,000 $385,000 $11,198 6.99%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $385,000 $385,000 $11,700 6.75%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $380,000 $190,000 $5,022 6.44%
Wapakoneta, OH (FHA|USDA|VA) 1 $375,000 $375,000 $13,726 6.75%
Jesup, GA (FHA|USDA|VA) 1 $365,000 $365,000 $12,461 6.75%
HINESVILLE, GA (FHA|USDA|VA) 2 $360,000 $180,000 $8,254 5.81%
DOTHAN, AL (FHA|USDA|VA) 1 $345,000 $345,000 $4,288 5.63%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $325,000 $325,000 $0 8.00%
Keene, NH (FHA|USDA|VA) 1 $315,000 $315,000 $6,955 7.50%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $315,000 $315,000 $6,423 6.25%
Auburn, NY (FHA|USDA|VA) 1 $305,000 $305,000 $9,040 6.50%
OCALA, FL (FHA|USDA|VA) 1 $305,000 $305,000 $8,189 5.88%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $295,000 $295,000 $10,960 7.25%
Easton, MD (FHA|USDA|VA) 1 $285,000 $285,000 $7,630 7.13%
LAWTON, OK (FHA|USDA|VA) 2 $270,000 $135,000 $6,270 6.69%
Concord, NH (FHA|USDA|VA) 1 $265,000 $265,000 $5,876 6.99%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $265,000 $265,000 $6,767 7.38%
Milledgeville, GA (FHA|USDA|VA) 1 $265,000 $265,000 $10,683 6.25%
Calhoun, GA (FHA|USDA|VA) 1 $255,000 $255,000 $4,761 7.13%
Vicksburg, MS (FHA|USDA|VA) 1 $255,000 $255,000 $9,975 6.25%
Moultrie, GA (FHA|USDA|VA) 2 $250,000 $125,000 $5,231 6.75%
Douglas, GA (FHA|USDA|VA) 1 $245,000 $245,000 $8,144 6.75%
LANCASTER, PA (FHA|USDA|VA) 1 $245,000 $245,000 $5,676 6.50%
ABILENE, TX (FHA|USDA|VA) 1 $235,000 $235,000 $8,964 5.75%
LAFAYETTE, LA (FHA|USDA|VA) 1 $225,000 $225,000 $8,715 5.75%
THE VILLAGES, FL (FHA|USDA|VA) 1 $225,000 $225,000 $5,214 6.63%
FORT COLLINS, CO (FHA|USDA|VA) 1 $225,000 $225,000 $0 7.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $215,000 $215,000 $6,073 5.99%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $205,000 $205,000 $6,975 6.50%
HARRISONBURG, VA (FHA|USDA|VA) 1 $205,000 $205,000 $5,528 6.63%
Coos Bay, OR (FHA|USDA|VA) 1 $205,000 $205,000 $3,761 7.50%
LOGAN, UT-ID (FHA|USDA|VA) 1 $205,000 $205,000 $5,199 6.13%
Kingsville, TX (FHA|USDA|VA) 1 $195,000 $195,000 $2,291 7.25%
VICTORIA, TX (FHA|USDA|VA) 1 $195,000 $195,000 $8,538 5.75%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $195,000 $195,000 $8,776 7.50%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $195,000 $195,000 $5,243 6.88%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $185,000 $185,000 $0 7.50%
Oxford, MS (FHA|USDA|VA) 1 $175,000 $175,000 $5,939 7.75%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $175,000 $175,000 $0 7.50%
PEORIA, IL (FHA|USDA|VA) 1 $145,000 $145,000 $4,071 6.63%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $105,000 $105,000 $4,816 6.88%
MUNCIE, IN (FHA|USDA|VA) 1 $95,000 $95,000 $0 8.13%
Brevard, NC (FHA|USDA|VA) 1 $75,000 $75,000 $4,233 7.50%
Presidential Bank Fsb's top markets include Washington, Baltimore, Richmond, Virginia Beach, and Atlanta among others.

Their top states include:
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 955 $378,095,000 $395,911 $8,324 6.84%
    VA 261 $114,065,000 $437,031 $11,305 6.37%
    FHA 231 $74,205,000 $321,234 $13,575 6.65%
    USDA 16 $3,860,000 $241,250 $8,869 6.53%

    For 2023, Presidential Bank Fsb's most frequently originated type of loan was Conventional, with 955 originations. Their 2nd most popular type was VA, with 261 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,346 $524,970,000 $390,022 $9,835 6.70%
    Refi 58 $27,780,000 $478,966 $10,387 7.03%
    Cash Out Refi 54 $15,480,000 $286,667 $7,916 6.93%
    Other 3 $705,000 $235,000 $4,407 7.33%
    Home Improvement 2 $1,290,000 $645,000 $0 7.31%

    For 2023, Presidential Bank Fsb's most frequently cited loan purpose was Home Purchase, with 1,346 originations. The 2nd most popular reason was Refi, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,422 $535,200,000 $376,371 $9,809 6.71%
    10 Year 18 $23,070,000 $1,281,667 $5,481 7.45%
    15 Year 7 $1,825,000 $260,714 $7,436 5.96%
    5 Year 6 $6,520,000 $1,086,667 $0 7.75%
    20 Year 4 $1,400,000 $350,000 $7,517 6.44%
    3 Year 4 $650,000 $162,500 $3,949 9.50%
    Other 2 $1,560,000 $780,000 $18,464 7.69%

    For 2023, Presidential Bank Fsb's most frequently cited loan duration was 30 Year, with 1,422 originations. The 2nd most popular length was 10 Year, with 18 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 562 $277,250,000 $493,327
    $1k-2k 255 $90,005,000 $352,961
    $4k-5k 155 $48,935,000 $315,710
    $2k-3k 149 $37,895,000 $254,329
    $3k-4k 146 $42,950,000 $294,178
    $<1k 108 $28,070,000 $259,907

    Presidential Bank Fsb's average total fees were $9,809, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 562 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 769 $288,515,000 $375,182
    7-8% 416 $172,870,000 $415,553
    5-6% 254 $102,860,000 $404,961
    Over 8% 22 $5,550,000 $252,273
    4-5% 2 $430,000 $215,000

    During 2023, Presidential Bank Fsb's average interest rate for loans was 6.71%, while their most frequently originated rate bucket for loans was 6-7%, with 769 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 680 $200,770,000 $295,250 $8,852 6.69%
    $400k-600k 349 $168,645,000 $483,223 $11,654 6.71%
    $100k-200k 182 $28,540,000 $156,813 $6,241 6.81%
    $600k-1MM 156 $115,400,000 $739,744 $14,864 6.61%
    $100,000 or less 59 $2,405,000 $40,763 $1,883 7.03%
    $1MM+ 37 $54,465,000 $1,472,027 $17,183 7.00%

    2023 saw Presidential Bank Fsb place emphasis on $200k-400k loans with 680 originations, totaling $200,770,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 390 $142,950,000 $366,538 $10,397 6.74%
    $150k-250k 319 $151,485,000 $474,875 $11,294 6.71%
    $75k-100k 261 $74,845,000 $286,762 $8,856 6.63%
    $50k-75k 236 $50,130,000 $212,415 $7,176 6.72%
    $250k+ 166 $110,480,000 $665,542 $12,565 6.80%
    $50k or less 65 $9,395,000 $144,538 $5,946 6.50%

    Presidential Bank Fsb lent most frequently to those with incomes in the $100k-150k range, with 390 originations. The second most popular income band? $150k-250k, with 319 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 223 $86,995,000 $390,112 $9,764 6.67%
    20-30% 188 $70,160,000 $373,191 $8,422 6.64%
    49% 84 $32,690,000 $389,167 $11,916 6.69%
    41% 76 $27,460,000 $361,316 $8,967 6.77%
    47% 75 $28,555,000 $380,733 $10,234 6.77%
    45% 75 $23,615,000 $314,867 $9,414 6.77%
    38% 72 $25,620,000 $355,833 $9,201 6.74%
    42% 71 $29,905,000 $421,197 $10,155 6.94%
    40% 67 $26,375,000 $393,657 $9,842 6.79%
    44% 67 $25,925,000 $386,940 $9,753 6.72%
    50-60% 66 $26,790,000 $405,909 $13,240 6.49%
    48% 60 $22,850,000 $380,833 $10,691 6.46%
    39% 59 $21,215,000 $359,576 $8,617 6.87%
    37% 57 $21,755,000 $381,667 $9,842 6.65%
    36% 54 $21,420,000 $396,667 $10,081 6.62%
    43% 52 $18,930,000 $364,038 $10,023 6.90%
    46% 47 $15,505,000 $329,894 $9,327 6.66%
    <20% 46 $14,070,000 $305,870 $7,809 6.83%

    Presidential Bank Fsb lent most frequently to those with DTI ratios of 30-36%, with 223 originations. The next most common DTI ratio? 20-30%, with 188 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 895 $339,725,000 $379,581 $9,496 6.71%
    Not provided 249 $88,645,000 $356,004 $9,682 6.73%
    Black 165 $59,725,000 $361,970 $11,170 6.67%
    Asian 111 $44,955,000 $405,000 $10,527 6.72%
    Not applicable 24 $30,390,000 $1,266,250 $0 7.55%
    American Indian 17 $5,195,000 $305,588 $8,863 6.66%
    Native Hawaiian or Islander 2 $1,590,000 $795,000 $7,550 6.69%

    Approval Rates

    Total approvals of all applications
    95.44%

    Presidential Bank Fsb 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
    87.01%

    Presidential Bank Fsb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,463 $570,225,000 $389,764

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,463 $570,225,000 $389,764

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $12,045,000 $293,780 $5,564 6.84%
    40-60% 85 $33,335,000 $392,176 $6,750 6.91%
    60-80% 328 $139,990,000 $426,799 $9,017 6.87%
    80-100% 874 $345,280,000 $395,057 $10,219 6.68%
    Over 100% 90 $37,000,000 $411,111 $15,882 6.26%
    Under 20% 45 $2,575,000 $57,222 $1,340 6.99%