Sb One Bank Mortgage Rates, Fees & Info

Franklin, NJ

LEI: 5493007GLUE4MCZ06K91

Tax ID: 22-2087704

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

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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

    Sb One Bank is a smaller bank specializing in Home Purchase and Refi loans. Sb One Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Allentown, Bridgeport, and Trenton among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Sb One 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. Sb One 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.

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    Originations

    102

    Origination Dollar Volume (All Markets)

    $100,390,000

    Awards

    SB One Bank 30 Year Conventional Loans silver
    Show all (1) 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) 97 $98,305,000 $1,013,454 $2,287 4.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $910,000 $455,000 $2,884 3.48%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $855,000 $855,000 $0 3.75%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $320,000 $160,000 $0 4.00%
    Sb One Bank's top markets include New York, Allentown, Bridgeport, and Trenton among others.

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

    • Similar Lenders

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

    The First National Bank of Long Island
    Similarity Rank: 134
    North Jersey Federal Credit Union
    Similarity Rank: 247
    N C P D Federal Credit Union
    Similarity Rank: 482
    MOUNTAIN MORTGAGE CORP.
    Similarity Rank: 538
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 668
    TEG Federal Credit Union
    Similarity Rank: 715
    Hanover Community Bank
    Similarity Rank: 727
    Roselle Bank
    Similarity Rank: 796
    Poli Mortgage Group, Inc.
    Similarity Rank: 1012
    Schuyler Savings Bank
    Similarity Rank: 1083

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 102 $100,390,000 $984,216 $2,303 3.99%

    For 2020, Sb One Bank's most frequently originated type of loan was Conventional, with 102 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 38 $25,970,000 $683,421 $4,037 4.01%
    Refi 32 $56,900,000 $1,778,125 $2,738 3.89%
    Cash Out Refi 23 $16,125,000 $701,087 $2,000 3.97%
    Home Improvement 6 $1,260,000 $210,000 $801 4.34%
    Other 3 $135,000 $45,000 $50 4.16%

    For 2020, Sb One Bank's most frequently cited loan purpose was Home Purchase, with 38 originations. The 2nd most popular reason was Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 44 $53,540,000 $1,216,818 $0 3.90%
    30 Year 22 $14,090,000 $640,455 $3,882 3.96%
    Other 19 $29,035,000 $1,528,158 $6,365 4.21%
    15 Year 9 $2,755,000 $306,111 $2,052 3.80%
    20 Year 5 $875,000 $175,000 $1,033 4.33%
    5 Year 3 $95,000 $31,667 $208 3.99%

    For 2020, Sb One Bank's most frequently cited loan duration was 10 Year, with 44 originations. The 2nd most popular length was 30 Year, with 22 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 35 $13,545,000 $387,000

    Sb One Bank's average total fees were $3,882, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 35 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 65 $83,125,000 $1,278,846
    4-5% 31 $13,735,000 $443,065
    2.5-3% 4 $1,720,000 $430,000
    5-6% 2 $1,810,000 $905,000

    During 2020, Sb One Bank's average interest rate for loans was 3.96%, while their most frequently originated rate bucket for loans was 3-4%, with 65 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 24 $11,400,000 $475,000 $3,375 3.96%
    $600k-1MM 23 $16,995,000 $738,913 $3,934 3.91%
    $200k-400k 20 $6,310,000 $315,500 $3,023 3.89%
    $1MM+ 15 $63,565,000 $4,237,667 $5,700 3.99%
    $100,000 or less 11 $695,000 $63,182 $85 4.37%
    $100k-200k 9 $1,425,000 $158,333 $1,466 4.01%

    2020 saw Sb One Bank place emphasis on $400k-600k loans with 24 originations, totaling $11,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 11 $3,035,000 $275,909 $1,632 4.11%
    $250k+ 9 $7,735,000 $859,444 $4,356 3.75%
    $50k-75k 5 $735,000 $147,000 $1,647 3.95%
    $75k-100k 5 $895,000 $179,000 $1,788 3.97%
    $100k-150k 4 $1,010,000 $252,500 $1,799 4.16%
    $50k or less 2 $100,000 $50,000 $75 4.28%

    Sb One Bank lent most frequently to those with incomes in the $150k-250k range, with 11 originations. The second most popular income band? $250k+, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 9 $3,695,000 $410,556 $2,158 4.04%
    20-30% 7 $1,835,000 $262,143 $2,200 3.94%
    <20% 5 $3,065,000 $613,000 $2,335 3.91%
    37% 4 $520,000 $130,000 $768 4.20%
    36% 3 $1,695,000 $565,000 $3,308 3.75%
    41% 3 $685,000 $228,333 $1,628 4.38%
    39% 2 $840,000 $420,000 $3,265 3.31%
    40% 2 $1,050,000 $525,000 $3,798 3.88%
    42% 2 $730,000 $365,000 $3,378 3.88%

    Sb One Bank lent most frequently to those with DTI ratios of 30-36%, with 9 originations. The next most common DTI ratio? 20-30%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 63 $85,375,000 $1,355,159 $0 4.00%
    White 36 $13,860,000 $385,000 $2,246 3.98%
    Not provided 2 $730,000 $365,000 $3,073 3.75%
    Asian Indian 1 $425,000 $425,000 $3,496 3.75%

    Approval Rates

    Total approvals of all applications
    87.94%

    Sb One Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.41%

    Sb One Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 102 $100,390,000 $984,216

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 33 $70,735,000 $2,143,485
    Single Family (1-4 Units):Site-Built 69 $29,655,000 $429,783

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $3,740,000 $467,500 $1,122 4.18%
    40-60% 19 $9,225,000 $485,526 $1,088 4.30%
    60-80% 60 $81,740,000 $1,362,333 $3,770 3.86%
    80-100% 6 $1,560,000 $260,000 $2,637 3.79%
    Over 100% 1 $1,955,000 $1,955,000 $0 4.40%
    Under 20% 8 $2,170,000 $271,250 $104 4.11%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    SB One Bank 100 Route 206 Augusta, NJ 7822 Full Service B&M $43,920
    SB One Bank 1000 Avenue At Port Imperial Weehawken, NJ 7086 Full Service B&M $37,127
    SB One Bank 12-79 River Road Fair Lawn, NJ 7410 Full Service B&M $50,878
    SB One Bank 125 West Pleasant Avenue Maywood, NJ 7607 Full Service B&M $138,794
    SB One Bank 15 Trinity Street Newton, NJ 7860 Full Service B&M $142,780
    SB One Bank 190 Wilson Ave Newark, NJ 7105 Full Service B&M $43,194
    SB One Bank 210 Rochelle Avenue Rochelle Park, NJ 7662 Full Service B&M $109,193
    SB One Bank 266 Clove Road Montague, NJ 7827 Full Service B&M $57,250
    SB One Bank 278 Route 23 Sussex, NJ 7461 Full Service B&M $78,358
    SB One Bank 28-21 Astoria Blvd. Astoria, NY 11102 Full Service B&M $127,459
    SB One Bank 296 Kinderkamack Road Oradell, NJ 7649 Full Service B&M $145,576
    SB One Bank 324 Broad Street Bloomfield, NJ 7003 Full Service B&M $21,869
    SB One Bank 33 Main Street Sparta, NJ 7871 Full Service B&M $67,823
    SB One Bank 3900 Park Avenue, Suite 108 Edison, NJ 8820 Full Service B&M $55,775
    SB One Bank 399 Route 23 Franklin, NJ 7416 Full Service B&M $502,722
    SB One Bank 430 Schooley's Mtn Rd Hackettstown, NJ 7840 Limited, Mobile/Seasonal Office $2,770
    SB One Bank 490 Boulevard Kenilworth, NJ 7033 Full Service B&M $63,137
    SB One Bank 7 Church Street Vernon, NJ 7462 Full Service B&M $46,860

    For 2020, Sb One Bank had 18 branches.

    Yearly Performance Overview