Bridgeview Mortgage Corp. Rates, Fees & Info

FRANKLIN SQUARE, NY

LEI: 5493007XV974105FQA68

Tax ID: 81-0611149

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Mortgage Data

Review & Overview

Bridgeview Mortgage Corp. is a smaller mortgage company specializing in Home Purchase loans. Bridgeview Mortgage Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: New York, Punta Gorda, Miami, Bridgeport, and Marion among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bridgeview Mortgage Corp. has an above average approval rate when compared to the average across all lenders. Bridgeview Mortgage Corp. 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 6.71% 11/17/24
30 Year Conventional Refi 6.92% 11/17/24
30 Year Cash-out Refi 6.27% 11/17/24
30 Year FHA Purchase 7.60% 11/17/24
30 Year FHA Refi 7.73% 11/17/24
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.

Bridgeview Mortgage Corp. Mortgage Calculator






Your Estimates

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

This is not an official calculator from Bridgeview Mortgage Corp.. 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

48

Origination Dollar Volume (All Markets)

$20,640,000

Awards

BRIDGEVIEW MORTGAGE CORP. FHA 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) 31 $15,785,000 $509,194 $17,106 5.19%
PUNTA GORDA, FL (FHA|USDA|VA) 6 $1,270,000 $211,667 $9,002 5.10%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $925,000 $308,333 $13,616 5.63%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $850,000 $425,000 $9,419 5.50%
Marion, NC (FHA|USDA|VA) 1 $545,000 $545,000 $4,699 4.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $345,000 $345,000 $18,561 4.50%
Outside of Metro Areas 1 $305,000 $305,000 $9,841 6.50%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $285,000 $285,000 $16,200 4.38%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $205,000 $205,000 $8,573 4.88%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.63%
Bridgeview Mortgage Corp.'s top markets include New York, Punta Gorda, Miami, Bridgeport, and Marion among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against BRIDGEVIEW MORTGAGE CORP. 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
    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 94
    North Jersey Federal Credit Union
    Similarity Rank: 124
    We Florida Financial
    Similarity Rank: 156
    N C P D Federal Credit Union
    Similarity Rank: 201
    Ridgewood Savings Bank
    Similarity Rank: 644

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 37 $15,325,000 $414,189 $12,996 5.36%
    FHA 11 $5,315,000 $483,182 $21,272 4.52%

    For 2022, Bridgeview Mortgage Corp.'s most frequently originated type of loan was Conventional, with 37 originations. Their 2nd most popular type was FHA, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 40 $18,080,000 $452,000 $15,768 5.11%
    Refi 8 $2,560,000 $320,000 $10,865 5.47%

    For 2022, Bridgeview Mortgage Corp.'s most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 48 $20,640,000 $430,000 $14,933 5.17%

    For 2022, Bridgeview Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 48 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 41 $18,615,000 $454,024
    $1k-2k 2 $410,000 $205,000
    $3k-4k 2 $710,000 $355,000
    $4k-5k 2 $360,000 $180,000
    $2k-3k 1 $545,000 $545,000

    Bridgeview Mortgage Corp.'s average total fees were $14,933, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 41 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 16 $7,220,000 $451,250
    5-6% 16 $6,590,000 $411,875
    6-7% 8 $3,110,000 $388,750
    3-4% 7 $3,195,000 $456,429
    7-8% 1 $525,000 $525,000

    During 2022, Bridgeview Mortgage Corp.'s average interest rate for loans was 5.17%, while their most frequently originated rate bucket for loans was 4-5%, with 16 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 18 $9,170,000 $509,444 $14,386 5.43%
    $200k-400k 17 $4,835,000 $284,412 $10,931 5.12%
    $600k-1MM 9 $5,985,000 $665,000 $25,478 4.71%
    $100k-200k 4 $650,000 $162,500 $9,260 5.25%

    2022 saw Bridgeview Mortgage Corp. place emphasis on $400k-600k loans with 18 originations, totaling $9,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 15 $7,595,000 $506,333 $19,446 5.29%
    $250k+ 9 $4,755,000 $528,333 $13,688 4.99%
    $75k-100k 9 $3,435,000 $381,667 $14,123 5.08%
    $150k-250k 8 $3,040,000 $380,000 $9,950 5.56%
    $50k-75k 5 $1,485,000 $297,000 $14,757 4.70%
    $50k or less 2 $330,000 $165,000 $8,209 5.13%

    Bridgeview Mortgage Corp. lent most frequently to those with incomes in the $100k-150k range, with 15 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
    50-60% 6 $3,500,000 $583,333 $24,491 4.31%
    20-30% 6 $2,330,000 $388,333 $11,132 4.81%
    49% 5 $2,405,000 $481,000 $19,172 5.25%
    48% 5 $2,295,000 $459,000 $15,481 5.80%
    30-36% 4 $1,940,000 $485,000 $10,925 4.78%
    43% 4 $1,350,000 $337,500 $11,696 5.69%
    40% 4 $1,210,000 $302,500 $12,844 4.81%
    <20% 3 $1,655,000 $551,667 $14,994 5.13%
    46% 3 $1,485,000 $495,000 $17,199 5.83%
    44% 2 $650,000 $325,000 $15,083 4.69%
    36% 2 $620,000 $310,000 $10,791 6.06%
    45% 1 $205,000 $205,000 $3,786 5.25%
    41% 1 $295,000 $295,000 $10,170 5.50%
    38% 1 $535,000 $535,000 $14,122 5.38%
    42% 1 $165,000 $165,000 $9,424 6.63%

    Bridgeview Mortgage Corp. lent most frequently to those with DTI ratios of 50-60%, with 6 originations. The next most common DTI ratio? 20-30%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 35 $13,325,000 $380,714 $12,534 5.24%
    Asian 7 $4,265,000 $609,286 $23,816 5.09%
    Black 6 $3,050,000 $508,333 $18,161 4.85%

    Approval Rates

    Total approvals of all applications
    98.04%

    Bridgeview Mortgage Corp. 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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 48 $20,640,000 $430,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    48 $20,640,000 $430,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $205,000 $205,000 $3,861 5.25%
    40-60% 5 $2,145,000 $429,000 $13,485 5.58%
    60-80% 17 $7,615,000 $447,941 $14,997 5.52%
    80-100% 24 $10,510,000 $437,917 $15,921 4.78%
    Under 20% 1 $165,000 $165,000 $9,424 6.63%