Ssb Bank Mortgage Rates, Fees & Info

Pittsburgh, PA

LEI: 54930087BYCGOODQ7P92

Tax ID: 25-0971786

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

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Mortgage Data

Review & Overview

Ssb Bank is a smaller bank specializing in Home Purchase and Refi loans. Ssb Bank has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburgh, Roanoke, Akron, Virginia Beach, and Jamestown among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Ssb Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

181

Origination Dollar Volume (All Markets)

$83,485,000

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
PITTSBURGH, PA (FHA|USDA|VA) 161 $77,175,000 $479,348 $0 0.00%
Outside of Metro Areas 6 $2,080,000 $346,667 $0 0.00%
ROANOKE, VA (FHA|USDA|VA) 2 $690,000 $345,000 $0 0.00%
AKRON, OH (FHA|USDA|VA) 2 $640,000 $320,000 $0 0.00%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
Indiana, PA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $160,000 $80,000 $0 0.00%
Ssb Bank's top markets include Pittsburgh, Roanoke, Akron, Virginia Beach, and Jamestown among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 179 $82,735,000 $462,207 $0 0.00%
    VA 2 $750,000 $375,000 $0 0.00%

    For 2022, Ssb Bank's most frequently originated type of loan was Conventional, with 179 originations. Their 2nd most popular type was VA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 83 $58,095,000 $699,940 $0 0.00%
    Refi 78 $21,820,000 $279,744 $0 0.00%
    Other 11 $1,235,000 $112,273 $0 0.00%
    Home Improvement 9 $2,335,000 $259,444 $0 0.00%

    For 2022, Ssb Bank's most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Refi, with 78 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 181 $83,485,000 $461,243 $0 0.00%

    For 2022, Ssb Bank's most frequently cited loan duration was Other, with 181 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 55 $8,095,000 $147,182 $0 0.00%
    $200k-400k 45 $13,515,000 $300,333 $0 0.00%
    $100,000 or less 41 $2,285,000 $55,732 $0 0.00%
    $400k-600k 22 $10,920,000 $496,364 $0 0.00%
    $600k-1MM 11 $7,775,000 $706,818 $0 0.00%
    $1MM+ 7 $40,895,000 $5,842,143 $0 0.00%

    2022 saw Ssb Bank place emphasis on $100k-200k loans with 55 originations, totaling $8,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 28 $6,570,000 $234,643 $0 0.00%
    $250k+ 25 $42,735,000 $1,709,400 $0 0.00%
    $50k-75k 24 $3,380,000 $140,833 $0 0.00%
    $150k-250k 23 $7,485,000 $325,435 $0 0.00%
    $75k-100k 17 $3,515,000 $206,765 $0 0.00%
    $50k or less 15 $1,535,000 $102,333 $0 0.00%

    Ssb Bank lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $250k+, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 181 $83,485,000 $461,243 $0 0.00%

    Ssb Bank lent most frequently to those with DTI ratios of Exempt%, with 181 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 124 $63,950,000 $515,726 $0 0.00%
    Not applicable 40 $15,940,000 $398,500 $0 0.00%
    Black 12 $2,250,000 $187,500 $0 0.00%
    Asian 4 $1,200,000 $300,000 $0 0.00%
    Chinese 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.93%

    Ssb Bank 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
    98.90%

    Ssb Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 181 $83,485,000 $461,243

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    181 $83,485,000 $461,243