Ssb Bank Mortgage Rates, Fees & Info
Pittsburgh, PALEI: 54930087BYCGOODQ7P92
Tax ID: 25-0971786
Latest/2023 | 2022 Data | 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, North Port, Naples, Youngstown, and Chattanooga among others. We have data for 9 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
156Origination Dollar Volume (All Markets)
$41,140,000Top 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) | 144 | $33,990,000 | $236,042 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $2,130,000 | $1,065,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 0.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Oil City, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 156 | $41,140,000 | $263,718 | $0 | 0.00% |
For 2023, Ssb Bank's most frequently originated type of loan was Conventional, with 156 originations.
Loan Reason
For 2023, Ssb Bank's most frequently cited loan purpose was Home Purchase, with 93 originations. The 2nd most popular reason was Refi, with 44 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 156 | $41,140,000 | $263,718 | $0 | 0.00% |
For 2023, Ssb Bank's most frequently cited loan duration was Other, with 156 originations.
Loan Sizing
2023 saw Ssb Bank place emphasis on $100,000 or less loans with 47 originations, totaling $2,705,000 in origination value.
Applicant Income
Ssb Bank lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $150k-250k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 156 | $41,140,000 | $263,718 | $0 | 0.00% |
Ssb Bank lent most frequently to those with DTI ratios of Exempt%, with 156 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.38%
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 origination96.79%
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 | 156 | $41,140,000 | $263,718 |