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, 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
181Origination Dollar Volume (All Markets)
$83,485,000Top 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) | 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% |
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
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
2022 saw Ssb Bank place emphasis on $100k-200k loans with 55 originations, totaling $8,095,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications98.93%
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 origination98.90%
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 |