Savannah Bank Mortgage Rates, Fees & Info

SAVANNAH, NY

LEI: 5493008FJUGC53MGWP13

Tax ID: 15-0395710

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
  • 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

    Savannah Bank is a smaller bank specializing in Home Purchase and Refi loans. Savannah Bank has a high proportion of conventional loans. Their top markets by origination volume include: Auburn, Rochester, Syracuse, Buffalo, and Seneca Falls among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Savannah 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.

    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.

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    Originations

    59

    Origination Dollar Volume (All Markets)

    $6,125,000

    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
    Auburn, NY (FHA|USDA|VA) 37 $3,815,000 $103,108 $0 0.00%
    ROCHESTER, NY (FHA|USDA|VA) 11 $835,000 $75,909 $0 0.00%
    SYRACUSE, NY (FHA|USDA|VA) 6 $570,000 $95,000 $0 0.00%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 2 $510,000 $255,000 $0 0.00%
    Seneca Falls, NY (FHA|USDA|VA) 2 $270,000 $135,000 $0 0.00%
    ITHACA, NY (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Savannah Bank's top markets include Auburn, Rochester, Syracuse, Buffalo, and Seneca Falls among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 59 $6,125,000 $103,814 $0 0.00%

    For 2019, Savannah Bank's most frequently originated type of loan was Conventional, with 59 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 21 $2,375,000 $113,095 $0 0.00%
    Refi 21 $2,515,000 $119,762 $0 0.00%
    Home Improvement 9 $715,000 $79,444 $0 0.00%
    Other 8 $520,000 $65,000 $0 0.00%

    For 2019, Savannah Bank's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 59 $6,125,000 $103,814 $0 0.00%

    For 2019, Savannah Bank's most frequently cited loan duration was Other, with 59 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 34 $2,010,000 $59,118 $0 0.00%
    $100k-200k 19 $2,495,000 $131,316 $0 0.00%
    $200k-400k 5 $1,215,000 $243,000 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2019 saw Savannah Bank place emphasis on $100,000 or less loans with 34 originations, totaling $2,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 15 $975,000 $65,000 $0 0.00%
    $50k-75k 14 $1,170,000 $83,571 $0 0.00%
    $75k-100k 8 $730,000 $91,250 $0 0.00%
    $150k-250k 7 $1,065,000 $152,143 $0 0.00%
    $100k-150k 4 $520,000 $130,000 $0 0.00%

    Savannah Bank lent most frequently to those with incomes in the $50k or less range, with 15 originations. The second most popular income band? $50k-75k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 59 $6,125,000 $103,814 $0 0.00%

    Savannah Bank lent most frequently to those with DTI ratios of Exempt%, with 59 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 47 $4,525,000 $96,277 $0 0.00%
    Not applicable 10 $1,510,000 $151,000 $0 0.00%
    Not provided 2 $90,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.38%

    Savannah Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    69.49%

    Savannah Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 59 $6,125,000 $103,814

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $1,220,000 $203,333
    Single Family (1-4 Units):Manufactured 3 $215,000 $71,667
    Single Family (1-4 Units):Site-Built 50 $4,690,000 $93,800