Millville Savings Bank Mortgage Rates, Fees & Info
Millville, NJLEI: 5493008Z9PO9T4H9CM50
Tax ID: 21-0515339
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Millville Savings Bank is a smaller bank specializing in Home Purchase loans. Millville Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Ocean City, Vineland, Atlantic City, and Philadelphia among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Millville Savings Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
54Origination Dollar Volume (All Markets)
$14,220,000Top 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 |
|---|---|---|---|---|---|
| OCEAN CITY, NJ (FHA|USDA|VA) | 11 | $8,835,000 | $803,182 | $0 | 0.00% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 28 | $2,200,000 | $78,571 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 6 | $1,680,000 | $280,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 9 | $1,505,000 | $167,222 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 54 | $14,220,000 | $263,333 | $0 | 0.00% |
For 2024, Millville Savings Bank's most frequently originated type of loan was Conventional, with 54 originations.
Loan Reason
For 2024, Millville Savings Bank's most frequently cited loan purpose was Home Improvement, with 22 originations. The 2nd most popular reason was Home Purchase, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 54 | $14,220,000 | $263,333 | $0 | 0.00% |
For 2024, Millville Savings Bank's most frequently cited loan duration was Other, with 54 originations.
Loan Sizing
2024 saw Millville Savings Bank place emphasis on $100,000 or less loans with 29 originations, totaling $1,505,000 in origination value.
Applicant Income
Millville Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $250k+, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 54 | $14,220,000 | $263,333 | $0 | 0.00% |
Millville Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 54 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.08%
Millville Savings Bank has a below average approval rate.
Pick Rate
Approvals leading to origination94.44%
Millville Savings Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 54 | $14,220,000 | $263,333 |