Millville Savings Bank Mortgage Rates, Fees & Info
Millville, NJLEI: 5493008Z9PO9T4H9CM50
Tax ID: 21-0515339
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Mortgage Data
Review & Overview
Millville Savings Bank is a smaller bank specializing in Refi, Other, and Home Purchase loans. Millville Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Vineland, Ocean City, and Philadelphia among others. We have data for 3 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 a below average pick rate when compared to similar lenders.
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Originations
37Origination Dollar Volume (All Markets)
$2,965,000Top 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 |
|---|---|---|---|---|---|
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 35 | $2,805,000 | $80,143 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 37 | $2,965,000 | $80,135 | $0 | 0.00% |
For 2018, Millville Savings Bank's most frequently originated type of loan was Conventional, with 37 originations.
Loan Reason
For 2018, Millville Savings Bank's most frequently cited loan purpose was Refi, with 12 originations. The 2nd most popular reason was Other, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 37 | $2,965,000 | $80,135 | $0 | 0.00% |
For 2018, Millville Savings Bank's most frequently cited loan duration was Other, with 37 originations.
Loan Sizing
2018 saw Millville Savings Bank place emphasis on $100,000 or less loans with 24 originations, totaling $1,020,000 in origination value.
Applicant Income
Millville Savings Bank lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $100k-150k, with 9 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.00%
Millville Savings Bank has a below average approval rate.
Pick Rate
Approvals leading to origination83.78%
Millville Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 37 | $2,965,000 | $80,135 |