Amboy Bank Mortgage Rates, Fees & Info

Old Bridge, NJ

LEI: 549300APYWQYO3RLT772

Tax ID: 22-1294443

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Mortgage Data

Review & Overview

Amboy Bank is a smaller bank specializing in Home Purchase loans. Amboy Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Philadelphia, Trenton, and Atlantic City among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Amboy 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

298

Origination Dollar Volume (All Markets)

$150,480,000

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
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 288 $110,000,000 $381,944 $0 0.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 4 $39,920,000 $9,980,000 $0 0.00%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 5 $505,000 $101,000 $0 0.00%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Amboy Bank's top markets include New York, Philadelphia, Trenton, and Atlantic City among others.

Their top states include:
  • New Jersey (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Amboy Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    N C P D Federal Credit Union
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    LYONS MORTGAGE SERVICES, INC.
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 298 $150,480,000 $504,966 $0 0.00%

    For 2023, Amboy Bank's most frequently originated type of loan was Conventional, with 298 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 131 $13,445,000 $102,634 $0 0.00%
    Refi 123 $19,985,000 $162,480 $0 0.00%
    Home Purchase 28 $116,010,000 $4,143,214 $0 0.00%
    Home Improvement 16 $1,040,000 $65,000 $0 0.00%

    For 2023, Amboy Bank's most frequently cited loan purpose was Other, with 131 originations. The 2nd most popular reason was Refi, with 123 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 298 $150,480,000 $504,966 $0 0.00%

    For 2023, Amboy Bank's most frequently cited loan duration was Other, with 298 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 149 $8,325,000 $55,872 $0 0.00%
    $100k-200k 86 $11,130,000 $129,419 $0 0.00%
    $200k-400k 41 $10,665,000 $260,122 $0 0.00%
    $1MM+ 13 $115,955,000 $8,919,615 $0 0.00%
    $400k-600k 8 $3,700,000 $462,500 $0 0.00%
    $600k-1MM 1 $705,000 $705,000 $0 0.00%

    2023 saw Amboy Bank place emphasis on $100,000 or less loans with 149 originations, totaling $8,325,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 64 $7,720,000 $120,625 $0 0.00%
    $150k-250k 57 $7,335,000 $128,684 $0 0.00%
    $50k or less 50 $4,710,000 $94,200 $0 0.00%
    $75k-100k 41 $3,955,000 $96,463 $0 0.00%
    $50k-75k 37 $3,495,000 $94,459 $0 0.00%
    $250k+ 24 $5,740,000 $239,167 $0 0.00%

    Amboy Bank lent most frequently to those with incomes in the $100k-150k range, with 64 originations. The second most popular income band? $150k-250k, with 57 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 298 $150,480,000 $504,966 $0 0.00%

    Amboy Bank lent most frequently to those with DTI ratios of Exempt%, with 298 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 16 $116,670,000 $7,291,875 $0 0.00%
    White 221 $26,335,000 $119,163 $0 0.00%
    Not provided 48 $6,310,000 $131,458 $0 0.00%
    Asian 5 $575,000 $115,000 $0 0.00%
    Asian Indian 1 $255,000 $255,000 $0 0.00%
    Black 5 $205,000 $41,000 $0 0.00%
    American Indian 2 $130,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.50%

    Amboy Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.58%

    Amboy Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 298 $150,480,000 $504,966

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    298 $150,480,000 $504,966