Amboy Bank Mortgage Rates, Fees & Info
Old Bridge, NJLEI: 549300APYWQYO3RLT772
Tax ID: 22-1294443
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Amboy Bank is a smaller bank specializing in Other and Refi loans. Amboy Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Trenton, Atlantic City, Philadelphia, and Ocean City among others. We have data for 5 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.
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Originations
300Origination Dollar Volume (All Markets)
$39,640,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 289 | $37,615,000 | $130,156 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 6 | $910,000 | $151,667 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
Their top states include:
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.
Similarity Rank: 64
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 225 | $23,485,000 | $104,378 | n/a | 0.00% |
| Conventional | 61 | $14,155,000 | $232,049 | $0 | 0.00% |
| HELOC | 14 | $2,000,000 | $142,857 | n/a | 0.00% |
For 2024, Amboy Bank's most frequently originated type of loan was HELOC, with 225 originations. Their 2nd most popular type was Conventional, with 61 originations.
Loan Reason
For 2024, Amboy Bank's most frequently cited loan purpose was Other, with 154 originations. The 2nd most popular reason was Refi, with 97 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 300 | $39,640,000 | $132,133 | $0 | 0.00% |
For 2024, Amboy Bank's most frequently cited loan duration was Other, with 300 originations.
Loan Sizing
2024 saw Amboy Bank place emphasis on $100,000 or less loans with 152 originations, totaling $9,220,000 in origination value.
Applicant Income
Amboy Bank lent most frequently to those with incomes in the $150k-250k range, with 77 originations. The second most popular income band? $100k-150k, with 70 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 300 | $39,640,000 | $132,133 | $0 | 0.00% |
Amboy Bank lent most frequently to those with DTI ratios of Exempt%, with 300 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.74%
Amboy Bank has a below average approval rate.
Pick Rate
Approvals leading to origination83.33%
Amboy Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 300 | $39,640,000 | $132,133 |