Amboy Bank Mortgage Rates, Fees & Info
Old Bridge, NJLEI: 549300APYWQYO3RLT772
Tax ID: 22-1294443
Latest/2023 | 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 Refi, Home Purchase, and Cash Out Refi loans. Amboy Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Atlantic City, Philadelphia, and Trenton 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 above average approval rate when compared to the average across all lenders. They have an above 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
132Origination Dollar Volume (All Markets)
$101,860,000Top 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) | 116 | $85,460,000 | $736,724 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 5 | $12,075,000 | $2,415,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $3,420,000 | $855,000 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 7 | $905,000 | $129,286 | $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: 55
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 132 | $101,860,000 | $771,667 | $0 | 0.00% |
For 2018, Amboy Bank's most frequently originated type of loan was Conventional, with 132 originations.
Loan Reason
For 2018, Amboy Bank's most frequently cited loan purpose was Refi, with 86 originations. The 2nd most popular reason was Home Purchase, with 38 originations.
Loan Duration/Length
For 2018, Amboy Bank's most frequently cited loan duration was 30 Year, with 84 originations. The 2nd most popular length was 10 Year, with 20 originations.
Loan Sizing
2018 saw Amboy Bank place emphasis on $100,000 or less loans with 62 originations, totaling $3,240,000 in origination value.
Applicant Income
Amboy Bank lent most frequently to those with incomes in the $50k or less range, with 58 originations. The second most popular income band? $50k-75k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 132 | $101,860,000 | $771,667 | $0 | 0.00% |
Amboy Bank lent most frequently to those with DTI ratios of Exempt%, with 132 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.00%
Amboy Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination90.91%
Amboy Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 132 | $101,860,000 | $771,667 |