Sharon Bank Mortgage Rates, Fees & Info
Darby, PALEI: 549300B7GCPQ437Y5E78
Tax ID: 23-1075613
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Mortgage Data
Review & Overview
Sharon Bank is a smaller bank specializing in Home Purchase and Refi loans. Sharon Bank has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Ocean City, and Atlantic City among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Sharon 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
37Origination Dollar Volume (All Markets)
$15,425,000Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 32 | $13,560,000 | $423,750 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 3 | $1,325,000 | $441,667 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 37 | $15,425,000 | $416,892 | $0 | 0.00% |
For 2019, Sharon Bank's most frequently originated type of loan was Conventional, with 37 originations.
Loan Reason
For 2019, Sharon Bank's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 37 | $15,425,000 | $416,892 | $0 | 0.00% |
For 2019, Sharon Bank's most frequently cited loan duration was Other, with 37 originations.
Loan Sizing
2019 saw Sharon Bank place emphasis on $200k-400k loans with 12 originations, totaling $3,750,000 in origination value.
Applicant Income
Sharon Bank lent most frequently to those with incomes in the $150k-250k range, with 7 originations. The second most popular income band? $50k-75k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 37 | $15,425,000 | $416,892 | $0 | 0.00% |
Sharon Bank lent most frequently to those with DTI ratios of Exempt%, with 37 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 25 | $7,745,000 | $309,800 | $0 | 0.00% |
| Not applicable | 12 | $7,680,000 | $640,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications82.35%
Sharon Bank has a below average approval rate.
Pick Rate
Approvals leading to origination91.89%
Sharon Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 37 | $15,425,000 | $416,892 |