Northfield Bank Mortgage Rates, Fees & Info
New York, NYLEI: 549300BN4MNW5KE16X83
Tax ID: 13-5578494
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Mortgage Data
Review & Overview
Northfield Bank is a smaller bank specializing in Refi loans. Northfield Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Philadelphia, Harrisburg, Scranton, and Trenton among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)Northfield Bank has a below 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
828Origination Dollar Volume (All Markets)
$767,670,000Top 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) | 684 | $514,400,000 | $752,047 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 57 | $154,635,000 | $2,712,895 | $0 | 0.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $23,510,000 | $11,755,000 | $0 | 0.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 5 | $19,545,000 | $3,909,000 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 50 | $14,900,000 | $298,000 | $0 | 0.00% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 2 | $12,400,000 | $6,200,000 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $9,905,000 | $9,905,000 | $0 | 0.00% |
| READING, PA (FHA|USDA|VA) | 1 | $4,805,000 | $4,805,000 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $3,505,000 | $3,505,000 | $0 | 0.00% |
| Torrington, CT (FHA|USDA|VA) | 1 | $3,435,000 | $3,435,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $2,380,000 | $1,190,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 9 | $1,415,000 | $157,222 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 5 | $1,065,000 | $213,000 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 828 | $767,670,000 | $927,138 | $0 | 0.00% |
For 2022, Northfield Bank's most frequently originated type of loan was Conventional, with 828 originations.
Loan Reason
For 2022, Northfield Bank's most frequently cited loan purpose was Home Improvement, with 323 originations. The 2nd most popular reason was Refi, with 276 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 828 | $767,670,000 | $927,138 | $0 | 0.00% |
For 2022, Northfield Bank's most frequently cited loan duration was Other, with 828 originations.
Loan Sizing
2022 saw Northfield Bank place emphasis on $100,000 or less loans with 259 originations, totaling $14,805,000 in origination value.
Applicant Income
Northfield Bank lent most frequently to those with incomes in the $150k-250k range, with 213 originations. The second most popular income band? $100k-150k, with 152 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 828 | $767,670,000 | $927,138 | $0 | 0.00% |
Northfield Bank lent most frequently to those with DTI ratios of Exempt%, with 828 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications58.29%
Northfield Bank has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination83.82%
Northfield Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 828 | $767,670,000 | $927,138 |