Northfield Bank Mortgage Rates, Fees & Info
New York, NYLEI: 549300BN4MNW5KE16X83
Tax ID: 13-5578494
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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, Allentown, Trenton, and Scranton among others. We have data for 9 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
404Origination Dollar Volume (All Markets)
$150,330,000Top 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) | 346 | $123,020,000 | $355,549 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 23 | $16,135,000 | $701,522 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 7 | $4,105,000 | $586,429 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 23 | $3,705,000 | $161,087 | $0 | 0.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $2,505,000 | $2,505,000 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 404 | $150,330,000 | $372,104 | $0 | 0.00% |
For 2023, Northfield Bank's most frequently originated type of loan was Conventional, with 404 originations.
Loan Reason
For 2023, Northfield Bank's most frequently cited loan purpose was Home Improvement, with 165 originations. The 2nd most popular reason was Other, with 109 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 404 | $150,330,000 | $372,104 | $0 | 0.00% |
For 2023, Northfield Bank's most frequently cited loan duration was Other, with 404 originations.
Loan Sizing
2023 saw Northfield Bank place emphasis on $100,000 or less loans with 156 originations, totaling $9,730,000 in origination value.
Applicant Income
Northfield Bank lent most frequently to those with incomes in the $150k-250k range, with 122 originations. The second most popular income band? $100k-150k, with 96 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 404 | $150,330,000 | $372,104 | $0 | 0.00% |
Northfield Bank lent most frequently to those with DTI ratios of Exempt%, with 404 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications47.46%
Northfield Bank has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination87.87%
Northfield Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 404 | $150,330,000 | $372,104 |