Northfield Bank Mortgage Rates, Fees & Info

New York, NY

LEI: 549300BN4MNW5KE16X83

Tax ID: 13-5578494

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Northfield Bank is a smaller bank specializing in Home Improvement, Other, and Refi loans. Northfield Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Trenton, Philadelphia, East Stroudsburg, and Ocean City among others. We have data for 7 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

348

Origination Dollar Volume (All Markets)

$64,060,000

Top 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)	310	$58,470,000	$188,613	$0	0.00%
TRENTON-PRINCETON, NJ (FHA\|USDA\|VA)	26	$3,820,000	$146,923	$0	0.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	8	$1,500,000	$187,500	$0	0.00%
EAST STROUDSBURG, PA (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	0.00%
OCEAN CITY, NJ (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	0.00%
ATLANTIC CITY-HAMMONTON, NJ (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	0.00%
Outside of Metro Areas	1	$35,000	$35,000	$0	0.00%

Northfield Bank's top markets include New York, Trenton, Philadelphia, East Stroudsburg, and Ocean City among others.

Their top states include:

New Jersey (FHA|USDA|VA)

New York (FHA|USDA|VA)

Pennsylvania (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	348	$64,060,000	$184,080	$0	0.00%

For 2024, Northfield Bank's most frequently originated type of loan was Conventional, with 348 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Improvement	148	$19,280,000	$130,270	$0	0.00%
Other	92	$16,510,000	$179,457	$0	0.00%
Refi	83	$20,235,000	$243,795	$0	0.00%
Home Purchase	24	$7,780,000	$324,167	$0	0.00%
Cash Out Refi	1	$255,000	$255,000	$0	0.00%

For 2024, Northfield Bank's most frequently cited loan purpose was Home Improvement, with 148 originations. The 2nd most popular reason was Other, with 92 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	348	$64,060,000	$184,080	$0	0.00%

For 2024, Northfield Bank's most frequently cited loan duration was Other, with 348 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	124	$7,340,000	$59,194	$0	0.00%
$100k-200k	119	$16,305,000	$137,017	$0	0.00%
$200k-400k	76	$20,510,000	$269,868	$0	0.00%
$400k-600k	18	$7,900,000	$438,889	$0	0.00%
$600k-1MM	6	$4,070,000	$678,333	$0	0.00%
$1MM+	5	$7,935,000	$1,587,000	$0	0.00%

2024 saw Northfield Bank place emphasis on $100,000 or less loans with 124 originations, totaling $7,340,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$150k-250k	125	$20,775,000	$166,200	$0	0.00%
$250k+	87	$25,295,000	$290,747	$0	0.00%
$100k-150k	84	$9,520,000	$113,333	$0	0.00%
$75k-100k	24	$2,000,000	$83,333	$0	0.00%
$50k-75k	18	$1,330,000	$73,889	$0	0.00%
$50k or less	7	$275,000	$39,286	$0	0.00%

Northfield Bank lent most frequently to those with incomes in the $150k-250k range, with 125 originations. The second most popular income band? $250k+, with 87 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	348	$64,060,000	$184,080	$0	0.00%

Northfield Bank lent most frequently to those with DTI ratios of Exempt%, with 348 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	250	$42,410,000	$169,640	$0	0.00%
Not provided	35	$5,755,000	$164,429	$0	0.00%
Asian	21	$5,565,000	$265,000	$0	0.00%
Not applicable	3	$4,865,000	$1,621,667	$0	0.00%
Black	20	$2,050,000	$102,500	$0	0.00%
Asian Indian	10	$2,040,000	$204,000	$0	0.00%
American Indian	2	$470,000	$235,000	$0	0.00%
Chinese	2	$350,000	$175,000	$0	0.00%
Other Asian	3	$345,000	$115,000	$0	0.00%
Filipino	1	$155,000	$155,000	$0	0.00%
Korean	1	$55,000	$55,000	$0	0.00%

Approval Rates

Total approvals of all applications
46.44%

Northfield Bank has a low approval rate. They may have poor market targeting or stringent lending standards.

Pick Rate

Approvals leading to origination
81.90%

Northfield Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	348	$64,060,000	$184,080

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	348	$64,060,000	$184,080