Glen Rock Savings Bank Mortgage Rates, Fees & Info
Glen Rock, NJLEI: 549300D992SE497KXK81
Tax ID: 22-0997350
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Glen Rock Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Glen Rock Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Trenton, Atlantic City, and Allentown among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Glen Rock Savings Bank has an above 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
85Origination Dollar Volume (All Markets)
$60,625,000Top 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) | 81 | $58,985,000 | $728,210 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 85 | $60,625,000 | $713,235 | $0 | 0.00% |
For 2023, Glen Rock Savings Bank's most frequently originated type of loan was Conventional, with 85 originations.
Loan Reason
For 2023, Glen Rock Savings Bank's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Refi, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 85 | $60,625,000 | $713,235 | $0 | 0.00% |
For 2023, Glen Rock Savings Bank's most frequently cited loan duration was Other, with 85 originations.
Loan Sizing
2023 saw Glen Rock Savings Bank place emphasis on $1MM+ loans with 21 originations, totaling $35,835,000 in origination value.
Applicant Income
Glen Rock Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 17 originations. The second most popular income band? $250k+, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 85 | $60,625,000 | $713,235 | $0 | 0.00% |
Glen Rock Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 85 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.11%
Glen Rock Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination80.00%
Glen Rock Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 85 | $60,625,000 | $713,235 |