Glen Rock Savings Bank Mortgage Rates, Fees & Info
Glen Rock, NJLEI: 549300D992SE497KXK81
Tax ID: 22-0997350
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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 (well, only) market is New York.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
51Origination Dollar Volume (All Markets)
$42,415,000Top 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) | 51 | $42,415,000 | $831,667 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 51 | $42,415,000 | $831,667 | $0 | 0.00% |
For 2024, Glen Rock Savings Bank's most frequently originated type of loan was Conventional, with 51 originations.
Loan Reason
For 2024, Glen Rock Savings Bank's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Home Improvement, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 51 | $42,415,000 | $831,667 | $0 | 0.00% |
For 2024, Glen Rock Savings Bank's most frequently cited loan duration was Other, with 51 originations.
Loan Sizing
2024 saw Glen Rock Savings Bank place emphasis on $400k-600k loans with 12 originations, totaling $5,960,000 in origination value.
Applicant Income
Glen Rock Savings Bank lent most frequently to those with incomes in the $250k+ range, with 13 originations. The second most popular income band? $150k-250k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 51 | $42,415,000 | $831,667 | $0 | 0.00% |
Glen Rock Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 51 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.21%
Glen Rock Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination66.67%
Glen Rock Savings Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 51 | $42,415,000 | $831,667 |