Glen Rock Savings Bank Mortgage Rates, Fees & Info

Glen Rock, NJ

LEI: 549300D992SE497KXK81

Tax ID: 22-0997350

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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 two markets are New York and Allentown .

    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

    90

    Origination Dollar Volume (All Markets)

    $59,790,000

    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) 89 $59,475,000 $668,258 $0 0.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
    Glen Rock Savings Bank's top markets include New York and Allentown among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 90 $59,790,000 $664,333 $0 0.00%

    For 2022, Glen Rock Savings Bank's most frequently originated type of loan was Conventional, with 90 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 41 $29,005,000 $707,439 $0 0.00%
    Refi 41 $26,885,000 $655,732 $0 0.00%
    Home Improvement 8 $3,900,000 $487,500 $0 0.00%

    For 2022, Glen Rock Savings Bank's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Refi, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 90 $59,790,000 $664,333 $0 0.00%

    For 2022, Glen Rock Savings Bank's most frequently cited loan duration was Other, with 90 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 26 $19,540,000 $751,538 $0 0.00%
    $200k-400k 21 $6,635,000 $315,952 $0 0.00%
    $400k-600k 20 $9,980,000 $499,000 $0 0.00%
    $100k-200k 10 $1,500,000 $150,000 $0 0.00%
    $1MM+ 10 $21,980,000 $2,198,000 $0 0.00%
    $100,000 or less 3 $155,000 $51,667 $0 0.00%

    2022 saw Glen Rock Savings Bank place emphasis on $600k-1MM loans with 26 originations, totaling $19,540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 14 $6,480,000 $462,857 $0 0.00%
    $150k-250k 13 $6,005,000 $461,923 $0 0.00%
    $100k-150k 12 $2,860,000 $238,333 $0 0.00%
    $50k-75k 4 $640,000 $160,000 $0 0.00%
    $75k-100k 2 $390,000 $195,000 $0 0.00%

    Glen Rock Savings Bank lent most frequently to those with incomes in the $250k+ range, with 14 originations. The second most popular income band? $150k-250k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 90 $59,790,000 $664,333 $0 0.00%

    Glen Rock Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 90 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 43 $41,925,000 $975,000 $0 0.00%
    White 32 $11,770,000 $367,813 $0 0.00%
    Not provided 12 $4,970,000 $414,167 $0 0.00%
    Other Asian 1 $655,000 $655,000 $0 0.00%
    Asian Indian 1 $285,000 $285,000 $0 0.00%
    Black 1 $185,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.37%

    Glen Rock Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    87.78%

    Glen Rock Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 90 $59,790,000 $664,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    90 $59,790,000 $664,333