Popular Bank Mortgage Rates, Fees & Info
New York, NYLEI: 549300E0WPRCJMXMUM09
Tax ID: 52-2126008
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Mortgage Data
Review & Overview
Popular Bank is a smaller bank specializing in Home Purchase loans. Popular Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Miami, Salem, Detroit, and Deltona among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Popular 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. Popular Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.54% | 7/13/25 |
| 30 Year Conventional Refi | 6.24% | 7/13/25 |
| 30 Year Cash-out Refi | 6.73% | 7/13/25 |
| 15 Year Conventional Purchase | 6.00% | 7/13/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Popular Bank Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Popular Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
125Origination Dollar Volume (All Markets)
$261,225,000Awards
Popular Bank - 2024
Popular Bank is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Popular Bank's average 30 year fixed mortgage rate was
6.27%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.28%.
Relative Fees (Closing Costs)
Popular Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,525.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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) | 67 | $175,525,000 | $2,619,776 | $7,324 | 6.29% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 41 | $46,545,000 | $1,135,244 | $10,164 | 6.35% |
| SALEM, OR (FHA|USDA|VA) | 1 | $17,825,000 | $17,825,000 | $0 | 8.63% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $9,405,000 | $9,405,000 | $0 | 7.53% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $5,250,000 | $2,625,000 | $5,211 | 7.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $1,740,000 | $870,000 | $8,994 | 6.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $1,365,000 | $1,365,000 | $12,753 | 6.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $11,082 | 7.67% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $6,051 | 6.75% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $5,395 | 6.13% |
| Key West, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $11,912 | 6.75% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,051 | 7.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,617 | 7.25% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,200 | 6.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against Popular Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 64
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Similarity Rank: 96
Similarity Rank: 126
Similarity Rank: 154
Similarity Rank: 260
Similarity Rank: 270
Similarity Rank: 288
Similarity Rank: 384
Similarity Rank: 450
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 125 | $261,225,000 | $2,089,800 | $8,525 | 6.41% |
For 2024, Popular Bank's most frequently originated type of loan was Conventional, with 125 originations.
Loan Reason
For 2024, Popular Bank's most frequently cited loan purpose was Home Purchase, with 98 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
For 2024, Popular Bank's most frequently cited loan duration was 30 Year, with 103 originations. The 2nd most popular length was 5 Year, with 15 originations.
Origination Fees/Closing Costs
Popular Bank's average total fees were $8,525, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 54 originations.
Interest Rates
During 2024, Popular Bank's average interest rate for loans was 6.27%, while their most frequently originated rate bucket for loans was 6-7%, with 64 originations.
Loan Sizing
2024 saw Popular Bank place emphasis on $1MM+ loans with 43 originations, totaling $213,905,000 in origination value.
Applicant Income
Popular Bank lent most frequently to those with incomes in the $250k+ range, with 66 originations. The second most popular income band? $150k-250k, with 23 originations.
Applicant Debt to Income Ratio
Popular Bank lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? <20%, with 15 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications69.74%
Popular Bank has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination70.40%
Popular Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 125 | $261,225,000 | $2,089,800 |