Popular Bank Mortgage Rates, Fees & Info
New York, NYLEI: 549300E0WPRCJMXMUM09
Tax ID: 52-2126008
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Bank Data
Review & Overview
Popular Bank is a smaller bank specializing in Home Purchase and Refi loans. Popular Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Miami, Key West, Bridgeport, and Cape Coral among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)Popular Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.17% | 4/21/24 |
| 30 Year Conventional Refi | 6.21% | 4/21/24 |
| 30 Year Cash-out Refi | 6.38% | 4/21/24 |
| 15 Year Conventional Purchase | 6.14% | 4/21/24 |
| 15 Year Conventional Refi | 6.03% | 4/21/24 |
| 15 Year Cash-out Refi | 6.03% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
450Origination Dollar Volume (All Markets)
$517,870,000Employee count
710Top 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) | 232 | $284,820,000 | $1,227,672 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 168 | $203,490,000 | $1,211,250 | $0 | 0.00% |
| Key West, FL (FHA|USDA|VA) | 4 | $6,740,000 | $1,685,000 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 6 | $5,380,000 | $896,667 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $4,620,000 | $2,310,000 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 12 | $3,100,000 | $258,333 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $2,350,000 | $1,175,000 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $1,775,000 | $1,775,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $0 | 0.00% |
| Torrington, CT (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Bennington, VT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 450 | $517,870,000 | $1,150,822 | $0 | 0.00% |
For 2018, Popular Bank's most frequently originated type of loan was Conventional, with 450 originations.
Loan Reason
For 2018, Popular Bank's most frequently cited loan purpose was Home Purchase, with 262 originations. The 2nd most popular reason was Refi, with 94 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 450 | $517,870,000 | $1,150,822 | $0 | 0.00% |
For 2018, Popular Bank's most frequently cited loan duration was Other, with 450 originations.
Loan Sizing
2018 saw Popular Bank place emphasis on $200k-400k loans with 124 originations, totaling $37,330,000 in origination value.
Applicant Income
Popular Bank lent most frequently to those with incomes in the $250k+ range, with 86 originations. The second most popular income band? $150k-250k, with 81 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 450 | $517,870,000 | $1,150,822 | $0 | 0.00% |
Popular Bank lent most frequently to those with DTI ratios of Exempt%, with 450 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.63%
Popular Bank has a below average approval rate.
Pick Rate
Approvals leading to origination65.33%
Popular 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 | 450 | $517,870,000 | $1,150,822 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 109 | $322,035,000 | $2,954,450 |
| Single Family (1-4 Units):Site-Built | 341 | $195,835,000 | $574,296 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| POPULAR BANK | Conventional home mortgage | Incorrect information on your report | 1 | 7.1% |
| POPULAR BANK | Conventional home mortgage | Struggling to pay mortgage | 3 | 21.4% |
| POPULAR BANK | FHA mortgage | Trouble during payment process | 1 | 7.1% |
| POPULAR BANK | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 7.1% |
| POPULAR BANK | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 5 | 35.7% |
| POPULAR BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 14.3% |
| POPULAR BANK | Other type of mortgage | Struggling to pay mortgage | 1 | 7.1% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Popular Bank | 1046-48 Southern Boulevard New York City, NY 10459 | Full Service B&M | $44,328 |
| Popular Bank | 11 West 51st Street New York, NY 10019 | Full Service B&M | $154,940 |
| Popular Bank | 114 Washington Street Hoboken, NJ 7030 | Full Service B&M | $19,780 |
| Popular Bank | 1170 Castle Hill Avenue Bronx, NY 10462 | Full Service B&M | $49,985 |
| Popular Bank | 1200 Saint Nicholas Ave New York, NY 10032 | Full Service B&M | $66,317 |
| Popular Bank | 1221 Brickell Avenue Miami, FL 33131 | Full Service B&M | $66,992 |
| Popular Bank | 1230 Fulton Street Brooklyn, NY 11216 | Full Service B&M | $36,378 |
| Popular Bank | 134 Delancey Street New York City, NY 10002 | Full Service B&M | $60,452 |
| Popular Bank | 13715 Biscayne Boulevard North Miami, FL 33181 | Full Service B&M | $1,219,916 |
| Popular Bank | 15-25a Graham Avenue New York City, NY 11206 | Full Service B&M | $75,119 |
| Popular Bank | 1550 Northeast Miami Gardes Drive Miami, FL 33179 | Full Service B&M | $103,731 |
| Popular Bank | 1619 Sheepshead Bay Road New York City, NY 11235 | Full Service B&M | $213,631 |
| Popular Bank | 1620 Pitkin Avenue New York City, NY 11212 | Full Service B&M | $43,217 |
| Popular Bank | 1620 West 49th Street Hialeah, FL 33012 | Full Service B&M | $35,322 |
| Popular Bank | 164 East 116th Street New York City, NY 10029 | Full Service B&M | $49,842 |
| Popular Bank | 180 Dyckman Street New York City, NY 10040 | Full Service B&M | $34,300 |
| Popular Bank | 2095 Ralph Avenue New York City, NY 11234 | Full Service B&M | $82,514 |
| Popular Bank | 2121 Avenue U Brooklyn, NY 11229 | Full Service B&M | $75,893 |
| Popular Bank | 231 West 125th Street New York City, NY 10027 | Full Service B&M | $26,557 |
| Popular Bank | 2317 Ponce De Leon Blvd Coral Gables, FL 33134 | Full Service B&M | $105,542 |
| Popular Bank | 28-36 Steinway Street New York City, NY 11103 | Full Service B&M | $79,047 |
| Popular Bank | 2812 Broadway New York City, NY 10025 | Full Service B&M | $53,839 |
| Popular Bank | 285 Madison Avenue New York, NY 10017 | Full Service B&M | $224,215 |
| Popular Bank | 2875 North East 191 Street, Suite 101 Aventura, FL 33180 | Full Service B&M | $46,244 |
| Popular Bank | 301 71st Street Miami Beach, FL 33141 | Full Service B&M | $62,351 |
| Popular Bank | 301 East Fordham Road New York City, NY 10460 | Full Service B&M | $52,011 |
| Popular Bank | 310 East Houston Street New York, NY 10002 | Full Service B&M | $38,549 |
| Popular Bank | 345 Park Avenue South New York, NY 10010 | Full Service B&M | $176,835 |
| Popular Bank | 374 East 149th Street Bronx, NY 10455 | Full Service B&M | $34,215 |
| Popular Bank | 43 West 14th Street New York, NY 10011 | Full Service B&M | $14,243 |
| Popular Bank | 500 Bloomfield Avenue Newark, NJ 7107 | Full Service B&M | $203,195 |
| Popular Bank | 5216 Fifth Avenue New York City, NY 11220 | Full Service B&M | $46,721 |
| Popular Bank | 53-10 Bergen Line Avenue West New York, NJ 7093 | Full Service B&M | $42,670 |
| Popular Bank | 539 Eastern Parkway New York City, NY 11216 | Full Service B&M | $78,160 |
| Popular Bank | 615 West 181st Street New York City, NY 10033 | Full Service B&M | $77,930 |
| Popular Bank | 631 State Street Perth Amboy, NJ 8861 | Full Service B&M | $46,072 |
| Popular Bank | 66 Court Street Brooklyn, NY 11201 | Full Service B&M | $52,438 |
| Popular Bank | 71-24 Austin Street Forest Hills, NY 11375 | Full Service B&M | $22,746 |
| Popular Bank | 730 Columbus Avenue New York, NY 10025 | Full Service B&M | $75,146 |
| Popular Bank | 752 East Tremont Ave And Prospect Av New York, NY 10460 | Full Service B&M | $76,951 |
| Popular Bank | 7900 Miami Lakes Drive West Miami Lakes, FL 33016 | Full Service B&M | $92,832 |
| Popular Bank | 817 Elizabeth Avenue Elizabeth, NJ 7201 | Full Service B&M | $60,901 |
| Popular Bank | 8180 Northwest 36th Street Miami, FL 33172 | Full Service B&M | $93,968 |
| Popular Bank | 83-20/22 Baxter Avenue New York City, NY 11373 | Full Service B&M | $98,480 |
| Popular Bank | 8401 West Oakland Park Boulevard Sunrise, FL 33351 | Full Service B&M | $48,124 |
| Popular Bank | 85 Broad Street New York, NY 10004 | Full Service B&M | $2,137,754 |
| Popular Bank | 85-01 Kennedy Boulevard North Bergen, NJ 7047 | Full Service B&M | $59,373 |
| Popular Bank | 875 Third Avenue New York, NY 10022 | Full Service B&M | $204,349 |
| Popular Bank | 8875 Dadeland Blvd Miami, FL 33156 | Full Service B&M | $78,865 |
| Popular Bank | 918 Seneca Avenue Ridgewood, NY 11385 | Full Service B&M | $73,954 |
| Popular Bank | 956 Flatbush Avenue Brooklyn, NY 11226 | Full Service B&M | $41,352 |
For 2018, Popular Bank had 51 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $390,446 |
| Net interest income | $304,576 |
| Total noninterest income | $20,071 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $13,615 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $6,456 |
| Pre-tax net operating income | $91,415 |
| Securities gains (or losses, -) | $-1,064 |
| Income before extraordinary items | $68,512 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $68,512 |
| Minority interest net income | $0 |
| Net income | $68,512 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $69,352 |
Popular Bank's gross interest income from loans was $390,446,000.
Popular Bank's net interest income from loans was $304,576,000.
Popular Bank's fee based income from loans was $13,615,000.
Popular Bank's net income from loans was $68,512,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $85,870 |
| Provision for credit losses | $29,881 |
| Total noninterest expense | $203,351 |
| Salaries and employee benefits | $77,715 |
| Premises and equipment expense | $39,864 |
| Additional noninterest expense | $85,772 |
| Applicable income taxes | $21,839 |
| Net charge-offs | $39,769 |
| Cash dividends | $0 |
Popular Bank's interest expense for loans was $85,870,000.
Popular Bank's payroll and benefits expense were $77,715,000.
Popular Bank's property, plant and equipment expenses $39,864,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 1.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 2.0% |
| HELOC loans | 9.0% |
| All other family | 1.0% |
| Commercial & industrial loans | 28.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $6,980,854 |
| Deposits held in domestic offices | $6,980,854 |
| Deposits by Individuals, partnerships, and corporations | $6,681,012 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $118,519 |
| Deposits by Commercial banks and other depository institutions in U.S. | $181,323 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $494,905 |
| Demand deposits | $238,744 |
| Nontransaction accounts | $6,485,949 |
| Money market deposit accounts (MMDAs) | $1,577,009 |
| Other savings deposits (excluding MMDAs) | $2,575,488 |
| Total time deposits | $2,333,452 |
| Total time and savings deposits | $6,742,110 |
| Noninterest-bearing deposits | $238,744 |
| Interest-bearing deposits | $6,742,110 |
| Retail deposits | $5,931,532 |
| IRAs and Keogh plan accounts | $90,858 |
| Brokered deposits | $425,874 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $9,381,359 |
| Cash & Balances due from depository institutions | $446,936 |
| Interest-bearing balances | $347,420 |
| Total securities | $1,519,269 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $6,562,228 |
| Loan and leases loss allowance | $62,190 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $54,670 |
| Other real estate owned | $2,642 |
| Goodwill and other intangibles | $354,975 |
| All other assets | $440,639 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $9,381,359 |
| Total Liabilities | $7,669,442 |
| Total deposits | $6,980,854 |
| Interest-bearing deposits | $6,742,110 |
| Deposits held in domestic offices | $6,980,854 |
| % insured (estimated) | $74 |
| Federal funds purchased and repurchase agreements | $193,130 |
| Trading liabilities | $0 |
| Other borrowed funds | $432,212 |
| Subordinated debt | $0 |
| All other liabilities | $63,246 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $6,562,228 |
| Loan and leases loss allowance | $62,190 |
| Total loans and leases (domestic) | $6,624,418 |
| All real estate loans | $5,265,591 |
| Real estate loans in domestic offices | $5,265,591 |
| Construction and development loans | $727,423 |
| Residential 1-4 family construction | $3,621 |
| Other construction, all land development and other land | $723,802 |
| Loans secured by nonfarm nonresidential properties | $2,140,882 |
| Nonfarm nonresidential secured by owner-occupied properties | $315,280 |
| Commercial real estate & other non-farm, non-residential | $1,825,602 |
| Multifamily residential real estate | $1,396,732 |
| 1-4 family residential loans | $1,000,554 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $258,485 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $273,803 |
| Credit card loans | $38 |
| Related Plans | $538 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $273,227 |
| All other loans & leases | $826,539 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $826,405 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $8,212 |
| Non 1-4 family restructured loans & leases | $89 |
| Total loans and leases (foreign) | $0 |
Popular Bank had $6,562,228,000 of loans outstanding in 2018. $5,265,591,000 of loans were in real estate loans. $727,423,000 of loans were in development loans. $1,396,732,000 of loans were in multifamily mortgage loans. $1,000,554,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $38,000 of loans were in credit card loans. $0 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 349 | $122,432 | $350,808 |
| Nonfarm, nonresidential loans - <$100k | 11 | $554 | $50,364 |
| Nonfarm, nonresidential loans - $100-250k | 66 | $6,978 | $105,727 |
| Nonfarm, nonresidential loans - $250k-1MM | 272 | $114,900 | $422,426 |
| Commercial & Industrial, US addressed loans - <$1MM | 396 | $76,497 | $193,174 |
| Commercial & Industrial, US addressed loans - <$100k | 85 | $2,736 | $32,188 |
| Commercial & Industrial, US addressed loans - $100-250k | 103 | $10,635 | $103,252 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 208 | $63,126 | $303,490 |