Bond Street Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300EL87GZMCVX0Q34

Tax ID: 26-4803398

3.9 stars - out of 5 stars, based on 43 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Bond Street Mortgage is a smaller mortgage company specializing in Home Purchase and Refi loans. Bond Street Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include New York, Philadelphia, Trenton, Poughkeepsie, and Miami among others. Bond Street Mortgage has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Bond Street Mortgage is typically a high fee lendor.


Originations

1,828

Origination Dollar Volume (All Markets)

$712,270,000

Awards

BOND STREET MORTGAGE  VA Loans bronze
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Relative Rate

Bond Street Mortgage 's average 30 year fixed rate mortgage of loans were 3.07%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.08%.

Relative Fees

Bond Street Mortgage 's average total fees for a 30 year fixed rate mortgage are $6,124.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1,668 $665,510,000 $398,987 $5,985 3.01%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 35 $8,825,000 $252,143 $5,840 3.04%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 24 $8,020,000 $334,167 $5,028 2.88%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 11 $3,755,000 $341,364 $6,875 3.17%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 10 $3,450,000 $345,000 $5,197 3.12%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 11 $2,845,000 $258,636 $5,583 3.14%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $1,925,000 $641,667 $7,721 2.88%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $1,495,000 $299,000 $4,938 2.85%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $1,185,000 $395,000 $4,231 3.42%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 4 $1,120,000 $280,000 $4,866 2.97%
Outside of Metro Areas 4 $1,100,000 $275,000 $7,942 3.37%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 3 $1,075,000 $358,333 $4,291 3.33%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $1,000,000 $500,000 $5,348 3.18%
EAST STROUDSBURG, PA (FHA|USDA|VA) 5 $885,000 $177,000 $4,071 2.95%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $740,000 $370,000 $2,849 2.69%
KINGSTON, NY (FHA|USDA|VA) 2 $710,000 $355,000 $5,924 2.88%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $630,000 $315,000 $3,944 3.13%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $570,000 $285,000 $4,729 3.19%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $560,000 $280,000 $4,714 3.50%
Gloversville, NY (FHA|USDA|VA) 1 $545,000 $545,000 $6,846 2.63%
ASHEVILLE, NC (FHA|USDA|VA) 2 $460,000 $230,000 $3,456 2.75%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $425,000 $425,000 $6,325 3.38%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $405,000 $405,000 $5,738 3.25%
GLENS FALLS, NY (FHA|USDA|VA) 2 $330,000 $165,000 $5,265 2.88%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $315,000 $315,000 $4,253 4.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $310,000 $155,000 $3,975 3.38%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $295,000 $295,000 $4,036 2.88%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $285,000 $285,000 $4,109 4.13%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $275,000 $275,000 $6,992 2.87%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $265,000 $265,000 $3,747 2.75%
GREENVILLE, NC (FHA|USDA|VA) 1 $265,000 $265,000 $1,061 2.62%
WILMINGTON, NC (FHA|USDA|VA) 1 $255,000 $255,000 $7,912 3.00%
COLUMBUS, OH (FHA|USDA|VA) 1 $245,000 $245,000 $3,624 2.88%
Plattsburgh, NY (FHA|USDA|VA) 1 $235,000 $235,000 $5,016 3.25%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $215,000 $215,000 $5,892 2.99%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $215,000 $215,000 $4,649 3.25%
LANCASTER, PA (FHA|USDA|VA) 1 $205,000 $205,000 $4,122 3.25%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $195,000 $195,000 $6,698 3.63%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $175,000 $175,000 $3,754 3.38%
SPARTANBURG, SC (FHA|USDA|VA) 1 $165,000 $165,000 $3,992 2.88%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,436 3.12%
THE VILLAGES, FL (FHA|USDA|VA) 1 $145,000 $145,000 $5,595 3.00%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $135,000 $135,000 $3,871 2.99%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $135,000 $135,000 $4,217 2.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $125,000 $125,000 $4,011 3.50%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $105,000 $105,000 $3,324 4.13%

Bond Street Mortgage 's top markets include New York, Philadelphia, Trenton, Poughkeepsie, and Miami among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,642 $636,130,000 $387,412 $5,287 3.04%
FHA 159 $64,805,000 $407,579 $12,585 2.89%
VA 27 $11,335,000 $419,815 $5,853 2.65%

For the 2021 period, Bond Street Mortgage 's most frequently originated loan type of loans were Conventional, with 1,642 originations. Their 2nd most popular type is FHA, with 159 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 932 $387,600,000 $415,880 $7,066 3.04%
Refi 850 $307,240,000 $361,459 $4,669 2.98%
Cash Out Refi 44 $16,640,000 $378,182 $6,188 3.21%
Home Improvement 1 $375,000 $375,000 $4,897 3.88%
NA 1 $415,000 $415,000 $5,085 3.13%

For the 2021, Bond Street Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 932 originations. The 2nd most popular reason of loans were Refi, with 850 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,635 $649,605,000 $397,312 $6,124 3.07%
15 Year 108 $33,640,000 $311,481 $4,188 2.45%
20 Year 63 $21,885,000 $347,381 $4,415 2.78%
Other 19 $6,105,000 $321,316 $4,010 2.97%
10 Year 3 $1,035,000 $345,000 $5,059 2.25%

For the 2021, Bond Street Mortgage 's most frequently cited loan length of loans were 30 Year, with 1,635 originations. The 2nd most popular length of loans were 15 Year, with 108 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,519 $578,815,000 $381,050
$5k+ 112 $56,340,000 $503,036
$3k-4k 111 $45,045,000 $405,811
$2k-3k 69 $24,645,000 $357,174
$<1k 17 $7,425,000 $436,765

$6,124 of loans were Bond Street Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,519 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 879 $354,495,000 $403,294
3-4% 727 $277,135,000 $381,204
<2.5% 197 $72,705,000 $369,061
4-5% 25 $7,935,000 $317,400

During 2021, Bond Street Mortgage 's average interest rate of loans were 3.07%, while their most frequently originated rate bucket of loans were 2.5-3%, with 879 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 882 $266,980,000 $302,698 $5,291 3.04%
$400k-600k 534 $256,140,000 $479,663 $6,756 2.98%
$600k-1MM 203 $144,965,000 $714,113 $8,238 3.01%
$100k-200k 197 $31,245,000 $158,604 $3,975 3.03%
$1MM+ 9 $12,655,000 $1,406,111 $10,776 3.10%
$100,000 or less 3 $285,000 $95,000 $3,281 2.88%

2021 saw Bond Street Mortgage place emphasis on $200k-400k loans with 882 originations, totaling $266,980,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 568 $216,100,000 $380,458 $6,003 3.03%
$150k-250k 450 $207,840,000 $461,867 $6,052 2.99%
$75k-100k 336 $108,500,000 $322,917 $5,746 3.04%
$50k-75k 224 $59,160,000 $264,107 $5,634 3.01%
$250k+ 192 $106,450,000 $554,427 $6,273 3.04%
$50k or less 57 $13,795,000 $242,018 $5,160 2.85%

Bond Street Mortgage lent most frequently to those with incomes in the $100k-150k range, with 568 originations. The second most popular income band? $150k-250k, with 450 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 369 $145,635,000 $394,675 $5,160 2.96%
30-36% 317 $122,375,000 $386,041 $5,463 3.05%
<20% 103 $38,285,000 $371,699 $4,901 2.92%
41% 85 $33,035,000 $388,647 $5,700 3.10%
45% 83 $30,805,000 $371,145 $6,326 3.08%
42% 79 $32,635,000 $413,101 $5,812 3.14%
43% 75 $27,275,000 $363,667 $6,337 3.07%
39% 74 $28,660,000 $387,297 $5,967 3.05%
46% 72 $27,310,000 $379,306 $6,304 3.03%
40% 70 $26,920,000 $384,571 $5,557 3.12%
47% 68 $27,690,000 $407,206 $7,192 2.99%
50-60% 64 $26,780,000 $418,438 $10,667 2.96%
38% 63 $23,165,000 $367,698 $6,017 2.97%
36% 62 $25,200,000 $406,452 $5,395 3.08%
44% 59 $22,545,000 $382,119 $5,602 3.01%
37% 59 $24,355,000 $412,797 $5,875 3.00%
48% 57 $22,955,000 $402,719 $6,892 3.05%
49% 51 $19,705,000 $386,373 $7,389 2.91%

Bond Street Mortgage lent most frequently to those with DTI ratios of 20-30%, with 369 originations. The next most common DTI ratio? 30-36%, with 317 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,504 $578,900,000 $384,907 $5,853 3.02%
Asian 204 $89,200,000 $437,255 $5,816 2.95%
Black 107 $39,035,000 $364,813 $7,258 3.08%
Not provided 11 $4,135,000 $375,909 $5,160 3.16%
Asian Indian 1 $545,000 $545,000 $6,373 1.99%
Native Hawaiian 1 $455,000 $455,000 $6,194 3.00%

Approval Rates

Total approvals of all applications
98.22%

Bond Street Mortgage 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
92.09%

Bond Street Mortgage has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,828 $712,270,000 $389,644

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,828 $712,270,000 $389,644

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 59 $14,695,000 $249,068 $4,241 2.90%
40-60% 258 $78,870,000 $305,698 $4,326 2.89%
60-80% 787 $314,935,000 $400,172 $5,249 3.06%
80-100% 714 $300,390,000 $420,714 $7,358 3.02%
Over 100% 5 $2,195,000 $439,000 $11,861 3.10%
Under 20% 5 $1,185,000 $237,000 $5,341 3.12%