Bond Street Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300EL87GZMCVX0Q34
Tax ID: 26-4803398
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Mortgage Data
Review & Overview
Bond Street Mortgage is a smaller mortgage company specializing in Home Purchase loans. Bond Street Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: New York, Philadelphia, Trenton, Miami, and Allentown among others. We have data for 36 markets. (Some data included below & more in-depth data is available with an active subscription.)Bond Street Mortgage 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. Bond Street Mortgage is typically a high 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 relatively high 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 | 6.70% | 4/18/24 |
| 30 Year Conventional Refi | 6.77% | 4/18/24 |
| 30 Year Cash-out Refi | 6.88% | 4/18/24 |
| 30 Year FHA Purchase | 7.28% | 4/18/24 |
| 30 Year FHA Refi | 7.21% | 4/18/24 |
| 30 Year VA Purchase | 6.41% | 4/18/24 |
| 15 Year Conventional Purchase | 6.28% | 4/18/24 |
| 15 Year Conventional Refi | 5.94% | 4/18/24 |
| 15 Year Cash-out Refi | 5.94% | 4/18/24 |
| 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. | ||
Bond Street Mortgage Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
626Origination Dollar Volume (All Markets)
$267,440,000Relative Rate
Bond Street Mortgage's average 30 year fixed mortgage rate was
6.78%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.3%.
Relative Fees (Closing Costs)
Bond Street Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $10,922.
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 $9,089.
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) | 502 | $225,100,000 | $448,406 | $11,191 | 6.77% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 26 | $8,140,000 | $313,077 | $7,810 | 6.95% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 21 | $7,485,000 | $356,429 | $9,207 | 6.60% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 10 | $5,410,000 | $541,000 | $12,947 | 6.60% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 13 | $5,055,000 | $388,846 | $11,258 | 6.89% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 7 | $2,605,000 | $372,143 | $11,142 | 6.57% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,940,000 | $323,333 | $12,377 | 6.66% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $9,690 | 7.06% |
| Outside of Metro Areas | 3 | $825,000 | $275,000 | $8,051 | 6.58% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $11,963 | 6.91% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $12,370 | 6.96% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $6,562 | 7.16% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $8,131 | 6.99% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $6,729 | 7.12% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $5,814 | 7.06% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $10,005 | 6.13% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $9,147 | 7.49% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $14,948 | 6.62% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $16,555 | 7.63% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $23,164 | 6.49% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $7,236 | 6.50% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $11,872 | 7.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,398 | 6.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $13,880 | 7.62% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,522 | 7.99% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $13,054 | 6.13% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,300 | 8.63% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,764 | 6.63% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,128 | 7.50% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,580 | 7.63% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,380 | 6.13% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,748 | 7.12% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,523 | 5.88% |
| OCALA, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,656 | 7.50% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,890 | 6.99% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,606 | 6.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against BOND STREET MORTGAGE 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 | 502 | $212,640,000 | $423,586 | $9,072 | 6.86% |
| FHA | 113 | $49,945,000 | $441,991 | $18,923 | 6.48% |
| VA | 11 | $4,855,000 | $441,364 | $12,516 | 6.33% |
For 2023, Bond Street Mortgage's most frequently originated type of loan was Conventional, with 502 originations. Their 2nd most popular type was FHA, with 113 originations.
Loan Reason
For 2023, Bond Street Mortgage's most frequently cited loan purpose was Home Purchase, with 568 originations. The 2nd most popular reason was Refi, with 29 originations.
Loan Duration/Length
For 2023, Bond Street Mortgage's most frequently cited loan duration was 30 Year, with 618 originations. The 2nd most popular length was 15 Year, with 7 originations.
Origination Fees/Closing Costs
Bond Street Mortgage's average total fees were $10,922, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 276 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 335 | $139,065,000 | $415,119 |
| 7-8% | 185 | $82,865,000 | $447,919 |
| 5-6% | 96 | $42,140,000 | $438,958 |
| Over 8% | 10 | $3,370,000 | $337,000 |
During 2023, Bond Street Mortgage's average interest rate for loans was 6.78%, while their most frequently originated rate bucket for loans was 6-7%, with 335 originations.
Loan Sizing
2023 saw Bond Street Mortgage place emphasis on $200k-400k loans with 271 originations, totaling $81,945,000 in origination value.
Applicant Income
Bond Street Mortgage lent most frequently to those with incomes in the $100k-150k range, with 194 originations. The second most popular income band? $150k-250k, with 192 originations.
Applicant Debt to Income Ratio
Bond Street Mortgage lent most frequently to those with DTI ratios of 20-30%, with 83 originations. The next most common DTI ratio? 30-36%, with 82 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.16%
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 origination57.83%
Bond Street Mortgage 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 |
|---|---|---|---|
| NA | 626 | $267,440,000 | $427,220 |