Bond Street Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300EL87GZMCVX0Q34

Tax ID: 26-4803398

2.3 stars - Updated: 10/13/24 - out of 5 stars, based on 25 reviews

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

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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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.70% 10/13/24
30 Year Conventional Refi 6.77% 10/13/24
30 Year Cash-out Refi 6.88% 10/13/24
30 Year FHA Purchase 7.28% 10/13/24
30 Year FHA Refi 7.21% 10/13/24
30 Year VA Purchase 6.41% 10/13/24
15 Year Conventional Purchase 6.28% 10/13/24
15 Year Conventional Refi 5.94% 10/13/24
15 Year Cash-out Refi 5.94% 10/13/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Bond Street Mortgage. 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

626

Origination Dollar Volume (All Markets)

$267,440,000

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

Their top states include:
  • New Jersey (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • 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.

    Republic Bank
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    LYONS MORTGAGE SERVICES, INC.
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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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 568 $245,240,000 $431,761 $10,960 6.76%
    Refi 29 $11,295,000 $389,483 $9,997 7.03%
    Cash Out Refi 29 $10,905,000 $376,034 $10,924 6.84%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 618 $264,840,000 $428,544 $10,922 6.78%
    15 Year 7 $2,325,000 $332,143 $10,661 6.75%
    20 Year 1 $275,000 $275,000 $7,741 5.75%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 276 $126,520,000 $458,406
    $1k-2k 203 $88,015,000 $433,571
    $4k-5k 56 $19,770,000 $353,036
    $3k-4k 48 $17,240,000 $359,167
    $2k-3k 41 $14,785,000 $360,610
    $<1k 2 $1,110,000 $555,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 271 $81,945,000 $302,380 $9,066 6.80%
    $400k-600k 201 $98,365,000 $489,378 $12,371 6.78%
    $600k-1MM 85 $59,495,000 $699,941 $15,678 6.74%
    $100k-200k 54 $8,630,000 $159,815 $6,495 6.68%
    $1MM+ 15 $19,005,000 $1,267,000 $13,541 6.99%

    2023 saw Bond Street Mortgage place emphasis on $200k-400k loans with 271 originations, totaling $81,945,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 194 $75,250,000 $387,887 $11,286 6.73%
    $150k-250k 192 $91,930,000 $478,802 $11,334 6.81%
    $250k+ 107 $64,425,000 $602,103 $11,599 7.01%
    $75k-100k 83 $24,665,000 $297,169 $9,785 6.63%
    $50k-75k 46 $10,530,000 $228,913 $8,221 6.54%
    $50k or less 4 $640,000 $160,000 $8,822 6.91%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 83 $33,465,000 $403,193 $9,157 6.79%
    30-36% 82 $40,490,000 $493,780 $9,261 6.81%
    50-60% 68 $29,200,000 $429,412 $17,042 6.49%
    49% 43 $17,125,000 $398,256 $12,213 6.73%
    48% 37 $16,305,000 $440,676 $12,652 6.88%
    42% 33 $14,765,000 $447,424 $9,888 6.65%
    47% 32 $14,880,000 $465,000 $12,094 6.71%
    40% 31 $13,015,000 $419,839 $8,889 6.88%
    <20% 29 $11,665,000 $402,241 $9,251 6.83%
    45% 25 $10,095,000 $403,800 $8,923 6.86%
    44% 23 $9,355,000 $406,739 $11,477 6.80%
    46% 22 $8,200,000 $372,727 $9,781 6.62%
    37% 22 $8,870,000 $403,182 $10,326 6.91%
    39% 20 $7,530,000 $376,500 $9,066 6.98%
    43% 20 $11,100,000 $555,000 $12,162 7.02%
    38% 19 $7,645,000 $402,368 $9,389 6.89%
    41% 19 $7,475,000 $393,421 $10,829 6.87%
    36% 18 $6,260,000 $347,778 $9,142 6.90%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 508 $218,900,000 $430,906 $10,965 6.79%
    Asian 72 $30,710,000 $426,528 $9,509 6.77%
    Black 45 $17,135,000 $380,778 $12,467 6.65%
    Filipino 1 $695,000 $695,000 $14,661 6.88%

    Approval Rates

    Total approvals of all applications
    97.16%

    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 origination
    57.83%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    626 $267,440,000 $427,220

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $8,240,000 $257,500 $5,859 6.78%
    40-60% 58 $22,700,000 $391,379 $9,301 6.79%
    60-80% 198 $81,930,000 $413,788 $10,014 6.92%
    80-100% 336 $154,020,000 $458,393 $12,197 6.70%
    Over 100% 1 $395,000 $395,000 $17,428 6.13%
    Under 20% 1 $155,000 $155,000 $5,669 7.13%