Bond Street Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300EL87GZMCVX0Q34
Tax ID: 26-4803398
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
1,828Origination Dollar Volume (All Markets)
$712,270,000Awards
BOND STREET MORTGAGE - 2021
BOND STREET MORTGAGE is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications98.22%
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 origination92.09%
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% |
