The Bank Of Princeton Mortgage Rates, Fees & Info
Princeton, NJLEI: 549300EMC7T53UNNNA58
Tax ID: 68-0645074
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Bank Of Princeton is a smaller bank specializing in Home Purchase loans. The Bank Of Princeton has a high proportion of conventional loans. Their top markets by origination volume include: New York, Trenton, and Philadelphia among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)The Bank Of Princeton 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.
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Originations
28Origination Dollar Volume (All Markets)
$162,560,000Top 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) | 14 | $143,630,000 | $10,259,286 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 5 | $17,675,000 | $3,535,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 9 | $1,255,000 | $139,444 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 28 | $162,560,000 | $5,805,714 | $0 | 0.00% |
For 2023, The Bank Of Princeton's most frequently originated type of loan was Conventional, with 28 originations.
Loan Reason
For 2023, The Bank Of Princeton's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Home Improvement, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 28 | $162,560,000 | $5,805,714 | $0 | 0.00% |
For 2023, The Bank Of Princeton's most frequently cited loan duration was Other, with 28 originations.
Loan Sizing
2023 saw The Bank Of Princeton place emphasis on $1MM+ loans with 12 originations, totaling $160,120,000 in origination value.
Applicant Income
The Bank Of Princeton lent most frequently to those with incomes in the $75k-100k range, with 4 originations. The second most popular income band? $100k-150k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 28 | $162,560,000 | $5,805,714 | $0 | 0.00% |
The Bank Of Princeton lent most frequently to those with DTI ratios of Exempt%, with 28 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.33%
The Bank Of Princeton has a below average approval rate.
Pick Rate
Approvals leading to origination78.57%
The Bank Of Princeton has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 28 | $162,560,000 | $5,805,714 |