The Bank Of Princeton Mortgage Rates, Fees & Info

Princeton, NJ

LEI: 549300EMC7T53UNNNA58

Tax ID: 68-0645074

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    The Bank Of Princeton is a smaller bank specializing in Refi and Cash Out Refi loans. The Bank Of Princeton has a high proportion of conventional loans. Their top markets by origination volume include: New York, Philadelphia, and Trenton among others. We have data for 4 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.

    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.

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    Originations

    36

    Origination Dollar Volume (All Markets)

    $45,610,000

    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) 14 $34,830,000 $2,487,857 $0 0.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 13 $5,665,000 $435,769 $0 0.00%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 7 $2,715,000 $387,857 $0 0.00%
    Outside of Metro Areas 2 $2,400,000 $1,200,000 $0 0.00%
    The Bank Of Princeton's top markets include New York, Philadelphia, and Trenton among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 36 $45,610,000 $1,266,944 $0 0.00%

    For 2018, The Bank Of Princeton's most frequently originated type of loan was Conventional, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 20 $8,610,000 $430,500 $0 0.00%
    Refi 10 $18,670,000 $1,867,000 $0 0.00%
    Cash Out Refi 4 $17,200,000 $4,300,000 $0 0.00%
    Home Improvement 2 $1,130,000 $565,000 $0 0.00%

    For 2018, The Bank Of Princeton's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 36 $45,610,000 $1,266,944 $0 0.00%

    For 2018, The Bank Of Princeton's most frequently cited loan duration was Other, with 36 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 11 $36,305,000 $3,300,455 $0 0.00%
    $200k-400k 6 $1,820,000 $303,333 $0 0.00%
    $400k-600k 6 $2,870,000 $478,333 $0 0.00%
    $100k-200k 5 $665,000 $133,000 $0 0.00%
    $600k-1MM 5 $3,715,000 $743,000 $0 0.00%
    $100,000 or less 3 $235,000 $78,333 $0 0.00%

    2018 saw The Bank Of Princeton place emphasis on $1MM+ loans with 11 originations, totaling $36,305,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 3 $2,425,000 $808,333 $0 0.00%
    $75k-100k 3 $675,000 $225,000 $0 0.00%
    $150k-250k 2 $1,030,000 $515,000 $0 0.00%
    $100k-150k 1 $185,000 $185,000 $0 0.00%
    $50k-75k 1 $105,000 $105,000 $0 0.00%

    The Bank Of Princeton lent most frequently to those with incomes in the $250k+ range, with 3 originations. The second most popular income band? $75k-100k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 36 $45,610,000 $1,266,944 $0 0.00%

    The Bank Of Princeton lent most frequently to those with DTI ratios of Exempt%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 24 $40,760,000 $1,698,333 $0 0.00%
    White 8 $2,590,000 $323,750 $0 0.00%
    Asian 4 $2,260,000 $565,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    78.17%

    The Bank Of Princeton has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.33%

    The Bank Of Princeton has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 36 $45,610,000 $1,266,944

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $31,230,000 $2,602,500
    Single Family (1-4 Units):Site-Built 24 $14,380,000 $599,167

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    TD BANK US HOLDING COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 10 9.8%
    TD BANK US HOLDING COMPANY Conventional home mortgage Closing on a mortgage 4 3.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Incorrect information on your report 1 1.0%
    TD BANK US HOLDING COMPANY Conventional home mortgage Struggling to pay mortgage 6 5.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Trouble during payment process 30 29.4%
    TD BANK US HOLDING COMPANY FHA mortgage Incorrect information on your report 1 1.0%
    TD BANK US HOLDING COMPANY FHA mortgage Struggling to pay mortgage 4 3.9%
    TD BANK US HOLDING COMPANY FHA mortgage Trouble during payment process 1 1.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 8 7.8%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Closing on a mortgage 3 2.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Incorrect information on your report 1 1.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Problem with a credit reporting company's investigation into an existing problem 1 1.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Struggling to pay mortgage 3 2.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Trouble during payment process 14 13.7%
    TD BANK US HOLDING COMPANY Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 1.0%
    TD BANK US HOLDING COMPANY Other type of mortgage Closing on a mortgage 3 2.9%
    TD BANK US HOLDING COMPANY Other type of mortgage Struggling to pay mortgage 4 3.9%
    TD BANK US HOLDING COMPANY Other type of mortgage Trouble during payment process 7 6.9%