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

Jump to:

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 Cash Out Refi and Home Purchase loans. The Bank Of Princeton has a high proportion of conventional loans. Their top markets by origination volume include: New York, Atlantic City, 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 a below 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.

    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.


    Originations

    41

    Origination Dollar Volume (All Markets)

    $115,915,000

    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) 25 $92,945,000 $3,717,800 $0 0.00%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $12,805,000 $12,805,000 $0 0.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 12 $9,140,000 $761,667 $0 0.00%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 3 $1,025,000 $341,667 $0 0.00%
    The Bank Of Princeton's top markets include New York, Atlantic City, Philadelphia, and Trenton among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 41 $115,915,000 $2,827,195 $0 0.00%

    For 2019, The Bank Of Princeton's most frequently originated type of loan was Conventional, with 41 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 18 $48,110,000 $2,672,778 $0 0.00%
    Home Purchase 17 $55,835,000 $3,284,412 $0 0.00%
    Refi 5 $11,945,000 $2,389,000 $0 0.00%
    Home Improvement 1 $25,000 $25,000 $0 0.00%

    For 2019, The Bank Of Princeton's most frequently cited loan purpose was Cash Out Refi, with 18 originations. The 2nd most popular reason was Home Purchase, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 41 $115,915,000 $2,827,195 $0 0.00%

    For 2019, The Bank Of Princeton's most frequently cited loan duration was Other, with 41 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 19 $108,705,000 $5,721,316 $0 0.00%
    $200k-400k 8 $2,020,000 $252,500 $0 0.00%
    $100k-200k 5 $745,000 $149,000 $0 0.00%
    $400k-600k 4 $1,910,000 $477,500 $0 0.00%
    $600k-1MM 3 $2,475,000 $825,000 $0 0.00%
    $100,000 or less 2 $60,000 $30,000 $0 0.00%

    2019 saw The Bank Of Princeton place emphasis on $1MM+ loans with 19 originations, totaling $108,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 4 $1,170,000 $292,500 $0 0.00%
    $250k+ 3 $1,275,000 $425,000 $0 0.00%
    $75k-100k 2 $510,000 $255,000 $0 0.00%
    $50k-75k 1 $25,000 $25,000 $0 0.00%
    $50k or less 1 $105,000 $105,000 $0 0.00%

    The Bank Of Princeton lent most frequently to those with incomes in the $150k-250k range, with 4 originations. The second most popular income band? $250k+, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 41 $115,915,000 $2,827,195 $0 0.00%

    The Bank Of Princeton lent most frequently to those with DTI ratios of Exempt%, with 41 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 29 $112,345,000 $3,873,966 $0 0.00%
    White 7 $1,895,000 $270,714 $0 0.00%
    Other Asian 1 $645,000 $645,000 $0 0.00%
    Not provided 2 $510,000 $255,000 $0 0.00%
    Asian Indian 1 $415,000 $415,000 $0 0.00%
    Asian 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    65.52%

    The Bank Of Princeton has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    68.29%

    The Bank Of Princeton 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
    Exempt 41 $115,915,000 $2,827,195

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 21 $109,615,000 $5,219,762
    Single Family (1-4 Units):Site-Built 20 $6,300,000 $315,000

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    TD BANK US HOLDING COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 7 6.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Closing on a mortgage 10 9.8%
    TD BANK US HOLDING COMPANY Conventional home mortgage Struggling to pay mortgage 7 6.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Trouble during payment process 34 33.3%
    TD BANK US HOLDING COMPANY FHA mortgage Struggling to pay mortgage 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 4 3.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Closing on a mortgage 4 3.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Incorrect information on your report 2 2.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Struggling to pay mortgage 7 6.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Trouble during payment process 13 12.7%
    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 Incorrect information on your report 2 2.0%
    TD BANK US HOLDING COMPANY Other type of mortgage Struggling to pay mortgage 2 2.0%
    TD BANK US HOLDING COMPANY Other type of mortgage Trouble during payment process 7 6.9%
    TD BANK US HOLDING COMPANY Reverse mortgage Closing on a mortgage 1 1.0%