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 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, Philadelphia, Trenton, and Pittsburgh 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.
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Originations
40Origination Dollar Volume (All Markets)
$153,750,000Top 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) | 20 | $148,400,000 | $7,420,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 15 | $3,795,000 | $253,000 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $153,750,000 | $3,843,750 | $0 | 0.00% |
For 2022, The Bank Of Princeton's most frequently originated type of loan was Conventional, with 40 originations.
Loan Reason
For 2022, The Bank Of Princeton's most frequently cited loan purpose was Cash Out Refi, with 16 originations. The 2nd most popular reason was Home Purchase, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 40 | $153,750,000 | $3,843,750 | $0 | 0.00% |
For 2022, The Bank Of Princeton's most frequently cited loan duration was Other, with 40 originations.
Loan Sizing
2022 saw The Bank Of Princeton place emphasis on $1MM+ loans with 17 originations, totaling $147,955,000 in origination value.
Applicant Income
The Bank Of Princeton lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $150k-250k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 40 | $153,750,000 | $3,843,750 | $0 | 0.00% |
The Bank Of Princeton lent most frequently to those with DTI ratios of Exempt%, with 40 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.00%
The Bank Of Princeton has a below average approval rate.
Pick Rate
Approvals leading to origination87.50%
The Bank Of Princeton has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 40 | $153,750,000 | $3,843,750 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |