Huntingdon Valley Bank Mortgage Rates, Fees & Info

Huntingdon Valley, PA

LEI: 549300G36820CW642I52

Tax ID: 23-0718025

3.9 stars - out of 5 stars, based on 49 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Huntingdon Valley Bank is a smaller bank specializing in Home Purchase loans. Huntingdon Valley Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Philadelphia, Ocean City, Dover, New York, and Allentown among others. Huntingdon Valley Bank 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. Huntingdon Valley Bank is typically an average fee lendor.


Originations

2,423

Origination Dollar Volume (All Markets)

$640,155,000

Employee count

143

Awards

Huntingdon Valley Bank 30 Year Conventional Loans silver Huntingdon Valley Bank 30 Year Conventional Loans gold
Show all (2) awards

Relative Rate

Huntingdon Valley Bank's average 30 year fixed rate mortgage of loans were 3.11%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.04%.

Relative Fees

Huntingdon Valley Bank's average total fees for a 30 year fixed rate mortgage are $5,967.

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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2,117 $543,945,000 $256,941 $5,737 3.07%
OCEAN CITY, NJ (FHA|USDA|VA) 56 $21,950,000 $391,964 $4,794 3.22%
DOVER, DE (FHA|USDA|VA) 56 $17,160,000 $306,429 $8,013 3.17%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 21 $9,065,000 $431,667 $6,137 2.98%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 39 $8,695,000 $222,949 $5,162 3.07%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 13 $5,315,000 $408,846 $5,133 3.14%
SALISBURY, MD-DE (FHA|USDA|VA) 19 $5,105,000 $268,684 $6,072 2.83%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 8 $2,860,000 $357,500 $4,889 2.80%
READING, PA (FHA|USDA|VA) 10 $2,360,000 $236,000 $5,921 3.02%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 7 $1,665,000 $237,857 $3,606 3.46%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 7 $1,555,000 $222,143 $5,404 3.16%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 5 $1,485,000 $297,000 $5,980 3.12%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,425,000 $475,000 $4,730 3.00%
JACKSONVILLE, FL (FHA|USDA|VA) 5 $1,425,000 $285,000 $4,822 3.15%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 6 $1,300,000 $216,667 $5,544 3.00%
EAST STROUDSBURG, PA (FHA|USDA|VA) 5 $1,145,000 $229,000 $4,728 3.10%
Outside of Metro Areas 4 $1,110,000 $277,500 $6,278 2.84%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $950,000 $475,000 $11,700 2.81%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $870,000 $435,000 $4,313 2.81%
OCALA, FL (FHA|USDA|VA) 1 $825,000 $825,000 $29,471 3.13%
PITTSBURGH, PA (FHA|USDA|VA) 3 $825,000 $275,000 $4,969 3.58%
LANCASTER, PA (FHA|USDA|VA) 3 $785,000 $261,667 $4,829 2.88%
Pottsville, PA (FHA|USDA|VA) 2 $660,000 $330,000 $6,994 3.06%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $600,000 $300,000 $2,780 2.94%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $545,000 $545,000 $8,884 2.50%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $545,000 $545,000 $4,205 3.25%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 5 $545,000 $109,000 $3,408 3.40%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $545,000 $545,000 $3,363 3.00%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $535,000 $535,000 $5,568 2.63%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $450,000 $225,000 $5,330 3.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $435,000 $435,000 $2,825 2.88%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $425,000 $425,000 $13,330 3.00%
Sevierville, TN (FHA|USDA|VA) 1 $355,000 $355,000 $4,186 3.63%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $350,000 $175,000 $3,162 2.81%
ASHEVILLE, NC (FHA|USDA|VA) 1 $305,000 $305,000 $2,666 2.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $295,000 $295,000 $6,888 3.00%
WILMINGTON, NC (FHA|USDA|VA) 1 $275,000 $275,000 $3,692 3.38%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $255,000 $255,000 $3,966 2.50%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $245,000 $245,000 $12,726 2.63%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $225,000 $225,000 $3,619 2.99%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $215,000 $215,000 $4,849 3.13%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,602 2.99%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $135,000 $135,000 $2,575 2.88%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $135,000 $135,000 $3,720 4.00%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $55,000 $55,000 $2,720 2.75%

Huntingdon Valley Bank's top markets include Philadelphia, Ocean City, Dover, New York, and Allentown among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,767 $483,555,000 $273,659 $4,744 3.06%
FHA 570 $129,320,000 $226,877 $8,358 3.14%
VA 66 $21,400,000 $324,242 $8,625 2.80%
USDA 20 $5,880,000 $294,000 $9,098 3.03%

For the 2021 period, Huntingdon Valley Bank's most frequently originated loan type of loans were Conventional, with 1,767 originations. Their 2nd most popular type is FHA, with 570 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,620 $433,330,000 $267,488 $6,331 3.12%
Refi 460 $115,910,000 $251,978 $4,402 2.86%
Cash Out Refi 309 $83,675,000 $270,793 $4,768 3.12%
Other 24 $5,630,000 $234,583 $4,735 3.56%
Home Improvement 10 $1,610,000 $161,000 $4,996 3.48%

For the 2021, Huntingdon Valley Bank's most frequently cited loan purpose of loans were Home Purchase, with 1,620 originations. The 2nd most popular reason of loans were Refi, with 460 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 2,135 $564,595,000 $264,447 $5,967 3.11%
15 Year 148 $33,440,000 $225,946 $4,053 2.52%
20 Year 84 $22,940,000 $273,095 $4,103 2.87%
Other 30 $7,570,000 $252,333 $3,739 2.99%
10 Year 15 $3,995,000 $266,333 $3,600 2.93%
5 Year 8 $3,590,000 $448,750 $0 4.78%
30+ year 3 $4,025,000 $1,341,667 $12,119 4.08%

For the 2021, Huntingdon Valley Bank's most frequently cited loan length of loans were 30 Year, with 2,135 originations. The 2nd most popular length of loans were 15 Year, with 148 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,454 $393,320,000 $270,509
$1k-2k 571 $124,935,000 $218,800
$2k-3k 197 $54,025,000 $274,239
$3k-4k 112 $34,340,000 $306,607
$5k+ 55 $23,815,000 $433,000

$5,967 of loans were Huntingdon Valley Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,454 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 1,116 $304,030,000 $272,428
3-4% 944 $237,090,000 $251,155
<2.5% 271 $70,615,000 $260,572
4-5% 89 $26,195,000 $294,326
5-6% 3 $2,225,000 $741,667

During 2021, Huntingdon Valley Bank's average interest rate of loans were 3.11%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,116 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,272 $355,100,000 $279,167 $6,145 3.06%
$100k-200k 776 $123,710,000 $159,420 $4,764 3.10%
$400k-600k 267 $125,455,000 $469,869 $6,817 3.00%
$100,000 or less 75 $6,045,000 $80,600 $3,758 3.24%
$600k-1MM 26 $19,500,000 $750,000 $9,768 3.16%
$1MM+ 7 $10,345,000 $1,477,857 $9,336 4.31%

2021 saw Huntingdon Valley Bank place emphasis on $200k-400k loans with 1,272 originations, totaling $355,100,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 621 $139,965,000 $225,386 $5,868 3.06%
$50k or less 485 $85,285,000 $175,845 $5,712 3.08%
$100k-150k 462 $138,310,000 $299,372 $5,549 3.10%
$75k-100k 447 $119,535,000 $267,416 $5,849 3.06%
$150k-250k 284 $101,030,000 $355,739 $5,711 3.05%
$250k+ 92 $43,960,000 $477,826 $6,357 3.02%

Huntingdon Valley Bank lent most frequently to those with incomes in the $50k-75k range, with 621 originations. The second most popular income band? $50k or less, with 485 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 438 $115,720,000 $264,201 $5,509 3.06%
20-30% 429 $115,875,000 $270,105 $4,951 2.98%
44% 127 $33,945,000 $267,283 $5,825 3.13%
42% 119 $31,015,000 $260,630 $6,006 3.15%
50-60% 116 $28,510,000 $245,776 $8,555 3.14%
40% 111 $29,685,000 $267,432 $5,856 3.12%
43% 108 $30,390,000 $281,389 $5,934 3.11%
41% 107 $26,805,000 $250,514 $5,992 3.12%
<20% 104 $26,570,000 $255,481 $4,676 2.92%
39% 100 $26,310,000 $263,100 $6,225 3.10%
45% 93 $22,105,000 $237,688 $5,761 3.04%
36% 93 $24,185,000 $260,054 $5,261 3.07%
37% 91 $22,975,000 $252,473 $5,746 3.11%
38% 90 $25,840,000 $287,111 $6,357 3.05%
48% 75 $18,755,000 $250,067 $5,977 3.11%
49% 74 $20,330,000 $274,730 $6,278 3.13%
47% 73 $19,195,000 $262,945 $6,040 3.12%
46% 52 $13,080,000 $251,538 $6,289 3.01%
>60% 1 $195,000 $195,000 $3,543 3.00%

Huntingdon Valley Bank lent most frequently to those with DTI ratios of 30-36%, with 438 originations. The next most common DTI ratio? 20-30%, with 429 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,454 $398,420,000 $274,017 $5,391 3.03%
Black 508 $119,220,000 $234,685 $6,980 3.15%
Not provided 344 $87,500,000 $254,360 $5,554 3.11%
Asian 97 $28,865,000 $297,577 $5,158 3.02%
Not applicable 8 $3,430,000 $428,750 $0 4.69%
American Indian 9 $1,915,000 $212,778 $7,310 3.21%
Native Hawaiian 2 $440,000 $220,000 $5,703 3.25%
Asian Indian 1 $365,000 $365,000 $5,462 2.88%

Approval Rates

Total approvals of all applications
95.65%

Huntingdon Valley Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
92.10%

Huntingdon Valley Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 2,423 $640,155,000 $264,199

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,423 $640,155,000 $264,199

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 43 $6,315,000 $146,860 $3,438 2.86%
40-60% 229 $57,145,000 $249,541 $4,171 2.92%
60-80% 694 $182,030,000 $262,291 $4,529 3.09%
80-100% 1,438 $389,080,000 $270,570 $6,543 3.10%
Over 100% 17 $5,495,000 $323,235 $13,420 2.85%
Under 20% 2 $90,000 $45,000 $3,273 3.56%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
HUNTINGTON NATIONAL BANK, THE VA mortgage Trouble during payment process 2 1.6%
HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 15 12.2%
HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Closing on a mortgage 7 5.7%
HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Struggling to pay mortgage 9 7.3%
HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Trouble during payment process 46 37.4%
HUNTINGTON NATIONAL BANK, THE FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 1.6%
HUNTINGTON NATIONAL BANK, THE FHA mortgage Incorrect information on your report 2 1.6%
HUNTINGTON NATIONAL BANK, THE FHA mortgage Struggling to pay mortgage 3 2.4%
HUNTINGTON NATIONAL BANK, THE FHA mortgage Trouble during payment process 8 6.5%
HUNTINGTON NATIONAL BANK, THE Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 4 3.3%
HUNTINGTON NATIONAL BANK, THE Home equity loan or line of credit (HELOC) Closing on a mortgage 5 4.1%
HUNTINGTON NATIONAL BANK, THE Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 0.8%
HUNTINGTON NATIONAL BANK, THE Home equity loan or line of credit (HELOC) Trouble during payment process 6 4.9%
HUNTINGTON NATIONAL BANK, THE Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 3 2.4%
HUNTINGTON NATIONAL BANK, THE Other type of mortgage Closing on a mortgage 1 0.8%
HUNTINGTON NATIONAL BANK, THE Other type of mortgage Struggling to pay mortgage 3 2.4%
HUNTINGTON NATIONAL BANK, THE Other type of mortgage Trouble during payment process 4 3.3%
HUNTINGTON NATIONAL BANK, THE VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.8%
HUNTINGTON NATIONAL BANK, THE VA mortgage Closing on a mortgage 1 0.8%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Huntingdon Valley Bank 1300 Route 73, Suite 105 Mount Laurel, NJ 8054 Full Service B&M $1
Huntingdon Valley Bank 1990 County Line Road Huntingdon Valley, PA 19006 Full Service B&M $130,604
Huntingdon Valley Bank 2617 Huntingdon Pike Huntingdon Valley, PA 19006 Full Service B&M $201,716
Huntingdon Valley Bank 5725 Easton Road Pipersville, PA 18947 Full Service B&M $42,478
Huntingdon Valley Bank 610 Easton Road Warrington, PA 18976 Full Service B&M $69,124
Huntingdon Valley Bank 8580 Verree Rd Philadelphia, PA 19111 Full Service B&M $749

For 2021, Huntingdon Valley Bank had 6 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $16,611
Net interest income $14,666
Total noninterest income $13,239
Gross Fiduciary activities income $0
Service charges on deposit accounts $88
Trading account gains and fees $0
Additional Noninterest Income $13,151
Pre-tax net operating income $5,816
Securities gains (or losses, -) $88
Income before extraordinary items $4,359
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $4,359
Minority interest net income $0
Net income $4,359
Sale, conversion, retirement of capital stock, net $240
Net operating income $4,289

Huntingdon Valley Bank's gross interest income from loans was $16,611,000.
Huntingdon Valley Bank's net interest income from loans was $14,666,000.
Huntingdon Valley Bank's fee based income from loans was $88,000.
Huntingdon Valley Bank's net income from loans was $4,359,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $1,945
Provision for credit losses $553
Total noninterest expense $21,536
Salaries and employee benefits $13,696
Premises and equipment expense $2,289
Additional noninterest expense $5,551
Applicable income taxes $1,545
Net charge-offs $202
Cash dividends $0

Huntingdon Valley Bank's interest expense for loans was $1,945,000.
Huntingdon Valley Bank's payroll and benefits expense were $13,696,000.
Huntingdon Valley Bank's property, plant and equipment expenses $2,289,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 1.0%
Real Estate loans 0.0%
Construction & Land Development loans 2.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 1.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 30.0%
Credit card loans 0.0%
Other individual loans 30.0%
Auto loans 0.0%
Other consumer loans 30.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $469,916
Deposits held in domestic offices $469,916
Deposits by Individuals, partnerships, and corporations $441,187
Deposits by U.S. Government $2
Deposits by States and political subdivisions in the U.S. $27,485
Deposits by Commercial banks and other depository institutions in U.S. $1,242
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $310,879
Demand deposits $310,879
Nontransaction accounts $159,037
Money market deposit accounts (MMDAs) $89,504
Other savings deposits (excluding MMDAs) $37,311
Total time deposits $32,221
Total time and savings deposits $159,037
Noninterest-bearing deposits $99,184
Interest-bearing deposits $370,732
Retail deposits $463,342
IRAs and Keogh plan accounts $5,221
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $557,790
Cash & Balances due from depository institutions $123,026
Interest-bearing balances $116,517
Total securities $40,474
Federal funds sold & reverse repurchase $0
Net loans and leases $365,454
Loan and leases loss allowance $2,368
Trading account assets $0
Bank premises and fixed assets $11,829
Other real estate owned $0
Goodwill and other intangibles $3,382
All other assets $13,625

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $557,790
Total Liabilities $512,493
Total deposits $469,916
Interest-bearing deposits $370,732
Deposits held in domestic offices $469,916
% insured (estimated) $67
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $29,550
Subordinated debt $0
All other liabilities $13,027

Issued Loan Types

Type Value (in 000's)
Net loans and leases $365,454
Loan and leases loss allowance $2,368
Total loans and leases (domestic) $367,822
All real estate loans $303,764
Real estate loans in domestic offices $303,764
Construction and development loans $52,758
Residential 1-4 family construction $16,152
Other construction, all land development and other land $36,606
Loans secured by nonfarm nonresidential properties $50,316
Nonfarm nonresidential secured by owner-occupied properties $28,263
Commercial real estate & other non-farm, non-residential $22,053
Multifamily residential real estate $14,921
1-4 family residential loans $185,769
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $61,177
To non-U.S. addressees $0
Loans to individuals $4,517
Credit card loans $0
Related Plans $17
Consumer Auto Loans $0
Other loans to individuals $4,500
All other loans & leases $0
Loans to foreign governments and official institutions $0
Other loans $0
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $13,985
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $0
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

Huntingdon Valley Bank had $365,454,000 of loans outstanding in 2021. $303,764,000 of loans were in real estate loans. $52,758,000 of loans were in development loans. $14,921,000 of loans were in multifamily mortgage loans. $185,769,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 47 $21,068 $448,255
Nonfarm, nonresidential loans - $100-250k 7 $782 $111,714
Nonfarm, nonresidential loans - $250k-1MM 40 $20,286 $507,150
Commercial & Industrial, US addressed loans - <$1MM 210 $19,533 $93,014
Commercial & Industrial, US addressed loans - <$100k 137 $4,170 $30,438
Commercial & Industrial, US addressed loans - $100-250k 36 $4,409 $122,472
Commercial & Industrial, US addressed loans - $250k-1MM 37 $10,954 $296,054