Huntingdon Valley Bank Mortgage Rates, Fees & Info

Huntingdon Valley, PA

LEI: 549300G36820CW642I52

Tax ID: 23-0718025

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

Review & 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 by origination volume include: Philadelphia, Ocean City, New York, Allentown, and Reading among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

Huntingdon Valley Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Huntingdon Valley Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

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SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.79%	11/17/24
30 Year Conventional Refi	6.59%	11/17/24
30 Year Cash-out Refi	6.99%	11/17/24
30 Year FHA Purchase	7.54%	11/17/24
30 Year FHA Refi	6.84%	11/17/24
30 Year VA Purchase	6.47%	11/17/24
30 Year VA Refi	6.28%	11/17/24
30 Year USDA Purchase	6.69%	11/17/24
15 Year Conventional Purchase	5.93%	11/17/24
15 Year Conventional Refi	6.21%	11/17/24
15 Year Cash-out Refi	6.21%	11/17/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Huntingdon Valley Bank Mortgage Calculator

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This is not an official calculator from Huntingdon Valley Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

838

Origination Dollar Volume (All Markets)

$235,980,000

Employee count

Awards

Show all (2) awards

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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	771	$212,335,000	$275,402	$5,354	4.59%
OCEAN CITY, NJ (FHA\|USDA\|VA)	13	$6,915,000	$531,923	$5,179	4.63%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	9	$4,785,000	$531,667	$5,507	4.17%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA\|USDA\|VA)	16	$3,810,000	$238,125	$5,028	4.45%
READING, PA (FHA\|USDA\|VA)	10	$2,250,000	$225,000	$5,271	4.58%
ATLANTIC CITY-HAMMONTON, NJ (FHA\|USDA\|VA)	6	$1,930,000	$321,667	$3,660	4.63%
TRENTON-PRINCETON, NJ (FHA\|USDA\|VA)	2	$1,130,000	$565,000	$5,845	4.44%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	1	$735,000	$735,000	$4,474	3.88%
SALISBURY, MD-DE (FHA\|USDA\|VA)	2	$620,000	$310,000	$3,477	4.38%
YORK-HANOVER, PA (FHA\|USDA\|VA)	2	$580,000	$290,000	$6,469	4.44%
Sayre, PA (FHA\|USDA\|VA)	1	$185,000	$185,000	$3,913	5.25%
PITTSBURGH, PA (FHA\|USDA\|VA)	1	$185,000	$185,000	$3,400	5.75%
Pottsville, PA (FHA\|USDA\|VA)	1	$155,000	$155,000	$6,911	3.88%
LEBANON, PA (FHA\|USDA\|VA)	1	$145,000	$145,000	$3,376	4.25%
EAST STROUDSBURG, PA (FHA\|USDA\|VA)	1	$135,000	$135,000	$3,343	4.88%
SCRANTON--WILKES-BARRE, PA (FHA\|USDA\|VA)	1	$85,000	$85,000	$3,201	4.88%

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

Their top states include:

Pennsylvania (FHA|USDA|VA)

New Jersey (FHA|USDA|VA)

Delaware (FHA|USDA|VA)

Virginia (FHA|USDA|VA)

Maryland (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against Huntingdon Valley Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

The Neffs National Bank
Similarity Rank: 30

N C P D Federal Credit Union
Similarity Rank: 55

Iron Workers Savings Bank
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Bogota Savings Bank
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Union County Savings Bank
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GARDEN SAVINGS FEDERAL CREDIT UNION
Similarity Rank: 80

Haddon Savings Bank
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Freehold Savings Bank
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The Atlantic Federal Credit Union
Similarity Rank: 120

Blue Foundry Bank
Similarity Rank: 125

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	613	$194,325,000	$317,007	$4,732	4.55%
FHA	201	$36,065,000	$179,428	$6,899	4.69%
VA	13	$3,495,000	$268,846	$7,899	4.63%
USDA	11	$2,095,000	$190,455	$5,790	4.22%

For 2018, Huntingdon Valley Bank's most frequently originated type of loan was Conventional, with 613 originations. Their 2nd most popular type was FHA, with 201 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	764	$215,340,000	$281,859	$5,401	4.57%
Cash Out Refi	38	$10,070,000	$265,000	$4,167	4.86%
Refi	27	$8,615,000	$319,074	$5,126	4.37%
Home Improvement	6	$1,080,000	$180,000	$3,567	4.90%
Other	3	$875,000	$291,667	$3,333	5.50%

For 2018, Huntingdon Valley Bank's most frequently cited loan purpose was Home Purchase, with 764 originations. The 2nd most popular reason was Cash Out Refi, with 38 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	797	$226,475,000	$284,159	$5,368	4.58%
15 Year	20	$3,910,000	$195,500	$4,116	4.16%
20 Year	7	$1,285,000	$183,571	$3,947	5.07%
Other	7	$1,495,000	$213,571	$5,136	5.53%
30+ year	5	$2,305,000	$461,000	$5,157	4.40%
10 Year	2	$510,000	$255,000	$3,638	3.94%

For 2018, Huntingdon Valley Bank's most frequently cited loan duration was 30 Year, with 797 originations. The 2nd most popular length was 15 Year, with 20 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	551	$134,435,000	$243,984
$<1k	205	$73,485,000	$358,463
$2k-3k	47	$15,045,000	$320,106
$3k-4k	15	$6,275,000	$418,333
$4k-5k	7	$2,395,000	$342,143
$5k+	5	$2,685,000	$537,000

Huntingdon Valley Bank's average total fees were $5,368, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 551 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	593	$153,295,000	$258,508
3-4%	138	$58,780,000	$425,942
5-6%	105	$23,765,000	$226,333
6-7%	1	$35,000	$35,000
7-8%	1	$105,000	$105,000

During 2018, Huntingdon Valley Bank's average interest rate for loans was 4.58%, while their most frequently originated rate bucket for loans was 4-5%, with 593 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	336	$92,500,000	$275,298	$5,565	4.66%
$100k-200k	296	$45,710,000	$154,426	$4,777	4.68%
$400k-600k	107	$53,045,000	$495,748	$5,712	4.23%
$100,000 or less	48	$3,730,000	$77,708	$4,005	4.87%
$600k-1MM	44	$31,070,000	$706,136	$6,728	3.98%
$1MM+	7	$9,925,000	$1,417,857	$10,183	3.95%

2018 saw Huntingdon Valley Bank place emphasis on $200k-400k loans with 336 originations, totaling $92,500,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	191	$36,265,000	$189,869	$5,261	4.61%
$100k-150k	165	$48,365,000	$293,121	$5,555	4.66%
$75k-100k	138	$30,680,000	$222,319	$5,099	4.66%
$50k or less	134	$17,420,000	$130,000	$4,796	4.69%
$150k-250k	117	$48,765,000	$416,795	$5,521	4.48%
$250k+	85	$52,765,000	$620,765	$6,033	4.17%

Huntingdon Valley Bank lent most frequently to those with incomes in the $50k-75k range, with 191 originations. The second most popular income band? $100k-150k, with 165 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
30-36%	175	$47,795,000	$273,114	$5,312	4.59%
20-30%	162	$53,080,000	$327,654	$4,992	4.49%
42%	57	$15,745,000	$276,228	$5,460	4.61%
41%	39	$12,635,000	$323,974	$5,389	4.50%
<20%	37	$10,655,000	$287,973	$4,631	4.35%
45%	37	$8,195,000	$221,486	$5,139	4.73%
40%	36	$10,900,000	$302,778	$4,984	4.41%
43%	34	$8,340,000	$245,294	$5,547	4.53%
44%	33	$7,525,000	$228,030	$6,023	4.72%
38%	32	$8,200,000	$256,250	$5,574	4.60%
39%	30	$9,030,000	$301,000	$5,667	4.62%
37%	27	$9,245,000	$342,407	$5,494	4.53%
36%	26	$6,460,000	$248,462	$5,721	4.59%
47%	26	$5,340,000	$205,385	$5,158	4.74%
46%	24	$5,080,000	$211,667	$5,659	4.69%
49%	22	$6,480,000	$294,545	$5,279	4.75%
48%	21	$4,615,000	$219,762	$5,479	4.85%
50-60%	13	$3,435,000	$264,231	$6,388	4.70%
>60%	2	$390,000	$195,000	$3,567	5.63%

Huntingdon Valley Bank lent most frequently to those with DTI ratios of 30-36%, with 175 originations. The next most common DTI ratio? 20-30%, with 162 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	581	$172,365,000	$296,670	$5,332	4.57%
Not provided	113	$36,765,000	$325,354	$4,928	4.44%
Black	113	$17,205,000	$152,257	$5,585	4.78%
Asian	26	$8,940,000	$343,846	$5,648	4.36%
Not applicable	4	$670,000	$167,500	$0	5.69%
American Indian	1	$35,000	$35,000	$0	6.24%

Approval Rates

Total approvals of all applications
96.05%

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
89.50%

Huntingdon Valley Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
1215.66	1	$155,000	$155,000
NA	837	$235,825,000	$281,750

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Site-Built	838	$235,980,000	$281,599

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	8	$1,470,000	$183,750	$3,520	4.56%
40-60%	36	$9,090,000	$252,500	$4,166	4.47%
60-80%	218	$74,200,000	$340,367	$4,841	4.51%
80-100%	564	$148,870,000	$263,954	$5,603	4.60%
Over 100%	5	$1,155,000	$231,000	$7,787	4.68%
Under 20%	5	$775,000	$155,000	$2,305	5.77%

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
HUNTINGTON NATIONAL BANK, THE	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	1	2.4%
HUNTINGTON NATIONAL BANK, THE	Conventional home mortgage	Closing on a mortgage	2	4.9%
HUNTINGTON NATIONAL BANK, THE	Conventional home mortgage	Struggling to pay mortgage	4	9.8%
HUNTINGTON NATIONAL BANK, THE	Conventional home mortgage	Trouble during payment process	13	31.7%
HUNTINGTON NATIONAL BANK, THE	FHA mortgage	Applying for a mortgage or refinancing an existing mortgage	1	2.4%
HUNTINGTON NATIONAL BANK, THE	FHA mortgage	Trouble during payment process	3	7.3%
HUNTINGTON NATIONAL BANK, THE	Home equity loan or line of credit (HELOC)	Applying for a mortgage or refinancing an existing mortgage	2	4.9%
HUNTINGTON NATIONAL BANK, THE	Home equity loan or line of credit (HELOC)	Struggling to pay mortgage	1	2.4%
HUNTINGTON NATIONAL BANK, THE	Home equity loan or line of credit (HELOC)	Trouble during payment process	5	12.2%
HUNTINGTON NATIONAL BANK, THE	Other type of mortgage	Applying for a mortgage or refinancing an existing mortgage	1	2.4%
HUNTINGTON NATIONAL BANK, THE	Other type of mortgage	Trouble during payment process	7	17.1%
HUNTINGTON NATIONAL BANK, THE	VA mortgage	Closing on a mortgage	1	2.4%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Huntingdon Valley Bank	1990 County Line Road Huntingdon Valley, PA 19006	Full Service B&M	$39,351
Huntingdon Valley Bank	2617 Huntingdon Pike Huntingdon Valley, PA 19006	Full Service B&M	$131,851
Huntingdon Valley Bank	5725 Easton Road Pipersville, PA 18947	Full Service B&M	$22,961
Huntingdon Valley Bank	610 Easton Road Warrington, PA 18976	Full Service B&M	$42,796
Huntingdon Valley Bank	8580 Verree Rd Philadelphia, PA 19111	Full Service B&M	$1,571

For 2018, Huntingdon Valley Bank had 5 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$9,599
Net interest income	$7,414
Total noninterest income	$3,726
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$72
Trading account gains and fees	$0
Additional Noninterest Income	$3,654
Pre-tax net operating income	$998
Securities gains (or losses, -)	$1
Income before extraordinary items	$826
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$826
Minority interest net income	$0
Net income	$826
Sale, conversion, retirement of capital stock, net	$114
Net operating income	$825

Huntingdon Valley Bank's gross interest income from loans was $9,599,000.
Huntingdon Valley Bank's net interest income from loans was $7,414,000.
Huntingdon Valley Bank's fee based income from loans was $72,000.
Huntingdon Valley Bank's net income from loans was $826,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$2,185
Provision for credit losses	$270
Total noninterest expense	$9,872
Salaries and employee benefits	$5,444
Premises and equipment expense	$1,095
Additional noninterest expense	$3,333
Applicable income taxes	$173
Net charge-offs	$-2
Cash dividends	$0

Huntingdon Valley Bank's interest expense for loans was $2,185,000.
Huntingdon Valley Bank's payroll and benefits expense were $5,444,000.
Huntingdon Valley Bank's property, plant and equipment expenses $1,095,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	0.0%
Real Estate loans	0.0%
Construction & Land Development loans	0.0%
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	4.0%
Credit card loans	0.0%
Other individual loans	4.0%
Auto loans	0.0%
Other consumer loans	4.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$276,326
Deposits held in domestic offices	$276,326
Deposits by Individuals, partnerships, and corporations	$255,487
Deposits by U.S. Government	$22
Deposits by States and political subdivisions in the U.S.	$19,591
Deposits by Commercial banks and other depository institutions in U.S.	$1,226
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$140,240
Demand deposits	$140,240
Nontransaction accounts	$136,086
Money market deposit accounts (MMDAs)	$33,002
Other savings deposits (excluding MMDAs)	$29,831
Total time deposits	$73,253
Total time and savings deposits	$136,086
Noninterest-bearing deposits	$31,534
Interest-bearing deposits	$244,792
Retail deposits	$241,067
IRAs and Keogh plan accounts	$6,084
Brokered deposits	$29,020
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$314,857
Cash & Balances due from depository institutions	$22,275
Interest-bearing balances	$20,903
Total securities	$34,215
Federal funds sold & reverse repurchase	$0
Net loans and leases	$247,258
Loan and leases loss allowance	$956
Trading account assets	$0
Bank premises and fixed assets	$2,026
Other real estate owned	$0
Goodwill and other intangibles	$0
All other assets	$9,083

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$314,857
Total Liabilities	$290,129
Total deposits	$276,326
Interest-bearing deposits	$244,792
Deposits held in domestic offices	$276,326
% insured (estimated)	$86
Federal funds purchased and repurchase agreements	$2,463
Trading liabilities	$0
Other borrowed funds	$10,000
Subordinated debt	$0
All other liabilities	$1,340

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$247,258
Loan and leases loss allowance	$956
Total loans and leases (domestic)	$248,214
All real estate loans	$237,353
Real estate loans in domestic offices	$237,353
Construction and development loans	$2,307
Residential 1-4 family construction	$1,742
Other construction, all land development and other land	$565
Loans secured by nonfarm nonresidential properties	$7,989
Nonfarm nonresidential secured by owner-occupied properties	$3,716
Commercial real estate & other non-farm, non-residential	$4,273
Multifamily residential real estate	$76
1-4 family residential loans	$226,981
Farmland loans	$0
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$3,302
To non-U.S. addressees	$0
Loans to individuals	$7,104
Credit card loans	$0
Related Plans	$52
Consumer Auto Loans	$0
Other loans to individuals	$7,052
All other loans & leases	$525
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	$0
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 $247,258,000 of loans outstanding in 2018. $237,353,000 of loans were in real estate loans. $2,307,000 of loans were in development loans. $76,000 of loans were in multifamily mortgage loans. $226,981,000 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	13	$4,282	$329,385
Nonfarm, nonresidential loans - $100-250k	3	$281	$93,667
Nonfarm, nonresidential loans - $250k-1MM	10	$4,001	$400,100
Commercial & Industrial, US addressed loans - <$1MM	11	$540	$49,091
Commercial & Industrial, US addressed loans - <$100k	4	$12	$3,000
Commercial & Industrial, US addressed loans - $100-250k	4	$386	$96,500
Commercial & Industrial, US addressed loans - $250k-1MM	3	$142	$47,333