Empire State Bank Mortgage Rates, Fees & Info
Newburgh, NYLEI: 549300G86QJ4YLR90O89
Tax ID: 20-0494115
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Mortgage Data
Review & Overview
Empire State Bank is a smaller bank specializing in Home Purchase and Refi loans. Empire State Bank has a high proportion of conventional loans. Their top (well, only) market is New York.Empire State 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.
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Originations
94Origination Dollar Volume (All Markets)
$68,790,000Top 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) | 94 | $68,790,000 | $731,809 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 94 | $68,790,000 | $731,809 | $0 | 0.00% |
For 2023, Empire State Bank's most frequently originated type of loan was Conventional, with 94 originations.
Loan Reason
For 2023, Empire State Bank's most frequently cited loan purpose was Home Purchase, with 78 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 94 | $68,790,000 | $731,809 | $0 | 0.00% |
For 2023, Empire State Bank's most frequently cited loan duration was Other, with 94 originations.
Loan Sizing
2023 saw Empire State Bank place emphasis on $600k-1MM loans with 39 originations, totaling $29,225,000 in origination value.
Applicant Income
Empire State Bank lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $150k-250k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 94 | $68,790,000 | $731,809 | $0 | 0.00% |
Empire State Bank lent most frequently to those with DTI ratios of Exempt%, with 94 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.50%
Empire State Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.04%
Empire State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 94 | $68,790,000 | $731,809 |