Fleetwood Bank Mortgage Rates, Fees & Info
Fleetwood, PALEI: 549300GWE4NILBIKKI92
Tax ID: 23-0586213
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Fleetwood Bank is a smaller bank specializing in Home Purchase loans. Fleetwood Bank has a high proportion of conventional loans. Their top markets by origination volume include: Reading, Philadelphia, Pottsville, Allentown, and York among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Fleetwood 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.
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
70Origination Dollar Volume (All Markets)
$19,180,000Top 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 |
|---|---|---|---|---|---|
| READING, PA (FHA|USDA|VA) | 53 | $14,005,000 | $264,245 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $1,930,000 | $482,500 | $0 | 0.00% |
| Pottsville, PA (FHA|USDA|VA) | 4 | $1,350,000 | $337,500 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 6 | $1,280,000 | $213,333 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 70 | $19,180,000 | $274,000 | $0 | 0.00% |
For 2023, Fleetwood Bank's most frequently originated type of loan was Conventional, with 70 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 51 | $15,505,000 | $304,020 | $0 | 0.00% |
| Refi | 17 | $3,265,000 | $192,059 | $0 | 0.00% |
| Other | 2 | $410,000 | $205,000 | $0 | 0.00% |
For 2023, Fleetwood Bank's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 70 | $19,180,000 | $274,000 | $0 | 0.00% |
For 2023, Fleetwood Bank's most frequently cited loan duration was Other, with 70 originations.
Loan Sizing
2023 saw Fleetwood Bank place emphasis on $200k-400k loans with 35 originations, totaling $9,695,000 in origination value.
Applicant Income
Fleetwood Bank lent most frequently to those with incomes in the $50k-75k range, with 19 originations. The second most popular income band? $100k-150k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 70 | $19,180,000 | $274,000 | $0 | 0.00% |
Fleetwood Bank lent most frequently to those with DTI ratios of Exempt%, with 70 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.62%
Fleetwood 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 origination85.71%
Fleetwood Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 70 | $19,180,000 | $274,000 |