Profile Bank Mortgage Rates, Fees & Info

ROCHESTER, NH

LEI: 549300IAYBMO4VREUX25

Tax ID: 02-0237826

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Profile Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Profile Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Laconia, Portland, and Concord among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Profile Bank 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.

    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.

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    Originations

    77

    Origination Dollar Volume (All Markets)

    $13,155,000

    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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 37 $6,195,000 $167,432 $0 0.00%
    Outside of Metro Areas 16 $2,960,000 $185,000 $0 0.00%
    Laconia, NH (FHA|USDA|VA) 15 $2,485,000 $165,667 $0 0.00%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 8 $1,230,000 $153,750 $0 0.00%
    Concord, NH (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    Profile Bank's top markets include Boston, Laconia, Portland, and Concord among others.

    Their top states include:
  • New Hampshire (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 77 $13,155,000 $170,844 $0 0.00%

    For 2018, Profile Bank's most frequently originated type of loan was Conventional, with 77 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 33 $6,525,000 $197,727 $0 0.00%
    Cash Out Refi 18 $2,960,000 $164,444 $0 0.00%
    Refi 11 $2,205,000 $200,455 $0 0.00%
    Home Improvement 9 $1,175,000 $130,556 $0 0.00%
    Other 6 $290,000 $48,333 $0 0.00%

    For 2018, Profile Bank's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 77 $13,155,000 $170,844 $0 0.00%

    For 2018, Profile Bank's most frequently cited loan duration was Other, with 77 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 33 $4,865,000 $147,424 $0 0.00%
    $200k-400k 22 $6,020,000 $273,636 $0 0.00%
    $100,000 or less 20 $1,200,000 $60,000 $0 0.00%
    $400k-600k 2 $1,070,000 $535,000 $0 0.00%

    2018 saw Profile Bank place emphasis on $100k-200k loans with 33 originations, totaling $4,865,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 21 $4,035,000 $192,143 $0 0.00%
    $150k-250k 15 $2,865,000 $191,000 $0 0.00%
    $75k-100k 13 $2,095,000 $161,154 $0 0.00%
    $50k-75k 11 $1,875,000 $170,455 $0 0.00%
    $50k or less 11 $955,000 $86,818 $0 0.00%
    $250k+ 1 $195,000 $195,000 $0 0.00%

    Profile Bank lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $150k-250k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 77 $13,155,000 $170,844 $0 0.00%

    Profile Bank lent most frequently to those with DTI ratios of Exempt%, with 77 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 63 $11,025,000 $175,000 $0 0.00%
    Not provided 12 $1,610,000 $134,167 $0 0.00%
    Not applicable 2 $520,000 $260,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    74.19%

    Profile Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.52%

    Profile Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 77 $13,155,000 $170,844

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $240,000 $120,000
    Single Family (1-4 Units):Site-Built 75 $12,915,000 $172,200

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    PROPEL FINANCIAL SERVICES LLC Other type of mortgage Struggling to pay mortgage 1 100.0%