Profile Bank Mortgage Rates, Fees & Info

ROCHESTER, NH

LEI: 549300IAYBMO4VREUX25

Tax ID: 02-0237826

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Mortgage Data

Review & Overview

Profile Bank is a smaller bank specializing in Home Purchase loans. Profile Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Portland, and Laconia among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Profile Bank has a below 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

58

Origination Dollar Volume (All Markets)

$15,410,000

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
Outside of Metro Areas 25 $8,295,000 $331,800 $0 0.00%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 23 $5,285,000 $229,783 $0 0.00%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 6 $1,000,000 $166,667 $0 0.00%
Laconia, NH (FHA|USDA|VA) 4 $830,000 $207,500 $0 0.00%
Profile Bank's top markets include Boston, Portland, and Laconia 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 58 $15,410,000 $265,690 $0 0.00%

    For 2022, Profile Bank's most frequently originated type of loan was Conventional, with 58 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 28 $10,600,000 $378,571 $0 0.00%
    Refi 14 $2,580,000 $184,286 $0 0.00%
    Home Improvement 7 $1,015,000 $145,000 $0 0.00%
    Cash Out Refi 5 $495,000 $99,000 $0 0.00%
    Other 4 $720,000 $180,000 $0 0.00%

    For 2022, Profile Bank's most frequently cited loan purpose was Home Purchase, with 28 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 58 $15,410,000 $265,690 $0 0.00%

    For 2022, Profile Bank's most frequently cited loan duration was Other, with 58 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 26 $8,240,000 $316,923 $0 0.00%
    $100,000 or less 15 $795,000 $53,000 $0 0.00%
    $100k-200k 9 $1,355,000 $150,556 $0 0.00%
    $400k-600k 4 $1,870,000 $467,500 $0 0.00%
    $600k-1MM 3 $1,985,000 $661,667 $0 0.00%
    $1MM+ 1 $1,165,000 $1,165,000 $0 0.00%

    2022 saw Profile Bank place emphasis on $200k-400k loans with 26 originations, totaling $8,240,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 16 $3,980,000 $248,750 $0 0.00%
    $150k-250k 12 $4,250,000 $354,167 $0 0.00%
    $75k-100k 12 $2,490,000 $207,500 $0 0.00%
    $50k-75k 9 $815,000 $90,556 $0 0.00%
    $250k+ 5 $2,755,000 $551,000 $0 0.00%
    $50k or less 1 $155,000 $155,000 $0 0.00%

    Profile Bank lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $150k-250k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 58 $15,410,000 $265,690 $0 0.00%

    Profile Bank lent most frequently to those with DTI ratios of Exempt%, with 58 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 50 $13,570,000 $271,400 $0 0.00%
    Not applicable 3 $965,000 $321,667 $0 0.00%
    Not provided 5 $875,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    68.81%

    Profile Bank has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    75.86%

    Profile Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 58 $15,410,000 $265,690

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    58 $15,410,000 $265,690