Associated Mortgage Bankers Rates, Fees & Info

RONKONKOMA, NY

LEI: 549300IL3HLQ2SW5VN73

Tax ID: 11-2961751

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    Associated Mortgage Bankers is a smaller bank specializing in Home Purchase and Refi loans. Associated Mortgage Bankers has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: New York, Pittsburgh, Poughkeepsie, Miami, and Orlando among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Associated Mortgage Bankers 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. Associated Mortgage Bankers is typically a high 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.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.65% 12/23/24
    30 Year Conventional Refi 6.58% 12/23/24
    30 Year Cash-out Refi 6.27% 12/23/24
    30 Year FHA Purchase 7.39% 12/23/24
    30 Year FHA Refi 7.34% 12/23/24
    30 Year VA Purchase 6.27% 12/23/24
    30 Year VA Refi 5.86% 12/23/24
    30 Year USDA Purchase 7.16% 12/23/24
    15 Year Conventional Purchase 6.23% 12/23/24
    15 Year Conventional Refi 6.06% 12/23/24
    15 Year Cash-out Refi 6.06% 12/23/24
    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.

    Associated Mortgage Bankers Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Associated Mortgage Bankers. 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

    451

    Origination Dollar Volume (All Markets)

    $149,105,000

    Awards

    ASSOCIATED MORTGAGE BANKERS FHA Loans silver
    Show all (1) 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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 372 $135,690,000 $364,758 $11,221 4.43%
    PITTSBURGH, PA (FHA|USDA|VA) 59 $9,205,000 $156,017 $4,772 4.24%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 4 $1,100,000 $275,000 $5,064 5.06%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $735,000 $245,000 $10,921 5.04%
    Outside of Metro Areas 4 $540,000 $135,000 $5,023 4.44%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $295,000 $295,000 $9,496 5.25%
    Torrington, CT (FHA|USDA|VA) 1 $275,000 $275,000 $9,389 4.38%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $265,000 $265,000 $8,466 4.63%
    Somerset, PA (FHA|USDA|VA) 1 $265,000 $265,000 $8,777 4.75%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $235,000 $235,000 $9,844 3.63%
    Lewisburg, PA (FHA|USDA|VA) 1 $165,000 $165,000 $6,061 4.13%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $155,000 $155,000 $6,294 4.63%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $95,000 $95,000 $3,830 5.00%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $85,000 $85,000 $3,476 4.25%
    Associated Mortgage Bankers's top markets include New York, Pittsburgh, Poughkeepsie, Miami, and Orlando among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)

    • Similar Lenders

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

    N C P D Federal Credit Union
    Similarity Rank: 56
    TRI BORO
    Similarity Rank: 70
    Schuyler Savings Bank
    Similarity Rank: 104
    Union County Savings Bank
    Similarity Rank: 150
    American Financial Mortgage Corporation
    Similarity Rank: 172
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 192
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 210
    Blue Foundry Bank
    Similarity Rank: 212
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 237
    Bogota Savings Bank
    Similarity Rank: 246

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 252 $83,740,000 $332,302 $7,886 4.45%
    FHA 179 $60,935,000 $340,419 $13,678 4.36%
    USDA 11 $1,345,000 $122,273 $4,941 4.36%
    VA 9 $3,085,000 $342,778 $11,699 4.39%

    For 2019, Associated Mortgage Bankers's most frequently originated type of loan was Conventional, with 252 originations. Their 2nd most popular type was FHA, with 179 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 353 $114,715,000 $324,972 $10,146 4.45%
    Refi 95 $33,445,000 $352,053 $10,231 4.26%
    Cash Out Refi 3 $945,000 $315,000 $11,925 5.00%

    For 2019, Associated Mortgage Bankers's most frequently cited loan purpose was Home Purchase, with 353 originations. The 2nd most popular reason was Refi, with 95 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 441 $146,155,000 $331,417 $10,220 4.42%
    Other 4 $1,560,000 $390,000 $10,709 4.03%
    15 Year 3 $765,000 $255,000 $6,468 4.33%
    20 Year 3 $625,000 $208,333 $6,738 4.50%

    For 2019, Associated Mortgage Bankers's most frequently cited loan duration was 30 Year, with 441 originations. The 2nd most popular length was Other, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 167 $64,705,000 $387,455
    $1k-2k 94 $31,420,000 $334,255
    $<1k 78 $17,950,000 $230,128
    $3k-4k 41 $13,745,000 $335,244
    $4k-5k 37 $12,265,000 $331,486
    $2k-3k 32 $8,470,000 $264,688

    Associated Mortgage Bankers's average total fees were $10,220, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 167 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 254 $85,200,000 $335,433
    3-4% 137 $44,465,000 $324,562
    5-6% 53 $17,325,000 $326,887
    6-7% 3 $765,000 $255,000
    7-8% 3 $915,000 $305,000
    2.5-3% 1 $435,000 $435,000

    During 2019, Associated Mortgage Bankers's average interest rate for loans was 4.42%, while their most frequently originated rate bucket for loans was 4-5%, with 254 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 249 $80,135,000 $321,827 $10,415 4.42%
    $400k-600k 106 $48,820,000 $460,566 $12,735 4.35%
    $100k-200k 59 $8,815,000 $149,407 $5,386 4.46%
    $100,000 or less 23 $1,875,000 $81,522 $4,643 4.43%
    $600k-1MM 14 $9,460,000 $675,714 $16,074 4.60%

    2019 saw Associated Mortgage Bankers place emphasis on $200k-400k loans with 249 originations, totaling $80,135,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 127 $42,335,000 $333,346 $11,214 4.40%
    $100k-150k 107 $42,285,000 $395,187 $11,650 4.43%
    $50k-75k 82 $21,540,000 $262,683 $8,829 4.48%
    $50k or less 67 $14,745,000 $220,075 $7,675 4.32%
    $150k-250k 57 $23,335,000 $409,386 $10,262 4.40%
    $250k+ 10 $4,460,000 $446,000 $9,444 4.60%

    Associated Mortgage Bankers lent most frequently to those with incomes in the $75k-100k range, with 127 originations. The second most popular income band? $100k-150k, with 107 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 78 $27,760,000 $355,897 $14,897 4.46%
    30-36% 52 $13,850,000 $266,346 $7,145 4.42%
    >60% 29 $8,955,000 $308,793 $9,378 4.12%
    20-30% 29 $6,965,000 $240,172 $7,502 4.31%
    45% 23 $8,175,000 $355,435 $11,134 4.29%
    49% 23 $8,525,000 $370,652 $10,089 4.38%
    39% 21 $5,665,000 $269,762 $6,830 4.60%
    44% 20 $6,950,000 $347,500 $10,333 4.44%
    48% 20 $7,430,000 $371,500 $12,150 4.71%
    43% 20 $6,740,000 $337,000 $10,930 4.36%
    42% 19 $6,975,000 $367,105 $9,469 4.40%
    40% 18 $6,160,000 $342,222 $9,717 4.42%
    41% 17 $6,065,000 $356,765 $8,181 4.47%
    46% 15 $5,275,000 $351,667 $8,415 4.33%
    38% 15 $4,945,000 $329,667 $8,895 4.21%
    47% 14 $4,610,000 $329,286 $12,372 4.74%
    37% 12 $3,830,000 $319,167 $8,467 4.57%
    36% 11 $4,345,000 $395,000 $9,573 4.36%
    <20% 11 $4,115,000 $374,091 $8,359 4.51%

    Associated Mortgage Bankers lent most frequently to those with DTI ratios of 50-60%, with 78 originations. The next most common DTI ratio? 30-36%, with 52 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 362 $114,180,000 $315,414 $9,737 4.40%
    Black 47 $17,815,000 $379,043 $12,548 4.38%
    Asian 29 $12,775,000 $440,517 $10,890 4.53%
    Not provided 13 $4,335,000 $333,462 $12,080 4.68%

    Approval Rates

    Total approvals of all applications
    91.40%

    Associated Mortgage Bankers has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.38%

    Associated Mortgage Bankers has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 451 $149,105,000 $330,610

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 451 $149,105,000 $330,610

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $1,275,000 $255,000 $7,257 4.10%
    40-60% 22 $5,900,000 $268,182 $7,450 4.57%
    60-80% 113 $38,365,000 $339,513 $8,392 4.57%
    80-100% 303 $100,995,000 $333,317 $11,011 4.35%
    Over 100% 6 $2,090,000 $348,333 $13,415 4.48%
    Under 20% 1 $75,000 $75,000 $18,666 4.13%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    ASSOCIATED BANC-CORP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 11.8%
    ASSOCIATED BANC-CORP Conventional home mortgage Closing on a mortgage 1 5.9%
    ASSOCIATED BANC-CORP Conventional home mortgage Trouble during payment process 7 41.2%
    ASSOCIATED BANC-CORP Home equity loan or line of credit (HELOC) Trouble during payment process 1 5.9%
    ASSOCIATED BANC-CORP Other type of mortgage Closing on a mortgage 2 11.8%
    ASSOCIATED BANC-CORP Other type of mortgage Trouble during payment process 4 23.5%