The Gratz Bank Mortgage Rates, Fees & Info

Gratz, PA

LEI: 549300J0CKZA0PR2DX58

Tax ID: 23-0641835

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

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Mortgage Data

Review & Overview

The Gratz Bank is a smaller bank specializing in Home Purchase and Refi loans. The Gratz Bank has a high proportion of conventional loans. Their top markets by origination volume include: Harrisburg, Lancaster, Philadelphia, York, and Pottsville among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Gratz 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.

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Originations

248

Origination Dollar Volume (All Markets)

$102,890,000

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
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 86 $28,240,000 $328,372 $0 0.00%
LANCASTER, PA (FHA|USDA|VA) 33 $26,415,000 $800,455 $0 0.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 28 $20,310,000 $725,357 $0 0.00%
YORK-HANOVER, PA (FHA|USDA|VA) 13 $6,925,000 $532,692 $0 0.00%
Pottsville, PA (FHA|USDA|VA) 36 $3,780,000 $105,000 $0 0.00%
Sunbury, PA (FHA|USDA|VA) 29 $2,605,000 $89,828 $0 0.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $2,560,000 $1,280,000 $0 0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $2,105,000 $2,105,000 $0 0.00%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $0 0.00%
LEBANON, PA (FHA|USDA|VA) 4 $1,360,000 $340,000 $0 0.00%
SALISBURY, MD-DE (FHA|USDA|VA) 2 $1,290,000 $645,000 $0 0.00%
READING, PA (FHA|USDA|VA) 3 $1,155,000 $385,000 $0 0.00%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $695,000 $695,000 $0 0.00%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $635,000 $635,000 $0 0.00%
STATE COLLEGE, PA (FHA|USDA|VA) 3 $625,000 $208,333 $0 0.00%
Selinsgrove, PA (FHA|USDA|VA) 1 $575,000 $575,000 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
LYNCHBURG, VA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
The Gratz Bank's top markets include Harrisburg, Lancaster, Philadelphia, York, and Pottsville among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Similar Lenders

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

    Sail Mortgage Corp.
    Similarity Rank: 210
    ACNB Bank
    Similarity Rank: 280
    Integrity Home Mortgage Corp
    Similarity Rank: 464
    Foote Capital Mortgage Company
    Similarity Rank: 994
    Homesale Mortgage, LLC
    Similarity Rank: 1911
    Low VA Rates, LLC
    Similarity Rank: 1967

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 248 $102,890,000 $414,879 $0 0.00%

    For 2022, The Gratz Bank's most frequently originated type of loan was Conventional, with 248 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 83 $36,645,000 $441,506 $0 0.00%
    Refi 79 $48,475,000 $613,608 $0 0.00%
    Other 55 $14,405,000 $261,909 $0 0.00%
    Home Improvement 30 $3,210,000 $107,000 $0 0.00%
    Cash Out Refi 1 $155,000 $155,000 $0 0.00%

    For 2022, The Gratz Bank's most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Refi, with 79 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 248 $102,890,000 $414,879 $0 0.00%

    For 2022, The Gratz Bank's most frequently cited loan duration was Other, with 248 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 71 $18,815,000 $265,000 $0 0.00%
    $100,000 or less 67 $3,595,000 $53,657 $0 0.00%
    $100k-200k 64 $9,230,000 $144,219 $0 0.00%
    $1MM+ 24 $57,820,000 $2,409,167 $0 0.00%
    $400k-600k 12 $5,830,000 $485,833 $0 0.00%
    $600k-1MM 10 $7,600,000 $760,000 $0 0.00%

    2022 saw The Gratz Bank place emphasis on $200k-400k loans with 71 originations, totaling $18,815,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 38 $6,310,000 $166,053 $0 0.00%
    $50k-75k 38 $4,200,000 $110,526 $0 0.00%
    $250k+ 35 $18,135,000 $518,143 $0 0.00%
    $150k-250k 30 $7,780,000 $259,333 $0 0.00%
    $75k-100k 25 $2,755,000 $110,200 $0 0.00%
    $50k or less 14 $1,410,000 $100,714 $0 0.00%

    The Gratz Bank lent most frequently to those with incomes in the $100k-150k range, with 38 originations. The second most popular income band? $50k-75k, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 248 $102,890,000 $414,879 $0 0.00%

    The Gratz Bank lent most frequently to those with DTI ratios of Exempt%, with 248 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 63 $61,175,000 $971,032 $0 0.00%
    White 165 $36,395,000 $220,576 $0 0.00%
    Not provided 18 $4,610,000 $256,111 $0 0.00%
    Asian 2 $710,000 $355,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.58%

    The Gratz Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.48%

    The Gratz Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 248 $102,890,000 $414,879

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    248 $102,890,000 $414,879