The Gratz Bank Mortgage Rates, Fees & Info
Gratz, PALEI: 549300J0CKZA0PR2DX58
Tax ID: 23-0641835
Latest/2023 | 2022 Data | 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: Philadelphia, Harrisburg, Pottsville, York, and Lancaster 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 average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
220Origination Dollar Volume (All Markets)
$80,290,000Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 29 | $24,335,000 | $839,138 | $0 | 0.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 69 | $23,645,000 | $342,681 | $0 | 0.00% |
| Pottsville, PA (FHA|USDA|VA) | 52 | $6,340,000 | $121,923 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 13 | $5,215,000 | $401,154 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 14 | $3,210,000 | $229,286 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $2,605,000 | $2,605,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $2,395,000 | $798,333 | $0 | 0.00% |
| Sunbury, PA (FHA|USDA|VA) | 19 | $2,275,000 | $119,737 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 3 | $1,835,000 | $611,667 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $1,690,000 | $422,500 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $1,250,000 | $625,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $1,240,000 | $620,000 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| LEBANON, PA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 220 | $80,290,000 | $364,955 | $0 | 0.00% |
For 2023, The Gratz Bank's most frequently originated type of loan was Conventional, with 220 originations.
Loan Reason
For 2023, The Gratz Bank's most frequently cited loan purpose was Home Purchase, with 93 originations. The 2nd most popular reason was Refi, with 61 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 220 | $80,290,000 | $364,955 | $0 | 0.00% |
For 2023, The Gratz Bank's most frequently cited loan duration was Other, with 220 originations.
Loan Sizing
2023 saw The Gratz Bank place emphasis on $100,000 or less loans with 63 originations, totaling $3,475,000 in origination value.
Applicant Income
The Gratz Bank lent most frequently to those with incomes in the $150k-250k range, with 36 originations. The second most popular income band? $50k-75k, with 36 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 220 | $80,290,000 | $364,955 | $0 | 0.00% |
The Gratz Bank lent most frequently to those with DTI ratios of Exempt%, with 220 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.68%
The Gratz Bank has an average approval rate.
Pick Rate
Approvals leading to origination90.91%
The Gratz Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 220 | $80,290,000 | $364,955 |