The Gratz Bank Mortgage Rates, Fees & Info
Gratz, PALEI: 549300J0CKZA0PR2DX58
Tax ID: 23-0641835
Latest/2024 | 2023 Data | 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: Salisbury, Philadelphia, Washington, Baltimore, and Harrisburg 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 a below average pick rate when compared to similar lenders.
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Originations
270Origination Dollar Volume (All Markets)
$106,360,000Top 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 |
|---|---|---|---|---|---|
| SALISBURY, MD-DE (FHA|USDA|VA) | 44 | $22,400,000 | $509,091 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 28 | $15,240,000 | $544,286 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 41 | $14,225,000 | $346,951 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 9 | $14,045,000 | $1,560,556 | $0 | 0.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 57 | $13,955,000 | $244,825 | $0 | 0.00% |
| Outside of Metro Areas | 17 | $5,205,000 | $306,176 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 18 | $5,100,000 | $283,333 | $0 | 0.00% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $2,635,000 | $2,635,000 | $0 | 0.00% |
| Easton, MD (FHA|USDA|VA) | 1 | $2,475,000 | $2,475,000 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 12 | $2,260,000 | $188,333 | $0 | 0.00% |
| Pottsville, PA (FHA|USDA|VA) | 20 | $1,990,000 | $99,500 | $0 | 0.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $1,455,000 | $1,455,000 | $0 | 0.00% |
| Sunbury, PA (FHA|USDA|VA) | 12 | $1,360,000 | $113,333 | $0 | 0.00% |
| DOVER, DE (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 0.00% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 0.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 269 | $106,105,000 | $394,442 | $0 | 0.00% |
| VA | 1 | $255,000 | $255,000 | $0 | 0.00% |
For 2024, The Gratz Bank's most frequently originated type of loan was Conventional, with 269 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2024, The Gratz Bank's most frequently cited loan purpose was Home Purchase, with 127 originations. The 2nd most popular reason was Home Improvement, with 63 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 270 | $106,360,000 | $393,926 | $0 | 0.00% |
For 2024, The Gratz Bank's most frequently cited loan duration was Other, with 270 originations.
Loan Sizing
2024 saw The Gratz Bank place emphasis on $200k-400k loans with 79 originations, totaling $22,245,000 in origination value.
Applicant Income
The Gratz Bank lent most frequently to those with incomes in the $250k+ range, with 45 originations. The second most popular income band? $100k-150k, with 41 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 270 | $106,360,000 | $393,926 | $0 | 0.00% |
The Gratz Bank lent most frequently to those with DTI ratios of Exempt%, with 270 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.76%
The Gratz Bank has a below average approval rate.
Pick Rate
Approvals leading to origination78.15%
The Gratz Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 270 | $106,360,000 | $393,926 |