Republic Bank Mortgage Rates, Fees & Info

Philadelphia, PA

LEI: 549300JNTZTF40KCOF79

Tax ID: 23-2479933

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Mortgage Data

Bank Data

Review & Overview

Republic Bank is a smaller bank specializing in Home Purchase loans. Republic Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, Ocean City, Atlantic City, New York, and Trenton among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

Republic 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. Republic Bank is typically an average 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 7.02% 12/16/24
30 Year Conventional Purchase 5.16% 12/16/24
30 Year Conventional Refi 5.94% 12/16/24
30 Year Cash-out Refi 5.94% 12/16/24
30 Year FHA Purchase 7.36% 12/16/24
30 Year FHA Refi 7.03% 12/16/24
30 Year VA Purchase 6.31% 12/16/24
30 Year USDA Purchase 5.97% 12/16/24
15 Year Conventional Purchase 6.07% 12/16/24
15 Year Conventional Refi 5.77% 12/16/24
15 Year Cash-out Refi 5.77% 12/16/24
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.

Republic Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Republic Bank. 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

2,029

Origination Dollar Volume (All Markets)

$466,445,000

Employee count

502

Awards

Republic Bank 30 Year Conventional Loans silver Republic Bank FHA Loans silver Republic Bank 30 Year Conventional Loans bronze
Show all (3) 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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1,514 $327,420,000 $216,262 $4,426 4.83%
OCEAN CITY, NJ (FHA|USDA|VA) 223 $71,625,000 $321,188 $4,388 4.68%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 159 $31,625,000 $198,899 $4,929 4.90%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 66 $21,740,000 $329,394 $5,095 4.80%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 26 $5,570,000 $214,231 $5,180 4.73%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 9 $1,465,000 $162,778 $4,004 4.78%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 9 $1,385,000 $153,889 $3,704 5.21%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $720,000 $360,000 $3,593 4.38%
GETTYSBURG, PA (FHA|USDA|VA) 2 $610,000 $305,000 $5,444 5.75%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $600,000 $300,000 $5,568 4.88%
LANCASTER, PA (FHA|USDA|VA) 2 $490,000 $245,000 $4,074 5.13%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $365,000 $365,000 $4,852 4.75%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $350,000 $175,000 $2,655 4.56%
LEBANON, PA (FHA|USDA|VA) 1 $335,000 $335,000 $3,864 4.50%
Key West, FL (FHA|USDA|VA) 1 $315,000 $315,000 $0 5.75%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $305,000 $305,000 $9,300 4.50%
SALISBURY, MD-DE (FHA|USDA|VA) 2 $290,000 $145,000 $2,967 4.94%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $275,000 $275,000 $5,502 4.13%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 5.38%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $205,000 $205,000 $2,844 4.88%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $205,000 $205,000 $22,510 5.25%
DOVER, DE (FHA|USDA|VA) 1 $145,000 $145,000 $8,601 5.00%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $95,000 $95,000 $3,275 5.50%
OCALA, FL (FHA|USDA|VA) 1 $95,000 $95,000 $2,916 4.25%
Republic Bank's top markets include Philadelphia, Ocean City, Atlantic City, New York, and Trenton among others.

Their top states include:
  • New Jersey (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,230 $320,670,000 $260,707 $3,483 4.73%
    FHA 433 $78,055,000 $180,266 $6,638 4.95%
    HELOC 273 $45,135,000 $165,330 n/a 5.04%
    VA 67 $17,995,000 $268,582 $7,500 4.70%
    USDA 26 $4,590,000 $176,538 $4,733 4.75%

    For 2018, Republic Bank's most frequently originated type of loan was Conventional, with 1,230 originations. Their 2nd most popular type was FHA, with 433 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,494 $364,400,000 $243,909 $4,988 4.78%
    Home Improvement 237 $38,315,000 $161,667 $201 5.14%
    Refi 156 $35,410,000 $226,987 $2,153 4.59%
    Other 76 $8,360,000 $110,000 $672 5.04%
    Cash Out Refi 66 $19,960,000 $302,424 $4,922 4.81%

    For 2018, Republic Bank's most frequently cited loan purpose was Home Purchase, with 1,494 originations. The 2nd most popular reason was Home Improvement, with 237 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,540 $358,340,000 $232,688 $5,065 4.82%
    15 Year 278 $33,030,000 $118,813 $1,186 4.94%
    20 Year 96 $25,820,000 $268,958 $3,951 4.46%
    5 Year 55 $32,955,000 $599,182 $5 4.77%
    10 Year 38 $5,170,000 $136,053 $479 4.82%
    Other 15 $5,905,000 $393,667 $324 4.68%
    30+ year 4 $1,510,000 $377,500 $9,163 5.59%
    1 Year 2 $1,010,000 $505,000 $0 5.13%
    3 Year 1 $2,705,000 $2,705,000 $0 4.45%

    For 2018, Republic Bank's most frequently cited loan duration was 30 Year, with 1,540 originations. The 2nd most popular length was 15 Year, with 278 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,458 $327,060,000 $224,321
    $1k-2k 123 $23,985,000 $195,000
    $2k-3k 35 $8,265,000 $236,143
    $3k-4k 7 $1,905,000 $272,143
    $5k+ 5 $2,135,000 $427,000
    $4k-5k 4 $1,030,000 $257,500

    Republic Bank's average total fees were $5,065, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,458 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,350 $334,390,000 $247,696
    5-6% 468 $78,430,000 $167,585
    3-4% 151 $48,925,000 $324,007
    6-7% 50 $4,340,000 $86,800
    7-8% 9 $345,000 $38,333
    Over 8% 1 $15,000 $15,000

    During 2018, Republic Bank's average interest rate for loans was 4.82%, while their most frequently originated rate bucket for loans was 4-5%, with 1,350 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 758 $113,290,000 $149,459 $4,381 4.86%
    $200k-400k 691 $190,895,000 $276,259 $5,665 4.62%
    $100,000 or less 391 $23,475,000 $60,038 $1,505 5.27%
    $400k-600k 119 $56,365,000 $473,655 $5,224 4.42%
    $600k-1MM 47 $34,595,000 $736,064 $5,688 4.41%
    $1MM+ 23 $47,825,000 $2,079,348 $5,540 4.66%

    2018 saw Republic Bank place emphasis on $100k-200k loans with 758 originations, totaling $113,290,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 397 $61,915,000 $155,957 $4,686 4.88%
    $100k-150k 395 $83,975,000 $212,595 $4,741 4.80%
    $150k-250k 369 $93,425,000 $253,184 $4,135 4.76%
    $75k-100k 335 $66,685,000 $199,060 $4,920 4.86%
    $50k or less 244 $29,100,000 $119,262 $4,146 4.89%
    $250k+ 230 $86,450,000 $375,870 $4,039 4.68%

    Republic Bank lent most frequently to those with incomes in the $50k-75k range, with 397 originations. The second most popular income band? $100k-150k, with 395 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 376 $75,860,000 $201,755 $3,927 4.88%
    20-30% 374 $82,630,000 $220,936 $3,860 4.75%
    42% 122 $24,540,000 $201,148 $3,787 4.76%
    <20% 121 $24,145,000 $199,545 $3,202 4.79%
    41% 93 $18,605,000 $200,054 $4,090 4.81%
    50-60% 83 $17,815,000 $214,639 $7,356 4.73%
    43% 78 $16,770,000 $215,000 $4,756 4.82%
    38% 77 $17,515,000 $227,468 $5,560 4.82%
    39% 77 $21,205,000 $275,390 $4,187 4.76%
    40% 75 $16,195,000 $215,933 $5,398 4.82%
    44% 74 $14,790,000 $199,865 $6,053 4.82%
    49% 69 $13,145,000 $190,507 $4,677 4.95%
    37% 68 $15,700,000 $230,882 $3,894 4.86%
    46% 61 $12,195,000 $199,918 $5,214 4.86%
    48% 60 $15,240,000 $254,000 $5,055 4.86%
    36% 59 $9,895,000 $167,712 $3,724 4.80%
    47% 58 $13,140,000 $226,552 $5,297 4.83%
    45% 53 $11,685,000 $220,472 $5,531 4.86%
    >60% 3 $535,000 $178,333 $3,350 5.21%

    Republic Bank lent most frequently to those with DTI ratios of 30-36%, with 376 originations. The next most common DTI ratio? 20-30%, with 374 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,674 $367,420,000 $219,486 $4,392 4.80%
    Not applicable 40 $40,130,000 $1,003,250 $0 4.89%
    Not provided 126 $22,370,000 $177,540 $4,555 4.96%
    Black 121 $21,505,000 $177,727 $5,955 4.95%
    Asian 55 $12,555,000 $228,273 $4,277 4.69%
    Asian Indian 5 $1,115,000 $223,000 $6,609 4.54%
    American Indian 3 $495,000 $165,000 $3,329 4.87%
    Chinese 1 $385,000 $385,000 $0 3.99%
    Native Hawaiian or Islander 2 $300,000 $150,000 $4,863 4.81%
    Korean 2 $170,000 $85,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    85.10%

    Republic Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.64%

    Republic Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,029 $466,445,000 $229,889

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 21 $35,435,000 $1,687,381
    Single Family (1-4 Units):Site-Built 2,008 $431,010,000 $214,646

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 166 $23,920,000 $144,096 $1,225 4.86%
    40-60% 115 $34,025,000 $295,870 $3,000 4.61%
    60-80% 446 $147,410,000 $330,516 $3,902 4.67%
    80-100% 1,057 $238,855,000 $225,974 $5,180 4.79%
    Over 100% 30 $9,380,000 $312,667 $14,872 4.86%
    Under 20% 215 $12,855,000 $59,791 $141 5.35%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Republic Bank 100 William Dalton Drive Glassboro, NJ 8028 Full Service B&M $101,410
    Republic Bank 101 Laurel Oak Road Voorhees, NJ 8043 Full Service B&M $199,591
    Republic Bank 1408 Old York Road Abington, PA 19001 Full Service B&M $80,313
    Republic Bank 1601 Market Street Philadelphia, PA 19103 Full Service B&M $302,079
    Republic Bank 1601 Walnut Street Philadelphia, PA 19103 Full Service B&M $157,669
    Republic Bank 1818 Market Street Philadelphia, PA 19103 Full Service B&M $106,230
    Republic Bank 2 Skeet Road Medford, NJ 8055 Full Service B&M $69,108
    Republic Bank 220 Route 73 North West Berlin, NJ 8091 Full Service B&M $57,665
    Republic Bank 230 Marter Avenue Moorestown, NJ 8057 Full Service B&M $86,799
    Republic Bank 30 Kings Highway East Haddonfield, NJ 8033 Full Service B&M $151,431
    Republic Bank 333 E City Avenue Bala Cynwyd, PA 19004 Full Service B&M $17,953
    Republic Bank 35 East Wynnewood Road Wynnewood, PA 19096 Full Service B&M $72,612
    Republic Bank 399 Route 70 East Cherry Hill, NJ 8034 Full Service B&M $250,548
    Republic Bank 401 Ganttown Road Sewell, NJ 8080 Full Service B&M $68,970
    Republic Bank 421 West Germantown Pike Plymouth Meeting, PA 19462 Full Service B&M $80,085
    Republic Bank 448 East Baltimore Avenue Media, PA 19063 Full Service B&M $95,202
    Republic Bank 475 Haddonfield Road Cherry Hill, NJ 8002 Full Service B&M $50,902
    Republic Bank 50 South 16th Street, Suite 2400 Philadelphia, PA 19102 Full Service B&M $0
    Republic Bank 525 Route 73 N, Suites 100-101 Marlton, NJ 8053 Full Service B&M $0
    Republic Bank 599 S. Oxford Valley Rd Fairless Hills, PA 19030 Full Service B&M $3,781
    Republic Bank 610 Cross Keys Road Sicklerville, NJ 8081 Full Service B&M $12,692
    Republic Bank 7300 Frankford Avenue Philadelphia, PA 19136 Full Service B&M $37,245
    Republic Bank 780 Route 70 West Marlton, NJ 8053 Full Service B&M $50,528
    Republic Bank 833 Chestnut Street Suite 170 Philadelphia, PA 19107 Full Service B&M $51,501
    Republic Bank 8764 Frankford Avenue Philadelphia, PA 19136 Full Service B&M $60,807

    For 2018, Republic Bank had 25 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $92,861
    Net interest income $77,132
    Total noninterest income $19,589
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,116
    Trading account gains and fees $0
    Additional Noninterest Income $17,473
    Pre-tax net operating income $15,671
    Securities gains (or losses, -) $-67
    Income before extraordinary items $12,386
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,386
    Minority interest net income $0
    Net income $12,386
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $12,438

    Republic Bank's gross interest income from loans was $92,861,000.
    Republic Bank's net interest income from loans was $77,132,000.
    Republic Bank's fee based income from loans was $2,116,000.
    Republic Bank's net income from loans was $12,386,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $15,729
    Provision for credit losses $2,300
    Total noninterest expense $78,750
    Salaries and employee benefits $42,106
    Premises and equipment expense $13,585
    Additional noninterest expense $23,059
    Applicable income taxes $3,218
    Net charge-offs $2,284
    Cash dividends $0

    Republic Bank's interest expense for loans was $15,729,000.
    Republic Bank's payroll and benefits expense were $42,106,000.
    Republic Bank's property, plant and equipment expenses $13,585,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 1.0%
    All other family 0.0%
    Commercial & industrial loans 2.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $2,421,006
    Deposits held in domestic offices $2,421,006
    Deposits by Individuals, partnerships, and corporations $1,550,221
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $870,785
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $742,363
    Demand deposits $260,568
    Nontransaction accounts $1,678,643
    Money market deposit accounts (MMDAs) $1,317,594
    Other savings deposits (excluding MMDAs) $206,793
    Total time deposits $154,256
    Total time and savings deposits $2,160,438
    Noninterest-bearing deposits $260,568
    Interest-bearing deposits $2,160,438
    Retail deposits $2,299,382
    IRAs and Keogh plan accounts $7,070
    Brokered deposits $18,565
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,745,396
    Cash & Balances due from depository institutions $72,473
    Interest-bearing balances $36,788
    Total securities $1,082,577
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,454,274
    Loan and leases loss allowance $8,615
    Trading account assets $0
    Bank premises and fixed assets $87,661
    Other real estate owned $6,223
    Goodwill and other intangibles $9,796
    All other assets $32,392

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,745,396
    Total Liabilities $2,524,532
    Total deposits $2,421,006
    Interest-bearing deposits $2,160,438
    Deposits held in domestic offices $2,421,006
    % insured (estimated) $33
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $91,422
    Subordinated debt $0
    All other liabilities $12,104

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,454,274
    Loan and leases loss allowance $8,615
    Total loans and leases (domestic) $1,462,889
    All real estate loans $1,265,947
    Real estate loans in domestic offices $1,265,947
    Construction and development loans $122,060
    Residential 1-4 family construction $48,084
    Other construction, all land development and other land $73,976
    Loans secured by nonfarm nonresidential properties $754,341
    Nonfarm nonresidential secured by owner-occupied properties $373,016
    Commercial real estate & other non-farm, non-residential $381,325
    Multifamily residential real estate $70,603
    1-4 family residential loans $317,941
    Farmland loans $1,002
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $136,354
    To non-U.S. addressees $0
    Loans to individuals $1,630
    Credit card loans $0
    Related Plans $1,231
    Consumer Auto Loans $0
    Other loans to individuals $399
    All other loans & leases $59,250
    Loans to foreign governments and official institutions $0
    Other loans $6,803
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $14,050
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $6,316
    Non 1-4 family restructured loans & leases $6,316
    Total loans and leases (foreign) $0

    Republic Bank had $1,454,274,000 of loans outstanding in 2018. $1,265,947,000 of loans were in real estate loans. $122,060,000 of loans were in development loans. $70,603,000 of loans were in multifamily mortgage loans. $317,941,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 533 $161,439 $302,887
    Nonfarm, nonresidential loans - <$100k 74 $4,235 $57,230
    Nonfarm, nonresidential loans - $100-250k 174 $25,833 $148,466
    Nonfarm, nonresidential loans - $250k-1MM 285 $131,371 $460,951
    Commercial & Industrial, US addressed loans - <$1MM 485 $61,785 $127,392
    Commercial & Industrial, US addressed loans - <$100k 238 $7,419 $31,172
    Commercial & Industrial, US addressed loans - $100-250k 131 $16,104 $122,931
    Commercial & Industrial, US addressed loans - $250k-1MM 116 $38,262 $329,845
    Farmland loans - <$1MM 2 $372 $186,000
    Farmland loans - $100-250k 2 $372 $186,000