The Dime Bank Mortgage Rates, Fees & Info
Honesdale, PALEI: 549300JSQZG5CD2LWR30
Tax ID: 24-0614380
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Mortgage Data
Review & Overview
The Dime Bank is a smaller bank specializing in Home Purchase loans. The Dime Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: New York, Scranton, Philadelphia, East Stroudsburg, and Poughkeepsie among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)The Dime 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
254Origination Dollar Volume (All Markets)
$37,540,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 106 | $14,030,000 | $132,358 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 90 | $12,540,000 | $139,333 | $0 | 0.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 52 | $8,660,000 | $166,538 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $835,000 | $835,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 253 | $37,435,000 | $147,964 | $0 | 0.00% |
| USDA | 1 | $105,000 | $105,000 | $0 | 0.00% |
For 2023, The Dime Bank's most frequently originated type of loan was Conventional, with 253 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2023, The Dime Bank's most frequently cited loan purpose was Home Purchase, with 82 originations. The 2nd most popular reason was Home Improvement, with 70 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 254 | $37,540,000 | $147,795 | $0 | 0.00% |
For 2023, The Dime Bank's most frequently cited loan duration was Other, with 254 originations.
Loan Sizing
2023 saw The Dime Bank place emphasis on $100,000 or less loans with 134 originations, totaling $6,080,000 in origination value.
Applicant Income
The Dime Bank lent most frequently to those with incomes in the $100k-150k range, with 52 originations. The second most popular income band? $50k-75k, with 41 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 254 | $37,540,000 | $147,795 | $0 | 0.00% |
The Dime Bank lent most frequently to those with DTI ratios of Exempt%, with 254 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.51%
The Dime Bank has an average approval rate.
Pick Rate
Approvals leading to origination87.01%
The Dime Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 254 | $37,540,000 | $147,795 |