Ponce Bank Mortgage Rates, Fees & Info
New York, NYLEI: 549300K0ZDYG8YJZ3L95
Tax ID: 82-2922475
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Ponce Bank is a smaller bank specializing in Home Purchase loans. Ponce Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Las Vegas, Buffalo, Philadelphia, and Scranton among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Ponce 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.
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
153Origination Dollar Volume (All Markets)
$167,105,000Top Markets
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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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 129 | $158,195,000 | $1,226,318 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $3,005,000 | $3,005,000 | $0 | 0.00% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 7 | $1,345,000 | $192,143 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $1,030,000 | $515,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $0 | 0.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $0 | 0.00% |
| BINGHAMTON, NY (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Ponce 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 | 151 | $166,055,000 | $1,099,702 | $0 | 0.00% |
| FHA | 2 | $1,050,000 | $525,000 | $0 | 0.00% |
For 2024, Ponce Bank's most frequently originated type of loan was Conventional, with 151 originations. Their 2nd most popular type was FHA, with 2 originations.
Loan Reason
For 2024, Ponce Bank's most frequently cited loan purpose was Home Purchase, with 133 originations. The 2nd most popular reason was Other, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 153 | $167,105,000 | $1,092,190 | $0 | 0.00% |
For 2024, Ponce Bank's most frequently cited loan duration was Other, with 153 originations.
Loan Sizing
2024 saw Ponce Bank place emphasis on $400k-600k loans with 45 originations, totaling $23,025,000 in origination value.
Applicant Income
Ponce Bank lent most frequently to those with incomes in the $100k-150k range, with 40 originations. The second most popular income band? $150k-250k, with 35 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 153 | $167,105,000 | $1,092,190 | $0 | 0.00% |
Ponce Bank lent most frequently to those with DTI ratios of Exempt%, with 153 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.78%
Ponce Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.62%
Ponce Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 153 | $167,105,000 | $1,092,190 |