Hyperion Bank Mortgage Rates, Fees & Info
Philadelphia, PALEI: 549300L7OFUBO6FHY884
Tax ID: 20-5859525
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Hyperion Bank is a smaller bank specializing in Refi and Home Purchase loans. Hyperion Bank has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Ocean City, Atlantic City, Crestview, and Atlanta among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Hyperion Bank has an above 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
52Origination Dollar Volume (All Markets)
$32,470,000Top 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) | 45 | $26,645,000 | $592,111 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $1,600,000 | $800,000 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $865,000 | $865,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 52 | $32,470,000 | $624,423 | $0 | 0.00% |
For 2023, Hyperion Bank's most frequently originated type of loan was Conventional, with 52 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 27 | $14,295,000 | $529,444 | $0 | 0.00% |
| Home Purchase | 21 | $16,955,000 | $807,381 | $0 | 0.00% |
| Home Improvement | 4 | $1,220,000 | $305,000 | $0 | 0.00% |
For 2023, Hyperion Bank's most frequently cited loan purpose was Refi, with 27 originations. The 2nd most popular reason was Home Purchase, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 52 | $32,470,000 | $624,423 | $0 | 0.00% |
For 2023, Hyperion Bank's most frequently cited loan duration was Other, with 52 originations.
Loan Sizing
2023 saw Hyperion Bank place emphasis on $400k-600k loans with 13 originations, totaling $6,465,000 in origination value.
Applicant Income
Hyperion Bank lent most frequently to those with incomes in the $250k+ range, with 2 originations. The second most popular income band? $100k-150k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 52 | $32,470,000 | $624,423 | $0 | 0.00% |
Hyperion Bank lent most frequently to those with DTI ratios of Exempt%, with 52 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.37%
Hyperion Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination65.38%
Hyperion Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 52 | $32,470,000 | $624,423 |