Asian Bank Mortgage Rates, Fees & Info

Philadelphia, PA

LEI: 549300MJ0Y817D63DD96

Tax ID: 23-2956401

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Asian Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Asian Bank has a high proportion of conventional loans. Their top (well, only) market is Philadelphia.

    Asian 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.

    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

    29

    Origination Dollar Volume (All Markets)

    $13,205,000

    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) 29 $13,205,000 $455,345 $0 0.00%
    Asian Bank's top markets include and Philadelphia among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 29 $13,205,000 $455,345 $0 0.00%

    For 2023, Asian Bank's most frequently originated type of loan was Conventional, with 29 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 24 $10,280,000 $428,333 $0 0.00%
    Cash Out Refi 4 $2,770,000 $692,500 $0 0.00%
    Refi 1 $155,000 $155,000 $0 0.00%

    For 2023, Asian Bank's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 29 $13,205,000 $455,345 $0 0.00%

    For 2023, Asian Bank's most frequently cited loan duration was Other, with 29 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 12 $3,320,000 $276,667 $0 0.00%
    $100k-200k 5 $675,000 $135,000 $0 0.00%
    $400k-600k 5 $2,505,000 $501,000 $0 0.00%
    $600k-1MM 3 $2,495,000 $831,667 $0 0.00%
    $100,000 or less 2 $150,000 $75,000 $0 0.00%
    $1MM+ 2 $4,060,000 $2,030,000 $0 0.00%

    2023 saw Asian Bank place emphasis on $200k-400k loans with 12 originations, totaling $3,320,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 4 $4,240,000 $1,060,000 $0 0.00%
    $50k-75k 3 $575,000 $191,667 $0 0.00%
    $50k or less 3 $425,000 $141,667 $0 0.00%
    $150k-250k 2 $630,000 $315,000 $0 0.00%
    $100k-150k 1 $245,000 $245,000 $0 0.00%

    Asian Bank lent most frequently to those with incomes in the $250k+ range, with 4 originations. The second most popular income band? $50k-75k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 29 $13,205,000 $455,345 $0 0.00%

    Asian Bank lent most frequently to those with DTI ratios of Exempt%, with 29 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 16 $6,780,000 $423,750 $0 0.00%
    Asian 13 $6,425,000 $494,231 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Asian 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 origination
    72.41%

    Asian Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 29 $13,205,000 $455,345

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    29 $13,205,000 $455,345