Asian Bank Mortgage Rates, Fees & Info
Philadelphia, PALEI: 549300MJ0Y817D63DD96
Tax ID: 23-2956401
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Mortgage Data
Review & Overview
Asian Bank is a smaller bank specializing in Home Purchase and 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.
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Originations
42Origination Dollar Volume (All Markets)
$12,330,000Top 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) | 42 | $12,330,000 | $293,571 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 42 | $12,330,000 | $293,571 | $0 | 0.00% |
For 2019, Asian Bank's most frequently originated type of loan was Conventional, with 42 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 35 | $9,285,000 | $265,286 | $0 | 0.00% |
| Refi | 6 | $2,720,000 | $453,333 | $0 | 0.00% |
| Home Improvement | 1 | $325,000 | $325,000 | $0 | 0.00% |
For 2019, Asian Bank's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 42 | $12,330,000 | $293,571 | $0 | 0.00% |
For 2019, Asian Bank's most frequently cited loan duration was Other, with 42 originations.
Loan Sizing
2019 saw Asian Bank place emphasis on $100k-200k loans with 17 originations, totaling $2,115,000 in origination value.
Applicant Income
Asian Bank lent most frequently to those with incomes in the $50k or less range, with 18 originations. The second most popular income band? $50k-75k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 42 | $12,330,000 | $293,571 | $0 | 0.00% |
Asian Bank lent most frequently to those with DTI ratios of Exempt%, with 42 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 12 | $6,440,000 | $536,667 | $0 | 0.00% |
| Asian | 30 | $5,890,000 | $196,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications94.12%
Asian Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.71%
Asian Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 42 | $12,330,000 | $293,571 |