Signature Bank N.a. Mortgage Rates, Fees & Info
Toledo, OHLEI: 549300MONA3L2BDK8Q22
Tax ID: 01-0633339
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Signature Bank N.a. is a smaller bank specializing in Home Purchase loans. Signature Bank N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Toledo, Naples, Cape Coral, Monroe, and Ann Arbor among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Signature Bank N.a. has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
67Origination Dollar Volume (All Markets)
$69,775,000Top 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 |
|---|---|---|---|---|---|
| TOLEDO, OH (FHA|USDA|VA) | 38 | $44,910,000 | $1,181,842 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $7,900,000 | $1,975,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $3,620,000 | $905,000 | $0 | 0.00% |
| MONROE, MI (FHA|USDA|VA) | 5 | $2,105,000 | $421,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $1,725,000 | $575,000 | $0 | 0.00% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 0.00% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $1,335,000 | $1,335,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,085,000 | $1,085,000 | $0 | 0.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $0 | 0.00% |
| JACKSON, MI (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $0 | 0.00% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 0.00% |
| Fremont, OH (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Tiffin, OH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Coldwater, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 67 | $69,775,000 | $1,041,418 | $0 | 0.00% |
For 2024, Signature Bank N.a.'s most frequently originated type of loan was Conventional, with 67 originations.
Loan Reason
For 2024, Signature Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Other, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 67 | $69,775,000 | $1,041,418 | $0 | 0.00% |
For 2024, Signature Bank N.a.'s most frequently cited loan duration was Other, with 67 originations.
Loan Sizing
2024 saw Signature Bank N.a. place emphasis on $1MM+ loans with 17 originations, totaling $51,275,000 in origination value.
Applicant Income
Signature Bank N.a. lent most frequently to those with incomes in the $250k+ range, with 29 originations. The second most popular income band? $100k-150k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 67 | $69,775,000 | $1,041,418 | $0 | 0.00% |
Signature Bank N.a. lent most frequently to those with DTI ratios of Exempt%, with 67 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.00%
Signature Bank N.a. has an average approval rate.
Pick Rate
Approvals leading to origination97.01%
Signature Bank N.a. has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 67 | $69,775,000 | $1,041,418 |