Apple Bank For Savings Mortgage Rates, Fees & Info

Manhasset, NY

LEI: 549300N1UWZ4871DND44

Tax ID: 13-0822710

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

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Mortgage Data

Review & Overview

Apple Bank For Savings is a smaller bank specializing in Cash Out Refi loans. Apple Bank For Savings has a high proportion of conventional loans. Their top (well, only) market is New York.

Apple Bank For Savings has an above average approval rate when compared to the average across all 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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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.27% 7/20/24
30 Year Conventional Refi 6.27% 7/20/24
30 Year Cash-out Refi 6.27% 7/20/24
15 Year Conventional Purchase 5.68% 7/20/24
15 Year Conventional Refi 5.68% 7/20/24
15 Year Cash-out Refi 5.68% 7/20/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Apple Bank For Savings Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Apple Bank For Savings. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

43

Origination Dollar Volume (All Markets)

$293,695,000

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
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 43 $293,695,000 $6,830,116 $0 5.53%
Apple Bank For Savings's top markets include and New York among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 43 $293,695,000 $6,830,116 $0 5.53%

    For 2023, Apple Bank For Savings's most frequently originated type of loan was Conventional, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 30 $219,200,000 $7,306,667 $0 5.40%
    Refi 8 $52,470,000 $6,558,750 $0 5.79%
    Home Improvement 5 $22,025,000 $4,405,000 $0 5.90%

    For 2023, Apple Bank For Savings's most frequently cited loan purpose was Cash Out Refi, with 30 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 34 $257,750,000 $7,580,882 $0 5.44%
    Other 8 $33,940,000 $4,242,500 $0 5.91%
    15 Year 1 $2,005,000 $2,005,000 $0 5.63%

    For 2023, Apple Bank For Savings's most frequently cited loan duration was 10 Year, with 34 originations. The 2nd most popular length was Other, with 8 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 36 $212,410,000 $5,900,278
    4-5% 3 $61,015,000 $20,338,333
    6-7% 3 $16,665,000 $5,555,000
    7-8% 1 $3,605,000 $3,605,000

    During 2023, Apple Bank For Savings's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 36 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 41 $292,255,000 $7,128,171 $0 5.52%
    $600k-1MM 2 $1,440,000 $720,000 $0 5.76%

    2023 saw Apple Bank For Savings place emphasis on $1MM+ loans with 41 originations, totaling $292,255,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 43 $293,695,000 $6,830,116 $0 5.53%

    Approval Rates

    Total approvals of all applications
    99.76%

    Apple Bank For Savings 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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 43 $293,695,000 $6,830,116

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    43 $293,695,000 $6,830,116

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $27,725,000 $5,545,000 $0 5.71%
    40-60% 8 $44,040,000 $5,505,000 $0 5.43%
    Under 20% 30 $221,930,000 $7,397,667 $0 5.53%