Apple Bank For Savings Mortgage Rates, Fees & Info
Manhasset, NYLEI: 549300N1UWZ4871DND44
Tax ID: 13-0822710
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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% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 30 Year Cash-out Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.68% | 11/17/24 |
| 15 Year Conventional Refi | 5.68% | 11/17/24 |
| 15 Year Cash-out Refi | 5.68% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
43Origination Dollar Volume (All Markets)
$293,695,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 43 | $293,695,000 | $6,830,116 | $0 | 5.53% |
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
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
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 applications99.76%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 43 | $293,695,000 | $6,830,116 |