Maspeth Federal Savings And Loan Association Mortgage Rates, Fees & Info

New York, NY

LEI: 549300NGNH7M36LP4583

Tax ID: 11-1553555

Latest/2024 | 2023 Data | 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
  • Similar Lenders
  • 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

    Maspeth Federal Savings And Loan Association is a smaller mortgage company specializing in Home Purchase loans. Maspeth Federal Savings And Loan Association has a high proportion of conventional loans. Their top (well, only) market is New York.

    Maspeth Federal Savings And Loan Association has an 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

    69

    Origination Dollar Volume (All Markets)

    $38,915,000

    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) 69 $38,915,000 $563,986 $0 0.00%
    Maspeth Federal Savings And Loan Association's top markets include and New York among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Maspeth Federal Savings and Loan Association based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Columbia Bank
    Similarity Rank: 64
    N C P D Federal Credit Union
    Similarity Rank: 126
    BNB Bank
    Similarity Rank: 154
    ISLAND
    Similarity Rank: 260
    PCSB Bank
    Similarity Rank: 384
    Bogota Savings Bank
    Similarity Rank: 450
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 504
    Nassau Educators Federal Credit Union
    Similarity Rank: 504
    POLISH & SLAVIC FEDERAL CREDIT UNION
    Similarity Rank: 506
    SELF RELIANCE NY Federal Credit Union
    Similarity Rank: 518

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 69 $38,915,000 $563,986 $0 0.00%

    For 2024, Maspeth Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 69 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 56 $31,840,000 $568,571 $0 0.00%
    Cash Out Refi 6 $4,410,000 $735,000 $0 0.00%
    Home Improvement 4 $2,020,000 $505,000 $0 0.00%
    Refi 2 $560,000 $280,000 $0 0.00%
    Other 1 $85,000 $85,000 $0 0.00%

    For 2024, Maspeth Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 69 $38,915,000 $563,986 $0 0.00%

    For 2024, Maspeth Federal Savings And Loan Association's most frequently cited loan duration was Other, with 69 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 21 $10,425,000 $496,429 $0 0.00%
    $600k-1MM 20 $14,480,000 $724,000 $0 0.00%
    $200k-400k 15 $4,125,000 $275,000 $0 0.00%
    $1MM+ 6 $8,920,000 $1,486,667 $0 0.00%
    $100k-200k 5 $785,000 $157,000 $0 0.00%
    $100,000 or less 2 $180,000 $90,000 $0 0.00%

    2024 saw Maspeth Federal Savings And Loan Association place emphasis on $400k-600k loans with 21 originations, totaling $10,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 18 $8,100,000 $450,000 $0 0.00%
    $250k+ 13 $9,645,000 $741,923 $0 0.00%
    $100k-150k 7 $2,135,000 $305,000 $0 0.00%
    $75k-100k 4 $1,190,000 $297,500 $0 0.00%
    $50k-75k 3 $365,000 $121,667 $0 0.00%

    Maspeth Federal Savings And Loan Association lent most frequently to those with incomes in the $150k-250k range, with 18 originations. The second most popular income band? $250k+, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 69 $38,915,000 $563,986 $0 0.00%

    Maspeth Federal Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 69 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 24 $17,480,000 $728,333 $0 0.00%
    White 25 $13,335,000 $533,400 $0 0.00%
    Not provided 11 $4,655,000 $423,182 $0 0.00%
    Asian 6 $1,910,000 $318,333 $0 0.00%
    Asian Indian 2 $900,000 $450,000 $0 0.00%
    Other Asian 1 $635,000 $635,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.10%

    Maspeth Federal Savings And Loan Association has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.61%

    Maspeth Federal Savings And Loan Association has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 69 $38,915,000 $563,986

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    69 $38,915,000 $563,986