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

New York, NY

LEI: 549300NGNH7M36LP4583

Tax ID: 11-1553555

Latest/2023 | 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

    104

    Origination Dollar Volume (All Markets)

    $65,600,000

    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) 104 $65,600,000 $630,769 $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.

    N C P D Federal Credit Union
    Similarity Rank: 126
    Columbia Bank
    Similarity Rank: 156
    The First National Bank of Long Island
    Similarity Rank: 158
    GREATER ALLIANCE
    Similarity Rank: 168
    Blue Foundry Bank
    Similarity Rank: 188
    PCSB Bank
    Similarity Rank: 207
    American Broadcast Employees Federal Credit Union
    Similarity Rank: 209
    LYONS MORTGAGE SERVICES, INC.
    Similarity Rank: 267
    Bogota Savings Bank
    Similarity Rank: 351
    SELF RELIANCE NY Federal Credit Union
    Similarity Rank: 442

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 104 $65,600,000 $630,769 $0 0.00%

    For 2023, Maspeth Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 104 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 87 $56,485,000 $649,253 $0 0.00%
    Home Improvement 6 $3,440,000 $573,333 $0 0.00%
    Cash Out Refi 6 $2,240,000 $373,333 $0 0.00%
    Refi 5 $3,435,000 $687,000 $0 0.00%

    For 2023, Maspeth Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 87 originations. The 2nd most popular reason was Home Improvement, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 104 $65,600,000 $630,769 $0 0.00%

    For 2023, Maspeth Federal Savings And Loan Association's most frequently cited loan duration was Other, with 104 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 37 $28,075,000 $758,784 $0 0.00%
    $400k-600k 32 $15,470,000 $483,438 $0 0.00%
    $200k-400k 17 $5,045,000 $296,765 $0 0.00%
    $1MM+ 10 $15,790,000 $1,579,000 $0 0.00%
    $100k-200k 7 $1,125,000 $160,714 $0 0.00%
    $100,000 or less 1 $95,000 $95,000 $0 0.00%

    2023 saw Maspeth Federal Savings And Loan Association place emphasis on $600k-1MM loans with 37 originations, totaling $28,075,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 17 $7,795,000 $458,529 $0 0.00%
    $150k-250k 15 $7,965,000 $531,000 $0 0.00%
    $75k-100k 8 $2,970,000 $371,250 $0 0.00%
    $250k+ 6 $6,110,000 $1,018,333 $0 0.00%
    $50k-75k 6 $1,950,000 $325,000 $0 0.00%

    Maspeth Federal Savings And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $150k-250k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 104 $65,600,000 $630,769 $0 0.00%

    Maspeth Federal Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 104 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 51 $38,385,000 $752,647 $0 0.00%
    White 29 $15,065,000 $519,483 $0 0.00%
    Not provided 14 $6,920,000 $494,286 $0 0.00%
    Asian 6 $3,020,000 $503,333 $0 0.00%
    Other Asian 1 $675,000 $675,000 $0 0.00%
    American Indian 1 $635,000 $635,000 $0 0.00%
    Chinese 1 $605,000 $605,000 $0 0.00%
    Black 1 $295,000 $295,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.31%

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

    Pick Rate

    Approvals leading to origination
    82.69%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 104 $65,600,000 $630,769

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    104 $65,600,000 $630,769