Haven Savings Bank Mortgage Rates, Fees & Info

Hoboken, NJ

LEI: 549300O4MSB4K4FT2E90

Tax ID: 22-0981507

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Haven Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Haven Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Trenton, and Philadelphia among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Haven Savings Bank 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.

    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

    280

    Origination Dollar Volume (All Markets)

    $152,430,000

    Employee count

    106

    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) 272 $148,700,000 $546,691 $0 0.00%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 6 $2,770,000 $461,667 $0 0.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $960,000 $480,000 $0 0.00%
    Haven Savings Bank's top markets include New York, Trenton, and Philadelphia among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 280 $152,430,000 $544,393 $0 0.00%

    For 2018, Haven Savings Bank's most frequently originated type of loan was Conventional, with 280 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 198 $110,680,000 $558,990 $0 0.00%
    Refi 82 $41,750,000 $509,146 $0 0.00%

    For 2018, Haven Savings Bank's most frequently cited loan purpose was Home Purchase, with 198 originations. The 2nd most popular reason was Refi, with 82 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 280 $152,430,000 $544,393 $0 0.00%

    For 2018, Haven Savings Bank's most frequently cited loan duration was Other, with 280 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 89 $44,575,000 $500,843 $0 0.00%
    $200k-400k 75 $22,365,000 $298,200 $0 0.00%
    $600k-1MM 75 $54,135,000 $721,800 $0 0.00%
    $100k-200k 27 $4,005,000 $148,333 $0 0.00%
    $1MM+ 12 $27,180,000 $2,265,000 $0 0.00%
    $100,000 or less 2 $170,000 $85,000 $0 0.00%

    2018 saw Haven Savings Bank place emphasis on $400k-600k loans with 89 originations, totaling $44,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 94 $46,870,000 $498,617 $0 0.00%
    $250k+ 78 $52,700,000 $675,641 $0 0.00%
    $100k-150k 51 $16,845,000 $330,294 $0 0.00%
    $75k-100k 20 $4,760,000 $238,000 $0 0.00%
    $50k-75k 15 $2,545,000 $169,667 $0 0.00%
    $50k or less 4 $540,000 $135,000 $0 0.00%

    Haven Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 94 originations. The second most popular income band? $250k+, with 78 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 280 $152,430,000 $544,393 $0 0.00%

    Haven Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 280 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 178 $82,930,000 $465,899 $0 0.00%
    Not applicable 18 $28,170,000 $1,565,000 $0 0.00%
    Asian 41 $20,395,000 $497,439 $0 0.00%
    Not provided 34 $16,360,000 $481,176 $0 0.00%
    Black 6 $2,730,000 $455,000 $0 0.00%
    Asian Indian 1 $945,000 $945,000 $0 0.00%
    Chinese 1 $575,000 $575,000 $0 0.00%
    Native Hawaiian or Islander 1 $325,000 $325,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.04%

    Haven Savings Bank 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
    92.14%

    Haven Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 280 $152,430,000 $544,393

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $21,170,000 $1,764,167
    Single Family (1-4 Units):Site-Built 268 $131,260,000 $489,776

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Haven Savings Bank 1 West Mount Pleasant Avenue Livingston, NJ 7039 Full Service B&M $54,876
    Haven Savings Bank 1234 Paterson Plank Road Secaucus, NJ 7094 Full Service B&M $126,448
    Haven Savings Bank 177 Main Street Madison, NJ 7940 Full Service B&M $41,115
    Haven Savings Bank 184 Elm Street Westfield, NJ 7090 Full Service B&M $101,064
    Haven Savings Bank 201 Bellevue Avenue Montclair, NJ 7043 Full Service B&M $33,739
    Haven Savings Bank 301 Center Avenue Westwood, NJ 7675 Full Service B&M $72,937
    Haven Savings Bank 385 Springfield Avenue Summit, NJ 7901 Full Service B&M $77,942
    Haven Savings Bank 555 Springfield Avenue Berkeley Heights, NJ 7922 Full Service B&M $49,500
    Haven Savings Bank 621 Washington Street Hoboken, NJ 7030 Full Service B&M $189,812

    For 2018, Haven Savings Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $34,109
    Net interest income $23,529
    Total noninterest income $837
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $138
    Trading account gains and fees $0
    Additional Noninterest Income $699
    Pre-tax net operating income $2,846
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,045
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,045
    Minority interest net income $0
    Net income $2,045
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,045

    Haven Savings Bank's gross interest income from loans was $34,109,000.
    Haven Savings Bank's net interest income from loans was $23,529,000.
    Haven Savings Bank's fee based income from loans was $138,000.
    Haven Savings Bank's net income from loans was $2,045,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $10,580
    Provision for credit losses $250
    Total noninterest expense $21,270
    Salaries and employee benefits $13,863
    Premises and equipment expense $1,991
    Additional noninterest expense $5,416
    Applicable income taxes $801
    Net charge-offs $90
    Cash dividends $0

    Haven Savings Bank's interest expense for loans was $10,580,000.
    Haven Savings Bank's payroll and benefits expense were $13,863,000.
    Haven Savings Bank's property, plant and equipment expenses $1,991,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 3.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $764,079
    Deposits held in domestic offices $764,079
    Deposits by Individuals, partnerships, and corporations $761,250
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $2,829
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $128,108
    Demand deposits $71,082
    Nontransaction accounts $635,971
    Money market deposit accounts (MMDAs) $36,278
    Other savings deposits (excluding MMDAs) $98,422
    Total time deposits $501,272
    Total time and savings deposits $692,997
    Noninterest-bearing deposits $65,513
    Interest-bearing deposits $698,566
    Retail deposits $610,075
    IRAs and Keogh plan accounts $47,547
    Brokered deposits $46,652
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,016,527
    Cash & Balances due from depository institutions $19,678
    Interest-bearing balances $17,389
    Total securities $84,360
    Federal funds sold & reverse repurchase $0
    Net loans and leases $853,122
    Loan and leases loss allowance $4,297
    Trading account assets $0
    Bank premises and fixed assets $7,704
    Other real estate owned $921
    Goodwill and other intangibles $6,261
    All other assets $44,481

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,016,527
    Total Liabilities $909,817
    Total deposits $764,079
    Interest-bearing deposits $698,566
    Deposits held in domestic offices $764,079
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $2,270
    Trading liabilities $0
    Other borrowed funds $132,500
    Subordinated debt $0
    All other liabilities $10,968

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $853,122
    Loan and leases loss allowance $4,297
    Total loans and leases (domestic) $857,419
    All real estate loans $853,219
    Real estate loans in domestic offices $853,219
    Construction and development loans $6,940
    Residential 1-4 family construction $662
    Other construction, all land development and other land $6,278
    Loans secured by nonfarm nonresidential properties $127,168
    Nonfarm nonresidential secured by owner-occupied properties $52,262
    Commercial real estate & other non-farm, non-residential $74,906
    Multifamily residential real estate $77,492
    1-4 family residential loans $641,619
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $4,147
    To non-U.S. addressees $0
    Loans to individuals $54
    Credit card loans $0
    Related Plans $47
    Consumer Auto Loans $0
    Other loans to individuals $7
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $536
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Haven Savings Bank had $853,122,000 of loans outstanding in 2018. $853,219,000 of loans were in real estate loans. $6,940,000 of loans were in development loans. $77,492,000 of loans were in multifamily mortgage loans. $641,619,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 114 $45,748 $401,298
    Nonfarm, nonresidential loans - <$100k 2 $114 $57,000
    Nonfarm, nonresidential loans - $100-250k 14 $1,666 $119,000
    Nonfarm, nonresidential loans - $250k-1MM 98 $43,968 $448,653
    Commercial & Industrial, US addressed loans - <$1MM 20 $2,223 $111,150
    Commercial & Industrial, US addressed loans - <$100k 3 $6 $2,000
    Commercial & Industrial, US addressed loans - $100-250k 5 $297 $59,400
    Commercial & Industrial, US addressed loans - $250k-1MM 12 $1,920 $160,000