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 two markets are New York and Philadelphia .

    Haven Savings Bank has an above 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

    118

    Origination Dollar Volume (All Markets)

    $77,230,000

    Employee count

    107

    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) 117 $77,085,000 $658,846 $0 0.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Haven Savings Bank's top markets include New York and Philadelphia among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 118 $77,230,000 $654,492 $0 0.00%

    For 2019, Haven Savings Bank's most frequently originated type of loan was Conventional, with 118 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 62 $29,400,000 $474,194 $0 0.00%
    Refi 56 $47,830,000 $854,107 $0 0.00%

    For 2019, Haven Savings Bank's most frequently cited loan purpose was Home Purchase, with 62 originations. The 2nd most popular reason was Refi, with 56 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 118 $77,230,000 $654,492 $0 0.00%

    For 2019, Haven Savings Bank's most frequently cited loan duration was Other, with 118 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 36 $10,940,000 $303,889 $0 0.00%
    $400k-600k 25 $12,535,000 $501,400 $0 0.00%
    $600k-1MM 24 $17,300,000 $720,833 $0 0.00%
    $1MM+ 17 $34,055,000 $2,003,235 $0 0.00%
    $100k-200k 16 $2,400,000 $150,000 $0 0.00%

    2019 saw Haven Savings Bank place emphasis on $200k-400k loans with 36 originations, totaling $10,940,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 32 $14,490,000 $452,813 $0 0.00%
    $250k+ 31 $21,095,000 $680,484 $0 0.00%
    $100k-150k 23 $7,325,000 $318,478 $0 0.00%
    $75k-100k 8 $1,480,000 $185,000 $0 0.00%
    $50k-75k 6 $1,100,000 $183,333 $0 0.00%
    $50k or less 2 $840,000 $420,000 $0 0.00%

    Haven Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 32 originations. The second most popular income band? $250k+, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 118 $77,230,000 $654,492 $0 0.00%

    Haven Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 118 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 82 $38,720,000 $472,195 $0 0.00%
    Not applicable 14 $29,970,000 $2,140,714 $0 0.00%
    Asian 8 $4,440,000 $555,000 $0 0.00%
    Not provided 9 $2,765,000 $307,222 $0 0.00%
    Black 4 $1,110,000 $277,500 $0 0.00%
    Other Asian 1 $225,000 $225,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.95%

    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
    85.59%

    Haven Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 118 $77,230,000 $654,492

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $26,840,000 $2,236,667
    Single Family (1-4 Units):Site-Built 106 $50,390,000 $475,377

    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 $55,177
    Haven Savings Bank 1234 Paterson Plank Road Secaucus, NJ 7094 Full Service B&M $125,329
    Haven Savings Bank 177 Main Street Madison, NJ 7940 Full Service B&M $46,213
    Haven Savings Bank 184 Elm Street Westfield, NJ 7090 Full Service B&M $100,155
    Haven Savings Bank 201 Bellevue Avenue Montclair, NJ 7043 Full Service B&M $35,662
    Haven Savings Bank 301 Center Avenue Westwood, NJ 7675 Full Service B&M $80,666
    Haven Savings Bank 385 Springfield Avenue Summit, NJ 7901 Full Service B&M $74,842
    Haven Savings Bank 555 Springfield Avenue Berkeley Heights, NJ 7922 Full Service B&M $52,809
    Haven Savings Bank 621 Washington Street Hoboken, NJ 7030 Full Service B&M $212,855

    For 2019, Haven Savings Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $35,971
    Net interest income $20,627
    Total noninterest income $1,769
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $154
    Trading account gains and fees $0
    Additional Noninterest Income $1,615
    Pre-tax net operating income $1,304
    Securities gains (or losses, -) $142
    Income before extraordinary items $1,227
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,227
    Minority interest net income $0
    Net income $1,227
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,106

    Haven Savings Bank's gross interest income from loans was $35,971,000.
    Haven Savings Bank's net interest income from loans was $20,627,000.
    Haven Savings Bank's fee based income from loans was $154,000.
    Haven Savings Bank's net income from loans was $1,227,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $15,344
    Provision for credit losses $333
    Total noninterest expense $20,759
    Salaries and employee benefits $13,824
    Premises and equipment expense $1,990
    Additional noninterest expense $4,945
    Applicable income taxes $219
    Net charge-offs $175
    Cash dividends $0

    Haven Savings Bank's interest expense for loans was $15,344,000.
    Haven Savings Bank's payroll and benefits expense were $13,824,000.
    Haven Savings Bank's property, plant and equipment expenses $1,990,000.

    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 3.0%
    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 $765,557
    Deposits held in domestic offices $765,557
    Deposits by Individuals, partnerships, and corporations $760,814
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,744
    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 $122,868
    Demand deposits $65,071
    Nontransaction accounts $642,690
    Money market deposit accounts (MMDAs) $38,183
    Other savings deposits (excluding MMDAs) $89,658
    Total time deposits $514,849
    Total time and savings deposits $700,487
    Noninterest-bearing deposits $65,071
    Interest-bearing deposits $700,486
    Retail deposits $599,892
    IRAs and Keogh plan accounts $46,676
    Brokered deposits $47,684
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $995,672
    Cash & Balances due from depository institutions $22,634
    Interest-bearing balances $20,681
    Total securities $100,153
    Federal funds sold & reverse repurchase $0
    Net loans and leases $811,742
    Loan and leases loss allowance $4,455
    Trading account assets $0
    Bank premises and fixed assets $7,767
    Other real estate owned $962
    Goodwill and other intangibles $6,127
    All other assets $46,287

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $995,672
    Total Liabilities $887,735
    Total deposits $765,557
    Interest-bearing deposits $700,486
    Deposits held in domestic offices $765,557
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $764
    Trading liabilities $0
    Other borrowed funds $110,000
    Subordinated debt $0
    All other liabilities $11,414

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $811,742
    Loan and leases loss allowance $4,455
    Total loans and leases (domestic) $816,197
    All real estate loans $811,231
    Real estate loans in domestic offices $811,231
    Construction and development loans $6,974
    Residential 1-4 family construction $736
    Other construction, all land development and other land $6,238
    Loans secured by nonfarm nonresidential properties $126,309
    Nonfarm nonresidential secured by owner-occupied properties $48,163
    Commercial real estate & other non-farm, non-residential $78,146
    Multifamily residential real estate $94,825
    1-4 family residential loans $583,123
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $4,919
    To non-U.S. addressees $0
    Loans to individuals $48
    Credit card loans $0
    Related Plans $41
    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 $350
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Haven Savings Bank had $811,742,000 of loans outstanding in 2019. $811,231,000 of loans were in real estate loans. $6,974,000 of loans were in development loans. $94,825,000 of loans were in multifamily mortgage loans. $583,123,000 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 104 $39,564 $380,423
    Nonfarm, nonresidential loans - <$100k 2 $108 $54,000
    Nonfarm, nonresidential loans - $100-250k 12 $1,437 $119,750
    Nonfarm, nonresidential loans - $250k-1MM 90 $38,019 $422,433
    Commercial & Industrial, US addressed loans - <$1MM 33 $3,098 $93,879
    Commercial & Industrial, US addressed loans - <$100k 1 $1 $1,000
    Commercial & Industrial, US addressed loans - $100-250k 19 $354 $18,632
    Commercial & Industrial, US addressed loans - $250k-1MM 13 $2,743 $211,000