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 Refi and Home Purchase loans. Haven Savings Bank has a high proportion of conventional loans. Their top two markets are New York and Trenton .

    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

    128

    Origination Dollar Volume (All Markets)

    $92,540,000

    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) 127 $91,925,000 $723,819 $0 0.00%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $615,000 $615,000 $0 0.00%
    Haven Savings Bank's top markets include New York and Trenton 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 128 $92,540,000 $722,969 $0 0.00%

    For 2020, Haven Savings Bank's most frequently originated type of loan was Conventional, with 128 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 82 $58,660,000 $715,366 $0 0.00%
    Home Purchase 43 $32,665,000 $759,651 $0 0.00%
    Other 3 $1,215,000 $405,000 $0 0.00%

    For 2020, Haven Savings Bank's most frequently cited loan purpose was Refi, with 82 originations. The 2nd most popular reason was Home Purchase, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 128 $92,540,000 $722,969 $0 0.00%

    For 2020, Haven Savings Bank's most frequently cited loan duration was Other, with 128 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 50 $36,980,000 $739,600 $0 0.00%
    $400k-600k 34 $17,390,000 $511,471 $0 0.00%
    $1MM+ 22 $32,100,000 $1,459,091 $0 0.00%
    $200k-400k 20 $5,890,000 $294,500 $0 0.00%
    $100,000 or less 1 $35,000 $35,000 $0 0.00%
    $100k-200k 1 $145,000 $145,000 $0 0.00%

    2020 saw Haven Savings Bank place emphasis on $600k-1MM loans with 50 originations, totaling $36,980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 44 $35,450,000 $805,682 $0 0.00%
    $150k-250k 31 $17,495,000 $564,355 $0 0.00%
    $100k-150k 16 $5,280,000 $330,000 $0 0.00%
    $50k-75k 2 $180,000 $90,000 $0 0.00%
    $75k-100k 2 $440,000 $220,000 $0 0.00%

    Haven Savings Bank lent most frequently to those with incomes in the $250k+ range, with 44 originations. The second most popular income band? $150k-250k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 128 $92,540,000 $722,969 $0 0.00%

    Haven Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 128 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 72 $44,860,000 $623,056 $0 0.00%
    Not applicable 30 $32,480,000 $1,082,667 $0 0.00%
    Asian 14 $8,250,000 $589,286 $0 0.00%
    Not provided 10 $6,410,000 $641,000 $0 0.00%
    Asian Indian 1 $395,000 $395,000 $0 0.00%
    Black 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.38%

    Haven Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.81%

    Haven Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 128 $92,540,000 $722,969

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 18 $21,790,000 $1,210,556
    Single Family (1-4 Units):Site-Built 110 $70,750,000 $643,182

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Haven Savings Bank 177 Main Street Madison, NJ 7940 Full Service B&M $45,136
    Haven Savings Bank 1 West Mount Pleasant Avenue Livingston, NJ 7039 Full Service B&M $54,366
    Haven Savings Bank 1234 Paterson Plank Road Secaucus, NJ 7094 Full Service B&M $126,110
    Haven Savings Bank 184 Elm Street Westfield, NJ 7090 Full Service B&M $100,689
    Haven Savings Bank 201 Bellevue Avenue Montclair, NJ 7043 Full Service B&M $37,867
    Haven Savings Bank 301 Center Avenue Westwood, NJ 7675 Full Service B&M $79,923
    Haven Savings Bank 385 Springfield Avenue Summit, NJ 7901 Full Service B&M $79,814
    Haven Savings Bank 555 Springfield Avenue Berkeley Heights, NJ 7922 Full Service B&M $55,240
    Haven Savings Bank 621 Washington Street Hoboken, NJ 7030 Full Service B&M $222,874

    For 2020, Haven Savings Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $32,217
    Net interest income $19,871
    Total noninterest income $1,255
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $115
    Trading account gains and fees $0
    Additional Noninterest Income $1,140
    Pre-tax net operating income $-978
    Securities gains (or losses, -) $12
    Income before extraordinary items $-561
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $-561
    Minority interest net income $0
    Net income $-561
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $-570

    Haven Savings Bank's gross interest income from loans was $32,217,000.
    Haven Savings Bank's net interest income from loans was $19,871,000.
    Haven Savings Bank's fee based income from loans was $115,000.
    Haven Savings Bank's net income from loans was $-561,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $12,346
    Provision for credit losses $897
    Total noninterest expense $21,207
    Salaries and employee benefits $14,435
    Premises and equipment expense $1,919
    Additional noninterest expense $4,853
    Applicable income taxes $-405
    Net charge-offs $0
    Cash dividends $0

    Haven Savings Bank's interest expense for loans was $12,346,000.
    Haven Savings Bank's payroll and benefits expense were $14,435,000.
    Haven Savings Bank's property, plant and equipment expenses $1,919,000.

    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 1.0%
    HELOC loans 4.0%
    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 $796,861
    Deposits held in domestic offices $796,861
    Deposits by Individuals, partnerships, and corporations $792,058
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,804
    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 $163,008
    Demand deposits $91,344
    Nontransaction accounts $633,854
    Money market deposit accounts (MMDAs) $47,828
    Other savings deposits (excluding MMDAs) $108,908
    Total time deposits $477,118
    Total time and savings deposits $705,518
    Noninterest-bearing deposits $91,344
    Interest-bearing deposits $705,517
    Retail deposits $689,867
    IRAs and Keogh plan accounts $47,867
    Brokered deposits $33,077
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $981,022
    Cash & Balances due from depository institutions $65,234
    Interest-bearing balances $62,577
    Total securities $140,899
    Federal funds sold & reverse repurchase $0
    Net loans and leases $720,469
    Loan and leases loss allowance $5,352
    Trading account assets $0
    Bank premises and fixed assets $7,323
    Other real estate owned $0
    Goodwill and other intangibles $6,028
    All other assets $41,069

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $981,022
    Total Liabilities $874,536
    Total deposits $796,861
    Interest-bearing deposits $705,517
    Deposits held in domestic offices $796,861
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $426
    Trading liabilities $0
    Other borrowed funds $70,000
    Subordinated debt $0
    All other liabilities $7,249

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $720,469
    Loan and leases loss allowance $5,352
    Total loans and leases (domestic) $725,821
    All real estate loans $708,887
    Real estate loans in domestic offices $708,887
    Construction and development loans $15,253
    Residential 1-4 family construction $4,524
    Other construction, all land development and other land $10,729
    Loans secured by nonfarm nonresidential properties $126,503
    Nonfarm nonresidential secured by owner-occupied properties $45,603
    Commercial real estate & other non-farm, non-residential $80,900
    Multifamily residential real estate $103,068
    1-4 family residential loans $464,063
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $16,905
    To non-U.S. addressees $0
    Loans to individuals $30
    Credit card loans $0
    Related Plans $27
    Consumer Auto Loans $0
    Other loans to individuals $3
    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 $327
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Haven Savings Bank had $720,469,000 of loans outstanding in 2020. $708,887,000 of loans were in real estate loans. $15,253,000 of loans were in development loans. $103,068,000 of loans were in multifamily mortgage loans. $464,063,000 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 96 $38,223 $398,156
    Nonfarm, nonresidential loans - <$100k 2 $102 $51,000
    Nonfarm, nonresidential loans - $100-250k 10 $1,135 $113,500
    Nonfarm, nonresidential loans - $250k-1MM 84 $36,986 $440,310
    Commercial & Industrial, US addressed loans - <$1MM 280 $13,693 $48,904
    Commercial & Industrial, US addressed loans - <$100k 216 $5,452 $25,241
    Commercial & Industrial, US addressed loans - $100-250k 50 $4,650 $93,000
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $3,591 $256,500