Haven Savings Bank Mortgage Rates, Fees & Info

Hoboken, NJ

LEI: 549300O4MSB4K4FT2E90

Tax ID: 22-0981507

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
  • 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 Other loans. Haven Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Vineland, Allentown, Trenton, and Philadelphia among others. We have data for 5 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 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

    311

    Origination Dollar Volume (All Markets)

    $255,595,000

    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) 306 $246,430,000 $805,327 $0 0.00%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $5,135,000 $5,135,000 $0 0.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $0 0.00%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $870,000 $435,000 $0 0.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Haven Savings Bank's top markets include New York, Vineland, Allentown, 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 311 $255,595,000 $821,849 $0 0.00%

    For 2021, Haven Savings Bank's most frequently originated type of loan was Conventional, with 311 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 136 $80,110,000 $589,044 $0 0.00%
    Home Purchase 94 $45,910,000 $488,404 $0 0.00%
    Other 81 $129,575,000 $1,599,691 $0 0.00%

    For 2021, Haven Savings Bank's most frequently cited loan purpose was Refi, with 136 originations. The 2nd most popular reason was Home Purchase, with 94 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 311 $255,595,000 $821,849 $0 0.00%

    For 2021, Haven Savings Bank's most frequently cited loan duration was Other, with 311 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 83 $62,975,000 $758,735 $0 0.00%
    $1MM+ 76 $139,070,000 $1,829,868 $0 0.00%
    $200k-400k 73 $21,575,000 $295,548 $0 0.00%
    $400k-600k 56 $28,370,000 $506,607 $0 0.00%
    $100k-200k 21 $3,425,000 $163,095 $0 0.00%
    $100,000 or less 2 $180,000 $90,000 $0 0.00%

    2021 saw Haven Savings Bank place emphasis on $600k-1MM loans with 83 originations, totaling $62,975,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 82 $63,970,000 $780,122 $0 0.00%
    $150k-250k 74 $36,430,000 $492,297 $0 0.00%
    $100k-150k 37 $11,515,000 $311,216 $0 0.00%
    $75k-100k 17 $4,295,000 $252,647 $0 0.00%
    $50k-75k 11 $1,795,000 $163,182 $0 0.00%
    $50k or less 1 $85,000 $85,000 $0 0.00%

    Haven Savings Bank lent most frequently to those with incomes in the $250k+ range, with 82 originations. The second most popular income band? $150k-250k, with 74 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 311 $255,595,000 $821,849 $0 0.00%

    Haven Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 311 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 85 $135,785,000 $1,597,471 $0 0.00%
    White 136 $72,330,000 $531,838 $0 0.00%
    Not provided 50 $27,150,000 $543,000 $0 0.00%
    Asian 27 $14,275,000 $528,704 $0 0.00%
    Black 9 $3,315,000 $368,333 $0 0.00%
    Asian Indian 2 $1,550,000 $775,000 $0 0.00%
    Korean 1 $1,035,000 $1,035,000 $0 0.00%
    Chinese 1 $155,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.33%

    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
    89.39%

    Haven Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 311 $255,595,000 $821,849

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    311 $255,595,000 $821,849

    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 $58,589
    Haven Savings Bank 1234 Paterson Plank Road Secaucus, NJ 7094 Full Service B&M $132,399
    Haven Savings Bank 177 Main Street Madison, NJ 7940 Full Service B&M $55,849
    Haven Savings Bank 184 Elm Street Westfield, NJ 7090 Full Service B&M $104,420
    Haven Savings Bank 201 Bellevue Avenue Montclair, NJ 7043 Full Service B&M $38,946
    Haven Savings Bank 301 Center Avenue Westwood, NJ 7675 Full Service B&M $87,351
    Haven Savings Bank 385 Springfield Avenue Summit, NJ 7901 Full Service B&M $100,519
    Haven Savings Bank 555 Springfield Avenue Berkeley Heights, NJ 7922 Full Service B&M $53,291
    Haven Savings Bank 621 Washington Street Hoboken, NJ 7030 Full Service B&M $199,112

    For 2021, Haven Savings Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $29,816
    Net interest income $24,434
    Total noninterest income $1,293
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $109
    Trading account gains and fees $0
    Additional Noninterest Income $1,184
    Pre-tax net operating income $4,538
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,997
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,997
    Minority interest net income $0
    Net income $3,997
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,997

    Haven Savings Bank's gross interest income from loans was $29,816,000.
    Haven Savings Bank's net interest income from loans was $24,434,000.
    Haven Savings Bank's fee based income from loans was $109,000.
    Haven Savings Bank's net income from loans was $3,997,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,382
    Provision for credit losses $0
    Total noninterest expense $21,189
    Salaries and employee benefits $14,254
    Premises and equipment expense $1,963
    Additional noninterest expense $4,972
    Applicable income taxes $541
    Net charge-offs $0
    Cash dividends $0

    Haven Savings Bank's interest expense for loans was $5,382,000.
    Haven Savings Bank's payroll and benefits expense were $14,254,000.
    Haven Savings Bank's property, plant and equipment expenses $1,963,000.

    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 5.0%
    All other family 1.0%
    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 $873,840
    Deposits held in domestic offices $873,840
    Deposits by Individuals, partnerships, and corporations $869,016
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,824
    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 $198,494
    Demand deposits $118,413
    Nontransaction accounts $675,346
    Money market deposit accounts (MMDAs) $73,717
    Other savings deposits (excluding MMDAs) $137,047
    Total time deposits $464,582
    Total time and savings deposits $755,427
    Noninterest-bearing deposits $118,413
    Interest-bearing deposits $755,427
    Retail deposits $776,738
    IRAs and Keogh plan accounts $49,862
    Brokered deposits $20,501
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,018,278
    Cash & Balances due from depository institutions $59,580
    Interest-bearing balances $56,402
    Total securities $145,692
    Federal funds sold & reverse repurchase $0
    Net loans and leases $759,630
    Loan and leases loss allowance $5,352
    Trading account assets $0
    Bank premises and fixed assets $6,801
    Other real estate owned $0
    Goodwill and other intangibles $5,947
    All other assets $40,628

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,018,278
    Total Liabilities $908,118
    Total deposits $873,840
    Interest-bearing deposits $755,427
    Deposits held in domestic offices $873,840
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $889
    Trading liabilities $0
    Other borrowed funds $25,000
    Subordinated debt $0
    All other liabilities $8,389

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $759,630
    Loan and leases loss allowance $5,352
    Total loans and leases (domestic) $764,982
    All real estate loans $760,991
    Real estate loans in domestic offices $760,991
    Construction and development loans $8,348
    Residential 1-4 family construction $6,111
    Other construction, all land development and other land $2,237
    Loans secured by nonfarm nonresidential properties $249,275
    Nonfarm nonresidential secured by owner-occupied properties $42,673
    Commercial real estate & other non-farm, non-residential $206,602
    Multifamily residential real estate $86,146
    1-4 family residential loans $417,222
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $3,977
    To non-U.S. addressees $0
    Loans to individuals $15
    Credit card loans $0
    Related Plans $12
    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 $320
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Haven Savings Bank had $759,630,000 of loans outstanding in 2021. $760,991,000 of loans were in real estate loans. $8,348,000 of loans were in development loans. $86,146,000 of loans were in multifamily mortgage loans. $417,222,000 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 110 $52,891 $480,827
    Nonfarm, nonresidential loans - <$100k 3 $193 $64,333
    Nonfarm, nonresidential loans - $100-250k 6 $772 $128,667
    Nonfarm, nonresidential loans - $250k-1MM 101 $51,926 $514,119
    Commercial & Industrial, US addressed loans - <$1MM 83 $3,587 $43,217
    Commercial & Industrial, US addressed loans - <$100k 53 $920 $17,358
    Commercial & Industrial, US addressed loans - $100-250k 21 $1,485 $70,714
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $1,182 $131,333