Jeff Bank Mortgage Rates, Fees & Info
Jeffersonville, NYLEI: 549300Q1QXZDN5R0UD44
Tax ID: 14-0779859
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Jeff Bank is a smaller bank specializing in Home Purchase loans. Jeff Bank has a high proportion of conventional loans. Their top markets by origination volume include: Poughkeepsie, Kingston, New York, and Oneonta among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Jeff Bank 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.
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Originations
157Origination Dollar Volume (All Markets)
$47,245,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 135 | $40,505,000 | $300,037 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 14 | $4,740,000 | $338,571 | $0 | 0.00% |
| KINGSTON, NY (FHA|USDA|VA) | 6 | $1,250,000 | $208,333 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 157 | $47,245,000 | $300,924 | $0 | 0.00% |
For 2022, Jeff Bank's most frequently originated type of loan was Conventional, with 157 originations.
Loan Reason
For 2022, Jeff Bank's most frequently cited loan purpose was Home Purchase, with 105 originations. The 2nd most popular reason was Refi, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 157 | $47,245,000 | $300,924 | $0 | 0.00% |
For 2022, Jeff Bank's most frequently cited loan duration was Other, with 157 originations.
Loan Sizing
2022 saw Jeff Bank place emphasis on $100k-200k loans with 48 originations, totaling $6,730,000 in origination value.
Applicant Income
Jeff Bank lent most frequently to those with incomes in the $100k-150k range, with 37 originations. The second most popular income band? $250k+, with 35 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 157 | $47,245,000 | $300,924 | $0 | 0.00% |
Jeff Bank lent most frequently to those with DTI ratios of Exempt%, with 157 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications72.82%
Jeff Bank has a below average approval rate.
Pick Rate
Approvals leading to origination56.69%
Jeff Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 157 | $47,245,000 | $300,924 |