Flushing Bank Mortgage Rates, Fees & Info

Uniondale, NY

LEI: 549300QVXT6121Q7E798

Tax ID: 41-2231564

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)

    • Review & Overview

    Flushing Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. Flushing Bank has a high proportion of conventional loans. Their top two markets are New York and New Haven .

    Flushing 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

    133

    Origination Dollar Volume (All Markets)

    $308,865,000

    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) 132 $306,510,000 $2,322,045 $0 0.00%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $2,355,000 $2,355,000 $0 0.00%
    Flushing Bank's top markets include New York and New Haven among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 133 $308,865,000 $2,322,293 $0 0.00%

    For 2023, Flushing Bank's most frequently originated type of loan was Conventional, with 133 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 75 $161,795,000 $2,157,267 $0 0.00%
    Cash Out Refi 31 $80,675,000 $2,602,419 $0 0.00%
    Refi 25 $63,785,000 $2,551,400 $0 0.00%
    Home Improvement 2 $2,610,000 $1,305,000 $0 0.00%

    For 2023, Flushing Bank's most frequently cited loan purpose was Home Purchase, with 75 originations. The 2nd most popular reason was Cash Out Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 133 $308,865,000 $2,322,293 $0 0.00%

    For 2023, Flushing Bank's most frequently cited loan duration was Other, with 133 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 62 $270,040,000 $4,355,484 $0 0.00%
    $400k-600k 29 $13,685,000 $471,897 $0 0.00%
    $600k-1MM 29 $20,705,000 $713,966 $0 0.00%
    $200k-400k 13 $4,435,000 $341,154 $0 0.00%

    2023 saw Flushing Bank place emphasis on $1MM+ loans with 62 originations, totaling $270,040,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 3 $2,085,000 $695,000 $0 0.00%
    $250k+ 3 $1,715,000 $571,667 $0 0.00%
    $100k-150k 2 $1,340,000 $670,000 $0 0.00%
    $75k-100k 2 $800,000 $400,000 $0 0.00%

    Flushing Bank lent most frequently to those with incomes in the $150k-250k range, with 3 originations. The second most popular income band? $250k+, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 133 $308,865,000 $2,322,293 $0 0.00%

    Flushing Bank lent most frequently to those with DTI ratios of Exempt%, with 133 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 114 $297,220,000 $2,607,193 $0 0.00%
    Asian 5 $4,705,000 $941,000 $0 0.00%
    White 5 $2,495,000 $499,000 $0 0.00%
    Not provided 4 $1,690,000 $422,500 $0 0.00%
    Asian Indian 3 $1,635,000 $545,000 $0 0.00%
    Black 2 $1,120,000 $560,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.17%

    Flushing Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.71%

    Flushing Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 133 $308,865,000 $2,322,293

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    133 $308,865,000 $2,322,293