Flushing Bank Mortgage Rates, Fees & Info

Uniondale, NY

LEI: 549300QVXT6121Q7E798

Tax ID: 41-2231564

Latest/2022 | 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 and Cash Out Refi loans. Flushing Bank has a high proportion of conventional loans. Their top two markets are New York and Poughkeepsie .

    Flushing Bank has an average approval rate when compared to the average across all lenders. They have an 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

    302

    Origination Dollar Volume (All Markets)

    $550,970,000

    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) 300 $547,710,000 $1,825,700 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $3,260,000 $1,630,000 $0 0.00%
    Flushing Bank's top markets include New York and Poughkeepsie among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 302 $550,970,000 $1,824,404 $0 0.00%

    For 2022, Flushing Bank's most frequently originated type of loan was Conventional, with 302 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 170 $325,370,000 $1,913,941 $0 0.00%
    Cash Out Refi 85 $157,835,000 $1,856,882 $0 0.00%
    Refi 36 $61,090,000 $1,696,944 $0 0.00%
    Home Improvement 11 $6,675,000 $606,818 $0 0.00%

    For 2022, Flushing Bank's most frequently cited loan purpose was Home Purchase, with 170 originations. The 2nd most popular reason was Cash Out Refi, with 85 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 302 $550,970,000 $1,824,404 $0 0.00%

    For 2022, Flushing Bank's most frequently cited loan duration was Other, with 302 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 135 $456,485,000 $3,381,370 $0 0.00%
    $600k-1MM 70 $53,500,000 $764,286 $0 0.00%
    $400k-600k 64 $30,700,000 $479,688 $0 0.00%
    $200k-400k 32 $10,110,000 $315,938 $0 0.00%
    $100k-200k 1 $175,000 $175,000 $0 0.00%

    2022 saw Flushing Bank place emphasis on $1MM+ loans with 135 originations, totaling $456,485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 4 $4,430,000 $1,107,500 $0 0.00%
    $100k-150k 2 $1,510,000 $755,000 $0 0.00%
    $75k-100k 2 $830,000 $415,000 $0 0.00%
    $150k-250k 1 $535,000 $535,000 $0 0.00%
    $50k-75k 1 $505,000 $505,000 $0 0.00%

    Flushing Bank lent most frequently to those with incomes in the $250k+ range, with 4 originations. The second most popular income band? $100k-150k, with 2 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 302 $550,970,000 $1,824,404 $0 0.00%

    Flushing Bank lent most frequently to those with DTI ratios of Exempt%, with 302 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 272 $529,900,000 $1,948,162 $0 0.00%
    White 14 $9,510,000 $679,286 $0 0.00%
    Not provided 8 $4,610,000 $576,250 $0 0.00%
    Asian 5 $3,325,000 $665,000 $0 0.00%
    Other Asian 1 $2,965,000 $2,965,000 $0 0.00%
    Black 2 $660,000 $330,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.54%

    Flushing Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.38%

    Flushing Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 302 $550,970,000 $1,824,404

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    302 $550,970,000 $1,824,404