Pathway Bank Mortgage Rates, Fees & Info

Cairo, NE

LEI: 549300RMLDF2S89MUC93

Tax ID: 47-0306980

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Mortgage Data

Review & Overview

Pathway Bank is a smaller bank specializing in Home Purchase and Refi loans. Pathway Bank has a high proportion of conventional loans. Their top (well, only) market is Grand Island.

Pathway Bank has a below average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

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Originations

45

Origination Dollar Volume (All Markets)

$4,835,000

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
GRAND ISLAND, NE (FHA|USDA|VA) 24 $2,920,000 $121,667 $0 0.00%
Outside of Metro Areas 21 $1,915,000 $91,190 $0 0.00%
Pathway Bank's top markets include and Grand Island among others.

Their top states include:
  • (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 45 $4,835,000 $107,444 $0 0.00%

    For 2019, Pathway Bank's most frequently originated type of loan was Conventional, with 45 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 18 $1,890,000 $105,000 $0 0.00%
    Refi 15 $2,205,000 $147,000 $0 0.00%
    Cash Out Refi 7 $665,000 $95,000 $0 0.00%
    Home Improvement 4 $70,000 $17,500 $0 0.00%
    Other 1 $5,000 $5,000 $0 0.00%

    For 2019, Pathway Bank's most frequently cited loan purpose was Home Purchase, with 18 originations. The 2nd most popular reason was Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 45 $4,835,000 $107,444 $0 0.00%

    For 2019, Pathway Bank's most frequently cited loan duration was Other, with 45 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 26 $1,320,000 $50,769 $0 0.00%
    $100k-200k 16 $2,250,000 $140,625 $0 0.00%
    $200k-400k 2 $550,000 $275,000 $0 0.00%
    $600k-1MM 1 $715,000 $715,000 $0 0.00%

    2019 saw Pathway Bank place emphasis on $100,000 or less loans with 26 originations, totaling $1,320,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 17 $1,375,000 $80,882 $0 0.00%
    $100k-150k 8 $1,110,000 $138,750 $0 0.00%
    $50k-75k 7 $405,000 $57,857 $0 0.00%
    $75k-100k 5 $525,000 $105,000 $0 0.00%
    $150k-250k 2 $1,020,000 $510,000 $0 0.00%

    Pathway Bank lent most frequently to those with incomes in the $50k or less range, with 17 originations. The second most popular income band? $100k-150k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 45 $4,835,000 $107,444 $0 0.00%

    Pathway Bank lent most frequently to those with DTI ratios of Exempt%, with 45 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 41 $3,965,000 $96,707 $0 0.00%
    Asian 1 $715,000 $715,000 $0 0.00%
    Not applicable 3 $155,000 $51,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    65.00%

    Pathway Bank has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    91.11%

    Pathway Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 45 $4,835,000 $107,444

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $860,000 $430,000
    Single Family (1-4 Units):Manufactured 2 $130,000 $65,000
    Single Family (1-4 Units):Site-Built 41 $3,845,000 $93,780