Bcb Community Bank Mortgage Rates, Fees & Info
Bayonne, NJLEI: 549300RUVVJLHQM71O74
Tax ID: 22-3760320
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bcb Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Bcb Community Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Trenton, Miami, Atlantic City, and Bridgeport among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Bcb Community 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.
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Originations
294Origination Dollar Volume (All Markets)
$281,120,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 277 | $267,575,000 | $965,975 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 7 | $8,635,000 | $1,233,571 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $2,560,000 | $1,280,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $645,000 | $645,000 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 291 | $278,955,000 | $958,608 | $0 | 0.00% |
| FHA | 3 | $2,165,000 | $721,667 | $0 | 0.00% |
For 2022, Bcb Community Bank's most frequently originated type of loan was Conventional, with 291 originations. Their 2nd most popular type was FHA, with 3 originations.
Loan Reason
For 2022, Bcb Community Bank's most frequently cited loan purpose was Home Purchase, with 117 originations. The 2nd most popular reason was Refi, with 97 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 294 | $281,120,000 | $956,190 | $0 | 0.00% |
For 2022, Bcb Community Bank's most frequently cited loan duration was Other, with 294 originations.
Loan Sizing
2022 saw Bcb Community Bank place emphasis on $200k-400k loans with 78 originations, totaling $22,980,000 in origination value.
Applicant Income
Bcb Community Bank lent most frequently to those with incomes in the $150k-250k range, with 64 originations. The second most popular income band? $250k+, with 47 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 294 | $281,120,000 | $956,190 | $0 | 0.00% |
Bcb Community Bank lent most frequently to those with DTI ratios of Exempt%, with 294 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.69%
Bcb Community 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 origination88.78%
Bcb Community Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 294 | $281,120,000 | $956,190 |