Bcb Community Bank Mortgage Rates, Fees & Info

Bayonne, NJ

LEI: 549300RUVVJLHQM71O74

Tax ID: 22-3760320

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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

294

Origination Dollar Volume (All Markets)

$281,120,000

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) 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%
Bcb Community Bank's top markets include New York, Trenton, Miami, Atlantic City, and Bridgeport among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 117 $81,295,000 $694,829 $0 0.00%
    Refi 97 $184,895,000 $1,906,134 $0 0.00%
    Home Improvement 49 $8,515,000 $173,776 $0 0.00%
    Other 31 $6,415,000 $206,935 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 78 $22,980,000 $294,615 $0 0.00%
    $1MM+ 51 $194,335,000 $3,810,490 $0 0.00%
    $400k-600k 46 $21,910,000 $476,304 $0 0.00%
    $100k-200k 45 $6,365,000 $141,444 $0 0.00%
    $600k-1MM 45 $34,165,000 $759,222 $0 0.00%
    $100,000 or less 29 $1,365,000 $47,069 $0 0.00%

    2022 saw Bcb Community Bank place emphasis on $200k-400k loans with 78 originations, totaling $22,980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 64 $24,370,000 $380,781 $0 0.00%
    $250k+ 47 $37,375,000 $795,213 $0 0.00%
    $100k-150k 36 $8,800,000 $244,444 $0 0.00%
    $75k-100k 23 $5,025,000 $218,478 $0 0.00%
    $50k-75k 17 $4,115,000 $242,059 $0 0.00%
    $50k or less 8 $920,000 $115,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 93 $199,115,000 $2,141,022 $0 0.00%
    White 155 $63,845,000 $411,903 $0 0.00%
    Asian 19 $12,685,000 $667,632 $0 0.00%
    Black 10 $2,210,000 $221,000 $0 0.00%
    Not provided 10 $1,940,000 $194,000 $0 0.00%
    Native Hawaiian or Islander 3 $755,000 $251,667 $0 0.00%
    Asian Indian 2 $330,000 $165,000 $0 0.00%
    American Indian 2 $240,000 $120,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.69%

    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 origination
    88.78%

    Bcb Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 294 $281,120,000 $956,190

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    294 $281,120,000 $956,190