First National Bank Of Scotia Mortgage Rates, Fees & Info

Scotia, NY

LEI: 549300S5FSS555M0NA74

Tax ID: 14-0696810

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

    First National Bank Of Scotia is a smaller bank specializing in Home Purchase and Refi loans. First National Bank Of Scotia has a high proportion of conventional loans. Their top markets by origination volume include: Albany, Gloversville, Amsterdam, and Glens Falls among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First National Bank Of Scotia 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

    132

    Origination Dollar Volume (All Markets)

    $28,680,000

    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
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 112 $24,500,000 $218,750 $0 0.00%
    Outside of Metro Areas 4 $1,320,000 $330,000 $0 0.00%
    Gloversville, NY (FHA|USDA|VA) 6 $1,260,000 $210,000 $0 0.00%
    Amsterdam, NY (FHA|USDA|VA) 7 $955,000 $136,429 $0 0.00%
    GLENS FALLS, NY (FHA|USDA|VA) 3 $645,000 $215,000 $0 0.00%
    First National Bank Of Scotia's top markets include Albany, Gloversville, Amsterdam, and Glens Falls among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 132 $28,680,000 $217,273 $0 0.00%

    For 2023, First National Bank Of Scotia's most frequently originated type of loan was Conventional, with 132 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 65 $18,715,000 $287,923 $0 0.00%
    Home Improvement 29 $2,485,000 $85,690 $0 0.00%
    Refi 21 $6,435,000 $306,429 $0 0.00%
    Other 17 $1,045,000 $61,471 $0 0.00%

    For 2023, First National Bank Of Scotia's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Home Improvement, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 132 $28,680,000 $217,273 $0 0.00%

    For 2023, First National Bank Of Scotia's most frequently cited loan duration was Other, with 132 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 46 $2,200,000 $47,826 $0 0.00%
    $200k-400k 39 $10,425,000 $267,308 $0 0.00%
    $100k-200k 35 $5,325,000 $152,143 $0 0.00%
    $400k-600k 8 $4,190,000 $523,750 $0 0.00%
    $1MM+ 3 $5,745,000 $1,915,000 $0 0.00%
    $600k-1MM 1 $795,000 $795,000 $0 0.00%

    2023 saw First National Bank Of Scotia place emphasis on $100,000 or less loans with 46 originations, totaling $2,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 33 $3,695,000 $111,970 $0 0.00%
    $100k-150k 26 $5,010,000 $192,692 $0 0.00%
    $75k-100k 17 $2,765,000 $162,647 $0 0.00%
    $50k or less 16 $1,490,000 $93,125 $0 0.00%
    $150k-250k 12 $2,030,000 $169,167 $0 0.00%
    $250k+ 9 $3,455,000 $383,889 $0 0.00%

    First National Bank Of Scotia lent most frequently to those with incomes in the $50k-75k range, with 33 originations. The second most popular income band? $100k-150k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 132 $28,680,000 $217,273 $0 0.00%

    First National Bank Of Scotia lent most frequently to those with DTI ratios of Exempt%, with 132 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 112 $18,580,000 $165,893 $0 0.00%
    Not applicable 15 $9,455,000 $630,333 $0 0.00%
    Asian 2 $320,000 $160,000 $0 0.00%
    Not provided 1 $205,000 $205,000 $0 0.00%
    American Indian 1 $75,000 $75,000 $0 0.00%
    Black 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.36%

    First National Bank Of Scotia has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.64%

    First National Bank Of Scotia has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 132 $28,680,000 $217,273

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    132 $28,680,000 $217,273