First National Bank Of Scotia Mortgage Rates, Fees & Info
Scotia, NYLEI: 549300S5FSS555M0NA74
Tax ID: 14-0696810
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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, Amsterdam, and Gloversville among others. We have data for 4 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 an above average pick rate when compared to similar lenders.
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Originations
180Origination Dollar Volume (All Markets)
$37,880,000Top 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 |
|---|---|---|---|---|---|
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 172 | $35,970,000 | $209,128 | $0 | 0.00% |
| Amsterdam, NY (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $0 | 0.00% |
| Gloversville, NY (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $405,000 | $405,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 180 | $37,880,000 | $210,444 | $0 | 0.00% |
For 2022, First National Bank Of Scotia's most frequently originated type of loan was Conventional, with 180 originations.
Loan Reason
For 2022, First National Bank Of Scotia's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Refi, with 42 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 180 | $37,880,000 | $210,444 | $0 | 0.00% |
For 2022, First National Bank Of Scotia's most frequently cited loan duration was Other, with 180 originations.
Loan Sizing
2022 saw First National Bank Of Scotia place emphasis on $100,000 or less loans with 58 originations, totaling $3,140,000 in origination value.
Applicant Income
First National Bank Of Scotia lent most frequently to those with incomes in the $100k-150k range, with 44 originations. The second most popular income band? $50k-75k, with 37 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 180 | $37,880,000 | $210,444 | $0 | 0.00% |
First National Bank Of Scotia lent most frequently to those with DTI ratios of Exempt%, with 180 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.49%
First National Bank Of Scotia has an average approval rate.
Pick Rate
Approvals leading to origination91.11%
First National Bank Of Scotia has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 180 | $37,880,000 | $210,444 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |