First National Bank Of Absecon Mortgage Rates, Fees & Info
Absecon, NJLEI: 549300S6QGHHFR78KR45
Tax ID: 21-0450890
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First National Bank Of Absecon is a smaller bank specializing in Home Purchase loans. First National Bank Of Absecon has a high proportion of conventional loans. Their top markets by origination volume include: Atlantic City, Philadelphia, Vineland, Ocean City, and Pottsville among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)First National Bank Of Absecon has an 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
47Origination Dollar Volume (All Markets)
$9,055,000Top 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 |
|---|---|---|---|---|---|
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 22 | $3,360,000 | $152,727 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 11 | $2,695,000 | $245,000 | $0 | 0.00% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 10 | $1,700,000 | $170,000 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 0.00% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| READING, PA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 47 | $9,055,000 | $192,660 | $0 | 0.00% |
For 2023, First National Bank Of Absecon's most frequently originated type of loan was Conventional, with 47 originations.
Loan Reason
For 2023, First National Bank Of Absecon's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 47 | $9,055,000 | $192,660 | $0 | 0.00% |
For 2023, First National Bank Of Absecon's most frequently cited loan duration was Other, with 47 originations.
Loan Sizing
2023 saw First National Bank Of Absecon place emphasis on $100,000 or less loans with 16 originations, totaling $680,000 in origination value.
Applicant Income
First National Bank Of Absecon lent most frequently to those with incomes in the $150k-250k range, with 11 originations. The second most popular income band? $250k+, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 47 | $9,055,000 | $192,660 | $0 | 0.00% |
First National Bank Of Absecon lent most frequently to those with DTI ratios of Exempt%, with 47 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.41%
First National Bank Of Absecon has an average approval rate.
Pick Rate
Approvals leading to origination70.21%
First National Bank Of Absecon has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 47 | $9,055,000 | $192,660 |