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 Refi and Home Purchase loans. First National Bank Of Absecon has a high proportion of conventional loans. Their top markets by origination volume include: Atlantic City, Ocean City, Philadelphia, and Scranton 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 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
48Origination Dollar Volume (All Markets)
$5,870,000Top 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) | 43 | $4,295,000 | $99,884 | $0 | 0.00% |
OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 0.00% |
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
Their top states include:
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 48 | $5,870,000 | $122,292 | $0 | 0.00% |
For 2018, First National Bank Of Absecon's most frequently originated type of loan was Conventional, with 48 originations.
Loan Reason
For 2018, First National Bank Of Absecon's most frequently cited loan purpose was Refi, with 19 originations. The 2nd most popular reason was Home Purchase, with 12 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 48 | $5,870,000 | $122,292 | $0 | 0.00% |
For 2018, First National Bank Of Absecon's most frequently cited loan duration was Other, with 48 originations.
Loan Sizing
2018 saw First National Bank Of Absecon place emphasis on $100,000 or less loans with 27 originations, totaling $1,225,000 in origination value.
Applicant Income
First National Bank Of Absecon lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $50k or less, with 8 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 48 | $5,870,000 | $122,292 | $0 | 0.00% |
First National Bank Of Absecon lent most frequently to those with DTI ratios of Exempt%, with 48 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.35%
First National Bank Of Absecon has a below average approval rate.
Pick Rate
Approvals leading to origination83.33%
First National Bank Of Absecon has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 48 | $5,870,000 | $122,292 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Single Family (1-4 Units):Site-Built | 48 | $5,870,000 | $122,292 |
Complaints
Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Struggling to pay mortgage | 1 | 50.0% |
FIRST NATIONAL BANK OF OMAHA | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 50.0% |