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
Jump to:
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, Vineland, and Philadelphia 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.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
57Origination Dollar Volume (All Markets)
$10,225,000Top 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) | 39 | $6,985,000 | $179,103 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 5 | $1,605,000 | $321,000 | $0 | 0.00% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 11 | $995,000 | $90,455 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 57 | $10,225,000 | $179,386 | $0 | 0.00% |
For 2019, First National Bank Of Absecon's most frequently originated type of loan was Conventional, with 57 originations.
Loan Reason
For 2019, First National Bank Of Absecon's most frequently cited loan purpose was Refi, with 28 originations. The 2nd most popular reason was Home Purchase, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 57 | $10,225,000 | $179,386 | $0 | 0.00% |
For 2019, First National Bank Of Absecon's most frequently cited loan duration was Other, with 57 originations.
Loan Sizing
2019 saw First National Bank Of Absecon place emphasis on $100,000 or less loans with 22 originations, totaling $930,000 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? $250k+, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 57 | $10,225,000 | $179,386 | $0 | 0.00% |
First National Bank Of Absecon lent most frequently to those with DTI ratios of Exempt%, with 57 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.52%
First National Bank Of Absecon has a below average approval rate.
Pick Rate
Approvals leading to origination77.19%
First National Bank Of Absecon has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 57 | $10,225,000 | $179,386 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 1 | $425,000 | $425,000 |
| Single Family (1-4 Units):Site-Built | 56 | $9,800,000 | $175,000 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Trouble during payment process | 3 | 50.0% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Struggling to pay mortgage | 1 | 16.7% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Closing on a mortgage | 2 | 33.3% |