Lusitania Savings Bank Mortgage Rates, Fees & Info

Newark, NJ

LEI: 549300SXHTIGZ7X3CS43

Tax ID: 22-3381421

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

    Lusitania Savings Bank is a smaller bank specializing in Home Purchase loans. Lusitania Savings Bank has a high proportion of conventional loans. Their top (well, only) market is New York.

    Lusitania Savings Bank 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

    75

    Origination Dollar Volume (All Markets)

    $43,015,000

    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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 75 $43,015,000 $573,533 $0 0.00%
    Lusitania Savings Bank's top markets include and New York among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 75 $43,015,000 $573,533 $0 0.00%

    For 2023, Lusitania Savings Bank's most frequently originated type of loan was Conventional, with 75 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 53 $36,245,000 $683,868 $0 0.00%
    Cash Out Refi 10 $3,590,000 $359,000 $0 0.00%
    Home Improvement 5 $915,000 $183,000 $0 0.00%
    Other 5 $1,795,000 $359,000 $0 0.00%
    Refi 2 $470,000 $235,000 $0 0.00%

    For 2023, Lusitania Savings Bank's most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 75 $43,015,000 $573,533 $0 0.00%

    For 2023, Lusitania Savings Bank's most frequently cited loan duration was Other, with 75 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 22 $10,800,000 $490,909 $0 0.00%
    $200k-400k 17 $4,815,000 $283,235 $0 0.00%
    $600k-1MM 16 $12,680,000 $792,500 $0 0.00%
    $1MM+ 11 $13,675,000 $1,243,182 $0 0.00%
    $100k-200k 5 $775,000 $155,000 $0 0.00%
    $100,000 or less 4 $270,000 $67,500 $0 0.00%

    2023 saw Lusitania Savings Bank place emphasis on $400k-600k loans with 22 originations, totaling $10,800,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 30 $24,610,000 $820,333 $0 0.00%
    $150k-250k 23 $9,235,000 $401,522 $0 0.00%
    $100k-150k 10 $3,490,000 $349,000 $0 0.00%
    $75k-100k 4 $690,000 $172,500 $0 0.00%
    $50k-75k 2 $310,000 $155,000 $0 0.00%

    Lusitania Savings Bank lent most frequently to those with incomes in the $250k+ range, with 30 originations. The second most popular income band? $150k-250k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 75 $43,015,000 $573,533 $0 0.00%

    Lusitania Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 75 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 50 $20,730,000 $414,600 $0 0.00%
    Asian 12 $10,800,000 $900,000 $0 0.00%
    Asian Indian 6 $6,820,000 $1,136,667 $0 0.00%
    Not applicable 4 $2,970,000 $742,500 $0 0.00%
    Other Asian 1 $1,205,000 $1,205,000 $0 0.00%
    Not provided 2 $490,000 $245,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.22%

    Lusitania Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.00%

    Lusitania Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 75 $43,015,000 $573,533

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    75 $43,015,000 $573,533