Pcsb Bank Mortgage Rates, Fees & Info
Brewster, NYLEI: 549300TZDKJ07KL8T621
Tax ID: 14-0984880
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Mortgage Data
Review & Overview
Pcsb Bank is a smaller bank specializing in Home Purchase and Refi loans. Pcsb Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Bridgeport, and Poughkeepsie among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Pcsb 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. Pcsb Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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.
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Originations
91Origination Dollar Volume (All Markets)
$49,095,000Awards
PCSB Bank - 2023
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For 2023, less than of lenders were eligible for this award.
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Relative Rate
Pcsb Bank's average 30 year fixed mortgage rate was
6.32%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.16%.
Relative Fees (Closing Costs)
Pcsb Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,046.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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) | 69 | $39,325,000 | $569,928 | $4,200 | 7.18% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 7 | $6,355,000 | $907,857 | $12,151 | 7.25% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 15 | $3,415,000 | $227,667 | $3,262 | 6.97% |
Similar Lenders
We use machine learning to identify the top lenders compared against PCSB Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 15
Similarity Rank: 126
Similarity Rank: 140
Similarity Rank: 156
Similarity Rank: 158
Similarity Rank: 168
Similarity Rank: 188
Similarity Rank: 207
Similarity Rank: 209
Similarity Rank: 217
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 54 | $41,560,000 | $769,630 | $5,044 | 6.32% |
| HELOC | 37 | $7,535,000 | $203,649 | n/a | 8.35% |
For 2023, Pcsb Bank's most frequently originated type of loan was Conventional, with 54 originations. Their 2nd most popular type was HELOC, with 37 originations.
Loan Reason
For 2023, Pcsb Bank's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Refi, with 23 originations.
Loan Duration/Length
For 2023, Pcsb Bank's most frequently cited loan duration was 30 Year, with 35 originations. The 2nd most popular length was 30+ year, with 33 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 33 | $13,165,000 | $398,939 |
| $5k+ | 2 | $4,350,000 | $2,175,000 |
| $1k-2k | 1 | $235,000 | $235,000 |
Pcsb Bank's average total fees were $5,046, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 33 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 29 | $5,685,000 | $196,034 |
| 6-7% | 27 | $27,595,000 | $1,022,037 |
| 5-6% | 18 | $10,260,000 | $570,000 |
| 7-8% | 15 | $4,645,000 | $309,667 |
| 4-5% | 2 | $910,000 | $455,000 |
During 2023, Pcsb Bank's average interest rate for loans was 6.32%, while their most frequently originated rate bucket for loans was Over 8%, with 29 originations.
Loan Sizing
2023 saw Pcsb Bank place emphasis on $200k-400k loans with 23 originations, totaling $6,695,000 in origination value.
Applicant Income
Pcsb Bank lent most frequently to those with incomes in the $150k-250k range, with 21 originations. The second most popular income band? $100k-150k, with 19 originations.
Applicant Debt to Income Ratio
Pcsb Bank lent most frequently to those with DTI ratios of 20-30%, with 23 originations. The next most common DTI ratio? 30-36%, with 16 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications75.82%
Pcsb Bank has a below average approval rate.
Pick Rate
Approvals leading to origination86.81%
Pcsb Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 91 | $49,095,000 | $539,505 |