Pcsb Bank Mortgage Rates, Fees & Info

Brewster, NY

LEI: 549300TZDKJ07KL8T621

Tax ID: 14-0984880

5 stars - Updated: 6/17/24 - out of 5 stars, based on 10 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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

91

Origination Dollar Volume (All Markets)

$49,095,000

Awards

PCSB Bank 30 Year Conventional Loans gold PCSB Bank 30 Year Conventional Loans bronze PCSB Bank 30 Year Conventional Loans bronze
Show all (3) awards

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%
Pcsb Bank's top markets include New York, Bridgeport, and Poughkeepsie among others.

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

    Walden Savings Bank
    Similarity Rank: 15
    N C P D Federal Credit Union
    Similarity Rank: 126
    MID-HUDSON VALLEY
    Similarity Rank: 140
    Columbia Bank
    Similarity Rank: 156
    GREATER ALLIANCE
    Similarity Rank: 168
    Blue Foundry Bank
    Similarity Rank: 188
    PCSB Bank
    Similarity Rank: 207
    TEG Federal Credit Union
    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 33 $20,075,000 $608,333 $5,588 6.31%
    Refi 23 $21,195,000 $921,522 $2,682 6.96%
    Other 18 $4,460,000 $247,778 $5,841 8.01%
    Home Improvement 17 $3,365,000 $197,941 $0 8.12%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 35 $17,545,000 $501,286 $5,046 6.32%
    30+ year 33 $6,005,000 $181,970 $0 8.37%
    10 Year 13 $19,995,000 $1,538,077 $0 6.50%
    Other 6 $3,800,000 $633,333 $0 6.83%
    15 Year 2 $1,010,000 $505,000 $4,965 5.56%
    20 Year 1 $135,000 $135,000 $0 7.25%
    3 Year 1 $605,000 $605,000 $0 9.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 23 $6,695,000 $291,087 $4,069 7.33%
    $100k-200k 20 $2,770,000 $138,500 $3,514 7.71%
    $400k-600k 16 $7,670,000 $479,375 $2,900 6.34%
    $100,000 or less 11 $825,000 $75,000 $3,501 8.03%
    $1MM+ 11 $23,455,000 $2,132,273 $21,503 6.70%
    $600k-1MM 10 $7,680,000 $768,000 $8,023 6.40%

    2023 saw Pcsb Bank place emphasis on $200k-400k loans with 23 originations, totaling $6,695,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 21 $7,455,000 $355,000 $4,137 6.99%
    $100k-150k 19 $3,965,000 $208,684 $3,016 7.74%
    $250k+ 15 $7,115,000 $474,333 $5,720 7.57%
    $75k-100k 9 $1,545,000 $171,667 $3,653 6.79%
    $50k-75k 5 $725,000 $145,000 $4,275 7.33%
    $50k or less 3 $3,875,000 $1,291,667 $19,530 7.21%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 23 $6,325,000 $275,000 $3,714 7.43%
    30-36% 16 $3,500,000 $218,750 $5,377 7.30%
    <20% 5 $6,305,000 $1,261,000 $16,452 7.37%
    37% 5 $1,545,000 $309,000 $2,514 7.23%
    49% 4 $1,250,000 $312,500 $4,686 7.78%
    42% 3 $605,000 $201,667 $3,515 7.71%
    36% 3 $695,000 $231,667 $4,511 6.33%
    39% 2 $820,000 $410,000 $3,539 6.38%
    38% 2 $670,000 $335,000 $0 7.56%
    50-60% 2 $210,000 $105,000 $0 8.50%
    >60% 2 $950,000 $475,000 $2,326 6.56%
    47% 1 $895,000 $895,000 $6,944 6.63%
    45% 1 $95,000 $95,000 $2,492 6.13%
    43% 1 $195,000 $195,000 $4,127 6.50%
    44% 1 $355,000 $355,000 $0 8.50%
    41% 1 $265,000 $265,000 $6,179 6.88%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 19 $24,415,000 $1,285,000 $0 6.51%
    White 57 $18,885,000 $331,316 $5,687 7.42%
    Not provided 6 $2,550,000 $425,000 $3,301 7.23%
    Asian 3 $1,435,000 $478,333 $3,764 6.00%
    Black 3 $1,005,000 $335,000 $1,227 6.75%
    Native Hawaiian or Islander 2 $570,000 $285,000 $5,717 7.63%
    Other Asian 1 $235,000 $235,000 $4,351 6.88%

    Approval Rates

    Total approvals of all applications
    75.82%

    Pcsb Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.81%

    Pcsb Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 91 $49,095,000 $539,505

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    91 $49,095,000 $539,505

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $3,880,000 $277,143 $0 8.01%
    40-60% 20 $21,030,000 $1,051,500 $8,465 6.91%
    60-80% 24 $12,630,000 $526,250 $3,926 6.39%
    80-100% 9 $3,935,000 $437,222 $4,229 6.51%
    Under 20% 23 $7,485,000 $325,435 $4,510 7.86%