Bnb Bank Mortgage Rates, Fees & Info
Bridgehampton, NYLEI: 549300UWA74T8PF7KY34
Tax ID: 11-2934194
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Mortgage Data
Review & Overview
Bnb Bank is a smaller bank specializing in Home Purchase and Refi loans. Bnb Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Kingston, Poughkeepsie, Ocean City, and Philadelphia among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Bnb 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. Bnb 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
314Origination Dollar Volume (All Markets)
$439,380,000Awards
BNB Bank - 2023
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For 2023, less than of lenders were eligible for this award.
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Relative Rate
Bnb Bank's average 30 year fixed mortgage rate was
6%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.48%.
Relative Fees (Closing Costs)
Bnb Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,395.
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) | 300 | $433,240,000 | $1,444,133 | $6,430 | 6.10% |
| KINGSTON, NY (FHA|USDA|VA) | 3 | $1,715,000 | $571,667 | $4,644 | 5.54% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 4 | $1,700,000 | $425,000 | $6,165 | 5.63% |
| Outside of Metro Areas | 3 | $1,095,000 | $365,000 | $4,630 | 6.38% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $10,734 | 5.25% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,087 | 5.75% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 6.88% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,904 | 6.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against BNB Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 35
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Similarity Rank: 196
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 314 | $439,380,000 | $1,399,299 | $6,395 | 6.09% |
For 2023, Bnb Bank's most frequently originated type of loan was Conventional, with 314 originations.
Loan Reason
For 2023, Bnb Bank's most frequently cited loan purpose was Home Purchase, with 262 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.
Loan Duration/Length
For 2023, Bnb Bank's most frequently cited loan duration was 30 Year, with 275 originations. The 2nd most popular length was 10 Year, with 11 originations.
Origination Fees/Closing Costs
Bnb Bank's average total fees were $6,395, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 154 originations.
Interest Rates
During 2023, Bnb Bank's average interest rate for loans was 6.00%, while their most frequently originated rate bucket for loans was 5-6%, with 162 originations.
Loan Sizing
2023 saw Bnb Bank place emphasis on $400k-600k loans with 94 originations, totaling $46,740,000 in origination value.
Applicant Income
Bnb Bank lent most frequently to those with incomes in the $250k+ range, with 137 originations. The second most popular income band? $150k-250k, with 77 originations.
Applicant Debt to Income Ratio
Bnb Bank lent most frequently to those with DTI ratios of 20-30%, with 63 originations. The next most common DTI ratio? 30-36%, with 62 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.82%
Bnb Bank has an average approval rate.
Pick Rate
Approvals leading to origination72.93%
Bnb Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 314 | $439,380,000 | $1,399,299 |