Manasquan Bank Mortgage Rates, Fees & Info
Manasquan, NJLEI: 549300VACYYK343SKH92
Tax ID: 21-0506080
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Manasquan Bank is a smaller bank specializing in Home Purchase and Refi loans. Manasquan Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Philadelphia, Trenton, Allentown, and Naples among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)Manasquan Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Manasquan 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 about average 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.
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.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.34% | 9/18/23 |
| 30 Year Conventional Purchase | 6.49% | 9/18/23 |
| 30 Year Conventional Refi | 6.55% | 9/18/23 |
| 15 Year Conventional Purchase | 5.69% | 9/18/23 |
| 15 Year Conventional Refi | 5.67% | 9/18/23 |
| 15 Year Cash-out Refi | 5.67% | 9/18/23 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Manasquan Bank Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Manasquan Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
829Origination Dollar Volume (All Markets)
$382,375,000Relative Rate
Manasquan Bank's average 30 year fixed mortgage rate was
4.08%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.68%.
Relative Fees (Closing Costs)
Manasquan Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,575.
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 $4,750.
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) | 792 | $361,210,000 | $456,073 | $4,976 | 4.31% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 10 | $8,080,000 | $808,000 | $4,057 | 4.09% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 10 | $3,330,000 | $333,000 | $4,842 | 4.73% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $2,940,000 | $1,470,000 | $0 | 5.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $2,850,000 | $1,425,000 | $9,600 | 5.38% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $3,721 | 5.25% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,490 | 2.88% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,644 | 3.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,290 | 3.50% |
| Key West, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 6.25% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,055 | 3.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 4.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 3.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,208 | 3.63% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,533 | 2.75% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against Manasquan Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 306
Similarity Rank: 326
Similarity Rank: 352
Similarity Rank: 374
Similarity Rank: 588
Similarity Rank: 624
Similarity Rank: 1062
Similarity Rank: 1073
Similarity Rank: 1080
Similarity Rank: 1183
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 500 | $284,420,000 | $568,840 | $4,940 | 4.30% |
| HELOC | 329 | $97,955,000 | $297,736 | n/a | 4.34% |
For 2022, Manasquan Bank's most frequently originated type of loan was Conventional, with 500 originations. Their 2nd most popular type was HELOC, with 329 originations.
Loan Reason
For 2022, Manasquan Bank's most frequently cited loan purpose was Home Purchase, with 256 originations. The 2nd most popular reason was Refi, with 233 originations.
Loan Duration/Length
For 2022, Manasquan Bank's most frequently cited loan duration was 30 Year, with 280 originations. The 2nd most popular length was 5 Year, with 254 originations.
Origination Fees/Closing Costs
Manasquan Bank's average total fees were $6,575, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 345 originations.
Interest Rates
During 2022, Manasquan Bank's average interest rate for loans was 4.08%, while their most frequently originated rate bucket for loans was 3-4%, with 394 originations.
Loan Sizing
2022 saw Manasquan Bank place emphasis on $200k-400k loans with 259 originations, totaling $74,585,000 in origination value.
Applicant Income
Manasquan Bank lent most frequently to those with incomes in the $250k+ range, with 228 originations. The second most popular income band? $150k-250k, with 172 originations.
Applicant Debt to Income Ratio
Manasquan Bank lent most frequently to those with DTI ratios of 30-36%, with 152 originations. The next most common DTI ratio? 20-30%, with 147 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.61%
Manasquan Bank has an average approval rate.
Pick Rate
Approvals leading to origination90.83%
Manasquan Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 829 | $382,375,000 | $461,248 |