Manasquan Bank Mortgage Rates, Fees & Info
Manasquan, NJLEI: 549300VACYYK343SKH92
Tax ID: 21-0506080
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Manasquan Bank is a smaller bank specializing in Home Purchase, Home Improvement, and Refi loans. Manasquan Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Atlantic City, Trenton, Philadelphia, and Allentown among others. We have data for 13 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 a below 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 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.
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% | 12/2/24 |
| 30 Year Conventional Purchase | 6.49% | 12/2/24 |
| 30 Year Conventional Refi | 6.55% | 12/2/24 |
| 15 Year Conventional Purchase | 5.69% | 12/2/24 |
| 15 Year Conventional Refi | 5.67% | 12/2/24 |
| 15 Year Cash-out Refi | 5.67% | 12/2/24 |
| 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
634Origination Dollar Volume (All Markets)
$276,890,000Awards
Manasquan Bank - 2023
Manasquan Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
Work for Manasquan Bank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Manasquan Bank's average 30 year fixed mortgage rate was
6.08%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.4%.
Relative Fees (Closing Costs)
Manasquan Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,403.
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) | 592 | $246,160,000 | $415,811 | $4,181 | 7.01% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 5 | $8,035,000 | $1,607,000 | $0 | 6.38% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 6 | $7,980,000 | $1,330,000 | $6,484 | 6.35% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 10 | $4,210,000 | $421,000 | $6,901 | 6.41% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 10 | $4,190,000 | $419,000 | $9,383 | 6.89% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $1,615,000 | $1,615,000 | $0 | 7.25% |
| Outside of Metro Areas | 4 | $1,320,000 | $330,000 | $0 | 5.44% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $1,275,000 | $1,275,000 | $0 | 6.63% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $0 | 6.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $6,776 | 5.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,941 | 6.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,220 | 6.75% |
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: 126
Similarity Rank: 156
Similarity Rank: 158
Similarity Rank: 168
Similarity Rank: 188
Similarity Rank: 207
Similarity Rank: 209
Similarity Rank: 267
Similarity Rank: 351
Similarity Rank: 442
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 424 | $202,080,000 | $476,604 | $4,297 | 6.45% |
| HELOC | 210 | $74,810,000 | $356,238 | n/a | 8.03% |
For 2023, Manasquan Bank's most frequently originated type of loan was Conventional, with 424 originations. Their 2nd most popular type was HELOC, with 210 originations.
Loan Reason
For 2023, Manasquan Bank's most frequently cited loan purpose was Home Purchase, with 227 originations. The 2nd most popular reason was Home Improvement, with 204 originations.
Loan Duration/Length
For 2023, Manasquan Bank's most frequently cited loan duration was 30 Year, with 199 originations. The 2nd most popular length was 10 Year, with 142 originations.
Origination Fees/Closing Costs
Manasquan Bank's average total fees were $7,403, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 284 originations.
Interest Rates
During 2023, Manasquan Bank's average interest rate for loans was 6.08%, while their most frequently originated rate bucket for loans was 6-7%, with 225 originations.
Loan Sizing
2023 saw Manasquan Bank place emphasis on $100,000 or less loans with 172 originations, totaling $9,340,000 in origination value.
Applicant Income
Manasquan Bank lent most frequently to those with incomes in the $250k+ range, with 180 originations. The second most popular income band? $150k-250k, with 155 originations.
Applicant Debt to Income Ratio
Manasquan Bank lent most frequently to those with DTI ratios of 30-36%, with 106 originations. The next most common DTI ratio? 20-30%, with 98 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.79%
Manasquan Bank has an average approval rate.
Pick Rate
Approvals leading to origination89.59%
Manasquan Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 634 | $276,890,000 | $436,735 |