Country Bank Mortgage Rates, Fees & Info
New York, NYLEI: 549300VAKB2KKNNL5K89
Tax ID: 06-1223511
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Country Bank is a smaller bank specializing in Cash Out Refi loans. Country Bank has a high proportion of conventional loans. Their top (well, only) market is New York.Country 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.
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Originations
46Origination Dollar Volume (All Markets)
$96,740,000Top 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) | 46 | $96,740,000 | $2,103,043 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 46 | $96,740,000 | $2,103,043 | $0 | 0.00% |
For 2019, Country Bank's most frequently originated type of loan was Conventional, with 46 originations.
Loan Reason
For 2019, Country Bank's most frequently cited loan purpose was Cash Out Refi, with 28 originations. The 2nd most popular reason was Home Purchase, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 46 | $96,740,000 | $2,103,043 | $0 | 0.00% |
For 2019, Country Bank's most frequently cited loan duration was Other, with 46 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 30 | $85,670,000 | $2,855,667 | $0 | 0.00% |
| $600k-1MM | 10 | $7,940,000 | $794,000 | $0 | 0.00% |
| $400k-600k | 6 | $3,130,000 | $521,667 | $0 | 0.00% |
2019 saw Country Bank place emphasis on $1MM+ loans with 30 originations, totaling $85,670,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 1 | $505,000 | $505,000 | $0 | 0.00% |
Country Bank lent most frequently to those with incomes in the $50k-75k range, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 46 | $96,740,000 | $2,103,043 | $0 | 0.00% |
Country Bank lent most frequently to those with DTI ratios of Exempt%, with 46 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 45 | $96,235,000 | $2,138,556 | $0 | 0.00% |
| White | 1 | $505,000 | $505,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Country Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination97.83%
Country Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 46 | $96,740,000 | $2,103,043 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 20 | $58,480,000 | $2,924,000 |
| Single Family (1-4 Units):Site-Built | 26 | $38,260,000 | $1,471,538 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CENTERSTATE BANK CORPORATION | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| CENTERSTATE BANK CORPORATION | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |