First Bank Of Manhattan Mortgage Rates, Fees & Info
Manhattan, ILLEI: 549300VBLC1LTYHXGB54
Tax ID: 36-1426671
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Bank Of Manhattan is a smaller bank specializing in Home Purchase and Refi loans. First Bank Of Manhattan has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Colorado Springs, Sevierville, Prescott Valley, and Niles among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)First Bank Of Manhattan 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.
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Originations
57Origination Dollar Volume (All Markets)
$14,285,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 49 | $12,285,000 | $250,714 | $0 | 0.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| NILES, MI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Vermillion, SD (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| KANKAKEE, IL (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 57 | $14,285,000 | $250,614 | $0 | 0.00% |
For 2023, First Bank Of Manhattan's most frequently originated type of loan was Conventional, with 57 originations.
Loan Reason
For 2023, First Bank Of Manhattan's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Other, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 57 | $14,285,000 | $250,614 | $0 | 0.00% |
For 2023, First Bank Of Manhattan's most frequently cited loan duration was Other, with 57 originations.
Loan Sizing
2023 saw First Bank Of Manhattan place emphasis on $100,000 or less loans with 26 originations, totaling $920,000 in origination value.
Applicant Income
First Bank Of Manhattan lent most frequently to those with incomes in the $150k-250k range, with 13 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 57 | $14,285,000 | $250,614 | $0 | 0.00% |
First Bank Of Manhattan lent most frequently to those with DTI ratios of Exempt%, with 57 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.44%
First Bank Of Manhattan has a below average approval rate.
Pick Rate
Approvals leading to origination78.95%
First Bank Of Manhattan has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 57 | $14,285,000 | $250,614 |