Malvern Bank N.a. Mortgage Rates, Fees & Info
Paoli, PALEI: 549300VDK2EPK7QQKY80
Tax ID: 23-0835060
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Mortgage Data
Review & Overview
Malvern Bank N.a. is a smaller bank specializing in Refi and Home Purchase loans. Malvern Bank N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Bridgeport, Miami, New York, and Allentown among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Malvern Bank N.a. 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. Malvern Bank N.a. 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 5/4/24 |
| 30 Year Conventional Purchase | 6.24% | 5/4/24 |
| 30 Year Conventional Refi | 6.24% | 5/4/24 |
| 30 Year Cash-out Refi | 5.98% | 5/4/24 |
| 15 Year Conventional Purchase | 5.91% | 5/4/24 |
| 15 Year Conventional Refi | 6.01% | 5/4/24 |
| 15 Year Cash-out Refi | 6.01% | 5/4/24 |
| 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. | ||
Malvern Bank N.a. Mortgage Calculator
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Originations
39Origination Dollar Volume (All Markets)
$30,105,000Awards
Malvern Bank N.A. - 2022
Malvern Bank N.A. is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 25 | $10,315,000 | $412,600 | $3,849 | 3.96% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $9,090,000 | $4,545,000 | $7,832 | 2.06% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $5,555,000 | $1,111,000 | $4,580 | 4.67% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4 | $3,870,000 | $967,500 | $6,382 | 5.06% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $0 | 4.25% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,008 | 3.13% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,627 | 3.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against Malvern Bank N.A. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 38 | $22,100,000 | $581,579 | $4,326 | 4.13% |
| HELOC | 1 | $8,005,000 | $8,005,000 | n/a | 0.25% |
For 2022, Malvern Bank N.a.'s most frequently originated type of loan was Conventional, with 38 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2022, Malvern Bank N.a.'s most frequently cited loan purpose was Refi, with 19 originations. The 2nd most popular reason was Home Purchase, with 15 originations.
Loan Duration/Length
For 2022, Malvern Bank N.a.'s most frequently cited loan duration was 30 Year, with 25 originations. The 2nd most popular length was 15 Year, with 6 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 35 | $20,005,000 | $571,571 |
Malvern Bank N.a.'s average total fees were $5,079, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 35 originations.
Interest Rates
During 2022, Malvern Bank N.a.'s average interest rate for loans was 4.26%, while their most frequently originated rate bucket for loans was 3-4%, with 12 originations.
Loan Sizing
2022 saw Malvern Bank N.a. place emphasis on $200k-400k loans with 13 originations, totaling $3,925,000 in origination value.
Applicant Income
Malvern Bank N.a. lent most frequently to those with incomes in the $250k+ range, with 17 originations. The second most popular income band? $150k-250k, with 8 originations.
Applicant Debt to Income Ratio
Malvern Bank N.a. lent most frequently to those with DTI ratios of 20-30%, with 11 originations. The next most common DTI ratio? 30-36%, with 9 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.93%
Malvern Bank N.a. has a below average approval rate.
Pick Rate
Approvals leading to origination51.28%
Malvern Bank N.a. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 39 | $30,105,000 | $771,923 |