Essa Bank & Trust Mortgage Rates, Fees & InfoStroudsburg, PA
Tax ID: 24-0568185
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewEssa Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Essa Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Allentown, East Stroudsburg, Scranton, and New York among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)
Essa Bank & Trust 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. Essa Bank & Trust 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.
|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.09%||3/24/23|
|30 Year Conventional Purchase||6.45%||3/24/23|
|30 Year Conventional Refi||6.53%||3/24/23|
|30 Year Cash-out Refi||6.27%||3/24/23|
|15 Year Conventional Purchase||5.79%||3/24/23|
|15 Year Conventional Refi||5.91%||3/24/23|
|15 Year Cash-out Refi||5.91%||3/24/23|
|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.|
Origination Dollar Volume (All Markets)$307,920,000
Essa Bank & Trust's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.16%.
Relative Fees (Closing Costs)
Essa Bank & Trust's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,866.
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.
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)||159||$118,245,000||$743,679||$6,101||4.75%|
|ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA)||236||$71,820,000||$304,322||$4,043||4.44%|
|EAST STROUDSBURG, PA (FHA|USDA|VA)||359||$65,785,000||$183,245||$3,132||4.40%|
|SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA)||103||$32,035,000||$311,019||$4,377||4.66%|
|New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA)||27||$5,855,000||$216,852||$2,778||4.69%|
|OCEAN CITY, NJ (FHA|USDA|VA)||5||$3,725,000||$745,000||$10,843||4.64%|
|Outside of Metro Areas||11||$2,885,000||$262,273||$4,518||4.26%|
|READING, PA (FHA|USDA|VA)||3||$2,255,000||$751,667||$0||3.83%|
|Pottsville, PA (FHA|USDA|VA)||6||$2,070,000||$345,000||$5,530||4.44%|
|NAPLES-MARCO ISLAND, FL (FHA|USDA|VA)||1||$1,945,000||$1,945,000||$11,976||4.50%|
|ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA)||2||$630,000||$315,000||$5,203||5.43%|
|STATE COLLEGE, PA (FHA|USDA|VA)||1||$515,000||$515,000||$5,818||4.75%|
|BLOOMSBURG-BERWICK, PA (FHA|USDA|VA)||1||$155,000||$155,000||$3,226||5.85%|
We use machine learning to identify the top lenders compared against ESSA Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 250
Similarity Rank: 318
Similarity Rank: 328
Similarity Rank: 528
Similarity Rank: 550
Similarity Rank: 684
Similarity Rank: 728
Similarity Rank: 884
Similarity Rank: 905
Similarity Rank: 1105
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Essa Bank & Trust's most frequently originated type of loan was Conventional, with 705 originations. Their 2nd most popular type was HELOC, with 209 originations.
For 2022, Essa Bank & Trust's most frequently cited loan purpose was Home Purchase, with 437 originations. The 2nd most popular reason was Home Improvement, with 154 originations.
For 2022, Essa Bank & Trust's most frequently cited loan duration was 30 Year, with 487 originations. The 2nd most popular length was 30+ year, with 117 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Essa Bank & Trust's average total fees were $4,866, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 541 originations.
During 2022, Essa Bank & Trust's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 3-4%, with 267 originations.
2022 saw Essa Bank & Trust place emphasis on $100,000 or less loans with 268 originations, totaling $14,050,000 in origination value.
Essa Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 217 originations. The second most popular income band? $150k-250k, with 192 originations.
Applicant Debt to Income Ratio
Essa Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 215 originations. The next most common DTI ratio? 30-36%, with 164 originations.
Approval RatesTotal approvals of all applications
Essa Bank & Trust has an average approval rate.
Pick RateApprovals leading to origination
Essa Bank & Trust has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|