Crest Savings Bank Mortgage Rates, Fees & Info

Wildwood, NJ

LEI: 549300WI4N6NVVJ1DV85

Tax ID: 21-0594467

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Crest Savings Bank is a smaller bank specializing in Home Purchase loans. Crest Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Ocean City, Vineland, and Atlantic City among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

Crest Savings 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.

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.


Originations

176

Origination Dollar Volume (All Markets)

$65,360,000

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
OCEAN CITY, NJ (FHA|USDA|VA) 173 $64,855,000 $374,884 $0 0.00%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 2 $410,000 $205,000 $0 0.00%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Crest Savings Bank's top markets include Ocean City, Vineland, and Atlantic City among others.

Their top states include:
  • New Jersey (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 176 $65,360,000 $371,364 $0 0.00%

    For 2023, Crest Savings Bank's most frequently originated type of loan was Conventional, with 176 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 139 $58,605,000 $421,619 $0 0.00%
    Home Improvement 16 $1,190,000 $74,375 $0 0.00%
    Cash Out Refi 10 $3,340,000 $334,000 $0 0.00%
    Other 8 $680,000 $85,000 $0 0.00%
    Refi 3 $1,545,000 $515,000 $0 0.00%

    For 2023, Crest Savings Bank's most frequently cited loan purpose was Home Purchase, with 139 originations. The 2nd most popular reason was Home Improvement, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 176 $65,360,000 $371,364 $0 0.00%

    For 2023, Crest Savings Bank's most frequently cited loan duration was Other, with 176 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 60 $17,510,000 $291,833 $0 0.00%
    $400k-600k 35 $17,205,000 $491,571 $0 0.00%
    $100k-200k 30 $4,540,000 $151,333 $0 0.00%
    $100,000 or less 24 $1,340,000 $55,833 $0 0.00%
    $600k-1MM 16 $11,380,000 $711,250 $0 0.00%
    $1MM+ 11 $13,385,000 $1,216,818 $0 0.00%

    2023 saw Crest Savings Bank place emphasis on $200k-400k loans with 60 originations, totaling $17,510,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 66 $36,570,000 $554,091 $0 0.00%
    $150k-250k 44 $14,120,000 $320,909 $0 0.00%
    $100k-150k 32 $7,460,000 $233,125 $0 0.00%
    $75k-100k 11 $1,695,000 $154,091 $0 0.00%
    $50k-75k 9 $735,000 $81,667 $0 0.00%
    $50k or less 1 $45,000 $45,000 $0 0.00%

    Crest Savings Bank lent most frequently to those with incomes in the $250k+ range, with 66 originations. The second most popular income band? $150k-250k, with 44 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 176 $65,360,000 $371,364 $0 0.00%

    Crest Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 176 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 152 $56,100,000 $369,079 $0 0.00%
    Not applicable 11 $4,465,000 $405,909 $0 0.00%
    Not provided 10 $3,240,000 $324,000 $0 0.00%
    Asian 3 $1,555,000 $518,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.98%

    Crest Savings 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 origination
    84.09%

    Crest Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 176 $65,360,000 $371,364

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    176 $65,360,000 $371,364