Crest Savings Bank Mortgage Rates, Fees & Info
Wildwood, NJLEI: 549300WI4N6NVVJ1DV85
Tax ID: 21-0594467
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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.
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Originations
176Origination Dollar Volume (All Markets)
$65,360,000Top 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 |
|---|---|---|---|---|---|
| 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% |
Their top states include:
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
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
2023 saw Crest Savings Bank place emphasis on $200k-400k loans with 60 originations, totaling $17,510,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications96.98%
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 origination84.09%
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 |