Norristown Bell Mortgage Rates, Fees & Info
Blue Bell, PALEI: 549300WTVIGCZ5GK4376
Tax ID: 23-1381955
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Norristown Bell is a smaller mortgage company specializing in Cash Out Refi and Home Improvement loans. Norristown Bell has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, East Stroudsburg, Lancaster, and Ocean City among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Norristown Bell 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
26Origination Dollar Volume (All Markets)
$1,740,000Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 23 | $1,475,000 | $64,130 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 26 | $1,740,000 | $66,923 | $0 | 0.00% |
For 2023, Norristown Bell's most frequently originated type of loan was Conventional, with 26 originations.
Loan Reason
For 2023, Norristown Bell's most frequently cited loan purpose was Cash Out Refi, with 13 originations. The 2nd most popular reason was Home Improvement, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 26 | $1,740,000 | $66,923 | $0 | 0.00% |
For 2023, Norristown Bell's most frequently cited loan duration was Other, with 26 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 19 | $825,000 | $43,421 | $0 | 0.00% |
| $100k-200k | 6 | $710,000 | $118,333 | $0 | 0.00% |
| $200k-400k | 1 | $205,000 | $205,000 | $0 | 0.00% |
2023 saw Norristown Bell place emphasis on $100,000 or less loans with 19 originations, totaling $825,000 in origination value.
Applicant Income
Norristown Bell lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $75k-100k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 26 | $1,740,000 | $66,923 | $0 | 0.00% |
Norristown Bell lent most frequently to those with DTI ratios of Exempt%, with 26 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 20 | $1,390,000 | $69,500 | $0 | 0.00% |
| Black | 6 | $350,000 | $58,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications80.49%
Norristown Bell has a below average approval rate.
Pick Rate
Approvals leading to origination73.08%
Norristown Bell has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 26 | $1,740,000 | $66,923 |