Norristown Bell Mortgage Rates, Fees & Info

Blue Bell, PA

LEI: 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

26

Origination Dollar Volume (All Markets)

$1,740,000

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
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%
Norristown Bell's top markets include Philadelphia, East Stroudsburg, Lancaster, and Ocean City among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 13 $705,000 $54,231 $0 0.00%
    Home Improvement 7 $525,000 $75,000 $0 0.00%
    Other 4 $270,000 $67,500 $0 0.00%
    Home Purchase 1 $125,000 $125,000 $0 0.00%
    Refi 1 $115,000 $115,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 8 $530,000 $66,250 $0 0.00%
    $75k-100k 7 $415,000 $59,286 $0 0.00%
    $100k-150k 6 $450,000 $75,000 $0 0.00%
    $50k or less 3 $75,000 $25,000 $0 0.00%
    $150k-250k 2 $270,000 $135,000 $0 0.00%

    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 applications
    80.49%

    Norristown Bell has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    73.08%

    Norristown Bell has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 26 $1,740,000 $66,923

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    26 $1,740,000 $66,923