Norristown Bell Mortgage Rates, Fees & Info
Blue Bell, PALEI: 549300WTVIGCZ5GK4376
Tax ID: 23-1381955
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Mortgage Data
Review & Overview
Norristown Bell is a smaller mortgage company specializing in Home Improvement and Home Purchase loans. Norristown Bell has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Philadelphia, Ocean City, Pottsville, Lancaster, and Reading among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Norristown Bell has a below average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
22Origination Dollar Volume (All Markets)
$1,300,000Top 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) | 18 | $1,020,000 | $56,667 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| READING, PA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 21 | $1,145,000 | $54,524 | $0 | 0.00% |
| FHA | 1 | $155,000 | $155,000 | $0 | 0.00% |
For 2018, Norristown Bell's most frequently originated type of loan was Conventional, with 21 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 10 | $440,000 | $44,000 | $0 | 0.00% |
| Refi | 7 | $215,000 | $30,714 | $0 | 0.00% |
| Home Purchase | 5 | $645,000 | $129,000 | $0 | 0.00% |
For 2018, Norristown Bell's most frequently cited loan purpose was Home Improvement, with 10 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 22 | $1,300,000 | $59,091 | $0 | 0.00% |
For 2018, Norristown Bell's most frequently cited loan duration was Other, with 22 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 18 | $680,000 | $37,778 | $0 | 0.00% |
| $100k-200k | 4 | $620,000 | $155,000 | $0 | 0.00% |
2018 saw Norristown Bell place emphasis on $100,000 or less loans with 18 originations, totaling $680,000 in origination value.
Applicant Income
Norristown Bell lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $50k-75k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 22 | $1,300,000 | $59,091 | $0 | 0.00% |
Norristown Bell lent most frequently to those with DTI ratios of Exempt%, with 22 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications65.71%
Norristown Bell has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination95.45%
Norristown Bell has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 22 | $1,300,000 | $59,091 |