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 Refi and Cash Out Refi loans. Norristown Bell has a high proportion of conventional loans. Their top two markets are Philadelphia and Ocean City .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
17Origination Dollar Volume (All Markets)
$1,625,000Top 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) | 16 | $1,500,000 | $93,750 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 17 | $1,625,000 | $95,588 | $0 | 0.00% |
For 2020, Norristown Bell's most frequently originated type of loan was Conventional, with 17 originations.
Loan Reason
For 2020, Norristown Bell's most frequently cited loan purpose was Home Improvement, with 9 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 17 | $1,625,000 | $95,588 | $0 | 0.00% |
For 2020, Norristown Bell's most frequently cited loan duration was Other, with 17 originations.
Loan Sizing
2020 saw Norristown Bell place emphasis on $100,000 or less loans with 9 originations, totaling $315,000 in origination value.
Applicant Income
Norristown Bell lent most frequently to those with incomes in the $50k-75k range, with 9 originations. The second most popular income band? $75k-100k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 17 | $1,625,000 | $95,588 | $0 | 0.00% |
Norristown Bell lent most frequently to those with DTI ratios of Exempt%, with 17 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.17%
Norristown Bell has a below average approval rate.
Pick Rate
Approvals leading to origination88.24%
Norristown Bell has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 17 | $1,625,000 | $95,588 |