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, Cash Out Refi, and Refi loans. Norristown Bell has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Allentown, Atlantic City, and Ocean City 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 an average approval rate when compared to the average across all lenders.
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Originations
16Origination Dollar Volume (All Markets)
$80,000Top 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) | 12 | $60,000 | $5,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $5,000 | $5,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 16 | $80,000 | $5,000 | $0 | 0.00% |
For 2021, Norristown Bell's most frequently originated type of loan was Conventional, with 16 originations.
Loan Reason
For 2021, Norristown Bell's most frequently cited loan purpose was Home Improvement, with 6 originations. The 2nd most popular reason was Cash Out Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 16 | $80,000 | $5,000 | $0 | 0.00% |
For 2021, Norristown Bell's most frequently cited loan duration was Other, with 16 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 16 | $80,000 | $5,000 | $0 | 0.00% |
2021 saw Norristown Bell place emphasis on $100,000 or less loans with 16 originations, totaling $80,000 in origination value.
Applicant Income
Norristown Bell lent most frequently to those with incomes in the $75k-100k range, with 5 originations. The second most popular income band? $50k-75k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 16 | $80,000 | $5,000 | $0 | 0.00% |
Norristown Bell lent most frequently to those with DTI ratios of Exempt%, with 16 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 14 | $70,000 | $5,000 | $0 | 0.00% |
| American Indian | 1 | $5,000 | $5,000 | $0 | 0.00% |
| Not provided | 1 | $5,000 | $5,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications80.95%
Norristown Bell has a below average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 16 | $80,000 | $5,000 |