Connectone Bank Mortgage Rates, Fees & InfoEnglewood Cliffs, NJ
Tax ID: 20-1172127
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewConnectone Bank is a smaller bank specializing in Home Purchase and Refi loans. Connectone Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Philadelphia, Miami, Bridgeport, and Lexington among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)
Connectone Bank has an above 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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Origination Dollar Volume (All Markets)$775,420,000
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|
|New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA)||294||$630,310,000||$2,143,912||$0||0.00%|
|Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA)||16||$61,330,000||$3,833,125||$0||0.00%|
|Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)||11||$19,205,000||$1,745,909||$0||0.00%|
|BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA)||3||$15,005,000||$5,001,667||$0||0.00%|
|LEXINGTON-FAYETTE, KY (FHA|USDA|VA)||1||$9,785,000||$9,785,000||$0||0.00%|
|VINELAND-BRIDGETON, NJ (FHA|USDA|VA)||3||$7,765,000||$2,588,333||$0||0.00%|
|ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA)||3||$7,685,000||$2,561,667||$0||0.00%|
|NEW HAVEN-MILFORD, CT (FHA|USDA|VA)||1||$6,605,000||$6,605,000||$0||0.00%|
|PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA)||2||$4,440,000||$2,220,000||$0||0.00%|
|POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA)||3||$3,975,000||$1,325,000||$0||0.00%|
|SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA)||1||$2,475,000||$2,475,000||$0||0.00%|
|North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)||1||$2,005,000||$2,005,000||$0||0.00%|
|Torrington, CT (FHA|USDA|VA)||2||$1,850,000||$925,000||$0||0.00%|
|HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA)||1||$1,505,000||$1,505,000||$0||0.00%|
|KINGSTON, NY (FHA|USDA|VA)||1||$705,000||$705,000||$0||0.00%|
|ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA)||1||$395,000||$395,000||$0||0.00%|
|PORT ST. LUCIE, FL (FHA|USDA|VA)||1||$205,000||$205,000||$0||0.00%|
|TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)||1||$175,000||$175,000||$0||0.00%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Connectone Bank's most frequently originated type of loan was Conventional, with 346 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||25||$16,455,000||$658,200||$0||0.00%|
For 2022, Connectone Bank's most frequently cited loan purpose was Home Purchase, with 187 originations. The 2nd most popular reason was Refi, with 132 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Connectone Bank's most frequently cited loan duration was Other, with 346 originations.
2022 saw Connectone Bank place emphasis on $1MM+ loans with 204 originations, totaling $696,520,000 in origination value.
Connectone Bank lent most frequently to those with incomes in the $250k+ range, with 36 originations. The second most popular income band? $150k-250k, with 23 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Connectone Bank lent most frequently to those with DTI ratios of Exempt%, with 346 originations.
Approval RatesTotal approvals of all applications
Connectone Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Connectone Bank has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|