Connectone Bank Mortgage Rates, Fees & Info
Englewood Cliffs, NJLEI: 549300X03SL4SM0F3U87
Tax ID: 20-1172127
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Connectone 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, Hartford, Orlando, Philadelphia, and Key West among others. We have data for 9 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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Originations
53Origination Dollar Volume (All Markets)
$54,765,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 44 | $31,850,000 | $723,864 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $17,405,000 | $17,405,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $1,725,000 | $1,725,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $1,410,000 | $705,000 | $0 | 0.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 53 | $54,765,000 | $1,033,302 | $0 | 0.00% |
For 2023, Connectone Bank's most frequently originated type of loan was Conventional, with 53 originations.
Loan Reason
For 2023, Connectone Bank's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 53 | $54,765,000 | $1,033,302 | $0 | 0.00% |
For 2023, Connectone Bank's most frequently cited loan duration was Other, with 53 originations.
Loan Sizing
2023 saw Connectone Bank place emphasis on $200k-400k loans with 14 originations, totaling $3,980,000 in origination value.
Applicant Income
Connectone Bank lent most frequently to those with incomes in the $250k+ range, with 12 originations. The second most popular income band? $150k-250k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 53 | $54,765,000 | $1,033,302 | $0 | 0.00% |
Connectone Bank lent most frequently to those with DTI ratios of Exempt%, with 53 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.79%
Connectone Bank has an average approval rate.
Pick Rate
Approvals leading to origination73.58%
Connectone Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 53 | $54,765,000 | $1,033,302 |