Abacus Federal Savings Bank Mortgage Rates, Fees & InfoNew York, NY
Tax ID: 13-3234580
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewAbacus Federal Savings Bank is a smaller bank specializing in Home Purchase loans. Abacus Federal Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Philadelphia, Trenton, and New Haven among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)
Abacus Federal Savings 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)$65,805,000
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)||135||$64,095,000||$474,778||$0||0.00%|
|Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA)||4||$1,080,000||$270,000||$0||0.00%|
|TRENTON-PRINCETON, NJ (FHA|USDA|VA)||1||$325,000||$325,000||$0||0.00%|
|NEW HAVEN-MILFORD, CT (FHA|USDA|VA)||1||$305,000||$305,000||$0||0.00%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Abacus Federal Savings Bank's most frequently originated type of loan was Conventional, with 141 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||14||$6,020,000||$430,000||$0||0.00%|
For 2022, Abacus Federal Savings Bank's most frequently cited loan purpose was Home Purchase, with 106 originations. The 2nd most popular reason was Refi, with 21 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Abacus Federal Savings Bank's most frequently cited loan duration was Other, with 141 originations.
2022 saw Abacus Federal Savings Bank place emphasis on $200k-400k loans with 57 originations, totaling $17,425,000 in origination value.
Abacus Federal Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 55 originations. The second most popular income band? $100k-150k, with 37 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Abacus Federal Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 141 originations.
|Applicant Ethnicity||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Approval RatesTotal approvals of all applications
Abacus Federal Savings Bank has an average approval rate.
Pick RateApprovals leading to origination
Abacus Federal Savings Bank has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|