Habib American Bank Mortgage Rates, Fees & Info
New York, NYLEI: 549300YV77ZZ5ADLO929
Tax ID: 13-3173929
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Habib American Bank is a smaller bank specializing in Refi and Home Purchase loans. Habib American Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Los Angeles, Riverside, Santa Maria, and San Diego among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Habib American Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
121Origination Dollar Volume (All Markets)
$119,935,000Top 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) | 95 | $85,635,000 | $901,421 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 16 | $18,920,000 | $1,182,500 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $8,105,000 | $8,105,000 | $0 | 0.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $4,585,000 | $1,528,333 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 121 | $119,935,000 | $991,198 | $0 | 0.00% |
For 2022, Habib American Bank's most frequently originated type of loan was Conventional, with 121 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 76 | $86,580,000 | $1,139,211 | $0 | 0.00% |
| Home Purchase | 45 | $33,355,000 | $741,222 | $0 | 0.00% |
For 2022, Habib American Bank's most frequently cited loan purpose was Refi, with 76 originations. The 2nd most popular reason was Home Purchase, with 45 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 121 | $119,935,000 | $991,198 | $0 | 0.00% |
For 2022, Habib American Bank's most frequently cited loan duration was Other, with 121 originations.
Loan Sizing
2022 saw Habib American Bank place emphasis on $600k-1MM loans with 48 originations, totaling $35,870,000 in origination value.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 121 | $119,935,000 | $991,198 | $0 | 0.00% |
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 118 | $115,350,000 | $977,542 | $0 | 0.00% |
| Not provided | 3 | $4,585,000 | $1,528,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Habib American Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination95.04%
Habib American Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 121 | $119,935,000 | $991,198 |