Northmark Bank Mortgage Rates, Fees & InfoNorth Andover, MA
Tax ID: 04-2976591
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewNorthmark Bank is a smaller bank specializing in Home Purchase and Refi loans. Northmark Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Lebanon, Miami, Manchester, and Portland among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)
Northmark 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)$60,110,000
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|
|Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA)||96||$58,750,000||$611,979||$0||0.00%|
|Lebanon, NH-VT (FHA|USDA|VA)||1||$905,000||$905,000||$0||0.00%|
|Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)||1||$275,000||$275,000||$0||0.00%|
|MANCHESTER-NASHUA, NH (FHA|USDA|VA)||1||$145,000||$145,000||$0||0.00%|
|PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA)||1||$35,000||$35,000||$0||0.00%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Northmark Bank's most frequently originated type of loan was Conventional, with 100 originations.
For 2022, Northmark Bank's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Refi, with 31 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Northmark Bank's most frequently cited loan duration was Other, with 100 originations.
2022 saw Northmark Bank place emphasis on $200k-400k loans with 21 originations, totaling $6,175,000 in origination value.
Northmark Bank lent most frequently to those with incomes in the $250k+ range, with 28 originations. The second most popular income band? $150k-250k, with 18 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Northmark Bank lent most frequently to those with DTI ratios of Exempt%, with 100 originations.
Approval RatesTotal approvals of all applications
Northmark Bank has an average approval rate.
Pick RateApprovals leading to origination
Northmark Bank has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|