Mars Bank Mortgage Rates, Fees & InfoMars, PA
Tax ID: 25-0640500
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewMars Bank is a smaller bank specializing in Home Purchase loans. Mars Bank has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburgh, Youngstown, Beckley, Oil City, and New Castle among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)
Mars 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)$81,285,000
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|
|PITTSBURGH, PA (FHA|USDA|VA)||274||$65,020,000||$237,299||$0||0.00%|
|YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA)||27||$6,345,000||$235,000||$0||0.00%|
|BECKLEY, WV (FHA|USDA|VA)||14||$2,840,000||$202,857||$0||0.00%|
|Oil City, PA (FHA|USDA|VA)||3||$1,785,000||$595,000||$0||0.00%|
|New Castle, PA (FHA|USDA|VA)||9||$1,685,000||$187,222||$0||0.00%|
|Outside of Metro Areas||9||$1,465,000||$162,778||$0||0.00%|
|Indiana, PA (FHA|USDA|VA)||1||$635,000||$635,000||$0||0.00%|
|STATE COLLEGE, PA (FHA|USDA|VA)||1||$275,000||$275,000||$0||0.00%|
|Meadville, PA (FHA|USDA|VA)||1||$245,000||$245,000||$0||0.00%|
|Somerset, PA (FHA|USDA|VA)||1||$225,000||$225,000||$0||0.00%|
|CHARLESTON, WV (FHA|USDA|VA)||1||$195,000||$195,000||$0||0.00%|
|HARRISBURG-CARLISLE, PA (FHA|USDA|VA)||1||$195,000||$195,000||$0||0.00%|
|HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA)||1||$185,000||$185,000||$0||0.00%|
|Bluefield, WV-VA (FHA|USDA|VA)||1||$105,000||$105,000||$0||0.00%|
|St. Marys, PA (FHA|USDA|VA)||1||$85,000||$85,000||$0||0.00%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Mars Bank's most frequently originated type of loan was Conventional, with 345 originations.
For 2022, Mars Bank's most frequently cited loan purpose was Home Purchase, with 207 originations. The 2nd most popular reason was Cash Out Refi, with 67 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Mars Bank's most frequently cited loan duration was Other, with 345 originations.
2022 saw Mars Bank place emphasis on $100k-200k loans with 126 originations, totaling $19,210,000 in origination value.
Mars Bank lent most frequently to those with incomes in the $50k-75k range, with 73 originations. The second most popular income band? $100k-150k, with 72 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Mars Bank lent most frequently to those with DTI ratios of Exempt%, with 345 originations.
Approval RatesTotal approvals of all applications
Mars Bank has an average approval rate.
Pick RateApprovals leading to origination
Mars Bank has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|