Signature Bank Mortgage Rates, Fees & InfoNew York, NY
Tax ID: 13-4149421
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewSignature Bank is a mid-sized bank specializing in Refi and Home Purchase loans. Signature Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Philadelphia, Los Angeles, Riverside, and Oxnard among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)
Signature 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.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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|Simulated Rate||Simulation Date|
|15 Year Conventional Purchase||5.68%||12/1/23|
|These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.|
Signature Bank Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Signature Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$4,580,520,000
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)||291||$3,381,245,000||$11,619,399||$0||4.28%|
|Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA)||8||$436,150,000||$54,518,750||$0||3.97%|
|Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA)||23||$363,165,000||$15,789,783||$0||4.72%|
|RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)||3||$135,265,000||$45,088,333||$0||4.29%|
|OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA)||1||$75,005,000||$75,005,000||$0||5.90%|
|HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA)||1||$63,005,000||$63,005,000||$0||5.00%|
|NEW HAVEN-MILFORD, CT (FHA|USDA|VA)||2||$46,880,000||$23,440,000||$0||4.95%|
|SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA)||2||$33,880,000||$16,940,000||$0||6.27%|
|TRENTON-PRINCETON, NJ (FHA|USDA|VA)||1||$19,755,000||$19,755,000||$0||4.50%|
|ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA)||1||$10,505,000||$10,505,000||$0||4.00%|
|San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA)||3||$6,925,000||$2,308,333||$0||4.75%|
|ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA)||1||$6,755,000||$6,755,000||$0||4.50%|
|CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA)||1||$1,985,000||$1,985,000||$0||4.75%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Signature Bank's most frequently originated type of loan was Conventional, with 338 originations.
For 2022, Signature Bank's most frequently cited loan purpose was Refi, with 217 originations. The 2nd most popular reason was Home Purchase, with 117 originations.
For 2022, Signature Bank's most frequently cited loan duration was 10 Year, with 267 originations. The 2nd most popular length was 5 Year, with 33 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Signature Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 163 originations.
|Loan Size||Originations||Total Value||Average Loan||Average Fees||Average Rate|
2022 saw Signature Bank place emphasis on $1MM+ loans with 323 originations, totaling $4,569,495,000 in origination value.
|Applicant Ethnicity||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Approval RatesTotal approvals of all applications
Signature Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Signature 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|
Occupancy Type Mix
|Dwelling Type||Originations||Total Value||Average Loan|