The First National Bank Of Long Island Mortgage Rates, Fees & Info
Glen Head, NYLEI: WO4YNEKNSZNVVA7Q7C46
Tax ID: 11-0804410
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The First National Bank Of Long Island is a smaller bank specializing in Cash Out Refi, Refi, and Home Purchase loans. The First National Bank Of Long Island has a high proportion of conventional loans. Their top (well, only) market is New York.The First National Bank Of Long Island 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.72% | 4/17/25 |
| 30 Year Cash-out Refi | 6.72% | 4/17/25 |
| 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. | ||
The First National Bank Of Long Island Mortgage Calculator
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Originations
14Origination Dollar Volume (All Markets)
$36,340,000Top 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) | 14 | $36,340,000 | $2,595,714 | $0 | 6.18% |
Similar Lenders
We use machine learning to identify the top lenders compared against The First National Bank of Long Island based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 14 | $36,340,000 | $2,595,714 | $0 | 6.18% |
For 2024, The First National Bank Of Long Island's most frequently originated type of loan was Conventional, with 14 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 7 | $19,635,000 | $2,805,000 | $0 | 6.10% |
| Refi | 4 | $9,070,000 | $2,267,500 | $0 | 6.25% |
| Home Purchase | 3 | $7,635,000 | $2,545,000 | $0 | 6.25% |
For 2024, The First National Bank Of Long Island's most frequently cited loan purpose was Cash Out Refi, with 7 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 10 Year | 13 | $32,245,000 | $2,480,385 | $0 | 6.21% |
| 5 Year | 1 | $4,095,000 | $4,095,000 | $0 | 5.75% |
For 2024, The First National Bank Of Long Island's most frequently cited loan duration was 10 Year, with 13 originations. The 2nd most popular length was 5 Year, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 8 | $15,220,000 | $1,902,500 |
| 5-6% | 6 | $21,120,000 | $3,520,000 |
During 2024, The First National Bank Of Long Island's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 8 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 13 | $35,935,000 | $2,764,231 | $0 | 6.15% |
| $400k-600k | 1 | $405,000 | $405,000 | $0 | 6.50% |
2024 saw The First National Bank Of Long Island place emphasis on $1MM+ loans with 13 originations, totaling $35,935,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 14 | $36,340,000 | $2,595,714 | $0 | 6.18% |
Approval Rates
Total approvals of all applications96.88%
The First National Bank Of Long Island has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.86%
The First National Bank Of Long Island has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 14 | $36,340,000 | $2,595,714 |