The First National Bank Of Long Island Mortgage Rates, Fees & InfoGlen Head, NY
Tax ID: 11-0804410
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewThe First National Bank Of Long Island is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. The First National Bank Of Long Island has a high proportion of conventional loans. Their top two markets are New York and Bridgeport .
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. The First National Bank Of Long Island is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.34%||9/18/23|
|30 Year Conventional Refi||6.21%||9/18/23|
|30 Year Cash-out Refi||6.23%||9/18/23|
|15 Year Conventional Purchase||5.91%||9/18/23|
|15 Year Conventional Refi||5.56%||9/18/23|
|15 Year Cash-out Refi||5.56%||9/18/23|
|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.|
The First National Bank Of Long Island Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from The First National Bank Of Long Island. 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)$410,640,000
The First National Bank of Long Island - 2022
The First National Bank of Long Island is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
Work for The First National Bank of Long Island?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
The First National Bank Of Long Island's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.96%.
Relative Fees (Closing Costs)
The First National Bank Of Long Island's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,329.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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)||319||$408,915,000||$1,281,865||$5,283||3.74%|
|BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA)||3||$1,725,000||$575,000||$4,870||4.16%|
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.
Similarity Rank: 306
Similarity Rank: 326
Similarity Rank: 352
Similarity Rank: 374
Similarity Rank: 448
Similarity Rank: 588
Similarity Rank: 592
Similarity Rank: 624
Similarity Rank: 705
Similarity Rank: 840
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, The First National Bank Of Long Island's most frequently originated type of loan was Conventional, with 322 originations.
For 2022, The First National Bank Of Long Island's most frequently cited loan purpose was Home Purchase, with 161 originations. The 2nd most popular reason was Cash Out Refi, with 123 originations.
For 2022, The First National Bank Of Long Island's most frequently cited loan duration was 30 Year, with 240 originations. The 2nd most popular length was 10 Year, with 51 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
The First National Bank Of Long Island's average total fees were $5,329, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 266 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, The First National Bank Of Long Island's average interest rate for loans was 3.80%, while their most frequently originated rate bucket for loans was 3-4%, with 117 originations.
2022 saw The First National Bank Of Long Island place emphasis on $1MM+ loans with 101 originations, totaling $292,895,000 in origination value.
The First National Bank Of Long Island lent most frequently to those with incomes in the $250k+ range, with 168 originations. The second most popular income band? $150k-250k, with 65 originations.
Applicant Debt to Income Ratio
The First National Bank Of Long Island lent most frequently to those with DTI ratios of 20-30%, with 86 originations. The next most common DTI ratio? 30-36%, with 59 originations.
Approval RatesTotal approvals of all applications
The First National Bank Of Long Island has an average approval rate.
Pick RateApprovals leading to origination
The First National Bank Of Long Island has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|