# Popular Bank

> **Canonical URL:** https://saferate.com/lenders/popular-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Popular Bank is a bank, headquartered in New York, NY, serving borrowers across 4 states, with 89 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 43% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 76% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300E0WPRCJMXMUM09
- **Headquarters:** New York, NY
- **Geographic Reach:** Regional
- **States Served:** 4
- **State List:** CO, FL, NJ, NY
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 57/100
- Rating: ●●●○○ (3/5)

### Pull Through: Acceptable 🙂
- Score: 24/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** -0.176%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,608
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 89
- **Dollar Volume:** $68 million
- **Applications Received:** 182
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $762,079
- **Average Borrower Income:** $401,809
- **Average Property Value:** $1,170,955

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 25/100 | 66 | -0.191% | $1,545 | Acceptable 🙂 |
| Jumbo | 67/100 | 23 | -0.124% | $1,833 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 62 loans, Score: 27/100 (Acceptable)

**Jumbo:**
- Purchase: 22 loans, Score: 67/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 32/100 | 84 | $63M | -0.162% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NY | 45 | 0.04% | 60/100 |
| FL | 36 | 0.01% | 54/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| New York | NY-NJ | 34 | 60/100 |
| Miami | FL | 20 | 55/100 |
| Nassau County | NY | 11 | 47/100 |

## Frequently Asked Questions

### What loan types does Popular Bank offer?

Popular Bank offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Popular Bank offer mortgages?

Popular Bank offers mortgages in 4 states: CO, FL, NJ, NY.

### How competitive are Popular Bank's mortgage rates?

Popular Bank has a pricing score of 57/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.176% below market average.

### What type of lender is Popular Bank?

Popular Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in New York, NY.

### What is Popular Bank's loan approval success rate?

Popular Bank has a pull-through score of 24/100 (Acceptable). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/popular-bank

### How to Cite

> "Popular Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/popular-bank

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