# Ridgewood Savings Bank

> **Canonical URL:** https://saferate.com/lenders/ridgewood-savings-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


Ridgewood Savings Bank is a bank, headquartered in Ridgewood, NY, serving borrowers across 2 states, with 232 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 44% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 57% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300YLIY5SO2XSK094
- **Headquarters:** Ridgewood, NY
- **Geographic Reach:** Regional
- **States Served:** 2
- **State List:** CT, NY
- **Markets (MSAs):** 3
- **Primary Channel:** mix
- **Direct Origination:** 23.5%
- **Brokered/Wholesale:** 76.5%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 56/100
- Rating: ●●●○○ (3/5)

### Pull Through: Sound ☺️
- Score: 43/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.210%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,396
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 232
- **Dollar Volume:** $196 million
- **Applications Received:** 378
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $843,966
- **Average Borrower Income:** $350,349
- **Average Property Value:** $1,169,914

## Safe Rate Awards 🏆

- ⭐ **Jumbo Gold Superstar** (64%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 39/100 | 167 | -0.232% | $1,177 | Acceptable 🙂 |
| Jumbo | 76/100 | 65 | -0.149% | $2,005 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 146 loans, Score: 40/100 (Sound)
- Refinance: 21 loans, Score: 33/100 (Acceptable)

**Jumbo:**
- Purchase: 56 loans, Score: 77/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 45/100 | 202 | $173M | -0.211% | Sound ☺️ |
| Refinance | 37/100 | 30 | $23M | -0.203% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NY | 199 | 0.18% | 74/100 |
| CT | 33 | 0.10% | 56/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| New York | NY-NJ | 123 | 73/100 |
| Nassau County | NY | 76 | 69/100 |
| Bridgeport | CT | 33 | 64/100 |

## Where This Lender Ranks

Ridgewood Savings Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#11** in Nassau County for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/nassau-county/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#12** in Nassau County Banks
  - [View Full Rankings](https://saferate.com/nassau-county/best-mortgage-lenders/banks)
- 🏆 **#13** in Nassau County for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/nassau-county/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#15** in New York for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/new-york/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#17** in New York Banks
  - [View Full Rankings](https://saferate.com/new-york/best-mortgage-lenders/banks)
- 🏆 **#17** in Nassau County for Jumbo Loans
  - [View Full Rankings](https://saferate.com/nassau-county/best-mortgage-lenders/jumbo-loans)
- 🏆 **#17** in Bridgeport for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/bridgeport/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#19** in Bridgeport Banks
  - [View Full Rankings](https://saferate.com/bridgeport/best-mortgage-lenders/banks)
- 🏆 **#20** in New York for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/new-york/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does Ridgewood Savings Bank offer?

Ridgewood Savings 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 Ridgewood Savings Bank offer mortgages?

Ridgewood Savings Bank offers mortgages in 2 states: CT, NY.

### How competitive are Ridgewood Savings Bank's mortgage rates?

Ridgewood Savings Bank has a pricing score of 56/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.210% below market average.

### What type of lender is Ridgewood Savings Bank?

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

### What is Ridgewood Savings Bank's loan approval success rate?

Ridgewood Savings Bank has a pull-through score of 43/100 (Sound). 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/ridgewood-savings-bank

### How to Cite

> "Ridgewood Savings Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/ridgewood-savings-bank

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