Mostly refinances, all conventional
Refinances were 52.7% of its loans and purchases 30.4%, all conventional. Its dollar volume, $300.9 million, was higher than about four in five similar lenders (state non-member banks making between half and twice as many loans), although its typical loan, $135,000, was smaller than their $195,000; jumbo loans (larger than the conforming limit) were 5.9%, against 1.9%, suggesting larger loans carry much of its volume. Its denial rate on first-lien refinance applications, which make up most of its lending, was 2.0%, against 15.1% at similar lenders.