East Cambridge Savings Bank Mortgage Rates, Fees & Info
Cambridge, MALEI: 2549006A34A1F1ZGTT81
Tax ID: 04-1269550
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
East Cambridge Savings Bank is a smaller bank specializing in Home Purchase loans. East Cambridge Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Worcester, Manchester, Barnstable Town, and Springfield among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)East Cambridge Savings Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
158Origination Dollar Volume (All Markets)
$109,430,000Top 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 |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 135 | $97,945,000 | $725,519 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 10 | $5,130,000 | $513,000 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 7 | $3,205,000 | $457,857 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 4 | $2,150,000 | $537,500 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 158 | $109,430,000 | $692,595 | $0 | 0.00% |
For 2023, East Cambridge Savings Bank's most frequently originated type of loan was Conventional, with 158 originations.
Loan Reason
For 2023, East Cambridge Savings Bank's most frequently cited loan purpose was Home Purchase, with 145 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 158 | $109,430,000 | $692,595 | $0 | 0.00% |
For 2023, East Cambridge Savings Bank's most frequently cited loan duration was Other, with 158 originations.
Loan Sizing
2023 saw East Cambridge Savings Bank place emphasis on $600k-1MM loans with 49 originations, totaling $36,775,000 in origination value.
Applicant Income
East Cambridge Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 54 originations. The second most popular income band? $250k+, with 48 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 158 | $109,430,000 | $692,595 | $0 | 0.00% |
East Cambridge Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 158 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.26%
East Cambridge Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination83.54%
East Cambridge Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 158 | $109,430,000 | $692,595 |