East Cambridge Savings Bank Mortgage Rates, Fees & Info

Cambridge, MA

LEI: 2549006A34A1F1ZGTT81

Tax ID: 04-1269550

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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

158

Origination Dollar Volume (All Markets)

$109,430,000

Top 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%
East Cambridge Savings Bank's top markets include Boston, Worcester, Manchester, Barnstable Town, and Springfield among others.

Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 145 $100,505,000 $693,138 $0 0.00%
    Cash Out Refi 7 $3,665,000 $523,571 $0 0.00%
    Refi 3 $4,405,000 $1,468,333 $0 0.00%
    Other 2 $600,000 $300,000 $0 0.00%
    Home Improvement 1 $255,000 $255,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 49 $36,775,000 $750,510 $0 0.00%
    $400k-600k 45 $22,425,000 $498,333 $0 0.00%
    $200k-400k 31 $9,735,000 $314,032 $0 0.00%
    $1MM+ 27 $39,595,000 $1,466,481 $0 0.00%
    $100k-200k 5 $825,000 $165,000 $0 0.00%
    $100,000 or less 1 $75,000 $75,000 $0 0.00%

    2023 saw East Cambridge Savings Bank place emphasis on $600k-1MM loans with 49 originations, totaling $36,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 54 $32,720,000 $605,926 $0 0.00%
    $250k+ 48 $43,070,000 $897,292 $0 0.00%
    $100k-150k 24 $10,950,000 $456,250 $0 0.00%
    $75k-100k 12 $4,070,000 $339,167 $0 0.00%
    $50k-75k 7 $2,235,000 $319,286 $0 0.00%
    $50k or less 3 $715,000 $238,333 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 101 $63,315,000 $626,881 $0 0.00%
    Not applicable 8 $14,920,000 $1,865,000 $0 0.00%
    Asian 19 $12,525,000 $659,211 $0 0.00%
    Not provided 17 $10,395,000 $611,471 $0 0.00%
    Black 7 $4,375,000 $625,000 $0 0.00%
    Asian Indian 4 $2,580,000 $645,000 $0 0.00%
    Other Asian 2 $1,320,000 $660,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.26%

    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 origination
    83.54%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    158 $109,430,000 $692,595