East Cambridge Savings Bank Mortgage Rates, Fees & Info
Cambridge, MALEI: 2549006A34A1F1ZGTT81
Tax ID: 04-1269550
Latest/2022 | 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, Barnstable Town, Worcester, Providence, and Orlando among others. We have data for 18 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
411Origination Dollar Volume (All Markets)
$312,825,000Top 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) | 374 | $287,950,000 | $769,920 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 9 | $7,675,000 | $852,778 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $7,515,000 | $2,505,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 7 | $2,635,000 | $376,429 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 4 | $2,350,000 | $587,500 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| Rutland, VT (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Barre, VT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Concord, NH (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 411 | $312,825,000 | $761,131 | $0 | 0.00% |
For 2022, East Cambridge Savings Bank's most frequently originated type of loan was Conventional, with 411 originations.
Loan Reason
For 2022, East Cambridge Savings Bank's most frequently cited loan purpose was Home Purchase, with 270 originations. The 2nd most popular reason was Cash Out Refi, with 66 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 411 | $312,825,000 | $761,131 | $0 | 0.00% |
For 2022, East Cambridge Savings Bank's most frequently cited loan duration was Other, with 411 originations.
Loan Sizing
2022 saw East Cambridge Savings Bank place emphasis on $600k-1MM loans with 130 originations, totaling $101,220,000 in origination value.
Applicant Income
East Cambridge Savings Bank lent most frequently to those with incomes in the $250k+ range, with 102 originations. The second most popular income band? $150k-250k, with 90 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 411 | $312,825,000 | $761,131 | $0 | 0.00% |
East Cambridge Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 411 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.52%
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 origination89.54%
East Cambridge Savings Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 411 | $312,825,000 | $761,131 |