Hingham Institution For Savings Mortgage Rates, Fees & Info
Hingham, MALEI: 2549009GDCGUR2T6KU55
Tax ID: 04-1442480
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Hingham Institution For Savings is a smaller mortgage company specializing in Home Purchase and Refi loans. Hingham Institution For Savings has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Washington, San Francisco, Barnstable Town, and Vineyard Haven among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Hingham Institution For Savings 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
99Origination Dollar Volume (All Markets)
$230,405,000Top 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) | 72 | $134,890,000 | $1,873,472 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 15 | $78,725,000 | $5,248,333 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $10,200,000 | $1,700,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $3,605,000 | $3,605,000 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 4 | $2,580,000 | $645,000 | $0 | 0.00% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Hingham Institution for Savings based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 99 | $230,405,000 | $2,327,323 | $0 | 0.00% |
For 2024, Hingham Institution For Savings's most frequently originated type of loan was Conventional, with 99 originations.
Loan Reason
For 2024, Hingham Institution For Savings's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Refi, with 37 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 99 | $230,405,000 | $2,327,323 | $0 | 0.00% |
For 2024, Hingham Institution For Savings's most frequently cited loan duration was Other, with 99 originations.
Loan Sizing
2024 saw Hingham Institution For Savings place emphasis on $1MM+ loans with 50 originations, totaling $201,270,000 in origination value.
Applicant Income
Hingham Institution For Savings lent most frequently to those with incomes in the $250k+ range, with 15 originations. The second most popular income band? $150k-250k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 99 | $230,405,000 | $2,327,323 | $0 | 0.00% |
Hingham Institution For Savings lent most frequently to those with DTI ratios of Exempt%, with 99 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.06%
Hingham Institution For Savings has an average approval rate.
Pick Rate
Approvals leading to origination86.87%
Hingham Institution For Savings has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 99 | $230,405,000 | $2,327,323 |