The Lowell Five Cent Savings Bank Mortgage Rates, Fees & Info
Tewksbury, MALEI: 254900F213LCBO4VGA06
Tax ID: 45-3131005
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Lowell Five Cent Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. The Lowell Five Cent Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Barnstable Town, Worcester, Manchester, and Laconia among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)The Lowell Five Cent 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)
$145,120,000Top 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) | 116 | $90,200,000 | $777,586 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $25,005,000 | $25,005,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 13 | $17,955,000 | $1,381,154 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 17 | $6,695,000 | $393,824 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 3 | $1,525,000 | $508,333 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $1,470,000 | $735,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $600,000 | $300,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 158 | $145,120,000 | $918,481 | $0 | 0.00% |
For 2024, The Lowell Five Cent Savings Bank's most frequently originated type of loan was Conventional, with 158 originations.
Loan Reason
For 2024, The Lowell Five Cent Savings Bank's most frequently cited loan purpose was Home Purchase, with 109 originations. The 2nd most popular reason was Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 158 | $145,120,000 | $918,481 | $0 | 0.00% |
For 2024, The Lowell Five Cent Savings Bank's most frequently cited loan duration was Other, with 158 originations.
Loan Sizing
2024 saw The Lowell Five Cent Savings Bank place emphasis on $400k-600k loans with 41 originations, totaling $19,655,000 in origination value.
Applicant Income
The Lowell Five Cent Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 23 originations. The second most popular income band? $100k-150k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 158 | $145,120,000 | $918,481 | $0 | 0.00% |
The Lowell Five Cent Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 158 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.19%
The Lowell Five Cent 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 origination77.85%
The Lowell Five Cent Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 158 | $145,120,000 | $918,481 |