The Lowell Five Cent Savings Bank Mortgage Rates, Fees & Info
Tewksbury, MALEI: 254900F213LCBO4VGA06
Tax ID: 45-3131005
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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, Manchester, Barnstable Town, Laconia, and Naples among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)The Lowell Five Cent Savings Bank has an 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
150Origination Dollar Volume (All Markets)
$107,030,000Top 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) | 117 | $89,715,000 | $766,795 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 21 | $9,985,000 | $475,476 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $3,260,000 | $815,000 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $1,920,000 | $960,000 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, 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 | 150 | $107,030,000 | $713,533 | $0 | 0.00% |
For 2023, The Lowell Five Cent Savings Bank's most frequently originated type of loan was Conventional, with 150 originations.
Loan Reason
For 2023, The Lowell Five Cent Savings Bank's most frequently cited loan purpose was Home Purchase, with 88 originations. The 2nd most popular reason was Refi, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 150 | $107,030,000 | $713,533 | $0 | 0.00% |
For 2023, The Lowell Five Cent Savings Bank's most frequently cited loan duration was Other, with 150 originations.
Loan Sizing
2023 saw The Lowell Five Cent Savings Bank place emphasis on $400k-600k loans with 33 originations, totaling $16,625,000 in origination value.
Applicant Income
The Lowell Five Cent Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 27 originations. The second most popular income band? $100k-150k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 150 | $107,030,000 | $713,533 | $0 | 0.00% |
The Lowell Five Cent Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 150 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.34%
The Lowell Five Cent Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination72.67%
The Lowell Five Cent Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 150 | $107,030,000 | $713,533 |