Mascoma Bank Mortgage Rates, Fees & Info
Lebanon, NHLEI: 254900JKWAH734HBIE78
Tax ID: 02-0163906
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Mortgage Data
Review & Overview
Mascoma Bank is a smaller bank specializing in Home Purchase loans. Mascoma Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lebanon, Burlington, Concord, Keene, and Barre among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Mascoma 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. Mascoma Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 3.92% | 11/17/24 |
| 30 Year Conventional Purchase | 6.36% | 11/17/24 |
| 30 Year Conventional Refi | 6.46% | 11/17/24 |
| 30 Year Cash-out Refi | 6.47% | 11/17/24 |
| 15 Year Conventional Purchase | 6.10% | 11/17/24 |
| 15 Year Conventional Refi | 6.23% | 11/17/24 |
| 15 Year Cash-out Refi | 6.23% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Mascoma Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,771Origination Dollar Volume (All Markets)
$475,025,000Top 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 |
|---|---|---|---|---|---|
| Lebanon, NH-VT (FHA|USDA|VA) | 1,208 | $274,370,000 | $227,127 | $3,122 | 3.49% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 95 | $59,245,000 | $623,632 | $3,913 | 3.55% |
| Concord, NH (FHA|USDA|VA) | 105 | $26,935,000 | $256,524 | $3,129 | 3.39% |
| Outside of Metro Areas | 95 | $26,455,000 | $278,474 | $3,714 | 3.49% |
| Keene, NH (FHA|USDA|VA) | 119 | $21,525,000 | $180,882 | $2,855 | 3.54% |
| Barre, VT (FHA|USDA|VA) | 18 | $20,010,000 | $1,111,667 | $3,277 | 3.75% |
| Rutland, VT (FHA|USDA|VA) | 64 | $16,160,000 | $252,500 | $3,955 | 3.33% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 4 | $14,720,000 | $3,680,000 | $4,814 | 3.11% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 12 | $6,470,000 | $539,167 | $3,569 | 3.34% |
| Berlin, NH (FHA|USDA|VA) | 34 | $4,410,000 | $129,706 | $2,378 | 3.44% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 12 | $3,150,000 | $262,500 | $3,341 | 3.48% |
| Laconia, NH (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $4,617 | 3.00% |
| Bennington, VT (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $3,893 | 3.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against Mascoma Bank 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 | 1,525 | $455,075,000 | $298,410 | $3,214 | 3.38% |
| HELOC | 245 | $19,935,000 | $81,367 | n/a | 4.13% |
| VA | 1 | $15,000 | $15,000 | $0 | 3.99% |
For 2020, Mascoma Bank's most frequently originated type of loan was Conventional, with 1,525 originations. Their 2nd most popular type was HELOC, with 245 originations.
Loan Reason
For 2020, Mascoma Bank's most frequently cited loan purpose was Home Purchase, with 750 originations. The 2nd most popular reason was Refi, with 387 originations.
Loan Duration/Length
For 2020, Mascoma Bank's most frequently cited loan duration was 30 Year, with 972 originations. The 2nd most popular length was Other, with 275 originations.
Origination Fees/Closing Costs
Mascoma Bank's average total fees were $3,516, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 876 originations.
Interest Rates
During 2020, Mascoma Bank's average interest rate for loans was 3.40%, while their most frequently originated rate bucket for loans was 3-4%, with 1,183 originations.
Loan Sizing
2020 saw Mascoma Bank place emphasis on $100k-200k loans with 564 originations, totaling $84,130,000 in origination value.
Applicant Income
Mascoma Bank lent most frequently to those with incomes in the $100k-150k range, with 383 originations. The second most popular income band? $50k-75k, with 334 originations.
Applicant Debt to Income Ratio
Mascoma Bank lent most frequently to those with DTI ratios of 20-30%, with 422 originations. The next most common DTI ratio? 30-36%, with 332 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.88%
Mascoma Bank has an average approval rate.
Pick Rate
Approvals leading to origination77.92%
Mascoma Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 744.0 | 1 | $35,000 | $35,000 |
| NA | 1,770 | $474,990,000 | $268,356 |