Bank Of Easton Mortgage Rates, Fees & Info

NORTH EASTON, MA

LEI: 254900MFGTAZXMCELW10

Tax ID: 04-1677520

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Bank Of Easton is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Bank Of Easton has a high proportion of conventional loans. Their top markets by origination volume include: Providence, Boston, and Barnstable Town among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bank Of Easton has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Bank Of Easton 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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    Originations

    49

    Origination Dollar Volume (All Markets)

    $17,125,000

    Awards

    Bank of Easton 30 Year Conventional Loans gold Bank of Easton 30 Year Conventional Loans gold Bank of Easton 30 Year Conventional Loans gold
    Show all (3) awards

    Top 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
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 30 $11,250,000 $375,000 $2,577 4.23%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 17 $5,335,000 $313,824 $3,278 3.99%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $540,000 $270,000 $2,678 3.50%
    Bank Of Easton's top markets include Providence, Boston, and Barnstable Town among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Bank of Easton based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Westport Federal Credit Union
    Similarity Rank: 23
    Notre Dame Community Federal Credit Union
    Similarity Rank: 38
    PAWTUCKET
    Similarity Rank: 60
    Bank of Easton
    Similarity Rank: 66
    Charter Oak Federal Credit Union
    Similarity Rank: 66
    SOMERSET
    Similarity Rank: 99
    Sharon & Crescent United Credit Union
    Similarity Rank: 140
    HARVARD UNIVERSITY EMPLOYEES
    Similarity Rank: 168
    St. Anne's Credit Union of Fall River, Mass.
    Similarity Rank: 189
    UniBank for Savings
    Similarity Rank: 234

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 49 $17,125,000 $349,490 $2,834 4.12%

    For 2018, Bank Of Easton's most frequently originated type of loan was Conventional, with 49 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 30 $11,660,000 $388,667 $3,134 4.10%
    Cash Out Refi 14 $4,090,000 $292,143 $2,612 4.10%
    Refi 3 $995,000 $331,667 $1,789 4.50%
    Home Improvement 2 $380,000 $190,000 $80 3.88%

    For 2018, Bank Of Easton's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 30 $9,990,000 $333,000 $2,863 4.03%
    15 Year 8 $2,020,000 $252,500 $3,069 3.95%
    20 Year 8 $3,570,000 $446,250 $0 4.31%
    Other 2 $1,520,000 $760,000 $0 5.69%
    5 Year 1 $25,000 $25,000 $80 3.25%

    For 2018, Bank Of Easton's most frequently cited loan duration was 30 Year, with 30 originations. The 2nd most popular length was 15 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 34 $9,790,000 $287,941
    $5k+ 2 $1,010,000 $505,000
    $2k-3k 1 $215,000 $215,000
    $3k-4k 1 $595,000 $595,000
    $4k-5k 1 $425,000 $425,000

    Bank Of Easton's average total fees were $2,863, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 34 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 32 $10,010,000 $312,813
    4-5% 9 $3,805,000 $422,778
    5-6% 8 $3,310,000 $413,750

    During 2018, Bank Of Easton's average interest rate for loans was 4.03%, while their most frequently originated rate bucket for loans was 3-4%, with 32 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 22 $6,790,000 $308,636 $2,440 3.81%
    $400k-600k 11 $5,215,000 $474,091 $5,195 4.32%
    $100k-200k 10 $1,650,000 $165,000 $2,035 4.25%
    $600k-1MM 3 $2,285,000 $761,667 $3,286 4.71%
    $100,000 or less 2 $80,000 $40,000 $70 4.37%
    $1MM+ 1 $1,105,000 $1,105,000 $0 5.00%

    2018 saw Bank Of Easton place emphasis on $200k-400k loans with 22 originations, totaling $6,790,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $3,780,000 $270,000 $2,152 4.24%
    $250k+ 11 $6,685,000 $607,727 $4,877 4.41%
    $75k-100k 9 $2,415,000 $268,333 $2,463 3.61%
    $150k-250k 6 $2,140,000 $356,667 $4,322 3.65%
    $50k-75k 3 $585,000 $195,000 $2,000 4.08%
    $50k or less 3 $355,000 $118,333 $1,352 4.75%

    Bank Of Easton lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $250k+, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 13 $3,575,000 $275,000 $2,200 3.98%
    20-30% 8 $2,720,000 $340,000 $3,773 4.27%
    44% 3 $735,000 $245,000 $2,798 3.88%
    42% 3 $855,000 $285,000 $4,454 3.63%
    <20% 2 $380,000 $190,000 $2,156 4.25%
    37% 2 $770,000 $385,000 $2,548 3.94%
    40% 2 $590,000 $295,000 $2,463 4.25%
    41% 1 $335,000 $335,000 $2,407 3.25%
    43% 1 $305,000 $305,000 $2,106 3.50%
    38% 1 $415,000 $415,000 $2,554 5.00%
    45% 1 $175,000 $175,000 $0 5.25%
    46% 1 $705,000 $705,000 $3,732 3.50%
    47% 1 $345,000 $345,000 $2,832 3.50%
    50-60% 1 $305,000 $305,000 $2,000 3.88%

    Bank Of Easton lent most frequently to those with DTI ratios of 30-36%, with 13 originations. The next most common DTI ratio? 20-30%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 38 $13,030,000 $342,895 $2,878 4.02%
    Not provided 7 $2,495,000 $356,429 $2,616 4.41%
    Not applicable 3 $1,165,000 $388,333 $0 4.33%
    Asian 1 $435,000 $435,000 $2,972 5.13%

    Approval Rates

    Total approvals of all applications
    98.11%

    Bank Of Easton has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    95.92%

    Bank Of Easton has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 49 $17,125,000 $349,490

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 49 $17,125,000 $349,490

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $535,000 $178,333 $1,902 4.25%
    40-60% 8 $2,650,000 $331,250 $2,480 4.34%
    60-80% 29 $11,475,000 $395,690 $2,980 4.13%
    80-100% 6 $2,100,000 $350,000 $4,188 3.67%
    Under 20% 3 $365,000 $121,667 $908 4.21%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 14.8%
    BANK OF THE WEST VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.7%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 3 11.1%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 5 18.5%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Incorrect information on your report 2 7.4%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 4 14.8%
    BANK OF THE WEST FHA mortgage Closing on a mortgage 1 3.7%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 1 3.7%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 3.7%
    BANK OF THE WEST Conventional home mortgage Closing on a mortgage 2 7.4%