Washington Savings Bank Mortgage Rates, Fees & Info
Lowell, MALEI: 254900ZT04J7Z9KHMJ73
Tax ID: 04-1949430
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Washington Savings Bank is a smaller bank specializing in Refi and Home Purchase loans. Washington Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Manchester, Portland, Barnstable Town, and Lebanon among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Washington Savings Bank 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.
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Originations
103Origination Dollar Volume (All Markets)
$38,775,000Top 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) | 88 | $32,940,000 | $374,318 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 11 | $3,315,000 | $301,364 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $1,805,000 | $1,805,000 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 103 | $38,775,000 | $376,456 | $0 | 0.00% |
For 2022, Washington Savings Bank's most frequently originated type of loan was Conventional, with 103 originations.
Loan Reason
For 2022, Washington Savings Bank's most frequently cited loan purpose was Refi, with 53 originations. The 2nd most popular reason was Home Purchase, with 33 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 103 | $38,775,000 | $376,456 | $0 | 0.00% |
For 2022, Washington Savings Bank's most frequently cited loan duration was Other, with 103 originations.
Loan Sizing
2022 saw Washington Savings Bank place emphasis on $200k-400k loans with 35 originations, totaling $10,685,000 in origination value.
Applicant Income
Washington Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 18 originations. The second most popular income band? $150k-250k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 103 | $38,775,000 | $376,456 | $0 | 0.00% |
Washington Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 103 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.67%
Washington Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination90.29%
Washington Savings Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 103 | $38,775,000 | $376,456 |