Jewett City Savings Bank Mortgage Rates, Fees & Info

Griswold, CT

LEI: 54930015NKWX0FSGV150

Tax ID: 06-0405020

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
  • 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

    Jewett City Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Jewett City Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Norwich, Worcester, Hartford, Providence, and New Haven among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Jewett City 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.

    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

    109

    Origination Dollar Volume (All Markets)

    $22,175,000

    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
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 35 $7,215,000 $206,143 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 53 $6,635,000 $125,189 $0 0.00%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 12 $4,950,000 $412,500 $0 0.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 7 $2,895,000 $413,571 $0 0.00%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $480,000 $240,000 $0 0.00%
    Jewett City Savings Bank's top markets include Norwich, Worcester, Hartford, Providence, and New Haven among others.

    Their top states include:
  • Connecticut (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 109 $22,175,000 $203,440 $0 0.00%

    For 2023, Jewett City Savings Bank's most frequently originated type of loan was Conventional, with 109 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 27 $1,655,000 $61,296 $0 0.00%
    Home Purchase 25 $8,395,000 $335,800 $0 0.00%
    Cash Out Refi 23 $4,255,000 $185,000 $0 0.00%
    Other 22 $1,380,000 $62,727 $0 0.00%
    Refi 12 $6,490,000 $540,833 $0 0.00%

    For 2023, Jewett City Savings Bank's most frequently cited loan purpose was Home Improvement, with 27 originations. The 2nd most popular reason was Home Purchase, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 109 $22,175,000 $203,440 $0 0.00%

    For 2023, Jewett City Savings Bank's most frequently cited loan duration was Other, with 109 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 54 $2,710,000 $50,185 $0 0.00%
    $200k-400k 29 $7,505,000 $258,793 $0 0.00%
    $100k-200k 18 $2,750,000 $152,778 $0 0.00%
    $1MM+ 3 $5,685,000 $1,895,000 $0 0.00%
    $600k-1MM 3 $2,515,000 $838,333 $0 0.00%
    $400k-600k 2 $1,010,000 $505,000 $0 0.00%

    2023 saw Jewett City Savings Bank place emphasis on $100,000 or less loans with 54 originations, totaling $2,710,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 35 $4,715,000 $134,714 $0 0.00%
    $150k-250k 19 $3,875,000 $203,947 $0 0.00%
    $50k-75k 12 $940,000 $78,333 $0 0.00%
    $50k or less 11 $655,000 $59,545 $0 0.00%
    $75k-100k 11 $1,025,000 $93,182 $0 0.00%
    $250k+ 8 $2,750,000 $343,750 $0 0.00%

    Jewett City Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 35 originations. The second most popular income band? $150k-250k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 109 $22,175,000 $203,440 $0 0.00%

    Jewett City Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 109 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 84 $11,900,000 $141,667 $0 0.00%
    Not applicable 11 $8,085,000 $735,000 $0 0.00%
    American Indian 5 $1,045,000 $209,000 $0 0.00%
    Not provided 5 $625,000 $125,000 $0 0.00%
    Asian 3 $295,000 $98,333 $0 0.00%
    Native Hawaiian or Islander 1 $225,000 $225,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.77%

    Jewett City Savings Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.90%

    Jewett City Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 109 $22,175,000 $203,440

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    109 $22,175,000 $203,440