Jewett City Savings Bank Mortgage Rates, Fees & Info
Griswold, CTLEI: 54930015NKWX0FSGV150
Tax ID: 06-0405020
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Jewett City Savings Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Jewett City Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Norwich, Worcester, Providence, Hartford, and Torrington among others. We have data for 6 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.
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Originations
151Origination Dollar Volume (All Markets)
$31,555,000Top 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 |
|---|---|---|---|---|---|
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 64 | $12,840,000 | $200,625 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 52 | $7,590,000 | $145,962 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 19 | $5,515,000 | $290,263 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 14 | $3,860,000 | $275,714 | $0 | 0.00% |
| Torrington, CT (FHA|USDA|VA) | 1 | $1,145,000 | $1,145,000 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 151 | $31,555,000 | $208,974 | $0 | 0.00% |
For 2022, Jewett City Savings Bank's most frequently originated type of loan was Conventional, with 151 originations.
Loan Reason
For 2022, Jewett City Savings Bank's most frequently cited loan purpose was Home Purchase, with 49 originations. The 2nd most popular reason was Cash Out Refi, with 41 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 151 | $31,555,000 | $208,974 | $0 | 0.00% |
For 2022, Jewett City Savings Bank's most frequently cited loan duration was Other, with 151 originations.
Loan Sizing
2022 saw Jewett City Savings Bank place emphasis on $100k-200k loans with 49 originations, totaling $7,385,000 in origination value.
Applicant Income
Jewett City Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 29 originations. The second most popular income band? $100k-150k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 151 | $31,555,000 | $208,974 | $0 | 0.00% |
Jewett City Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 151 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.84%
Jewett City Savings Bank has a below average approval rate.
Pick Rate
Approvals leading to origination84.11%
Jewett City Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 151 | $31,555,000 | $208,974 |