Foxboro Federal Savings Mortgage Rates, Fees & Info

Foxborough, MA

LEI: 5493001HBW8F635CC420

Tax ID: 04-1339492

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

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Mortgage Data

Review & Overview

Foxboro Federal Savings is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Foxboro Federal Savings has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Providence, Worcester, and Barnstable Town among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Foxboro Federal Savings has an above 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

64

Origination Dollar Volume (All Markets)

$23,270,000

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
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 37 $13,635,000 $368,514 $0 0.00%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 22 $7,720,000 $350,909 $0 0.00%
WORCESTER, MA-CT (FHA|USDA|VA) 4 $1,730,000 $432,500 $0 0.00%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
Foxboro Federal Savings's top markets include Boston, Providence, Worcester, and Barnstable Town among others.

Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 64 $23,270,000 $363,594 $0 0.00%

    For 2022, Foxboro Federal Savings's most frequently originated type of loan was Conventional, with 64 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 22 $7,300,000 $331,818 $0 0.00%
    Home Purchase 20 $10,130,000 $506,500 $0 0.00%
    Refi 13 $4,205,000 $323,462 $0 0.00%
    Other 5 $1,055,000 $211,000 $0 0.00%
    Home Improvement 4 $580,000 $145,000 $0 0.00%

    For 2022, Foxboro Federal Savings's most frequently cited loan purpose was Cash Out Refi, with 22 originations. The 2nd most popular reason was Home Purchase, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 64 $23,270,000 $363,594 $0 0.00%

    For 2022, Foxboro Federal Savings's most frequently cited loan duration was Other, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 27 $7,875,000 $291,667 $0 0.00%
    $400k-600k 17 $8,155,000 $479,706 $0 0.00%
    $600k-1MM 7 $4,915,000 $702,143 $0 0.00%
    $100,000 or less 6 $340,000 $56,667 $0 0.00%
    $100k-200k 6 $940,000 $156,667 $0 0.00%
    $1MM+ 1 $1,045,000 $1,045,000 $0 0.00%

    2022 saw Foxboro Federal Savings place emphasis on $200k-400k loans with 27 originations, totaling $7,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 24 $8,620,000 $359,167 $0 0.00%
    $100k-150k 15 $4,155,000 $277,000 $0 0.00%
    $250k+ 15 $8,535,000 $569,000 $0 0.00%
    $75k-100k 6 $1,130,000 $188,333 $0 0.00%
    $50k-75k 4 $830,000 $207,500 $0 0.00%

    Foxboro Federal Savings lent most frequently to those with incomes in the $150k-250k range, with 24 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 64 $23,270,000 $363,594 $0 0.00%

    Foxboro Federal Savings lent most frequently to those with DTI ratios of Exempt%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 47 $16,675,000 $354,787 $0 0.00%
    Not provided 10 $3,190,000 $319,000 $0 0.00%
    Asian 5 $2,565,000 $513,000 $0 0.00%
    Black 2 $840,000 $420,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.62%

    Foxboro Federal Savings has an average approval rate.

    Pick Rate

    Approvals leading to origination
    39.06%

    Foxboro Federal Savings has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 64 $23,270,000 $363,594

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    64 $23,270,000 $363,594