Martha's Vineyard Savings Bank Mortgage Rates, Fees & Info

Edgartown, MA

LEI: 54930021FWO6J6IYPZ85

Tax ID: 04-2188463

Latest/2024 | 2023 Data | 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
  • 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

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

    Martha's Vineyard Savings Bank 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.

    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

    75

    Origination Dollar Volume (All Markets)

    $48,255,000

    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
    Vineyard Haven, MA (FHA|USDA|VA) 60 $39,800,000 $663,333 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 14 $7,950,000 $567,857 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
    Martha's Vineyard Savings Bank's top markets include Vineyard Haven, Barnstable Town, and Boston among others.

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

    • Similar Lenders

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

    Dedham Institution for Savings
    Similarity Rank: 96
    BAYCOAST MORTGAGE COMPANY, LLC
    Similarity Rank: 104
    Eastern Bank
    Similarity Rank: 238
    Fall River Five Cents Savings Bank
    Similarity Rank: 255
    SALEM FIVE MORTGAGE COMPANY, LLC
    Similarity Rank: 273
    The Cape Cod Five Cents Savings Bank
    Similarity Rank: 490
    Easthampton Savings Bank
    Similarity Rank: 520
    Rockland Trust Company
    Similarity Rank: 575
    WILLIAM RAVEIS MORTGAGE, LLC
    Similarity Rank: 1035
    Berkshire Bank
    Similarity Rank: 1066

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 75 $48,255,000 $643,400 $0 0.00%

    For 2024, Martha's Vineyard Savings Bank's most frequently originated type of loan was Conventional, with 75 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 54 $36,840,000 $682,222 $0 0.00%
    Refi 10 $6,480,000 $648,000 $0 0.00%
    Home Improvement 7 $3,525,000 $503,571 $0 0.00%
    Other 4 $1,410,000 $352,500 $0 0.00%

    For 2024, Martha's Vineyard Savings Bank's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 75 $48,255,000 $643,400 $0 0.00%

    For 2024, Martha's Vineyard Savings Bank's most frequently cited loan duration was Other, with 75 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 30 $21,980,000 $732,667 $0 0.00%
    $400k-600k 20 $9,550,000 $477,500 $0 0.00%
    $1MM+ 9 $13,735,000 $1,526,111 $0 0.00%
    $200k-400k 8 $2,200,000 $275,000 $0 0.00%
    $100k-200k 5 $635,000 $127,000 $0 0.00%
    $100,000 or less 3 $155,000 $51,667 $0 0.00%

    2024 saw Martha's Vineyard Savings Bank place emphasis on $600k-1MM loans with 30 originations, totaling $21,980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 44 $33,220,000 $755,000 $0 0.00%
    $150k-250k 15 $5,835,000 $389,000 $0 0.00%
    $100k-150k 3 $1,225,000 $408,333 $0 0.00%
    $50k-75k 1 $255,000 $255,000 $0 0.00%
    $50k or less 1 $885,000 $885,000 $0 0.00%
    $75k-100k 1 $445,000 $445,000 $0 0.00%

    Martha's Vineyard Savings Bank lent most frequently to those with incomes in the $250k+ range, with 44 originations. The second most popular income band? $150k-250k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 75 $48,255,000 $643,400 $0 0.00%

    Martha's Vineyard Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 75 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 47 $27,755,000 $590,532 $0 0.00%
    Not provided 15 $11,845,000 $789,667 $0 0.00%
    Not applicable 8 $5,730,000 $716,250 $0 0.00%
    Black 4 $2,240,000 $560,000 $0 0.00%
    Asian Indian 1 $685,000 $685,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.67%

    Martha's Vineyard Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.67%

    Martha's Vineyard Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 75 $48,255,000 $643,400

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    75 $48,255,000 $643,400