Martha's Vineyard Savings Bank Mortgage Rates, Fees & Info
Edgartown, MALEI: 54930021FWO6J6IYPZ85
Tax ID: 04-2188463
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Martha's Vineyard Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Martha's Vineyard Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Vineyard Haven, Barnstable Town, Boston, Denver, and Providence among others. We have data for 6 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.
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Originations
278Origination Dollar Volume (All Markets)
$222,610,000Top 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 |
|---|---|---|---|---|---|
| Vineyard Haven, MA (FHA|USDA|VA) | 187 | $173,145,000 | $925,909 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 78 | $39,370,000 | $504,744 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 10 | $6,600,000 | $660,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $2,085,000 | $2,085,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 278 | $222,610,000 | $800,755 | $0 | 0.00% |
For 2022, Martha's Vineyard Savings Bank's most frequently originated type of loan was Conventional, with 278 originations.
Loan Reason
For 2022, Martha's Vineyard Savings Bank's most frequently cited loan purpose was Home Purchase, with 128 originations. The 2nd most popular reason was Refi, with 110 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 278 | $222,610,000 | $800,755 | $0 | 0.00% |
For 2022, Martha's Vineyard Savings Bank's most frequently cited loan duration was Other, with 278 originations.
Loan Sizing
2022 saw Martha's Vineyard Savings Bank place emphasis on $1MM+ loans with 72 originations, totaling $133,380,000 in origination value.
Applicant Income
Martha's Vineyard Savings Bank lent most frequently to those with incomes in the $250k+ range, with 104 originations. The second most popular income band? $100k-150k, with 51 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 278 | $222,610,000 | $800,755 | $0 | 0.00% |
Martha's Vineyard Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 278 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.55%
Martha's Vineyard Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.13%
Martha's Vineyard Savings Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 278 | $222,610,000 | $800,755 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Mortgage Research Center, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| Mortgage Research Center, LLC | VA mortgage | Trouble during payment process | 1 | 50.0% |