Savings Bank Of Danbury Mortgage Rates, Fees & Info

Danbury, CT

LEI: 54930023C70YMJJDRL61

Tax ID: 06-0523870

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
  • 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

    Savings Bank Of Danbury is a smaller bank specializing in Home Purchase loans. Savings Bank Of Danbury has a high proportion of conventional loans. Their top (well, only) market is New York.

    Savings Bank Of Danbury 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

    225

    Origination Dollar Volume (All Markets)

    $110,555,000

    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
    Outside of Metro Areas 219 $106,675,000 $487,100 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 6 $3,880,000 $646,667 $0 0.00%
    Savings Bank Of Danbury's top markets include and New York among others.

    Their top states include:
  • Connecticut (FHA|USDA|VA)
  • New York (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 225 $110,555,000 $491,356 $0 0.00%

    For 2024, Savings Bank Of Danbury's most frequently originated type of loan was Conventional, with 225 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 203 $102,395,000 $504,409 $0 0.00%
    Refi 9 $3,345,000 $371,667 $0 0.00%
    Cash Out Refi 7 $2,845,000 $406,429 $0 0.00%
    Home Improvement 3 $815,000 $271,667 $0 0.00%
    Other 3 $1,155,000 $385,000 $0 0.00%

    For 2024, Savings Bank Of Danbury's most frequently cited loan purpose was Home Purchase, with 203 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 225 $110,555,000 $491,356 $0 0.00%

    For 2024, Savings Bank Of Danbury's most frequently cited loan duration was Other, with 225 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 73 $22,885,000 $313,493 $0 0.00%
    $400k-600k 67 $32,875,000 $490,672 $0 0.00%
    $600k-1MM 51 $36,525,000 $716,176 $0 0.00%
    $100k-200k 17 $2,425,000 $142,647 $0 0.00%
    $1MM+ 11 $15,395,000 $1,399,545 $0 0.00%
    $100,000 or less 6 $450,000 $75,000 $0 0.00%

    2024 saw Savings Bank Of Danbury place emphasis on $200k-400k loans with 73 originations, totaling $22,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 67 $33,095,000 $493,955 $0 0.00%
    $250k+ 64 $42,140,000 $658,438 $0 0.00%
    $100k-150k 46 $15,850,000 $344,565 $0 0.00%
    $75k-100k 22 $6,040,000 $274,545 $0 0.00%
    $50k-75k 10 $1,800,000 $180,000 $0 0.00%
    $50k or less 2 $230,000 $115,000 $0 0.00%

    Savings Bank Of Danbury lent most frequently to those with incomes in the $150k-250k range, with 67 originations. The second most popular income band? $250k+, with 64 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 225 $110,555,000 $491,356 $0 0.00%

    Savings Bank Of Danbury lent most frequently to those with DTI ratios of Exempt%, with 225 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 144 $63,960,000 $444,167 $0 0.00%
    Not provided 35 $18,625,000 $532,143 $0 0.00%
    Asian 23 $12,545,000 $545,435 $0 0.00%
    Not applicable 12 $10,380,000 $865,000 $0 0.00%
    Black 8 $3,290,000 $411,250 $0 0.00%
    Asian Indian 2 $1,110,000 $555,000 $0 0.00%
    Other Asian 1 $645,000 $645,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.85%

    Savings Bank Of Danbury has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.11%

    Savings Bank Of Danbury has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 225 $110,555,000 $491,356

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    225 $110,555,000 $491,356