Kennebunk Savings Bank Mortgage Rates, Fees & Info

Kennebunk, ME

LEI: 5493003V0VOGJ2CI8520

Tax ID: 01-0100600

Latest/2022 | 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

    Kennebunk Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Kennebunk Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Boston, Manchester, Laconia, and Augusta among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Kennebunk 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.

    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

    523

    Origination Dollar Volume (All Markets)

    $203,555,000

    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
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 414 $144,150,000 $348,188 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 95 $50,995,000 $536,789 $0 0.00%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 8 $5,780,000 $722,500 $0 0.00%
    Outside of Metro Areas 3 $1,505,000 $501,667 $0 0.00%
    Laconia, NH (FHA|USDA|VA) 2 $970,000 $485,000 $0 0.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Kennebunk Savings Bank's top markets include Portland, Boston, Manchester, Laconia, and Augusta among others.

    Their top states include:
  • Maine (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 523 $203,555,000 $389,207 $0 0.00%

    For 2022, Kennebunk Savings Bank's most frequently originated type of loan was Conventional, with 523 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 175 $28,605,000 $163,457 $0 0.00%
    Home Purchase 134 $110,700,000 $826,119 $0 0.00%
    Refi 101 $46,335,000 $458,762 $0 0.00%
    Other 93 $13,135,000 $141,237 $0 0.00%
    Cash Out Refi 20 $4,780,000 $239,000 $0 0.00%

    For 2022, Kennebunk Savings Bank's most frequently cited loan purpose was Home Improvement, with 175 originations. The 2nd most popular reason was Home Purchase, with 134 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 523 $203,555,000 $389,207 $0 0.00%

    For 2022, Kennebunk Savings Bank's most frequently cited loan duration was Other, with 523 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 161 $8,085,000 $50,217 $0 0.00%
    $200k-400k 141 $39,835,000 $282,518 $0 0.00%
    $100k-200k 108 $14,740,000 $136,481 $0 0.00%
    $400k-600k 48 $22,730,000 $473,542 $0 0.00%
    $600k-1MM 36 $27,080,000 $752,222 $0 0.00%
    $1MM+ 29 $91,085,000 $3,140,862 $0 0.00%

    2022 saw Kennebunk Savings Bank place emphasis on $100,000 or less loans with 161 originations, totaling $8,085,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 125 $27,485,000 $219,880 $0 0.00%
    $100k-150k 109 $19,345,000 $177,477 $0 0.00%
    $250k+ 70 $40,880,000 $584,000 $0 0.00%
    $50k-75k 66 $8,140,000 $123,333 $0 0.00%
    $75k-100k 56 $7,700,000 $137,500 $0 0.00%
    $50k or less 21 $1,635,000 $77,857 $0 0.00%

    Kennebunk Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 125 originations. The second most popular income band? $100k-150k, with 109 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 523 $203,555,000 $389,207 $0 0.00%

    Kennebunk Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 523 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 75 $98,165,000 $1,308,867 $0 0.00%
    White 373 $83,215,000 $223,097 $0 0.00%
    Not provided 69 $20,155,000 $292,101 $0 0.00%
    Asian 4 $1,810,000 $452,500 $0 0.00%
    Black 2 $210,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.82%

    Kennebunk Savings Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.64%

    Kennebunk Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 523 $203,555,000 $389,207

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    523 $203,555,000 $389,207