Kennebunk Savings Bank Mortgage Rates, Fees & Info
Kennebunk, MELEI: 5493003V0VOGJ2CI8520
Tax ID: 01-0100600
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Mortgage Data
Review & Overview
Kennebunk Savings Bank is a smaller bank specializing in Home Improvement and Home Purchase loans. Kennebunk Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Boston, Lewiston, Laconia, and Manchester 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.
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Originations
382Origination Dollar Volume (All Markets)
$108,030,000Top 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 |
|---|---|---|---|---|---|
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 302 | $71,100,000 | $235,430 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 71 | $27,715,000 | $390,352 | $0 | 0.00% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 1 | $5,975,000 | $5,975,000 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $2,305,000 | $461,000 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 382 | $108,030,000 | $282,801 | $0 | 0.00% |
For 2023, Kennebunk Savings Bank's most frequently originated type of loan was Conventional, with 382 originations.
Loan Reason
For 2023, Kennebunk Savings Bank's most frequently cited loan purpose was Home Improvement, with 124 originations. The 2nd most popular reason was Other, with 103 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 382 | $108,030,000 | $282,801 | $0 | 0.00% |
For 2023, Kennebunk Savings Bank's most frequently cited loan duration was Other, with 382 originations.
Loan Sizing
2023 saw Kennebunk Savings Bank place emphasis on $100,000 or less loans with 142 originations, totaling $7,540,000 in origination value.
Applicant Income
Kennebunk Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 92 originations. The second most popular income band? $100k-150k, with 84 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 382 | $108,030,000 | $282,801 | $0 | 0.00% |
Kennebunk Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 382 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.26%
Kennebunk Savings Bank has a below average approval rate.
Pick Rate
Approvals leading to origination83.77%
Kennebunk Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 382 | $108,030,000 | $282,801 |