Kennebunk Savings Bank Mortgage Rates, Fees & Info

Kennebunk, ME

LEI: 5493003V0VOGJ2CI8520

Tax ID: 01-0100600

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Kennebunk Savings Bank is a smaller bank specializing in Home Purchase loans. Kennebunk Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Boston, Laconia, and Augusta among others. We have data for 5 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

378

Origination Dollar Volume (All Markets)

$130,900,000

Top Markets

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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)	301	$85,565,000	$284,269	$0	0.00%
Boston-Cambridge-Newton, MA-NH (FHA\|USDA\|VA)	69	$39,225,000	$568,478	$0	0.00%
Laconia, NH (FHA\|USDA\|VA)	2	$3,110,000	$1,555,000	$0	0.00%
Outside of Metro Areas	5	$2,875,000	$575,000	$0	0.00%
Augusta-Waterville, ME (FHA\|USDA\|VA)	1	$125,000	$125,000	$0	0.00%

Kennebunk Savings Bank's top markets include Portland, Boston, 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	378	$130,900,000	$346,296	$0	0.00%

For 2024, Kennebunk Savings Bank's most frequently originated type of loan was Conventional, with 378 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	124	$78,000,000	$629,032	$0	0.00%
Home Improvement	108	$16,930,000	$156,759	$0	0.00%
Other	76	$13,110,000	$172,500	$0	0.00%
Refi	65	$21,525,000	$331,154	$0	0.00%
Cash Out Refi	5	$1,335,000	$267,000	$0	0.00%

For 2024, Kennebunk Savings Bank's most frequently cited loan purpose was Home Purchase, with 124 originations. The 2nd most popular reason was Home Improvement, with 108 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	378	$130,900,000	$346,296	$0	0.00%

For 2024, Kennebunk Savings Bank's most frequently cited loan duration was Other, with 378 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	112	$5,830,000	$52,054	$0	0.00%
$200k-400k	89	$25,065,000	$281,629	$0	0.00%
$100k-200k	75	$10,735,000	$143,133	$0	0.00%
$400k-600k	43	$20,415,000	$474,767	$0	0.00%
$600k-1MM	36	$26,420,000	$733,889	$0	0.00%
$1MM+	23	$42,435,000	$1,845,000	$0	0.00%

2024 saw Kennebunk Savings Bank place emphasis on $100,000 or less loans with 112 originations, totaling $5,830,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$150k-250k	93	$25,305,000	$272,097	$0	0.00%
$250k+	91	$52,175,000	$573,352	$0	0.00%
$100k-150k	82	$13,380,000	$163,171	$0	0.00%
$75k-100k	38	$5,970,000	$157,105	$0	0.00%
$50k-75k	26	$1,800,000	$69,231	$0	0.00%
$50k or less	12	$440,000	$36,667	$0	0.00%

Kennebunk Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 93 originations. The second most popular income band? $250k+, with 91 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	378	$130,900,000	$346,296	$0	0.00%

Kennebunk Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 378 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	263	$79,175,000	$301,046	$0	0.00%
Not applicable	36	$31,830,000	$884,167	$0	0.00%
Not provided	69	$15,055,000	$218,188	$0	0.00%
Asian	6	$3,830,000	$638,333	$0	0.00%
Asian Indian	1	$625,000	$625,000	$0	0.00%
American Indian	1	$205,000	$205,000	$0	0.00%
Native Hawaiian or Islander	1	$95,000	$95,000	$0	0.00%
Black	1	$85,000	$85,000	$0	0.00%

Approval Rates

Total approvals of all applications
77.15%

Kennebunk Savings Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
82.54%

Kennebunk Savings Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	378	$130,900,000	$346,296

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	378	$130,900,000	$346,296