Kennebunk Savings Bank Mortgage Rates, Fees & Info

Kennebunk, ME

LEI: 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

382

Origination Dollar Volume (All Markets)

$108,030,000

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) 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%
Kennebunk Savings Bank's top markets include Portland, Boston, Lewiston, Laconia, and Manchester 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 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 124 $21,800,000 $175,806 $0 0.00%
    Other 103 $15,005,000 $145,680 $0 0.00%
    Home Purchase 96 $56,990,000 $593,646 $0 0.00%
    Refi 52 $12,220,000 $235,000 $0 0.00%
    Cash Out Refi 7 $2,015,000 $287,857 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 142 $7,540,000 $53,099 $0 0.00%
    $200k-400k 88 $25,720,000 $292,273 $0 0.00%
    $100k-200k 86 $11,350,000 $131,977 $0 0.00%
    $400k-600k 27 $12,635,000 $467,963 $0 0.00%
    $600k-1MM 22 $16,400,000 $745,455 $0 0.00%
    $1MM+ 17 $34,385,000 $2,022,647 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 92 $16,670,000 $181,196 $0 0.00%
    $100k-150k 84 $13,840,000 $164,762 $0 0.00%
    $250k+ 73 $30,915,000 $423,493 $0 0.00%
    $75k-100k 42 $4,530,000 $107,857 $0 0.00%
    $50k-75k 34 $2,960,000 $87,059 $0 0.00%
    $50k or less 13 $935,000 $71,923 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 258 $52,770,000 $204,535 $0 0.00%
    Not applicable 44 $38,180,000 $867,727 $0 0.00%
    Not provided 72 $14,010,000 $194,583 $0 0.00%
    Asian 3 $2,145,000 $715,000 $0 0.00%
    Black 2 $510,000 $255,000 $0 0.00%
    American Indian 3 $415,000 $138,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    77.26%

    Kennebunk Savings Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.77%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    382 $108,030,000 $282,801