North Easton Savings Bank Mortgage Rates, Fees & Info

South Easton, MA

LEI: 54930048J00QUF04FP72

Tax ID: 04-1677530

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    North Easton Savings Bank is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. North Easton Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Providence, Barnstable Town, Worcester, and Vineyard Haven among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    North Easton 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. North Easton Savings Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.29% 11/21/24
    30 Year Conventional Refi 6.20% 11/21/24
    30 Year Cash-out Refi 6.47% 11/21/24
    15 Year Conventional Purchase 5.66% 11/21/24
    15 Year Conventional Refi 6.17% 11/21/24
    15 Year Cash-out Refi 6.17% 11/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    North Easton Savings Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from North Easton Savings Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    687

    Origination Dollar Volume (All Markets)

    $281,975,000

    Employee count

    185

    Awards

    North Easton Savings Bank 30 Year Conventional Loans bronze North Easton Savings Bank 30 Year Conventional Loans silver North Easton Savings Bank 30 Year Conventional Loans bronze
    Show all (3) awards

    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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 439 $187,085,000 $426,162 $2,907 3.13%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 214 $80,650,000 $376,869 $2,623 2.97%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 24 $9,350,000 $389,583 $3,241 3.13%
    Outside of Metro Areas 1 $2,005,000 $2,005,000 $6,915 2.75%
    WORCESTER, MA-CT (FHA|USDA|VA) 3 $1,115,000 $371,667 $2,786 3.46%
    Vineyard Haven, MA (FHA|USDA|VA) 2 $690,000 $345,000 $3,362 2.88%
    SPRINGFIELD, MA (FHA|USDA|VA) 2 $570,000 $285,000 $3,130 3.63%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $395,000 $395,000 $2,887 2.38%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $115,000 $115,000 $2,813 2.50%
    North Easton Savings Bank's top markets include Boston, Providence, Barnstable Town, Worcester, and Vineyard Haven among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against North Easton Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SOMERSET
    Similarity Rank: 87
    Homestar Mortgage, Inc.
    Similarity Rank: 156
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 396
    OCEAN STATE CREDIT UNION
    Similarity Rank: 405
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 474
    Rhode Island Credit Union
    Similarity Rank: 524
    Sharon & Crescent United Credit Union
    Similarity Rank: 540
    WAVE FEDERAL CREDIT UNION
    Similarity Rank: 596
    WESTERLY COMMUNITY
    Similarity Rank: 618
    Middlesex Savings Bank
    Similarity Rank: 672

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 687 $281,975,000 $410,444 $2,836 3.08%

    For 2021, North Easton Savings Bank's most frequently originated type of loan was Conventional, with 687 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 234 $86,320,000 $368,889 $2,612 2.86%
    Home Purchase 214 $121,140,000 $566,075 $3,782 3.30%
    Cash Out Refi 213 $67,395,000 $316,408 $2,533 2.99%
    Home Improvement 14 $6,080,000 $434,286 $847 3.96%
    Other 12 $1,040,000 $86,667 $50 3.82%

    For 2021, North Easton Savings Bank's most frequently cited loan purpose was Refi, with 234 originations. The 2nd most popular reason was Home Purchase, with 214 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 384 $154,020,000 $401,094 $3,157 3.07%
    15 Year 125 $30,825,000 $246,600 $2,340 2.66%
    20 Year 54 $13,770,000 $255,000 $1,959 3.10%
    10 Year 53 $37,565,000 $708,774 $1,367 3.17%
    30+ year 30 $21,550,000 $718,333 $4,120 3.04%
    Other 28 $20,090,000 $717,500 $2,609 3.85%
    1 Year 11 $4,105,000 $373,182 $0 5.73%
    5 Year 2 $50,000 $25,000 $0 3.31%

    For 2021, North Easton Savings Bank's most frequently cited loan duration was 30 Year, with 384 originations. The 2nd most popular length was 15 Year, with 125 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 581 $206,295,000 $355,069
    $5k+ 3 $2,665,000 $888,333
    $1k-2k 2 $430,000 $215,000
    $2k-3k 2 $750,000 $375,000
    $3k-4k 1 $485,000 $485,000

    North Easton Savings Bank's average total fees were $3,157, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 581 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 299 $120,315,000 $402,391
    3-4% 249 $107,585,000 $432,068
    <2.5% 101 $32,425,000 $321,040
    4-5% 20 $13,660,000 $683,000
    5-6% 14 $6,150,000 $439,286
    6-7% 4 $1,840,000 $460,000

    During 2021, North Easton Savings Bank's average interest rate for loans was 3.07%, while their most frequently originated rate bucket for loans was 2.5-3%, with 299 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 302 $88,550,000 $293,212 $2,686 3.10%
    $400k-600k 123 $58,945,000 $479,228 $3,203 3.07%
    $100k-200k 117 $17,675,000 $151,068 $2,231 2.85%
    $600k-1MM 79 $56,945,000 $720,823 $4,304 3.12%
    $100,000 or less 40 $2,140,000 $53,500 $777 3.33%
    $1MM+ 26 $57,720,000 $2,220,000 $5,983 3.38%

    2021 saw North Easton Savings Bank place emphasis on $200k-400k loans with 302 originations, totaling $88,550,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 167 $52,105,000 $312,006 $2,697 2.99%
    $150k-250k 141 $57,165,000 $405,426 $2,884 2.94%
    $75k-100k 120 $33,410,000 $278,417 $2,608 2.99%
    $50k-75k 93 $20,845,000 $224,140 $2,535 3.03%
    $250k+ 89 $56,975,000 $640,169 $3,981 2.92%
    $50k or less 22 $3,530,000 $160,455 $1,983 3.02%

    North Easton Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 167 originations. The second most popular income band? $150k-250k, with 141 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 165 $57,725,000 $349,848 $2,836 2.88%
    30-36% 119 $41,305,000 $347,101 $2,913 2.93%
    <20% 60 $18,360,000 $306,000 $2,492 2.74%
    43% 33 $12,265,000 $371,667 $2,748 3.03%
    37% 28 $11,250,000 $401,786 $2,839 3.23%
    42% 25 $7,795,000 $311,800 $2,741 3.08%
    38% 24 $9,030,000 $376,250 $3,079 3.05%
    36% 24 $9,140,000 $380,833 $2,808 2.98%
    41% 23 $8,155,000 $354,565 $2,503 3.08%
    40% 23 $9,625,000 $418,478 $3,064 3.14%
    46% 21 $9,325,000 $444,048 $3,750 3.07%
    39% 20 $6,820,000 $341,000 $3,027 3.03%
    44% 20 $6,840,000 $342,000 $2,819 3.00%
    45% 16 $3,790,000 $236,875 $2,008 3.12%
    47% 11 $4,135,000 $375,909 $2,752 2.92%
    48% 7 $2,075,000 $296,429 $2,907 2.89%
    49% 5 $2,385,000 $477,000 $3,572 3.23%
    50-60% 4 $1,990,000 $497,500 $3,218 3.13%
    >60% 1 $795,000 $795,000 $5,250 3.00%

    North Easton Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 165 originations. The next most common DTI ratio? 30-36%, with 119 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 429 $144,705,000 $337,308 $2,763 2.93%
    Not applicable 49 $56,325,000 $1,149,490 $0 4.42%
    Not provided 118 $41,770,000 $353,983 $2,726 2.97%
    Asian 64 $29,130,000 $455,156 $3,601 3.26%
    Black 23 $8,635,000 $375,435 $2,758 3.04%
    American Indian 2 $840,000 $420,000 $3,017 2.94%
    Other Asian 2 $570,000 $285,000 $2,518 3.00%

    Approval Rates

    Total approvals of all applications
    89.93%

    North Easton Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.94%

    North Easton Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 687 $281,975,000 $410,444

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    687 $281,975,000 $410,444

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 103 $20,015,000 $194,320 $2,348 2.83%
    40-60% 189 $63,235,000 $334,577 $2,771 2.90%
    60-80% 259 $145,635,000 $562,297 $3,252 3.16%
    80-100% 84 $42,810,000 $509,643 $3,453 3.09%
    Over 100% 10 $7,090,000 $709,000 $0 5.20%
    Under 20% 42 $3,190,000 $75,952 $814 3.45%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    NORTHWEST BANCSHARES INC Conventional home mortgage Struggling to pay mortgage 1 11.1%
    NORTHWEST BANCSHARES INC Conventional home mortgage Trouble during payment process 5 55.6%
    NORTHWEST BANCSHARES INC Home equity loan or line of credit (HELOC) Trouble during payment process 1 11.1%
    NORTHWEST BANCSHARES INC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 11.1%
    NORTHWEST BANCSHARES INC Other type of mortgage Struggling to pay mortgage 1 11.1%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    North Easton Savings Bank 172 Mansfield Avenue Norton, MA 2766 Full Service B&M $61,108
    North Easton Savings Bank 2 Pilgrim Hill Road Plymouth, MA 2360 Full Service B&M $29,681
    North Easton Savings Bank 20 Eastman St South Easton, MA 2375 Full Service B&M $54,186
    North Easton Savings Bank 20 Eastman Street South Easton, MA 2375 Full Service Cyber Office $42,719
    North Easton Savings Bank 25 West Main Street Norton, MA 2766 Full Service B&M $109,522
    North Easton Savings Bank 295 Main Street North Easton, MA 2356 Full Service B&M $189,173
    North Easton Savings Bank 336 Plymouth Street Halifax, MA 2338 Full Service B&M $60,968
    North Easton Savings Bank 342 Bedford Street Whitman, MA 2382 Full Service B&M $41,946
    North Easton Savings Bank 430 Liberty Street Hanson, MA 2341 Full Service B&M $57,037
    North Easton Savings Bank 448 W Grove Street Middleboro, MA 2346 Full Service B&M $53,218
    North Easton Savings Bank 547 Washington Street South Easton, MA 2375 Full Service B&M $69,811
    North Easton Savings Bank 570 Washington St Whitman, MA 2382 Full Service B&M $71,169
    North Easton Savings Bank 656 Crescent Street Brockton, MA 2302 Full Service B&M $30,067
    North Easton Savings Bank 679 Depot Street South Easton, MA 2375 Full Service B&M $91,354
    North Easton Savings Bank 71 Copeland Drive Mansfield, MA 2048 Full Service B&M $68,014
    North Easton Savings Bank 74 Main Street Carver, MA 2330 Full Service B&M $67,511
    North Easton Savings Bank 777 Belmont Street Brockton, MA 2301 Full Service B&M $77,131

    For 2021, North Easton Savings Bank had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $40,627
    Net interest income $37,032
    Total noninterest income $9,463
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3,057
    Trading account gains and fees $0
    Additional Noninterest Income $6,406
    Pre-tax net operating income $8,396
    Securities gains (or losses, -) $1,569
    Income before extraordinary items $8,205
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,205
    Minority interest net income $0
    Net income $8,205
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,918

    North Easton Savings Bank's gross interest income from loans was $40,627,000.
    North Easton Savings Bank's net interest income from loans was $37,032,000.
    North Easton Savings Bank's fee based income from loans was $3,057,000.
    North Easton Savings Bank's net income from loans was $8,205,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,595
    Provision for credit losses $1,629
    Total noninterest expense $36,470
    Salaries and employee benefits $18,071
    Premises and equipment expense $4,880
    Additional noninterest expense $13,519
    Applicable income taxes $1,760
    Net charge-offs $23
    Cash dividends $0

    North Easton Savings Bank's interest expense for loans was $3,595,000.
    North Easton Savings Bank's payroll and benefits expense were $18,071,000.
    North Easton Savings Bank's property, plant and equipment expenses $4,880,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,246,503
    Deposits held in domestic offices $1,246,503
    Deposits by Individuals, partnerships, and corporations $1,219,738
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $17,937
    Deposits by Commercial banks and other depository institutions in U.S. $8,828
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $496,875
    Demand deposits $327,292
    Nontransaction accounts $749,628
    Money market deposit accounts (MMDAs) $301,536
    Other savings deposits (excluding MMDAs) $296,048
    Total time deposits $152,043
    Total time and savings deposits $919,211
    Noninterest-bearing deposits $317,715
    Interest-bearing deposits $928,788
    Retail deposits $1,213,105
    IRAs and Keogh plan accounts $35,803
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,397,507
    Cash & Balances due from depository institutions $56,170
    Interest-bearing balances $40,286
    Total securities $253,262
    Federal funds sold & reverse repurchase $0
    Net loans and leases $997,853
    Loan and leases loss allowance $6,479
    Trading account assets $2,241
    Bank premises and fixed assets $24,542
    Other real estate owned $0
    Goodwill and other intangibles $24,628
    All other assets $38,811

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,397,507
    Total Liabilities $1,266,211
    Total deposits $1,246,503
    Interest-bearing deposits $928,788
    Deposits held in domestic offices $1,246,503
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $2,241
    Other borrowed funds $115
    Subordinated debt $0
    All other liabilities $17,352

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $997,853
    Loan and leases loss allowance $6,479
    Total loans and leases (domestic) $1,004,332
    All real estate loans $911,850
    Real estate loans in domestic offices $911,850
    Construction and development loans $61,205
    Residential 1-4 family construction $25,430
    Other construction, all land development and other land $35,775
    Loans secured by nonfarm nonresidential properties $173,760
    Nonfarm nonresidential secured by owner-occupied properties $53,712
    Commercial real estate & other non-farm, non-residential $120,048
    Multifamily residential real estate $52,847
    1-4 family residential loans $624,038
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $72,122
    To non-U.S. addressees $0
    Loans to individuals $20,360
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $4,167
    Other loans to individuals $16,193
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $3,117
    Non 1-4 family restructured loans & leases $116
    Total loans and leases (foreign) $0

    North Easton Savings Bank had $997,853,000 of loans outstanding in 2021. $911,850,000 of loans were in real estate loans. $61,205,000 of loans were in development loans. $52,847,000 of loans were in multifamily mortgage loans. $624,038,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $4,167,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 245 $73,542 $300,171
    Nonfarm, nonresidential loans - <$100k 16 $667 $41,688
    Nonfarm, nonresidential loans - $100-250k 77 $10,888 $141,403
    Nonfarm, nonresidential loans - $250k-1MM 152 $61,987 $407,809
    Commercial & Industrial, US addressed loans - <$1MM 465 $61,277 $131,778
    Commercial & Industrial, US addressed loans - <$100k 224 $6,458 $28,830
    Commercial & Industrial, US addressed loans - $100-250k 112 $14,251 $127,241
    Commercial & Industrial, US addressed loans - $250k-1MM 129 $40,568 $314,481