Pentucket Bank Mortgage Rates, Fees & Info
Haverhill, MALEI: 54930061YDWSR567KC82
Tax ID: 81-2054111
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Pentucket Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Pentucket Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Manchester, Concord, Portland, and Worcester among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Pentucket 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
233Origination Dollar Volume (All Markets)
$80,105,000Top 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 |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 208 | $72,710,000 | $349,567 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 7 | $2,475,000 | $353,571 | $0 | 0.00% |
| Concord, NH (FHA|USDA|VA) | 4 | $1,230,000 | $307,500 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $935,000 | $187,000 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 233 | $80,105,000 | $343,798 | $0 | 0.00% |
For 2022, Pentucket Bank's most frequently originated type of loan was Conventional, with 233 originations.
Loan Reason
For 2022, Pentucket Bank's most frequently cited loan purpose was Home Purchase, with 104 originations. The 2nd most popular reason was Cash Out Refi, with 58 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 233 | $80,105,000 | $343,798 | $0 | 0.00% |
For 2022, Pentucket Bank's most frequently cited loan duration was Other, with 233 originations.
Loan Sizing
2022 saw Pentucket Bank place emphasis on $200k-400k loans with 85 originations, totaling $24,705,000 in origination value.
Applicant Income
Pentucket Bank lent most frequently to those with incomes in the $100k-150k range, with 73 originations. The second most popular income band? $150k-250k, with 58 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 233 | $80,105,000 | $343,798 | $0 | 0.00% |
Pentucket Bank lent most frequently to those with DTI ratios of Exempt%, with 233 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.94%
Pentucket Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.98%
Pentucket Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 233 | $80,105,000 | $343,798 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PENTAGON FEDERAL CREDIT UNION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
| PENTAGON FEDERAL CREDIT UNION | Conventional home mortgage | Closing on a mortgage | 2 | 40.0% |
| PENTAGON FEDERAL CREDIT UNION | VA mortgage | Closing on a mortgage | 2 | 40.0% |