The Savings Bank Mortgage Rates, Fees & InfoWakefield, MA
Tax ID: 04-1939290
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewThe Savings Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. The Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Barnstable Town, Worcester, Manchester, and Springfield among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)
The Savings Bank has an above 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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Origination Dollar Volume (All Markets)$79,235,000
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)||148||$76,100,000||$514,189||$0||0.00%|
|BARNSTABLE TOWN, MA (FHA|USDA|VA)||1||$915,000||$915,000||$0||0.00%|
|WORCESTER, MA-CT (FHA|USDA|VA)||3||$815,000||$271,667||$0||0.00%|
|MANCHESTER-NASHUA, NH (FHA|USDA|VA)||2||$660,000||$330,000||$0||0.00%|
|SPRINGFIELD, MA (FHA|USDA|VA)||1||$305,000||$305,000||$0||0.00%|
|Laconia, NH (FHA|USDA|VA)||1||$305,000||$305,000||$0||0.00%|
|PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA)||1||$135,000||$135,000||$0||0.00%|
Their top states include:
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, The Savings Bank's most frequently originated type of loan was Conventional, with 157 originations.
For 2022, The Savings Bank's most frequently cited loan purpose was Home Purchase, with 86 originations. The 2nd most popular reason was Cash Out Refi, with 39 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, The Savings Bank's most frequently cited loan duration was Other, with 157 originations.
2022 saw The Savings Bank place emphasis on $400k-600k loans with 52 originations, totaling $26,190,000 in origination value.
The Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 61 originations. The second most popular income band? $250k+, with 27 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
The Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 157 originations.
Approval RatesTotal approvals of all applications
The Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
The Savings Bank has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|