Guilford Savings Bank The Mortgage Rates, Fees & Info

Guilford, CT

LEI: 5493006RLUL4IL56SC31

Tax ID: 06-0377390

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

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Mortgage Data

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

    • Review & Overview

    Guilford Savings Bank The is a smaller bank specializing in Cash Out Refi and Home Purchase loans. Guilford Savings Bank The has a high proportion of conventional loans. Their top markets by origination volume include: New Haven, Bridgeport, Hartford, Norwich, and Torrington among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Guilford Savings Bank The 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.

    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.

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    Originations

    310

    Origination Dollar Volume (All Markets)

    $88,930,000

    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
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 225 $56,125,000 $249,444 $0 0.00%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 21 $14,385,000 $685,000 $0 0.00%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 53 $13,305,000 $251,038 $0 0.00%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 10 $4,890,000 $489,000 $0 0.00%
    Torrington, CT (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Guilford Savings Bank The's top markets include New Haven, Bridgeport, Hartford, Norwich, and Torrington among others.

    Their top states include:
  • Connecticut (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 310 $88,930,000 $286,871 $0 0.00%

    For 2023, Guilford Savings Bank The's most frequently originated type of loan was Conventional, with 310 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 222 $42,690,000 $192,297 $0 0.00%
    Home Purchase 73 $43,215,000 $591,986 $0 0.00%
    Other 12 $1,110,000 $92,500 $0 0.00%
    Refi 3 $1,915,000 $638,333 $0 0.00%

    For 2023, Guilford Savings Bank The's most frequently cited loan purpose was Cash Out Refi, with 222 originations. The 2nd most popular reason was Home Purchase, with 73 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 310 $88,930,000 $286,871 $0 0.00%

    For 2023, Guilford Savings Bank The's most frequently cited loan duration was Other, with 310 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 86 $23,600,000 $274,419 $0 0.00%
    $100,000 or less 83 $4,555,000 $54,880 $0 0.00%
    $100k-200k 75 $9,915,000 $132,200 $0 0.00%
    $400k-600k 37 $17,645,000 $476,892 $0 0.00%
    $600k-1MM 15 $11,615,000 $774,333 $0 0.00%
    $1MM+ 14 $21,600,000 $1,542,857 $0 0.00%

    2023 saw Guilford Savings Bank The place emphasis on $200k-400k loans with 86 originations, totaling $23,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 106 $24,750,000 $233,491 $0 0.00%
    $250k+ 68 $35,220,000 $517,941 $0 0.00%
    $100k-150k 64 $11,120,000 $173,750 $0 0.00%
    $75k-100k 35 $4,775,000 $136,429 $0 0.00%
    $50k-75k 17 $1,685,000 $99,118 $0 0.00%
    $50k or less 10 $710,000 $71,000 $0 0.00%

    Guilford Savings Bank The lent most frequently to those with incomes in the $150k-250k range, with 106 originations. The second most popular income band? $250k+, with 68 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 310 $88,930,000 $286,871 $0 0.00%

    Guilford Savings Bank The lent most frequently to those with DTI ratios of Exempt%, with 310 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 236 $58,360,000 $247,288 $0 0.00%
    Not provided 56 $18,060,000 $322,500 $0 0.00%
    Not applicable 10 $8,780,000 $878,000 $0 0.00%
    Asian 7 $3,685,000 $526,429 $0 0.00%
    Black 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.12%

    Guilford Savings Bank The has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.39%

    Guilford Savings Bank The has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 310 $88,930,000 $286,871

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    310 $88,930,000 $286,871