Guilford Savings Bank The Mortgage Rates, Fees & InfoGuilford, CT
Tax ID: 06-0377390
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewGuilford Savings Bank The is a smaller bank specializing in Home Purchase and Home Improvement 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 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)$95,400,000
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|
|NEW HAVEN-MILFORD, CT (FHA|USDA|VA)||115||$40,935,000||$355,957||$0||0.00%|
|BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA)||7||$34,715,000||$4,959,286||$0||0.00%|
|HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA)||54||$17,940,000||$332,222||$0||0.00%|
|NORWICH-NEW LONDON, CT (FHA|USDA|VA)||5||$1,385,000||$277,000||$0||0.00%|
|Torrington, CT (FHA|USDA|VA)||1||$425,000||$425,000||$0||0.00%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Guilford Savings Bank The's most frequently originated type of loan was Conventional, with 182 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||68||$11,630,000||$171,029||$0||0.00%|
For 2022, Guilford Savings Bank The's most frequently cited loan purpose was Home Purchase, with 95 originations. The 2nd most popular reason was Cash Out Refi, with 68 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Guilford Savings Bank The's most frequently cited loan duration was Other, with 182 originations.
2022 saw Guilford Savings Bank The place emphasis on $200k-400k loans with 71 originations, totaling $20,055,000 in origination value.
Guilford Savings Bank The lent most frequently to those with incomes in the $250k+ range, with 44 originations. The second most popular income band? $150k-250k, with 40 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Guilford Savings Bank The lent most frequently to those with DTI ratios of Exempt%, with 182 originations.
Approval RatesTotal approvals of all applications
Guilford Savings Bank The has an average approval rate.
Pick RateApprovals leading to origination
Guilford Savings Bank The has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
|Points||Originations||Total Value||Average Loan|