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 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.

    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

    182

    Origination Dollar Volume (All Markets)

    $95,400,000

    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) 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%
    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 182 $95,400,000 $524,176 $0 0.00%

    For 2022, Guilford Savings Bank The's most frequently originated type of loan was Conventional, with 182 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 95 $44,405,000 $467,421 $0 0.00%
    Cash Out Refi 68 $11,630,000 $171,029 $0 0.00%
    Refi 16 $5,860,000 $366,250 $0 0.00%
    Home Improvement 3 $33,505,000 $11,168,333 $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 Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 182 $95,400,000 $524,176 $0 0.00%

    For 2022, Guilford Savings Bank The's most frequently cited loan duration was Other, with 182 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 71 $20,055,000 $282,465 $0 0.00%
    $100,000 or less 31 $1,465,000 $47,258 $0 0.00%
    $100k-200k 28 $4,070,000 $145,357 $0 0.00%
    $400k-600k 23 $10,815,000 $470,217 $0 0.00%
    $600k-1MM 20 $14,300,000 $715,000 $0 0.00%
    $1MM+ 9 $44,695,000 $4,966,111 $0 0.00%

    2022 saw Guilford Savings Bank The place emphasis on $200k-400k loans with 71 originations, totaling $20,055,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 44 $27,540,000 $625,909 $0 0.00%
    $150k-250k 40 $13,120,000 $328,000 $0 0.00%
    $100k-150k 33 $7,085,000 $214,697 $0 0.00%
    $75k-100k 25 $5,335,000 $213,400 $0 0.00%
    $50k-75k 23 $4,285,000 $186,304 $0 0.00%
    $50k or less 5 $375,000 $75,000 $0 0.00%

    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
    Exempt% 182 $95,400,000 $524,176 $0 0.00%

    Guilford Savings Bank The lent most frequently to those with DTI ratios of Exempt%, with 182 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 12 $37,660,000 $3,138,333 $0 0.00%
    White 102 $34,770,000 $340,882 $0 0.00%
    Not provided 59 $19,705,000 $333,983 $0 0.00%
    Asian 6 $2,580,000 $430,000 $0 0.00%
    Black 3 $685,000 $228,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.92%

    Guilford Savings Bank The has an average approval rate.

    Pick Rate

    Approvals leading to origination
    62.09%

    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
    Exempt 182 $95,400,000 $524,176

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    182 $95,400,000 $524,176