Eastern Connecticut Savings Bank Mortgage Rates, Fees & Info
Norwich, CTLEI: 54930071HHK4VYJ1SG61
Tax ID: 06-0475460
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Eastern Connecticut Savings Bank is a smaller bank specializing in Home Purchase loans. Eastern Connecticut Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Norwich, Hartford, Worcester, New Haven, and Providence among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Eastern Connecticut Savings 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.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
57Origination Dollar Volume (All Markets)
$7,955,000Top 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 |
|---|---|---|---|---|---|
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 26 | $2,830,000 | $108,846 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 14 | $2,000,000 | $142,857 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 9 | $1,675,000 | $186,111 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 7 | $1,405,000 | $200,714 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 57 | $7,955,000 | $139,561 | $0 | 0.00% |
For 2023, Eastern Connecticut Savings Bank's most frequently originated type of loan was Conventional, with 57 originations.
Loan Reason
For 2023, Eastern Connecticut Savings Bank's most frequently cited loan purpose was Other, with 19 originations. The 2nd most popular reason was Home Purchase, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 57 | $7,955,000 | $139,561 | $0 | 0.00% |
For 2023, Eastern Connecticut Savings Bank's most frequently cited loan duration was Other, with 57 originations.
Loan Sizing
2023 saw Eastern Connecticut Savings Bank place emphasis on $100,000 or less loans with 35 originations, totaling $1,985,000 in origination value.
Applicant Income
Eastern Connecticut Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 14 originations. The second most popular income band? $75k-100k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 57 | $7,955,000 | $139,561 | $0 | 0.00% |
Eastern Connecticut Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 57 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.21%
Eastern Connecticut Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination71.93%
Eastern Connecticut Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 57 | $7,955,000 | $139,561 |