Marblehead Bank Mortgage Rates, Fees & Info
MARBLEHEAD, MALEI: 5493007C2UVB2OGY1G25
Tax ID: 04-1580550
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Marblehead Bank is a smaller bank specializing in Home Purchase loans. Marblehead Bank has a high proportion of conventional loans. Their top (well, only) market is Boston.Marblehead Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
41Origination Dollar Volume (All Markets)
$21,305,000Top 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 |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 41 | $21,305,000 | $519,634 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 41 | $21,305,000 | $519,634 | $0 | 0.00% |
For 2024, Marblehead Bank's most frequently originated type of loan was Conventional, with 41 originations.
Loan Reason
For 2024, Marblehead Bank's most frequently cited loan purpose was Home Purchase, with 26 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 41 | $21,305,000 | $519,634 | $0 | 0.00% |
For 2024, Marblehead Bank's most frequently cited loan duration was Other, with 41 originations.
Loan Sizing
2024 saw Marblehead Bank place emphasis on $200k-400k loans with 12 originations, totaling $3,810,000 in origination value.
Applicant Income
Marblehead Bank lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $150k-250k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 41 | $21,305,000 | $519,634 | $0 | 0.00% |
Marblehead Bank lent most frequently to those with DTI ratios of Exempt%, with 41 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.52%
Marblehead Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination95.12%
Marblehead Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 41 | $21,305,000 | $519,634 |