Marblehead Bank Mortgage Rates, Fees & Info
MARBLEHEAD, MALEI: 5493007C2UVB2OGY1G25
Tax ID: 04-1580550
Latest/2023 | 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 Cash Out Refi, Refi, and Home Purchase loans. Marblehead Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Barnstable Town, and Providence among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Marblehead Bank 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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Originations
158Origination Dollar Volume (All Markets)
$73,320,000Top 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) | 154 | $72,340,000 | $469,740 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 158 | $73,320,000 | $464,051 | $0 | 0.00% |
For 2021, Marblehead Bank's most frequently originated type of loan was Conventional, with 158 originations.
Loan Reason
For 2021, Marblehead Bank's most frequently cited loan purpose was Cash Out Refi, with 67 originations. The 2nd most popular reason was Refi, with 46 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 158 | $73,320,000 | $464,051 | $0 | 0.00% |
For 2021, Marblehead Bank's most frequently cited loan duration was Other, with 158 originations.
Loan Sizing
2021 saw Marblehead Bank place emphasis on $400k-600k loans with 51 originations, totaling $24,295,000 in origination value.
Applicant Income
Marblehead Bank lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $150k-250k, with 28 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 158 | $73,320,000 | $464,051 | $0 | 0.00% |
Marblehead Bank lent most frequently to those with DTI ratios of Exempt%, with 158 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.75%
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 origination79.75%
Marblehead Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 158 | $73,320,000 | $464,051 |