Monson Savings Bank Mortgage Rates, Fees & InfoMonson, MA
Tax ID: 56-2545442
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewMonson Savings Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Monson Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Hartford, Worcester, Vineyard Haven, and Barnstable Town among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)
Monson Savings 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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Origination Dollar Volume (All Markets)$107,840,000
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|
|SPRINGFIELD, MA (FHA|USDA|VA)||223||$77,575,000||$347,870||$0||0.00%|
|HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA)||27||$7,515,000||$278,333||$0||0.00%|
|WORCESTER, MA-CT (FHA|USDA|VA)||11||$4,365,000||$396,818||$0||0.00%|
|Vineyard Haven, MA (FHA|USDA|VA)||2||$3,240,000||$1,620,000||$0||0.00%|
|BARNSTABLE TOWN, MA (FHA|USDA|VA)||7||$2,935,000||$419,286||$0||0.00%|
|Outside of Metro Areas||3||$2,735,000||$911,667||$0||0.00%|
|Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA)||4||$2,010,000||$502,500||$0||0.00%|
|NORWICH-NEW LONDON, CT (FHA|USDA|VA)||2||$1,820,000||$910,000||$0||0.00%|
|PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA)||3||$1,275,000||$425,000||$0||0.00%|
|Torrington, CT (FHA|USDA|VA)||2||$790,000||$395,000||$0||0.00%|
|NEW HAVEN-MILFORD, CT (FHA|USDA|VA)||1||$435,000||$435,000||$0||0.00%|
|MANCHESTER-NASHUA, NH (FHA|USDA|VA)||1||$385,000||$385,000||$0||0.00%|
|DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA)||1||$355,000||$355,000||$0||0.00%|
|Lebanon, NH-VT (FHA|USDA|VA)||1||$345,000||$345,000||$0||0.00%|
|CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA)||1||$335,000||$335,000||$0||0.00%|
|Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)||1||$315,000||$315,000||$0||0.00%|
|HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA)||1||$315,000||$315,000||$0||0.00%|
|PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA)||1||$305,000||$305,000||$0||0.00%|
|PITTSFIELD, MA (FHA|USDA|VA)||6||$290,000||$48,333||$0||0.00%|
|MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA)||1||$255,000||$255,000||$0||0.00%|
|PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA)||1||$245,000||$245,000||$0||0.00%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Monson Savings Bank's most frequently originated type of loan was Conventional, with 300 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||87||$32,075,000||$368,678||$0||0.00%|
For 2022, Monson Savings Bank's most frequently cited loan purpose was Home Purchase, with 170 originations. The 2nd most popular reason was Cash Out Refi, with 87 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Monson Savings Bank's most frequently cited loan duration was Other, with 300 originations.
2022 saw Monson Savings Bank place emphasis on $200k-400k loans with 136 originations, totaling $37,790,000 in origination value.
Monson Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 68 originations. The second most popular income band? $150k-250k, with 58 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Monson Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 300 originations.
Approval RatesTotal approvals of all applications
Monson Savings Bank has an average approval rate.
Pick RateApprovals leading to origination
Monson Savings Bank has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|