Eastern Savings Bank Mortgage Rates, Fees & Info
HUNT VALLEY, MDLEI: 5493007O5KJGDP4CB858
Tax ID: 52-0623475
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Mortgage Data
Review & Overview
Eastern Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Eastern Savings Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Baltimore, Philadelphia, Salisbury, and Virginia Beach among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Eastern 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.
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Originations
31Origination Dollar Volume (All Markets)
$16,575,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 7 | $7,875,000 | $1,125,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 7 | $3,755,000 | $536,429 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 7 | $3,165,000 | $452,143 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $395,000 | $395,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 28 | $15,860,000 | $566,429 | $0 | 0.00% |
| FHA | 3 | $715,000 | $238,333 | $0 | 0.00% |
For 2023, Eastern Savings Bank's most frequently originated type of loan was Conventional, with 28 originations. Their 2nd most popular type was FHA, with 3 originations.
Loan Reason
For 2023, Eastern Savings Bank's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 31 | $16,575,000 | $534,677 | $0 | 0.00% |
For 2023, Eastern Savings Bank's most frequently cited loan duration was Other, with 31 originations.
Loan Sizing
2023 saw Eastern Savings Bank place emphasis on $100k-200k loans with 10 originations, totaling $1,280,000 in origination value.
Applicant Income
Eastern Savings Bank lent most frequently to those with incomes in the $75k-100k range, with 4 originations. The second most popular income band? $150k-250k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 31 | $16,575,000 | $534,677 | $0 | 0.00% |
Eastern Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 31 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.77%
Eastern Savings Bank has a below average approval rate.
Pick Rate
Approvals leading to origination70.97%
Eastern Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 31 | $16,575,000 | $534,677 |