Eastern Savings Bank Mortgage Rates, Fees & Info
HUNT VALLEY, MDLEI: 5493007O5KJGDP4CB858
Tax ID: 52-0623475
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Eastern Savings Bank is a smaller bank specializing in Refi loans. Eastern Savings Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Charlotte, Philadelphia, Baltimore, Altoona, and York among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Eastern 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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Originations
27Origination Dollar Volume (All Markets)
$17,595,000Top 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 |
|---|---|---|---|---|---|
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $12,255,000 | $12,255,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 7 | $1,775,000 | $253,571 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 7 | $1,045,000 | $149,286 | $0 | 0.00% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $190,000 | $95,000 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 14 | $15,430,000 | $1,102,143 | $0 | 0.00% |
| FHA | 13 | $2,165,000 | $166,538 | $0 | 0.00% |
For 2024, Eastern Savings Bank's most frequently originated type of loan was Conventional, with 14 originations. Their 2nd most popular type was FHA, with 13 originations.
Loan Reason
For 2024, Eastern Savings Bank's most frequently cited loan purpose was Home Purchase, with 10 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 27 | $17,595,000 | $651,667 | $0 | 0.00% |
For 2024, Eastern Savings Bank's most frequently cited loan duration was Other, with 27 originations.
Loan Sizing
2024 saw Eastern Savings Bank place emphasis on $200k-400k loans with 11 originations, totaling $2,875,000 in origination value.
Applicant Income
Eastern Savings Bank lent most frequently to those with incomes in the $75k-100k range, with 5 originations. The second most popular income band? $100k-150k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 27 | $17,595,000 | $651,667 | $0 | 0.00% |
Eastern Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 27 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications70.00%
Eastern Savings Bank has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination51.85%
Eastern Savings Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 27 | $17,595,000 | $651,667 |