Clinton Savings Bank Mortgage Rates, Fees & Info

Clinton, MA

LEI: 5493008ZGR745OCU3U41

Tax ID: 04-1185690

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Clinton Savings Bank is a smaller bank specializing in Home Purchase loans. Clinton Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Worcester, Boston, Springfield, Barnstable Town, and Providence among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Clinton 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    178

    Origination Dollar Volume (All Markets)

    $57,710,000

    Top 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
    WORCESTER, MA-CT (FHA|USDA|VA) 127 $29,455,000 $231,929 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 40 $24,570,000 $614,250 $0 0.00%
    SPRINGFIELD, MA (FHA|USDA|VA) 4 $1,980,000 $495,000 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 6 $1,450,000 $241,667 $0 0.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    Clinton Savings Bank's top markets include Worcester, Boston, Springfield, Barnstable Town, and Providence among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 178 $57,710,000 $324,213 $0 0.00%

    For 2023, Clinton Savings Bank's most frequently originated type of loan was Conventional, with 178 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 93 $40,355,000 $433,925 $0 0.00%
    Home Improvement 37 $3,095,000 $83,649 $0 0.00%
    Cash Out Refi 25 $6,095,000 $243,800 $0 0.00%
    Refi 14 $7,750,000 $553,571 $0 0.00%
    Other 9 $415,000 $46,111 $0 0.00%

    For 2023, Clinton Savings Bank's most frequently cited loan purpose was Home Purchase, with 93 originations. The 2nd most popular reason was Home Improvement, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 178 $57,710,000 $324,213 $0 0.00%

    For 2023, Clinton Savings Bank's most frequently cited loan duration was Other, with 178 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 61 $18,265,000 $299,426 $0 0.00%
    $100,000 or less 45 $1,885,000 $41,889 $0 0.00%
    $100k-200k 23 $3,255,000 $141,522 $0 0.00%
    $400k-600k 22 $10,320,000 $469,091 $0 0.00%
    $600k-1MM 19 $13,075,000 $688,158 $0 0.00%
    $1MM+ 8 $10,910,000 $1,363,750 $0 0.00%

    2023 saw Clinton Savings Bank place emphasis on $200k-400k loans with 61 originations, totaling $18,265,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 54 $19,710,000 $365,000 $0 0.00%
    $100k-150k 40 $10,800,000 $270,000 $0 0.00%
    $75k-100k 35 $6,345,000 $181,286 $0 0.00%
    $50k-75k 14 $2,180,000 $155,714 $0 0.00%
    $250k+ 12 $4,090,000 $340,833 $0 0.00%
    $50k or less 6 $740,000 $123,333 $0 0.00%

    Clinton Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 54 originations. The second most popular income band? $100k-150k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 178 $57,710,000 $324,213 $0 0.00%

    Clinton Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 178 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 129 $34,705,000 $269,031 $0 0.00%
    Not applicable 14 $13,300,000 $950,000 $0 0.00%
    Not provided 27 $6,665,000 $246,852 $0 0.00%
    Asian 3 $1,645,000 $548,333 $0 0.00%
    Asian Indian 2 $780,000 $390,000 $0 0.00%
    Black 1 $295,000 $295,000 $0 0.00%
    Vietnamese 1 $255,000 $255,000 $0 0.00%
    American Indian 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.92%

    Clinton Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.78%

    Clinton Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 178 $57,710,000 $324,213

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    178 $57,710,000 $324,213