Watertown Savings Bank Mortgage Rates, Fees & InfoWatertown, MA
Tax ID: 04-1950840
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewWatertown Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Watertown Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Miami, Barnstable Town, and Springfield among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)
Watertown 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)$133,805,000
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|
|Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA)||185||$129,785,000||$701,541||$0||0.00%|
|Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)||1||$3,205,000||$3,205,000||$0||0.00%|
|BARNSTABLE TOWN, MA (FHA|USDA|VA)||2||$720,000||$360,000||$0||0.00%|
|SPRINGFIELD, MA (FHA|USDA|VA)||1||$95,000||$95,000||$0||0.00%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Watertown Savings Bank's most frequently originated type of loan was Conventional, with 189 originations.
For 2022, Watertown Savings Bank's most frequently cited loan purpose was Home Purchase, with 106 originations. The 2nd most popular reason was Refi, with 72 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Watertown Savings Bank's most frequently cited loan duration was Other, with 189 originations.
2022 saw Watertown Savings Bank place emphasis on $400k-600k loans with 63 originations, totaling $31,405,000 in origination value.
Watertown Savings Bank lent most frequently to those with incomes in the $250k+ range, with 44 originations. The second most popular income band? $150k-250k, with 34 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Watertown Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 189 originations.
Approval RatesTotal approvals of all applications
Watertown Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Watertown Savings Bank has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|