Winchester Savings Bank Mortgage Rates, Fees & Info
Winchester, MALEI: 549300B1DHIVKN5DEJ29
Tax ID: 01-1978230
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Mortgage Data
Review & Overview
Winchester Savings Bank is a smaller bank specializing in Home Purchase loans. Winchester Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Worcester, Providence, Laconia, and Manchester among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Winchester 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
88Origination Dollar Volume (All Markets)
$92,830,000Top 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 |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 78 | $86,190,000 | $1,105,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 6 | $4,670,000 | $778,333 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 88 | $92,830,000 | $1,054,886 | $0 | 0.00% |
For 2023, Winchester Savings Bank's most frequently originated type of loan was Conventional, with 88 originations.
Loan Reason
For 2023, Winchester Savings Bank's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 88 | $92,830,000 | $1,054,886 | $0 | 0.00% |
For 2023, Winchester Savings Bank's most frequently cited loan duration was Other, with 88 originations.
Loan Sizing
2023 saw Winchester Savings Bank place emphasis on $600k-1MM loans with 26 originations, totaling $20,090,000 in origination value.
Applicant Income
Winchester Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 24 originations. The second most popular income band? $250k+, with 21 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 88 | $92,830,000 | $1,054,886 | $0 | 0.00% |
Winchester Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 88 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.12%
Winchester Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.50%
Winchester Savings Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 88 | $92,830,000 | $1,054,886 |