Winchester Savings Bank Mortgage Rates, Fees & Info

Winchester, MA

LEI: 549300B1DHIVKN5DEJ29

Tax ID: 01-1978230

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

    Winchester Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Winchester Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Manchester, and Barnstable Town among others. We have data for 4 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.

    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

    104

    Origination Dollar Volume (All Markets)

    $89,610,000

    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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 95 $85,395,000 $898,895 $0 0.00%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 5 $2,185,000 $437,000 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 3 $1,675,000 $558,333 $0 0.00%
    Outside of Metro Areas 1 $355,000 $355,000 $0 0.00%
    Winchester Savings Bank's top markets include Boston, Manchester, and Barnstable Town among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 104 $89,610,000 $861,635 $0 0.00%

    For 2022, Winchester Savings Bank's most frequently originated type of loan was Conventional, with 104 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 48 $30,360,000 $632,500 $0 0.00%
    Refi 28 $45,550,000 $1,626,786 $0 0.00%
    Cash Out Refi 21 $11,915,000 $567,381 $0 0.00%
    Other 4 $1,270,000 $317,500 $0 0.00%
    Home Improvement 3 $515,000 $171,667 $0 0.00%

    For 2022, Winchester Savings Bank's most frequently cited loan purpose was Home Purchase, with 48 originations. The 2nd most popular reason was Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 104 $89,610,000 $861,635 $0 0.00%

    For 2022, Winchester Savings Bank's most frequently cited loan duration was Other, with 104 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 29 $23,005,000 $793,276 $0 0.00%
    $200k-400k 27 $8,435,000 $312,407 $0 0.00%
    $400k-600k 25 $12,325,000 $493,000 $0 0.00%
    $1MM+ 15 $44,895,000 $2,993,000 $0 0.00%
    $100,000 or less 4 $320,000 $80,000 $0 0.00%
    $100k-200k 4 $630,000 $157,500 $0 0.00%

    2022 saw Winchester Savings Bank place emphasis on $600k-1MM loans with 29 originations, totaling $23,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 21 $9,995,000 $475,952 $0 0.00%
    $150k-250k 18 $10,510,000 $583,889 $0 0.00%
    $250k+ 17 $13,195,000 $776,176 $0 0.00%
    $75k-100k 14 $3,910,000 $279,286 $0 0.00%
    $50k-75k 5 $1,315,000 $263,000 $0 0.00%
    $50k or less 2 $310,000 $155,000 $0 0.00%

    Winchester Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $150k-250k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 104 $89,610,000 $861,635 $0 0.00%

    Winchester Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 104 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 27 $50,375,000 $1,865,741 $0 0.00%
    White 49 $24,555,000 $501,122 $0 0.00%
    Not provided 18 $8,120,000 $451,111 $0 0.00%
    Asian 10 $6,560,000 $656,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.59%

    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 origination
    77.88%

    Winchester Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 104 $89,610,000 $861,635

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    104 $89,610,000 $861,635