North Shore Bank A Co-operative Bank Mortgage Rates, Fees & InfoPeabody, MA
Tax ID: 04-3414678
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewNorth Shore Bank A Co-operative Bank is a smaller bank specializing in Home Purchase and Refi loans. North Shore Bank A Co-operative Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Laconia, Portland, Worcester, and Berlin among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)
North Shore Bank A Co-operative Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. North Shore Bank A Co-operative Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.63%||4/2/23|
|30 Year Conventional Purchase||6.10%||4/2/23|
|30 Year Conventional Refi||6.27%||4/2/23|
|30 Year Cash-out Refi||6.09%||4/2/23|
|15 Year Conventional Purchase||6.48%||4/2/23|
|15 Year Conventional Refi||5.52%||4/2/23|
|15 Year Cash-out Refi||5.52%||4/2/23|
|These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.|
North Shore Bank A Co-operative Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$205,940,000
North Shore Bank A Co-operative Bank's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.51%.
Relative Fees (Closing Costs)
North Shore Bank A Co-operative Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,601.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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)||369||$196,115,000||$531,477||$3,929||4.47%|
|Outside of Metro Areas||1||$2,505,000||$2,505,000||$7,345||3.63%|
|Laconia, NH (FHA|USDA|VA)||5||$2,075,000||$415,000||$3,190||4.57%|
|PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA)||2||$1,160,000||$580,000||$0||5.75%|
|WORCESTER, MA-CT (FHA|USDA|VA)||3||$1,125,000||$375,000||$3,614||4.38%|
|Berlin, NH (FHA|USDA|VA)||1||$785,000||$785,000||$0||5.25%|
|BARNSTABLE TOWN, MA (FHA|USDA|VA)||1||$665,000||$665,000||$4,226||3.88%|
|Lebanon, NH-VT (FHA|USDA|VA)||2||$540,000||$270,000||$10,219||3.56%|
|Concord, NH (FHA|USDA|VA)||1||$325,000||$325,000||$3,117||5.13%|
|Barre, VT (FHA|USDA|VA)||1||$315,000||$315,000||$0||3.50%|
|HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA)||1||$175,000||$175,000||$3,994||3.50%|
|MANCHESTER-NASHUA, NH (FHA|USDA|VA)||1||$155,000||$155,000||$2,864||4.00%|
We use machine learning to identify the top lenders compared against North Shore Bank a Co-operative Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, North Shore Bank A Co-operative Bank's most frequently originated type of loan was Conventional, with 242 originations. Their 2nd most popular type was HELOC, with 146 originations.
For 2022, North Shore Bank A Co-operative Bank's most frequently cited loan purpose was Home Purchase, with 136 originations. The 2nd most popular reason was Home Improvement, with 90 originations.
For 2022, North Shore Bank A Co-operative Bank's most frequently cited loan duration was 30 Year, with 155 originations. The 2nd most popular length was 20 Year, with 154 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
North Shore Bank A Co-operative Bank's average total fees were $3,601, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 147 originations.
During 2022, North Shore Bank A Co-operative Bank's average interest rate for loans was 4.25%, while their most frequently originated rate bucket for loans was 3-4%, with 165 originations.
2022 saw North Shore Bank A Co-operative Bank place emphasis on $200k-400k loans with 107 originations, totaling $31,105,000 in origination value.
North Shore Bank A Co-operative Bank lent most frequently to those with incomes in the $100k-150k range, with 92 originations. The second most popular income band? $150k-250k, with 75 originations.
Applicant Debt to Income Ratio
North Shore Bank A Co-operative Bank lent most frequently to those with DTI ratios of 30-36%, with 62 originations. The next most common DTI ratio? 20-30%, with 56 originations.
Approval RatesTotal approvals of all applications
North Shore Bank A Co-operative Bank has an average approval rate.
Pick RateApprovals leading to origination
North Shore Bank A Co-operative Bank has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|