North Shore Bank A Co-operative Bank Mortgage Rates, Fees & Info
Peabody, MALEI: 549300B3J2ZHX7QFH171
Tax ID: 04-3414678
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
North 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.63% | 11/21/24 |
| 30 Year Conventional Purchase | 6.10% | 11/21/24 |
| 30 Year Conventional Refi | 6.27% | 11/21/24 |
| 30 Year Cash-out Refi | 6.09% | 11/21/24 |
| 15 Year Conventional Purchase | 6.48% | 11/21/24 |
| 15 Year Conventional Refi | 5.52% | 11/21/24 |
| 15 Year Cash-out Refi | 5.52% | 11/21/24 |
| 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
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from North Shore Bank A Co-operative Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
388Origination Dollar Volume (All Markets)
$205,940,000Awards
North Shore Bank a Co-operative Bank - 2022
North Shore Bank a Co-operative Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
Work for North Shore Bank a Co-operative Bank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 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% |
Similar Lenders
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.
Similarity Rank: 50
Similarity Rank: 115
Similarity Rank: 168
Similarity Rank: 195
Similarity Rank: 200
Similarity Rank: 200
Similarity Rank: 348
Similarity Rank: 357
Similarity Rank: 360
Similarity Rank: 364
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 242 | $185,080,000 | $764,793 | $3,960 | 4.45% |
| HELOC | 146 | $20,860,000 | $142,877 | n/a | 4.50% |
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.
Loan Reason
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.
Loan Duration/Length
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
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.
Interest Rates
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.
Loan Sizing
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.
Applicant Income
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.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.54%
North Shore Bank A Co-operative Bank has an average approval rate.
Pick Rate
Approvals leading to origination83.76%
North Shore Bank A Co-operative Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 388 | $205,940,000 | $530,773 |