North Shore Bank A Co-operative Bank Mortgage Rates, Fees & Info
Peabody, MALEI: 549300B3J2ZHX7QFH171
Tax ID: 04-3414678
Latest/2024 | 2023 Data | 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 Home Improvement loans. North Shore Bank A Co-operative Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Manchester, Lebanon, Worcester, and Concord among others. We have data for 11 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.
Originations
254Origination Dollar Volume (All Markets)
$119,090,000Awards
North Shore Bank a Co-operative Bank - 2023
North Shore Bank a Co-operative Bank is a 2023 , due to their low .
For 2023, 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) | 230 | $112,170,000 | $487,696 | $4,252 | 7.26% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 4 | $1,520,000 | $380,000 | $3,582 | 6.94% |
| Lebanon, NH-VT (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $4,546 | 6.09% |
| Outside of Metro Areas | 4 | $980,000 | $245,000 | $3,290 | 6.66% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $2,879 | 6.62% |
| Concord, NH (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $3,551 | 6.75% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,503 | 6.94% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,819 | 6.50% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,238 | 5.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.75% |
| Laconia, NH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.50% |
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: 40
Similarity Rank: 130
Similarity Rank: 160
Similarity Rank: 177
Similarity Rank: 195
Similarity Rank: 220
Similarity Rank: 276
Similarity Rank: 284
Similarity Rank: 320
Similarity Rank: 340
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 151 | $104,395,000 | $691,358 | $4,180 | 6.53% |
| HELOC | 103 | $14,695,000 | $142,670 | n/a | 8.21% |
For 2023, North Shore Bank A Co-operative Bank's most frequently originated type of loan was Conventional, with 151 originations. Their 2nd most popular type was HELOC, with 103 originations.
Loan Reason
For 2023, North Shore Bank A Co-operative Bank's most frequently cited loan purpose was Home Purchase, with 110 originations. The 2nd most popular reason was Home Improvement, with 69 originations.
Loan Duration/Length
For 2023, North Shore Bank A Co-operative Bank's most frequently cited loan duration was 30 Year, with 112 originations. The 2nd most popular length was 20 Year, with 107 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 102 | $46,220,000 | $453,137 |
| $4k-5k | 6 | $6,380,000 | $1,063,333 |
North Shore Bank A Co-operative Bank's average total fees were $3,764, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 102 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 82 | $36,240,000 | $441,951 |
| 6-7% | 70 | $47,240,000 | $674,857 |
| 5-6% | 55 | $24,995,000 | $454,455 |
| 7-8% | 43 | $9,485,000 | $220,581 |
| 4-5% | 4 | $1,130,000 | $282,500 |
During 2023, North Shore Bank A Co-operative Bank's average interest rate for loans was 6.28%, while their most frequently originated rate bucket for loans was Over 8%, with 82 originations.
Loan Sizing
2023 saw North Shore Bank A Co-operative Bank place emphasis on $200k-400k loans with 74 originations, totaling $20,830,000 in origination value.
Applicant Income
North Shore Bank A Co-operative Bank lent most frequently to those with incomes in the $150k-250k range, with 83 originations. The second most popular income band? $100k-150k, with 54 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 49 originations. The next most common DTI ratio? 20-30%, with 41 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.55%
North Shore Bank A Co-operative Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.10%
North Shore Bank A Co-operative Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 254 | $119,090,000 | $468,858 |