Athol Savings Bank Mortgage Rates, Fees & Info

Athol, MA

LEI: 549300BN61BPY0L0H441

Tax ID: 04-1046670

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Athol Savings Bank is a smaller bank specializing in Home Purchase loans. Athol Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Worcester, Springfield, Boston, Manchester, and Keene among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

Athol Savings 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.

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

114

Origination Dollar Volume (All Markets)

$15,850,000

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
WORCESTER, MA-CT (FHA|USDA|VA) 98 $12,900,000 $131,633 $0 0.00%
SPRINGFIELD, MA (FHA|USDA|VA) 10 $1,290,000 $129,000 $0 0.00%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $940,000 $470,000 $0 0.00%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $460,000 $230,000 $0 0.00%
Keene, NH (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
Athol Savings Bank's top markets include Worcester, Springfield, Boston, Manchester, and Keene 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 114 $15,850,000 $139,035 $0 0.00%

    For 2023, Athol Savings Bank's most frequently originated type of loan was Conventional, with 114 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 37 $2,305,000 $62,297 $0 0.00%
    Home Purchase 33 $8,915,000 $270,152 $0 0.00%
    Other 20 $1,260,000 $63,000 $0 0.00%
    Cash Out Refi 20 $2,920,000 $146,000 $0 0.00%
    Refi 4 $450,000 $112,500 $0 0.00%

    For 2023, Athol Savings Bank's most frequently cited loan purpose was Home Improvement, with 37 originations. The 2nd most popular reason was Home Purchase, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 114 $15,850,000 $139,035 $0 0.00%

    For 2023, Athol Savings Bank's most frequently cited loan duration was Other, with 114 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 60 $2,640,000 $44,000 $0 0.00%
    $200k-400k 27 $7,805,000 $289,074 $0 0.00%
    $100k-200k 22 $3,000,000 $136,364 $0 0.00%
    $400k-600k 5 $2,405,000 $481,000 $0 0.00%

    2023 saw Athol Savings Bank place emphasis on $100,000 or less loans with 60 originations, totaling $2,640,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 32 $4,990,000 $155,938 $0 0.00%
    $75k-100k 21 $1,965,000 $93,571 $0 0.00%
    $150k-250k 20 $4,010,000 $200,500 $0 0.00%
    $50k-75k 18 $1,780,000 $98,889 $0 0.00%
    $50k or less 11 $435,000 $39,545 $0 0.00%
    $250k+ 2 $250,000 $125,000 $0 0.00%

    Athol Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $75k-100k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 114 $15,850,000 $139,035 $0 0.00%

    Athol Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 114 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 99 $12,305,000 $124,293 $0 0.00%
    Not applicable 8 $2,310,000 $288,750 $0 0.00%
    Not provided 5 $665,000 $133,000 $0 0.00%
    Other Asian 1 $395,000 $395,000 $0 0.00%
    Asian Indian 1 $175,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.16%

    Athol Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.68%

    Athol Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 114 $15,850,000 $139,035

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    114 $15,850,000 $139,035