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

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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

    Athol Savings Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Athol Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Worcester, Springfield, Boston, Keene, and Manchester among others. We have data for 6 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.

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    Originations

    156

    Origination Dollar Volume (All Markets)

    $30,710,000

    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) 122 $23,020,000 $188,689 $0 0.00%
    SPRINGFIELD, MA (FHA|USDA|VA) 22 $3,830,000 $174,091 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 5 $1,815,000 $363,000 $0 0.00%
    Keene, NH (FHA|USDA|VA) 4 $850,000 $212,500 $0 0.00%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $690,000 $345,000 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
    Athol Savings Bank's top markets include Worcester, Springfield, Boston, Keene, and Manchester 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 156 $30,710,000 $196,859 $0 0.00%

    For 2022, Athol Savings Bank's most frequently originated type of loan was Conventional, with 156 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 62 $19,380,000 $312,581 $0 0.00%
    Cash Out Refi 38 $6,180,000 $162,632 $0 0.00%
    Home Improvement 31 $2,265,000 $73,065 $0 0.00%
    Refi 15 $2,005,000 $133,667 $0 0.00%
    Other 10 $880,000 $88,000 $0 0.00%

    For 2022, Athol Savings Bank's most frequently cited loan purpose was Home Purchase, with 62 originations. The 2nd most popular reason was Cash Out Refi, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 156 $30,710,000 $196,859 $0 0.00%

    For 2022, Athol Savings Bank's most frequently cited loan duration was Other, with 156 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 48 $6,940,000 $144,583 $0 0.00%
    $200k-400k 48 $12,570,000 $261,875 $0 0.00%
    $100,000 or less 44 $2,050,000 $46,591 $0 0.00%
    $400k-600k 11 $4,925,000 $447,727 $0 0.00%
    $600k-1MM 4 $2,960,000 $740,000 $0 0.00%
    $1MM+ 1 $1,265,000 $1,265,000 $0 0.00%

    2022 saw Athol Savings Bank place emphasis on $100k-200k loans with 48 originations, totaling $6,940,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 39 $7,905,000 $202,692 $0 0.00%
    $50k-75k 35 $4,915,000 $140,429 $0 0.00%
    $75k-100k 27 $5,115,000 $189,444 $0 0.00%
    $50k or less 16 $1,160,000 $72,500 $0 0.00%
    $150k-250k 15 $3,875,000 $258,333 $0 0.00%
    $250k+ 7 $2,555,000 $365,000 $0 0.00%

    Athol Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 39 originations. The second most popular income band? $50k-75k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 156 $30,710,000 $196,859 $0 0.00%

    Athol Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 156 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 129 $22,845,000 $177,093 $0 0.00%
    Not applicable 14 $4,790,000 $342,143 $0 0.00%
    Not provided 12 $2,840,000 $236,667 $0 0.00%
    Black 1 $235,000 $235,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.12%

    Athol Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.13%

    Athol Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 156 $30,710,000 $196,859

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    156 $30,710,000 $196,859