Sis Bancorp Mhc Mortgage Rates, Fees & Info
SANFORD, MELEI: 549300DK2AEMKCO4JZ92
Tax ID: 01-0154810
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Mortgage Data
Review & Overview
Sis Bancorp Mhc is a smaller mortgage company specializing in Other and Home Purchase loans. Sis Bancorp Mhc has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Portland, Boston, Augusta, Manchester, and Laconia among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Sis Bancorp Mhc has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Sis Bancorp Mhc 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 relatively high rates.
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Originations
477Origination Dollar Volume (All Markets)
$109,835,000Awards
SIS BANCORP MHC - 2023
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For 2023, less than of lenders were eligible for this award.
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Relative Rate
Sis Bancorp Mhc's average 30 year fixed mortgage rate was
7.67%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 1.19%.
Relative Fees (Closing Costs)
Sis Bancorp Mhc's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,677.
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 $9,089.
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 |
|---|---|---|---|---|---|
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 291 | $64,135,000 | $220,395 | $2,265 | 7.70% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 80 | $23,260,000 | $290,750 | $1,781 | 7.89% |
| Outside of Metro Areas | 34 | $7,810,000 | $229,706 | $6,093 | 7.85% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 17 | $4,185,000 | $246,176 | $7,216 | 7.48% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 23 | $3,415,000 | $148,478 | $1,858 | 8.02% |
| Laconia, NH (FHA|USDA|VA) | 8 | $2,200,000 | $275,000 | $3,417 | 7.98% |
| Concord, NH (FHA|USDA|VA) | 12 | $2,120,000 | $176,667 | $1,503 | 7.91% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 7 | $1,155,000 | $165,000 | $3,235 | 7.93% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $5,354 | 6.63% |
| Berlin, NH (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 8.69% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,499 | 7.25% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,906 | 7.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against SIS BANCORP MHC based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 40
Similarity Rank: 64
Similarity Rank: 115
Similarity Rank: 126
Similarity Rank: 130
Similarity Rank: 150
Similarity Rank: 160
Similarity Rank: 177
Similarity Rank: 195
Similarity Rank: 200
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 327 | $79,165,000 | $242,095 | $2,516 | 7.54% |
| HELOC | 149 | $30,435,000 | $204,262 | n/a | 8.28% |
| USDA | 1 | $235,000 | $235,000 | $5,859 | 5.50% |
For 2023, Sis Bancorp Mhc's most frequently originated type of loan was Conventional, with 327 originations. Their 2nd most popular type was HELOC, with 149 originations.
Loan Reason
For 2023, Sis Bancorp Mhc's most frequently cited loan purpose was Other, with 205 originations. The 2nd most popular reason was Home Purchase, with 168 originations.
Loan Duration/Length
For 2023, Sis Bancorp Mhc's most frequently cited loan duration was Other, with 170 originations. The 2nd most popular length was 20 Year, with 134 originations.
Origination Fees/Closing Costs
Sis Bancorp Mhc's average total fees were $4,677, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 150 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 194 | $40,190,000 | $207,165 |
| 7-8% | 181 | $45,865,000 | $253,398 |
| 6-7% | 91 | $22,705,000 | $249,505 |
| 5-6% | 11 | $1,075,000 | $97,727 |
During 2023, Sis Bancorp Mhc's average interest rate for loans was 7.67%, while their most frequently originated rate bucket for loans was Over 8%, with 194 originations.
Loan Sizing
2023 saw Sis Bancorp Mhc place emphasis on $100,000 or less loans with 145 originations, totaling $8,225,000 in origination value.
Applicant Income
Sis Bancorp Mhc lent most frequently to those with incomes in the $150k-250k range, with 108 originations. The second most popular income band? $100k-150k, with 98 originations.
Applicant Debt to Income Ratio
Sis Bancorp Mhc lent most frequently to those with DTI ratios of 30-36%, with 75 originations. The next most common DTI ratio? 20-30%, with 65 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.52%
Sis Bancorp Mhc has an average approval rate.
Pick Rate
Approvals leading to origination89.31%
Sis Bancorp Mhc has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1673.04 | 1 | $75,000 | $75,000 |
| 2231.84 | 1 | $75,000 | $75,000 |
| 2989.34 | 1 | $55,000 | $55,000 |
| 3127.3 | 1 | $95,000 | $95,000 |
| 3333.76 | 1 | $305,000 | $305,000 |
| 3345.52 | 1 | $95,000 | $95,000 |
| 3364.04 | 1 | $135,000 | $135,000 |
| 3909.65 | 1 | $115,000 | $115,000 |
| 4031.9 | 1 | $125,000 | $125,000 |
| 5370.25 | 1 | $175,000 | $175,000 |
| 6599.52 | 1 | $135,000 | $135,000 |
| NA | 466 | $108,450,000 | $232,725 |