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, Concord, Laconia, and Manchester among others. We have data for 11 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.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.03% | 4/17/25 |
| 30 Year Conventional Purchase | 7.75% | 4/17/25 |
| 30 Year Conventional Refi | 6.94% | 4/17/25 |
| 30 Year Cash-out Refi | 7.02% | 4/17/25 |
| 30 Year USDA Purchase | 6.35% | 4/17/25 |
| 15 Year Conventional Purchase | 9.34% | 4/17/25 |
| 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. | ||
Sis Bancorp Mhc Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
309Origination Dollar Volume (All Markets)
$79,405,000Awards
SIS BANCORP MHC - 2024
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For 2024, 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
7.43%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.88%.
Relative Fees (Closing Costs)
Sis Bancorp Mhc's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,300.
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 $8,356.
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) | 198 | $52,220,000 | $263,737 | $3,935 | 8.23% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 52 | $13,720,000 | $263,846 | $2,664 | 8.53% |
| Outside of Metro Areas | 17 | $4,385,000 | $257,941 | $5,181 | 8.55% |
| Concord, NH (FHA|USDA|VA) | 17 | $2,455,000 | $144,412 | $5,393 | 8.55% |
| Laconia, NH (FHA|USDA|VA) | 6 | $2,410,000 | $401,667 | $1,985 | 8.65% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 8 | $1,490,000 | $186,250 | $2,956 | 8.33% |
| Keene, NH (FHA|USDA|VA) | 1 | $1,055,000 | $1,055,000 | $5,629 | 7.99% |
| BANGOR, ME (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $9,958 | 8.75% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 5 | $525,000 | $105,000 | $715 | 8.44% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 7.74% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.50% |
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: 70
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Similarity Rank: 220
Similarity Rank: 232
Similarity Rank: 240
Similarity Rank: 245
Similarity Rank: 280
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 172 | $35,350,000 | $205,523 | n/a | 8.32% |
| Conventional | 136 | $43,880,000 | $322,647 | $3,843 | 8.35% |
| USDA | 1 | $175,000 | $175,000 | $5,358 | 5.95% |
For 2024, Sis Bancorp Mhc's most frequently originated type of loan was HELOC, with 172 originations. Their 2nd most popular type was Conventional, with 136 originations.
Loan Reason
For 2024, Sis Bancorp Mhc's most frequently cited loan purpose was Other, with 133 originations. The 2nd most popular reason was Home Purchase, with 80 originations.
Loan Duration/Length
For 2024, Sis Bancorp Mhc's most frequently cited loan duration was Other, with 184 originations. The 2nd most popular length was 20 Year, with 43 originations.
Origination Fees/Closing Costs
Sis Bancorp Mhc's average total fees were $4,300, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 61 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 225 | $53,115,000 | $236,067 |
| 7-8% | 58 | $17,640,000 | $304,138 |
| 6-7% | 22 | $7,430,000 | $337,727 |
| 5-6% | 4 | $1,220,000 | $305,000 |
During 2024, Sis Bancorp Mhc's average interest rate for loans was 7.43%, while their most frequently originated rate bucket for loans was Over 8%, with 225 originations.
Loan Sizing
2024 saw Sis Bancorp Mhc place emphasis on $100k-200k loans with 98 originations, totaling $14,030,000 in origination value.
Applicant Income
Sis Bancorp Mhc lent most frequently to those with incomes in the $100k-150k range, with 81 originations. The second most popular income band? $150k-250k, with 78 originations.
Applicant Debt to Income Ratio
Sis Bancorp Mhc lent most frequently to those with DTI ratios of 30-36%, with 64 originations. The next most common DTI ratio? 44%, with 46 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.23%
Sis Bancorp Mhc has an average approval rate.
Pick Rate
Approvals leading to origination87.38%
Sis Bancorp Mhc has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1815.5 | 1 | $95,000 | $95,000 |
| 1928.91 | 1 | $105,000 | $105,000 |
| 3985.0 | 1 | $105,000 | $105,000 |
| NA | 306 | $79,100,000 | $258,497 |