Abington Bank Mortgage Rates, Fees & Info
Abington, MALEI: 549300FR7PGHS5RN4G56
Tax ID: 04-1728400
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Abington Bank is a smaller bank specializing in Home Purchase and Refi loans. Abington Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Worcester, and Providence among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Abington Bank 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.
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Originations
9Origination Dollar Volume (All Markets)
$15,485,000Top 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) | 5 | $13,125,000 | $2,625,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 3 | $1,685,000 | $561,667 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 9 | $15,485,000 | $1,720,556 | $0 | 0.00% |
For 2023, Abington Bank's most frequently originated type of loan was Conventional, with 9 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 6 | $5,380,000 | $896,667 | $0 | 0.00% |
| Refi | 3 | $10,105,000 | $3,368,333 | $0 | 0.00% |
For 2023, Abington Bank's most frequently cited loan purpose was Home Purchase, with 6 originations. The 2nd most popular reason was Refi, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 9 | $15,485,000 | $1,720,556 | $0 | 0.00% |
For 2023, Abington Bank's most frequently cited loan duration was Other, with 9 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $600k-1MM | 4 | $3,140,000 | $785,000 | $0 | 0.00% |
| $1MM+ | 3 | $11,465,000 | $3,821,667 | $0 | 0.00% |
| $400k-600k | 2 | $880,000 | $440,000 | $0 | 0.00% |
2023 saw Abington Bank place emphasis on $600k-1MM loans with 4 originations, totaling $3,140,000 in origination value.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 9 | $15,485,000 | $1,720,556 | $0 | 0.00% |
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 9 | $15,485,000 | $1,720,556 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.67%
Abington Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination66.67%
Abington Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 9 | $15,485,000 | $1,720,556 |