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 loans. Abington Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Providence, Worcester, and Barnstable Town among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Abington 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.
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Originations
81Origination Dollar Volume (All Markets)
$54,215,000Top 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) | 71 | $49,715,000 | $700,211 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 6 | $3,040,000 | $506,667 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 81 | $54,215,000 | $669,321 | $0 | 0.00% |
For 2022, Abington Bank's most frequently originated type of loan was Conventional, with 81 originations.
Loan Reason
For 2022, Abington Bank's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 81 | $54,215,000 | $669,321 | $0 | 0.00% |
For 2022, Abington Bank's most frequently cited loan duration was Other, with 81 originations.
Loan Sizing
2022 saw Abington Bank place emphasis on $200k-400k loans with 23 originations, totaling $7,135,000 in origination value.
Applicant Income
Abington Bank lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $150k-250k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 81 | $54,215,000 | $669,321 | $0 | 0.00% |
Abington Bank lent most frequently to those with DTI ratios of Exempt%, with 81 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.47%
Abington Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.48%
Abington Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 81 | $54,215,000 | $669,321 |