Bridgewater Savings Bank Mortgage Rates, Fees & Info

Raynham, MA

LEI: 549300GBZNWRGLS7CP89

Tax ID: 04-1118820

5 stars - Updated: 7/7/25 - out of 5 stars, based on 14 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Bridgewater Savings Bank is a smaller bank specializing in Home Purchase loans. Bridgewater Savings Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Boston, Providence, Barnstable Town, Laconia, and Worcester among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bridgewater 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. Bridgewater Savings Bank 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 about average 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.41% 7/7/25
    30 Year Conventional Refi 6.47% 7/7/25
    30 Year Cash-out Refi 6.66% 7/7/25
    30 Year FHA Purchase 6.89% 7/7/25
    30 Year VA Purchase 5.91% 7/7/25
    15 Year Conventional Purchase 3.24% 7/7/25
    15 Year Conventional Refi 5.50% 7/7/25
    15 Year Cash-out Refi 5.50% 7/7/25
    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.

    Bridgewater Savings Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Bridgewater Savings Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    201

    Origination Dollar Volume (All Markets)

    $106,465,000

    Awards

    Bridgewater Savings Bank 30 Year Conventional Loans gold Bridgewater Savings Bank 30 Year Conventional Loans gold Bridgewater Savings Bank 30 Year Conventional Loans silver
    Show all (3) awards

    Relative Rate

    Bridgewater Savings Bank's average 30 year fixed mortgage rate was 6.3%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.25%.

    Relative Fees (Closing Costs)

    Bridgewater Savings Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,259.

    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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 127 $68,735,000 $541,220 $3,569 6.73%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 62 $32,610,000 $525,968 $4,296 6.80%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 6 $2,120,000 $353,333 $2,898 7.19%
    Laconia, NH (FHA|USDA|VA) 1 $1,495,000 $1,495,000 $5,831 6.25%
    WORCESTER, MA-CT (FHA|USDA|VA) 2 $1,080,000 $540,000 $4,032 6.44%
    SPRINGFIELD, MA (FHA|USDA|VA) 3 $425,000 $141,667 $2,220 4.42%
    Bridgewater Savings Bank's top markets include Boston, Providence, Barnstable Town, Laconia, and Worcester among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Bridgewater Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    OCEAN STATE CREDIT UNION
    Similarity Rank: 63
    SOMERSET
    Similarity Rank: 72
    Piscataqua Savings Bank
    Similarity Rank: 100
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 108
    Southern Mass Credit Union
    Similarity Rank: 112
    Centreville Bank
    Similarity Rank: 120
    The Washington Trust Company, of Westerly
    Similarity Rank: 240
    Sharon & Crescent United Credit Union
    Similarity Rank: 245
    CENTRAL ONE FEDERAL CREDIT UNION
    Similarity Rank: 299
    St. Mary's Credit Union
    Similarity Rank: 355

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 194 $102,470,000 $528,196 $3,267 6.74%
    FHA 5 $2,785,000 $557,000 $13,697 6.25%
    VA 2 $1,210,000 $605,000 $11,433 6.00%

    For 2024, Bridgewater Savings Bank's most frequently originated type of loan was Conventional, with 194 originations. Their 2nd most popular type was FHA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 143 $84,975,000 $594,231 $4,517 6.55%
    Refi 20 $12,850,000 $642,500 $2,662 6.72%
    Home Improvement 15 $1,775,000 $118,333 $603 7.88%
    Cash Out Refi 13 $4,105,000 $315,769 $2,977 6.77%
    Other 10 $2,760,000 $276,000 $1,359 7.39%

    For 2024, Bridgewater Savings Bank's most frequently cited loan purpose was Home Purchase, with 143 originations. The 2nd most popular reason was Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 119 $55,405,000 $465,588 $4,259 6.30%
    Other 35 $28,395,000 $811,286 $0 7.39%
    10 Year 18 $9,200,000 $511,111 $186 7.46%
    20 Year 11 $2,615,000 $237,727 $2,676 7.42%
    15 Year 9 $2,575,000 $286,111 $1,613 5.60%
    1 Year 6 $6,950,000 $1,158,333 $0 8.92%
    5 Year 3 $1,325,000 $441,667 $0 7.47%

    For 2024, Bridgewater Savings Bank's most frequently cited loan duration was 30 Year, with 119 originations. The 2nd most popular length was Other, with 35 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 102 $38,300,000 $375,490
    $1k-2k 28 $16,030,000 $572,500
    $2k-3k 6 $2,060,000 $343,333
    $3k-4k 4 $1,540,000 $385,000
    $5k+ 2 $1,090,000 $545,000

    Bridgewater Savings Bank's average total fees were $4,259, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 102 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 113 $51,595,000 $456,593
    7-8% 34 $20,300,000 $597,059
    5-6% 26 $9,890,000 $380,385
    Over 8% 22 $24,330,000 $1,105,909
    <2.5% 5 $155,000 $31,000
    4-5% 1 $195,000 $195,000

    During 2024, Bridgewater Savings Bank's average interest rate for loans was 6.30%, while their most frequently originated rate bucket for loans was 6-7%, with 113 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 55 $26,725,000 $485,909 $4,354 6.57%
    $200k-400k 50 $16,070,000 $321,400 $3,440 6.51%
    $600k-1MM 31 $22,365,000 $721,452 $6,826 6.99%
    $100,000 or less 26 $1,400,000 $53,846 $226 6.13%
    $100k-200k 22 $3,470,000 $157,727 $2,063 7.18%
    $1MM+ 17 $36,435,000 $2,143,235 $5,250 7.67%

    2024 saw Bridgewater Savings Bank place emphasis on $400k-600k loans with 55 originations, totaling $26,725,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 58 $25,620,000 $441,724 $4,793 6.58%
    $100k-150k 49 $16,115,000 $328,878 $2,974 6.79%
    $75k-100k 21 $5,555,000 $264,524 $2,756 6.15%
    $250k+ 20 $14,380,000 $719,000 $4,043 6.81%
    $50k-75k 13 $1,935,000 $148,846 $2,714 5.49%
    $50k or less 5 $405,000 $81,000 $2,180 5.38%

    Bridgewater Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 58 originations. The second most popular income band? $100k-150k, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 28 $11,920,000 $425,714 $3,540 6.45%
    30-36% 24 $9,730,000 $405,417 $3,432 6.71%
    44% 17 $5,805,000 $341,471 $3,739 5.51%
    42% 12 $3,860,000 $321,667 $3,892 6.03%
    49% 10 $3,670,000 $367,000 $3,666 6.75%
    <20% 9 $3,355,000 $372,778 $3,546 6.60%
    43% 9 $4,295,000 $477,222 $4,267 6.61%
    45% 9 $3,415,000 $379,444 $3,031 6.86%
    48% 8 $3,070,000 $383,750 $2,915 7.17%
    38% 8 $2,330,000 $291,250 $5,174 6.12%
    41% 5 $1,375,000 $275,000 $2,665 6.42%
    37% 5 $1,175,000 $235,000 $2,121 7.02%
    46% 5 $2,145,000 $429,000 $6,518 6.05%
    47% 5 $2,245,000 $449,000 $3,602 6.40%
    36% 4 $2,830,000 $707,500 $3,629 6.88%
    39% 3 $1,345,000 $448,333 $3,222 6.54%
    40% 2 $130,000 $65,000 $475 7.25%
    50-60% 1 $655,000 $655,000 $15,488 6.63%

    Bridgewater Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 28 originations. The next most common DTI ratio? 30-36%, with 24 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 123 $47,855,000 $389,065 $3,654 6.34%
    Not applicable 33 $41,535,000 $1,258,636 $0 7.82%
    Not provided 29 $10,685,000 $368,448 $3,414 7.11%
    Black 8 $2,520,000 $315,000 $6,381 6.78%
    Asian 3 $1,655,000 $551,667 $4,286 6.33%
    Other Asian 2 $1,090,000 $545,000 $4,432 6.69%
    Asian Indian 2 $810,000 $405,000 $3,647 6.37%
    Native Hawaiian or Islander 1 $315,000 $315,000 $0 7.31%

    Approval Rates

    Total approvals of all applications
    89.33%

    Bridgewater Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.13%

    Bridgewater Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    375.0 18 $2,600,000 $144,444
    NA 183 $103,865,000 $567,568

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    201 $106,465,000 $529,677

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $7,470,000 $415,000 $3,240 7.06%
    40-60% 36 $13,250,000 $368,056 $3,558 6.39%
    60-80% 79 $65,685,000 $831,456 $4,346 6.97%
    80-100% 35 $16,485,000 $471,000 $5,689 6.46%
    Under 20% 33 $3,575,000 $108,333 $405 6.59%