Bridgewater Savings Bank Mortgage Rates, Fees & Info
Raynham, MALEI: 549300GBZNWRGLS7CP89
Tax ID: 04-1118820
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
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, Worcester, and Lebanon among others. We have data for 8 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 an average 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.94% | 4/20/24 |
| 30 Year Conventional Refi | 6.04% | 4/20/24 |
| 30 Year Cash-out Refi | 5.98% | 4/20/24 |
| 30 Year FHA Purchase | 6.76% | 4/20/24 |
| 30 Year VA Purchase | 6.46% | 4/20/24 |
| 15 Year Conventional Purchase | 4.54% | 4/20/24 |
| 15 Year Conventional Refi | 5.48% | 4/20/24 |
| 15 Year Cash-out Refi | 5.48% | 4/20/24 |
| 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
426Origination Dollar Volume (All Markets)
$182,120,000Awards
Bridgewater Savings Bank - 2023
Bridgewater Savings Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
Work for Bridgewater Savings Bank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Bridgewater Savings Bank's average 30 year fixed mortgage rate was
6.24%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.24%.
Relative Fees (Closing Costs)
Bridgewater Savings Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,767.
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 |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 299 | $147,735,000 | $494,097 | $4,002 | 6.79% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 109 | $27,745,000 | $254,541 | $4,105 | 6.82% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 4 | $2,510,000 | $627,500 | $3,977 | 6.21% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 8 | $2,320,000 | $290,000 | $3,603 | 6.49% |
| Lebanon, NH-VT (FHA|USDA|VA) | 2 | $1,110,000 | $555,000 | $3,683 | 6.63% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,650 | 7.06% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,851 | 7.50% |
| Outside of Metro Areas | 1 | $105,000 | $105,000 | $0 | 7.50% |
Their top states include:
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.
Similarity Rank: 40
Similarity Rank: 45
Similarity Rank: 48
Similarity Rank: 56
Similarity Rank: 75
Similarity Rank: 135
Similarity Rank: 160
Similarity Rank: 165
Similarity Rank: 177
Similarity Rank: 180
Product Mix
For 2023, Bridgewater Savings Bank's most frequently originated type of loan was Conventional, with 239 originations. Their 2nd most popular type was HELOC, with 175 originations.
Loan Reason
For 2023, Bridgewater Savings Bank's most frequently cited loan purpose was Home Purchase, with 184 originations. The 2nd most popular reason was Home Improvement, with 97 originations.
Loan Duration/Length
For 2023, Bridgewater Savings Bank's most frequently cited loan duration was 20 Year, with 191 originations. The 2nd most popular length was 30 Year, with 154 originations.
Origination Fees/Closing Costs
Bridgewater Savings Bank's average total fees were $4,767, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 136 originations.
Interest Rates
During 2023, Bridgewater Savings Bank's average interest rate for loans was 6.24%, while their most frequently originated rate bucket for loans was 7-8%, with 174 originations.
Loan Sizing
2023 saw Bridgewater Savings Bank place emphasis on $200k-400k loans with 114 originations, totaling $31,370,000 in origination value.
Applicant Income
Bridgewater Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 113 originations. The second most popular income band? $100k-150k, with 104 originations.
Applicant Debt to Income Ratio
Bridgewater Savings Bank lent most frequently to those with DTI ratios of 30-36%, with 79 originations. The next most common DTI ratio? 20-30%, with 54 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.43%
Bridgewater Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination74.18%
Bridgewater Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1125.0 | 1 | $155,000 | $155,000 |
| 375.0 | 32 | $4,380,000 | $136,875 |
| 875.0 | 1 | $105,000 | $105,000 |
| NA | 392 | $177,480,000 | $452,755 |