Piscataqua Savings Bank Mortgage Rates, Fees & Info

Portsmouth, NH

LEI: 549300HI3FIGFR7SU483

Tax ID: 02-0179065

5 stars - Updated: 2/26/24 - out of 5 stars, based on 10 reviews

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

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Mortgage Data

Review & Overview

Piscataqua Savings Bank is a smaller bank specializing in Home Purchase loans. Piscataqua Savings Bank has a high proportion of conventional loans. Their top two markets are Boston and Portland .

Piscataqua Savings Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Piscataqua 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.

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 6.18% 2/26/24
30 Year Conventional Refi 6.33% 2/26/24
15 Year Conventional Purchase 5.53% 2/26/24
15 Year Conventional Refi 7.65% 2/26/24
15 Year Cash-out Refi 7.65% 2/26/24
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.

Piscataqua Savings Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Piscataqua 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

101

Origination Dollar Volume (All Markets)

$48,745,000

Relative Rate

Piscataqua Savings Bank's average 30 year fixed mortgage rate was 4.15%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.61%.

Relative Fees (Closing Costs)

Piscataqua Savings Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,114.

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 $4,750.

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) 72 $34,400,000 $477,778 $4,052 4.06%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 29 $14,345,000 $494,655 $4,448 4.35%
Piscataqua Savings Bank's top markets include Boston and Portland among others.

Their top states include:
  • New Hampshire (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • Similar Lenders

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

    CUSO MORTGAGE CORPORATION
    Similarity Rank: 450
    CASCO
    Similarity Rank: 452
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 474
    Kennebec Savings Bank
    Similarity Rank: 535
    Middlesex Savings Bank
    Similarity Rank: 560
    Bridgewater Savings Bank
    Similarity Rank: 576
    CUMBERLAND COUNTY
    Similarity Rank: 580
    Maine Community Bank
    Similarity Rank: 636

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 101 $48,745,000 $482,624 $4,169 4.15%

    For 2022, Piscataqua Savings Bank's most frequently originated type of loan was Conventional, with 101 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 71 $39,425,000 $555,282 $4,616 4.38%
    Refi 30 $9,320,000 $310,667 $3,156 3.60%

    For 2022, Piscataqua Savings Bank's most frequently cited loan purpose was Home Purchase, with 71 originations. The 2nd most popular reason was Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 90 $43,640,000 $484,889 $4,114 4.15%
    30+ year 6 $4,560,000 $760,000 $6,868 4.25%
    15 Year 5 $545,000 $109,000 $1,888 4.00%

    For 2022, Piscataqua Savings Bank's most frequently cited loan duration was 30 Year, with 90 originations. The 2nd most popular length was 30+ year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 53 $28,925,000 $545,755
    $<1k 38 $15,830,000 $416,579
    $2k-3k 4 $1,530,000 $382,500
    $3k-4k 2 $1,190,000 $595,000
    $5k+ 1 $315,000 $315,000

    Piscataqua Savings Bank's average total fees were $4,114, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 53 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 40 $17,230,000 $430,750
    4-5% 38 $19,170,000 $504,474
    5-6% 12 $4,970,000 $414,167
    2.5-3% 8 $6,000,000 $750,000
    6-7% 2 $1,260,000 $630,000
    <2.5% 1 $115,000 $115,000

    During 2022, Piscataqua Savings Bank's average interest rate for loans was 4.15%, while their most frequently originated rate bucket for loans was 3-4%, with 40 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 31 $9,275,000 $299,194 $3,946 4.14%
    $400k-600k 28 $14,060,000 $502,143 $4,174 4.44%
    $600k-1MM 27 $20,755,000 $768,704 $5,228 4.02%
    $100k-200k 10 $1,340,000 $134,000 $2,396 3.68%
    $100,000 or less 3 $235,000 $78,333 $1,997 4.58%
    $1MM+ 2 $3,080,000 $1,540,000 $5,175 3.62%

    2022 saw Piscataqua Savings Bank place emphasis on $200k-400k loans with 31 originations, totaling $9,275,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 38 $24,730,000 $650,789 $4,461 4.18%
    $100k-150k 21 $7,695,000 $366,429 $3,715 4.14%
    $150k-250k 21 $11,045,000 $525,952 $4,747 4.39%
    $75k-100k 9 $3,125,000 $347,222 $3,948 4.07%
    $50k-75k 8 $1,660,000 $207,500 $3,823 3.80%
    $50k or less 2 $250,000 $125,000 $2,624 3.50%

    Piscataqua Savings Bank lent most frequently to those with incomes in the $250k+ range, with 38 originations. The second most popular income band? $100k-150k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 23 $9,755,000 $424,130 $3,699 4.07%
    20-30% 20 $10,040,000 $502,000 $4,163 4.37%
    <20% 16 $8,290,000 $518,125 $4,410 4.06%
    38% 8 $3,000,000 $375,000 $4,479 4.38%
    39% 6 $2,510,000 $418,333 $4,634 3.88%
    37% 5 $2,085,000 $417,000 $4,251 4.48%
    42% 5 $3,055,000 $611,000 $4,907 4.13%
    40% 5 $2,575,000 $515,000 $3,860 3.60%
    41% 4 $2,680,000 $670,000 $5,950 4.69%
    36% 4 $1,600,000 $400,000 $3,345 3.69%
    43% 2 $910,000 $455,000 $4,060 5.06%
    >60% 1 $2,005,000 $2,005,000 $5,430 2.99%

    Piscataqua Savings Bank lent most frequently to those with DTI ratios of 30-36%, with 23 originations. The next most common DTI ratio? 20-30%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 82 $41,260,000 $503,171 $4,207 4.06%
    Not provided 16 $5,800,000 $362,500 $3,779 4.48%
    Black 2 $1,410,000 $705,000 $5,869 5.06%
    Asian 1 $275,000 $275,000 $3,582 4.13%

    Approval Rates

    Total approvals of all applications
    92.17%

    Piscataqua Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    98.02%

    Piscataqua Savings Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 101 $48,745,000 $482,624

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    101 $48,745,000 $482,624

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $2,415,000 $219,545 $2,674 3.40%
    40-60% 15 $5,325,000 $355,000 $4,148 4.20%
    60-80% 53 $30,445,000 $574,434 $4,581 4.14%
    80-100% 18 $9,780,000 $543,333 $4,319 4.53%
    Under 20% 4 $780,000 $195,000 $2,427 4.31%