Piscataqua Savings Bank Mortgage Rates, Fees & Info
Portsmouth, NHLEI: 549300HI3FIGFR7SU483
Tax ID: 02-0179065
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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 markets by origination volume include: Boston, Portland, and Manchester among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Piscataqua 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. 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.18% | 4/18/24 |
| 30 Year Conventional Refi | 6.33% | 4/18/24 |
| 15 Year Conventional Purchase | 5.53% | 4/18/24 |
| 15 Year Conventional Refi | 7.65% | 4/18/24 |
| 15 Year Cash-out Refi | 7.65% | 4/18/24 |
| 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
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This is not an official calculator from Piscataqua Savings Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
27Origination Dollar Volume (All Markets)
$13,795,000Awards
Piscataqua Savings Bank - 2023
Piscataqua Savings Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Piscataqua Savings Bank's average 30 year fixed mortgage rate was
5.74%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.74%.
Relative Fees (Closing Costs)
Piscataqua Savings Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,232.
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) | 20 | $10,960,000 | $548,000 | $4,218 | 5.81% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 6 | $2,190,000 | $365,000 | $4,426 | 5.67% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $3,542 | 4.75% |
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.
Similarity Rank: 40
Similarity Rank: 64
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Similarity Rank: 150
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Similarity Rank: 177
Similarity Rank: 195
Similarity Rank: 200
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 27 | $13,795,000 | $510,926 | $4,232 | 5.74% |
For 2023, Piscataqua Savings Bank's most frequently originated type of loan was Conventional, with 27 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 22 | $11,650,000 | $529,545 | $4,482 | 5.74% |
| Refi | 5 | $2,145,000 | $429,000 | $3,180 | 5.70% |
For 2023, Piscataqua Savings Bank's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 27 | $13,795,000 | $510,926 | $4,232 | 5.74% |
For 2023, Piscataqua Savings Bank's most frequently cited loan duration was 30 Year, with 27 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 17 | $9,275,000 | $545,588 |
| $<1k | 9 | $3,965,000 | $440,556 |
Piscataqua Savings Bank's average total fees were $4,232, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 17 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 12 | $6,690,000 | $557,500 |
| 4-5% | 9 | $4,305,000 | $478,333 |
| 7-8% | 3 | $1,085,000 | $361,667 |
| 6-7% | 2 | $1,100,000 | $550,000 |
| Over 8% | 1 | $615,000 | $615,000 |
During 2023, Piscataqua Savings Bank's average interest rate for loans was 5.74%, while their most frequently originated rate bucket for loans was 5-6%, with 12 originations.
Loan Sizing
2023 saw Piscataqua Savings Bank place emphasis on $400k-600k loans with 9 originations, totaling $4,665,000 in origination value.
Applicant Income
Piscataqua Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $150k-250k, with 8 originations.
Applicant Debt to Income Ratio
Piscataqua Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 5 originations. The next most common DTI ratio? 30-36%, with 4 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.89%
Piscataqua Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.89%
Piscataqua Savings Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 27 | $13,795,000 | $510,926 |