Piscataqua Savings Bank Mortgage Rates, Fees & Info

Portsmouth, NH

LEI: 549300HI3FIGFR7SU483

Tax ID: 02-0179065

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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

    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% 4/28/24
    30 Year Conventional Refi 6.33% 4/28/24
    15 Year Conventional Purchase 5.53% 4/28/24
    15 Year Conventional Refi 7.65% 4/28/24
    15 Year Cash-out Refi 7.65% 4/28/24
    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

    Awards

    Piscataqua Savings Bank 30 Year Conventional Loans silver Piscataqua Savings Bank 30 Year Conventional Loans silver
    Show all (2) awards

    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.

    QUINCY CREDIT UNION
    Similarity Rank: 50
    Direct Federal Credit Union
    Similarity Rank: 115
    Sharon & Crescent United Credit Union
    Similarity Rank: 168
    Saco Valley Credit Union
    Similarity Rank: 176
    CUSO MORTGAGE CORPORATION
    Similarity Rank: 195
    Middlesex Savings Bank
    Similarity Rank: 195
    ALIGN CREDIT UNION
    Similarity Rank: 200
    Maine Community Bank
    Similarity Rank: 224
    Piscataqua Savings Bank
    Similarity Rank: 304
    TOWN & COUNTRY FEDERAL CREDIT UNION
    Similarity Rank: 335

    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%