Adams Community Bank Mortgage Rates, Fees & Info

Adams, MA

LEI: 549300J5W91RLNLMTL86

Tax ID: 04-1851620

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

    Adams Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Adams Community Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Pittsfield, Hudson, Springfield, Bennington, and Boston among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Adams Community 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. Adams Community 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 6.21% 12/30/24
    30 Year Conventional Refi 6.39% 12/30/24
    30 Year VA Purchase 6.51% 12/30/24
    30 Year USDA Purchase 7.20% 12/30/24
    15 Year Conventional Purchase 5.94% 12/30/24
    15 Year Conventional Refi 6.03% 12/30/24
    15 Year Cash-out Refi 6.03% 12/30/24
    15 Year VA Refi 5.68% 12/30/24
    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.

    Adams Community Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Adams Community 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

    543

    Origination Dollar Volume (All Markets)

    $158,495,000
    Show all (6) 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
    PITTSFIELD, MA (FHA|USDA|VA) 499 $140,075,000 $280,711 $2,702 4.05%
    Hudson, NY (FHA|USDA|VA) 3 $7,105,000 $2,368,333 $53,649 3.63%
    SPRINGFIELD, MA (FHA|USDA|VA) 14 $3,990,000 $285,000 $2,536 3.85%
    Bennington, VT (FHA|USDA|VA) 15 $3,005,000 $200,333 $2,458 3.95%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 3 $1,685,000 $561,667 $2,916 4.33%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $910,000 $455,000 $3,907 3.25%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $445,000 $445,000 $2,771 3.88%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $430,000 $215,000 $2,937 4.50%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $315,000 $315,000 $7,524 5.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $285,000 $285,000 $4,303 3.25%
    Outside of Metro Areas 1 $145,000 $145,000 $3,462 2.75%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $105,000 $105,000 $2,875 4.50%
    Adams Community Bank's top markets include Pittsfield, Hudson, Springfield, Bennington, and Boston among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Vermont (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)

    • Similar Lenders

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

    GREYLOCK
    Similarity Rank: 39
    VERMONT STATE EMPLOYEES
    Similarity Rank: 66
    Freedom Credit Union
    Similarity Rank: 78
    MountainOne Bank
    Similarity Rank: 100
    ARRHA Credit Union
    Similarity Rank: 105
    POLISH NATIONAL
    Similarity Rank: 130
    LUSO
    Similarity Rank: 144
    Florence Bank
    Similarity Rank: 150
    Greenfield Savings Bank
    Similarity Rank: 160
    Country Bank for Savings
    Similarity Rank: 180

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 539 $157,475,000 $292,161 $2,903 4.04%
    VA 2 $680,000 $340,000 $7,218 3.50%
    USDA 2 $340,000 $170,000 $3,821 3.63%

    For 2022, Adams Community Bank's most frequently originated type of loan was Conventional, with 539 originations. Their 2nd most popular type was VA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 372 $117,480,000 $315,806 $3,171 4.03%
    Refi 123 $35,395,000 $287,764 $3,151 3.76%
    Home Improvement 27 $3,715,000 $137,593 $819 4.75%
    Other 21 $1,905,000 $90,714 $555 4.95%

    For 2022, Adams Community Bank's most frequently cited loan purpose was Home Purchase, with 372 originations. The 2nd most popular reason was Refi, with 123 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 400 $117,590,000 $293,975 $3,022 4.00%
    15 Year 73 $12,485,000 $171,027 $1,343 4.15%
    30+ year 26 $15,840,000 $609,231 $3,649 3.87%
    20 Year 22 $9,180,000 $417,273 $14,075 4.46%
    10 Year 15 $1,265,000 $84,333 $613 4.41%
    Other 7 $2,135,000 $305,000 $2,278 3.38%

    For 2022, Adams Community Bank's most frequently cited loan duration was 30 Year, with 400 originations. The 2nd most popular length was 15 Year, with 73 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 476 $140,740,000 $295,672
    $1k-2k 2 $600,000 $300,000
    $3k-4k 1 $645,000 $645,000
    $5k+ 1 $6,005,000 $6,005,000

    Adams Community Bank's average total fees were $3,022, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 476 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 290 $96,880,000 $334,069
    4-5% 114 $32,770,000 $287,456
    5-6% 67 $12,605,000 $188,134
    2.5-3% 47 $10,535,000 $224,149
    6-7% 16 $3,350,000 $209,375
    <2.5% 9 $2,355,000 $261,667

    During 2022, Adams Community Bank's average interest rate for loans was 4.00%, while their most frequently originated rate bucket for loans was 3-4%, with 290 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 188 $50,870,000 $270,585 $2,924 4.06%
    $100k-200k 174 $26,280,000 $151,034 $2,577 4.00%
    $100,000 or less 73 $4,435,000 $60,753 $738 4.49%
    $400k-600k 63 $29,175,000 $463,095 $3,412 3.75%
    $600k-1MM 31 $21,895,000 $706,290 $3,965 3.68%
    $1MM+ 14 $25,840,000 $1,845,714 $11,930 4.04%

    2022 saw Adams Community Bank place emphasis on $200k-400k loans with 188 originations, totaling $50,870,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 118 $29,110,000 $246,695 $2,468 4.06%
    $50k-75k 117 $20,905,000 $178,675 $2,492 3.95%
    $75k-100k 85 $16,565,000 $194,882 $2,429 4.16%
    $150k-250k 83 $29,675,000 $357,530 $3,120 4.07%
    $250k+ 80 $52,960,000 $662,000 $4,990 3.95%
    $50k or less 52 $7,070,000 $135,962 $2,271 3.93%

    Adams Community Bank lent most frequently to those with incomes in the $100k-150k range, with 118 originations. The second most popular income band? $50k-75k, with 117 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 139 $40,545,000 $291,691 $3,375 3.98%
    30-36% 102 $28,960,000 $283,922 $2,805 4.10%
    <20% 62 $19,550,000 $315,323 $2,846 3.80%
    38% 28 $6,810,000 $243,214 $2,430 4.06%
    41% 22 $7,450,000 $338,636 $2,763 4.00%
    44% 22 $6,410,000 $291,364 $2,637 3.93%
    42% 21 $4,085,000 $194,524 $2,350 4.11%
    37% 19 $6,695,000 $352,368 $2,970 4.50%
    40% 15 $4,575,000 $305,000 $2,687 3.98%
    43% 15 $4,785,000 $319,000 $2,923 3.58%
    50-60% 14 $4,160,000 $297,143 $2,631 4.21%
    39% 13 $4,755,000 $365,769 $2,767 4.11%
    48% 12 $2,140,000 $178,333 $2,259 4.13%
    46% 11 $6,825,000 $620,455 $4,060 4.14%
    45% 11 $3,085,000 $280,455 $2,737 3.86%
    36% 10 $2,520,000 $252,000 $2,150 4.01%
    49% 7 $1,625,000 $232,143 $4,539 4.50%
    47% 5 $815,000 $163,000 $3,486 3.88%
    >60% 3 $765,000 $255,000 $2,566 3.33%

    Adams Community Bank lent most frequently to those with DTI ratios of 20-30%, with 139 originations. The next most common DTI ratio? 30-36%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 451 $128,665,000 $285,288 $2,760 4.02%
    Not provided 62 $23,670,000 $381,774 $4,516 4.05%
    Asian 7 $2,125,000 $303,571 $2,465 3.39%
    Black 11 $1,835,000 $166,818 $2,049 4.11%
    American Indian 6 $1,130,000 $188,333 $2,409 4.10%
    Not applicable 5 $815,000 $163,000 $0 5.95%
    Other Asian 1 $255,000 $255,000 $3,693 3.25%

    Approval Rates

    Total approvals of all applications
    89.46%

    Adams Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.29%

    Adams Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 543 $158,495,000 $291,888

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    543 $158,495,000 $291,888

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $4,250,000 $132,813 $1,596 4.15%
    40-60% 53 $20,085,000 $378,962 $4,644 3.97%
    60-80% 195 $55,035,000 $282,231 $2,981 4.01%
    80-100% 229 $77,255,000 $337,358 $3,084 3.95%
    Over 100% 1 $295,000 $295,000 $10,338 3.13%
    Under 20% 33 $1,575,000 $47,727 $156 4.84%