Middlesex Federal Savings F.a. Mortgage Rates, Fees & Info
Somerville, MALEI: 549300JPG4IUQOVV5C90
Tax ID: 04-1618915
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Middlesex Federal Savings F.a. is a smaller mortgage company specializing in Home Purchase and Refi loans. Middlesex Federal Savings F.a. has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Laconia, Barnstable Town, Worcester, and Keene among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Middlesex Federal Savings F.a. has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
97Origination Dollar Volume (All Markets)
$101,665,000Top 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) | 90 | $94,120,000 | $1,045,778 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $3,005,000 | $3,005,000 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 2 | $2,080,000 | $1,040,000 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $945,000 | $945,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $0 | 0.00% |
| Keene, NH (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Middlesex Federal Savings F.A. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 97 | $101,665,000 | $1,048,093 | $0 | 0.00% |
For 2022, Middlesex Federal Savings F.a.'s most frequently originated type of loan was Conventional, with 97 originations.
Loan Reason
For 2022, Middlesex Federal Savings F.a.'s most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Refi, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 97 | $101,665,000 | $1,048,093 | $0 | 0.00% |
For 2022, Middlesex Federal Savings F.a.'s most frequently cited loan duration was Other, with 97 originations.
Loan Sizing
2022 saw Middlesex Federal Savings F.a. place emphasis on $1MM+ loans with 33 originations, totaling $67,735,000 in origination value.
Applicant Income
Middlesex Federal Savings F.a. lent most frequently to those with incomes in the $150k-250k range, with 17 originations. The second most popular income band? $100k-150k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 97 | $101,665,000 | $1,048,093 | $0 | 0.00% |
Middlesex Federal Savings F.a. lent most frequently to those with DTI ratios of Exempt%, with 97 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.35%
Middlesex Federal Savings F.a. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination89.69%
Middlesex Federal Savings F.a. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 97 | $101,665,000 | $1,048,093 |