Newburyport Five Cents Savings Bank Mortgage Rates, Fees & Info
Newburyport, MALEI: 549300JXG84BHZE66C26
Tax ID: 04-1669070
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Newburyport Five Cents Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Newburyport Five Cents Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Portland, Manchester, Laconia, and Worcester among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Newburyport Five Cents 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.
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Originations
136Origination Dollar Volume (All Markets)
$96,290,000Top 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) | 112 | $74,140,000 | $661,964 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 5 | $11,795,000 | $2,359,000 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 3 | $3,845,000 | $1,281,667 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $1,795,000 | $359,000 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 3 | $1,355,000 | $451,667 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $0 | 0.00% |
| Lebanon, NH-VT (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $0 | 0.00% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| Concord, NH (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 136 | $96,290,000 | $708,015 | $0 | 0.00% |
For 2023, Newburyport Five Cents Savings Bank's most frequently originated type of loan was Conventional, with 136 originations.
Loan Reason
For 2023, Newburyport Five Cents Savings Bank's most frequently cited loan purpose was Home Purchase, with 95 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 136 | $96,290,000 | $708,015 | $0 | 0.00% |
For 2023, Newburyport Five Cents Savings Bank's most frequently cited loan duration was Other, with 136 originations.
Loan Sizing
2023 saw Newburyport Five Cents Savings Bank place emphasis on $200k-400k loans with 34 originations, totaling $10,590,000 in origination value.
Applicant Income
Newburyport Five Cents Savings Bank lent most frequently to those with incomes in the $250k+ range, with 31 originations. The second most popular income band? $150k-250k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 136 | $96,290,000 | $708,015 | $0 | 0.00% |
Newburyport Five Cents Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 136 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.74%
Newburyport Five Cents Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination73.53%
Newburyport Five Cents Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 136 | $96,290,000 | $708,015 |