Newburyport Five Cents Savings Bank Mortgage Rates, Fees & Info

Newburyport, MA

LEI: 549300JXG84BHZE66C26

Tax ID: 04-1669070

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

Review & Overview

Newburyport Five Cents Savings Bank is a smaller bank specializing in Home Purchase 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 Concord among others. We have data for 8 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

228

Origination Dollar Volume (All Markets)

$135,370,000

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)	200	$116,410,000	$582,050	$0	0.00%
PORTLAND-SOUTH PORTLAND, ME (FHA\|USDA\|VA)	9	$7,915,000	$879,444	$0	0.00%
Outside of Metro Areas	6	$4,240,000	$706,667	$0	0.00%
MANCHESTER-NASHUA, NH (FHA\|USDA\|VA)	7	$3,655,000	$522,143	$0	0.00%
Laconia, NH (FHA\|USDA\|VA)	2	$2,140,000	$1,070,000	$0	0.00%
Concord, NH (FHA\|USDA\|VA)	2	$560,000	$280,000	$0	0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	1	$245,000	$245,000	$0	0.00%
WORCESTER, MA-CT (FHA\|USDA\|VA)	1	$205,000	$205,000	$0	0.00%

Newburyport Five Cents Savings Bank's top markets include Boston, Portland, Manchester, Laconia, and Concord among others.

Their top states include:

Massachusetts (FHA|USDA|VA)

New Hampshire (FHA|USDA|VA)

Maine (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	228	$135,370,000	$593,728	$0	0.00%

For 2022, Newburyport Five Cents Savings Bank's most frequently originated type of loan was Conventional, with 228 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	135	$87,805,000	$650,407	$0	0.00%
Cash Out Refi	39	$16,275,000	$417,308	$0	0.00%
Refi	29	$19,925,000	$687,069	$0	0.00%
Other	16	$7,340,000	$458,750	$0	0.00%
Home Improvement	9	$4,025,000	$447,222	$0	0.00%

For 2022, Newburyport Five Cents Savings Bank's most frequently cited loan purpose was Home Purchase, with 135 originations. The 2nd most popular reason was Cash Out Refi, with 39 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	228	$135,370,000	$593,728	$0	0.00%

For 2022, Newburyport Five Cents Savings Bank's most frequently cited loan duration was Other, with 228 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	73	$22,795,000	$312,260	$0	0.00%
$400k-600k	54	$25,980,000	$481,111	$0	0.00%
$600k-1MM	39	$30,125,000	$772,436	$0	0.00%
$1MM+	32	$52,600,000	$1,643,750	$0	0.00%
$100k-200k	22	$3,320,000	$150,909	$0	0.00%
$100,000 or less	8	$550,000	$68,750	$0	0.00%

2022 saw Newburyport Five Cents Savings Bank place emphasis on $200k-400k loans with 73 originations, totaling $22,795,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$250k+	44	$32,730,000	$743,864	$0	0.00%
$100k-150k	43	$15,345,000	$356,860	$0	0.00%
$150k-250k	33	$16,665,000	$505,000	$0	0.00%
$75k-100k	21	$6,025,000	$286,905	$0	0.00%
$50k-75k	17	$3,795,000	$223,235	$0	0.00%
$50k or less	4	$2,270,000	$567,500	$0	0.00%

Newburyport Five Cents Savings Bank lent most frequently to those with incomes in the $250k+ range, with 44 originations. The second most popular income band? $100k-150k, with 43 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	228	$135,370,000	$593,728	$0	0.00%

Newburyport Five Cents Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 228 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	123	$59,815,000	$486,301	$0	0.00%
Not applicable	65	$58,435,000	$899,000	$0	0.00%
Not provided	37	$15,925,000	$430,405	$0	0.00%
Black	2	$890,000	$445,000	$0	0.00%
Asian	1	$305,000	$305,000	$0	0.00%

Approval Rates

Total approvals of all applications
89.92%

Newburyport Five Cents Savings Bank has an average approval rate.

Pick Rate

Approvals leading to origination
83.77%

Newburyport Five Cents Savings Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	228	$135,370,000	$593,728

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	228	$135,370,000	$593,728