Mutualone Bank Mortgage Rates, Fees & Info
Framingham, MALEI: 549300L1RVMMHUVKTQ94
Tax ID: 04-1339820
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Mortgage Data
Review & Overview
Mutualone Bank is a smaller bank specializing in Home Purchase loans. Mutualone Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Barnstable Town, Worcester, Miami, and Portland among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Mutualone 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.
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Originations
86Origination Dollar Volume (All Markets)
$133,780,000Top 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) | 63 | $110,245,000 | $1,749,921 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 4 | $7,210,000 | $1,802,500 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 9 | $5,365,000 | $596,111 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $3,460,000 | $1,730,000 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $2,205,000 | $2,205,000 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $1,610,000 | $805,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $1,485,000 | $1,485,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 86 | $133,780,000 | $1,555,581 | $0 | 0.00% |
For 2022, Mutualone Bank's most frequently originated type of loan was Conventional, with 86 originations.
Loan Reason
For 2022, Mutualone Bank's most frequently cited loan purpose was Home Purchase, with 59 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 | 86 | $133,780,000 | $1,555,581 | $0 | 0.00% |
For 2022, Mutualone Bank's most frequently cited loan duration was Other, with 86 originations.
Loan Sizing
2022 saw Mutualone Bank place emphasis on $1MM+ loans with 34 originations, totaling $111,040,000 in origination value.
Applicant Income
Mutualone Bank lent most frequently to those with incomes in the $150k-250k range, with 15 originations. The second most popular income band? $250k+, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 86 | $133,780,000 | $1,555,581 | $0 | 0.00% |
Mutualone Bank lent most frequently to those with DTI ratios of Exempt%, with 86 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.59%
Mutualone Bank has an average approval rate.
Pick Rate
Approvals leading to origination93.02%
Mutualone Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 86 | $133,780,000 | $1,555,581 |