The National Grand Bank Of Marblehead Mortgage Rates, Fees & Info

Marblehead, MA

LEI: 549300LUOV7WW4BLH779

Tax ID: 04-2832782

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    The National Grand Bank Of Marblehead is a smaller bank specializing in Home Purchase and Refi loans. The National Grand Bank Of Marblehead has a high proportion of conventional loans. Their top (well, only) market is Boston.

    The National Grand Bank Of Marblehead 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

    41

    Origination Dollar Volume (All Markets)

    $27,535,000

    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) 41 $27,535,000 $671,585 $0 0.00%
    The National Grand Bank Of Marblehead's top markets include and Boston among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 41 $27,535,000 $671,585 $0 0.00%

    For 2023, The National Grand Bank Of Marblehead's most frequently originated type of loan was Conventional, with 41 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 27 $17,975,000 $665,741 $0 0.00%
    Refi 6 $7,040,000 $1,173,333 $0 0.00%
    Cash Out Refi 6 $2,370,000 $395,000 $0 0.00%
    Home Improvement 1 $105,000 $105,000 $0 0.00%
    Other 1 $45,000 $45,000 $0 0.00%

    For 2023, The National Grand Bank Of Marblehead's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 41 $27,535,000 $671,585 $0 0.00%

    For 2023, The National Grand Bank Of Marblehead's most frequently cited loan duration was Other, with 41 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 13 $9,825,000 $755,769 $0 0.00%
    $200k-400k 10 $3,150,000 $315,000 $0 0.00%
    $400k-600k 9 $4,305,000 $478,333 $0 0.00%
    $1MM+ 6 $10,000,000 $1,666,667 $0 0.00%
    $100k-200k 2 $210,000 $105,000 $0 0.00%
    $100,000 or less 1 $45,000 $45,000 $0 0.00%

    2023 saw The National Grand Bank Of Marblehead place emphasis on $600k-1MM loans with 13 originations, totaling $9,825,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 18 $18,030,000 $1,001,667 $0 0.00%
    $150k-250k 15 $7,425,000 $495,000 $0 0.00%
    $100k-150k 7 $1,795,000 $256,429 $0 0.00%

    The National Grand Bank Of Marblehead lent most frequently to those with incomes in the $250k+ range, with 18 originations. The second most popular income band? $150k-250k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 41 $27,535,000 $671,585 $0 0.00%

    The National Grand Bank Of Marblehead lent most frequently to those with DTI ratios of Exempt%, with 41 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 40 $27,250,000 $681,250 $0 0.00%
    Not applicable 1 $285,000 $285,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    The National Grand Bank Of Marblehead has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    95.12%

    The National Grand Bank Of Marblehead has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 41 $27,535,000 $671,585

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    41 $27,535,000 $671,585