The National Grand Bank Of Marblehead Mortgage Rates, Fees & Info
Marblehead, MALEI: 549300LUOV7WW4BLH779
Tax ID: 04-2832782
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The National Grand Bank Of Marblehead is a smaller bank specializing in Home Purchase and Cash Out 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
61Origination Dollar Volume (All Markets)
$38,585,000Top 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) | 61 | $38,585,000 | $632,541 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 61 | $38,585,000 | $632,541 | $0 | 0.00% |
For 2022, The National Grand Bank Of Marblehead's most frequently originated type of loan was Conventional, with 61 originations.
Loan Reason
For 2022, The National Grand Bank Of Marblehead's most frequently cited loan purpose was Home Purchase, with 37 originations. The 2nd most popular reason was Cash Out Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 61 | $38,585,000 | $632,541 | $0 | 0.00% |
For 2022, The National Grand Bank Of Marblehead's most frequently cited loan duration was Other, with 61 originations.
Loan Sizing
2022 saw The National Grand Bank Of Marblehead place emphasis on $600k-1MM loans with 24 originations, totaling $17,720,000 in origination value.
Applicant Income
The National Grand Bank Of Marblehead lent most frequently to those with incomes in the $250k+ range, with 23 originations. The second most popular income band? $150k-250k, with 21 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 61 | $38,585,000 | $632,541 | $0 | 0.00% |
The National Grand Bank Of Marblehead lent most frequently to those with DTI ratios of Exempt%, with 61 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.48%
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 origination93.44%
The National Grand Bank Of Marblehead has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 61 | $38,585,000 | $632,541 |