Lee Bank Mortgage Rates, Fees & Info

Lee, MA

LEI: 549300LV12W1ZFWAU543

Tax ID: 04-3158399

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

Jump to:

Mortgage Data

Review & Overview

Lee Bank is a smaller bank specializing in Home Purchase loans. Lee Bank has a high proportion of conventional loans. Their top markets by origination volume include: Pittsfield, Hudson, Albany, Worcester, and Springfield among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Lee 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.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

137

Origination Dollar Volume (All Markets)

$51,715,000

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
PITTSFIELD, MA (FHA|USDA|VA) 128 $48,460,000 $378,594 $0 0.00%
Hudson, NY (FHA|USDA|VA) 3 $1,415,000 $471,667 $0 0.00%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 2 $610,000 $305,000 $0 0.00%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
SPRINGFIELD, MA (FHA|USDA|VA) 2 $490,000 $245,000 $0 0.00%
Torrington, CT (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Lee Bank's top markets include Pittsfield, Hudson, Albany, Worcester, and Springfield among others.

Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 137 $51,715,000 $377,482 $0 0.00%

    For 2023, Lee Bank's most frequently originated type of loan was Conventional, with 137 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 111 $44,735,000 $403,018 $0 0.00%
    Refi 19 $6,065,000 $319,211 $0 0.00%
    Home Improvement 6 $900,000 $150,000 $0 0.00%
    Other 1 $15,000 $15,000 $0 0.00%

    For 2023, Lee Bank's most frequently cited loan purpose was Home Purchase, with 111 originations. The 2nd most popular reason was Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 137 $51,715,000 $377,482 $0 0.00%

    For 2023, Lee Bank's most frequently cited loan duration was Other, with 137 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 62 $16,840,000 $271,613 $0 0.00%
    $100k-200k 24 $3,640,000 $151,667 $0 0.00%
    $400k-600k 23 $11,305,000 $491,522 $0 0.00%
    $600k-1MM 15 $10,285,000 $685,667 $0 0.00%
    $100,000 or less 8 $440,000 $55,000 $0 0.00%
    $1MM+ 5 $9,205,000 $1,841,000 $0 0.00%

    2023 saw Lee Bank place emphasis on $200k-400k loans with 62 originations, totaling $16,840,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 30 $8,910,000 $297,000 $0 0.00%
    $150k-250k 29 $11,205,000 $386,379 $0 0.00%
    $250k+ 24 $17,990,000 $749,583 $0 0.00%
    $50k-75k 21 $3,975,000 $189,286 $0 0.00%
    $75k-100k 14 $3,050,000 $217,857 $0 0.00%
    $50k or less 5 $475,000 $95,000 $0 0.00%

    Lee Bank lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $150k-250k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 137 $51,715,000 $377,482 $0 0.00%

    Lee Bank lent most frequently to those with DTI ratios of Exempt%, with 137 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 104 $36,340,000 $349,423 $0 0.00%
    Not provided 17 $6,595,000 $387,941 $0 0.00%
    Not applicable 14 $6,110,000 $436,429 $0 0.00%
    Asian 2 $2,670,000 $1,335,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.74%

    Lee Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.72%

    Lee Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 137 $51,715,000 $377,482

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    137 $51,715,000 $377,482