Lee Bank Mortgage Rates, Fees & Info
Lee, MALEI: 549300LV12W1ZFWAU543
Tax ID: 04-3158399
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Lee Bank is a smaller bank specializing in Home Purchase and Refi loans. Lee Bank has a high proportion of conventional loans. Their top markets by origination volume include: Pittsfield, Hudson, Torrington, Springfield, and Boston among others. We have data for 7 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.
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Originations
193Origination Dollar Volume (All Markets)
$64,655,000Top 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 |
|---|---|---|---|---|---|
| PITTSFIELD, MA (FHA|USDA|VA) | 180 | $59,400,000 | $330,000 | $0 | 0.00% |
| Hudson, NY (FHA|USDA|VA) | 4 | $1,720,000 | $430,000 | $0 | 0.00% |
| Torrington, CT (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 5 | $1,115,000 | $223,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 193 | $64,655,000 | $335,000 | $0 | 0.00% |
For 2022, Lee Bank's most frequently originated type of loan was Conventional, with 193 originations.
Loan Reason
For 2022, Lee Bank's most frequently cited loan purpose was Home Purchase, with 124 originations. The 2nd most popular reason was Refi, with 55 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 193 | $64,655,000 | $335,000 | $0 | 0.00% |
For 2022, Lee Bank's most frequently cited loan duration was Other, with 193 originations.
Loan Sizing
2022 saw Lee Bank place emphasis on $200k-400k loans with 81 originations, totaling $23,005,000 in origination value.
Applicant Income
Lee Bank lent most frequently to those with incomes in the $250k+ range, with 32 originations. The second most popular income band? $100k-150k, with 31 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 193 | $64,655,000 | $335,000 | $0 | 0.00% |
Lee Bank lent most frequently to those with DTI ratios of Exempt%, with 193 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.40%
Lee Bank has an average approval rate.
Pick Rate
Approvals leading to origination75.13%
Lee Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 193 | $64,655,000 | $335,000 |