Easthampton Savings Bank Mortgage Rates, Fees & Info
Easthampton, MALEI: 549300N38Q5YKSSV1106
Tax ID: 61-1570940
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Easthampton Savings Bank is a smaller bank specializing in loans. Easthampton Savings Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Springfield, Boston, Providence, Worcester, and Hartford among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Easthampton Savings Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Easthampton Savings Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.58% | 3/31/23 |
| 30 Year Conventional Refi | 6.20% | 3/31/23 |
| 30 Year Cash-out Refi | 5.89% | 3/31/23 |
| 30 Year FHA Purchase | 7.13% | 3/31/23 |
| 30 Year VA Purchase | 5.35% | 3/31/23 |
| 30 Year USDA Purchase | 6.27% | 3/31/23 |
| 15 Year Conventional Purchase | 5.03% | 3/31/23 |
| 15 Year Conventional Refi | 5.48% | 3/31/23 |
| 15 Year Cash-out Refi | 5.48% | 3/31/23 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Originations
514Origination Dollar Volume (All Markets)
$172,900,000Awards
Easthampton Savings Bank - 2022
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For 2022, less than of lenders were eligible for this award.
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Relative Rate
Easthampton Savings Bank's average 30 year fixed mortgage rate was
4.41%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.35%.
Relative Fees (Closing Costs)
Easthampton Savings Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,833.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| SPRINGFIELD, MA (FHA|USDA|VA) | 283 | $77,565,000 | $274,081 | $2,457 | 4.01% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 110 | $52,560,000 | $477,818 | $4,013 | 4.71% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 55 | $20,715,000 | $376,636 | $4,100 | 4.76% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 33 | $10,035,000 | $304,091 | $3,592 | 5.16% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 12 | $3,920,000 | $326,667 | $3,537 | 3.84% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 4 | $1,750,000 | $437,500 | $3,514 | 4.22% |
| Outside of Metro Areas | 5 | $1,705,000 | $341,000 | $3,597 | 5.58% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 4 | $1,230,000 | $307,500 | $3,121 | 5.56% |
| PITTSFIELD, MA (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $4,215 | 4.56% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $6,166 | 4.25% |
| Laconia, NH (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,540 | 5.13% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $9,036 | 4.99% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,487 | 4.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,832 | 3.75% |
| Key West, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,557 | 3.75% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against Easthampton Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 506 | $170,060,000 | $336,087 | $3,009 | 4.32% |
| FHA | 7 | $2,545,000 | $363,571 | $10,139 | 6.20% |
| VA | 1 | $295,000 | $295,000 | $4,277 | 5.63% |
For 2022, Easthampton Savings Bank's most frequently originated type of loan was Conventional, with 506 originations. Their 2nd most popular type was FHA, with 7 originations.
Loan Reason
For 2022, Easthampton Savings Bank's most frequently cited loan purpose was Home Purchase, with 330 originations. The 2nd most popular reason was Other, with 56 originations.
Loan Duration/Length
For 2022, Easthampton Savings Bank's most frequently cited loan duration was 30 Year, with 377 originations. The 2nd most popular length was 15 Year, with 67 originations.
Origination Fees/Closing Costs
Easthampton Savings Bank's average total fees were $3,833, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 414 originations.
Interest Rates
During 2022, Easthampton Savings Bank's average interest rate for loans was 4.41%, while their most frequently originated rate bucket for loans was 4-5%, with 214 originations.
Loan Sizing
2022 saw Easthampton Savings Bank place emphasis on $200k-400k loans with 205 originations, totaling $59,845,000 in origination value.
Applicant Income
Easthampton Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 123 originations. The second most popular income band? $150k-250k, with 106 originations.
Applicant Debt to Income Ratio
Easthampton Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 105 originations. The next most common DTI ratio? 30-36%, with 101 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.11%
Easthampton Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination74.90%
Easthampton Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 514 | $172,900,000 | $336,381 |