Easthampton Savings Bank Mortgage Rates, Fees & Info

Easthampton, MA

LEI: 549300N38Q5YKSSV1106

Tax ID: 61-1570940

5 stars - Updated: 9/18/23 - out of 5 stars, based on 23 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Easthampton Savings Bank is a smaller bank specializing in Home Purchase 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.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.58% 9/18/23
    30 Year Conventional Refi 6.20% 9/18/23
    30 Year Cash-out Refi 5.89% 9/18/23
    30 Year FHA Purchase 7.13% 9/18/23
    30 Year VA Purchase 5.35% 9/18/23
    30 Year USDA Purchase 6.27% 9/18/23
    15 Year Conventional Purchase 5.03% 9/18/23
    15 Year Conventional Refi 5.48% 9/18/23
    15 Year Cash-out Refi 5.48% 9/18/23
    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.

    Easthampton Savings Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Easthampton Savings Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    514

    Origination Dollar Volume (All Markets)

    $172,900,000

    Awards

    Easthampton Savings Bank 30 Year Conventional Loans gold
    Show all (1) awards

    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%
    Easthampton Savings Bank's top markets include Springfield, Boston, Providence, Worcester, and Hartford among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • 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.

    Freedom Credit Union
    Similarity Rank: 228
    POLISH NATIONAL
    Similarity Rank: 240
    ATHOL CREDIT UNION
    Similarity Rank: 276
    MEMBERS MORTGAGE COMPANY, INC.
    Similarity Rank: 304
    GREATER SPRINGFIELD CREDIT UNION
    Similarity Rank: 336
    Florence Bank
    Similarity Rank: 400
    Greenfield Savings Bank
    Similarity Rank: 435
    PeoplesBank
    Similarity Rank: 490
    Westfield Bank
    Similarity Rank: 525
    LUSO
    Similarity Rank: 528

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 330 $134,850,000 $408,636 $3,955 4.43%
    Other 56 $8,060,000 $143,929 $1,158 4.33%
    Refi 53 $11,505,000 $217,075 $1,363 3.90%
    Cash Out Refi 53 $14,035,000 $264,811 $2,955 4.19%
    Home Improvement 22 $4,450,000 $202,273 $1,004 4.57%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 377 $135,875,000 $360,411 $3,833 4.41%
    15 Year 67 $8,225,000 $122,761 $1,172 4.03%
    10 Year 46 $10,910,000 $237,174 $361 4.20%
    20 Year 10 $3,600,000 $360,000 $1,361 5.03%
    5 Year 7 $215,000 $30,714 $97 3.71%
    Other 7 $14,075,000 $2,010,714 $3,608 4.71%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 414 $124,620,000 $301,014
    $1k-2k 22 $5,440,000 $247,273
    $3k-4k 8 $3,010,000 $376,250
    $2k-3k 5 $1,575,000 $315,000
    $4k-5k 2 $820,000 $410,000
    $5k+ 2 $1,110,000 $555,000

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 214 $76,980,000 $359,720
    3-4% 149 $48,605,000 $326,208
    5-6% 67 $26,255,000 $391,866
    2.5-3% 48 $10,260,000 $213,750
    6-7% 29 $10,555,000 $363,966
    <2.5% 6 $80,000 $13,333
    7-8% 1 $165,000 $165,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 205 $59,845,000 $291,927 $3,565 4.29%
    $400k-600k 109 $51,795,000 $475,183 $4,086 4.63%
    $100k-200k 89 $14,115,000 $158,596 $2,497 4.12%
    $100,000 or less 69 $3,205,000 $46,449 $370 4.18%
    $600k-1MM 31 $21,745,000 $701,452 $4,874 4.61%
    $1MM+ 11 $22,195,000 $2,017,727 $6,328 4.82%

    2022 saw Easthampton Savings Bank place emphasis on $200k-400k loans with 205 originations, totaling $59,845,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 123 $37,155,000 $302,073 $3,269 4.49%
    $150k-250k 106 $41,840,000 $394,717 $3,158 4.49%
    $50k-75k 88 $17,310,000 $196,705 $2,911 4.03%
    $75k-100k 88 $22,040,000 $250,455 $3,037 4.26%
    $250k+ 46 $25,740,000 $559,565 $4,017 4.39%
    $50k or less 38 $4,950,000 $130,263 $2,273 3.97%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 105 $28,705,000 $273,381 $2,825 4.14%
    30-36% 101 $31,755,000 $314,406 $2,857 4.32%
    <20% 33 $7,795,000 $236,212 $2,383 4.14%
    41% 29 $10,735,000 $370,172 $3,609 4.34%
    38% 28 $6,720,000 $240,000 $2,438 4.20%
    42% 27 $8,105,000 $300,185 $3,039 4.70%
    40% 23 $8,545,000 $371,522 $3,586 4.10%
    44% 20 $6,780,000 $339,000 $3,806 4.17%
    39% 18 $5,360,000 $297,778 $2,896 4.37%
    36% 18 $5,850,000 $325,000 $3,074 4.41%
    37% 14 $3,550,000 $253,571 $2,521 4.33%
    49% 13 $5,055,000 $388,846 $3,531 4.51%
    43% 13 $5,505,000 $423,462 $3,949 4.84%
    46% 11 $3,385,000 $307,727 $3,827 4.06%
    48% 11 $3,355,000 $305,000 $4,133 4.62%
    47% 10 $3,350,000 $335,000 $3,858 4.55%
    45% 7 $2,025,000 $289,286 $2,991 3.98%
    50-60% 6 $2,190,000 $365,000 $9,258 6.06%
    >60% 1 $65,000 $65,000 $0 4.50%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 400 $115,220,000 $288,050 $3,016 4.26%
    Not applicable 22 $23,020,000 $1,046,364 $0 5.12%
    Not provided 38 $11,630,000 $306,053 $2,709 4.42%
    Black 28 $11,140,000 $397,857 $4,955 4.76%
    Asian 22 $8,970,000 $407,727 $3,417 4.57%
    Other Asian 1 $1,585,000 $1,585,000 $7,798 4.50%
    Asian Indian 2 $1,030,000 $515,000 $3,655 4.31%
    American Indian 1 $305,000 $305,000 $3,070 4.13%

    Approval Rates

    Total approvals of all applications
    90.11%

    Easthampton Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.90%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    514 $172,900,000 $336,381

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $6,615,000 $161,341 $1,719 4.27%
    40-60% 79 $23,585,000 $298,544 $2,764 4.04%
    60-80% 181 $76,205,000 $421,022 $3,573 4.38%
    80-100% 155 $61,625,000 $397,581 $4,259 4.53%
    Over 100% 1 $435,000 $435,000 $0 6.50%
    Under 20% 56 $4,240,000 $75,714 $302 4.17%