Easthampton Savings Bank Mortgage Rates, Fees & Info

Easthampton, MA

LEI: 549300N38Q5YKSSV1106

Tax ID: 61-1570940

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Easthampton Savings Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Easthampton Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Providence, Hartford, Barnstable Town, and Pittsfield among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Easthampton Savings 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. 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.58% 12/30/24
    30 Year Conventional Refi 6.20% 12/30/24
    30 Year Cash-out Refi 5.89% 12/30/24
    30 Year FHA Purchase 7.13% 12/30/24
    30 Year VA Purchase 5.35% 12/30/24
    30 Year USDA Purchase 6.27% 12/30/24
    15 Year Conventional Purchase 5.03% 12/30/24
    15 Year Conventional Refi 5.48% 12/30/24
    15 Year Cash-out Refi 5.48% 12/30/24
    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

    442

    Origination Dollar Volume (All Markets)

    $111,900,000

    Employee count

    198

    Awards

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

    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) 427 $106,595,000 $249,637 $2,683 3.16%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $950,000 $475,000 $3,585 3.13%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 3 $935,000 $311,667 $3,081 2.92%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $620,000 $310,000 $2,864 3.06%
    Outside of Metro Areas 2 $590,000 $295,000 $4,147 3.06%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $545,000 $545,000 $4,053 2.88%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $525,000 $525,000 $4,363 3.13%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $425,000 $425,000 $3,351 3.13%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $325,000 $325,000 $0 3.63%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $255,000 $255,000 $3,665 2.75%
    Bennington, VT (FHA|USDA|VA) 1 $135,000 $135,000 $3,105 3.00%
    Easthampton Savings Bank's top markets include Springfield, Providence, Hartford, Barnstable Town, and Pittsfield among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Vermont (FHA|USDA|VA)
  • Maine (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.

    SOMERSET
    Similarity Rank: 87
    Homestar Mortgage, Inc.
    Similarity Rank: 156
    Freedom Credit Union
    Similarity Rank: 266
    GREATER SPRINGFIELD CREDIT UNION
    Similarity Rank: 336
    SIKORSKY FINANCIAL
    Similarity Rank: 354
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 396
    Florence Bank
    Similarity Rank: 400
    OCEAN STATE CREDIT UNION
    Similarity Rank: 405
    Sanborn Mortgage Corporation
    Similarity Rank: 435
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 474

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 442 $111,900,000 $253,167 $2,711 3.16%

    For 2021, Easthampton Savings Bank's most frequently originated type of loan was Conventional, with 442 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 158 $57,170,000 $361,835 $3,384 3.25%
    Refi 128 $25,060,000 $195,781 $2,334 2.98%
    Cash Out Refi 124 $26,970,000 $217,500 $2,789 3.12%
    Other 22 $2,080,000 $94,545 $1,135 3.53%
    Home Improvement 10 $620,000 $62,000 $1,131 3.46%

    For 2021, Easthampton Savings Bank's most frequently cited loan purpose was Home Purchase, with 158 originations. The 2nd most popular reason was Refi, with 128 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 276 $67,090,000 $243,080 $3,128 3.21%
    15 Year 102 $33,540,000 $328,824 $2,356 2.89%
    10 Year 31 $4,855,000 $156,613 $366 3.45%
    20 Year 20 $4,590,000 $229,500 $2,577 3.21%
    Other 7 $1,685,000 $240,714 $2,802 3.21%
    5 Year 6 $140,000 $23,333 $99 3.50%

    For 2021, Easthampton Savings Bank's most frequently cited loan duration was 30 Year, with 276 originations. The 2nd most popular length was 15 Year, with 102 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 253 $50,025,000 $197,727
    $1k-2k 139 $34,145,000 $245,647
    $2k-3k 5 $1,375,000 $275,000
    $4k-5k 3 $685,000 $228,333
    $3k-4k 1 $335,000 $335,000

    Easthampton Savings Bank's average total fees were $3,128, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 253 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 216 $45,620,000 $211,204
    3-4% 209 $62,785,000 $300,407
    4-5% 14 $2,130,000 $152,143
    <2.5% 3 $1,365,000 $455,000

    During 2021, Easthampton Savings Bank's average interest rate for loans was 3.21%, while their most frequently originated rate bucket for loans was 2.5-3%, with 216 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 190 $51,790,000 $272,579 $3,098 3.15%
    $100k-200k 164 $24,790,000 $151,159 $2,572 3.08%
    $100,000 or less 54 $3,190,000 $59,074 $1,223 3.37%
    $400k-600k 28 $13,110,000 $468,214 $3,598 3.10%
    $1MM+ 3 $16,705,000 $5,568,333 $0 3.71%
    $600k-1MM 3 $2,315,000 $771,667 $0 3.57%

    2021 saw Easthampton Savings Bank place emphasis on $200k-400k loans with 190 originations, totaling $51,790,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 112 $23,880,000 $213,214 $2,714 3.18%
    $50k-75k 90 $17,430,000 $193,667 $2,939 3.15%
    $75k-100k 79 $15,815,000 $200,190 $2,643 3.09%
    $50k or less 63 $7,955,000 $126,270 $2,185 3.20%
    $150k-250k 62 $18,500,000 $298,387 $2,764 3.09%
    $250k+ 19 $6,775,000 $356,579 $3,303 3.05%

    Easthampton Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 112 originations. The second most popular income band? $50k-75k, with 90 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 126 $26,540,000 $210,635 $2,758 3.08%
    <20% 67 $14,265,000 $212,910 $2,552 3.05%
    30-36% 65 $13,145,000 $202,231 $2,533 3.19%
    42% 19 $3,715,000 $195,526 $2,207 3.24%
    44% 18 $3,520,000 $195,556 $3,009 3.25%
    40% 17 $3,655,000 $215,000 $2,531 3.31%
    47% 14 $3,520,000 $251,429 $3,018 3.04%
    39% 14 $2,870,000 $205,000 $2,510 3.04%
    37% 13 $3,355,000 $258,077 $3,459 3.11%
    41% 13 $2,055,000 $158,077 $2,492 3.43%
    36% 10 $2,040,000 $204,000 $2,609 3.21%
    46% 9 $1,985,000 $220,556 $2,977 3.04%
    43% 8 $1,790,000 $223,750 $3,432 3.02%
    38% 8 $1,540,000 $192,500 $2,485 3.08%
    45% 7 $1,325,000 $189,286 $2,824 2.98%
    48% 6 $2,010,000 $335,000 $3,196 3.31%
    49% 4 $1,310,000 $327,500 $3,677 3.13%
    50-60% 2 $500,000 $250,000 $2,698 3.13%

    Easthampton Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 126 originations. The next most common DTI ratio? <20%, with 67 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 389 $81,635,000 $209,859 $2,697 3.15%
    Not applicable 10 $19,860,000 $1,986,000 $0 3.82%
    Not provided 26 $5,770,000 $221,923 $2,706 3.00%
    Black 9 $2,535,000 $281,667 $3,188 3.17%
    Asian 7 $1,985,000 $283,571 $2,992 3.14%
    American Indian 1 $115,000 $115,000 $2,154 3.13%

    Approval Rates

    Total approvals of all applications
    88.62%

    Easthampton Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.32%

    Easthampton Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 442 $111,900,000 $253,167

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    442 $111,900,000 $253,167

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 48 $5,770,000 $120,208 $2,119 3.03%
    40-60% 116 $23,120,000 $199,310 $2,560 2.93%
    60-80% 168 $60,690,000 $361,250 $2,987 3.27%
    80-100% 84 $21,020,000 $250,238 $3,417 3.15%
    Under 20% 26 $1,300,000 $50,000 $610 3.63%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Easthampton Savings Bank 134 College Highway Southampton, MA 1073 Full Service B&M $103,641
    Easthampton Savings Bank 170 Sargeant Street Holyoke, MA 1040 Full Service B&M $21,308
    Easthampton Savings Bank 175 State Street, Intersection Rt. 202 &21 Belchertown, MA 1007 Full Service B&M $40,473
    Easthampton Savings Bank 21 Locust Street Northampton, MA 1060 Full Service B&M $91,604
    Easthampton Savings Bank 241 Northampton Street Easthampton, MA 1027 Full Service B&M $74,738
    Easthampton Savings Bank 253 Triangle Street Amherst, MA 1002 Full Service B&M $17,221
    Easthampton Savings Bank 297 King Street Northampton, MA 1060 Full Service B&M $85,369
    Easthampton Savings Bank 36 Main St Easthampton, MA 1027 Full Service B&M $613,441
    Easthampton Savings Bank 605 Granby Road South Hadley, MA 1075 Full Service B&M $80,291
    Easthampton Savings Bank 70 East Street Hadley, MA 1035 Full Service B&M $123,824
    Easthampton Savings Bank 770 Main Street Agawam, MA 1001 Full Service B&M $71,880
    Easthampton Savings Bank 85 Broad Street Westfield, MA 1085 Full Service B&M $76,228

    For 2021, Easthampton Savings Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $51,804
    Net interest income $46,048
    Total noninterest income $9,620
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,186
    Trading account gains and fees $0
    Additional Noninterest Income $7,434
    Pre-tax net operating income $19,913
    Securities gains (or losses, -) $-37
    Income before extraordinary items $14,754
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $14,754
    Minority interest net income $0
    Net income $14,754
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $14,783

    Easthampton Savings Bank's gross interest income from loans was $51,804,000.
    Easthampton Savings Bank's net interest income from loans was $46,048,000.
    Easthampton Savings Bank's fee based income from loans was $2,186,000.
    Easthampton Savings Bank's net income from loans was $14,754,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,756
    Provision for credit losses $3,499
    Total noninterest expense $32,256
    Salaries and employee benefits $17,808
    Premises and equipment expense $3,967
    Additional noninterest expense $10,481
    Applicable income taxes $5,122
    Net charge-offs $-22
    Cash dividends $0

    Easthampton Savings Bank's interest expense for loans was $5,756,000.
    Easthampton Savings Bank's payroll and benefits expense were $17,808,000.
    Easthampton Savings Bank's property, plant and equipment expenses $3,967,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,436,363
    Deposits held in domestic offices $1,436,363
    Deposits by Individuals, partnerships, and corporations $1,209,753
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $219,342
    Deposits by Commercial banks and other depository institutions in U.S. $7,269
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $181,008
    Demand deposits $40,783
    Nontransaction accounts $1,255,356
    Money market deposit accounts (MMDAs) $171,449
    Other savings deposits (excluding MMDAs) $536,339
    Total time deposits $547,568
    Total time and savings deposits $1,395,581
    Noninterest-bearing deposits $172,627
    Interest-bearing deposits $1,263,736
    Retail deposits $1,263,118
    IRAs and Keogh plan accounts $67,714
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,689,101
    Cash & Balances due from depository institutions $152,255
    Interest-bearing balances $137,365
    Total securities $178,231
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,253,283
    Loan and leases loss allowance $18,485
    Trading account assets $0
    Bank premises and fixed assets $27,571
    Other real estate owned $0
    Goodwill and other intangibles $1,382
    All other assets $76,379

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,689,101
    Total Liabilities $1,533,273
    Total deposits $1,436,363
    Interest-bearing deposits $1,263,736
    Deposits held in domestic offices $1,436,363
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $77,583
    Subordinated debt $0
    All other liabilities $19,327

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,253,283
    Loan and leases loss allowance $18,485
    Total loans and leases (domestic) $1,271,768
    All real estate loans $1,045,030
    Real estate loans in domestic offices $1,045,030
    Construction and development loans $12,012
    Residential 1-4 family construction $2,738
    Other construction, all land development and other land $9,274
    Loans secured by nonfarm nonresidential properties $496,474
    Nonfarm nonresidential secured by owner-occupied properties $119,599
    Commercial real estate & other non-farm, non-residential $376,875
    Multifamily residential real estate $156,234
    1-4 family residential loans $378,701
    Farmland loans $1,609
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $205,647
    To non-U.S. addressees $0
    Loans to individuals $3,343
    Credit card loans $0
    Related Plans $226
    Consumer Auto Loans $2,438
    Other loans to individuals $679
    All other loans & leases $17,748
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $296
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Easthampton Savings Bank had $1,253,283,000 of loans outstanding in 2021. $1,045,030,000 of loans were in real estate loans. $12,012,000 of loans were in development loans. $156,234,000 of loans were in multifamily mortgage loans. $378,701,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,438,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 252 $51,378 $203,881
    Nonfarm, nonresidential loans - <$100k 70 $565 $8,071
    Nonfarm, nonresidential loans - $100-250k 64 $6,920 $108,125
    Nonfarm, nonresidential loans - $250k-1MM 118 $43,893 $371,975
    Commercial & Industrial, US addressed loans - <$1MM 1,166 $30,613 $26,255
    Commercial & Industrial, US addressed loans - <$100k 974 $5,586 $5,735
    Commercial & Industrial, US addressed loans - $100-250k 111 $8,641 $77,847
    Commercial & Industrial, US addressed loans - $250k-1MM 81 $16,386 $202,296
    Farmland loans - <$1MM 4 $751 $187,750
    Farmland loans - <$100k 1 $48 $48,000
    Farmland loans - $100-250k 1 $132 $132,000
    Farmland loans - $250k-1MM 2 $571 $285,500