Century Bank And Trust Company Mortgage Rates, Fees & Info
Somerville, MALEI: 549300NFO21T5DF35226
Tax ID: 04-6202762
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Mortgage Data
Review & Overview
Century Bank And Trust Company is a smaller bank specializing in Refi and Home Purchase loans. Century Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Barnstable Town, Worcester, Vineyard Haven, and Providence among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Century Bank And Trust Company 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.
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Originations
363Origination Dollar Volume (All Markets)
$138,145,000Top 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 |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 336 | $126,240,000 | $375,714 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 13 | $7,405,000 | $569,615 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 7 | $1,825,000 | $260,714 | $0 | 0.00% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $1,245,000 | $1,245,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $215,000 | $215,000 | $0 | 0.00% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against Century Bank and Trust Company 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 | 363 | $138,145,000 | $380,565 | $0 | 0.00% |
For 2021, Century Bank And Trust Company's most frequently originated type of loan was Conventional, with 363 originations.
Loan Reason
For 2021, Century Bank And Trust Company's most frequently cited loan purpose was Refi, with 240 originations. The 2nd most popular reason was Home Improvement, with 60 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 363 | $138,145,000 | $380,565 | $0 | 0.00% |
For 2021, Century Bank And Trust Company's most frequently cited loan duration was Other, with 363 originations.
Loan Sizing
2021 saw Century Bank And Trust Company place emphasis on $200k-400k loans with 120 originations, totaling $35,290,000 in origination value.
Applicant Income
Century Bank And Trust Company lent most frequently to those with incomes in the $150k-250k range, with 94 originations. The second most popular income band? $250k+, with 83 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 363 | $138,145,000 | $380,565 | $0 | 0.00% |
Century Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 363 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.93%
Century Bank And Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination80.72%
Century Bank And Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 363 | $138,145,000 | $380,565 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CENTURY MORTGAGE COMPANY | VA mortgage | Trouble during payment process | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Century Bank and Trust Company | 102 Fellsway W Somerville, MA 2145 | Full Service B&M | $3,995,968 |
| Century Bank and Trust Company | 1184 Bolyston Street Chestnut Hill, MA 2467 | Full Service B&M | $63,586 |
| Century Bank and Trust Company | 12 Peabody Square Peabody, MA 1960 | Full Service B&M | $62,175 |
| Century Bank and Trust Company | 134 Cambridge Street Burlington, MA 1803 | Full Service B&M | $87,586 |
| Century Bank and Trust Company | 1354 Beacon Street Brookline, MA 2446 | Full Service B&M | $65,222 |
| Century Bank and Trust Company | 136 State Street Boston, MA 2110 | Full Service B&M | $45,876 |
| Century Bank and Trust Company | 140 Ferry Street Malden, MA 2148 | Full Service B&M | $86,635 |
| Century Bank and Trust Company | 15 Elm Street Andover, MA 1810 | Full Service B&M | $40,511 |
| Century Bank and Trust Company | 1763 Revere Beach Parkway Everett, MA 2149 | Full Service B&M | $101,069 |
| Century Bank and Trust Company | 2 State Street Lynn, MA 1901 | Full Service B&M | $56,668 |
| Century Bank and Trust Company | 210 Boylston Street Chestnut Hill, MA 2467 | Full Service B&M | $118,005 |
| Century Bank and Trust Company | 2309 Massachusetts Avenue Cambridge, MA 2140 | Full Service B&M | $146,288 |
| Century Bank and Trust Company | 24 Federal Street Boston, MA 2110 | Full Service B&M | $85,392 |
| Century Bank and Trust Company | 258 Washington Street Wellesley, MA 2481 | Full Service B&M | $54,487 |
| Century Bank and Trust Company | 275 Hanover Street Boston, MA 2113 | Full Service B&M | $143,567 |
| Century Bank and Trust Company | 299 Mishawum Road Woburn, MA 1801 | Full Service B&M | $56,992 |
| Century Bank and Trust Company | 300 Western Avenue Boston, MA 2134 | Full Service B&M | $42,934 |
| Century Bank and Trust Company | 32 Langley Road Newton Center, MA 2459 | Full Service B&M | $204,921 |
| Century Bank and Trust Company | 365 South Broadway Salem, NH 3079 | Full Service B&M | $518 |
| Century Bank and Trust Company | 37 Central Street Salem, MA 1970 | Full Service B&M | $46,120 |
| Century Bank and Trust Company | 400 Mystic Avenue Medford, MA 2155 | Full Service B&M | $425,382 |
| Century Bank and Trust Company | 428 Rantoul Street Beverly, MA 1915 | Full Service B&M | $33,113 |
| Century Bank and Trust Company | 437 Boylston Street Boston, MA 2116 | Full Service B&M | $61,341 |
| Century Bank and Trust Company | 503 Riverside Avenue, Fellsway Plaza Medford, MA 2155 | Full Service B&M | $45,869 |
| Century Bank and Trust Company | 522 Main Street Winchester, MA 1890 | Full Service B&M | $47,434 |
| Century Bank and Trust Company | 651 Hancock Street Quincy, MA 2170 | Full Service B&M | $84,319 |
| Century Bank and Trust Company | 703 Granite Street Braintree, MA 2184 | Full Service B&M | $97,774 |
| Century Bank and Trust Company | One Salem Street Medford, MA 2155 | Full Service B&M | $76,285 |
For 2021, Century Bank And Trust Company had 28 branches.