Salisbury Bank And Trust Company Mortgage Rates, Fees & Info
Lakeville, CTLEI: 549300PE7I3IWSUX2B53
Tax ID: 06-0521260
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Mortgage Data
Review & Overview
Salisbury Bank And Trust Company is a smaller bank specializing in Home Purchase loans. Salisbury Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Poughkeepsie, Torrington, Pittsfield, Hudson, and Bridgeport among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Salisbury 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
126Origination Dollar Volume (All Markets)
$55,810,000Top 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 |
|---|---|---|---|---|---|
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 49 | $24,865,000 | $507,449 | $0 | 0.00% |
| Torrington, CT (FHA|USDA|VA) | 29 | $11,185,000 | $385,690 | $0 | 0.00% |
| PITTSFIELD, MA (FHA|USDA|VA) | 16 | $5,930,000 | $370,625 | $0 | 0.00% |
| Hudson, NY (FHA|USDA|VA) | 6 | $4,240,000 | $706,667 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 6 | $3,250,000 | $541,667 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 5 | $1,535,000 | $307,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $1,115,000 | $371,667 | $0 | 0.00% |
| KINGSTON, NY (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 126 | $55,810,000 | $442,937 | $0 | 0.00% |
For 2023, Salisbury Bank And Trust Company's most frequently originated type of loan was Conventional, with 126 originations.
Loan Reason
For 2023, Salisbury Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Other, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 126 | $55,810,000 | $442,937 | $0 | 0.00% |
For 2023, Salisbury Bank And Trust Company's most frequently cited loan duration was Other, with 126 originations.
Loan Sizing
2023 saw Salisbury Bank And Trust Company place emphasis on $200k-400k loans with 56 originations, totaling $15,990,000 in origination value.
Applicant Income
Salisbury Bank And Trust Company lent most frequently to those with incomes in the $250k+ range, with 34 originations. The second most popular income band? $100k-150k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 126 | $55,810,000 | $442,937 | $0 | 0.00% |
Salisbury Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 126 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.45%
Salisbury Bank And Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination78.57%
Salisbury Bank And Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 126 | $55,810,000 | $442,937 |