Salisbury Bank And Trust Company Mortgage Rates, Fees & Info

Lakeville, CT

LEI: 549300PE7I3IWSUX2B53

Tax ID: 06-0521260

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

Jump to:

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.

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.


Originations

126

Origination Dollar Volume (All Markets)

$55,810,000

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
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%
Salisbury Bank And Trust Company's top markets include Poughkeepsie, Torrington, Pittsfield, Hudson, and Bridgeport among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 83 $41,075,000 $494,880 $0 0.00%
    Other 17 $5,175,000 $304,412 $0 0.00%
    Cash Out Refi 15 $3,645,000 $243,000 $0 0.00%
    Home Improvement 7 $5,165,000 $737,857 $0 0.00%
    Refi 4 $750,000 $187,500 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 56 $15,990,000 $285,536 $0 0.00%
    $100k-200k 26 $4,000,000 $153,846 $0 0.00%
    $400k-600k 19 $9,315,000 $490,263 $0 0.00%
    $600k-1MM 18 $12,390,000 $688,333 $0 0.00%
    $1MM+ 6 $14,020,000 $2,336,667 $0 0.00%
    $100,000 or less 1 $95,000 $95,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 34 $19,680,000 $578,824 $0 0.00%
    $100k-150k 26 $8,180,000 $314,615 $0 0.00%
    $150k-250k 24 $8,520,000 $355,000 $0 0.00%
    $50k-75k 18 $3,460,000 $192,222 $0 0.00%
    $75k-100k 12 $2,540,000 $211,667 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 71 $24,275,000 $341,901 $0 0.00%
    Not provided 39 $16,595,000 $425,513 $0 0.00%
    Not applicable 12 $13,430,000 $1,119,167 $0 0.00%
    Black 2 $1,060,000 $530,000 $0 0.00%
    Asian 2 $450,000 $225,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.45%

    Salisbury Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.57%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    126 $55,810,000 $442,937