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 and Cash Out Refi loans. Salisbury Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Poughkeepsie, Kingston, Torrington, Pittsfield, and New York 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
295Origination Dollar Volume (All Markets)
$212,165,000Top 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) | 91 | $67,375,000 | $740,385 | $0 | 0.00% |
| KINGSTON, NY (FHA|USDA|VA) | 20 | $52,210,000 | $2,610,500 | $0 | 0.00% |
| Torrington, CT (FHA|USDA|VA) | 96 | $49,310,000 | $513,646 | $0 | 0.00% |
| PITTSFIELD, MA (FHA|USDA|VA) | 39 | $18,555,000 | $475,769 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 7 | $9,675,000 | $1,382,143 | $0 | 0.00% |
| Hudson, NY (FHA|USDA|VA) | 21 | $9,015,000 | $429,286 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $1,470,000 | $245,000 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 295 | $212,165,000 | $719,203 | $0 | 0.00% |
For 2022, Salisbury Bank And Trust Company's most frequently originated type of loan was Conventional, with 295 originations.
Loan Reason
For 2022, Salisbury Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 163 originations. The 2nd most popular reason was Cash Out Refi, with 78 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 295 | $212,165,000 | $719,203 | $0 | 0.00% |
For 2022, Salisbury Bank And Trust Company's most frequently cited loan duration was Other, with 295 originations.
Loan Sizing
2022 saw Salisbury Bank And Trust Company place emphasis on $200k-400k loans with 133 originations, totaling $38,435,000 in origination value.
Applicant Income
Salisbury Bank And Trust Company lent most frequently to those with incomes in the $250k+ range, with 74 originations. The second most popular income band? $150k-250k, with 57 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 295 | $212,165,000 | $719,203 | $0 | 0.00% |
Salisbury Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 295 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.33%
Salisbury Bank And Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination76.27%
Salisbury Bank And Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 295 | $212,165,000 | $719,203 |