Dedham Institution For Savings Mortgage Rates, Fees & Info

Dedham, MA

LEI: 549300RS5LTZ0JDZYI59

Tax ID: 04-1238700

5 stars - Updated: 7/13/25 - out of 5 stars, based on 17 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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)

    • Review & Overview

    Dedham Institution For Savings is a smaller mortgage company specializing in Home Purchase loans. Dedham Institution For Savings has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Providence, Barnstable Town, Worcester, and Pittsfield among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Dedham Institution For Savings 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. Dedham Institution For Savings 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 6.49% 7/13/25
    30 Year Conventional Refi 6.37% 7/13/25
    30 Year Cash-out Refi 6.82% 7/13/25
    15 Year Conventional Purchase 6.45% 7/13/25
    15 Year Conventional Refi 5.92% 7/13/25
    15 Year Cash-out Refi 5.92% 7/13/25
    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.

    Dedham Institution For Savings Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Dedham Institution For Savings. 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

    295

    Origination Dollar Volume (All Markets)

    $293,815,000

    Awards

    Dedham Institution for Savings 30 Year Conventional Loans gold Dedham Institution for Savings 30 Year Conventional Loans silver
    Show all (2) awards

    Relative Rate

    Dedham Institution For Savings's average 30 year fixed mortgage rate was 6.49%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.06%.

    Relative Fees (Closing Costs)

    Dedham Institution For Savings's average total fees/closing costs for a 30 year fixed rate mortgage were $4,197.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 258 $274,870,000 $1,065,388 $3,698 7.05%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 12 $5,710,000 $475,833 $3,540 6.56%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 13 $5,665,000 $435,769 $3,463 6.58%
    WORCESTER, MA-CT (FHA|USDA|VA) 7 $3,745,000 $535,000 $4,072 6.66%
    Outside of Metro Areas 2 $1,690,000 $845,000 $4,799 6.56%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $1,165,000 $1,165,000 $6,851 6.75%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $495,000 $495,000 $3,518 6.63%
    Laconia, NH (FHA|USDA|VA) 1 $475,000 $475,000 $3,119 6.63%
    Dedham Institution For Savings's top markets include Boston, Providence, Barnstable Town, Worcester, and Pittsfield among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Dedham Institution for Savings based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    OCEAN STATE CREDIT UNION
    Similarity Rank: 63
    SOMERSET
    Similarity Rank: 72
    Piscataqua Savings Bank
    Similarity Rank: 100
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 108
    Southern Mass Credit Union
    Similarity Rank: 112
    Centreville Bank
    Similarity Rank: 120
    St. Mary's Credit Union
    Similarity Rank: 220
    The Washington Trust Company, of Westerly
    Similarity Rank: 240
    Sharon & Crescent United Credit Union
    Similarity Rank: 245
    UniBank for Savings
    Similarity Rank: 300

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 295 $293,815,000 $995,983 $3,711 6.99%

    For 2024, Dedham Institution For Savings's most frequently originated type of loan was Conventional, with 295 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 216 $234,710,000 $1,086,620 $4,256 6.86%
    Home Improvement 26 $12,570,000 $483,462 $1,275 7.76%
    Refi 19 $33,005,000 $1,737,105 $3,055 7.46%
    Other 17 $3,385,000 $199,118 $1,410 6.88%
    Cash Out Refi 17 $10,145,000 $596,765 $2,836 7.04%

    For 2024, Dedham Institution For Savings's most frequently cited loan purpose was Home Purchase, with 216 originations. The 2nd most popular reason was Home Improvement, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 190 $123,990,000 $652,579 $4,197 6.49%
    Other 44 $106,480,000 $2,420,000 $0 8.80%
    10 Year 25 $21,665,000 $866,600 $449 6.86%
    20 Year 12 $3,840,000 $320,000 $944 7.67%
    15 Year 9 $1,435,000 $159,444 $1,576 6.75%
    1 Year 7 $4,065,000 $580,714 $0 8.71%
    5 Year 5 $1,815,000 $363,000 $75 6.75%
    3 Year 2 $29,480,000 $14,740,000 $0 7.94%
    30+ year 1 $1,045,000 $1,045,000 $5,117 7.38%

    For 2024, Dedham Institution For Savings's most frequently cited loan duration was 30 Year, with 190 originations. The 2nd most popular length was Other, with 44 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 195 $108,785,000 $557,872
    $1k-2k 12 $13,800,000 $1,150,000
    $3k-4k 1 $545,000 $545,000

    Dedham Institution For Savings's average total fees were $4,197, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 195 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 176 $129,150,000 $733,807
    7-8% 48 $38,900,000 $810,417
    Over 8% 47 $116,325,000 $2,475,000
    5-6% 22 $9,140,000 $415,455
    <2.5% 1 $35,000 $35,000
    4-5% 1 $265,000 $265,000

    During 2024, Dedham Institution For Savings's average interest rate for loans was 6.49%, while their most frequently originated rate bucket for loans was 6-7%, with 176 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 76 $195,480,000 $2,572,105 $6,559 7.72%
    $400k-600k 74 $36,420,000 $492,162 $3,794 6.68%
    $600k-1MM 56 $42,830,000 $764,821 $4,458 6.74%
    $200k-400k 53 $15,745,000 $297,075 $2,994 6.62%
    $100,000 or less 21 $1,145,000 $54,524 $280 6.91%
    $100k-200k 15 $2,195,000 $146,333 $1,492 7.17%

    2024 saw Dedham Institution For Savings place emphasis on $1MM+ loans with 76 originations, totaling $195,480,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 76 $75,960,000 $999,474 $5,181 6.69%
    $150k-250k 71 $35,485,000 $499,789 $3,506 6.67%
    $100k-150k 48 $17,750,000 $369,792 $2,812 6.59%
    $75k-100k 21 $4,965,000 $236,429 $2,177 6.21%
    $50k-75k 8 $1,170,000 $146,250 $2,283 6.20%
    $50k or less 2 $1,030,000 $515,000 $3,257 6.63%

    Dedham Institution For Savings lent most frequently to those with incomes in the $250k+ range, with 76 originations. The second most popular income band? $150k-250k, with 71 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 45 $27,375,000 $608,333 $3,834 6.61%
    20-30% 35 $15,635,000 $446,714 $3,351 6.46%
    43% 18 $13,200,000 $733,333 $3,916 6.88%
    41% 17 $8,755,000 $515,000 $3,235 6.65%
    44% 15 $8,555,000 $570,333 $3,426 6.29%
    38% 12 $6,980,000 $581,667 $3,588 6.74%
    40% 12 $6,390,000 $532,500 $3,816 6.67%
    <20% 11 $8,505,000 $773,182 $4,474 6.82%
    48% 11 $8,015,000 $728,636 $4,110 6.67%
    39% 10 $7,650,000 $765,000 $4,325 6.61%
    37% 9 $4,505,000 $500,556 $3,674 6.29%
    45% 7 $5,555,000 $793,571 $4,448 6.46%
    46% 6 $4,310,000 $718,333 $4,352 6.25%
    42% 5 $1,595,000 $319,000 $2,297 6.65%
    36% 3 $795,000 $265,000 $2,213 6.54%
    47% 2 $1,280,000 $640,000 $4,325 6.75%
    49% 2 $970,000 $485,000 $3,687 6.50%
    50-60% 2 $890,000 $445,000 $3,611 6.63%

    Dedham Institution For Savings lent most frequently to those with DTI ratios of 30-36%, with 45 originations. The next most common DTI ratio? 20-30%, with 35 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 69 $157,455,000 $2,281,957 $0 8.26%
    White 169 $102,385,000 $605,828 $3,783 6.62%
    Not provided 27 $18,975,000 $702,778 $3,363 6.81%
    Black 16 $6,790,000 $424,375 $3,279 6.09%
    Asian 9 $5,635,000 $626,111 $3,988 6.57%
    Asian Indian 4 $1,930,000 $482,500 $3,861 6.63%
    American Indian 1 $645,000 $645,000 $4,316 6.50%

    Approval Rates

    Total approvals of all applications
    93.95%

    Dedham Institution For Savings has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.73%

    Dedham Institution For Savings has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 295 $293,815,000 $995,983

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    295 $293,815,000 $995,983

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $14,625,000 $585,000 $2,509 6.92%
    40-60% 46 $39,640,000 $861,739 $4,079 7.03%
    60-80% 99 $169,165,000 $1,708,737 $4,201 7.34%
    80-100% 87 $64,875,000 $745,690 $4,501 6.51%
    Under 20% 38 $5,510,000 $145,000 $924 7.15%