Unibank For Savings Mortgage Rates, Fees & Info

Whitinsville, MA

LEI: 549300SIZ5KBISEZE503

Tax ID: 04-1927940

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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

    Unibank For Savings is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Unibank For Savings has a high proportion of conventional loans. Their top markets by origination volume include: Worcester, Boston, Providence, Barnstable Town, and Portland among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Unibank For Savings has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Unibank 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.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 5.64% 4/28/24
    30 Year Conventional Purchase 5.96% 4/28/24
    30 Year Conventional Refi 6.26% 4/28/24
    30 Year Cash-out Refi 5.98% 4/28/24
    15 Year Conventional Purchase 5.96% 4/28/24
    15 Year Conventional Refi 5.57% 4/28/24
    15 Year Cash-out Refi 5.57% 4/28/24
    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.

    Unibank For Savings Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Unibank 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

    780

    Origination Dollar Volume (All Markets)

    $285,410,000
    Show all (7) awards

    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
    WORCESTER, MA-CT (FHA|USDA|VA) 544 $133,260,000 $244,963 $2,262 3.98%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 142 $120,910,000 $851,479 $3,207 4.03%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 34 $11,480,000 $337,647 $3,214 4.24%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 19 $9,385,000 $493,947 $2,843 3.52%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 20 $3,810,000 $190,500 $3,328 4.68%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 4 $2,070,000 $517,500 $3,230 4.00%
    SPRINGFIELD, MA (FHA|USDA|VA) 5 $1,485,000 $297,000 $2,541 4.70%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $780,000 $390,000 $3,076 5.63%
    Outside of Metro Areas 2 $660,000 $330,000 $2,877 3.94%
    Vineyard Haven, MA (FHA|USDA|VA) 2 $610,000 $305,000 $2,968 4.44%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 4 $580,000 $145,000 $2,679 4.62%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $275,000 $275,000 $3,675 5.25%
    Laconia, NH (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.25%
    Unibank For Savings's top markets include Worcester, Boston, Providence, Barnstable Town, and Portland among others.

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

    • Similar Lenders

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

    Homestar Mortgage, Inc.
    Similarity Rank: 8
    Rhode Island Credit Union
    Similarity Rank: 15
    SOMERSET
    Similarity Rank: 21
    Charter Oak Federal Credit Union
    Similarity Rank: 42
    QUINCY CREDIT UNION
    Similarity Rank: 50
    HOMEFIELD
    Similarity Rank: 72
    Direct Federal Credit Union
    Similarity Rank: 115
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 129
    IC Federal Credit Union
    Similarity Rank: 144
    Piscataqua Savings Bank
    Similarity Rank: 200

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 562 $247,450,000 $440,302 $2,526 3.91%
    HELOC 218 $37,960,000 $174,128 n/a 4.29%

    For 2022, Unibank For Savings's most frequently originated type of loan was Conventional, with 562 originations. Their 2nd most popular type was HELOC, with 218 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 275 $146,385,000 $532,309 $3,623 4.20%
    Cash Out Refi 196 $92,090,000 $469,847 $2,510 3.76%
    Home Improvement 160 $16,000,000 $100,000 $216 4.14%
    Other 79 $13,265,000 $167,911 $275 4.31%
    Refi 70 $17,670,000 $252,429 $2,279 3.39%

    For 2022, Unibank For Savings's most frequently cited loan purpose was Home Purchase, with 275 originations. The 2nd most popular reason was Cash Out Refi, with 196 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 368 $166,460,000 $452,337 $3,352 3.79%
    20 Year 274 $46,430,000 $169,453 $644 4.30%
    15 Year 49 $9,255,000 $188,878 $1,460 3.56%
    10 Year 40 $34,680,000 $867,000 $74 4.28%
    Other 26 $14,940,000 $574,615 $2,643 4.96%
    5 Year 23 $13,645,000 $593,261 $0 3.72%

    For 2022, Unibank For Savings's most frequently cited loan duration was 30 Year, with 368 originations. The 2nd most popular length was 20 Year, with 274 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 519 $180,805,000 $348,372
    $2k-3k 1 $215,000 $215,000
    $3k-4k 1 $325,000 $325,000

    Unibank For Savings's average total fees were $3,352, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 519 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 333 $128,205,000 $385,000
    4-5% 192 $77,240,000 $402,292
    2.5-3% 122 $51,380,000 $421,148
    5-6% 94 $20,150,000 $214,362
    6-7% 25 $4,935,000 $197,400
    <2.5% 10 $2,510,000 $251,000
    7-8% 4 $990,000 $247,500

    During 2022, Unibank For Savings's average interest rate for loans was 3.79%, while their most frequently originated rate bucket for loans was 3-4%, with 333 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 247 $71,455,000 $289,291 $2,746 3.97%
    $100,000 or less 193 $10,375,000 $53,756 $176 4.17%
    $100k-200k 150 $21,860,000 $145,733 $1,479 4.05%
    $400k-600k 100 $47,650,000 $476,500 $3,208 4.11%
    $600k-1MM 68 $48,680,000 $715,882 $4,137 3.69%
    $1MM+ 22 $85,390,000 $3,881,364 $7,461 3.63%

    2022 saw Unibank For Savings place emphasis on $200k-400k loans with 247 originations, totaling $71,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 203 $69,945,000 $344,557 $2,710 4.07%
    $100k-150k 174 $38,650,000 $222,126 $2,280 4.00%
    $75k-100k 129 $26,185,000 $202,984 $2,180 4.05%
    $250k+ 128 $73,170,000 $571,641 $3,461 3.99%
    $50k-75k 108 $18,120,000 $167,778 $2,172 3.98%
    $50k or less 26 $2,750,000 $105,769 $1,740 3.82%

    Unibank For Savings lent most frequently to those with incomes in the $150k-250k range, with 203 originations. The second most popular income band? $100k-150k, with 174 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 198 $62,680,000 $316,566 $2,614 4.02%
    20-30% 193 $57,675,000 $298,834 $2,350 4.00%
    <20% 85 $25,385,000 $298,647 $2,437 3.92%
    42% 56 $16,100,000 $287,500 $2,753 4.22%
    41% 41 $11,485,000 $280,122 $2,546 3.95%
    40% 39 $10,965,000 $281,154 $2,389 4.07%
    39% 38 $10,670,000 $280,789 $2,450 4.11%
    38% 33 $11,455,000 $347,121 $3,327 3.74%
    37% 30 $8,190,000 $273,000 $2,467 4.08%
    36% 27 $7,865,000 $291,296 $2,703 4.12%
    43% 22 $4,070,000 $185,000 $1,731 4.27%
    47% 4 $1,160,000 $290,000 $2,594 4.15%
    49% 3 $615,000 $205,000 $2,526 3.38%
    44% 2 $250,000 $125,000 $2,107 3.94%
    45% 2 $420,000 $210,000 $2,350 3.56%
    48% 1 $465,000 $465,000 $3,403 3.88%

    Unibank For Savings lent most frequently to those with DTI ratios of 30-36%, with 198 originations. The next most common DTI ratio? 20-30%, with 193 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 650 $182,160,000 $280,246 $2,482 3.98%
    Not applicable 6 $55,960,000 $9,326,667 $0 3.96%
    Not provided 77 $27,795,000 $360,974 $2,475 4.22%
    Asian 21 $11,385,000 $542,143 $3,311 4.00%
    Black 15 $6,115,000 $407,667 $3,432 4.41%
    American Indian 4 $1,270,000 $317,500 $2,997 4.65%
    Other Asian 3 $445,000 $148,333 $3,675 4.50%
    Asian Indian 2 $170,000 $85,000 $0 3.37%
    Guamanian 1 $85,000 $85,000 $0 3.75%
    Filipino 1 $25,000 $25,000 $0 4.24%

    Approval Rates

    Total approvals of all applications
    87.12%

    Unibank For Savings has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.21%

    Unibank For Savings has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 32 $3,840,000 $120,000
    NA 748 $281,570,000 $376,430

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    780 $285,410,000 $365,910

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 155 $32,805,000 $211,645 $1,997 4.10%
    40-60% 115 $33,105,000 $287,870 $2,609 3.85%
    60-80% 195 $138,545,000 $710,487 $3,392 3.99%
    80-100% 120 $68,010,000 $566,750 $3,738 3.98%
    Under 20% 195 $12,945,000 $66,385 $146 4.10%