The Village Bank Mortgage Rates, Fees & Info

Auburndale, MA

LEI: 549300T0NMTRA1FGK873

Tax ID: 04-1050590

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    The Village Bank is a smaller bank specializing in Home Purchase loans. The Village Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Barnstable Town, Vineyard Haven, Providence, and Worcester among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Village Bank 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.

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    Originations

    151

    Origination Dollar Volume (All Markets)

    $281,415,000

    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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 144 $275,610,000 $1,913,958 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 4 $2,800,000 $700,000 $0 0.00%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $1,755,000 $1,755,000 $0 0.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $855,000 $855,000 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
    The Village Bank's top markets include Boston, Barnstable Town, Vineyard Haven, Providence, and Worcester among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 151 $281,415,000 $1,863,675 $0 0.00%

    For 2024, The Village Bank's most frequently originated type of loan was Conventional, with 151 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 103 $216,795,000 $2,104,806 $0 0.00%
    Cash Out Refi 22 $41,930,000 $1,905,909 $0 0.00%
    Home Improvement 14 $7,190,000 $513,571 $0 0.00%
    Refi 12 $15,500,000 $1,291,667 $0 0.00%

    For 2024, The Village Bank's most frequently cited loan purpose was Home Purchase, with 103 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 151 $281,415,000 $1,863,675 $0 0.00%

    For 2024, The Village Bank's most frequently cited loan duration was Other, with 151 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 99 $252,115,000 $2,546,616 $0 0.00%
    $600k-1MM 20 $16,810,000 $840,500 $0 0.00%
    $400k-600k 17 $8,585,000 $505,000 $0 0.00%
    $200k-400k 12 $3,510,000 $292,500 $0 0.00%
    $100k-200k 3 $395,000 $131,667 $0 0.00%

    2024 saw The Village Bank place emphasis on $1MM+ loans with 99 originations, totaling $252,115,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 27 $43,945,000 $1,627,593 $0 0.00%
    $150k-250k 6 $3,840,000 $640,000 $0 0.00%
    $75k-100k 5 $1,765,000 $353,000 $0 0.00%
    $100k-150k 4 $1,430,000 $357,500 $0 0.00%
    $50k-75k 2 $1,460,000 $730,000 $0 0.00%
    $50k or less 1 $535,000 $535,000 $0 0.00%

    The Village Bank lent most frequently to those with incomes in the $250k+ range, with 27 originations. The second most popular income band? $150k-250k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 151 $281,415,000 $1,863,675 $0 0.00%

    The Village Bank lent most frequently to those with DTI ratios of Exempt%, with 151 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 106 $228,440,000 $2,155,094 $0 0.00%
    White 39 $40,675,000 $1,042,949 $0 0.00%
    Korean 1 $5,005,000 $5,005,000 $0 0.00%
    Asian 1 $3,005,000 $3,005,000 $0 0.00%
    Not provided 3 $2,865,000 $955,000 $0 0.00%
    American Indian 1 $1,425,000 $1,425,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.45%

    The Village Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    87.42%

    The Village Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 151 $281,415,000 $1,863,675

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    151 $281,415,000 $1,863,675