The Village Bank Mortgage Rates, Fees & Info
Auburndale, MALEI: 549300T0NMTRA1FGK873
Tax ID: 04-1050590
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Mortgage Data
Review & Overview
The Village Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. The Village Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Vineyard Haven, and Barnstable Town among others. We have data for 3 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.
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Originations
441Origination Dollar Volume (All Markets)
$522,005,000Top 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 |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 438 | $519,110,000 | $1,185,183 | $0 | 0.00% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $2,085,000 | $2,085,000 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 441 | $522,005,000 | $1,183,685 | $0 | 0.00% |
For 2022, The Village Bank's most frequently originated type of loan was Conventional, with 441 originations.
Loan Reason
For 2022, The Village Bank's most frequently cited loan purpose was Home Purchase, with 286 originations. The 2nd most popular reason was Cash Out Refi, with 90 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 441 | $522,005,000 | $1,183,685 | $0 | 0.00% |
For 2022, The Village Bank's most frequently cited loan duration was Other, with 441 originations.
Loan Sizing
2022 saw The Village Bank place emphasis on $1MM+ loans with 196 originations, totaling $384,260,000 in origination value.
Applicant Income
The Village Bank lent most frequently to those with incomes in the $250k+ range, with 147 originations. The second most popular income band? $150k-250k, with 86 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 441 | $522,005,000 | $1,183,685 | $0 | 0.00% |
The Village Bank lent most frequently to those with DTI ratios of Exempt%, with 441 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.93%
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 origination85.03%
The Village Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 441 | $522,005,000 | $1,183,685 |