Haverhill Bank Mortgage Rates, Fees & Info

Haverhill, MA

LEI: 549300T92XVMWQW75772

Tax ID: 04-1426920

Latest/2023 | 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

    Haverhill Bank is a smaller bank specializing in Home Purchase loans. Haverhill Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Manchester, Laconia, Portland, and Concord among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Haverhill Bank 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.

    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

    115

    Origination Dollar Volume (All Markets)

    $40,305,000

    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) 97 $33,035,000 $340,567 $0 0.00%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 11 $4,815,000 $437,727 $0 0.00%
    Laconia, NH (FHA|USDA|VA) 1 $715,000 $715,000 $0 0.00%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 3 $695,000 $231,667 $0 0.00%
    Outside of Metro Areas 1 $455,000 $455,000 $0 0.00%
    Concord, NH (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Haverhill Bank's top markets include Boston, Manchester, Laconia, Portland, and Concord among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 115 $40,305,000 $350,478 $0 0.00%

    For 2023, Haverhill Bank's most frequently originated type of loan was Conventional, with 115 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 72 $30,360,000 $421,667 $0 0.00%
    Home Improvement 17 $2,735,000 $160,882 $0 0.00%
    Cash Out Refi 12 $3,590,000 $299,167 $0 0.00%
    Other 7 $815,000 $116,429 $0 0.00%
    Refi 7 $2,805,000 $400,714 $0 0.00%

    For 2023, Haverhill Bank's most frequently cited loan purpose was Home Purchase, with 72 originations. The 2nd most popular reason was Home Improvement, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 115 $40,305,000 $350,478 $0 0.00%

    For 2023, Haverhill Bank's most frequently cited loan duration was Other, with 115 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 42 $12,850,000 $305,952 $0 0.00%
    $400k-600k 34 $16,850,000 $495,588 $0 0.00%
    $100,000 or less 21 $1,105,000 $52,619 $0 0.00%
    $600k-1MM 10 $7,180,000 $718,000 $0 0.00%
    $100k-200k 7 $1,275,000 $182,143 $0 0.00%
    $1MM+ 1 $1,045,000 $1,045,000 $0 0.00%

    2023 saw Haverhill Bank place emphasis on $200k-400k loans with 42 originations, totaling $12,850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 42 $10,530,000 $250,714 $0 0.00%
    $150k-250k 36 $15,410,000 $428,056 $0 0.00%
    $75k-100k 15 $3,395,000 $226,333 $0 0.00%
    $250k+ 13 $7,195,000 $553,462 $0 0.00%
    $50k-75k 2 $220,000 $110,000 $0 0.00%
    $50k or less 1 $175,000 $175,000 $0 0.00%

    Haverhill Bank lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $150k-250k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 115 $40,305,000 $350,478 $0 0.00%

    Haverhill Bank lent most frequently to those with DTI ratios of Exempt%, with 115 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 78 $28,760,000 $368,718 $0 0.00%
    Not provided 29 $8,165,000 $281,552 $0 0.00%
    Not applicable 5 $2,565,000 $513,000 $0 0.00%
    Asian 2 $750,000 $375,000 $0 0.00%
    Black 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.18%

    Haverhill Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.00%

    Haverhill Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 115 $40,305,000 $350,478

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    115 $40,305,000 $350,478