Haverhill Bank Mortgage Rates, Fees & Info

Haverhill, MA

LEI: 549300T92XVMWQW75772

Tax ID: 04-1426920

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

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, Laconia, Portland, Lebanon, and Concord among others. We have data for 6 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.

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Originations

Origination Dollar Volume (All Markets)

$24,315,000

Top Markets

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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)	52	$19,380,000	$372,692	$0	0.00%
Laconia, NH (FHA\|USDA\|VA)	3	$1,895,000	$631,667	$0	0.00%
PORTLAND-SOUTH PORTLAND, ME (FHA\|USDA\|VA)	2	$1,480,000	$740,000	$0	0.00%
Lebanon, NH-VT (FHA\|USDA\|VA)	2	$1,080,000	$540,000	$0	0.00%
Outside of Metro Areas	1	$455,000	$455,000	$0	0.00%
Concord, NH (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	0.00%

Haverhill Bank's top markets include Boston, Laconia, Portland, Lebanon, and Concord among others.

Their top states include:

Massachusetts (FHA|USDA|VA)

New Hampshire (FHA|USDA|VA)

Maine (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	61	$24,315,000	$398,607	$0	0.00%

For 2024, Haverhill Bank's most frequently originated type of loan was Conventional, with 61 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	35	$17,665,000	$504,714	$0	0.00%
Cash Out Refi	13	$1,695,000	$130,385	$0	0.00%
Home Improvement	10	$4,000,000	$400,000	$0	0.00%
Refi	3	$955,000	$318,333	$0	0.00%

For 2024, Haverhill Bank's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	61	$24,315,000	$398,607	$0	0.00%

For 2024, Haverhill Bank's most frequently cited loan duration was Other, with 61 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	16	$5,270,000	$329,375	$0	0.00%
$400k-600k	16	$7,400,000	$462,500	$0	0.00%
$100,000 or less	12	$670,000	$55,833	$0	0.00%
$100k-200k	8	$1,080,000	$135,000	$0	0.00%
$600k-1MM	5	$3,475,000	$695,000	$0	0.00%
$1MM+	4	$6,420,000	$1,605,000	$0	0.00%

2024 saw Haverhill Bank place emphasis on $200k-400k loans with 16 originations, totaling $5,270,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$150k-250k	19	$7,965,000	$419,211	$0	0.00%
$100k-150k	15	$3,285,000	$219,000	$0	0.00%
$250k+	8	$4,980,000	$622,500	$0	0.00%
$50k-75k	5	$375,000	$75,000	$0	0.00%
$75k-100k	5	$895,000	$179,000	$0	0.00%
$50k or less	1	$35,000	$35,000	$0	0.00%

Haverhill Bank lent most frequently to those with incomes in the $150k-250k range, with 19 originations. The second most popular income band? $100k-150k, with 15 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	61	$24,315,000	$398,607	$0	0.00%

Haverhill Bank lent most frequently to those with DTI ratios of Exempt%, with 61 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	43	$13,605,000	$316,395	$0	0.00%
Not applicable	8	$6,780,000	$847,500	$0	0.00%
Not provided	8	$3,370,000	$421,250	$0	0.00%
Asian Indian	1	$465,000	$465,000	$0	0.00%
Black	1	$95,000	$95,000	$0	0.00%

Approval Rates

Total approvals of all applications
76.64%

Haverhill Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
67.21%

Haverhill Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	61	$24,315,000	$398,607

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	61	$24,315,000	$398,607