Haverhill Bank Mortgage Rates, Fees & Info

Haverhill, MA

LEI: 549300T92XVMWQW75772

Tax ID: 04-1426920

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Mortgage 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, Manchester, Worcester, Concord, and Portland among others. We have data for 10 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

174

Origination Dollar Volume (All Markets)

$61,160,000

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) 155 $53,515,000 $345,258 $0 0.00%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 4 $2,270,000 $567,500 $0 0.00%
Outside of Metro Areas 4 $1,330,000 $332,500 $0 0.00%
WORCESTER, MA-CT (FHA|USDA|VA) 3 $1,085,000 $361,667 $0 0.00%
Concord, NH (FHA|USDA|VA) 3 $825,000 $275,000 $0 0.00%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $805,000 $805,000 $0 0.00%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $495,000 $495,000 $0 0.00%
Laconia, NH (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
Lebanon, NH-VT (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Haverhill Bank's top markets include Boston, Manchester, Worcester, Concord, and Portland 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 174 $61,160,000 $351,494 $0 0.00%

    For 2022, Haverhill Bank's most frequently originated type of loan was Conventional, with 174 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 94 $39,270,000 $417,766 $0 0.00%
    Cash Out Refi 39 $11,475,000 $294,231 $0 0.00%
    Home Improvement 18 $3,190,000 $177,222 $0 0.00%
    NA 9 $3,555,000 $395,000 $0 0.00%
    Refi 9 $2,405,000 $267,222 $0 0.00%
    Other 5 $1,265,000 $253,000 $0 0.00%

    For 2022, Haverhill Bank's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Cash Out Refi, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 174 $61,160,000 $351,494 $0 0.00%

    For 2022, Haverhill Bank's most frequently cited loan duration was Other, with 174 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 69 $19,235,000 $278,768 $0 0.00%
    $400k-600k 50 $24,450,000 $489,000 $0 0.00%
    $100k-200k 22 $3,480,000 $158,182 $0 0.00%
    $100,000 or less 17 $965,000 $56,765 $0 0.00%
    $600k-1MM 14 $10,200,000 $728,571 $0 0.00%
    $1MM+ 2 $2,830,000 $1,415,000 $0 0.00%

    2022 saw Haverhill Bank place emphasis on $200k-400k loans with 69 originations, totaling $19,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 51 $16,185,000 $317,353 $0 0.00%
    $150k-250k 45 $19,975,000 $443,889 $0 0.00%
    $75k-100k 33 $7,665,000 $232,273 $0 0.00%
    $250k+ 15 $8,245,000 $549,667 $0 0.00%
    $50k-75k 13 $2,465,000 $189,615 $0 0.00%
    $50k or less 6 $2,330,000 $388,333 $0 0.00%

    Haverhill Bank lent most frequently to those with incomes in the $100k-150k range, with 51 originations. The second most popular income band? $150k-250k, with 45 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 174 $61,160,000 $351,494 $0 0.00%

    Haverhill Bank lent most frequently to those with DTI ratios of Exempt%, with 174 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 117 $41,085,000 $351,154 $0 0.00%
    Not provided 42 $14,480,000 $344,762 $0 0.00%
    Not applicable 9 $3,555,000 $395,000 $0 0.00%
    Black 5 $1,835,000 $367,000 $0 0.00%
    Asian 1 $205,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.89%

    Haverhill Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.74%

    Haverhill Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 174 $61,160,000 $351,494

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    174 $61,160,000 $351,494