Envision Bank Mortgage Rates, Fees & Info

Randolph, MA

LEI: 549300UCNB01VMT4GV61

Tax ID: 74-3073286

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Envision Bank is a smaller bank specializing in Home Purchase and Refi loans. Envision Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Boston, Providence, Worcester, Springfield, and Barnstable Town among others. We have data for 30 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Envision 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. Envision Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.10% 12/16/24
    30 Year Conventional Purchase 6.28% 12/16/24
    30 Year Conventional Refi 6.35% 12/16/24
    30 Year Cash-out Refi 6.47% 12/16/24
    30 Year FHA Purchase 7.25% 12/16/24
    30 Year FHA Refi 6.33% 12/16/24
    30 Year VA Purchase 6.28% 12/16/24
    30 Year VA Refi 6.27% 12/16/24
    30 Year USDA Purchase 6.27% 12/16/24
    15 Year Conventional Purchase 5.88% 12/16/24
    15 Year Conventional Refi 5.87% 12/16/24
    15 Year Cash-out Refi 5.87% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Envision Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Envision Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    2,846

    Origination Dollar Volume (All Markets)

    $958,570,000

    Employee count

    210 Show all (12) awards

    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) 1,466 $566,330,000 $386,310 $3,567 4.02%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 643 $188,555,000 $293,243 $3,813 4.02%
    WORCESTER, MA-CT (FHA|USDA|VA) 260 $77,920,000 $299,692 $3,340 4.02%
    SPRINGFIELD, MA (FHA|USDA|VA) 217 $49,835,000 $229,654 $3,987 4.10%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 72 $25,390,000 $352,639 $3,631 3.98%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 49 $12,765,000 $260,510 $3,371 4.07%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 36 $8,220,000 $228,333 $4,126 3.99%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 12 $4,060,000 $338,333 $2,659 3.82%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 9 $3,885,000 $431,667 $3,009 3.64%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 12 $2,960,000 $246,667 $3,405 4.03%
    Outside of Metro Areas 9 $2,685,000 $298,333 $2,987 4.13%
    Vineyard Haven, MA (FHA|USDA|VA) 4 $2,170,000 $542,500 $3,855 3.97%
    Lebanon, NH-VT (FHA|USDA|VA) 9 $2,055,000 $228,333 $2,977 4.15%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 8 $1,980,000 $247,500 $4,314 4.64%
    Laconia, NH (FHA|USDA|VA) 5 $1,775,000 $355,000 $2,355 4.28%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 7 $1,465,000 $209,286 $3,461 3.96%
    Concord, NH (FHA|USDA|VA) 4 $1,270,000 $317,500 $2,859 4.47%
    Keene, NH (FHA|USDA|VA) 6 $1,200,000 $200,000 $2,842 4.35%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $640,000 $320,000 $3,696 4.19%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $615,000 $205,000 $3,237 4.21%
    Torrington, CT (FHA|USDA|VA) 2 $560,000 $280,000 $2,751 4.19%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $410,000 $205,000 $3,059 4.63%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $400,000 $200,000 $3,403 3.94%
    OCALA, FL (FHA|USDA|VA) 1 $305,000 $305,000 $5,858 3.63%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $215,000 $215,000 $2,665 4.13%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $205,000 $205,000 $2,735 4.00%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $205,000 $205,000 $2,338 4.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,663 4.25%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $155,000 $155,000 $3,084 3.63%
    Berlin, NH (FHA|USDA|VA) 1 $155,000 $155,000 $2,611 4.50%
    Envision Bank's top markets include Boston, Providence, Worcester, Springfield, and Barnstable Town among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Envision Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SOMERSET
    Similarity Rank: 26
    The Torrington Savings Bank
    Similarity Rank: 45
    SOUTHBRIDGE CREDIT UNION
    Similarity Rank: 80
    Florence Bank
    Similarity Rank: 96
    Rhode Island Credit Union
    Similarity Rank: 116
    Stafford Savings Bank
    Similarity Rank: 124
    CASCO
    Similarity Rank: 126
    HOLYOKE
    Similarity Rank: 132
    First Ipswich Bank
    Similarity Rank: 139
    POLISH NATIONAL
    Similarity Rank: 152

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,462 $843,180,000 $342,478 $3,088 4.03%
    FHA 303 $89,725,000 $296,122 $7,877 4.08%
    VA 75 $24,065,000 $320,867 $4,137 3.96%
    USDA 6 $1,600,000 $266,667 $5,693 3.98%

    For 2019, Envision Bank's most frequently originated type of loan was Conventional, with 2,462 originations. Their 2nd most popular type was FHA, with 303 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,376 $453,460,000 $329,549 $4,198 4.12%
    Refi 891 $324,125,000 $363,777 $3,001 3.81%
    Cash Out Refi 569 $177,925,000 $312,698 $3,268 4.13%
    Home Improvement 6 $2,040,000 $340,000 $3,623 4.50%
    Other 4 $1,020,000 $255,000 $2,897 4.47%

    For 2019, Envision Bank's most frequently cited loan purpose was Home Purchase, with 1,376 originations. The 2nd most popular reason was Refi, with 891 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,444 $849,830,000 $347,721 $3,794 4.11%
    15 Year 205 $49,125,000 $239,634 $2,411 3.37%
    20 Year 136 $40,830,000 $300,221 $2,688 3.78%
    Other 41 $14,045,000 $342,561 $2,952 3.84%
    10 Year 15 $3,005,000 $200,333 $2,413 3.43%
    30+ year 5 $1,735,000 $347,000 $4,616 4.25%

    For 2019, Envision Bank's most frequently cited loan duration was 30 Year, with 2,444 originations. The 2nd most popular length was 15 Year, with 205 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,412 $822,560,000 $341,028
    $1k-2k 165 $49,525,000 $300,152
    $2k-3k 48 $17,770,000 $370,208
    $4k-5k 14 $5,860,000 $418,571
    $3k-4k 12 $4,140,000 $345,000
    $5k+ 9 $4,575,000 $508,333

    Envision Bank's average total fees were $3,794, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,412 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,694 $592,210,000 $349,593
    4-5% 985 $323,035,000 $327,954
    5-6% 122 $35,750,000 $293,033
    <2.5% 20 $140,000 $7,000
    2.5-3% 20 $6,290,000 $314,500
    6-7% 5 $1,145,000 $229,000

    During 2019, Envision Bank's average interest rate for loans was 4.11%, while their most frequently originated rate bucket for loans was 3-4%, with 1,694 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,600 $474,220,000 $296,388 $3,732 4.04%
    $400k-600k 632 $298,210,000 $471,851 $3,696 3.99%
    $100k-200k 403 $64,015,000 $158,846 $3,065 4.13%
    $600k-1MM 128 $91,340,000 $713,594 $4,036 4.06%
    $100,000 or less 62 $3,510,000 $56,613 $1,525 3.32%
    $1MM+ 21 $27,275,000 $1,298,810 $6,068 4.04%

    2019 saw Envision Bank place emphasis on $200k-400k loans with 1,600 originations, totaling $474,220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 706 $244,610,000 $346,473 $3,650 4.04%
    $150k-250k 594 $244,850,000 $412,205 $3,234 4.02%
    $75k-100k 531 $153,955,000 $289,934 $3,621 4.09%
    $50k-75k 516 $120,490,000 $233,508 $3,910 4.02%
    $250k+ 266 $144,050,000 $541,541 $3,472 3.99%
    $50k or less 144 $23,700,000 $164,583 $3,343 4.06%

    Envision Bank lent most frequently to those with incomes in the $100k-150k range, with 706 originations. The second most popular income band? $150k-250k, with 594 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 575 $211,715,000 $368,200 $3,094 3.92%
    30-36% 524 $181,360,000 $346,107 $3,339 4.00%
    <20% 176 $58,240,000 $330,909 $2,813 3.87%
    43% 135 $40,725,000 $301,667 $3,637 4.17%
    39% 132 $43,740,000 $331,364 $3,816 4.13%
    42% 121 $37,145,000 $306,983 $3,251 4.04%
    41% 111 $36,555,000 $329,324 $3,427 4.07%
    40% 109 $36,985,000 $339,312 $3,618 4.11%
    45% 104 $33,850,000 $325,481 $3,906 4.18%
    44% 102 $32,050,000 $314,216 $3,440 4.14%
    49% 95 $31,445,000 $331,000 $4,007 4.15%
    50-60% 95 $30,175,000 $317,632 $7,600 4.11%
    37% 93 $32,025,000 $344,355 $3,313 4.08%
    36% 89 $31,835,000 $357,697 $3,297 4.05%
    38% 78 $25,490,000 $326,795 $3,420 4.09%
    46% 74 $23,690,000 $320,135 $4,219 4.16%
    47% 73 $22,245,000 $304,726 $4,326 4.17%
    48% 64 $20,030,000 $312,969 $4,199 4.09%
    >60% 5 $1,795,000 $359,000 $4,528 4.05%

    Envision Bank lent most frequently to those with DTI ratios of 20-30%, with 575 originations. The next most common DTI ratio? 30-36%, with 524 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,394 $802,650,000 $335,276 $3,518 4.01%
    Asian 151 $57,635,000 $381,689 $3,456 4.01%
    Black 161 $50,465,000 $313,447 $4,899 4.20%
    Not provided 128 $44,080,000 $344,375 $4,247 4.15%
    American Indian 7 $2,215,000 $316,429 $5,350 4.05%
    Asian Indian 2 $700,000 $350,000 $3,385 4.81%
    Other Pacific Islander 1 $345,000 $345,000 $3,419 4.38%
    Other Asian 1 $295,000 $295,000 $5,445 3.88%
    Guamanian 1 $185,000 $185,000 $4,077 3.75%

    Approval Rates

    Total approvals of all applications
    96.48%

    Envision 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
    84.79%

    Envision Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,846 $958,570,000 $336,813

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 2,846 $958,570,000 $336,813

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 127 $33,195,000 $261,378 $2,703 3.80%
    40-60% 433 $142,065,000 $328,095 $2,785 3.85%
    60-80% 1,109 $408,605,000 $368,445 $3,100 4.09%
    80-100% 1,123 $366,985,000 $326,790 $4,546 4.11%
    Over 100% 12 $4,390,000 $365,833 $10,970 4.10%
    Under 20% 42 $3,330,000 $79,286 $1,270 2.64%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Envision Bank 129 North Main Street Randolph, MA 2368 Full Service B&M $201,989
    Envision Bank 497 Washington Street Stoughton, MA 2072 Full Service B&M $90,895
    Envision Bank 50 South Franklin Street Holbrook, MA 2343 Full Service B&M $47,121
    Envision Bank 87 Sharon Street Stoughton, MA 2072 Full Service B&M $50,769
    Envision Bank One Rockdale Street Braintree, MA 2184 Full Service B&M $58,681

    For 2019, Envision Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $25,231
    Net interest income $17,833
    Total noninterest income $21,647
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $695
    Trading account gains and fees $0
    Additional Noninterest Income $20,952
    Pre-tax net operating income $3,489
    Securities gains (or losses, -) $16
    Income before extraordinary items $3,390
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,390
    Minority interest net income $0
    Net income $3,390
    Sale, conversion, retirement of capital stock, net $1,142
    Net operating income $3,374

    Envision Bank's gross interest income from loans was $25,231,000.
    Envision Bank's net interest income from loans was $17,833,000.
    Envision Bank's fee based income from loans was $695,000.
    Envision Bank's net income from loans was $3,390,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,398
    Provision for credit losses $0
    Total noninterest expense $35,991
    Salaries and employee benefits $24,814
    Premises and equipment expense $2,783
    Additional noninterest expense $8,394
    Applicable income taxes $115
    Net charge-offs $157
    Cash dividends $0

    Envision Bank's interest expense for loans was $7,398,000.
    Envision Bank's payroll and benefits expense were $24,814,000.
    Envision Bank's property, plant and equipment expenses $2,783,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $503,190
    Deposits held in domestic offices $503,190
    Deposits by Individuals, partnerships, and corporations $498,935
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,255
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $106,995
    Demand deposits $65,066
    Nontransaction accounts $396,195
    Money market deposit accounts (MMDAs) $79,444
    Other savings deposits (excluding MMDAs) $126,877
    Total time deposits $189,874
    Total time and savings deposits $438,124
    Noninterest-bearing deposits $65,699
    Interest-bearing deposits $437,491
    Retail deposits $390,625
    IRAs and Keogh plan accounts $19,335
    Brokered deposits $90,858
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $631,256
    Cash & Balances due from depository institutions $8,757
    Interest-bearing balances $4,371
    Total securities $57,503
    Federal funds sold & reverse repurchase $0
    Net loans and leases $531,923
    Loan and leases loss allowance $4,280
    Trading account assets $0
    Bank premises and fixed assets $5,748
    Other real estate owned $0
    Goodwill and other intangibles $8,612
    All other assets $18,713

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $631,256
    Total Liabilities $558,384
    Total deposits $503,190
    Interest-bearing deposits $437,491
    Deposits held in domestic offices $503,190
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $48,565
    Subordinated debt $0
    All other liabilities $6,629

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $531,923
    Loan and leases loss allowance $4,280
    Total loans and leases (domestic) $536,203
    All real estate loans $511,397
    Real estate loans in domestic offices $511,397
    Construction and development loans $35,238
    Residential 1-4 family construction $20,471
    Other construction, all land development and other land $14,767
    Loans secured by nonfarm nonresidential properties $92,368
    Nonfarm nonresidential secured by owner-occupied properties $28,134
    Commercial real estate & other non-farm, non-residential $64,234
    Multifamily residential real estate $11,086
    1-4 family residential loans $372,705
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $9,094
    To non-U.S. addressees $0
    Loans to individuals $15,645
    Credit card loans $0
    Related Plans $62
    Consumer Auto Loans $9,365
    Other loans to individuals $6,218
    All other loans & leases $67
    Loans to foreign governments and official institutions $0
    Other loans $67
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,149
    Non 1-4 family restructured loans & leases $46
    Total loans and leases (foreign) $0

    Envision Bank had $531,923,000 of loans outstanding in 2019. $511,397,000 of loans were in real estate loans. $35,238,000 of loans were in development loans. $11,086,000 of loans were in multifamily mortgage loans. $372,705,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $9,365,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 80 $25,779 $322,238
    Nonfarm, nonresidential loans - <$100k 7 $355 $50,714
    Nonfarm, nonresidential loans - $100-250k 15 $2,033 $135,533
    Nonfarm, nonresidential loans - $250k-1MM 58 $23,391 $403,293
    Commercial & Industrial, US addressed loans - <$1MM 55 $6,424 $116,800
    Commercial & Industrial, US addressed loans - <$100k 30 $1,124 $37,467
    Commercial & Industrial, US addressed loans - $100-250k 13 $1,542 $118,615
    Commercial & Industrial, US addressed loans - $250k-1MM 12 $3,758 $313,167