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 small bank specializing in Refi and Home Purchase loans. Envision Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Boston, Providence, Worcester, Barnstable Town, and Manchester among others. We have data for 34 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 an above 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

    3,857

    Origination Dollar Volume (All Markets)

    $1,455,845,000

    Employee count

    183 Show all (13) 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) 2,262 $937,120,000 $414,288 $3,283 2.98%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 861 $277,075,000 $321,806 $3,571 3.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 311 $106,465,000 $342,331 $3,082 3.04%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 120 $45,400,000 $378,333 $3,261 2.97%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 63 $17,375,000 $275,794 $3,317 2.97%
    SPRINGFIELD, MA (FHA|USDA|VA) 61 $13,535,000 $221,885 $3,467 2.98%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 34 $9,050,000 $266,176 $2,802 2.99%
    Outside of Metro Areas 19 $7,725,000 $406,579 $3,266 3.07%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 12 $7,660,000 $638,333 $3,838 2.94%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 16 $6,660,000 $416,250 $3,264 2.98%
    Laconia, NH (FHA|USDA|VA) 12 $4,300,000 $358,333 $2,464 3.06%
    Concord, NH (FHA|USDA|VA) 13 $3,375,000 $259,615 $2,460 3.05%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 8 $2,980,000 $372,500 $6,118 2.88%
    Lebanon, NH-VT (FHA|USDA|VA) 14 $2,780,000 $198,571 $2,725 3.24%
    Vineyard Haven, MA (FHA|USDA|VA) 3 $2,125,000 $708,333 $3,219 2.83%
    Keene, NH (FHA|USDA|VA) 10 $2,120,000 $212,000 $2,511 3.06%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 5 $1,635,000 $327,000 $2,714 2.98%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 4 $1,360,000 $340,000 $2,471 2.78%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,130,000 $282,500 $3,791 3.44%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $730,000 $182,500 $3,330 2.78%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $720,000 $360,000 $5,018 3.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $715,000 $238,333 $3,515 2.75%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $605,000 $201,667 $4,144 2.96%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $560,000 $280,000 $3,470 3.25%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $445,000 $445,000 $3,080 3.25%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $310,000 $155,000 $0 3.75%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $305,000 $305,000 $3,834 3.38%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $295,000 $295,000 $0 3.00%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $275,000 $275,000 $0 3.50%
    Bennington, VT (FHA|USDA|VA) 1 $255,000 $255,000 $2,964 2.75%
    Torrington, CT (FHA|USDA|VA) 1 $245,000 $245,000 $2,030 3.50%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,802 3.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 1 $155,000 $155,000 $2,284 2.63%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,660 3.00%
    Envision Bank's top markets include Boston, Providence, Worcester, Barnstable Town, and Manchester among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Maine (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: 87
    INFINITY Federal Credit Union
    Similarity Rank: 136
    Homestar Mortgage, Inc.
    Similarity Rank: 156
    CASCO
    Similarity Rank: 226
    TOWN & COUNTRY FEDERAL CREDIT UNION
    Similarity Rank: 240
    Freedom Credit Union
    Similarity Rank: 266
    SCIENT Federal Credit Union
    Similarity Rank: 286
    GREATER SPRINGFIELD CREDIT UNION
    Similarity Rank: 336
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 396
    Florence Bank
    Similarity Rank: 400

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,627 $1,366,625,000 $376,792 $2,978 3.01%
    FHA 170 $66,020,000 $388,353 $9,558 2.77%
    VA 54 $21,380,000 $395,926 $6,480 2.62%
    USDA 6 $1,820,000 $303,333 $6,348 2.58%

    For 2021, Envision Bank's most frequently originated type of loan was Conventional, with 3,627 originations. Their 2nd most popular type was FHA, with 170 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,845 $664,285,000 $360,046 $2,670 2.86%
    Home Purchase 1,202 $515,120,000 $428,552 $4,577 3.05%
    Cash Out Refi 775 $264,105,000 $340,781 $3,057 3.21%
    Other 32 $11,490,000 $359,063 $2,890 3.16%
    Home Improvement 3 $845,000 $281,667 $2,583 3.21%

    For 2021, Envision Bank's most frequently cited loan purpose was Refi, with 1,845 originations. The 2nd most popular reason was Home Purchase, with 1,202 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,760 $1,105,010,000 $400,366 $3,649 3.11%
    15 Year 575 $162,155,000 $282,009 $2,447 2.53%
    20 Year 324 $105,830,000 $326,636 $2,493 2.87%
    Other 98 $47,010,000 $479,694 $2,937 2.99%
    10 Year 86 $27,260,000 $316,977 $2,279 2.63%
    30+ year 10 $5,220,000 $522,000 $5,704 3.74%
    1 Year 2 $1,360,000 $680,000 $6,356 4.00%
    5 Year 2 $2,000,000 $1,000,000 $0 3.88%

    For 2021, Envision Bank's most frequently cited loan duration was 30 Year, with 2,760 originations. The 2nd most popular length was 15 Year, with 575 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3,327 $1,249,085,000 $375,439
    $1k-2k 74 $18,600,000 $251,351
    $2k-3k 44 $16,120,000 $366,364
    $3k-4k 28 $12,240,000 $437,143
    $4k-5k 20 $8,080,000 $404,000
    $5k+ 20 $12,650,000 $632,500

    Envision Bank's average total fees were $3,649, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,327 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,903 $730,635,000 $383,939
    3-4% 1,333 $515,725,000 $386,890
    <2.5% 538 $166,490,000 $309,461
    4-5% 82 $42,710,000 $520,854
    5-6% 1 $285,000 $285,000

    During 2021, Envision Bank's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,903 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,948 $582,950,000 $299,256 $3,057 2.99%
    $400k-600k 1,002 $482,960,000 $481,996 $3,747 3.01%
    $100k-200k 501 $79,175,000 $158,034 $2,532 2.94%
    $600k-1MM 281 $205,065,000 $729,769 $4,717 3.07%
    $1MM+ 71 $101,975,000 $1,436,268 $5,989 3.16%
    $100,000 or less 54 $3,720,000 $68,889 $1,869 2.57%

    2021 saw Envision Bank place emphasis on $200k-400k loans with 1,948 originations, totaling $582,950,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,035 $377,685,000 $364,913 $3,174 2.99%
    $150k-250k 912 $384,840,000 $421,974 $3,194 3.01%
    $75k-100k 650 $199,610,000 $307,092 $3,321 2.99%
    $50k-75k 589 $152,865,000 $259,533 $3,580 3.01%
    $250k+ 465 $275,175,000 $591,774 $3,537 2.95%
    $50k or less 154 $26,720,000 $173,506 $2,799 2.99%

    Envision Bank lent most frequently to those with incomes in the $100k-150k range, with 1,035 originations. The second most popular income band? $150k-250k, with 912 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 942 $358,570,000 $380,648 $2,889 2.94%
    30-36% 748 $281,770,000 $376,698 $3,131 3.01%
    <20% 308 $115,470,000 $374,903 $2,690 2.85%
    44% 169 $61,335,000 $362,929 $3,810 3.06%
    43% 150 $51,360,000 $342,400 $3,622 3.11%
    37% 145 $53,295,000 $367,552 $3,209 3.00%
    42% 143 $53,345,000 $373,042 $3,409 3.07%
    38% 139 $50,275,000 $361,691 $3,224 3.01%
    40% 138 $47,990,000 $347,754 $3,447 3.12%
    41% 131 $55,425,000 $423,092 $3,606 3.03%
    45% 130 $47,330,000 $364,077 $3,657 3.02%
    36% 123 $45,085,000 $366,545 $3,246 3.00%
    39% 115 $43,045,000 $374,304 $3,215 3.10%
    47% 97 $33,405,000 $344,381 $3,984 2.94%
    49% 94 $33,290,000 $354,149 $4,225 3.03%
    48% 82 $28,890,000 $352,317 $3,591 3.03%
    46% 77 $26,395,000 $342,792 $3,252 3.04%
    50-60% 67 $28,485,000 $425,149 $8,237 2.87%
    >60% 3 $1,105,000 $368,333 $3,494 3.04%

    Envision Bank lent most frequently to those with DTI ratios of 20-30%, with 942 originations. The next most common DTI ratio? 30-36%, with 748 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,025 $1,110,225,000 $367,017 $3,204 2.99%
    Not provided 328 $128,400,000 $391,463 $3,696 3.02%
    Asian 254 $105,700,000 $416,142 $3,123 2.94%
    Black 209 $73,405,000 $351,220 $4,840 3.02%
    Not applicable 15 $26,425,000 $1,761,667 $0 3.78%
    Asian Indian 13 $6,055,000 $465,769 $3,113 2.90%
    Chinese 5 $2,645,000 $529,000 $2,343 3.55%
    American Indian 5 $1,955,000 $391,000 $4,245 3.00%
    Native Hawaiian or Islander 1 $655,000 $655,000 $8,494 3.63%
    Vietnamese 1 $215,000 $215,000 $2,560 3.00%
    Other Pacific Islander 1 $165,000 $165,000 $2,385 2.50%

    Approval Rates

    Total approvals of all applications
    96.01%

    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
    90.61%

    Envision Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,857 $1,455,845,000 $377,455

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,857 $1,455,845,000 $377,455

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 439 $119,235,000 $271,606 $2,531 2.78%
    40-60% 1,168 $409,500,000 $350,599 $2,637 2.89%
    60-80% 1,430 $603,160,000 $421,790 $3,178 3.15%
    80-100% 761 $312,685,000 $410,887 $4,986 3.00%
    Over 100% 7 $3,745,000 $535,000 $16,377 2.66%
    Under 20% 52 $7,520,000 $144,615 $2,058 2.62%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Envision Bank 129 N Main St Randolph, MA 2368 Full Service B&M $265,690
    Envision Bank 497 Washington Street Stoughton, MA 2072 Full Service B&M $115,107
    Envision Bank 50 South Franklin Street Holbrook, MA 2343 Full Service B&M $64,581
    Envision Bank 87 Sharon Street Stoughton, MA 2072 Full Service B&M $66,435
    Envision Bank One Rockdale Street Braintree, MA 2184 Full Service B&M $71,884

    For 2021, Envision Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $24,112
    Net interest income $21,959
    Total noninterest income $31,924
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $580
    Trading account gains and fees $0
    Additional Noninterest Income $31,344
    Pre-tax net operating income $12,724
    Securities gains (or losses, -) $0
    Income before extraordinary items $9,649
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,649
    Minority interest net income $0
    Net income $9,649
    Sale, conversion, retirement of capital stock, net $1,595
    Net operating income $9,649

    Envision Bank's gross interest income from loans was $24,112,000.
    Envision Bank's net interest income from loans was $21,959,000.
    Envision Bank's fee based income from loans was $580,000.
    Envision Bank's net income from loans was $9,649,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,153
    Provision for credit losses $-438
    Total noninterest expense $41,597
    Salaries and employee benefits $28,173
    Premises and equipment expense $2,791
    Additional noninterest expense $10,633
    Applicable income taxes $3,075
    Net charge-offs $57
    Cash dividends $8,000

    Envision Bank's interest expense for loans was $2,153,000.
    Envision Bank's payroll and benefits expense were $28,173,000.
    Envision Bank's property, plant and equipment expenses $2,791,000.

    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 $643,936
    Deposits held in domestic offices $643,936
    Deposits by Individuals, partnerships, and corporations $585,224
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $28,957
    Deposits by Commercial banks and other depository institutions in U.S. $29,755
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $206,157
    Demand deposits $148,020
    Nontransaction accounts $437,779
    Money market deposit accounts (MMDAs) $97,761
    Other savings deposits (excluding MMDAs) $191,712
    Total time deposits $148,307
    Total time and savings deposits $495,916
    Noninterest-bearing deposits $149,326
    Interest-bearing deposits $494,610
    Retail deposits $573,573
    IRAs and Keogh plan accounts $18,212
    Brokered deposits $50,117
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $802,743
    Cash & Balances due from depository institutions $115,490
    Interest-bearing balances $111,948
    Total securities $51,666
    Federal funds sold & reverse repurchase $0
    Net loans and leases $589,387
    Loan and leases loss allowance $6,289
    Trading account assets $0
    Bank premises and fixed assets $9,490
    Other real estate owned $0
    Goodwill and other intangibles $15,640
    All other assets $21,070

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $802,743
    Total Liabilities $709,618
    Total deposits $643,936
    Interest-bearing deposits $494,610
    Deposits held in domestic offices $643,936
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $53,895
    Subordinated debt $0
    All other liabilities $11,787

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $589,387
    Loan and leases loss allowance $6,289
    Total loans and leases (domestic) $595,676
    All real estate loans $570,794
    Real estate loans in domestic offices $570,794
    Construction and development loans $33,965
    Residential 1-4 family construction $22,396
    Other construction, all land development and other land $11,569
    Loans secured by nonfarm nonresidential properties $129,790
    Nonfarm nonresidential secured by owner-occupied properties $30,864
    Commercial real estate & other non-farm, non-residential $98,926
    Multifamily residential real estate $30,794
    1-4 family residential loans $376,245
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $6,492
    To non-U.S. addressees $0
    Loans to individuals $7,616
    Credit card loans $0
    Related Plans $44
    Consumer Auto Loans $4,745
    Other loans to individuals $2,827
    All other loans & leases $10,774
    Loans to foreign governments and official institutions $0
    Other loans $10,774
    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 $1,201
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Envision Bank had $589,387,000 of loans outstanding in 2021. $570,794,000 of loans were in real estate loans. $33,965,000 of loans were in development loans. $30,794,000 of loans were in multifamily mortgage loans. $376,245,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $4,745,000 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 77 $34,128 $443,221
    Nonfarm, nonresidential loans - <$100k 7 $506 $72,286
    Nonfarm, nonresidential loans - $100-250k 11 $2,239 $203,545
    Nonfarm, nonresidential loans - $250k-1MM 59 $31,383 $531,915
    Commercial & Industrial, US addressed loans - <$1MM 69 $5,486 $79,507
    Commercial & Industrial, US addressed loans - <$100k 45 $694 $15,422
    Commercial & Industrial, US addressed loans - $100-250k 16 $1,430 $89,375
    Commercial & Industrial, US addressed loans - $250k-1MM 8 $3,362 $420,250