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)

    • Review & Overview

    Envision Bank is a smaller bank specializing in Home Purchase loans. Envision Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Boston, Providence, Worcester, Barnstable Town, and Springfield among others. We have data for 26 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

    1,246

    Origination Dollar Volume (All Markets)

    $471,320,000
    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) 659 $281,895,000 $427,762 $4,134 4.17%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 329 $99,585,000 $302,690 $4,850 4.30%
    WORCESTER, MA-CT (FHA|USDA|VA) 131 $46,185,000 $352,557 $3,936 4.22%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 37 $13,935,000 $376,622 $4,202 3.79%
    SPRINGFIELD, MA (FHA|USDA|VA) 23 $5,245,000 $228,043 $5,599 4.35%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 8 $3,090,000 $386,250 $4,261 4.13%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 10 $2,950,000 $295,000 $4,849 4.46%
    Lebanon, NH-VT (FHA|USDA|VA) 9 $2,625,000 $291,667 $4,054 3.75%
    Outside of Metro Areas 8 $2,230,000 $278,750 $5,339 4.14%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $2,110,000 $1,055,000 $4,277 4.63%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 5 $2,055,000 $411,000 $3,108 3.40%
    Vineyard Haven, MA (FHA|USDA|VA) 2 $1,710,000 $855,000 $12,443 3.63%
    Concord, NH (FHA|USDA|VA) 3 $1,465,000 $488,333 $4,596 3.75%
    Laconia, NH (FHA|USDA|VA) 3 $1,355,000 $451,667 $4,604 4.33%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $870,000 $435,000 $7,177 3.75%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $645,000 $645,000 $3,948 3.25%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $575,000 $191,667 $3,927 4.46%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $540,000 $270,000 $4,847 3.75%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $460,000 $230,000 $3,594 3.44%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $325,000 $325,000 $3,388 5.88%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $285,000 $285,000 $3,827 4.88%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $255,000 $255,000 $4,388 4.63%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $255,000 $255,000 $0 3.24%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $235,000 $235,000 $5,497 3.88%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $235,000 $235,000 $7,458 5.63%
    Keene, NH (FHA|USDA|VA) 1 $205,000 $205,000 $2,018 3.25%
    Envision Bank's top markets include Boston, Providence, Worcester, Barnstable Town, and Springfield 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.

    Homestar Mortgage, Inc.
    Similarity Rank: 8
    Rhode Island Credit Union
    Similarity Rank: 15
    SOMERSET
    Similarity Rank: 21
    Triangle Credit Union
    Similarity Rank: 30
    QUINCY CREDIT UNION
    Similarity Rank: 50
    HOMEFIELD
    Similarity Rank: 72
    SCIENT Federal Credit Union
    Similarity Rank: 104
    ARRHA Credit Union
    Similarity Rank: 105
    Direct Federal Credit Union
    Similarity Rank: 115
    Charter Oak Federal Credit Union
    Similarity Rank: 119

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 878 $392,120,000 $446,606 $3,727 4.19%
    HELOC 281 $43,515,000 $154,858 n/a 4.18%
    FHA 77 $30,375,000 $394,481 $10,643 4.27%
    VA 10 $5,310,000 $531,000 $8,213 4.26%

    For 2022, Envision Bank's most frequently originated type of loan was Conventional, with 878 originations. Their 2nd most popular type was HELOC, with 281 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 667 $296,195,000 $444,070 $4,819 4.39%
    Refi 196 $79,450,000 $405,357 $3,307 3.75%
    Cash Out Refi 153 $60,315,000 $394,216 $3,593 4.04%
    Other 151 $24,455,000 $161,954 $3,239 4.00%
    Home Improvement 79 $10,905,000 $138,038 $3,193 4.27%

    For 2022, Envision Bank's most frequently cited loan purpose was Home Purchase, with 667 originations. The 2nd most popular reason was Refi, with 196 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 872 $383,930,000 $440,287 $4,476 4.29%
    Other 289 $46,955,000 $162,474 $3,230 4.16%
    15 Year 56 $16,310,000 $291,250 $2,750 3.12%
    20 Year 15 $6,625,000 $441,667 $3,504 3.49%
    10 Year 12 $16,050,000 $1,337,500 $2,025 3.76%
    5 Year 1 $975,000 $975,000 $0 3.75%
    1 Year 1 $475,000 $475,000 $4,633 4.13%

    For 2022, Envision Bank's most frequently cited loan duration was 30 Year, with 872 originations. The 2nd most popular length was Other, with 289 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 710 $314,990,000 $443,648
    $1k-2k 48 $14,920,000 $310,833
    $2k-3k 32 $10,790,000 $337,188
    $3k-4k 23 $11,065,000 $481,087
    $5k+ 18 $11,900,000 $661,111
    $4k-5k 14 $8,010,000 $572,143

    Envision Bank's average total fees were $4,476, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 710 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 484 $206,630,000 $426,921
    4-5% 371 $141,875,000 $382,412
    5-6% 229 $70,895,000 $309,585
    2.5-3% 122 $39,050,000 $320,082
    6-7% 25 $8,405,000 $336,200
    <2.5% 11 $3,345,000 $304,091
    7-8% 4 $1,120,000 $280,000

    During 2022, Envision Bank's average interest rate for loans was 4.29%, while their most frequently originated rate bucket for loans was 3-4%, with 484 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 497 $145,545,000 $292,847 $4,033 4.23%
    $400k-600k 283 $137,735,000 $486,696 $4,541 4.20%
    $100k-200k 180 $26,730,000 $148,500 $2,983 4.26%
    $600k-1MM 146 $105,780,000 $724,521 $5,108 3.99%
    $100,000 or less 106 $6,130,000 $57,830 $1,898 4.21%
    $1MM+ 34 $49,400,000 $1,452,941 $6,910 3.97%

    2022 saw Envision Bank place emphasis on $200k-400k loans with 497 originations, totaling $145,545,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 325 $111,575,000 $343,308 $4,689 4.20%
    $150k-250k 301 $126,005,000 $418,621 $4,128 4.14%
    $75k-100k 215 $62,385,000 $290,163 $4,362 4.35%
    $250k+ 194 $111,140,000 $572,887 $4,655 4.07%
    $50k-75k 150 $34,750,000 $231,667 $4,138 4.24%
    $50k or less 47 $7,535,000 $160,319 $3,193 4.20%

    Envision Bank lent most frequently to those with incomes in the $100k-150k range, with 325 originations. The second most popular income band? $150k-250k, with 301 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 244 $85,200,000 $349,180 $4,044 4.16%
    20-30% 230 $86,380,000 $375,565 $3,742 4.09%
    42% 82 $26,880,000 $327,805 $4,207 4.29%
    43% 69 $21,795,000 $315,870 $4,217 4.26%
    40% 62 $26,750,000 $431,452 $4,948 4.11%
    <20% 56 $19,160,000 $342,143 $3,201 4.04%
    38% 55 $21,695,000 $394,455 $4,445 4.16%
    41% 52 $19,280,000 $370,769 $5,186 4.44%
    37% 50 $17,030,000 $340,600 $4,203 4.15%
    47% 47 $18,415,000 $391,809 $4,462 4.22%
    44% 47 $17,725,000 $377,128 $3,882 4.49%
    39% 46 $17,330,000 $376,739 $4,718 4.25%
    49% 36 $14,070,000 $390,833 $4,519 4.17%
    36% 35 $13,895,000 $397,000 $4,004 4.22%
    45% 33 $13,175,000 $399,242 $4,704 4.31%
    46% 33 $13,045,000 $395,303 $5,432 4.30%
    48% 30 $11,460,000 $382,000 $4,505 4.25%
    50-60% 25 $10,105,000 $404,200 $9,255 4.18%

    Envision Bank lent most frequently to those with DTI ratios of 30-36%, with 244 originations. The next most common DTI ratio? 20-30%, with 230 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 907 $333,255,000 $367,426 $4,241 4.20%
    Asian 98 $41,220,000 $420,612 $3,754 4.06%
    Not provided 122 $38,210,000 $313,197 $4,495 4.09%
    Black 90 $32,650,000 $362,778 $6,074 4.37%
    Not applicable 13 $17,525,000 $1,348,077 $0 3.95%
    Asian Indian 10 $5,150,000 $515,000 $4,064 4.13%
    Chinese 2 $1,760,000 $880,000 $3,735 4.31%
    Vietnamese 1 $545,000 $545,000 $4,270 5.63%
    Other Asian 1 $535,000 $535,000 $3,738 5.13%
    Other Pacific Islander 1 $415,000 $415,000 $0 6.63%
    American Indian 1 $55,000 $55,000 $2,618 3.75%

    Approval Rates

    Total approvals of all applications
    94.95%

    Envision Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.79%

    Envision Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,246 $471,320,000 $378,266

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,246 $471,320,000 $378,266

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 183 $46,895,000 $256,257 $3,193 4.04%
    40-60% 195 $72,925,000 $373,974 $3,339 3.95%
    60-80% 379 $175,305,000 $462,546 $3,890 4.25%
    80-100% 331 $160,485,000 $484,849 $5,501 4.36%
    Over 100% 2 $750,000 $375,000 $13,257 3.94%
    Under 20% 156 $14,960,000 $95,897 $2,458 4.21%