Total Mortgage Services Rates, Fees & Info

MILFORD, CT

LEI: 549300VJQJVZKJBDWS17

Tax ID: 06-1484285

2.7 stars - Updated: 2/19/24 - out of 5 stars, based on 76 reviews

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

Jump to:

Mortgage Data

Review & Overview

Total Mortgage Services is a small mortgage company specializing in Home Purchase loans. Total Mortgage Services has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Bridgeport, Boston, Hartford, New Haven, and Worcester among others. We have data for 156 markets. (Some data included below & more in-depth data is available with an active subscription.)

Total Mortgage Services 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. Total Mortgage Services is typically a high 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) 6.27% 2/19/24
30 Year Conventional Purchase 6.40% 2/19/24
30 Year Conventional Refi 6.66% 2/19/24
30 Year Cash-out Refi 6.86% 2/19/24
30 Year FHA Purchase 7.45% 2/19/24
30 Year FHA Refi 7.19% 2/19/24
30 Year VA Purchase 6.41% 2/19/24
30 Year VA Refi 6.44% 2/19/24
30 Year USDA Purchase 6.71% 2/19/24
15 Year Conventional Purchase 4.21% 2/19/24
15 Year Conventional Refi 6.10% 2/19/24
15 Year Cash-out Refi 6.10% 2/19/24
15 Year FHA Purchase 7.85% 2/19/24
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.

Total Mortgage Services Mortgage Calculator






Your Estimates

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

This is not an official calculator from Total Mortgage Services. 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

5,734

Origination Dollar Volume (All Markets)

$1,754,960,000

Awards

TOTAL MORTGAGE SERVICES 30 Year Conventional Loans gold TOTAL MORTGAGE SERVICES 30 Year Conventional Loans bronze TOTAL MORTGAGE SERVICES 30 Year Conventional Loans gold TOTAL MORTGAGE SERVICES 30 Year Conventional Loans bronze
Show all (4) awards

Relative Rate

Total Mortgage Services's average 30 year fixed mortgage rate was 4.91%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.15%.

Relative Fees (Closing Costs)

Total Mortgage Services's average total fees/closing costs for a 30 year fixed rate mortgage were $8,330.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 689 $262,775,000 $381,386 $9,266 4.72%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 675 $261,485,000 $387,385 $8,853 4.65%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 823 $196,995,000 $239,362 $5,895 4.45%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 737 $189,055,000 $256,520 $7,855 4.70%
WORCESTER, MA-CT (FHA|USDA|VA) 643 $180,105,000 $280,101 $7,786 4.78%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 395 $135,475,000 $342,975 $10,092 4.87%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 190 $67,460,000 $355,053 $7,372 4.90%
Torrington, CT (FHA|USDA|VA) 240 $59,320,000 $247,167 $6,870 4.56%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 125 $53,915,000 $431,320 $12,720 4.99%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 190 $44,700,000 $235,263 $6,024 4.66%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 96 $35,490,000 $369,688 $9,043 5.09%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 79 $28,345,000 $358,797 $6,964 5.16%
Outside of Metro Areas 91 $27,515,000 $302,363 $7,377 5.00%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 60 $18,110,000 $301,833 $8,859 5.14%
SPRINGFIELD, MA (FHA|USDA|VA) 78 $17,490,000 $224,231 $6,701 4.73%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 80 $17,480,000 $218,500 $4,805 4.67%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 48 $14,550,000 $303,125 $6,904 4.82%
PORT ST. LUCIE, FL (FHA|USDA|VA) 26 $8,420,000 $323,846 $7,084 4.78%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 25 $8,055,000 $322,200 $8,891 5.81%
PITTSFIELD, MA (FHA|USDA|VA) 22 $7,560,000 $343,636 $8,813 4.72%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 18 $5,270,000 $292,778 $8,025 4.74%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 12 $5,240,000 $436,667 $8,606 4.83%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 21 $5,175,000 $246,429 $5,248 4.46%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 14 $5,090,000 $363,571 $9,211 4.91%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 17 $4,815,000 $283,235 $8,274 4.78%
PUNTA GORDA, FL (FHA|USDA|VA) 14 $4,570,000 $326,429 $9,433 5.82%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 18 $4,400,000 $244,444 $6,956 4.85%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 11 $4,115,000 $374,091 $8,577 5.32%
BANGOR, ME (FHA|USDA|VA) 14 $3,780,000 $270,000 $5,321 4.67%
Concord, NH (FHA|USDA|VA) 12 $3,670,000 $305,833 $5,729 5.20%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 10 $3,210,000 $321,000 $7,520 5.16%
Augusta-Waterville, ME (FHA|USDA|VA) 9 $2,905,000 $322,778 $7,573 5.37%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 6 $2,430,000 $405,000 $7,681 4.08%
Keene, NH (FHA|USDA|VA) 10 $2,370,000 $237,000 $8,004 4.66%
Laconia, NH (FHA|USDA|VA) 7 $2,365,000 $337,857 $7,935 4.37%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $2,235,000 $745,000 $6,874 3.58%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $2,090,000 $348,333 $8,329 5.79%
Lebanon, NH-VT (FHA|USDA|VA) 9 $2,075,000 $230,556 $8,556 5.60%
COLUMBIA, SC (FHA|USDA|VA) 10 $2,020,000 $202,000 $8,208 5.76%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $1,955,000 $1,955,000 $6,603 4.88%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 6 $1,830,000 $305,000 $8,721 4.83%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $1,750,000 $437,500 $10,093 4.53%
KINGSTON, NY (FHA|USDA|VA) 5 $1,725,000 $345,000 $13,248 4.88%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 7 $1,615,000 $230,714 $11,388 4.73%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $1,280,000 $640,000 $9,723 5.75%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $1,205,000 $401,667 $8,074 5.75%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $1,170,000 $292,500 $8,908 4.94%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 5 $1,165,000 $233,000 $5,862 4.62%
WILMINGTON, NC (FHA|USDA|VA) 1 $1,145,000 $1,145,000 $5,215 3.63%
BINGHAMTON, NY (FHA|USDA|VA) 5 $1,035,000 $207,000 $7,125 5.73%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $1,025,000 $341,667 $6,157 5.88%
RACINE, WI (FHA|USDA|VA) 4 $1,010,000 $252,500 $5,059 4.94%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $1,000,000 $250,000 $8,168 4.03%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $940,000 $470,000 $17,007 3.81%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $895,000 $298,333 $4,336 6.38%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $895,000 $298,333 $10,168 4.29%
Hudson, NY (FHA|USDA|VA) 3 $885,000 $295,000 $13,631 5.83%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $865,000 $288,333 $4,980 4.00%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 4 $810,000 $202,500 $7,350 5.69%
Whitewater, WI (FHA|USDA|VA) 4 $780,000 $195,000 $3,159 4.59%
COLUMBUS, OH (FHA|USDA|VA) 2 $730,000 $365,000 $9,132 5.56%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $685,000 $228,333 $5,586 4.08%
EAST STROUDSBURG, PA (FHA|USDA|VA) 4 $670,000 $167,500 $6,935 5.91%
SHEBOYGAN, WI (FHA|USDA|VA) 3 $605,000 $201,667 $5,164 4.29%
PITTSBURGH, PA (FHA|USDA|VA) 3 $595,000 $198,333 $8,360 5.63%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $575,000 $191,667 $5,290 3.83%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $565,000 $565,000 $9,556 2.99%
Cullowhee, NC (FHA|USDA|VA) 2 $560,000 $280,000 $10,803 5.94%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $540,000 $270,000 $13,266 4.69%
READING, PA (FHA|USDA|VA) 2 $540,000 $270,000 $15,781 4.75%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $515,000 $515,000 $5,015 4.63%
SYRACUSE, NY (FHA|USDA|VA) 2 $510,000 $255,000 $10,610 4.94%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $505,000 $505,000 $8,344 5.38%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $505,000 $505,000 $3,879 4.25%
Okeechobee, FL (FHA|USDA|VA) 2 $500,000 $250,000 $8,207 4.56%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $465,000 $465,000 $13,946 4.88%
GREEN BAY, WI (FHA|USDA|VA) 2 $450,000 $225,000 $7,416 5.81%
BRUNSWICK, GA (FHA|USDA|VA) 1 $425,000 $425,000 $22,444 4.25%
MADISON, WI (FHA|USDA|VA) 3 $415,000 $138,333 $3,006 4.96%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $405,000 $405,000 $6,697 3.63%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $395,000 $395,000 $9,382 5.75%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $395,000 $395,000 $3,322 3.25%
Newberry, SC (FHA|USDA|VA) 2 $390,000 $195,000 $5,499 5.06%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $385,000 $385,000 $7,960 6.50%
SPARTANBURG, SC (FHA|USDA|VA) 2 $380,000 $190,000 $10,820 5.38%
MORRISTOWN, TN (FHA|USDA|VA) 1 $375,000 $375,000 $15,029 4.75%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $365,000 $365,000 $4,189 4.00%
Rutland, VT (FHA|USDA|VA) 1 $355,000 $355,000 $23,776 5.63%
ROCHESTER, NY (FHA|USDA|VA) 2 $350,000 $175,000 $7,967 6.13%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $345,000 $345,000 $13,425 5.63%
RICHMOND, VA (FHA|USDA|VA) 1 $345,000 $345,000 $4,210 3.88%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $345,000 $345,000 $5,275 4.75%
Corning, NY (FHA|USDA|VA) 1 $345,000 $345,000 $19,125 6.63%
BURLINGTON, NC (FHA|USDA|VA) 1 $335,000 $335,000 $11,929 5.75%
GREENVILLE, NC (FHA|USDA|VA) 2 $330,000 $165,000 $5,305 4.50%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $325,000 $325,000 $5,478 5.13%
NEW BERN, NC (FHA|USDA|VA) 1 $315,000 $315,000 $4,925 3.38%
GREELEY, CO (FHA|USDA|VA) 1 $305,000 $305,000 $14,037 3.25%
LYNCHBURG, VA (FHA|USDA|VA) 1 $295,000 $295,000 $19,466 3.88%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $295,000 $295,000 $11,323 3.75%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $285,000 $285,000 $3,875 5.75%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $265,000 $265,000 $8,059 4.25%
THE VILLAGES, FL (FHA|USDA|VA) 1 $265,000 $265,000 $7,647 6.50%
Lewisburg, TN (FHA|USDA|VA) 1 $265,000 $265,000 $5,332 3.25%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $265,000 $265,000 $14,691 5.75%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $265,000 $265,000 $8,317 4.99%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $260,000 $130,000 $4,220 4.69%
GLENS FALLS, NY (FHA|USDA|VA) 1 $255,000 $255,000 $4,212 5.88%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $255,000 $255,000 $15,928 5.63%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $255,000 $255,000 $8,208 3.13%
Cornelia, GA (FHA|USDA|VA) 1 $245,000 $245,000 $12,688 6.13%
Cookeville, TN (FHA|USDA|VA) 1 $235,000 $235,000 $3,776 5.99%
Seneca, SC (FHA|USDA|VA) 1 $235,000 $235,000 $13,197 6.38%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 2 $230,000 $115,000 $7,215 6.06%
Beaver Dam, WI (FHA|USDA|VA) 1 $225,000 $225,000 $7,373 4.75%
Barre, VT (FHA|USDA|VA) 1 $225,000 $225,000 $8,635 6.75%
LANCASTER, PA (FHA|USDA|VA) 1 $225,000 $225,000 $13,541 4.50%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $215,000 $215,000 $6,043 4.50%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $215,000 $215,000 $7,438 6.00%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $215,000 $215,000 $9,951 3.88%
Gloversville, NY (FHA|USDA|VA) 1 $205,000 $205,000 $12,563 6.75%
OCALA, FL (FHA|USDA|VA) 1 $205,000 $205,000 $4,291 6.50%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $205,000 $205,000 $3,217 3.25%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $195,000 $195,000 $5,551 6.50%
GAINESVILLE, FL (FHA|USDA|VA) 1 $195,000 $195,000 $1,457 2.75%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $195,000 $195,000 $7,751 3.88%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $195,000 $195,000 $9,738 5.99%
WARNER ROBINS, GA (FHA|USDA|VA) 2 $190,000 $95,000 $4,783 7.31%
Lufkin, TX (FHA|USDA|VA) 1 $185,000 $185,000 $8,160 3.13%
Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $185,000 $185,000 $5,350 7.25%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $175,000 $175,000 $8,350 6.25%
Key West, FL (FHA|USDA|VA) 1 $175,000 $175,000 $8,470 8.75%
Bennington, VT (FHA|USDA|VA) 1 $175,000 $175,000 $6,482 7.38%
Ogdensburg-Massena, NY (FHA|USDA|VA) 1 $165,000 $165,000 $9,403 5.38%
Waycross, GA (FHA|USDA|VA) 1 $165,000 $165,000 $6,705 7.63%
Manitowoc, WI (FHA|USDA|VA) 2 $160,000 $80,000 $1,745 1.75%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $145,000 $145,000 $3,745 3.63%
Oneonta, NY (FHA|USDA|VA) 1 $145,000 $145,000 $9,495 5.75%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $135,000 $135,000 $5,283 4.25%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $135,000 $135,000 $3,285 6.50%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $135,000 $135,000 $3,735 6.88%
PEORIA, IL (FHA|USDA|VA) 1 $135,000 $135,000 $5,778 6.25%
UTICA-ROME, NY (FHA|USDA|VA) 1 $135,000 $135,000 $8,662 5.25%
Amsterdam, NY (FHA|USDA|VA) 2 $130,000 $65,000 $4,749 4.75%
ERIE, PA (FHA|USDA|VA) 1 $125,000 $125,000 $8,395 5.25%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $115,000 $115,000 $8,259 4.63%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $115,000 $115,000 $4,106 6.99%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $115,000 $115,000 $3,190 5.63%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $105,000 $105,000 $3,906 5.99%
Marinette, WI-MI (FHA|USDA|VA) 1 $105,000 $105,000 $2,559 5.63%
McMinnville, TN (FHA|USDA|VA) 1 $95,000 $95,000 $4,111 6.63%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $95,000 $95,000 $5,617 5.25%
ALTOONA, PA (FHA|USDA|VA) 1 $95,000 $95,000 $7,930 4.63%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $75,000 $75,000 $5,676 4.75%
Berlin, NH (FHA|USDA|VA) 1 $65,000 $65,000 $4,231 4.75%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $55,000 $55,000 $3,025 7.25%
Total Mortgage Services's top markets include Bridgeport, Boston, Hartford, New Haven, and Worcester among others.

Their top states include:
  • Connecticut (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Similar Lenders

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

    Homestar Mortgage, Inc.
    Similarity Rank: 52
    SOMERSET
    Similarity Rank: 87
    The Equitable Bank, S.S.B.
    Similarity Rank: 120
    The Torrington Savings Bank
    Similarity Rank: 140
    Middlesex Savings Bank
    Similarity Rank: 145
    PyraMax Bank, FSB
    Similarity Rank: 150
    Piscataqua Savings Bank
    Similarity Rank: 168
    The Greenwood's State Bank
    Similarity Rank: 180
    Savings Bank of Danbury
    Similarity Rank: 210

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,378 $1,304,020,000 $297,857 $6,347 4.65%
    FHA 1,187 $393,195,000 $331,251 $13,283 5.07%
    VA 144 $51,710,000 $359,097 $11,393 4.87%
    USDA 22 $5,530,000 $251,364 $8,458 4.48%
    FHA 3 $505,000 $168,333 $0 3.75%

    For 2022, Total Mortgage Services's most frequently originated type of loan was Conventional, with 4,378 originations. Their 2nd most popular type was FHA, with 1,187 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 4,893 $1,504,585,000 $307,497 $8,059 4.80%
    Cash Out Refi 535 $161,955,000 $302,720 $7,546 4.59%
    Refi 269 $77,195,000 $286,970 $6,428 3.91%
    Home Improvement 37 $11,225,000 $303,378 $7,520 4.22%

    For 2022, Total Mortgage Services's most frequently cited loan purpose was Home Purchase, with 4,893 originations. The 2nd most popular reason was Cash Out Refi, with 535 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,300 $1,690,160,000 $318,898 $8,330 4.91%
    15 Year 266 $41,980,000 $157,820 $3,323 3.15%
    10 Year 103 $4,515,000 $43,835 $509 0.44%
    20 Year 48 $13,150,000 $273,958 $6,150 3.77%
    Other 17 $5,155,000 $303,235 $6,085 4.38%

    For 2022, Total Mortgage Services's most frequently cited loan duration was 30 Year, with 5,300 originations. The 2nd most popular length was 15 Year, with 266 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,777 $581,575,000 $327,279
    $5k+ 1,706 $659,540,000 $386,600
    $3k-4k 593 $161,845,000 $272,926
    $<1k 572 $41,220,000 $72,063
    $2k-3k 524 $143,870,000 $274,561
    $4k-5k 511 $155,185,000 $303,689

    Total Mortgage Services's average total fees were $8,330, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,777 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 1,755 $568,345,000 $323,843
    3-4% 1,207 $417,085,000 $345,555
    4-5% 1,161 $391,125,000 $336,886
    6-7% 781 $246,305,000 $315,371
    <2.5% 465 $14,755,000 $31,731
    7-8% 207 $63,445,000 $306,498
    2.5-3% 127 $44,435,000 $349,882
    Over 8% 31 $9,465,000 $305,323

    During 2022, Total Mortgage Services's average interest rate for loans was 4.91%, while their most frequently originated rate bucket for loans was 5-6%, with 1,755 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,962 $864,270,000 $291,786 $8,346 5.13%
    $400k-600k 1,064 $509,080,000 $478,459 $10,927 5.01%
    $100k-200k 877 $139,225,000 $158,751 $5,467 5.04%
    $100,000 or less 538 $15,500,000 $28,810 $764 1.59%
    $600k-1MM 262 $183,080,000 $698,779 $12,924 4.70%
    $1MM+ 31 $43,805,000 $1,413,065 $16,297 4.43%

    2022 saw Total Mortgage Services place emphasis on $200k-400k loans with 2,962 originations, totaling $864,270,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,391 $485,015,000 $348,681 $9,112 5.04%
    $50k-75k 1,391 $289,045,000 $207,797 $6,472 4.31%
    $75k-100k 1,366 $370,190,000 $271,003 $8,041 4.71%
    $150k-250k 790 $341,280,000 $432,000 $9,091 5.12%
    $50k or less 447 $73,685,000 $164,843 $5,534 4.51%
    $250k+ 349 $195,745,000 $560,874 $9,081 4.77%

    Total Mortgage Services lent most frequently to those with incomes in the $100k-150k range, with 1,391 originations. The second most popular income band? $50k-75k, with 1,391 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 895 $265,125,000 $296,229 $7,123 4.79%
    20-30% 738 $238,990,000 $323,835 $6,509 4.59%
    50-60% 486 $168,460,000 $346,626 $13,488 5.08%
    44% 357 $113,295,000 $317,353 $9,113 5.02%
    41% 300 $90,800,000 $302,667 $7,207 4.71%
    42% 278 $86,510,000 $311,187 $7,938 4.80%
    <20% 276 $59,920,000 $217,101 $4,204 3.13%
    43% 266 $78,840,000 $296,391 $7,950 4.90%
    40% 258 $73,650,000 $285,465 $7,146 4.69%
    49% 244 $81,060,000 $332,213 $8,677 5.03%
    39% 221 $62,945,000 $284,819 $7,101 4.56%
    38% 211 $60,325,000 $285,900 $7,124 4.75%
    45% 201 $63,535,000 $316,095 $8,547 4.74%
    48% 190 $64,240,000 $338,105 $9,582 4.99%
    47% 187 $58,075,000 $310,561 $8,118 4.91%
    46% 186 $59,100,000 $317,742 $9,014 5.10%
    37% 175 $52,705,000 $301,171 $7,420 4.73%
    36% 165 $52,155,000 $316,091 $6,487 4.69%
    >60% 25 $8,955,000 $358,200 $9,856 5.27%

    Total Mortgage Services lent most frequently to those with DTI ratios of 30-36%, with 895 originations. The next most common DTI ratio? 20-30%, with 738 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,911 $1,199,875,000 $306,795 $7,476 4.78%
    Not provided 828 $236,330,000 $285,423 $8,137 4.57%
    Black 735 $230,795,000 $314,007 $10,069 4.66%
    Asian 162 $56,980,000 $351,728 $7,692 4.80%
    American Indian 46 $13,280,000 $288,696 $8,883 5.04%
    Asian Indian 18 $7,430,000 $412,778 $7,792 4.95%
    Other Asian 8 $3,260,000 $407,500 $13,137 5.33%
    Vietnamese 5 $1,465,000 $293,000 $5,630 3.68%
    4 $1,210,000 $302,500 $11,186 5.13%
    Chinese 5 $1,185,000 $237,000 $5,844 4.55%
    Native Hawaiian or Islander 4 $1,120,000 $280,000 $8,245 4.94%
    Filipino 3 $1,115,000 $371,667 $7,991 6.08%
    Other Pacific Islander 5 $915,000 $183,000 $7,803 3.98%

    Approval Rates

    Total approvals of all applications
    95.98%

    Total Mortgage Services 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
    72.85%

    Total Mortgage Services has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,734 $1,754,960,000 $306,062

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    5,734 $1,754,960,000 $306,062

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 142 $26,400,000 $185,915 $4,603 4.35%
    40-60% 361 $98,655,000 $273,283 $6,228 4.74%
    60-80% 1,417 $478,645,000 $337,788 $7,758 4.99%
    80-100% 3,322 $1,127,990,000 $339,551 $9,291 5.14%
    Over 100% 34 $12,670,000 $372,647 $17,588 4.98%
    Under 20% 458 $10,600,000 $23,144 $250 1.11%