North Brookfield Savings Bank Mortgage Rates, Fees & Info
North Brookfield, MALEI: 549300WN3VU197CXJH44
Tax ID: 04-1677290
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Mortgage Data
Review & Overview
North Brookfield Savings Bank is a smaller bank specializing in Home Purchase loans. North Brookfield Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Worcester, Springfield, and Barnstable Town among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)North Brookfield Savings 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.66% | 4/22/24 |
| 30 Year Conventional Refi | 6.00% | 4/22/24 |
| 30 Year Cash-out Refi | 6.03% | 4/22/24 |
| 15 Year Conventional Refi | 5.79% | 4/22/24 |
| 15 Year Cash-out Refi | 5.79% | 4/22/24 |
| 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. | ||
North Brookfield Savings Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
44Origination Dollar Volume (All Markets)
$13,550,000Top 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 |
|---|---|---|---|---|---|
| WORCESTER, MA-CT (FHA|USDA|VA) | 29 | $9,795,000 | $337,759 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 14 | $3,300,000 | $235,714 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 44 | $13,550,000 | $307,955 | $0 | 0.00% |
For 2023, North Brookfield Savings Bank's most frequently originated type of loan was Conventional, with 44 originations.
Loan Reason
For 2023, North Brookfield Savings Bank's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 44 | $13,550,000 | $307,955 | $0 | 0.00% |
For 2023, North Brookfield Savings Bank's most frequently cited loan duration was Other, with 44 originations.
Loan Sizing
2023 saw North Brookfield Savings Bank place emphasis on $200k-400k loans with 18 originations, totaling $4,890,000 in origination value.
Applicant Income
North Brookfield Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $50k-75k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 44 | $13,550,000 | $307,955 | $0 | 0.00% |
North Brookfield Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 44 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.08%
North Brookfield Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination54.55%
North Brookfield Savings Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 44 | $13,550,000 | $307,955 |