North Brookfield Savings Bank Mortgage Rates, Fees & Info
North Brookfield, MALEI: 549300WN3VU197CXJH44
Tax ID: 04-1677290
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
North Brookfield Savings Bank is a smaller bank specializing in Home Purchase and Home Improvement loans. North Brookfield Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Worcester, Springfield, and Boston 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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Originations
37Origination Dollar Volume (All Markets)
$7,725,000Top 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) | 26 | $5,110,000 | $196,538 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 10 | $1,920,000 | $192,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 37 | $7,725,000 | $208,784 | $0 | 0.00% |
For 2024, North Brookfield Savings Bank's most frequently originated type of loan was Conventional, with 37 originations.
Loan Reason
For 2024, North Brookfield Savings Bank's most frequently cited loan purpose was Home Purchase, with 12 originations. The 2nd most popular reason was Home Improvement, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 37 | $7,725,000 | $208,784 | $0 | 0.00% |
For 2024, North Brookfield Savings Bank's most frequently cited loan duration was Other, with 37 originations.
Loan Sizing
2024 saw North Brookfield Savings Bank place emphasis on $100,000 or less loans with 19 originations, totaling $1,015,000 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? $150k-250k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 37 | $7,725,000 | $208,784 | $0 | 0.00% |
North Brookfield Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 37 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.24%
North Brookfield Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination78.38%
North Brookfield Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 37 | $7,725,000 | $208,784 |