Greylock Mortgage Rates, Fees & Info

Pittsfield, MA

LEI: 549300XLRD9QLLJRCB89

Tax ID: 04-2230576

5 stars - Updated: 11/17/24 - out of 5 stars, based on 31 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Greylock is a smaller mortgage company specializing in Home Purchase loans. Greylock has a high proportion of conventional loans. Their top markets by origination volume include: Pittsfield, Boston, Hudson, Bennington, and Springfield among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Greylock 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. Greylock 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 relatively high 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) 6.49% 11/17/24
    30 Year Conventional Purchase 5.91% 11/17/24
    30 Year Conventional Refi 6.28% 11/17/24
    30 Year Cash-out Refi 6.66% 11/17/24
    15 Year Conventional Purchase 5.24% 11/17/24
    15 Year Conventional Refi 5.25% 11/17/24
    15 Year Cash-out Refi 5.25% 11/17/24
    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.

    Greylock Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Greylock. 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

    989

    Origination Dollar Volume (All Markets)

    $153,755,000
    Show all (8) awards

    Relative Rate

    Greylock's average 30 year fixed mortgage rate was 5.51%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.97%.

    Relative Fees (Closing Costs)

    Greylock's average total fees/closing costs for a 30 year fixed rate mortgage were $3,536.

    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 $9,089.

    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
    PITTSFIELD, MA (FHA|USDA|VA) 880 $128,350,000 $145,852 $2,183 6.55%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 11 $6,795,000 $617,727 $3,422 5.16%
    Hudson, NY (FHA|USDA|VA) 32 $5,550,000 $173,438 $2,959 6.32%
    Bennington, VT (FHA|USDA|VA) 21 $3,535,000 $168,333 $3,070 6.51%
    SPRINGFIELD, MA (FHA|USDA|VA) 17 $2,365,000 $139,118 $1,814 5.99%
    WORCESTER, MA-CT (FHA|USDA|VA) 4 $1,410,000 $352,500 $2,620 6.09%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 6 $1,210,000 $201,667 $3,225 5.73%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $725,000 $725,000 $4,236 4.38%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $475,000 $475,000 $3,993 5.63%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $460,000 $230,000 $3,468 6.13%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $375,000 $375,000 $4,057 3.50%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 3 $375,000 $125,000 $291 7.17%
    Torrington, CT (FHA|USDA|VA) 3 $375,000 $125,000 $1,603 6.38%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $335,000 $335,000 $3,794 5.50%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $325,000 $325,000 $2,652 5.38%
    SAVANNAH, GA (FHA|USDA|VA) 1 $285,000 $285,000 $3,451 6.63%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $265,000 $265,000 $3,414 5.75%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $255,000 $255,000 $3,449 6.00%
    RICHMOND, VA (FHA|USDA|VA) 1 $145,000 $145,000 $2,758 6.25%
    Gloversville, NY (FHA|USDA|VA) 1 $145,000 $145,000 $3,219 5.63%
    Greylock's top markets include Pittsfield, Boston, Hudson, Bennington, and Springfield among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Vermont (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)

    • Similar Lenders

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

    Florence Bank
    Similarity Rank: 22
    RTN FEDERAL CREDIT UNION
    Similarity Rank: 40
    LUSO
    Similarity Rank: 40
    Greenfield Savings Bank
    Similarity Rank: 45
    POLISH NATIONAL
    Similarity Rank: 68
    Adams Community Bank
    Similarity Rank: 70
    Country Bank for Savings
    Similarity Rank: 80
    The Bank of Greene County
    Similarity Rank: 96
    SEFCU SERVICES, LLC
    Similarity Rank: 112
    Freedom Credit Union
    Similarity Rank: 126

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 729 $132,055,000 $181,145 $2,266 6.15%
    HELOC 260 $21,700,000 $83,462 n/a 7.49%

    For 2023, Greylock's most frequently originated type of loan was Conventional, with 729 originations. Their 2nd most popular type was HELOC, with 260 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 402 $104,890,000 $260,920 $3,480 5.64%
    Home Improvement 331 $21,525,000 $65,030 $540 7.28%
    Refi 153 $19,995,000 $130,686 $1,607 6.59%
    Other 103 $7,345,000 $71,311 $601 7.23%

    For 2023, Greylock's most frequently cited loan purpose was Home Purchase, with 402 originations. The 2nd most popular reason was Home Improvement, with 331 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 352 $44,050,000 $125,142 $3,457 6.92%
    30 Year 300 $82,380,000 $274,600 $3,536 5.51%
    15 Year 296 $24,400,000 $82,432 $632 6.95%
    10 Year 25 $1,485,000 $59,400 $626 6.98%
    5 Year 9 $205,000 $22,778 $436 7.00%
    20 Year 6 $1,120,000 $186,667 $2,623 6.29%
    1 Year 1 $115,000 $115,000 $0 6.00%

    For 2023, Greylock's most frequently cited loan duration was Other, with 352 originations. The 2nd most popular length was 30 Year, with 300 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 688 $123,210,000 $179,084
    $1k-2k 6 $1,380,000 $230,000
    $5k+ 1 $545,000 $545,000

    Greylock's average total fees were $3,536, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 688 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 333 $40,205,000 $120,736
    7-8% 302 $24,160,000 $80,000
    5-6% 183 $50,205,000 $274,344
    4-5% 123 $33,895,000 $275,569
    Over 8% 33 $2,495,000 $75,606
    3-4% 15 $2,795,000 $186,333

    During 2023, Greylock's average interest rate for loans was 5.51%, while their most frequently originated rate bucket for loans was 6-7%, with 333 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 448 $21,790,000 $48,638 $635 7.16%
    $200k-400k 261 $68,695,000 $263,199 $3,422 5.82%
    $100k-200k 230 $34,040,000 $148,000 $2,562 6.26%
    $400k-600k 35 $17,475,000 $499,286 $4,762 5.31%
    $600k-1MM 13 $9,575,000 $736,538 $4,544 5.05%
    $1MM+ 2 $2,180,000 $1,090,000 $5,218 5.75%

    2023 saw Greylock place emphasis on $100,000 or less loans with 448 originations, totaling $21,790,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 226 $25,680,000 $113,628 $2,075 6.51%
    $100k-150k 220 $34,090,000 $154,955 $2,242 6.53%
    $75k-100k 199 $27,715,000 $139,271 $2,206 6.52%
    $150k-250k 133 $30,955,000 $232,744 $2,866 6.44%
    $50k or less 119 $10,795,000 $90,714 $1,892 6.38%
    $250k+ 51 $17,015,000 $333,627 $2,968 6.31%

    Greylock lent most frequently to those with incomes in the $50k-75k range, with 226 originations. The second most popular income band? $100k-150k, with 220 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 183 $26,845,000 $146,694 $2,356 6.44%
    50-60% 144 $17,570,000 $122,014 $1,654 6.80%
    20-30% 139 $22,695,000 $163,273 $2,325 6.51%
    <20% 49 $6,655,000 $135,816 $2,198 6.37%
    42% 48 $7,560,000 $157,500 $2,285 6.48%
    44% 42 $8,160,000 $194,286 $2,620 6.36%
    43% 36 $5,820,000 $161,667 $2,417 6.46%
    41% 36 $5,900,000 $163,889 $2,579 6.62%
    36% 35 $6,425,000 $183,571 $2,228 6.34%
    45% 32 $5,720,000 $178,750 $2,647 6.24%
    39% 32 $4,470,000 $139,688 $2,420 6.63%
    40% 31 $5,265,000 $169,839 $2,616 6.16%
    46% 28 $5,820,000 $207,857 $2,723 6.06%
    38% 27 $5,385,000 $199,444 $2,809 6.37%
    48% 25 $3,305,000 $132,200 $1,848 6.47%
    37% 24 $3,050,000 $127,083 $1,442 6.78%
    47% 23 $2,695,000 $117,174 $1,541 6.71%
    49% 19 $3,155,000 $166,053 $2,530 6.32%
    >60% 2 $340,000 $170,000 $2,067 7.06%

    Greylock lent most frequently to those with DTI ratios of 30-36%, with 183 originations. The next most common DTI ratio? 50-60%, with 144 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 772 $111,290,000 $144,158 $2,164 6.56%
    Not provided 131 $22,075,000 $168,511 $2,375 6.35%
    Black 41 $7,335,000 $178,902 $2,793 5.99%
    Not applicable 20 $4,840,000 $242,000 $0 6.71%
    Asian Indian 5 $3,255,000 $651,000 $3,966 5.05%
    Asian 6 $2,340,000 $390,000 $3,515 5.75%
    American Indian 6 $1,070,000 $178,333 $3,512 6.48%
    Other Asian 2 $510,000 $255,000 $3,665 6.25%
    Other Pacific Islander 3 $415,000 $138,333 $2,371 5.66%
    Chinese 1 $395,000 $395,000 $0 7.50%
    Native Hawaiian or Islander 1 $195,000 $195,000 $3,558 6.88%
    Vietnamese 1 $35,000 $35,000 $0 7.25%

    Approval Rates

    Total approvals of all applications
    88.17%

    Greylock has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.19%

    Greylock has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 989 $153,755,000 $155,465

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    989 $153,755,000 $155,465

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 196 $19,260,000 $98,265 $1,120 7.16%
    40-60% 83 $15,175,000 $182,831 $2,335 6.44%
    60-80% 153 $39,545,000 $258,464 $3,405 5.73%
    80-100% 234 $64,810,000 $276,966 $3,580 5.50%
    Under 20% 321 $14,425,000 $44,938 $455 7.20%