St. Mary's Bank Mortgage Rates, Fees & InfoManchester, NH
Tax ID: 02-0187390
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewSt. Mary's Bank is a smaller bank specializing in Refi, Cash Out Refi, and Home Purchase loans. St. Mary's Bank has a high proportion of conventional 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: Manchester, Boston, Concord, Laconia, and Lebanon among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)
St. Mary's 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. St. Mary's Bank is typically an average 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.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.43%||3/19/23|
|30 Year Conventional Purchase||6.57%||3/19/23|
|30 Year Conventional Refi||6.52%||3/19/23|
|30 Year Cash-out Refi||6.68%||3/19/23|
|30 Year FHA Purchase||6.72%||3/19/23|
|30 Year FHA Refi||6.41%||3/19/23|
|30 Year VA Purchase||6.79%||3/19/23|
|30 Year VA Refi||5.81%||3/19/23|
|15 Year Conventional Purchase||6.14%||3/19/23|
|15 Year Conventional Refi||6.19%||3/19/23|
|15 Year Cash-out Refi||6.19%||3/19/23|
|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.|
Origination Dollar Volume (All Markets)$466,000,000
St. Mary's Bank's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of 0.07%.
Relative Fees (Closing Costs)
St. Mary's Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,129.
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.
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|
|MANCHESTER-NASHUA, NH (FHA|USDA|VA)||1,217||$238,855,000||$196,265||$2,742||3.06%|
|Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA)||541||$125,575,000||$232,116||$3,009||3.03%|
|Concord, NH (FHA|USDA|VA)||331||$66,395,000||$200,589||$2,954||3.05%|
|Laconia, NH (FHA|USDA|VA)||67||$13,765,000||$205,448||$2,839||3.05%|
|Lebanon, NH-VT (FHA|USDA|VA)||46||$9,060,000||$196,957||$3,571||3.06%|
|Outside of Metro Areas||25||$6,895,000||$275,800||$4,407||2.98%|
|Keene, NH (FHA|USDA|VA)||19||$4,265,000||$224,474||$2,818||3.25%|
|Berlin, NH (FHA|USDA|VA)||8||$1,190,000||$148,750||$2,731||2.94%|
Their top states include:
We use machine learning to identify the top lenders compared against ST. MARY'S BANK based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, St. Mary's Bank's most frequently originated type of loan was Conventional, with 1,558 originations. Their 2nd most popular type was HELOC, with 686 originations.
For 2021, St. Mary's Bank's most frequently cited loan purpose was Refi, with 770 originations. The 2nd most popular reason was Cash Out Refi, with 560 originations.
For 2021, St. Mary's Bank's most frequently cited loan duration was 20 Year, with 887 originations. The 2nd most popular length was 30 Year, with 827 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
St. Mary's Bank's average total fees were $3,129, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,000 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2021, St. Mary's Bank's average interest rate for loans was 3.22%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,384 originations.
2021 saw St. Mary's Bank place emphasis on $200k-400k loans with 796 originations, totaling $215,370,000 in origination value.
St. Mary's Bank lent most frequently to those with incomes in the $100k-150k range, with 595 originations. The second most popular income band? $50k-75k, with 459 originations.
Applicant Debt to Income Ratio
St. Mary's Bank lent most frequently to those with DTI ratios of 20-30%, with 548 originations. The next most common DTI ratio? 30-36%, with 413 originations.
Approval RatesTotal approvals of all applications
St. Mary's Bank has a below average approval rate.
Pick RateApprovals leading to origination
St. Mary's Bank has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2021 CPFB Complaints||% of Total Issues|
|21ST MORTGAGE CORP.||Conventional home mortgage||Applying for a mortgage or refinancing an existing mortgage||5||8.1%|
|21ST MORTGAGE CORP.||Conventional home mortgage||Closing on a mortgage||3||4.8%|
|21ST MORTGAGE CORP.||Conventional home mortgage||Incorrect information on your report||1||1.6%|
|21ST MORTGAGE CORP.||Conventional home mortgage||Struggling to pay mortgage||19||30.6%|
|21ST MORTGAGE CORP.||Conventional home mortgage||Trouble during payment process||16||25.8%|
|21ST MORTGAGE CORP.||FHA mortgage||Applying for a mortgage or refinancing an existing mortgage||1||1.6%|
|21ST MORTGAGE CORP.||FHA mortgage||Struggling to pay mortgage||3||4.8%|
|21ST MORTGAGE CORP.||Other type of mortgage||Applying for a mortgage or refinancing an existing mortgage||3||4.8%|
|21ST MORTGAGE CORP.||Other type of mortgage||Closing on a mortgage||1||1.6%|
|21ST MORTGAGE CORP.||Other type of mortgage||Struggling to pay mortgage||7||11.3%|
|21ST MORTGAGE CORP.||Other type of mortgage||Trouble during payment process||2||3.2%|
|21ST MORTGAGE CORP.||VA mortgage||Applying for a mortgage or refinancing an existing mortgage||1||1.6%|