St. Mary's Bank Mortgage Rates, Fees & Info

Manchester, NH

LEI: 549300YKOCNDPE0N7X40

Tax ID: 02-0187390

5 stars - Updated: 6/16/24 - out of 5 stars, based on 30 reviews

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

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Mortgage Data

Review & Overview

St. Mary's Bank is a smaller bank specializing in Home Purchase loans. St. Mary's Bank has a high proportion of conventional loans. Their top markets by origination volume include: Manchester, Boston, Concord, Laconia, and Lebanon among others. We have data for 11 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 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) 5.84% 6/16/24
30 Year Conventional Purchase 6.80% 6/16/24
30 Year Conventional Refi 6.53% 6/16/24
30 Year Cash-out Refi 6.78% 6/16/24
15 Year Conventional Purchase 6.00% 6/16/24
15 Year Conventional Refi 6.04% 6/16/24
15 Year Cash-out Refi 6.04% 6/16/24
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.

St. Mary's Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from St. Mary's Bank. 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

916

Origination Dollar Volume (All Markets)

$211,230,000
Show all (5) awards

Relative Rate

St. Mary's Bank's average 30 year fixed mortgage rate was 6.56%.

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

This yields a difference of 0.08%.

Relative Fees (Closing Costs)

St. Mary's Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,084.

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
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 508 $97,470,000 $191,870 $4,582 7.56%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 202 $52,620,000 $260,495 $5,077 7.34%
Concord, NH (FHA|USDA|VA) 128 $28,670,000 $223,984 $4,151 7.27%
Laconia, NH (FHA|USDA|VA) 26 $16,200,000 $623,077 $4,796 7.52%
Outside of Metro Areas 15 $5,805,000 $387,000 $5,761 7.06%
Lebanon, NH-VT (FHA|USDA|VA) 17 $4,075,000 $239,706 $4,819 7.27%
Keene, NH (FHA|USDA|VA) 10 $2,300,000 $230,000 $3,123 7.21%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 3 $2,175,000 $725,000 $10,458 6.46%
WORCESTER, MA-CT (FHA|USDA|VA) 3 $1,095,000 $365,000 $5,158 7.04%
Berlin, NH (FHA|USDA|VA) 3 $675,000 $225,000 $3,215 7.67%
Augusta-Waterville, ME (FHA|USDA|VA) 1 $145,000 $145,000 $2,686 5.13%
St. Mary's Bank's top markets include Manchester, Boston, Concord, Laconia, and Lebanon among others.

Their top states include:
  • New Hampshire (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • Similar Lenders

    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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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 575 $72,095,000 $125,383 n/a 7.96%
    Conventional 341 $139,135,000 $408,021 $4,696 6.58%

    For 2023, St. Mary's Bank's most frequently originated type of loan was HELOC, with 575 originations. Their 2nd most popular type was Conventional, with 341 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 306 $127,810,000 $417,680 $5,065 6.75%
    Home Improvement 243 $26,405,000 $108,663 $3,929 7.93%
    Other 166 $20,440,000 $123,133 $884 7.96%
    Refi 141 $22,285,000 $158,050 $3,268 7.78%
    Cash Out Refi 60 $14,290,000 $238,167 $3,454 6.85%

    For 2023, St. Mary's Bank's most frequently cited loan purpose was Home Purchase, with 306 originations. The 2nd most popular reason was Home Improvement, with 243 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 581 $73,535,000 $126,566 $3,912 7.94%
    30 Year 266 $92,420,000 $347,444 $4,084 6.56%
    30+ year 39 $27,835,000 $713,718 $9,658 6.91%
    15 Year 19 $4,355,000 $229,211 $1,972 6.24%
    10 Year 9 $3,625,000 $402,778 $1,915 6.65%
    Other 2 $9,460,000 $4,730,000 $8,015 7.12%

    For 2023, St. Mary's Bank's most frequently cited loan duration was 20 Year, with 581 originations. The 2nd most popular length was 30 Year, with 266 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 170 $58,510,000 $344,176
    $1k-2k 55 $17,125,000 $311,364
    $2k-3k 40 $23,830,000 $595,750
    $5k+ 16 $10,620,000 $663,750
    $3k-4k 12 $5,810,000 $484,167
    $4k-5k 5 $1,955,000 $391,000

    St. Mary's Bank's average total fees were $4,084, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 170 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 397 $84,985,000 $214,068
    Over 8% 273 $37,755,000 $138,297
    6-7% 151 $52,035,000 $344,603
    5-6% 93 $35,695,000 $383,817
    4-5% 2 $760,000 $380,000

    During 2023, St. Mary's Bank's average interest rate for loans was 6.56%, while their most frequently originated rate bucket for loans was 7-8%, with 397 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 289 $16,685,000 $57,734 $1,896 7.87%
    $100k-200k 251 $34,615,000 $137,908 $2,680 7.67%
    $200k-400k 230 $64,550,000 $280,652 $3,979 7.06%
    $400k-600k 96 $46,450,000 $483,854 $5,253 6.84%
    $600k-1MM 42 $31,010,000 $738,333 $7,224 6.81%
    $1MM+ 8 $17,920,000 $2,240,000 $14,488 6.87%

    2023 saw St. Mary's Bank place emphasis on $100,000 or less loans with 289 originations, totaling $16,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 264 $52,980,000 $200,682 $4,365 7.42%
    $150k-250k 207 $57,685,000 $278,671 $5,118 7.46%
    $75k-100k 161 $23,885,000 $148,354 $3,391 7.49%
    $50k-75k 128 $15,910,000 $124,297 $3,927 7.43%
    $250k+ 87 $41,075,000 $472,126 $7,562 7.49%
    $50k or less 46 $3,250,000 $70,652 $3,209 7.52%

    St. Mary's Bank lent most frequently to those with incomes in the $100k-150k range, with 264 originations. The second most popular income band? $150k-250k, with 207 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 155 $19,305,000 $124,548 $3,570 7.87%
    30-36% 144 $34,410,000 $238,958 $4,700 7.38%
    20-30% 129 $28,955,000 $224,457 $4,388 7.43%
    49% 43 $11,255,000 $261,744 $4,845 7.23%
    <20% 42 $7,930,000 $188,810 $4,959 7.67%
    41% 42 $8,580,000 $204,286 $4,406 7.29%
    40% 37 $12,525,000 $338,514 $5,059 7.15%
    42% 34 $7,900,000 $232,353 $5,244 7.16%
    47% 33 $6,295,000 $190,758 $4,207 7.44%
    44% 33 $8,495,000 $257,424 $4,450 7.28%
    45% 32 $6,020,000 $188,125 $5,157 7.66%
    38% 31 $7,565,000 $244,032 $3,324 7.15%
    48% 29 $8,685,000 $299,483 $6,901 7.43%
    46% 28 $7,450,000 $266,071 $5,145 7.43%
    39% 27 $5,965,000 $220,926 $4,372 7.24%
    43% 24 $5,510,000 $229,583 $4,301 7.46%
    36% 20 $5,120,000 $256,000 $3,793 7.63%
    37% 16 $4,810,000 $300,625 $5,409 7.11%
    >60% 4 $590,000 $147,500 $4,086 7.38%

    St. Mary's Bank lent most frequently to those with DTI ratios of 50-60%, with 155 originations. The next most common DTI ratio? 30-36%, with 144 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 764 $162,100,000 $212,173 $4,798 7.48%
    Not provided 90 $22,550,000 $250,556 $4,097 7.38%
    Not applicable 12 $13,600,000 $1,133,333 $0 6.55%
    Asian 27 $7,525,000 $278,704 $4,386 7.36%
    Black 17 $4,145,000 $243,824 $4,792 7.28%
    Vietnamese 1 $505,000 $505,000 $3,471 5.88%
    American Indian 2 $350,000 $175,000 $3,293 7.25%
    Other Asian 1 $235,000 $235,000 $4,718 6.38%
    Asian Indian 1 $155,000 $155,000 $0 7.50%
    Native Hawaiian or Islander 1 $65,000 $65,000 $0 8.25%

    Approval Rates

    Total approvals of all applications
    75.28%

    St. Mary's Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.42%

    St. Mary's Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 916 $211,230,000 $230,600

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    916 $211,230,000 $230,600

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 230 $32,870,000 $142,913 $2,817 7.79%
    40-60% 112 $31,070,000 $277,411 $4,192 7.33%
    60-80% 150 $70,870,000 $472,467 $5,333 6.81%
    80-100% 133 $57,975,000 $435,902 $4,864 6.67%
    Under 20% 291 $18,445,000 $63,385 $1,171 7.90%