St. Mary's Bank Mortgage Rates, Fees & Info
Manchester, NHLEI: 549300YKOCNDPE0N7X40
Tax ID: 02-0187390
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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. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Manchester, Boston, Concord, Laconia, and Keene 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 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 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.84% | 4/21/24 |
| 30 Year Conventional Purchase | 6.80% | 4/21/24 |
| 30 Year Conventional Refi | 6.53% | 4/21/24 |
| 30 Year Cash-out Refi | 6.78% | 4/21/24 |
| 15 Year Conventional Purchase | 6.00% | 4/21/24 |
| 15 Year Conventional Refi | 6.04% | 4/21/24 |
| 15 Year Cash-out Refi | 6.04% | 4/21/24 |
| 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
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This is not an official calculator from St. Mary's Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
726Origination Dollar Volume (All Markets)
$156,850,000Awards
ST. MARY'S BANK - 2018
ST. MARY'S BANK is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 423 | $88,015,000 | $208,073 | $2,960 | 4.71% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 158 | $39,060,000 | $247,215 | $3,021 | 4.68% |
| Concord, NH (FHA|USDA|VA) | 101 | $20,995,000 | $207,871 | $3,260 | 4.65% |
| Laconia, NH (FHA|USDA|VA) | 20 | $4,750,000 | $237,500 | $3,128 | 4.79% |
| Outside of Metro Areas | 9 | $1,515,000 | $168,333 | $2,283 | 4.56% |
| Keene, NH (FHA|USDA|VA) | 6 | $1,110,000 | $185,000 | $2,940 | 4.90% |
| Lebanon, NH-VT (FHA|USDA|VA) | 5 | $875,000 | $175,000 | $2,492 | 4.28% |
| Berlin, NH (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $2,856 | 4.78% |
Their top states include:
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
For 2018, St. Mary's Bank's most frequently originated type of loan was Conventional, with 655 originations. Their 2nd most popular type was FHA, with 58 originations.
Loan Reason
For 2018, St. Mary's Bank's most frequently cited loan purpose was Home Purchase, with 488 originations. The 2nd most popular reason was Cash Out Refi, with 158 originations.
Loan Duration/Length
For 2018, St. Mary's Bank's most frequently cited loan duration was 30 Year, with 519 originations. The 2nd most popular length was 15 Year, with 97 originations.
Origination Fees/Closing Costs
St. Mary's Bank's average total fees were $3,370, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 571 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 515 | $114,275,000 | $221,893 |
| 5-6% | 131 | $26,525,000 | $202,481 |
| 3-4% | 75 | $15,695,000 | $209,267 |
| 6-7% | 5 | $355,000 | $71,000 |
During 2018, St. Mary's Bank's average interest rate for loans was 4.74%, while their most frequently originated rate bucket for loans was 4-5%, with 515 originations.
Loan Sizing
2018 saw St. Mary's Bank place emphasis on $200k-400k loans with 308 originations, totaling $82,660,000 in origination value.
Applicant Income
St. Mary's Bank lent most frequently to those with incomes in the $50k-75k range, with 194 originations. The second most popular income band? $100k-150k, with 164 originations.
Applicant Debt to Income Ratio
St. Mary's Bank lent most frequently to those with DTI ratios of 30-36%, with 124 originations. The next most common DTI ratio? 20-30%, with 110 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.90%
St. Mary's Bank has an average approval rate.
Pick Rate
Approvals leading to origination65.56%
St. Mary's 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 |
|---|---|---|---|
| NA | 726 | $156,850,000 | $216,047 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| 21ST MORTGAGE CORP. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 4.3% |
| 21ST MORTGAGE CORP. | Conventional home mortgage | Incorrect information on your report | 1 | 2.2% |
| 21ST MORTGAGE CORP. | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 2.2% |
| 21ST MORTGAGE CORP. | Conventional home mortgage | Struggling to pay mortgage | 16 | 34.8% |
| 21ST MORTGAGE CORP. | Conventional home mortgage | Trouble during payment process | 11 | 23.9% |
| 21ST MORTGAGE CORP. | FHA mortgage | Struggling to pay mortgage | 1 | 2.2% |
| 21ST MORTGAGE CORP. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 2.2% |
| 21ST MORTGAGE CORP. | Other type of mortgage | Struggling to pay mortgage | 6 | 13.0% |
| 21ST MORTGAGE CORP. | Other type of mortgage | Trouble during payment process | 7 | 15.2% |