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

Manchester, NH

LEI: 549300YKOCNDPE0N7X40

Tax ID: 02-0187390

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    St. Mary's Bank is a smaller bank specializing in Home Purchase and Refi 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 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 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 5.84% 11/21/24
    30 Year Conventional Purchase 6.80% 11/21/24
    30 Year Conventional Refi 6.53% 11/21/24
    30 Year Cash-out Refi 6.78% 11/21/24
    15 Year Conventional Purchase 6.00% 11/21/24
    15 Year Conventional Refi 6.04% 11/21/24
    15 Year Cash-out Refi 6.04% 11/21/24
    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






    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

    921

    Origination Dollar Volume (All Markets)

    $211,785,000
    Show all (5) awards

    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) 528 $116,150,000 $219,981 $2,740 4.14%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 199 $51,025,000 $256,407 $2,759 4.03%
    Concord, NH (FHA|USDA|VA) 128 $30,110,000 $235,234 $2,869 4.08%
    Laconia, NH (FHA|USDA|VA) 27 $5,845,000 $216,481 $2,619 4.11%
    Lebanon, NH-VT (FHA|USDA|VA) 14 $3,070,000 $219,286 $3,025 3.95%
    Outside of Metro Areas 11 $2,415,000 $219,545 $2,281 4.08%
    Keene, NH (FHA|USDA|VA) 9 $2,335,000 $259,444 $2,478 3.83%
    Berlin, NH (FHA|USDA|VA) 5 $835,000 $167,000 $2,959 4.23%
    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)

    • 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.

    Northfield Savings Bank
    Similarity Rank: 115
    Piscataqua Savings Bank
    Similarity Rank: 118
    First Ipswich Bank
    Similarity Rank: 139
    NEW ENGLAND FEDERAL CREDIT UNION
    Similarity Rank: 176
    VERMONT STATE EMPLOYEES
    Similarity Rank: 250
    NEW HAMPSHIRE
    Similarity Rank: 280
    Middlesex Savings Bank
    Similarity Rank: 310
    St. Anne's Credit Union of Fall River, Mass.
    Similarity Rank: 417
    QUINCY CREDIT UNION
    Similarity Rank: 435
    Union Bank
    Similarity Rank: 455

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 868 $198,330,000 $228,491 $2,503 4.09%
    FHA 41 $10,665,000 $260,122 $7,184 4.30%
    VA 7 $1,945,000 $277,857 $3,442 3.79%
    USDA 5 $845,000 $169,000 $4,247 4.02%

    For 2019, St. Mary's Bank's most frequently originated type of loan was Conventional, with 868 originations. Their 2nd most popular type was FHA, with 41 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 450 $111,920,000 $248,711 $3,490 4.24%
    Refi 206 $46,630,000 $226,359 $2,229 3.76%
    Cash Out Refi 205 $39,285,000 $191,634 $1,907 4.18%
    Home Improvement 60 $13,950,000 $232,500 $2,339 3.94%

    For 2019, St. Mary's Bank's most frequently cited loan purpose was Home Purchase, with 450 originations. The 2nd most popular reason was Refi, with 206 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 610 $148,640,000 $243,672 $3,349 4.22%
    15 Year 197 $40,735,000 $206,777 $1,331 3.86%
    20 Year 58 $13,020,000 $224,483 $2,773 3.96%
    10 Year 53 $8,925,000 $168,396 $734 3.75%
    Other 3 $465,000 $155,000 $0 3.46%

    For 2019, St. Mary's Bank's most frequently cited loan duration was 30 Year, with 610 originations. The 2nd most popular length was 15 Year, with 197 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 628 $141,420,000 $225,191
    $1k-2k 154 $36,030,000 $233,961
    $2k-3k 26 $6,940,000 $266,923
    $5k+ 7 $2,455,000 $350,714
    $3k-4k 5 $1,675,000 $335,000
    $4k-5k 2 $440,000 $220,000

    St. Mary's Bank's average total fees were $3,349, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 628 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 484 $112,280,000 $231,983
    4-5% 333 $76,975,000 $231,156
    5-6% 79 $16,845,000 $213,228
    2.5-3% 21 $5,225,000 $248,810
    6-7% 4 $460,000 $115,000

    During 2019, St. Mary's Bank's average interest rate for loans was 4.22%, while their most frequently originated rate bucket for loans was 3-4%, with 484 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 445 $120,805,000 $271,472 $3,184 4.09%
    $100k-200k 321 $49,675,000 $154,751 $2,243 4.05%
    $100,000 or less 92 $7,100,000 $77,174 $1,636 4.31%
    $400k-600k 48 $22,200,000 $462,500 $3,800 4.20%
    $600k-1MM 11 $7,625,000 $693,182 $3,620 3.85%
    $1MM+ 4 $4,380,000 $1,095,000 $3,883 4.10%

    2019 saw St. Mary's Bank place emphasis on $200k-400k loans with 445 originations, totaling $120,805,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 221 $54,775,000 $247,851 $2,883 4.00%
    $50k-75k 194 $34,830,000 $179,536 $2,823 4.15%
    $75k-100k 176 $36,550,000 $207,670 $2,821 4.14%
    $150k-250k 162 $45,710,000 $282,160 $2,660 4.07%
    $50k or less 89 $11,235,000 $126,236 $2,371 4.00%
    $250k+ 38 $14,420,000 $379,474 $3,028 4.09%

    St. Mary's Bank lent most frequently to those with incomes in the $100k-150k range, with 221 originations. The second most popular income band? $50k-75k, with 194 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 207 $46,425,000 $224,275 $2,733 4.02%
    30-36% 155 $36,395,000 $234,806 $2,754 4.05%
    <20% 61 $13,175,000 $215,984 $2,193 3.90%
    43% 41 $10,425,000 $254,268 $2,883 4.19%
    41% 40 $9,010,000 $225,250 $2,876 4.09%
    38% 40 $9,310,000 $232,750 $2,518 3.90%
    44% 38 $8,190,000 $215,526 $2,497 4.15%
    47% 35 $7,655,000 $218,714 $2,577 4.20%
    36% 35 $8,495,000 $242,714 $2,684 3.92%
    42% 34 $7,480,000 $220,000 $2,762 4.20%
    37% 30 $6,010,000 $200,333 $3,132 4.03%
    48% 29 $5,875,000 $202,586 $3,250 4.38%
    40% 28 $5,910,000 $211,071 $2,309 4.02%
    45% 26 $5,380,000 $206,923 $2,719 4.06%
    49% 26 $5,490,000 $211,154 $3,323 4.30%
    46% 24 $5,470,000 $227,917 $3,045 4.07%
    39% 24 $5,040,000 $210,000 $3,182 4.23%
    50-60% 9 $1,965,000 $218,333 $4,851 4.01%

    St. Mary's Bank lent most frequently to those with DTI ratios of 20-30%, with 207 originations. The next most common DTI ratio? 30-36%, with 155 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 792 $175,660,000 $221,793 $2,737 4.07%
    Not provided 52 $12,720,000 $244,615 $2,854 4.06%
    Not applicable 29 $11,565,000 $398,793 $0 4.79%
    Asian 28 $6,840,000 $244,286 $3,198 4.19%
    Black 13 $3,195,000 $245,769 $2,435 4.00%
    American Indian 3 $785,000 $261,667 $4,662 4.00%
    Other Asian 2 $600,000 $300,000 $2,755 4.31%
    Asian Indian 1 $225,000 $225,000 $2,539 4.25%
    Native Hawaiian 1 $195,000 $195,000 $0 3.63%

    Approval Rates

    Total approvals of all applications
    88.45%

    St. Mary's Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    68.19%

    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 921 $211,785,000 $229,951

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 22 $10,080,000 $458,182
    Single Family (1-4 Units):Manufactured 13 $1,435,000 $110,385
    Single Family (1-4 Units):Site-Built 886 $200,270,000 $226,038

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 58 $6,240,000 $107,586 $1,803 3.94%
    40-60% 140 $24,960,000 $178,286 $1,891 3.82%
    60-80% 368 $87,990,000 $239,103 $2,686 4.17%
    80-100% 344 $90,680,000 $263,605 $3,374 4.16%
    Over 100% 3 $1,045,000 $348,333 $2,704 4.70%
    Under 20% 8 $870,000 $108,750 $487 3.73%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    21ST MORTGAGE CORP. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 10.7%
    21ST MORTGAGE CORP. Conventional home mortgage Closing on a mortgage 2 7.1%
    21ST MORTGAGE CORP. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 3.6%
    21ST MORTGAGE CORP. Conventional home mortgage Struggling to pay mortgage 5 17.9%
    21ST MORTGAGE CORP. Conventional home mortgage Trouble during payment process 2 7.1%
    21ST MORTGAGE CORP. FHA mortgage Closing on a mortgage 1 3.6%
    21ST MORTGAGE CORP. FHA mortgage Trouble during payment process 2 7.1%
    21ST MORTGAGE CORP. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 4 14.3%
    21ST MORTGAGE CORP. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 7.1%
    21ST MORTGAGE CORP. Other type of mortgage Closing on a mortgage 1 3.6%
    21ST MORTGAGE CORP. Other type of mortgage Struggling to pay mortgage 1 3.6%
    21ST MORTGAGE CORP. Other type of mortgage Trouble during payment process 4 14.3%