What loan types does Norway Savings Bank offer?

Norway Savings Bank offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing score and performance metrics.

Where does Norway Savings Bank offer mortgages?

Norway Savings Bank offers mortgages in 2 states: ME, NH.

How competitive are Norway Savings Bank's mortgage rates?

Norway Savings Bank has an overall pricing score of 69.5/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Norway Savings Bank?

Norway Savings Bank is a Bank headquartered in Norway, ME.

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Norway Savings Bank

Bank•Norway, MEHQ•Direct•Reviews near you on Google

Norway Savings Bank has 114 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Strong

4/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Sound

3/5

Conventional · Jumbo

Place

Sound

3/5

Regional · 2 mkts

Promptness

Not enough data

—/5

No quote responses measured yet

Summary

What They Do Well

Competitive pricing compared to the market
Lower than average lender fees

Explore another lender or local market

Report Card

Norway Savings Bank performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Strong

+28.6 bps above market avg

4/5

Pull Through

Closing strength

Sound

Top 60% of lenders

3/5

By Loan Product· Specialization by type

Conventional

104 loans · 0.30% above market

Sound

Top 60% of lenders

3/5

Jumbo

10 loans · 0.45% below market

Sound

Top 60% of lenders

3/5

By Loan Purpose· Transaction purpose mix

Purchase

97 loans · 0.33% above market

Sound

Top 60% of lenders

3/5

Refinance

17 loans · 0.07% above market

Acceptable

Bottom 40% of lenders

2/5

By Location· Geographic coverage

Geographic Reach

Regional · 3 markets

Sound

Top 60% of lenders

3/5

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Sound	Strong	Acceptable	104	91.2%	+0.305%Above	$1,003Fees
Jumbo Loans	Sound	Sound	—	—	10	8.8%	-0.450%Below	$895Fees

Conventional

Overall

Sound

Product

Sound

Pricing

Strong

Pull Through

Acceptable

Volume104

Mix91.2%

Spread

+0.305%Above

Fees

$1,003Fees

Jumbo Loans

Overall

Sound

Product

Sound

Pricing—

Pull Through—

Volume10

Mix8.8%

Spread

-0.450%Below

Fees

$895Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Sound	Strong	Acceptable	97	85.1%	+0.332%Above	$1,018Fees
Refinance	Acceptable	Acceptable	—	Sound	17	14.9%	+0.075%Above	$920Fees

Purchase

Overall

Sound

Product

Sound

Pricing

Strong

Pull Through

Acceptable

Volume97

Mix85.1%

Spread

+0.332%Above

Fees

$1,018Fees

Refinance

Overall

Acceptable

Product

Acceptable

Pricing—

Pull Through

Sound

Volume17

Mix14.9%

Spread

+0.075%Above

Fees

$920Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

114

Applications

227

Volume

$51 million

Pricing & Closing

Avg Rate Spread

+0.286%

vs. market APOR

Avg Net Fees

$1,000

Origination − Credits

Pullthrough Rate

50.2%

Applications → Closed

Typical Borrower

Avg Loan Amount

$455,088

Avg Borrower Income

$222,991

Avg Property Value

$642,895

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Sound

3/5

States with Loan Originations

2Full-year 2024 · HMDA

Loans originated

< 100100+None

Northeast2

MENH

Top Metro Areas by Place Specialization Score

Portland, MEMetro

Volume 46Mix 40.35% of portfolio

70/100

Strong

Lewiston, MEMetro

Volume 10Mix 8.77% of portfolio

47/100

Sound

Top States by Place Specialization Score

MaineState

Volume 110Mix 96.49% of portfolio

76/100

Strong

How We Rank Lenders

Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.

Our Point System (Max 50 Points)

10/ 50 pts

Pricing

How competitively a lender prices vs. the market benchmark (20%).

10/ 50 pts

Product

Performance on your specific loan type (20%).

10/ 50 pts

Pull Through

How reliably a lender closes the loans it starts (20%).

10/ 50 pts

Place

Depth of a lender's expertise in your local market (20%).

10/ 50 pts

Promptness

How quickly a lender answers real quote requests — blended in once they respond (20%).

Champion(80%+ = 40-50 points)

Superstar(60-79% = 30-39 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.