# The Torrington Savings Bank

> **Canonical URL:** https://saferate.com/lenders/the-torrington-savings-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


The Torrington Savings Bank is a bank, headquartered in Torrington, CT, with 129 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 4% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 50% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 54930002M4XN64FM7Z89
- **Headquarters:** Torrington, CT
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** CT
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 96/100
- Rating: ●●●●● (5/5)

### Pull Through: Sound ☺️
- Score: 50/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.219%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $271
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 129
- **Dollar Volume:** $42 million
- **Applications Received:** 189
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $324,767
- **Average Borrower Income:** $159,682
- **Average Property Value:** $452,752

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 40/100 | 129 | -0.219% | $271 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 114 loans, Score: 42/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 41/100 | 114 | $39M | -0.262% | Sound ☺️ |
| Refinance | 29/100 | 15 | $3M | +0.138% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| CT | 129 | 0.37% | 75/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 56 | 51/100 |
| Hartford | CT | 35 | 62/100 |
| Waterbury | CT | 21 | 59/100 |

## Where This Lender Ranks

The Torrington Savings Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#9** in Waterbury Banks
  - [View Full Rankings](https://saferate.com/waterbury/best-mortgage-lenders/banks)
- 🏆 **#12** in Hartford Banks
  - [View Full Rankings](https://saferate.com/hartford/best-mortgage-lenders/banks)
- 🏆 **#15** in Connecticut Banks
  - [View Full Rankings](https://saferate.com/connecticut/best-mortgage-lenders/banks)
- 🏆 **#15** in Waterbury for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/waterbury/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#18** in Hartford for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/hartford/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#20** in Connecticut for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/connecticut/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#20** in Hartford
  - [View Full Rankings](https://saferate.com/hartford/best-mortgage-lenders)

## Frequently Asked Questions

### What loan types does The Torrington Savings Bank offer?

The Torrington Savings Bank offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does The Torrington Savings Bank offer mortgages?

The Torrington Savings Bank offers mortgages in 1 states: CT.

### How competitive are The Torrington Savings Bank's mortgage rates?

The Torrington Savings Bank has a pricing score of 96/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.219% below market average.

### What type of lender is The Torrington Savings Bank?

The Torrington Savings Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Torrington, CT.

### What is The Torrington Savings Bank's loan approval success rate?

The Torrington Savings Bank has a pull-through score of 50/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/the-torrington-savings-bank

### How to Cite

> "The Torrington Savings Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/the-torrington-savings-bank

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