# Watertown Savings Bank

> **Canonical URL:** https://saferate.com/lenders/watertown-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


Watertown Savings Bank is a bank, headquartered in Watertown, NY, with 111 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 18% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 46% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300NVMV4W48B8SC18
- **Headquarters:** Watertown, NY
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** NY
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 82/100
- Rating: ●●●●● (5/5)

### Pull Through: Sound ☺️
- Score: 54/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.113%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $121
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 111
- **Dollar Volume:** $29 million
- **Applications Received:** 128
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $264,820
- **Average Borrower Income:** $196,000
- **Average Property Value:** $397,432

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (78%)
- ⭐ **Purchase Gold Superstar** (64%)
- ⭐ **Refinance Gold Superstar** (78%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 59/100 | 107 | -0.090% | $104 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 81 loans, Score: 57/100 (Sound)
- Refinance: 26 loans, Score: 56/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 55/100 | 84 | $24M | -0.133% | Sound ☺️ |
| Refinance | 56/100 | 27 | $5M | -0.054% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NY | 111 | 0.10% | 70/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Watertown | NY | 91 | 98/100 |
| Non |  | 20 | 35/100 |

## Where This Lender Ranks

Watertown Savings Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Watertown Banks
  - [View Full Rankings](https://saferate.com/watertown/best-mortgage-lenders/banks)
- 🥇 **#1** in Watertown for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/watertown/best-mortgage-lenders/banks/conventional-loans)
- 🥈 **#2** in Watertown for Conventional Loans
  - [View Full Rankings](https://saferate.com/watertown/best-mortgage-lenders/conventional-loans)
- 🥉 **#3** in Watertown
  - [View Full Rankings](https://saferate.com/watertown/best-mortgage-lenders)

## Frequently Asked Questions

### What loan types does Watertown Savings Bank offer?

Watertown 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 Watertown Savings Bank offer mortgages?

Watertown Savings Bank offers mortgages in 1 states: NY.

### How competitive are Watertown Savings Bank's mortgage rates?

Watertown Savings Bank has a pricing score of 82/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.113% below market average.

### What type of lender is Watertown Savings Bank?

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

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

Watertown Savings Bank has a pull-through score of 54/100 (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/watertown-savings-bank

### How to Cite

> "Watertown Savings Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/watertown-savings-bank

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