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Chelsea Groton Bank

Bank•Groton, CTHQ•Direct•Reviews near you on Google

Chelsea Groton Bank has 250 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Exceptional
5/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
Conventional · Jumbo
Place
Strong
4/5
Regional · 3 mkts
Safe Rate Awards
Conventional Superstar
Conventional
Superstar
Purchase Superstar
Purchase
Superstar
Refinance Superstar
Refinance
Superstar

Safe Rate Summary

What They Do Well

  • Offers rates 1.50 basis points below market average
  • Lower than average lender fees
  • Strong pull through performance

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Report Card

Chelsea Groton Bank performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Exceptional
Rates 1.5 bps below market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
Jumbo
Sound
Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Top 60% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Regional · 3 markets
Strong
Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Strong
Product
Strong
Pricing
Exceptional
Pull Through
Strong
Volume239
Mix95.6%
Spread
-0.016%Below
Fees
$319Fees
Jumbo Loans
Overall
Sound
Product
Sound
Pricing—
Pull Through—
Volume11
Mix4.4%
Spread
+0.041%Above
Fees
$615Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Strong
Product
Sound
Pricing
Exceptional
Pull Through
Sound
Volume224
Mix89.6%
Spread
-0.028%Below
Fees
$320Fees
Refinance
Overall
Strong
Product
Sound
Pricing
Strong
Pull Through
Strong
Volume26
Mix10.4%
Spread
+0.078%Above
Fees
$337Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
250
Applications
365
Volume
$101 million
Pricing & Closing
Avg Rate Spread
-0.015%
vs. market APOR
Avg Net Fees
$322
Origination − Credits
Pullthrough Rate
68.5%
Applications → Closed
Typical Borrower
Avg Loan Amount
$406,240
Avg Borrower Income
$180,168
Avg Property Value
$564,240

Geographic Coverage

Geographic Performance

Metro Areas
3
markets with activity
States Served
2
of 50 states + DC
Avg Place Specialization
Strong
4/5

States with Loan Originations

2
2 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast2
CTRI

Top Metro Areas by Place Specialization Score

1© Bobphoenix · CC BY-SA 4.0
Norwich, CTMetro
Volume 103Mix 41.20% of portfolio
96/100
Exceptional
2© Quintin Soloviev · CC BY 4.0
Hartford, CTMetro
Volume 113Mix 45.20% of portfolio
78/100
Strong
3© Macaolards · CC BY-SA 4.0
Providence, RI-MAMetro
Volume 12Mix 4.80% of portfolio
45/100
Sound

Top States by Place Specialization Score

Connecticut
Connecticut
1
ConnecticutState
Volume 238Mix 95.20% of portfolio
81/100
Exceptional
Rhode Island
Rhode Island
2
Rhode IslandState
Volume 12Mix 4.80% of portfolio
46/100
Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 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.