Neighborhood Loans Mortgage Rates, Fees & Info
Des Plaines, ILLEI: 254900O723MCLR701H50
Tax ID: 20-2408098
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Neighborhood Loans is a small mortgage company specializing in Home Purchase and Refi loans. Neighborhood Loans 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 include Chicago, Grand Rapids, Phoenix, Las Vegas, and Yuma among others. Neighborhood Loans has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Neighborhood Loans is typically an average fee lendor.Originations
10,642Origination Dollar Volume (All Markets)
$2,534,850,000Awards
Neighborhood Loans - 2021
Neighborhood Loans is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Neighborhood Loans 's average 30 year fixed rate mortgage of loans were
3.25%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.1%.
Relative Fees
Neighborhood Loans 's average total fees for a 30 year fixed rate
mortgage are $5,484.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4,738 | $1,123,590,000 | $237,144 | $5,503 | 3.05% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2,051 | $462,125,000 | $225,317 | $3,498 | 3.22% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 974 | $286,140,000 | $293,778 | $5,781 | 3.19% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 359 | $107,035,000 | $298,148 | $6,067 | 3.16% |
| YUMA, AZ (FHA|USDA|VA) | 466 | $87,080,000 | $186,867 | $6,333 | 3.37% |
| Outside of Metro Areas | 301 | $58,595,000 | $194,668 | $4,165 | 3.27% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 139 | $37,565,000 | $270,252 | $4,638 | 3.27% |
| EL CENTRO, CA (FHA|USDA|VA) | 149 | $30,825,000 | $206,879 | $7,105 | 3.08% |
| Holland, MI (FHA|USDA|VA) | 130 | $29,410,000 | $226,231 | $3,940 | 3.26% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 88 | $23,840,000 | $270,909 | $3,504 | 3.09% |
| Hobbs, NM (FHA|USDA|VA) | 105 | $22,875,000 | $217,857 | $5,950 | 3.27% |
| MUSKEGON, MI (FHA|USDA|VA) | 107 | $18,135,000 | $169,486 | $3,643 | 3.28% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 72 | $17,070,000 | $237,083 | $6,717 | 3.07% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 35 | $16,995,000 | $485,571 | $6,679 | 3.18% |
| Big Rapids, MI (FHA|USDA|VA) | 63 | $10,525,000 | $167,063 | $3,616 | 3.25% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 48 | $10,460,000 | $217,917 | $4,802 | 3.03% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 22 | $9,280,000 | $421,818 | $4,739 | 3.01% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 54 | $9,170,000 | $169,815 | $3,881 | 3.19% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 28 | $8,580,000 | $306,429 | $6,869 | 3.15% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 49 | $8,555,000 | $174,592 | $3,692 | 3.17% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 20 | $8,500,000 | $425,000 | $7,765 | 3.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 35 | $7,965,000 | $227,571 | $3,292 | 3.16% |
| TUCSON, AZ (FHA|USDA|VA) | 33 | $7,565,000 | $229,242 | $5,351 | 3.32% |
| ROCKFORD, IL (FHA|USDA|VA) | 47 | $7,105,000 | $151,170 | $4,194 | 3.14% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 21 | $6,535,000 | $311,190 | $9,341 | 2.78% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 20 | $6,220,000 | $311,000 | $5,299 | 3.14% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 33 | $5,805,000 | $175,909 | $4,119 | 3.35% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 7 | $4,645,000 | $663,571 | $4,562 | 3.11% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 12 | $3,760,000 | $313,333 | $6,228 | 3.20% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 10 | $3,730,000 | $373,000 | $5,417 | 3.42% |
| Traverse City, MI (FHA|USDA|VA) | 15 | $3,495,000 | $233,000 | $3,898 | 3.08% |
| BOISE CITY, ID (FHA|USDA|VA) | 10 | $3,300,000 | $330,000 | $7,040 | 3.30% |
| KANKAKEE, IL (FHA|USDA|VA) | 20 | $3,160,000 | $158,000 | $4,709 | 2.99% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 15 | $3,045,000 | $203,000 | $3,547 | 2.97% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 8 | $2,970,000 | $371,250 | $5,599 | 3.14% |
| Ottawa, IL (FHA|USDA|VA) | 14 | $2,580,000 | $184,286 | $4,819 | 3.31% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 7 | $2,495,000 | $356,429 | $4,832 | 3.11% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 9 | $2,355,000 | $261,667 | $4,635 | 3.32% |
| NILES, MI (FHA|USDA|VA) | 11 | $2,175,000 | $197,727 | $3,431 | 3.30% |
| Payson, AZ (FHA|USDA|VA) | 5 | $2,075,000 | $415,000 | $6,729 | 3.65% |
| Cadillac, MI (FHA|USDA|VA) | 10 | $1,970,000 | $197,000 | $3,411 | 3.15% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 16 | $1,890,000 | $118,125 | $3,871 | 2.55% |
| Pahrump, NV (FHA|USDA|VA) | 8 | $1,770,000 | $221,250 | $6,516 | 3.41% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 3 | $1,695,000 | $565,000 | $5,591 | 3.21% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $1,635,000 | $233,571 | $5,827 | 3.00% |
| Key West, FL (FHA|USDA|VA) | 2 | $1,500,000 | $750,000 | $8,722 | 3.19% |
| FLINT, MI (FHA|USDA|VA) | 8 | $1,440,000 | $180,000 | $2,929 | 3.13% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 9 | $1,325,000 | $147,222 | $2,420 | 2.83% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $1,290,000 | $322,500 | $5,725 | 3.16% |
| Show Low, AZ (FHA|USDA|VA) | 6 | $1,280,000 | $213,333 | $6,024 | 3.02% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $7,884 | 3.00% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $3,568 | 3.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $5,358 | 3.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,150,000 | $287,500 | $6,170 | 3.25% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $7,359 | 2.88% |
| Whitewater, WI (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $2,706 | 2.90% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 6 | $1,080,000 | $180,000 | $3,005 | 2.33% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $2,801 | 3.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 6 | $1,040,000 | $173,333 | $8,354 | 3.38% |
| Mount Pleasant, MI (FHA|USDA|VA) | 7 | $1,005,000 | $143,571 | $3,881 | 3.29% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $7,911 | 3.13% |
| Ludington, MI (FHA|USDA|VA) | 6 | $990,000 | $165,000 | $3,965 | 2.96% |
| PEORIA, IL (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $3,261 | 3.00% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $7,513 | 3.31% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $7,880 | 3.13% |
| RENO, NV (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $3,516 | 3.75% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 5 | $825,000 | $165,000 | $4,145 | 3.23% |
| Hillsdale, MI (FHA|USDA|VA) | 6 | $820,000 | $136,667 | $5,505 | 3.52% |
| Fallon, NV (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $4,288 | 3.56% |
| MERCED, CA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $9,510 | 3.50% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 6 | $770,000 | $128,333 | $3,041 | 2.75% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $5,543 | 3.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $3,223 | 3.00% |
| SALEM, OR (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $6,331 | 2.29% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $3,346 | 2.75% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $8,923 | 3.13% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $3,714 | 2.84% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $3,237 | 3.22% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $12,669 | 3.25% |
| RACINE, WI (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $2,437 | 3.25% |
| Rochelle, IL (FHA|USDA|VA) | 7 | $545,000 | $77,857 | $2,922 | 1.84% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $13,263 | 3.50% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $4,645 | 3.29% |
| MIDLAND, MI (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $6,417 | 2.69% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $7,804 | 2.75% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $2,826 | 3.06% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $3,820 | 3.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $1,822 | 2.83% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $7,221 | 3.63% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $2,180 | 3.31% |
| Freeport, IL (FHA|USDA|VA) | 5 | $485,000 | $97,000 | $3,199 | 2.94% |
| Coldwater, MI (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $4,696 | 3.06% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,630 | 2.88% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,231 | 2.81% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,507 | 2.88% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,771 | 3.19% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,315 | 3.50% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $4,680 | 4.31% |
| Dixon, IL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $4,651 | 2.81% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,422 | 3.38% |
| JACKSON, MI (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $3,670 | 3.08% |
| LAWRENCE, KS (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,675 | 2.94% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,002 | 3.00% |
| Ada, OK (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $6,510 | 3.31% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $10,613 | 3.25% |
| Deming, NM (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $9,094 | 3.25% |
| Marquette, MI (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,928 | 3.38% |
| Centralia, WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $11,824 | 3.63% |
| LAS CRUCES, NM (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $4,366 | 3.06% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,022 | 3.25% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,706 | 3.13% |
| Astoria, OR (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,096 | 3.88% |
| Escanaba, MI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,533 | 3.38% |
| Jacksonville, IL (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $2,992 | 2.13% |
| Roswell, NM (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,546 | 3.50% |
| TULSA, OK (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $5,941 | 3.50% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,612 | 2.38% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,692 | 3.38% |
| CHICO, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,736 | 3.00% |
| Fernley, NV (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,042 | 3.38% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,535 | 3.13% |
| DANVILLE, IL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,483 | 3.19% |
| Pontiac, IL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,696 | 2.94% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 3.63% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,422 | 3.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,314 | 3.13% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,839 | 2.50% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $6,585 | 3.00% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,560 | 3.06% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,102 | 2.88% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 3.63% |
| BAY CITY, MI (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,419 | 3.25% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,739 | 3.00% |
| REDDING, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,517 | 3.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,411 | 4.63% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,493 | 3.63% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,625 | 2.88% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,259 | 3.63% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $11,221 | 2.50% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,427 | 3.38% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,592 | 3.25% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,168 | 2.88% |
| Safford, AZ (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,813 | 3.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,711 | 3.13% |
| Winnemucca, NV (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,334 | 2.88% |
| Storm Lake, IA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,345 | 3.50% |
| Silver City, NM (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $4,113 | 3.38% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,797 | 3.63% |
| TYLER, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,611 | 3.38% |
| Levelland, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,611 | 3.25% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,649 | 2.63% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,280 | 2.75% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,547 | 5.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $2,846 | 3.94% |
| Hutchinson, KS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,017 | 3.25% |
| Macomb, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,435 | 2.75% |
| Taylorville, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,694 | 3.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,433 | 3.50% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,149 | 2.13% |
| Iron Mountain, MI-WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,950 | 3.50% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,034 | 2.88% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.88% |
| Alma, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,318 | 3.13% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,725 | 4.13% |
Neighborhood Loans 's top markets include Chicago, Grand Rapids, Phoenix, Las Vegas, and Yuma among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 7,999 | $1,889,685,000 | $236,240 | $3,772 | 3.11% |
| FHA | 2,140 | $510,090,000 | $238,360 | $9,114 | 3.29% |
| VA | 344 | $105,380,000 | $306,337 | $7,646 | 2.97% |
| USDA | 159 | $29,695,000 | $186,761 | $6,024 | 3.10% |
For the 2021 period, Neighborhood Loans 's most frequently originated loan type of loans were Conventional, with 7,999 originations. Their 2nd most popular type is FHA, with 2,140 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 7,192 | $1,734,610,000 | $241,186 | $5,815 | 3.17% |
| Refi | 2,226 | $515,830,000 | $231,730 | $3,127 | 2.97% |
| Cash Out Refi | 1,224 | $284,410,000 | $232,361 | $4,094 | 3.29% |
For the 2021, Neighborhood Loans 's most frequently cited loan purpose of loans were Home Purchase, with 7,192 originations. The 2nd most popular reason of loans were Refi, with 2,226 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 9,128 | $2,299,990,000 | $251,971 | $5,484 | 3.25% |
| 15 Year | 800 | $159,720,000 | $199,650 | $2,929 | 2.60% |
| 20 Year | 226 | $48,710,000 | $215,531 | $3,303 | 3.04% |
| 5 Year | 193 | $965,000 | $5,000 | $2 | 0.00% |
| 10 Year | 120 | $8,280,000 | $69,000 | $1,224 | 1.61% |
| Other | 88 | $16,180,000 | $183,864 | $2,208 | 3.03% |
| 3 Year | 87 | $1,005,000 | $11,552 | $17 | 0.03% |
For the 2021, Neighborhood Loans 's most frequently cited loan length of loans were 30 Year, with 9,128 originations. The 2nd most popular length of loans were 15 Year, with 800 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 7,234 | $1,788,130,000 | $247,184 |
| $2k-3k | 1,107 | $265,655,000 | $239,977 |
| $3k-4k | 895 | $240,455,000 | $268,665 |
| $<1k | 633 | $54,425,000 | $85,979 |
| $5k+ | 229 | $81,985,000 | $358,013 |
$5,484 of loans were Neighborhood Loans 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 7,234 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 6,041 | $1,492,555,000 | $247,071 |
| 2.5-3% | 3,054 | $807,750,000 | $264,489 |
| <2.5% | 849 | $143,155,000 | $168,616 |
| 4-5% | 404 | $89,280,000 | $220,990 |
| 5-6% | 1 | $25,000 | $25,000 |
During 2021, Neighborhood Loans 's average interest rate of loans were 3.25%, while their most frequently originated rate bucket of loans were 3-4%, with 6,041 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 5,282 | $1,448,540,000 | $274,241 | $5,869 | 3.23% |
| $100k-200k | 3,480 | $547,360,000 | $157,287 | $4,343 | 3.21% |
| $100,000 or less | 922 | $35,660,000 | $38,677 | $1,520 | 2.03% |
| $400k-600k | 820 | $390,090,000 | $475,720 | $5,733 | 3.11% |
| $600k-1MM | 118 | $87,180,000 | $738,814 | $7,273 | 3.07% |
| $1MM+ | 20 | $26,020,000 | $1,301,000 | $8,442 | 2.93% |
2021 saw Neighborhood Loans place emphasis on $200k-400k loans with 5,282 originations, totaling $1,448,540,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 3,338 | $688,740,000 | $206,333 | $5,283 | 3.12% |
| $50k or less | 2,453 | $404,945,000 | $165,082 | $4,952 | 3.14% |
| $75k-100k | 1,910 | $465,540,000 | $243,738 | $5,242 | 3.18% |
| $100k-150k | 1,714 | $504,600,000 | $294,399 | $4,973 | 3.16% |
| $150k-250k | 836 | $300,380,000 | $359,306 | $4,411 | 3.12% |
| $250k+ | 268 | $137,000,000 | $511,194 | $4,761 | 3.11% |
Neighborhood Loans lent most frequently to those with incomes in the $50k-75k range, with 3,338 originations. The second most popular income band? $50k or less, with 2,453 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1,926 | $456,180,000 | $236,854 | $3,974 | 3.10% |
| 30-36% | 1,839 | $449,935,000 | $244,663 | $4,554 | 3.16% |
| 50-60% | 753 | $184,765,000 | $245,372 | $8,596 | 3.10% |
| <20% | 585 | $120,985,000 | $206,812 | $3,194 | 2.88% |
| 44% | 491 | $114,695,000 | $233,595 | $5,834 | 3.24% |
| 43% | 482 | $109,150,000 | $226,452 | $5,462 | 3.23% |
| 42% | 478 | $113,490,000 | $237,427 | $5,265 | 3.21% |
| 40% | 450 | $108,730,000 | $241,622 | $5,121 | 3.16% |
| 39% | 436 | $106,730,000 | $244,794 | $4,882 | 3.15% |
| 37% | 398 | $90,730,000 | $227,965 | $4,780 | 3.18% |
| 41% | 385 | $90,525,000 | $235,130 | $5,183 | 3.18% |
| 49% | 372 | $96,830,000 | $260,296 | $5,825 | 3.22% |
| 38% | 348 | $83,320,000 | $239,425 | $4,994 | 3.26% |
| 46% | 340 | $80,820,000 | $237,706 | $5,622 | 3.13% |
| 45% | 340 | $83,510,000 | $245,618 | $5,309 | 3.20% |
| 36% | 326 | $75,560,000 | $231,779 | $4,759 | 3.16% |
| 47% | 323 | $81,465,000 | $252,214 | $5,604 | 3.17% |
| 48% | 296 | $68,890,000 | $232,736 | $5,471 | 3.13% |
| >60% | 9 | $2,635,000 | $292,778 | $10,473 | 2.78% |
Neighborhood Loans lent most frequently to those with DTI ratios of 20-30%, with 1,926 originations. The next most common DTI ratio? 30-36%, with 1,839 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 6,684 | $1,604,770,000 | $240,091 | $4,883 | 3.14% |
| Not provided | 3,166 | $737,460,000 | $232,931 | $5,206 | 3.16% |
| Asian | 299 | $83,515,000 | $279,314 | $5,448 | 3.07% |
| Black | 390 | $83,120,000 | $213,128 | $6,086 | 3.12% |
| American Indian | 55 | $12,055,000 | $219,182 | $6,302 | 3.04% |
| Native Hawaiian | 19 | $5,165,000 | $271,842 | $6,159 | 3.44% |
| Other Asian | 16 | $4,490,000 | $280,625 | $6,460 | 3.20% |
| Asian Indian | 8 | $3,050,000 | $381,250 | $5,812 | 2.83% |
| Other Pacific Islander | 3 | $735,000 | $245,000 | $5,160 | 3.50% |
| Filipino | 1 | $295,000 | $295,000 | $9,436 | 4.75% |
| Chinese | 1 | $195,000 | $195,000 | $6,975 | 3.00% |
Approval Rates
Total approvals of all applications84.96%
Neighborhood Loans has a below average approval rate.
Pick Rate
Approvals leading to origination87.69%
Neighborhood Loans has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 10,642 | $2,534,850,000 | $238,193 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 10,642 | $2,534,850,000 | $238,193 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 228 | $34,300,000 | $150,439 | $3,228 | 2.94% |
| 40-60% | 882 | $185,620,000 | $210,454 | $3,189 | 2.97% |
| 60-80% | 2,952 | $758,950,000 | $257,097 | $3,837 | 3.21% |
| 80-100% | 5,950 | $1,524,160,000 | $256,161 | $6,213 | 3.27% |
| Over 100% | 74 | $24,420,000 | $330,000 | $13,330 | 3.08% |
| Under 20% | 543 | $5,045,000 | $9,291 | $71 | 0.21% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Neighborhoods United, LLC | Conventional home mortgage | Struggling to pay mortgage | 1 | 25.0% |
| Neighborhoods United, LLC | Other type of mortgage | Closing on a mortgage | 1 | 25.0% |
| Neighborhoods United, LLC | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 25.0% |
| Neighborhoods United, LLC | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |
