Neighborhood Loans Mortgage Rates, Fees & Info

Des Plaines, IL

LEI: 254900O723MCLR701H50

Tax ID: 20-2408098

4 stars - out of 5 stars, based on 103 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

10,642

Origination Dollar Volume (All Markets)

$2,534,850,000

Awards

Neighborhood Loans  USDA Loans gold
Show all (1) awards

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 applications
84.96%

Neighborhood Loans has a below average approval rate.

Pick Rate

Approvals leading to origination
87.69%

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%