Neighborhood Loans Mortgage Rates, Fees & Info
Des Plaines, ILLEI: 254900O723MCLR701H50
Tax ID: 20-2408098
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Mortgage Data
Review & Overview
Neighborhood Loans is a small mortgage company specializing in Home Purchase 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 by origination volume include: Chicago, Grand Rapids, Dallas, Phoenix, and Myrtle Beach among others. We have data for 225 markets. (Some data included below & more in-depth data is available with an active subscription.)Neighborhood Loans has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Neighborhood Loans is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.85% | 4/18/24 |
| 30 Year Conventional Refi | 6.79% | 4/18/24 |
| 30 Year Cash-out Refi | 7.03% | 4/18/24 |
| 30 Year FHA Purchase | 7.70% | 4/18/24 |
| 30 Year FHA Refi | 7.28% | 4/18/24 |
| 30 Year VA Purchase | 6.59% | 4/18/24 |
| 30 Year VA Refi | 6.50% | 4/18/24 |
| 30 Year USDA Purchase | 7.03% | 4/18/24 |
| 30 Year USDA Refi | 6.84% | 4/18/24 |
| 15 Year Conventional Purchase | 6.34% | 4/18/24 |
| 15 Year Conventional Refi | 6.26% | 4/18/24 |
| 15 Year Cash-out Refi | 6.26% | 4/18/24 |
| 15 Year FHA Purchase | 7.26% | 4/18/24 |
| 15 Year VA Refi | 5.68% | 4/18/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Neighborhood Loans Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Neighborhood Loans. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
7,709Origination Dollar Volume (All Markets)
$1,816,845,000Awards
Neighborhood Loans - 2023
Neighborhood Loans is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Neighborhood Loans's average 30 year fixed mortgage rate was
6.64%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.16%.
Relative Fees (Closing Costs)
Neighborhood Loans's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,393.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3,001 | $660,115,000 | $219,965 | $7,864 | 5.49% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1,006 | $266,930,000 | $265,338 | $6,409 | 6.97% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 541 | $154,145,000 | $284,926 | $10,250 | 6.06% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 176 | $69,270,000 | $393,580 | $11,482 | 6.65% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 211 | $56,745,000 | $268,934 | $7,470 | 6.95% |
| Outside of Metro Areas | 222 | $46,250,000 | $208,333 | $6,719 | 6.87% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 182 | $44,390,000 | $243,901 | $6,491 | 6.94% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 150 | $38,500,000 | $256,667 | $7,370 | 6.36% |
| WICHITA, KS (FHA|USDA|VA) | 189 | $36,955,000 | $195,529 | $7,267 | 6.85% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 107 | $28,765,000 | $268,832 | $6,077 | 6.93% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 226 | $27,100,000 | $119,912 | $6,178 | 6.79% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 135 | $24,405,000 | $180,778 | $6,808 | 6.92% |
| Holland, MI (FHA|USDA|VA) | 101 | $22,475,000 | $222,525 | $6,379 | 6.97% |
| COLUMBUS, OH (FHA|USDA|VA) | 80 | $20,720,000 | $259,000 | $8,355 | 6.24% |
| Hobbs, NM (FHA|USDA|VA) | 67 | $17,825,000 | $266,045 | $9,543 | 7.21% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 28 | $11,420,000 | $407,857 | $9,813 | 6.67% |
| MUSKEGON, MI (FHA|USDA|VA) | 62 | $11,300,000 | $182,258 | $6,538 | 6.90% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 41 | $10,705,000 | $261,098 | $11,392 | 6.63% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 42 | $10,090,000 | $240,238 | $8,383 | 6.49% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 32 | $9,970,000 | $311,563 | $10,298 | 6.13% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 61 | $9,725,000 | $159,426 | $6,291 | 6.84% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 42 | $9,670,000 | $230,238 | $8,322 | 6.80% |
| Traverse City, MI (FHA|USDA|VA) | 34 | $9,580,000 | $281,765 | $7,177 | 7.04% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 45 | $8,305,000 | $184,556 | $8,097 | 5.10% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 24 | $8,080,000 | $336,667 | $7,014 | 6.94% |
| Big Rapids, MI (FHA|USDA|VA) | 34 | $6,580,000 | $193,529 | $5,659 | 7.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 54 | $6,570,000 | $121,667 | $5,380 | 7.03% |
| ROCKFORD, IL (FHA|USDA|VA) | 40 | $6,120,000 | $153,000 | $6,223 | 6.09% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 29 | $5,385,000 | $185,690 | $5,653 | 6.57% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 26 | $5,290,000 | $203,462 | $7,104 | 6.94% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 25 | $5,235,000 | $209,400 | $8,959 | 6.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 9 | $5,175,000 | $575,000 | $10,632 | 6.84% |
| Payson, AZ (FHA|USDA|VA) | 13 | $5,105,000 | $392,692 | $11,814 | 7.58% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 25 | $4,565,000 | $182,600 | $7,548 | 6.62% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 10 | $4,360,000 | $436,000 | $14,171 | 6.57% |
| EL CENTRO, CA (FHA|USDA|VA) | 18 | $4,310,000 | $239,444 | $12,204 | 5.65% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 8 | $4,180,000 | $522,500 | $13,060 | 7.22% |
| KANKAKEE, IL (FHA|USDA|VA) | 26 | $4,050,000 | $155,769 | $6,063 | 6.10% |
| YUMA, AZ (FHA|USDA|VA) | 15 | $3,845,000 | $256,333 | $9,497 | 6.24% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $3,375,000 | $1,125,000 | $21,630 | 6.54% |
| ST. CLOUD, MN (FHA|USDA|VA) | 15 | $3,145,000 | $209,667 | $7,603 | 6.36% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 33 | $3,145,000 | $95,303 | $4,836 | 6.70% |
| Sturgis, MI (FHA|USDA|VA) | 18 | $3,120,000 | $173,333 | $7,287 | 6.85% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 12 | $3,110,000 | $259,167 | $8,987 | 6.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 7 | $3,095,000 | $442,143 | $4,003 | 7.21% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 6 | $3,010,000 | $501,667 | $9,123 | 7.08% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 6 | $2,900,000 | $483,333 | $8,561 | 6.75% |
| Georgetown, SC (FHA|USDA|VA) | 8 | $2,830,000 | $353,750 | $7,548 | 7.40% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $2,455,000 | $818,333 | $17,333 | 6.87% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $2,345,000 | $469,000 | $8,223 | 6.80% |
| Cadillac, MI (FHA|USDA|VA) | 9 | $2,325,000 | $258,333 | $6,551 | 6.65% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 6 | $2,240,000 | $373,333 | $12,178 | 6.75% |
| NILES, MI (FHA|USDA|VA) | 12 | $2,230,000 | $185,833 | $5,094 | 6.92% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $2,100,000 | $525,000 | $10,060 | 7.19% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 6 | $2,080,000 | $346,667 | $10,212 | 7.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 14 | $1,770,000 | $126,429 | $4,342 | 6.90% |
| Ottawa, IL (FHA|USDA|VA) | 11 | $1,765,000 | $160,455 | $8,106 | 6.04% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $1,545,000 | $515,000 | $13,215 | 6.62% |
| LAWRENCE, KS (FHA|USDA|VA) | 4 | $1,470,000 | $367,500 | $9,945 | 6.94% |
| TOPEKA, KS (FHA|USDA|VA) | 8 | $1,450,000 | $181,250 | $6,748 | 6.87% |
| PEORIA, IL (FHA|USDA|VA) | 5 | $1,385,000 | $277,000 | $5,636 | 6.72% |
| Ludington, MI (FHA|USDA|VA) | 7 | $1,365,000 | $195,000 | $5,456 | 6.93% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 4 | $1,330,000 | $332,500 | $7,678 | 6.93% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $1,325,000 | $441,667 | $8,876 | 6.83% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $1,305,000 | $435,000 | $7,823 | 6.92% |
| MIDLAND, MI (FHA|USDA|VA) | 7 | $1,305,000 | $186,429 | $6,497 | 6.80% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $1,285,000 | $428,333 | $14,779 | 6.71% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 8 | $1,280,000 | $160,000 | $5,364 | 6.69% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $1,280,000 | $320,000 | $9,652 | 7.53% |
| LUBBOCK, TX (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $6,305 | 7.25% |
| READING, PA (FHA|USDA|VA) | 5 | $1,205,000 | $241,000 | $9,970 | 7.25% |
| PITTSBURGH, PA (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $9,980 | 7.25% |
| Nogales, AZ (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $10,629 | 6.18% |
| TYLER, TX (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $14,936 | 7.33% |
| Alma, MI (FHA|USDA|VA) | 8 | $1,070,000 | $133,750 | $5,317 | 6.77% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $8,746 | 6.60% |
| Granbury, TX (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $7,624 | 6.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $21,420 | 6.81% |
| TULSA, OK (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $6,069 | 6.73% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 6 | $1,010,000 | $168,333 | $7,390 | 6.54% |
| Athens, TX (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $7,452 | 5.03% |
| Mount Pleasant, MI (FHA|USDA|VA) | 5 | $975,000 | $195,000 | $7,099 | 7.05% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $15,785 | 6.06% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 7 | $955,000 | $136,429 | $6,024 | 7.48% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $17,911 | 5.88% |
| KNOXVILLE, TN (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $8,631 | 6.81% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $11,303 | 6.38% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $10,901 | 6.34% |
| Bellefontaine, OH (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $6,620 | 6.33% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $10,934 | 6.63% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $9,300 | 7.56% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 6 | $920,000 | $153,333 | $7,857 | 7.73% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $15,434 | 6.29% |
| Coldwater, MI (FHA|USDA|VA) | 6 | $890,000 | $148,333 | $6,212 | 6.85% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $20,958 | 8.13% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $10,622 | 7.47% |
| AKRON, OH (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $9,066 | 4.91% |
| Bonham, TX (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $12,790 | 7.18% |
| SAGINAW, MI (FHA|USDA|VA) | 8 | $780,000 | $97,500 | $3,932 | 6.73% |
| Pottsville, PA (FHA|USDA|VA) | 5 | $735,000 | $147,000 | $6,632 | 7.10% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $10,619 | 7.37% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $6,498 | 7.00% |
| ABILENE, TX (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $15,761 | 6.58% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $3,802 | 6.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $11,539 | 7.06% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $6,045 | 7.38% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 5 | $595,000 | $119,000 | $8,098 | 6.97% |
| OCALA, FL (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $9,204 | 7.13% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $6,423 | 6.50% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $9,261 | 6.50% |
| RENO, NV (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $17,863 | 6.50% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,060 | 7.49% |
| MIDLAND, TX (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $7,702 | 6.92% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $3,524 | 7.04% |
| Corsicana, TX (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $9,169 | 7.56% |
| Kingsville, TX (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $6,337 | 5.66% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $11,259 | 6.13% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $10,072 | 8.06% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $9,650 | 7.06% |
| Hutchinson, MN (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $6,794 | 6.69% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $7,728 | 6.54% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $13,331 | 6.50% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $14,206 | 7.99% |
| Jacksonville, TX (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $7,220 | 7.75% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $4,689 | 7.16% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,187 | 7.75% |
| MADISON, WI (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $5,988 | 7.38% |
| Warsaw, IN (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $7,927 | 7.31% |
| MERCED, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $7,149 | 6.63% |
| Oxford, MS (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,063 | 7.38% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $6,769 | 7.19% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $9,674 | 5.63% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,742 | 7.13% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $7,449 | 6.75% |
| BAY CITY, MI (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $5,765 | 7.21% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $12,579 | 6.63% |
| Mineral Wells, TX (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $11,150 | 7.31% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $9,411 | 8.06% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $19,156 | 6.63% |
| FLINT, MI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,094 | 6.63% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $7,870 | 6.88% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $7,998 | 7.50% |
| DULUTH, MN-WI (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $7,001 | 6.94% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $10,086 | 6.63% |
| Coffeyville, KS (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,348 | 7.25% |
| ROCHESTER, MN (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $2,779 | 4.71% |
| Hutchinson, KS (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $6,854 | 6.44% |
| DECATUR, AL (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $4,441 | 6.46% |
| WACO, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $9,041 | 7.63% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $9,490 | 6.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $10,550 | 7.50% |
| Los Alamos, NM (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $12,252 | 6.25% |
| Pontiac, IL (FHA|USDA|VA) | 4 | $320,000 | $80,000 | $3,924 | 3.44% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,415 | 6.63% |
| Shelton, WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 7.13% |
| Urbana, OH (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $5,041 | 4.58% |
| Columbus, MS (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,819 | 7.50% |
| Rochelle, IL (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $5,362 | 4.92% |
| Ottawa, KS (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $5,804 | 6.75% |
| Freeport, IL (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $4,346 | 4.17% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 7.63% |
| Palestine, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,757 | 6.88% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $15,235 | 7.75% |
| JACKSON, MS (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 6.08% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $6,223 | 6.81% |
| Rockport, TX (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $7,586 | 7.19% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,928 | 6.88% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,127 | 7.50% |
| Winfield, KS (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $4,257 | 6.50% |
| JACKSON, MI (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,253 | 6.69% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $4,284 | 5.08% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $18,660 | 7.13% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,373 | 7.50% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,605 | 7.63% |
| AMES, IA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,174 | 6.38% |
| Marion, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,826 | 7.50% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,080 | 6.99% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,941 | 6.88% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,885 | 7.63% |
| COLUMBUS, IN (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $4,508 | 4.13% |
| Gaffney, SC (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $4,394 | 3.50% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,394 | 3.38% |
| New Castle, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,127 | 7.63% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,754 | 6.99% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $13,600 | 5.38% |
| Jasper, AL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $4,228 | 6.75% |
| Mount Vernon, IL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,549 | 3.31% |
| Paris, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,153 | 7.50% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,454 | 7.38% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,377 | 7.63% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,008 | 6.00% |
| Ponca City, OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $12,359 | 6.75% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,782 | 6.00% |
| TOLEDO, OH (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $0 | 6.50% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,954 | 7.63% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,731 | 6.75% |
| Paducah, KY-IL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $3,477 | 2.88% |
| Dixon, IL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $4,012 | 3.00% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,290 | 6.25% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,546 | 7.13% |
| Marshall, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,230 | 7.38% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,679 | 6.75% |
| Salina, KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,868 | 6.50% |
| Newport, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,307 | 6.25% |
| Waycross, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,876 | 6.88% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,529 | 7.25% |
| Quincy, IL-MO (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $2,302 | 3.31% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,956 | 5.63% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,203 | 7.50% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,428 | 6.38% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,730 | 7.50% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,068 | 7.63% |
| Jacksonville, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,781 | 6.63% |
| Cullman, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,205 | 5.99% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 8.13% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $3,320 | 3.31% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $6,348 | 5.63% |
| DECATUR, IL (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $2,020 | 3.19% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.88% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $8,490 | 6.50% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,332 | 6.13% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,429 | 6.88% |
| Storm Lake, IA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,254 | 6.75% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.13% |
| Clovis, NM (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,683 | 7.13% |
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We use machine learning to identify the top lenders compared against Neighborhood Loans based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2023, Neighborhood Loans's most frequently originated type of loan was Conventional, with 5,712 originations. Their 2nd most popular type was FHA, with 1,662 originations.
Loan Reason
For 2023, Neighborhood Loans's most frequently cited loan purpose was Home Purchase, with 7,350 originations. The 2nd most popular reason was Cash Out Refi, with 258 originations.
Loan Duration/Length
For 2023, Neighborhood Loans's most frequently cited loan duration was 30 Year, with 6,909 originations. The 2nd most popular length was 10 Year, with 343 originations.
Origination Fees/Closing Costs
Neighborhood Loans's average total fees were $8,393, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,644 originations.
Interest Rates
During 2023, Neighborhood Loans's average interest rate for loans was 6.64%, while their most frequently originated rate bucket for loans was 6-7%, with 3,595 originations.
Loan Sizing
2023 saw Neighborhood Loans place emphasis on $200k-400k loans with 3,479 originations, totaling $983,665,000 in origination value.
Applicant Income
Neighborhood Loans lent most frequently to those with incomes in the $50k-75k range, with 2,019 originations. The second most popular income band? $75k-100k, with 1,755 originations.
Applicant Debt to Income Ratio
Neighborhood Loans lent most frequently to those with DTI ratios of 30-36%, with 1,095 originations. The next most common DTI ratio? 20-30%, with 793 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.95%
Neighborhood Loans has a below average approval rate.
Pick Rate
Approvals leading to origination84.62%
Neighborhood Loans has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 7,709 | $1,816,845,000 | $235,678 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7,709 | $1,816,845,000 | $235,678 |