Neighborhood Loans Mortgage Rates, Fees & Info

Des Plaines, IL

LEI: 254900O723MCLR701H50

Tax ID: 20-2408098

2.1 stars - out of 5 stars, based on 85 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Phoenix, Dallas, and Las Vegas among others. We have data for 195 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 an average 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% 6/4/23
    30 Year Conventional Refi 6.79% 6/4/23
    30 Year Cash-out Refi 7.03% 6/4/23
    30 Year FHA Purchase 7.70% 6/4/23
    30 Year FHA Refi 7.28% 6/4/23
    30 Year VA Purchase 6.59% 6/4/23
    30 Year VA Refi 6.50% 6/4/23
    30 Year USDA Purchase 7.03% 6/4/23
    30 Year USDA Refi 6.84% 6/4/23
    15 Year Conventional Purchase 6.34% 6/4/23
    15 Year Conventional Refi 6.26% 6/4/23
    15 Year Cash-out Refi 6.26% 6/4/23
    15 Year FHA Purchase 7.26% 6/4/23
    15 Year VA Refi 5.68% 6/4/23
    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

    7,189

    Origination Dollar Volume (All Markets)

    $1,832,015,000

    Awards

    Neighborhood Loans USDA Loans gold
    Show all (1) awards

    Relative Rate

    Neighborhood Loans's average 30 year fixed mortgage rate was 5.33%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.57%.

    Relative Fees (Closing Costs)

    Neighborhood Loans's average total fees/closing costs for a 30 year fixed rate mortgage were $7,644.

    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 $4,750.

    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) 2,963 $737,175,000 $248,793 $7,891 5.07%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1,326 $336,610,000 $253,854 $5,492 5.44%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 342 $121,230,000 $354,474 $8,512 4.91%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 335 $103,185,000 $308,015 $9,775 5.68%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 184 $64,230,000 $349,076 $9,081 4.65%
    Outside of Metro Areas 254 $48,280,000 $190,079 $5,586 5.53%
    YUMA, AZ (FHA|USDA|VA) 203 $40,565,000 $199,828 $7,819 4.85%
    EL CENTRO, CA (FHA|USDA|VA) 153 $37,295,000 $243,758 $9,864 4.34%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 142 $37,160,000 $261,690 $5,473 5.28%
    Holland, MI (FHA|USDA|VA) 80 $19,490,000 $243,625 $5,629 5.57%
    MUSKEGON, MI (FHA|USDA|VA) 81 $14,755,000 $182,160 $5,665 5.35%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 34 $14,650,000 $430,882 $8,981 4.85%
    Hobbs, NM (FHA|USDA|VA) 60 $13,970,000 $232,833 $7,278 5.25%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 45 $11,665,000 $259,222 $7,026 6.44%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 51 $11,645,000 $228,333 $6,405 5.38%
    Big Rapids, MI (FHA|USDA|VA) 45 $8,715,000 $193,667 $5,613 5.73%
    BATTLE CREEK, MI (FHA|USDA|VA) 52 $8,270,000 $159,038 $5,959 5.05%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 20 $8,230,000 $411,500 $8,207 5.49%
    COLUMBUS, OH (FHA|USDA|VA) 30 $7,840,000 $261,333 $8,496 5.26%
    ALBUQUERQUE, NM (FHA|USDA|VA) 21 $6,985,000 $332,619 $11,056 4.47%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 23 $6,965,000 $302,826 $6,908 4.45%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 18 $6,850,000 $380,556 $9,661 5.24%
    Traverse City, MI (FHA|USDA|VA) 23 $6,505,000 $282,826 $6,790 5.85%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 12 $6,380,000 $531,667 $10,264 4.47%
    ROCKFORD, IL (FHA|USDA|VA) 48 $6,200,000 $129,167 $5,389 4.61%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 28 $6,140,000 $219,286 $6,628 5.58%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 29 $6,135,000 $211,552 $4,433 6.37%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 27 $5,555,000 $205,741 $5,292 5.26%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 32 $5,340,000 $166,875 $5,659 5.23%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 11 $5,175,000 $470,455 $12,140 4.25%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 10 $5,020,000 $502,000 $12,536 4.96%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 40 $4,620,000 $115,500 $14,275 6.78%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 12 $4,530,000 $377,500 $9,313 4.82%
    KANKAKEE, IL (FHA|USDA|VA) 25 $4,065,000 $162,600 $5,575 5.46%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 11 $3,815,000 $346,818 $13,514 5.21%
    Nogales, AZ (FHA|USDA|VA) 14 $3,600,000 $257,143 $8,350 4.98%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 11 $2,735,000 $248,636 $8,619 6.72%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $2,320,000 $580,000 $9,375 6.00%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 11 $2,265,000 $205,909 $6,155 5.67%
    TUCSON, AZ (FHA|USDA|VA) 8 $2,240,000 $280,000 $7,634 4.39%
    BOISE CITY, ID (FHA|USDA|VA) 6 $2,200,000 $366,667 $9,672 5.42%
    Ludington, MI (FHA|USDA|VA) 12 $2,120,000 $176,667 $4,205 5.69%
    WICHITA, KS (FHA|USDA|VA) 12 $2,040,000 $170,000 $6,080 7.06%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 10 $2,020,000 $202,000 $5,017 4.80%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 10 $1,990,000 $199,000 $4,962 4.60%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 7 $1,865,000 $266,429 $9,770 5.71%
    Ottawa, IL (FHA|USDA|VA) 14 $1,830,000 $130,714 $4,540 5.21%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $1,790,000 $298,333 $9,073 5.46%
    LUBBOCK, TX (FHA|USDA|VA) 4 $1,760,000 $440,000 $9,350 5.56%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 5 $1,665,000 $333,000 $5,180 5.23%
    JACKSONVILLE, FL (FHA|USDA|VA) 4 $1,630,000 $407,500 $9,472 5.06%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,550,000 $387,500 $10,893 4.34%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 8 $1,510,000 $188,750 $5,197 5.61%
    JACKSON, MI (FHA|USDA|VA) 8 $1,440,000 $180,000 $6,280 5.38%
    FLAGSTAFF, AZ (FHA|USDA|VA) 3 $1,405,000 $468,333 $5,862 5.71%
    Cadillac, MI (FHA|USDA|VA) 8 $1,370,000 $171,250 $4,979 5.16%
    KNOXVILLE, TN (FHA|USDA|VA) 4 $1,350,000 $337,500 $8,095 6.38%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $1,300,000 $325,000 $6,954 4.69%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 5 $1,185,000 $237,000 $10,085 6.45%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $1,150,000 $575,000 $7,307 5.25%
    FRESNO, CA (FHA|USDA|VA) 4 $1,130,000 $282,500 $7,580 4.63%
    MADISON, WI (FHA|USDA|VA) 3 $1,115,000 $371,667 $5,155 6.33%
    FORT COLLINS, CO (FHA|USDA|VA) 3 $1,035,000 $345,000 $3,591 4.71%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $980,000 $245,000 $8,447 3.81%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $970,000 $485,000 $6,952 5.25%
    OCALA, FL (FHA|USDA|VA) 2 $960,000 $480,000 $10,811 5.31%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $935,000 $935,000 $7,444 4.00%
    Mount Pleasant, MI (FHA|USDA|VA) 7 $925,000 $132,143 $4,783 4.77%
    NILES, MI (FHA|USDA|VA) 4 $890,000 $222,500 $4,346 5.19%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $840,000 $420,000 $3,093 4.44%
    Whitewater, WI (FHA|USDA|VA) 3 $835,000 $278,333 $6,435 5.04%
    LONGVIEW, TX (FHA|USDA|VA) 3 $805,000 $268,333 $11,803 6.00%
    REDDING, CA (FHA|USDA|VA) 2 $800,000 $400,000 $11,549 5.75%
    BAY CITY, MI (FHA|USDA|VA) 4 $790,000 $197,500 $5,223 5.38%
    Shelton, WA (FHA|USDA|VA) 2 $790,000 $395,000 $0 6.63%
    MIDLAND, TX (FHA|USDA|VA) 4 $780,000 $195,000 $6,982 5.13%
    Durango, CO (FHA|USDA|VA) 1 $775,000 $775,000 $5,466 4.99%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $765,000 $255,000 $10,428 4.92%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 6 $710,000 $118,333 $7,324 6.60%
    COLUMBIA, SC (FHA|USDA|VA) 2 $700,000 $350,000 $7,919 5.06%
    PEORIA, IL (FHA|USDA|VA) 7 $685,000 $97,857 $3,826 4.39%
    Los Alamos, NM (FHA|USDA|VA) 2 $680,000 $340,000 $4,184 6.74%
    Crossville, TN (FHA|USDA|VA) 2 $680,000 $340,000 $4,340 4.31%
    SAGINAW, MI (FHA|USDA|VA) 3 $665,000 $221,667 $6,949 5.42%
    Coldwater, MI (FHA|USDA|VA) 3 $655,000 $218,333 $5,835 5.25%
    TULSA, OK (FHA|USDA|VA) 3 $645,000 $215,000 $5,717 4.88%
    TYLER, TX (FHA|USDA|VA) 4 $640,000 $160,000 $5,747 5.06%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $595,000 $595,000 $5,796 5.50%
    Sturgis, MI (FHA|USDA|VA) 3 $565,000 $188,333 $4,523 5.50%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 3 $545,000 $181,667 $5,814 5.29%
    RENO, NV (FHA|USDA|VA) 2 $540,000 $270,000 $6,113 4.25%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 2 $510,000 $255,000 $4,430 6.25%
    Ada, OK (FHA|USDA|VA) 2 $480,000 $240,000 $6,780 6.63%
    COLUMBUS, GA-AL (FHA|USDA|VA) 5 $475,000 $95,000 $3,395 5.90%
    Ottawa, KS (FHA|USDA|VA) 3 $465,000 $155,000 $3,876 5.79%
    GREELEY, CO (FHA|USDA|VA) 2 $460,000 $230,000 $8,019 5.00%
    Hillsdale, MI (FHA|USDA|VA) 3 $455,000 $151,667 $5,508 4.54%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $450,000 $225,000 $5,687 4.68%
    SANTA FE, NM (FHA|USDA|VA) 1 $445,000 $445,000 $8,013 3.75%
    MODESTO, CA (FHA|USDA|VA) 1 $435,000 $435,000 $16,231 6.38%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $435,000 $435,000 $10,116 4.88%
    MIDLAND, MI (FHA|USDA|VA) 2 $430,000 $215,000 $5,751 5.56%
    Silver City, NM (FHA|USDA|VA) 3 $415,000 $138,333 $5,743 5.04%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $415,000 $415,000 $8,176 7.63%
    Rochelle, IL (FHA|USDA|VA) 2 $410,000 $205,000 $9,704 6.19%
    Pahrump, NV (FHA|USDA|VA) 2 $400,000 $200,000 $9,335 4.50%
    Marion, OH (FHA|USDA|VA) 3 $395,000 $131,667 $5,748 6.42%
    MADERA, CA (FHA|USDA|VA) 1 $395,000 $395,000 $6,528 4.50%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $395,000 $395,000 $4,640 6.63%
    RACINE, WI (FHA|USDA|VA) 2 $390,000 $195,000 $3,959 6.25%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $385,000 $385,000 $2,983 7.13%
    WACO, TX (FHA|USDA|VA) 2 $360,000 $180,000 $0 5.06%
    Warrensburg, MO (FHA|USDA|VA) 1 $355,000 $355,000 $5,710 3.63%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 3 $355,000 $118,333 $4,470 5.04%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $355,000 $355,000 $13,689 4.50%
    ST. CLOUD, MN (FHA|USDA|VA) 3 $345,000 $115,000 $4,085 7.31%
    Brainerd, MN (FHA|USDA|VA) 1 $345,000 $345,000 $23,129 5.63%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $345,000 $345,000 $9,930 6.13%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $345,000 $345,000 $11,441 7.00%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $345,000 $345,000 $13,545 6.99%
    EL PASO, TX (FHA|USDA|VA) 2 $340,000 $170,000 $7,073 5.25%
    Dixon, IL (FHA|USDA|VA) 1 $335,000 $335,000 $3,513 4.75%
    Kirksville, MO (FHA|USDA|VA) 1 $325,000 $325,000 $3,705 6.50%
    Cedar City, UT (FHA|USDA|VA) 1 $315,000 $315,000 $11,711 5.75%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 2 $310,000 $155,000 $2,783 5.13%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $305,000 $305,000 $3,148 4.75%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $305,000 $305,000 $13,145 3.13%
    Mount Pleasant, TX (FHA|USDA|VA) 1 $305,000 $305,000 $4,873 5.25%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $305,000 $305,000 $4,053 4.38%
    Show Low, AZ (FHA|USDA|VA) 1 $295,000 $295,000 $9,635 7.50%
    Granbury, TX (FHA|USDA|VA) 1 $295,000 $295,000 $9,703 6.00%
    MONTGOMERY, AL (FHA|USDA|VA) 3 $285,000 $95,000 $0 6.33%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $285,000 $285,000 $2,789 5.63%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $275,000 $275,000 $13,106 5.88%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $275,000 $275,000 $10,620 4.25%
    AMES, IA (FHA|USDA|VA) 1 $275,000 $275,000 $14,350 4.99%
    St. Marys, GA (FHA|USDA|VA) 1 $265,000 $265,000 $4,906 5.49%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $265,000 $265,000 $4,276 5.75%
    Bartlesville, OK (FHA|USDA|VA) 1 $265,000 $265,000 $9,025 5.38%
    Iron Mountain, MI-WI (FHA|USDA|VA) 2 $240,000 $120,000 $5,827 6.06%
    FLINT, MI (FHA|USDA|VA) 1 $235,000 $235,000 $4,730 7.50%
    WHEELING, WV-OH (FHA|USDA|VA) 1 $235,000 $235,000 $8,439 6.88%
    Sterling, IL (FHA|USDA|VA) 1 $235,000 $235,000 $7,785 4.25%
    Grand Rapids, MN (FHA|USDA|VA) 1 $225,000 $225,000 $6,611 7.37%
    VISALIA, CA (FHA|USDA|VA) 1 $225,000 $225,000 $7,896 5.88%
    Fernley, NV (FHA|USDA|VA) 2 $220,000 $110,000 $6,676 8.75%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $205,000 $205,000 $8,538 7.38%
    Marquette, MI (FHA|USDA|VA) 1 $205,000 $205,000 $5,854 6.13%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $205,000 $205,000 $4,465 3.13%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $205,000 $205,000 $5,347 4.63%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $205,000 $205,000 $4,943 4.38%
    DECATUR, IL (FHA|USDA|VA) 1 $205,000 $205,000 $4,644 4.37%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $205,000 $205,000 $8,592 4.38%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $205,000 $205,000 $4,237 5.13%
    Athens, TX (FHA|USDA|VA) 2 $200,000 $100,000 $5,413 5.31%
    LAREDO, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,071 4.25%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $195,000 $195,000 $8,226 7.13%
    VICTORIA, TX (FHA|USDA|VA) 1 $195,000 $195,000 $11,863 6.88%
    Alma, MI (FHA|USDA|VA) 1 $195,000 $195,000 $7,776 6.88%
    Winfield, KS (FHA|USDA|VA) 2 $190,000 $95,000 $4,906 6.69%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $190,000 $95,000 $4,589 5.75%
    Corsicana, TX (FHA|USDA|VA) 1 $185,000 $185,000 $11,319 5.25%
    SPRINGFIELD, IL (FHA|USDA|VA) 2 $180,000 $90,000 $7,576 5.63%
    Lufkin, TX (FHA|USDA|VA) 1 $175,000 $175,000 $11,112 4.63%
    ABILENE, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,300 5.63%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $155,000 $155,000 $2,570 4.75%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $155,000 $155,000 $4,694 3.63%
    Lincoln, IL (FHA|USDA|VA) 1 $145,000 $145,000 $5,705 5.88%
    Adrian, MI (FHA|USDA|VA) 1 $145,000 $145,000 $7,192 4.75%
    Mount Vernon, OH (FHA|USDA|VA) 1 $145,000 $145,000 $5,009 6.50%
    Ashtabula, OH (FHA|USDA|VA) 1 $145,000 $145,000 $4,486 3.25%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 5.50%
    Pontiac, IL (FHA|USDA|VA) 1 $135,000 $135,000 $3,746 6.13%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.75%
    Scottsbluff, NE (FHA|USDA|VA) 1 $135,000 $135,000 $5,537 4.25%
    Branson, MO (FHA|USDA|VA) 1 $135,000 $135,000 $5,819 6.75%
    Mount Vernon, IL (FHA|USDA|VA) 1 $135,000 $135,000 $7,449 6.13%
    Freeport, IL (FHA|USDA|VA) 2 $120,000 $60,000 $1,475 2.94%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.63%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $115,000 $115,000 $5,257 6.38%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.63%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $105,000 $105,000 $6,120 5.63%
    Deming, NM (FHA|USDA|VA) 1 $105,000 $105,000 $6,834 4.75%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.38%
    LAWRENCE, KS (FHA|USDA|VA) 1 $95,000 $95,000 $3,889 4.88%
    SPRINGFIELD, OH (FHA|USDA|VA) 1 $95,000 $95,000 $5,657 3.25%
    DECATUR, AL (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.63%
    Alexander City, AL (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.25%
    AKRON, OH (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.75%
    Warsaw, IN (FHA|USDA|VA) 1 $75,000 $75,000 $2,804 4.50%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.88%
    Norwalk, OH (FHA|USDA|VA) 1 $65,000 $65,000 $3,947 4.25%
    New Castle, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.38%
    AMARILLO, TX (FHA|USDA|VA) 1 $45,000 $45,000 $3,943 4.38%
    Sault Ste. Marie, MI (FHA|USDA|VA) 1 $45,000 $45,000 $3,243 5.50%
    Neighborhood Loans's top markets include Chicago, Grand Rapids, Phoenix, Dallas, and Las Vegas among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)

    • Similar Lenders

    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.

    DADE COUNTY FEDERAL CREDIT UNION
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    Byron Bank
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    First Credit Union
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    Credence Funding Corporation
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    Rock Valley Credit Union
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    MAINSTREET FEDERAL CREDIT UNION
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    SENB Bank
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    Stillman BancCorp N.A.
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    AAC Credit Union
    Similarity Rank: 400
    First Community Credit Union
    Similarity Rank: 460

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,107 $1,277,705,000 $250,187 $5,647 5.18%
    FHA 1,724 $441,110,000 $255,864 $11,132 5.33%
    VA 280 $96,640,000 $345,143 $10,615 5.07%
    USDA 78 $16,560,000 $212,308 $7,789 4.93%

    For 2022, Neighborhood Loans's most frequently originated type of loan was Conventional, with 5,107 originations. Their 2nd most popular type was FHA, with 1,724 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 6,268 $1,622,270,000 $258,818 $7,547 5.30%
    Cash Out Refi 626 $147,780,000 $236,070 $5,904 4.89%
    Refi 295 $61,965,000 $210,051 $4,589 4.14%

    For 2022, Neighborhood Loans's most frequently cited loan purpose was Home Purchase, with 6,268 originations. The 2nd most popular reason was Cash Out Refi, with 626 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 6,621 $1,773,155,000 $267,808 $7,644 5.33%
    15 Year 165 $38,505,000 $233,364 $4,514 3.88%
    10 Year 160 $3,260,000 $20,375 $440 2.74%
    5 Year 132 $670,000 $5,076 $7 0.00%
    20 Year 54 $11,030,000 $204,259 $4,723 4.46%
    3 Year 31 $305,000 $9,839 $14 0.00%
    Other 26 $5,090,000 $195,769 $6,388 4.10%

    For 2022, Neighborhood Loans's most frequently cited loan duration was 30 Year, with 6,621 originations. The 2nd most popular length was 15 Year, with 165 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,171 $584,845,000 $269,390
    $2k-3k 1,365 $320,415,000 $234,736
    $5k+ 1,099 $386,555,000 $351,733
    $3k-4k 1,083 $274,715,000 $253,661
    $4k-5k 626 $175,890,000 $280,974
    $<1k 348 $20,070,000 $57,672

    Neighborhood Loans's average total fees were $7,644, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,171 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 2,465 $661,095,000 $268,193
    6-7% 1,408 $356,170,000 $252,962
    4-5% 1,379 $389,035,000 $282,114
    3-4% 1,072 $301,160,000 $280,933
    7-8% 375 $93,755,000 $250,013
    <2.5% 169 $4,545,000 $26,893
    2.5-3% 80 $23,650,000 $295,625
    Over 8% 22 $960,000 $43,636

    During 2022, Neighborhood Loans's average interest rate for loans was 5.33%, while their most frequently originated rate bucket for loans was 5-6%, with 2,465 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,706 $1,043,100,000 $281,462 $8,209 5.33%
    $100k-200k 1,943 $306,665,000 $157,831 $5,763 5.34%
    $400k-600k 703 $331,755,000 $471,913 $9,637 5.20%
    $100,000 or less 668 $24,270,000 $36,332 $1,771 3.74%
    $600k-1MM 153 $104,535,000 $683,235 $8,944 5.03%
    $1MM+ 16 $21,690,000 $1,355,625 $14,201 4.44%

    2022 saw Neighborhood Loans place emphasis on $200k-400k loans with 3,706 originations, totaling $1,043,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 2,119 $445,135,000 $210,068 $6,940 5.15%
    $75k-100k 1,547 $388,385,000 $251,057 $7,889 5.25%
    $50k or less 1,311 $213,745,000 $163,040 $6,183 5.05%
    $100k-150k 1,261 $394,035,000 $312,478 $8,095 5.33%
    $150k-250k 684 $262,530,000 $383,816 $7,583 5.37%
    $250k+ 214 $111,000,000 $518,692 $8,802 5.32%

    Neighborhood Loans lent most frequently to those with incomes in the $50k-75k range, with 2,119 originations. The second most popular income band? $75k-100k, with 1,547 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 1,094 $264,730,000 $241,984 $6,337 5.10%
    20-30% 860 $219,180,000 $254,860 $5,856 5.07%
    50-60% 706 $191,720,000 $271,558 $11,343 5.26%
    44% 445 $111,565,000 $250,708 $7,461 5.34%
    49% 386 $109,300,000 $283,161 $7,996 5.49%
    43% 353 $89,185,000 $252,649 $7,090 5.19%
    42% 340 $88,970,000 $261,676 $7,261 5.15%
    41% 326 $79,270,000 $243,160 $6,988 5.30%
    45% 309 $78,515,000 $254,094 $7,335 5.40%
    40% 305 $77,635,000 $254,541 $6,275 5.00%
    48% 277 $72,485,000 $261,679 $7,955 5.42%
    39% 272 $68,680,000 $252,500 $6,844 5.29%
    47% 270 $77,900,000 $288,519 $8,199 5.29%
    38% 258 $63,320,000 $245,426 $6,863 5.40%
    46% 253 $66,635,000 $263,379 $7,704 5.49%
    <20% 229 $55,725,000 $243,341 $5,034 4.81%
    36% 229 $56,495,000 $246,703 $6,625 5.07%
    37% 225 $54,125,000 $240,556 $6,305 5.09%
    >60% 17 $5,655,000 $332,647 $9,402 4.39%

    Neighborhood Loans lent most frequently to those with DTI ratios of 30-36%, with 1,094 originations. The next most common DTI ratio? 20-30%, with 860 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,577 $1,163,655,000 $254,240 $7,169 5.20%
    Not provided 1,966 $499,870,000 $254,257 $7,216 5.26%
    Black 369 $87,545,000 $237,249 $8,562 5.04%
    Asian 184 $59,070,000 $321,033 $7,799 5.14%
    American Indian 42 $8,560,000 $203,810 $8,726 5.33%
    Native Hawaiian or Islander 14 $3,690,000 $263,571 $8,693 4.68%
    Other Asian 11 $2,735,000 $248,636 $9,170 5.64%
    Filipino 6 $2,140,000 $356,667 $12,474 5.17%
    Asian Indian 10 $1,960,000 $196,000 $8,669 6.40%
    Japanese 3 $1,405,000 $468,333 $11,159 6.67%
    Other Pacific Islander 5 $905,000 $181,000 $10,108 6.12%
    Chinese 2 $480,000 $240,000 $0 5.94%

    Approval Rates

    Total approvals of all applications
    81.06%

    Neighborhood Loans has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    84.30%

    Neighborhood Loans has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 7,189 $1,832,015,000 $254,836

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    7,189 $1,832,015,000 $254,836

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 110 $15,740,000 $143,091 $4,265 4.73%
    40-60% 373 $79,185,000 $212,292 $5,139 4.96%
    60-80% 1,508 $399,430,000 $264,874 $6,245 5.25%
    80-100% 4,710 $1,307,360,000 $277,571 $8,084 5.39%
    Over 100% 78 $26,650,000 $341,667 $15,995 4.81%
    Under 20% 410 $3,650,000 $8,902 $95 1.48%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Neighborhood Capital Funding, Inc. Conventional home mortgage Trouble during payment process 1 100.0%