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

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

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Mortgage Data

  • SimulatedRates™
  • Review & 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 by origination volume include: Chicago, Grand Rapids, Phoenix, Las Vegas, and Yuma among others. We have data for 165 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 an 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 about average 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 7.12% 12/4/22
    30 Year Conventional Refi 6.90% 12/4/22
    30 Year Cash-out Refi 7.18% 12/4/22
    30 Year FHA Purchase 8.03% 12/4/22
    30 Year FHA Refi 7.53% 12/4/22
    30 Year VA Purchase 6.85% 12/4/22
    30 Year VA Refi 6.42% 12/4/22
    30 Year USDA Purchase 7.25% 12/4/22
    30 Year USDA Refi 7.24% 12/4/22
    15 Year Conventional Purchase 6.20% 12/4/22
    15 Year Conventional Refi 6.13% 12/4/22
    15 Year Cash-out Refi 6.13% 12/4/22
    15 Year FHA Refi 7.24% 12/4/22
    15 Year VA Refi 6.50% 12/4/22
    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.


    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 mortgage rate was 3.25%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.1%.

    Relative Fees (Closing Costs)

    Neighborhood Loans's average total fees/closing costs for a 30 year fixed rate mortgage were $5,484.

    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) 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.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Neighborhood Loans's most frequently originated type of loan was Conventional, with 7,999 originations. Their 2nd most popular type was FHA, with 2,140 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Neighborhood Loans's most frequently cited loan purpose was Home Purchase, with 7,192 originations. The 2nd most popular reason was 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 2021, Neighborhood Loans's most frequently cited loan duration was 30 Year, with 9,128 originations. The 2nd most popular length was 15 Year, with 800 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 7,234 $1,788,130,000 $247,184
    $2k-3k 1,107 $265,655,000 $239,977
    $<1k 633 $54,425,000 $85,979
    $3k-4k 619 $158,925,000 $256,745
    $4k-5k 276 $81,530,000 $295,399
    $5k+ 229 $81,985,000 $358,013

    Neighborhood Loans's average total fees were $5,484, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.25%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    82.95%

    Neighborhood Loans has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    90.70%

    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%