Bank Of New Hampshire Mortgage Rates, Fees & Info
Laconia, NHLEI: 254900PJVECT3YD6KY88
Tax ID: 02-0155840
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of New Hampshire is a smaller bank specializing in Home Purchase and Refi loans. Bank Of New Hampshire has a high proportion of conventional loans. Their top markets by origination volume include: Laconia, Boston, Fayetteville, New Bern, and Lebanon among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of New Hampshire has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Purchase | 6.00% | 4/5/25 |
| 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. | ||
Bank Of New Hampshire Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
14Origination Dollar Volume (All Markets)
$31,530,000Top 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 |
|---|---|---|---|---|---|
| Laconia, NH (FHA|USDA|VA) | 3 | $15,365,000 | $5,121,667 | $0 | 7.17% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $7,425,000 | $2,475,000 | $0 | 7.18% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $3,865,000 | $3,865,000 | $0 | 7.50% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $1,805,000 | $1,805,000 | $0 | 7.25% |
| Lebanon, NH-VT (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $0 | 7.33% |
| Sanford, NC (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $0 | 7.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 7.25% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 9.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Bank of New Hampshire 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 14 | $31,530,000 | $2,252,143 | $0 | 7.36% |
For 2024, Bank Of New Hampshire's most frequently originated type of loan was Conventional, with 14 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 9 | $22,525,000 | $2,502,778 | $0 | 7.42% |
| Refi | 5 | $9,005,000 | $1,801,000 | $0 | 7.26% |
For 2024, Bank Of New Hampshire's most frequently cited loan purpose was Home Purchase, with 9 originations. The 2nd most popular reason was Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 8 | $14,940,000 | $1,867,500 | $0 | 7.19% |
| 20 Year | 4 | $2,740,000 | $685,000 | $0 | 7.82% |
| 10 Year | 2 | $13,850,000 | $6,925,000 | $0 | 7.13% |
For 2024, Bank Of New Hampshire's most frequently cited loan duration was Other, with 8 originations. The 2nd most popular length was 20 Year, with 4 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 9 | $15,885,000 | $1,765,000 |
| 6-7% | 4 | $15,370,000 | $3,842,500 |
| Over 8% | 1 | $275,000 | $275,000 |
During 2024, Bank Of New Hampshire's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 9 originations.
Loan Sizing
2024 saw Bank Of New Hampshire place emphasis on $1MM+ loans with 6 originations, totaling $27,020,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 1 | $275,000 | $275,000 | $0 | 9.00% |
Bank Of New Hampshire lent most frequently to those with incomes in the $250k+ range, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 13 | $31,255,000 | $2,404,231 | $0 | 7.23% |
| White | 1 | $275,000 | $275,000 | $0 | 9.00% |
Approval Rates
Total approvals of all applications91.30%
Bank Of New Hampshire has an average approval rate.
Pick Rate
Approvals leading to origination50.00%
Bank Of New Hampshire has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 14 | $31,530,000 | $2,252,143 |