Bank Of New Hampshire Mortgage Rates, Fees & Info

Laconia, NH

LEI: 254900PJVECT3YD6KY88

Tax ID: 02-0155840

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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

    Bank Of New Hampshire is a smaller bank specializing in Home Purchase loans. Bank Of New Hampshire has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Boston, Laconia, Concord, Manchester, and Lebanon among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bank Of New Hampshire 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. Bank Of New Hampshire is typically a low 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 6.51% 11/23/24
    30 Year Conventional Refi 6.89% 11/23/24
    30 Year Cash-out Refi 6.78% 11/23/24
    30 Year VA Purchase 6.07% 11/23/24
    30 Year VA Refi 6.27% 11/23/24
    30 Year USDA Purchase 6.63% 11/23/24
    15 Year Conventional Purchase 8.27% 11/23/24
    15 Year Conventional Refi 6.73% 11/23/24
    15 Year Cash-out Refi 6.73% 11/23/24
    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.

    Bank Of New Hampshire Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Bank Of New Hampshire. 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

    508

    Origination Dollar Volume (All Markets)

    $167,740,000
    Show all (6) awards

    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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 117 $35,755,000 $305,598 $4,083 5.58%
    Outside of Metro Areas 94 $32,410,000 $344,787 $3,470 4.83%
    Laconia, NH (FHA|USDA|VA) 88 $27,590,000 $313,523 $3,416 4.92%
    Concord, NH (FHA|USDA|VA) 53 $21,915,000 $413,491 $3,406 5.35%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 33 $15,525,000 $470,455 $3,755 5.20%
    Lebanon, NH-VT (FHA|USDA|VA) 69 $15,075,000 $218,478 $2,992 5.17%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 10 $6,910,000 $691,000 $3,080 4.85%
    Berlin, NH (FHA|USDA|VA) 29 $6,695,000 $230,862 $3,360 5.12%
    Keene, NH (FHA|USDA|VA) 6 $1,610,000 $268,333 $3,272 5.21%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $1,295,000 $1,295,000 $0 5.05%
    GREENVILLE, NC (FHA|USDA|VA) 1 $885,000 $885,000 $0 4.60%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $690,000 $345,000 $4,428 4.44%
    WORCESTER, MA-CT (FHA|USDA|VA) 2 $580,000 $290,000 $3,429 4.94%
    Rutland, VT (FHA|USDA|VA) 1 $465,000 $465,000 $0 5.88%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $205,000 $205,000 $4,038 5.50%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.40%
    Bank Of New Hampshire's top markets include Boston, Laconia, Concord, Manchester, and Lebanon among others.

    Their top states include:
  • New Hampshire (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Vermont (FHA|USDA|VA)

    • 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.

    Triangle Credit Union
    Similarity Rank: 30
    QUINCY CREDIT UNION
    Similarity Rank: 50
    Northfield Savings Bank
    Similarity Rank: 55
    Direct Federal Credit Union
    Similarity Rank: 115
    Sharon & Crescent United Credit Union
    Similarity Rank: 168
    Middlesex Savings Bank
    Similarity Rank: 195
    Piscataqua Savings Bank
    Similarity Rank: 200
    ALIGN CREDIT UNION
    Similarity Rank: 200
    North Easton Savings Bank
    Similarity Rank: 348
    St. Anne's Credit Union of Fall River, Mass.
    Similarity Rank: 357

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 503 $166,875,000 $331,759 $3,523 5.18%
    USDA 4 $680,000 $170,000 $4,904 3.72%
    VA 1 $185,000 $185,000 $2,625 4.50%

    For 2022, Bank Of New Hampshire's most frequently originated type of loan was Conventional, with 503 originations. Their 2nd most popular type was USDA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 352 $118,340,000 $336,193 $3,802 5.28%
    Cash Out Refi 92 $20,800,000 $226,087 $3,005 5.09%
    Refi 38 $22,440,000 $590,526 $3,157 4.26%
    Home Improvement 17 $5,145,000 $302,647 $2,626 5.49%
    Other 9 $1,015,000 $112,778 $2,027 4.88%

    For 2022, Bank Of New Hampshire's most frequently cited loan purpose was Home Purchase, with 352 originations. The 2nd most popular reason was Cash Out Refi, with 92 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 334 $104,500,000 $312,874 $3,556 4.87%
    Other 62 $19,120,000 $308,387 $3,083 6.74%
    20 Year 44 $21,610,000 $491,136 $1,662 4.94%
    15 Year 33 $5,865,000 $177,727 $3,197 6.10%
    10 Year 19 $8,345,000 $439,211 $818 4.54%
    30+ year 16 $8,300,000 $518,750 $8,209 4.76%

    For 2022, Bank Of New Hampshire's most frequently cited loan duration was 30 Year, with 334 originations. The 2nd most popular length was Other, with 62 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 344 $101,120,000 $293,953
    $1k-2k 32 $8,450,000 $264,063
    $5k+ 6 $2,160,000 $360,000
    $2k-3k 4 $1,000,000 $250,000
    $4k-5k 4 $2,120,000 $530,000
    $3k-4k 3 $425,000 $141,667

    Bank Of New Hampshire's average total fees were $3,556, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 344 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 141 $46,405,000 $329,113
    3-4% 130 $56,500,000 $434,615
    4-5% 119 $39,085,000 $328,445
    6-7% 60 $17,560,000 $292,667
    7-8% 27 $3,595,000 $133,148
    Over 8% 24 $2,540,000 $105,833
    2.5-3% 6 $1,780,000 $296,667
    <2.5% 1 $275,000 $275,000

    During 2022, Bank Of New Hampshire's average interest rate for loans was 4.87%, while their most frequently originated rate bucket for loans was 5-6%, with 141 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 193 $55,385,000 $286,969 $3,511 4.88%
    $100k-200k 137 $20,455,000 $149,307 $3,153 5.44%
    $400k-600k 78 $37,840,000 $485,128 $4,356 4.59%
    $100,000 or less 62 $4,240,000 $68,387 $2,105 6.53%
    $600k-1MM 22 $15,510,000 $705,000 $5,490 4.60%
    $1MM+ 16 $34,310,000 $2,144,375 $6,822 4.62%

    2022 saw Bank Of New Hampshire place emphasis on $200k-400k loans with 193 originations, totaling $55,385,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 99 $17,085,000 $172,576 $3,277 5.50%
    $100k-150k 86 $24,390,000 $283,605 $3,843 5.31%
    $150k-250k 84 $26,870,000 $319,881 $3,840 5.00%
    $250k+ 80 $39,890,000 $498,625 $3,751 4.95%
    $75k-100k 60 $13,600,000 $226,667 $3,445 5.09%
    $50k or less 47 $5,265,000 $112,021 $2,700 5.56%

    Bank Of New Hampshire lent most frequently to those with incomes in the $50k-75k range, with 99 originations. The second most popular income band? $100k-150k, with 86 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 102 $29,090,000 $285,196 $3,259 5.09%
    30-36% 93 $25,855,000 $278,011 $3,761 5.20%
    42% 44 $10,780,000 $245,000 $3,171 5.65%
    41% 36 $11,410,000 $316,944 $3,716 5.13%
    <20% 34 $9,540,000 $280,588 $3,334 4.86%
    40% 25 $7,215,000 $288,600 $4,014 5.23%
    39% 23 $7,135,000 $310,217 $3,758 5.18%
    36% 20 $4,400,000 $220,000 $3,943 5.65%
    37% 18 $4,640,000 $257,778 $2,952 5.43%
    38% 17 $4,375,000 $257,353 $3,763 5.20%
    43% 16 $5,020,000 $313,750 $3,992 5.81%
    44% 9 $2,065,000 $229,444 $2,843 5.72%
    45% 6 $1,400,000 $233,333 $4,056 4.08%
    47% 3 $1,805,000 $601,667 $4,040 4.79%
    48% 2 $390,000 $195,000 $3,468 5.88%
    49% 2 $610,000 $305,000 $3,972 5.63%
    50-60% 2 $400,000 $200,000 $1,918 4.69%
    46% 1 $385,000 $385,000 $4,591 3.13%

    Bank Of New Hampshire lent most frequently to those with DTI ratios of 20-30%, with 102 originations. The next most common DTI ratio? 30-36%, with 93 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 376 $102,650,000 $273,005 $3,560 5.19%
    Not applicable 50 $40,250,000 $805,000 $0 4.57%
    Not provided 66 $19,610,000 $297,121 $3,434 5.35%
    Asian 10 $3,530,000 $353,000 $3,421 5.26%
    Black 3 $1,075,000 $358,333 $3,590 5.88%
    American Indian 3 $625,000 $208,333 $2,787 6.63%

    Approval Rates

    Total approvals of all applications
    86.62%

    Bank Of New Hampshire has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.09%

    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
    750.0 15 $1,565,000 $104,333
    950.0 14 $1,410,000 $100,714
    NA 479 $164,765,000 $343,977

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    508 $167,740,000 $330,197

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 37 $6,815,000 $184,189 $3,686 5.10%
    40-60% 83 $21,435,000 $258,253 $3,379 5.40%
    60-80% 201 $77,815,000 $387,139 $3,458 5.14%
    80-100% 162 $59,060,000 $364,568 $3,939 5.03%
    Over 100% 3 $945,000 $315,000 $4,325 5.66%
    Under 20% 20 $1,270,000 $63,500 $910 5.64%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    BANK OF NEW YORK MELLON CORPORATION, THE Reverse mortgage Struggling to pay mortgage 1 100.0%