Bank Of New Hampshire Mortgage Rates, Fees & Info
Laconia, NHLEI: 254900PJVECT3YD6KY88
Tax ID: 02-0155840
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Mortgage Data
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.51% | 4/21/24 |
| 30 Year Conventional Refi | 6.89% | 4/21/24 |
| 30 Year Cash-out Refi | 6.78% | 4/21/24 |
| 30 Year VA Purchase | 6.07% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 30 Year USDA Purchase | 6.63% | 4/21/24 |
| 15 Year Conventional Purchase | 8.27% | 4/21/24 |
| 15 Year Conventional Refi | 6.73% | 4/21/24 |
| 15 Year Cash-out Refi | 6.73% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
508Origination Dollar Volume (All Markets)
$167,740,000Awards
Bank of New Hampshire - 2022
Bank of New Hampshire is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
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.
Similarity Rank: 30
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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
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
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
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
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
2022 saw Bank Of New Hampshire place emphasis on $200k-400k loans with 193 originations, totaling $55,385,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications86.62%
Bank Of New Hampshire has an average approval rate.
Pick Rate
Approvals leading to origination69.09%
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 |
LTV Distribution
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% |