Nest Home Lending Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 5493002OVIWOKVJME308

Tax ID: 81-4360826

1 stars - Updated: 2/25/24 - out of 5 stars, based on 35 reviews

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

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Mortgage Data

Review & Overview

Nest Home Lending is a smaller mortgage company specializing in Home Purchase loans. Nest Home Lending has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Denver, Provo, Colorado Springs, Greeley, and Fort Collins among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

Nest Home Lending 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. Nest Home Lending is typically a high 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 6.58% 2/25/24
30 Year Conventional Refi 6.52% 2/25/24
30 Year Cash-out Refi 6.66% 2/25/24
30 Year FHA Purchase 7.35% 2/25/24
30 Year FHA Refi 6.27% 2/25/24
30 Year VA Purchase 6.06% 2/25/24
15 Year Conventional Purchase 5.97% 2/25/24
15 Year Conventional Refi 5.68% 2/25/24
15 Year Cash-out Refi 5.68% 2/25/24
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.

Nest Home Lending Mortgage Calculator






Your Estimates

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

This is not an official calculator from Nest Home Lending. 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

1,250

Origination Dollar Volume (All Markets)

$552,920,000

Awards

NEST HOME LENDING 30 Year Conventional Loans bronze
Show all (1) awards

Relative Rate

Nest Home Lending's average 30 year fixed mortgage rate was 4.97%.

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

This yields a difference of 0.21%.

Relative Fees (Closing Costs)

Nest Home Lending's average total fees/closing costs for a 30 year fixed rate mortgage were $10,212.

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
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 610 $286,250,000 $469,262 $11,251 4.99%
PROVO-OREM, UT (FHA|USDA|VA) 188 $84,550,000 $449,734 $9,502 4.83%
COLORADO SPRINGS, CO (FHA|USDA|VA) 212 $78,620,000 $370,849 $7,855 4.92%
GREELEY, CO (FHA|USDA|VA) 82 $37,350,000 $455,488 $9,987 5.12%
FORT COLLINS, CO (FHA|USDA|VA) 82 $35,480,000 $432,683 $11,093 4.81%
SALT LAKE CITY, UT (FHA|USDA|VA) 25 $9,995,000 $399,800 $8,063 4.62%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 26 $9,080,000 $349,231 $9,831 5.19%
BOULDER, CO (FHA|USDA|VA) 9 $4,675,000 $519,444 $6,056 4.86%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 9 $3,625,000 $402,778 $7,912 4.56%
Outside of Metro Areas 3 $1,315,000 $438,333 $4,309 4.91%
ST. GEORGE, UT (FHA|USDA|VA) 1 $645,000 $645,000 $3,481 5.50%
LOGAN, UT-ID (FHA|USDA|VA) 1 $595,000 $595,000 $12,111 5.99%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $375,000 $375,000 $16,022 7.13%
Laramie, WY (FHA|USDA|VA) 1 $365,000 $365,000 $5,680 5.00%
Nest Home Lending's top markets include Denver, Provo, Colorado Springs, Greeley, and Fort Collins among others.

Their top states include:
  • Colorado (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against NEST HOME LENDING based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    HORIZON UTAH Federal Credit Union
    Similarity Rank: 350
    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 384
    TRANSWEST CREDIT UNION
    Similarity Rank: 580
    The District Federal Credit Union
    Similarity Rank: 588
    U S WIDE FINANCIAL LLC
    Similarity Rank: 768
    Jordan Federal Credit Union
    Similarity Rank: 784
    DENVER COMMUNITY
    Similarity Rank: 1078
    AVENTA Credit Union
    Similarity Rank: 1085
    FOOTHILLS
    Similarity Rank: 1116
    INFINITY MORTGAGE HOLDINGS, LLC
    Similarity Rank: 1178

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 859 $365,775,000 $425,815 $8,602 5.00%
    FHA 242 $110,450,000 $456,405 $15,631 4.94%
    VA 149 $76,695,000 $514,732 $9,911 4.68%

    For 2022, Nest Home Lending's most frequently originated type of loan was Conventional, with 859 originations. Their 2nd most popular type was FHA, with 242 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,228 $543,750,000 $442,793 $10,204 4.97%
    Cash Out Refi 14 $5,820,000 $415,714 $7,859 4.18%
    Refi 7 $2,605,000 $372,143 $3,957 3.41%
    Other 1 $745,000 $745,000 $3,546 3.75%

    For 2022, Nest Home Lending's most frequently cited loan purpose was Home Purchase, with 1,228 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,224 $546,680,000 $446,634 $10,212 4.97%
    15 Year 19 $5,005,000 $263,421 $7,250 4.05%
    20 Year 4 $1,160,000 $290,000 $7,167 4.47%
    3 Year 3 $75,000 $25,000 $0 0.00%

    For 2022, Nest Home Lending's most frequently cited loan duration was 30 Year, with 1,224 originations. The 2nd most popular length was 15 Year, with 19 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 590 $273,650,000 $463,814
    $1k-2k 272 $118,360,000 $435,147
    $4k-5k 111 $42,295,000 $381,036
    $<1k 98 $45,380,000 $463,061
    $3k-4k 86 $36,240,000 $421,395
    $2k-3k 78 $32,040,000 $410,769

    Nest Home Lending's average total fees were $10,212, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 590 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 429 $193,015,000 $449,918
    4-5% 344 $153,020,000 $444,826
    3-4% 283 $120,215,000 $424,788
    6-7% 147 $67,955,000 $462,279
    7-8% 22 $10,000,000 $454,545
    2.5-3% 18 $7,100,000 $394,444
    <2.5% 7 $1,615,000 $230,714

    During 2022, Nest Home Lending's average interest rate for loans was 4.97%, while their most frequently originated rate bucket for loans was 5-6%, with 429 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 693 $337,915,000 $487,612 $11,084 5.04%
    $200k-400k 399 $134,815,000 $337,882 $8,402 4.82%
    $600k-1MM 107 $71,035,000 $663,879 $13,014 5.11%
    $100k-200k 42 $6,330,000 $150,714 $4,636 4.52%
    $100,000 or less 7 $295,000 $42,143 $1,631 3.57%
    $1MM+ 2 $2,530,000 $1,265,000 $6,622 4.38%

    2022 saw Nest Home Lending place emphasis on $400k-600k loans with 693 originations, totaling $337,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 504 $235,360,000 $466,984 $10,387 5.00%
    $75k-100k 273 $109,905,000 $402,582 $10,393 4.80%
    $150k-250k 238 $119,760,000 $503,193 $10,792 5.23%
    $50k-75k 164 $55,020,000 $335,488 $8,268 4.54%
    $250k+ 57 $30,215,000 $530,088 $10,496 5.16%
    $50k or less 14 $2,660,000 $190,000 $5,853 4.76%

    Nest Home Lending lent most frequently to those with incomes in the $100k-150k range, with 504 originations. The second most popular income band? $75k-100k, with 273 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 156 $67,990,000 $435,833 $9,161 4.83%
    50-60% 155 $73,275,000 $472,742 $12,988 5.00%
    20-30% 117 $43,555,000 $372,265 $8,051 4.72%
    49% 114 $52,630,000 $461,667 $10,916 5.25%
    48% 78 $34,920,000 $447,692 $11,681 4.96%
    47% 71 $30,555,000 $430,352 $9,748 4.91%
    42% 69 $30,555,000 $442,826 $9,350 5.13%
    44% 69 $32,135,000 $465,725 $10,159 4.99%
    43% 57 $24,385,000 $427,807 $8,688 4.96%
    45% 54 $25,310,000 $468,704 $11,269 5.20%
    39% 53 $24,625,000 $464,623 $10,574 4.96%
    46% 49 $21,015,000 $428,878 $11,182 5.00%
    41% 43 $18,495,000 $430,116 $8,952 4.91%
    40% 36 $17,470,000 $485,278 $9,147 4.67%
    37% 35 $16,835,000 $481,000 $9,212 4.85%
    36% 34 $14,980,000 $440,588 $7,731 4.87%
    38% 32 $13,190,000 $412,188 $9,338 4.78%
    <20% 23 $7,835,000 $340,652 $8,367 4.58%
    >60% 5 $3,165,000 $633,000 $16,260 5.05%

    Nest Home Lending lent most frequently to those with DTI ratios of 30-36%, with 156 originations. The next most common DTI ratio? 50-60%, with 155 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 802 $348,100,000 $434,040 $9,739 4.92%
    Not provided 198 $88,510,000 $447,020 $9,809 4.90%
    Black 112 $54,530,000 $486,875 $12,718 5.00%
    Asian 70 $32,070,000 $458,143 $10,194 5.15%
    American Indian 34 $14,620,000 $430,000 $12,961 5.00%
    Other Asian 10 $4,400,000 $440,000 $9,786 5.51%
    Filipino 6 $2,900,000 $483,333 $8,320 5.00%
    Native Hawaiian or Islander 5 $2,595,000 $519,000 $10,957 5.15%
    Asian Indian 4 $1,620,000 $405,000 $9,457 4.47%
    Other Pacific Islander 4 $1,530,000 $382,500 $12,908 5.44%
    Native Hawaiian 2 $840,000 $420,000 $10,925 5.69%
    Guamanian 1 $485,000 $485,000 $18,079 4.13%
    Vietnamese 1 $365,000 $365,000 $3,318 3.75%
    Chinese 1 $355,000 $355,000 $3,430 4.25%

    Approval Rates

    Total approvals of all applications
    97.37%

    Nest Home Lending has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    66.96%

    Nest Home Lending 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 1,250 $552,920,000 $442,336

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,250 $552,920,000 $442,336

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 42 $7,340,000 $174,762 $5,302 4.66%
    40-60% 80 $25,350,000 $316,875 $7,590 4.83%
    60-80% 223 $98,855,000 $443,296 $9,377 4.94%
    80-100% 843 $394,665,000 $468,167 $10,466 5.00%
    Over 100% 50 $25,660,000 $513,200 $17,519 4.69%
    Under 20% 12 $1,050,000 $87,500 $3,269 4.17%