Nest Home Lending Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 5493002OVIWOKVJME308

Tax ID: 81-4360826

3.7 stars - out of 5 stars, based on 40 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Denver, Colorado Springs, Provo, Fort Collins, and Greeley among others. Nest Home Lending has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Nest Home Lending is typically a high fee lendor.


Originations

1,576

Origination Dollar Volume (All Markets)

$601,560,000

Awards

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

Relative Rate

Nest Home Lending 's average 30 year fixed rate mortgage of loans were 3.1%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.05%.

Relative Fees

Nest Home Lending 's average total fees for a 30 year fixed rate mortgage are $6,162.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 671 $272,405,000 $405,969 $6,560 3.09%
COLORADO SPRINGS, CO (FHA|USDA|VA) 371 $132,935,000 $358,315 $5,363 3.08%
PROVO-OREM, UT (FHA|USDA|VA) 180 $66,000,000 $366,667 $6,456 3.07%
FORT COLLINS, CO (FHA|USDA|VA) 127 $46,785,000 $368,386 $6,192 3.03%
GREELEY, CO (FHA|USDA|VA) 74 $29,330,000 $396,351 $5,148 3.15%
SALT LAKE CITY, UT (FHA|USDA|VA) 64 $20,880,000 $326,250 $5,517 3.02%
BOULDER, CO (FHA|USDA|VA) 52 $20,240,000 $389,231 $4,445 3.02%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 17 $5,645,000 $332,059 $5,760 2.83%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $1,655,000 $331,000 $5,340 3.35%
Heber, UT (FHA|USDA|VA) 3 $1,565,000 $521,667 $5,163 3.00%
ST. GEORGE, UT (FHA|USDA|VA) 4 $1,300,000 $325,000 $6,916 3.53%
Outside of Metro Areas 2 $850,000 $425,000 $4,640 3.19%
Steamboat Springs, CO (FHA|USDA|VA) 2 $630,000 $315,000 $5,238 3.06%
Breckenridge, CO (FHA|USDA|VA) 1 $455,000 $455,000 $3,684 2.88%
Glenwood Springs, CO (FHA|USDA|VA) 1 $355,000 $355,000 $6,008 3.13%
Rock Springs, WY (FHA|USDA|VA) 1 $315,000 $315,000 $4,820 3.38%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $215,000 $215,000 $5,662 4.38%

Nest Home Lending 's top markets include Denver, Colorado Springs, Provo, Fort Collins, and Greeley among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,106 $404,010,000 $365,289 $4,523 3.13%
FHA 252 $99,690,000 $395,595 $11,969 3.08%
VA 218 $97,860,000 $448,899 $6,521 2.83%

For the 2021 period, Nest Home Lending 's most frequently originated loan type of loans were Conventional, with 1,106 originations. Their 2nd most popular type is FHA, with 252 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,311 $501,595,000 $382,605 $6,411 3.08%
Refi 175 $64,635,000 $369,343 $4,121 2.99%
Cash Out Refi 83 $32,455,000 $391,024 $4,318 3.27%
Other 7 $2,875,000 $410,714 $4,676 3.00%

For the 2021, Nest Home Lending 's most frequently cited loan purpose of loans were Home Purchase, with 1,311 originations. The 2nd most popular reason of loans were Refi, with 175 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,490 $576,780,000 $387,101 $6,162 3.10%
15 Year 57 $14,995,000 $263,070 $3,995 2.73%
20 Year 15 $5,475,000 $365,000 $4,585 2.79%
Other 7 $4,005,000 $572,143 $4,526 3.14%
3 Year 5 $95,000 $19,000 $0 0.00%
10 Year 2 $210,000 $105,000 $2,766 2.81%

For the 2021, Nest Home Lending 's most frequently cited loan length of loans were 30 Year, with 1,490 originations. The 2nd most popular length of loans were 15 Year, with 57 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 798 $295,800,000 $370,677
$3k-4k 227 $81,245,000 $357,907
$5k+ 182 $82,880,000 $455,385
$<1k 168 $71,210,000 $423,869
$2k-3k 144 $54,090,000 $375,625

$6,162 of loans were Nest Home Lending 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 798 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 845 $323,985,000 $383,414
2.5-3% 631 $241,335,000 $382,464
<2.5% 86 $31,480,000 $366,047
4-5% 14 $4,760,000 $340,000

During 2021, Nest Home Lending 's average interest rate of loans were 3.10%, while their most frequently originated rate bucket of loans were 3-4%, with 845 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 843 $269,725,000 $319,958 $5,520 3.07%
$400k-600k 581 $274,775,000 $472,935 $6,785 3.11%
$100k-200k 64 $10,380,000 $162,188 $3,776 3.14%
$600k-1MM 55 $39,135,000 $711,545 $9,751 2.97%
$100,000 or less 29 $1,765,000 $60,862 $2,782 2.74%
$1MM+ 4 $5,780,000 $1,445,000 $7,355 3.03%

2021 saw Nest Home Lending place emphasis on $200k-400k loans with 843 originations, totaling $269,725,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 475 $196,575,000 $413,842 $6,099 3.09%
$75k-100k 399 $147,335,000 $369,261 $6,514 3.06%
$50k-75k 341 $106,895,000 $313,475 $6,098 3.05%
$150k-250k 207 $94,515,000 $456,594 $5,518 3.13%
$50k or less 76 $16,260,000 $213,947 $4,690 3.11%
$250k+ 63 $34,065,000 $540,714 $5,856 3.11%

Nest Home Lending lent most frequently to those with incomes in the $100k-150k range, with 475 originations. The second most popular income band? $75k-100k, with 399 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 264 $101,150,000 $383,144 $5,465 3.08%
20-30% 236 $86,550,000 $366,737 $4,794 3.04%
50-60% 120 $49,060,000 $408,833 $9,764 2.98%
49% 87 $33,955,000 $390,287 $7,601 3.13%
41% 76 $30,480,000 $401,053 $6,005 3.13%
44% 75 $29,025,000 $387,000 $6,243 3.10%
48% 68 $27,000,000 $397,059 $6,742 3.11%
39% 65 $25,105,000 $386,231 $5,775 3.13%
<20% 65 $20,645,000 $317,615 $4,135 3.06%
38% 63 $22,625,000 $359,127 $5,913 3.11%
37% 60 $23,390,000 $389,833 $5,493 3.07%
43% 57 $21,555,000 $378,158 $5,525 3.12%
47% 57 $21,435,000 $376,053 $6,431 3.09%
42% 56 $21,500,000 $383,929 $5,426 3.09%
36% 55 $20,285,000 $368,818 $5,061 3.06%
45% 53 $21,205,000 $400,094 $6,833 3.10%
40% 52 $19,800,000 $380,769 $5,771 3.15%
46% 46 $17,940,000 $390,000 $7,045 3.11%
>60% 6 $2,940,000 $490,000 $5,956 2.77%

Nest Home Lending lent most frequently to those with DTI ratios of 30-36%, with 264 originations. The next most common DTI ratio? 20-30%, with 236 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,028 $385,790,000 $375,282 $5,670 3.07%
Not provided 237 $92,295,000 $389,430 $6,055 3.09%
Black 146 $60,260,000 $412,740 $7,591 3.10%
Asian 74 $28,440,000 $384,324 $5,413 3.09%
American Indian 61 $24,685,000 $404,672 $9,237 3.04%
Other Asian 8 $2,290,000 $286,250 $7,635 3.03%
Vietnamese 4 $1,570,000 $392,500 $7,999 3.31%
Korean 4 $1,350,000 $337,500 $5,120 2.91%
Asian Indian 4 $1,180,000 $295,000 $3,215 2.94%
Other Pacific Islander 3 $1,005,000 $335,000 $7,262 2.96%
Filipino 2 $860,000 $430,000 $179 2.75%
Japanese 2 $760,000 $380,000 $4,963 3.19%
Native Hawaiian 2 $670,000 $335,000 $4,991 2.81%
Native Hawiian 1 $405,000 $405,000 $4,243 3.13%

Approval Rates

Total approvals of all applications
99.00%

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
79.16%

Nest Home Lending has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,576 $601,560,000 $381,701

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,576 $601,560,000 $381,701

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 53 $10,025,000 $189,151 $3,686 2.99%
40-60% 139 $44,045,000 $316,871 $4,179 3.03%
60-80% 378 $141,350,000 $373,942 $4,575 3.17%
80-100% 919 $375,005,000 $408,058 $6,490 3.08%
Over 100% 67 $30,125,000 $449,627 $13,741 2.87%
Under 20% 20 $1,010,000 $50,500 $2,519 2.58%