Nest Home Lending Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 5493002OVIWOKVJME308
Tax ID: 81-4360826
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.58% | 6/4/23 |
| 30 Year Conventional Refi | 6.52% | 6/4/23 |
| 30 Year Cash-out Refi | 6.66% | 6/4/23 |
| 30 Year FHA Purchase | 7.35% | 6/4/23 |
| 30 Year FHA Refi | 6.27% | 6/4/23 |
| 30 Year VA Purchase | 6.06% | 6/4/23 |
| 15 Year Conventional Purchase | 5.97% | 6/4/23 |
| 15 Year Conventional Refi | 5.68% | 6/4/23 |
| 15 Year Cash-out Refi | 5.68% | 6/4/23 |
| 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
1,250Origination Dollar Volume (All Markets)
$552,920,000Awards
NEST HOME LENDING - 2022
NEST HOME LENDING is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
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.
Similarity Rank: 350
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Product Mix
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
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
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
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
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
2022 saw Nest Home Lending place emphasis on $400k-600k loans with 693 originations, totaling $337,915,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications97.37%
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 origination66.96%
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 |