Nest Home Lending Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 5493002OVIWOKVJME308
Tax ID: 81-4360826
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Mortgage 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
1,576Origination Dollar Volume (All Markets)
$601,560,000Awards
NEST HOME LENDING - 2021
NEST HOME LENDING is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications99.00%
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 origination79.16%
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% |
