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

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Nest Home Lending is a smaller mortgage company specializing in 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, Colorado Springs, Provo, Fort Collins, and Greeley among others. We have data for 17 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 an average 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 6.96% 11/27/22
    30 Year Conventional Refi 6.86% 11/27/22
    30 Year Cash-out Refi 7.05% 11/27/22
    30 Year FHA Purchase 7.78% 11/27/22
    30 Year FHA Refi 7.68% 11/27/22
    30 Year VA Purchase 6.61% 11/27/22
    30 Year VA Refi 6.47% 11/27/22
    30 Year USDA Purchase 6.61% 11/27/22
    15 Year Conventional Purchase 6.57% 11/27/22
    15 Year Conventional Refi 6.30% 11/27/22
    15 Year Cash-out Refi 6.30% 11/27/22
    15 Year VA Purchase 6.38% 11/27/22
    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.


    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 mortgage rate was 3.1%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.05%.

    Relative Fees (Closing Costs)

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

    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) 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.

    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
    The District Federal Credit Union
    Similarity Rank: 882
    AVENTA Credit Union
    Similarity Rank: 930
    Jordan Federal Credit Union
    Similarity Rank: 980
    TRANSWEST CREDIT UNION
    Similarity Rank: 1160
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1344
    Central Bank
    Similarity Rank: 1379
    DENVER COMMUNITY
    Similarity Rank: 1540
    Hercules First Federal Credit Union
    Similarity Rank: 1610

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Nest Home Lending's most frequently originated type of loan was Conventional, with 1,106 originations. Their 2nd most popular type was FHA, with 252 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Nest Home Lending's most frequently cited loan purpose was Home Purchase, with 1,311 originations. The 2nd most popular reason was 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 2021, Nest Home Lending's most frequently cited loan duration was 30 Year, with 1,490 originations. The 2nd most popular length was 15 Year, with 57 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 798 $295,800,000 $370,677
    $5k+ 182 $82,880,000 $455,385
    $<1k 168 $71,210,000 $423,869
    $2k-3k 144 $54,090,000 $375,625
    $4k-5k 116 $41,390,000 $356,810
    $3k-4k 111 $39,855,000 $359,054

    Nest Home Lending's average total fees were $6,162, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.10%, while their most frequently originated rate bucket for loans was 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 or Islander 2 $670,000 $335,000 $4,991 2.81%
    Native Hawaiian 1 $405,000 $405,000 $4,243 3.13%

    Approval Rates

    Total approvals of all applications
    98.95%

    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
    80.77%

    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%