Nest Home Lending Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 5493002OVIWOKVJME308

Tax ID: 81-4360826

5 stars - Updated: 4/5/25 - out of 5 stars, based on 27 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • 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 Home Purchase loans. Nest Home Lending has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Denver, Colorado Springs, Provo, Phoenix, and Greeley among others. We have data for 8 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
    Home Equity Line of Credit (HELOC) 6.72% 4/5/25
    30 Year Conventional Purchase 5.25% 4/5/25
    30 Year Conventional Refi 7.39% 4/5/25
    30 Year Cash-out Refi 6.72% 4/5/25
    30 Year FHA Purchase 6.16% 4/5/25
    30 Year VA Purchase 5.34% 4/5/25
    15 Year Conventional Purchase 6.20% 4/5/25
    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

    735

    Origination Dollar Volume (All Markets)

    $268,635,000
    Show all (16) awards

    Relative Rate

    Nest Home Lending's average 30 year fixed mortgage rate was 5.18%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -1.37%.

    Relative Fees (Closing Costs)

    Nest Home Lending's average total fees/closing costs for a 30 year fixed rate mortgage were $10,754.

    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 $8,356.

    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) 262 $105,760,000 $403,664 $11,444 5.42%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 135 $49,095,000 $363,667 $9,396 5.32%
    PROVO-OREM, UT (FHA|USDA|VA) 157 $43,635,000 $277,930 $10,557 3.99%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 96 $33,160,000 $345,417 $12,357 5.69%
    GREELEY, CO (FHA|USDA|VA) 43 $18,995,000 $441,744 $8,603 5.59%
    SALT LAKE CITY, UT (FHA|USDA|VA) 25 $8,335,000 $333,400 $8,424 6.54%
    FORT COLLINS, CO (FHA|USDA|VA) 12 $5,050,000 $420,833 $11,748 5.33%
    BOULDER, CO (FHA|USDA|VA) 5 $4,605,000 $921,000 $11,310 6.35%
    Nest Home Lending's top markets include Denver, Colorado Springs, Provo, Phoenix, and Greeley among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Arizona (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.

    First Credit Union
    Similarity Rank: 180
    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 222
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 264
    GRANITE FEDERAL CREDIT UNION
    Similarity Rank: 360
    Bankers Trust Company
    Similarity Rank: 380
    AIR ACADEMY
    Similarity Rank: 406
    UNIVERSAL LENDING CORPORATION
    Similarity Rank: 504
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 532
    CREDIT UNION WEST
    Similarity Rank: 648
    OneAZ Credit Union
    Similarity Rank: 732

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 360 $116,510,000 $323,639 $6,426 5.11%
    FHA 288 $116,280,000 $403,750 $16,645 5.29%
    VA 87 $35,845,000 $412,011 $7,946 5.15%

    For 2024, Nest Home Lending's most frequently originated type of loan was Conventional, with 360 originations. Their 2nd most popular type was FHA, with 288 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 730 $264,710,000 $362,616 $10,710 5.17%
    Refi 3 $1,715,000 $571,667 $13,292 7.25%
    Other 1 $1,865,000 $1,865,000 $9,431 6.88%
    Cash Out Refi 1 $345,000 $345,000 $16,146 6.50%

    For 2024, Nest Home Lending's most frequently cited loan purpose was Home Purchase, with 730 originations. The 2nd most popular reason was Refi, with 3 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 732 $268,270,000 $366,489 $10,754 5.18%
    15 Year 2 $250,000 $125,000 $3,171 6.31%
    10 Year 1 $115,000 $115,000 $6,419 5.75%

    For 2024, Nest Home Lending's most frequently cited loan duration was 30 Year, with 732 originations. The 2nd most popular length was 15 Year, with 2 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 308 $129,590,000 $420,747
    $1k-2k 177 $71,335,000 $403,023
    $<1k 158 $36,080,000 $228,354
    $4k-5k 37 $12,375,000 $334,459
    $3k-4k 21 $7,625,000 $363,095
    $2k-3k 20 $7,530,000 $376,500

    Nest Home Lending's average total fees were $10,754, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 308 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 280 $112,430,000 $401,536
    4-5% 205 $82,535,000 $402,610
    6-7% 136 $53,850,000 $395,956
    <2.5% 64 $1,440,000 $22,500
    7-8% 44 $16,200,000 $368,182
    3-4% 5 $1,835,000 $367,000
    Over 8% 1 $345,000 $345,000

    During 2024, Nest Home Lending's average interest rate for loans was 5.18%, while their most frequently originated rate bucket for loans was 5-6%, with 280 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 333 $113,635,000 $341,246 $10,055 5.74%
    $400k-600k 295 $134,975,000 $457,542 $14,037 5.55%
    $100,000 or less 69 $1,685,000 $24,420 $78 0.51%
    $100k-200k 18 $2,720,000 $151,111 $3,668 5.75%
    $600k-1MM 17 $11,545,000 $679,118 $13,938 6.02%
    $1MM+ 3 $4,075,000 $1,358,333 $5,734 7.13%

    2024 saw Nest Home Lending place emphasis on $200k-400k loans with 333 originations, totaling $113,635,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 296 $110,520,000 $373,378 $11,519 5.17%
    $75k-100k 200 $65,310,000 $326,550 $10,905 4.74%
    $150k-250k 112 $48,200,000 $430,357 $10,081 5.82%
    $50k-75k 87 $25,855,000 $297,184 $8,747 5.11%
    $250k+ 34 $17,860,000 $525,294 $10,980 6.11%
    $50k or less 5 $865,000 $173,000 $6,903 5.40%

    Nest Home Lending lent most frequently to those with incomes in the $100k-150k range, with 296 originations. The second most popular income band? $75k-100k, with 200 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 129 $48,655,000 $377,171 $14,301 4.81%
    <20% 96 $39,710,000 $413,646 $11,192 5.58%
    30-36% 76 $26,540,000 $349,211 $9,395 5.42%
    20-30% 54 $18,650,000 $345,370 $7,662 5.55%
    49% 54 $18,810,000 $348,333 $9,912 5.32%
    48% 32 $11,160,000 $348,750 $9,959 5.01%
    45% 32 $11,550,000 $360,938 $11,969 5.32%
    46% 31 $9,775,000 $315,323 $9,518 4.49%
    44% 30 $11,370,000 $379,000 $11,668 4.61%
    40% 29 $9,865,000 $340,172 $7,333 5.26%
    47% 28 $10,330,000 $368,929 $9,690 4.98%
    43% 27 $10,575,000 $391,667 $11,705 5.32%
    41% 27 $9,845,000 $364,630 $9,528 5.48%
    39% 22 $7,750,000 $352,273 $10,910 5.08%
    37% 20 $7,000,000 $350,000 $7,008 5.42%
    42% 19 $6,445,000 $339,211 $10,897 4.90%
    36% 13 $4,405,000 $338,846 $11,057 5.28%
    38% 11 $4,615,000 $419,545 $11,785 5.60%
    >60% 3 $1,175,000 $391,667 $3,408 5.04%

    Nest Home Lending lent most frequently to those with DTI ratios of 50-60%, with 129 originations. The next most common DTI ratio? <20%, with 96 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 483 $176,045,000 $364,482 $10,311 5.21%
    Not provided 100 $37,770,000 $377,700 $11,237 5.30%
    Black 52 $19,050,000 $366,346 $11,747 4.95%
    Asian 41 $15,825,000 $385,976 $12,163 5.55%
    American Indian 32 $10,970,000 $342,813 $12,243 4.92%
    Other Asian 11 $3,165,000 $287,727 $9,433 4.33%
    Asian Indian 6 $2,240,000 $373,333 $12,914 5.12%
    Native Hawaiian or Islander 2 $910,000 $455,000 $17,365 4.93%
    Vietnamese 2 $840,000 $420,000 $5,400 5.49%
    Korean 1 $535,000 $535,000 $20,566 4.99%
    Japanese 1 $455,000 $455,000 $17,634 6.25%
    Filipino 1 $435,000 $435,000 $11,215 4.99%
    Other Pacific Islander 2 $370,000 $185,000 $4,126 3.31%
    Samoan 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.56%

    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
    79.32%

    Nest Home Lending has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 735 $268,635,000 $365,490

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    735 $268,635,000 $365,490

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $3,000,000 $166,667 $4,229 5.79%
    40-60% 30 $8,890,000 $296,333 $5,913 5.99%
    60-80% 101 $38,175,000 $377,970 $7,295 6.09%
    80-100% 486 $203,820,000 $419,383 $13,091 5.60%
    Over 100% 29 $12,835,000 $442,586 $14,745 5.02%
    Under 20% 71 $1,915,000 $26,972 $118 0.65%