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. They have a low ratio of USDA loans. Their top markets by origination volume include: Denver, Colorado Springs, Greeley, Fort Collins, and Provo among others. We have data for 15 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.58% | 4/22/24 |
| 30 Year Conventional Refi | 6.52% | 4/22/24 |
| 30 Year Cash-out Refi | 6.66% | 4/22/24 |
| 30 Year FHA Purchase | 7.35% | 4/22/24 |
| 30 Year FHA Refi | 6.27% | 4/22/24 |
| 30 Year VA Purchase | 6.06% | 4/22/24 |
| 15 Year Conventional Purchase | 5.97% | 4/22/24 |
| 15 Year Conventional Refi | 5.68% | 4/22/24 |
| 15 Year Cash-out Refi | 5.68% | 4/22/24 |
| 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
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This is not an official calculator from Nest Home Lending. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,288Origination Dollar Volume (All Markets)
$444,460,000Top 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) | 697 | $242,055,000 | $347,281 | $6,419 | 4.33% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 253 | $83,565,000 | $330,296 | $5,526 | 4.24% |
| GREELEY, CO (FHA|USDA|VA) | 132 | $50,880,000 | $385,455 | $4,745 | 4.20% |
| FORT COLLINS, CO (FHA|USDA|VA) | 70 | $23,160,000 | $330,857 | $6,558 | 4.05% |
| PROVO-OREM, UT (FHA|USDA|VA) | 48 | $16,530,000 | $344,375 | $5,932 | 4.14% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 45 | $13,345,000 | $296,556 | $5,435 | 4.14% |
| BOULDER, CO (FHA|USDA|VA) | 21 | $7,965,000 | $379,286 | $3,854 | 4.04% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 11 | $3,415,000 | $310,455 | $6,030 | 3.94% |
| Heber, UT (FHA|USDA|VA) | 3 | $1,455,000 | $485,000 | $5,531 | 4.21% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $4,575 | 3.88% |
| Montrose, CO (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,777 | 4.19% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,928 | 4.75% |
| Rock Springs, WY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $10,670 | 3.38% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,992 | 4.38% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,272 | 4.00% |
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.
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Product Mix
For 2019, Nest Home Lending's most frequently originated type of loan was Conventional, with 834 originations. Their 2nd most popular type was FHA, with 233 originations.
Loan Reason
For 2019, Nest Home Lending's most frequently cited loan purpose was Home Purchase, with 1,103 originations. The 2nd most popular reason was Refi, with 138 originations.
Loan Duration/Length
For 2019, Nest Home Lending's most frequently cited loan duration was 30 Year, with 1,229 originations. The 2nd most popular length was 15 Year, with 39 originations.
Origination Fees/Closing Costs
Nest Home Lending's average total fees were $6,078, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 682 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 678 | $232,900,000 | $343,510 |
| 3-4% | 518 | $183,870,000 | $354,961 |
| 5-6% | 82 | $24,580,000 | $299,756 |
| 2.5-3% | 7 | $2,125,000 | $303,571 |
| 6-7% | 3 | $985,000 | $328,333 |
During 2019, Nest Home Lending's average interest rate for loans was 4.28%, while their most frequently originated rate bucket for loans was 4-5%, with 678 originations.
Loan Sizing
2019 saw Nest Home Lending place emphasis on $200k-400k loans with 873 originations, totaling $278,565,000 in origination value.
Applicant Income
Nest Home Lending lent most frequently to those with incomes in the $100k-150k range, with 344 originations. The second most popular income band? $75k-100k, with 344 originations.
Applicant Debt to Income Ratio
Nest Home Lending lent most frequently to those with DTI ratios of 30-36%, with 193 originations. The next most common DTI ratio? 20-30%, with 177 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.81%
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 origination77.64%
Nest Home Lending has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,288 | $444,460,000 | $345,078 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $255,000 | $255,000 |
| Single Family (1-4 Units):Site-Built | 1,287 | $444,205,000 | $345,148 |