Hanscom Mortgage Rates, Fees & Info
Bedford, MALEI: 5493003B2LEGQHDWRN55
Tax ID: 04-2175534
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Mortgage Data
Review & Overview
Hanscom is a smaller mortgage company specializing in Home Improvement, Cash Out Refi, and Home Purchase loans. Hanscom has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Worcester, Washington, Providence, and Manchester among others. We have data for 72 markets. (Some data included below & more in-depth data is available with an active subscription.)Hanscom has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Hanscom is typically a low 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 relatively high 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.96% | 12/23/24 |
| 30 Year Conventional Purchase | 6.24% | 12/23/24 |
| 30 Year Conventional Refi | 6.11% | 12/23/24 |
| 30 Year Cash-out Refi | 6.38% | 12/23/24 |
| 30 Year VA Purchase | 6.07% | 12/23/24 |
| 15 Year Conventional Purchase | 5.69% | 12/23/24 |
| 15 Year Conventional Refi | 5.69% | 12/23/24 |
| 15 Year Cash-out Refi | 5.69% | 12/23/24 |
| 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. | ||
Hanscom Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,445Origination Dollar Volume (All Markets)
$210,705,000Awards
HANSCOM - 2018
HANSCOM is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1,025 | $150,665,000 | $146,990 | $2,677 | 5.36% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 103 | $12,535,000 | $121,699 | $2,452 | 5.58% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 57 | $8,985,000 | $157,632 | $3,348 | 5.26% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 36 | $5,470,000 | $151,944 | $4,624 | 5.85% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 32 | $3,670,000 | $114,688 | $2,786 | 5.32% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 32 | $3,660,000 | $114,375 | $2,315 | 5.13% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 9 | $2,805,000 | $311,667 | $0 | 4.36% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $1,695,000 | $242,143 | $3,741 | 5.70% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 5 | $1,515,000 | $303,000 | $0 | 4.50% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 9 | $1,455,000 | $161,667 | $2,514 | 4.92% |
| Lebanon, NH-VT (FHA|USDA|VA) | 7 | $1,215,000 | $173,571 | $2,504 | 4.66% |
| Outside of Metro Areas | 13 | $1,215,000 | $93,462 | $4,452 | 5.31% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $0 | 5.06% |
| Vineyard Haven, MA (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $3,636 | 4.71% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 6 | $860,000 | $143,333 | $0 | 4.67% |
| Laconia, NH (FHA|USDA|VA) | 6 | $850,000 | $141,667 | $2,577 | 5.23% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $3,620 | 4.56% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 6 | $610,000 | $101,667 | $2,170 | 5.88% |
| Concord, NH (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $2,594 | 5.58% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $3,783 | 4.22% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $6,561 | 5.25% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 5 | $475,000 | $95,000 | $3,691 | 4.33% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,772 | 4.38% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,314 | 4.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 5.58% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $2,822 | 3.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $2,616 | 4.22% |
| PITTSFIELD, MA (FHA|USDA|VA) | 4 | $370,000 | $92,500 | $2,287 | 5.38% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $11,404 | 4.38% |
| Clarksburg, WV (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,968 | 4.63% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 6.25% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,299 | 3.75% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,255 | 3.81% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,820 | 5.00% |
| Edwards, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.50% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,875 | 3.38% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 4.75% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,265 | 4.63% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,919 | 4.25% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 4.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 4.50% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 5.50% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,871 | 4.75% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,887 | 4.38% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,965 | 4.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.88% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 4.88% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,467 | 4.63% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.25% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 6.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.50% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.75% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 7.00% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,622 | 4.13% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.75% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 6.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.50% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.50% |
| New Castle, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.75% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.75% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.25% |
| Torrington, CT (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.25% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.50% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.25% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.75% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.50% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.50% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 4.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against HANSCOM 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 1,191 | $143,195,000 | $120,231 | n/a | 5.53% |
| Conventional | 241 | $63,725,000 | $264,419 | $2,712 | 4.42% |
| VA | 13 | $3,785,000 | $291,154 | $5,620 | 4.44% |
For 2018, Hanscom's most frequently originated type of loan was HELOC, with 1,191 originations. Their 2nd most popular type was Conventional, with 241 originations.
Loan Reason
For 2018, Hanscom's most frequently cited loan purpose was Home Improvement, with 566 originations. The 2nd most popular reason was Cash Out Refi, with 391 originations.
Loan Duration/Length
For 2018, Hanscom's most frequently cited loan duration was 30 Year, with 1,342 originations. The 2nd most popular length was 15 Year, with 71 originations.
Origination Fees/Closing Costs
Hanscom's average total fees were $3,090, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 225 originations.
Interest Rates
During 2018, Hanscom's average interest rate for loans was 5.42%, while their most frequently originated rate bucket for loans was 4-5%, with 600 originations.
Loan Sizing
2018 saw Hanscom place emphasis on $100,000 or less loans with 640 originations, totaling $35,910,000 in origination value.
Applicant Income
Hanscom lent most frequently to those with incomes in the $150k-250k range, with 464 originations. The second most popular income band? $100k-150k, with 391 originations.
Applicant Debt to Income Ratio
Hanscom lent most frequently to those with DTI ratios of 20-30%, with 308 originations. The next most common DTI ratio? 30-36%, with 230 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.67%
Hanscom has an average approval rate.
Pick Rate
Approvals leading to origination84.43%
Hanscom has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,445 | $210,705,000 | $145,817 |