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 Refi and Cash Out Refi loans. Hanscom has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Worcester, Washington, Providence, and Barnstable Town among others. We have data for 85 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 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 |
|---|---|---|
| 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. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,322Origination Dollar Volume (All Markets)
$572,100,000Awards
HANSCOM - 2020
HANSCOM is a 2020 , due to their low .
For 2020, 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) | 1,590 | $422,960,000 | $266,013 | $3,687 | 3.78% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 161 | $34,265,000 | $212,826 | $3,120 | 3.78% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 108 | $21,730,000 | $201,204 | $5,381 | 3.97% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 77 | $14,835,000 | $192,662 | $3,082 | 3.86% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 53 | $13,485,000 | $254,434 | $3,477 | 3.77% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 63 | $12,095,000 | $191,984 | $3,473 | 3.86% |
| Outside of Metro Areas | 25 | $4,545,000 | $181,800 | $3,853 | 3.73% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 18 | $3,780,000 | $210,000 | $3,608 | 3.55% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 22 | $3,640,000 | $165,455 | $3,213 | 4.04% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 12 | $2,560,000 | $213,333 | $5,783 | 3.81% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 5 | $2,125,000 | $425,000 | $4,825 | 3.10% |
| Lebanon, NH-VT (FHA|USDA|VA) | 9 | $2,025,000 | $225,000 | $3,425 | 3.73% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 9 | $1,935,000 | $215,000 | $5,738 | 3.69% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 6 | $1,740,000 | $290,000 | $3,150 | 3.17% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 5 | $1,575,000 | $315,000 | $0 | 3.34% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $1,460,000 | $243,333 | $5,306 | 3.83% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 7 | $1,445,000 | $206,429 | $3,705 | 2.96% |
| Vineyard Haven, MA (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $3,278 | 3.28% |
| PITTSFIELD, MA (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $2,679 | 2.81% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 7 | $1,205,000 | $172,143 | $2,498 | 4.03% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $4,863 | 3.75% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $5,638 | 3.12% |
| Laconia, NH (FHA|USDA|VA) | 8 | $1,000,000 | $125,000 | $2,607 | 3.70% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $0 | 3.81% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $0 | 3.40% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $2,883 | 4.06% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $845,000 | $169,000 | $5,348 | 3.27% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $2,770 | 3.79% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $2,679 | 3.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $5,839 | 3.31% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $3,549 | 3.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $620,000 | $103,333 | $2,361 | 4.06% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $2,765 | 3.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $0 | 3.62% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,056 | 3.13% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $4,346 | 3.71% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $8,101 | 3.88% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $4,611 | 4.81% |
| Concord, NH (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $2,876 | 3.71% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 3.49% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $4,479 | 3.50% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $0 | 3.06% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $4,299 | 4.08% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,949 | 3.19% |
| Keene, NH (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $2,591 | 4.54% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,484 | 3.38% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,366 | 3.19% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 3.83% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 3.87% |
| Torrington, CT (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,962 | 3.18% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,709 | 3.69% |
| OCALA, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 3.49% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 4.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $5,892 | 3.94% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,718 | 3.63% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $2,194 | 3.31% |
| Georgetown, SC (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,321 | 3.56% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,897 | 3.63% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,219 | 3.75% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.49% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.75% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.75% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 3.62% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.49% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,810 | 3.13% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,329 | 3.00% |
| Kinston, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 2.75% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.49% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 3.62% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,529 | 3.13% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.49% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 2.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,833 | 2.50% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.49% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.75% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.25% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.00% |
| Bennington, VT (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,565 | 2.63% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,285 | 3.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.75% |
| Barre, VT (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.75% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.75% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.49% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 3.49% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 1,338 | $168,760,000 | $126,129 | n/a | 4.25% |
| Conventional | 966 | $396,810,000 | $410,776 | $3,628 | 3.13% |
| VA | 18 | $6,530,000 | $362,778 | $6,208 | 3.58% |
For 2020, Hanscom's most frequently originated type of loan was HELOC, with 1,338 originations. Their 2nd most popular type was Conventional, with 966 originations.
Loan Reason
For 2020, Hanscom's most frequently cited loan purpose was Refi, with 745 originations. The 2nd most popular reason was Home Improvement, with 698 originations.
Loan Duration/Length
For 2020, Hanscom's most frequently cited loan duration was 30 Year, with 1,918 originations. The 2nd most popular length was 15 Year, with 269 originations.
Origination Fees/Closing Costs
Hanscom's average total fees were $3,770, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 635 originations.
Interest Rates
During 2020, Hanscom's average interest rate for loans was 3.90%, while their most frequently originated rate bucket for loans was 3-4%, with 1,091 originations.
Loan Sizing
2020 saw Hanscom place emphasis on $100,000 or less loans with 678 originations, totaling $39,240,000 in origination value.
Applicant Income
Hanscom lent most frequently to those with incomes in the $150k-250k range, with 790 originations. The second most popular income band? $100k-150k, with 617 originations.
Applicant Debt to Income Ratio
Hanscom lent most frequently to those with DTI ratios of 20-30%, with 522 originations. The next most common DTI ratio? 30-36%, with 383 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.66%
Hanscom has an average approval rate.
Pick Rate
Approvals leading to origination75.15%
Hanscom has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $305,000 | $305,000 |
| NA | 2,321 | $571,795,000 | $246,357 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 17 | $18,355,000 | $1,079,706 |
| Single Family (1-4 Units):Site-Built | 2,305 | $553,745,000 | $240,236 |