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, Refi, and Cash Out Refi loans. Hanscom has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Washington, Worcester, Providence, and Barnstable Town among others. We have data for 106 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 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.96% | 4/28/24 |
| 30 Year Conventional Purchase | 6.24% | 4/28/24 |
| 30 Year Conventional Refi | 6.11% | 4/28/24 |
| 30 Year Cash-out Refi | 6.38% | 4/28/24 |
| 30 Year VA Purchase | 6.07% | 4/28/24 |
| 15 Year Conventional Purchase | 5.69% | 4/28/24 |
| 15 Year Conventional Refi | 5.69% | 4/28/24 |
| 15 Year Cash-out Refi | 5.69% | 4/28/24 |
| 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
2,788Origination Dollar Volume (All Markets)
$661,050,000Top 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 |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1,886 | $469,810,000 | $249,104 | $4,367 | 3.63% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 180 | $37,240,000 | $206,889 | $4,488 | 3.67% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 181 | $36,865,000 | $203,674 | $3,732 | 3.61% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 94 | $16,590,000 | $176,489 | $4,117 | 4.03% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 50 | $16,300,000 | $326,000 | $3,522 | 3.57% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 74 | $14,190,000 | $191,757 | $3,430 | 3.61% |
| Outside of Metro Areas | 27 | $6,005,000 | $222,407 | $4,399 | 3.04% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 10 | $4,300,000 | $430,000 | $0 | 3.49% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 20 | $3,960,000 | $198,000 | $3,536 | 3.62% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 14 | $3,210,000 | $229,286 | $5,911 | 3.52% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 18 | $2,610,000 | $145,000 | $4,605 | 3.33% |
| Lebanon, NH-VT (FHA|USDA|VA) | 11 | $2,345,000 | $213,182 | $2,307 | 3.13% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 6 | $2,180,000 | $363,333 | $0 | 3.49% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 8 | $2,130,000 | $266,250 | $6,101 | 3.11% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 7 | $1,865,000 | $266,429 | $3,866 | 3.54% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 12 | $1,830,000 | $152,500 | $3,320 | 3.95% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $1,790,000 | $223,750 | $6,436 | 3.23% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 11 | $1,725,000 | $156,818 | $4,194 | 3.52% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 5 | $1,725,000 | $345,000 | $4,369 | 3.25% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $1,560,000 | $780,000 | $4,860 | 3.19% |
| Vineyard Haven, MA (FHA|USDA|VA) | 3 | $1,345,000 | $448,333 | $9,231 | 3.08% |
| Laconia, NH (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $2,906 | 3.28% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $1,195,000 | $170,714 | $3,680 | 3.42% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $1,170,000 | $195,000 | $4,799 | 3.79% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 6 | $1,130,000 | $188,333 | $4,983 | 3.12% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $5,265 | 3.04% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $3,521 | 3.06% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $9,477 | 3.12% |
| Concord, NH (FHA|USDA|VA) | 7 | $905,000 | $129,286 | $2,606 | 3.80% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $5,831 | 3.13% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $4,491 | 3.37% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $4,307 | 3.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $4,594 | 3.31% |
| PITTSFIELD, MA (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $5,859 | 3.12% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $2,642 | 3.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $4,426 | 3.31% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $0 | 3.75% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $575,000 | $82,143 | $3,339 | 4.59% |
| Keene, NH (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $6,012 | 4.16% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $6,780 | 3.37% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $4,622 | 3.13% |
| Brevard, NC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 3.49% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 3.49% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,618 | 2.50% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,155 | 3.13% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 3.45% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,375 | 2.88% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 3.49% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,014 | 2.88% |
| LAWRENCE, KS (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $5,014 | 1.94% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,645 | 2.75% |
| AKRON, OH (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 4.25% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 4.25% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,857 | 2.50% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,218 | 3.13% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,936 | 3.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $2,729 | 2.79% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 3.49% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 4.75% |
| MADISON, WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 3.49% |
| LYNCHBURG, VA (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $3,180 | 4.04% |
| Clarksburg, WV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,139 | 2.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $5,301 | 3.12% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $5,508 | 3.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.75% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,429 | 3.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 3.49% |
| Brookings, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,382 | 2.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,437 | 2.75% |
| Berlin, NH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,149 | 2.75% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 3.49% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.49% |
| Torrington, CT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,150 | 2.25% |
| Glasgow, KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,335 | 3.25% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,975 | 3.13% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,063 | 3.25% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 4.12% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,696 | 2.63% |
| New Castle, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,703 | 2.88% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.49% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.49% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.49% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 4.12% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 3.49% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,157 | 2.25% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,410 | 2.63% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $2,129 | 2.93% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.49% |
| Rutland, VT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.49% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,477 | 2.38% |
| Russellville, AR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.75% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.49% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.75% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.49% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 3.75% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 5.25% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.75% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 3.49% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 3.49% |
| Scottsburg, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.75% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.75% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.75% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.49% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.49% |
Their top states include:
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Product Mix
For 2021, Hanscom's most frequently originated type of loan was HELOC, with 1,761 originations. Their 2nd most popular type was Conventional, with 997 originations.
Loan Reason
For 2021, Hanscom's most frequently cited loan purpose was Home Improvement, with 1,139 originations. The 2nd most popular reason was Refi, with 723 originations.
Loan Duration/Length
For 2021, Hanscom's most frequently cited loan duration was 30 Year, with 2,247 originations. The 2nd most popular length was 15 Year, with 313 originations.
Origination Fees/Closing Costs
Hanscom's average total fees were $4,875, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 543 originations.
Interest Rates
During 2021, Hanscom's average interest rate for loans was 3.85%, while their most frequently originated rate bucket for loans was 3-4%, with 1,407 originations.
Loan Sizing
2021 saw Hanscom place emphasis on $100k-200k loans with 837 originations, totaling $117,615,000 in origination value.
Applicant Income
Hanscom lent most frequently to those with incomes in the $150k-250k range, with 931 originations. The second most popular income band? $100k-150k, with 734 originations.
Applicant Debt to Income Ratio
Hanscom lent most frequently to those with DTI ratios of 20-30%, with 643 originations. The next most common DTI ratio? 30-36%, with 445 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.59%
Hanscom has an average approval rate.
Pick Rate
Approvals leading to origination81.21%
Hanscom has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,788 | $661,050,000 | $237,105 |