Hanscom Mortgage Rates, Fees & Info
Bedford, MALEI: 5493003B2LEGQHDWRN55
Tax ID: 04-2175534
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Hanscom is a smaller mortgage company specializing in Home Improvement, Refi, and Home Purchase loans. Hanscom has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Washington, Worcester, Providence, and Manchester among others. We have data for 108 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.
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) | 6.96% | 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
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Hanscom. 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
2,497Origination Dollar Volume (All Markets)
$515,515,000Awards
HANSCOM - 2022
HANSCOM is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
Work for HANSCOM?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 1,613 | $341,555,000 | $211,751 | $4,243 | 5.14% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 148 | $30,160,000 | $203,784 | $5,902 | 4.82% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 156 | $29,030,000 | $186,090 | $4,679 | 5.12% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 97 | $21,085,000 | $217,371 | $5,412 | 5.28% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 80 | $11,850,000 | $148,125 | $4,732 | 5.32% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 59 | $10,775,000 | $182,627 | $4,015 | 4.91% |
| Outside of Metro Areas | 21 | $4,525,000 | $215,476 | $4,142 | 4.49% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 21 | $4,225,000 | $201,190 | $3,325 | 4.88% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 19 | $3,905,000 | $205,526 | $3,537 | 4.29% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 18 | $3,670,000 | $203,889 | $4,026 | 5.22% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 15 | $3,275,000 | $218,333 | $7,703 | 5.77% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 8 | $2,570,000 | $321,250 | $0 | 4.47% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 19 | $2,365,000 | $124,474 | $0 | 5.47% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 12 | $2,240,000 | $186,667 | $3,777 | 4.79% |
| Concord, NH (FHA|USDA|VA) | 6 | $1,680,000 | $280,000 | $6,061 | 4.29% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 5 | $1,595,000 | $319,000 | $2,340 | 3.72% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 9 | $1,515,000 | $168,333 | $5,663 | 4.74% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 8 | $1,410,000 | $176,250 | $0 | 5.28% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $1,395,000 | $279,000 | $2,621 | 3.75% |
| Laconia, NH (FHA|USDA|VA) | 9 | $1,375,000 | $152,778 | $1,940 | 4.58% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $5,214 | 4.88% |
| Berlin, NH (FHA|USDA|VA) | 4 | $1,150,000 | $287,500 | $3,040 | 5.59% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $1,120,000 | $186,667 | $7,351 | 4.94% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 6 | $1,120,000 | $186,667 | $0 | 4.71% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $1,085,000 | $217,000 | $4,742 | 3.60% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $3,336 | 4.83% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 6 | $1,040,000 | $173,333 | $0 | 4.33% |
| Lebanon, NH-VT (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $4,280 | 6.81% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $2,923 | 3.63% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $4,059 | 4.46% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $6,109 | 4.28% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $3,015 | 3.66% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $4,665 | 4.13% |
| Torrington, CT (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $3,825 | 4.66% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $4,050 | 4.66% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $4,370 | 5.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $4,503 | 4.13% |
| OCALA, FL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $4,561 | 4.75% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $0 | 4.37% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $4,470 | 5.13% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 3.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $3,891 | 4.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $8,194 | 4.81% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $7,827 | 4.72% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 8.13% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 5.75% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $9,707 | 5.00% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $4,771 | 5.38% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 5.25% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $3,545 | 3.63% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $9,086 | 5.50% |
| Keene, NH (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $7,238 | 4.19% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 6.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 3.49% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $0 | 5.50% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $6,745 | 4.38% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,709 | 3.63% |
| Crossville, TN (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $6,655 | 3.81% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,922 | 4.13% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,592 | 3.25% |
| Vineyard Haven, MA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 4.62% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,588 | 4.88% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 3.50% |
| PITTSFIELD, MA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $2,632 | 4.56% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,038 | 4.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $1,595 | 4.13% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,030 | 3.56% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $4,100 | 4.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 3.88% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 3.50% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,265 | 5.50% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 5.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,836 | 3.63% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 3.49% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,296 | 4.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,935 | 3.13% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 3.50% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.25% |
| Kinston, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.25% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.00% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.13% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.49% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 4.88% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,359 | 5.50% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.25% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.00% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.49% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,720 | 4.88% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 3.49% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 5.44% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 4.25% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,909 | 3.50% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,931 | 4.63% |
| Glasgow, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.25% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 4.87% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,898 | 2.50% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.50% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.25% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.50% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.50% |
| Meadville, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.50% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.25% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 3.50% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.50% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.75% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.49% |
Their top states include:
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.
Similarity Rank: 8
Similarity Rank: 15
Similarity Rank: 21
Similarity Rank: 30
Similarity Rank: 42
Similarity Rank: 50
Similarity Rank: 72
Similarity Rank: 115
Similarity Rank: 129
Similarity Rank: 144
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 2,059 | $332,525,000 | $161,498 | n/a | 5.32% |
| Conventional | 425 | $178,025,000 | $418,882 | $4,375 | 3.89% |
| VA | 13 | $4,965,000 | $381,923 | $5,748 | 4.60% |
For 2022, Hanscom's most frequently originated type of loan was HELOC, with 2,059 originations. Their 2nd most popular type was Conventional, with 425 originations.
Loan Reason
For 2022, Hanscom's most frequently cited loan purpose was Home Improvement, with 1,253 originations. The 2nd most popular reason was Refi, with 464 originations.
Loan Duration/Length
For 2022, Hanscom's most frequently cited loan duration was 30 Year, with 2,309 originations. The 2nd most popular length was 15 Year, with 121 originations.
Origination Fees/Closing Costs
Hanscom's average total fees were $4,625, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 215 originations.
Interest Rates
During 2022, Hanscom's average interest rate for loans was 5.17%, while their most frequently originated rate bucket for loans was 3-4%, with 770 originations.
Loan Sizing
2022 saw Hanscom place emphasis on $100k-200k loans with 815 originations, totaling $111,665,000 in origination value.
Applicant Income
Hanscom lent most frequently to those with incomes in the $150k-250k range, with 874 originations. The second most popular income band? $100k-150k, with 660 originations.
Applicant Debt to Income Ratio
Hanscom lent most frequently to those with DTI ratios of 20-30%, with 409 originations. The next most common DTI ratio? 50-60%, with 406 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.10%
Hanscom has an average approval rate.
Pick Rate
Approvals leading to origination75.93%
Hanscom has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,497 | $515,515,000 | $206,454 |