The National Bank Of Middlebury Mortgage Rates, Fees & Info

Middlebury, VT

LEI: 5493004R22HRZXTXSR64

Tax ID: 03-0143997

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Mortgage Data

Review & Overview

The National Bank Of Middlebury is a smaller bank specializing in Home Purchase loans. The National Bank Of Middlebury has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Burlington, Lebanon, Barre, Rutland, and Manchester among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

The National Bank Of Middlebury 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.

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Originations

154

Origination Dollar Volume (All Markets)

$46,920,000

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
Outside of Metro Areas 99 $23,555,000 $237,929 $0 0.00%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 13 $9,035,000 $695,000 $0 0.00%
Lebanon, NH-VT (FHA|USDA|VA) 19 $8,265,000 $435,000 $0 0.00%
Barre, VT (FHA|USDA|VA) 8 $2,600,000 $325,000 $0 0.00%
Rutland, VT (FHA|USDA|VA) 13 $2,585,000 $198,846 $0 0.00%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
Laconia, NH (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
The National Bank Of Middlebury's top markets include Burlington, Lebanon, Barre, Rutland, and Manchester among others.

Their top states include:
  • Vermont (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 153 $46,695,000 $305,196 $0 0.00%
    USDA 1 $225,000 $225,000 $0 0.00%

    For 2023, The National Bank Of Middlebury's most frequently originated type of loan was Conventional, with 153 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 100 $38,140,000 $381,400 $0 0.00%
    Refi 23 $4,925,000 $214,130 $0 0.00%
    Home Improvement 16 $1,060,000 $66,250 $0 0.00%
    Other 12 $2,350,000 $195,833 $0 0.00%
    Cash Out Refi 3 $445,000 $148,333 $0 0.00%

    For 2023, The National Bank Of Middlebury's most frequently cited loan purpose was Home Purchase, with 100 originations. The 2nd most popular reason was Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 154 $46,920,000 $304,675 $0 0.00%

    For 2023, The National Bank Of Middlebury's most frequently cited loan duration was Other, with 154 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 53 $15,735,000 $296,887 $0 0.00%
    $100k-200k 40 $5,800,000 $145,000 $0 0.00%
    $100,000 or less 29 $1,515,000 $52,241 $0 0.00%
    $400k-600k 19 $8,685,000 $457,105 $0 0.00%
    $600k-1MM 8 $6,480,000 $810,000 $0 0.00%
    $1MM+ 5 $8,705,000 $1,741,000 $0 0.00%

    2023 saw The National Bank Of Middlebury place emphasis on $200k-400k loans with 53 originations, totaling $15,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 45 $8,205,000 $182,333 $0 0.00%
    $150k-250k 29 $12,555,000 $432,931 $0 0.00%
    $250k+ 28 $15,070,000 $538,214 $0 0.00%
    $50k-75k 16 $2,120,000 $132,500 $0 0.00%
    $75k-100k 14 $3,230,000 $230,714 $0 0.00%
    $50k or less 8 $710,000 $88,750 $0 0.00%

    The National Bank Of Middlebury lent most frequently to those with incomes in the $100k-150k range, with 45 originations. The second most popular income band? $150k-250k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 154 $46,920,000 $304,675 $0 0.00%

    The National Bank Of Middlebury lent most frequently to those with DTI ratios of Exempt%, with 154 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 124 $33,810,000 $272,661 $0 0.00%
    Not provided 15 $6,775,000 $451,667 $0 0.00%
    Not applicable 12 $4,750,000 $395,833 $0 0.00%
    Asian 2 $1,280,000 $640,000 $0 0.00%
    American Indian 1 $305,000 $305,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.17%

    The National Bank Of Middlebury has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.57%

    The National Bank Of Middlebury has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 154 $46,920,000 $304,675

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    154 $46,920,000 $304,675