Nbt Bank Mortgage Rates, Fees & Info
Norwich, NYLEI: 5493009BOQDC6PCFR785
Tax ID: 15-0395735
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Mortgage Data
Review & Overview
Nbt Bank is a smaller bank specializing in Home Purchase and Refi loans. Nbt Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Albany, Syracuse, Burlington, Scranton, and East Stroudsburg among others. We have data for 46 markets. (Some data included below & more in-depth data is available with an active subscription.)Nbt Bank 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. Nbt Bank 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 3.53% | 4/5/25 |
| 30 Year Conventional Purchase | 6.59% | 4/5/25 |
| 30 Year Conventional Refi | 6.90% | 4/5/25 |
| 30 Year Cash-out Refi | 6.83% | 4/5/25 |
| 30 Year FHA Purchase | 7.15% | 4/5/25 |
| 15 Year Conventional Purchase | 6.47% | 4/5/25 |
| 15 Year Conventional Refi | 6.43% | 4/5/25 |
| 15 Year Cash-out Refi | 6.43% | 4/5/25 |
| 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. | ||
Nbt Bank Mortgage Calculator
Your Estimates
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This is not an official calculator from Nbt Bank. 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
1,884Origination Dollar Volume (All Markets)
$582,340,000Awards
NBT Bank - 2024
NBT Bank is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Nbt Bank's average 30 year fixed mortgage rate was
6.29%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.26%.
Relative Fees (Closing Costs)
Nbt Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,363.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 | 374 | $112,120,000 | $299,786 | $4,652 | 5.42% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 124 | $98,330,000 | $792,984 | $5,759 | 5.61% |
| SYRACUSE, NY (FHA|USDA|VA) | 311 | $50,955,000 | $163,842 | $4,105 | 5.16% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 35 | $33,615,000 | $960,429 | $4,427 | 5.34% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 171 | $27,435,000 | $160,439 | $4,709 | 5.34% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 21 | $24,365,000 | $1,160,238 | $5,109 | 5.62% |
| UTICA-ROME, NY (FHA|USDA|VA) | 145 | $22,765,000 | $157,000 | $4,414 | 5.28% |
| GLENS FALLS, NY (FHA|USDA|VA) | 45 | $20,915,000 | $464,778 | $4,882 | 5.74% |
| PITTSFIELD, MA (FHA|USDA|VA) | 41 | $17,755,000 | $433,049 | $4,281 | 5.22% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 32 | $14,760,000 | $461,250 | $4,681 | 5.71% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 27 | $13,925,000 | $515,741 | $4,748 | 5.87% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 9 | $13,585,000 | $1,509,444 | $4,708 | 6.01% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 8 | $13,250,000 | $1,656,250 | $3,034 | 6.02% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $11,505,000 | $11,505,000 | $0 | 6.81% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 26 | $10,510,000 | $404,231 | $4,651 | 5.92% |
| BINGHAMTON, NY (FHA|USDA|VA) | 78 | $9,980,000 | $127,949 | $3,523 | 5.57% |
| KINGSTON, NY (FHA|USDA|VA) | 10 | $9,750,000 | $975,000 | $7,165 | 5.70% |
| Oneonta, NY (FHA|USDA|VA) | 70 | $9,340,000 | $133,429 | $3,814 | 5.15% |
| Gloversville, NY (FHA|USDA|VA) | 61 | $9,185,000 | $150,574 | $4,741 | 5.42% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 46 | $8,030,000 | $174,565 | $3,911 | 5.20% |
| Amsterdam, NY (FHA|USDA|VA) | 53 | $6,595,000 | $124,434 | $3,379 | 5.49% |
| Cortland, NY (FHA|USDA|VA) | 57 | $6,525,000 | $114,474 | $3,690 | 5.27% |
| Plattsburgh, NY (FHA|USDA|VA) | 23 | $5,545,000 | $241,087 | $3,210 | 5.28% |
| Hudson, NY (FHA|USDA|VA) | 9 | $5,345,000 | $593,889 | $6,119 | 4.99% |
| Keene, NH (FHA|USDA|VA) | 8 | $4,480,000 | $560,000 | $3,833 | 5.25% |
| Lebanon, NH-VT (FHA|USDA|VA) | 8 | $4,200,000 | $525,000 | $4,037 | 6.65% |
| Ogdensburg-Massena, NY (FHA|USDA|VA) | 29 | $3,095,000 | $106,724 | $3,437 | 5.38% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 4 | $2,780,000 | $695,000 | $5,165 | 5.64% |
| Malone, NY (FHA|USDA|VA) | 16 | $2,320,000 | $145,000 | $4,575 | 6.40% |
| Laconia, NH (FHA|USDA|VA) | 2 | $2,210,000 | $1,105,000 | $5,893 | 5.75% |
| Concord, NH (FHA|USDA|VA) | 7 | $1,345,000 | $192,143 | $3,475 | 5.84% |
| ITHACA, NY (FHA|USDA|VA) | 6 | $1,170,000 | $195,000 | $6,900 | 5.02% |
| Auburn, NY (FHA|USDA|VA) | 8 | $1,130,000 | $141,250 | $3,936 | 4.94% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 3.99% |
| Rutland, VT (FHA|USDA|VA) | 5 | $685,000 | $137,000 | $0 | 5.19% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,133 | 6.75% |
| Bennington, VT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 6.75% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,701 | 6.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,721 | 5.75% |
| Sayre, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,937 | 6.13% |
| Barre, VT (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 5.35% |
| ROCHESTER, NY (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 3.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,620 | 6.63% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,007 | 6.13% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,653 | 6.25% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against NBT Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 12
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 977 | $111,305,000 | $113,925 | n/a | 4.46% |
| Conventional | 897 | $468,995,000 | $522,848 | $4,385 | 6.40% |
| FHA | 10 | $2,040,000 | $204,000 | $7,468 | 6.33% |
For 2024, Nbt Bank's most frequently originated type of loan was HELOC, with 977 originations. Their 2nd most popular type was Conventional, with 897 originations.
Loan Reason
For 2024, Nbt Bank's most frequently cited loan purpose was Home Purchase, with 772 originations. The 2nd most popular reason was Refi, with 418 originations.
Loan Duration/Length
For 2024, Nbt Bank's most frequently cited loan duration was Other, with 1,065 originations. The 2nd most popular length was 30 Year, with 503 originations.
Origination Fees/Closing Costs
Nbt Bank's average total fees were $4,363, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 328 originations.
Interest Rates
During 2024, Nbt Bank's average interest rate for loans was 6.29%, while their most frequently originated rate bucket for loans was 6-7%, with 554 originations.
Loan Sizing
2024 saw Nbt Bank place emphasis on $100,000 or less loans with 687 originations, totaling $38,505,000 in origination value.
Applicant Income
Nbt Bank lent most frequently to those with incomes in the $100k-150k range, with 374 originations. The second most popular income band? $50k-75k, with 337 originations.
Applicant Debt to Income Ratio
Nbt Bank lent most frequently to those with DTI ratios of 20-30%, with 346 originations. The next most common DTI ratio? 30-36%, with 329 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.01%
Nbt Bank has a below average approval rate.
Pick Rate
Approvals leading to origination83.01%
Nbt Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,884 | $582,340,000 | $309,098 |