Nbt Bank Mortgage Rates, Fees & Info

Norwich, NY

LEI: 5493009BOQDC6PCFR785

Tax ID: 15-0395735

5 stars - Updated: 2/25/24 - out of 5 stars, based on 48 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Syracuse, Albany, Burlington, Utica, and Scranton among others. We have data for 44 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.

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) 3.40% 2/25/24
30 Year Conventional Purchase 6.18% 2/25/24
30 Year Conventional Refi 6.15% 2/25/24
30 Year Cash-out Refi 6.22% 2/25/24
30 Year FHA Purchase 7.21% 2/25/24
30 Year USDA Purchase 6.59% 2/25/24
15 Year Conventional Purchase 5.71% 2/25/24
15 Year Conventional Refi 5.76% 2/25/24
15 Year Cash-out Refi 5.76% 2/25/24
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.

Nbt Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

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

2,275

Origination Dollar Volume (All Markets)

$621,465,000
Show all (17) awards

Relative Rate

Nbt Bank's average 30 year fixed mortgage rate was 4.42%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.34%.

Relative Fees (Closing Costs)

Nbt Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,081.

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 $4,750.

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
SYRACUSE, NY (FHA|USDA|VA) 361 $85,685,000 $237,355 $3,912 3.45%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 148 $80,050,000 $540,878 $4,907 3.34%
Outside of Metro Areas 345 $63,245,000 $183,319 $4,619 3.31%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 47 $45,515,000 $968,404 $4,745 3.31%
UTICA-ROME, NY (FHA|USDA|VA) 247 $40,465,000 $163,826 $3,938 3.53%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 227 $35,925,000 $158,260 $4,623 3.20%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 7 $34,085,000 $4,869,286 $9,158 3.18%
Concord, NH (FHA|USDA|VA) 5 $26,595,000 $5,319,000 $3,915 3.97%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 17 $24,215,000 $1,424,412 $3,349 3.65%
GLENS FALLS, NY (FHA|USDA|VA) 62 $23,700,000 $382,258 $4,627 3.56%
PITTSFIELD, MA (FHA|USDA|VA) 44 $23,400,000 $531,818 $3,515 3.34%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 22 $15,730,000 $715,000 $4,899 4.31%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 31 $14,405,000 $464,677 $4,442 3.73%
BINGHAMTON, NY (FHA|USDA|VA) 101 $14,035,000 $138,960 $4,011 3.62%
Cortland, NY (FHA|USDA|VA) 105 $13,435,000 $127,952 $3,927 3.21%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 60 $10,790,000 $179,833 $5,697 3.07%
Oneonta, NY (FHA|USDA|VA) 94 $10,720,000 $114,043 $3,781 3.34%
Gloversville, NY (FHA|USDA|VA) 55 $7,625,000 $138,636 $3,597 3.05%
Keene, NH (FHA|USDA|VA) 12 $6,260,000 $521,667 $5,055 3.48%
Ogdensburg-Massena, NY (FHA|USDA|VA) 57 $5,995,000 $105,175 $3,748 3.52%
Amsterdam, NY (FHA|USDA|VA) 47 $5,905,000 $125,638 $4,580 3.45%
Plattsburgh, NY (FHA|USDA|VA) 29 $4,595,000 $158,448 $4,611 3.05%
EAST STROUDSBURG, PA (FHA|USDA|VA) 30 $3,780,000 $126,000 $5,127 3.30%
Malone, NY (FHA|USDA|VA) 33 $3,505,000 $106,212 $4,111 3.60%
Auburn, NY (FHA|USDA|VA) 17 $3,215,000 $189,118 $3,560 3.23%
Bennington, VT (FHA|USDA|VA) 5 $2,885,000 $577,000 $8,421 4.07%
Rutland, VT (FHA|USDA|VA) 9 $1,775,000 $197,222 $4,202 4.33%
Laconia, NH (FHA|USDA|VA) 6 $1,520,000 $253,333 $4,974 5.15%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $1,450,000 $725,000 $6,931 4.00%
ITHACA, NY (FHA|USDA|VA) 8 $1,320,000 $165,000 $3,681 3.04%
ELMIRA, NY (FHA|USDA|VA) 3 $1,175,000 $391,667 $6,240 4.04%
Hudson, NY (FHA|USDA|VA) 3 $1,135,000 $378,333 $9,730 2.24%
ROCHESTER, NY (FHA|USDA|VA) 7 $1,065,000 $152,143 $3,019 3.30%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 7 $1,025,000 $146,429 $4,076 3.05%
Barre, VT (FHA|USDA|VA) 4 $1,000,000 $250,000 $4,858 3.04%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 2 $930,000 $465,000 $0 4.24%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 2 $620,000 $310,000 $8,886 2.37%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $605,000 $201,667 $4,486 4.00%
KINGSTON, NY (FHA|USDA|VA) 2 $470,000 $235,000 $5,732 3.56%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $455,000 $455,000 $4,183 3.50%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $405,000 $135,000 $0 1.99%
Lebanon, NH-VT (FHA|USDA|VA) 3 $315,000 $105,000 $0 3.49%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.60%
Sayre, PA (FHA|USDA|VA) 1 $195,000 $195,000 $4,680 5.13%
Nbt Bank's top markets include Syracuse, Albany, Burlington, Utica, and Scranton among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Vermont (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • 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.

    SECNY Federal Credit Union
    Similarity Rank: 38
    FIRST NEW YORK
    Similarity Rank: 72
    NORTHERN CREDIT UNION
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    CFCU Community Credit Union
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    Elmira Savings Bank
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    Bank of Richmondville
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    THE SUMMIT Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,231 $510,915,000 $415,041 $4,249 4.20%
    HELOC 1,014 $99,860,000 $98,481 n/a 2.37%
    FHA 28 $10,390,000 $371,071 $6,081 4.64%
    USDA 2 $300,000 $150,000 $4,571 4.81%

    For 2022, Nbt Bank's most frequently originated type of loan was Conventional, with 1,231 originations. Their 2nd most popular type was HELOC, with 1,014 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 970 $390,000,000 $402,062 $4,385 4.37%
    Refi 441 $124,545,000 $282,415 $3,277 2.60%
    Other 372 $47,550,000 $127,823 $4,364 2.61%
    Home Improvement 345 $27,145,000 $78,681 $3,803 2.49%
    Cash Out Refi 147 $32,225,000 $219,218 $4,143 3.39%

    For 2022, Nbt Bank's most frequently cited loan purpose was Home Purchase, with 970 originations. The 2nd most popular reason was Refi, with 441 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,087 $239,265,000 $220,115 $4,219 2.47%
    30 Year 728 $157,780,000 $216,731 $4,081 4.42%
    15 Year 158 $28,410,000 $179,810 $3,445 3.26%
    30+ year 123 $56,355,000 $458,171 $7,050 4.17%
    20 Year 113 $22,075,000 $195,354 $3,983 4.49%
    10 Year 61 $114,765,000 $1,881,393 $2,281 4.24%
    5 Year 5 $2,815,000 $563,000 $0 5.26%

    For 2022, Nbt Bank's most frequently cited loan duration was Other, with 1,087 originations. The 2nd most popular length was 30 Year, with 728 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 524 $108,970,000 $207,958
    $<1k 380 $72,020,000 $189,526
    $2k-3k 147 $47,695,000 $324,456
    $3k-4k 54 $20,680,000 $382,963
    $5k+ 12 $9,840,000 $820,000
    $4k-5k 11 $5,765,000 $524,091

    Nbt Bank's average total fees were $4,081, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 524 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 952 $102,230,000 $107,384
    4-5% 382 $174,880,000 $457,801
    2.5-3% 333 $97,965,000 $294,189
    3-4% 282 $156,110,000 $553,582
    5-6% 251 $69,975,000 $278,785
    6-7% 72 $19,890,000 $276,250
    7-8% 3 $415,000 $138,333

    During 2022, Nbt Bank's average interest rate for loans was 4.42%, while their most frequently originated rate bucket for loans was <2.5%, with 952 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 853 $48,335,000 $56,665 $3,040 2.81%
    $100k-200k 750 $104,940,000 $139,920 $3,656 3.60%
    $200k-400k 463 $127,395,000 $275,151 $4,795 3.84%
    $400k-600k 102 $48,010,000 $470,686 $6,441 3.86%
    $600k-1MM 64 $46,190,000 $721,719 $7,098 4.09%
    $1MM+ 43 $246,595,000 $5,734,767 $10,346 4.18%

    2022 saw Nbt Bank place emphasis on $100,000 or less loans with 853 originations, totaling $48,335,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 447 $71,805,000 $160,638 $4,280 3.27%
    $50k-75k 430 $46,780,000 $108,791 $3,630 3.47%
    $75k-100k 359 $50,175,000 $139,763 $4,196 3.26%
    $150k-250k 346 $82,600,000 $238,728 $5,277 3.24%
    $50k or less 283 $23,525,000 $83,127 $3,302 3.43%
    $250k+ 186 $79,080,000 $425,161 $5,986 3.25%

    Nbt Bank lent most frequently to those with incomes in the $100k-150k range, with 447 originations. The second most popular income band? $50k-75k, with 430 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 534 $83,010,000 $155,449 $3,982 3.19%
    30-36% 428 $69,990,000 $163,528 $4,155 3.41%
    <20% 192 $29,110,000 $151,615 $4,110 2.87%
    42% 157 $22,135,000 $140,987 $4,042 2.78%
    41% 99 $15,465,000 $156,212 $4,229 3.25%
    36% 85 $13,515,000 $159,000 $4,253 3.24%
    40% 79 $13,715,000 $173,608 $4,213 3.23%
    37% 78 $16,430,000 $210,641 $4,980 3.25%
    38% 78 $14,390,000 $184,487 $4,819 3.46%
    39% 77 $13,535,000 $175,779 $4,457 3.49%
    43% 66 $13,520,000 $204,848 $4,568 3.44%
    44% 53 $11,395,000 $215,000 $4,761 3.79%
    46% 45 $10,835,000 $240,778 $4,729 4.05%
    45% 45 $9,005,000 $200,111 $4,394 3.95%
    47% 38 $8,320,000 $218,947 $4,981 4.14%
    49% 30 $5,340,000 $178,000 $4,554 3.24%
    48% 26 $5,040,000 $193,846 $4,353 3.63%
    50-60% 25 $4,425,000 $177,000 $4,619 4.13%
    >60% 7 $5,655,000 $807,857 $7,877 3.39%

    Nbt Bank lent most frequently to those with DTI ratios of 20-30%, with 534 originations. The next most common DTI ratio? 30-36%, with 428 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,815 $294,155,000 $162,069 $4,299 3.25%
    Not applicable 120 $253,130,000 $2,109,417 $0 4.93%
    Not provided 277 $57,785,000 $208,610 $4,253 3.65%
    Asian 32 $8,440,000 $263,750 $4,665 3.53%
    Asian Indian 3 $4,255,000 $1,418,333 $20,161 2.66%
    Black 20 $2,370,000 $118,500 $3,016 3.49%
    American Indian 7 $1,165,000 $166,429 $4,152 3.48%
    Native Hawaiian or Islander 1 $165,000 $165,000 $3,250 6.25%

    Approval Rates

    Total approvals of all applications
    78.04%

    Nbt Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.63%

    Nbt Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,275 $621,465,000 $273,171

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,275 $621,465,000 $273,171

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 437 $71,295,000 $163,146 $3,582 2.57%
    40-60% 318 $73,320,000 $230,566 $3,921 2.98%
    60-80% 640 $330,450,000 $516,328 $4,655 3.93%
    80-100% 539 $127,795,000 $237,096 $4,212 4.29%
    Over 100% 1 $275,000 $275,000 $0 5.00%
    Under 20% 340 $18,330,000 $53,912 $1,096 2.38%