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: Syracuse, Utica, Albany, Scranton, and Boston among others. We have data for 47 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 3.40% | 4/21/24 |
| 30 Year Conventional Purchase | 6.18% | 4/21/24 |
| 30 Year Conventional Refi | 6.15% | 4/21/24 |
| 30 Year Cash-out Refi | 6.22% | 4/21/24 |
| 30 Year FHA Purchase | 7.21% | 4/21/24 |
| 30 Year USDA Purchase | 6.59% | 4/21/24 |
| 15 Year Conventional Purchase | 5.71% | 4/21/24 |
| 15 Year Conventional Refi | 5.76% | 4/21/24 |
| 15 Year Cash-out Refi | 5.76% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,913Origination Dollar Volume (All Markets)
$511,755,000Awards
NBT Bank - 2023
NBT Bank is a 2023 , due to their low .
For 2023, 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
6.11%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.37%.
Relative Fees (Closing Costs)
Nbt Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,528.
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 $9,089.
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) | 292 | $85,790,000 | $293,801 | $4,171 | 4.46% |
| Outside of Metro Areas | 292 | $56,690,000 | $194,144 | $4,620 | 4.32% |
| UTICA-ROME, NY (FHA|USDA|VA) | 156 | $52,870,000 | $338,910 | $4,186 | 4.70% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 142 | $42,890,000 | $302,042 | $5,508 | 4.78% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 186 | $28,810,000 | $154,892 | $5,228 | 4.29% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 20 | $24,300,000 | $1,215,000 | $5,598 | 4.82% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 39 | $22,795,000 | $584,487 | $4,396 | 4.96% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 31 | $19,635,000 | $633,387 | $4,176 | 5.18% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 37 | $14,975,000 | $404,730 | $4,592 | 4.09% |
| PITTSFIELD, MA (FHA|USDA|VA) | 41 | $14,715,000 | $358,902 | $5,809 | 4.94% |
| Oneonta, NY (FHA|USDA|VA) | 86 | $13,240,000 | $153,953 | $3,885 | 4.48% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 60 | $12,270,000 | $204,500 | $4,915 | 4.33% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 9 | $11,995,000 | $1,332,778 | $5,168 | 5.81% |
| GLENS FALLS, NY (FHA|USDA|VA) | 40 | $11,070,000 | $276,750 | $4,596 | 4.89% |
| BINGHAMTON, NY (FHA|USDA|VA) | 73 | $10,585,000 | $145,000 | $3,629 | 4.72% |
| Torrington, CT (FHA|USDA|VA) | 25 | $7,755,000 | $310,200 | $4,813 | 5.92% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 27 | $7,585,000 | $280,926 | $4,860 | 4.58% |
| Gloversville, NY (FHA|USDA|VA) | 61 | $6,605,000 | $108,279 | $4,051 | 4.08% |
| Cortland, NY (FHA|USDA|VA) | 52 | $6,320,000 | $121,538 | $3,341 | 3.64% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 26 | $6,100,000 | $234,615 | $3,844 | 6.46% |
| Plattsburgh, NY (FHA|USDA|VA) | 30 | $5,100,000 | $170,000 | $4,283 | 4.52% |
| Laconia, NH (FHA|USDA|VA) | 3 | $4,865,000 | $1,621,667 | $2,740 | 5.63% |
| Ogdensburg-Massena, NY (FHA|USDA|VA) | 41 | $4,675,000 | $114,024 | $3,958 | 4.71% |
| Amsterdam, NY (FHA|USDA|VA) | 42 | $4,540,000 | $108,095 | $3,782 | 4.05% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 3 | $4,535,000 | $1,511,667 | $6,340 | 5.71% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 6 | $3,690,000 | $615,000 | $9,905 | 3.77% |
| Hudson, NY (FHA|USDA|VA) | 8 | $3,640,000 | $455,000 | $8,282 | 5.83% |
| Lebanon, NH-VT (FHA|USDA|VA) | 5 | $3,225,000 | $645,000 | $4,710 | 6.51% |
| Malone, NY (FHA|USDA|VA) | 23 | $3,135,000 | $136,304 | $3,926 | 3.78% |
| Keene, NH (FHA|USDA|VA) | 8 | $2,960,000 | $370,000 | $5,875 | 4.47% |
| Auburn, NY (FHA|USDA|VA) | 12 | $2,710,000 | $225,833 | $4,548 | 4.82% |
| KINGSTON, NY (FHA|USDA|VA) | 4 | $2,080,000 | $520,000 | $5,929 | 5.79% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $1,500,000 | $750,000 | $0 | 5.12% |
| ROCHESTER, NY (FHA|USDA|VA) | 4 | $1,430,000 | $357,500 | $5,230 | 6.13% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $1,405,000 | $468,333 | $4,971 | 6.17% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $1,130,000 | $565,000 | $10,753 | 7.63% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $5,425 | 6.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $7,908 | 7.00% |
| ITHACA, NY (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $3,166 | 4.58% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 3.50% |
| Rutland, VT (FHA|USDA|VA) | 4 | $490,000 | $122,500 | $4,284 | 3.68% |
| Concord, NH (FHA|USDA|VA) | 4 | $490,000 | $122,500 | $3,193 | 4.56% |
| Barre, VT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 2.49% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 6.25% |
| Sayre, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,049 | 4.88% |
| Batavia, NY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 2.49% |
| ELMIRA, NY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.46% |
Their top states include:
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 974 | $107,800,000 | $110,678 | n/a | 3.05% |
| Conventional | 925 | $401,235,000 | $433,768 | $4,551 | 6.10% |
| FHA | 14 | $2,720,000 | $194,286 | $7,027 | 6.31% |
For 2023, Nbt Bank's most frequently originated type of loan was HELOC, with 974 originations. Their 2nd most popular type was Conventional, with 925 originations.
Loan Reason
For 2023, Nbt Bank's most frequently cited loan purpose was Home Purchase, with 805 originations. The 2nd most popular reason was Refi, with 451 originations.
Loan Duration/Length
For 2023, Nbt Bank's most frequently cited loan duration was Other, with 1,168 originations. The 2nd most popular length was 30 Year, with 476 originations.
Origination Fees/Closing Costs
Nbt Bank's average total fees were $4,528, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 355 originations.
Interest Rates
During 2023, Nbt Bank's average interest rate for loans was 6.11%, while their most frequently originated rate bucket for loans was <2.5%, with 586 originations.
Loan Sizing
2023 saw Nbt Bank place emphasis on $100,000 or less loans with 724 originations, totaling $41,220,000 in origination value.
Applicant Income
Nbt Bank lent most frequently to those with incomes in the $100k-150k range, with 409 originations. The second most popular income band? $150k-250k, with 317 originations.
Applicant Debt to Income Ratio
Nbt Bank lent most frequently to those with DTI ratios of 20-30%, with 393 originations. The next most common DTI ratio? 30-36%, with 321 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.25%
Nbt Bank has a below average approval rate.
Pick Rate
Approvals leading to origination84.06%
Nbt Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,913 | $511,755,000 | $267,514 |