Nbt Bank Mortgage Rates, Fees & Info

Norwich, NY

LEI: 5493009BOQDC6PCFR785

Tax ID: 15-0395735

5 stars - Updated: 7/14/24 - out of 5 stars, based on 44 reviews

Latest/2023 | 2022 Data | 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.) 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.

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% 7/14/24
30 Year Conventional Purchase 6.18% 7/14/24
30 Year Conventional Refi 6.15% 7/14/24
30 Year Cash-out Refi 6.22% 7/14/24
30 Year FHA Purchase 7.21% 7/14/24
30 Year USDA Purchase 6.59% 7/14/24
15 Year Conventional Purchase 5.71% 7/14/24
15 Year Conventional Refi 5.76% 7/14/24
15 Year Cash-out Refi 5.76% 7/14/24
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

1,913

Origination Dollar Volume (All Markets)

$511,755,000
Show all (20) awards

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%
Nbt Bank's top markets include Syracuse, Utica, Albany, Scranton, and Boston among others.

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

    Adams Community Bank
    Similarity Rank: 28
    Bank of Richmondville
    Similarity Rank: 32
    SECNY Federal Credit Union
    Similarity Rank: 36
    RTN FEDERAL CREDIT UNION
    Similarity Rank: 40
    GPO Federal Credit Union
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    FIRST SOURCE
    Similarity Rank: 104
    N C P D Federal Credit Union
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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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 805 $291,775,000 $362,453 $4,622 6.02%
    Refi 451 $112,045,000 $248,437 $4,124 3.36%
    Other 340 $36,790,000 $108,206 $4,232 3.37%
    Home Improvement 274 $60,590,000 $221,131 $4,127 3.40%
    Cash Out Refi 43 $10,555,000 $245,465 $4,803 6.12%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,168 $201,570,000 $172,577 $3,840 3.52%
    30 Year 476 $127,510,000 $267,878 $4,528 6.11%
    20 Year 82 $15,290,000 $186,463 $3,939 6.63%
    30+ year 79 $38,585,000 $488,418 $7,424 6.27%
    10 Year 56 $94,230,000 $1,682,679 $1,106 6.10%
    15 Year 44 $8,550,000 $194,318 $4,030 5.76%
    5 Year 8 $26,020,000 $3,252,500 $0 6.27%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 355 $88,995,000 $250,690
    $1k-2k 269 $58,125,000 $216,078
    $2k-3k 108 $35,390,000 $327,685
    $3k-4k 43 $20,685,000 $481,047
    $5k+ 15 $8,525,000 $568,333
    $4k-5k 9 $5,575,000 $619,444

    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

    Loan Rate Originations Total Value Average Loan
    <2.5% 586 $62,410,000 $106,502
    6-7% 429 $191,805,000 $447,098
    5-6% 372 $120,090,000 $322,823
    3-4% 366 $46,890,000 $128,115
    7-8% 70 $60,200,000 $860,000
    4-5% 55 $24,565,000 $446,636
    Over 8% 34 $5,300,000 $155,882
    2.5-3% 1 $495,000 $495,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 724 $41,220,000 $56,934 $3,135 3.59%
    $100k-200k 544 $77,340,000 $142,169 $3,712 4.85%
    $200k-400k 416 $113,220,000 $272,163 $4,753 5.23%
    $400k-600k 111 $53,655,000 $483,378 $6,192 5.52%
    $600k-1MM 70 $53,550,000 $765,000 $7,761 5.52%
    $1MM+ 48 $172,770,000 $3,599,375 $11,715 6.19%

    2023 saw Nbt Bank place emphasis on $100,000 or less loans with 724 originations, totaling $41,220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 409 $70,685,000 $172,824 $4,651 4.49%
    $150k-250k 317 $74,485,000 $234,968 $5,275 4.38%
    $50k-75k 295 $31,255,000 $105,949 $3,521 4.48%
    $75k-100k 257 $33,255,000 $129,397 $4,372 4.22%
    $50k or less 239 $16,955,000 $70,941 $3,106 4.27%
    $250k+ 210 $91,730,000 $436,810 $6,427 4.68%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 393 $61,945,000 $157,621 $4,295 4.30%
    30-36% 321 $60,585,000 $188,738 $4,629 4.26%
    <20% 148 $27,270,000 $184,257 $4,588 4.00%
    42% 144 $21,810,000 $151,458 $4,852 3.69%
    38% 87 $16,455,000 $189,138 $4,383 4.39%
    41% 87 $12,695,000 $145,920 $4,244 4.33%
    39% 79 $15,555,000 $196,899 $4,514 4.43%
    40% 73 $11,145,000 $152,671 $4,098 4.56%
    37% 73 $10,445,000 $143,082 $3,664 3.96%
    36% 67 $11,785,000 $175,896 $4,549 4.64%
    43% 67 $14,675,000 $219,030 $4,784 4.65%
    44% 47 $12,665,000 $269,468 $5,216 5.21%
    49% 45 $11,445,000 $254,333 $5,109 5.35%
    45% 32 $8,550,000 $267,188 $4,945 5.52%
    47% 32 $6,610,000 $206,563 $4,482 5.95%
    48% 29 $8,485,000 $292,586 $4,958 5.83%
    46% 23 $6,325,000 $275,000 $5,155 5.73%
    50-60% 22 $5,790,000 $263,182 $6,530 4.84%
    >60% 4 $860,000 $215,000 $0 2.49%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,384 $237,780,000 $171,806 $4,645 4.26%
    Not applicable 133 $181,035,000 $1,361,165 $0 6.42%
    Not provided 327 $71,265,000 $217,936 $4,391 4.97%
    Asian 30 $13,910,000 $463,667 $4,742 4.92%
    Asian Indian 8 $3,170,000 $396,250 $7,378 4.45%
    Black 20 $2,660,000 $133,000 $3,835 5.06%
    Other Asian 4 $950,000 $237,500 $6,766 4.50%
    American Indian 6 $810,000 $135,000 $4,226 4.73%
    Chinese 1 $175,000 $175,000 $4,483 5.25%

    Approval Rates

    Total approvals of all applications
    79.25%

    Nbt Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    84.06%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,913 $511,755,000 $267,514

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 430 $52,810,000 $122,814 $3,841 3.26%
    40-60% 273 $66,145,000 $242,289 $4,824 4.05%
    60-80% 479 $228,095,000 $476,190 $4,954 5.61%
    80-100% 411 $128,145,000 $311,788 $4,411 5.92%
    Under 20% 319 $18,905,000 $59,263 $2,190 3.35%