Harborone Mortgage Rates, Fees & Info
Boston, MALEI: 549300DAUXQ2DCY4H838
Tax ID: 04-2802284
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Mortgage Data
Review & Overview
Harborone Mortgage is a smaller mortgage company specializing in Home Purchase loans. Harborone Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Boston, Providence, Manchester, Springfield, and New York among others. We have data for 43 markets. (Some data included below & more in-depth data is available with an active subscription.)Harborone Mortgage 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. Harborone Mortgage is typically an average 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.37% | 11/17/24 |
| 30 Year Conventional Refi | 6.38% | 11/17/24 |
| 30 Year Cash-out Refi | 6.59% | 11/17/24 |
| 30 Year FHA Purchase | 7.41% | 11/17/24 |
| 30 Year FHA Refi | 7.34% | 11/17/24 |
| 30 Year VA Purchase | 6.38% | 11/17/24 |
| 30 Year VA Refi | 5.75% | 11/17/24 |
| 30 Year USDA Purchase | 6.69% | 11/17/24 |
| 15 Year Conventional Purchase | 5.10% | 11/17/24 |
| 15 Year Conventional Refi | 5.96% | 11/17/24 |
| 15 Year Cash-out Refi | 5.96% | 11/17/24 |
| 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. | ||
Harborone Mortgage Mortgage Calculator
Your Estimates
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This is not an official calculator from Harborone Mortgage. 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
1,393Origination Dollar Volume (All Markets)
$580,745,000Awards
HARBORONE MORTGAGE - 2023
HARBORONE MORTGAGE is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Harborone Mortgage's average 30 year fixed mortgage rate was
6.67%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.19%.
Relative Fees (Closing Costs)
Harborone Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,584.
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 |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 407 | $213,775,000 | $525,246 | $6,413 | 6.47% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 179 | $67,145,000 | $375,112 | $6,707 | 6.71% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 163 | $62,855,000 | $385,613 | $6,331 | 6.72% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 176 | $54,340,000 | $308,750 | $6,656 | 6.69% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 65 | $38,515,000 | $592,538 | $7,386 | 6.40% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 61 | $25,405,000 | $416,475 | $7,205 | 6.45% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 63 | $24,465,000 | $388,333 | $6,200 | 6.88% |
| Concord, NH (FHA|USDA|VA) | 53 | $19,485,000 | $367,642 | $6,718 | 6.85% |
| Keene, NH (FHA|USDA|VA) | 50 | $12,270,000 | $245,400 | $4,600 | 6.72% |
| Outside of Metro Areas | 30 | $12,160,000 | $405,333 | $6,091 | 7.17% |
| Lebanon, NH-VT (FHA|USDA|VA) | 27 | $9,825,000 | $363,889 | $6,733 | 6.71% |
| Laconia, NH (FHA|USDA|VA) | 20 | $8,120,000 | $406,000 | $7,212 | 6.87% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 13 | $4,685,000 | $360,385 | $5,693 | 6.72% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 12 | $4,090,000 | $340,833 | $6,181 | 7.08% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 12 | $3,160,000 | $263,333 | $6,969 | 7.01% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 8 | $2,340,000 | $292,500 | $7,556 | 7.03% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 5 | $1,975,000 | $395,000 | $6,433 | 7.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $1,940,000 | $485,000 | $6,242 | 6.53% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,700,000 | $425,000 | $9,274 | 6.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 5 | $1,265,000 | $253,000 | $6,988 | 6.78% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $7,535 | 7.16% |
| Barre, VT (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $7,124 | 6.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $11,318 | 6.08% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $9,814 | 7.08% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $5,917 | 6.50% |
| BANGOR, ME (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $5,812 | 7.17% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $10,204 | 7.25% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $7,411 | 6.38% |
| Berlin, NH (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $4,221 | 6.71% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,665 | 7.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,362 | 7.50% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $8,038 | 6.63% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $8,482 | 7.50% |
| PITTSFIELD, MA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $7,840 | 7.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,319 | 6.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,177 | 6.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,236 | 7.25% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,002 | 6.75% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $12,538 | 6.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,038 | 6.63% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,156 | 6.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,107 | 7.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.50% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against HARBORONE MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2023, Harborone Mortgage's most frequently originated type of loan was Conventional, with 1,202 originations. Their 2nd most popular type was FHA, with 147 originations.
Loan Reason
For 2023, Harborone Mortgage's most frequently cited loan purpose was Home Purchase, with 1,277 originations. The 2nd most popular reason was Cash Out Refi, with 73 originations.
Loan Duration/Length
For 2023, Harborone Mortgage's most frequently cited loan duration was 30 Year, with 1,354 originations. The 2nd most popular length was 15 Year, with 27 originations.
Origination Fees/Closing Costs
Harborone Mortgage's average total fees were $6,584, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 758 originations.
Interest Rates
During 2023, Harborone Mortgage's average interest rate for loans was 6.67%, while their most frequently originated rate bucket for loans was 6-7%, with 755 originations.
Loan Sizing
2023 saw Harborone Mortgage place emphasis on $200k-400k loans with 688 originations, totaling $208,790,000 in origination value.
Applicant Income
Harborone Mortgage lent most frequently to those with incomes in the $100k-150k range, with 406 originations. The second most popular income band? $150k-250k, with 315 originations.
Applicant Debt to Income Ratio
Harborone Mortgage lent most frequently to those with DTI ratios of 30-36%, with 250 originations. The next most common DTI ratio? 20-30%, with 218 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.53%
Harborone Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination68.27%
Harborone Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,393 | $580,745,000 | $416,902 |