Harborone Mortgage Rates, Fees & Info
Boston, MALEI: 549300DAUXQ2DCY4H838
Tax ID: 04-2802284
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Harborone Mortgage is a small mortgage company specializing in Refi and Home Purchase loans. Harborone Mortgage 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: Boston, Providence, New York, Manchester, and Portland among others. We have data for 55 markets. (Some data included below & more in-depth data is available with an active subscription.)Harborone Mortgage has an above 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 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.37% | 11/22/24 |
| 30 Year Conventional Refi | 6.38% | 11/22/24 |
| 30 Year Cash-out Refi | 6.59% | 11/22/24 |
| 30 Year FHA Purchase | 7.41% | 11/22/24 |
| 30 Year FHA Refi | 7.34% | 11/22/24 |
| 30 Year VA Purchase | 6.38% | 11/22/24 |
| 30 Year VA Refi | 5.75% | 11/22/24 |
| 30 Year USDA Purchase | 6.69% | 11/22/24 |
| 15 Year Conventional Purchase | 5.10% | 11/22/24 |
| 15 Year Conventional Refi | 5.96% | 11/22/24 |
| 15 Year Cash-out Refi | 5.96% | 11/22/24 |
| 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
Estimated Loan Payment: Update the calculator values and click calculate payment!
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
9,026Origination Dollar Volume (All Markets)
$2,818,990,000Awards
HARBORONE MORTGAGE - 2020
HARBORONE MORTGAGE is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
Work for HARBORONE MORTGAGE?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 3,302 | $1,176,400,000 | $356,269 | $3,394 | 3.09% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1,201 | $345,045,000 | $287,298 | $3,638 | 3.19% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 667 | $263,095,000 | $394,445 | $5,096 | 3.19% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 900 | $250,100,000 | $277,889 | $3,548 | 3.14% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 613 | $180,095,000 | $293,793 | $3,506 | 3.08% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 673 | $164,145,000 | $243,900 | $4,089 | 3.14% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 276 | $77,890,000 | $282,210 | $3,242 | 2.99% |
| Concord, NH (FHA|USDA|VA) | 241 | $63,455,000 | $263,299 | $3,928 | 3.16% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 157 | $52,085,000 | $331,752 | $3,339 | 3.08% |
| Lebanon, NH-VT (FHA|USDA|VA) | 208 | $48,160,000 | $231,538 | $3,735 | 3.21% |
| Outside of Metro Areas | 141 | $36,735,000 | $260,532 | $3,525 | 3.08% |
| Laconia, NH (FHA|USDA|VA) | 105 | $28,355,000 | $270,048 | $3,526 | 3.21% |
| Keene, NH (FHA|USDA|VA) | 127 | $25,325,000 | $199,409 | $3,603 | 3.15% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 63 | $14,925,000 | $236,905 | $4,121 | 3.10% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 66 | $13,720,000 | $207,879 | $3,195 | 3.15% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 48 | $11,180,000 | $232,917 | $3,926 | 2.98% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 28 | $5,920,000 | $211,429 | $3,460 | 3.17% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 13 | $5,235,000 | $402,692 | $6,609 | 3.12% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 15 | $4,525,000 | $301,667 | $3,301 | 3.02% |
| PITTSFIELD, MA (FHA|USDA|VA) | 12 | $4,480,000 | $373,333 | $4,291 | 3.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 12 | $3,650,000 | $304,167 | $3,766 | 2.92% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 11 | $3,645,000 | $331,364 | $4,346 | 2.98% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 12 | $3,200,000 | $266,667 | $6,660 | 3.10% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 11 | $3,175,000 | $288,636 | $3,780 | 3.26% |
| Vineyard Haven, MA (FHA|USDA|VA) | 3 | $2,665,000 | $888,333 | $4,662 | 3.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 10 | $2,630,000 | $263,000 | $4,063 | 3.05% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 5 | $2,585,000 | $517,000 | $3,590 | 3.18% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 9 | $2,575,000 | $286,111 | $4,665 | 2.88% |
| Berlin, NH (FHA|USDA|VA) | 14 | $2,570,000 | $183,571 | $4,020 | 3.34% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 10 | $2,460,000 | $246,000 | $3,931 | 3.13% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 9 | $2,055,000 | $228,333 | $3,656 | 2.86% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $2,055,000 | $293,571 | $4,501 | 2.89% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $1,665,000 | $333,000 | $4,912 | 2.95% |
| Barre, VT (FHA|USDA|VA) | 5 | $1,405,000 | $281,000 | $3,547 | 2.83% |
| Rutland, VT (FHA|USDA|VA) | 6 | $1,340,000 | $223,333 | $3,324 | 3.06% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 5 | $1,335,000 | $267,000 | $3,770 | 3.25% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $3,606 | 3.03% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $4,353 | 2.97% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $4,222 | 2.83% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $2,662 | 3.22% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $1,433 | 2.94% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $909 | 3.31% |
| BANGOR, ME (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,965 | 2.88% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,443 | 3.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $2,692 | 2.50% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $6,815 | 2.88% |
| Torrington, CT (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,685 | 3.25% |
| Bennington, VT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,811 | 2.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $4,264 | 2.75% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,674 | 2.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,014 | 3.38% |
| READING, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,201 | 3.25% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,418 | 3.13% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,577 | 3.88% |
| OCALA, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,103 | 2.88% |
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.
Similarity Rank: 60
Similarity Rank: 134
Similarity Rank: 136
Similarity Rank: 160
Similarity Rank: 166
Similarity Rank: 169
Similarity Rank: 174
Similarity Rank: 176
Similarity Rank: 222
Similarity Rank: 240
Product Mix
For 2020, Harborone Mortgage's most frequently originated type of loan was Conventional, with 8,245 originations. Their 2nd most popular type was FHA, with 498 originations.
Loan Reason
For 2020, Harborone Mortgage's most frequently cited loan purpose was Refi, with 3,995 originations. The 2nd most popular reason was Home Purchase, with 3,465 originations.
Loan Duration/Length
For 2020, Harborone Mortgage's most frequently cited loan duration was 30 Year, with 6,783 originations. The 2nd most popular length was 15 Year, with 1,242 originations.
Origination Fees/Closing Costs
Harborone Mortgage's average total fees were $3,958, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 7,326 originations.
Interest Rates
During 2020, Harborone Mortgage's average interest rate for loans was 3.20%, while their most frequently originated rate bucket for loans was 3-4%, with 4,174 originations.
Loan Sizing
2020 saw Harborone Mortgage place emphasis on $200k-400k loans with 5,001 originations, totaling $1,447,005,000 in origination value.
Applicant Income
Harborone Mortgage lent most frequently to those with incomes in the $100k-150k range, with 2,430 originations. The second most popular income band? $150k-250k, with 1,955 originations.
Applicant Debt to Income Ratio
Harborone Mortgage lent most frequently to those with DTI ratios of 20-30%, with 2,327 originations. The next most common DTI ratio? 30-36%, with 1,718 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.20%
Harborone Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination71.80%
Harborone Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 9,026 | $2,818,990,000 | $312,319 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 16 | $2,700,000 | $168,750 |
| Single Family (1-4 Units):Site-Built | 9,010 | $2,816,290,000 | $312,574 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| HARBORONE MORTGAGE, LLC | Conventional home mortgage | Trouble during payment process | 2 | 66.7% |
| HARBORONE MORTGAGE, LLC | FHA mortgage | Trouble during payment process | 1 | 33.3% |