Northeast Home Loan Mortgage Rates, Fees & InfoST JOHNSBURY, VT
Tax ID: 03-0365685
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewNortheast Home Loan is a smaller mortgage company specializing in Home Purchase loans. Northeast Home Loan has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Burlington, Boston, Barre, Portland, and Rutland among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)
Northeast Home Loan 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. Northeast Home Loan 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 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.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.67%||9/18/23|
|30 Year Conventional Refi||6.57%||9/18/23|
|30 Year Cash-out Refi||6.60%||9/18/23|
|30 Year VA Purchase||6.66%||9/18/23|
|30 Year USDA Purchase||5.98%||9/18/23|
|15 Year Conventional Purchase||6.30%||9/18/23|
|15 Year Conventional Refi||5.96%||9/18/23|
|15 Year Cash-out Refi||5.96%||9/18/23|
|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.|
Northeast Home Loan Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Northeast Home Loan. 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.
Origination Dollar Volume (All Markets)$196,190,000
NORTHEAST HOME LOAN - 2022
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For 2022, less than of lenders were eligible for this award.
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Northeast Home Loan's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.1%.
Relative Fees (Closing Costs)
Northeast Home Loan's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,972.
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.
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|
|BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA)||214||$78,770,000||$368,084||$6,132||4.45%|
|Outside of Metro Areas||145||$36,605,000||$252,448||$4,478||4.62%|
|Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA)||49||$32,065,000||$654,388||$11,209||4.12%|
|Barre, VT (FHA|USDA|VA)||46||$13,200,000||$286,957||$5,518||5.01%|
|PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA)||30||$8,750,000||$291,667||$6,118||4.28%|
|Rutland, VT (FHA|USDA|VA)||35||$8,285,000||$236,714||$4,464||4.82%|
|Lebanon, NH-VT (FHA|USDA|VA)||27||$6,005,000||$222,407||$4,192||4.86%|
|Bennington, VT (FHA|USDA|VA)||17||$5,485,000||$322,647||$5,598||5.00%|
|HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA)||3||$975,000||$325,000||$10,036||5.00%|
|BANGOR, ME (FHA|USDA|VA)||4||$900,000||$225,000||$6,290||4.69%|
|MANCHESTER-NASHUA, NH (FHA|USDA|VA)||3||$795,000||$265,000||$6,619||5.58%|
|Vineyard Haven, MA (FHA|USDA|VA)||1||$725,000||$725,000||$6,289||2.75%|
|Laconia, NH (FHA|USDA|VA)||2||$550,000||$275,000||$9,459||5.31%|
|BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA)||1||$525,000||$525,000||$4,554||4.25%|
|Augusta-Waterville, ME (FHA|USDA|VA)||3||$455,000||$151,667||$5,560||3.75%|
|NEW HAVEN-MILFORD, CT (FHA|USDA|VA)||1||$385,000||$385,000||$3,598||4.38%|
|Berlin, NH (FHA|USDA|VA)||3||$325,000||$108,333||$2,550||2.88%|
|LEWISTON-AUBURN, ME (FHA|USDA|VA)||1||$265,000||$265,000||$7,134||3.38%|
|NORWICH-NEW LONDON, CT (FHA|USDA|VA)||1||$245,000||$245,000||$11,343||5.50%|
|RALEIGH-CARY, NC (FHA|USDA|VA)||1||$225,000||$225,000||$0||4.25%|
|Concord, NH (FHA|USDA|VA)||1||$185,000||$185,000||$2,153||3.13%|
|DURHAM-CHAPEL HILL, NC (FHA|USDA|VA)||1||$165,000||$165,000||$4,379||6.13%|
|Keene, NH (FHA|USDA|VA)||1||$135,000||$135,000||$3,202||2.38%|
|PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA)||1||$105,000||$105,000||$2,320||3.99%|
|WORCESTER, MA-CT (FHA|USDA|VA)||1||$65,000||$65,000||$2,381||5.38%|
We use machine learning to identify the top lenders compared against NORTHEAST HOME LOAN based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Northeast Home Loan's most frequently originated type of loan was Conventional, with 587 originations. Their 2nd most popular type was VA, with 4 originations.
For 2022, Northeast Home Loan's most frequently cited loan purpose was Home Purchase, with 424 originations. The 2nd most popular reason was Cash Out Refi, with 103 originations.
For 2022, Northeast Home Loan's most frequently cited loan duration was 30 Year, with 536 originations. The 2nd most popular length was 15 Year, with 38 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Northeast Home Loan's average total fees were $5,972, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 217 originations.
During 2022, Northeast Home Loan's average interest rate for loans was 4.66%, while their most frequently originated rate bucket for loans was 3-4%, with 184 originations.
2022 saw Northeast Home Loan place emphasis on $200k-400k loans with 301 originations, totaling $89,075,000 in origination value.
Northeast Home Loan lent most frequently to those with incomes in the $100k-150k range, with 155 originations. The second most popular income band? $150k-250k, with 150 originations.
Applicant Debt to Income Ratio
Northeast Home Loan lent most frequently to those with DTI ratios of 20-30%, with 122 originations. The next most common DTI ratio? 30-36%, with 114 originations.
Approval RatesTotal approvals of all applications
Northeast Home Loan has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Northeast Home Loan has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|