Northeast Home Loan Mortgage Rates, Fees & Info

ST JOHNSBURY, VT

LEI: 549300DQMFK1KT7KEB48

Tax ID: 03-0365685

5 stars - Updated: 12/8/24 - out of 5 stars, based on 25 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Northeast 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 Lebanon among others. We have data for 21 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 an above 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 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
30 Year Conventional Purchase 6.67% 12/8/24
30 Year Conventional Refi 6.57% 12/8/24
30 Year Cash-out Refi 6.60% 12/8/24
30 Year VA Purchase 6.66% 12/8/24
30 Year USDA Purchase 5.98% 12/8/24
15 Year Conventional Purchase 6.30% 12/8/24
15 Year Conventional Refi 5.96% 12/8/24
15 Year Cash-out Refi 5.96% 12/8/24
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.

Northeast Home Loan Mortgage Calculator






Your Estimates

Estimated 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.


Originations

601

Origination Dollar Volume (All Markets)

$218,385,000

Relative Rate

Northeast Home Loan's average 30 year fixed mortgage rate was 6.81%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.33%.

Relative Fees (Closing Costs)

Northeast Home Loan's average total fees/closing costs for a 30 year fixed rate mortgage were $6,611.

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
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 271 $102,275,000 $377,399 $6,112 6.70%
Outside of Metro Areas 113 $33,045,000 $292,434 $6,084 6.97%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 51 $26,135,000 $512,451 $10,224 6.76%
Barre, VT (FHA|USDA|VA) 56 $18,570,000 $331,607 $5,836 6.75%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 25 $12,295,000 $491,800 $10,273 7.03%
Lebanon, NH-VT (FHA|USDA|VA) 31 $8,425,000 $271,774 $5,496 7.08%
Rutland, VT (FHA|USDA|VA) 17 $4,445,000 $261,471 $5,968 7.02%
Bennington, VT (FHA|USDA|VA) 8 $3,120,000 $390,000 $6,894 6.47%
WORCESTER, MA-CT (FHA|USDA|VA) 3 $1,505,000 $501,667 $8,557 6.62%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 3 $1,505,000 $501,667 $13,221 6.38%
Keene, NH (FHA|USDA|VA) 3 $1,415,000 $471,667 $7,279 6.96%
Concord, NH (FHA|USDA|VA) 3 $1,205,000 $401,667 $11,455 7.00%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $940,000 $470,000 $9,402 6.94%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 3 $725,000 $241,667 $5,715 7.17%
Laconia, NH (FHA|USDA|VA) 1 $635,000 $635,000 $2,616 7.13%
Berlin, NH (FHA|USDA|VA) 4 $550,000 $137,500 $3,666 7.38%
BANGOR, ME (FHA|USDA|VA) 2 $420,000 $210,000 $9,321 7.38%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $395,000 $395,000 $7,588 6.13%
Augusta-Waterville, ME (FHA|USDA|VA) 2 $370,000 $185,000 $4,940 6.44%
Lumberton, NC (FHA|USDA|VA) 1 $235,000 $235,000 $0 8.13%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $175,000 $175,000 $3,998 7.13%
Northeast Home Loan's top markets include Burlington, Boston, Barre, Portland, and Lebanon among others.

Their top states include:
  • Vermont (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Similar Lenders

    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.

    RTN FEDERAL CREDIT UNION
    Similarity Rank: 40
    Northfield Savings Bank
    Similarity Rank: 45
    Saco Valley Credit Union
    Similarity Rank: 64
    Vermont Federal Credit Union
    Similarity Rank: 102
    Bath Savings Institution
    Similarity Rank: 115
    Norway Savings Bank
    Similarity Rank: 126
    Northway Bank
    Similarity Rank: 154
    GREYLOCK
    Similarity Rank: 160

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 589 $214,245,000 $363,744 $6,543 6.82%
    VA 9 $3,415,000 $379,444 $8,723 6.54%
    USDA 3 $725,000 $241,667 $7,387 6.17%

    For 2023, Northeast Home Loan's most frequently originated type of loan was Conventional, with 589 originations. Their 2nd most popular type was VA, with 9 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 550 $203,500,000 $370,000 $6,618 6.79%
    Cash Out Refi 36 $9,150,000 $254,167 $6,304 7.13%
    Refi 15 $5,735,000 $382,333 $5,801 6.79%

    For 2023, Northeast Home Loan's most frequently cited loan purpose was Home Purchase, with 550 originations. The 2nd most popular reason was Cash Out Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 583 $213,635,000 $366,441 $6,611 6.81%
    15 Year 11 $3,005,000 $273,182 $6,056 6.83%
    20 Year 6 $1,290,000 $215,000 $4,668 7.17%
    Other 1 $455,000 $455,000 $0 6.99%

    For 2023, Northeast Home Loan's most frequently cited loan duration was 30 Year, with 583 originations. The 2nd most popular length was 15 Year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 209 $67,735,000 $324,091
    $5k+ 141 $72,585,000 $514,787
    $4k-5k 67 $23,195,000 $346,194
    $<1k 57 $18,465,000 $323,947
    $3k-4k 56 $15,780,000 $281,786
    $2k-3k 33 $10,205,000 $309,242

    Northeast Home Loan's average total fees were $6,611, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 209 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 322 $115,180,000 $357,702
    7-8% 162 $60,430,000 $373,025
    5-6% 85 $34,135,000 $401,588
    Over 8% 32 $8,640,000 $270,000

    During 2023, Northeast Home Loan's average interest rate for loans was 6.81%, while their most frequently originated rate bucket for loans was 6-7%, with 322 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 319 $96,015,000 $300,987 $5,516 6.82%
    $400k-600k 144 $69,560,000 $483,056 $8,152 6.77%
    $100k-200k 69 $10,755,000 $155,870 $4,511 6.86%
    $600k-1MM 57 $39,775,000 $697,807 $10,672 6.61%
    $100,000 or less 11 $745,000 $67,727 $3,836 7.83%
    $1MM+ 1 $1,535,000 $1,535,000 $22,588 6.38%

    2023 saw Northeast Home Loan place emphasis on $200k-400k loans with 319 originations, totaling $96,015,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 175 $75,625,000 $432,143 $7,083 6.80%
    $100k-150k 162 $55,280,000 $341,235 $6,101 6.78%
    $75k-100k 93 $24,915,000 $267,903 $5,211 6.79%
    $250k+ 86 $45,000,000 $523,256 $9,649 6.98%
    $50k-75k 74 $15,990,000 $216,081 $5,324 6.73%
    $50k or less 11 $1,575,000 $143,182 $3,894 6.69%

    Northeast Home Loan lent most frequently to those with incomes in the $150k-250k range, with 175 originations. The second most popular income band? $100k-150k, with 162 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 125 $43,715,000 $349,720 $6,369 6.77%
    30-36% 98 $34,840,000 $355,510 $6,213 6.87%
    39% 35 $12,925,000 $369,286 $6,679 6.91%
    <20% 32 $10,480,000 $327,500 $6,427 6.71%
    49% 31 $11,285,000 $364,032 $6,270 6.96%
    38% 31 $12,935,000 $417,258 $7,271 6.76%
    44% 27 $9,365,000 $346,852 $6,577 6.94%
    47% 27 $10,515,000 $389,444 $6,907 6.86%
    43% 26 $8,390,000 $322,692 $5,146 6.85%
    37% 25 $8,545,000 $341,800 $5,946 6.99%
    46% 21 $8,795,000 $418,810 $8,433 7.01%
    48% 21 $8,605,000 $409,762 $7,487 6.62%
    42% 20 $6,590,000 $329,500 $6,062 6.71%
    45% 19 $6,325,000 $332,895 $6,063 6.63%
    40% 18 $7,730,000 $429,444 $8,747 6.83%
    36% 15 $6,135,000 $409,000 $7,311 6.62%
    50-60% 15 $5,835,000 $389,000 $7,613 6.73%
    41% 13 $4,975,000 $382,692 $6,284 6.45%
    >60% 2 $400,000 $200,000 $3,931 6.63%

    Northeast Home Loan lent most frequently to those with DTI ratios of 20-30%, with 125 originations. The next most common DTI ratio? 30-36%, with 98 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 421 $154,265,000 $366,425 $6,611 6.82%
    Not provided 166 $57,950,000 $349,096 $6,587 6.82%
    Asian 11 $4,955,000 $450,455 $6,019 6.38%
    Black 2 $1,060,000 $530,000 $4,359 7.19%
    American Indian 1 $155,000 $155,000 $2,487 7.50%

    Approval Rates

    Total approvals of all applications
    95.60%

    Northeast Home Loan has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    94.18%

    Northeast Home Loan has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 601 $218,385,000 $363,369

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    601 $218,385,000 $363,369

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $6,695,000 $247,963 $5,336 6.70%
    40-60% 68 $20,440,000 $300,588 $6,196 6.78%
    60-80% 211 $78,965,000 $374,242 $6,750 6.91%
    80-100% 289 $110,995,000 $384,066 $6,657 6.76%
    Over 100% 2 $670,000 $335,000 $11,498 6.63%
    Under 20% 4 $620,000 $155,000 $4,656 6.94%