Northeast Home Loan Mortgage Rates, Fees & Info

ST JOHNSBURY, VT

LEI: 549300DQMFK1KT7KEB48

Tax ID: 03-0365685

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Portland, Lebanon, and Barre among others. We have data for 23 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 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 6.67% 4/21/24
    30 Year Conventional Refi 6.57% 4/21/24
    30 Year Cash-out Refi 6.60% 4/21/24
    30 Year VA Purchase 6.66% 4/21/24
    30 Year USDA Purchase 5.98% 4/21/24
    15 Year Conventional Purchase 6.30% 4/21/24
    15 Year Conventional Refi 5.96% 4/21/24
    15 Year Cash-out Refi 5.96% 4/21/24
    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

    823

    Origination Dollar Volume (All Markets)

    $220,375,000

    Awards

    NORTHEAST HOME LOAN VA Loans gold NORTHEAST HOME LOAN VA Loans gold
    Show all (2) awards

    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) 313 $83,795,000 $267,716 $5,257 4.50%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 106 $54,350,000 $512,736 $7,018 4.79%
    Outside of Metro Areas 168 $31,120,000 $185,238 $4,040 4.60%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 79 $18,675,000 $236,392 $4,690 4.56%
    Lebanon, NH-VT (FHA|USDA|VA) 46 $8,970,000 $195,000 $3,656 4.59%
    Barre, VT (FHA|USDA|VA) 22 $5,240,000 $238,182 $4,226 4.54%
    Rutland, VT (FHA|USDA|VA) 22 $4,160,000 $189,091 $3,570 4.52%
    Berlin, NH (FHA|USDA|VA) 22 $3,430,000 $155,909 $3,490 4.57%
    Bennington, VT (FHA|USDA|VA) 14 $3,250,000 $232,143 $5,297 4.76%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 7 $2,415,000 $345,000 $5,036 4.66%
    WORCESTER, MA-CT (FHA|USDA|VA) 4 $1,370,000 $342,500 $5,244 4.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 3 $985,000 $328,333 $4,335 4.63%
    Keene, NH (FHA|USDA|VA) 4 $540,000 $135,000 $2,725 4.75%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $310,000 $155,000 $2,546 4.63%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $305,000 $305,000 $4,053 4.50%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $305,000 $305,000 $3,731 4.25%
    Concord, NH (FHA|USDA|VA) 2 $240,000 $120,000 $3,157 4.31%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $235,000 $235,000 $3,408 4.88%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $180,000 $90,000 $2,658 4.44%
    Augusta-Waterville, ME (FHA|USDA|VA) 1 $175,000 $175,000 $2,477 4.00%
    BANGOR, ME (FHA|USDA|VA) 1 $135,000 $135,000 $3,107 4.50%
    Laconia, NH (FHA|USDA|VA) 1 $125,000 $125,000 $2,614 4.75%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $65,000 $65,000 $2,844 4.38%
    Northeast Home Loan's top markets include Burlington, Boston, Portland, Lebanon, and Barre among others.

    Their top states include:
  • Vermont (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • North Carolina (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.

    Kittredge Mortgage Corporation
    Similarity Rank: 49
    Saco Valley Credit Union
    Similarity Rank: 70
    CASCO
    Similarity Rank: 90
    MERRIMACK VALLEY
    Similarity Rank: 110
    Middlesex Federal Savings, F.A.
    Similarity Rank: 111
    Vermont Federal Credit Union
    Similarity Rank: 120
    CUMBERLAND COUNTY
    Similarity Rank: 120
    Triangle Credit Union
    Similarity Rank: 147
    Maine Savings Federal Credit Union
    Similarity Rank: 160
    First Ipswich Bank
    Similarity Rank: 164

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 758 $205,650,000 $271,306 $4,809 4.60%
    USDA 34 $6,220,000 $182,941 $5,300 4.44%
    VA 31 $8,505,000 $274,355 $7,182 4.15%

    For 2018, Northeast Home Loan's most frequently originated type of loan was Conventional, with 758 originations. Their 2nd most popular type was USDA, with 34 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 654 $172,660,000 $264,006 $5,030 4.60%
    Refi 86 $26,600,000 $309,302 $4,365 4.49%
    Cash Out Refi 67 $18,425,000 $275,000 $4,808 4.57%
    Other 11 $1,815,000 $165,000 $3,748 4.26%
    Home Improvement 5 $875,000 $175,000 $3,984 4.25%

    For 2018, Northeast Home Loan's most frequently cited loan purpose was Home Purchase, with 654 originations. The 2nd most popular reason was Refi, with 86 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 672 $188,990,000 $281,235 $5,102 4.61%
    Other 79 $18,835,000 $238,418 $4,552 4.75%
    15 Year 56 $9,490,000 $169,464 $3,595 4.02%
    20 Year 13 $2,555,000 $196,538 $3,850 4.54%
    10 Year 3 $505,000 $168,333 $2,846 3.83%

    For 2018, Northeast Home Loan's most frequently cited loan duration was 30 Year, with 672 originations. The 2nd most popular length was Other, with 79 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 387 $88,125,000 $227,713
    $1k-2k 121 $25,545,000 $211,116
    $5k+ 92 $46,770,000 $508,370
    $2k-3k 88 $20,290,000 $230,568
    $3k-4k 68 $18,350,000 $269,853
    $4k-5k 65 $20,795,000 $319,923

    Northeast Home Loan's average total fees were $5,102, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 387 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 629 $166,435,000 $264,603
    3-4% 95 $21,375,000 $225,000
    5-6% 95 $31,115,000 $327,526
    6-7% 4 $1,450,000 $362,500

    During 2018, Northeast Home Loan's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 4-5%, with 629 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 372 $103,750,000 $278,898 $5,075 4.57%
    $100k-200k 278 $42,390,000 $152,482 $3,704 4.53%
    $400k-600k 80 $37,020,000 $462,750 $6,708 4.58%
    $100,000 or less 53 $3,795,000 $71,604 $2,930 4.66%
    $600k-1MM 33 $24,315,000 $736,818 $10,031 4.90%
    $1MM+ 7 $9,105,000 $1,300,714 $15,381 5.05%

    2018 saw Northeast Home Loan place emphasis on $200k-400k loans with 372 originations, totaling $103,750,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 193 $36,365,000 $188,420 $4,178 4.57%
    $100k-150k 184 $50,840,000 $276,304 $4,868 4.54%
    $150k-250k 152 $55,570,000 $365,592 $5,908 4.64%
    $75k-100k 143 $38,245,000 $267,448 $4,906 4.56%
    $50k or less 89 $12,555,000 $141,067 $3,657 4.56%
    $250k+ 61 $26,535,000 $435,000 $6,861 4.61%

    Northeast Home Loan lent most frequently to those with incomes in the $50k-75k range, with 193 originations. The second most popular income band? $100k-150k, with 184 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 155 $40,045,000 $258,355 $5,120 4.59%
    20-30% 147 $39,365,000 $267,789 $4,714 4.53%
    <20% 47 $13,505,000 $287,340 $5,088 4.43%
    36% 40 $12,500,000 $312,500 $5,395 4.52%
    40% 39 $11,955,000 $306,538 $5,346 4.67%
    44% 39 $9,255,000 $237,308 $4,427 4.67%
    39% 39 $12,345,000 $316,538 $5,593 4.65%
    42% 38 $10,480,000 $275,789 $5,241 4.57%
    37% 38 $9,960,000 $262,105 $4,728 4.73%
    41% 37 $8,435,000 $227,973 $4,288 4.59%
    43% 33 $10,395,000 $315,000 $4,809 4.59%
    45% 30 $7,500,000 $250,000 $4,718 4.53%
    46% 29 $6,195,000 $213,621 $4,194 4.62%
    49% 27 $7,065,000 $261,667 $4,398 4.66%
    48% 26 $7,390,000 $284,231 $5,010 4.60%
    47% 24 $6,570,000 $273,750 $6,194 4.60%
    38% 19 $3,875,000 $203,947 $4,167 4.50%
    50-60% 15 $3,415,000 $227,667 $4,600 4.51%
    >60% 1 $125,000 $125,000 $2,213 4.38%

    Northeast Home Loan lent most frequently to those with DTI ratios of 30-36%, with 155 originations. The next most common DTI ratio? 20-30%, with 147 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 610 $160,900,000 $263,770 $4,803 4.58%
    Not provided 192 $52,460,000 $273,229 $5,219 4.57%
    Asian 14 $4,340,000 $310,000 $5,707 4.54%
    Black 5 $1,895,000 $379,000 $5,053 4.98%
    Native Hawaiian or Islander 1 $435,000 $435,000 $7,089 4.50%
    Korean 1 $345,000 $345,000 $4,159 4.13%

    Approval Rates

    Total approvals of all applications
    93.74%

    Northeast Home Loan has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.25%

    Northeast Home Loan has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 823 $220,375,000 $267,770

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $970,000 $242,500
    Single Family (1-4 Units):Site-Built 819 $219,405,000 $267,894

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 34 $5,220,000 $153,529 $3,871 4.37%
    40-60% 68 $15,250,000 $224,265 $3,969 4.41%
    60-80% 330 $96,060,000 $291,091 $4,914 4.66%
    80-100% 379 $101,055,000 $266,636 $5,045 4.57%
    Over 100% 10 $2,690,000 $269,000 $10,728 4.34%
    Under 20% 2 $100,000 $50,000 $2,902 4.31%