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
  • Complaints
  • 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 and Refi 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, Barre, and Rutland among others. We have data for 26 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% 11/21/24
    30 Year Conventional Refi 6.57% 11/21/24
    30 Year Cash-out Refi 6.60% 11/21/24
    30 Year VA Purchase 6.66% 11/21/24
    30 Year USDA Purchase 5.98% 11/21/24
    15 Year Conventional Purchase 6.30% 11/21/24
    15 Year Conventional Refi 5.96% 11/21/24
    15 Year Cash-out Refi 5.96% 11/21/24
    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

    1,382

    Origination Dollar Volume (All Markets)

    $455,140,000

    Awards

    NORTHEAST HOME LOAN 30 Year Conventional Loans silver NORTHEAST HOME LOAN 30 Year Conventional Loans bronze NORTHEAST HOME LOAN 30 Year Conventional Loans bronze NORTHEAST HOME LOAN 30 Year Conventional Loans bronze
    Show all (4) 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) 504 $169,370,000 $336,052 $5,059 2.89%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 253 $124,605,000 $492,510 $7,347 3.06%
    Outside of Metro Areas 253 $60,895,000 $240,692 $4,010 2.91%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 69 $22,595,000 $327,464 $6,455 3.00%
    Barre, VT (FHA|USDA|VA) 70 $21,730,000 $310,429 $4,676 2.90%
    Rutland, VT (FHA|USDA|VA) 67 $14,505,000 $216,493 $3,567 2.91%
    Lebanon, NH-VT (FHA|USDA|VA) 56 $13,390,000 $239,107 $4,127 2.94%
    Bennington, VT (FHA|USDA|VA) 28 $9,450,000 $337,500 $5,317 3.06%
    Berlin, NH (FHA|USDA|VA) 27 $3,495,000 $129,444 $2,677 2.88%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 7 $3,345,000 $477,857 $6,424 2.84%
    WORCESTER, MA-CT (FHA|USDA|VA) 8 $2,510,000 $313,750 $6,855 3.03%
    BANGOR, ME (FHA|USDA|VA) 12 $1,930,000 $160,833 $3,775 3.27%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 4 $1,010,000 $252,500 $5,729 2.59%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $910,000 $455,000 $4,036 2.75%
    RALEIGH-CARY, NC (FHA|USDA|VA) 2 $820,000 $410,000 $4,594 2.75%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 4 $750,000 $187,500 $2,409 2.69%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $730,000 $365,000 $7,024 2.81%
    Concord, NH (FHA|USDA|VA) 2 $710,000 $355,000 $3,408 3.69%
    Keene, NH (FHA|USDA|VA) 3 $475,000 $158,333 $2,789 3.08%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $465,000 $465,000 $3,138 2.75%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 3 $415,000 $138,333 $3,183 2.92%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $255,000 $255,000 $3,551 3.38%
    Laconia, NH (FHA|USDA|VA) 1 $195,000 $195,000 $5,546 4.00%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $195,000 $195,000 $3,465 2.75%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $195,000 $195,000 $2,032 2.75%
    Augusta-Waterville, ME (FHA|USDA|VA) 1 $195,000 $195,000 $6,626 3.25%
    Northeast Home Loan's top markets include Burlington, Boston, Portland, Barre, and Rutland 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.

    Community National Bank
    Similarity Rank: 130
    INFINITY Federal Credit Union
    Similarity Rank: 136
    CASCO
    Similarity Rank: 226
    TOWN & COUNTRY FEDERAL CREDIT UNION
    Similarity Rank: 240
    Sharon & Crescent United Credit Union
    Similarity Rank: 335
    Northfield Savings Bank
    Similarity Rank: 380
    Vermont Federal Credit Union
    Similarity Rank: 408
    CUMBERLAND COUNTY
    Similarity Rank: 464
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 474
    Kennebec Savings Bank
    Similarity Rank: 535

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,370 $451,300,000 $329,416 $5,071 2.95%
    VA 8 $3,010,000 $376,250 $12,193 2.44%
    USDA 4 $830,000 $207,500 $5,495 2.81%

    For 2021, Northeast Home Loan's most frequently originated type of loan was Conventional, with 1,370 originations. Their 2nd most popular type was VA, with 8 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 767 $263,235,000 $343,201 $5,332 2.98%
    Refi 371 $119,375,000 $321,765 $4,894 2.83%
    Cash Out Refi 231 $68,865,000 $298,117 $4,756 3.01%
    Other 11 $2,825,000 $256,818 $4,269 2.97%
    Home Improvement 2 $840,000 $420,000 $7,047 3.19%

    For 2021, Northeast Home Loan's most frequently cited loan purpose was Home Purchase, with 767 originations. The 2nd most popular reason was Refi, with 371 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,155 $402,925,000 $348,853 $5,322 3.02%
    15 Year 151 $32,775,000 $217,053 $3,966 2.44%
    20 Year 47 $11,025,000 $234,574 $4,177 2.80%
    Other 23 $7,315,000 $318,043 $5,330 2.91%
    10 Year 6 $1,100,000 $183,333 $2,741 2.31%

    For 2021, Northeast Home Loan's most frequently cited loan duration was 30 Year, with 1,155 originations. The 2nd most popular length was 15 Year, with 151 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 681 $193,305,000 $283,855
    $5k+ 230 $122,860,000 $534,174
    $3k-4k 107 $31,165,000 $291,262
    $1k-2k 106 $25,400,000 $239,623
    $4k-5k 96 $31,230,000 $325,313
    $2k-3k 90 $22,680,000 $252,000

    Northeast Home Loan's average total fees were $5,322, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 681 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 831 $269,915,000 $324,807
    3-4% 395 $149,415,000 $378,266
    <2.5% 150 $34,660,000 $231,067
    4-5% 4 $780,000 $195,000
    5-6% 1 $315,000 $315,000
    6-7% 1 $55,000 $55,000

    During 2021, Northeast Home Loan's average interest rate for loans was 3.02%, while their most frequently originated rate bucket for loans was 2.5-3%, with 831 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 636 $182,660,000 $287,201 $4,574 2.93%
    $400k-600k 302 $145,930,000 $483,212 $6,445 2.93%
    $100k-200k 295 $45,735,000 $155,034 $3,332 2.89%
    $600k-1MM 91 $66,675,000 $732,692 $10,885 3.16%
    $100,000 or less 49 $3,725,000 $76,020 $2,754 3.03%
    $1MM+ 9 $10,415,000 $1,157,222 $23,225 3.50%

    2021 saw Northeast Home Loan place emphasis on $200k-400k loans with 636 originations, totaling $182,660,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 348 $116,430,000 $334,569 $4,966 2.93%
    $150k-250k 326 $133,320,000 $408,957 $6,333 2.96%
    $50k-75k 231 $49,925,000 $216,126 $3,901 2.90%
    $75k-100k 230 $65,740,000 $285,826 $4,652 2.92%
    $250k+ 146 $74,020,000 $506,986 $7,058 3.04%
    $50k or less 101 $15,705,000 $155,495 $3,190 2.95%

    Northeast Home Loan lent most frequently to those with incomes in the $100k-150k range, with 348 originations. The second most popular income band? $150k-250k, with 326 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 339 $112,065,000 $330,575 $5,184 2.89%
    30-36% 231 $72,185,000 $312,489 $4,926 2.93%
    <20% 127 $39,435,000 $310,512 $4,391 2.84%
    40% 60 $22,400,000 $373,333 $5,577 3.04%
    37% 60 $19,380,000 $323,000 $5,111 2.90%
    41% 56 $20,620,000 $368,214 $5,570 3.09%
    43% 54 $18,380,000 $340,370 $5,271 3.02%
    39% 53 $17,345,000 $327,264 $4,582 2.93%
    42% 52 $17,800,000 $342,308 $5,089 2.98%
    45% 52 $16,650,000 $320,192 $6,126 2.93%
    36% 49 $19,155,000 $390,918 $5,756 2.94%
    44% 49 $13,625,000 $278,061 $4,361 2.96%
    38% 49 $14,645,000 $298,878 $4,442 2.94%
    49% 34 $11,200,000 $329,412 $5,442 3.17%
    48% 31 $11,585,000 $373,710 $6,325 3.07%
    46% 30 $8,910,000 $297,000 $5,569 3.00%
    47% 27 $11,085,000 $410,556 $6,574 2.95%
    50-60% 23 $7,765,000 $337,609 $4,964 2.98%
    >60% 6 $910,000 $151,667 $2,654 2.96%

    Northeast Home Loan lent most frequently to those with DTI ratios of 20-30%, with 339 originations. The next most common DTI ratio? 30-36%, with 231 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 860 $278,250,000 $323,547 $5,118 2.95%
    Not provided 489 $164,225,000 $335,838 $5,074 2.91%
    Asian 24 $8,860,000 $369,167 $6,269 3.06%
    Black 5 $1,965,000 $393,000 $4,936 3.10%
    American Indian 4 $1,840,000 $460,000 $3,748 3.31%

    Approval Rates

    Total approvals of all applications
    96.21%

    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
    92.76%

    Northeast Home Loan has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,382 $455,140,000 $329,334

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,382 $455,140,000 $329,334

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 83 $21,945,000 $264,398 $4,422 2.72%
    40-60% 264 $73,170,000 $277,159 $4,298 2.82%
    60-80% 571 $201,065,000 $352,128 $5,389 3.01%
    80-100% 458 $157,160,000 $343,144 $5,290 2.98%
    Over 100% 3 $1,355,000 $451,667 $17,975 2.42%
    Under 20% 3 $445,000 $148,333 $2,622 2.75%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    NORTHWEST BANCSHARES INC Conventional home mortgage Struggling to pay mortgage 1 11.1%
    NORTHWEST BANCSHARES INC Conventional home mortgage Trouble during payment process 5 55.6%
    NORTHWEST BANCSHARES INC Home equity loan or line of credit (HELOC) Trouble during payment process 1 11.1%
    NORTHWEST BANCSHARES INC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 11.1%
    NORTHWEST BANCSHARES INC Other type of mortgage Struggling to pay mortgage 1 11.1%