Net Mortgage Rates, Fees & Info
Scranton, PALEI: 549300FV32ULL0DL8X39
Tax ID: 23-1906213
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Mortgage Data
Review & Overview
Net is a smaller mortgage company specializing in Home Improvement and Home Purchase loans. Net has a high proportion of conventional loans. Their top markets by origination volume include: Scranton, Ocala, Allentown, and New York among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Net has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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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Originations
60Origination Dollar Volume (All Markets)
$3,900,000Top 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 |
|---|---|---|---|---|---|
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 54 | $3,680,000 | $68,148 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $75,000 | $25,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against NET based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 150
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Similarity Rank: 330
Similarity Rank: 702
Similarity Rank: 799
Similarity Rank: 945
Similarity Rank: 1518
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 60 | $3,900,000 | $65,000 | $0 | 0.00% |
For 2018, Net's most frequently originated type of loan was Conventional, with 60 originations.
Loan Reason
For 2018, Net's most frequently cited loan purpose was Home Improvement, with 44 originations. The 2nd most popular reason was Home Purchase, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 60 | $3,900,000 | $65,000 | $0 | 0.00% |
For 2018, Net's most frequently cited loan duration was Other, with 60 originations.
Loan Sizing
2018 saw Net place emphasis on $100,000 or less loans with 46 originations, totaling $1,870,000 in origination value.
Applicant Income
Net lent most frequently to those with incomes in the $50k or less range, with 17 originations. The second most popular income band? $100k-150k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 60 | $3,900,000 | $65,000 | $0 | 0.00% |
Net lent most frequently to those with DTI ratios of Exempt%, with 60 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 59 | $3,755,000 | $63,644 | $0 | 0.00% |
| Not provided | 1 | $145,000 | $145,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications86.75%
Net has an average approval rate.
Pick Rate
Approvals leading to origination83.33%
Net has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 60 | $3,900,000 | $65,000 |