Net Mortgage Rates, Fees & Info
Scranton, PALEI: 549300FV32ULL0DL8X39
Tax ID: 23-1906213
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Net is a smaller mortgage company specializing in Home Improvement loans. Net has a high proportion of conventional loans. Their top markets by origination volume include: Scranton, Philadelphia, New York, and East Stroudsburg 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 an 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
287Origination Dollar Volume (All Markets)
$23,675,000Top 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) | 272 | $22,010,000 | $80,919 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $1,075,000 | $119,444 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $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: 168
Similarity Rank: 288
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Similarity Rank: 481
Similarity Rank: 494
Similarity Rank: 672
Similarity Rank: 748
Similarity Rank: 820
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 287 | $23,675,000 | $82,491 | $0 | 0.00% |
For 2022, Net's most frequently originated type of loan was Conventional, with 287 originations.
Loan Reason
For 2022, Net's most frequently cited loan purpose was Home Improvement, with 144 originations. The 2nd most popular reason was Other, with 68 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 287 | $23,675,000 | $82,491 | $0 | 0.00% |
For 2022, Net's most frequently cited loan duration was Other, with 287 originations.
Loan Sizing
2022 saw Net place emphasis on $100,000 or less loans with 215 originations, totaling $10,635,000 in origination value.
Applicant Income
Net lent most frequently to those with incomes in the $50k or less range, with 89 originations. The second most popular income band? $50k-75k, with 64 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 287 | $23,675,000 | $82,491 | $0 | 0.00% |
Net lent most frequently to those with DTI ratios of Exempt%, with 287 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.91%
Net has an average approval rate.
Pick Rate
Approvals leading to origination93.38%
Net has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 287 | $23,675,000 | $82,491 |