Neighborhood Mortgage Rates, Fees & Info
Dallas, TXLEI: 549300I0JGZE27J13Z50
Tax ID: 75-0224670
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Neighborhood is a smaller mortgage company specializing in Other loans. Neighborhood has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Corsicana, and Levelland among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Neighborhood has a below average approval rate when compared to the average across all lenders.
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Originations
37Origination Dollar Volume (All Markets)
$3,695,000Top 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 |
---|---|---|---|---|---|
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 32 | $3,230,000 | $100,938 | $1,961 | 7.68% |
Outside of Metro Areas | 3 | $305,000 | $101,667 | $2,066 | 8.07% |
Corsicana, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,477 | 8.00% |
Levelland, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,395 | 7.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against NEIGHBORHOOD based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 133
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Similarity Rank: 1603
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Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 37 | $3,695,000 | $99,865 | $1,941 | 7.72% |
For 2024, Neighborhood's most frequently originated type of loan was Conventional, with 37 originations.
Loan Reason
Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Other | 35 | $3,375,000 | $96,429 | $1,885 | 7.76% |
Home Improvement | 1 | $95,000 | $95,000 | $1,594 | 6.88% |
Refi | 1 | $225,000 | $225,000 | $4,248 | 7.49% |
For 2024, Neighborhood's most frequently cited loan purpose was Other, with 35 originations. The 2nd most popular reason was Home Improvement, with 1 originations.
Loan Duration/Length
For 2024, Neighborhood's most frequently cited loan duration was 15 Year, with 13 originations. The 2nd most popular length was 20 Year, with 11 originations.
Origination Fees/Closing Costs
Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
---|---|---|---|
$<1k | 26 | $1,620,000 | $62,308 |
$1k-2k | 8 | $940,000 | $117,500 |
$2k-3k | 2 | $480,000 | $240,000 |
$5k+ | 1 | $655,000 | $655,000 |
Neighborhood's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 26 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
7-8% | 17 | $2,095,000 | $123,235 |
Over 8% | 13 | $1,025,000 | $78,846 |
6-7% | 6 | $520,000 | $86,667 |
5-6% | 1 | $55,000 | $55,000 |
During 2024, Neighborhood's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 17 originations.
Loan Sizing
2024 saw Neighborhood place emphasis on $100,000 or less loans with 30 originations, totaling $2,000,000 in origination value.
Applicant Income
Neighborhood lent most frequently to those with incomes in the $150k-250k range, with 11 originations. The second most popular income band? $100k-150k, with 9 originations.
Applicant Debt to Income Ratio
Neighborhood lent most frequently to those with DTI ratios of 30-36%, with 8 originations. The next most common DTI ratio? 48%, with 4 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications59.68%
Neighborhood has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to originationPoints and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 37 | $3,695,000 | $99,865 |