Neighborhood Mortgage Rates, Fees & Info

Dallas, TX

LEI: 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

  • 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

    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.

    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.

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    Originations

    37

    Origination Dollar Volume (All Markets)

    $3,695,000

    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
    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%
    Neighborhood's top markets include Dallas, Corsicana, and Levelland among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • 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.

    GSB MORTGAGE, INC.
    Similarity Rank: 133
    DATCU
    Similarity Rank: 468
    AAXY L.L.C.
    Similarity Rank: 800
    FORT WORTH CITY CREDIT UNION
    Similarity Rank: 916
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 988
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 994
    Inwood National Bank
    Similarity Rank: 1035
    TEXAS TRUST
    Similarity Rank: 1152
    North Dallas Bank & Trust Co.
    Similarity Rank: 1603
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 1700

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 13 $975,000 $75,000 $1,357 7.74%
    20 Year 11 $2,035,000 $185,000 $3,562 7.93%
    10 Year 9 $465,000 $51,667 $1,156 7.92%
    5 Year 4 $220,000 $55,000 $1,152 6.68%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 30 $2,000,000 $66,667 $1,257 7.69%
    $100k-200k 4 $560,000 $140,000 $3,282 8.04%
    $200k-400k 2 $480,000 $240,000 $4,627 7.49%
    $600k-1MM 1 $655,000 $655,000 $11,742 7.95%

    2024 saw Neighborhood place emphasis on $100,000 or less loans with 30 originations, totaling $2,000,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 11 $935,000 $85,000 $1,503 7.90%
    $100k-150k 9 $835,000 $92,778 $1,859 7.53%
    $50k-75k 8 $610,000 $76,250 $1,626 7.46%
    $250k+ 4 $980,000 $245,000 $4,697 8.29%
    $75k-100k 4 $280,000 $70,000 $1,416 7.42%
    $50k or less 1 $55,000 $55,000 $1,107 8.55%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 8 $740,000 $92,500 $1,825 7.28%
    48% 4 $290,000 $72,500 $1,293 8.18%
    44% 4 $240,000 $60,000 $1,344 7.64%
    43% 4 $310,000 $77,500 $1,418 7.87%
    36% 3 $215,000 $71,667 $1,342 6.91%
    20-30% 3 $795,000 $265,000 $4,782 8.00%
    39% 3 $475,000 $158,333 $3,474 7.29%
    50-60% 2 $150,000 $75,000 $1,369 8.63%
    <20% 2 $150,000 $75,000 $851 8.25%
    38% 1 $45,000 $45,000 $1,050 7.45%
    47% 1 $135,000 $135,000 $3,967 8.70%
    37% 1 $95,000 $95,000 $1,631 8.25%
    41% 1 $55,000 $55,000 $1,127 8.05%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 23 $2,515,000 $109,348 $2,081 7.95%
    Black 12 $880,000 $73,333 $1,496 7.34%
    Not provided 2 $300,000 $150,000 $3,012 7.45%

    Approval Rates

    Total approvals of all applications
    59.68%

    Neighborhood has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 37 $3,695,000 $99,865

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    37 $3,695,000 $99,865

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $1,590,000 $132,500 $2,383 7.86%
    40-60% 3 $565,000 $188,333 $3,560 7.49%
    60-80% 1 $175,000 $175,000 $4,398 6.99%
    Under 20% 21 $1,365,000 $65,000 $1,341 7.72%