Neighborhood Mortgage Rates, Fees & Info

Dallas, TX

LEI: 549300I0JGZE27J13Z50

Tax ID: 75-0224670

Latest/2023 | 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
  • 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

    Neighborhood is a smaller mortgage company specializing in Home Purchase and Home Improvement loans. Neighborhood has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Sherman, and Bonham among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Neighborhood 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. Neighborhood is typically a low 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.

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    Originations

    382

    Origination Dollar Volume (All Markets)

    $38,600,000

    Awards

    NEIGHBORHOOD 30 Year Conventional Loans gold NEIGHBORHOOD 30 Year Conventional Loans silver NEIGHBORHOOD 30 Year Conventional Loans bronze
    Show all (3) 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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 376 $37,970,000 $100,984 $302 5.70%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $385,000 $128,333 $2,033 5.12%
    Outside of Metro Areas 2 $200,000 $100,000 $1,189 5.43%
    Bonham, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.25%
    Neighborhood's top markets include Dallas, Sherman, and Bonham 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.

    NEIGHBORHOOD
    Similarity Rank: 200
    TEXANS
    Similarity Rank: 416
    AMERICAN HERITAGE CAPITAL, L.P.
    Similarity Rank: 780
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 870
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 897
    CRESTMARK MORTGAGE COMPANY, LTD.
    Similarity Rank: 992
    ASCENT HOME LENDING, LLC
    Similarity Rank: 1220
    DATCU
    Similarity Rank: 1440
    ESB Mortgage Company
    Similarity Rank: 1488
    TEXAS TRUST
    Similarity Rank: 1809

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 382 $38,600,000 $101,047 $319 5.69%

    For 2018, Neighborhood's most frequently originated type of loan was Conventional, with 382 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 226 $23,440,000 $103,717 $128 5.94%
    Home Improvement 101 $8,215,000 $81,337 $10 5.51%
    Cash Out Refi 51 $6,405,000 $125,588 $1,764 5.03%
    Refi 4 $540,000 $135,000 $908 4.88%

    For 2018, Neighborhood's most frequently cited loan purpose was Home Purchase, with 226 originations. The 2nd most popular reason was Home Improvement, with 101 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 276 $26,400,000 $95,652 $32 5.87%
    20 Year 69 $7,025,000 $101,812 $602 5.49%
    30 Year 22 $4,250,000 $193,182 $2,888 4.48%
    10 Year 9 $445,000 $49,444 $713 5.23%
    Other 6 $480,000 $80,000 $327 5.22%

    For 2018, Neighborhood's most frequently cited loan duration was 15 Year, with 276 originations. The 2nd most popular length was 20 Year, with 69 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 354 $33,160,000 $93,672
    $1k-2k 18 $2,460,000 $136,667
    $2k-3k 5 $1,125,000 $225,000
    $3k-4k 2 $680,000 $340,000
    $4k-5k 1 $385,000 $385,000
    $5k+ 1 $545,000 $545,000

    Neighborhood's average total fees were $2,888, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 354 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 186 $17,670,000 $95,000
    6-7% 105 $9,785,000 $93,190
    4-5% 63 $7,615,000 $120,873
    7-8% 19 $1,885,000 $99,211
    3-4% 8 $1,590,000 $198,750
    Over 8% 1 $55,000 $55,000

    During 2018, Neighborhood's average interest rate for loans was 4.48%, while their most frequently originated rate bucket for loans was 5-6%, with 186 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 254 $16,760,000 $65,984 $94 5.78%
    $100k-200k 101 $13,755,000 $136,188 $386 5.66%
    $200k-400k 24 $6,450,000 $268,750 $2,024 5.02%
    $400k-600k 2 $960,000 $480,000 $6,212 4.11%
    $600k-1MM 1 $675,000 $675,000 $0 6.99%

    2018 saw Neighborhood place emphasis on $100,000 or less loans with 254 originations, totaling $16,760,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 170 $16,730,000 $98,412 $181 5.80%
    $100k-150k 100 $8,380,000 $83,800 $200 5.76%
    $250k+ 61 $9,265,000 $151,885 $338 5.71%
    $75k-100k 25 $2,065,000 $82,600 $1,041 5.24%
    $50k-75k 15 $1,385,000 $92,333 $972 5.18%
    $50k or less 11 $775,000 $70,455 $893 5.14%

    Neighborhood lent most frequently to those with incomes in the $150k-250k range, with 170 originations. The second most popular income band? $100k-150k, with 100 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 76 $8,720,000 $114,737 $376 5.59%
    20-30% 59 $5,655,000 $95,847 $566 5.54%
    43% 27 $2,335,000 $86,481 $44 5.80%
    40% 25 $2,455,000 $98,200 $125 5.66%
    41% 23 $2,305,000 $100,217 $276 5.77%
    <20% 20 $2,870,000 $143,500 $1,238 5.10%
    42% 19 $1,425,000 $75,000 $28 5.74%
    46% 19 $1,835,000 $96,579 $124 5.68%
    47% 19 $1,555,000 $81,842 $0 6.08%
    36% 17 $2,155,000 $126,765 $451 5.62%
    44% 16 $1,420,000 $88,750 $0 6.11%
    37% 14 $1,090,000 $77,857 $65 5.87%
    38% 13 $1,035,000 $79,615 $0 6.00%
    48% 12 $970,000 $80,833 $0 6.02%
    45% 11 $1,525,000 $138,636 $167 5.65%
    39% 8 $970,000 $121,250 $1,393 5.67%
    49% 3 $205,000 $68,333 $0 6.17%
    >60% 1 $75,000 $75,000 $0 5.99%

    Neighborhood lent most frequently to those with DTI ratios of 30-36%, with 76 originations. The next most common DTI ratio? 20-30%, with 59 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 292 $29,040,000 $99,452 $222 5.69%
    Black 45 $5,285,000 $117,444 $1,019 5.71%
    Asian 34 $3,420,000 $100,588 $144 5.69%
    Not provided 8 $680,000 $85,000 $602 5.73%
    American Indian 2 $110,000 $55,000 $832 5.13%
    Other Asian 1 $65,000 $65,000 $0 7.25%

    Approval Rates

    Total approvals of all applications
    97.49%

    Neighborhood 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
    98.43%

    Neighborhood has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 382 $38,600,000 $101,047

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $35,000 $35,000
    Single Family (1-4 Units):Site-Built 381 $38,565,000 $101,220

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 88 $11,840,000 $134,545 $208 5.65%
    40-60% 5 $555,000 $111,000 $1,496 4.49%
    60-80% 19 $3,825,000 $201,316 $2,986 4.68%
    80-100% 10 $2,660,000 $266,000 $3,321 4.57%
    Over 100% 8 $1,420,000 $177,500 $0 6.03%
    Under 20% 240 $17,120,000 $71,333 $26 5.85%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Neighborhood Assistance Corporation of America ("NACA") Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 18.2%
    Neighborhood Assistance Corporation of America ("NACA") Home equity loan or line of credit (HELOC) Trouble during payment process 1 9.1%
    Neighborhood Assistance Corporation of America ("NACA") Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 6 54.5%
    Neighborhood Assistance Corporation of America ("NACA") Other type of mortgage Closing on a mortgage 1 9.1%
    Neighborhood Assistance Corporation of America ("NACA") Other type of mortgage Trouble during payment process 1 9.1%