Neighborhood Mortgage Rates, Fees & Info
Dallas, TXLEI: 549300I0JGZE27J13Z50
Tax ID: 75-0224670
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Mortgage Data
Review & Overview
Neighborhood is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Neighborhood has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Houston, and Sherman 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
255Origination Dollar Volume (All Markets)
$25,335,000Awards
NEIGHBORHOOD - 2019
NEIGHBORHOOD is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 251 | $24,815,000 | $98,865 | $520 | 5.60% |
| Outside of Metro Areas | 1 | $215,000 | $215,000 | $4,253 | 4.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,167 | 4.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 6.62% |
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: 480
Similarity Rank: 815
Similarity Rank: 948
Similarity Rank: 1038
Similarity Rank: 1140
Similarity Rank: 1204
Similarity Rank: 1228
Similarity Rank: 1368
Similarity Rank: 1617
Similarity Rank: 1720
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 255 | $25,335,000 | $99,353 | $537 | 5.60% |
For 2019, Neighborhood's most frequently originated type of loan was Conventional, with 255 originations.
Loan Reason
For 2019, Neighborhood's most frequently cited loan purpose was Home Purchase, with 132 originations. The 2nd most popular reason was Cash Out Refi, with 75 originations.
Loan Duration/Length
For 2019, Neighborhood's most frequently cited loan duration was 15 Year, with 175 originations. The 2nd most popular length was 20 Year, with 37 originations.
Origination Fees/Closing Costs
Neighborhood's average total fees were $2,813, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 225 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 119 | $10,955,000 | $92,059 |
| 6-7% | 59 | $5,355,000 | $90,763 |
| 4-5% | 58 | $7,180,000 | $123,793 |
| 7-8% | 11 | $895,000 | $81,364 |
| 3-4% | 8 | $950,000 | $118,750 |
During 2019, Neighborhood's average interest rate for loans was 4.67%, while their most frequently originated rate bucket for loans was 5-6%, with 119 originations.
Loan Sizing
2019 saw Neighborhood place emphasis on $100,000 or less loans with 172 originations, totaling $11,270,000 in origination value.
Applicant Income
Neighborhood lent most frequently to those with incomes in the $150k-250k range, with 95 originations. The second most popular income band? $100k-150k, with 52 originations.
Applicant Debt to Income Ratio
Neighborhood lent most frequently to those with DTI ratios of 30-36%, with 52 originations. The next most common DTI ratio? 20-30%, with 36 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.87%
Neighborhood has an average approval rate.
Pick Rate
Approvals leading to origination98.43%
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 | 255 | $25,335,000 | $99,353 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 255 | $25,335,000 | $99,353 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Neighborhood Capital Funding, Inc. | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |