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 loans. Neighborhood has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Austin, 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.

    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

    93

    Origination Dollar Volume (All Markets)

    $12,735,000

    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) 88 $11,990,000 $136,250 $0 5.40%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $400,000 $200,000 $0 5.12%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $230,000 $115,000 $0 5.50%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.50%
    Neighborhood's top markets include Dallas, Austin, Houston, and Sherman 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.

    AAXY L.L.C.
    Similarity Rank: 540
    U S WIDE FINANCIAL LLC
    Similarity Rank: 924
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1200
    Credence Funding Corporation
    Similarity Rank: 1313
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 1408
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1950
    TEXANS
    Similarity Rank: 2057
    FC LENDING, LTD.
    Similarity Rank: 2172
    Pioneer Bank, SSB
    Similarity Rank: 2200
    DATCU
    Similarity Rank: 2220

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 93 $12,735,000 $136,935 $0 5.38%

    For 2021, Neighborhood's most frequently originated type of loan was Conventional, with 93 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 93 $12,735,000 $136,935 $0 5.38%

    For 2021, Neighborhood's most frequently cited loan purpose was Home Purchase, with 93 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 88 $12,100,000 $137,500 $0 5.38%
    20 Year 4 $470,000 $117,500 $0 5.56%
    10 Year 1 $165,000 $165,000 $0 4.75%

    For 2021, Neighborhood's most frequently cited loan duration was 15 Year, with 88 originations. The 2nd most popular length was 20 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 93 $12,735,000 $136,935

    Neighborhood's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 93 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 64 $8,860,000 $138,438
    4-5% 23 $3,295,000 $143,261
    6-7% 6 $580,000 $96,667

    During 2021, Neighborhood's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 38 $3,060,000 $80,526 $0 5.46%
    $100k-200k 35 $4,925,000 $140,714 $0 5.36%
    $200k-400k 20 $4,750,000 $237,500 $0 5.27%

    2021 saw Neighborhood place emphasis on $100,000 or less loans with 38 originations, totaling $3,060,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 45 $5,785,000 $128,556 $0 5.44%
    $250k+ 42 $6,440,000 $153,333 $0 5.33%
    $100k-150k 6 $510,000 $85,000 $0 5.33%

    Neighborhood lent most frequently to those with incomes in the $150k-250k range, with 45 originations. The second most popular income band? $250k+, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 20 $2,300,000 $115,000 $0 5.33%
    30-36% 19 $2,485,000 $130,789 $0 5.39%
    40% 7 $895,000 $127,857 $0 5.43%
    <20% 6 $740,000 $123,333 $0 5.21%
    42% 5 $845,000 $169,000 $0 5.29%
    37% 5 $715,000 $143,000 $0 5.65%
    41% 4 $890,000 $222,500 $0 5.31%
    44% 4 $500,000 $125,000 $0 5.31%
    45% 4 $570,000 $142,500 $0 5.38%
    38% 3 $305,000 $101,667 $0 5.75%
    46% 3 $585,000 $195,000 $0 5.67%
    47% 3 $445,000 $148,333 $0 5.42%
    39% 3 $585,000 $195,000 $0 5.08%
    36% 2 $390,000 $195,000 $0 5.38%
    43% 2 $170,000 $85,000 $0 5.38%
    48% 2 $220,000 $110,000 $0 5.50%
    49% 1 $95,000 $95,000 $0 5.25%

    Neighborhood lent most frequently to those with DTI ratios of 20-30%, with 20 originations. The next most common DTI ratio? 30-36%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 69 $9,175,000 $132,971 $0 5.41%
    Not provided 12 $2,000,000 $166,667 $0 5.40%
    Asian 10 $1,410,000 $141,000 $0 5.17%
    American Indian 1 $75,000 $75,000 $0 4.99%
    Black 1 $75,000 $75,000 $0 5.75%

    Approval Rates

    Total approvals of all applications
    100.00%

    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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 93 $12,735,000 $136,935

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    93 $12,735,000 $136,935

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 34 $7,060,000 $207,647 $0 5.35%
    Under 20% 59 $5,675,000 $96,186 $0 5.40%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Neighborhoods United, LLC Conventional home mortgage Struggling to pay mortgage 1 25.0%
    Neighborhoods United, LLC Other type of mortgage Closing on a mortgage 1 25.0%
    Neighborhoods United, LLC Home equity loan or line of credit (HELOC) Trouble during payment process 1 25.0%
    Neighborhoods United, LLC Conventional home mortgage Trouble during payment process 1 25.0%