Neighbors Mortgage Rates, Fees & Info

Saint Louis, MO

LEI: 549300I67S0IYUQWFJ07

Tax ID: 43-0496315

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
  • 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

    Neighbors is a smaller mortgage company specializing in Home Purchase and Refi loans. Neighbors has a high proportion of conventional loans. Their top two markets are St. Louis and Springfield .

    Neighbors has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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    Originations

    176

    Origination Dollar Volume (All Markets)

    $20,640,000

    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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 174 $20,400,000 $117,241 $0 0.00%
    SPRINGFIELD, MO (FHA|USDA|VA) 2 $240,000 $120,000 $0 0.00%
    Neighbors's top markets include St. Louis and Springfield among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 176 $20,640,000 $117,273 $0 0.00%

    For 2018, Neighbors's most frequently originated type of loan was Conventional, with 176 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 64 $11,130,000 $173,906 $0 0.00%
    Refi 36 $4,260,000 $118,333 $0 0.00%
    Other 30 $1,210,000 $40,333 $0 0.00%
    Home Improvement 28 $980,000 $35,000 $0 0.00%
    Cash Out Refi 18 $3,060,000 $170,000 $0 0.00%

    For 2018, Neighbors's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 176 $20,640,000 $117,273 $0 0.00%

    For 2018, Neighbors's most frequently cited loan duration was Other, with 176 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 96 $4,470,000 $46,563 $0 0.00%
    $100k-200k 49 $7,145,000 $145,816 $0 0.00%
    $200k-400k 28 $7,540,000 $269,286 $0 0.00%
    $400k-600k 2 $870,000 $435,000 $0 0.00%
    $600k-1MM 1 $615,000 $615,000 $0 0.00%

    2018 saw Neighbors place emphasis on $100,000 or less loans with 96 originations, totaling $4,470,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 51 $5,465,000 $107,157 $0 0.00%
    $50k or less 35 $2,455,000 $70,143 $0 0.00%
    $100k-150k 33 $3,915,000 $118,636 $0 0.00%
    $75k-100k 26 $3,240,000 $124,615 $0 0.00%
    $150k-250k 20 $3,560,000 $178,000 $0 0.00%
    $250k+ 1 $615,000 $615,000 $0 0.00%

    Neighbors lent most frequently to those with incomes in the $50k-75k range, with 51 originations. The second most popular income band? $50k or less, with 35 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 127 $14,885,000 $117,205 $0 0.00%
    Black 32 $2,830,000 $88,438 $0 0.00%
    Not applicable 9 $1,275,000 $141,667 $0 0.00%
    Not provided 5 $995,000 $199,000 $0 0.00%
    Asian 3 $655,000 $218,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    75.69%

    Neighbors has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    67.61%

    Neighbors has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 176 $20,640,000 $117,273

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $65,000 $65,000
    Single Family (1-4 Units):Site-Built 175 $20,575,000 $117,571

    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%