Neighbors Mortgage Rates, Fees & Info
Saint Louis, MOLEI: 549300I67S0IYUQWFJ07
Tax ID: 43-0496315
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Neighbors is a smaller mortgage company specializing in Home Improvement and Home Purchase loans. Neighbors has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top two markets are St. Louis and Joplin .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
538Origination Dollar Volume (All Markets)
$67,800,000Top 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) | 530 | $66,100,000 | $124,717 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $1,515,000 | $216,429 | $0 | 0.00% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 537 | $67,785,000 | $126,229 | $0 | 0.00% |
| FHA | 1 | $15,000 | $15,000 | $0 | 0.00% |
For 2022, Neighbors's most frequently originated type of loan was Conventional, with 537 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2022, Neighbors's most frequently cited loan purpose was Home Improvement, with 220 originations. The 2nd most popular reason was Other, with 147 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 538 | $67,800,000 | $126,022 | $0 | 0.00% |
For 2022, Neighbors's most frequently cited loan duration was Other, with 538 originations.
Loan Sizing
2022 saw Neighbors place emphasis on $100,000 or less loans with 303 originations, totaling $16,115,000 in origination value.
Applicant Income
Neighbors lent most frequently to those with incomes in the $150k-250k range, with 142 originations. The second most popular income band? $100k-150k, with 132 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.67%
Neighbors has a below average approval rate.
Pick Rate
Approvals leading to origination79.74%
Neighbors has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 538 | $67,800,000 | $126,022 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Neighborhood Capital Funding, Inc. | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |