Northpoint Mortgage Rates, Fees & Info

STURBRIDGE, MA

LEI: 549300JI0UWY4QIWDV89

Tax ID: 20-3492069

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Northpoint Mortgage is a smaller mortgage company specializing in Home Purchase loans. Northpoint Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Boston, Portland, Worcester, Hartford, and Springfield among others. We have data for 31 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Northpoint Mortgage has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Northpoint Mortgage is typically an average 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.66% 11/21/24
    30 Year Conventional Refi 6.58% 11/21/24
    30 Year Cash-out Refi 6.74% 11/21/24
    30 Year FHA Purchase 7.39% 11/21/24
    30 Year FHA Refi 6.81% 11/21/24
    30 Year VA Purchase 6.36% 11/21/24
    30 Year USDA Purchase 6.25% 11/21/24
    15 Year Conventional Purchase 5.83% 11/21/24
    15 Year Conventional Refi 5.87% 11/21/24
    15 Year Cash-out Refi 5.87% 11/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Northpoint Mortgage Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Northpoint Mortgage. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,813

    Origination Dollar Volume (All Markets)

    $461,445,000
    Show all (5) 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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 341 $104,425,000 $306,232 $4,941 4.22%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 263 $68,715,000 $261,274 $4,949 4.20%
    WORCESTER, MA-CT (FHA|USDA|VA) 225 $60,845,000 $270,422 $4,707 4.13%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 232 $48,880,000 $210,690 $5,600 4.02%
    SPRINGFIELD, MA (FHA|USDA|VA) 185 $39,045,000 $211,054 $5,742 4.35%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 116 $30,400,000 $262,069 $4,657 4.26%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 111 $28,235,000 $254,369 $4,238 4.14%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 93 $27,235,000 $292,849 $5,084 4.25%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 45 $9,345,000 $207,667 $5,022 4.29%
    Concord, NH (FHA|USDA|VA) 38 $9,310,000 $245,000 $4,914 4.23%
    Outside of Metro Areas 42 $8,330,000 $198,333 $4,196 4.17%
    Laconia, NH (FHA|USDA|VA) 25 $5,485,000 $219,400 $4,129 4.24%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 10 $3,450,000 $345,000 $3,680 3.86%
    Augusta-Waterville, ME (FHA|USDA|VA) 15 $3,315,000 $221,000 $5,190 4.26%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 12 $2,250,000 $187,500 $4,779 4.25%
    Keene, NH (FHA|USDA|VA) 10 $2,000,000 $200,000 $3,370 4.26%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 10 $1,830,000 $183,000 $4,579 4.46%
    Lebanon, NH-VT (FHA|USDA|VA) 11 $1,725,000 $156,818 $4,293 4.10%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 7 $1,335,000 $190,714 $4,019 4.38%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 4 $880,000 $220,000 $4,154 4.41%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $785,000 $261,667 $6,002 3.83%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $695,000 $231,667 $5,904 4.00%
    Torrington, CT (FHA|USDA|VA) 2 $540,000 $270,000 $11,592 4.50%
    Palatka, FL (FHA|USDA|VA) 1 $385,000 $385,000 $4,921 3.88%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $375,000 $375,000 $3,993 3.38%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $350,000 $175,000 $6,102 4.90%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $345,000 $345,000 $4,159 3.63%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $305,000 $305,000 $5,493 3.88%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $290,000 $145,000 $2,538 4.13%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,502 4.88%
    BANGOR, ME (FHA|USDA|VA) 1 $115,000 $115,000 $3,122 4.00%
    Northpoint Mortgage's top markets include Boston, Portland, Worcester, Hartford, and Springfield among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against NORTHPOINT MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MAINE FAMILY
    Similarity Rank: 6
    SOMERSET
    Similarity Rank: 26
    The Torrington Savings Bank
    Similarity Rank: 70
    SOUTHBRIDGE CREDIT UNION
    Similarity Rank: 80
    Florence Bank
    Similarity Rank: 96
    Rhode Island Credit Union
    Similarity Rank: 116
    Stafford Savings Bank
    Similarity Rank: 124
    CASCO
    Similarity Rank: 126
    SIKORSKY FINANCIAL
    Similarity Rank: 130
    HOLYOKE
    Similarity Rank: 132

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,315 $342,615,000 $260,544 $3,929 4.17%
    FHA 354 $81,250,000 $229,520 $7,919 4.34%
    VA 87 $25,765,000 $296,149 $8,023 4.13%
    USDA 57 $11,815,000 $207,281 $6,272 4.00%

    For 2019, Northpoint Mortgage's most frequently originated type of loan was Conventional, with 1,315 originations. Their 2nd most popular type was FHA, with 354 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,371 $341,445,000 $249,048 $5,299 4.28%
    Refi 301 $83,275,000 $276,661 $3,759 3.81%
    Cash Out Refi 128 $33,840,000 $264,375 $4,524 4.21%
    Home Improvement 13 $2,885,000 $221,923 $4,112 4.12%

    For 2019, Northpoint Mortgage's most frequently cited loan purpose was Home Purchase, with 1,371 originations. The 2nd most popular reason was Refi, with 301 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,665 $425,715,000 $255,685 $5,122 4.24%
    15 Year 93 $21,675,000 $233,065 $3,342 3.58%
    20 Year 30 $8,070,000 $269,000 $3,248 3.95%
    Other 18 $5,060,000 $281,111 $3,845 3.96%
    10 Year 7 $925,000 $132,143 $3,262 3.71%

    For 2019, Northpoint Mortgage's most frequently cited loan duration was 30 Year, with 1,665 originations. The 2nd most popular length was 15 Year, with 93 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,106 $278,040,000 $251,392
    $<1k 362 $94,290,000 $260,470
    $2k-3k 218 $51,180,000 $234,771
    $3k-4k 68 $17,730,000 $260,735
    $4k-5k 30 $8,650,000 $288,333
    $5k+ 28 $11,440,000 $408,571

    Northpoint Mortgage's average total fees were $5,122, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,106 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 864 $236,130,000 $273,299
    4-5% 798 $192,140,000 $240,777
    5-6% 124 $27,890,000 $224,919
    2.5-3% 22 $4,690,000 $213,182
    6-7% 4 $480,000 $120,000
    Over 8% 1 $115,000 $115,000

    During 2019, Northpoint Mortgage's average interest rate for loans was 4.24%, while their most frequently originated rate bucket for loans was 3-4%, with 864 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,040 $286,690,000 $275,663 $5,272 4.16%
    $100k-200k 561 $89,055,000 $158,743 $4,377 4.27%
    $400k-600k 151 $68,655,000 $454,669 $5,212 4.09%
    $100,000 or less 43 $3,375,000 $78,488 $3,175 4.41%
    $600k-1MM 16 $10,340,000 $646,250 $9,245 4.14%
    $1MM+ 2 $3,330,000 $1,665,000 $9,493 3.88%

    2019 saw Northpoint Mortgage place emphasis on $200k-400k loans with 1,040 originations, totaling $286,690,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 492 $103,870,000 $211,118 $5,124 4.24%
    $100k-150k 394 $111,290,000 $282,462 $5,049 4.14%
    $75k-100k 389 $95,265,000 $244,897 $5,166 4.19%
    $150k-250k 256 $86,970,000 $339,727 $4,582 4.17%
    $50k or less 211 $36,425,000 $172,630 $4,839 4.26%
    $250k+ 65 $26,175,000 $402,692 $4,444 4.09%

    Northpoint Mortgage lent most frequently to those with incomes in the $50k-75k range, with 492 originations. The second most popular income band? $100k-150k, with 394 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 335 $85,015,000 $253,776 $4,184 4.07%
    30-36% 334 $84,540,000 $253,114 $4,710 4.21%
    50-60% 120 $30,230,000 $251,917 $7,894 4.34%
    <20% 98 $25,130,000 $256,429 $3,652 4.00%
    44% 94 $23,800,000 $253,191 $4,877 4.25%
    49% 77 $18,865,000 $245,000 $5,206 4.34%
    42% 76 $20,060,000 $263,947 $5,355 4.18%
    39% 71 $18,195,000 $256,268 $5,023 4.29%
    43% 71 $17,805,000 $250,775 $5,024 4.32%
    41% 66 $15,440,000 $233,939 $5,378 4.23%
    40% 60 $16,520,000 $275,333 $4,847 4.08%
    37% 59 $15,115,000 $256,186 $4,776 4.16%
    36% 58 $13,210,000 $227,759 $4,374 4.17%
    45% 56 $15,240,000 $272,143 $5,271 4.28%
    38% 56 $14,210,000 $253,750 $4,920 4.23%
    46% 53 $14,475,000 $273,113 $5,362 4.30%
    48% 52 $13,970,000 $268,654 $5,795 4.11%
    47% 47 $10,895,000 $231,809 $5,744 4.32%
    >60% 13 $3,405,000 $261,923 $5,860 4.38%

    Northpoint Mortgage lent most frequently to those with DTI ratios of 20-30%, with 335 originations. The next most common DTI ratio? 30-36%, with 334 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,627 $411,095,000 $252,671 $4,936 4.20%
    Asian 62 $20,250,000 $326,613 $5,633 4.25%
    Not provided 67 $16,835,000 $251,269 $4,699 4.07%
    Black 53 $12,225,000 $230,660 $5,936 4.18%
    Native Hawaiian or Islander 1 $565,000 $565,000 $3,872 4.75%
    Other Asian 1 $205,000 $205,000 $6,847 5.25%
    Filipino 1 $195,000 $195,000 $6,966 4.13%
    American Indian 1 $75,000 $75,000 $2,541 4.00%

    Approval Rates

    Total approvals of all applications
    94.02%

    Northpoint Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.23%

    Northpoint Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,813 $461,445,000 $254,520

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 13 $2,095,000 $161,154
    Single Family (1-4 Units):Site-Built 1,800 $459,350,000 $255,194

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $4,670,000 $145,938 $3,179 3.88%
    40-60% 95 $22,915,000 $241,211 $3,778 3.88%
    60-80% 474 $124,850,000 $263,397 $3,744 4.15%
    80-100% 1,173 $297,585,000 $253,696 $5,483 4.25%
    Over 100% 35 $10,425,000 $297,857 $9,854 4.17%
    Under 20% 3 $805,000 $268,333 $3,027 3.79%