New Hampshire Mortgage Rates, Fees & Info
Concord, NHLEI: 549300KUBRH1GICTLI84
Tax ID: 02-0224611
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Mortgage Data
Review & Overview
New Hampshire is a smaller mortgage company specializing in Home Improvement loans. New Hampshire has a high proportion of conventional loans. Their top markets by origination volume include: Concord, Manchester, Laconia, Boston, and Keene among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)New Hampshire has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.24% | 11/20/24 |
| 30 Year Conventional Refi | 6.47% | 11/20/24 |
| 30 Year Cash-out Refi | 7.01% | 11/20/24 |
| 15 Year Conventional Purchase | 6.26% | 11/20/24 |
| 15 Year Conventional Refi | 6.17% | 11/20/24 |
| 15 Year Cash-out Refi | 6.17% | 11/20/24 |
| 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. | ||
New Hampshire Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
53Origination Dollar Volume (All Markets)
$4,105,000Top 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 |
|---|---|---|---|---|---|
| Concord, NH (FHA|USDA|VA) | 25 | $1,835,000 | $73,400 | $350 | 5.49% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 7 | $625,000 | $89,286 | $342 | 5.13% |
| Laconia, NH (FHA|USDA|VA) | 8 | $590,000 | $73,750 | $642 | 5.54% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 6 | $490,000 | $81,667 | $340 | 5.37% |
| Outside of Metro Areas | 3 | $325,000 | $108,333 | $618 | 5.76% |
| Keene, NH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $814 | 5.99% |
| Lebanon, NH-VT (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $618 | 5.29% |
| Berlin, NH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $618 | 5.29% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against NEW HAMPSHIRE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 40
Similarity Rank: 63
Similarity Rank: 96
Similarity Rank: 130
Similarity Rank: 160
Similarity Rank: 177
Similarity Rank: 195
Similarity Rank: 220
Similarity Rank: 232
Similarity Rank: 276
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 53 | $4,105,000 | $77,453 | $431 | 5.45% |
For 2023, New Hampshire's most frequently originated type of loan was Conventional, with 53 originations.
Loan Reason
For 2023, New Hampshire's most frequently cited loan purpose was Home Improvement, with 38 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.
Loan Duration/Length
For 2023, New Hampshire's most frequently cited loan duration was 10 Year, with 26 originations. The 2nd most popular length was Other, with 15 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 53 | $4,105,000 | $77,453 |
New Hampshire's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 53 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 28 | $2,240,000 | $80,000 |
| 4-5% | 18 | $1,060,000 | $58,889 |
| 6-7% | 6 | $750,000 | $125,000 |
| 3-4% | 1 | $55,000 | $55,000 |
During 2023, New Hampshire's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 28 originations.
Loan Sizing
2023 saw New Hampshire place emphasis on $100,000 or less loans with 36 originations, totaling $1,860,000 in origination value.
Applicant Income
New Hampshire lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $150k-250k, with 15 originations.
Applicant Debt to Income Ratio
New Hampshire lent most frequently to those with DTI ratios of 20-30%, with 19 originations. The next most common DTI ratio? 30-36%, with 10 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 45 | $3,575,000 | $79,444 | $428 | 5.46% |
| Not provided | 8 | $530,000 | $66,250 | $444 | 5.39% |
Approval Rates
Total approvals of all applications68.89%
New Hampshire has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination84.91%
New Hampshire has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 53 | $4,105,000 | $77,453 |