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 Cash Out Refi, Refi, and Home Purchase loans. New Hampshire has a high proportion of conventional loans. Their top markets by origination volume include: Concord, Boston, Laconia, Manchester, and Lebanon among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)New Hampshire 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. New Hampshire is typically a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.24% | 5/4/24 |
| 30 Year Conventional Refi | 6.47% | 5/4/24 |
| 30 Year Cash-out Refi | 7.01% | 5/4/24 |
| 15 Year Conventional Purchase | 6.26% | 5/4/24 |
| 15 Year Conventional Refi | 6.17% | 5/4/24 |
| 15 Year Cash-out Refi | 6.17% | 5/4/24 |
| 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
129Origination Dollar Volume (All Markets)
$21,805,000Awards
NEW HAMPSHIRE - 2019
NEW HAMPSHIRE is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Concord, NH (FHA|USDA|VA) | 67 | $11,025,000 | $164,552 | $2,370 | 3.79% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 19 | $4,065,000 | $213,947 | $2,642 | 4.03% |
| Laconia, NH (FHA|USDA|VA) | 18 | $2,570,000 | $142,778 | $2,404 | 3.58% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 8 | $1,640,000 | $205,000 | $2,397 | 4.34% |
| Lebanon, NH-VT (FHA|USDA|VA) | 8 | $1,260,000 | $157,500 | $2,498 | 3.78% |
| Outside of Metro Areas | 8 | $1,090,000 | $136,250 | $1,875 | 4.03% |
| Keene, NH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,640 | 4.50% |
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: 118
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 129 | $21,805,000 | $169,031 | $2,396 | 3.85% |
For 2019, New Hampshire's most frequently originated type of loan was Conventional, with 129 originations.
Loan Reason
For 2019, New Hampshire's most frequently cited loan purpose was Cash Out Refi, with 55 originations. The 2nd most popular reason was Refi, with 37 originations.
Loan Duration/Length
For 2019, New Hampshire's most frequently cited loan duration was 30 Year, with 43 originations. The 2nd most popular length was 15 Year, with 36 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 129 | $21,805,000 | $169,031 |
New Hampshire's average total fees were $2,627, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 129 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 61 | $10,715,000 | $175,656 |
| 4-5% | 41 | $6,605,000 | $161,098 |
| 2.5-3% | 21 | $3,495,000 | $166,429 |
| 5-6% | 6 | $990,000 | $165,000 |
During 2019, New Hampshire's average interest rate for loans was 4.30%, while their most frequently originated rate bucket for loans was 3-4%, with 61 originations.
Loan Sizing
2019 saw New Hampshire place emphasis on $100k-200k loans with 63 originations, totaling $9,205,000 in origination value.
Applicant Income
New Hampshire lent most frequently to those with incomes in the $100k-150k range, with 38 originations. The second most popular income band? $50k-75k, with 26 originations.
Applicant Debt to Income Ratio
New Hampshire lent most frequently to those with DTI ratios of 20-30%, with 50 originations. The next most common DTI ratio? 30-36%, with 23 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.36%
New Hampshire has an average approval rate.
Pick Rate
Approvals leading to origination68.99%
New Hampshire 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 | 129 | $21,805,000 | $169,031 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 129 | $21,805,000 | $169,031 |