Northeast Community Mortgage Rates, Fees & Info

Elizabethton, TN

LEI: 549300RP7VACH3GG5E95

Tax ID: 62-0676416

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    Northeast Community is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Northeast Community has a high proportion of conventional loans. Their top (well, only) market is Johnson City.

    Northeast Community has an above average approval rate when compared to the average across all lenders. Northeast Community 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 relatively high 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
    Home Equity Line of Credit (HELOC) 5.99% 12/16/24
    30 Year Conventional Purchase 5.96% 12/16/24
    30 Year Conventional Refi 6.17% 12/16/24
    30 Year Cash-out Refi 5.57% 12/16/24
    15 Year Conventional Purchase 7.57% 12/16/24
    15 Year Conventional Refi 6.10% 12/16/24
    15 Year Cash-out Refi 6.10% 12/16/24
    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.

    Northeast Community Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Northeast Community. 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

    76

    Origination Dollar Volume (All Markets)

    $7,350,000

    Awards

    NORTHEAST COMMUNITY 30 Year Conventional Loans gold NORTHEAST COMMUNITY 30 Year Conventional Loans gold
    Show all (2) 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
    JOHNSON CITY, TN (FHA|USDA|VA) 73 $7,115,000 $97,466 $1,603 5.53%
    Outside of Metro Areas 3 $235,000 $78,333 $1,563 5.00%
    Northeast Community's top markets include and Johnson City among others.

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

    • Similar Lenders

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

    CONSUMER Credit Union
    Similarity Rank: 33
    NORTHEAST COMMUNITY
    Similarity Rank: 82
    First Community Bank
    Similarity Rank: 462
    FIRST BANCORP
    Similarity Rank: 646
    KNOXVILLE TVA EMPLOYEES CREDIT UNION
    Similarity Rank: 976
    HomeTrust Bank
    Similarity Rank: 2260
    A Mortgage Boutique, LLC
    Similarity Rank: 2618
    Bank of Tennessee
    Similarity Rank: 2838
    VILLAGE CAPITAL MORTGAGE
    Similarity Rank: 3144
    STOCKTON MORTGAGE CORPORATION
    Similarity Rank: 3196

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 76 $7,350,000 $96,711 $1,601 5.51%

    For 2020, Northeast Community's most frequently originated type of loan was Conventional, with 76 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 38 $3,350,000 $88,158 $1,547 5.44%
    Home Purchase 25 $2,455,000 $98,200 $1,669 5.76%
    Refi 12 $1,140,000 $95,000 $1,606 5.33%
    Other 1 $405,000 $405,000 $1,933 3.50%

    For 2020, Northeast Community's most frequently cited loan purpose was Cash Out Refi, with 38 originations. The 2nd most popular reason was Home Purchase, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 36 $2,420,000 $67,222 $1,604 5.56%
    30 Year 31 $4,435,000 $143,065 $1,619 5.19%
    10 Year 5 $245,000 $49,000 $1,648 6.19%
    20 Year 2 $190,000 $95,000 $1,557 7.62%
    Other 2 $60,000 $30,000 $1,199 5.50%

    For 2020, Northeast Community's most frequently cited loan duration was 15 Year, with 36 originations. The 2nd most popular length was 30 Year, with 31 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 74 $7,150,000 $96,622

    Northeast Community's average total fees were $1,619, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 74 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 26 $2,150,000 $82,692
    6-7% 26 $2,130,000 $81,923
    3-4% 12 $1,960,000 $163,333
    5-6% 9 $915,000 $101,667
    Over 8% 3 $195,000 $65,000

    During 2020, Northeast Community's average interest rate for loans was 5.19%, while their most frequently originated rate bucket for loans was 4-5%, with 26 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 49 $2,945,000 $60,102 $1,598 5.76%
    $100k-200k 23 $3,175,000 $138,043 $1,556 5.11%
    $200k-400k 3 $825,000 $275,000 $1,890 4.99%
    $400k-600k 1 $405,000 $405,000 $1,933 3.50%

    2020 saw Northeast Community place emphasis on $100,000 or less loans with 49 originations, totaling $2,945,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 34 $2,680,000 $78,824 $1,611 5.87%
    $50k-75k 22 $1,990,000 $90,455 $1,609 5.12%
    $75k-100k 15 $1,725,000 $115,000 $1,576 5.54%
    $100k-150k 4 $780,000 $195,000 $1,577 4.87%
    $150k-250k 1 $175,000 $175,000 $1,578 3.50%

    Northeast Community lent most frequently to those with incomes in the $50k or less range, with 34 originations. The second most popular income band? $50k-75k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 22 $1,880,000 $85,455 $1,498 5.27%
    <20% 21 $1,645,000 $78,333 $1,619 5.48%
    30-36% 14 $1,280,000 $91,429 $1,659 5.66%
    39% 3 $255,000 $85,000 $1,576 6.50%
    36% 3 $495,000 $165,000 $1,459 4.99%
    37% 3 $375,000 $125,000 $1,585 4.99%
    45% 3 $255,000 $85,000 $1,739 6.32%
    40% 2 $520,000 $260,000 $1,790 5.00%
    41% 1 $55,000 $55,000 $1,587 6.99%
    42% 1 $255,000 $255,000 $2,528 6.49%
    50-60% 1 $105,000 $105,000 $1,588 8.25%
    46% 1 $65,000 $65,000 $1,578 4.50%
    38% 1 $165,000 $165,000 $1,588 3.50%

    Northeast Community lent most frequently to those with DTI ratios of 20-30%, with 22 originations. The next most common DTI ratio? <20%, with 21 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 75 $7,295,000 $97,267 $1,601 5.49%
    American Indian 1 $55,000 $55,000 $1,598 6.50%

    Approval Rates

    Total approvals of all applications
    100.00%

    Northeast Community has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 76 $7,350,000 $96,711

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 13 $815,000 $62,692
    Single Family (1-4 Units):Site-Built 63 $6,535,000 $103,730

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $440,000 $55,000 $1,490 4.93%
    40-60% 12 $900,000 $75,000 $1,601 5.41%
    60-80% 26 $2,590,000 $99,615 $1,618 6.00%
    80-100% 27 $3,355,000 $124,259 $1,616 5.28%
    Under 20% 3 $65,000 $21,667 $1,621 5.16%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    NORTHWEST BANCSHARES INC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    NORTHWEST BANCSHARES INC Conventional home mortgage Trouble during payment process 1 50.0%