North Country Mortgage Rates, Fees & Info
South Burlington, VTLEI: 549300T2FOBK6WY4B349
Tax ID: 03-0184742
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Mortgage Data
Review & Overview
North Country is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. North Country has a high proportion of conventional loans. Their top markets by origination volume include: Burlington, Barre, Lebanon, Cape Coral, and Bennington among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)North Country 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. North Country 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.12% | 4/21/24 |
| 30 Year Conventional Purchase | 6.97% | 4/21/24 |
| 30 Year Conventional Refi | 7.08% | 4/21/24 |
| 30 Year Cash-out Refi | 7.30% | 4/21/24 |
| 30 Year FHA Purchase | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 8.50% | 4/21/24 |
| 15 Year Conventional Refi | 6.22% | 4/21/24 |
| 15 Year Cash-out Refi | 6.22% | 4/21/24 |
| 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. | ||
North Country Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
380Origination Dollar Volume (All Markets)
$50,110,000Top 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 |
|---|---|---|---|---|---|
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 122 | $21,940,000 | $179,836 | $1,995 | 5.07% |
| Outside of Metro Areas | 174 | $17,670,000 | $101,552 | $1,649 | 5.23% |
| Barre, VT (FHA|USDA|VA) | 51 | $6,565,000 | $128,725 | $2,025 | 4.99% |
| Lebanon, NH-VT (FHA|USDA|VA) | 23 | $1,975,000 | $85,870 | $1,548 | 5.55% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $12,953 | 4.75% |
| Bennington, VT (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $2,733 | 5.37% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,928 | 5.13% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,464 | 3.75% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,668 | 4.25% |
| Berlin, NH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $427 | 6.14% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $991 | 6.84% |
Similar Lenders
We use machine learning to identify the top lenders compared against NORTH COUNTRY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 380 | $50,110,000 | $131,868 | $1,846 | 5.17% |
For 2019, North Country's most frequently originated type of loan was Conventional, with 380 originations.
Loan Reason
For 2019, North Country's most frequently cited loan purpose was Home Purchase, with 132 originations. The 2nd most popular reason was Refi, with 94 originations.
Loan Duration/Length
For 2019, North Country's most frequently cited loan duration was 30 Year, with 133 originations. The 2nd most popular length was 15 Year, with 132 originations.
Origination Fees/Closing Costs
North Country's average total fees were $3,325, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 265 originations.
Interest Rates
During 2019, North Country's average interest rate for loans was 4.68%, while their most frequently originated rate bucket for loans was 4-5%, with 141 originations.
Loan Sizing
2019 saw North Country place emphasis on $100,000 or less loans with 197 originations, totaling $9,345,000 in origination value.
Applicant Income
North Country lent most frequently to those with incomes in the $50k or less range, with 94 originations. The second most popular income band? $50k-75k, with 77 originations.
Applicant Debt to Income Ratio
North Country lent most frequently to those with DTI ratios of 20-30%, with 80 originations. The next most common DTI ratio? 30-36%, with 51 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.30%
North Country has a below average approval rate.
Pick Rate
Approvals leading to origination29.74%
North Country 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 | 380 | $50,110,000 | $131,868 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| NORTHWEST BANCSHARES INC | Other type of mortgage | Trouble during payment process | 1 | 100.0% |