North Country Mortgage Rates, Fees & Info

South Burlington, VT

LEI: 549300T2FOBK6WY4B349

Tax ID: 03-0184742

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
  • 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

    North Country is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. North Country has a high proportion of conventional loans. Their top markets by origination volume include: Burlington, Barre, Lebanon, Washington, and Bennington among others. We have data for 19 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.

    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) 5.12% 11/21/24
    30 Year Conventional Purchase 6.97% 11/21/24
    30 Year Conventional Refi 7.08% 11/21/24
    30 Year Cash-out Refi 7.30% 11/21/24
    30 Year FHA Purchase 6.27% 11/21/24
    15 Year Conventional Purchase 8.50% 11/21/24
    15 Year Conventional Refi 6.22% 11/21/24
    15 Year Cash-out Refi 6.22% 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.

    North Country Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from North Country. 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

    702

    Origination Dollar Volume (All Markets)

    $137,580,000

    Awards

    NORTH COUNTRY 30 Year Conventional Loans silver NORTH COUNTRY 30 Year Conventional Loans gold NORTH COUNTRY 30 Year Conventional Loans bronze
    Show all (3) 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
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 285 $65,615,000 $230,228 $2,486 3.16%
    Outside of Metro Areas 246 $39,120,000 $159,024 $2,603 3.38%
    Barre, VT (FHA|USDA|VA) 124 $23,350,000 $188,306 $2,659 3.36%
    Lebanon, NH-VT (FHA|USDA|VA) 31 $5,965,000 $192,419 $2,960 3.32%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $1,120,000 $560,000 $7,140 3.13%
    Bennington, VT (FHA|USDA|VA) 1 $425,000 $425,000 $6,341 2.50%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $305,000 $305,000 $2,924 2.50%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $275,000 $275,000 $2,889 3.38%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $205,000 $205,000 $3,010 3.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $195,000 $195,000 $2,748 3.38%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $185,000 $185,000 $2,626 2.88%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $175,000 $175,000 $2,454 2.88%
    Berlin, NH (FHA|USDA|VA) 1 $125,000 $125,000 $3,326 3.50%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $105,000 $105,000 $5,979 2.50%
    Rutland, VT (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.38%
    CHARLESTON, WV (FHA|USDA|VA) 1 $95,000 $95,000 $2,156 3.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $85,000 $85,000 $1,562 2.50%
    OCALA, FL (FHA|USDA|VA) 1 $75,000 $75,000 $2,669 2.50%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $55,000 $55,000 $3,302 3.75%
    North Country's top markets include Burlington, Barre, Lebanon, Washington, and Bennington among others.

    Their top states include:
  • Vermont (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)

    • 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.

    Northfield Savings Bank
    Similarity Rank: 348
    Vermont Federal Credit Union
    Similarity Rank: 355
    ST. MARY'S BANK
    Similarity Rank: 392
    Northway Bank
    Similarity Rank: 530
    Bar Harbor Bank & Trust
    Similarity Rank: 546
    ONE Credit Union
    Similarity Rank: 609
    MSA MORTGAGE, LLC
    Similarity Rank: 638
    Meredith Village Savings Bank
    Similarity Rank: 689
    SALEM FIVE MORTGAGE COMPANY, LLC
    Similarity Rank: 756
    NORTHEAST CREDIT UNION
    Similarity Rank: 768

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 702 $137,580,000 $195,983 $2,610 3.28%

    For 2020, North Country's most frequently originated type of loan was Conventional, with 702 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 309 $58,085,000 $187,977 $2,371 3.21%
    Refi 222 $44,980,000 $202,613 $2,289 3.09%
    Home Purchase 166 $34,050,000 $205,120 $3,547 3.56%
    Home Improvement 3 $365,000 $121,667 $324 5.01%
    Other 2 $100,000 $50,000 $493 8.14%

    For 2020, North Country's most frequently cited loan purpose was Cash Out Refi, with 309 originations. The 2nd most popular reason was Refi, with 222 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 366 $78,720,000 $215,082 $2,974 3.26%
    15 Year 224 $36,800,000 $164,286 $2,151 3.20%
    20 Year 73 $14,505,000 $198,699 $2,363 3.02%
    10 Year 16 $2,890,000 $180,625 $1,496 4.11%
    5 Year 14 $2,530,000 $180,714 $262 4.77%
    Other 9 $2,135,000 $237,222 $2,218 4.00%

    For 2020, North Country's most frequently cited loan duration was 30 Year, with 366 originations. The 2nd most popular length was 15 Year, with 224 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 544 $106,730,000 $196,195
    $1k-2k 62 $9,240,000 $149,032
    $2k-3k 30 $5,220,000 $174,000
    $3k-4k 14 $3,190,000 $227,857
    $4k-5k 5 $1,235,000 $247,000
    $5k+ 5 $1,965,000 $393,000

    North Country's average total fees were $2,974, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 544 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 295 $58,885,000 $199,610
    3-4% 232 $50,570,000 $217,974
    <2.5% 95 $17,035,000 $179,316
    4-5% 51 $8,515,000 $166,961
    5-6% 12 $1,780,000 $148,333
    Over 8% 9 $355,000 $39,444
    6-7% 6 $350,000 $58,333
    7-8% 2 $90,000 $45,000

    During 2020, North Country's average interest rate for loans was 3.26%, while their most frequently originated rate bucket for loans was 2.5-3%, with 295 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 329 $49,015,000 $148,982 $2,535 3.13%
    $200k-400k 250 $66,090,000 $264,360 $2,802 3.13%
    $100,000 or less 91 $5,815,000 $63,901 $1,917 4.20%
    $400k-600k 24 $11,050,000 $460,417 $4,273 3.07%
    $600k-1MM 8 $5,610,000 $701,250 $3,088 3.85%

    2020 saw North Country place emphasis on $100k-200k loans with 329 originations, totaling $49,015,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 160 $34,110,000 $213,188 $2,577 3.15%
    $50k-75k 160 $24,540,000 $153,375 $2,586 3.38%
    $75k-100k 121 $22,405,000 $185,165 $2,701 3.11%
    $50k or less 105 $13,025,000 $124,048 $2,597 3.55%
    $150k-250k 85 $23,015,000 $270,765 $2,804 3.11%
    $250k+ 18 $7,250,000 $402,778 $3,371 2.94%

    North Country lent most frequently to those with incomes in the $100k-150k range, with 160 originations. The second most popular income band? $50k-75k, with 160 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 172 $34,840,000 $202,558 $2,346 3.03%
    30-36% 158 $30,150,000 $190,823 $2,482 3.17%
    <20% 67 $13,055,000 $194,851 $2,553 3.00%
    37% 23 $4,285,000 $186,304 $2,771 3.11%
    44% 23 $4,605,000 $200,217 $3,383 3.55%
    38% 22 $4,470,000 $203,182 $2,982 3.31%
    40% 22 $4,120,000 $187,273 $2,768 3.70%
    39% 21 $4,115,000 $195,952 $2,660 3.14%
    41% 21 $4,025,000 $191,667 $3,103 3.26%
    42% 20 $2,970,000 $148,500 $2,567 3.41%
    43% 20 $3,120,000 $156,000 $2,186 3.69%
    47% 17 $3,575,000 $210,294 $3,005 3.29%
    >60% 17 $3,635,000 $213,824 $2,565 3.67%
    46% 17 $2,565,000 $150,882 $2,755 3.50%
    36% 16 $3,250,000 $203,125 $2,406 3.37%
    50-60% 15 $2,685,000 $179,000 $2,741 4.79%
    45% 14 $2,500,000 $178,571 $3,292 3.29%
    49% 11 $2,145,000 $195,000 $3,675 3.83%
    48% 8 $1,670,000 $208,750 $3,443 3.28%

    North Country lent most frequently to those with DTI ratios of 20-30%, with 172 originations. The next most common DTI ratio? 30-36%, with 158 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 588 $111,640,000 $189,864 $2,619 3.27%
    Not provided 80 $15,630,000 $195,375 $2,503 3.14%
    Not applicable 18 $5,800,000 $322,222 $0 4.13%
    Asian 11 $3,365,000 $305,909 $2,995 3.15%
    Black 3 $865,000 $288,333 $2,610 3.13%
    American Indian 2 $280,000 $140,000 $1,934 2.88%

    Approval Rates

    Total approvals of all applications
    78.75%

    North Country has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    12.11%

    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 702 $137,580,000 $195,983

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $2,780,000 $278,000
    Single Family (1-4 Units):Manufactured 9 $835,000 $92,778
    Single Family (1-4 Units):Site-Built 683 $133,965,000 $196,142

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 48 $5,800,000 $120,833 $2,075 3.05%
    40-60% 141 $23,265,000 $165,000 $2,268 3.07%
    60-80% 322 $70,890,000 $220,155 $2,573 3.15%
    80-100% 171 $36,615,000 $214,123 $3,332 3.40%
    Over 100% 1 $205,000 $205,000 $1,979 5.50%
    Under 20% 19 $805,000 $42,368 $453 6.30%

    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%