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

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

    North Country is a smaller mortgage company specializing in Cash Out Refi, Home Purchase, and Refi loans. North Country has a high proportion of conventional loans. Their top markets by origination volume include: Burlington, Barre, Lebanon, Charlotte, and Washington among others. We have data for 18 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

    595

    Origination Dollar Volume (All Markets)

    $123,455,000

    Awards

    NORTH COUNTRY 30 Year Conventional Loans gold NORTH COUNTRY 30 Year Conventional Loans silver
    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
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 206 $53,270,000 $258,592 $2,674 3.32%
    Outside of Metro Areas 241 $39,845,000 $165,332 $2,975 3.38%
    Barre, VT (FHA|USDA|VA) 100 $20,070,000 $200,700 $2,934 3.18%
    Lebanon, NH-VT (FHA|USDA|VA) 30 $5,740,000 $191,333 $3,369 3.31%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $945,000 $945,000 $3,428 2.88%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $685,000 $685,000 $4,304 2.38%
    Rutland, VT (FHA|USDA|VA) 4 $630,000 $157,500 $2,069 4.06%
    COLUMBIA, SC (FHA|USDA|VA) 2 $330,000 $165,000 $3,077 2.94%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $325,000 $325,000 $2,335 2.75%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $295,000 $295,000 $6,320 3.50%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $275,000 $275,000 $2,250 3.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $235,000 $235,000 $2,023 2.75%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $225,000 $225,000 $3,295 3.13%
    Augusta-Waterville, ME (FHA|USDA|VA) 1 $175,000 $175,000 $3,110 3.25%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $145,000 $145,000 $2,878 3.25%
    OCALA, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,686 2.50%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $85,000 $85,000 $2,473 2.50%
    Palatka, FL (FHA|USDA|VA) 1 $45,000 $45,000 $2,497 2.50%
    North Country's top markets include Burlington, Barre, Lebanon, Charlotte, and Washington among others.

    Their top states include:
  • Vermont (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Florida (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.

    Community National Bank
    Similarity Rank: 130
    ST. MARY'S BANK
    Similarity Rank: 184
    Northfield Savings Bank
    Similarity Rank: 380
    Northway Bank
    Similarity Rank: 405
    Vermont Federal Credit Union
    Similarity Rank: 408
    Meredith Village Savings Bank
    Similarity Rank: 570
    ONE Credit Union
    Similarity Rank: 735
    Bar Harbor Bank & Trust
    Similarity Rank: 817
    Bangor Savings Bank
    Similarity Rank: 850
    NEW ENGLAND FEDERAL CREDIT UNION
    Similarity Rank: 935

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 595 $123,455,000 $207,487 $2,891 3.32%

    For 2021, North Country's most frequently originated type of loan was Conventional, with 595 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 250 $56,770,000 $227,080 $2,763 3.18%
    Home Purchase 177 $36,655,000 $207,090 $3,535 3.66%
    Refi 163 $29,765,000 $182,607 $2,401 3.01%
    Home Improvement 3 $165,000 $55,000 $0 6.59%
    Other 2 $100,000 $50,000 $0 10.24%

    For 2021, North Country's most frequently cited loan purpose was Cash Out Refi, with 250 originations. The 2nd most popular reason was Home Purchase, with 177 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 318 $70,200,000 $220,755 $3,180 3.35%
    15 Year 173 $28,665,000 $165,694 $2,512 3.21%
    20 Year 67 $13,075,000 $195,149 $2,537 3.02%
    10 Year 21 $7,995,000 $380,714 $1,167 4.37%
    Other 11 $2,445,000 $222,273 $1,947 3.39%
    5 Year 5 $1,075,000 $215,000 $403 4.08%

    For 2021, North Country's most frequently cited loan duration was 30 Year, with 318 originations. The 2nd most popular length was 15 Year, with 173 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 412 $84,250,000 $204,490
    $1k-2k 68 $10,110,000 $148,676
    $2k-3k 30 $7,070,000 $235,667
    $3k-4k 16 $3,980,000 $248,750
    $4k-5k 7 $2,215,000 $316,429
    $5k+ 2 $1,280,000 $640,000

    North Country's average total fees were $3,180, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 412 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 212 $50,950,000 $240,330
    2.5-3% 210 $45,040,000 $214,476
    <2.5% 100 $17,400,000 $174,000
    4-5% 52 $8,930,000 $171,731
    Over 8% 10 $370,000 $37,000
    6-7% 5 $455,000 $91,000
    7-8% 3 $135,000 $45,000
    5-6% 3 $175,000 $58,333

    During 2021, North Country's average interest rate for loans was 3.35%, while their most frequently originated rate bucket for loans was 3-4%, with 212 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 249 $36,755,000 $147,610 $2,771 3.16%
    $200k-400k 208 $56,640,000 $272,308 $3,126 3.12%
    $100,000 or less 100 $6,680,000 $66,800 $2,331 4.16%
    $400k-600k 23 $10,855,000 $471,957 $3,873 3.12%
    $600k-1MM 13 $9,565,000 $735,769 $3,762 3.33%
    $1MM+ 2 $2,960,000 $1,480,000 $0 3.63%

    2021 saw North Country place emphasis on $100k-200k loans with 249 originations, totaling $36,755,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 132 $29,460,000 $223,182 $2,988 3.05%
    $50k-75k 123 $19,135,000 $155,569 $2,898 3.57%
    $75k-100k 100 $19,290,000 $192,900 $2,800 3.06%
    $50k or less 99 $11,075,000 $111,869 $2,869 3.81%
    $150k-250k 70 $19,610,000 $280,143 $3,207 3.15%
    $250k+ 18 $10,000,000 $555,556 $3,566 2.79%

    North Country lent most frequently to those with incomes in the $100k-150k range, with 132 originations. The second most popular income band? $50k-75k, with 123 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 132 $26,930,000 $204,015 $2,741 3.01%
    30-36% 102 $21,400,000 $209,804 $2,841 3.23%
    <20% 54 $12,010,000 $222,407 $2,487 3.00%
    50-60% 28 $5,420,000 $193,571 $3,378 3.78%
    41% 27 $5,235,000 $193,889 $3,227 3.57%
    36% 24 $4,790,000 $199,583 $3,131 3.43%
    37% 23 $4,905,000 $213,261 $2,766 3.24%
    43% 23 $4,205,000 $182,826 $2,939 3.63%
    42% 18 $2,810,000 $156,111 $2,718 3.99%
    40% 17 $3,015,000 $177,353 $2,770 3.01%
    44% 16 $2,060,000 $128,750 $2,900 3.90%
    >60% 16 $3,240,000 $202,500 $3,413 3.35%
    47% 15 $2,625,000 $175,000 $2,853 3.98%
    38% 14 $2,810,000 $200,714 $3,037 3.55%
    48% 13 $2,655,000 $204,231 $2,848 3.10%
    46% 13 $3,375,000 $259,615 $3,608 3.12%
    45% 12 $2,270,000 $189,167 $2,955 3.74%
    49% 10 $2,970,000 $297,000 $3,226 3.31%
    39% 8 $1,450,000 $181,250 $2,623 2.94%

    North Country lent most frequently to those with DTI ratios of 20-30%, with 132 originations. The next most common DTI ratio? 30-36%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 472 $94,900,000 $201,059 $2,894 3.27%
    Not provided 81 $17,305,000 $213,642 $2,897 3.34%
    Not applicable 28 $8,940,000 $319,286 $0 3.61%
    Black 6 $1,140,000 $190,000 $2,969 3.21%
    Asian 5 $975,000 $195,000 $2,473 5.11%
    American Indian 3 $195,000 $65,000 $2,794 3.50%

    Approval Rates

    Total approvals of all applications
    74.11%

    North Country has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    36.30%

    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 595 $123,455,000 $207,487

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    595 $123,455,000 $207,487

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $5,850,000 $117,000 $2,208 3.04%
    40-60% 125 $22,795,000 $182,360 $2,678 3.04%
    60-80% 282 $64,610,000 $229,113 $2,967 3.34%
    80-100% 125 $29,685,000 $237,480 $3,402 3.33%
    Over 100% 1 $125,000 $125,000 $2,313 5.00%
    Under 20% 12 $390,000 $32,500 $742 6.30%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    NORTHSTAR FUNDING INC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%