Norwich Commercial Group Mortgage Rates, Fees & Info
AVON, CTLEI: 549300T5QSL6MC8M4D04
Tax ID: 22-2894356
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Mortgage Data
Review & Overview
Norwich Commercial Group is a small mortgage company specializing in Home Purchase loans. Norwich Commercial Group has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: New York, Poughkeepsie, Boston, Phoenix, and Washington among others. We have data for 199 markets. (Some data included below & more in-depth data is available with an active subscription.)Norwich Commercial Group 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. Norwich Commercial Group is typically an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.72% | 4/5/25 |
| 30 Year Conventional Refi | 7.03% | 4/5/25 |
| 30 Year FHA Purchase | 7.20% | 4/5/25 |
| 30 Year FHA Refi | 6.95% | 4/5/25 |
| 30 Year VA Purchase | 6.30% | 4/5/25 |
| 30 Year VA Refi | 6.17% | 4/5/25 |
| 30 Year USDA Purchase | 6.80% | 4/5/25 |
| 30 Year USDA Refi | 6.72% | 4/5/25 |
| 15 Year Conventional Purchase | 3.59% | 4/5/25 |
| 15 Year Conventional Refi | 6.14% | 4/5/25 |
| 15 Year Cash-out Refi | 6.14% | 4/5/25 |
| 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. | ||
Norwich Commercial Group Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Norwich Commercial Group. 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
3,028Origination Dollar Volume (All Markets)
$1,208,600,000Awards
NORWICH COMMERCIAL GROUP - 2024
NORWICH COMMERCIAL GROUP is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Norwich Commercial Group's average 30 year fixed mortgage rate was
6.56%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.01%.
Relative Fees (Closing Costs)
Norwich Commercial Group's average total fees/closing costs for a 30 year fixed rate
mortgage were $10,828.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 878 | $518,110,000 | $590,103 | $15,015 | 6.78% |
| Outside of Metro Areas | 681 | $149,375,000 | $219,347 | $6,993 | 5.26% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 277 | $127,805,000 | $461,390 | $11,110 | 7.18% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 100 | $35,310,000 | $353,100 | $7,012 | 5.62% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 61 | $25,325,000 | $415,164 | $10,411 | 6.35% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 34 | $17,360,000 | $510,588 | $16,214 | 6.40% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 64 | $16,750,000 | $261,719 | $7,926 | 6.21% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 48 | $15,620,000 | $325,417 | $12,284 | 6.46% |
| FRESNO, CA (FHA|USDA|VA) | 37 | $14,455,000 | $390,676 | $7,564 | 6.60% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 32 | $12,990,000 | $405,938 | $12,876 | 6.29% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 29 | $11,995,000 | $413,621 | $6,090 | 6.92% |
| MADERA, CA (FHA|USDA|VA) | 28 | $11,370,000 | $406,071 | $12,023 | 5.96% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 31 | $10,925,000 | $352,419 | $10,321 | 6.29% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 18 | $10,660,000 | $592,222 | $9,964 | 6.65% |
| LOUISVILLE, KY (FHA|USDA|VA) | 34 | $9,830,000 | $289,118 | $4,544 | 6.35% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 23 | $8,835,000 | $384,130 | $9,247 | 6.54% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 34 | $8,760,000 | $257,647 | $7,061 | 5.37% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 34 | $8,750,000 | $257,353 | $6,825 | 4.96% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 20 | $7,480,000 | $374,000 | $8,340 | 5.70% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 16 | $6,480,000 | $405,000 | $8,665 | 6.70% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 12 | $6,410,000 | $534,167 | $10,429 | 6.60% |
| PITTSBURGH, PA (FHA|USDA|VA) | 21 | $6,235,000 | $296,905 | $8,648 | 6.93% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 8 | $4,950,000 | $618,750 | $13,963 | 6.42% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 9 | $4,375,000 | $486,111 | $13,491 | 6.15% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 7 | $4,225,000 | $603,571 | $8,180 | 5.77% |
| LaGrange, GA-AL (FHA|USDA|VA) | 21 | $4,175,000 | $198,810 | $4,010 | 6.46% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 11 | $4,095,000 | $372,273 | $12,725 | 6.23% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 11 | $3,995,000 | $363,182 | $9,608 | 5.97% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 10 | $3,800,000 | $380,000 | $8,064 | 5.76% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 8 | $3,790,000 | $473,750 | $13,360 | 6.45% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 5 | $3,675,000 | $735,000 | $18,971 | 6.08% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 7 | $3,535,000 | $505,000 | $7,277 | 5.46% |
| KINGSTON, NY (FHA|USDA|VA) | 8 | $3,480,000 | $435,000 | $14,658 | 7.42% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 12 | $3,460,000 | $288,333 | $4,332 | 6.31% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 10 | $3,420,000 | $342,000 | $8,189 | 5.83% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $3,340,000 | $556,667 | $6,573 | 6.58% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 8 | $3,290,000 | $411,250 | $14,112 | 6.03% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 10 | $2,730,000 | $273,000 | $7,840 | 6.91% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 9 | $2,575,000 | $286,111 | $9,510 | 6.47% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 8 | $2,400,000 | $300,000 | $7,423 | 6.23% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 5 | $2,395,000 | $479,000 | $12,071 | 5.88% |
| TUCSON, AZ (FHA|USDA|VA) | 5 | $2,305,000 | $461,000 | $7,700 | 6.12% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 5 | $2,255,000 | $451,000 | $7,420 | 6.55% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 6 | $2,250,000 | $375,000 | $8,070 | 6.88% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 6 | $2,230,000 | $371,667 | $7,763 | 6.27% |
| SAVANNAH, GA (FHA|USDA|VA) | 6 | $2,070,000 | $345,000 | $9,762 | 6.40% |
| ALTOONA, PA (FHA|USDA|VA) | 10 | $1,980,000 | $198,000 | $8,908 | 6.96% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 7 | $1,965,000 | $280,714 | $8,491 | 5.52% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 6 | $1,940,000 | $323,333 | $7,262 | 6.50% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 5 | $1,865,000 | $373,000 | $10,512 | 7.05% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $1,785,000 | $595,000 | $6,619 | 6.29% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 5 | $1,645,000 | $329,000 | $8,982 | 7.13% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 4 | $1,620,000 | $405,000 | $13,314 | 6.06% |
| Indiana, PA (FHA|USDA|VA) | 12 | $1,580,000 | $131,667 | $6,264 | 7.16% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $1,570,000 | $392,500 | $5,924 | 6.22% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $1,465,000 | $488,333 | $8,348 | 5.83% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 5 | $1,345,000 | $269,000 | $5,890 | 6.15% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 5 | $1,345,000 | $269,000 | $5,555 | 6.13% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $9,574 | 6.29% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 7 | $1,265,000 | $180,714 | $7,107 | 7.05% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 2 | $1,260,000 | $630,000 | $5,642 | 6.19% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $8,911 | 6.98% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $15,751 | 6.75% |
| MOBILE, AL (FHA|USDA|VA) | 6 | $1,240,000 | $206,667 | $4,198 | 6.38% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $10,880 | 6.25% |
| Lebanon, NH-VT (FHA|USDA|VA) | 5 | $1,205,000 | $241,000 | $5,449 | 6.63% |
| RICHMOND, VA (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $5,686 | 6.31% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $1,145,000 | $229,000 | $3,825 | 5.28% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $10,134 | 6.83% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $1,130,000 | $565,000 | $9,505 | 6.56% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $9,483 | 6.81% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $6,511 | 7.13% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $5,003 | 6.71% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $4,607 | 6.63% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $5,116 | 6.99% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $7,545 | 6.25% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $0 | 7.58% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $7,558 | 5.88% |
| HINESVILLE, GA (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $8,354 | 6.25% |
| Berlin, NH (FHA|USDA|VA) | 6 | $860,000 | $143,333 | $5,528 | 4.88% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $10,868 | 7.13% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $3,109 | 7.00% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $5,160 | 5.92% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $15,782 | 6.25% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 5 | $795,000 | $159,000 | $9,763 | 7.05% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $12,314 | 6.79% |
| Payson, AZ (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $8,541 | 6.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $6,838 | 7.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $9,133 | 5.88% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $7,370 | 5.94% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $12,343 | 6.13% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $5,557 | 6.66% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $8,383 | 7.54% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $4,085 | 5.75% |
| Thomaston, GA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $1,253 | 6.75% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $13,741 | 5.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $9,199 | 6.63% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $8,226 | 7.38% |
| Hudson, NY (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $13,853 | 6.38% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $7,252 | 7.08% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $15,413 | 6.25% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $14,551 | 6.19% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $9,837 | 6.88% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $10,371 | 6.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $5,981 | 6.25% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $12,600 | 6.88% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $13,831 | 6.25% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $8,100 | 4.79% |
| Huntingdon, PA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $12,626 | 6.69% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $17,652 | 5.63% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,270 | 6.31% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $1,253 | 6.25% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,128 | 5.63% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,507 | 6.88% |
| ENID, OK (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $8,690 | 5.94% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $17,790 | 6.75% |
| FLORENCE, SC (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $8,139 | 6.00% |
| Dublin, GA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,384 | 6.25% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $2,378 | 5.75% |
| OCALA, FL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $7,431 | 4.17% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $16,138 | 6.25% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $9,655 | 6.13% |
| MADISON, WI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $8,320 | 5.75% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $16,509 | 5.63% |
| Montrose, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $16,288 | 5.75% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 6.25% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $7,930 | 5.25% |
| Meridian, MS (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $16,211 | 6.25% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $6,421 | 5.50% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $16,638 | 6.13% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $11,308 | 6.25% |
| SALEM, OR (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $8,009 | 6.25% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,118 | 6.25% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 5.25% |
| Centralia, WA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,459 | 6.25% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,339 | 6.13% |
| Scottsburg, IN (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $6,389 | 5.50% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $1,568 | 6.88% |
| Mount Sterling, KY (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,148 | 6.63% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,168 | 6.25% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,957 | 5.75% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,207 | 7.25% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $13,688 | 5.75% |
| Keene, NH (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,165 | 6.63% |
| BINGHAMTON, NY (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $7,228 | 6.81% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $16,856 | 5.75% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $16,776 | 5.25% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,514 | 7.50% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,047 | 6.63% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 5.88% |
| Laconia, NH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,516 | 6.13% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,928 | 5.25% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,336 | 6.25% |
| Richmond-Berea, KY (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,253 | 6.75% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,846 | 6.25% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,301 | 7.50% |
| Del Rio, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,775 | 6.25% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,475 | 7.25% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,511 | 6.13% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $12,996 | 6.75% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,062 | 6.25% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $10,055 | 7.38% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,042 | 6.00% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,483 | 7.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,313 | 6.25% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 7.63% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,194 | 6.25% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,356 | 6.25% |
| Waycross, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,951 | 6.25% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $10,191 | 6.25% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $6,979 | 7.00% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,571 | 6.63% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,685 | 6.50% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,662 | 6.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,610 | 7.75% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,733 | 7.63% |
| TULSA, OK (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,336 | 7.25% |
| Mount Vernon, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,972 | 7.75% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,462 | 5.25% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,253 | 6.88% |
| Vidalia, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,369 | 7.25% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,536 | 6.00% |
| Jesup, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,289 | 7.25% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,006 | 6.25% |
| Corning, NY (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $2,213 | 3.25% |
| Sayre, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,231 | 6.75% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,732 | 6.25% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,883 | 6.75% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,609 | 7.25% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,784 | 6.63% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,609 | 6.75% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,040 | 6.25% |
| ELMIRA, NY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,569 | 7.63% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,860 | 7.38% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,421 | 5.50% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,346 | 7.25% |
| Americus, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,319 | 6.50% |
| Oil City, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,202 | 6.75% |
| Selma, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,683 | 8.13% |
Their top states include:
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Product Mix
For 2024, Norwich Commercial Group's most frequently originated type of loan was Conventional, with 2,189 originations. Their 2nd most popular type was FHA, with 574 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 2,625 | $1,021,515,000 | $389,149 | $10,094 | 6.19% |
| Refi | 403 | $187,085,000 | $464,231 | $11,155 | 6.74% |
For 2024, Norwich Commercial Group's most frequently cited loan purpose was Home Purchase, with 2,625 originations. The 2nd most popular reason was Refi, with 403 originations.
Loan Duration/Length
For 2024, Norwich Commercial Group's most frequently cited loan duration was 30 Year, with 2,855 originations. The 2nd most popular length was 10 Year, with 127 originations.
Origination Fees/Closing Costs
Norwich Commercial Group's average total fees were $10,828, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 933 originations.
Interest Rates
During 2024, Norwich Commercial Group's average interest rate for loans was 6.56%, while their most frequently originated rate bucket for loans was 6-7%, with 1,593 originations.
Loan Sizing
2024 saw Norwich Commercial Group place emphasis on $200k-400k loans with 1,136 originations, totaling $344,910,000 in origination value.
Applicant Income
Norwich Commercial Group lent most frequently to those with incomes in the $100k-150k range, with 814 originations. The second most popular income band? $75k-100k, with 614 originations.
Applicant Debt to Income Ratio
Norwich Commercial Group lent most frequently to those with DTI ratios of 30-36%, with 364 originations. The next most common DTI ratio? 49%, with 285 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.15%
Norwich Commercial Group has an average approval rate.
Pick Rate
Approvals leading to origination77.11%
Norwich Commercial Group has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,028 | $1,208,600,000 | $399,141 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3,028 | $1,208,600,000 | $399,141 |