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 and Refi 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: Hartford, Portland, Providence, New Haven, and Worcester among others. We have data for 121 markets. (Some data included below & more in-depth data is available with an active subscription.)Norwich Commercial Group has an above 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 | 6.26% | 12/2/24 |
| 30 Year Conventional Refi | 6.57% | 12/2/24 |
| 30 Year FHA Purchase | 7.32% | 12/2/24 |
| 30 Year FHA Refi | 7.31% | 12/2/24 |
| 30 Year VA Purchase | 6.22% | 12/2/24 |
| 30 Year VA Refi | 6.50% | 12/2/24 |
| 30 Year USDA Purchase | 6.66% | 12/2/24 |
| 30 Year USDA Refi | 6.27% | 12/2/24 |
| 15 Year Conventional Purchase | 4.68% | 12/2/24 |
| 15 Year Conventional Refi | 5.94% | 12/2/24 |
| 15 Year Cash-out Refi | 5.94% | 12/2/24 |
| 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. | ||
Norwich Commercial Group Mortgage Calculator
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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
5,936Origination Dollar Volume (All Markets)
$1,478,090,000Awards
NORWICH COMMERCIAL GROUP - 2020
NORWICH COMMERCIAL GROUP is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1,455 | $349,755,000 | $240,381 | $4,925 | 3.11% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 537 | $145,885,000 | $271,667 | $4,302 | 3.23% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 409 | $108,635,000 | $265,611 | $4,976 | 3.28% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 468 | $101,740,000 | $217,393 | $5,168 | 3.19% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 357 | $86,405,000 | $242,031 | $5,394 | 3.39% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 308 | $81,460,000 | $264,481 | $6,616 | 3.58% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 231 | $78,285,000 | $338,896 | $5,526 | 3.24% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 332 | $75,790,000 | $228,283 | $4,941 | 3.14% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 305 | $67,285,000 | $220,607 | $5,336 | 3.09% |
| Torrington, CT (FHA|USDA|VA) | 276 | $59,770,000 | $216,558 | $5,419 | 3.18% |
| Outside of Metro Areas | 181 | $57,245,000 | $316,271 | $9,735 | 3.27% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 134 | $47,720,000 | $356,119 | $7,689 | 3.40% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 155 | $46,785,000 | $301,839 | $6,150 | 3.20% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 57 | $17,885,000 | $313,772 | $5,518 | 3.12% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 83 | $17,145,000 | $206,566 | $4,388 | 3.11% |
| ALTOONA, PA (FHA|USDA|VA) | 103 | $12,525,000 | $121,602 | $5,351 | 3.59% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 50 | $11,520,000 | $230,400 | $5,435 | 3.30% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 48 | $9,790,000 | $203,958 | $5,403 | 3.16% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 18 | $7,340,000 | $407,778 | $7,355 | 2.85% |
| Indiana, PA (FHA|USDA|VA) | 45 | $6,445,000 | $143,222 | $6,415 | 3.49% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 28 | $5,840,000 | $208,571 | $4,729 | 3.38% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 11 | $5,035,000 | $457,727 | $6,027 | 3.23% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 15 | $4,785,000 | $319,000 | $5,955 | 3.58% |
| PITTSBURGH, PA (FHA|USDA|VA) | 25 | $4,635,000 | $185,400 | $7,004 | 3.53% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 16 | $4,220,000 | $263,750 | $5,103 | 3.19% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 15 | $3,165,000 | $211,000 | $3,355 | 2.74% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 15 | $3,095,000 | $206,333 | $6,071 | 3.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 10 | $2,530,000 | $253,000 | $5,962 | 3.08% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 9 | $2,505,000 | $278,333 | $5,612 | 3.14% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $2,480,000 | $620,000 | $12,237 | 2.97% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 11 | $2,465,000 | $224,091 | $4,759 | 3.03% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 8 | $2,350,000 | $293,750 | $3,294 | 2.94% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 8 | $2,240,000 | $280,000 | $4,764 | 2.78% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 22 | $2,180,000 | $99,091 | $4,518 | 4.03% |
| KNOXVILLE, TN (FHA|USDA|VA) | 6 | $2,140,000 | $356,667 | $11,734 | 3.94% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $1,690,000 | $281,667 | $5,144 | 2.96% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $1,605,000 | $321,000 | $5,210 | 4.15% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 11 | $1,555,000 | $141,364 | $5,679 | 4.58% |
| Key West, FL (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $4,260 | 2.92% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $5,835 | 3.69% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $6,505 | 3.06% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $5,895 | 3.21% |
| Lebanon, NH-VT (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $6,189 | 3.69% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $3,567 | 3.09% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $2,254 | 2.83% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 7 | $935,000 | $133,571 | $5,801 | 3.77% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $5,976 | 3.41% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $4,897 | 2.88% |
| Concord, NH (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $5,696 | 3.63% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $5,685 | 2.83% |
| LYNCHBURG, VA (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $6,769 | 2.79% |
| Somerset, PA (FHA|USDA|VA) | 7 | $745,000 | $106,429 | $5,673 | 4.27% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $2,852 | 2.79% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $5,297 | 3.06% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $4,303 | 3.75% |
| Keene, NH (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $4,646 | 3.29% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $4,542 | 3.63% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $1,693 | 3.25% |
| GETTYSBURG, PA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $12,562 | 3.44% |
| CHICO, CA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $7,966 | 3.13% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $7,145 | 2.88% |
| BANGOR, ME (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $5,916 | 2.71% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,413 | 2.88% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,849 | 2.50% |
| THE VILLAGES, FL (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $3,202 | 3.58% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $7,395 | 3.38% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,391 | 3.25% |
| FLORENCE, SC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $7,295 | 6.38% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,237 | 3.63% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $7,193 | 3.19% |
| Orangeburg, SC (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $5,443 | 3.63% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,009 | 3.13% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $5,068 | 3.06% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,543 | 2.88% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,660 | 3.19% |
| Easton, MD (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,825 | 3.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,018 | 3.13% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,658 | 3.38% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,780 | 2.88% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,341 | 3.13% |
| PITTSFIELD, MA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,647 | 3.25% |
| Laconia, NH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,597 | 2.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,558 | 3.25% |
| DuBois, PA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $5,414 | 4.56% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,703 | 2.88% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,966 | 3.25% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,637 | 6.88% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $5,052 | 2.88% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,836 | 2.88% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,985 | 3.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,690 | 2.75% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,334 | 2.88% |
| Bennington, VT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,036 | 2.75% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,665 | 2.75% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,158 | 2.50% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,213 | 3.25% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,263 | 6.75% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,910 | 3.13% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,535 | 3.88% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,804 | 2.63% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $4,723 | 4.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,725 | 3.25% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,395 | 3.13% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,508 | 2.63% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,496 | 2.88% |
| Dayton, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,427 | 3.13% |
| MADISON, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,655 | 5.25% |
| Lewistown, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,494 | 3.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,879 | 2.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,507 | 5.75% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,189 | 5.75% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,452 | 3.25% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,424 | 3.25% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,849 | 4.75% |
| Wabash, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,835 | 3.38% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,786 | 4.75% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,864 | 3.25% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,179 | 4.75% |
| Seneca Falls, NY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,429 | 4.25% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,685 | 4.63% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,826 | 2.88% |
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Product Mix
For 2020, Norwich Commercial Group's most frequently originated type of loan was Conventional, with 4,487 originations. Their 2nd most popular type was FHA, with 1,028 originations.
Loan Reason
For 2020, Norwich Commercial Group's most frequently cited loan purpose was Home Purchase, with 3,163 originations. The 2nd most popular reason was Refi, with 2,772 originations.
Loan Duration/Length
For 2020, Norwich Commercial Group's most frequently cited loan duration was 30 Year, with 4,869 originations. The 2nd most popular length was 15 Year, with 628 originations.
Origination Fees/Closing Costs
Norwich Commercial Group's average total fees were $5,744, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,495 originations.
Interest Rates
During 2020, Norwich Commercial Group's average interest rate for loans was 3.29%, while their most frequently originated rate bucket for loans was 3-4%, with 2,707 originations.
Loan Sizing
2020 saw Norwich Commercial Group place emphasis on $200k-400k loans with 3,238 originations, totaling $899,670,000 in origination value.
Applicant Income
Norwich Commercial Group lent most frequently to those with incomes in the $50k-75k range, with 1,493 originations. The second most popular income band? $100k-150k, with 1,274 originations.
Applicant Debt to Income Ratio
Norwich Commercial Group lent most frequently to those with DTI ratios of 20-30%, with 1,308 originations. The next most common DTI ratio? 30-36%, with 1,130 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.75%
Norwich Commercial Group has an average approval rate.
Pick Rate
Approvals leading to origination88.26%
Norwich Commercial Group has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,936 | $1,478,090,000 | $249,004 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 13 | $1,865,000 | $143,462 |
| Single Family (1-4 Units):Site-Built | 5,923 | $1,476,225,000 | $249,236 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Norwich Commercial Group, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 66.7% |
| Norwich Commercial Group, Inc. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |