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, New Haven, Providence, and Baltimore among others. We have data for 139 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% | 4/28/24 |
| 30 Year Conventional Refi | 6.57% | 4/28/24 |
| 30 Year FHA Purchase | 7.32% | 4/28/24 |
| 30 Year FHA Refi | 7.31% | 4/28/24 |
| 30 Year VA Purchase | 6.22% | 4/28/24 |
| 30 Year VA Refi | 6.50% | 4/28/24 |
| 30 Year USDA Purchase | 6.66% | 4/28/24 |
| 30 Year USDA Refi | 6.27% | 4/28/24 |
| 15 Year Conventional Purchase | 4.68% | 4/28/24 |
| 15 Year Conventional Refi | 5.94% | 4/28/24 |
| 15 Year Cash-out Refi | 5.94% | 4/28/24 |
| 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,535Origination Dollar Volume (All Markets)
$1,137,615,000Awards
NORWICH COMMERCIAL GROUP - 2021
NORWICH COMMERCIAL GROUP is a 2021 , due to their low .
For 2021, 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) | 1,138 | $273,760,000 | $240,562 | $5,380 | 3.11% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 333 | $97,085,000 | $291,547 | $4,649 | 3.26% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 392 | $88,750,000 | $226,403 | $5,899 | 3.10% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 250 | $71,070,000 | $284,280 | $6,000 | 3.17% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 230 | $62,550,000 | $271,957 | $7,463 | 3.35% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 224 | $59,850,000 | $267,188 | $6,030 | 3.32% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 263 | $59,355,000 | $225,684 | $5,379 | 3.05% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 261 | $59,225,000 | $226,916 | $5,308 | 3.03% |
| Torrington, CT (FHA|USDA|VA) | 246 | $54,920,000 | $223,252 | $5,140 | 3.13% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 137 | $49,125,000 | $358,577 | $9,169 | 3.38% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 129 | $39,435,000 | $305,698 | $6,700 | 3.22% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 94 | $37,130,000 | $395,000 | $6,904 | 3.29% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 72 | $17,700,000 | $245,833 | $5,200 | 3.09% |
| Outside of Metro Areas | 76 | $14,680,000 | $193,158 | $5,160 | 3.16% |
| ALTOONA, PA (FHA|USDA|VA) | 98 | $13,330,000 | $136,020 | $5,640 | 3.37% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 41 | $10,175,000 | $248,171 | $6,713 | 3.24% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 18 | $7,830,000 | $435,000 | $8,881 | 3.07% |
| Indiana, PA (FHA|USDA|VA) | 61 | $7,785,000 | $127,623 | $6,611 | 3.64% |
| PITTSBURGH, PA (FHA|USDA|VA) | 38 | $6,790,000 | $178,684 | $6,339 | 3.58% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 14 | $5,980,000 | $427,143 | $7,734 | 2.95% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 16 | $5,490,000 | $343,125 | $5,254 | 2.88% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 18 | $5,000,000 | $277,778 | $9,338 | 3.08% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 18 | $4,300,000 | $238,889 | $5,593 | 3.28% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 13 | $4,185,000 | $321,923 | $5,741 | 2.96% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 14 | $3,930,000 | $280,714 | $6,694 | 3.05% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 16 | $3,590,000 | $224,375 | $4,325 | 3.01% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 15 | $3,355,000 | $223,667 | $5,716 | 3.27% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 14 | $3,300,000 | $235,714 | $4,013 | 2.86% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 14 | $3,290,000 | $235,000 | $4,840 | 2.93% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 9 | $3,075,000 | $341,667 | $5,191 | 2.99% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 24 | $2,830,000 | $117,917 | $5,453 | 3.23% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 12 | $2,460,000 | $205,000 | $4,866 | 3.09% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 6 | $2,200,000 | $366,667 | $6,568 | 2.92% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 8 | $2,120,000 | $265,000 | $4,451 | 2.72% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $2,050,000 | $341,667 | $7,192 | 3.17% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 7 | $1,835,000 | $262,143 | $5,261 | 3.43% |
| STOCKTON, CA (FHA|USDA|VA) | 4 | $1,630,000 | $407,500 | $7,849 | 2.97% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,580,000 | $790,000 | $7,283 | 3.19% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 4 | $1,550,000 | $387,500 | $5,630 | 3.56% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 5 | $1,515,000 | $303,000 | $6,483 | 3.23% |
| RICHMOND, VA (FHA|USDA|VA) | 7 | $1,475,000 | $210,714 | $4,943 | 3.02% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 8 | $1,420,000 | $177,500 | $6,101 | 3.89% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 5 | $1,365,000 | $273,000 | $5,963 | 3.40% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 4 | $1,320,000 | $330,000 | $5,230 | 3.66% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $2,960 | 3.28% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $4,463 | 3.20% |
| Somerset, PA (FHA|USDA|VA) | 7 | $1,135,000 | $162,143 | $6,647 | 3.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 7 | $1,035,000 | $147,857 | $4,291 | 3.05% |
| Huntingdon, PA (FHA|USDA|VA) | 7 | $985,000 | $140,714 | $5,130 | 3.29% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $7,325 | 3.31% |
| Lebanon, NH-VT (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $6,086 | 3.96% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $5,131 | 2.81% |
| Concord, NH (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $6,483 | 3.33% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $7,871 | 2.94% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $3,836 | 2.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 5 | $695,000 | $139,000 | $4,827 | 3.65% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $4,527 | 3.46% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $4,427 | 3.63% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $5,677 | 2.94% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $3,788 | 2.92% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $4,169 | 3.19% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $6,770 | 2.88% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $4,802 | 2.83% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $2,186 | 3.06% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,818 | 3.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $13,581 | 2.63% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $3,491 | 4.13% |
| WILMINGTON, NC (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $2,713 | 3.08% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $5,733 | 2.88% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $8,997 | 3.44% |
| LANCASTER, PA (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $5,056 | 3.13% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $11,505 | 3.25% |
| OCALA, FL (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $5,913 | 3.04% |
| Clewiston, FL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $6,613 | 3.38% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $13,482 | 3.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,228 | 2.75% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,090 | 2.69% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,747 | 3.50% |
| Laconia, NH (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,070 | 2.81% |
| BANGOR, ME (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,725 | 3.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,173 | 2.88% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $8,642 | 3.19% |
| DuBois, PA (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $6,063 | 3.50% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $13,596 | 5.13% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $16,874 | 3.13% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,782 | 2.75% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $2,858 | 2.50% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,393 | 3.13% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,512 | 3.13% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,542 | 2.38% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,236 | 5.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,684 | 2.63% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,215 | 3.25% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,361 | 5.25% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,361 | 2.63% |
| ERIE, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,627 | 3.38% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,223 | 3.38% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,666 | 3.38% |
| Rutland, VT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,017 | 4.25% |
| Ashland, OH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,644 | 3.38% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,857 | 3.25% |
| Washington, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,008 | 3.75% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,436 | 3.25% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,271 | 3.25% |
| Easton, MD (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,041 | 3.63% |
| AKRON, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,669 | 5.13% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 3.38% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,280 | 3.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,056 | 3.25% |
| Keene, NH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,533 | 2.88% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,538 | 2.88% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,448 | 2.75% |
| Douglas, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,610 | 3.50% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,980 | 3.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,397 | 2.75% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,369 | 2.75% |
| Berlin, NH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,626 | 3.25% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,133 | 3.13% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,364 | 3.25% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,004 | 3.00% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,173 | 3.13% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,029 | 2.75% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,855 | 3.00% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,788 | 3.25% |
| Richmond, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,434 | 2.75% |
| MADERA, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,882 | 2.88% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,807 | 2.25% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,510 | 2.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,335 | 2.88% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,341 | 3.13% |
| Big Stone Gap, VA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,877 | 4.50% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,781 | 3.50% |
| Scottsburg, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,721 | 4.25% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,501 | 3.38% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,655 | 3.13% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,367 | 3.63% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,228 | 4.25% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,141 | 4.00% |
| New Castle, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,606 | 3.75% |
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Product Mix
For 2021, Norwich Commercial Group's most frequently originated type of loan was Conventional, with 3,423 originations. Their 2nd most popular type was FHA, with 868 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 2,754 | $691,760,000 | $251,184 | $6,446 | 3.25% |
| Refi | 1,781 | $445,855,000 | $250,340 | $4,779 | 3.07% |
For 2021, Norwich Commercial Group's most frequently cited loan purpose was Home Purchase, with 2,754 originations. The 2nd most popular reason was Refi, with 1,781 originations.
Loan Duration/Length
For 2021, Norwich Commercial Group's most frequently cited loan duration was 30 Year, with 3,856 originations. The 2nd most popular length was 15 Year, with 411 originations.
Origination Fees/Closing Costs
Norwich Commercial Group's average total fees were $6,118, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,430 originations.
Interest Rates
During 2021, Norwich Commercial Group's average interest rate for loans was 3.23%, while their most frequently originated rate bucket for loans was 3-4%, with 2,329 originations.
Loan Sizing
2021 saw Norwich Commercial Group place emphasis on $200k-400k loans with 2,446 originations, totaling $674,930,000 in origination value.
Applicant Income
Norwich Commercial Group lent most frequently to those with incomes in the $50k-75k range, with 1,272 originations. The second most popular income band? $100k-150k, with 923 originations.
Applicant Debt to Income Ratio
Norwich Commercial Group lent most frequently to those with DTI ratios of 20-30%, with 965 originations. The next most common DTI ratio? 30-36%, with 850 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.16%
Norwich Commercial Group has an average approval rate.
Pick Rate
Approvals leading to origination87.14%
Norwich Commercial Group has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,535 | $1,137,615,000 | $250,852 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4,535 | $1,137,615,000 | $250,852 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Norwich Commercial Group, Inc. | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |
| Norwich Commercial Group, Inc. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 50.0% |
| Norwich Commercial Group, Inc. | FHA mortgage | Incorrect information on your report | 1 | 25.0% |