Nextier Bank National Association Mortgage Rates, Fees & Info

Kittanning, PA

LEI: 549300TFEH2N4OKL5136

Tax ID: 25-0660700

5 stars - Updated: 11/17/24 - out of 5 stars, based on 17 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Nextier Bank National Association is a smaller bank specializing in Home Purchase loans. Nextier Bank National Association has a high proportion of conventional loans. Their top markets by origination volume include: Buffalo, Pittsburgh, Ithaca, Erie, and Rochester among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Nextier Bank National Association 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. Nextier Bank National Association 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 relatively high 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
    30 Year Conventional Purchase 6.99% 11/17/24
    30 Year Conventional Refi 7.04% 11/17/24
    30 Year Cash-out Refi 6.64% 11/17/24
    15 Year Conventional Purchase 6.49% 11/17/24
    15 Year Conventional Refi 6.63% 11/17/24
    15 Year Cash-out Refi 6.63% 11/17/24
    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.

    Nextier Bank National Association Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Nextier Bank National Association. 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

    278

    Origination Dollar Volume (All Markets)

    $177,960,000

    Awards

    NEXTIER BANK NATIONAL ASSOCIATION 30 Year Conventional Loans silver
    Show all (1) awards

    Relative Rate

    Nextier Bank National Association's average 30 year fixed mortgage rate was 6.84%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of 0.36%.

    Relative Fees (Closing Costs)

    Nextier Bank National Association's average total fees/closing costs for a 30 year fixed rate mortgage were $4,499.

    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 $9,089.

    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
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 15 $52,555,000 $3,503,667 $3,632 6.90%
    PITTSBURGH, PA (FHA|USDA|VA) 203 $42,905,000 $211,355 $3,766 6.90%
    ITHACA, NY (FHA|USDA|VA) 2 $34,710,000 $17,355,000 $0 6.80%
    ERIE, PA (FHA|USDA|VA) 3 $16,605,000 $5,535,000 $6,121 7.10%
    ROCHESTER, NY (FHA|USDA|VA) 6 $11,290,000 $1,881,667 $8,506 7.15%
    COLUMBUS, OH (FHA|USDA|VA) 1 $5,605,000 $5,605,000 $0 6.33%
    Clarksburg, WV (FHA|USDA|VA) 1 $3,315,000 $3,315,000 $0 6.57%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $2,630,000 $1,315,000 $9,455 6.58%
    New Castle, PA (FHA|USDA|VA) 10 $1,800,000 $180,000 $6,233 6.69%
    Somerset, PA (FHA|USDA|VA) 2 $1,100,000 $550,000 $2,905 6.56%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $905,000 $905,000 $7,390 5.88%
    DuBois, PA (FHA|USDA|VA) 8 $670,000 $83,750 $1,749 6.77%
    Indiana, PA (FHA|USDA|VA) 3 $535,000 $178,333 $9,700 7.08%
    Meadville, PA (FHA|USDA|VA) 2 $430,000 $215,000 $6,347 6.63%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $400,000 $200,000 $5,099 6.44%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $375,000 $125,000 $0 6.84%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $365,000 $365,000 $3,551 6.75%
    Oil City, PA (FHA|USDA|VA) 2 $340,000 $170,000 $5,767 7.00%
    YORK-HANOVER, PA (FHA|USDA|VA) 2 $310,000 $155,000 $0 6.89%
    JACKSON, MS (FHA|USDA|VA) 1 $295,000 $295,000 $2,157 6.88%
    Warren, PA (FHA|USDA|VA) 2 $290,000 $145,000 $1,438 7.50%
    Outside of Metro Areas 4 $280,000 $70,000 $1,106 7.31%
    JOHNSTOWN, PA (FHA|USDA|VA) 1 $135,000 $135,000 $6,250 7.50%
    St. Marys, PA (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.75%
    Nextier Bank National Association's top markets include Buffalo, Pittsburgh, Ithaca, Erie, and Rochester among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against NEXTIER BANK NATIONAL ASSOCIATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    TRI BORO
    Similarity Rank: 24
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 77
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 128
    InFirst Bank
    Similarity Rank: 300
    AmeriServ Financial Bank
    Similarity Rank: 384
    Washington Financial Bank
    Similarity Rank: 510
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 570
    Community Bank
    Similarity Rank: 572
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 572
    1st Summit Bank
    Similarity Rank: 1026

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 278 $177,960,000 $640,144 $3,964 6.89%

    For 2023, Nextier Bank National Association's most frequently originated type of loan was Conventional, with 278 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 176 $148,580,000 $844,205 $5,320 6.98%
    Refi 51 $23,665,000 $464,020 $2,532 6.73%
    Home Improvement 33 $4,655,000 $141,061 $2,015 6.72%
    Other 18 $1,060,000 $58,889 $657 6.83%

    For 2023, Nextier Bank National Association's most frequently cited loan purpose was Home Purchase, with 176 originations. The 2nd most popular reason was Refi, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 85 $18,745,000 $220,529 $4,499 6.84%
    20 Year 55 $7,635,000 $138,818 $901 7.00%
    10 Year 38 $64,390,000 $1,694,474 $778 6.73%
    30+ year 34 $9,540,000 $280,588 $8,577 6.97%
    15 Year 31 $3,125,000 $100,806 $971 6.84%
    Other 25 $13,635,000 $545,400 $4,540 7.04%
    5 Year 8 $43,880,000 $5,485,000 $619 6.74%
    3 Year 2 $17,010,000 $8,505,000 $0 7.61%

    For 2023, Nextier Bank National Association's most frequently cited loan duration was 30 Year, with 85 originations. The 2nd most popular length was 20 Year, with 55 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 130 $20,230,000 $155,615
    $5k+ 23 $8,995,000 $391,087
    $2k-3k 16 $1,850,000 $115,625
    $1k-2k 6 $440,000 $73,333
    $3k-4k 6 $1,120,000 $186,667
    $4k-5k 6 $1,190,000 $198,333

    Nextier Bank National Association's average total fees were $4,499, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 130 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 150 $78,180,000 $521,200
    7-8% 74 $83,530,000 $1,128,784
    5-6% 31 $9,695,000 $312,742
    Over 8% 23 $6,555,000 $285,000

    During 2023, Nextier Bank National Association's average interest rate for loans was 6.84%, while their most frequently originated rate bucket for loans was 6-7%, with 150 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 102 $5,720,000 $56,078 $1,499 6.91%
    $100k-200k 69 $9,835,000 $142,536 $3,740 6.93%
    $200k-400k 57 $15,045,000 $263,947 $6,787 7.01%
    $1MM+ 24 $131,530,000 $5,480,417 $13,949 6.69%
    $400k-600k 14 $6,640,000 $474,286 $8,670 6.71%
    $600k-1MM 12 $9,190,000 $765,833 $7,534 6.61%

    2023 saw Nextier Bank National Association place emphasis on $100,000 or less loans with 102 originations, totaling $5,720,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 45 $6,695,000 $148,778 $4,233 6.86%
    $150k-250k 39 $8,785,000 $225,256 $4,623 6.95%
    $50k-75k 32 $3,230,000 $100,938 $2,971 6.77%
    $75k-100k 32 $4,390,000 $137,188 $4,077 6.94%
    $50k or less 23 $1,555,000 $67,609 $2,220 6.63%
    $250k+ 18 $8,490,000 $471,667 $6,814 6.69%

    Nextier Bank National Association lent most frequently to those with incomes in the $100k-150k range, with 45 originations. The second most popular income band? $150k-250k, with 39 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 42 $6,940,000 $165,238 $3,126 6.82%
    30-36% 34 $4,920,000 $144,706 $4,020 6.85%
    <20% 21 $2,525,000 $120,238 $2,824 6.79%
    42% 14 $3,040,000 $217,143 $5,503 6.79%
    41% 14 $2,770,000 $197,857 $4,439 6.89%
    36% 12 $1,680,000 $140,000 $3,237 6.92%
    38% 10 $3,110,000 $311,000 $4,662 6.78%
    43% 9 $1,215,000 $135,000 $2,381 6.68%
    39% 8 $1,250,000 $156,250 $4,448 6.77%
    37% 7 $1,415,000 $202,143 $6,090 6.64%
    40% 4 $320,000 $80,000 $1,990 7.91%
    44% 3 $685,000 $228,333 $4,554 6.96%
    >60% 2 $1,620,000 $810,000 $6,684 6.44%
    46% 2 $550,000 $275,000 $9,419 7.00%
    50-60% 2 $1,150,000 $575,000 $9,328 6.06%
    48% 1 $155,000 $155,000 $734 6.25%
    45% 1 $285,000 $285,000 $9,220 6.00%
    47% 1 $195,000 $195,000 $7,295 6.38%

    Nextier Bank National Association lent most frequently to those with DTI ratios of 20-30%, with 42 originations. The next most common DTI ratio? 30-36%, with 34 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 80 $142,610,000 $1,782,625 $0 7.04%
    White 186 $32,470,000 $174,570 $3,846 6.83%
    Not provided 10 $2,410,000 $241,000 $6,026 6.75%
    Black 2 $470,000 $235,000 $3,974 7.69%

    Approval Rates

    Total approvals of all applications
    85.40%

    Nextier Bank National Association has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.42%

    Nextier Bank National Association has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 278 $177,960,000 $640,144

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    278 $177,960,000 $640,144

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 31 $3,035,000 $97,903 $1,409 7.12%
    40-60% 21 $24,525,000 $1,167,857 $5,662 6.64%
    60-80% 100 $123,330,000 $1,233,300 $4,727 6.87%
    80-100% 94 $25,480,000 $271,064 $5,498 6.95%
    Under 20% 32 $1,590,000 $49,688 $612 6.74%