Kittredge Mortgage Corporation Rates, Fees & Info
Manchester, VTLEI: 549300WPR8SX263KW279
Tax ID: 03-0286025
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Mortgage Data
Review & Overview
Kittredge Mortgage Corporation is a smaller mortgage company specializing in Home Purchase and Refi loans. Kittredge Mortgage Corporation has a high proportion of conventional loans. Their top markets by origination volume include: Bennington, Rutland, Burlington, and Lebanon among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Kittredge Mortgage Corporation 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. Kittredge Mortgage Corporation 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.
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Originations
22Origination Dollar Volume (All Markets)
$5,460,000Top 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 |
|---|---|---|---|---|---|
| Bennington, VT (FHA|USDA|VA) | 6 | $1,840,000 | $306,667 | $9,744 | 4.60% |
| Outside of Metro Areas | 7 | $1,715,000 | $245,000 | $7,408 | 4.93% |
| Rutland, VT (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $9,077 | 6.78% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $3,337 | 4.44% |
| Lebanon, NH-VT (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $7,963 | 5.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against Kittredge Mortgage Corporation based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 22 | $5,460,000 | $248,182 | $8,007 | 5.21% |
For 2022, Kittredge Mortgage Corporation's most frequently originated type of loan was Conventional, with 22 originations.
Loan Reason
For 2022, Kittredge Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 12 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
For 2022, Kittredge Mortgage Corporation's most frequently cited loan duration was 30 Year, with 12 originations. The 2nd most popular length was 15 Year, with 4 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 9 | $3,305,000 | $367,222 |
| $1k-2k | 6 | $1,350,000 | $225,000 |
| $2k-3k | 3 | $305,000 | $101,667 |
| $4k-5k | 2 | $310,000 | $155,000 |
| $<1k | 1 | $55,000 | $55,000 |
Kittredge Mortgage Corporation's average total fees were $9,306, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 9 originations.
Interest Rates
During 2022, Kittredge Mortgage Corporation's average interest rate for loans was 5.41%, while their most frequently originated rate bucket for loans was 4-5%, with 5 originations.
Loan Sizing
2022 saw Kittredge Mortgage Corporation place emphasis on $100k-200k loans with 9 originations, totaling $1,375,000 in origination value.
Applicant Income
Kittredge Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 4 originations. The second most popular income band? $150k-250k, with 4 originations.
Applicant Debt to Income Ratio
Kittredge Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 5 originations. The next most common DTI ratio? 20-30%, with 4 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.75%
Kittredge Mortgage Corporation has an average approval rate.
Pick Rate
Approvals leading to origination68.18%
Kittredge Mortgage Corporation 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 | 22 | $5,460,000 | $248,182 |