Bellwether Community Mortgage Rates, Fees & Info

Manchester, NH

LEI: 549300XKIMAP8O4OS123

Tax ID: 02-0196520

5 stars - Updated: 2/19/24 - out of 5 stars, based on 23 reviews

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

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Mortgage Data

Review & Overview

Bellwether Community is a smaller mortgage company specializing in Other and Home Purchase loans. Bellwether Community has a high proportion of conventional loans. Their top markets by origination volume include: Manchester, Boston, Concord, Laconia, and Lebanon among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bellwether Community 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. Bellwether Community 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 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.

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 6.20% 2/19/24
30 Year Conventional Refi 6.35% 2/19/24
30 Year Cash-out Refi 6.22% 2/19/24
15 Year Conventional Purchase 5.90% 2/19/24
15 Year Conventional Refi 7.41% 2/19/24
15 Year Cash-out Refi 7.41% 2/19/24
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.

Bellwether Community Mortgage Calculator






Your Estimates

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

This is not an official calculator from Bellwether Community. 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

547

Origination Dollar Volume (All Markets)

$94,685,000

Relative Rate

Bellwether Community's average 30 year fixed mortgage rate was 4.3%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.46%.

Relative Fees (Closing Costs)

Bellwether Community's average total fees/closing costs for a 30 year fixed rate mortgage were $4,658.

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 $4,750.

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
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 273 $47,835,000 $175,220 $4,255 4.24%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 110 $18,150,000 $165,000 $4,596 4.55%
Concord, NH (FHA|USDA|VA) 87 $15,945,000 $183,276 $5,293 4.50%
Laconia, NH (FHA|USDA|VA) 27 $4,645,000 $172,037 $4,376 4.81%
Lebanon, NH-VT (FHA|USDA|VA) 19 $3,245,000 $170,789 $4,683 4.33%
Keene, NH (FHA|USDA|VA) 15 $2,055,000 $137,000 $4,036 5.24%
Outside of Metro Areas 8 $1,090,000 $136,250 $0 4.68%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $575,000 $575,000 $0 4.50%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2 $520,000 $260,000 $4,791 4.56%
Berlin, NH (FHA|USDA|VA) 3 $465,000 $155,000 $3,788 3.67%
WORCESTER, MA-CT (FHA|USDA|VA) 2 $160,000 $80,000 $0 3.24%
Bellwether Community's top markets include Manchester, Boston, Concord, Laconia, and Lebanon among others.

Their top states include:
  • New Hampshire (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • Similar Lenders

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

    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 474
    Piscataqua Savings Bank
    Similarity Rank: 526
    Middlesex Savings Bank
    Similarity Rank: 560
    Bridgewater Savings Bank
    Similarity Rank: 576
    Walpole Co-operative Bank
    Similarity Rank: 789
    Norwood Co-operative Bank
    Similarity Rank: 820
    QUINCY CREDIT UNION
    Similarity Rank: 900
    Bristol County Savings Bank
    Similarity Rank: 945
    North Easton Savings Bank
    Similarity Rank: 956

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 308 $37,100,000 $120,455 n/a 4.25%
    Conventional 239 $57,585,000 $240,941 $4,486 4.61%

    For 2022, Bellwether Community's most frequently originated type of loan was HELOC, with 308 originations. Their 2nd most popular type was Conventional, with 239 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 202 $24,230,000 $119,950 $0 4.28%
    Home Purchase 142 $33,340,000 $234,789 $4,623 5.10%
    Home Improvement 110 $14,420,000 $131,091 $5,238 4.17%
    Cash Out Refi 65 $17,465,000 $268,692 $4,775 3.88%
    Refi 28 $5,230,000 $186,786 $2,824 3.99%

    For 2022, Bellwether Community's most frequently cited loan purpose was Other, with 202 originations. The 2nd most popular reason was Home Purchase, with 142 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 307 $42,135,000 $137,248 $0 4.32%
    30 Year 124 $40,130,000 $323,629 $4,658 4.30%
    20 Year 90 $7,570,000 $84,111 $4,022 5.07%
    15 Year 22 $4,480,000 $203,636 $3,860 3.65%
    10 Year 4 $370,000 $92,500 $2,898 3.34%

    For 2022, Bellwether Community's most frequently cited loan duration was Other, with 307 originations. The 2nd most popular length was 30 Year, with 124 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 49 $11,895,000 $242,755
    $<1k 33 $7,925,000 $240,152
    $2k-3k 32 $11,750,000 $367,188
    $3k-4k 19 $5,875,000 $309,211
    $5k+ 12 $4,440,000 $370,000
    $4k-5k 11 $4,735,000 $430,455

    Bellwether Community's average total fees were $4,658, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 49 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 148 $20,660,000 $139,595
    5-6% 134 $19,440,000 $145,075
    3-4% 113 $27,655,000 $244,735
    4-5% 96 $19,790,000 $206,146
    6-7% 42 $5,240,000 $124,762
    <2.5% 6 $1,340,000 $223,333
    7-8% 5 $365,000 $73,000
    Over 8% 3 $195,000 $65,000

    During 2022, Bellwether Community's average interest rate for loans was 4.30%, while their most frequently originated rate bucket for loans was 2.5-3%, with 148 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 188 $25,940,000 $137,979 $3,501 4.38%
    $100,000 or less 187 $11,415,000 $61,043 $2,644 4.72%
    $200k-400k 135 $37,945,000 $281,074 $4,587 4.06%
    $400k-600k 31 $14,875,000 $479,839 $5,653 4.16%
    $600k-1MM 6 $4,510,000 $751,667 $6,150 4.37%

    2022 saw Bellwether Community place emphasis on $100k-200k loans with 188 originations, totaling $25,940,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 150 $25,520,000 $170,133 $4,722 4.25%
    $150k-250k 128 $27,020,000 $211,094 $4,919 4.16%
    $75k-100k 91 $12,695,000 $139,505 $4,207 4.39%
    $50k-75k 85 $10,575,000 $124,412 $3,926 5.01%
    $250k+ 48 $12,080,000 $251,667 $4,627 4.23%
    $50k or less 33 $2,395,000 $72,576 $3,166 4.76%

    Bellwether Community lent most frequently to those with incomes in the $100k-150k range, with 150 originations. The second most popular income band? $150k-250k, with 128 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 113 $18,385,000 $162,699 $4,007 4.76%
    20-30% 102 $18,360,000 $180,000 $4,445 4.09%
    <20% 49 $8,475,000 $172,959 $3,800 4.03%
    44% 27 $4,375,000 $162,037 $4,600 4.21%
    40% 25 $5,165,000 $206,600 $5,245 4.62%
    36% 24 $3,320,000 $138,333 $2,969 4.18%
    37% 23 $4,255,000 $185,000 $5,555 4.15%
    47% 22 $3,780,000 $171,818 $4,470 4.24%
    39% 22 $4,920,000 $223,636 $5,166 4.02%
    46% 21 $2,375,000 $113,095 $3,347 5.15%
    41% 19 $3,055,000 $160,789 $5,379 4.50%
    42% 18 $3,760,000 $208,889 $5,037 4.51%
    45% 18 $3,200,000 $177,778 $4,213 4.58%
    48% 16 $2,050,000 $128,125 $6,454 4.61%
    43% 15 $2,445,000 $163,000 $5,415 4.39%
    38% 14 $1,550,000 $110,714 $3,578 4.84%
    49% 8 $1,420,000 $177,500 $4,783 4.18%
    50-60% 1 $85,000 $85,000 $0 5.49%

    Bellwether Community lent most frequently to those with DTI ratios of 30-36%, with 113 originations. The next most common DTI ratio? 20-30%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 436 $71,640,000 $164,312 $4,410 4.47%
    Not provided 91 $17,305,000 $190,165 $4,705 4.11%
    Not applicable 9 $3,355,000 $372,778 $0 4.97%
    Asian Indian 3 $1,435,000 $478,333 $5,892 3.91%
    Asian 3 $655,000 $218,333 $3,383 5.00%
    Black 3 $195,000 $65,000 $0 2.99%
    American Indian 1 $75,000 $75,000 $3,462 3.13%
    Filipino 1 $25,000 $25,000 $0 2.99%

    Approval Rates

    Total approvals of all applications
    82.20%

    Bellwether Community has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.07%

    Bellwether Community has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 36 $3,290,000 $91,389
    NA 511 $91,395,000 $178,855

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    547 $94,685,000 $173,099

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 152 $22,220,000 $146,184 $3,280 4.12%
    40-60% 84 $17,090,000 $203,452 $3,413 3.97%
    60-80% 87 $24,695,000 $283,851 $5,226 4.41%
    80-100% 84 $21,470,000 $255,595 $5,028 5.21%
    Under 20% 140 $9,210,000 $65,786 $2,381 4.49%