Bellwether Community Mortgage Rates, Fees & Info

Manchester, NH

LEI: 549300XKIMAP8O4OS123

Tax ID: 02-0196520

5 stars - out of 5 stars, based on 19 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Bellwether Community is a smaller mortgage company specializing in Cash Out Refi, Home Purchase, and Refi loans. Bellwether Community has a high proportion of conventional loans. Their top markets include Manchester, Boston, Concord, Laconia, and Lebanon among others. Bellwether Community has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Bellwether Community is typically an average fee lendor.


Originations

369

Origination Dollar Volume (All Markets)

$83,325,000

Relative Rate

Bellwether Community's average 30 year fixed rate mortgage of loans were 3.07%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.08%.

Relative Fees

Bellwether Community's average total fees for a 30 year fixed rate mortgage are $5,032.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 196 $49,690,000 $253,520 $4,447 3.17%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 77 $12,095,000 $157,078 $5,050 4.47%
Concord, NH (FHA|USDA|VA) 52 $11,060,000 $212,692 $4,406 3.35%
Laconia, NH (FHA|USDA|VA) 15 $4,525,000 $301,667 $4,371 3.46%
Outside of Metro Areas 7 $2,455,000 $350,714 $6,321 3.50%
Lebanon, NH-VT (FHA|USDA|VA) 12 $2,130,000 $177,500 $4,976 3.23%
Keene, NH (FHA|USDA|VA) 8 $1,120,000 $140,000 $3,862 4.25%
PITTSFIELD, MA (FHA|USDA|VA) 1 $155,000 $155,000 $4,199 2.88%
Berlin, NH (FHA|USDA|VA) 1 $95,000 $95,000 $3,091 2.75%

Bellwether Community's top markets include Manchester, Boston, Concord, Laconia, and Lebanon among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 368 $82,920,000 $225,326 $4,523 3.51%
VA 1 $405,000 $405,000 $13,739 3.25%

For the 2021 period, Bellwether Community's most frequently originated loan type of loans were Conventional, with 368 originations. Their 2nd most popular type is VA, with 1 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 136 $35,260,000 $259,265 $5,142 3.02%
Home Purchase 112 $22,200,000 $198,214 $4,491 4.66%
Refi 102 $21,800,000 $213,725 $3,766 3.04%
Home Improvement 19 $4,065,000 $213,947 $4,533 2.76%

For the 2021, Bellwether Community's most frequently cited loan purpose of loans were Cash Out Refi, with 136 originations. The 2nd most popular reason of loans were Home Purchase, with 112 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 147 $40,095,000 $272,755 $5,032 3.07%
20 Year 107 $14,285,000 $133,505 $4,328 4.47%
15 Year 68 $13,120,000 $192,941 $3,748 2.58%
Other 31 $13,085,000 $422,097 $5,872 4.71%
10 Year 16 $2,740,000 $171,250 $3,711 2.65%

For the 2021, Bellwether Community's most frequently cited loan length of loans were 30 Year, with 147 originations. The 2nd most popular length of loans were 20 Year, with 107 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 83 $16,455,000 $198,253
$2k-3k 66 $14,990,000 $227,121
$<1k 49 $11,625,000 $237,245
$3k-4k 48 $13,110,000 $273,125
$5k+ 27 $8,905,000 $329,815

$5,032 of loans were Bellwether Community's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 83 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 133 $30,865,000 $232,068
3-4% 75 $28,695,000 $382,600
<2.5% 72 $14,430,000 $200,417
5-6% 55 $5,175,000 $94,091
4-5% 31 $4,035,000 $130,161
6-7% 3 $125,000 $41,667

During 2021, Bellwether Community's average interest rate of loans were 3.07%, while their most frequently originated rate bucket of loans were 2.5-3%, with 133 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 139 $37,975,000 $273,201 $5,131 2.88%
$100k-200k 128 $18,960,000 $148,125 $3,668 3.48%
$100,000 or less 72 $5,130,000 $71,250 $2,710 4.88%
$400k-600k 19 $8,425,000 $443,421 $6,799 3.05%
$600k-1MM 6 $4,110,000 $685,000 $4,375 3.32%
$1MM+ 5 $8,725,000 $1,745,000 $0 3.63%

2021 saw Bellwether Community place emphasis on $200k-400k loans with 139 originations, totaling $37,975,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 95 $12,665,000 $133,316 $3,909 3.96%
$100k-150k 81 $20,055,000 $247,593 $4,859 3.09%
$75k-100k 79 $15,265,000 $193,228 $4,668 3.51%
$150k-250k 48 $13,250,000 $276,042 $5,000 2.90%
$50k or less 37 $3,645,000 $98,514 $3,485 4.33%
$250k+ 15 $6,285,000 $419,000 $5,241 2.79%

Bellwether Community lent most frequently to those with incomes in the $50k-75k range, with 95 originations. The second most popular income band? $100k-150k, with 81 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 106 $21,800,000 $205,660 $4,457 3.48%
30-36% 78 $15,730,000 $201,667 $4,733 3.59%
<20% 31 $6,765,000 $218,226 $4,252 3.23%
36% 17 $2,595,000 $152,647 $3,790 3.44%
42% 16 $3,880,000 $242,500 $4,683 3.21%
39% 13 $2,665,000 $205,000 $5,041 3.64%
40% 13 $2,365,000 $181,923 $5,179 3.99%
44% 12 $2,150,000 $179,167 $4,727 3.46%
41% 12 $2,260,000 $188,333 $4,961 3.73%
43% 12 $2,030,000 $169,167 $4,427 3.96%
37% 11 $2,115,000 $192,273 $5,216 3.40%
38% 9 $2,215,000 $246,111 $5,135 3.53%
46% 6 $1,060,000 $176,667 $4,218 3.65%
47% 6 $1,400,000 $233,333 $3,762 2.85%
49% 6 $1,450,000 $241,667 $3,666 2.81%
45% 5 $1,035,000 $207,000 $5,009 3.65%
48% 5 $1,055,000 $211,000 $4,774 3.60%
50-60% 1 $145,000 $145,000 $3,624 2.63%

Bellwether Community lent most frequently to those with DTI ratios of 20-30%, with 106 originations. The next most common DTI ratio? 30-36%, with 78 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 316 $63,440,000 $200,759 $4,576 3.52%
Not applicable 10 $10,610,000 $1,061,000 $0 3.73%
Not provided 42 $9,140,000 $217,619 $4,430 3.35%
American Indian 1 $135,000 $135,000 $4,316 2.75%

Approval Rates

Total approvals of all applications
90.96%

Bellwether Community has an average approval rate.

Pick Rate

Approvals leading to origination
64.77%

Bellwether Community 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
0.0 86 $7,630,000 $88,721
NA 283 $75,695,000 $267,473

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
369 $83,325,000 $225,813

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 32 $5,260,000 $164,375 $2,949 2.63%
40-60% 107 $24,165,000 $225,841 $3,723 3.10%
60-80% 143 $37,255,000 $260,524 $5,425 3.23%
80-100% 84 $16,350,000 $194,643 $5,162 4.84%
Under 20% 3 $295,000 $98,333 $2,934 3.21%