Bellwether Community Mortgage Rates, Fees & Info

Manchester, NH

LEI: 549300XKIMAP8O4OS123

Tax ID: 02-0196520

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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

    Bellwether Community is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi 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 7 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% 4/21/24
    30 Year Conventional Refi 6.35% 4/21/24
    30 Year Cash-out Refi 6.22% 4/21/24
    15 Year Conventional Purchase 5.90% 4/21/24
    15 Year Conventional Refi 7.41% 4/21/24
    15 Year Cash-out Refi 7.41% 4/21/24
    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

    136

    Origination Dollar Volume (All Markets)

    $18,890,000

    Awards

    BELLWETHER COMMUNITY 30 Year Conventional Loans bronze BELLWETHER COMMUNITY 30 Year Conventional Loans bronze
    Show all (2) awards

    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) 48 $8,370,000 $174,375 $3,017 4.99%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 57 $6,285,000 $110,263 $928 5.93%
    Concord, NH (FHA|USDA|VA) 18 $2,630,000 $146,111 $1,892 5.19%
    Laconia, NH (FHA|USDA|VA) 4 $610,000 $152,500 $2,555 5.31%
    Lebanon, NH-VT (FHA|USDA|VA) 4 $450,000 $112,500 $3,650 4.00%
    Outside of Metro Areas 3 $395,000 $131,667 $3,159 5.21%
    Keene, NH (FHA|USDA|VA) 2 $150,000 $75,000 $1,356 5.94%
    Bellwether Community's top markets include Manchester, Boston, Concord, Laconia, and Lebanon among others.

    Their top states include:
  • New Hampshire (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.

    MERRIMACK VALLEY
    Similarity Rank: 110
    Middlesex Federal Savings, F.A.
    Similarity Rank: 111
    Members First Credit Union N.H.
    Similarity Rank: 119
    First Ipswich Bank
    Similarity Rank: 164
    Middlesex Savings Bank
    Similarity Rank: 165
    Coastal Heritage Bank
    Similarity Rank: 180
    NEW HAMPSHIRE
    Similarity Rank: 196
    Bristol County Savings Bank
    Similarity Rank: 210
    Milford Federal Bank
    Similarity Rank: 285
    LOGIX FEDERAL CREDIT UNION
    Similarity Rank: 322

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 136 $18,890,000 $138,897 $1,952 5.41%

    For 2018, Bellwether Community's most frequently originated type of loan was Conventional, with 136 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 88 $10,570,000 $120,114 $1,176 5.84%
    Refi 25 $3,935,000 $157,400 $3,303 4.72%
    Cash Out Refi 22 $4,260,000 $193,636 $3,870 4.51%
    Home Improvement 1 $125,000 $125,000 $0 5.25%

    For 2018, Bellwether Community's most frequently cited loan purpose was Home Purchase, with 88 originations. The 2nd most popular reason was Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 55 $4,105,000 $74,636 $243 6.37%
    30 Year 52 $10,830,000 $208,269 $3,780 4.51%
    15 Year 18 $2,110,000 $117,222 $1,961 5.19%
    Other 10 $1,640,000 $164,000 $195 5.35%
    10 Year 1 $205,000 $205,000 $2,538 3.88%

    For 2018, Bellwether Community's most frequently cited loan duration was 20 Year, with 55 originations. The 2nd most popular length was 30 Year, with 52 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 89 $8,505,000 $95,562
    $1k-2k 20 $4,600,000 $230,000
    $2k-3k 10 $2,310,000 $231,000
    $3k-4k 5 $995,000 $199,000
    $4k-5k 3 $915,000 $305,000

    Bellwether Community's average total fees were $3,780, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 89 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 44 $3,060,000 $69,545
    4-5% 43 $8,555,000 $198,953
    5-6% 25 $3,145,000 $125,800
    3-4% 15 $3,435,000 $229,000
    7-8% 6 $250,000 $41,667
    2.5-3% 3 $445,000 $148,333

    During 2018, Bellwether Community's average interest rate for loans was 4.51%, while their most frequently originated rate bucket for loans was 6-7%, with 44 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 63 $3,855,000 $61,190 $407 6.26%
    $100k-200k 40 $5,980,000 $149,500 $2,786 4.91%
    $200k-400k 33 $9,055,000 $274,394 $4,092 4.41%

    2018 saw Bellwether Community place emphasis on $100,000 or less loans with 63 originations, totaling $3,855,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 41 $3,995,000 $97,439 $1,326 5.74%
    $50k or less 31 $2,395,000 $77,258 $1,096 6.03%
    $100k-150k 27 $5,605,000 $207,593 $3,114 4.71%
    $75k-100k 18 $2,640,000 $146,667 $2,246 5.33%
    $150k-250k 10 $2,690,000 $269,000 $3,504 4.31%

    Bellwether Community lent most frequently to those with incomes in the $50k-75k range, with 41 originations. The second most popular income band? $50k or less, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 31 $4,035,000 $130,161 $1,881 5.36%
    30-36% 26 $3,520,000 $135,385 $1,644 5.51%
    <20% 10 $1,680,000 $168,000 $2,521 5.04%
    39% 8 $1,160,000 $145,000 $1,861 5.97%
    41% 6 $620,000 $103,333 $998 5.90%
    44% 6 $770,000 $128,333 $1,924 5.42%
    43% 5 $1,055,000 $211,000 $2,933 5.25%
    48% 5 $885,000 $177,000 $3,481 4.45%
    36% 5 $615,000 $123,000 $2,039 5.20%
    37% 5 $635,000 $127,000 $1,717 5.28%
    49% 4 $540,000 $135,000 $2,258 5.28%
    45% 4 $510,000 $127,500 $2,280 5.38%
    38% 3 $285,000 $95,000 $181 6.58%
    40% 3 $265,000 $88,333 $1,866 5.67%
    42% 3 $375,000 $125,000 $2,670 5.21%
    47% 2 $130,000 $65,000 $1,630 6.25%
    46% 1 $245,000 $245,000 $2,832 4.63%

    Bellwether Community lent most frequently to those with DTI ratios of 20-30%, with 31 originations. The next most common DTI ratio? 30-36%, with 26 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 116 $15,940,000 $137,414 $2,018 5.39%
    Not applicable 8 $1,400,000 $175,000 $0 5.28%
    Not provided 7 $935,000 $133,571 $807 6.11%
    American Indian 2 $240,000 $120,000 $2,917 4.94%
    Black 1 $235,000 $235,000 $2,825 3.25%
    Asian 1 $95,000 $95,000 $174 6.75%
    1 $45,000 $45,000 $174 5.75%

    Approval Rates

    Total approvals of all applications
    89.59%

    Bellwether Community has an average approval rate.

    Pick Rate

    Approvals leading to origination
    45.59%

    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
    NA 136 $18,890,000 $138,897

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 63 $4,145,000 $65,794
    Single Family (1-4 Units):Site-Built 73 $14,745,000 $201,986

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $715,000 $79,444 $1,994 4.58%
    40-60% 17 $2,105,000 $123,824 $1,799 5.09%
    60-80% 53 $8,415,000 $158,774 $2,685 5.12%
    80-100% 54 $7,310,000 $135,370 $1,374 5.92%
    Under 20% 1 $245,000 $245,000 $0 5.25%