Bellwether Community Mortgage Rates, Fees & Info
Manchester, NHLEI: 549300XKIMAP8O4OS123
Tax ID: 02-0196520
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.20% | 11/23/24 |
| 30 Year Conventional Refi | 6.35% | 11/23/24 |
| 30 Year Cash-out Refi | 6.22% | 11/23/24 |
| 15 Year Conventional Purchase | 5.90% | 11/23/24 |
| 15 Year Conventional Refi | 7.41% | 11/23/24 |
| 15 Year Cash-out Refi | 7.41% | 11/23/24 |
| 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
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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
547Origination Dollar Volume (All Markets)
$94,685,000Awards
BELLWETHER COMMUNITY - 2022
BELLWETHER COMMUNITY is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
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.
Similarity Rank: 30
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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
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
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
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
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
2022 saw Bellwether Community place emphasis on $100k-200k loans with 188 originations, totaling $25,940,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications82.20%
Bellwether Community has a below average approval rate.
Pick Rate
Approvals leading to origination80.07%
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 |