Nutmeg State Financial Mortgage Rates, Fees & Info
Rocky Hill, CTLEI: 549300XUMML1SMLTVQ62
Tax ID: 06-0655039
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Mortgage Data
Review & Overview
Nutmeg State Financial is a smaller mortgage company specializing in Home Improvement and Home Purchase loans. Nutmeg State Financial has a high proportion of conventional loans. Their top markets by origination volume include: Hartford, New Haven, Bridgeport, Norwich, and Torrington among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Nutmeg State Financial has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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 | 6.39% | 4/18/24 |
| 30 Year Conventional Refi | 6.45% | 4/18/24 |
| 30 Year Cash-out Refi | 6.39% | 4/18/24 |
| 15 Year Conventional Purchase | 6.38% | 4/18/24 |
| 15 Year Conventional Refi | 5.94% | 4/18/24 |
| 15 Year Cash-out Refi | 5.94% | 4/18/24 |
| 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. | ||
Nutmeg State Financial Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
410Origination Dollar Volume (All Markets)
$48,220,000Top 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 |
|---|---|---|---|---|---|
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 287 | $32,535,000 | $113,362 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 82 | $9,890,000 | $120,610 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 30 | $4,050,000 | $135,000 | $0 | 0.00% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 5 | $805,000 | $161,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $680,000 | $340,000 | $0 | 0.00% |
| Torrington, CT (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against NUTMEG STATE FINANCIAL 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 | 410 | $48,220,000 | $117,610 | $0 | 0.00% |
For 2023, Nutmeg State Financial's most frequently originated type of loan was Conventional, with 410 originations.
Loan Reason
For 2023, Nutmeg State Financial's most frequently cited loan purpose was Home Improvement, with 207 originations. The 2nd most popular reason was Other, with 97 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 410 | $48,220,000 | $117,610 | $0 | 0.00% |
For 2023, Nutmeg State Financial's most frequently cited loan duration was Other, with 410 originations.
Loan Sizing
2023 saw Nutmeg State Financial place emphasis on $100,000 or less loans with 244 originations, totaling $12,740,000 in origination value.
Applicant Income
Nutmeg State Financial lent most frequently to those with incomes in the $150k-250k range, with 110 originations. The second most popular income band? $100k-150k, with 104 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 410 | $48,220,000 | $117,610 | $0 | 0.00% |
Nutmeg State Financial lent most frequently to those with DTI ratios of Exempt%, with 410 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications70.18%
Nutmeg State Financial has a below average approval rate.
Pick Rate
Approvals leading to origination91.46%
Nutmeg State Financial has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 410 | $48,220,000 | $117,610 |