Nutmeg State Financial Mortgage Rates, Fees & Info

Rocky Hill, CT

LEI: 549300XUMML1SMLTVQ62

Tax ID: 06-0655039

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Nutmeg State Financial is a smaller mortgage company specializing in Home Improvement, Cash Out Refi, and Home Purchase loans. Nutmeg State Financial has a high proportion of conventional loans.

    Nutmeg State Financial has a below average approval rate when compared to the average across all lenders. They have a below 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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    Originations

    412

    Origination Dollar Volume (All Markets)

    $45,560,000

    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
    Outside of Metro Areas 412 $45,560,000 $110,583 $0 0.00%
    Nutmeg State Financial's top markets include

    Their top states include:
  • Connecticut (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 412 $45,560,000 $110,583 $0 0.00%

    For 2024, Nutmeg State Financial's most frequently originated type of loan was Conventional, with 412 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 191 $16,375,000 $85,733 $0 0.00%
    Other 96 $7,600,000 $79,167 $0 0.00%
    Cash Out Refi 84 $10,840,000 $129,048 $0 0.00%
    Home Purchase 29 $9,815,000 $338,448 $0 0.00%
    Refi 12 $930,000 $77,500 $0 0.00%

    For 2024, Nutmeg State Financial's most frequently cited loan purpose was Home Improvement, with 191 originations. The 2nd most popular reason was Other, with 96 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 412 $45,560,000 $110,583 $0 0.00%

    For 2024, Nutmeg State Financial's most frequently cited loan duration was Other, with 412 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 266 $14,070,000 $52,895 $0 0.00%
    $100k-200k 96 $12,640,000 $131,667 $0 0.00%
    $200k-400k 41 $11,325,000 $276,220 $0 0.00%
    $600k-1MM 4 $2,870,000 $717,500 $0 0.00%
    $400k-600k 3 $1,405,000 $468,333 $0 0.00%
    $1MM+ 2 $3,250,000 $1,625,000 $0 0.00%

    2024 saw Nutmeg State Financial place emphasis on $100,000 or less loans with 266 originations, totaling $14,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 136 $13,300,000 $97,794 $0 0.00%
    $100k-150k 118 $9,740,000 $82,542 $0 0.00%
    $250k+ 54 $9,260,000 $171,481 $0 0.00%
    $75k-100k 53 $3,925,000 $74,057 $0 0.00%
    $50k-75k 29 $1,765,000 $60,862 $0 0.00%
    $50k or less 14 $550,000 $39,286 $0 0.00%

    Nutmeg State Financial lent most frequently to those with incomes in the $150k-250k range, with 136 originations. The second most popular income band? $100k-150k, with 118 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 412 $45,560,000 $110,583 $0 0.00%

    Nutmeg State Financial lent most frequently to those with DTI ratios of Exempt%, with 412 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 279 $26,475,000 $94,892 $0 0.00%
    Not provided 85 $8,585,000 $101,000 $0 0.00%
    Not applicable 8 $7,020,000 $877,500 $0 0.00%
    Black 23 $1,655,000 $71,957 $0 0.00%
    Asian 4 $620,000 $155,000 $0 0.00%
    Asian Indian 4 $550,000 $137,500 $0 0.00%
    American Indian 7 $505,000 $72,143 $0 0.00%
    Filipino 2 $150,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    56.09%

    Nutmeg State Financial has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    89.32%

    Nutmeg State Financial has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 412 $45,560,000 $110,583

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    412 $45,560,000 $110,583