Nutmeg State Financial Mortgage Rates, Fees & Info
Rocky Hill, CTLEI: 549300XUMML1SMLTVQ62
Tax ID: 06-0655039
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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 9 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 above average pick rate when compared to similar lenders. Nutmeg State Financial is typically an average 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 | 6.39% | 12/2/24 |
| 30 Year Conventional Refi | 6.45% | 12/2/24 |
| 30 Year Cash-out Refi | 6.39% | 12/2/24 |
| 15 Year Conventional Purchase | 6.38% | 12/2/24 |
| 15 Year Conventional Refi | 5.94% | 12/2/24 |
| 15 Year Cash-out Refi | 5.94% | 12/2/24 |
| 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
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Nutmeg State Financial. 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
644Origination Dollar Volume (All Markets)
$80,740,000Top 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) | 440 | $44,280,000 | $100,636 | $347 | 4.27% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 103 | $12,875,000 | $125,000 | $467 | 4.38% |
| Outside of Metro Areas | 26 | $11,230,000 | $431,923 | $708 | 4.87% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 47 | $8,745,000 | $186,064 | $309 | 4.20% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 13 | $1,305,000 | $100,385 | $0 | 4.78% |
| Torrington, CT (FHA|USDA|VA) | 10 | $1,200,000 | $120,000 | $0 | 3.25% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $4,856 | 4.25% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $1,457 | 3.81% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,396 | 3.75% |
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.
Similarity Rank: 49
Similarity Rank: 102
Similarity Rank: 133
Similarity Rank: 147
Similarity Rank: 155
Similarity Rank: 200
Similarity Rank: 228
Similarity Rank: 235
Similarity Rank: 270
Similarity Rank: 376
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 644 | $80,740,000 | $125,373 | $374 | 4.31% |
For 2022, Nutmeg State Financial's most frequently originated type of loan was Conventional, with 644 originations.
Loan Reason
For 2022, Nutmeg State Financial's most frequently cited loan purpose was Home Improvement, with 343 originations. The 2nd most popular reason was Other, with 110 originations.
Loan Duration/Length
For 2022, Nutmeg State Financial's most frequently cited loan duration was Other, with 370 originations. The 2nd most popular length was 15 Year, with 120 originations.
Origination Fees/Closing Costs
Nutmeg State Financial's average total fees were $5,274, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 584 originations.
Interest Rates
During 2022, Nutmeg State Financial's average interest rate for loans was 4.48%, while their most frequently originated rate bucket for loans was 3-4%, with 135 originations.
Loan Sizing
2022 saw Nutmeg State Financial place emphasis on $100,000 or less loans with 377 originations, totaling $19,485,000 in origination value.
Applicant Income
Nutmeg State Financial lent most frequently to those with incomes in the $150k-250k range, with 174 originations. The second most popular income band? $100k-150k, with 166 originations.
Applicant Debt to Income Ratio
Nutmeg State Financial lent most frequently to those with DTI ratios of <20%, with 330 originations. The next most common DTI ratio? 20-30%, with 82 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.34%
Nutmeg State Financial has a below average approval rate.
Pick Rate
Approvals leading to origination98.45%
Nutmeg State Financial has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 644 | $80,740,000 | $125,373 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| NATIONSTAR MORTGAGE | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 5.3% |
| NATIONSTAR MORTGAGE | Conventional home mortgage | Struggling to pay mortgage | 3 | 15.8% |
| NATIONSTAR MORTGAGE | Conventional home mortgage | Trouble during payment process | 8 | 42.1% |
| NATIONSTAR MORTGAGE | FHA mortgage | Struggling to pay mortgage | 2 | 10.5% |
| NATIONSTAR MORTGAGE | Reverse mortgage | Trouble during payment process | 1 | 5.3% |
| NATIONSTAR MORTGAGE | VA mortgage | Trouble during payment process | 4 | 21.1% |