John Hancock Life Insurance Company (u.s.a.) Mortgage Rates, Fees & Info
Boston, MALEI: QQ0OZ8J9C4B5QT1XDG31
Tax ID: 01-0233346
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
John Hancock Life Insurance Company (u.s.a.) is a smaller mortgage company specializing in NA loans. John Hancock Life Insurance Company (u.s.a.) has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, New York, Houston, Tucson, and Memphis among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)John Hancock Life Insurance Company (u.s.a.) has an above average approval rate when compared to the average across all lenders. They typically have relatively high rates.
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Originations
8Origination Dollar Volume (All Markets)
$108,990,000Relative Rate
John Hancock Life Insurance Company (u.s.a.)'s average 30 year fixed mortgage rate was
5.9%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.58%.
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 |
|---|---|---|---|---|---|
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $34,605,000 | $34,605,000 | $0 | 5.90% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $24,760,000 | $12,380,000 | $0 | 6.02% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $23,005,000 | $23,005,000 | $0 | 5.57% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $10,005,000 | $10,005,000 | $0 | 5.82% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $7,605,000 | $7,605,000 | $0 | 5.76% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $7,005,000 | $7,005,000 | $0 | 5.30% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 5.84% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 8 | $108,990,000 | $13,623,750 | $0 | 5.78% |
For 2023, John Hancock Life Insurance Company (u.s.a.)'s most frequently originated type of loan was Conventional, with 8 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| NA | 8 | $108,990,000 | $13,623,750 | $0 | 5.78% |
For 2023, John Hancock Life Insurance Company (u.s.a.)'s most frequently cited loan purpose was NA, with 8 originations.
Loan Duration/Length
For 2023, John Hancock Life Insurance Company (u.s.a.)'s most frequently cited loan duration was 5 Year, with 2 originations. The 2nd most popular length was Other, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 7 | $86,985,000 | $12,426,429 |
| 6-7% | 1 | $22,005,000 | $22,005,000 |
During 2023, John Hancock Life Insurance Company (u.s.a.)'s average interest rate for loans was 5.90%, while their most frequently originated rate bucket for loans was 5-6%, with 7 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 8 | $108,990,000 | $13,623,750 | $0 | 5.78% |
2023 saw John Hancock Life Insurance Company (u.s.a.) place emphasis on $1MM+ loans with 8 originations, totaling $108,990,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Native Hawaiian or Islander | 8 | $108,990,000 | $13,623,750 | $0 | 5.78% |
Approval Rates
Total approvals of all applications100.00%
John Hancock Life Insurance Company (u.s.a.) has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 8 | $108,990,000 | $13,623,750 |