John Hancock Life Insurance Company (u.s.a.) Mortgage Rates, Fees & Info

Boston, MA

LEI: QQ0OZ8J9C4B5QT1XDG31

Tax ID: 01-0233346

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

Jump to:

Mortgage Data

Review & Overview

John Hancock Life Insurance Company (u.s.a.) is a smaller mortgage company specializing in Cash Out Refi and Refi loans. John Hancock Life Insurance Company (u.s.a.) has a high proportion of conventional loans. Their top markets by origination volume include: Boston, New York, Baltimore, Charleston, and Providence among others. We have data for 20 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 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.


Originations

27

Origination Dollar Volume (All Markets)

$557,785,000

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
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $125,005,000 $125,005,000 $0 3.99%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 3 $95,015,000 $31,671,667 $0 4.16%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $51,015,000 $17,005,000 $0 4.23%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $30,610,000 $15,305,000 $0 4.26%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $28,005,000 $28,005,000 $0 4.10%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $26,710,000 $13,355,000 $0 4.32%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $25,005,000 $25,005,000 $0 4.25%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $20,510,000 $10,255,000 $0 4.38%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $20,005,000 $20,005,000 $0 4.03%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $20,005,000 $20,005,000 $0 4.47%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $16,405,000 $16,405,000 $0 4.26%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $14,505,000 $14,505,000 $0 4.75%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $14,005,000 $14,005,000 $0 4.52%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $13,805,000 $13,805,000 $0 4.71%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $13,505,000 $13,505,000 $0 4.09%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $13,305,000 $13,305,000 $0 4.25%
SAVANNAH, GA (FHA|USDA|VA) 1 $12,755,000 $12,755,000 $0 4.25%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $11,005,000 $11,005,000 $0 4.88%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $3,755,000 $3,755,000 $0 4.88%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $2,855,000 $2,855,000 $0 5.27%
John Hancock Life Insurance Company (u.s.a.)'s top markets include Boston, New York, Baltimore, Charleston, and Providence among others.

Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 27 $557,785,000 $20,658,704 $0 4.36%

    For 2018, John Hancock Life Insurance Company (u.s.a.)'s most frequently originated type of loan was Conventional, with 27 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 17 $254,335,000 $14,960,882 $0 4.33%
    Refi 8 $275,590,000 $34,448,750 $0 4.34%
    NA 2 $27,860,000 $13,930,000 $0 4.72%

    For 2018, John Hancock Life Insurance Company (u.s.a.)'s most frequently cited loan purpose was Cash Out Refi, with 17 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 7 $136,035,000 $19,433,571 $0 4.37%
    15 Year 6 $87,080,000 $14,513,333 $0 4.30%
    30 Year 6 $101,530,000 $16,921,667 $0 4.43%
    10 Year 4 $176,770,000 $44,192,500 $0 4.24%
    Other 4 $56,370,000 $14,092,500 $0 4.47%

    For 2018, John Hancock Life Insurance Company (u.s.a.)'s most frequently cited loan duration was 20 Year, with 7 originations. The 2nd most popular length was 15 Year, with 6 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 24 $409,920,000 $17,080,000
    3-4% 2 $145,010,000 $72,505,000
    5-6% 1 $2,855,000 $2,855,000

    During 2018, John Hancock Life Insurance Company (u.s.a.)'s average interest rate for loans was 4.43%, while their most frequently originated rate bucket for loans was 4-5%, with 24 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 27 $557,785,000 $20,658,704 $0 4.36%

    2018 saw John Hancock Life Insurance Company (u.s.a.) place emphasis on $1MM+ loans with 27 originations, totaling $557,785,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Native Hawaiian or Islander 27 $557,785,000 $20,658,704 $0 4.36%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 27 $557,785,000 $20,658,704

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $20,005,000 $20,005,000
    Multifamily:Site-Built 26 $537,780,000 $20,683,846

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $121,785,000 $17,397,857 $0 4.24%
    40-60% 15 $362,625,000 $24,175,000 $0 4.30%
    60-80% 2 $25,510,000 $12,755,000 $0 4.82%
    Under 20% 3 $47,865,000 $15,955,000 $0 4.64%