John Hancock Life Insurance Company (u.s.a.) Mortgage Rates, Fees & Info
Boston, MALEI: QQ0OZ8J9C4B5QT1XDG31
Tax ID: 01-0233346
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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.
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Originations
27Origination Dollar Volume (All Markets)
$557,785,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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 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 | 27 | $557,785,000 | $20,658,704 |