Berlin Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Berlin averaged
6.32%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
6.42% and
one month ago for the week of 2024-09-05, the
average rate was 6.75%.
Berlin's average rate one year ago was 7.89%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.62%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
| Berlin 30 Year Fixed Rate | 2024-10-10 | 6.32% |
| Berlin 30 Year Fixed Rate Refi | 2024-10-10 | 6.62% |
| Berlin 15 Year Fixed Rate | 2024-10-10 | 5.21% |
| Berlin 15 Year Fixed Rate Refi | 2024-10-10 | 5.31% |
| Berlin 30 Year FHA | 2024-10-10 | 6.2% |
| Berlin 30 Year FHA Refi | 2024-10-10 | 6.4% |
| Berlin 30 Year USDA | 2024-10-10 | 5.88% |
| Berlin 30 Year USDA Refi | 2024-10-10 | 5.98% |
| Berlin 30 Year VA | 2024-10-10 | 5.85% |
| Berlin 30 Year VA Refi | 2024-10-10 | 6.05% |
Berlin Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Berlin, NH market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Berlin Average Closing Costs & Other Stats
Berlin, NH's 69 lenders originated 588
loans during 2023. The total origination value was $108,960,000, with an average loan value of
$185,306.
Berlin's average closing costs are $4,393.
The top Berlin lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
22 loans originated. Their average total fees are
$4,440, which is $527
higher than the next largest lender,
Northway Bank.
The lowest fee Berlin lenders (with over 10 loans originated) are
NORTHEAST CREDIT UNION ($1,797), Northway Bank ($3,914), Union Bank ($4,275), CMG MORTGAGE, INC. ($4,414) and UNITED WHOLESALE MORTGAGE, LLC ($4,440).
The lowest rate Berlin lenders (with over 10 loans originated) are
NORTHEAST CREDIT UNION (5.24%), Union Bank (6.69%), QUICKEN LOANS, LLC (6.88%), CMG MORTGAGE, INC. (6.92%) and Northway Bank (7.13%).
Berlin, NH Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $4,265,000 | $7,030,000 | 64.8% | 6.5% |
| QUICKEN LOANS, LLC | $11,880,000 | $6,670,000 | -43.9% | 6.1% |
| Citizens Bank | $7,425,000 | $6,195,000 | -16.6% | 5.7% |
| Union Bank | $3,615,000 | $6,025,000 | 66.7% | 5.5% |
| Mortgage Research Center, LLC | $5,395,000 | $4,815,000 | -10.8% | 4.4% |
| Northway Bank | $15,455,000 | $4,810,000 | -68.9% | 4.4% |
| NORTHEAST CREDIT UNION | $3,595,000 | $4,010,000 | 11.5% | 3.7% |
| CMG MORTGAGE, INC. | $2,910,000 | $3,970,000 | 36.4% | 3.6% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,865,000 | $3,605,000 | -6.7% | 3.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,095,000 | $3,495,000 | 66.8% | 3.2% |
| Service Federal Credit Union | $6,710,000 | $3,290,000 | -51.0% | 3.0% |
| Bank of New Hampshire | $6,695,000 | $3,145,000 | -53.0% | 2.9% |
| GUILD MORTGAGE COMPANY | $3,115,000 | $2,880,000 | -7.5% | 2.6% |
| Merrimack County Savings Bank | $205,000 | $2,710,000 | 1,222.0% | 2.5% |
| Bangor Savings Bank | $3,855,000 | $2,210,000 | -42.7% | 2.0% |
| Mascoma Bank | $7,190,000 | $2,140,000 | -70.2% | 2.0% |
| Franklin Savings Bank | $1,235,000 | $2,135,000 | 72.9% | 2.0% |
| Meredith Village Savings Bank | $1,790,000 | $2,110,000 | 17.9% | 1.9% |
| TD Bank | $330,000 | $1,745,000 | 428.8% | 1.6% |
| Toyota Financial Savings Bank | $1,580,000 | n/a | 1.5% | |
| Bar Harbor Bank & Trust | $820,000 | $1,445,000 | 76.2% | 1.3% |
| LOANDEPOT.COM, LLC | $1,975,000 | $1,225,000 | -38.0% | 1.1% |
| NORWICH COMMERCIAL GROUP, INC. | $680,000 | $1,225,000 | 80.1% | 1.1% |
| EMM LOANS LLC | $440,000 | $1,130,000 | 156.8% | 1.0% |
| NEW DAY FINANCIAL, LLC | $665,000 | $1,060,000 | 59.4% | 1.0% |
| Citibank | $2,000,000 | $990,000 | -50.5% | 0.9% |
| NEWREZ LLC | $385,000 | $990,000 | 157.1% | 0.9% |
| DIGITAL Federal Credit Union | $340,000 | $905,000 | 166.2% | 0.8% |
| Leader Bank | $850,000 | n/a | 0.8% | |
| CROSSCOUNTRY MORTGAGE, LLC | $1,500,000 | $760,000 | -49.3% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,195,000 | $735,000 | -38.5% | 0.7% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $200,000 | $720,000 | 260.0% | 0.7% |
| GUARANTEED RATE, INC. | $280,000 | $690,000 | 146.4% | 0.6% |
| SALEM FIVE MORTGAGE COMPANY, LLC | $650,000 | $680,000 | 4.6% | 0.6% |
| ST. MARY'S BANK | $960,000 | $675,000 | -29.7% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $1,680,000 | $670,000 | -60.1% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $780,000 | $665,000 | -14.7% | 0.6% |
| Waterstone Mortgage Corporation | $650,000 | n/a | 0.6% | |
| MOVEMENT MORTGAGE, LLC | $2,765,000 | $630,000 | -77.2% | 0.6% |
| NORTHEAST HOME LOAN, LLC | $325,000 | $550,000 | 69.2% | 0.5% |
| HARBORONE MORTGAGE, LLC | $1,080,000 | $535,000 | -50.5% | 0.5% |
| The Camden National Bank | $165,000 | $515,000 | 212.1% | 0.5% |
| Firstrust Savings Bank | $640,000 | $485,000 | -24.2% | 0.4% |
| BELLWETHER COMMUNITY | $465,000 | $475,000 | 2.2% | 0.4% |
| Bethpage Federal Credit Union | $465,000 | n/a | 0.4% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $1,000,000 | $465,000 | -53.5% | 0.4% |
| Bank of America | $1,040,000 | $440,000 | -57.7% | 0.4% |
| NORTHPOINT MORTGAGE, INC. | $665,000 | $430,000 | -35.3% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $1,410,000 | $410,000 | -70.9% | 0.4% |
| HOMESIDE FINANCIAL, LLC | $380,000 | n/a | 0.3% | |
| SIS BANCORP, MHC | $345,000 | $370,000 | 7.2% | 0.3% |
| American Mortgage & Equity Consultants, Inc. | $565,000 | $360,000 | -36.3% | 0.3% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $945,000 | $335,000 | -64.6% | 0.3% |
| NBKC BANK | $375,000 | $325,000 | -13.3% | 0.3% |
| BROKER SOLUTIONS, INC. | $760,000 | $320,000 | -57.9% | 0.3% |
| Holy Rosary Regional Credit Union | $85,000 | $315,000 | 270.6% | 0.3% |
| BNC National Bank | $135,000 | $305,000 | 125.9% | 0.3% |
| Plains Commerce Bank | $305,000 | n/a | 0.3% | |
| GUARANTEED RATE AFFINITY, LLC | $320,000 | $295,000 | -7.8% | 0.3% |
| WASHINGTON TRUST MORTGAGE COMPANY LLC | $295,000 | n/a | 0.3% | |
| MERRIMACK VALLEY | $290,000 | n/a | 0.3% | |
| PENTAGON FEDERAL CREDIT UNION | $235,000 | $275,000 | 17.0% | 0.3% |
| HOMEXPRESS MORTGAGE CORP. | $265,000 | n/a | 0.2% | |
| Nations Lending Corporation | $135,000 | $265,000 | 96.3% | 0.2% |
| TOTAL MORTGAGE SERVICES, LLC | $65,000 | $265,000 | 307.7% | 0.2% |
| Evolve Bank & Trust | $255,000 | n/a | 0.2% | |
| LONGBRIDGE FINANCIAL, LLC | $215,000 | $250,000 | 16.3% | 0.2% |
| NATIONS RELIABLE LENDING, LLC | $250,000 | n/a | 0.2% | |
| NORTH COUNTRY | $245,000 | n/a | 0.2% | |
| VILLAGE CAPITAL MORTGAGE | $245,000 | n/a | 0.2% | |
| Norway Savings Bank | $230,000 | $230,000 | 0.0% | 0.2% |
| ENVOY MORTGAGE, LTD | $275,000 | $225,000 | -18.2% | 0.2% |
| Equity Prime Mortgage LLC | $215,000 | n/a | 0.2% | |
| Ixonia Bank | $205,000 | n/a | 0.2% | |
| NFM, INC. | $125,000 | $205,000 | 64.0% | 0.2% |
| Wells Fargo Bank | $530,000 | $205,000 | -61.3% | 0.2% |
| ZILLOW HOME LOANS, LLC | $200,000 | n/a | 0.2% | |
| JPMorgan Chase Bank | $2,390,000 | $195,000 | -91.8% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $490,000 | $185,000 | -62.2% | 0.2% |
| UniBank for Savings | $185,000 | n/a | 0.2% | |
| VAN DYK MORTGAGE CORPORATION | $185,000 | n/a | 0.2% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $320,000 | $165,000 | -48.4% | 0.2% |
| Keystone Funding, Inc. | $165,000 | n/a | 0.2% | |
| PROVINCE MORTGAGE ASSOCIATES, INC. | $325,000 | $165,000 | -49.2% | 0.2% |
| Discover Bank | $160,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $125,000 | $160,000 | 28.0% | 0.1% |
| Eastern Bank | $155,000 | n/a | 0.1% | |
| Logan Finance Corporation | $155,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $145,000 | n/a | 0.1% | |
| Flagstar Bank, FSB | $85,000 | $135,000 | 58.8% | 0.1% |
| Coastal Community Bank | $125,000 | n/a | 0.1% | |
| Community National Bank | $1,360,000 | $125,000 | -90.8% | 0.1% |
| EMBRACE HOME LOANS, INC. | $315,000 | $125,000 | -60.3% | 0.1% |
| First Seacoast Bank | $125,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $450,000 | $125,000 | -72.2% | 0.1% |
| 21ST MORTGAGE CORPORATION | $65,000 | $115,000 | 76.9% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $85,000 | $115,000 | 35.3% | 0.1% |
| Figure Lending LLC | $180,000 | $110,000 | -38.9% | 0.1% |
| Bank Rhode Island | $105,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $85,000 | $105,000 | 23.5% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $75,000 | n/a | 0.1% | |
| BayCoast Bank | $70,000 | n/a | 0.1% | |
| Northpointe Bank | $75,000 | $65,000 | -13.3% | 0.1% |
| Carrington Mortgage Services, LLC | $455,000 | $55,000 | -87.9% | 0.1% |
| HANSCOM | $1,150,000 | $55,000 | -95.2% | 0.1% |
| LOGIX FEDERAL CREDIT UNION | $55,000 | n/a | 0.1% | |
| NEW ENGLAND FEDERAL CREDIT UNION | $365,000 | $55,000 | -84.9% | 0.1% |
| Community Bank | $45,000 | n/a | 0.0% | |
| NEW HAMPSHIRE | $125,000 | $25,000 | -80.0% | 0.0% |
| ONE Credit Union | $25,000 | n/a | 0.0% |
Berlin's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 6.5% market share. In second place, with 6.1%, is QUICKEN LOANS, LLC, having originated $6,670,000 in loans. In third place, with 5.7%, is Citizens Bank, having originated $6,195,000 in loans. In fourth place, with 5.5%, is Union Bank, having originated $6,025,000 in loans. In fifth place, with 4.4%, is Mortgage Research Center, LLC, having originated $4,815,000 in loans.
Berlin, NH Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 343 | $76,395,000 | $222,726 |
| Cash Out Refi | 87 | $13,165,000 | $151,322 |
| Home Improvement | 75 | $8,005,000 | $106,733 |
| Other | 47 | $4,295,000 | $91,383 |
| Refi | 36 | $7,100,000 | $197,222 |
Berlin's most frequently cited loan purpose was Home Purchase, with 343 originations. The 2nd most popular reason was Cash Out Refi, with 87 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 216 | $42,930,000 | $198,750 |
| 7-8% | 179 | $35,735,000 | $199,637 |
| Over 8% | 88 | $11,930,000 | $135,568 |
| 5-6% | 69 | $13,605,000 | $197,174 |
| 3-4% | 13 | $1,235,000 | $95,000 |
| 4-5% | 6 | $1,110,000 | $185,000 |
| <2.5% | 4 | $60,000 | $15,000 |
During 2023, Berlin's most frequently originated rate bucket was 6-7%, with 216 originations.
Loan Sizing (Berlin, NH MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 217 | $31,475,000 | $145,046 |
| $200k-400k | 169 | $44,805,000 | $265,118 |
| $100,000 or less | 163 | $9,155,000 | $56,166 |
| $400k-600k | 28 | $13,620,000 | $486,429 |
| $600k-1000k | 8 | $5,440,000 | $680,000 |
| $Over $1MM | 3 | $4,465,000 | $1,488,333 |
Berlin's loan sizing saw the bucket of loans from $100k-200k with 217 originations, totaling $31,475,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 202 | $45,490,000 | $225,198 |
| 60-80% | 144 | $35,840,000 | $248,889 |
| 20-40% | 82 | $7,730,000 | $94,268 |
| 40-60% | 75 | $12,185,000 | $162,467 |
| Under 20% | 70 | $3,330,000 | $47,571 |
| Over 100% | 7 | $1,815,000 | $259,286 |
Berlin's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 202 originations, totaling $45,490,000 in origination value.