Berlin Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Berlin averaged
7.1%
for the week of 2025-07-03, compared to the national average of
6.67% for the same period.
The average rate for the prior week (2025-06-26) was
7% and
one month ago for the week of 2025-05-29, the
average rate was 7.02%.
Berlin's average rate one year ago was 6.99%.
For refis of the same type during the week of 2025-07-03, the average rate
was 6.77%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Berlin 30 Year Fixed Rate | 2025-07-03 | 7.1% |
| Berlin 30 Year Fixed Rate Refi | 2025-07-03 | 6.77% |
| Berlin 15 Year Fixed Rate | 2025-07-03 | 5.8% |
| Berlin 15 Year Fixed Rate Refi | 2025-07-03 | 5.8% |
| Berlin 30 Year FHA | 2025-07-03 | 0.1% |
| Berlin 30 Year FHA Refi | 2025-07-03 | 0% |
| Berlin 30 Year USDA | 2025-07-03 | -0.2% |
| Berlin 30 Year USDA Refi | 2025-07-03 | 0% |
| Berlin 30 Year VA | 2025-07-03 | 0.1% |
| Berlin 30 Year VA Refi | 2025-07-03 | 0.2% |
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 67 lenders originated 626
loans during 2024. The total origination value was $120,480,000, with an average loan value of
$192,460.
Berlin's average closing costs are $4,618.
The top Berlin lender as defined by loan originations is QUICKEN LOANS, LLC, with
34 loans originated. Their average total fees are
$7,211, which is $3,337
higher than the next largest lender,
Northway Bank.
The lowest fee Berlin lenders (with over 10 loans originated) are
Bangor Savings Bank ($3,532), Union Bank ($3,722), Northway Bank ($3,874), QUICKEN LOANS, LLC ($7,211) and UNITED WHOLESALE MORTGAGE, LLC ($7,223).
The lowest rate Berlin lenders (with over 10 loans originated) are
Bangor Savings Bank (6.26%), UNITED WHOLESALE MORTGAGE, LLC (6.79%), QUICKEN LOANS, LLC (6.79%), Northway Bank (7.01%) and Union Bank (7.08%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $6,670,000 | $11,710,000 | 75.6% | 9.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $7,030,000 | $6,855,000 | -2.5% | 5.7% |
| Northway Bank | $4,810,000 | $6,280,000 | 30.6% | 5.2% |
| NORTHEAST CREDIT UNION | $4,010,000 | $6,100,000 | 52.1% | 5.1% |
| Mortgage Research Center, LLC | $4,815,000 | $4,780,000 | -0.7% | 4.0% |
| Bangor Savings Bank | $2,210,000 | $4,770,000 | 115.8% | 4.0% |
| Union Bank | $6,025,000 | $4,340,000 | -28.0% | 3.6% |
| CMG MORTGAGE, INC. | $3,970,000 | $4,320,000 | 8.8% | 3.6% |
| Citizens Bank | $6,195,000 | $3,885,000 | -37.3% | 3.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,495,000 | $3,705,000 | 6.0% | 3.1% |
| Service Federal Credit Union | $3,290,000 | $2,880,000 | -12.5% | 2.4% |
| EMM LOANS LLC | $1,130,000 | $2,670,000 | 136.3% | 2.2% |
| Meredith Village Savings Bank | $2,110,000 | $2,635,000 | 24.9% | 2.2% |
| JPMorgan Chase Bank | $195,000 | $2,630,000 | 1,248.7% | 2.2% |
| GUILD MORTGAGE COMPANY | $2,880,000 | $2,535,000 | -12.0% | 2.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,605,000 | $2,415,000 | -33.0% | 2.0% |
| Mascoma Bank | $2,140,000 | $2,300,000 | 7.5% | 1.9% |
| MOVEMENT MORTGAGE, LLC | $630,000 | $2,045,000 | 224.6% | 1.7% |
| Wells Fargo Bank | $205,000 | $1,805,000 | 780.5% | 1.5% |
| PENNYMAC LOAN SERVICES, LLC | $665,000 | $1,695,000 | 154.9% | 1.4% |
| Bank of America | $440,000 | $1,650,000 | 275.0% | 1.4% |
| NEW DAY FINANCIAL, LLC | $1,060,000 | $1,520,000 | 43.4% | 1.3% |
| M&T Bank | $1,385,000 | n/a | 1.1% | |
| LOANDEPOT.COM, LLC | $1,225,000 | $1,375,000 | 12.2% | 1.1% |
| Mr. Cooper ( Nationstar Mortgage ) | $735,000 | $995,000 | 35.4% | 0.8% |
| BAY EQUITY LLC | $975,000 | n/a | 0.8% | |
| NORWICH COMMERCIAL GROUP, INC. | $1,225,000 | $860,000 | -29.8% | 0.7% |
| Plains Commerce Bank | $305,000 | $850,000 | 178.7% | 0.7% |
| ST. MARY'S BANK | $675,000 | $850,000 | 25.9% | 0.7% |
| HOMEXPRESS MORTGAGE CORP. | $265,000 | $825,000 | 211.3% | 0.7% |
| Merrimack County Savings Bank | $2,710,000 | $820,000 | -69.7% | 0.7% |
| Farm Credit East, ACA | $815,000 | n/a | 0.7% | |
| GUARANTEED RATE, INC. | $690,000 | $800,000 | 15.9% | 0.7% |
| Rockland Trust Company | $755,000 | n/a | 0.6% | |
| Magnolia Bank | $750,000 | n/a | 0.6% | |
| NORTHEAST HOME LOAN, LLC | $550,000 | $735,000 | 33.6% | 0.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $760,000 | $730,000 | -3.9% | 0.6% |
| Paramount Residential Mortgage Group, Inc. | $720,000 | n/a | 0.6% | |
| HARBORONE MORTGAGE, LLC | $535,000 | $670,000 | 25.2% | 0.6% |
| SALEM FIVE MORTGAGE COMPANY, LLC | $680,000 | $665,000 | -2.2% | 0.6% |
| GENEVA FINANCIAL, LLC | $655,000 | n/a | 0.5% | |
| NAVY FEDERAL CREDIT UNION | $670,000 | $655,000 | -2.2% | 0.5% |
| TOTAL MORTGAGE SERVICES, LLC | $265,000 | $605,000 | 128.3% | 0.5% |
| NEW ENGLAND FEDERAL CREDIT UNION | $55,000 | $590,000 | 972.7% | 0.5% |
| Community National Bank | $125,000 | $575,000 | 360.0% | 0.5% |
| NEWREZ LLC | $990,000 | $575,000 | -41.9% | 0.5% |
| BETTER MORTGAGE CORPORATION | $540,000 | n/a | 0.4% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $720,000 | $515,000 | -28.5% | 0.4% |
| USAA Federal Savings Bank | $510,000 | n/a | 0.4% | |
| The Camden National Bank | $515,000 | $505,000 | -1.9% | 0.4% |
| Deseret First Credit Union | $475,000 | n/a | 0.4% | |
| Figure Lending LLC | $110,000 | $445,000 | 304.5% | 0.4% |
| CIBM Bank | $440,000 | n/a | 0.4% | |
| BMO Harris Bank | $435,000 | n/a | 0.4% | |
| Century Mortgage Company DBA Century Lending Company | $435,000 | n/a | 0.4% | |
| FIRST MORTGAGE COMPANY, INC. | $415,000 | n/a | 0.3% | |
| Brookline Bank | $405,000 | n/a | 0.3% | |
| LIMA ONE CAPITAL, LLC | $405,000 | n/a | 0.3% | |
| CALCON MUTUAL MORTGAGE LLC | $385,000 | n/a | 0.3% | |
| CHURCHILL MORTGAGE CORPORATION | $370,000 | n/a | 0.3% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $365,000 | n/a | 0.3% | |
| HANSCOM | $55,000 | $360,000 | 554.5% | 0.3% |
| Sierra Pacific Mortgage Company, Inc. | $325,000 | n/a | 0.3% | |
| HARVARD UNIVERSITY EMPLOYEES | $315,000 | n/a | 0.3% | |
| NORTHPOINT MORTGAGE, INC. | $430,000 | $310,000 | -27.9% | 0.3% |
| CONTOUR MORTGAGE CORPORATION | $305,000 | n/a | 0.3% | |
| Cornerstone First Mortgage, Inc | $305,000 | n/a | 0.3% | |
| Bethpage Federal Credit Union | $465,000 | $295,000 | -36.6% | 0.2% |
| ALLIED MORTGAGE GROUP, INC. | $285,000 | n/a | 0.2% | |
| ENVOY MORTGAGE, LTD | $225,000 | $280,000 | 24.4% | 0.2% |
| Hometown Equity Mortgage, LLC | $280,000 | n/a | 0.2% | |
| AMERISAVE MORTGAGE CORPORATION | $410,000 | $270,000 | -34.1% | 0.2% |
| Nations Lending Corporation | $265,000 | $265,000 | 0.0% | 0.2% |
| Flagstar Bank, FSB | $135,000 | $255,000 | 88.9% | 0.2% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $255,000 | n/a | 0.2% | |
| Ally Bank | $225,000 | n/a | 0.2% | |
| MORTGAGE EQUITY PARTNERS LLC | $225,000 | n/a | 0.2% | |
| TD Bank | $1,745,000 | $225,000 | -87.1% | 0.2% |
| UNION HOME MORTGAGE CORP. | $225,000 | n/a | 0.2% | |
| FIRST COMMUNITY MORTGAGE, INC. | $205,000 | n/a | 0.2% | |
| Leader Bank | $850,000 | $205,000 | -75.9% | 0.2% |
| FINANCE OF AMERICA REVERSE LLC | $190,000 | n/a | 0.2% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $185,000 | n/a | 0.2% | |
| ARC HOME LLC | $185,000 | n/a | 0.2% | |
| Equity Prime Mortgage LLC | $215,000 | $185,000 | -14.0% | 0.2% |
| ZILLOW HOME LOANS, LLC | $200,000 | $185,000 | -7.5% | 0.2% |
| EVERETT FINANCIAL, INC. | $175,000 | n/a | 0.1% | |
| FREEDOM MORTGAGE CORPORATION | $175,000 | n/a | 0.1% | |
| Salem Co-Operative Bank | $175,000 | n/a | 0.1% | |
| Toyota Financial Savings Bank | $1,580,000 | $175,000 | -88.9% | 0.1% |
| Waterstone Mortgage Corporation | $650,000 | $175,000 | -73.1% | 0.1% |
| NORTH COUNTRY | $245,000 | $170,000 | -30.6% | 0.1% |
| DIGITAL Federal Credit Union | $905,000 | $165,000 | -81.8% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $165,000 | $165,000 | 0.0% | 0.1% |
| Norway Savings Bank | $230,000 | $160,000 | -30.4% | 0.1% |
| 21ST MORTGAGE CORPORATION | $115,000 | $155,000 | 34.8% | 0.1% |
| Evolve Bank & Trust | $255,000 | $155,000 | -39.2% | 0.1% |
| OceanFirst Bank | $155,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $155,000 | n/a | 0.1% | |
| American Mortgage & Equity Consultants, Inc. | $360,000 | $145,000 | -59.7% | 0.1% |
| KeyBank | $135,000 | n/a | 0.1% | |
| Logan Finance Corporation | $155,000 | $125,000 | -19.4% | 0.1% |
| RADIUS FINANCIAL GROUP INC. | $125,000 | n/a | 0.1% | |
| Keystone Funding, Inc. | $165,000 | $115,000 | -30.3% | 0.1% |
| Granite State Credit Union | $105,000 | n/a | 0.1% | |
| OCMBC, INC. | $105,000 | n/a | 0.1% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $335,000 | $95,000 | -71.6% | 0.1% |
| Discover Bank | $160,000 | $90,000 | -43.8% | 0.1% |
| ALLIANT CREDIT UNION | $75,000 | n/a | 0.1% | |
| First Seacoast Bank | $125,000 | $75,000 | -40.0% | 0.1% |
| MORTGAGE MARKETS CUSO, LLC | $65,000 | n/a | 0.1% | |
| NEW HAMPSHIRE | $25,000 | $55,000 | 120.0% | 0.0% |
| Coastal Community Bank | $125,000 | $45,000 | -64.0% | 0.0% |
| U.S. Bank | $25,000 | n/a | 0.0% |
Berlin's top lender by overall market share is QUICKEN LOANS, LLC, with 9.7% market share. In second place, with 5.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $6,855,000 in loans. In third place, with 5.2%, is Northway Bank, having originated $6,280,000 in loans. In fourth place, with 5.1%, is NORTHEAST CREDIT UNION, having originated $6,100,000 in loans. In fifth place, with 4.0%, is Mortgage Research Center, LLC, having originated $4,780,000 in loans.
Berlin, NH Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 323 | $72,605,000 | $224,783 |
| Cash Out Refi | 112 | $21,200,000 | $189,286 |
| Other | 67 | $7,285,000 | $108,731 |
| Home Improvement | 66 | $6,170,000 | $93,485 |
| Refi | 58 | $13,220,000 | $227,931 |
Berlin's most frequently cited loan purpose was Home Purchase, with 323 originations. The 2nd most popular reason was Cash Out Refi, with 112 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 276 | $56,990,000 | $206,486 |
| 7-8% | 164 | $32,920,000 | $200,732 |
| Over 8% | 97 | $11,315,000 | $116,649 |
| 5-6% | 70 | $17,330,000 | $247,571 |
| 4-5% | 6 | $1,540,000 | $256,667 |
| <2.5% | 3 | $45,000 | $15,000 |
During 2024, Berlin's most frequently originated rate bucket was 6-7%, with 276 originations.
Loan Sizing (Berlin, NH MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 204 | $55,770,000 | $273,382 |
| $100k-200k | 203 | $30,185,000 | $148,695 |
| $100,000 or less | 178 | $10,290,000 | $57,809 |
| $400k-600k | 31 | $14,735,000 | $475,323 |
| $600k-1000k | 7 | $4,885,000 | $697,857 |
| $Over $1MM | 3 | $4,615,000 | $1,538,333 |
Berlin's loan sizing saw the bucket of loans from $200k-400k with 204 originations, totaling $55,770,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 194 | $47,510,000 | $244,897 |
| 60-80% | 167 | $42,445,000 | $254,162 |
| 20-40% | 89 | $8,425,000 | $94,663 |
| 40-60% | 88 | $15,460,000 | $175,682 |
| Under 20% | 74 | $3,280,000 | $44,324 |
| Over 100% | 4 | $1,380,000 | $345,000 |
Berlin's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 194 originations, totaling $47,510,000 in origination value.