Berlin Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Berlin averaged 7.12% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

    The average rate for the prior week (2023-09-07) was 6.86% and one month ago for the week of 2023-08-10, the average rate was 6.7%.

    Berlin's average rate one year ago was 5.43%.

    For refis of the same type during the week of 2023-09-14, the average rate was 7.58%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-14 7.18%
    Berlin 30 Year Fixed Rate 2023-09-14 7.12%
    Berlin 30 Year Fixed Rate Refi 2023-09-14 7.58%
    Berlin 15 Year Fixed Rate 2023-09-14 6.31%
    Berlin 15 Year Fixed Rate Refi 2023-09-14 6.61%
    Berlin 30 Year FHA 2023-09-14 7.09%
    Berlin 30 Year FHA Refi 2023-09-14 6.79%
    Berlin 30 Year USDA 2023-09-14 7.18%
    Berlin 30 Year USDA Refi 2023-09-14 6.98%
    Berlin 30 Year VA 2023-09-14 6.91%
    Berlin 30 Year VA Refi 2023-09-14 6.71%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Berlin, NH.

    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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Northway Bank 37 4.16% $3,084
    QUICKEN LOANS, LLC 35 5.13% $6,416
    Mascoma Bank 19 5.21% $3,187
    Union Bank 14 5.13% $3,272
    PRIMELENDING, A PLAINSCAPITAL COMPANY 12 4.76% $5,535
    Bank of New Hampshire 11 5.33% $3,128
    NORTHEAST CREDIT UNION 10 4.56% $3,783
    Bangor Savings Bank 9 4.69% $3,453
    UNITED WHOLESALE MORTGAGE, LLC 8 5.45% $5,573
    MOVEMENT MORTGAGE, LLC 6 4.91% $5,899
    LOANDEPOT.COM, LLC 6 5.02% $5,142
    Service Federal Credit Union 6 4.83% $2,653
    CMG MORTGAGE, INC. 6 5.01% $3,733
    Citizens Bank 5 4.40% $4,570
    GUILD MORTGAGE COMPANY 5 4.82% $4,444
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 5.77% $4,273
    DAS Acquisition Company, LLC 4 5.50% $5,396
    JPMorgan Chase Bank 4 3.94% $3,744
    Meredith Village Savings Bank 4 5.53% $2,977
    AMERISAVE MORTGAGE CORPORATION 4 4.59% $6,406
    BELLWETHER COMMUNITY 3 3.67% $3,788
    NEW FED MORTGAGE, CORP. 3 5.13% $5,311
    NORWICH COMMERCIAL GROUP, INC. 3 4.88% $4,620
    BROKER SOLUTIONS, INC. 2 5.81% $6,068
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 4.93% $5,549
    Bank of America 2 5.19% $3,471
    CALIBER HOME LOANS, INC. 2 6.63% $6,992
    Citibank 2 3.94% $4,703
    Community National Bank 2 5.44% $2,978
    CROSSCOUNTRY MORTGAGE, LLC 2 7.19% $6,127
    Firstrust Savings Bank 2 5.50% $9,818
    KeyBank 2 4.25% $4,745
    Morgan Stanley Private Bank 2 3.90% $3,244
    Mortgage Research Center, LLC 2 6.31% $855
    Mr. Cooper ( Nationstar Mortgage ) 2 5.81% $7,940
    RELIANCE FIRST CAPITAL, LLC 2 4.31% $11,553
    SALEM FIVE MORTGAGE COMPANY, LLC 2 4.31% $3,326
    Wells Fargo Bank 2 3.44% $3,191
    Holy Rosary Regional Credit Union 1 3.50% $2,871
    FirstBank 1 6.50% $3,140
    The Federal Savings Bank 1 5.25% $4,021
    Fall River Five Cents Savings Bank 1 5.38% $3,028
    ENVOY MORTGAGE, LTD 1 5.75% $6,845
    EMM LOANS LLC 1 4.99% $5,108
    Merrimack County Savings Bank 1 5.49% $3,096
    TOTAL MORTGAGE SERVICES, LLC 1 4.75% $4,231
    AmeriHome Mortgage Company, LLC 1 4.88% $10,843
    DRAPER AND KRAMER MORTGAGE CORP. 1 5.88% $13,665
    American Mortgage & Equity Consultants, Inc. 1 6.13% $8,372
    M&T Bank 1 3.63% $5,330
    Navigant Credit Union 1 7.50% $6,388
    NAVY FEDERAL CREDIT UNION 1 5.13% $2,226
    NEW ENGLAND FEDERAL CREDIT UNION 1 2.63% $2,141
    DIGITAL Federal Credit Union 1 4.88% $2,670
    NEW HAMPSHIRE 1 3.88% $2,519
    NEWREZ LLC 1 6.13% $7,166
    Deere Employees Credit Union 1 5.75% $2,027
    Northpointe Bank 1 5.49% $3,593
    NORTHPOINT MORTGAGE, INC. 1 4.38% $7,318
    Chicago Mortgage Solutions LLC 1 3.29% $6,712
    Norway Savings Bank 1 5.63% $3,381
    Charles Schwab Bank, SSB 1 2.60% $5,476
    PENNYMAC LOAN SERVICES, LLC 1 5.00% $3,123
    CARDINAL FINANCIAL 1 2.75% $2,483
    PROVINCE MORTGAGE ASSOCIATES, INC. 1 7.13% $10,637
    ALLIANT CREDIT UNION 1 2.88% $6,616
    U.S. Bank 1 4.25% $4,685
    VERMONT STATE EMPLOYEES 1 6.38% $4,713
    Santander Bank, N.A. 1 3.38% $3,188
    Bridgewater Savings Bank 1 5.50% $1,915
    Sierra Pacific Mortgage Company, Inc. 1 4.88% $7,028
    ST. MARY'S BANK 1 4.75% $2,839
    First Republic Bank 1 3.60% $4,145
    TD Bank 1 7.38% $597
    Flagstar Bank, FSB 1 3.25% $2,349
    Granite State Credit Union 1 4.25% $2,816
    GUARANTEED RATE AFFINITY, LLC 1 7.63% $4,364
    FIRST MORTGAGE COMPANY, INC. 1 6.50% $5,619
    HANSCOM 1 4.63% $3,030
    HARBORONE MORTGAGE, LLC 1 4.50% $7,602

    Berlin Average Closing Costs & Other Stats

    Berlin, NH's 80 lenders originated 788 loans during 2022. The total origination value was $145,630,000, with an average loan value of $184,810.

    Berlin's average closing costs are $4,195.

    The top Berlin lender as defined by loan originations is Northway Bank, with 37 loans originated. Their average total fees are $3,084, which is $3,332 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Berlin lenders (with over 10 loans originated) are Northway Bank ($3,084), Bank of New Hampshire ($3,128), Mascoma Bank ($3,187), Union Bank ($3,272) and NORTHEAST CREDIT UNION ($3,783).

    The lowest rate Berlin lenders (with over 10 loans originated) are Northway Bank (4.16%), NORTHEAST CREDIT UNION (4.56%), PRIMELENDING, A PLAINSCAPITAL COMPANY (4.76%), QUICKEN LOANS, LLC (5.13%) and Union Bank (5.13%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Northway Bank $16,710,000 $15,455,000 -7.5% 10.6%
    QUICKEN LOANS, LLC $21,065,000 $11,880,000 -43.6% 8.2%
    Citizens Bank $9,170,000 $7,425,000 -19.0% 5.1%
    Mascoma Bank $4,170,000 $7,190,000 72.4% 4.9%
    Service Federal Credit Union $4,185,000 $6,710,000 60.3% 4.6%
    Bank of New Hampshire $6,745,000 $6,695,000 -0.7% 4.6%
    Mortgage Research Center, LLC $5,420,000 $5,395,000 -0.5% 3.7%
    UNITED WHOLESALE MORTGAGE, LLC $4,815,000 $4,265,000 -11.4% 2.9%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $4,165,000 $3,865,000 -7.2% 2.7%
    Bangor Savings Bank $6,200,000 $3,855,000 -37.8% 2.6%
    Union Bank $6,835,000 $3,615,000 -47.1% 2.5%
    NORTHEAST CREDIT UNION $5,035,000 $3,595,000 -28.6% 2.5%
    GUILD MORTGAGE COMPANY $255,000 $3,115,000 1,121.6% 2.1%
    CMG MORTGAGE, INC. $3,480,000 $2,910,000 -16.4% 2.0%
    MOVEMENT MORTGAGE, LLC $975,000 $2,765,000 183.6% 1.9%
    JPMorgan Chase Bank $955,000 $2,390,000 150.3% 1.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,360,000 $2,095,000 54.0% 1.4%
    Citibank $2,000,000 n/a 1.4%
    LOANDEPOT.COM, LLC $3,350,000 $1,975,000 -41.0% 1.4%
    Meredith Village Savings Bank $2,130,000 $1,790,000 -16.0% 1.2%
    NAVY FEDERAL CREDIT UNION $2,095,000 $1,680,000 -19.8% 1.2%
    CROSSCOUNTRY MORTGAGE, LLC $2,270,000 $1,500,000 -33.9% 1.0%
    Morgan Stanley Private Bank $1,455,000 n/a 1.0%
    AMERISAVE MORTGAGE CORPORATION $2,530,000 $1,410,000 -44.3% 1.0%
    Community National Bank $180,000 $1,360,000 655.6% 0.9%
    Franklin Savings Bank $500,000 $1,235,000 147.0% 0.8%
    Mr. Cooper ( Nationstar Mortgage ) $800,000 $1,195,000 49.4% 0.8%
    HANSCOM $225,000 $1,150,000 411.1% 0.8%
    HARBORONE MORTGAGE, LLC $3,535,000 $1,080,000 -69.4% 0.7%
    Bank of America $1,720,000 $1,040,000 -39.5% 0.7%
    DRAPER AND KRAMER MORTGAGE CORP. $280,000 $1,000,000 257.1% 0.7%
    ST. MARY'S BANK $1,190,000 $960,000 -19.3% 0.7%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $630,000 $945,000 50.0% 0.6%
    Bar Harbor Bank & Trust $270,000 $820,000 203.7% 0.6%
    CALIBER HOME LOANS, INC. $480,000 $810,000 68.8% 0.6%
    DAS Acquisition Company, LLC $135,000 $800,000 492.6% 0.5%
    North Shore Bank, a Co-operative Bank $785,000 n/a 0.5%
    PENNYMAC LOAN SERVICES, LLC $2,290,000 $780,000 -65.9% 0.5%
    BROKER SOLUTIONS, INC. $1,045,000 $760,000 -27.3% 0.5%
    NORWICH COMMERCIAL GROUP, INC. $185,000 $680,000 267.6% 0.5%
    NEW DAY FINANCIAL, LLC $930,000 $665,000 -28.5% 0.5%
    NORTHPOINT MORTGAGE, INC. $280,000 $665,000 137.5% 0.5%
    SALEM FIVE MORTGAGE COMPANY, LLC $175,000 $650,000 271.4% 0.4%
    Firstrust Savings Bank $640,000 n/a 0.4%
    First Republic Bank $485,000 $615,000 26.8% 0.4%
    USAA Federal Savings Bank $1,950,000 $570,000 -70.8% 0.4%
    American Mortgage & Equity Consultants, Inc. $565,000 n/a 0.4%
    Wells Fargo Bank $2,460,000 $530,000 -78.5% 0.4%
    Charles Schwab Bank, SSB $525,000 n/a 0.4%
    RIVER WORKS $525,000 n/a 0.4%
    U.S. Bank $1,390,000 $520,000 -62.6% 0.4%
    KeyBank $275,000 $490,000 78.2% 0.3%
    LAKEVIEW LOAN SERVICING, LLC $630,000 $490,000 -22.2% 0.3%
    NEW FED MORTGAGE, CORP. $530,000 $485,000 -8.5% 0.3%
    BELLWETHER COMMUNITY $95,000 $465,000 389.5% 0.3%
    The Federal Savings Bank $685,000 $465,000 -32.1% 0.3%
    Carrington Mortgage Services, LLC $670,000 $455,000 -32.1% 0.3%
    RELIANCE FIRST CAPITAL, LLC $290,000 $450,000 55.2% 0.3%
    EMM LOANS LLC $1,920,000 $440,000 -77.1% 0.3%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $430,000 n/a 0.3%
    AmeriHome Mortgage Company, LLC $415,000 n/a 0.3%
    NEWREZ LLC $1,305,000 $385,000 -70.5% 0.3%
    NBKC BANK $375,000 n/a 0.3%
    NEW ENGLAND FEDERAL CREDIT UNION $790,000 $365,000 -53.8% 0.3%
    North American Savings Bank, F.S.B. $345,000 n/a 0.2%
    SIS BANCORP, MHC $345,000 n/a 0.2%
    Bank of England $340,000 n/a 0.2%
    DIGITAL Federal Credit Union $515,000 $340,000 -34.0% 0.2%
    BAYCOAST MORTGAGE COMPANY, LLC $95,000 $335,000 252.6% 0.2%
    TD Bank $1,915,000 $330,000 -82.8% 0.2%
    NORTHEAST HOME LOAN, LLC $3,495,000 $325,000 -90.7% 0.2%
    PROVINCE MORTGAGE ASSOCIATES, INC. $325,000 n/a 0.2%
    GUARANTEED RATE AFFINITY, LLC $290,000 $320,000 10.3% 0.2%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $1,170,000 $320,000 -72.6% 0.2%
    EMBRACE HOME LOANS, INC. $270,000 $315,000 16.7% 0.2%
    GUARANTEED RATE, INC. $4,235,000 $280,000 -93.4% 0.2%
    ENVOY MORTGAGE, LTD $365,000 $275,000 -24.7% 0.2%
    T2 FINANCIAL LLC $275,000 n/a 0.2%
    Lakeview Community Capital, LLC $265,000 n/a 0.2%
    VERMONT STATE EMPLOYEES $105,000 $265,000 152.4% 0.2%
    Winchester Co-operative Bank $255,000 n/a 0.2%
    Chicago Mortgage Solutions LLC $235,000 n/a 0.2%
    PENTAGON FEDERAL CREDIT UNION $540,000 $235,000 -56.5% 0.2%
    Norway Savings Bank $395,000 $230,000 -41.8% 0.2%
    Mortgage Assurance Inc. $225,000 n/a 0.2%
    FREEDOM MORTGAGE CORPORATION $2,735,000 $220,000 -92.0% 0.2%
    AMERICAN ADVISORS GROUP $215,000 n/a 0.1%
    LONGBRIDGE FINANCIAL, LLC $215,000 n/a 0.1%
    CENTRAL ONE FEDERAL CREDIT UNION $205,000 n/a 0.1%
    Merrimack County Savings Bank $665,000 $205,000 -69.2% 0.1%
    M&T Bank $205,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $105,000 $200,000 90.5% 0.1%
    FINANCE OF AMERICA REVERSE LLC $185,000 n/a 0.1%
    Figure Lending LLC $180,000 n/a 0.1%
    Members First Credit Union N.H. $310,000 $180,000 -41.9% 0.1%
    ALLIANT CREDIT UNION $175,000 n/a 0.1%
    Navigant Credit Union $175,000 n/a 0.1%
    The Camden National Bank $585,000 $165,000 -71.8% 0.1%
    FirstBank $155,000 n/a 0.1%
    EVERETT FINANCIAL, INC. $275,000 $150,000 -45.5% 0.1%
    Workers Credit Union $75,000 $150,000 100.0% 0.1%
    The Lowell Five Cent Savings Bank $145,000 n/a 0.1%
    BNC National Bank $135,000 n/a 0.1%
    FIRST MORTGAGE COMPANY, INC. $135,000 n/a 0.1%
    Nations Lending Corporation $755,000 $135,000 -82.1% 0.1%
    Granite State Credit Union $535,000 $125,000 -76.6% 0.1%
    NEW HAMPSHIRE $125,000 n/a 0.1%
    NFM, INC. $125,000 n/a 0.1%
    PHH Mortgage Corporation $125,000 n/a 0.1%
    REVERSE MORTGAGE FUNDING LLC $125,000 n/a 0.1%
    Sierra Pacific Mortgage Company, Inc. $315,000 $125,000 -60.3% 0.1%
    BETTER MORTGAGE CORPORATION $115,000 n/a 0.1%
    PNC Bank $115,000 n/a 0.1%
    Bridgewater Savings Bank $105,000 n/a 0.1%
    Fall River Five Cents Savings Bank $105,000 n/a 0.1%
    Mortgage Network, Inc. $380,000 $105,000 -72.4% 0.1%
    Santander Bank, N.A. $155,000 $95,000 -38.7% 0.1%
    Barrington Bank & Trust Company, N.A. $150,000 $85,000 -43.3% 0.1%
    Flagstar Bank, FSB $380,000 $85,000 -77.6% 0.1%
    Holy Rosary Regional Credit Union $265,000 $85,000 -67.9% 0.1%
    LEADERONE FINANCIAL CORPORATION $1,435,000 $85,000 -94.1% 0.1%
    Deere Employees Credit Union $80,000 n/a 0.1%
    Northpointe Bank $75,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $355,000 $65,000 -81.7% 0.0%
    TOTAL MORTGAGE SERVICES, LLC $470,000 $65,000 -86.2% 0.0%
    HarborOne Bank $35,000 n/a 0.0%

    Berlin's top lender by overall market share is Northway Bank, with 10.6% market share. In second place, with 8.2%, is QUICKEN LOANS, LLC, having originated $11,880,000 in loans. In third place, with 5.1%, is Citizens Bank, having originated $7,425,000 in loans. In fourth place, with 4.9%, is Mascoma Bank, having originated $7,190,000 in loans. In fifth place, with 4.6%, is Service Federal Credit Union, having originated $6,710,000 in loans.

    Berlin, NH Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 415 $90,535,000 $218,157
    Cash Out Refi 155 $25,185,000 $162,484
    Home Improvement 81 $7,915,000 $97,716
    Refi 80 $12,600,000 $157,500
    Other 57 $9,395,000 $164,825

    Berlin's most frequently cited loan purpose was Home Purchase, with 415 originations. The 2nd most popular reason was Cash Out Refi, with 155 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    4-5% 186 $35,760,000 $192,258
    3-4% 182 $34,220,000 $188,022
    5-6% 181 $35,525,000 $196,271
    6-7% 102 $16,640,000 $163,137
    2.5-3% 52 $9,870,000 $189,808
    <2.5% 41 $4,425,000 $107,927
    7-8% 30 $5,350,000 $178,333
    Over 8% 3 $415,000 $138,333

    During 2022, Berlin's most frequently originated rate bucket was 4-5%, with 186 originations.

    Loan Sizing (Berlin, NH MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 290 $40,770,000 $140,586
    $200k-400k 227 $61,965,000 $272,974
    $100,000 or less 225 $14,205,000 $63,133
    $400k-600k 32 $15,040,000 $470,000
    $600k-1000k 9 $6,445,000 $716,111
    $Over $1MM 5 $7,205,000 $1,441,000

    Berlin's loan sizing saw the bucket of loans from $100k-200k with 290 originations, totaling $40,770,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 273 $59,605,000 $218,333
    60-80% 245 $54,275,000 $221,531
    40-60% 109 $16,255,000 $149,128
    20-40% 94 $8,280,000 $88,085
    Under 20% 50 $2,310,000 $46,200
    Over 100% 4 $1,180,000 $295,000

    Berlin's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 273 originations, totaling $59,605,000 in origination value.