Berlin Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Berlin averaged 7.17% for the week of 2024-07-18, compared to the national average of 6.77% for the same period.

The average rate for the prior week (2024-07-11) was 7.29% and one month ago for the week of 2024-06-13, the average rate was 7.05%.

Berlin's average rate one year ago was 7.06%.

For refis of the same type during the week of 2024-07-18, the average rate was 6.97%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-18 6.77%
Berlin 30 Year Fixed Rate 2024-07-18 7.17%
Berlin 30 Year Fixed Rate Refi 2024-07-18 6.97%
Berlin 15 Year Fixed Rate 2024-07-18 6.15%
Berlin 15 Year Fixed Rate Refi 2024-07-18 6.15%
Berlin 30 Year FHA 2024-07-18 6.79%
Berlin 30 Year FHA Refi 2024-07-18 6.49%
Berlin 30 Year USDA 2024-07-18 6.83%
Berlin 30 Year USDA Refi 2024-07-18 6.63%
Berlin 30 Year VA 2024-07-18 6.1%
Berlin 30 Year VA Refi 2024-07-18 6.3%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 22 7.20% $4,440
Northway Bank 17 7.13% $3,914
QUICKEN LOANS, LLC 17 6.88% $6,730
Union Bank 14 6.69% $4,275
CMG MORTGAGE, INC. 10 6.92% $4,414
NORTHEAST CREDIT UNION 10 5.24% $1,797
PRIMELENDING, A PLAINSCAPITAL COMPANY 8 7.58% $8,267
Bank of New Hampshire 8 7.14% $3,441
GUILD MORTGAGE COMPANY 7 7.09% $3,700
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.94% $5,490
Bangor Savings Bank 5 7.43% $3,780
Citizens Bank 5 6.88% $4,137
Service Federal Credit Union 5 6.15% $2,826
Mascoma Bank 5 7.08% $3,037
Meredith Village Savings Bank 5 6.98% $3,347
Mortgage Research Center, LLC 3 6.67% $2,129
MOVEMENT MORTGAGE, LLC 3 7.02% $3,531
NEWREZ LLC 3 7.25% $9,263
TD Bank 3 7.13% $3,470
NORTHEAST HOME LOAN, LLC 3 6.67% $3,666
Mr. Cooper ( Nationstar Mortgage ) 2 7.31% $5,905
Bethpage Federal Credit Union 2 6.88% $4,323
American Mortgage & Equity Consultants, Inc. 2 6.93% $5,271
Leader Bank 2 6.93% $4,385
LOANDEPOT.COM, LLC 2 6.81% $3,720
Citibank 2 5.69% $6,146
ZILLOW HOME LOANS, LLC 2 7.63% $4,894
NORTHPOINT MORTGAGE, INC. 2 6.94% $3,431
GUARANTEED RATE, INC. 2 6.63% $6,036
ST. MARY'S BANK 2 7.38% $3,215
Holy Rosary Regional Credit Union 2 7.56% $2,821
HOMESIDE FINANCIAL, LLC 2 6.94% $4,405
NATIONS RELIABLE LENDING, LLC 2 6.38% $4,027
EMM LOANS LLC 2 6.93% $8,669
WASHINGTON TRUST MORTGAGE COMPANY LLC 1 5.38% $3,467
Merrimack County Savings Bank 1 7.63% $3,784
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.63% $11,103
AMERISAVE MORTGAGE CORPORATION 1 7.50% $7,358
Bar Harbor Bank & Trust 1 8.13% $3,735
BELLWETHER COMMUNITY 1 7.38% $14,644
Community Bank 1 5.88% $38
CROSSCOUNTRY MORTGAGE, LLC 1 7.50% $5,590
EMBRACE HOME LOANS, INC. 1 7.38% $3,146
ENVOY MORTGAGE, LTD 1 5.88% $12,997
Equity Prime Mortgage LLC 1 7.63% $4,908
Firstrust Savings Bank 1 6.50% $13,421
Flagstar Bank, FSB 1 6.57% $4,343
GUARANTEED RATE AFFINITY, LLC 1 7.13% $3,832
HARBORONE MORTGAGE, LLC 1 6.88% $3,607
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.88% $1,690
JPMorgan Chase Bank 1 6.99% $6,196
Keystone Funding, Inc. 1 6.63% $7,642
AMERICAN FINANCING CORPORATION 1 5.88% $5,572
MERRIMACK VALLEY 1 6.00% $2,566
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $6,726
NAVY FEDERAL CREDIT UNION 1 6.75% $1,741
NORTH COUNTRY 1 8.00% $5,278
Northpointe Bank 1 7.38% $4,905
Norway Savings Bank 1 8.25% $4,246
NORWICH COMMERCIAL GROUP, INC. 1 6.63% $6,099
PENNYMAC LOAN SERVICES, LLC 1 5.12% $7,803
PHH Mortgage Corporation 1 6.99% $4,135
Plains Commerce Bank 1 5.63% $8,481
PROVINCE MORTGAGE ASSOCIATES, INC. 1 7.88% $6,996
SALEM FIVE MORTGAGE COMPANY, LLC 1 6.38% $5,683
The Camden National Bank 1 7.49% $4,402
TOTAL MORTGAGE SERVICES, LLC 1 9.00% $9,974
Toyota Financial Savings Bank 1 7.33% $5,415
UniBank for Savings 1 7.00% $3,848

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.