NEW HAVEN - MILFORD Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in New Haven - Milford averaged
6.58%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.51% and
one month ago for the week of 2024-10-03, the
average rate was 5.91%.
New Haven - Milford's average rate one year ago was 7.75%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.91%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| New Haven - Milford 30 Year Fixed Rate | 2024-11-07 | 6.58% |
| New Haven - Milford 30 Year Fixed Rate Refi | 2024-11-07 | 6.91% |
| New Haven - Milford 15 Year Fixed Rate | 2024-11-07 | 5.78% |
| New Haven - Milford 15 Year Fixed Rate Refi | 2024-11-07 | 6.6% |
| New Haven - Milford 30 Year FHA | 2024-11-07 | 6.2% |
| New Haven - Milford 30 Year FHA Refi | 2024-11-07 | 6.63% |
| New Haven - Milford 30 Year USDA | 2024-11-07 | 6.38% |
| New Haven - Milford 30 Year USDA Refi | 2024-11-07 | 6.58% |
| New Haven - Milford 30 Year VA | 2024-11-07 | 6.29% |
| New Haven - Milford 30 Year VA Refi | 2024-11-07 | 6.14% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within NEW HAVEN-MILFORD, CT.
NEW HAVEN - MILFORD 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 NEW HAVEN-MILFORD, CT 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.).
NEW HAVEN - MILFORD Average Closing Costs & Other Stats
NEW HAVEN-MILFORD, CT's 242 lenders originated 14,281
loans during 2023. The total origination value was $3,738,435,000, with an average loan value of
$261,777.
NEW HAVEN - MILFORD's average closing costs are $5,994.
The top NEW HAVEN - MILFORD lender as defined by loan originations is QUICKEN LOANS, LLC, with
416 loans originated. Their average total fees are
$7,703, which is $326
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee NEW HAVEN - MILFORD lenders (with over 10 loans originated) are
Webster Bank ($3,365), MEMBERS MORTGAGE COMPANY, INC. ($3,524), The Torrington Savings Bank ($3,808), Thomaston Savings Bank ($4,065) and HOMESTEAD FUNDING CORP. ($4,314).
The lowest rate NEW HAVEN - MILFORD lenders (with over 10 loans originated) are
Union Savings Bank (5.22%), SIKORSKY FINANCIAL (5.58%), Northwest Community Bank (5.79%), Morgan Stanley Private Bank (5.84%) and Thomaston Savings Bank (5.91%).
NEW HAVEN-MILFORD, CT 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 | $221,825,000 | $195,715,000 | -11.8% | 5.2% |
| Liberty Bank | $302,610,000 | $194,625,000 | -35.7% | 5.2% |
| QUICKEN LOANS, LLC | $269,605,000 | $183,390,000 | -32.0% | 4.9% |
| TOTAL MORTGAGE SERVICES, LLC | $189,055,000 | $150,640,000 | -20.3% | 4.0% |
| Citizens Bank | $232,465,000 | $129,435,000 | -44.3% | 3.5% |
| Webster Bank | $196,635,000 | $126,705,000 | -35.6% | 3.4% |
| Bank of America | $104,695,000 | $83,040,000 | -20.7% | 2.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $105,550,000 | $78,465,000 | -25.7% | 2.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $96,175,000 | $74,980,000 | -22.0% | 2.0% |
| FIRST WORLD MORTGAGE CORPORATION | $73,500,000 | $73,595,000 | 0.1% | 2.0% |
| Newtown Savings Bank | $76,650,000 | $66,335,000 | -13.5% | 1.8% |
| Thomaston Savings Bank | $53,700,000 | $65,715,000 | 22.4% | 1.8% |
| TD Bank | $65,875,000 | $63,650,000 | -3.4% | 1.7% |
| SIKORSKY FINANCIAL | $76,465,000 | $61,960,000 | -19.0% | 1.7% |
| The Washington Trust Company, of Westerly | $4,810,000 | $58,470,000 | 1,115.6% | 1.6% |
| M&T Bank | $64,060,000 | $56,395,000 | -12.0% | 1.5% |
| Guilford Savings Bank The | $40,935,000 | $56,125,000 | 37.1% | 1.5% |
| Ion Bank | $87,455,000 | $51,195,000 | -41.5% | 1.4% |
| MOVEMENT MORTGAGE, LLC | $65,575,000 | $51,060,000 | -22.1% | 1.4% |
| JPMorgan Chase Bank | $70,805,000 | $50,725,000 | -28.4% | 1.4% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $88,230,000 | $49,290,000 | -44.1% | 1.3% |
| GUARANTEED RATE AFFINITY, LLC | $93,860,000 | $47,235,000 | -49.7% | 1.3% |
| Santander Bank, N.A. | $19,825,000 | $47,185,000 | 138.0% | 1.3% |
| NORWICH COMMERCIAL GROUP, INC. | $50,465,000 | $45,760,000 | -9.3% | 1.2% |
| GREYSTONE SERVICING COMPANY LLC | $55,420,000 | $45,095,000 | -18.6% | 1.2% |
| NEWREZ LLC | $27,345,000 | $43,175,000 | 57.9% | 1.2% |
| GUARANTEED RATE, INC. | $80,775,000 | $38,840,000 | -51.9% | 1.0% |
| Savings Bank of Danbury | $19,400,000 | $36,850,000 | 89.9% | 1.0% |
| WALKER & DUNLOP, LLC | $70,455,000 | $35,525,000 | -49.6% | 1.0% |
| LOANDEPOT.COM, LLC | $147,535,000 | $34,675,000 | -76.5% | 0.9% |
| PLAZA HOME MORTGAGE, INC. | $28,190,000 | $33,515,000 | 18.9% | 0.9% |
| Mortgage Research Center, LLC | $44,175,000 | $31,225,000 | -29.3% | 0.8% |
| WILLIAM RAVEIS MORTGAGE, LLC | $47,635,000 | $30,750,000 | -35.4% | 0.8% |
| The Milford Bank | $40,855,000 | $30,575,000 | -25.2% | 0.8% |
| MEMBERS MORTGAGE COMPANY, INC. | $44,660,000 | $30,185,000 | -32.4% | 0.8% |
| CONNEX CREDIT UNION | $13,220,000 | $27,170,000 | 105.5% | 0.7% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $43,755,000 | $26,065,000 | -40.4% | 0.7% |
| Wells Fargo Bank | $86,405,000 | $24,640,000 | -71.5% | 0.7% |
| KeyBank | $95,135,000 | $24,115,000 | -74.7% | 0.6% |
| CMG MORTGAGE, INC. | $3,100,000 | $24,060,000 | 676.1% | 0.6% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $54,755,000 | $22,990,000 | -58.0% | 0.6% |
| U.S. Bank | $47,915,000 | $22,765,000 | -52.5% | 0.6% |
| Prosperity Home Mortgage, LLC | $31,120,000 | $22,600,000 | -27.4% | 0.6% |
| Arbor Realty Trust, Inc. | $24,600,000 | $20,735,000 | -15.7% | 0.6% |
| Lakeland Bank | $20,555,000 | n/a | 0.5% | |
| Union Savings Bank | $11,780,000 | $19,845,000 | 68.5% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $48,760,000 | $19,100,000 | -60.8% | 0.5% |
| CARDINAL FINANCIAL | $17,540,000 | $19,060,000 | 8.7% | 0.5% |
| Chelsea Groton Bank | $9,700,000 | $19,035,000 | 96.2% | 0.5% |
| PROVINCE MORTGAGE ASSOCIATES, INC. | $16,760,000 | $17,860,000 | 6.6% | 0.5% |
| RF Renovo Management Company, LLC | $3,915,000 | $16,270,000 | 315.6% | 0.4% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $18,345,000 | $16,150,000 | -12.0% | 0.4% |
| First National Bank of America | $13,835,000 | $15,715,000 | 13.6% | 0.4% |
| COREVEST AMERICAN FINANCE LENDER LLC | $84,045,000 | $15,435,000 | -81.6% | 0.4% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $4,460,000 | $15,315,000 | 243.4% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $22,595,000 | $15,145,000 | -33.0% | 0.4% |
| Bank of England | $13,420,000 | $14,900,000 | 11.0% | 0.4% |
| Carrington Mortgage Services, LLC | $17,120,000 | $14,755,000 | -13.8% | 0.4% |
| CALIBER HOME LOANS, INC. | $68,095,000 | $14,545,000 | -78.6% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $33,285,000 | $13,680,000 | -58.9% | 0.4% |
| Citibank | $11,800,000 | $13,380,000 | 13.4% | 0.4% |
| T2 FINANCIAL LLC | $13,235,000 | n/a | 0.4% | |
| NAVY FEDERAL CREDIT UNION | $25,220,000 | $13,200,000 | -47.7% | 0.4% |
| ENVOY MORTGAGE, LTD | $24,040,000 | $12,675,000 | -47.3% | 0.3% |
| Evolve Bank & Trust | $11,580,000 | $12,445,000 | 7.5% | 0.3% |
| Morgan Stanley Private Bank | $17,970,000 | $12,410,000 | -30.9% | 0.3% |
| HOMESTEAD FUNDING CORP. | $10,145,000 | $12,375,000 | 22.0% | 0.3% |
| EQUITY RESOURCES, INC. | $26,130,000 | $11,945,000 | -54.3% | 0.3% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $8,300,000 | $11,800,000 | 42.2% | 0.3% |
| Flagstar Bank, FSB | $72,645,000 | $11,550,000 | -84.1% | 0.3% |
| PRYSMA LENDING GROUP, LLC | $14,235,000 | $10,575,000 | -25.7% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $8,970,000 | $10,240,000 | 14.2% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $35,475,000 | $10,215,000 | -71.2% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $10,515,000 | $9,945,000 | -5.4% | 0.3% |
| BROKER SOLUTIONS, INC. | $13,775,000 | $9,915,000 | -28.0% | 0.3% |
| NUTMEG STATE FINANCIAL | $12,875,000 | $9,890,000 | -23.2% | 0.3% |
| NATIONS DIRECT MORTGAGE, LLC | $1,945,000 | $9,655,000 | 396.4% | 0.3% |
| Eastern Bank | $1,250,000 | $9,210,000 | 636.8% | 0.2% |
| BETTER MORTGAGE CORPORATION | $15,515,000 | $8,800,000 | -43.3% | 0.2% |
| Northwest Community Bank | $5,110,000 | $8,055,000 | 57.6% | 0.2% |
| AMERICAN EAGLE FINANCIAL CREDIT UNION | $21,490,000 | $7,835,000 | -63.5% | 0.2% |
| The Torrington Savings Bank | $23,840,000 | $7,785,000 | -67.3% | 0.2% |
| First County Bank | $18,220,000 | $7,635,000 | -58.1% | 0.2% |
| USAA Federal Savings Bank | $8,485,000 | $7,430,000 | -12.4% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $7,390,000 | $7,265,000 | -1.7% | 0.2% |
| Discover Bank | $4,405,000 | $7,225,000 | 64.0% | 0.2% |
| OCMBC, INC. | $1,525,000 | $7,190,000 | 371.5% | 0.2% |
| GUILD MORTGAGE COMPANY | $11,900,000 | $7,150,000 | -39.9% | 0.2% |
| WASHINGTON TRUST MORTGAGE COMPANY LLC | $7,600,000 | $7,045,000 | -7.3% | 0.2% |
| DIGITAL Federal Credit Union | $1,705,000 | $6,660,000 | 290.6% | 0.2% |
| WATERBURY CONNECTICUT TEACHERS FEDERAL CREDIT UNION | $7,810,000 | $6,650,000 | -14.9% | 0.2% |
| UNITED NORTHERN MORTGAGE BANKERS LIMITED | $5,240,000 | $6,255,000 | 19.4% | 0.2% |
| Citadel Servicing Corporation | $1,055,000 | $5,895,000 | 458.8% | 0.2% |
| The Huntington National Bank | $9,360,000 | $5,780,000 | -38.2% | 0.2% |
| Century Mortgage Company DBA Century Lending Company | $400,000 | $5,775,000 | 1,343.8% | 0.2% |
| NBKC BANK | $6,910,000 | $5,745,000 | -16.9% | 0.2% |
| BMO Harris Bank | $250,000 | $5,560,000 | 2,124.0% | 0.1% |
| LIMA ONE CAPITAL, LLC | $5,225,000 | $5,545,000 | 6.1% | 0.1% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $8,725,000 | $5,515,000 | -36.8% | 0.1% |
| MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. | $3,305,000 | $5,320,000 | 61.0% | 0.1% |
| Northpointe Bank | $7,185,000 | $5,040,000 | -29.9% | 0.1% |
| CONSTRUCTIVE LOANS, LLC | $4,975,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL NETWORK, INC. | $4,795,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $7,355,000 | $4,670,000 | -36.5% | 0.1% |
| The Federal Savings Bank | $8,360,000 | $4,665,000 | -44.2% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $7,585,000 | $4,575,000 | -39.7% | 0.1% |
| Figure Lending LLC | $2,600,000 | $4,570,000 | 75.8% | 0.1% |
| BAY EQUITY LLC | $10,515,000 | $4,550,000 | -56.7% | 0.1% |
| PNC Bank | $8,595,000 | $4,545,000 | -47.1% | 0.1% |
| NBT Bank | $405,000 | $4,535,000 | 1,019.8% | 0.1% |
| EMM LOANS LLC | $1,085,000 | $4,530,000 | 317.5% | 0.1% |
| ARC HOME LLC | $6,730,000 | $4,470,000 | -33.6% | 0.1% |
| MORTGAGE EQUITY PARTNERS LLC | $630,000 | $4,410,000 | 600.0% | 0.1% |
| Essex Savings Bank | $3,360,000 | $4,365,000 | 29.9% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $5,780,000 | $4,365,000 | -24.5% | 0.1% |
| A&D Mortgage LLC | $6,975,000 | $4,340,000 | -37.8% | 0.1% |
| Stifel Bank and Trust | $4,265,000 | $4,270,000 | 0.1% | 0.1% |
| Logan Finance Corporation | $175,000 | $4,200,000 | 2,300.0% | 0.1% |
| Leader Bank | $5,490,000 | $4,145,000 | -24.5% | 0.1% |
| First Western Trust Bank | $4,060,000 | n/a | 0.1% | |
| CONTOUR MORTGAGE CORPORATION | $10,405,000 | $4,050,000 | -61.1% | 0.1% |
| FM Home Loans, LLC | $10,965,000 | $4,035,000 | -63.2% | 0.1% |
| CONNECTICUT STATE EMPLOYEES | $8,660,000 | $4,020,000 | -53.6% | 0.1% |
| NORTHPOINT MORTGAGE, INC. | $3,690,000 | $3,990,000 | 8.1% | 0.1% |
| First Horizon Bank | $4,725,000 | $3,780,000 | -20.0% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $5,840,000 | $3,625,000 | -37.9% | 0.1% |
| Keystone Funding, Inc. | $3,590,000 | n/a | 0.1% | |
| PANORAMA MORTGAGE GROUP, LLC | $5,845,000 | $3,550,000 | -39.3% | 0.1% |
| Ally Bank | $6,040,000 | $3,430,000 | -43.2% | 0.1% |
| Dime Bank | $5,365,000 | $3,320,000 | -38.1% | 0.1% |
| Hometown Equity Mortgage, LLC | $6,070,000 | $3,300,000 | -45.6% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $1,060,000 | $3,225,000 | 204.2% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $8,850,000 | $3,150,000 | -64.4% | 0.1% |
| Grandbridge Real Estate Capital LLC | $3,125,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $3,110,000 | $3,125,000 | 0.5% | 0.1% |
| MORTGAGE MARKETS CUSO, LLC | $3,305,000 | $3,045,000 | -7.9% | 0.1% |
| ALLIED MORTGAGE GROUP, INC. | $5,605,000 | $3,015,000 | -46.2% | 0.1% |
| First Federal Bank | $4,270,000 | $2,990,000 | -30.0% | 0.1% |
| MembersFirst CT FCU | $3,625,000 | $2,915,000 | -19.6% | 0.1% |
| NexBank | $605,000 | $2,915,000 | 381.8% | 0.1% |
| GENERAL ELECTRIC EMPLOYEES FEDERAL CREDIT UNION | $4,315,000 | $2,860,000 | -33.7% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $1,780,000 | $2,800,000 | 57.3% | 0.1% |
| NFM, INC. | $2,810,000 | $2,765,000 | -1.6% | 0.1% |
| AFFINITY | $2,575,000 | $2,690,000 | 4.5% | 0.1% |
| Goldman Sachs Bank USA | $3,005,000 | $2,660,000 | -11.5% | 0.1% |
| ACHIEVE FINANCIAL | $1,930,000 | $2,625,000 | 36.0% | 0.1% |
| 360 Federal Credit Union | $370,000 | $2,590,000 | 600.0% | 0.1% |
| Equity Prime Mortgage LLC | $8,730,000 | $2,590,000 | -70.3% | 0.1% |
| Waterstone Mortgage Corporation | $295,000 | $2,575,000 | 772.9% | 0.1% |
| CLIFFCO, INC. | $385,000 | $2,555,000 | 563.6% | 0.1% |
| EMBRACE HOME LOANS, INC. | $7,515,000 | $2,535,000 | -66.3% | 0.1% |
| EVERETT FINANCIAL, INC. | $10,105,000 | $2,455,000 | -75.7% | 0.1% |
| Flushing Bank | $2,355,000 | n/a | 0.1% | |
| MUTUAL SECURITY CREDIT UNION | $9,205,000 | $2,355,000 | -74.4% | 0.1% |
| Fairfield County Bank | $9,805,000 | $2,340,000 | -76.1% | 0.1% |
| Magnolia Bank | $4,350,000 | $2,285,000 | -47.5% | 0.1% |
| Plains Commerce Bank | $600,000 | $2,275,000 | 279.2% | 0.1% |
| Hanover Community Bank | $7,340,000 | $2,225,000 | -69.7% | 0.1% |
| US MORTGAGE CORPORATION | $1,550,000 | $2,225,000 | 43.5% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $925,000 | $2,220,000 | 140.0% | 0.1% |
| ZILLOW HOME LOANS, LLC | $4,355,000 | $2,160,000 | -50.4% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $2,765,000 | $2,145,000 | -22.4% | 0.1% |
| City National Bank | $5,965,000 | $2,095,000 | -64.9% | 0.1% |
| PULTE MORTGAGE LLC | $490,000 | $2,075,000 | 323.5% | 0.1% |
| Commerce Home Mortgage, Inc. | $245,000 | $2,070,000 | 744.9% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $2,065,000 | n/a | 0.1% | |
| AMWEST FUNDING CORP. | $785,000 | $2,060,000 | 162.4% | 0.1% |
| Charter Oak Federal Credit Union | $4,295,000 | $2,050,000 | -52.3% | 0.1% |
| The Loan Store, Inc. | $2,050,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $2,190,000 | $2,025,000 | -7.5% | 0.1% |
| Toyota Financial Savings Bank | $2,005,000 | n/a | 0.1% | |
| NEXERA HOLDING LLC | $1,405,000 | $1,910,000 | 35.9% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $2,685,000 | $1,900,000 | -29.2% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $865,000 | $1,895,000 | 119.1% | 0.1% |
| Bethpage Federal Credit Union | $56,400,000 | $1,870,000 | -96.7% | 0.1% |
| Quontic Bank | $6,390,000 | $1,855,000 | -71.0% | 0.0% |
| RESIDENTIAL HOME FUNDING CORP. | $1,685,000 | $1,820,000 | 8.0% | 0.0% |
| NEW DAY FINANCIAL, LLC | $4,205,000 | $1,775,000 | -57.8% | 0.0% |
| PeoplesBank | $1,900,000 | $1,760,000 | -7.4% | 0.0% |
| Habib American Bank | $1,715,000 | n/a | 0.0% | |
| NP, Inc. | $1,680,000 | n/a | 0.0% | |
| PREMIA MORTGAGE, LLC | $985,000 | $1,630,000 | 65.5% | 0.0% |
| LAKEVIEW LOAN SERVICING, LLC | $8,455,000 | $1,625,000 | -80.8% | 0.0% |
| PLANET HOME LENDING, LLC | $2,735,000 | $1,600,000 | -41.5% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $5,055,000 | $1,595,000 | -68.4% | 0.0% |
| Truist | $4,520,000 | $1,590,000 | -64.8% | 0.0% |
| Seasons Federal Credit Union | $1,330,000 | $1,585,000 | 19.2% | 0.0% |
| MLB RESIDENTIAL LENDING, LLC | $1,415,000 | $1,555,000 | 9.9% | 0.0% |
| Berkshire Bank | $3,030,000 | $1,530,000 | -49.5% | 0.0% |
| NBH Bank | $775,000 | $1,510,000 | 94.8% | 0.0% |
| OAKTREE FUNDING CORP. | $685,000 | $1,505,000 | 119.7% | 0.0% |
| East Coast Capital Corp. | $3,535,000 | $1,500,000 | -57.6% | 0.0% |
| Sierra Pacific Mortgage Company, Inc. | $1,790,000 | $1,475,000 | -17.6% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $865,000 | $1,450,000 | 67.6% | 0.0% |
| Lakeview Community Capital, LLC | $4,100,000 | $1,440,000 | -64.9% | 0.0% |
| EASTERN CONNECTICUT SAVINGS BANK | $5,805,000 | $1,405,000 | -75.8% | 0.0% |
| SILVER HILL FUNDING, LLC | $16,535,000 | $1,395,000 | -91.6% | 0.0% |
| PHH Mortgage Corporation | $5,225,000 | $1,390,000 | -73.4% | 0.0% |
| SCIENT Federal Credit Union | $1,960,000 | $1,385,000 | -29.3% | 0.0% |
| 1ST 2ND MORTGAGE COMPANY OF N.J., INC. | $2,035,000 | $1,320,000 | -35.1% | 0.0% |
| NJ LENDERS CORP. | $2,565,000 | $1,300,000 | -49.3% | 0.0% |
| The First Bank of Greenwich | $1,235,000 | n/a | 0.0% | |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $1,140,000 | $1,230,000 | 7.9% | 0.0% |
| UBS Bank USA | $6,575,000 | $1,230,000 | -81.3% | 0.0% |
| JET DIRECT FUNDING CORP | $2,510,000 | $1,220,000 | -51.4% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $315,000 | $1,220,000 | 287.3% | 0.0% |
| BancorpSouth | $1,195,000 | n/a | 0.0% | |
| First State Bank and Trust | $1,195,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $4,115,000 | $1,195,000 | -71.0% | 0.0% |
| Farmers Bank & Trust | $1,170,000 | n/a | 0.0% | |
| The Dutch Point Credit Union, Inc. | $550,000 | $1,160,000 | 110.9% | 0.0% |
| USAlliance Federal Credit Union | $2,795,000 | $1,150,000 | -58.9% | 0.0% |
| LOANPAL, LLC | $2,010,000 | $1,130,000 | -43.8% | 0.0% |
| Metro City Bank | $2,195,000 | $1,105,000 | -49.7% | 0.0% |
| ACADEMY MORTGAGE CORPORATION | $770,000 | $1,080,000 | 40.3% | 0.0% |
| Farm Credit East, ACA | $455,000 | $1,065,000 | 134.1% | 0.0% |
| First Republic Bank | $13,375,000 | $1,060,000 | -92.1% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $610,000 | $1,045,000 | 71.3% | 0.0% |
| GUIDANCE RESIDENTIAL, LLC | $1,395,000 | $1,035,000 | -25.8% | 0.0% |
| Avidia Bank | $225,000 | $1,025,000 | 355.6% | 0.0% |
| HUDSON VALLEY CREDIT UNION | $495,000 | $1,015,000 | 105.1% | 0.0% |
| SECURITYNATIONAL MORTGAGE COMPANY | $1,015,000 | n/a | 0.0% | |
| Loan Simple, Inc. | $995,000 | n/a | 0.0% | |
| Valley National Bank | $4,600,000 | $985,000 | -78.6% | 0.0% |
| BNC National Bank | $1,740,000 | $970,000 | -44.3% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $855,000 | $965,000 | 12.9% | 0.0% |
| Easthampton Savings Bank | $930,000 | n/a | 0.0% | |
| HARTFORD FUNDING, LTD. | $385,000 | $930,000 | 141.6% | 0.0% |
| Charles Schwab Bank, SSB | $3,400,000 | $915,000 | -73.1% | 0.0% |
| TEACHERS | $1,520,000 | $890,000 | -41.4% | 0.0% |
| Baxter Credit Union | $895,000 | $880,000 | -1.7% | 0.0% |
| CANOPY MORTGAGE, LLC | $850,000 | n/a | 0.0% | |
| Residential Mortgage Solutions, Inc. | $845,000 | n/a | 0.0% | |
| GEORGIA'S OWN | $325,000 | $815,000 | 150.8% | 0.0% |
| North American Savings Bank, F.S.B. | $3,105,000 | $795,000 | -74.4% | 0.0% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $1,290,000 | $790,000 | -38.8% | 0.0% |
| FIRST MORTGAGE COMPANY, INC. | $785,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $760,000 | n/a | 0.0% | |
| Presidential Bank, FSB | $745,000 | n/a | 0.0% | |
| First IC Corporation | $740,000 | n/a | 0.0% | |
| FINANCE OF AMERICA MORTGAGE LLC | $27,910,000 | $735,000 | -97.4% | 0.0% |
| ALLIANT CREDIT UNION | $1,970,000 | $720,000 | -63.5% | 0.0% |
| United Nations Federal Credit Union | $1,135,000 | $710,000 | -37.4% | 0.0% |
| Raymond James Bank | $745,000 | $685,000 | -8.1% | 0.0% |
| Commerce Bank | $675,000 | n/a | 0.0% | |
| ASSOCIATED MORTGAGE BANKERS, INC. | $265,000 | $670,000 | 152.8% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $10,455,000 | $670,000 | -93.6% | 0.0% |
| TOWER | $655,000 | n/a | 0.0% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $295,000 | $650,000 | 120.3% | 0.0% |
| BOND STREET MORTGAGE, LLC | $650,000 | n/a | 0.0% | |
| AMCAP MORTGAGE, LTD. | $275,000 | $640,000 | 132.7% | 0.0% |
| First Savings Bank | $1,055,000 | $640,000 | -39.3% | 0.0% |
| SIRVA MORTGAGE, INC. | $620,000 | n/a | 0.0% | |
| BNY Mellon | $3,190,000 | $605,000 | -81.0% | 0.0% |
| RADIUS FINANCIAL GROUP INC. | $585,000 | $605,000 | 3.4% | 0.0% |
| Salisbury Bank and Trust Company | $380,000 | $605,000 | 59.2% | 0.0% |
| INTERSTATE HOME LOAN CENTER, INC. | $1,220,000 | $580,000 | -52.5% | 0.0% |
| ARK MORTGAGE, INC. | $560,000 | n/a | 0.0% | |
| HARVARD UNIVERSITY EMPLOYEES | $690,000 | $560,000 | -18.8% | 0.0% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $2,355,000 | $555,000 | -76.4% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $900,000 | $545,000 | -39.4% | 0.0% |
| Ameris Bank | $540,000 | n/a | 0.0% | |
| Semper Home Loans, Inc. | $1,580,000 | $535,000 | -66.1% | 0.0% |
| BRIDGEVIEW MORTGAGE CORP. | $205,000 | $510,000 | 148.8% | 0.0% |
| Westfield Bank | $465,000 | $510,000 | 9.7% | 0.0% |
| GuardHill Financial Corp. | $725,000 | $505,000 | -30.3% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $1,595,000 | $490,000 | -69.3% | 0.0% |
| Heritage Bank | $490,000 | n/a | 0.0% | |
| Bank of Hope | $520,000 | $485,000 | -6.7% | 0.0% |
| TruHome Solutions, LLC | $485,000 | n/a | 0.0% | |
| Jewett City Savings Bank | $480,000 | n/a | 0.0% | |
| GREENTREE MORTGAGE COMPANY, L.P. | $465,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $560,000 | $455,000 | -18.8% | 0.0% |
| Univest Bank and Trust Co. | $455,000 | n/a | 0.0% | |
| Abbott Laboratories Employees Credit Union | $445,000 | n/a | 0.0% | |
| JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. | $425,000 | n/a | 0.0% | |
| DREW MORTGAGE ASSOCIATES, INC. | $475,000 | $415,000 | -12.6% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $410,000 | n/a | 0.0% | |
| State Department Federal Credit Union | $410,000 | n/a | 0.0% | |
| Windosr Federal Savings & Loan Association | $410,000 | n/a | 0.0% | |
| Acre Mortgage and Financial Inc | $235,000 | $405,000 | 72.3% | 0.0% |
| FUNDLOANS CAPITAL | $635,000 | $405,000 | -36.2% | 0.0% |
| HARBORONE MORTGAGE, LLC | $1,940,000 | $405,000 | -79.1% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $405,000 | n/a | 0.0% | |
| The Central Trust Bank | $425,000 | $405,000 | -4.7% | 0.0% |
| Brighton Bank | $400,000 | n/a | 0.0% | |
| Gateway First Bank | $385,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $395,000 | $370,000 | -6.3% | 0.0% |
| STANFORD Federal Credit Union | $370,000 | n/a | 0.0% | |
| American Mortgage & Equity Consultants, Inc. | $355,000 | n/a | 0.0% | |
| The Farmers National Bank of Canfield | $355,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $40,000 | $345,000 | 762.5% | 0.0% |
| AmeriHome Mortgage Company, LLC | $1,355,000 | $340,000 | -74.9% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $4,885,000 | $335,000 | -93.1% | 0.0% |
| Strong Home Mortgage, LLC | $1,800,000 | $325,000 | -81.9% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $315,000 | n/a | 0.0% | |
| Navigant Credit Union | $130,000 | $315,000 | 142.3% | 0.0% |
| FINEX CREDIT UNION | $890,000 | $305,000 | -65.7% | 0.0% |
| FirstBank | $1,260,000 | $305,000 | -75.8% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $305,000 | n/a | 0.0% | |
| MLD MORTGAGE INC. | $1,300,000 | $305,000 | -76.5% | 0.0% |
| MORTGAGE ACCESS CORP. | $305,000 | n/a | 0.0% | |
| POLISH & SLAVIC FEDERAL CREDIT UNION | $225,000 | $305,000 | 35.6% | 0.0% |
| TOWNE MORTGAGE COMPANY | $315,000 | $305,000 | -3.2% | 0.0% |
| AMERITRUST MORTGAGE CORPORATION | $295,000 | n/a | 0.0% | |
| MID-ISLAND MORTGAGE CORP. | $915,000 | $295,000 | -67.8% | 0.0% |
| GREENWOOD | $325,000 | $290,000 | -10.8% | 0.0% |
| First Central Savings Bank | $285,000 | n/a | 0.0% | |
| MASSMUTUAL | $285,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP | $1,045,000 | $285,000 | -72.7% | 0.0% |
| Arvest Bank | $945,000 | $280,000 | -70.4% | 0.0% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $280,000 | n/a | 0.0% | |
| FOUNDATION MORTGAGE CORPORATION | $275,000 | n/a | 0.0% | |
| LEGEND LENDING CORPORATION | $275,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $840,000 | $275,000 | -67.3% | 0.0% |
| 21ST MORTGAGE CORPORATION | $55,000 | $270,000 | 390.9% | 0.0% |
| Service Federal Credit Union | $75,000 | $270,000 | 260.0% | 0.0% |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $1,040,000 | $265,000 | -74.5% | 0.0% |
| Connexus Credit Union | $255,000 | n/a | 0.0% | |
| Nations Lending Corporation | $280,000 | $255,000 | -8.9% | 0.0% |
| Shamrock Home Loans, Inc. | $145,000 | $255,000 | 75.9% | 0.0% |
| FIRST TECHNOLOGY | $15,000 | $245,000 | 1,533.3% | 0.0% |
| Ixonia Bank | $245,000 | n/a | 0.0% | |
| Municipal Credit Union | $245,000 | n/a | 0.0% | |
| PATRIOT ONE MORTGAGE BANKERS, LLC | $245,000 | n/a | 0.0% | |
| University Bank | $245,000 | n/a | 0.0% | |
| General Mortgage Capital Corporation | $235,000 | n/a | 0.0% | |
| NATIONS RELIABLE LENDING, LLC | $235,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $170,000 | $235,000 | 38.2% | 0.0% |
| UTILITIES EMPLOYEES CREDIT UNION | $80,000 | $230,000 | 187.5% | 0.0% |
| WESTERLY COMMUNITY | $230,000 | n/a | 0.0% | |
| Cf Bank | $225,000 | n/a | 0.0% | |
| NATION ONE MORTGAGE CORPORATION | $225,000 | n/a | 0.0% | |
| WALL STREET MORTGAGE BANKERS, LTD. | $960,000 | $225,000 | -76.6% | 0.0% |
| AMERICAN FINANCING CORPORATION | $3,115,000 | $220,000 | -92.9% | 0.0% |
| BankNewport | $640,000 | $215,000 | -66.4% | 0.0% |
| Old National Bank | $215,000 | n/a | 0.0% | |
| UIF CORPORATION | $215,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $225,000 | $205,000 | -8.9% | 0.0% |
| The Camden National Bank | $205,000 | n/a | 0.0% | |
| EQUITY NOW INC. | $285,000 | $195,000 | -31.6% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $195,000 | n/a | 0.0% | |
| United Business & Industry FCU | $195,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $1,915,000 | $190,000 | -90.1% | 0.0% |
| KINECTA | $380,000 | $185,000 | -51.3% | 0.0% |
| American Airlines Federal Credit Union | $1,170,000 | $175,000 | -85.0% | 0.0% |
| Fifth Third Bank | $915,000 | $175,000 | -80.9% | 0.0% |
| Independent Bank | $175,000 | n/a | 0.0% | |
| NORTHEAST HOME LOAN, LLC | $385,000 | $175,000 | -54.5% | 0.0% |
| Signature Federal Credit Union | $175,000 | n/a | 0.0% | |
| Peapack-Gladstone Bank | $505,000 | $165,000 | -67.3% | 0.0% |
| Rhode Island Credit Union | $165,000 | n/a | 0.0% | |
| N R L Federal Credit Union | $155,000 | n/a | 0.0% | |
| GSF Mortgage Corporation | $135,000 | n/a | 0.0% | |
| INOVA FEDERAL CREDIT UNION | $940,000 | $130,000 | -86.2% | 0.0% |
| Fidelity Bank | $115,000 | n/a | 0.0% | |
| ADVANCIAL | $285,000 | $105,000 | -63.2% | 0.0% |
| Ballston Spa National Bank | $45,000 | $105,000 | 133.3% | 0.0% |
| CorePlus Federal Credit Union | $105,000 | n/a | 0.0% | |
| FIRST CREDIT CORPORATION OF NEW YORK, INC. | $85,000 | $105,000 | 23.5% | 0.0% |
| Southwest Airlines Federal Credit Union | $45,000 | $105,000 | 133.3% | 0.0% |
| UNION HOME MORTGAGE CORP. | $635,000 | $95,000 | -85.0% | 0.0% |
| United States Senate Federal Credit Union | $55,000 | $85,000 | 54.5% | 0.0% |
| JUSTICE Federal Credit Union | $460,000 | $80,000 | -82.6% | 0.0% |
| CHARTWAY FEDERAL CREDIT UNION | $65,000 | n/a | 0.0% | |
| Parda Federal Credit Union | $65,000 | n/a | 0.0% | |
| The People's Credit Union | $65,000 | $55,000 | -15.4% | 0.0% |
| THRIVENT Federal Credit Union | $45,000 | n/a | 0.0% |
NEW HAVEN - MILFORD's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 5.2% market share. In second place, with 5.2%, is Liberty Bank, having originated $194,625,000 in loans. In third place, with 4.9%, is QUICKEN LOANS, LLC, having originated $183,390,000 in loans. In fourth place, with 4.0%, is TOTAL MORTGAGE SERVICES, LLC, having originated $150,640,000 in loans. In fifth place, with 3.5%, is Citizens Bank, having originated $129,435,000 in loans.
NEW HAVEN-MILFORD, CT Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 8,100 | $2,527,260,000 | $312,007 |
| Cash Out Refi | 1,882 | $440,610,000 | $234,118 |
| Home Improvement | 1,580 | $191,490,000 | $121,196 |
| Other | 1,544 | $162,910,000 | $105,512 |
| Refi | 1,175 | $416,165,000 | $354,183 |
New Haven - Milford's most frequently cited loan purpose was Home Purchase, with 8,100 originations. The 2nd most popular reason was Cash Out Refi, with 1,882 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 4,831 | $1,496,425,000 | $309,755 |
| 7-8% | 2,797 | $801,655,000 | $286,612 |
| Over 8% | 2,190 | $348,570,000 | $159,164 |
| 5-6% | 2,085 | $687,345,000 | $329,662 |
| <2.5% | 770 | $17,200,000 | $22,338 |
| 4-5% | 424 | $136,700,000 | $322,406 |
| 2.5-3% | 98 | $17,190,000 | $175,408 |
| 3-4% | 65 | $10,435,000 | $160,538 |
During 2023, New Haven - Milford's most frequently originated rate bucket was 6-7%, with 4,831 originations.
Loan Sizing (NEW HAVEN-MILFORD, CT MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 5,825 | $1,642,375,000 | $281,953 |
| $100,000 or less | 3,670 | $175,980,000 | $47,951 |
| $100k-200k | 3,047 | $443,335,000 | $145,499 |
| $400k-600k | 1,240 | $582,660,000 | $469,887 |
| $600k-1000k | 366 | $261,930,000 | $715,656 |
| $Over $1MM | 133 | $632,155,000 | $4,753,045 |
NEW HAVEN - MILFORD's loan sizing saw the bucket of loans from $200k-400k with 5,825 originations, totaling $1,642,375,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 4,731 | $1,511,515,000 | $319,492 |
| 60-80% | 3,017 | $1,223,695,000 | $405,600 |
| Under 20% | 2,621 | $124,355,000 | $47,446 |
| 20-40% | 1,644 | $214,840,000 | $130,681 |
| 40-60% | 1,161 | $381,155,000 | $328,299 |
| Over 100% | 94 | $100,800,000 | $1,072,340 |
NEW HAVEN - MILFORD's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 4,731 originations, totaling $1,511,515,000 in origination value.