NORWICH - NEW LONDON Mortgage Rates

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

30 Year Fixed Rate mortgages in Norwich - New London averaged 6.07% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 6.08% and one month ago for the week of 2022-05-26, the average rate was 5.07%.

Norwich - New London's average rate one year ago was 3.24%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.65%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Norwich - New London 30 Year Fixed Rate 2022-06-30 6.07%
Norwich - New London 30 Year Fixed Rate Refi 2022-06-30 5.65%
Norwich - New London 15 Year Fixed Rate 2022-06-30 5.33%
Norwich - New London 15 Year Fixed Rate Refi 2022-06-30 5.09%
Norwich - New London 30 Year FHA 2022-06-30 5.42%
Norwich - New London 30 Year FHA Refi 2022-06-30 5.56%
Norwich - New London 30 Year USDA 2022-06-30 5.53%
Norwich - New London 30 Year USDA Refi 2022-06-30 5.72%
Norwich - New London 30 Year VA 2022-06-30 5.68%
Norwich - New London 30 Year VA Refi 2022-06-30 5.54%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within NORWICH-NEW LONDON, CT.

NORWICH - NEW LONDON Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the NORWICH-NEW LONDON, 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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 427 3.06% $5,395
UNITED WHOLESALE MORTGAGE, LLC 250 3.08% $4,570
LOANDEPOT.COM, LLC 216 3.00% $4,713
HOMESTEAD FUNDING CORP. 214 3.15% $3,135
Chelsea Groton Bank 206 3.14% $2,876
Charter Oak Federal Credit Union 173 3.29% $2,521
Prosperity Home Mortgage, LLC 158 3.17% $4,284
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 152 3.15% $4,489
NORWICH COMMERCIAL GROUP, INC. 145 3.21% $4,361
NAVY FEDERAL CREDIT UNION 139 3.42% $4,334
TOTAL MORTGAGE SERVICES, LLC 133 3.19% $4,392
Citizens Bank 115 3.07% $4,441
Liberty Bank 108 3.02% $3,647
Wells Fargo Bank 88 3.09% $3,993
HOME POINT FINANCIAL CORPORATION 86 3.04% $4,530
GUARANTEED RATE AFFINITY, LLC 80 3.12% $4,284
PRIMELENDING, A PLAINSCAPITAL COMPANY 78 3.27% $4,453
GUARANTEED RATE, INC. 78 3.05% $4,309
FREEDOM MORTGAGE CORPORATION 56 3.19% $3,415
Bank of America 55 2.78% $4,184
AMERISAVE MORTGAGE CORPORATION 53 3.04% $5,646
BETTER MORTGAGE CORPORATION 53 2.87% $3,664
NEWREZ LLC 51 3.13% $4,353
JPMorgan Chase Bank 50 3.02% $3,797
CorePlus Federal Credit Union 49 3.11% $3,833
WILLIAM RAVEIS MORTGAGE, LLC 48 3.01% $4,049
People's United Bank 45 3.05% $4,161
CROSSCOUNTRY MORTGAGE, LLC 45 3.21% $5,116
PENNYMAC LOAN SERVICES, LLC 44 3.08% $5,376
MOVEMENT MORTGAGE, LLC 41 3.12% $4,495
Mr. Cooper ( Nationstar Mortgage ) 40 3.39% $5,181
ALLIED MORTGAGE GROUP, INC. 38 3.38% $3,905
U.S. Bank 38 3.00% $3,709
FIRST WORLD MORTGAGE CORPORATION 37 3.13% $4,471
SCIENT Federal Credit Union 35 2.93% $2,806
The Washington Trust Company, of Westerly 35 3.00% $3,451
PRIMARY RESIDENTIAL MORTGAGE, INC. 32 3.09% $5,816
CALIBER HOME LOANS, INC. 25 3.12% $5,331
TD Bank 25 2.92% $4,087
KeyBank 25 3.09% $3,355
Berkshire Bank 24 3.15% $3,419
Webster Bank 24 2.84% $5,772
MUTUAL OF OMAHA MORTGAGE, INC. 22 3.11% $4,940
FINANCE OF AMERICA MORTGAGE LLC 22 3.32% $4,598
BROKER SOLUTIONS, INC. 19 3.16% $5,530
PROVIDENT FUNDING ASSOCIATES, L.P. 19 2.74% $3,370
AMERICAN EAGLE FINANCIAL CREDIT UNION 19 2.85% $4,537
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 18 3.00% $3,934
Flagstar Bank, FSB 16 3.32% $4,235
Eastern Bank 16 3.07% $4,085
HOMEBRIDGE FINANCIAL SERVICES, INC. 15 3.24% $4,582
MEMBERS MORTGAGE COMPANY, INC. 15 2.91% $2,594
SOFI LENDING CORP. 14 3.02% $3,843
PROVINCE MORTGAGE ASSOCIATES, INC. 14 3.38% $3,836
CONTOUR MORTGAGE CORPORATION 14 2.96% $3,832
WASHINGTON TRUST MORTGAGE COMPANY LLC 14 3.17% $3,655
RESIDENTIAL MORTGAGE SERVICES, INC. 13 3.14% $3,178
MORTGAGE MARKETS CUSO, LLC 13 3.01% $5,099
EMBRACE HOME LOANS, INC. 12 2.98% $4,894
Morgan Stanley Private Bank 12 2.66% $5,888
Northpointe Bank 11 3.34% $5,178
Paramount Residential Mortgage Group, Inc. 11 3.23% $4,676
Farm Credit East, ACA 11 3.59% $4,674
Centreville Bank 10 3.25% $3,346
NFM, INC. 10 3.18% $3,984
EQUITY RESOURCES, INC. 10 3.10% $3,557
HOMESIDE FINANCIAL, LLC 10 3.37% $4,816
Evolve Bank & Trust 10 2.91% $2,797
Wyndham Capital Mortgage, Inc. 9 3.12% $3,600
Manufacturers and Traders Trust Company 9 3.06% $4,718
InterContinental Capital Group, Inc 9 3.13% $5,153
WESTERLY COMMUNITY 9 3.06% $5,248
Bank of England 8 3.31% $5,049
First Guaranty Mortgage Corporation 8 2.95% $3,739
PHH Mortgage Corporation 8 3.48% $5,951
Watermark Capital, Inc. 8 2.72% $4,094
Atlantic Home Loans, Inc. 7 3.21% $3,439
HARBORONE MORTGAGE, LLC 7 3.05% $3,804
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 3.08% $4,096
Leader Bank 6 3.00% $3,452
EVERETT FINANCIAL, INC. 6 3.33% $2,767
Carrington Mortgage Services, LLC 6 4.52% $4,662
ARC HOME LLC 6 3.19% $6,385
PREMIA MORTGAGE, LLC 6 2.89% $3,862
PENTAGON FEDERAL CREDIT UNION 6 2.63% $2,654
NORTHPOINT MORTGAGE, INC. 6 3.04% $3,830
North American Savings Bank, F.S.B. 6 2.96% $1,643
AMERICAN FINANCIAL NETWORK, INC. 5 3.07% $9,632
Navigant Credit Union 5 2.88% $2,982
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 3.45% $3,633
ENVOY MORTGAGE, LTD 5 3.28% $3,517
BAYCOAST MORTGAGE COMPANY, LLC 5 2.88% $3,041
BAY EQUITY LLC 5 3.07% $4,774
Shamrock Home Loans, Inc. 5 3.03% $3,472
LAKEVIEW LOAN SERVICING, LLC 5 3.23% $3,902
AMERICAN FINANCING CORPORATION 5 3.07% $3,834
ZILLOW HOME LOANS, LLC 5 3.20% $4,099
DIGITAL Federal Credit Union 4 3.00% $3,449
PNC Bank 4 3.00% $3,504
PLAZA HOME MORTGAGE, INC. 4 3.47% $8,180
First Republic Bank 4 2.75% $6,502
AmeriHome Mortgage Company, LLC 4 3.59% $3,104
Citibank 4 2.72% $6,253
OCMBC, INC. 4 3.19% $5,711
CHURCHILL MORTGAGE CORPORATION 4 3.19% $4,637
SPRING EQ, LLC 4 2.88% $0
Stifel Bank and Trust 4 2.75% $2,607
EMM LOANS LLC 4 2.99% $7,609
UBS Bank USA 4 2.63% $8,639
USAA Federal Savings Bank 4 3.22% $5,679
Mortgage Research Center, LLC 4 3.09% $3,564
GUILD MORTGAGE COMPANY 3 2.92% $3,364
DRAPER AND KRAMER MORTGAGE CORP. 3 3.58% $3,570
First Home Bank 3 2.95% $7,136
Goldman Sachs Bank USA 3 2.53% $9,688
CMG MORTGAGE, INC. 3 3.29% $4,801
BNC National Bank 3 2.67% $3,363
Nations Lending Corporation 3 3.42% $8,650
BankNewport 3 3.00% $3,038
NUTMEG STATE FINANCIAL 3 3.83% $4,532
PLANET HOME LENDING, LLC 3 3.00% $1,311
ANGEL OAK MORTGAGE SOLUTIONS LLC 3 6.63% $10,644
Sanborn Mortgage Corporation 3 3.16% $4,405
NJ LENDERS CORP. 2 2.81% $3,653
Luxury Mortgage Corp. 2 3.56% $10,285
KELLER MORTGAGE, LLC 2 2.69% $4,291
Merchants Bank of Indiana 2 2.81% $2,082
INLAND BANK & TRUST 2 3.38% $3,946
Mortgage Network, Inc. 2 3.12% $3,672
CELEBRITY HOME LOANS, LLC 2 3.25% $3,925
Mortgage Unlimited, L.L.C. 2 3.06% $4,655
Westfield Bank 2 3.25% $3,501
Home Loan Investment Bank, F.S.B. 2 3.00% $4,382
NBKC BANK 2 2.81% $3,164
Paramount Bank 2 3.25% $3,158
Chicago Mortgage Solutions LLC 2 2.93% $2,515
First Savings Bank 2 3.00% $5,611
First Internet Bank of Indiana 2 3.12% $2,473
First Federal Bank 2 3.13% $12,921
PRYSMA LENDING GROUP, LLC 2 8.06% $11,598
AMERICAN INTERNET MORTGAGE, INC. 2 2.94% $3,025
Quontic Bank 2 5.69% $8,783
Republic Bank & Trust Company 2 3.06% $3,799
Santander Bank, N.A. 2 2.80% $4,107
SeaTrust Mortgage Company 2 2.99% $4,305
Service Federal Credit Union 2 3.06% $3,694
Strong Home Mortgage, LLC 2 2.88% $1,915
The Camden National Bank 2 2.88% $5,070
The Federal Savings Bank 2 3.06% $6,408
The Milford Bank 2 3.25% $8,030
The Torrington Savings Bank 2 3.19% $3,971
Thomaston Savings Bank 2 3.00% $3,038
Truist Bank 2 2.85% $5,534
DREW MORTGAGE ASSOCIATES, INC. 2 3.31% $4,760
UNITED MORTGAGE CORP. 2 3.75% $9,033
AMERICAN FEDERAL MORTGAGE CORPORATION 2 2.63% $2,319
Discover Bank 2 3.99% $0
A&D Mortgage LLC 2 4.38% $12,814
CHERRY CREEK MORTGAGE, LLC 1 2.87% $123
Northwest Federal Credit Union 1 3.13% $3,076
FM Home Loans, LLC 1 3.13% $4,568
ACADEMY MORTGAGE CORPORATION 1 3.25% $4,874
OAKTREE FUNDING CORP. 1 5.88% $10,447
ABSOLUTE HOME MORTGAGE CORPORATION 1 2.99% $3,466
OVM FINANCIAL, INC. 1 2.88% $4,487
Third Federal Savings and Loan Association of Cleveland 1 3.24% $295
KS StateBank 1 2.75% $2,456
PARKSIDE LENDING, LLC 1 3.25% $4,656
Assurance Financial Group, L.L.C. 1 2.75% $3,499
FIRST TECHNOLOGY 1 3.13% $2,509
PeoplesBank 1 2.75% $10,572
AMERICAN FINANCE HOUSE LARIBA 1 2.86% $2,169
First National Bank Texas 1 3.25% $2,592
Wilmington Savings Fund Society, FSB 1 3.38% $5,363
First National Bank of Omaha 1 3.13% $1,861
First National Bank of America 1 6.75% $6,495
POLARIS HOME FUNDING CORP. 1 3.25% $8,409
First Mortgage Solutions, LLC 1 3.38% $2,879
LEADERONE FINANCIAL CORPORATION 1 2.63% $3,187
Prime Choice Funding Inc. 1 2.75% $3,093
Colonial Savings, F.A. 1 3.25% $0
First Horizon Bank 1 3.38% $21,314
FIRST HOME MORTGAGE CORPORATION 1 3.38% $2,205
LENDERFI, INC. 1 2.63% $2,081
UniBank for Savings 1 2.88% $3,046
Union Savings Bank 1 2.75% $4,897
LENDSURE MORTGAGE CORP. 1 4.88% $11,022
RADIUS FINANCIAL GROUP INC. 1 2.88% $3,324
Raymond James Bank 1 2.50% $6,017
REDWOOD RESIDENTIAL ACQUISITION CORPORATION 1 3.13% $6,024
Reliabank Dakota 1 2.75% $5,547
LENOX FINANCIAL MORTGAGE CORPORATION 1 3.88% $3,280
RESIDENTIAL HOME FUNDING CORP. 1 3.38% $4,744
FirstBank 1 2.88% $2,455
Ross Mortgage Company, Inc. 1 3.38% $3,427
CLIFFCO, INC. 1 3.50% $5,501
Level One Bank 1 2.88% $4,073
AMERICAN HERITAGE FCU 1 3.00% $4,461
Ally Bank 1 3.25% $2,950
SECURITYNATIONAL MORTGAGE COMPANY 1 3.75% $4,054
VANDERBILT MORTGAGE AND FINANCE, INC. 1 3.00% $2,669
FINEX CREDIT UNION 1 3.00% $5,396
SIKORSKY FINANCIAL 1 2.50% $3,439
SIRVA MORTGAGE, INC. 1 3.25% $0
Citadel Servicing Corporation 1 6.00% $23,614
SOVEREIGN LENDING GROUP INCORPORATED 1 2.75% $5,807
Fairfield County Bank 1 3.25% $2,986
Envision Bank 1 2.88% $3,475
DAS Acquisition Company, LLC 1 3.63% $9,937
LUSO 1 2.75% $4,503
SUCCESS MORTGAGE PARTNERS, INC. 1 3.13% $2,716
Sunflower Bank 1 4.49% $4,919
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 3.75% $5,601
Ixonia Bank 1 3.25% $3,062
SUN WEST MORTGAGE COMPANY, INC. 1 3.25% $2,497
Metro City Bank 1 4.63% $5,660
Midwest Community Bank 1 2.88% $3,759
MLD MORTGAGE INC. 1 2.63% $2,867
Easthampton Savings Bank 1 3.13% $3,351
MORTGAGE 1 INCORPORATED 1 2.99% $5,108
MORTGAGE EQUITY PARTNERS LLC 1 3.00% $4,121
HSBC BANK USA, NATIONAL ASSOCIATION 1 2.89% $2,737
Cornerstone Bank 1 3.13% $3,408
Waterstone Mortgage Corporation 1 3.13% $4,265
AFFINITY 1 2.75% $2,717
Mortgage World Bankers, Inc. 1 3.50% $6,182
HOMESPIRE MORTGAGE CORPORATION 1 3.50% $4,996
Baxter Credit Union 1 3.25% $2,956
MSA MORTGAGE, LLC 1 3.50% $3,826
Bank Rhode Island 1 3.63% $3,558
NASA Federal Credit Union 1 4.13% $5,846
City National Bank 1 2.61% $8,309
The Union Bank Company 1 3.25% $3,220
Heartland Bank 1 3.00% $3,620
East Coast Capital Corp. 1 3.88% $5,102
Network Funding, L.P. 1 3.25% $3,862
West Town Bank & Trust 1 3.25% $5,918
Century Mortgage Company DBA Century Lending Company 1 3.88% $4,185
Capital Bank 1 2.99% $5,121
Charles Schwab Bank, SSB 1 2.63% $4,148
NORTHEAST HOME LOAN, LLC 1 3.38% $3,551
NORTHERN MORTGAGE SERVICES, LLC 1 2.50% $4,401
Gateway First Bank 1 3.25% $4,156

NORWICH-NEW LONDON, CT's 243 lenders originated 11,948 loans during 2021. The total origination value was $3,030,760,000, with an average loan value of $253,663.

The top NORWICH - NEW LONDON lender as defined by loan originations is QUICKEN LOANS, LLC, with 427 loans originated. Their average total fees are $5,395, which is $825 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee NORWICH - NEW LONDON lenders (with over 10 loans originated) are Charter Oak Federal Credit Union ($2,521), MEMBERS MORTGAGE COMPANY, INC. ($2,594), Evolve Bank & Trust ($2,797), SCIENT Federal Credit Union ($2,806) and Chelsea Groton Bank ($2,876).

The lowest rate NORWICH - NEW LONDON lenders (with over 10 loans originated) are Morgan Stanley Private Bank (2.66%), PROVIDENT FUNDING ASSOCIATES, L.P. (2.74%), Bank of America (2.78%), Webster Bank (2.84%) and AMERICAN EAGLE FINANCIAL CREDIT UNION (2.85%).

NORWICH-NEW LONDON, CT Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
QUICKEN LOANS, LLC $162,455,000 $216,785,000 33.4% 7.2%
Chelsea Groton Bank $158,720,000 $130,980,000 -17.5% 4.3%
UNITED WHOLESALE MORTGAGE, LLC $48,330,000 $119,175,000 146.6% 3.9%
NAVY FEDERAL CREDIT UNION $86,970,000 $114,155,000 31.3% 3.8%
LOANDEPOT.COM, LLC $67,625,000 $102,090,000 51.0% 3.4%
Charter Oak Federal Credit Union $116,060,000 $97,815,000 -15.7% 3.2%
Citizens Bank $69,610,000 $95,240,000 36.8% 3.1%
Liberty Bank $58,405,000 $92,735,000 58.8% 3.1%
FREEDOM MORTGAGE CORPORATION $84,565,000 $87,305,000 3.2% 2.9%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $65,855,000 $82,435,000 25.2% 2.7%
HOMESTEAD FUNDING CORP. $80,870,000 $74,945,000 -7.3% 2.5%
Prosperity Home Mortgage, LLC $42,260,000 $67,905,000 60.7% 2.2%
EASTERN CONNECTICUT SAVINGS BANK $40,760,000 $65,285,000 60.2% 2.2%
Dime Bank $50,150,000 $60,760,000 21.2% 2.0%
NORWICH COMMERCIAL GROUP, INC. $75,790,000 $59,355,000 -21.7% 2.0%
TOTAL MORTGAGE SERVICES, LLC $55,870,000 $58,815,000 5.3% 1.9%
Mortgage Research Center, LLC $45,095,000 $55,870,000 23.9% 1.8%
Wells Fargo Bank $39,615,000 $54,620,000 37.9% 1.8%
HOME POINT FINANCIAL CORPORATION $48,945,000 $46,780,000 -4.4% 1.5%
The Washington Trust Company, of Westerly $24,295,000 $42,920,000 76.7% 1.4%
GUARANTEED RATE, INC. $34,010,000 $42,650,000 25.4% 1.4%
NEWREZ LLC $16,570,000 $36,590,000 120.8% 1.2%
Bank of America $45,015,000 $36,160,000 -19.7% 1.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $34,015,000 $35,850,000 5.4% 1.2%
GUARANTEED RATE AFFINITY, LLC $30,330,000 $35,040,000 15.5% 1.2%
Mr. Cooper ( Nationstar Mortgage ) $27,680,000 $34,285,000 23.9% 1.1%
PENNYMAC LOAN SERVICES, LLC $14,370,000 $33,445,000 132.7% 1.1%
Webster Bank $24,320,000 $32,285,000 32.8% 1.1%
People's United Bank $31,825,000 $31,110,000 -2.2% 1.0%
JPMorgan Chase Bank $21,480,000 $30,150,000 40.4% 1.0%
CorePlus Federal Credit Union $40,230,000 $29,920,000 -25.6% 1.0%
BETTER MORTGAGE CORPORATION $12,455,000 $29,080,000 133.5% 1.0%
PeoplesBank $360,000 $26,765,000 7,334.7% 0.9%
AMERISAVE MORTGAGE CORPORATION $10,545,000 $25,555,000 142.3% 0.8%
CROSSCOUNTRY MORTGAGE, LLC $27,245,000 $24,055,000 -11.7% 0.8%
SCIENT Federal Credit Union $20,530,000 $23,685,000 15.4% 0.8%
Berkshire Bank $15,120,000 $23,025,000 52.3% 0.8%
U.S. Bank $12,365,000 $22,340,000 80.7% 0.7%
MOVEMENT MORTGAGE, LLC $17,445,000 $20,580,000 18.0% 0.7%
COREVEST AMERICAN FINANCE LENDER LLC $20,405,000 n/a 0.7%
PRIMARY RESIDENTIAL MORTGAGE, INC. $14,430,000 $18,310,000 26.9% 0.6%
CALIBER HOME LOANS, INC. $13,590,000 $17,650,000 29.9% 0.6%
USAA Federal Savings Bank $19,680,000 $17,575,000 -10.7% 0.6%
Morgan Stanley Private Bank $5,955,000 $17,190,000 188.7% 0.6%
FIRST WORLD MORTGAGE CORPORATION $19,875,000 $16,920,000 -14.9% 0.6%
WILLIAM RAVEIS MORTGAGE, LLC $15,345,000 $16,610,000 8.2% 0.5%
Jewett City Savings Bank $9,000,000 $16,380,000 82.0% 0.5%
LAKEVIEW LOAN SERVICING, LLC $12,870,000 $15,110,000 17.4% 0.5%
HOMEBRIDGE FINANCIAL SERVICES, INC. $13,075,000 $14,610,000 11.7% 0.5%
AMERICAN EAGLE FINANCIAL CREDIT UNION $9,735,000 $12,860,000 32.1% 0.4%
Bank Rhode Island $2,380,000 $12,735,000 435.1% 0.4%
ALLIED MORTGAGE GROUP, INC. $10,930,000 $12,630,000 15.6% 0.4%
KeyBank $5,340,000 $11,795,000 120.9% 0.4%
Ion Bank $1,700,000 $11,715,000 589.1% 0.4%
TD Bank $26,450,000 $11,340,000 -57.1% 0.4%
Capital One $9,775,000 n/a 0.3%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $6,580,000 $9,755,000 48.3% 0.3%
Flagstar Bank, FSB $7,335,000 $9,505,000 29.6% 0.3%
Paramount Residential Mortgage Group, Inc. $3,695,000 $9,410,000 154.7% 0.3%
PROVIDENT FUNDING ASSOCIATES, L.P. $7,010,000 $9,335,000 33.2% 0.3%
BROKER SOLUTIONS, INC. $5,550,000 $8,995,000 62.1% 0.3%
FINANCE OF AMERICA MORTGAGE LLC $9,720,000 $8,850,000 -9.0% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $8,740,000 $8,755,000 0.2% 0.3%
Eastern Bank $6,980,000 $8,730,000 25.1% 0.3%
CONNECTICUT STATE EMPLOYEES $5,975,000 $8,030,000 34.4% 0.3%
Essex Savings Bank $8,145,000 $8,010,000 -1.7% 0.3%
Goldman Sachs Bank USA $3,785,000 $7,995,000 111.2% 0.3%
NEW DAY FINANCIAL, LLC $7,465,000 $7,905,000 5.9% 0.3%
Carrington Mortgage Services, LLC $7,675,000 $7,555,000 -1.6% 0.2%
CONTOUR MORTGAGE CORPORATION $9,105,000 $7,280,000 -20.0% 0.2%
Northpointe Bank $2,530,000 $6,835,000 170.2% 0.2%
UBS Bank USA $2,385,000 $5,965,000 150.1% 0.2%
EMBRACE HOME LOANS, INC. $5,045,000 $5,935,000 17.6% 0.2%
SOFI LENDING CORP. $1,235,000 $5,470,000 342.9% 0.2%
RESIDENTIAL MORTGAGE SERVICES, INC. $9,795,000 $5,405,000 -44.8% 0.2%
WASHINGTON TRUST MORTGAGE COMPANY LLC $8,690,000 $5,320,000 -38.8% 0.2%
HOMESIDE FINANCIAL, LLC $3,140,000 $5,250,000 67.2% 0.2%
Centreville Bank $4,270,000 $5,210,000 22.0% 0.2%
PROVINCE MORTGAGE ASSOCIATES, INC. $6,145,000 $5,025,000 -18.2% 0.2%
NFM, INC. $2,045,000 $4,960,000 142.5% 0.2%
AMERICAN FINANCIAL NETWORK, INC. $2,180,000 $4,860,000 122.9% 0.2%
First Guaranty Mortgage Corporation $3,125,000 $4,850,000 55.2% 0.2%
MEMBERS MORTGAGE COMPANY, INC. $3,785,000 $4,825,000 27.5% 0.2%
PLAZA HOME MORTGAGE, INC. $7,565,000 $4,335,000 -42.7% 0.1%
EQUITY RESOURCES, INC. $2,375,000 $4,260,000 79.4% 0.1%
Wyndham Capital Mortgage, Inc. $1,125,000 $4,225,000 275.6% 0.1%
PENTAGON FEDERAL CREDIT UNION $2,730,000 $4,185,000 53.3% 0.1%
WESTERLY COMMUNITY $6,030,000 $4,175,000 -30.8% 0.1%
Guilford Savings Bank The $2,315,000 $4,105,000 77.3% 0.1%
Rockland Trust Company $33,355,000 $4,005,000 -88.0% 0.1%
Farm Credit East, ACA $3,425,000 $3,915,000 14.3% 0.1%
ConnectOne Bank $3,910,000 n/a 0.1%
Arbor Realty Trust, Inc. $10,715,000 $3,725,000 -65.2% 0.1%
Watermark Capital, Inc. $245,000 $3,675,000 1,400.0% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $4,360,000 $3,670,000 -15.8% 0.1%
The Federal Savings Bank $6,315,000 $3,630,000 -42.5% 0.1%
Manufacturers and Traders Trust Company $1,650,000 $3,620,000 119.4% 0.1%
Citibank $2,995,000 $3,600,000 20.2% 0.1%
MORTGAGE MARKETS CUSO, LLC $1,855,000 $3,500,000 88.7% 0.1%
Barrington Bank & Trust Company, N.A. $2,990,000 $3,485,000 16.6% 0.1%
Leader Bank $3,820,000 $3,390,000 -11.3% 0.1%
InterContinental Capital Group, Inc $785,000 $3,300,000 320.4% 0.1%
Shamrock Home Loans, Inc. $2,120,000 $3,240,000 52.8% 0.1%
M&T Realty Capital Corporation $3,195,000 n/a 0.1%
Bank of England $2,650,000 $3,185,000 20.2% 0.1%
NUTMEG STATE FINANCIAL $550,000 $3,110,000 465.5% 0.1%
LENDSURE MORTGAGE CORP. $415,000 $3,105,000 648.2% 0.1%
North American Savings Bank, F.S.B. $1,745,000 $3,065,000 75.6% 0.1%
ACCELERATE MORTGAGE, LLC $1,090,000 $3,040,000 178.9% 0.1%
PHH Mortgage Corporation $1,180,000 $3,040,000 157.6% 0.1%
First Republic Bank $4,380,000 $2,885,000 -34.1% 0.1%
LIMA ONE CAPITAL, LLC $450,000 $2,880,000 540.0% 0.1%
Evolve Bank & Trust $4,025,000 $2,870,000 -28.7% 0.1%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $2,530,000 $2,830,000 11.9% 0.1%
Nations Lending Corporation $1,475,000 $2,790,000 89.2% 0.1%
NORTHPOINT MORTGAGE, INC. $3,030,000 $2,740,000 -9.6% 0.1%
BAY EQUITY LLC $5,875,000 $2,710,000 -53.9% 0.1%
EVERETT FINANCIAL, INC. $910,000 $2,670,000 193.4% 0.1%
OCMBC, INC. $695,000 $2,590,000 272.7% 0.1%
NBKC BANK $2,675,000 $2,575,000 -3.7% 0.1%
PREMIA MORTGAGE, LLC $1,950,000 $2,565,000 31.5% 0.1%
HARBORONE MORTGAGE, LLC $1,175,000 $2,490,000 111.9% 0.1%
PLANET HOME LENDING, LLC $2,270,000 $2,480,000 9.3% 0.1%
AmeriHome Mortgage Company, LLC $3,050,000 $2,460,000 -19.3% 0.1%
First Federal Bank $1,855,000 $2,445,000 31.8% 0.1%
VELOCITY COMMERCIAL CAPITAL, LLC $790,000 $2,385,000 201.9% 0.1%
Atlantic Home Loans, Inc. $2,275,000 n/a 0.1%
BAYCOAST MORTGAGE COMPANY, LLC $1,460,000 $2,135,000 46.2% 0.1%
LENDINGHOME FUNDING CORPORATION $365,000 $2,135,000 484.9% 0.1%
SILVER HILL FUNDING, LLC $2,060,000 n/a 0.1%
Chicago Mortgage Solutions LLC $2,015,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $2,245,000 $2,015,000 -10.2% 0.1%
Northwest Community Bank $415,000 $2,010,000 384.3% 0.1%
ARC HOME LLC $1,695,000 $1,970,000 16.2% 0.1%
Stifel Bank and Trust $540,000 $1,960,000 263.0% 0.1%
Union Savings Bank $470,000 $1,930,000 310.6% 0.1%
EMM LOANS LLC $1,555,000 $1,845,000 18.6% 0.1%
ZILLOW HOME LOANS, LLC $1,990,000 $1,785,000 -10.3% 0.1%
FINANCE OF AMERICA COMMERCIAL LLC $555,000 $1,750,000 215.3% 0.1%
Navigant Credit Union $600,000 $1,740,000 190.0% 0.1%
Discover Bank $790,000 $1,690,000 113.9% 0.1%
ENVOY MORTGAGE, LTD $1,780,000 $1,665,000 -6.5% 0.1%
Envision Bank $6,990,000 $1,635,000 -76.6% 0.1%
Merchants Bank of Indiana $1,635,000 n/a 0.1%
Lakeview Community Capital, LLC $205,000 $1,620,000 690.2% 0.1%
City National Bank $1,575,000 n/a 0.1%
The Dutch Point Credit Union, Inc. $1,255,000 $1,565,000 24.7% 0.1%
Santander Bank, N.A. $5,075,000 $1,555,000 -69.4% 0.1%
AMERICAN FINANCING CORPORATION $1,550,000 n/a 0.1%
AMERICAN FEDERAL MORTGAGE CORPORATION $1,985,000 $1,535,000 -22.7% 0.1%
AMERICAN INTERNET MORTGAGE, INC. $1,135,000 $1,515,000 33.5% 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $1,270,000 $1,500,000 18.1% 0.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $340,000 $1,485,000 336.8% 0.0%
First Horizon Bank $1,415,000 n/a 0.0%
The Torrington Savings Bank $725,000 $1,415,000 95.2% 0.0%
Mortgage Network, Inc. $175,000 $1,405,000 702.9% 0.0%
Sanborn Mortgage Corporation $1,405,000 n/a 0.0%
The Camden National Bank $1,360,000 n/a 0.0%
First Savings Bank $1,715,000 $1,340,000 -21.9% 0.0%
SPRING EQ, LLC $740,000 $1,330,000 79.7% 0.0%
Citadel Servicing Corporation $1,325,000 n/a 0.0%
Strong Home Mortgage, LLC $520,000 $1,325,000 154.8% 0.0%
PNC Bank $1,775,000 $1,320,000 -25.6% 0.0%
REVERSE MORTGAGE FUNDING LLC $335,000 $1,320,000 294.0% 0.0%
Windosr Federal Savings & Loan Association $365,000 $1,320,000 261.6% 0.0%
First Fidelity Bank $1,315,000 n/a 0.0%
BNC National Bank $985,000 $1,310,000 33.0% 0.0%
Thomaston Savings Bank $2,930,000 $1,295,000 -55.8% 0.0%
KS StateBank $475,000 $1,215,000 155.8% 0.0%
Paramount Bank $1,205,000 n/a 0.0%
STEARNS LENDING, LLC $970,000 $1,205,000 24.2% 0.0%
Columbia Bank $1,145,000 n/a 0.0%
Raymond James Bank $1,125,000 n/a 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $1,325,000 $1,120,000 -15.5% 0.0%
Equity Prime Mortgage LLC $215,000 $1,085,000 404.7% 0.0%
DAS Acquisition Company, LLC $1,045,000 n/a 0.0%
Truist Bank $1,860,000 $1,035,000 -44.4% 0.0%
FirstBank $1,390,000 $995,000 -28.4% 0.0%
Third Federal Savings and Loan Association of Cleveland $745,000 $990,000 32.9% 0.0%
First Home Bank $530,000 $955,000 80.2% 0.0%
LENDERFI, INC. $745,000 $955,000 28.2% 0.0%
FM Home Loans, LLC $935,000 n/a 0.0%
REDWOOD RESIDENTIAL ACQUISITION CORPORATION $935,000 n/a 0.0%
NORTHEAST FAMILY Federal Credit Union $790,000 $925,000 17.1% 0.0%
RELIANCE FIRST CAPITAL, LLC $1,580,000 $925,000 -41.5% 0.0%
First Federal Bank of Kansas City $305,000 $920,000 201.6% 0.0%
Ally Bank $840,000 $910,000 8.3% 0.0%
NJ LENDERS CORP. $495,000 $910,000 83.8% 0.0%
DIGITAL Federal Credit Union $905,000 n/a 0.0%
Charles Schwab Bank, SSB $125,000 $895,000 616.0% 0.0%
Farmers Bank & Trust $450,000 $885,000 96.7% 0.0%
CMG MORTGAGE, INC. $1,365,000 $880,000 -35.5% 0.0%
Seasons Federal Credit Union $270,000 $825,000 205.6% 0.0%
UNITED MORTGAGE CORP. $1,110,000 $825,000 -25.7% 0.0%
Metro City Bank $550,000 $815,000 48.2% 0.0%
A&D Mortgage LLC $810,000 n/a 0.0%
Home Loan Investment Bank, F.S.B. $815,000 $795,000 -2.5% 0.0%
SIKORSKY FINANCIAL $1,065,000 $765,000 -28.2% 0.0%
GUILD MORTGAGE COMPANY $135,000 $740,000 448.1% 0.0%
RF Renovo Management Company, LLC $740,000 n/a 0.0%
Service Federal Credit Union $740,000 n/a 0.0%
SeaTrust Mortgage Company $720,000 n/a 0.0%
Hometown Equity Mortgage, LLC $215,000 $710,000 230.2% 0.0%
HSBC BANK USA, NATIONAL ASSOCIATION $620,000 $710,000 14.5% 0.0%
Luxury Mortgage Corp. $1,515,000 $710,000 -53.1% 0.0%
AMERICAN ADVISORS GROUP $1,210,000 $695,000 -42.6% 0.0%
Network Funding, L.P. $695,000 n/a 0.0%
Toyota Financial Savings Bank $840,000 $695,000 -17.3% 0.0%
DRAPER AND KRAMER MORTGAGE CORP. $1,220,000 $690,000 -43.4% 0.0%
The Union Bank Company $690,000 n/a 0.0%
MORTGAGE EQUITY PARTNERS LLC $680,000 n/a 0.0%
The Milford Bank $155,000 $680,000 338.7% 0.0%
Westfield Bank $430,000 $680,000 58.1% 0.0%
NATIONS DIRECT MORTGAGE, LLC $225,000 $675,000 200.0% 0.0%
BankNewport $655,000 $665,000 1.5% 0.0%
MID AMERICA MORTGAGE, INC. $645,000 $665,000 3.1% 0.0%
SOVEREIGN LENDING GROUP INCORPORATED $825,000 $665,000 -19.4% 0.0%
Salisbury Bank and Trust Company $660,000 n/a 0.0%
ABSOLUTE HOME MORTGAGE CORPORATION $165,000 $650,000 293.9% 0.0%
KELLER MORTGAGE, LLC $235,000 $650,000 176.6% 0.0%
Figure Lending LLC $440,000 $615,000 39.8% 0.0%
Low VA Rates, LLC $540,000 $610,000 13.0% 0.0%
Northwest Federal Credit Union $610,000 n/a 0.0%
HOMESPIRE MORTGAGE CORPORATION $600,000 n/a 0.0%
INLAND BANK & TRUST $885,000 $595,000 -32.8% 0.0%
VILLAGE CAPITAL & INVESTMENT LLC $3,245,000 $590,000 -81.8% 0.0%
CELEBRITY HOME LOANS, LLC $585,000 n/a 0.0%
Magnolia Bank $530,000 $585,000 10.4% 0.0%
DREW MORTGAGE ASSOCIATES, INC. $550,000 n/a 0.0%
Capital Bank $365,000 $545,000 49.3% 0.0%
Avidia Bank $765,000 $530,000 -30.7% 0.0%
PRYSMA LENDING GROUP, LLC $245,000 $530,000 116.3% 0.0%
SIRVA MORTGAGE, INC. $515,000 n/a 0.0%
FINEX CREDIT UNION $815,000 $510,000 -37.4% 0.0%
First Mortgage Solutions, LLC $355,000 $510,000 43.7% 0.0%
Cf Bank $505,000 n/a 0.0%
CLIFFCO, INC. $505,000 n/a 0.0%
Poli Mortgage Group, Inc. $685,000 $505,000 -26.3% 0.0%
FIRST HOME MORTGAGE CORPORATION $175,000 $500,000 185.7% 0.0%
Mortgage Unlimited, L.L.C. $2,735,000 $500,000 -81.7% 0.0%
Level One Bank $495,000 n/a 0.0%
Baxter Credit Union $570,000 $465,000 -18.4% 0.0%
First Internet Bank of Indiana $680,000 $455,000 -33.1% 0.0%
Valley National Bank $485,000 $435,000 -10.3% 0.0%
AMERICAN HERITAGE FCU $425,000 n/a 0.0%
Easthampton Savings Bank $425,000 n/a 0.0%
SUCCESS MORTGAGE PARTNERS, INC. $95,000 $420,000 342.1% 0.0%
ALLIANT CREDIT UNION $100,000 $410,000 310.0% 0.0%
LEADERONE FINANCIAL CORPORATION $420,000 $410,000 -2.4% 0.0%
Republic Bank & Trust Company $410,000 n/a 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $405,000 n/a 0.0%
Heartland Bank $395,000 n/a 0.0%
ACADEMY MORTGAGE CORPORATION $385,000 n/a 0.0%
Gateway First Bank $465,000 $385,000 -17.2% 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $650,000 $385,000 -40.8% 0.0%
West Town Bank & Trust $385,000 n/a 0.0%
BayCoast Bank $405,000 $380,000 -6.2% 0.0%
Assurance Financial Group, L.L.C. $375,000 n/a 0.0%
LENDUS, LLC $375,000 n/a 0.0%
MASSMUTUAL $380,000 $375,000 -1.3% 0.0%
FINANCE OF AMERICA REVERSE LLC $270,000 $370,000 37.0% 0.0%
UniBank for Savings $365,000 n/a 0.0%
Reliabank Dakota $355,000 n/a 0.0%
The Northern Trust Company $500,000 $355,000 -29.0% 0.0%
MLD MORTGAGE INC. $345,000 $345,000 0.0% 0.0%
Cornerstone Bank $115,000 $340,000 195.7% 0.0%
Century Mortgage Company DBA Century Lending Company $335,000 n/a 0.0%
Ixonia Bank $275,000 $330,000 20.0% 0.0%
Waterstone Mortgage Corporation $325,000 n/a 0.0%
Quontic Bank $185,000 $310,000 67.6% 0.0%
ARRHA Credit Union $295,000 n/a 0.0%
Arvest Bank $1,065,000 $295,000 -72.3% 0.0%
OVM FINANCIAL, INC. $295,000 n/a 0.0%
TIAA, FSB $1,220,000 $290,000 -76.2% 0.0%
RADIUS FINANCIAL GROUP INC. $850,000 $285,000 -66.5% 0.0%
Austin Capital Bank SSB $275,000 n/a 0.0%
INTERSTATE HOME LOAN CENTER, INC. $275,000 n/a 0.0%
LUSO $145,000 $275,000 89.7% 0.0%
NASA Federal Credit Union $275,000 n/a 0.0%
CHERRY CREEK MORTGAGE, LLC $285,000 $265,000 -7.0% 0.0%
OAKTREE FUNDING CORP. $265,000 n/a 0.0%
PARKSIDE LENDING, LLC $705,000 $265,000 -62.4% 0.0%
SECURITYNATIONAL MORTGAGE COMPANY $265,000 n/a 0.0%
CONSTRUCTIVE LOANS, LLC $255,000 n/a 0.0%
Fairfield County Bank $255,000 n/a 0.0%
First National Bank of Omaha $255,000 n/a 0.0%
MID-ISLAND MORTGAGE CORP. $255,000 n/a 0.0%
NORTHEAST HOME LOAN, LLC $255,000 n/a 0.0%
POLARIS HOME FUNDING CORP. $145,000 $255,000 75.9% 0.0%
Sierra Pacific Mortgage Company, Inc. $235,000 $255,000 8.5% 0.0%
Visio Financial Services Inc. $125,000 $250,000 100.0% 0.0%
MORTGAGE ACCESS CORP. $420,000 $245,000 -41.7% 0.0%
Prime Choice Funding Inc. $590,000 $245,000 -58.5% 0.0%
FIRST TECHNOLOGY $240,000 n/a 0.0%
GREENTREE MORTGAGE COMPANY, L.P. $235,000 n/a 0.0%
LONGBRIDGE FINANCIAL, LLC $235,000 n/a 0.0%
RESIDENTIAL BANCORP. $225,000 n/a 0.0%
RESIDENTIAL HOME FUNDING CORP. $225,000 n/a 0.0%
WATERBURY CONNECTICUT TEACHERS FEDERAL CREDIT UNION $225,000 n/a 0.0%
Wilmington Savings Fund Society, FSB $225,000 n/a 0.0%
AFFINITY $215,000 n/a 0.0%
East Coast Capital Corp. $310,000 $215,000 -30.6% 0.0%
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. $215,000 n/a 0.0%
Triumph Bank $255,000 $215,000 -15.7% 0.0%
AMERICAN FINANCE HOUSE LARIBA $325,000 $205,000 -36.9% 0.0%
Colonial Savings, F.A. $215,000 $205,000 -4.7% 0.0%
Midwest Community Bank $205,000 n/a 0.0%
Newtown Savings Bank $305,000 $205,000 -32.8% 0.0%
LENOX FINANCIAL MORTGAGE CORPORATION $195,000 n/a 0.0%
TOWNE MORTGAGE COMPANY $195,000 n/a 0.0%
NEW FED MORTGAGE, CORP. $185,000 n/a 0.0%
NP, Inc. $795,000 $185,000 -76.7% 0.0%
HOMEXPRESS MORTGAGE CORP. $235,000 $175,000 -25.5% 0.0%
Sunflower Bank $105,000 $175,000 66.7% 0.0%
Homestar Mortgage, Inc. $165,000 n/a 0.0%
MORTGAGE 1 INCORPORATED $165,000 n/a 0.0%
Brighton Bank $155,000 n/a 0.0%
CALCON MUTUAL MORTGAGE LLC $155,000 n/a 0.0%
First National Bank Texas $155,000 n/a 0.0%
NATIONWIDE EQUITIES CORPORATION $105,000 $155,000 47.6% 0.0%
Ross Mortgage Company, Inc. $320,000 $155,000 -51.6% 0.0%
MSA MORTGAGE, LLC $305,000 $145,000 -52.5% 0.0%
NORTHERN MORTGAGE SERVICES, LLC $695,000 $145,000 -79.1% 0.0%
Plains Commerce Bank $215,000 $145,000 -32.6% 0.0%
TCF National Bank $140,000 $145,000 3.6% 0.0%
AmRes Corporation $315,000 $125,000 -60.3% 0.0%
Mortgage World Bankers, Inc. $125,000 n/a 0.0%
First National Bank of America $115,000 n/a 0.0%
LOANPAL, LLC $115,000 n/a 0.0%
HUDSON VALLEY CREDIT UNION $105,000 n/a 0.0%
QUORUM FEDERAL CREDIT UNION $515,000 $95,000 -81.6% 0.0%
CONNEX CREDIT UNION $225,000 $85,000 -62.2% 0.0%
GREENWOOD $855,000 $70,000 -91.8% 0.0%
TRIAD FINANCIAL SERVICES, INC. $260,000 $65,000 -75.0% 0.0%
HANSCOM $900,000 $60,000 -93.3% 0.0%
INOVA FEDERAL CREDIT UNION $55,000 n/a 0.0%
NUMARK CREDIT UNION $55,000 n/a 0.0%
21ST MORTGAGE CORPORATION $25,000 n/a 0.0%
360 Federal Credit Union $25,000 n/a 0.0%
BMO Harris Bank $695,000 $25,000 -96.4% 0.0%
Connexus Credit Union $25,000 n/a 0.0%
FIRST CREDIT CORPORATION OF NEW YORK, INC. $290,000 $25,000 -91.4% 0.0%

NORWICH - NEW LONDON's top lender by overall market share is QUICKEN LOANS, LLC, with 7.2% market share. In second place, with 4.3%, is Chelsea Groton Bank, having originated $130,980,000 in loans. In third place, with 3.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $119,175,000 in loans. In third place, with 3.8%, is NAVY FEDERAL CREDIT UNION, having originated $114,155,000 in loans. In third place, with 3.4%, is LOANDEPOT.COM, LLC, having originated $102,090,000 in loans.


NORWICH-NEW LONDON, CT Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Refi 4,437 $1,054,545,000 $237,671
Home Purchase 4,421 $1,317,665,000 $298,047
Cash Out Refi 2,241 $530,275,000 $236,624
Home Improvement 457 $53,855,000 $117,845
Other 391 $73,655,000 $188,376
NA 1 $765,000 $765,000

Norwich - New London's most frequently cited loan purpose was Refi, with 4,437 originations. The 2nd most popular reason was Home Purchase, with 4,421 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 4,473 $1,143,535,000 $255,653
3-4% 3,821 $987,415,000 $258,418
<2.5% 2,459 $593,665,000 $241,425
4-5% 339 $69,085,000 $203,791
5-6% 93 $32,135,000 $345,538
6-7% 49 $6,265,000 $127,857
Over 8% 30 $3,920,000 $130,667
7-8% 22 $2,560,000 $116,364

During 2021, Norwich - New London's most frequently originated rate bucket was 2.5-3%, with 4,473 originations.

Loan Sizing (NORWICH-NEW LONDON, CT MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 5,783 $1,574,755,000 $272,308
$100k-200k 3,947 $607,495,000 $153,913
$100,000 or less 1,146 $66,510,000 $58,037
$400k-600k 818 $383,980,000 $469,413
$600k-1000k 158 $115,690,000 $732,215
$Over $1MM 96 $282,330,000 $2,940,938

NORWICH - NEW LONDON's loan sizing saw the bucket of loans from $200k-400k with 5,783 originations, totaling $1,574,755,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
60-80% 3,894 $1,098,870,000 $282,196
80-100% 3,720 $1,004,060,000 $269,909
40-60% 1,680 $400,580,000 $238,440
20-40% 755 $114,425,000 $151,556
Under 20% 555 $26,415,000 $47,595
Over 100% 241 $98,955,000 $410,602

NORWICH - NEW LONDON's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 3,894 originations, totaling $1,098,870,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - NORWICH - NEW LONDON (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $259,900 (-7.0%) $382,339 (-1.9%) 0.96 1,503
2018-02-01 $262,500 (-6.4%) $381,190 (-4.0%) 0.95 1,502
2018-03-01 $274,900 (-5.1%) $386,729 (-4.7%) 0.95 1,575
2018-04-01 $279,900 (-6.7%) $393,292 (-6.6%) 0.94 1,728
2018-05-01 $279,950 (-10.0%) $391,871 (-8.8%) 0.93 1,856
2018-06-01 $289,900 (-8.6%) $404,780 (-6.9%) 0.97 1,933
2018-07-01 $289,950 (-9.1%) $408,626 (-7.3%) 0.97 2,014
2018-08-01 $280,000 (-3.4%) $401,434 (-2.5%) 0.94 1,992
2018-09-01 $279,900 (-3.2%) $395,139 (-4.8%) 0.94 1,987
2018-10-01 $277,450 (-3.3%) $392,849 (-4.2%) 0.93 1,956
2018-11-01 $274,950 (-1.8%) $393,854 (-3.0%) 0.92 1,862
2018-12-01 $269,000 (-2.2%) $385,659 (-3.2%) 0.92 1,708
2019-01-01 $260,000 (0.0%) $378,633 (-1.0%) 0.90 1,511
2019-02-01 $267,700 (2.0%) $382,223 (0.3%) 0.90 1,526
2019-03-01 $273,671 (-0.5%) $390,949 (1.1%) 0.89 1,566
2019-04-01 $282,200 (0.8%) $402,324 (2.3%) 0.89 1,634
2019-05-01 $291,950 (4.3%) $407,785 (4.1%) 0.90 1,763
2019-06-01 $299,500 (3.3%) $414,514 (2.4%) 0.92 1,783
2019-07-01 $299,000 (3.1%) $411,226 (0.6%) 0.93 1,827
2019-08-01 $297,243 (6.2%) $403,504 (0.5%) 0.94 1,787
2019-09-01 $292,450 (4.5%) $397,774 (0.7%) 0.93 1,750
2019-10-01 $297,000 (7.1%) $402,995 (2.6%) 0.95 1,681
2019-11-01 $289,900 (5.4%) $399,142 (1.3%) 0.94 1,605
2019-12-01 $289,950 (7.8%) $396,873 (2.9%) 0.97 1,386
2020-01-01 $289,900 (11.5%) $394,230 (4.1%) 0.97 1,203
2020-02-01 $285,900 (6.8%) $390,247 (2.1%) 0.92 1,188
2020-03-01 $289,000 (5.6%) $390,191 (-0.2%) 0.90 1,268
2020-04-01 $297,450 (5.4%) $408,241 (1.5%) 0.93 1,206
2020-05-01 $295,000 (1.0%) $418,504 (2.6%) 0.89 1,179
2020-06-01 $301,500 (0.7%) $432,537 (4.4%) 0.88 1,220
2020-07-01 $307,400 (2.8%) $438,977 (6.8%) 0.88 1,138
2020-08-01 $300,000 (0.9%) $440,297 (9.1%) 0.86 1,056
2020-09-01 $300,000 (2.6%) $448,554 (12.8%) 0.86 1,051
2020-10-01 $300,000 (1.0%) $452,077 (12.2%) 0.86 1,022
2020-11-01 $309,950 (6.9%) $460,618 (15.4%) 0.89 926
2020-12-01 $302,450 (4.3%) $469,725 (18.4%) 0.89 783
2021-01-01 $299,900 (3.5%) $465,140 (18.0%) 0.88 650
2021-02-01 $312,450 (9.3%) $471,906 (20.9%) 0.90 589
2021-03-01 $327,000 (13.2%) $497,653 (27.5%) 0.92 577
2021-04-01 $327,450 (10.1%) $506,736 (24.1%) 0.88 646
2021-05-01 $325,000 (10.2%) $497,361 (18.8%) 0.86 733
2021-06-01 $359,950 (19.4%) $534,006 (23.5%) 0.93 488
2021-07-01 $357,450 (16.3%) $546,000 (24.4%) 0.93 535
2021-08-01 $349,950 (16.7%) $520,187 (18.1%) 0.92 581
2021-09-01 $349,950 (16.7%) $504,981 (12.6%) 0.92 567
2021-10-01 $349,900 (16.6%) $549,281 (21.5%) 0.92 525
2021-11-01 $349,900 (12.9%) $552,829 (20.0%) 0.92 464
2021-12-01 $341,500 (12.9%) $575,633 (22.6%) 0.91 386
2022-01-01 $350,000 (16.7%) $619,996 (33.3%) 0.93 286
2022-02-01 $369,900 (18.4%) $650,343 (37.8%) 0.94 270
2022-03-01 $369,900 (13.1%) $639,969 (28.6%) 0.91 290
2022-04-01 $369,900 (13.0%) $612,817 (20.9%) 0.87 300
2022-05-01 $404,500 (24.5%) $696,223 (40.0%) 0.91 364
2022-06-01 $404,500 (12.4%) $691,329 (29.5%) 0.90 423
NORWICH - NEW LONDON's median listing price for 2022-06-01 was $404,500, a difference of $44,550 (12.4%) versus the prior year and $0 versus the prior month.

NORWICH - NEW LONDON's median listing price comes in at 90% of the national average.

NORWICH - NEW LONDON's average listing price for 2022-06-01 was $691,329, a difference of $157,323 (29.5%) versus the prior year and $-4,894 versus the prior month.

For the 2022-06-01 period, NORWICH - NEW LONDON had 423 MLS listings, a difference of 59 listings (16%) versus the prior month and -65 listings (-13%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - NORWICH - NEW LONDON (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 97 days 1,614 sqft
2018-02-01 101 days 1,630 sqft
2018-03-01 85 days 1,666 sqft
2018-04-01 60 days 1,696 sqft
2018-05-01 58 days 1,687 sqft
2018-06-01 61 days 1,712 sqft
2018-07-01 67 days 1,747 sqft
2018-08-01 75 days 1,709 sqft
2018-09-01 79 days 1,700 sqft
2018-10-01 83 days 1,714 sqft
2018-11-01 90 days 1,717 sqft
2018-12-01 102 days 1,698 sqft
2019-01-01 108 days 1,664 sqft
2019-02-01 111 days 1,662 sqft
2019-03-01 88 days 1,662 sqft
2019-04-01 59 days 1,687 sqft
2019-05-01 56 days 1,762 sqft
2019-06-01 60 days 1,821 sqft
2019-07-01 66 days 1,846 sqft
2019-08-01 72 days 1,855 sqft
2019-09-01 77 days 1,880 sqft
2019-10-01 77 days 1,901 sqft
2019-11-01 79 days 1,851 sqft
2019-12-01 93 days 1,848 sqft
2020-01-01 101 days 1,850 sqft
2020-02-01 100 days 1,835 sqft
2020-03-01 63 days 1,832 sqft
2020-04-01 65 days 1,846 sqft
2020-05-01 74 days 1,843 sqft
2020-06-01 60 days 1,884 sqft
2020-07-01 52 days 1,855 sqft
2020-08-01 52 days 1,812 sqft
2020-09-01 45 days 1,828 sqft
2020-10-01 43 days 1,826 sqft
2020-11-01 51 days 1,829 sqft
2020-12-01 57 days 1,823 sqft
2021-01-01 65 days 1,800 sqft
2021-02-01 52 days 1,795 sqft
2021-03-01 41 days 1,800 sqft
2021-04-01 32 days 1,806 sqft
2021-05-01 31 days 1,795 sqft
2021-06-01 30 days 1,800 sqft
2021-07-01 32 days 1,810 sqft
2021-08-01 32 days 1,716 sqft
2021-09-01 42 days 1,753 sqft
2021-10-01 42 days 1,756 sqft
2021-11-01 46 days 1,714 sqft
2021-12-01 57 days 1,700 sqft
2022-01-01 65 days 1,700 sqft
2022-02-01 57 days 1,612 sqft
2022-03-01 33 days 1,600 sqft
2022-04-01 34 days 1,688 sqft
2022-05-01 22 days 1,764 sqft
2022-06-01 26 days 1,808 sqft
NORWICH - NEW LONDON's median listing age (time on market) for 2022-06-01 was 26 days. This is -13% shorter than the same period one year ago.

NORWICH - NEW LONDON's median square footage for active listings during the 2022-06-01 period was 1,808 sqft. One year prior, the average listing was 1,800 sqft.