Vermont Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Vermont averaged
6.8%
for the week of 2024-11-14, compared to the national average of
6.78% for the same period.
The average rate for the prior week (2024-11-07) was
6.91% and
one month ago for the week of 2024-10-10, the
average rate was 6.44%.
Vermont's average rate one year ago was 7.22%.
For refis of the same type during the week of 2024-11-14, the average rate
was 6.56%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-14 | 6.78% |
| Vermont 30 Year Fixed Rate | 2024-11-14 | 6.8% |
| Vermont 30 Year Fixed Rate Refi | 2024-11-14 | 6.56% |
| Vermont 15 Year Fixed Rate | 2024-11-14 | 6.65% |
| Vermont 15 Year Fixed Rate Refi | 2024-11-14 | 6.49% |
| Vermont 30 Year FHA | 2024-11-14 | -0.09% |
| Vermont 30 Year FHA Refi | 2024-11-14 | 0.2% |
| Vermont 30 Year USDA | 2024-11-14 | 0% |
| Vermont 30 Year USDA Refi | 2024-11-14 | 0.2% |
| Vermont 30 Year VA | 2024-11-14 | -0.09% |
| Vermont 30 Year VA Refi | 2024-11-14 | -0.1% |
Vermont 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 Vermont 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.).
Vermont Average Closing Costs & Other Stats
Vermont's 180 lenders originated 10,934
loans during 2023. The total origination value was $2,630,460,000, with an average loan value of
$240,576.
Vermont's average closing costs are $4,695.
The top Vermont lender as defined by loan originations is NEW ENGLAND FEDERAL CREDIT UNION, with
584 loans originated. Their average total fees are
$4,156, which is $1,831
lower than the next largest lender,
NORTHEAST HOME LOAN, LLC.
The lowest fee Vermont lenders (with over 10 loans originated) are
Community Bank ($382), Community National Bank ($3,773), NORTH COUNTRY ($3,839), Northfield Savings Bank ($3,906) and Vermont Federal Credit Union ($4,004).
The lowest rate Vermont lenders (with over 10 loans originated) are
Adams Community Bank (5.38%), Citibank (5.42%), Morgan Stanley Private Bank (5.89%), NBT Bank (5.93%) and Bank of America (5.96%).
Vermont 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 |
|---|---|---|---|---|
| NEW ENGLAND FEDERAL CREDIT UNION | $506,645,000 | $358,090,000 | -29.3% | 13.6% |
| NORTHEAST HOME LOAN, LLC | $145,485,000 | $163,565,000 | 12.4% | 6.2% |
| Mascoma Bank | $273,760,000 | $142,150,000 | -48.1% | 5.4% |
| Union Bank | $186,760,000 | $137,185,000 | -26.5% | 5.2% |
| QUICKEN LOANS, LLC | $217,905,000 | $117,215,000 | -46.2% | 4.5% |
| Vermont Federal Credit Union | $130,840,000 | $115,880,000 | -11.4% | 4.4% |
| M&T Bank | $81,155,000 | $82,840,000 | 2.1% | 3.1% |
| Community Bank | $110,720,000 | $74,030,000 | -33.1% | 2.8% |
| TD Bank | $88,110,000 | $69,910,000 | -20.7% | 2.7% |
| Citizens Bank | $139,770,000 | $64,570,000 | -53.8% | 2.5% |
| Northfield Savings Bank | $95,285,000 | $58,685,000 | -38.4% | 2.2% |
| NORTH COUNTRY | $127,700,000 | $58,620,000 | -54.1% | 2.2% |
| CMG MORTGAGE, INC. | $17,235,000 | $52,775,000 | 206.2% | 2.0% |
| JPMorgan Chase Bank | $64,395,000 | $52,765,000 | -18.1% | 2.0% |
| ACADEMY MORTGAGE CORPORATION | $51,115,000 | $48,705,000 | -4.7% | 1.9% |
| Community National Bank | $100,340,000 | $47,625,000 | -52.5% | 1.8% |
| The National Bank of Middlebury | $47,275,000 | $40,790,000 | -13.7% | 1.6% |
| EMM LOANS LLC | $23,575,000 | $39,260,000 | 66.5% | 1.5% |
| Morgan Stanley Private Bank | $36,875,000 | $37,965,000 | 3.0% | 1.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $74,210,000 | $36,840,000 | -50.4% | 1.4% |
| Mortgage Research Center, LLC | $43,435,000 | $35,470,000 | -18.3% | 1.3% |
| Peoples Trust Company of St. Albans | $33,035,000 | $31,955,000 | -3.3% | 1.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $46,030,000 | $30,915,000 | -32.8% | 1.2% |
| Bank of America | $64,240,000 | $29,815,000 | -53.6% | 1.1% |
| Advisors Mortgage Group, L.L.C. | $46,160,000 | $29,695,000 | -35.7% | 1.1% |
| PENNYMAC LOAN SERVICES, LLC | $50,900,000 | $29,425,000 | -42.2% | 1.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $103,245,000 | $27,365,000 | -73.5% | 1.0% |
| American Mortgage & Equity Consultants, Inc. | $23,820,000 | n/a | 0.9% | |
| MEMBERS ADVANTAGE COMMUNITY CREDIT UNION | $24,210,000 | $19,410,000 | -19.8% | 0.7% |
| DRAPER AND KRAMER MORTGAGE CORP. | $33,635,000 | $18,600,000 | -44.7% | 0.7% |
| MOVEMENT MORTGAGE, LLC | $30,665,000 | $17,490,000 | -43.0% | 0.7% |
| U.S. Bank | $28,290,000 | $17,155,000 | -39.4% | 0.7% |
| Citibank | $49,195,000 | $16,635,000 | -66.2% | 0.6% |
| NBT Bank | $53,815,000 | $16,210,000 | -69.9% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $19,625,000 | $16,120,000 | -17.9% | 0.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $12,785,000 | $15,445,000 | 20.8% | 0.6% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $25,685,000 | $15,400,000 | -40.0% | 0.6% |
| Bar Harbor Bank & Trust | $27,575,000 | $14,305,000 | -48.1% | 0.5% |
| Wells Fargo Bank | $61,925,000 | $13,910,000 | -77.5% | 0.5% |
| GUARANTEED RATE, INC. | $19,025,000 | $13,805,000 | -27.4% | 0.5% |
| KeyBank | $51,325,000 | $13,780,000 | -73.2% | 0.5% |
| LOANDEPOT.COM, LLC | $43,140,000 | $13,695,000 | -68.3% | 0.5% |
| Barings Multifamily Capital | $12,115,000 | n/a | 0.5% | |
| Mr. Cooper ( Nationstar Mortgage ) | $27,995,000 | $11,880,000 | -57.6% | 0.5% |
| WALKER & DUNLOP, LLC | $11,710,000 | n/a | 0.4% | |
| First Republic Bank | $24,825,000 | $11,555,000 | -53.5% | 0.4% |
| USAA Federal Savings Bank | $12,400,000 | $10,195,000 | -17.8% | 0.4% |
| Berkshire Bank | $20,510,000 | $9,670,000 | -52.9% | 0.4% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $17,075,000 | $8,145,000 | -52.3% | 0.3% |
| First-Citizens Bank & Trust Company | $7,530,000 | n/a | 0.3% | |
| PNC Bank | $17,815,000 | $7,265,000 | -59.2% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $22,675,000 | $7,185,000 | -68.3% | 0.3% |
| UBS Bank USA | $14,030,000 | $6,885,000 | -50.9% | 0.3% |
| Farm Credit East, ACA | $5,355,000 | $6,755,000 | 26.1% | 0.3% |
| GUILD MORTGAGE COMPANY | $7,150,000 | $6,535,000 | -8.6% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $2,690,000 | $6,285,000 | 133.6% | 0.2% |
| Leader Bank | $11,670,000 | $6,275,000 | -46.2% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $6,615,000 | $6,195,000 | -6.3% | 0.2% |
| BROKER SOLUTIONS, INC. | $14,425,000 | $5,910,000 | -59.0% | 0.2% |
| BNY Mellon | $11,010,000 | $5,820,000 | -47.1% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $18,455,000 | $5,500,000 | -70.2% | 0.2% |
| NBKC BANK | $8,915,000 | $5,175,000 | -42.0% | 0.2% |
| ONE Credit Union | $6,040,000 | $5,040,000 | -16.6% | 0.2% |
| The Federal Savings Bank | $3,200,000 | $4,835,000 | 51.1% | 0.2% |
| BETTER MORTGAGE CORPORATION | $15,220,000 | $4,635,000 | -69.5% | 0.2% |
| Adams Community Bank | $3,150,000 | $4,465,000 | 41.7% | 0.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $4,210,000 | $4,425,000 | 5.1% | 0.2% |
| Service Federal Credit Union | $11,110,000 | $4,345,000 | -60.9% | 0.2% |
| Northpointe Bank | $5,085,000 | $4,205,000 | -17.3% | 0.2% |
| Goldman Sachs Bank USA | $11,720,000 | $4,035,000 | -65.6% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $10,520,000 | $4,000,000 | -62.0% | 0.2% |
| GREYLOCK | $3,755,000 | $3,790,000 | 0.9% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $2,380,000 | $3,465,000 | 45.6% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $6,345,000 | $3,430,000 | -45.9% | 0.1% |
| Webster Bank | $8,250,000 | $3,055,000 | -63.0% | 0.1% |
| The Huntington National Bank | $1,960,000 | $3,035,000 | 54.8% | 0.1% |
| Bangor Savings Bank | $8,180,000 | $2,965,000 | -63.8% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $870,000 | $2,755,000 | 216.7% | 0.1% |
| Figure Lending LLC | $1,280,000 | $2,700,000 | 110.9% | 0.1% |
| Charles Schwab Bank, SSB | $8,270,000 | $2,675,000 | -67.7% | 0.1% |
| Stifel Bank and Trust | $3,985,000 | $2,600,000 | -34.8% | 0.1% |
| RBC Bank, (Georgia) | $510,000 | $2,465,000 | 383.3% | 0.1% |
| HARBORONE MORTGAGE, LLC | $4,645,000 | $2,445,000 | -47.4% | 0.1% |
| Carrington Mortgage Services, LLC | $6,240,000 | $2,400,000 | -61.5% | 0.1% |
| Kittredge Mortgage Corporation | $5,460,000 | $2,365,000 | -56.7% | 0.1% |
| The Camden National Bank | $18,775,000 | $2,335,000 | -87.6% | 0.1% |
| NORWICH COMMERCIAL GROUP, INC. | $430,000 | $2,320,000 | 439.5% | 0.1% |
| 21ST MORTGAGE CORPORATION | $3,435,000 | $2,280,000 | -33.6% | 0.1% |
| NEWREZ LLC | $7,680,000 | $2,220,000 | -71.1% | 0.1% |
| Discover Bank | $1,565,000 | $2,180,000 | 39.3% | 0.1% |
| Monson Savings Bank | $405,000 | $2,170,000 | 435.8% | 0.1% |
| HOMESTEAD FUNDING CORP. | $6,730,000 | $2,145,000 | -68.1% | 0.1% |
| CIBC Bank USA | $2,085,000 | $2,115,000 | 1.4% | 0.1% |
| Hometown Equity Mortgage, LLC | $2,065,000 | n/a | 0.1% | |
| CARDINAL FINANCIAL | $7,835,000 | $1,990,000 | -74.6% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $3,960,000 | $1,910,000 | -51.8% | 0.1% |
| CIBM Bank | $1,835,000 | n/a | 0.1% | |
| Valley National Bank | $305,000 | $1,810,000 | 493.4% | 0.1% |
| WILLIAM RAVEIS MORTGAGE, LLC | $1,005,000 | $1,805,000 | 79.6% | 0.1% |
| Toyota Financial Savings Bank | $1,345,000 | $1,790,000 | 33.1% | 0.1% |
| EVERETT FINANCIAL, INC. | $4,860,000 | $1,775,000 | -63.5% | 0.1% |
| TOTAL MORTGAGE SERVICES, LLC | $2,490,000 | $1,770,000 | -28.9% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $1,220,000 | $1,750,000 | 43.4% | 0.1% |
| Bank of New Hampshire | $1,870,000 | $1,740,000 | -7.0% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $775,000 | $1,710,000 | 120.6% | 0.1% |
| The Central Trust Bank | $1,350,000 | $1,650,000 | 22.2% | 0.1% |
| Ally Bank | $2,540,000 | $1,600,000 | -37.0% | 0.1% |
| EMBRACE HOME LOANS, INC. | $3,520,000 | $1,550,000 | -56.0% | 0.1% |
| Truist | $4,160,000 | $1,530,000 | -63.2% | 0.1% |
| Flagstar Bank, FSB | $5,115,000 | $1,480,000 | -71.1% | 0.1% |
| LIBERTY HOME MORTGAGE CORPORATION | $1,460,000 | n/a | 0.1% | |
| LEADERONE FINANCIAL CORPORATION | $715,000 | $1,405,000 | 96.5% | 0.1% |
| NORTHEAST CREDIT UNION | $1,060,000 | $1,330,000 | 25.5% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $11,710,000 | $1,305,000 | -88.9% | 0.0% |
| Farmers Bank & Trust | $385,000 | $1,305,000 | 239.0% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $1,290,000 | n/a | 0.0% | |
| Easthampton Savings Bank | $1,245,000 | n/a | 0.0% | |
| ENVOY MORTGAGE, LTD | $5,975,000 | $1,205,000 | -79.8% | 0.0% |
| HANSCOM | $1,575,000 | $1,160,000 | -26.3% | 0.0% |
| Bethpage Federal Credit Union | $2,265,000 | $1,155,000 | -49.0% | 0.0% |
| Avidia Bank | $1,115,000 | n/a | 0.0% | |
| First Savings Bank | $1,065,000 | n/a | 0.0% | |
| Baxter Credit Union | $25,000 | $1,040,000 | 4,060.0% | 0.0% |
| CENTRAL ONE FEDERAL CREDIT UNION | $350,000 | $1,035,000 | 195.7% | 0.0% |
| PHH Mortgage Corporation | $890,000 | $1,035,000 | 16.3% | 0.0% |
| TrustCo Bank | $1,630,000 | $1,035,000 | -36.5% | 0.0% |
| Bank of England | $770,000 | $1,030,000 | 33.8% | 0.0% |
| Prosperity Home Mortgage, LLC | $910,000 | $1,020,000 | 12.1% | 0.0% |
| CALIBER HOME LOANS, INC. | $6,905,000 | $1,010,000 | -85.4% | 0.0% |
| City National Bank | $18,260,000 | $1,000,000 | -94.5% | 0.0% |
| HOME TOWN FUNDING, INC. | $960,000 | n/a | 0.0% | |
| DIGITAL Federal Credit Union | $3,065,000 | $930,000 | -69.7% | 0.0% |
| NexBank | $925,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $925,000 | $925,000 | 0.0% | 0.0% |
| Martha's Vineyard Savings Bank | $895,000 | n/a | 0.0% | |
| Meredith Village Savings Bank | $880,000 | n/a | 0.0% | |
| Merrimack County Savings Bank | $875,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $1,665,000 | $855,000 | -48.6% | 0.0% |
| SPRING EQ, LLC | $1,265,000 | $845,000 | -33.2% | 0.0% |
| Evolve Bank & Trust | $1,835,000 | $830,000 | -54.8% | 0.0% |
| TEACHERS | $345,000 | $790,000 | 129.0% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $780,000 | n/a | 0.0% | |
| ABSOLUTE HOME MORTGAGE CORPORATION | $770,000 | n/a | 0.0% | |
| Wilmington Savings Fund Society, FSB | $475,000 | $770,000 | 62.1% | 0.0% |
| BNC National Bank | $3,365,000 | $765,000 | -77.3% | 0.0% |
| Northwest Bank | $405,000 | $755,000 | 86.4% | 0.0% |
| Citadel Servicing Corporation | $3,285,000 | $745,000 | -77.3% | 0.0% |
| Navigant Credit Union | $660,000 | $710,000 | 7.6% | 0.0% |
| Landmark National Bank | $705,000 | n/a | 0.0% | |
| MERRIMACK VALLEY | $705,000 | n/a | 0.0% | |
| The Northern Trust Company | $235,000 | $705,000 | 200.0% | 0.0% |
| First National Bank of America | $915,000 | $690,000 | -24.6% | 0.0% |
| WEBSTER FIRST Federal Credit Union | $495,000 | $675,000 | 36.4% | 0.0% |
| Bank Rhode Island | $645,000 | n/a | 0.0% | |
| CALCON MUTUAL MORTGAGE LLC | $625,000 | n/a | 0.0% | |
| HARVARD UNIVERSITY EMPLOYEES | $1,710,000 | $620,000 | -63.7% | 0.0% |
| LENDINGONE, LLC | $225,000 | $610,000 | 171.1% | 0.0% |
| Armed Forces Bank | $2,070,000 | $605,000 | -70.8% | 0.0% |
| MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION | $605,000 | n/a | 0.0% | |
| Colonial Savings, F.A. | $770,000 | $595,000 | -22.7% | 0.0% |
| ALLIANT CREDIT UNION | $355,000 | $590,000 | 66.2% | 0.0% |
| Quontic Bank | $890,000 | $580,000 | -34.8% | 0.0% |
| First Western Trust Bank | $575,000 | n/a | 0.0% | |
| FBC MORTGAGE, LLC | $675,000 | $555,000 | -17.8% | 0.0% |
| Cornerstone First Mortgage, Inc | $545,000 | n/a | 0.0% | |
| OceanFirst Bank | $545,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $410,000 | $530,000 | 29.3% | 0.0% |
| BMO Harris Bank | $1,005,000 | $530,000 | -47.3% | 0.0% |
| North American Savings Bank, F.S.B. | $3,205,000 | $520,000 | -83.8% | 0.0% |
| Ameris Bank | $485,000 | n/a | 0.0% | |
| Arvest Bank | $2,625,000 | $480,000 | -81.7% | 0.0% |
| Semper Home Loans, Inc. | $365,000 | $480,000 | 31.5% | 0.0% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $475,000 | n/a | 0.0% | |
| MASSMUTUAL | $205,000 | $475,000 | 131.7% | 0.0% |
| PREMIA MORTGAGE, LLC | $720,000 | $475,000 | -34.0% | 0.0% |
| PeoplesBank | $470,000 | n/a | 0.0% | |
| First Federal Bank | $640,000 | $465,000 | -27.3% | 0.0% |
| UTILITIES EMPLOYEES CREDIT UNION | $160,000 | $465,000 | 190.6% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $75,000 | $460,000 | 513.3% | 0.0% |
| Needham Bank | $1,205,000 | $455,000 | -62.2% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $205,000 | $435,000 | 112.2% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $435,000 | n/a | 0.0% | |
| The Adirondack Trust Company | $415,000 | n/a | 0.0% | |
| Chelsea Groton Bank | $405,000 | n/a | 0.0% | |
| Newburyport Five Cents Savings Bank | $395,000 | n/a | 0.0% | |
| RCN Capital, LLC | $395,000 | n/a | 0.0% | |
| US MORTGAGE CORPORATION | $265,000 | $395,000 | 49.1% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $2,405,000 | $390,000 | -83.8% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $880,000 | $390,000 | -55.7% | 0.0% |
| PLANET HOME LENDING, LLC | $715,000 | $390,000 | -45.5% | 0.0% |
| ZILLOW HOME LOANS, LLC | $165,000 | $390,000 | 136.4% | 0.0% |
| MORTGAGE EQUITY PARTNERS LLC | $370,000 | n/a | 0.0% | |
| Farmers and Merchants Union Bank | $355,000 | n/a | 0.0% | |
| MEMBERS MORTGAGE COMPANY, INC. | $355,000 | n/a | 0.0% | |
| SCIENT Federal Credit Union | $355,000 | n/a | 0.0% | |
| GEORGIA'S OWN | $180,000 | $345,000 | 91.7% | 0.0% |
| AMERICAN FINANCING CORPORATION | $1,910,000 | $340,000 | -82.2% | 0.0% |
| Cf Bank | $315,000 | $335,000 | 6.3% | 0.0% |
| Heritage Bank | $335,000 | n/a | 0.0% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $195,000 | $330,000 | 69.2% | 0.0% |
| Equity Prime Mortgage LLC | $325,000 | n/a | 0.0% | |
| Ballston Spa National Bank | $315,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $305,000 | n/a | 0.0% | |
| MEMBERS 1ST FEDERAL CREDIT UNION | $305,000 | n/a | 0.0% | |
| North Shore Bank, a Co-operative Bank | $315,000 | $305,000 | -3.2% | 0.0% |
| STAR ONE CREDIT UNION | $645,000 | $275,000 | -57.4% | 0.0% |
| WINGS FINANCIAL | $265,000 | n/a | 0.0% | |
| Chemung Canal Trust Company | $255,000 | n/a | 0.0% | |
| HSBC BANK USA, NATIONAL ASSOCIATION | $305,000 | $255,000 | -16.4% | 0.0% |
| MidFirst Bank | $255,000 | n/a | 0.0% | |
| BankNewport | $155,000 | $245,000 | 58.1% | 0.0% |
| EVANSVILLE TEACHERS | $235,000 | n/a | 0.0% | |
| Magnolia Bank | $510,000 | $225,000 | -55.9% | 0.0% |
| MountainOne Bank | $2,100,000 | $220,000 | -89.5% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $650,000 | $215,000 | -66.9% | 0.0% |
| Community First National Bank | $215,000 | n/a | 0.0% | |
| UMB Bank | $205,000 | n/a | 0.0% | |
| PLAZA HOME MORTGAGE, INC. | $1,195,000 | $185,000 | -84.5% | 0.0% |
| GTE Federal Credit Union | $180,000 | n/a | 0.0% | |
| ON Q FINANCIAL, INC. | $165,000 | n/a | 0.0% | |
| ADVANCIAL | $155,000 | n/a | 0.0% | |
| USAlliance Federal Credit Union | $270,000 | $150,000 | -44.4% | 0.0% |
| Axos Bank | $835,000 | $125,000 | -85.0% | 0.0% |
| ARC HOME LLC | $720,000 | $115,000 | -84.0% | 0.0% |
| Glens Falls National Bank and Trust Company | $2,520,000 | $115,000 | -95.4% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $2,005,000 | $115,000 | -94.3% | 0.0% |
| Solarity Credit Union | $115,000 | n/a | 0.0% | |
| Northway Bank | $1,415,000 | $105,000 | -92.6% | 0.0% |
| Stride Bank | $105,000 | n/a | 0.0% | |
| FirstBank | $1,070,000 | $95,000 | -91.1% | 0.0% |
| Northwest Federal Credit Union | $85,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $630,000 | $75,000 | -88.1% | 0.0% |
| United States Senate Federal Credit Union | $145,000 | $75,000 | -48.3% | 0.0% |
| Elements Financial Federal Credit Union | $65,000 | n/a | 0.0% | |
| PROPONENT Federal Credit Union | $295,000 | $65,000 | -78.0% | 0.0% |
| CANVAS CREDIT UNION | $55,000 | n/a | 0.0% | |
| Granite State Credit Union | $55,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $180,000 | $45,000 | -75.0% | 0.0% |
| School Systems FCU | $5,000 | n/a | 0.0% |
Vermont's top lender by overall market share is NEW ENGLAND FEDERAL CREDIT UNION, with 13.6% market share. In second place, with 6.2%, is NORTHEAST HOME LOAN, LLC, having originated $163,565,000 in loans. In third place, with 5.4%, is Mascoma Bank, having originated $142,150,000 in loans. In fourth place, with 5.2%, is Union Bank, having originated $137,185,000 in loans. In fifth place, with 4.5%, is QUICKEN LOANS, LLC, having originated $117,215,000 in loans.
Vermont Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 5,427 | $1,809,925,000 | $333,504 |
| Home Improvement | 2,134 | $189,760,000 | $88,922 |
| Refi | 1,304 | $261,310,000 | $200,391 |
| Other | 1,089 | $160,085,000 | $147,002 |
| Cash Out Refi | 979 | $209,375,000 | $213,866 |
| NA | 1 | $5,000 | $5,000 |
Vermont's most frequently cited loan purpose was Home Purchase, with 5,427 originations. The 2nd most popular reason was Home Improvement, with 2,134 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 3,884 | $1,085,820,000 | $279,562 |
| 7-8% | 3,179 | $630,205,000 | $198,240 |
| 5-6% | 1,473 | $484,525,000 | $328,938 |
| Over 8% | 1,400 | $198,430,000 | $141,736 |
| <2.5% | 247 | $16,275,000 | $65,891 |
| 4-5% | 235 | $102,945,000 | $438,064 |
| 3-4% | 128 | $18,120,000 | $141,563 |
| 2.5-3% | 78 | $7,700,000 | $98,718 |
During 2023, Vermont's most frequently originated rate bucket was 6-7%, with 3,884 originations.
Loan Sizing (Vermont MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 3,534 | $1,002,300,000 | $283,616 |
| $100,000 or less | 3,252 | $164,210,000 | $50,495 |
| $100k-200k | 2,546 | $368,180,000 | $144,611 |
| $400k-600k | 1,086 | $513,570,000 | $472,901 |
| $600k-1000k | 382 | $279,270,000 | $731,073 |
| $Over $1MM | 134 | $302,930,000 | $2,260,672 |
Vermont's loan sizing saw the bucket of loans from $200k-400k with 3,534 originations, totaling $1,002,300,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,805 | $932,735,000 | $332,526 |
| Under 20% | 2,379 | $129,845,000 | $54,580 |
| 60-80% | 2,356 | $879,850,000 | $373,451 |
| 20-40% | 1,739 | $241,255,000 | $138,732 |
| 40-60% | 1,273 | $336,665,000 | $264,466 |
| Over 100% | 61 | $20,315,000 | $333,033 |
Vermont's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,805 originations, totaling $932,735,000 in origination value.