Vermont Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Vermont averaged
6.86%
for the week of 2023-09-21, compared to the national average of
7.19% for the same period.
The average rate for the prior week (2023-09-14) was
6.65% and
one month ago for the week of 2023-08-17, the
average rate was 6.46%.
Vermont's average rate one year ago was 5.59%.
For refis of the same type during the week of 2023-09-21, the average rate
was 5.77%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-21 | 7.19% |
| Vermont 30 Year Fixed Rate | 2023-09-21 | 6.86% |
| Vermont 30 Year Fixed Rate Refi | 2023-09-21 | 5.77% |
| Vermont 15 Year Fixed Rate | 2023-09-21 | 6.34% |
| Vermont 15 Year Fixed Rate Refi | 2023-09-21 | 5.51% |
| Vermont 30 Year FHA | 2023-09-21 | 6.42% |
| Vermont 30 Year FHA Refi | 2023-09-21 | 7.24% |
| Vermont 30 Year USDA | 2023-09-21 | 7.22% |
| Vermont 30 Year USDA Refi | 2023-09-21 | 7.12% |
| Vermont 30 Year VA | 2023-09-21 | 6.6% |
| Vermont 30 Year VA Refi | 2023-09-21 | 6.62% |
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 202 lenders originated 16,536
loans during 2022. The total origination value was $4,254,470,000, with an average loan value of
$257,285.
Vermont's average closing costs are $4,525.
The top Vermont lender as defined by loan originations is NEW ENGLAND FEDERAL CREDIT UNION, with
1,028 loans originated. Their average total fees are
$3,605, which is $3,455
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Vermont lenders (with over 10 loans originated) are
Community Bank ($1,157), EVERETT FINANCIAL, INC. ($2,985), NEW ENGLAND FEDERAL CREDIT UNION ($3,605), NBKC BANK ($3,615) and Community National Bank ($3,765).
The lowest rate Vermont lenders (with over 10 loans originated) are
BNY Mellon (3.14%), Charles Schwab Bank, SSB (3.18%), First Republic Bank (3.23%), People's United Bank (3.29%) and Citibank (3.48%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| NEW ENGLAND FEDERAL CREDIT UNION | $875,725,000 | $506,645,000 | -42.1% | 11.9% |
| Mascoma Bank | $272,745,000 | $273,760,000 | 0.4% | 6.4% |
| QUICKEN LOANS, LLC | $480,015,000 | $217,905,000 | -54.6% | 5.1% |
| Union Bank | $290,935,000 | $186,760,000 | -35.8% | 4.4% |
| NORTHEAST HOME LOAN, LLC | $279,975,000 | $145,485,000 | -48.0% | 3.4% |
| Citizens Bank | $151,705,000 | $139,770,000 | -7.9% | 3.3% |
| Vermont Federal Credit Union | $215,260,000 | $130,840,000 | -39.2% | 3.1% |
| NORTH COUNTRY | $118,490,000 | $127,700,000 | 7.8% | 3.0% |
| VERMONT STATE EMPLOYEES | $197,990,000 | $111,455,000 | -43.7% | 2.6% |
| Community Bank | $80,840,000 | $110,720,000 | 37.0% | 2.6% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $143,940,000 | $103,245,000 | -28.3% | 2.4% |
| Community National Bank | $76,465,000 | $100,340,000 | 31.2% | 2.4% |
| Northfield Savings Bank | $158,205,000 | $95,285,000 | -39.8% | 2.2% |
| TD Bank | $92,505,000 | $88,110,000 | -4.8% | 2.1% |
| M&T Bank | $6,375,000 | $81,155,000 | 1,173.0% | 1.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $152,645,000 | $74,210,000 | -51.4% | 1.7% |
| JPMorgan Chase Bank | $87,990,000 | $64,395,000 | -26.8% | 1.5% |
| Bank of America | $70,820,000 | $64,240,000 | -9.3% | 1.5% |
| Wells Fargo Bank | $80,175,000 | $61,925,000 | -22.8% | 1.5% |
| NBT Bank | $23,970,000 | $53,815,000 | 124.5% | 1.3% |
| KeyBank | $70,190,000 | $51,325,000 | -26.9% | 1.2% |
| ACADEMY MORTGAGE CORPORATION | $109,410,000 | $51,115,000 | -53.3% | 1.2% |
| PENNYMAC LOAN SERVICES, LLC | $104,370,000 | $50,900,000 | -51.2% | 1.2% |
| Citibank | $26,110,000 | $49,195,000 | 88.4% | 1.2% |
| The National Bank of Middlebury | $81,390,000 | $47,275,000 | -41.9% | 1.1% |
| People's United Bank | $120,250,000 | $47,045,000 | -60.9% | 1.1% |
| Advisors Mortgage Group, L.L.C. | $66,955,000 | $46,160,000 | -31.1% | 1.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $74,605,000 | $46,030,000 | -38.3% | 1.1% |
| Mortgage Research Center, LLC | $65,220,000 | $43,435,000 | -33.4% | 1.0% |
| LOANDEPOT.COM, LLC | $72,815,000 | $43,140,000 | -40.8% | 1.0% |
| Morgan Stanley Private Bank | $22,880,000 | $36,875,000 | 61.2% | 0.9% |
| DRAPER AND KRAMER MORTGAGE CORP. | $120,765,000 | $33,635,000 | -72.1% | 0.8% |
| Peoples Trust Company of St. Albans | $57,515,000 | $33,035,000 | -42.6% | 0.8% |
| MOVEMENT MORTGAGE, LLC | $61,185,000 | $30,665,000 | -49.9% | 0.7% |
| U.S. Bank | $33,105,000 | $28,290,000 | -14.5% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $44,860,000 | $27,995,000 | -37.6% | 0.7% |
| Bar Harbor Bank & Trust | $62,225,000 | $27,575,000 | -55.7% | 0.6% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $45,125,000 | $25,685,000 | -43.1% | 0.6% |
| First Republic Bank | $23,750,000 | $24,825,000 | 4.5% | 0.6% |
| MEMBERS ADVANTAGE COMMUNITY CREDIT UNION | $24,090,000 | $24,210,000 | 0.5% | 0.6% |
| EMM LOANS LLC | $64,780,000 | $23,575,000 | -63.6% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $61,630,000 | $22,675,000 | -63.2% | 0.5% |
| HOME POINT FINANCIAL CORPORATION | $19,685,000 | $22,005,000 | 11.8% | 0.5% |
| Berkshire Bank | $9,360,000 | $20,510,000 | 119.1% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $19,425,000 | $19,625,000 | 1.0% | 0.5% |
| GUARANTEED RATE, INC. | $39,535,000 | $19,025,000 | -51.9% | 0.4% |
| The Camden National Bank | $5,655,000 | $18,775,000 | 232.0% | 0.4% |
| Eastern Bank | $18,510,000 | n/a | 0.4% | |
| FREEDOM MORTGAGE CORPORATION | $88,820,000 | $18,455,000 | -79.2% | 0.4% |
| City National Bank | $4,735,000 | $18,260,000 | 285.6% | 0.4% |
| PNC Bank | $6,610,000 | $17,815,000 | 169.5% | 0.4% |
| CMG MORTGAGE, INC. | $28,710,000 | $17,235,000 | -40.0% | 0.4% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $17,820,000 | $17,075,000 | -4.2% | 0.4% |
| BETTER MORTGAGE CORPORATION | $45,500,000 | $15,220,000 | -66.5% | 0.4% |
| BROKER SOLUTIONS, INC. | $24,835,000 | $14,425,000 | -41.9% | 0.3% |
| UBS Bank USA | $23,010,000 | $14,030,000 | -39.0% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $22,185,000 | $12,785,000 | -42.4% | 0.3% |
| Green Mountain Credit Union | $22,425,000 | $12,500,000 | -44.3% | 0.3% |
| USAA Federal Savings Bank | $25,400,000 | $12,400,000 | -51.2% | 0.3% |
| Goldman Sachs Bank USA | $5,260,000 | $11,720,000 | 122.8% | 0.3% |
| Century Mortgage Company DBA Century Lending Company | $11,710,000 | n/a | 0.3% | |
| Leader Bank | $17,385,000 | $11,670,000 | -32.9% | 0.3% |
| Service Federal Credit Union | $6,600,000 | $11,110,000 | 68.3% | 0.3% |
| BNY Mellon | $7,525,000 | $11,010,000 | 46.3% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $5,755,000 | $10,520,000 | 82.8% | 0.2% |
| NBKC BANK | $9,565,000 | $8,915,000 | -6.8% | 0.2% |
| Charles Schwab Bank, SSB | $13,990,000 | $8,270,000 | -40.9% | 0.2% |
| Webster Bank | $8,400,000 | $8,250,000 | -1.8% | 0.2% |
| Bangor Savings Bank | $8,245,000 | $8,180,000 | -0.8% | 0.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $5,245,000 | $7,835,000 | 49.4% | 0.2% |
| NEWREZ LLC | $23,595,000 | $7,680,000 | -67.5% | 0.2% |
| GUILD MORTGAGE COMPANY | $895,000 | $7,150,000 | 698.9% | 0.2% |
| CALIBER HOME LOANS, INC. | $17,035,000 | $6,905,000 | -59.5% | 0.2% |
| HOMESTEAD FUNDING CORP. | $14,015,000 | $6,730,000 | -52.0% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $10,375,000 | $6,615,000 | -36.2% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $26,270,000 | $6,345,000 | -75.8% | 0.1% |
| Carrington Mortgage Services, LLC | $5,180,000 | $6,240,000 | 20.5% | 0.1% |
| ONE Credit Union | $11,240,000 | $6,040,000 | -46.3% | 0.1% |
| ENVOY MORTGAGE, LTD | $7,775,000 | $5,975,000 | -23.2% | 0.1% |
| Kittredge Mortgage Corporation | $5,460,000 | n/a | 0.1% | |
| Farm Credit East, ACA | $3,055,000 | $5,355,000 | 75.3% | 0.1% |
| Flagstar Bank, FSB | $10,785,000 | $5,115,000 | -52.6% | 0.1% |
| Northpointe Bank | $6,410,000 | $5,085,000 | -20.7% | 0.1% |
| EVERETT FINANCIAL, INC. | $1,120,000 | $4,860,000 | 333.9% | 0.1% |
| HARBORONE MORTGAGE, LLC | $11,965,000 | $4,645,000 | -61.2% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $9,285,000 | $4,210,000 | -54.7% | 0.1% |
| Truist | $4,690,000 | $4,160,000 | -11.3% | 0.1% |
| Stifel Bank and Trust | $7,470,000 | $3,985,000 | -46.7% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $4,550,000 | $3,960,000 | -13.0% | 0.1% |
| GREYLOCK | $3,015,000 | $3,755,000 | 24.5% | 0.1% |
| EMBRACE HOME LOANS, INC. | $7,010,000 | $3,520,000 | -49.8% | 0.1% |
| 21ST MORTGAGE CORPORATION | $1,465,000 | $3,435,000 | 134.5% | 0.1% |
| BNC National Bank | $5,345,000 | $3,365,000 | -37.0% | 0.1% |
| Citadel Servicing Corporation | $455,000 | $3,285,000 | 622.0% | 0.1% |
| North American Savings Bank, F.S.B. | $8,880,000 | $3,205,000 | -63.9% | 0.1% |
| The Federal Savings Bank | $7,175,000 | $3,200,000 | -55.4% | 0.1% |
| Adams Community Bank | $3,865,000 | $3,150,000 | -18.5% | 0.1% |
| Fairfield County Bank | $325,000 | $3,085,000 | 849.2% | 0.1% |
| DIGITAL Federal Credit Union | $4,595,000 | $3,065,000 | -33.3% | 0.1% |
| AMERICAN ADVISORS GROUP | $1,370,000 | $3,040,000 | 121.9% | 0.1% |
| City National Bank of Florida | $2,745,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $4,605,000 | $2,690,000 | -41.6% | 0.1% |
| Arvest Bank | $5,170,000 | $2,625,000 | -49.2% | 0.1% |
| SOFI LENDING CORP. | $8,660,000 | $2,605,000 | -69.9% | 0.1% |
| Ally Bank | $1,235,000 | $2,540,000 | 105.7% | 0.1% |
| Glens Falls National Bank and Trust Company | $785,000 | $2,520,000 | 221.0% | 0.1% |
| AMERICAN INTERNET MORTGAGE, INC. | $4,065,000 | $2,500,000 | -38.5% | 0.1% |
| TOTAL MORTGAGE SERVICES, LLC | $3,320,000 | $2,490,000 | -25.0% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $770,000 | $2,405,000 | 212.3% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $6,360,000 | $2,380,000 | -62.6% | 0.1% |
| Bethpage Federal Credit Union | $2,345,000 | $2,265,000 | -3.4% | 0.1% |
| Northern Bank & Trust Company | $2,205,000 | n/a | 0.1% | |
| MountainOne Bank | $1,715,000 | $2,100,000 | 22.4% | 0.0% |
| CIBC Bank USA | $555,000 | $2,085,000 | 275.7% | 0.0% |
| Armed Forces Bank | $375,000 | $2,070,000 | 452.0% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $1,730,000 | $2,005,000 | 15.9% | 0.0% |
| The Huntington National Bank | $1,955,000 | $1,960,000 | 0.3% | 0.0% |
| AMERICAN FINANCING CORPORATION | $4,750,000 | $1,910,000 | -59.8% | 0.0% |
| Bank of New Hampshire | $690,000 | $1,870,000 | 171.0% | 0.0% |
| Envision Bank | $1,060,000 | $1,860,000 | 75.5% | 0.0% |
| Evolve Bank & Trust | $1,035,000 | $1,835,000 | 77.3% | 0.0% |
| HARVARD UNIVERSITY EMPLOYEES | $1,710,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $95,000 | $1,665,000 | 1,652.6% | 0.0% |
| TrustCo Bank | $4,545,000 | $1,630,000 | -64.1% | 0.0% |
| SIRVA MORTGAGE, INC. | $315,000 | $1,620,000 | 414.3% | 0.0% |
| HANSCOM | $1,950,000 | $1,575,000 | -19.2% | 0.0% |
| Discover Bank | $680,000 | $1,565,000 | 130.1% | 0.0% |
| Amalgamated Bank | $655,000 | $1,445,000 | 120.6% | 0.0% |
| Mortgage Network, Inc. | $975,000 | $1,435,000 | 47.2% | 0.0% |
| Northway Bank | $1,845,000 | $1,415,000 | -23.3% | 0.0% |
| First Horizon Bank | $505,000 | $1,400,000 | 177.2% | 0.0% |
| First Hope Bank, A National Banking Association | $1,355,000 | n/a | 0.0% | |
| The Central Trust Bank | $1,350,000 | n/a | 0.0% | |
| Toyota Financial Savings Bank | $1,330,000 | $1,345,000 | 1.1% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $535,000 | $1,315,000 | 145.8% | 0.0% |
| Independent Bank | $1,305,000 | n/a | 0.0% | |
| Wyndham Capital Mortgage, Inc. | $6,975,000 | $1,300,000 | -81.4% | 0.0% |
| Figure Lending LLC | $90,000 | $1,280,000 | 1,322.2% | 0.0% |
| SPRING EQ, LLC | $1,235,000 | $1,265,000 | 2.4% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $1,220,000 | n/a | 0.0% | |
| Needham Bank | $840,000 | $1,205,000 | 43.5% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $1,235,000 | $1,195,000 | -3.2% | 0.0% |
| CRESCENT MORTGAGE COMPANY | $525,000 | $1,190,000 | 126.7% | 0.0% |
| Raymond James Bank | $1,415,000 | $1,110,000 | -21.6% | 0.0% |
| Fieldpoint Private Bank & Trust | $1,105,000 | n/a | 0.0% | |
| POLISH NATIONAL | $1,090,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $1,365,000 | $1,090,000 | -20.1% | 0.0% |
| FirstBank | $2,680,000 | $1,070,000 | -60.1% | 0.0% |
| NORTHEAST CREDIT UNION | $1,740,000 | $1,060,000 | -39.1% | 0.0% |
| BMO Harris Bank | $3,565,000 | $1,005,000 | -71.8% | 0.0% |
| WILLIAM RAVEIS MORTGAGE, LLC | $4,170,000 | $1,005,000 | -75.9% | 0.0% |
| NFM, INC. | $155,000 | $985,000 | 535.5% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $240,000 | $925,000 | 285.4% | 0.0% |
| First National Bank of America | $1,080,000 | $915,000 | -15.3% | 0.0% |
| Prosperity Home Mortgage, LLC | $560,000 | $910,000 | 62.5% | 0.0% |
| PHH Mortgage Corporation | $3,390,000 | $890,000 | -73.7% | 0.0% |
| Quontic Bank | $1,845,000 | $890,000 | -51.8% | 0.0% |
| Firstrust Savings Bank | $880,000 | n/a | 0.0% | |
| MEMBER FIRST MORTGAGE, LLC | $2,395,000 | $880,000 | -63.3% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $2,865,000 | $870,000 | -69.6% | 0.0% |
| First Internet Bank of Indiana | $1,845,000 | $855,000 | -53.7% | 0.0% |
| Axos Bank | $1,770,000 | $835,000 | -52.8% | 0.0% |
| United Nations Federal Credit Union | $960,000 | $810,000 | -15.6% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $465,000 | $775,000 | 66.7% | 0.0% |
| Bank of England | $3,230,000 | $770,000 | -76.2% | 0.0% |
| Colonial Savings, F.A. | $4,095,000 | $770,000 | -81.2% | 0.0% |
| GuardHill Financial Corp. | $3,580,000 | $760,000 | -78.8% | 0.0% |
| KELLER MORTGAGE, LLC | $965,000 | $745,000 | -22.8% | 0.0% |
| ARC HOME LLC | $1,105,000 | $720,000 | -34.8% | 0.0% |
| PREMIA MORTGAGE, LLC | $1,420,000 | $720,000 | -49.3% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $910,000 | $715,000 | -21.4% | 0.0% |
| PLANET HOME LENDING, LLC | $680,000 | $715,000 | 5.1% | 0.0% |
| East Cambridge Savings Bank | $710,000 | n/a | 0.0% | |
| FEDEX EMPLOYEES CREDIT ASSOCIATION | $245,000 | $705,000 | 187.8% | 0.0% |
| Provident Bank | $705,000 | n/a | 0.0% | |
| FINEX CREDIT UNION | $420,000 | $700,000 | 66.7% | 0.0% |
| Simmons Bank | $205,000 | $695,000 | 239.0% | 0.0% |
| Unity Bank | $215,000 | $690,000 | 220.9% | 0.0% |
| CANOPY MORTGAGE, LLC | $680,000 | n/a | 0.0% | |
| FBC MORTGAGE, LLC | $275,000 | $675,000 | 145.5% | 0.0% |
| Midwest Community Bank | $315,000 | $665,000 | 111.1% | 0.0% |
| Navigant Credit Union | $860,000 | $660,000 | -23.3% | 0.0% |
| CHEVRON | $295,000 | $650,000 | 120.3% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $685,000 | $650,000 | -5.1% | 0.0% |
| STAR ONE CREDIT UNION | $645,000 | n/a | 0.0% | |
| First Federal Bank | $2,495,000 | $640,000 | -74.3% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $1,255,000 | $630,000 | -49.8% | 0.0% |
| RADIUS FINANCIAL GROUP INC. | $585,000 | n/a | 0.0% | |
| First United Bank and Trust Company | $365,000 | $580,000 | 58.9% | 0.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $3,605,000 | $565,000 | -84.3% | 0.0% |
| Nations Lending Corporation | $1,305,000 | $555,000 | -57.5% | 0.0% |
| Meridian Bank Corporation | $465,000 | $550,000 | 18.3% | 0.0% |
| IMPAC MORTGAGE CORP. | $540,000 | n/a | 0.0% | |
| Poli Mortgage Group, Inc. | $710,000 | $540,000 | -23.9% | 0.0% |
| Magnolia Bank | $1,230,000 | $510,000 | -58.5% | 0.0% |
| RBC Bank, (Georgia) | $910,000 | $510,000 | -44.0% | 0.0% |
| Fidelity Bank | $165,000 | $505,000 | 206.1% | 0.0% |
| Sanibel Captiva Community Bank | $505,000 | n/a | 0.0% | |
| First Guaranty Mortgage Corporation | $4,690,000 | $495,000 | -89.4% | 0.0% |
| United Bank | $495,000 | n/a | 0.0% | |
| WEBSTER FIRST Federal Credit Union | $495,000 | n/a | 0.0% | |
| ANGEL OAK HOME LOANS LLC | $490,000 | n/a | 0.0% | |
| OCEANSIDE MORTGAGE COMPANY | $955,000 | $490,000 | -48.7% | 0.0% |
| INLAND BANK & TRUST | $625,000 | $485,000 | -22.4% | 0.0% |
| Wilmington Savings Fund Society, FSB | $645,000 | $475,000 | -26.4% | 0.0% |
| REVERSE MORTGAGE FUNDING LLC | $730,000 | $455,000 | -37.7% | 0.0% |
| The Dart Bank | $455,000 | n/a | 0.0% | |
| Freedom Credit Union | $195,000 | $435,000 | 123.1% | 0.0% |
| NORWICH COMMERCIAL GROUP, INC. | $1,155,000 | $430,000 | -62.8% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,230,000 | $410,000 | -66.7% | 0.0% |
| Monson Savings Bank | $205,000 | $405,000 | 97.6% | 0.0% |
| Northwest Bank | $405,000 | n/a | 0.0% | |
| Oakstar Bank | $405,000 | n/a | 0.0% | |
| AFFINITY | $1,210,000 | $395,000 | -67.4% | 0.0% |
| Farmers Bank & Trust | $385,000 | n/a | 0.0% | |
| Academy Bank | $375,000 | n/a | 0.0% | |
| NATIONS RELIABLE LENDING, LLC | $375,000 | n/a | 0.0% | |
| Popular Bank | $375,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $165,000 | $375,000 | 127.3% | 0.0% |
| Cornerstone Bank | $760,000 | $365,000 | -52.0% | 0.0% |
| Semper Home Loans, Inc. | $365,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $765,000 | $355,000 | -53.6% | 0.0% |
| CENTRAL ONE FEDERAL CREDIT UNION | $185,000 | $350,000 | 89.2% | 0.0% |
| CITIZENS EQUITY FIRST | $345,000 | n/a | 0.0% | |
| Silicon Valley Bank | $3,210,000 | $345,000 | -89.3% | 0.0% |
| TEACHERS | $345,000 | n/a | 0.0% | |
| The Union Bank Company | $345,000 | n/a | 0.0% | |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $330,000 | n/a | 0.0% | |
| Cf Bank | $1,550,000 | $315,000 | -79.7% | 0.0% |
| Encompass Lending Group, LP | $315,000 | n/a | 0.0% | |
| North Shore Bank, a Co-operative Bank | $990,000 | $315,000 | -68.2% | 0.0% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $3,825,000 | $305,000 | -92.0% | 0.0% |
| Kearny Bank | $195,000 | $305,000 | 56.4% | 0.0% |
| Valley National Bank | $305,000 | n/a | 0.0% | |
| Premium Mortgage Corporation | $295,000 | n/a | 0.0% | |
| PROPONENT Federal Credit Union | $295,000 | n/a | 0.0% | |
| Univest Bank and Trust Co. | $285,000 | n/a | 0.0% | |
| HIWAY | $275,000 | n/a | 0.0% | |
| PCSB Bank | $275,000 | n/a | 0.0% | |
| USAlliance Federal Credit Union | $635,000 | $270,000 | -57.5% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $265,000 | n/a | 0.0% | |
| BAY EQUITY LLC | $990,000 | $265,000 | -73.2% | 0.0% |
| US MORTGAGE CORPORATION | $185,000 | $265,000 | 43.2% | 0.0% |
| State Department Federal Credit Union | $250,000 | n/a | 0.0% | |
| BOKF | $375,000 | $245,000 | -34.7% | 0.0% |
| First Home Bank | $4,240,000 | $235,000 | -94.5% | 0.0% |
| Lakeland Bank | $235,000 | n/a | 0.0% | |
| The Northern Trust Company | $1,410,000 | $235,000 | -83.3% | 0.0% |
| LENDINGONE, LLC | $255,000 | $225,000 | -11.8% | 0.0% |
| Texana Bank | $145,000 | $225,000 | 55.2% | 0.0% |
| HOMESPIRE MORTGAGE CORPORATION | $755,000 | $215,000 | -71.5% | 0.0% |
| MASSMUTUAL | $485,000 | $205,000 | -57.7% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $205,000 | n/a | 0.0% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $195,000 | n/a | 0.0% | |
| Chickasaw Community Bank | $185,000 | n/a | 0.0% | |
| Low VA Rates, LLC | $470,000 | $185,000 | -60.6% | 0.0% |
| NUTMEG STATE FINANCIAL | $185,000 | n/a | 0.0% | |
| S1L, Inc. | $185,000 | n/a | 0.0% | |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $185,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $370,000 | $180,000 | -51.4% | 0.0% |
| GEORGIA'S OWN | $125,000 | $180,000 | 44.0% | 0.0% |
| Ixonia Bank | $295,000 | $175,000 | -40.7% | 0.0% |
| Princeton Mortgage Corporation | $175,000 | n/a | 0.0% | |
| RESIDENTIAL MORTGAGE SERVICES, INC. | $11,115,000 | $165,000 | -98.5% | 0.0% |
| ZILLOW HOME LOANS, LLC | $165,000 | n/a | 0.0% | |
| UTILITIES EMPLOYEES CREDIT UNION | $160,000 | n/a | 0.0% | |
| BankNewport | $155,000 | n/a | 0.0% | |
| Kleberg Bank, N.A | $145,000 | n/a | 0.0% | |
| Main Street Bank | $1,810,000 | $145,000 | -92.0% | 0.0% |
| United States Senate Federal Credit Union | $145,000 | n/a | 0.0% | |
| Christian Community Credit Union | $45,000 | $75,000 | 66.7% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $115,000 | $75,000 | -34.8% | 0.0% |
| SUFFOLK | $65,000 | n/a | 0.0% | |
| GREENWOOD | $35,000 | n/a | 0.0% | |
| Baxter Credit Union | $1,695,000 | $25,000 | -98.5% | 0.0% |
Vermont's top lender by overall market share is NEW ENGLAND FEDERAL CREDIT UNION, with 11.9% market share. In second place, with 6.4%, is Mascoma Bank, having originated $273,760,000 in loans. In third place, with 5.1%, is QUICKEN LOANS, LLC, having originated $217,905,000 in loans. In fourth place, with 4.4%, is Union Bank, having originated $186,760,000 in loans. In fifth place, with 3.4%, is NORTHEAST HOME LOAN, LLC, having originated $145,485,000 in loans.
Vermont Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 7,279 | $2,483,425,000 | $341,177 |
| Cash Out Refi | 2,784 | $664,380,000 | $238,642 |
| Refi | 2,660 | $575,620,000 | $216,398 |
| Home Improvement | 2,561 | $272,565,000 | $106,429 |
| Other | 1,252 | $258,480,000 | $206,454 |
Vermont's most frequently cited loan purpose was Home Purchase, with 7,279 originations. The 2nd most popular reason was Cash Out Refi, with 2,784 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 4,246 | $1,209,870,000 | $284,943 |
| 4-5% | 3,738 | $980,380,000 | $262,274 |
| 5-6% | 3,597 | $921,225,000 | $256,109 |
| 6-7% | 1,468 | $340,640,000 | $232,044 |
| 2.5-3% | 1,369 | $403,435,000 | $294,693 |
| <2.5% | 1,060 | $206,210,000 | $194,538 |
| 7-8% | 402 | $70,910,000 | $176,393 |
| Over 8% | 187 | $18,765,000 | $100,348 |
During 2022, Vermont's most frequently originated rate bucket was 3-4%, with 4,246 originations.
Loan Sizing (Vermont MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 5,739 | $1,608,225,000 | $280,227 |
| $100k-200k | 4,480 | $663,650,000 | $148,136 |
| $100,000 or less | 3,984 | $202,910,000 | $50,931 |
| $400k-600k | 1,528 | $723,540,000 | $473,521 |
| $600k-1000k | 549 | $396,445,000 | $722,122 |
| $Over $1MM | 256 | $659,700,000 | $2,576,953 |
Vermont's loan sizing saw the bucket of loans from $200k-400k with 5,739 originations, totaling $1,608,225,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 4,633 | $1,652,255,000 | $356,627 |
| 80-100% | 4,189 | $1,394,115,000 | $332,804 |
| Under 20% | 2,623 | $141,155,000 | $53,814 |
| 40-60% | 2,367 | $597,605,000 | $252,474 |
| 20-40% | 2,132 | $300,300,000 | $140,854 |
| Over 100% | 115 | $60,165,000 | $523,174 |
Vermont's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 4,633 originations, totaling $1,652,255,000 in origination value.