Vermont Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Vermont averaged 6.89% for the week of 2024-03-21, compared to the national average of 6.87% for the same period.

The average rate for the prior week (2024-03-14) was 6.46% and one month ago for the week of 2024-02-15, the average rate was 6.59%.

Vermont's average rate one year ago was 6.42%.

For refis of the same type during the week of 2024-03-21, the average rate was 6.55%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-03-21 6.87%
Vermont 30 Year Fixed Rate 2024-03-21 6.89%
Vermont 30 Year Fixed Rate Refi 2024-03-21 6.55%
Vermont 15 Year Fixed Rate 2024-03-21 6.47%
Vermont 15 Year Fixed Rate Refi 2024-03-21 7.01%
Vermont 30 Year FHA 2024-03-21 6.71%
Vermont 30 Year FHA Refi 2024-03-21 6.9%
Vermont 30 Year USDA 2024-03-21 6.87%
Vermont 30 Year USDA Refi 2024-03-21 6.47%
Vermont 30 Year VA 2024-03-21 6.64%
Vermont 30 Year VA Refi 2024-03-21 6.64%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Vermont.

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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
NEW ENGLAND FEDERAL CREDIT UNION 584 6.53% $4,156
NORTHEAST HOME LOAN, LLC 433 6.72% $5,988
Union Bank 342 6.83% $5,267
QUICKEN LOANS, LLC 256 6.69% $8,359
Mascoma Bank 219 6.71% $5,297
Community Bank 168 6.74% $382
Vermont Federal Credit Union 155 6.47% $4,004
CMG MORTGAGE, INC. 111 7.06% $5,812
Northfield Savings Bank 106 6.20% $3,906
EMM LOANS LLC 99 7.08% $5,611
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 94 6.91% $6,599
Community National Bank 82 7.11% $3,773
Advisors Mortgage Group, L.L.C. 81 6.80% $6,721
ACADEMY MORTGAGE CORPORATION 73 6.99% $7,606
NORTH COUNTRY 60 7.28% $3,839
Citizens Bank 56 6.85% $6,507
UNITED WHOLESALE MORTGAGE, LLC 56 6.74% $6,139
TD Bank 55 6.45% $4,950
M&T Bank 53 6.65% $5,493
Morgan Stanley Private Bank 47 5.89% $5,044
HOMEBRIDGE FINANCIAL SERVICES, INC. 47 6.47% $7,045
JPMorgan Chase Bank 45 6.20% $8,544
DRAPER AND KRAMER MORTGAGE CORP. 40 6.90% $5,462
American Mortgage & Equity Consultants, Inc. 40 7.29% $5,525
MOVEMENT MORTGAGE, LLC 39 6.79% $6,885
PRIMELENDING, A PLAINSCAPITAL COMPANY 36 6.81% $7,473
PENNYMAC LOAN SERVICES, LLC 35 6.36% $5,859
Bank of America 34 5.96% $7,868
Mr. Cooper ( Nationstar Mortgage ) 28 6.70% $9,327
Wells Fargo Bank 28 6.43% $6,596
GUARANTEED RATE, INC. 27 7.15% $8,036
LOANDEPOT.COM, LLC 23 6.76% $8,878
KeyBank 22 6.70% $5,190
CROSSCOUNTRY MORTGAGE, LLC 22 7.31% $8,143
Bar Harbor Bank & Trust 21 6.38% $4,892
Citibank 21 5.42% $7,435
U.S. Bank 21 6.44% $8,568
NAVY FEDERAL CREDIT UNION 20 6.62% $5,309
Farm Credit East, ACA 18 7.73% $5,643
Mortgage Research Center, LLC 16 6.62% $6,689
GUILD MORTGAGE COMPANY 16 6.98% $6,707
AMERISAVE MORTGAGE CORPORATION 16 6.33% $9,072
Leader Bank 14 6.93% $5,564
BETTER MORTGAGE CORPORATION 14 6.10% $8,276
PRIMARY RESIDENTIAL MORTGAGE, INC. 11 7.11% $10,391
NBT Bank 10 5.93% $4,539
NBKC BANK 10 6.75% $4,436
PNC Bank 10 6.48% $7,586
RELIANCE FIRST CAPITAL, LLC 10 7.39% $14,210
Adams Community Bank 10 5.38% $4,306
First Republic Bank 9 4.89% $6,166
Northpointe Bank 8 6.89% $8,303
BROKER SOLUTIONS, INC. 8 7.00% $9,602
GUARANTEED RATE AFFINITY, LLC 7 7.10% $6,904
ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 7.21% $11,330
NEWREZ LLC 7 6.94% $8,299
MUTUAL OF OMAHA MORTGAGE, INC. 7 7.02% $6,169
GREYLOCK 7 5.61% $4,156
Berkshire Bank 6 6.48% $6,251
21ST MORTGAGE CORPORATION 6 8.08% $5,597
TOTAL MORTGAGE SERVICES, LLC 5 8.13% $10,341
UBS Bank USA 5 6.23% $7,838
Ally Bank 5 6.48% $9,098
Kittredge Mortgage Corporation 5 6.73% $11,746
LAKEVIEW LOAN SERVICING, LLC 5 6.55% $11,385
NORWICH COMMERCIAL GROUP, INC. 5 7.40% $7,169
Charles Schwab Bank, SSB 5 6.04% $5,388
PENTAGON FEDERAL CREDIT UNION 5 6.65% $3,811
First-Citizens Bank & Trust Company 5 5.95% $5,837
The Huntington National Bank 5 6.65% $7,316
The Camden National Bank 4 7.03% $5,386
PHH Mortgage Corporation 4 6.97% $8,877
CARDINAL FINANCIAL 4 7.50% $5,208
Webster Bank 4 6.91% $6,925
BNY Mellon 4 4.97% $6,942
Service Federal Credit Union 4 7.13% $3,323
EMBRACE HOME LOANS, INC. 4 6.88% $6,026
USAA Federal Savings Bank 4 6.81% $8,473
Discover Bank 4 6.80% $0
The Federal Savings Bank 3 6.21% $13,832
Avidia Bank 3 5.58% $3,345
Bangor Savings Bank 3 6.46% $4,748
Bank of England 3 6.75% $7,381
CALIBER HOME LOANS, INC. 3 7.04% $5,141
Easthampton Savings Bank 3 5.96% $4,321
EVERETT FINANCIAL, INC. 3 6.54% $8,701
FREEDOM MORTGAGE CORPORATION 3 7.04% $6,996
HARBORONE MORTGAGE, LLC 3 6.88% $5,293
NexBank 3 7.25% $9,876
Paramount Residential Mortgage Group, Inc. 3 6.54% $6,792
RBC Bank, (Georgia) 3 5.96% $4,454
Waterstone Mortgage Corporation 3 6.96% $9,013
WILLIAM RAVEIS MORTGAGE, LLC 3 7.04% $12,780
The Central Trust Bank 2 6.81% $6,197
Arvest Bank 2 6.69% $5,473
Evolve Bank & Trust 2 6.06% $4,959
Goldman Sachs Bank USA 2 6.10% $6,796
BNC National Bank 2 5.94% $5,776
Truist 2 6.79% $6,484
TrustCo Bank 2 5.81% $2,677
Prosperity Home Mortgage, LLC 2 7.00% $8,684
First National Bank of America 2 9.12% $10,275
Flagstar Bank, FSB 2 7.31% $7,004
Meredith Village Savings Bank 2 6.25% $9,161
Merrimack County Savings Bank 2 6.38% $4,386
ABSOLUTE HOME MORTGAGE CORPORATION 2 8.44% $14,097
Semper Home Loans, Inc. 2 6.63% $8,925
Barrington Bank & Trust Company, N.A. 2 7.19% $5,687
North American Savings Bank, F.S.B. 2 7.63% $4,193
LEADERONE FINANCIAL CORPORATION 2 6.88% $5,352
Wilmington Savings Fund Society, FSB 2 6.50% $7,461
Stifel Bank and Trust 2 5.19% $7,331
NORTHEAST CREDIT UNION 2 5.44% $3,894
HOMESTEAD FUNDING CORP. 2 7.38% $15,922
Farmers Bank & Trust 2 6.56% $4,516
TEACHERS 2 6.44% $4,180
HANSCOM 2 5.94% $6,495
Northway Bank 1 6.50% $3,370
Northwest Bank 1 6.75% $5,592
CIBC Bank USA 1 5.13% $13,601
OceanFirst Bank 1 7.38% $4,360
Chemung Canal Trust Company 1 6.38% $3,127
Century Mortgage Company DBA Century Lending Company 1 7.00% $9,711
CENTRAL ONE FEDERAL CREDIT UNION 1 6.74% $2,913
PLANET HOME LENDING, LLC 1 6.88% $9,158
Carrington Mortgage Services, LLC 1 6.75% $7,845
PREMIA MORTGAGE, LLC 1 7.00% $380
CALCON MUTUAL MORTGAGE LLC 1 8.50% $15,737
BMO Harris Bank 1 6.00% $5,352
WINGS FINANCIAL 1 6.00% $3,447
Bethpage Federal Credit Union 1 6.25% $4,674
RUOFF MORTGAGE COMPANY, INC. 1 5.75% $5,215
SCIENT Federal Credit Union 1 4.75% $5,171
Solarity Credit Union 1 7.00% $7,088
STAR ONE CREDIT UNION 1 6.25% $3,447
Stride Bank 1 7.50% $6,360
Bank Rhode Island 1 7.38% $5,621
Bank of New Hampshire 1 7.00% $4,638
Armed Forces Bank 1 7.38% $6,022
ARC HOME LLC 1 7.00% $7,822
Toyota Financial Savings Bank 1 5.50% $7,580
Ameris Bank 1 6.63% $5,778
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $6,812
AMERICAN FINANCING CORPORATION 1 7.63% $9,272
AMERICAN FINANCIAL RESOURCES, INC. 1 7.13% $6,004
AMERICAN FINANCIAL NETWORK, INC. 1 7.50% $12,573
US MORTGAGE CORPORATION 1 6.88% $14,041
UTILITIES EMPLOYEES CREDIT UNION 1 7.50% $6,043
Valley National Bank 1 5.88% $6,850
VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.25% $3,933
ALLIANT CREDIT UNION 1 6.88% $5,534
ADVANCIAL 1 8.88% $4,934
HSBC BANK USA, NATIONAL ASSOCIATION 1 7.68% $5,180
Home Loan Investment Bank, F.S.B. 1 7.50% $6,741
Heritage Bank 1 5.13% $8,813
Landmark National Bank 1 5.88% $4,436
HARVARD UNIVERSITY EMPLOYEES 1 6.00% $3,955
LIBERTY HOME MORTGAGE CORPORATION 1 6.38% $9,011
MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION 1 6.88% $4,247
MEMBERS 1ST FEDERAL CREDIT UNION 1 6.00% $5,443
MEMBERS ADVANTAGE COMMUNITY CREDIT UNION 1 5.50% $13,497
MEMBERS MORTGAGE COMPANY, INC. 1 6.13% $3,545
MERRIMACK VALLEY 1 6.13% $4,457
First Savings Bank 1 7.00% $7,784
MORTGAGE EQUITY PARTNERS LLC 1 7.25% $6,054
MountainOne Bank 1 5.88% $4,305
First Federal Bank 1 6.75% $7,562
FirstBank 1 7.38% $5,205
FBC MORTGAGE, LLC 1 7.50% $5,415
Navigant Credit Union 1 6.88% $4,032
EVANSVILLE TEACHERS 1 6.88% $4,304
ENVOY MORTGAGE, LTD 1 6.00% $8,627
DEEPHAVEN MORTGAGE LLC 1 7.50% $14,686
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.38% $9,634
WEBSTER FIRST Federal Credit Union 1 6.13% $5,594
Colonial Savings, F.A. 1 7.50% $4,633
City National Bank 1 6.63% $5,175
Citadel Servicing Corporation 1 7.88% $10,381
CIBM Bank 1 4.38% $9,719
North Shore Bank, a Co-operative Bank 1 6.50% $8,393

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.