New Wave Loans Residential Mortgage Rates, Fees & Info

Wilmington, DE

LEI: 2549004LHWTI9UAUAJ26

Tax ID: 80-0860660

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    New Wave Loans Residential is a smaller mortgage company specializing in NA loans. New Wave Loans Residential has a high proportion of conventional loans.

    New Wave Loans Residential has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    71

    Origination Dollar Volume (All Markets)

    $67,605,000

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Outside of Metro Areas 71 $67,605,000 $952,183 $0 0.00%
    New Wave Loans Residential's top markets include

    Their top states include:
  • (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 71 $67,605,000 $952,183 $0 0.00%

    For 2018, New Wave Loans Residential's most frequently originated type of loan was Conventional, with 71 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    NA 71 $67,605,000 $952,183 $0 0.00%

    For 2018, New Wave Loans Residential's most frequently cited loan purpose was NA, with 71 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 71 $67,605,000 $952,183 $0 0.00%

    For 2018, New Wave Loans Residential's most frequently cited loan duration was Other, with 71 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 22 $54,310,000 $2,468,636 $0 0.00%
    $200k-400k 17 $4,785,000 $281,471 $0 0.00%
    $100,000 or less 16 $80,000 $5,000 $0 0.00%
    $400k-600k 10 $5,090,000 $509,000 $0 0.00%
    $600k-1MM 4 $2,980,000 $745,000 $0 0.00%
    $100k-200k 2 $360,000 $180,000 $0 0.00%

    2018 saw New Wave Loans Residential place emphasis on $1MM+ loans with 22 originations, totaling $54,310,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 53 $43,385,000 $818,585 $0 0.00%
    White 13 $17,335,000 $1,333,462 $0 0.00%
    Black 2 $6,650,000 $3,325,000 $0 0.00%
    Not provided 3 $235,000 $78,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    New Wave Loans Residential has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    39.44%

    New Wave Loans Residential has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 71 $67,605,000 $952,183

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 71 $67,605,000 $952,183