Acre Mortgage And Financial Inc Rates, Fees & Info
MARLTON, NJLEI: 2549007G9V4FYWWWDZ31
Tax ID: 42-1554463
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Mortgage Data
Review & Overview
Acre Mortgage And Financial Inc is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Acre Mortgage And Financial Inc has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, New York, East Stroudsburg, Atlantic City, and Atlanta among others. We have data for 48 markets. (Some data included below & more in-depth data is available with an active subscription.)Acre Mortgage And Financial Inc 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. Acre Mortgage And Financial Inc is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.86% | 11/17/24 |
| 30 Year Conventional Refi | 6.55% | 11/17/24 |
| 30 Year Cash-out Refi | 6.94% | 11/17/24 |
| 30 Year FHA Purchase | 7.66% | 11/17/24 |
| 30 Year FHA Refi | 7.39% | 11/17/24 |
| 30 Year VA Purchase | 6.67% | 11/17/24 |
| 30 Year VA Refi | 5.49% | 11/17/24 |
| 30 Year USDA Purchase | 7.14% | 11/17/24 |
| 15 Year Conventional Purchase | 6.23% | 11/17/24 |
| 15 Year Conventional Refi | 5.69% | 11/17/24 |
| 15 Year Cash-out Refi | 5.69% | 11/17/24 |
| 15 Year FHA Purchase | 7.23% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Acre Mortgage And Financial Inc Mortgage Calculator
Your Estimates
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This is not an official calculator from Acre Mortgage And Financial Inc. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
555Origination Dollar Volume (All Markets)
$154,225,000Awards
Acre Mortgage and Financial Inc - 2023
Acre Mortgage and Financial Inc is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Acre Mortgage And Financial Inc's average 30 year fixed mortgage rate was
6.85%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.37%.
Relative Fees (Closing Costs)
Acre Mortgage And Financial Inc's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,646.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 353 | $93,795,000 | $265,708 | $11,250 | 6.80% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 44 | $13,200,000 | $300,000 | $10,872 | 7.05% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 22 | $5,890,000 | $267,727 | $13,684 | 7.17% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 13 | $4,065,000 | $312,692 | $12,349 | 6.85% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 10 | $4,060,000 | $406,000 | $14,849 | 6.85% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 13 | $3,705,000 | $285,000 | $9,746 | 6.70% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 10 | $2,290,000 | $229,000 | $10,571 | 6.72% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $2,265,000 | $453,000 | $5,806 | 7.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 5 | $1,985,000 | $397,000 | $12,684 | 7.25% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $1,915,000 | $383,000 | $12,990 | 7.37% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $1,745,000 | $581,667 | $14,023 | 7.12% |
| HARRISONBURG, VA (FHA|USDA|VA) | 4 | $1,530,000 | $382,500 | $23,738 | 7.19% |
| Outside of Metro Areas | 4 | $1,510,000 | $377,500 | $11,838 | 6.94% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 4 | $1,320,000 | $330,000 | $13,547 | 7.22% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 5 | $1,295,000 | $259,000 | $16,072 | 7.13% |
| DOVER, DE (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $14,491 | 6.40% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $8,622 | 6.50% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $10,884 | 6.85% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 5 | $775,000 | $155,000 | $9,244 | 7.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $14,139 | 6.88% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $16,309 | 7.13% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $6,920 | 7.38% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $6,512 | 6.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $9,341 | 6.44% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $6,398 | 5.88% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $5,802 | 6.83% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $21,305 | 5.75% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $9,065 | 6.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $12,575 | 7.18% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $22,949 | 7.13% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $24,308 | 7.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $19,968 | 6.50% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,262 | 6.63% |
| OCALA, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $15,960 | 7.63% |
| Lake City, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $18,591 | 7.00% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $20,233 | 7.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,651 | 6.25% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 7.13% |
| Palatka, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $16,212 | 6.75% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $11,743 | 6.13% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,820 | 6.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $13,252 | 6.49% |
| READING, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $11,017 | 6.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,050 | 6.63% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,980 | 6.63% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $12,048 | 7.63% |
| ERIE, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,690 | 6.63% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $5,533 | 7.50% |
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Product Mix
For 2023, Acre Mortgage And Financial Inc's most frequently originated type of loan was FHA, with 271 originations. Their 2nd most popular type was Conventional, with 260 originations.
Loan Reason
For 2023, Acre Mortgage And Financial Inc's most frequently cited loan purpose was Home Purchase, with 488 originations. The 2nd most popular reason was Cash Out Refi, with 57 originations.
Loan Duration/Length
For 2023, Acre Mortgage And Financial Inc's most frequently cited loan duration was 30 Year, with 533 originations. The 2nd most popular length was Other, with 8 originations.
Origination Fees/Closing Costs
Acre Mortgage And Financial Inc's average total fees were $11,646, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 261 originations.
Interest Rates
During 2023, Acre Mortgage And Financial Inc's average interest rate for loans was 6.85%, while their most frequently originated rate bucket for loans was 6-7%, with 278 originations.
Loan Sizing
2023 saw Acre Mortgage And Financial Inc place emphasis on $200k-400k loans with 305 originations, totaling $85,655,000 in origination value.
Applicant Income
Acre Mortgage And Financial Inc lent most frequently to those with incomes in the $100k-150k range, with 150 originations. The second most popular income band? $50k-75k, with 133 originations.
Applicant Debt to Income Ratio
Acre Mortgage And Financial Inc lent most frequently to those with DTI ratios of 50-60%, with 104 originations. The next most common DTI ratio? 30-36%, with 65 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.22%
Acre Mortgage And Financial Inc has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination57.66%
Acre Mortgage And Financial Inc 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 | 555 | $154,225,000 | $277,883 |