212 Loans Mortgage Rates, Fees & Info
Friendswood, TXLEI: 254900ACU16O36WZP625
Tax ID: 46-1866059
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Mortgage Data
Review & Overview
212 Loans is a smaller mortgage company specializing in Home Purchase loans. 212 Loans has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Austin, Tampa, Phoenix, and San Antonio among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)212 Loans has an above average approval rate when compared to the average across all lenders.
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Originations
631Origination Dollar Volume (All Markets)
$155,745,000Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 225 | $45,585,000 | $202,600 | $0 | 9.23% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 50 | $18,240,000 | $364,800 | $0 | 10.09% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 71 | $17,055,000 | $240,211 | $0 | 10.99% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 52 | $16,520,000 | $317,692 | $0 | 10.45% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 76 | $14,470,000 | $190,395 | $0 | 9.39% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 52 | $13,570,000 | $260,962 | $0 | 9.82% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 24 | $10,230,000 | $426,250 | $0 | 13.67% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 22 | $5,950,000 | $270,455 | $0 | 10.20% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 17 | $4,315,000 | $253,824 | $0 | 11.05% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 12 | $2,130,000 | $177,500 | $0 | 10.74% |
| BOULDER, CO (FHA|USDA|VA) | 4 | $1,880,000 | $470,000 | $0 | 13.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $1,805,000 | $257,857 | $0 | 11.13% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 5 | $1,575,000 | $315,000 | $0 | 9.49% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 14.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 10.99% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 14.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 9.99% |
| Outside of Metro Areas | 1 | $255,000 | $255,000 | $0 | 7.99% |
| El Campo, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 9.99% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 9.99% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 6.99% |
| OCALA, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 11.99% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 9.99% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 11.99% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 631 | $155,745,000 | $246,823 | $0 | 10.03% |
For 2022, 212 Loans's most frequently originated type of loan was Conventional, with 631 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 631 | $155,745,000 | $246,823 | $0 | 10.03% |
For 2022, 212 Loans's most frequently cited loan purpose was Home Purchase, with 631 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 629 | $155,115,000 | $246,606 | $0 | 10.02% |
| 1 Year | 2 | $630,000 | $315,000 | $0 | 10.99% |
For 2022, 212 Loans's most frequently cited loan duration was Other, with 629 originations. The 2nd most popular length was 1 Year, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 475 | $123,365,000 | $259,716 |
| 6-7% | 92 | $17,640,000 | $191,739 |
| 7-8% | 64 | $14,740,000 | $230,313 |
During 2022, 212 Loans's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 475 originations.
Loan Sizing
2022 saw 212 Loans place emphasis on $200k-400k loans with 269 originations, totaling $73,615,000 in origination value.
Applicant Income
212 Loans lent most frequently to those with incomes in the $250k+ range, with 79 originations. The second most popular income band? $100k-150k, with 57 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
212 Loans has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 631 | $155,745,000 | $246,823 |