212 Loans . Mortgage Rates, Fees & Info
Friendswood, TXLEI: 254900ACU16O36WZP625
Tax ID: 46-1866059
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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 include Houston, Tampa, Denver, Phoenix, and Dallas among others. 212 Loans . has an above average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors.Originations
400Origination Dollar Volume (All Markets)
$97,590,000Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 88 | $19,050,000 | $216,477 | $0 | 9.90% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 76 | $15,690,000 | $206,447 | $0 | 10.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 34 | $14,430,000 | $424,412 | $0 | 13.06% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 36 | $10,430,000 | $289,722 | $0 | 10.02% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 35 | $8,085,000 | $231,000 | $0 | 10.45% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 20 | $7,410,000 | $370,500 | $0 | 9.99% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 34 | $5,850,000 | $172,059 | $0 | 9.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 29 | $5,115,000 | $176,379 | $0 | 10.78% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 17 | $3,935,000 | $231,471 | $0 | 9.81% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 10 | $2,150,000 | $215,000 | $0 | 10.19% |
| FORT COLLINS, CO (FHA|USDA|VA) | 4 | $1,990,000 | $497,500 | $0 | 12.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 11 | $1,915,000 | $174,091 | $0 | 10.26% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $0 | 14.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 10.99% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 9.99% |
| Outside of Metro Areas | 1 | $175,000 | $175,000 | $0 | 9.99% |
212 Loans .'s top markets include Houston, Tampa, Denver, Phoenix, and Dallas among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 400 | $97,590,000 | $243,975 | $0 | 10.51% |
For the 2021 period, 212 Loans .'s most frequently originated loan type of loans were Conventional, with 400 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 400 | $97,590,000 | $243,975 | $0 | 10.51% |
For the 2021, 212 Loans .'s most frequently cited loan purpose of loans were Home Purchase, with 400 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 398 | $96,660,000 | $242,864 | $0 | 10.52% |
| 1 Year | 2 | $930,000 | $465,000 | $0 | 10.00% |
For the 2021, 212 Loans .'s most frequently cited loan length of loans were Other, with 398 originations. The 2nd most popular length of loans were 1 Year, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 373 | $91,665,000 | $245,751 |
| 6-7% | 22 | $4,410,000 | $200,455 |
| 7-8% | 5 | $1,515,000 | $303,000 |
During 2021, 212 Loans .'s average interest rate of loans were 0.00%, while their most frequently originated rate bucket of loans were Over 8%, with 373 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 169 | $48,265,000 | $285,592 | $0 | 10.39% |
| $100k-200k | 134 | $20,810,000 | $155,299 | $0 | 9.95% |
| $100,000 or less | 45 | $2,715,000 | $60,333 | $0 | 11.68% |
| $400k-600k | 43 | $20,155,000 | $468,721 | $0 | 11.34% |
| $600k-1MM | 9 | $5,645,000 | $627,222 | $0 | 11.33% |
2021 saw 212 Loans . place emphasis on $200k-400k loans with 169 originations, totaling $48,265,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 13 | $2,425,000 | $186,538 | $0 | 9.07% |
| $100k-150k | 8 | $1,960,000 | $245,000 | $0 | 10.62% |
| $150k-250k | 7 | $1,315,000 | $187,857 | $0 | 8.99% |
| $50k or less | 2 | $540,000 | $270,000 | $0 | 9.99% |
| $50k-75k | 1 | $175,000 | $175,000 | $0 | 9.99% |
212 Loans . lent most frequently to those with incomes in the $250k+ range, with 13 originations. The second most popular income band? $100k-150k, with 8 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 335 | $79,425,000 | $237,090 | $0 | 10.51% |
| White | 43 | $12,665,000 | $294,535 | $0 | 10.53% |
| Not provided | 16 | $3,950,000 | $246,875 | $0 | 10.56% |
| Chinese | 2 | $710,000 | $355,000 | $0 | 12.00% |
| Asian Indian | 2 | $460,000 | $230,000 | $0 | 9.99% |
| Black | 1 | $265,000 | $265,000 | $0 | 10.00% |
| Vietnamese | 1 | $115,000 | $115,000 | $0 | 10.99% |
Approval Rates
Total approvals of all applications98.79%
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 origination99.51%
212 Loans . has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 400 | $97,590,000 | $243,975 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 400 | $97,590,000 | $243,975 |
