212 Loans . Mortgage Rates, Fees & Info

Friendswood, TX

LEI: 254900ACU16O36WZP625

Tax ID: 46-1866059

2021 Data | 2020 Data | 2019 Data | 2018 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

400

Origination Dollar Volume (All Markets)

$97,590,000

Top 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 applications
98.79%

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 origination
99.51%

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