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, Tampa, Phoenix, Denver, and San Antonio among others. We have data for 23 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. They have an above average pick rate when compared to similar lenders.
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Originations
665Origination Dollar Volume (All Markets)
$167,405,000Top 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) | 190 | $38,300,000 | $201,579 | $0 | 11.61% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 115 | $32,075,000 | $278,913 | $0 | 12.07% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 46 | $16,160,000 | $351,304 | $0 | 11.74% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 30 | $12,960,000 | $432,000 | $0 | 13.33% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 51 | $9,195,000 | $180,294 | $0 | 11.70% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 29 | $9,015,000 | $310,862 | $0 | 11.57% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 38 | $8,340,000 | $219,474 | $0 | 11.58% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 29 | $7,995,000 | $275,690 | $0 | 11.99% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 25 | $7,055,000 | $282,200 | $0 | 12.13% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 22 | $6,990,000 | $317,727 | $0 | 12.06% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 28 | $5,050,000 | $180,357 | $0 | 11.85% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 19 | $4,355,000 | $229,211 | $0 | 11.75% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 17 | $3,805,000 | $223,824 | $0 | 11.88% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $1,300,000 | $650,000 | $0 | 14.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 6 | $1,240,000 | $206,667 | $0 | 12.24% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $0 | 11.79% |
| Outside of Metro Areas | 4 | $740,000 | $185,000 | $0 | 11.49% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 13.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 14.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 10.99% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 10.99% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $0 | 11.99% |
| Bay City, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 10.99% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 665 | $167,405,000 | $251,737 | $0 | 11.87% |
For 2023, 212 Loans's most frequently originated type of loan was Conventional, with 665 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 665 | $167,405,000 | $251,737 | $0 | 11.87% |
For 2023, 212 Loans's most frequently cited loan purpose was Home Purchase, with 665 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 665 | $167,405,000 | $251,737 | $0 | 11.87% |
For 2023, 212 Loans's most frequently cited loan duration was Other, with 665 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 665 | $167,405,000 | $251,737 |
During 2023, 212 Loans's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 665 originations.
Loan Sizing
2023 saw 212 Loans place emphasis on $200k-400k loans with 303 originations, totaling $85,495,000 in origination value.
Applicant Income
212 Loans lent most frequently to those with incomes in the $150k-250k range, with 75 originations. The second most popular income band? $100k-150k, with 49 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 origination90.23%
212 Loans has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 665 | $167,405,000 | $251,737 |