212 Loans Mortgage Rates, Fees & Info

Friendswood, TX

LEI: 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

665

Origination Dollar Volume (All Markets)

$167,405,000

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
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%
212 Loans's top markets include Houston, Tampa, Phoenix, Denver, and San Antonio among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • 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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 303 $85,495,000 $282,162 $0 11.92%
    $100k-200k 212 $34,120,000 $160,943 $0 11.71%
    $400k-600k 70 $32,020,000 $457,429 $0 12.06%
    $100,000 or less 64 $3,760,000 $58,750 $0 11.83%
    $600k-1MM 15 $10,955,000 $730,333 $0 12.50%
    $1MM+ 1 $1,055,000 $1,055,000 $0 11.99%

    2023 saw 212 Loans place emphasis on $200k-400k loans with 303 originations, totaling $85,495,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 75 $17,105,000 $228,067 $0 11.61%
    $100k-150k 49 $11,245,000 $229,490 $0 11.72%
    $250k+ 38 $9,440,000 $248,421 $0 11.74%
    $75k-100k 22 $4,990,000 $226,818 $0 11.90%
    $50k-75k 13 $2,815,000 $216,538 $0 11.84%
    $50k or less 4 $930,000 $232,500 $0 11.99%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 461 $120,245,000 $260,835 $0 11.95%
    White 160 $36,810,000 $230,063 $0 11.70%
    Asian Indian 19 $4,435,000 $233,421 $0 11.44%
    Vietnamese 5 $1,595,000 $319,000 $0 11.99%
    Asian 7 $1,585,000 $226,429 $0 11.99%
    Black 7 $1,405,000 $200,714 $0 11.99%
    Not provided 3 $755,000 $251,667 $0 11.99%
    Japanese 1 $315,000 $315,000 $0 11.99%
    Other Asian 1 $155,000 $155,000 $0 10.99%
    Chinese 1 $105,000 $105,000 $0 11.99%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    90.23%

    212 Loans has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 665 $167,405,000 $251,737

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    665 $167,405,000 $251,737