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 NA loans. 212 Loans has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Phoenix, Denver, Atlanta, and Dallas among others. We have data for 14 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

433

Origination Dollar Volume (All Markets)

$81,325,000

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) 98 $15,600,000 $159,184 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 65 $13,155,000 $202,385 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 37 $11,805,000 $319,054 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 54 $11,550,000 $213,889 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 72 $10,810,000 $150,139 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 30 $5,840,000 $194,667 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 29 $4,415,000 $152,241 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 23 $4,355,000 $189,348 $0 0.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 19 $2,075,000 $109,211 $0 0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $600,000 $300,000 $0 0.00%
BOULDER, CO (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
212 Loans's top markets include Houston, Phoenix, Denver, Atlanta, and Dallas among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 433 $81,325,000 $187,818 $0 0.00%

    For 2018, 212 Loans's most frequently originated type of loan was Conventional, with 433 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    NA 433 $81,325,000 $187,818 $0 0.00%

    For 2018, 212 Loans's most frequently cited loan purpose was NA, with 433 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 433 $81,325,000 $187,818 $0 0.00%

    For 2018, 212 Loans's most frequently cited loan duration was Other, with 433 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 200 $29,260,000 $146,300 $0 0.00%
    $200k-400k 136 $38,080,000 $280,000 $0 0.00%
    $100,000 or less 81 $6,115,000 $75,494 $0 0.00%
    $400k-600k 14 $6,480,000 $462,857 $0 0.00%
    $600k-1MM 2 $1,390,000 $695,000 $0 0.00%

    2018 saw 212 Loans place emphasis on $100k-200k loans with 200 originations, totaling $29,260,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 127 $24,815,000 $195,394 $0 0.00%
    $100k-150k 115 $20,245,000 $176,043 $0 0.00%
    $250k+ 78 $17,420,000 $223,333 $0 0.00%
    $50k-75k 48 $8,080,000 $168,333 $0 0.00%
    $75k-100k 46 $8,140,000 $176,957 $0 0.00%
    $50k or less 18 $2,510,000 $139,444 $0 0.00%

    212 Loans lent most frequently to those with incomes in the $150k-250k range, with 127 originations. The second most popular income band? $100k-150k, with 115 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 376 $68,480,000 $182,128 $0 0.00%
    White 44 $10,630,000 $241,591 $0 0.00%
    Black 7 $1,305,000 $186,429 $0 0.00%
    Asian 3 $605,000 $201,667 $0 0.00%
    Native Hawaiian or Islander 2 $190,000 $95,000 $0 0.00%
    American Indian 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.66%

    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
    98.15%

    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 433 $81,325,000 $187,818

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 433 $81,325,000 $187,818