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, Denver, Tampa, San Antonio, and Dallas among others. We have data for 15 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.

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Originations

459

Origination Dollar Volume (All Markets)

$92,695,000

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) 195 $33,895,000 $173,821 $0 10.06%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 36 $13,220,000 $367,222 $0 11.22%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 44 $9,590,000 $217,955 $0 10.98%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 47 $6,865,000 $146,064 $0 9.78%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 36 $6,730,000 $186,944 $0 10.41%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 30 $6,110,000 $203,667 $0 10.52%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 28 $5,590,000 $199,643 $0 45.95%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 17 $4,795,000 $282,059 $0 10.26%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 12 $2,490,000 $207,500 $0 10.33%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 7 $1,615,000 $230,714 $0 10.85%
BOULDER, CO (FHA|USDA|VA) 3 $1,145,000 $381,667 $0 12.00%
FORT COLLINS, CO (FHA|USDA|VA) 1 $325,000 $325,000 $0 12.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 10.99%
ABILENE, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 9.99%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 12.99%
212 Loans's top markets include Houston, Denver, Tampa, San Antonio, and Dallas among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 459 $92,695,000 $201,950 $0 12.51%

    For 2020, 212 Loans's most frequently originated type of loan was Conventional, with 459 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 459 $92,695,000 $201,950 $0 12.51%

    For 2020, 212 Loans's most frequently cited loan purpose was Home Purchase, with 459 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 458 $92,290,000 $201,507 $0 12.51%
    1 Year 1 $405,000 $405,000 $0 9.99%

    For 2020, 212 Loans's most frequently cited loan duration was Other, with 458 originations. The 2nd most popular length was 1 Year, with 1 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 426 $88,200,000 $207,042
    6-7% 32 $4,320,000 $135,000
    7-8% 1 $175,000 $175,000

    During 2020, 212 Loans's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 426 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 233 $33,995,000 $145,901 $0 10.02%
    $200k-400k 145 $39,485,000 $272,310 $0 17.45%
    $100,000 or less 50 $3,840,000 $76,800 $0 10.83%
    $400k-600k 28 $13,400,000 $478,571 $0 10.78%
    $600k-1MM 3 $1,975,000 $658,333 $0 10.66%

    2020 saw 212 Loans place emphasis on $100k-200k loans with 233 originations, totaling $33,995,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 43 $6,525,000 $151,744 $0 9.48%
    $50k-75k 31 $5,965,000 $192,419 $0 9.93%
    $150k-250k 28 $3,870,000 $138,214 $0 9.67%
    $75k-100k 28 $4,680,000 $167,143 $0 10.28%
    $250k+ 23 $4,155,000 $180,652 $0 10.51%
    $50k or less 15 $2,115,000 $141,000 $0 9.59%

    212 Loans lent most frequently to those with incomes in the $100k-150k range, with 43 originations. The second most popular income band? $50k-75k, with 31 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 291 $65,385,000 $224,691 $0 14.03%
    White 88 $15,330,000 $174,205 $0 10.26%
    Not provided 53 $7,835,000 $147,830 $0 9.20%
    American Indian 11 $1,925,000 $175,000 $0 9.45%
    Black 12 $1,470,000 $122,500 $0 10.41%
    Asian 2 $470,000 $235,000 $0 11.49%
    Guamanian 1 $145,000 $145,000 $0 9.99%
    Asian Indian 1 $135,000 $135,000 $0 6.99%

    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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 459 $92,695,000 $201,950

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 459 $92,695,000 $201,950