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, 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
459Origination Dollar Volume (All Markets)
$92,695,000Top 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) | 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% |
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
2020 saw 212 Loans place emphasis on $100k-200k loans with 233 originations, totaling $33,995,000 in origination value.
Applicant Income
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
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 459 | $92,695,000 | $201,950 |