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, Denver, Phoenix, and Dallas among others. We have data for 16 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
400Origination Dollar Volume (All Markets)
$97,590,000Top 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) | 88 | $19,050,000 | $216,477 | $0 | 9.90% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 76 | $15,690,000 | $206,447 | $0 | 10.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 34 | $14,430,000 | $424,412 | $0 | 13.06% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 36 | $10,430,000 | $289,722 | $0 | 10.02% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 35 | $8,085,000 | $231,000 | $0 | 10.45% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 20 | $7,410,000 | $370,500 | $0 | 9.99% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 34 | $5,850,000 | $172,059 | $0 | 9.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 29 | $5,115,000 | $176,379 | $0 | 10.78% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 17 | $3,935,000 | $231,471 | $0 | 9.81% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 10 | $2,150,000 | $215,000 | $0 | 10.19% |
| FORT COLLINS, CO (FHA|USDA|VA) | 4 | $1,990,000 | $497,500 | $0 | 12.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 11 | $1,915,000 | $174,091 | $0 | 10.26% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $0 | 14.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 10.99% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 9.99% |
| Outside of Metro Areas | 1 | $175,000 | $175,000 | $0 | 9.99% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 400 | $97,590,000 | $243,975 | $0 | 10.51% |
For 2021, 212 Loans's most frequently originated type of loan was Conventional, with 400 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 400 | $97,590,000 | $243,975 | $0 | 10.51% |
For 2021, 212 Loans's most frequently cited loan purpose was Home Purchase, with 400 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 398 | $96,660,000 | $242,864 | $0 | 10.52% |
| 1 Year | 2 | $930,000 | $465,000 | $0 | 10.00% |
For 2021, 212 Loans's most frequently cited loan duration was Other, with 398 originations. The 2nd most popular length was 1 Year, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 373 | $91,665,000 | $245,751 |
| 6-7% | 22 | $4,410,000 | $200,455 |
| 7-8% | 5 | $1,515,000 | $303,000 |
During 2021, 212 Loans's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 373 originations.
Loan Sizing
2021 saw 212 Loans place emphasis on $200k-400k loans with 169 originations, totaling $48,265,000 in origination value.
Applicant Income
212 Loans lent most frequently to those with incomes in the $250k+ range, with 13 originations. The second most popular income band? $100k-150k, with 8 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 | 400 | $97,590,000 | $243,975 |