The Loan Store Mortgage Rates, Fees & Info
CAMDEN, DELEI: 254900DTLHVWQ7NP7R34
Tax ID: 46-3676810
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Mortgage Data
Review & Overview
The Loan Store is a smaller mortgage company specializing in Home Purchase loans. The Loan Store has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, San Francisco, Tucson, Los Angeles, and Phoenix among others. We have data for 60 markets. (Some data included below & more in-depth data is available with an active subscription.)The Loan Store has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. The Loan Store is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.62% | 9/25/23 |
| 30 Year Conventional Refi | 6.44% | 9/25/23 |
| 30 Year Cash-out Refi | 6.64% | 9/25/23 |
| 30 Year FHA Purchase | 6.27% | 9/25/23 |
| 30 Year VA Purchase | 6.43% | 9/25/23 |
| 30 Year VA Refi | 6.27% | 9/25/23 |
| 15 Year Conventional Purchase | 5.87% | 9/25/23 |
| 15 Year Conventional Refi | 5.66% | 9/25/23 |
| 15 Year Cash-out Refi | 5.66% | 9/25/23 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
The Loan Store Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
159Origination Dollar Volume (All Markets)
$64,195,000Awards
The Loan Store - 2022
The Loan Store is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
The Loan Store's average 30 year fixed mortgage rate was
4.63%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.14%.
Relative Fees (Closing Costs)
The Loan Store's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,899.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 11 | $7,635,000 | $694,091 | $8,290 | 4.10% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 8 | $5,680,000 | $710,000 | $8,139 | 3.88% |
| TUCSON, AZ (FHA|USDA|VA) | 13 | $4,685,000 | $360,385 | $5,873 | 4.32% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 6 | $4,640,000 | $773,333 | $7,106 | 3.77% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 8 | $3,640,000 | $455,000 | $7,864 | 5.53% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 9 | $3,395,000 | $377,222 | $7,756 | 4.78% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 8 | $2,490,000 | $311,250 | $7,128 | 3.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $2,255,000 | $322,143 | $5,556 | 3.98% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $1,860,000 | $465,000 | $4,865 | 4.56% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4 | $1,760,000 | $440,000 | $6,187 | 5.34% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,715,000 | $571,667 | $11,003 | 4.08% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 5 | $1,605,000 | $321,000 | $7,054 | 5.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $1,430,000 | $357,500 | $12,770 | 5.16% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $9,119 | 3.46% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $4,418 | 4.75% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $3,727 | 4.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $7,115 | 4.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $7,558 | 4.38% |
| PROVO-OREM, UT (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $4,512 | 4.08% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $5,747 | 6.06% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $16,794 | 5.00% |
| Hood River, OR (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $4,107 | 5.13% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $12,386 | 4.63% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $6,482 | 4.31% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $2,487 | 3.78% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $5,770 | 3.79% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $4,498 | 5.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $6,309 | 5.31% |
| MONROE, MI (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $4,526 | 4.75% |
| BEND, OR (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $9,538 | 3.25% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,428 | 3.25% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $5,016 | 4.75% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,597 | 5.38% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,464 | 4.44% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $6,956 | 2.88% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $7,482 | 3.38% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $14,712 | 3.88% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,079 | 3.88% |
| Outside of Metro Areas | 2 | $380,000 | $190,000 | $4,010 | 2.75% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,841 | 3.50% |
| WICHITA, KS (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,196 | 6.69% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,300 | 4.63% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,216 | 3.75% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,118 | 5.38% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,449 | 5.88% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,569 | 3.88% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $12,097 | 9.38% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,720 | 6.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,266 | 5.13% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,757 | 5.88% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,715 | 6.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,680 | 6.25% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,576 | 3.38% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,233 | 3.00% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,543 | 3.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,127 | 6.63% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,202 | 6.50% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,400 | 2.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,934 | 3.25% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $6,185 | 5.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against The Loan Store based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 158 | $63,790,000 | $403,734 | $6,599 | 4.48% |
| VA | 1 | $405,000 | $405,000 | $17,920 | 6.50% |
For 2022, The Loan Store's most frequently originated type of loan was Conventional, with 158 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2022, The Loan Store's most frequently cited loan purpose was Home Purchase, with 102 originations. The 2nd most popular reason was Cash Out Refi, with 35 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 140 | $58,860,000 | $420,429 | $6,899 | 4.63% |
| 15 Year | 19 | $5,335,000 | $280,789 | $5,026 | 3.50% |
For 2022, The Loan Store's most frequently cited loan duration was 30 Year, with 140 originations. The 2nd most popular length was 15 Year, with 19 originations.
Origination Fees/Closing Costs
The Loan Store's average total fees were $6,899, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 57 originations.
Interest Rates
During 2022, The Loan Store's average interest rate for loans was 4.63%, while their most frequently originated rate bucket for loans was 3-4%, with 60 originations.
Loan Sizing
2022 saw The Loan Store place emphasis on $200k-400k loans with 61 originations, totaling $17,555,000 in origination value.
Applicant Income
The Loan Store lent most frequently to those with incomes in the $150k-250k range, with 42 originations. The second most popular income band? $100k-150k, with 37 originations.
Applicant Debt to Income Ratio
The Loan Store lent most frequently to those with DTI ratios of 20-30%, with 31 originations. The next most common DTI ratio? 30-36%, with 22 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.75%
The Loan Store 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-174.84%
The Loan Store has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 159 | $64,195,000 | $403,742 |