The Loan Store Mortgage Rates, Fees & Info
CAMDEN, DELEI: 254900DTLHVWQ7NP7R34
Tax ID: 46-3676810
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
The Loan Store is a smaller mortgage company specializing in Refi and Cash Out Refi loans. The Loan Store has a high proportion of conventional loans. Their top markets include Seattle, San Francisco, San Jose, Los Angeles, and Phoenix among others. The Loan Store has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. The Loan Store is typically an average fee lendor.Originations
2,308Origination Dollar Volume (All Markets)
$918,220,000Awards
The Loan Store - 2021
The Loan Store is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
The Loan Store 's average 30 year fixed rate mortgage of loans were
2.91%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.24%.
Relative Fees
The Loan Store 's average total fees for a 30 year fixed rate
mortgage are $4,102.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 404 | $174,230,000 | $431,262 | $3,773 | 2.72% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 313 | $154,145,000 | $492,476 | $3,480 | 2.62% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 208 | $103,290,000 | $496,587 | $3,160 | 2.55% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 186 | $83,340,000 | $448,065 | $4,839 | 2.77% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 131 | $41,795,000 | $319,046 | $3,510 | 2.73% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 110 | $36,080,000 | $328,000 | $3,534 | 2.73% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 72 | $34,700,000 | $481,944 | $4,426 | 2.67% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 83 | $28,565,000 | $344,157 | $6,037 | 2.40% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 64 | $22,610,000 | $353,281 | $3,114 | 2.79% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 61 | $20,305,000 | $332,869 | $3,856 | 2.65% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 59 | $19,995,000 | $338,898 | $4,284 | 2.65% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 56 | $18,830,000 | $336,250 | $4,826 | 2.93% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 57 | $14,695,000 | $257,807 | $4,380 | 2.53% |
| STOCKTON, CA (FHA|USDA|VA) | 36 | $13,950,000 | $387,500 | $3,516 | 2.89% |
| PROVO-OREM, UT (FHA|USDA|VA) | 40 | $12,910,000 | $322,750 | $3,676 | 2.71% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 48 | $12,110,000 | $252,292 | $2,766 | 2.73% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 36 | $11,750,000 | $326,389 | $3,851 | 2.65% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 21 | $9,355,000 | $445,476 | $4,706 | 2.66% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 23 | $7,835,000 | $340,652 | $5,555 | 2.47% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 22 | $7,780,000 | $353,636 | $4,090 | 2.57% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 15 | $6,835,000 | $455,667 | $4,446 | 2.81% |
| Outside of Metro Areas | 18 | $6,040,000 | $335,556 | $4,629 | 2.77% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 15 | $4,985,000 | $332,333 | $6,412 | 2.80% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 10 | $4,830,000 | $483,000 | $4,508 | 2.66% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 10 | $4,060,000 | $406,000 | $4,504 | 2.95% |
| TUCSON, AZ (FHA|USDA|VA) | 10 | $3,190,000 | $319,000 | $3,268 | 3.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 11 | $3,105,000 | $282,273 | $3,225 | 2.80% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 11 | $2,825,000 | $256,818 | $3,401 | 3.09% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 6 | $2,530,000 | $421,667 | $3,912 | 2.65% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 7 | $2,245,000 | $320,714 | $3,871 | 2.84% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $2,155,000 | $307,857 | $4,403 | 2.68% |
| Breckenridge, CO (FHA|USDA|VA) | 3 | $1,915,000 | $638,333 | $4,694 | 2.67% |
| VALLEJO, CA (FHA|USDA|VA) | 5 | $1,875,000 | $375,000 | $3,060 | 2.93% |
| MERCED, CA (FHA|USDA|VA) | 7 | $1,815,000 | $259,286 | $3,692 | 3.25% |
| Oak Harbor, WA (FHA|USDA|VA) | 4 | $1,770,000 | $442,500 | $3,134 | 2.75% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 4 | $1,750,000 | $437,500 | $3,621 | 2.63% |
| ST. GEORGE, UT (FHA|USDA|VA) | 6 | $1,690,000 | $281,667 | $2,600 | 2.88% |
| BOULDER, CO (FHA|USDA|VA) | 4 | $1,510,000 | $377,500 | $2,335 | 2.94% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 4 | $1,510,000 | $377,500 | $4,080 | 2.75% |
| BELLINGHAM, WA (FHA|USDA|VA) | 4 | $1,490,000 | $372,500 | $5,216 | 2.44% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 6 | $1,480,000 | $246,667 | $6,022 | 2.46% |
| NAPA, CA (FHA|USDA|VA) | 3 | $1,405,000 | $468,333 | $2,483 | 2.46% |
| Heber, UT (FHA|USDA|VA) | 5 | $1,395,000 | $279,000 | $2,470 | 2.58% |
| FRESNO, CA (FHA|USDA|VA) | 5 | $1,205,000 | $241,000 | $2,844 | 2.75% |
| FORT COLLINS, CO (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $4,783 | 2.38% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $5,369 | 2.69% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $3,766 | 2.75% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $2,302 | 2.92% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $3,347 | 2.75% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $6,285 | 2.67% |
| Ukiah, CA (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $6,831 | 2.63% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $2,904 | 2.38% |
| YAKIMA, WA (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $2,685 | 2.92% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $8,961 | 3.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $3,262 | 3.04% |
| Edwards, CO (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $5,728 | 2.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $3,180 | 2.29% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $3,598 | 3.31% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $2,259 | 2.50% |
| Shelton, WA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $4,400 | 2.94% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $7,112 | 2.31% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $7,691 | 2.38% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,723 | 3.31% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $7,813 | 2.38% |
| Cedar City, UT (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $2,237 | 2.56% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,787 | 2.56% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,449 | 2.50% |
| YUMA, AZ (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $2,493 | 3.13% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,864 | 2.50% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $8,684 | 2.75% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $2,579 | 2.25% |
| GREENVILLE, NC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,799 | 3.13% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,367 | 3.25% |
| REDDING, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,456 | 2.88% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,988 | 2.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $8,850 | 2.50% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,701 | 2.75% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,129 | 2.63% |
| Show Low, AZ (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,675 | 2.81% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,648 | 2.88% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,129 | 2.63% |
| Pullman, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,295 | 2.88% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,819 | 2.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,832 | 2.75% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,426 | 2.25% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,773 | 2.75% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,240 | 3.38% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,547 | 2.25% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,919 | 3.00% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,709 | 2.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,425 | 3.25% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,615 | 3.75% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,090 | 3.00% |
| Safford, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,667 | 2.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,541 | 2.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,238 | 2.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,560 | 3.00% |
| Uvalde, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,847 | 2.88% |
The Loan Store 's top markets include Seattle, San Francisco, San Jose, Los Angeles, and Phoenix among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 2,308 | $918,220,000 | $397,842 | $3,922 | 2.69% |
For the 2021 period, The Loan Store 's most frequently originated loan type of loans were Conventional, with 2,308 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 1,570 | $614,420,000 | $391,350 | $3,592 | 2.59% |
| Cash Out Refi | 452 | $184,050,000 | $407,190 | $3,979 | 2.87% |
| Home Purchase | 286 | $119,750,000 | $418,706 | $5,654 | 2.93% |
For the 2021, The Loan Store 's most frequently cited loan purpose of loans were Refi, with 1,570 originations. The 2nd most popular reason of loans were Cash Out Refi, with 452 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,528 | $634,270,000 | $415,098 | $4,102 | 2.91% |
| 15 Year | 683 | $252,775,000 | $370,095 | $3,563 | 2.22% |
| 20 Year | 47 | $17,285,000 | $367,766 | $3,952 | 2.50% |
| 10 Year | 32 | $7,330,000 | $229,063 | $3,209 | 2.19% |
| Other | 18 | $6,560,000 | $364,444 | $3,470 | 2.82% |
For the 2021, The Loan Store 's most frequently cited loan length of loans were 30 Year, with 1,528 originations. The 2nd most popular length of loans were 15 Year, with 683 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 1,602 | $637,070,000 | $397,672 |
| $3k-4k | 345 | $127,785,000 | $370,391 |
| $5k+ | 209 | $101,865,000 | $487,392 |
| $2k-3k | 140 | $48,520,000 | $346,571 |
| $<1k | 12 | $2,980,000 | $248,333 |
$4,102 of loans were The Loan Store 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,602 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 990 | $409,260,000 | $413,394 |
| <2.5% | 904 | $351,060,000 | $388,341 |
| 3-4% | 401 | $153,375,000 | $382,481 |
| 4-5% | 13 | $4,525,000 | $348,077 |
During 2021, The Loan Store 's average interest rate of loans were 2.91%, while their most frequently originated rate bucket of loans were 2.5-3%, with 990 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 1,045 | $324,415,000 | $310,445 | $3,692 | 2.69% |
| $400k-600k | 821 | $400,585,000 | $487,923 | $4,072 | 2.65% |
| $600k-1MM | 216 | $153,490,000 | $710,602 | $5,268 | 2.75% |
| $100k-200k | 214 | $34,810,000 | $162,664 | $3,080 | 2.72% |
| $100,000 or less | 8 | $680,000 | $85,000 | $3,046 | 2.77% |
| $1MM+ | 4 | $4,240,000 | $1,060,000 | $7,390 | 3.34% |
2021 saw The Loan Store place emphasis on $200k-400k loans with 1,045 originations, totaling $324,415,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 791 | $349,495,000 | $441,839 | $3,909 | 2.64% |
| $100k-150k | 708 | $273,510,000 | $386,314 | $4,048 | 2.66% |
| $250k+ | 306 | $147,140,000 | $480,850 | $4,118 | 2.71% |
| $75k-100k | 256 | $85,530,000 | $334,102 | $3,681 | 2.75% |
| $50k-75k | 177 | $48,505,000 | $274,040 | $3,692 | 2.81% |
| $50k or less | 70 | $14,040,000 | $200,571 | $3,398 | 2.86% |
The Loan Store lent most frequently to those with incomes in the $150k-250k range, with 791 originations. The second most popular income band? $100k-150k, with 708 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 580 | $231,750,000 | $399,569 | $3,854 | 2.56% |
| 30-36% | 469 | $188,385,000 | $401,674 | $3,832 | 2.65% |
| <20% | 187 | $67,385,000 | $360,348 | $3,270 | 2.49% |
| 43% | 87 | $32,735,000 | $376,264 | $4,293 | 2.88% |
| 45% | 85 | $31,235,000 | $367,471 | $4,032 | 2.83% |
| 46% | 84 | $33,370,000 | $397,262 | $3,866 | 2.80% |
| 49% | 81 | $34,425,000 | $425,000 | $4,546 | 2.89% |
| 38% | 79 | $33,625,000 | $425,633 | $4,120 | 2.74% |
| 39% | 78 | $30,630,000 | $392,692 | $3,883 | 2.78% |
| 36% | 77 | $30,135,000 | $391,364 | $3,882 | 2.61% |
| 37% | 76 | $31,790,000 | $418,289 | $3,935 | 2.74% |
| 42% | 75 | $28,445,000 | $379,267 | $3,974 | 2.94% |
| 44% | 72 | $28,750,000 | $399,306 | $4,200 | 2.77% |
| 41% | 71 | $30,105,000 | $424,014 | $4,096 | 2.78% |
| 40% | 69 | $27,555,000 | $399,348 | $3,968 | 2.80% |
| 47% | 66 | $26,570,000 | $402,576 | $4,199 | 2.78% |
| 48% | 63 | $26,975,000 | $428,175 | $4,637 | 2.89% |
| 50-60% | 8 | $3,840,000 | $480,000 | $4,454 | 2.58% |
| >60% | 1 | $515,000 | $515,000 | $2,847 | 2.75% |
The Loan Store lent most frequently to those with DTI ratios of 20-30%, with 580 originations. The next most common DTI ratio? 30-36%, with 469 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Asian | 1,110 | $461,570,000 | $415,829 | $3,701 | 2.65% |
| White | 729 | $275,005,000 | $377,236 | $4,198 | 2.73% |
| Not provided | 420 | $164,350,000 | $391,310 | $4,009 | 2.69% |
| Black | 20 | $7,280,000 | $364,000 | $4,672 | 2.78% |
| American Indian | 14 | $4,200,000 | $300,000 | $3,480 | 2.82% |
| Asian Indian | 7 | $2,745,000 | $392,143 | $4,560 | 2.55% |
| Native Hawaiian | 4 | $1,190,000 | $297,500 | $3,809 | 2.72% |
| Chinese | 2 | $1,020,000 | $510,000 | $3,352 | 2.56% |
| Filipino | 1 | $465,000 | $465,000 | $2,330 | 3.25% |
| Vietnamese | 1 | $395,000 | $395,000 | $2,437 | 2.88% |
Approval Rates
Total approvals of all applications96.31%
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 origination58.39%
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 | 2,308 | $918,220,000 | $397,842 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,308 | $918,220,000 | $397,842 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 341 | $110,195,000 | $323,152 | $3,336 | 2.54% |
| 40-60% | 951 | $386,175,000 | $406,073 | $3,542 | 2.62% |
| 60-80% | 877 | $366,585,000 | $417,999 | $4,325 | 2.80% |
| 80-100% | 115 | $47,935,000 | $416,826 | $5,739 | 2.90% |
| Under 20% | 24 | $7,330,000 | $305,417 | $3,858 | 2.45% |
