The Loan Store Mortgage Rates, Fees & Info

CAMDEN, DE

LEI: 254900DTLHVWQ7NP7R34

Tax ID: 46-3676810

5 stars - out of 5 stars, based on 48 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

2,308

Origination Dollar Volume (All Markets)

$918,220,000
Show all (19) awards

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 applications
96.31%

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 origination
58.39%

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%