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 Refi and Cash Out Refi loans. The Loan Store has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, San Francisco, San Jose, Los Angeles, and Phoenix among others. We have data for 98 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 a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.62% | 4/18/24 |
| 30 Year Conventional Refi | 6.44% | 4/18/24 |
| 30 Year Cash-out Refi | 6.64% | 4/18/24 |
| 30 Year FHA Purchase | 6.27% | 4/18/24 |
| 30 Year VA Purchase | 6.43% | 4/18/24 |
| 30 Year VA Refi | 6.27% | 4/18/24 |
| 15 Year Conventional Purchase | 5.87% | 4/18/24 |
| 15 Year Conventional Refi | 5.66% | 4/18/24 |
| 15 Year Cash-out Refi | 5.66% | 4/18/24 |
| 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. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
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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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) | 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% |
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 | 2,308 | $918,220,000 | $397,842 | $3,922 | 2.69% |
For 2021, The Loan Store's most frequently originated type of loan was Conventional, with 2,308 originations.
Loan Reason
For 2021, The Loan Store's most frequently cited loan purpose was Refi, with 1,570 originations. The 2nd most popular reason was Cash Out Refi, with 452 originations.
Loan Duration/Length
For 2021, The Loan Store's most frequently cited loan duration was 30 Year, with 1,528 originations. The 2nd most popular length was 15 Year, with 683 originations.
Origination Fees/Closing Costs
The Loan Store's average total fees were $4,102, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.91%, while their most frequently originated rate bucket for loans was 2.5-3%, with 990 originations.
Loan Sizing
2021 saw The Loan Store place emphasis on $200k-400k loans with 1,045 originations, totaling $324,415,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications98.68%
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 origination61.01%
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 |