Simple Hard Money Mortgage Rates, Fees & Info
SYRACUSE, UTLEI: 254900F6LP1F751HFC64
Tax ID: 45-3959352
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Mortgage Data
Review & Overview
Simple Hard Money is a smaller mortgage company specializing in NA loans. Simple Hard Money has a high proportion of conventional loans. Their top markets by origination volume include: Ogden, Salt Lake City, St. George, Provo, and Vernal among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Simple Hard Money has an above average approval rate when compared to the average across all lenders.
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Originations
44Origination Dollar Volume (All Markets)
$5,550,000Top 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 |
|---|---|---|---|---|---|
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 24 | $3,190,000 | $132,917 | $0 | 11.91% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 13 | $1,685,000 | $129,615 | $0 | 12.00% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 12.00% |
| PROVO-OREM, UT (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 12.00% |
| Vernal, UT (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 12.00% |
| Price, UT (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 11.00% |
| Outside of Metro Areas | 1 | $75,000 | $75,000 | $0 | 12.00% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 12.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 44 | $5,550,000 | $126,136 | $0 | 11.93% |
For 2018, Simple Hard Money's most frequently originated type of loan was Conventional, with 44 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| NA | 44 | $5,550,000 | $126,136 | $0 | 11.93% |
For 2018, Simple Hard Money's most frequently cited loan purpose was NA, with 44 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 44 | $5,550,000 | $126,136 | $0 | 11.93% |
For 2018, Simple Hard Money's most frequently cited loan duration was Other, with 44 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 42 | $5,330,000 | $126,905 |
During 2018, Simple Hard Money's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 42 originations.
Loan Sizing
2018 saw Simple Hard Money place emphasis on $100k-200k loans with 26 originations, totaling $3,590,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Simple Hard Money 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 | 44 | $5,550,000 | $126,136 |