Ml Mortgage Corp. Rates, Fees & Info
Rancho Cucamonga, CALEI: 254900JH11ROOV921P96
Tax ID: 20-8922230
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Mortgage Data
Review & Overview
Ml Mortgage Corp. is a smaller mortgage company specializing in Refi and Home Purchase loans. Ml Mortgage Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Riverside, Los Angeles, Las Vegas, San Diego, and Phoenix among others. We have data for 37 markets. (Some data included below & more in-depth data is available with an active subscription.)Ml Mortgage Corp. has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Ml Mortgage Corp. 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.00% | 4/21/24 |
| 30 Year Conventional Refi | 6.72% | 4/21/24 |
| 30 Year Cash-out Refi | 6.90% | 4/21/24 |
| 30 Year FHA Purchase | 7.39% | 4/21/24 |
| 30 Year FHA Refi | 7.22% | 4/21/24 |
| 30 Year VA Purchase | 6.64% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 30 Year USDA Purchase | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 6.31% | 4/21/24 |
| 15 Year Conventional Refi | 6.24% | 4/21/24 |
| 15 Year Cash-out Refi | 6.24% | 4/21/24 |
| 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. | ||
Ml Mortgage Corp. Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,520Origination Dollar Volume (All Markets)
$523,530,000Awards
ML Mortgage Corp. - 2020
ML Mortgage Corp. is a 2020 , due to their low .
For 2020, 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 |
|---|---|---|---|---|---|
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 843 | $275,915,000 | $327,301 | $7,212 | 3.20% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 364 | $159,560,000 | $438,352 | $7,833 | 3.19% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 119 | $29,385,000 | $246,933 | $6,085 | 2.88% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 22 | $9,580,000 | $435,455 | $9,816 | 2.97% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 33 | $7,725,000 | $234,091 | $5,427 | 3.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 31 | $6,925,000 | $223,387 | $7,429 | 3.04% |
| VALLEJO, CA (FHA|USDA|VA) | 14 | $4,790,000 | $342,143 | $6,749 | 3.11% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 14 | $3,420,000 | $244,286 | $8,702 | 3.25% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 6 | $2,920,000 | $486,667 | $6,178 | 3.27% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 6 | $2,720,000 | $453,333 | $6,193 | 3.25% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 7 | $2,545,000 | $363,571 | $4,835 | 3.11% |
| NAPA, CA (FHA|USDA|VA) | 3 | $1,745,000 | $581,667 | $8,528 | 3.00% |
| FRESNO, CA (FHA|USDA|VA) | 6 | $1,510,000 | $251,667 | $5,711 | 3.04% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,500,000 | $750,000 | $8,324 | 2.81% |
| STOCKTON, CA (FHA|USDA|VA) | 4 | $1,320,000 | $330,000 | $7,949 | 2.84% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $1,190,000 | $198,333 | $7,354 | 3.15% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $1,150,000 | $287,500 | $6,354 | 3.09% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $4,003 | 2.63% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $7,500 | 3.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $5,160 | 3.31% |
| Pahrump, NV (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $8,262 | 3.17% |
| RENO, NV (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $4,074 | 3.25% |
| EL CENTRO, CA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $5,549 | 3.13% |
| Outside of Metro Areas | 2 | $580,000 | $290,000 | $7,548 | 3.06% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $4,112 | 2.75% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,327 | 3.50% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,891 | 3.63% |
| YUMA, AZ (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $6,041 | 3.13% |
| Fernley, NV (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,484 | 3.06% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,720 | 2.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,586 | 2.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,670 | 2.75% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,284 | 3.13% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,002 | 2.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,773 | 2.50% |
| MADERA, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,134 | 2.63% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,495 | 3.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against ML Mortgage Corp. 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
For 2020, Ml Mortgage Corp.'s most frequently originated type of loan was Conventional, with 1,081 originations. Their 2nd most popular type was FHA, with 377 originations.
Loan Reason
For 2020, Ml Mortgage Corp.'s most frequently cited loan purpose was Refi, with 731 originations. The 2nd most popular reason was Home Purchase, with 505 originations.
Loan Duration/Length
For 2020, Ml Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 1,394 originations. The 2nd most popular length was 15 Year, with 71 originations.
Origination Fees/Closing Costs
Ml Mortgage Corp.'s average total fees were $7,463, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 616 originations.
Interest Rates
During 2020, Ml Mortgage Corp.'s average interest rate for loans was 3.19%, while their most frequently originated rate bucket for loans was 3-4%, with 683 originations.
Loan Sizing
2020 saw Ml Mortgage Corp. place emphasis on $200k-400k loans with 818 originations, totaling $244,820,000 in origination value.
Applicant Income
Ml Mortgage Corp. lent most frequently to those with incomes in the $100k-150k range, with 376 originations. The second most popular income band? $75k-100k, with 319 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.04%
Ml Mortgage Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination98.42%
Ml Mortgage Corp. has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,520 | $523,530,000 | $344,428 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 15 | $3,475,000 | $231,667 |
| Single Family (1-4 Units):Site-Built | 1,505 | $520,055,000 | $345,551 |