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 Home Purchase, Refi, and Cash Out Refi loans. Ml Mortgage Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Riverside, Los Angeles, Las Vegas, San Diego, and Phoenix among others. We have data for 48 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 a below 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
1,557Origination Dollar Volume (All Markets)
$562,315,000Awards
ML Mortgage Corp. - 2021
ML Mortgage Corp. 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 |
|---|---|---|---|---|---|
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 770 | $279,590,000 | $363,104 | $7,573 | 3.05% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 271 | $124,855,000 | $460,720 | $8,314 | 3.05% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 180 | $49,620,000 | $275,667 | $6,151 | 3.19% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 68 | $28,820,000 | $423,824 | $7,265 | 2.71% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 79 | $21,385,000 | $270,696 | $6,341 | 3.32% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 30 | $7,690,000 | $256,333 | $7,114 | 3.15% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 17 | $6,085,000 | $357,941 | $8,088 | 3.35% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 14 | $4,560,000 | $325,714 | $5,519 | 3.24% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 9 | $4,295,000 | $477,222 | $8,991 | 2.92% |
| VALLEJO, CA (FHA|USDA|VA) | 8 | $3,290,000 | $411,250 | $9,960 | 3.06% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 12 | $3,260,000 | $271,667 | $8,440 | 3.20% |
| NAPA, CA (FHA|USDA|VA) | 7 | $2,955,000 | $422,143 | $7,857 | 2.88% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $2,700,000 | $675,000 | $7,691 | 3.31% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $2,545,000 | $363,571 | $7,209 | 3.07% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 18 | $2,380,000 | $132,222 | $4,176 | 3.57% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 7 | $2,195,000 | $313,571 | $5,733 | 3.75% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $1,400,000 | $350,000 | $5,756 | 2.91% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $6,921 | 3.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $8,776 | 3.46% |
| STOCKTON, CA (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $5,309 | 3.44% |
| Outside of Metro Areas | 4 | $910,000 | $227,500 | $5,895 | 3.28% |
| RENO, NV (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $7,153 | 3.81% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $10,635 | 3.81% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $9,021 | 3.13% |
| EL CENTRO, CA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,527 | 2.69% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $3,763 | 3.19% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $7,504 | 2.88% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $6,770 | 2.88% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $9,940 | 3.38% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $4,734 | 3.38% |
| Nogales, AZ (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,035 | 3.31% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $5,133 | 3.38% |
| Centralia, WA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,545 | 2.75% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $9,861 | 3.25% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,741 | 3.38% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $4,560 | 2.88% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,139 | 2.75% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $9,136 | 2.88% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,439 | 2.50% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,211 | 3.00% |
| MADERA, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,892 | 3.13% |
| Sonora, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,340 | 2.88% |
| OCALA, FL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,989 | 3.44% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,247 | 2.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,712 | 2.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,863 | 3.75% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,312 | 3.75% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,985 | 3.00% |
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Product Mix
For 2021, Ml Mortgage Corp.'s most frequently originated type of loan was Conventional, with 1,170 originations. Their 2nd most popular type was FHA, with 305 originations.
Loan Reason
For 2021, Ml Mortgage Corp.'s most frequently cited loan purpose was Home Purchase, with 634 originations. The 2nd most popular reason was Refi, with 518 originations.
Loan Duration/Length
For 2021, Ml Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 1,459 originations. The 2nd most popular length was 15 Year, with 63 originations.
Origination Fees/Closing Costs
Ml Mortgage Corp.'s average total fees were $7,497, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 529 originations.
Interest Rates
During 2021, Ml Mortgage Corp.'s average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 3-4%, with 776 originations.
Loan Sizing
2021 saw Ml Mortgage Corp. place emphasis on $200k-400k loans with 814 originations, totaling $245,010,000 in origination value.
Applicant Income
Ml Mortgage Corp. lent most frequently to those with incomes in the $100k-150k range, with 373 originations. The second most popular income band? $50k-75k, with 373 originations.
Applicant Debt to Income Ratio
Ml Mortgage Corp. lent most frequently to those with DTI ratios of 30-36%, with 197 originations. The next most common DTI ratio? 20-30%, with 159 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.94%
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 origination68.53%
Ml Mortgage Corp. 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 | 1,557 | $562,315,000 | $361,153 |