Chartwell Financial Mortgage Rates, Fees & Info

DOVER, DE

LEI: 254900O2VYWY7LKZ6T60

Tax ID: 27-0086543

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Chartwell Financial is a smaller mortgage company specializing in Home Purchase loans. Chartwell Financial has a high proportion of conventional loans. Their top markets by origination volume include: Ann Arbor, Columbus, Mankato, Minneapolis, and Akron among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Chartwell Financial has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
15 Year Conventional Purchase 12.94% 3/17/24
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.

Chartwell Financial Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Chartwell Financial. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

68

Origination Dollar Volume (All Markets)

$2,640,000

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
ANN ARBOR, MI (FHA|USDA|VA) 11 $465,000 $42,273 $316 11.67%
COLUMBUS, IN (FHA|USDA|VA) 11 $415,000 $37,727 $312 10.69%
MANKATO, MN (FHA|USDA|VA) 8 $390,000 $48,750 $314 10.41%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 5 $275,000 $55,000 $313 11.13%
AKRON, OH (FHA|USDA|VA) 8 $210,000 $26,250 $314 10.86%
GRAND FORKS, ND-MN (FHA|USDA|VA) 3 $195,000 $65,000 $316 9.88%
BLOOMINGTON, IN (FHA|USDA|VA) 4 $160,000 $40,000 $316 12.44%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $125,000 $25,000 $290 11.00%
Traverse City, MI (FHA|USDA|VA) 4 $120,000 $30,000 $312 11.44%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 4 $120,000 $30,000 $308 10.41%
Red Wing, MN (FHA|USDA|VA) 3 $85,000 $28,333 $244 8.81%
Marshalltown, IA (FHA|USDA|VA) 1 $55,000 $55,000 $316 9.50%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $25,000 $25,000 $316 10.75%
Chartwell Financial's top markets include Ann Arbor, Columbus, Mankato, Minneapolis, and Akron among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • North Dakota (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 68 $2,640,000 $38,824 $309 10.88%

    For 2022, Chartwell Financial's most frequently originated type of loan was Conventional, with 68 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 68 $2,640,000 $38,824 $309 10.88%

    For 2022, Chartwell Financial's most frequently cited loan purpose was Home Purchase, with 68 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 44 $2,190,000 $49,773 $313 10.78%
    Other 21 $395,000 $18,810 $299 11.21%
    10 Year 3 $55,000 $18,333 $311 10.13%

    For 2022, Chartwell Financial's most frequently cited loan duration was 15 Year, with 44 originations. The 2nd most popular length was Other, with 21 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 68 $2,640,000 $38,824

    Chartwell Financial's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 68 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 67 $2,625,000 $39,179
    7-8% 1 $15,000 $15,000

    During 2022, Chartwell Financial's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 67 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 68 $2,640,000 $38,824 $309 10.88%

    2022 saw Chartwell Financial place emphasis on $100,000 or less loans with 68 originations, totaling $2,640,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 33 $1,155,000 $35,000 $303 11.19%
    $50k-75k 18 $730,000 $40,556 $315 10.71%
    $75k-100k 12 $510,000 $42,500 $313 10.80%
    $100k-150k 4 $180,000 $45,000 $312 9.72%
    $150k-250k 1 $65,000 $65,000 $316 9.50%

    Chartwell Financial lent most frequently to those with incomes in the $50k or less range, with 33 originations. The second most popular income band? $50k-75k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 20 $800,000 $40,000 $314 11.06%
    30-36% 13 $445,000 $34,231 $303 10.98%
    <20% 10 $300,000 $30,000 $313 10.08%
    47% 4 $190,000 $47,500 $316 10.91%
    37% 4 $190,000 $47,500 $316 11.41%
    46% 3 $125,000 $41,667 $316 12.21%
    43% 3 $45,000 $15,000 $244 10.67%
    39% 3 $145,000 $48,333 $316 11.63%
    38% 2 $90,000 $45,000 $308 9.81%
    40% 2 $90,000 $45,000 $316 10.00%
    44% 1 $65,000 $65,000 $316 10.63%
    45% 1 $75,000 $75,000 $300 8.68%
    42% 1 $45,000 $45,000 $316 12.88%
    36% 1 $35,000 $35,000 $316 11.00%

    Chartwell Financial lent most frequently to those with DTI ratios of 20-30%, with 20 originations. The next most common DTI ratio? 30-36%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 58 $2,200,000 $37,931 $308 10.91%
    Not provided 4 $150,000 $37,500 $316 10.81%
    Black 3 $135,000 $45,000 $311 10.04%
    American Indian 2 $80,000 $40,000 $316 12.69%
    Asian 1 $75,000 $75,000 $300 8.68%

    Approval Rates

    Total approvals of all applications
    76.47%

    Chartwell Financial has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    55.88%

    Chartwell Financial 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 68 $2,640,000 $38,824

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    68 $2,640,000 $38,824

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $75,000 $15,000 $276 9.98%
    40-60% 2 $50,000 $25,000 $316 11.25%
    60-80% 25 $925,000 $37,000 $313 11.49%
    80-100% 36 $1,590,000 $44,167 $310 10.57%