Chartwell Financial Mortgage Rates, Fees & Info

DOVER, DE

LEI: 254900O2VYWY7LKZ6T60

Tax ID: 27-0086543

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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: Mankato, Grand Forks, Akron, Phoenix, and Colorado Springs among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Chartwell Financial 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.

    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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    15 Year Conventional Purchase 12.94% 5/4/24
    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

    83

    Origination Dollar Volume (All Markets)

    $2,965,000

    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
    MANKATO, MN (FHA|USDA|VA) 20 $780,000 $39,000 $300 11.32%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 10 $440,000 $44,000 $290 10.71%
    AKRON, OH (FHA|USDA|VA) 10 $240,000 $24,000 $300 11.46%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 9 $215,000 $23,889 $283 11.28%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 4 $200,000 $50,000 $300 11.06%
    PITTSBURGH, PA (FHA|USDA|VA) 5 $165,000 $33,000 $300 12.23%
    Traverse City, MI (FHA|USDA|VA) 3 $165,000 $55,000 $300 11.13%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 4 $150,000 $37,500 $300 11.78%
    BLOOMINGTON, IN (FHA|USDA|VA) 4 $130,000 $32,500 $300 12.06%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $115,000 $38,333 $300 10.92%
    ANN ARBOR, MI (FHA|USDA|VA) 2 $100,000 $50,000 $300 10.25%
    Marshalltown, IA (FHA|USDA|VA) 2 $70,000 $35,000 $300 10.88%
    COLUMBUS, IN (FHA|USDA|VA) 2 $60,000 $30,000 $300 12.31%
    READING, PA (FHA|USDA|VA) 2 $60,000 $30,000 $300 11.94%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $35,000 $35,000 $300 12.25%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $25,000 $25,000 $300 12.25%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $15,000 $15,000 $300 11.63%
    Chartwell Financial's top markets include Mankato, Grand Forks, Akron, Phoenix, and Colorado Springs among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 83 $2,965,000 $35,723 $297 11.37%

    For 2019, Chartwell Financial's most frequently originated type of loan was Conventional, with 83 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 83 $2,965,000 $35,723 $297 11.37%

    For 2019, Chartwell Financial's most frequently cited loan purpose was Home Purchase, with 83 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 52 $2,420,000 $46,538 $300 11.26%
    Other 25 $465,000 $18,600 $300 11.71%
    10 Year 3 $65,000 $21,667 $300 12.00%
    3 Year 3 $15,000 $5,000 $217 9.75%

    For 2019, Chartwell Financial's most frequently cited loan duration was 15 Year, with 52 originations. The 2nd most popular length was Other, with 25 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 83 $2,965,000 $35,723

    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 83 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 83 $2,965,000 $35,723

    During 2019, Chartwell Financial's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 83 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 83 $2,965,000 $35,723 $297 11.37%

    2019 saw Chartwell Financial place emphasis on $100,000 or less loans with 83 originations, totaling $2,965,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 39 $1,225,000 $31,410 $296 11.46%
    $50k-75k 35 $1,385,000 $39,571 $297 11.16%
    $75k-100k 7 $275,000 $39,286 $300 11.75%
    $100k-150k 2 $80,000 $40,000 $300 11.81%

    Chartwell Financial lent most frequently to those with incomes in the $50k or less range, with 39 originations. The second most popular income band? $50k-75k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 17 $565,000 $33,235 $300 11.32%
    30-36% 17 $745,000 $43,824 $291 11.02%
    <20% 7 $195,000 $27,857 $300 11.43%
    44% 7 $295,000 $42,143 $300 11.88%
    38% 6 $160,000 $26,667 $300 11.67%
    37% 5 $115,000 $23,000 $300 11.50%
    47% 4 $200,000 $50,000 $300 11.19%
    41% 4 $120,000 $30,000 $300 11.34%
    45% 4 $160,000 $40,000 $300 11.44%
    43% 2 $80,000 $40,000 $300 10.75%
    36% 2 $60,000 $30,000 $300 11.94%
    48% 2 $90,000 $45,000 $300 12.13%
    46% 2 $70,000 $35,000 $300 11.75%
    40% 2 $40,000 $20,000 $250 10.56%
    >60% 1 $45,000 $45,000 $300 11.50%
    42% 1 $25,000 $25,000 $300 11.38%

    Chartwell Financial lent most frequently to those with DTI ratios of 20-30%, with 17 originations. The next most common DTI ratio? 30-36%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 69 $2,415,000 $35,000 $296 11.45%
    Not provided 7 $225,000 $32,143 $300 11.05%
    American Indian 4 $190,000 $47,500 $300 11.16%
    Black 3 $135,000 $45,000 $300 10.46%

    Approval Rates

    Total approvals of all applications
    91.38%

    Chartwell Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    38.55%

    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 83 $2,965,000 $35,723

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 83 $2,965,000 $35,723

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $10,000 $5,000 $300 10.25%
    40-60% 2 $60,000 $30,000 $300 12.00%
    60-80% 22 $640,000 $29,091 $300 11.95%
    80-100% 57 $2,255,000 $39,561 $296 11.16%