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, Phoenix, Akron, Youngstown, and Reading among others. We have data for 14 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

    68

    Origination Dollar Volume (All Markets)

    $2,390,000

    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) 14 $650,000 $46,429 $300 9.88%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 14 $360,000 $25,714 $321 10.90%
    AKRON, OH (FHA|USDA|VA) 15 $315,000 $21,000 $293 10.84%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 6 $240,000 $40,000 $300 10.27%
    READING, PA (FHA|USDA|VA) 4 $210,000 $52,500 $300 9.59%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 4 $180,000 $45,000 $300 10.56%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $120,000 $60,000 $300 9.06%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $80,000 $40,000 $300 10.25%
    COLUMBUS, IN (FHA|USDA|VA) 1 $55,000 $55,000 $300 9.00%
    BLOOMINGTON, IN (FHA|USDA|VA) 2 $50,000 $25,000 $300 11.31%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $45,000 $45,000 $300 11.38%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $35,000 $35,000 $300 11.00%
    Marshalltown, IA (FHA|USDA|VA) 1 $25,000 $25,000 $300 11.63%
    Red Wing, MN (FHA|USDA|VA) 1 $25,000 $25,000 $300 11.25%
    Chartwell Financial's top markets include Mankato, Phoenix, Akron, Youngstown, and Reading among others.

    Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Arizona (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 $2,390,000 $35,147 $303 10.46%

    For 2020, 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 $2,390,000 $35,147 $303 10.46%

    For 2020, 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 35 $1,755,000 $50,143 $309 10.04%
    Other 23 $425,000 $18,478 $300 11.15%
    10 Year 5 $155,000 $31,000 $300 10.93%
    5 Year 3 $45,000 $15,000 $300 10.33%
    3 Year 2 $10,000 $5,000 $250 9.06%

    For 2020, Chartwell Financial's most frequently cited loan duration was 15 Year, with 35 originations. The 2nd most popular length was Other, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 68 $2,390,000 $35,147

    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% 68 $2,390,000 $35,147

    During 2020, Chartwell Financial's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 68 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 68 $2,390,000 $35,147 $303 10.46%

    2020 saw Chartwell Financial place emphasis on $100,000 or less loans with 68 originations, totaling $2,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 32 $940,000 $29,375 $306 10.62%
    $50k-75k 20 $800,000 $40,000 $300 10.40%
    $75k-100k 12 $450,000 $37,500 $300 10.57%
    $100k-150k 4 $200,000 $50,000 $300 9.16%

    Chartwell Financial lent most frequently to those with incomes in the $50k or less range, with 32 originations. The second most popular income band? $50k-75k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 17 $635,000 $37,353 $294 10.26%
    30-36% 15 $515,000 $34,333 $300 10.63%
    38% 6 $140,000 $23,333 $300 11.38%
    <20% 5 $85,000 $17,000 $300 10.83%
    42% 4 $130,000 $32,500 $300 10.66%
    36% 3 $105,000 $35,000 $300 10.50%
    46% 3 $135,000 $45,000 $300 9.63%
    39% 3 $125,000 $41,667 $350 10.50%
    37% 2 $60,000 $30,000 $300 10.50%
    40% 2 $80,000 $40,000 $300 10.38%
    44% 2 $80,000 $40,000 $375 10.06%
    47% 2 $100,000 $50,000 $300 10.00%
    43% 1 $65,000 $65,000 $300 9.00%
    50-60% 1 $55,000 $55,000 $300 9.00%
    48% 1 $55,000 $55,000 $300 9.50%
    45% 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 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 53 $1,825,000 $34,434 $301 10.46%
    Not provided 11 $375,000 $34,091 $300 10.51%
    American Indian 2 $100,000 $50,000 $300 10.56%
    Black 1 $45,000 $45,000 $300 9.00%
    Native Hawaiian or Islander 1 $45,000 $45,000 $450 11.38%

    Approval Rates

    Total approvals of all applications
    95.04%

    Chartwell Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    47.06%

    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 $2,390,000 $35,147

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 68 $2,390,000 $35,147

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $30,000 $7,500 $275 9.72%
    40-60% 1 $35,000 $35,000 $300 11.25%
    60-80% 18 $520,000 $28,889 $300 11.03%
    80-100% 45 $1,805,000 $40,111 $307 10.28%