M. S. Flynn Mortgage Rates, Fees & Info

Pittsburgh, PA

LEI: 254900Y284LKY6C62B45

Tax ID: 25-1629231

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    M. S. Flynn is a smaller mortgage company specializing in Home Purchase loans. M. S. Flynn has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top two markets are Pittsburgh and Somerset .

    M. S. Flynn 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. M. S. Flynn 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.

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    Originations

    72

    Origination Dollar Volume (All Markets)

    $23,700,000

    Awards

    M. S. Flynn 30 Year Conventional Loans silver M. S. Flynn 30 Year Conventional Loans bronze
    Show all (2) awards

    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
    PITTSBURGH, PA (FHA|USDA|VA) 71 $23,605,000 $332,465 $6,416 3.85%
    Somerset, PA (FHA|USDA|VA) 1 $95,000 $95,000 $6,344 4.38%
    M. S. Flynn's top markets include Pittsburgh and Somerset among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against M. S. Flynn based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    TRI BORO
    Similarity Rank: 70
    American Financial Mortgage Corporation
    Similarity Rank: 172
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 210
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 237
    M. S. Flynn, Inc.
    Similarity Rank: 252
    NEW FED MORTGAGE, CORP.
    Similarity Rank: 328
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 344
    ARMCO CREDIT UNION
    Similarity Rank: 490
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 494
    NEXTIER BANK, NATIONAL ASSOCIATION
    Similarity Rank: 775

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 68 $22,630,000 $332,794 $6,463 3.87%
    VA 3 $945,000 $315,000 $5,641 3.54%
    FHA 1 $125,000 $125,000 $5,501 4.25%

    For 2019, M. S. Flynn's most frequently originated type of loan was Conventional, with 68 originations. Their 2nd most popular type was VA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 61 $18,895,000 $309,754 $6,497 3.91%
    Refi 5 $1,505,000 $301,000 $5,725 3.45%
    Cash Out Refi 5 $1,735,000 $347,000 $5,531 3.53%
    Home Improvement 1 $1,565,000 $1,565,000 $9,281 4.38%

    For 2019, M. S. Flynn's most frequently cited loan purpose was Home Purchase, with 61 originations. The 2nd most popular reason was Refi, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 58 $19,190,000 $330,862 $6,665 3.94%
    15 Year 8 $2,590,000 $323,750 $5,522 3.25%
    20 Year 3 $895,000 $298,333 $5,237 3.83%
    Other 3 $1,025,000 $341,667 $5,149 3.92%

    For 2019, M. S. Flynn's most frequently cited loan duration was 30 Year, with 58 originations. The 2nd most popular length was 15 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 26 $8,490,000 $326,538
    $<1k 17 $7,495,000 $440,882
    $2k-3k 12 $2,330,000 $194,167
    $3k-4k 8 $2,310,000 $288,750
    $4k-5k 4 $980,000 $245,000
    $5k+ 3 $1,295,000 $431,667

    M. S. Flynn's average total fees were $6,665, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 26 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 43 $12,855,000 $298,953
    4-5% 26 $9,860,000 $379,231
    2.5-3% 3 $985,000 $328,333

    During 2019, M. S. Flynn's average interest rate for loans was 3.94%, while their most frequently originated rate bucket for loans was 3-4%, with 43 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 40 $11,540,000 $288,500 $5,846 3.78%
    $100k-200k 16 $2,440,000 $152,500 $5,293 3.96%
    $400k-600k 10 $4,950,000 $495,000 $8,967 3.90%
    $600k-1MM 3 $1,915,000 $638,333 $7,591 3.79%
    $1MM+ 2 $2,760,000 $1,380,000 $12,298 4.31%
    $100,000 or less 1 $95,000 $95,000 $6,344 4.38%

    2019 saw M. S. Flynn place emphasis on $200k-400k loans with 40 originations, totaling $11,540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 24 $9,010,000 $375,417 $6,966 3.84%
    $100k-150k 16 $4,100,000 $256,250 $5,788 3.82%
    $75k-100k 13 $3,215,000 $247,308 $5,946 3.80%
    $50k-75k 9 $1,625,000 $180,556 $4,871 3.93%
    $250k+ 8 $5,500,000 $687,500 $8,866 3.97%
    $50k or less 2 $250,000 $125,000 $5,033 4.06%

    M. S. Flynn lent most frequently to those with incomes in the $150k-250k range, with 24 originations. The second most popular income band? $100k-150k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 23 $6,605,000 $287,174 $5,902 3.72%
    30-36% 22 $6,900,000 $313,636 $6,381 3.85%
    38% 7 $4,015,000 $573,571 $8,351 4.23%
    <20% 5 $1,345,000 $269,000 $6,448 3.88%
    39% 4 $1,090,000 $272,500 $6,931 4.00%
    36% 3 $1,425,000 $475,000 $6,150 3.92%
    37% 3 $895,000 $298,333 $4,913 3.75%
    42% 2 $700,000 $350,000 $7,942 3.63%
    40% 1 $365,000 $365,000 $8,920 4.13%
    41% 1 $115,000 $115,000 $5,321 4.50%
    46% 1 $245,000 $245,000 $4,066 3.75%

    M. S. Flynn lent most frequently to those with DTI ratios of 20-30%, with 23 originations. The next most common DTI ratio? 30-36%, with 22 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 66 $21,520,000 $326,061 $6,379 3.88%
    Asian 5 $1,955,000 $391,000 $6,815 3.65%
    Black 1 $225,000 $225,000 $6,790 3.63%

    Approval Rates

    Total approvals of all applications
    100.00%

    M. S. Flynn 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
    91.67%

    M. S. Flynn has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 72 $23,700,000 $329,167

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 72 $23,700,000 $329,167

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $310,000 $155,000 $5,644 4.69%
    40-60% 2 $520,000 $260,000 $4,861 3.13%
    60-80% 23 $8,125,000 $353,261 $5,754 3.82%
    80-100% 45 $14,745,000 $327,667 $6,857 3.88%