Commercial Lender Mortgage Rates, Fees & Info

Lewes, DE

LEI: 254900Y6EUNN0KGMJW67

Tax ID: 32-0541903

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Mortgage Data

Review & Overview

Commercial Lender is a smaller mortgage company specializing in Home Purchase loans. Commercial Lender has a high proportion of conventional loans.

Commercial Lender has an above average approval rate when compared to the average across all lenders. They typically have relatively high 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.

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
30 Year Conventional Purchase 6.27% 12/8/24
30 Year Conventional Refi 6.27% 12/8/24
30 Year Cash-out Refi 6.27% 12/8/24
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.

Commercial Lender Mortgage Calculator






Your Estimates

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

This is not an official calculator from Commercial Lender. 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

835

Origination Dollar Volume (All Markets)

$198,395,000

Relative Rate

Commercial Lender's average 30 year fixed mortgage rate was 8.09%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 1.61%.

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
Outside of Metro Areas 835 $198,395,000 $237,599 $0 11.49%
Commercial Lender's top markets include

Their top states include:
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 835 $198,395,000 $237,599 $0 11.49%

    For 2023, Commercial Lender's most frequently originated type of loan was Conventional, with 835 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 738 $173,510,000 $235,108 $0 11.55%
    Refi 79 $20,025,000 $253,481 $0 11.65%
    Cash Out Refi 17 $4,705,000 $276,765 $0 8.14%
    Other 1 $155,000 $155,000 $0 7.74%

    For 2023, Commercial Lender's most frequently cited loan purpose was Home Purchase, with 738 originations. The 2nd most popular reason was Refi, with 79 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    1 Year 773 $174,115,000 $225,246 $0 11.63%
    30 Year 36 $8,250,000 $229,167 $0 8.09%
    Other 26 $16,030,000 $616,538 $0 12.10%

    For 2023, Commercial Lender's most frequently cited loan duration was 1 Year, with 773 originations. The 2nd most popular length was 30 Year, with 36 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 818 $195,050,000 $238,447
    7-8% 15 $3,045,000 $203,000
    6-7% 2 $300,000 $150,000

    During 2023, Commercial Lender's average interest rate for loans was 8.09%, while their most frequently originated rate bucket for loans was Over 8%, with 818 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 363 $54,105,000 $149,050 $0 11.41%
    $200k-400k 261 $70,645,000 $270,670 $0 11.46%
    $100,000 or less 112 $9,190,000 $82,054 $0 11.88%
    $400k-600k 58 $27,420,000 $472,759 $0 11.27%
    $600k-1MM 28 $21,030,000 $751,071 $0 11.60%
    $1MM+ 13 $16,005,000 $1,231,154 $0 11.67%

    2023 saw Commercial Lender place emphasis on $100k-200k loans with 363 originations, totaling $54,105,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 835 $198,395,000 $237,599 $0 11.49%

    Approval Rates

    Total approvals of all applications
    100.00%

    Commercial Lender 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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 835 $198,395,000 $237,599

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    835 $198,395,000 $237,599

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $1,395,000 $465,000 $0 11.24%
    40-60% 37 $5,845,000 $157,973 $0 11.41%
    60-80% 171 $41,915,000 $245,117 $0 11.09%
    80-100% 232 $56,030,000 $241,509 $0 11.56%
    Over 100% 360 $85,060,000 $236,278 $0 11.69%