Commercial Lender Mortgage Rates, Fees & Info
Lewes, DELEI: 254900Y6EUNN0KGMJW67
Tax ID: 32-0541903
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 12/4/23 |
| 30 Year Conventional Refi | 6.27% | 12/4/23 |
| 30 Year Cash-out Refi | 6.27% | 12/4/23 |
| 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
1,094Origination Dollar Volume (All Markets)
$271,970,000Relative Rate
Commercial Lender's average 30 year fixed mortgage rate was
6.88%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 2.12%.
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 | 1,094 | $271,970,000 | $248,601 | $0 | 10.22% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,094 | $271,970,000 | $248,601 | $0 | 10.22% |
For 2022, Commercial Lender's most frequently originated type of loan was Conventional, with 1,094 originations.
Loan Reason
For 2022, Commercial Lender's most frequently cited loan purpose was Home Purchase, with 954 originations. The 2nd most popular reason was Home Improvement, with 70 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 1 Year | 1,080 | $269,030,000 | $249,102 | $0 | 10.25% |
| 30 Year | 11 | $1,905,000 | $173,182 | $0 | 6.88% |
| Other | 3 | $1,035,000 | $345,000 | $0 | 10.14% |
For 2022, Commercial Lender's most frequently cited loan duration was 1 Year, with 1,080 originations. The 2nd most popular length was 30 Year, with 11 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 1,033 | $254,035,000 | $245,920 |
| 7-8% | 54 | $15,550,000 | $287,963 |
| 6-7% | 5 | $1,885,000 | $377,000 |
| 4-5% | 1 | $365,000 | $365,000 |
| 5-6% | 1 | $135,000 | $135,000 |
During 2022, Commercial Lender's average interest rate for loans was 6.88%, while their most frequently originated rate bucket for loans was Over 8%, with 1,033 originations.
Loan Sizing
2022 saw Commercial Lender place emphasis on $100k-200k loans with 469 originations, totaling $70,115,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 1,094 | $271,970,000 | $248,601 | $0 | 10.22% |
Approval Rates
Total approvals of all applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,094 | $271,970,000 | $248,601 |