Point Breeze Mortgage Rates, Fees & Info

Hunt Valley, MD

LEI: 5493000UZ37PYF2QMT96

Tax ID: 52-0447180

5 stars - out of 5 stars, based on 21 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Point Breeze is a smaller mortgage company specializing in Refi loans. Point Breeze has a high proportion of conventional loans. Their top markets include Baltimore, York, Salisbury, Philadelphia, and Washington among others. Point Breeze has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Point Breeze is typically a low fee lendor.


Originations

437

Origination Dollar Volume (All Markets)

$102,605,000
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Relative Rate

Point Breeze's average 30 year fixed rate mortgage of loans were 2.89%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.26%.

Relative Fees

Point Breeze's average total fees for a 30 year fixed rate mortgage are $2,539.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 352 $77,090,000 $219,006 $2,136 3.19%
Outside of Metro Areas 27 $14,295,000 $529,444 $2,675 4.01%
YORK-HANOVER, PA (FHA|USDA|VA) 37 $6,085,000 $164,459 $2,400 3.17%
SALISBURY, MD-DE (FHA|USDA|VA) 8 $1,920,000 $240,000 $2,795 2.78%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 5 $1,345,000 $269,000 $2,260 3.10%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $1,025,000 $341,667 $2,580 2.54%
GETTYSBURG, PA (FHA|USDA|VA) 3 $375,000 $125,000 $2,494 2.79%
Easton, MD (FHA|USDA|VA) 1 $265,000 $265,000 $2,935 2.88%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $205,000 $205,000 $2,621 2.63%

Point Breeze's top markets include Baltimore, York, Salisbury, Philadelphia, and Washington among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 437 $102,605,000 $234,794 $2,184 3.22%

For the 2021 period, Point Breeze's most frequently originated loan type of loans were Conventional, with 437 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 198 $46,680,000 $235,758 $2,303 2.89%
Home Improvement 102 $19,460,000 $190,784 $1,775 3.70%
Cash Out Refi 92 $20,320,000 $220,870 $2,069 3.37%
Home Purchase 43 $16,055,000 $373,372 $3,258 3.16%
Other 2 $90,000 $45,000 $0 5.87%

For the 2021, Point Breeze's most frequently cited loan purpose of loans were Refi, with 198 originations. The 2nd most popular reason of loans were Home Improvement, with 102 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 214 $55,740,000 $260,467 $2,539 2.89%
15 Year 99 $25,235,000 $254,899 $1,901 3.37%
20 Year 67 $13,945,000 $208,134 $2,079 3.44%
10 Year 43 $5,335,000 $124,070 $1,012 4.19%
5 Year 7 $775,000 $110,714 $1,140 3.94%
Other 7 $1,575,000 $225,000 $2,615 2.61%

For the 2021, Point Breeze's most frequently cited loan length of loans were 30 Year, with 214 originations. The 2nd most popular length of loans were 15 Year, with 99 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 279 $59,035,000 $211,595

$2,539 of loans were Point Breeze's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 279 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 272 $68,380,000 $251,397
<2.5% 87 $15,365,000 $176,609
6-7% 24 $1,600,000 $66,667
4-5% 22 $5,900,000 $268,182
3-4% 17 $10,395,000 $611,471
7-8% 10 $720,000 $72,000
5-6% 5 $245,000 $49,000

During 2021, Point Breeze's average interest rate of loans were 2.89%, while their most frequently originated rate bucket of loans were 2.5-3%, with 272 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 184 $51,070,000 $277,554 $2,591 2.82%
$100k-200k 130 $19,950,000 $153,462 $2,131 2.93%
$100,000 or less 74 $4,090,000 $55,270 $858 4.75%
$400k-600k 38 $17,450,000 $459,211 $2,977 2.99%
$600k-1MM 7 $4,955,000 $707,857 $4,065 3.77%
$1MM+ 4 $5,090,000 $1,272,500 $0 3.97%

2021 saw Point Breeze place emphasis on $200k-400k loans with 184 originations, totaling $51,070,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 124 $27,060,000 $218,226 $2,173 3.23%
$150k-250k 105 $27,235,000 $259,381 $2,153 3.29%
$50k-75k 67 $10,665,000 $159,179 $2,077 3.06%
$75k-100k 52 $11,290,000 $217,115 $2,379 3.01%
$50k or less 40 $5,340,000 $133,500 $2,133 2.97%
$250k+ 37 $13,575,000 $366,892 $2,314 3.74%

Point Breeze lent most frequently to those with incomes in the $100k-150k range, with 124 originations. The second most popular income band? $150k-250k, with 105 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 126 $29,330,000 $232,778 $2,358 2.97%
<20% 92 $19,130,000 $207,935 $2,264 2.85%
30-36% 75 $15,655,000 $208,733 $2,058 3.31%
42% 15 $3,395,000 $226,333 $2,240 3.25%
37% 14 $2,820,000 $201,429 $1,914 3.93%
41% 13 $3,235,000 $248,846 $2,404 3.00%
43% 11 $1,565,000 $142,273 $1,495 4.24%
39% 11 $1,755,000 $159,545 $1,721 3.62%
38% 9 $955,000 $106,111 $1,060 4.73%
36% 9 $2,285,000 $253,889 $2,421 3.22%
44% 8 $1,930,000 $241,250 $2,162 3.33%
45% 6 $1,350,000 $225,000 $1,956 3.38%
40% 5 $1,395,000 $279,000 $2,132 3.40%
47% 3 $595,000 $198,333 $1,617 4.17%
>60% 3 $655,000 $218,333 $2,584 2.83%
46% 2 $570,000 $285,000 $2,462 2.81%
48% 2 $250,000 $125,000 $2,075 2.88%

Point Breeze lent most frequently to those with DTI ratios of 20-30%, with 126 originations. The next most common DTI ratio? <20%, with 92 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 357 $86,065,000 $241,078 $2,218 3.17%
Black 54 $11,240,000 $208,148 $2,102 3.27%
Not provided 12 $2,450,000 $204,167 $2,250 3.42%
Asian 5 $1,235,000 $247,000 $1,149 4.68%
Other Asian 2 $360,000 $180,000 $1,181 4.43%
Japanese 2 $360,000 $180,000 $1,256 5.13%
American Indian 1 $315,000 $315,000 $2,492 2.88%
Filipino 2 $280,000 $140,000 $2,217 2.69%
Asian Indian 1 $155,000 $155,000 $2,307 2.88%
Other Pacific Islander 1 $145,000 $145,000 $2,158 2.63%

Approval Rates

Total approvals of all applications
92.15%

Point Breeze has an average approval rate.

Pick Rate

Approvals leading to origination
92.91%

Point Breeze has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 437 $102,605,000 $234,794

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
437 $102,605,000 $234,794

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 53 $6,325,000 $119,340 $1,550 3.64%
40-60% 73 $15,325,000 $209,932 $2,331 2.67%
60-80% 195 $56,805,000 $291,308 $2,519 2.95%
80-100% 74 $22,130,000 $299,054 $2,757 2.85%
Under 20% 42 $2,020,000 $48,095 $303 5.56%