Point Breeze Mortgage Rates, Fees & Info

Hunt Valley, MD

LEI: 5493000UZ37PYF2QMT96

Tax ID: 52-0447180

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
  • 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

    Point Breeze is a smaller mortgage company specializing in Cash Out Refi and Refi loans. Point Breeze has a high proportion of conventional loans. Their top markets by origination volume include: Baltimore, York, Salisbury, Washington, and Hagerstown among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Point Breeze 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. Point Breeze is typically a low 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.

    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 5.49% 4/21/24
    30 Year Conventional Refi -529.66% 4/21/24
    30 Year Cash-out Refi 5.12% 4/21/24
    15 Year Conventional Purchase 5.51% 4/21/24
    15 Year Conventional Refi 5.08% 4/21/24
    15 Year Cash-out Refi 5.08% 4/21/24
    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.

    Point Breeze Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Point Breeze. 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

    317

    Origination Dollar Volume (All Markets)

    $63,835,000

    Awards

    POINT BREEZE 30 Year Conventional Loans gold POINT BREEZE 30 Year Conventional Loans gold POINT BREEZE 30 Year Conventional Loans silver
    Show all (3) 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
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 279 $56,785,000 $203,530 $1,789 3.91%
    YORK-HANOVER, PA (FHA|USDA|VA) 25 $3,965,000 $158,600 $2,161 3.68%
    SALISBURY, MD-DE (FHA|USDA|VA) 10 $2,470,000 $247,000 $2,508 3.18%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $485,000 $485,000 $0 4.25%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.75%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.00%
    Point Breeze's top markets include Baltimore, York, Salisbury, Washington, and Hagerstown among others.

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

    • Similar Lenders

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

    Farmers and Merchants Trust Company of Chambersburg
    Similarity Rank: 72
    The Glen Burnie Mutual Savings Bank
    Similarity Rank: 271
    Beeline Loans, Inc.
    Similarity Rank: 430
    Kwik Mortgage Corporation
    Similarity Rank: 712
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 864
    APL
    Similarity Rank: 1122
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 1296
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 1465
    Mid-Atlantic Federal Credit Union
    Similarity Rank: 1770
    ACNB Bank
    Similarity Rank: 1862

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 316 $63,500,000 $200,949 $1,833 3.89%
    HELOC 1 $335,000 $335,000 n/a 4.25%

    For 2020, Point Breeze's most frequently originated type of loan was Conventional, with 316 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 140 $25,980,000 $185,571 $1,586 4.10%
    Refi 129 $28,345,000 $219,729 $2,079 3.52%
    Home Purchase 30 $8,350,000 $278,333 $3,093 3.65%
    Home Improvement 18 $1,160,000 $64,444 $133 5.33%

    For 2020, Point Breeze's most frequently cited loan purpose was Cash Out Refi, with 140 originations. The 2nd most popular reason was Refi, with 129 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 128 $32,480,000 $253,750 $2,511 3.47%
    15 Year 86 $18,420,000 $214,186 $1,524 4.20%
    10 Year 51 $3,065,000 $60,098 $530 4.70%
    20 Year 35 $7,985,000 $228,143 $2,180 3.51%
    5 Year 11 $475,000 $43,182 $465 3.99%
    Other 5 $1,075,000 $215,000 $2,320 3.25%
    1 Year 1 $335,000 $335,000 $0 4.25%

    For 2020, Point Breeze's most frequently cited loan duration was 30 Year, with 128 originations. The 2nd most popular length was 15 Year, with 86 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 294 $55,740,000 $189,592

    Point Breeze's average total fees were $2,511, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 294 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 149 $35,055,000 $235,268
    2.5-3% 68 $14,820,000 $217,941
    6-7% 39 $2,275,000 $58,333
    4-5% 38 $7,940,000 $208,947
    <2.5% 16 $3,380,000 $211,250
    5-6% 5 $225,000 $45,000
    7-8% 2 $140,000 $70,000

    During 2020, Point Breeze's average interest rate for loans was 3.47%, while their most frequently originated rate bucket for loans was 3-4%, with 149 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 104 $30,080,000 $289,231 $2,556 3.34%
    $100,000 or less 94 $4,690,000 $49,894 $524 5.01%
    $100k-200k 94 $14,630,000 $155,638 $2,159 3.46%
    $400k-600k 20 $9,480,000 $474,000 $2,826 3.49%
    $600k-1MM 3 $2,265,000 $755,000 $3,050 4.00%
    $1MM+ 2 $2,690,000 $1,345,000 $5,856 3.44%

    2020 saw Point Breeze place emphasis on $200k-400k loans with 104 originations, totaling $30,080,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 74 $13,460,000 $181,892 $1,728 4.18%
    $150k-250k 69 $15,685,000 $227,319 $1,810 3.95%
    $50k-75k 53 $6,355,000 $119,906 $1,600 3.85%
    $75k-100k 53 $9,515,000 $179,528 $1,907 3.87%
    $250k+ 35 $14,505,000 $414,429 $2,479 3.70%
    $50k or less 28 $3,260,000 $116,429 $1,835 3.48%

    Point Breeze lent most frequently to those with incomes in the $100k-150k range, with 74 originations. The second most popular income band? $150k-250k, with 69 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 89 $16,715,000 $187,809 $1,765 3.84%
    30-36% 51 $10,285,000 $201,667 $1,872 3.88%
    <20% 47 $9,905,000 $210,745 $2,253 3.20%
    36% 13 $2,835,000 $218,077 $2,054 3.88%
    37% 12 $1,860,000 $155,000 $1,701 3.79%
    40% 11 $1,695,000 $154,091 $1,350 4.59%
    45% 10 $1,710,000 $171,000 $1,146 4.89%
    39% 10 $1,850,000 $185,000 $1,973 3.65%
    38% 9 $1,355,000 $150,556 $1,833 3.60%
    46% 7 $765,000 $109,286 $917 5.12%
    42% 6 $1,380,000 $230,000 $1,849 4.16%
    44% 6 $1,170,000 $195,000 $1,257 4.48%
    43% 4 $410,000 $102,500 $1,215 4.12%
    41% 4 $990,000 $247,500 $1,943 4.19%
    47% 3 $445,000 $148,333 $2,193 3.38%
    48% 2 $130,000 $65,000 $0 7.13%
    50-60% 2 $370,000 $185,000 $2,487 3.25%
    >60% 1 $265,000 $265,000 $2,729 3.00%
    49% 1 $285,000 $285,000 $2,240 3.63%

    Point Breeze lent most frequently to those with DTI ratios of 20-30%, with 89 originations. The next most common DTI ratio? 30-36%, with 51 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 275 $56,225,000 $204,455 $1,838 3.87%
    Black 32 $4,690,000 $146,563 $1,687 4.13%
    Not provided 8 $2,650,000 $331,250 $2,462 3.69%
    Filipino 1 $205,000 $205,000 $2,251 3.00%
    Japanese 1 $65,000 $65,000 $2,161 3.50%

    Approval Rates

    Total approvals of all applications
    90.55%

    Point Breeze has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.17%

    Point Breeze has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 317 $63,835,000 $201,372

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $4,705,000 $672,143
    Single Family (1-4 Units):Site-Built 310 $59,130,000 $190,742

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 44 $4,280,000 $97,273 $1,147 4.50%
    40-60% 36 $8,700,000 $241,667 $2,284 3.27%
    60-80% 123 $32,035,000 $260,447 $2,434 3.43%
    80-100% 56 $16,320,000 $291,429 $2,646 3.41%
    Under 20% 58 $2,500,000 $43,103 $160 5.24%