Draper And Kramer Mortgage Corp. Rates, Fees & Info

WILMINGTON, DE

LEI: 5493001R92DY5DI1DI85

Tax ID: 36-3873650

2020 Data | 2019 Data | 2018 Data


Overview

Draper And Kramer Mortgage Corp. is a large mortgage company specializing in Refi and Home Purchase loans. Draper And Kramer Mortgage Corp. 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.) They have a low ratio of USDA loans. Their top markets include Chicago, Cambridge, Washington, Boston, and Lake County among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Draper And Kramer Mortgage Corp. is typically an average fee lendor.


Originations

27,136

Origination Dollar Volume (All Markets)

$9,342,630,000

Relative Rate

Draper And Kramer Mortgage Corp.'s average 30 year fixed rate mortgage was 3.13%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.23%.

Relative Fees

Draper And Kramer Mortgage Corp.'s average total fees for a 30 year fixed rate mortgage are $3,953.

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 $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 24,767 $8,566,685,000 $345,891 $3,175 2.99%
FHA 1,365 $387,415,000 $283,821 $8,932 3.17%
VA 957 $379,915,000 $396,985 $6,163 2.81%
USDA 47 $8,615,000 $183,298 $5,899 3.22%

For the 2020 period, Draper And Kramer Mortgage Corp.'s most frequently originated loan type was Conventional, with 24,767 originations. Their 2nd most popular type is FHA, with 1,365 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 15,663 $5,448,695,000 $347,870 $2,674 2.95%
Home Purchase 8,002 $2,738,010,000 $342,166 $5,510 3.02%
Cash Out Refi 3,471 $1,155,925,000 $333,024 $3,187 3.18%

For the 2020, Draper And Kramer Mortgage Corp.'s most frequently cited loan purpose was Refi, with 15,663 originations. The 2nd most popular reason was Home Purchase, with 8,002 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 19,977 $7,261,365,000 $363,486 $3,953 3.12%
15 Year 5,246 $1,518,330,000 $289,426 $2,545 2.60%
20 Year 1,108 $344,200,000 $310,650 $2,594 3.02%
Other 488 $166,480,000 $341,148 $2,592 2.97%
10 Year 269 $47,705,000 $177,342 $1,897 2.04%
5 Year 22 $470,000 $21,364 $140 0.87%
3 Year 17 $495,000 $29,118 $556 0.32%
1 Year 8 $2,740,000 $342,500 $5,586 5.34%
30+ year 1 $845,000 $845,000 $3,763 4.50%

For the 2020, Draper And Kramer Mortgage Corp.'s most frequently cited loan length was 30 Year, with 19,977 originations. The 2nd most popular length was 15 Year, with 5,246 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 24,109 $8,275,595,000 $343,257
$<1k 1,212 $396,480,000 $327,129
$2k-3k 906 $285,980,000 $315,651
$3k-4k 558 $196,310,000 $351,810
$5k+ 343 $186,985,000 $545,146

$3,953 was Draper And Kramer Mortgage Corp.'s average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 24,109 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
CHICAGO-NAPERVILLE-EVANSTON, IL 7,239 $2,260,875,000 $312,319 $2,947 3.00%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 3,305 $1,324,285,000 $400,691 $3,054 2.97%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 1,755 $795,935,000 $453,524 $5,070 2.93%
BOSTON, MA 889 $362,095,000 $407,306 $3,072 2.99%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 962 $314,500,000 $326,923 $2,844 2.93%
LOS ANGELES-LONG BEACH-GLENDALE, CA 618 $310,610,000 $502,605 $4,802 3.14%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 730 $309,630,000 $424,151 $4,432 2.82%
PHOENIX-MESA-CHANDLER, AZ 638 $209,680,000 $328,652 $3,019 2.97%
WORCESTER, MA-CT 569 $193,675,000 $340,378 $2,693 2.87%
COLORADO SPRINGS, CO 572 $181,740,000 $317,727 $4,587 2.93%
DENVER-AURORA-LAKEWOOD, CO 506 $177,250,000 $350,296 $3,868 2.98%
ELGIN, IL 669 $162,525,000 $242,937 $3,334 3.03%
NEW BRUNSWICK-LAKEWOOD, NJ 482 $158,270,000 $328,361 $4,316 3.11%
BURLINGTON-SOUTH BURLINGTON, VT 489 $139,915,000 $286,125 $2,731 3.15%
OXNARD-THOUSAND OAKS-VENTURA, CA 290 $133,110,000 $459,000 $4,230 3.17%
Outside of Metro Areas 478 $126,050,000 $263,703 $3,609 3.11%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 382 $124,090,000 $324,843 $5,516 3.08%
SANTA MARIA-SANTA BARBARA, CA 263 $122,695,000 $466,521 $4,755 3.18%
BALTIMORE-COLUMBIA-TOWSON, MD 353 $120,695,000 $341,912 $5,536 3.01%
OAKLAND-BERKELEY-LIVERMORE, CA 167 $92,195,000 $552,066 $4,843 3.09%
MANCHESTER-NASHUA, NH 267 $78,845,000 $295,300 $2,624 2.86%
WILMINGTON, DE-MD-NJ 232 $71,470,000 $308,060 $4,575 3.07%
GARY, IN 317 $70,385,000 $222,035 $2,797 3.14%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 187 $63,825,000 $341,310 $3,294 3.08%
NEWARK, NJ-PA 145 $59,325,000 $409,138 $4,426 3.04%
OCEAN CITY, NJ 186 $57,560,000 $309,462 $4,405 3.07%
PROVIDENCE-WARWICK, RI-MA 156 $51,140,000 $327,821 $2,990 2.94%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 147 $44,925,000 $305,612 $6,863 2.98%
LAS VEGAS-HENDERSON-PARADISE, NV 160 $40,930,000 $255,813 $3,870 2.99%
ATLANTIC CITY-HAMMONTON, NJ 192 $39,540,000 $205,938 $3,983 3.05%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 56 $38,330,000 $684,464 $4,301 2.90%
PHILADELPHIA, PA 128 $38,220,000 $298,594 $4,962 3.08%
ANAHEIM-SANTA ANA-IRVINE, CA 70 $37,270,000 $532,429 $3,785 3.04%
WARREN-TROY-FARMINGTON HILLS, MI 114 $35,530,000 $311,667 $3,070 3.01%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 85 $33,275,000 $391,471 $4,088 3.00%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 151 $32,585,000 $215,795 $3,366 3.17%
RALEIGH-CARY, NC 104 $32,060,000 $308,269 $2,692 2.78%
SEATTLE-BELLEVUE-KENT, WA 58 $28,190,000 $486,034 $3,744 2.96%
SAVANNAH, GA 119 $27,425,000 $230,462 $5,405 3.09%
DALLAS-PLANO-IRVING, TX 77 $25,125,000 $326,299 $3,915 2.86%
BAKERSFIELD, CA 97 $24,675,000 $254,381 $6,402 2.70%
DECATUR, IL 176 $24,270,000 $137,898 $3,350 2.79%
CAMDEN, NJ 104 $23,750,000 $228,365 $3,949 3.07%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 51 $23,625,000 $463,235 $4,319 3.08%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 70 $21,770,000 $311,000 $3,271 2.99%
SALISBURY, MD-DE 60 $20,580,000 $343,000 $4,201 3.04%
BARNSTABLE TOWN, MA 58 $20,270,000 $349,483 $2,979 3.00%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 50 $18,950,000 $379,000 $2,951 3.06%
BRIDGEPORT-STAMFORD-NORWALK, CT 44 $18,620,000 $423,182 $3,123 2.90%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 45 $18,225,000 $405,000 $6,302 2.99%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 57 $17,865,000 $313,421 $3,994 3.01%
NORTH PORT-SARASOTA-BRADENTON, FL 69 $17,755,000 $257,319 $4,196 3.10%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 60 $16,930,000 $282,167 $2,980 3.04%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 57 $16,545,000 $290,263 $3,857 3.19%
ST. LOUIS, MO-IL 72 $15,610,000 $216,806 $3,385 3.09%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 26 $15,290,000 $588,077 $4,724 2.96%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 53 $14,185,000 $267,642 $3,480 3.00%
MILWAUKEE-WAUKESHA, WI 46 $13,620,000 $296,087 $2,466 2.98%
ORLANDO-KISSIMMEE-SANFORD, FL 29 $12,235,000 $421,897 $4,468 3.02%
RICHMOND, VA 39 $12,095,000 $310,128 $5,727 2.92%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 39 $12,005,000 $307,821 $5,543 2.92%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 40 $11,850,000 $296,250 $2,794 2.94%
MIAMI-MIAMI BEACH-KENDALL, FL 35 $11,815,000 $337,571 $4,219 3.14%
Outside of Metro Areas 29 $11,785,000 $406,379 $7,163 2.84%
INDIANAPOLIS-CARMEL-ANDERSON, IN 40 $11,710,000 $292,750 $2,713 3.03%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 29 $10,715,000 $369,483 $4,749 3.20%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 36 $10,650,000 $295,833 $2,820 2.97%
NEW HAVEN-MILFORD, CT 29 $10,215,000 $352,241 $2,949 2.81%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 28 $10,140,000 $362,143 $4,174 3.12%
NILES, MI 30 $10,100,000 $336,667 $3,267 3.14%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 24 $9,720,000 $405,000 $3,862 3.14%
BIRMINGHAM-HOOVER, AL 39 $8,865,000 $227,308 $4,409 2.84%
CAPE CORAL-FORT MYERS, FL 30 $8,630,000 $287,667 $3,482 3.10%
NAPLES-MARCO ISLAND, FL 24 $8,060,000 $335,833 $4,373 3.04%
SANTA CRUZ-WATSONVILLE, CA 11 $7,715,000 $701,364 $8,069 3.06%
PORTLAND-SOUTH PORTLAND, ME 27 $7,625,000 $282,407 $3,039 3.06%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 26 $7,130,000 $274,231 $3,546 3.05%
COLUMBUS, OH 24 $7,100,000 $295,833 $2,803 2.72%
BOULDER, CO 11 $6,905,000 $627,727 $3,371 2.95%
DETROIT-DEARBORN-LIVONIA, MI 21 $6,495,000 $309,286 $3,121 2.98%
HARRISBURG-CARLISLE, PA 36 $6,470,000 $179,722 $6,407 3.32%
TRENTON-PRINCETON, NJ 20 $6,420,000 $321,000 $3,905 2.83%
CLEVELAND-ELYRIA, OH 24 $5,590,000 $232,917 $2,650 3.15%
FORT COLLINS, CO 19 $5,365,000 $282,368 $3,673 2.99%
KANSAS CITY, MO-KS 17 $5,135,000 $302,059 $2,642 3.05%
DURHAM-CHAPEL HILL, NC 20 $4,980,000 $249,000 $2,918 3.26%
JACKSONVILLE, FL 18 $4,970,000 $276,111 $4,167 3.25%
CINCINNATI, OH-KY-IN 19 $4,855,000 $255,526 $3,059 3.01%
GREELEY, CO 14 $4,780,000 $341,429 $3,269 3.15%
FLAGSTAFF, AZ 11 $4,505,000 $409,545 $3,690 2.97%
PITTSBURGH, PA 18 $4,450,000 $247,222 $4,041 2.88%
SAN LUIS OBISPO-PASO ROBLES, CA 11 $4,415,000 $401,364 $4,115 3.27%
CHAMPAIGN-URBANA, IL 25 $4,325,000 $173,000 $2,481 2.91%
MADISON, WI 12 $4,300,000 $358,333 $3,055 3.09%
MICHIGAN CITY-LA PORTE, IN 17 $4,035,000 $237,353 $2,675 2.96%
CHARLOTTESVILLE, VA 17 $4,025,000 $236,765 $2,564 3.38%
LANCASTER, PA 17 $3,965,000 $233,235 $5,194 3.33%
SAN RAFAEL, CA 6 $3,850,000 $641,667 $4,065 3.08%
GRAND RAPIDS-KENTWOOD, MI 10 $3,810,000 $381,000 $2,904 2.94%
KANKAKEE, IL 25 $3,645,000 $145,800 $3,864 2.61%
SANTA ROSA-PETALUMA, CA 8 $3,640,000 $455,000 $4,582 3.08%
LAFAYETTE, LA 10 $3,440,000 $344,000 $3,684 2.96%
ANN ARBOR, MI 11 $3,405,000 $309,545 $3,049 3.01%
PEORIA, IL 14 $3,270,000 $233,571 $2,340 2.96%
PUNTA GORDA, FL 14 $3,160,000 $225,714 $4,245 3.26%
STOCKTON, CA 9 $3,145,000 $349,444 $4,367 3.19%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 8 $3,000,000 $375,000 $4,731 3.34%
PALM BAY-MELBOURNE-TITUSVILLE, FL 9 $2,905,000 $322,778 $4,188 3.05%
CALIFORNIA-LEXINGTON PARK, MD 10 $2,840,000 $284,000 $3,809 3.02%
YORK-HANOVER, PA 14 $2,750,000 $196,429 $5,007 3.25%
SOUTH BEND-MISHAWAKA, IN-MI 12 $2,710,000 $225,833 $3,070 2.92%
PENSACOLA-FERRY PASS-BRENT, FL 9 $2,615,000 $290,556 $4,295 3.15%
NASSAU COUNTY-SUFFOLK COUNTY, NY 6 $2,600,000 $433,333 $4,843 3.06%
GREENVILLE-ANDERSON, SC 7 $2,575,000 $367,857 $3,361 3.13%
VALLEJO, CA 7 $2,565,000 $366,429 $4,206 2.91%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 12 $2,500,000 $208,333 $3,972 3.11%
HILTON HEAD ISLAND-BLUFFTON, SC 8 $2,490,000 $311,250 $3,940 3.28%
PUEBLO, CO 14 $2,460,000 $175,714 $4,199 2.63%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 11 $2,315,000 $210,455 $5,145 2.74%
CHARLESTON-NORTH CHARLESTON, SC 7 $2,245,000 $320,714 $3,652 2.93%
TACOMA-LAKEWOOD, WA 4 $2,240,000 $560,000 $4,869 3.13%
SALT LAKE CITY, UT 4 $2,210,000 $552,500 $3,371 3.66%
SPRINGFIELD, MA 10 $2,190,000 $219,000 $2,811 2.81%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 10 $2,190,000 $219,000 $3,421 2.84%
READING, PA 11 $2,165,000 $196,818 $4,484 3.41%
ROCKFORD, IL 14 $2,080,000 $148,571 $2,921 2.65%
TUCSON, AZ 7 $2,035,000 $290,714 $2,913 3.02%
DOVER, DE 6 $1,880,000 $313,333 $6,454 2.85%
NAPA, CA 3 $1,825,000 $608,333 $2,865 2.96%
KNOXVILLE, TN 5 $1,805,000 $361,000 $3,006 2.82%
THE VILLAGES, FL 5 $1,775,000 $355,000 $5,825 2.83%
COEUR D'ALENE, ID 6 $1,710,000 $285,000 $4,771 2.96%
ASHEVILLE, NC 6 $1,690,000 $281,667 $3,209 2.98%
BLOOMINGTON, IL 8 $1,620,000 $202,500 $2,340 2.91%
GRAND JUNCTION, CO 6 $1,600,000 $266,667 $3,244 3.48%
NEW ORLEANS-METAIRIE, LA 7 $1,595,000 $227,857 $5,369 3.11%
LEXINGTON-FAYETTE, KY 5 $1,545,000 $309,000 $2,781 2.98%
MODESTO, CA 7 $1,545,000 $220,714 $3,376 3.59%
COLUMBUS, IN 7 $1,525,000 $217,857 $2,078 2.48%
ALBUQUERQUE, NM 7 $1,515,000 $216,429 $3,053 3.39%
SAN ANTONIO-NEW BRAUNFELS, TX 6 $1,480,000 $246,667 $3,755 2.69%
RENO, NV 5 $1,475,000 $295,000 $2,917 2.85%
PORT ST. LUCIE, FL 6 $1,470,000 $245,000 $4,005 3.72%
HARRISONBURG, VA 6 $1,390,000 $231,667 $3,821 3.12%
OLYMPIA-LACEY-TUMWATER, WA 4 $1,330,000 $332,500 $3,622 2.78%
WINCHESTER, VA-WV 6 $1,310,000 $218,333 $3,008 3.06%
OKLAHOMA CITY, OK 5 $1,305,000 $261,000 $2,905 3.37%
WILMINGTON, NC 5 $1,305,000 $261,000 $2,726 2.85%
ALTOONA, PA 10 $1,300,000 $130,000 $5,263 3.24%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 3 $1,285,000 $428,333 $8,662 2.92%
CARSON CITY, NV 4 $1,280,000 $320,000 $3,103 3.31%
CHICO, CA 4 $1,270,000 $317,500 $3,067 3.41%
TOLEDO, OH 4 $1,270,000 $317,500 $3,376 2.84%
HUNTSVILLE, AL 4 $1,250,000 $312,500 $2,642 2.66%
EAST STROUDSBURG, PA 8 $1,240,000 $155,000 $4,192 4.08%
COLUMBIA, MO 9 $1,235,000 $137,222 $2,335 3.26%
ROCHESTER, MN 5 $1,225,000 $245,000 $2,561 2.50%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 2 $1,220,000 $610,000 $4,098 2.75%
NORWICH-NEW LONDON, CT 4 $1,220,000 $305,000 $2,988 2.91%
SPOKANE-SPOKANE VALLEY, WA 5 $1,205,000 $241,000 $2,762 3.18%
CHATTANOOGA, TN-GA 4 $1,150,000 $287,500 $2,514 3.28%
HINESVILLE, GA 6 $1,100,000 $183,333 $4,504 2.69%
SCRANTON--WILKES-BARRE, PA 5 $1,095,000 $219,000 $3,653 3.20%
MEMPHIS, TN-MS-AR 3 $1,075,000 $358,333 $2,517 3.08%
TULSA, OK 3 $1,035,000 $345,000 $3,855 2.71%
BOISE CITY, ID 3 $1,035,000 $345,000 $3,269 3.17%
COLUMBIA, SC 4 $950,000 $237,500 $3,119 2.75%
LAKE HAVASU CITY-KINGMAN, AZ 3 $935,000 $311,667 $5,075 2.46%
JANESVILLE-BELOIT, WI 5 $925,000 $185,000 $2,898 3.22%
RACINE, WI 4 $910,000 $227,500 $3,376 2.97%
BLACKSBURG-CHRISTIANSBURG, VA 3 $875,000 $291,667 $3,097 3.33%
KALAMAZOO-PORTAGE, MI 3 $845,000 $281,667 $3,097 2.88%
EUGENE-SPRINGFIELD, OR 3 $835,000 $278,333 $3,643 2.75%
HAGERSTOWN-MARTINSBURG, MD-WV 4 $830,000 $207,500 $6,356 3.44%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 2 $800,000 $400,000 $2,879 3.19%
SAGINAW, MI 1 $795,000 $795,000 $4,245 2.63%
OMAHA-COUNCIL BLUFFS, NE-IA 3 $795,000 $265,000 $2,445 2.96%
VISALIA, CA 4 $780,000 $195,000 $3,148 2.94%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 3 $775,000 $258,333 $2,369 3.00%
JOHNSON CITY, TN 2 $760,000 $380,000 $2,637 3.31%
FLINT, MI 2 $750,000 $375,000 $3,396 2.88%
SPRINGFIELD, IL 5 $745,000 $149,000 $2,061 1.63%
FORT WAYNE, IN 3 $715,000 $238,333 $4,755 3.08%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 3 $705,000 $235,000 $2,487 2.96%
SHEBOYGAN, WI 2 $700,000 $350,000 $2,304 3.19%
LANSING-EAST LANSING, MI 3 $685,000 $228,333 $2,686 3.13%
DAPHNE-FAIRHOPE-FOLEY, AL 2 $660,000 $330,000 $5,432 2.88%
BLOOMINGTON, IN 3 $655,000 $218,333 $2,872 3.29%
TALLAHASSEE, FL 3 $655,000 $218,333 $4,523 3.13%
AKRON, OH 2 $640,000 $320,000 $3,519 2.75%
OSHKOSH-NEENAH, WI 2 $640,000 $320,000 $2,684 3.06%
SALINAS, CA 1 $635,000 $635,000 $3,109 3.13%
PANAMA CITY, FL 2 $630,000 $315,000 $7,228 2.63%
WAUSAU-WESTON, WI 2 $620,000 $310,000 $2,932 3.31%
VINELAND-BRIDGETON, NJ 3 $615,000 $205,000 $4,711 3.50%
GREENSBORO-HIGH POINT, NC 3 $595,000 $198,333 $2,650 2.88%
LAFAYETTE-WEST LAFAYETTE, IN 2 $590,000 $295,000 $2,324 3.00%
TUSCALOOSA, AL 2 $560,000 $280,000 $2,120 3.13%
LAKELAND-WINTER HAVEN, FL 2 $540,000 $270,000 $3,486 2.69%
PRESCOTT VALLEY-PRESCOTT, AZ 2 $530,000 $265,000 $2,805 2.44%
PITTSFIELD, MA 2 $520,000 $260,000 $3,533 3.31%
GLENS FALLS, NY 1 $515,000 $515,000 $4,814 3.13%
GRANTS PASS, OR 1 $505,000 $505,000 $4,020 2.63%
CUMBERLAND, MD-WV 2 $500,000 $250,000 $3,220 3.00%
ROANOKE, VA 2 $490,000 $245,000 $2,107 2.63%
NEW BERN, NC 3 $485,000 $161,667 $3,465 3.04%
AUGUSTA-RICHMOND COUNTY, GA-SC 2 $460,000 $230,000 $3,823 3.50%
EVANSVILLE, IN-KY 2 $460,000 $230,000 $3,654 3.44%
APPLETON, WI 1 $445,000 $445,000 $2,574 2.63%
BEND, OR 1 $435,000 $435,000 $3,668 2.63%
BRUNSWICK, GA 1 $425,000 $425,000 $8,183 2.50%
DULUTH, MN-WI 2 $420,000 $210,000 $2,823 3.06%
SPRINGFIELD, MO 1 $415,000 $415,000 $2,115 3.13%
MONTGOMERY, AL 1 $405,000 $405,000 $3,213 2.63%
CORPUS CHRISTI, TX 2 $400,000 $200,000 $3,561 2.94%
STATE COLLEGE, PA 2 $400,000 $200,000 $4,249 3.06%
HOMOSASSA SPRINGS, FL 2 $390,000 $195,000 $3,333 3.25%
CHAMBERSBURG-WAYNESBORO, PA 2 $380,000 $190,000 $6,074 4.31%
CANTON-MASSILLON, OH 1 $375,000 $375,000 $3,568 2.75%
LINCOLN, NE 1 $375,000 $375,000 $5,567 2.50%
SPARTANBURG, SC 2 $360,000 $180,000 $2,587 2.50%
OCALA, FL 2 $350,000 $175,000 $7,226 3.19%
CARBONDALE-MARION, IL 3 $345,000 $115,000 $3,100 3.67%
MORRISTOWN, TN 2 $330,000 $165,000 $5,076 3.69%
ELIZABETHTOWN-FORT KNOX, KY 2 $310,000 $155,000 $4,423 2.94%
REDDING, CA 1 $285,000 $285,000 $3,591 3.00%
RAPID CITY, SD 1 $275,000 $275,000 $2,495 2.88%
KINGSPORT-BRISTOL, TN-VA 1 $275,000 $275,000 $3,153 3.49%
MOUNT VERNON-ANACORTES, WA 1 $265,000 $265,000 $5,312 2.38%
ALBANY-SCHENECTADY-TROY, NY 1 $255,000 $255,000 $3,856 2.88%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 1 $255,000 $255,000 $2,344 3.00%
HANFORD-CORCORAN, CA 1 $235,000 $235,000 $7,252 3.13%
SALEM, OR 1 $235,000 $235,000 $3,682 3.25%
WATERLOO-CEDAR FALLS, IA 1 $225,000 $225,000 $2,704 4.38%
LAS CRUCES, NM 1 $215,000 $215,000 $3,297 3.25%
WICHITA, KS 1 $215,000 $215,000 $3,099 3.25%
KENNEWICK-RICHLAND, WA 1 $215,000 $215,000 $3,076 3.63%
DES MOINES-WEST DES MOINES, IA 1 $205,000 $205,000 $6,275 3.13%
SEBASTIAN-VERO BEACH, FL 1 $195,000 $195,000 $6,634 3.00%
BATTLE CREEK, MI 1 $185,000 $185,000 $2,309 3.13%
GREEN BAY, WI 1 $185,000 $185,000 $2,257 2.63%
CLARKSVILLE, TN-KY 1 $185,000 $185,000 $2,952 3.13%
LAKE CHARLES, LA 1 $175,000 $175,000 $3,456 2.88%
LIMA, OH 1 $175,000 $175,000 $7,373 3.50%
IOWA CITY, IA 1 $175,000 $175,000 $2,054 3.38%
SAN ANGELO, TX 1 $165,000 $165,000 $1,428 2.50%
JOPLIN, MO 1 $165,000 $165,000 $9,493 4.25%
MONROE, MI 1 $155,000 $155,000 $2,529 2.50%
BOWLING GREEN, KY 1 $155,000 $155,000 $3,611 2.75%
ST. JOSEPH, MO-KS 1 $155,000 $155,000 $2,849 2.63%
MANHATTAN, KS 1 $145,000 $145,000 $2,054 3.25%
STAUNTON, VA 1 $135,000 $135,000 $2,989 3.00%
GETTYSBURG, PA 1 $135,000 $135,000 $4,952 3.63%
GREENVILLE, NC 1 $125,000 $125,000 $3,127 3.13%
WARNER ROBINS, GA 1 $125,000 $125,000 $2,392 2.25%
GAINESVILLE, GA 1 $115,000 $115,000 $3,986 3.50%
KILLEEN-TEMPLE, TX 1 $115,000 $115,000 $2,982 2.25%
AMES, IA 1 $105,000 $105,000 $2,139 2.75%
ERIE, PA 1 $95,000 $95,000 $3,004 3.63%
KOKOMO, IN 1 $85,000 $85,000 $1,953 3.13%
WINSTON-SALEM, NC 1 $85,000 $85,000 $2,908 3.50%
JACKSONVILLE, NC 1 $75,000 $75,000 $3,369 3.50%
JOHNSTOWN, PA 1 $65,000 $65,000 $3,745 3.25%

Draper And Kramer Mortgage Corp.'s top markets include Chicago, Cambridge, Washington, Boston, and Lake County among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 11,732 $4,181,170,000 $356,390
3-4% 10,503 $3,605,185,000 $343,253
<2.5% 4,307 $1,386,225,000 $321,854
4-5% 526 $146,850,000 $279,183
5-6% 53 $19,835,000 $374,245
6-7% 10 $2,660,000 $266,000
7-8% 2 $470,000 $235,000
Over 8% 2 $230,000 $115,000

During 2020, Draper And Kramer Mortgage Corp.'s average interest rate was 3.13%, while their most frequently originated rate bucket was 2.5-3%, with 11,732 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 13,701 $4,064,445,000 $296,653 $3,421 2.99%
$400k-600k 6,460 $3,085,550,000 $477,639 $3,850 2.98%
$100k-200k 4,423 $699,165,000 $158,075 $3,167 3.09%
$600k-1MM 1,695 $1,195,735,000 $705,448 $4,918 3.04%
$100,000 or less 669 $41,745,000 $62,399 $2,378 2.54%
$1MM+ 188 $255,990,000 $1,361,649 $7,160 3.23%

2020 saw Draper And Kramer Mortgage Corp. place emphasis on $200k-400k loans with 13,701 originations, totaling $4,064,445,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 7,942 $2,643,080,000 $332,798 $3,433 2.99%
$150k-250k 7,101 $2,821,395,000 $397,324 $3,380 2.98%
$75k-100k 3,997 $1,131,295,000 $283,036 $3,866 3.04%
$50k-75k 3,297 $743,065,000 $225,376 $4,048 3.02%
$250k+ 3,258 $1,667,980,000 $511,964 $3,514 3.00%
$50k or less 1,425 $292,735,000 $205,428 $3,589 2.99%

Draper And Kramer Mortgage Corp. lent most frequently to those with incomes in the $100k-150k range, with 7,942 originations. The second most popular income band? $150k-250k, with 7,101 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 7,393 $2,579,645,000 $348,931 $3,132 2.94%
30-36% 5,158 $1,809,050,000 $350,727 $3,435 3.00%
<20% 2,938 $1,003,980,000 $341,722 $2,863 2.89%
38% 936 $332,280,000 $355,000 $3,868 3.02%
36% 923 $326,205,000 $353,418 $3,645 3.03%
44% 918 $294,610,000 $320,926 $3,909 3.10%
39% 914 $309,230,000 $338,326 $3,736 3.04%
42% 910 $315,220,000 $346,396 $3,966 3.08%
41% 891 $303,115,000 $340,196 $3,820 3.08%
40% 884 $299,820,000 $339,163 $3,836 3.10%
37% 846 $301,030,000 $355,827 $3,713 3.03%
43% 778 $249,790,000 $321,067 $4,124 3.06%
45% 652 $216,920,000 $332,699 $4,109 3.06%
48% 532 $173,530,000 $326,184 $4,114 3.07%
46% 523 $172,395,000 $329,627 $4,262 3.07%
49% 509 $162,285,000 $318,831 $4,418 3.12%
50-60% 489 $162,845,000 $333,016 $8,459 3.06%
47% 481 $156,605,000 $325,582 $4,232 3.08%
>60% 18 $5,060,000 $281,111 $7,153 3.38%

Draper And Kramer Mortgage Corp. lent most frequently to those with DTI ratios of 20-30%, with 7,393 originations. The next most common DTI ratio? 30-36%, with 5,158 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 16,953 $5,742,355,000 $338,722 $3,669 3.05%
Asian 5,924 $2,071,180,000 $349,625 $2,783 2.83%
Not provided 3,234 $1,176,360,000 $363,748 $3,747 3.01%
Black 944 $322,850,000 $342,002 $6,188 3.04%
American Indian 31 $10,225,000 $329,839 $5,485 2.99%
Native Hawaiian 23 $7,715,000 $335,435 $3,907 3.00%
Asian Indian 10 $5,120,000 $512,000 $5,425 2.63%
Chinese 4 $1,410,000 $352,500 $2,706 2.56%
Other Asian 3 $1,295,000 $431,667 $5,028 3.25%
Korean 2 $1,180,000 $590,000 $2,933 2.75%
Vietnamese 3 $1,155,000 $385,000 $7,338 2.42%
Native Hawiian 1 $535,000 $535,000 $4,296 2.88%
Other Pacific Islander 2 $520,000 $260,000 $2,313 3.00%
Guamanian 1 $515,000 $515,000 $2,324 3.13%
Japanese 1 $215,000 $215,000 $2,132 2.88%

Approval Rates

Total approvals of all applications
98.30%

Draper And Kramer Mortgage Corp. 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
82.91%

Draper And Kramer Mortgage Corp. has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 27,136 $9,342,630,000 $344,289

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 16 $3,060,000 $191,250
Single Family (1-4 Units):Site-Built 27,120 $9,339,570,000 $344,379

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,370 $366,580,000 $267,577 $2,842 2.83%
40-60% 5,694 $1,881,940,000 $330,513 $2,733 2.87%
60-80% 11,965 $4,369,435,000 $365,185 $3,025 3.06%
80-100% 7,625 $2,624,965,000 $344,258 $5,057 3.10%
Over 100% 179 $70,305,000 $392,765 $13,561 2.81%
Under 20% 278 $19,630,000 $70,612 $1,032 1.30%