Draper And Kramer Mortgage Corp. Rates, Fees & Info

WILMINGTON, DE

LEI: 5493001R92DY5DI1DI85

Tax ID: 36-3873650

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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    • Review & Overview

    Draper And Kramer Mortgage Corp. is a small mortgage company specializing in Home Purchase loans. Draper And Kramer Mortgage Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Chicago, Boston, Washington, New York, and Philadelphia among others. We have data for 183 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Draper And Kramer Mortgage Corp. 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. Draper And Kramer Mortgage Corp. is typically an average 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
    Home Equity Line of Credit (HELOC) 1.42% 12/17/24
    30 Year Conventional Purchase 6.56% 12/17/24
    30 Year Conventional Refi 6.44% 12/17/24
    30 Year Cash-out Refi 6.64% 12/17/24
    30 Year FHA Purchase 7.36% 12/17/24
    30 Year FHA Refi 7.29% 12/17/24
    30 Year VA Purchase 6.14% 12/17/24
    30 Year VA Refi 6.12% 12/17/24
    30 Year USDA Purchase 6.74% 12/17/24
    30 Year USDA Refi 6.89% 12/17/24
    15 Year Conventional Purchase 6.01% 12/17/24
    15 Year Conventional Refi 5.88% 12/17/24
    15 Year Cash-out Refi 5.88% 12/17/24
    15 Year FHA Refi 6.89% 12/17/24
    15 Year VA Purchase 6.22% 12/17/24
    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.

    Draper And Kramer Mortgage Corp. Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Draper And Kramer Mortgage Corp.. 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

    5,859

    Origination Dollar Volume (All Markets)

    $1,675,235,000
    Show all (9) 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
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3,048 $814,570,000 $267,247 $4,812 4.71%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 303 $117,585,000 $388,069 $3,936 4.51%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 268 $111,340,000 $415,448 $6,989 4.81%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 234 $75,850,000 $324,145 $5,088 4.75%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 274 $68,540,000 $250,146 $5,253 4.87%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 72 $54,330,000 $754,583 $6,385 4.84%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 110 $39,210,000 $356,455 $6,734 4.83%
    WORCESTER, MA-CT (FHA|USDA|VA) 95 $30,725,000 $323,421 $3,987 4.49%
    LOUISVILLE, KY (FHA|USDA|VA) 163 $20,335,000 $124,755 $3,306 4.93%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 49 $17,885,000 $365,000 $4,331 4.70%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 94 $17,340,000 $184,468 $4,215 4.87%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 32 $15,370,000 $480,313 $5,979 4.96%
    OCEAN CITY, NJ (FHA|USDA|VA) 53 $14,815,000 $279,528 $4,021 4.82%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 24 $14,590,000 $607,917 $7,323 4.77%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 44 $13,730,000 $312,045 $7,783 4.71%
    DECATUR, IL (FHA|USDA|VA) 116 $13,630,000 $117,500 $3,481 4.86%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 39 $9,325,000 $239,103 $2,901 4.43%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 30 $8,760,000 $292,000 $3,668 4.73%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 35 $8,405,000 $240,143 $3,230 4.79%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 22 $8,250,000 $375,000 $5,117 4.59%
    SAVANNAH, GA (FHA|USDA|VA) 36 $7,250,000 $201,389 $5,224 4.77%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 28 $6,980,000 $249,286 $3,953 4.82%
    Outside of Metro Areas 46 $6,760,000 $146,957 $3,630 5.02%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 46 $6,710,000 $145,870 $5,371 4.74%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 13 $6,035,000 $464,231 $7,007 5.11%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 24 $6,010,000 $250,417 $2,931 4.81%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 17 $5,895,000 $346,765 $4,248 5.42%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 16 $5,760,000 $360,000 $4,839 4.58%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 17 $5,455,000 $320,882 $4,772 5.23%
    SALISBURY, MD-DE (FHA|USDA|VA) 17 $5,355,000 $315,000 $4,097 4.96%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 10 $5,060,000 $506,000 $5,171 4.70%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 25 $5,045,000 $201,800 $3,433 4.69%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 25 $4,895,000 $195,800 $5,174 4.64%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 21 $4,675,000 $222,619 $4,235 5.02%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $4,525,000 $646,429 $9,417 5.06%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 16 $4,400,000 $275,000 $3,861 4.93%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 5 $4,065,000 $813,000 $8,417 4.51%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 12 $4,000,000 $333,333 $3,611 4.79%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 7 $3,735,000 $533,571 $4,218 5.03%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 7 $3,725,000 $532,143 $6,230 4.43%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 8 $3,400,000 $425,000 $3,991 4.61%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $3,310,000 $827,500 $13,711 4.72%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 11 $3,295,000 $299,545 $4,978 4.90%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 7 $3,055,000 $436,429 $5,418 4.66%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 9 $2,855,000 $317,222 $4,176 4.59%
    NILES, MI (FHA|USDA|VA) 9 $2,445,000 $271,667 $2,895 4.57%
    Whitewater, WI (FHA|USDA|VA) 9 $2,435,000 $270,556 $2,990 4.72%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 6 $2,390,000 $398,333 $3,947 4.44%
    LAFAYETTE, LA (FHA|USDA|VA) 10 $2,250,000 $225,000 $4,146 4.66%
    Breckenridge, CO (FHA|USDA|VA) 2 $2,180,000 $1,090,000 $3,941 5.72%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 5 $1,925,000 $385,000 $3,440 4.48%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 4 $1,920,000 $480,000 $4,766 4.44%
    RALEIGH-CARY, NC (FHA|USDA|VA) 5 $1,645,000 $329,000 $3,278 4.98%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 6 $1,620,000 $270,000 $2,962 4.48%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $1,515,000 $505,000 $5,199 4.50%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 6 $1,400,000 $233,333 $3,068 4.63%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $1,380,000 $345,000 $3,947 4.22%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 7 $1,295,000 $185,000 $3,638 4.82%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 6 $1,280,000 $213,333 $3,555 4.71%
    ALBUQUERQUE, NM (FHA|USDA|VA) 6 $1,260,000 $210,000 $3,753 4.50%
    Key West, FL (FHA|USDA|VA) 4 $1,260,000 $315,000 $4,581 4.91%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 7 $1,205,000 $172,143 $4,353 4.86%
    KNOXVILLE, TN (FHA|USDA|VA) 4 $1,180,000 $295,000 $3,231 4.68%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $1,155,000 $385,000 $2,467 4.29%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $1,130,000 $565,000 $2,853 4.06%
    PUNTA GORDA, FL (FHA|USDA|VA) 6 $1,090,000 $181,667 $3,372 4.58%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 4 $1,060,000 $265,000 $3,205 4.88%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $7,845 4.25%
    ROCKFORD, IL (FHA|USDA|VA) 10 $1,000,000 $100,000 $4,477 4.92%
    Ottawa, IL (FHA|USDA|VA) 4 $1,000,000 $250,000 $3,413 4.94%
    RACINE, WI (FHA|USDA|VA) 4 $1,000,000 $250,000 $4,565 4.81%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 6 $960,000 $160,000 $4,850 5.37%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $935,000 $311,667 $4,195 4.38%
    FRESNO, CA (FHA|USDA|VA) 1 $905,000 $905,000 $4,933 4.13%
    BEND, OR (FHA|USDA|VA) 2 $900,000 $450,000 $4,776 4.69%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $850,000 $425,000 $2,913 4.94%
    DOVER, DE (FHA|USDA|VA) 3 $845,000 $281,667 $8,097 4.17%
    COLUMBUS, OH (FHA|USDA|VA) 3 $825,000 $275,000 $3,262 4.46%
    GETTYSBURG, PA (FHA|USDA|VA) 2 $820,000 $410,000 $5,055 4.75%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 4 $820,000 $205,000 $3,168 4.72%
    DuBois, PA (FHA|USDA|VA) 6 $740,000 $123,333 $4,202 5.35%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 4 $730,000 $182,500 $5,387 4.97%
    MADISON, WI (FHA|USDA|VA) 3 $715,000 $238,333 $2,944 4.58%
    ANN ARBOR, MI (FHA|USDA|VA) 2 $710,000 $355,000 $5,035 4.25%
    Holland, MI (FHA|USDA|VA) 3 $705,000 $235,000 $2,820 4.96%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $700,000 $350,000 $3,982 4.88%
    PITTSBURGH, PA (FHA|USDA|VA) 3 $665,000 $221,667 $4,532 5.04%
    ALTOONA, PA (FHA|USDA|VA) 5 $615,000 $123,000 $3,870 5.12%
    SPRINGFIELD, MA (FHA|USDA|VA) 2 $610,000 $305,000 $3,483 4.81%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $590,000 $295,000 $2,716 4.88%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 2 $590,000 $295,000 $3,583 4.50%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $580,000 $290,000 $6,762 4.38%
    GREEN BAY, WI (FHA|USDA|VA) 2 $570,000 $285,000 $2,786 4.19%
    Mineral Wells, TX (FHA|USDA|VA) 1 $525,000 $525,000 $4,490 4.75%
    LINCOLN, NE (FHA|USDA|VA) 1 $525,000 $525,000 $3,091 4.00%
    Beaver Dam, WI (FHA|USDA|VA) 3 $515,000 $171,667 $2,455 5.00%
    TUSCALOOSA, AL (FHA|USDA|VA) 2 $480,000 $240,000 $3,448 6.28%
    READING, PA (FHA|USDA|VA) 2 $480,000 $240,000 $7,874 4.69%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $460,000 $230,000 $2,981 5.00%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $460,000 $230,000 $3,029 4.50%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $455,000 $455,000 $2,844 5.38%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $455,000 $455,000 $2,559 4.88%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $455,000 $455,000 $3,574 5.00%
    Kalispell, MT (FHA|USDA|VA) 1 $455,000 $455,000 $4,108 3.88%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $455,000 $151,667 $4,720 4.88%
    Bardstown, KY (FHA|USDA|VA) 5 $445,000 $89,000 $3,007 5.10%
    WILMINGTON, NC (FHA|USDA|VA) 1 $445,000 $445,000 $3,674 4.63%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $415,000 $415,000 $6,709 5.13%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $385,000 $385,000 $4,332 4.63%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $375,000 $125,000 $3,044 4.83%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $370,000 $185,000 $2,814 5.00%
    Oxford, MS (FHA|USDA|VA) 1 $355,000 $355,000 $3,731 4.50%
    Boone, NC (FHA|USDA|VA) 1 $355,000 $355,000 $4,742 5.50%
    KANKAKEE, IL (FHA|USDA|VA) 3 $345,000 $115,000 $3,427 4.75%
    Berlin, NH (FHA|USDA|VA) 1 $325,000 $325,000 $3,370 5.63%
    LANCASTER, PA (FHA|USDA|VA) 2 $320,000 $160,000 $4,518 4.44%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $315,000 $315,000 $2,048 5.00%
    SALEM, OR (FHA|USDA|VA) 1 $315,000 $315,000 $5,626 4.63%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $305,000 $305,000 $3,824 4.38%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $305,000 $305,000 $3,881 4.49%
    St. Marys, GA (FHA|USDA|VA) 1 $305,000 $305,000 $3,173 4.75%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $300,000 $150,000 $3,544 4.56%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 4 $290,000 $72,500 $2,895 4.28%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $290,000 $145,000 $2,898 4.81%
    Tupelo, MS (FHA|USDA|VA) 1 $285,000 $285,000 $2,737 5.13%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $285,000 $285,000 $7,646 4.50%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $285,000 $285,000 $11,181 4.88%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $275,000 $275,000 $11,274 4.13%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $275,000 $275,000 $2,680 4.88%
    Taylorville, IL (FHA|USDA|VA) 2 $270,000 $135,000 $3,761 4.69%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $265,000 $265,000 $3,926 4.75%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $265,000 $265,000 $3,596 6.00%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $265,000 $265,000 $2,341 4.50%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $255,000 $255,000 $3,928 4.50%
    TULSA, OK (FHA|USDA|VA) 1 $255,000 $255,000 $8,621 5.13%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 2 $250,000 $125,000 $4,489 4.56%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $245,000 $245,000 $3,196 4.88%
    CHICO, CA (FHA|USDA|VA) 1 $235,000 $235,000 $3,200 5.13%
    Keene, NH (FHA|USDA|VA) 1 $235,000 $235,000 $3,130 4.99%
    BOISE CITY, ID (FHA|USDA|VA) 1 $225,000 $225,000 $9,282 5.63%
    Norfolk, NE (FHA|USDA|VA) 1 $225,000 $225,000 $2,905 3.88%
    Red Bluff, CA (FHA|USDA|VA) 1 $225,000 $225,000 $2,840 5.25%
    BLOOMINGTON, IL (FHA|USDA|VA) 2 $220,000 $110,000 $3,151 4.88%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $215,000 $215,000 $3,702 4.50%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $215,000 $215,000 $3,607 4.88%
    Crawfordsville, IN (FHA|USDA|VA) 1 $205,000 $205,000 $2,430 4.75%
    STOCKTON, CA (FHA|USDA|VA) 1 $205,000 $205,000 $2,609 4.63%
    EL PASO, TX (FHA|USDA|VA) 1 $205,000 $205,000 $6,917 4.38%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $195,000 $195,000 $3,497 5.75%
    SALINAS, CA (FHA|USDA|VA) 1 $195,000 $195,000 $3,645 4.88%
    COLUMBIA, SC (FHA|USDA|VA) 1 $185,000 $185,000 $3,247 4.38%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $185,000 $185,000 $1,937 4.50%
    SHEBOYGAN, WI (FHA|USDA|VA) 1 $185,000 $185,000 $2,258 3.75%
    IOWA CITY, IA (FHA|USDA|VA) 1 $185,000 $185,000 $2,578 4.63%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $175,000 $175,000 $4,275 4.50%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,691 4.75%
    Cookeville, TN (FHA|USDA|VA) 1 $165,000 $165,000 $3,012 5.13%
    Concord, NH (FHA|USDA|VA) 1 $165,000 $165,000 $2,894 4.25%
    OCALA, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,970 4.38%
    Statesboro, GA (FHA|USDA|VA) 1 $165,000 $165,000 $3,622 5.50%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $155,000 $155,000 $4,465 5.25%
    COLUMBIA, MO (FHA|USDA|VA) 1 $155,000 $155,000 $1,967 4.25%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $155,000 $155,000 $1,936 5.00%
    Centralia, WA (FHA|USDA|VA) 1 $155,000 $155,000 $2,648 4.50%
    RICHMOND, VA (FHA|USDA|VA) 1 $155,000 $155,000 $6,204 5.25%
    Pontiac, IL (FHA|USDA|VA) 2 $150,000 $75,000 $6,691 5.38%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $145,000 $145,000 $3,172 4.88%
    Rochelle, IL (FHA|USDA|VA) 2 $140,000 $70,000 $4,349 5.75%
    LEBANON, PA (FHA|USDA|VA) 1 $135,000 $135,000 $4,187 4.75%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $125,000 $125,000 $4,646 4.88%
    Coffeyville, KS (FHA|USDA|VA) 1 $125,000 $125,000 $2,720 4.50%
    Frankfort, KY (FHA|USDA|VA) 2 $120,000 $60,000 $2,604 5.38%
    BOWLING GREEN, KY (FHA|USDA|VA) 1 $105,000 $105,000 $2,494 4.75%
    London, KY (FHA|USDA|VA) 1 $105,000 $105,000 $1,147 4.75%
    HINESVILLE, GA (FHA|USDA|VA) 1 $105,000 $105,000 $3,338 4.88%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $105,000 $105,000 $2,628 4.75%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $95,000 $95,000 $5,864 6.88%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $95,000 $95,000 $2,322 5.50%
    Scottsburg, IN (FHA|USDA|VA) 1 $85,000 $85,000 $3,295 5.25%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $85,000 $85,000 $2,589 4.88%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $75,000 $75,000 $2,512 5.00%
    Charleston-Mattoon, IL (FHA|USDA|VA) 1 $75,000 $75,000 $2,444 4.75%
    Peru, IN (FHA|USDA|VA) 1 $45,000 $45,000 $3,146 4.50%
    Draper And Kramer Mortgage Corp.'s top markets include Chicago, Boston, Washington, New York, and Philadelphia among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)

    • Similar Lenders

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

    Charter Oak Federal Credit Union
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    BEACH MUNICIPAL FEDERAL CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,809 $1,428,555,000 $297,059 $4,192 4.73%
    FHA 780 $168,870,000 $216,500 $7,698 4.83%
    VA 227 $71,175,000 $313,546 $7,478 4.59%
    USDA 42 $6,500,000 $154,762 $4,945 4.79%
    HELOC 1 $135,000 $135,000 n/a 4.13%

    For 2018, Draper And Kramer Mortgage Corp.'s most frequently originated type of loan was Conventional, with 4,809 originations. Their 2nd most popular type was FHA, with 780 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 4,743 $1,339,405,000 $282,396 $5,186 4.74%
    Home Improvement 668 $195,160,000 $292,156 $3,355 4.86%
    Refi 448 $140,670,000 $313,996 $2,998 4.53%

    For 2018, Draper And Kramer Mortgage Corp.'s most frequently cited loan purpose was Home Purchase, with 4,743 originations. The 2nd most popular reason was Home Improvement, with 668 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,209 $1,548,765,000 $297,325 $4,976 4.79%
    15 Year 367 $89,565,000 $244,046 $3,505 4.21%
    20 Year 118 $29,370,000 $248,898 $3,280 4.58%
    5 Year 80 $640,000 $8,000 $21 0.00%
    10 Year 72 $3,350,000 $46,528 $1,020 4.26%
    Other 12 $3,330,000 $277,500 $3,509 4.66%
    1 Year 1 $215,000 $215,000 $6,821 6.00%

    For 2018, Draper And Kramer Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 5,209 originations. The 2nd most popular length was 15 Year, with 367 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 4,991 $1,450,885,000 $290,700
    $<1k 313 $68,055,000 $217,428
    $2k-3k 285 $71,555,000 $251,070
    $3k-4k 97 $30,315,000 $312,526
    $5k+ 66 $40,270,000 $610,152
    $4k-5k 31 $11,755,000 $379,194

    Draper And Kramer Mortgage Corp.'s average total fees were $4,976, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4,991 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 4,080 $1,211,200,000 $296,863
    5-6% 1,171 $271,215,000 $231,610
    3-4% 429 $167,645,000 $390,781
    6-7% 33 $15,015,000 $455,000
    7-8% 17 $6,155,000 $362,059
    <2.5% 9 $55,000 $6,111
    Over 8% 8 $3,020,000 $377,500

    During 2018, Draper And Kramer Mortgage Corp.'s average interest rate for loans was 4.79%, while their most frequently originated rate bucket for loans was 4-5%, with 4,080 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,519 $716,805,000 $284,559 $5,008 4.69%
    $100k-200k 1,792 $272,990,000 $152,338 $4,284 4.83%
    $400k-600k 758 $356,840,000 $470,765 $5,361 4.64%
    $100,000 or less 455 $26,035,000 $57,220 $3,285 4.94%
    $600k-1MM 260 $190,580,000 $733,000 $5,968 4.64%
    $1MM+ 75 $111,985,000 $1,493,133 $7,793 4.55%

    2018 saw Draper And Kramer Mortgage Corp. place emphasis on $200k-400k loans with 2,519 originations, totaling $716,805,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,331 $245,345,000 $184,331 $4,795 4.78%
    $100k-150k 1,294 $386,740,000 $298,872 $4,960 4.72%
    $75k-100k 1,000 $246,790,000 $246,790 $5,010 4.73%
    $150k-250k 990 $374,010,000 $377,788 $4,693 4.70%
    $50k or less 681 $83,355,000 $122,401 $4,155 4.87%
    $250k+ 562 $338,750,000 $602,758 $5,029 4.64%

    Draper And Kramer Mortgage Corp. lent most frequently to those with incomes in the $50k-75k range, with 1,331 originations. The second most popular income band? $100k-150k, with 1,294 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 1,039 $309,515,000 $297,897 $4,482 4.70%
    20-30% 948 $284,780,000 $300,401 $4,352 4.67%
    44% 292 $74,030,000 $253,527 $4,937 4.89%
    42% 283 $88,065,000 $311,184 $4,905 4.84%
    43% 281 $71,595,000 $254,786 $4,701 4.79%
    <20% 275 $101,615,000 $369,509 $4,221 4.60%
    38% 271 $79,995,000 $295,185 $4,688 4.74%
    50-60% 266 $71,410,000 $268,459 $7,927 4.82%
    49% 259 $71,925,000 $277,703 $4,915 4.83%
    39% 255 $66,695,000 $261,549 $4,689 4.74%
    41% 240 $65,560,000 $273,167 $4,928 4.77%
    40% 236 $62,690,000 $265,636 $4,974 4.78%
    36% 214 $65,430,000 $305,748 $4,621 4.71%
    45% 210 $54,880,000 $261,333 $4,842 4.75%
    48% 197 $50,025,000 $253,934 $4,889 4.73%
    47% 194 $50,600,000 $260,825 $4,867 4.77%
    37% 193 $51,255,000 $265,570 $4,719 4.73%
    46% 181 $46,605,000 $257,486 $4,665 4.71%
    >60% 9 $2,995,000 $332,778 $5,584 5.51%

    Draper And Kramer Mortgage Corp. lent most frequently to those with DTI ratios of 30-36%, with 1,039 originations. The next most common DTI ratio? 20-30%, with 948 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,599 $1,294,505,000 $281,475 $4,739 4.74%
    Asian 683 $209,995,000 $307,460 $4,250 4.62%
    Black 390 $112,410,000 $288,231 $6,261 4.99%
    Not provided 177 $55,795,000 $315,226 $5,478 4.75%
    Native Hawaiian or Islander 5 $1,415,000 $283,000 $3,436 4.50%
    American Indian 4 $980,000 $245,000 $5,704 4.44%
    Vietnamese 1 $135,000 $135,000 $4,629 4.75%

    Approval Rates

    Total approvals of all applications
    96.88%

    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
    77.27%

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

    Points and Fees

    Points Originations Total Value Average Loan
    50.0 1 $15,000 $15,000
    NA 5,858 $1,675,220,000 $285,971

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 5 $755,000 $151,000
    Single Family (1-4 Units):Site-Built 5,854 $1,674,480,000 $286,040

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 154 $35,260,000 $228,961 $3,646 4.53%
    40-60% 438 $122,380,000 $279,406 $3,845 4.62%
    60-80% 1,864 $609,400,000 $326,931 $4,067 4.75%
    80-100% 3,176 $882,230,000 $277,780 $5,354 4.77%
    Over 100% 71 $22,385,000 $315,282 $11,133 4.54%
    Under 20% 155 $3,575,000 $23,065 $697 4.35%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Draper and Kramer Mortgage Corp. FHA mortgage Trouble during payment process 1 100.0%