Deepwater Industries Mortgage Rates, Fees & Info
Pennsville, NJLEI: 5493001VQLW8QLFMIH76
Tax ID: 21-0638039
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Deepwater Industries is a smaller mortgage company specializing in Home Improvement and Cash Out Refi loans. Deepwater Industries has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Vineland, Dover, and Salisbury among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Deepwater Industries 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.
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.
Originations
34Origination Dollar Volume (All Markets)
$1,950,000Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 30 | $1,760,000 | $58,667 | $0 | 0.00% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 0.00% |
| DOVER, DE (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 34 | $1,950,000 | $57,353 | $0 | 0.00% |
For 2018, Deepwater Industries's most frequently originated type of loan was Conventional, with 34 originations.
Loan Reason
For 2018, Deepwater Industries's most frequently cited loan purpose was Home Improvement, with 21 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 34 | $1,950,000 | $57,353 | $0 | 0.00% |
For 2018, Deepwater Industries's most frequently cited loan duration was Other, with 34 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 30 | $1,490,000 | $49,667 | $0 | 0.00% |
| $100k-200k | 4 | $460,000 | $115,000 | $0 | 0.00% |
2018 saw Deepwater Industries place emphasis on $100,000 or less loans with 30 originations, totaling $1,490,000 in origination value.
Applicant Income
Deepwater Industries lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $100k-150k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 34 | $1,950,000 | $57,353 | $0 | 0.00% |
Deepwater Industries lent most frequently to those with DTI ratios of Exempt%, with 34 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 32 | $1,880,000 | $58,750 | $0 | 0.00% |
| Black | 2 | $70,000 | $35,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.83%
Deepwater Industries has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination82.35%
Deepwater Industries has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 34 | $1,950,000 | $57,353 |