Deepwater Industries Mortgage Rates, Fees & Info

Pennsville, NJ

LEI: 5493001VQLW8QLFMIH76

Tax ID: 21-0638039

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Deepwater Industries is a smaller mortgage company specializing in Home Improvement and Other loans. Deepwater Industries has a high proportion of conventional loans. Their top two markets are Philadelphia and Vineland .

    Deepwater Industries has an above average approval rate when compared to the average across all lenders.

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    Originations

    40

    Origination Dollar Volume (All Markets)

    $1,780,000

    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
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 39 $1,735,000 $44,487 $0 0.00%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Deepwater Industries's top markets include Philadelphia and Vineland among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 40 $1,780,000 $44,500 $0 0.00%

    For 2019, Deepwater Industries's most frequently originated type of loan was Conventional, with 40 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 24 $900,000 $37,500 $0 0.00%
    Other 10 $370,000 $37,000 $0 0.00%
    Cash Out Refi 5 $315,000 $63,000 $0 0.00%
    Refi 1 $195,000 $195,000 $0 0.00%

    For 2019, Deepwater Industries's most frequently cited loan purpose was Home Improvement, with 24 originations. The 2nd most popular reason was Other, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 40 $1,780,000 $44,500 $0 0.00%

    For 2019, Deepwater Industries's most frequently cited loan duration was Other, with 40 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 37 $1,365,000 $36,892 $0 0.00%
    $100k-200k 3 $415,000 $138,333 $0 0.00%

    2019 saw Deepwater Industries place emphasis on $100,000 or less loans with 37 originations, totaling $1,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 10 $310,000 $31,000 $0 0.00%
    $50k-75k 9 $315,000 $35,000 $0 0.00%
    $100k-150k 8 $540,000 $67,500 $0 0.00%
    $75k-100k 8 $350,000 $43,750 $0 0.00%
    $150k-250k 4 $240,000 $60,000 $0 0.00%
    $250k+ 1 $25,000 $25,000 $0 0.00%

    Deepwater Industries lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $50k-75k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 40 $1,780,000 $44,500 $0 0.00%

    Deepwater Industries lent most frequently to those with DTI ratios of Exempt%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 38 $1,720,000 $45,263 $0 0.00%
    Black 2 $60,000 $30,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 40 $1,780,000 $44,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 40 $1,780,000 $44,500