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 Cash Out Refi loans. Deepwater Industries has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Salisbury, and Atlantic City among others. We have data for 3 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 an above 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.

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    Originations

    48

    Origination Dollar Volume (All Markets)

    $4,130,000

    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) 46 $3,680,000 $80,000 $0 0.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Deepwater Industries's top markets include Philadelphia, Salisbury, and Atlantic City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 48 $4,130,000 $86,042 $0 0.00%

    For 2021, Deepwater Industries's most frequently originated type of loan was Conventional, with 48 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 30 $1,410,000 $47,000 $0 0.00%
    Cash Out Refi 9 $1,675,000 $186,111 $0 0.00%
    Refi 7 $805,000 $115,000 $0 0.00%
    Home Purchase 2 $240,000 $120,000 $0 0.00%

    For 2021, Deepwater Industries's most frequently cited loan purpose was Home Improvement, with 30 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 48 $4,130,000 $86,042 $0 0.00%

    For 2021, Deepwater Industries's most frequently cited loan duration was Other, with 48 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 33 $1,515,000 $45,909 $0 0.00%
    $100k-200k 10 $1,380,000 $138,000 $0 0.00%
    $200k-400k 5 $1,235,000 $247,000 $0 0.00%

    2021 saw Deepwater Industries place emphasis on $100,000 or less loans with 33 originations, totaling $1,515,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 11 $575,000 $52,273 $0 0.00%
    $50k-75k 11 $625,000 $56,818 $0 0.00%
    $75k-100k 11 $1,115,000 $101,364 $0 0.00%
    $150k-250k 9 $1,375,000 $152,778 $0 0.00%
    $50k or less 6 $440,000 $73,333 $0 0.00%

    Deepwater Industries lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $50k-75k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 48 $4,130,000 $86,042 $0 0.00%

    Deepwater Industries lent most frequently to those with DTI ratios of Exempt%, with 48 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 44 $3,760,000 $85,455 $0 0.00%
    Black 4 $370,000 $92,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.74%

    Deepwater Industries has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.67%

    Deepwater Industries has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 48 $4,130,000 $86,042

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    48 $4,130,000 $86,042