Ivy Mortgage Rates, Fees & Info
ELLICOTT CITY, MDLEI: 5493002G4JO4BZ22MC13
Tax ID: 27-2105834
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Mortgage Data
Review & Overview
Ivy Mortgage is a smaller mortgage company specializing in Home Purchase loans. Ivy Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Washington, Baltimore, Miami, and Austin among others. We have data for 38 markets. (Some data included below & more in-depth data is available with an active subscription.)Ivy Mortgage 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. Ivy Mortgage is typically a low 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.43% | 5/28/23 |
| 30 Year Conventional Refi | 6.39% | 5/28/23 |
| 15 Year Conventional Purchase | 5.86% | 5/28/23 |
| 15 Year Conventional Refi | 5.83% | 5/28/23 |
| 15 Year Cash-out Refi | 5.83% | 5/28/23 |
| 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. | ||
Ivy Mortgage Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
152Origination Dollar Volume (All Markets)
$49,390,000Awards
IVY MORTGAGE - 2022
IVY MORTGAGE is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Ivy Mortgage's average 30 year fixed mortgage rate was
4.8%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.04%.
Relative Fees (Closing Costs)
Ivy Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,141.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 31 | $10,835,000 | $349,516 | $4,013 | 4.48% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 7 | $3,315,000 | $473,571 | $3,958 | 5.14% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 9 | $3,075,000 | $341,667 | $3,500 | 4.06% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $2,740,000 | $342,500 | $6,471 | 4.91% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 7 | $2,655,000 | $379,286 | $4,899 | 4.59% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 9 | $2,535,000 | $281,667 | $3,668 | 4.40% |
| KNOXVILLE, TN (FHA|USDA|VA) | 8 | $2,380,000 | $297,500 | $3,844 | 5.94% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $1,840,000 | $306,667 | $4,208 | 4.63% |
| PITTSBURGH, PA (FHA|USDA|VA) | 6 | $1,830,000 | $305,000 | $4,384 | 5.29% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 5 | $1,725,000 | $345,000 | $5,061 | 3.03% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 8 | $1,620,000 | $202,500 | $3,539 | 4.55% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $1,560,000 | $390,000 | $3,191 | 4.81% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $1,475,000 | $491,667 | $4,103 | 4.29% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 6 | $1,460,000 | $243,333 | $3,629 | 4.92% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $3,205 | 3.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $4,501 | 3.88% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $2,903 | 5.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $7,370 | 4.44% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $4,566 | 5.69% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $5,528 | 4.25% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $2,691 | 5.75% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,572 | 4.25% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $4,725 | 4.50% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,733 | 5.13% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,689 | 4.25% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,591 | 5.13% |
| TYLER, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,079 | 2.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,824 | 4.50% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,457 | 3.63% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,496 | 4.88% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,847 | 5.06% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,871 | 4.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,808 | 5.38% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,336 | 3.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,078 | 3.88% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,377 | 6.25% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,855 | 4.38% |
| Douglas, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,126 | 5.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against IVY MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 167
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 152 | $49,390,000 | $324,934 | $4,158 | 4.62% |
For 2022, Ivy Mortgage's most frequently originated type of loan was Conventional, with 152 originations.
Loan Reason
For 2022, Ivy Mortgage's most frequently cited loan purpose was Home Purchase, with 121 originations. The 2nd most popular reason was Home Improvement, with 20 originations.
Loan Duration/Length
For 2022, Ivy Mortgage's most frequently cited loan duration was 30 Year, with 115 originations. The 2nd most popular length was 15 Year, with 29 originations.
Origination Fees/Closing Costs
Ivy Mortgage's average total fees were $4,141, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 83 originations.
Interest Rates
During 2022, Ivy Mortgage's average interest rate for loans was 4.80%, while their most frequently originated rate bucket for loans was 4-5%, with 52 originations.
Loan Sizing
2022 saw Ivy Mortgage place emphasis on $200k-400k loans with 87 originations, totaling $24,785,000 in origination value.
Applicant Income
Ivy Mortgage lent most frequently to those with incomes in the $150k-250k range, with 53 originations. The second most popular income band? $100k-150k, with 35 originations.
Applicant Debt to Income Ratio
Ivy Mortgage lent most frequently to those with DTI ratios of 30-36%, with 37 originations. The next most common DTI ratio? 20-30%, with 22 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.57%
Ivy Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination57.89%
Ivy Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 152 | $49,390,000 | $324,934 |