Ivy Mortgage Rates, Fees & Info
ELLICOTT CITY, MDLEI: 5493002G4JO4BZ22MC13
Tax ID: 27-2105834
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Mortgage Data
Overview
Ivy Mortgage is a smaller mortgage company specializing in Refi and Home Purchase loans. Ivy Mortgage has a high proportion of conventional loans. Their top markets include Washington, New York, Baltimore, Seattle, and Houston among others. Ivy Mortgage has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Ivy Mortgage is typically a low fee lendor.Originations
1,361Origination Dollar Volume (All Markets)
$442,695,000Awards
IVY MORTGAGE - 2021
IVY MORTGAGE is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Ivy Mortgage 's average 30 year fixed rate mortgage of loans were
2.92%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.23%.
Relative Fees
Ivy Mortgage 's average total fees for a 30 year fixed rate
mortgage are $2,904.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 190 | $63,360,000 | $333,474 | $2,112 | 2.53% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 150 | $60,870,000 | $405,800 | $3,197 | 2.57% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 189 | $59,345,000 | $313,995 | $2,106 | 2.54% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 65 | $29,155,000 | $448,538 | $2,493 | 2.68% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 98 | $25,470,000 | $259,898 | $3,240 | 2.71% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 71 | $20,175,000 | $284,155 | $2,822 | 2.88% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 63 | $19,475,000 | $309,127 | $3,272 | 2.55% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 48 | $14,730,000 | $306,875 | $3,212 | 2.64% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 36 | $13,770,000 | $382,500 | $2,293 | 2.61% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 48 | $12,070,000 | $251,458 | $3,224 | 2.80% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 25 | $11,595,000 | $463,800 | $2,423 | 2.57% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 24 | $11,420,000 | $475,833 | $2,391 | 2.51% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 31 | $9,615,000 | $310,161 | $3,382 | 2.86% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 25 | $7,695,000 | $307,800 | $2,201 | 2.58% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 17 | $6,845,000 | $402,647 | $2,284 | 2.41% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 24 | $6,340,000 | $264,167 | $2,586 | 2.94% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 28 | $6,080,000 | $217,143 | $2,829 | 3.12% |
| PITTSBURGH, PA (FHA|USDA|VA) | 21 | $5,415,000 | $257,857 | $3,702 | 2.71% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 13 | $5,085,000 | $391,154 | $2,857 | 2.53% |
| RICHMOND, VA (FHA|USDA|VA) | 16 | $4,820,000 | $301,250 | $2,321 | 2.79% |
| KNOXVILLE, TN (FHA|USDA|VA) | 14 | $3,960,000 | $282,857 | $2,580 | 2.55% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 14 | $3,540,000 | $252,857 | $2,837 | 2.83% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 8 | $3,250,000 | $406,250 | $2,387 | 2.45% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 9 | $3,245,000 | $360,556 | $3,148 | 3.18% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 9 | $2,815,000 | $312,778 | $2,605 | 2.78% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 11 | $2,585,000 | $235,000 | $2,504 | 2.99% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 10 | $2,310,000 | $231,000 | $2,393 | 2.78% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 10 | $1,920,000 | $192,000 | $2,886 | 2.79% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 5 | $1,805,000 | $361,000 | $2,470 | 2.73% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 5 | $1,625,000 | $325,000 | $2,739 | 2.78% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 4 | $1,620,000 | $405,000 | $2,861 | 2.63% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 4 | $1,470,000 | $367,500 | $3,755 | 2.44% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $1,405,000 | $281,000 | $2,130 | 2.70% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 5 | $1,395,000 | $279,000 | $2,460 | 2.53% |
| BATON ROUGE, LA (FHA|USDA|VA) | 5 | $1,225,000 | $245,000 | $3,625 | 2.50% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $2,462 | 2.56% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $2,859 | 3.09% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $3,341 | 3.21% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $2,025 | 2.25% |
| WILMINGTON, NC (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $2,244 | 2.29% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $5,005 | 2.67% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $2,663 | 3.19% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $2,371 | 3.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $2,719 | 2.67% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,199 | 3.13% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $2,257 | 3.33% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,704 | 3.38% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $2,473 | 2.94% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $5,136 | 3.38% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $1,944 | 2.50% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,094 | 2.63% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $1,944 | 2.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,828 | 2.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,993 | 2.38% |
| MERCED, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,144 | 2.25% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,166 | 3.63% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,044 | 2.25% |
| Jefferson, GA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,190 | 3.25% |
| ROME, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,104 | 2.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,874 | 3.63% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,904 | 2.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,437 | 2.75% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,290 | 2.13% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,146 | 2.25% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,022 | 3.38% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,244 | 3.38% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,798 | 2.88% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,057 | 3.50% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,323 | 3.63% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,911 | 2.38% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,775 | 2.75% |
| Outside of Metro Areas | 1 | $125,000 | $125,000 | $2,375 | 2.50% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,712 | 2.38% |
Ivy Mortgage 's top markets include Washington, New York, Baltimore, Seattle, and Houston among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,361 | $442,695,000 | $325,272 | $2,685 | 2.66% |
For the 2021 period, Ivy Mortgage 's most frequently originated loan type of loans were Conventional, with 1,361 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 904 | $295,870,000 | $327,290 | $2,269 | 2.52% |
| Home Purchase | 287 | $91,985,000 | $320,505 | $3,773 | 2.91% |
| Cash Out Refi | 170 | $54,840,000 | $322,588 | $3,055 | 2.96% |
For the 2021, Ivy Mortgage 's most frequently cited loan purpose of loans were Refi, with 904 originations. The 2nd most popular reason of loans were Home Purchase, with 287 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 745 | $249,505,000 | $334,906 | $2,904 | 2.92% |
| 15 Year | 495 | $159,075,000 | $321,364 | $2,438 | 2.26% |
| 20 Year | 51 | $15,935,000 | $312,451 | $2,432 | 2.73% |
| 10 Year | 49 | $12,135,000 | $247,653 | $2,272 | 2.25% |
| Other | 21 | $6,045,000 | $287,857 | $2,281 | 3.11% |
For the 2021, Ivy Mortgage 's most frequently cited loan length of loans were 30 Year, with 745 originations. The 2nd most popular length of loans were 15 Year, with 495 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1,234 | $407,450,000 | $330,186 |
| $1k-2k | 85 | $21,525,000 | $253,235 |
| $2k-3k | 30 | $8,390,000 | $279,667 |
| $3k-4k | 11 | $4,765,000 | $433,182 |
| $5k+ | 1 | $565,000 | $565,000 |
$2,904 of loans were Ivy Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,234 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| <2.5% | 619 | $214,725,000 | $346,890 |
| 2.5-3% | 472 | $160,750,000 | $340,572 |
| 3-4% | 270 | $67,220,000 | $248,963 |
During 2021, Ivy Mortgage 's average interest rate of loans were 2.92%, while their most frequently originated rate bucket of loans were <2.5%, with 619 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 716 | $209,920,000 | $293,184 | $2,568 | 2.62% |
| $400k-600k | 356 | $170,210,000 | $478,118 | $2,964 | 2.52% |
| $100k-200k | 251 | $40,425,000 | $161,056 | $2,489 | 2.94% |
| $600k-1MM | 30 | $21,450,000 | $715,000 | $3,883 | 2.73% |
| $100,000 or less | 8 | $690,000 | $86,250 | $2,302 | 2.94% |
2021 saw Ivy Mortgage place emphasis on $200k-400k loans with 716 originations, totaling $209,920,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 471 | $151,445,000 | $321,539 | $2,632 | 2.64% |
| $150k-250k | 467 | $165,525,000 | $354,443 | $2,741 | 2.67% |
| $75k-100k | 194 | $55,050,000 | $283,763 | $2,613 | 2.67% |
| $250k+ | 106 | $42,200,000 | $398,113 | $2,735 | 2.59% |
| $50k-75k | 101 | $24,045,000 | $238,069 | $2,778 | 2.68% |
| $50k or less | 22 | $4,430,000 | $201,364 | $2,568 | 2.74% |
Ivy Mortgage lent most frequently to those with incomes in the $100k-150k range, with 471 originations. The second most popular income band? $150k-250k, with 467 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 394 | $132,950,000 | $337,437 | $2,515 | 2.56% |
| 30-36% | 251 | $81,225,000 | $323,606 | $2,673 | 2.63% |
| <20% | 146 | $41,510,000 | $284,315 | $2,451 | 2.59% |
| 44% | 61 | $20,465,000 | $335,492 | $2,921 | 2.74% |
| 36% | 55 | $20,695,000 | $376,273 | $2,811 | 2.56% |
| 43% | 51 | $17,585,000 | $344,804 | $2,683 | 2.79% |
| 39% | 49 | $15,785,000 | $322,143 | $2,691 | 2.61% |
| 40% | 46 | $15,490,000 | $336,739 | $2,880 | 2.73% |
| 41% | 46 | $14,990,000 | $325,870 | $2,929 | 2.82% |
| 37% | 39 | $13,195,000 | $338,333 | $2,784 | 2.78% |
| 45% | 37 | $12,045,000 | $325,541 | $2,857 | 2.82% |
| 42% | 36 | $10,530,000 | $292,500 | $2,774 | 2.88% |
| 38% | 35 | $10,995,000 | $314,143 | $3,106 | 2.73% |
| 47% | 33 | $10,875,000 | $329,545 | $3,094 | 2.74% |
| 46% | 30 | $8,470,000 | $282,333 | $2,875 | 2.88% |
| 49% | 27 | $8,685,000 | $321,667 | $3,158 | 2.73% |
| 48% | 23 | $6,525,000 | $283,696 | $2,799 | 2.84% |
| 50-60% | 1 | $195,000 | $195,000 | $2,146 | 2.25% |
| >60% | 1 | $485,000 | $485,000 | $2,094 | 2.88% |
Ivy Mortgage lent most frequently to those with DTI ratios of 20-30%, with 394 originations. The next most common DTI ratio? 30-36%, with 251 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Asian | 996 | $329,400,000 | $330,723 | $2,722 | 2.64% |
| Not provided | 275 | $86,885,000 | $315,945 | $2,573 | 2.74% |
| White | 72 | $20,790,000 | $288,750 | $2,683 | 2.65% |
| Black | 17 | $5,295,000 | $311,471 | $2,323 | 2.33% |
| American Indian | 1 | $325,000 | $325,000 | $2,087 | 2.50% |
Approval Rates
Total approvals of all applications99.21%
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 origination88.00%
Ivy Mortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,361 | $442,695,000 | $325,272 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,361 | $442,695,000 | $325,272 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 97 | $24,295,000 | $250,464 | $2,072 | 2.45% |
| 40-60% | 519 | $170,635,000 | $328,776 | $2,386 | 2.52% |
| 60-80% | 680 | $225,170,000 | $331,132 | $2,905 | 2.79% |
| 80-100% | 60 | $21,610,000 | $360,167 | $3,824 | 2.62% |
| Under 20% | 5 | $985,000 | $197,000 | $1,941 | 2.45% |
