Ivy Mortgage Rates, Fees & Info

ELLICOTT CITY, MD

LEI: 5493002G4JO4BZ22MC13

Tax ID: 27-2105834

5 stars - out of 5 stars, based on 37 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

1,361

Origination Dollar Volume (All Markets)

$442,695,000
Show all (27) awards

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 applications
99.21%

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 origination
88.00%

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%