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: Washington, New York, Atlanta, Baltimore, and Seattle among others. We have data for 11 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. 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% | 4/18/24 |
| 30 Year Conventional Refi | 6.39% | 4/18/24 |
| 15 Year Conventional Purchase | 5.86% | 4/18/24 |
| 15 Year Conventional Refi | 5.83% | 4/18/24 |
| 15 Year Cash-out Refi | 5.83% | 4/18/24 |
| 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
13Origination Dollar Volume (All Markets)
$3,525,000Top 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $4,187 | 4.63% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,250 | 4.63% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,229 | 4.25% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,397 | 5.44% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,211 | 4.38% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,035 | 4.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,252 | 4.63% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,530 | 5.19% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,816 | 5.25% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,518 | 5.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,212 | 4.75% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 13 | $3,525,000 | $271,154 | $3,736 | 4.85% |
For 2018, Ivy Mortgage's most frequently originated type of loan was Conventional, with 13 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 11 | $3,145,000 | $285,909 | $3,979 | 4.74% |
| Home Improvement | 2 | $380,000 | $190,000 | $2,397 | 5.44% |
For 2018, Ivy Mortgage's most frequently cited loan purpose was Home Purchase, with 11 originations. The 2nd most popular reason was Home Improvement, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 13 | $3,525,000 | $271,154 | $3,736 | 4.85% |
For 2018, Ivy Mortgage's most frequently cited loan duration was 30 Year, with 13 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 7 | $1,775,000 | $253,571 |
| $1k-2k | 5 | $1,485,000 | $297,000 |
| $2k-3k | 1 | $265,000 | $265,000 |
Ivy Mortgage's average total fees were $3,736, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 7 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 8 | $2,730,000 | $341,250 |
| 5-6% | 5 | $795,000 | $159,000 |
During 2018, Ivy Mortgage's average interest rate for loans was 4.85%, while their most frequently originated rate bucket for loans was 4-5%, with 8 originations.
Loan Sizing
2018 saw Ivy Mortgage place emphasis on $100k-200k loans with 6 originations, totaling $890,000 in origination value.
Applicant Income
Ivy Mortgage lent most frequently to those with incomes in the $100k-150k range, with 5 originations. The second most popular income band? $50k-75k, with 3 originations.
Applicant Debt to Income Ratio
Ivy Mortgage lent most frequently to those with DTI ratios of 30-36%, with 3 originations. The next most common DTI ratio? 20-30%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Asian | 13 | $3,525,000 | $271,154 | $3,736 | 4.85% |
Approval Rates
Total approvals of all applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 13 | $3,525,000 | $271,154 |