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 Refi and Home Purchase loans. Ivy Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, New York, Washington, Baltimore, and Houston among others. We have data for 52 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 an above 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.43% | 4/21/24 |
| 30 Year Conventional Refi | 6.39% | 4/21/24 |
| 15 Year Conventional Purchase | 5.86% | 4/21/24 |
| 15 Year Conventional Refi | 5.83% | 4/21/24 |
| 15 Year Cash-out Refi | 5.83% | 4/21/24 |
| 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
897Origination Dollar Volume (All Markets)
$308,125,000Awards
IVY MORTGAGE - 2019
IVY MORTGAGE is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 107 | $48,475,000 | $453,037 | $2,906 | 3.80% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 113 | $42,335,000 | $374,646 | $3,313 | 3.56% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 105 | $36,965,000 | $352,048 | $2,285 | 3.68% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 112 | $34,730,000 | $310,089 | $2,225 | 3.69% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 55 | $13,145,000 | $239,000 | $3,604 | 3.66% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 26 | $12,250,000 | $471,154 | $3,328 | 3.54% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 40 | $12,090,000 | $302,250 | $3,569 | 3.71% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 22 | $10,700,000 | $486,364 | $2,915 | 3.71% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 19 | $10,135,000 | $533,421 | $2,701 | 3.63% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 28 | $9,170,000 | $327,500 | $3,743 | 3.93% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 32 | $9,120,000 | $285,000 | $3,298 | 3.38% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 22 | $7,780,000 | $353,636 | $2,576 | 3.68% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 27 | $7,155,000 | $265,000 | $3,774 | 3.89% |
| RICHMOND, VA (FHA|USDA|VA) | 22 | $6,100,000 | $277,273 | $2,727 | 3.88% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 13 | $5,325,000 | $409,615 | $2,533 | 3.43% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 15 | $4,585,000 | $305,667 | $2,622 | 3.90% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 14 | $3,340,000 | $238,571 | $3,393 | 3.84% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 13 | $3,055,000 | $235,000 | $3,439 | 4.31% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 7 | $3,015,000 | $430,714 | $2,536 | 3.41% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 10 | $2,780,000 | $278,000 | $3,554 | 4.08% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 8 | $2,570,000 | $321,250 | $2,348 | 3.33% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 6 | $1,940,000 | $323,333 | $2,046 | 3.44% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $1,865,000 | $621,667 | $3,604 | 3.71% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 6 | $1,530,000 | $255,000 | $2,435 | 3.83% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 5 | $1,485,000 | $297,000 | $3,725 | 3.73% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $3,091 | 3.38% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 8 | $1,240,000 | $155,000 | $2,671 | 4.02% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 6 | $1,120,000 | $186,667 | $2,881 | 4.29% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $3,445 | 4.19% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $3,105 | 3.42% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $2,993 | 3.93% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $2,395 | 3.71% |
| PITTSBURGH, PA (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $3,184 | 3.84% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $2,755 | 4.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $3,156 | 3.97% |
| BATON ROUGE, LA (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $4,123 | 3.13% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $2,328 | 3.06% |
| GAINESVILLE, FL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $2,690 | 3.63% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $2,436 | 3.25% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,438 | 3.38% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,496 | 4.50% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,448 | 3.50% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,013 | 4.00% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,260 | 3.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,910 | 3.88% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,680 | 2.88% |
| ROME, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,687 | 4.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,630 | 3.88% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,333 | 3.50% |
| MERCED, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,465 | 4.38% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,479 | 3.38% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,305 | 3.50% |
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 897 | $308,125,000 | $343,506 | $2,940 | 3.70% |
For 2019, Ivy Mortgage's most frequently originated type of loan was Conventional, with 897 originations.
Loan Reason
For 2019, Ivy Mortgage's most frequently cited loan purpose was Refi, with 491 originations. The 2nd most popular reason was Home Purchase, with 369 originations.
Loan Duration/Length
For 2019, Ivy Mortgage's most frequently cited loan duration was 30 Year, with 613 originations. The 2nd most popular length was 15 Year, with 265 originations.
Origination Fees/Closing Costs
Ivy Mortgage's average total fees were $3,049, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 821 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 615 | $222,055,000 | $361,065 |
| 4-5% | 186 | $53,360,000 | $286,882 |
| 2.5-3% | 87 | $30,275,000 | $347,989 |
| 5-6% | 9 | $2,435,000 | $270,556 |
During 2019, Ivy Mortgage's average interest rate for loans was 3.88%, while their most frequently originated rate bucket for loans was 3-4%, with 615 originations.
Loan Sizing
2019 saw Ivy Mortgage place emphasis on $200k-400k loans with 434 originations, totaling $132,710,000 in origination value.
Applicant Income
Ivy Mortgage lent most frequently to those with incomes in the $100k-150k range, with 348 originations. The second most popular income band? $150k-250k, with 223 originations.
Applicant Debt to Income Ratio
Ivy Mortgage lent most frequently to those with DTI ratios of 20-30%, with 193 originations. The next most common DTI ratio? 30-36%, with 181 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.79%
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 origination94.54%
Ivy Mortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 897 | $308,125,000 | $343,506 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 897 | $308,125,000 | $343,506 |