Group Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 5493002N80S5V3OY3S68

Tax ID: 38-3922561

5 stars - Updated: 6/22/25 - out of 5 stars, based on 19 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Group Mortgage is a smaller mortgage company specializing in Home Purchase loans. Group Mortgage has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Fort Collins, Greeley, Colorado Springs, Steamboat Springs, and Denver among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Group 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. Group Mortgage is typically an average 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 6.72% 6/22/25
    30 Year Conventional Refi 7.09% 6/22/25
    30 Year Cash-out Refi 6.54% 6/22/25
    30 Year FHA Purchase 7.00% 6/22/25
    30 Year FHA Refi 6.72% 6/22/25
    30 Year VA Purchase 6.29% 6/22/25
    30 Year VA Refi 6.01% 6/22/25
    15 Year Conventional Purchase 5.75% 6/22/25
    15 Year Conventional Refi 6.08% 6/22/25
    15 Year Cash-out Refi 6.08% 6/22/25
    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.

    Group Mortgage Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Group Mortgage. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    369

    Origination Dollar Volume (All Markets)

    $169,115,000

    Awards

    GROUP MORTGAGE 30 Year Conventional Loans bronze GROUP MORTGAGE FHA Loans silver
    Show all (2) awards

    Relative Rate

    Group Mortgage's average 30 year fixed mortgage rate was 6.47%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.08%.

    Relative Fees (Closing Costs)

    Group Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $7,941.

    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 $8,356.

    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
    FORT COLLINS, CO (FHA|USDA|VA) 164 $72,710,000 $443,354 $7,600 6.52%
    GREELEY, CO (FHA|USDA|VA) 65 $28,595,000 $439,923 $7,067 6.39%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 53 $23,905,000 $451,038 $9,376 6.18%
    Steamboat Springs, CO (FHA|USDA|VA) 35 $23,895,000 $682,714 $7,080 7.03%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 14 $6,420,000 $458,571 $10,522 6.73%
    GRAND JUNCTION, CO (FHA|USDA|VA) 21 $5,645,000 $268,810 $7,830 5.95%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $1,695,000 $565,000 $9,863 6.79%
    Breckenridge, CO (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $10,044 6.63%
    Outside of Metro Areas 3 $955,000 $318,333 $6,216 6.29%
    BOULDER, CO (FHA|USDA|VA) 2 $930,000 $465,000 $5,090 6.63%
    Craig, CO (FHA|USDA|VA) 3 $825,000 $275,000 $7,354 7.13%
    Montrose, CO (FHA|USDA|VA) 2 $770,000 $385,000 $8,956 6.81%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $455,000 $455,000 $13,600 5.63%
    CHEYENNE, WY (FHA|USDA|VA) 1 $445,000 $445,000 $4,382 6.25%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $365,000 $365,000 $11,070 6.63%
    Group Mortgage's top markets include Fort Collins, Greeley, Colorado Springs, Steamboat Springs, and Denver among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against GROUP MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 264
    AIR ACADEMY
    Similarity Rank: 406
    Shea Mortgage Inc.
    Similarity Rank: 440
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 532
    ON TAP
    Similarity Rank: 798
    ROCKY MOUNTAIN LAW ENFORCEMENT FCU
    Similarity Rank: 798
    INTEGRITY MORTGAGE & FINANCIAL INCORPORATED
    Similarity Rank: 1085
    South Pacific Financial Corporation
    Similarity Rank: 1665
    Alpine Bank
    Similarity Rank: 1785
    IDEAL HOME LOANS LLC
    Similarity Rank: 1992

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 311 $140,535,000 $451,881 $7,303 6.54%
    VA 45 $23,045,000 $512,111 $8,855 6.14%
    FHA 13 $5,535,000 $425,769 $16,928 6.08%

    For 2024, Group Mortgage's most frequently originated type of loan was Conventional, with 311 originations. Their 2nd most popular type was VA, with 45 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 341 $158,825,000 $465,762 $7,927 6.45%
    Refi 17 $8,385,000 $493,235 $8,073 6.52%
    Other 6 $890,000 $148,333 $4,053 7.92%
    Cash Out Refi 5 $1,015,000 $203,000 $6,755 6.68%

    For 2024, Group Mortgage's most frequently cited loan purpose was Home Purchase, with 341 originations. The 2nd most popular reason was Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 352 $162,580,000 $461,875 $7,941 6.47%
    15 Year 9 $4,345,000 $482,778 $8,565 5.92%
    20 Year 8 $2,190,000 $273,750 $3,354 7.53%

    For 2024, Group Mortgage's most frequently cited loan duration was 30 Year, with 352 originations. The 2nd most popular length was 15 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 172 $83,380,000 $484,767
    $1k-2k 61 $31,355,000 $514,016
    $<1k 52 $21,730,000 $417,885
    $4k-5k 31 $12,645,000 $407,903
    $3k-4k 24 $9,970,000 $415,417
    $2k-3k 15 $5,765,000 $384,333

    Group Mortgage's average total fees were $7,941, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 172 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 208 $99,790,000 $479,760
    7-8% 77 $36,845,000 $478,506
    5-6% 71 $30,985,000 $436,408
    <2.5% 8 $130,000 $16,250
    Over 8% 3 $275,000 $91,667
    4-5% 2 $1,090,000 $545,000

    During 2024, Group Mortgage's average interest rate for loans was 6.47%, while their most frequently originated rate bucket for loans was 6-7%, with 208 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 133 $42,685,000 $320,940 $7,458 6.55%
    $400k-600k 130 $63,440,000 $488,000 $8,972 6.59%
    $600k-1MM 66 $47,730,000 $723,182 $7,825 6.59%
    $100k-200k 18 $2,550,000 $141,667 $4,296 6.96%
    $100,000 or less 13 $465,000 $35,769 $609 2.95%
    $1MM+ 9 $12,245,000 $1,360,556 $13,292 6.97%

    2024 saw Group Mortgage place emphasis on $200k-400k loans with 133 originations, totaling $42,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 116 $60,390,000 $520,603 $8,001 6.65%
    $100k-150k 94 $37,780,000 $401,915 $7,664 6.35%
    $250k+ 60 $42,770,000 $712,833 $8,118 6.78%
    $75k-100k 47 $15,205,000 $323,511 $8,140 6.24%
    $50k-75k 39 $9,785,000 $250,897 $7,325 6.15%
    $50k or less 12 $2,880,000 $240,000 $6,854 6.38%

    Group Mortgage lent most frequently to those with incomes in the $150k-250k range, with 116 originations. The second most popular income band? $100k-150k, with 94 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 71 $33,145,000 $466,831 $8,274 6.46%
    30-36% 48 $23,020,000 $479,583 $6,560 6.63%
    20-30% 47 $20,865,000 $443,936 $6,954 6.62%
    40% 21 $10,185,000 $485,000 $6,906 6.14%
    44% 21 $9,425,000 $448,810 $8,328 6.53%
    42% 18 $7,060,000 $392,222 $7,004 6.17%
    39% 15 $6,885,000 $459,000 $8,011 6.90%
    46% 14 $5,900,000 $421,429 $6,847 6.32%
    49% 14 $5,060,000 $361,429 $6,630 5.92%
    50-60% 13 $7,755,000 $596,538 $12,546 6.22%
    45% 13 $5,795,000 $445,769 $6,246 6.58%
    41% 12 $5,490,000 $457,500 $7,345 6.37%
    38% 12 $5,920,000 $493,333 $9,638 6.55%
    43% 12 $4,530,000 $377,500 $7,781 6.12%
    36% 10 $5,260,000 $526,000 $8,046 7.06%
    48% 10 $4,490,000 $449,000 $8,424 6.80%
    47% 7 $2,705,000 $386,429 $9,780 6.75%
    37% 4 $2,480,000 $620,000 $11,870 6.78%

    Group Mortgage lent most frequently to those with DTI ratios of <20%, with 71 originations. The next most common DTI ratio? 30-36%, with 48 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 284 $131,730,000 $463,838 $7,672 6.52%
    Not provided 66 $29,320,000 $444,242 $8,422 6.36%
    Asian 9 $4,355,000 $483,889 $7,777 6.69%
    Black 3 $1,025,000 $341,667 $13,704 6.37%
    American Indian 2 $840,000 $420,000 $12,768 6.38%
    Asian Indian 2 $720,000 $360,000 $1,733 3.44%
    Other Asian 2 $670,000 $335,000 $3,885 6.43%
    Chinese 1 $455,000 $455,000 $16,800 6.63%

    Approval Rates

    Total approvals of all applications
    99.09%

    Group 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
    75.34%

    Group Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 369 $169,115,000 $458,306

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    369 $169,115,000 $458,306

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $8,020,000 $286,429 $5,367 6.69%
    40-60% 53 $19,215,000 $362,547 $6,897 6.45%
    60-80% 132 $69,780,000 $528,636 $7,770 6.67%
    80-100% 132 $67,970,000 $514,924 $9,185 6.58%
    Over 100% 8 $3,210,000 $401,250 $13,211 6.36%
    Under 20% 16 $920,000 $57,500 $1,504 3.77%