Apl Mortgage Rates, Fees & Info

Laurel, MD

LEI: 54930040I855W2FI0Y80

Tax ID: 52-0651037

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

Jump to:

Mortgage Data

Review & Overview

Apl is a smaller mortgage company specializing in Home Improvement and Other loans. Apl has an average proportion of conventional loans. Their top markets by origination volume include: Baltimore, Washington, York, and Hagerstown among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

Apl 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.

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
Home Equity Line of Credit (HELOC) 5.86% 10/31/24
15 Year Conventional Refi 7.10% 10/31/24
15 Year Cash-out Refi 7.10% 10/31/24
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.

Apl Mortgage Calculator






Your Estimates

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

This is not an official calculator from Apl. 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

126

Origination Dollar Volume (All Markets)

$10,190,000

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
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 92 $7,790,000 $84,674 $173 3.51%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 21 $1,455,000 $69,286 $199 3.64%
Outside of Metro Areas 9 $735,000 $81,667 $0 3.22%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $120,000 $60,000 $0 3.25%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $90,000 $45,000 $0 3.25%
Apl's top markets include Baltimore, Washington, York, and Hagerstown among others.

Their top states include:
  • Maryland (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Similar Lenders

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

    POINT BREEZE
    Similarity Rank: 477
    Securityplus FCU
    Similarity Rank: 736
    Kwik Mortgage Corporation
    Similarity Rank: 1180
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1300
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 1344
    ACNB Bank
    Similarity Rank: 1350
    Mid-Atlantic Federal Credit Union
    Similarity Rank: 1394
    JAMS-01, INC.
    Similarity Rank: 1428
    Congressional Bank
    Similarity Rank: 1988

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 98 $8,550,000 $87,245 n/a 3.25%
    Conventional 28 $1,640,000 $58,571 $171 4.40%

    For 2021, Apl's most frequently originated type of loan was HELOC, with 98 originations. Their 2nd most popular type was Conventional, with 28 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 72 $6,000,000 $83,333 $164 3.43%
    Other 42 $3,240,000 $77,143 $174 3.50%
    Home Purchase 5 $495,000 $99,000 $233 3.95%
    Refi 4 $210,000 $52,500 $129 3.81%
    Cash Out Refi 3 $245,000 $81,667 $202 4.16%

    For 2021, Apl's most frequently cited loan purpose was Home Improvement, with 72 originations. The 2nd most popular reason was Other, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30+ year 98 $8,550,000 $87,245 $0 3.25%
    10 Year 7 $485,000 $69,286 $186 4.49%
    15 Year 6 $290,000 $48,333 $193 4.99%
    3 Year 6 $190,000 $31,667 $125 2.99%
    Other 5 $175,000 $35,000 $133 3.99%
    20 Year 4 $500,000 $125,000 $232 5.99%

    For 2021, Apl's most frequently cited loan duration was 30+ year, with 98 originations. The 2nd most popular length was 10 Year, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 28 $1,640,000 $58,571

    Apl's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 28 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 103 $8,725,000 $84,709
    4-5% 13 $775,000 $59,615
    2.5-3% 6 $190,000 $31,667
    5-6% 4 $500,000 $125,000

    During 2021, Apl's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 103 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 85 $4,225,000 $49,706 $161 3.54%
    $100k-200k 30 $3,710,000 $123,667 $231 3.42%
    $200k-400k 11 $2,255,000 $205,000 $238 3.50%

    2021 saw Apl place emphasis on $100,000 or less loans with 85 originations, totaling $4,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 42 $3,410,000 $81,190 $202 3.33%
    $100k-150k 33 $2,095,000 $63,485 $157 3.60%
    $250k+ 25 $3,085,000 $123,400 $131 3.34%
    $75k-100k 14 $1,020,000 $72,857 $199 3.80%
    $50k-75k 8 $430,000 $53,750 $179 4.03%
    $50k or less 3 $115,000 $38,333 $150 3.83%

    Apl lent most frequently to those with incomes in the $150k-250k range, with 42 originations. The second most popular income band? $100k-150k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 26 $2,410,000 $92,692 $173 3.33%
    30-36% 25 $1,735,000 $69,400 $205 3.42%
    <20% 13 $1,595,000 $122,692 $213 3.35%
    50-60% 10 $770,000 $77,000 $179 3.82%
    >60% 8 $450,000 $56,250 $75 3.31%
    48% 6 $650,000 $108,333 $238 3.71%
    40% 5 $175,000 $35,000 $150 4.04%
    37% 5 $385,000 $77,000 $150 3.40%
    39% 5 $435,000 $87,000 $213 3.80%
    42% 4 $230,000 $57,500 $152 3.81%
    38% 4 $340,000 $85,000 $194 4.12%
    46% 4 $250,000 $62,500 $0 3.25%
    41% 4 $400,000 $100,000 $0 3.25%
    44% 2 $90,000 $45,000 $0 3.25%
    47% 2 $60,000 $30,000 $150 4.12%
    36% 1 $95,000 $95,000 $0 3.25%
    45% 1 $85,000 $85,000 $245 4.49%

    Apl lent most frequently to those with DTI ratios of 20-30%, with 26 originations. The next most common DTI ratio? 30-36%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 84 $6,830,000 $81,310 $173 3.57%
    Not provided 19 $1,495,000 $78,684 $150 3.24%
    Asian 8 $760,000 $95,000 $108 3.31%
    Black 9 $485,000 $53,889 $238 3.86%
    Korean 1 $205,000 $205,000 $0 3.25%
    Other Asian 1 $145,000 $145,000 $0 3.25%
    Vietnamese 1 $115,000 $115,000 $0 3.25%
    American Indian 1 $65,000 $65,000 $0 3.25%
    Native Hawaiian or Islander 1 $55,000 $55,000 $0 3.25%
    Not applicable 1 $35,000 $35,000 $150 2.99%

    Approval Rates

    Total approvals of all applications
    94.56%

    Apl has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.68%

    Apl has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 126 $10,190,000 $80,873

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    126 $10,190,000 $80,873

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $3,915,000 $156,600 $230 3.52%
    Under 20% 101 $6,275,000 $62,129 $164 3.50%