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:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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

    Apl is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Apl has a high proportion of conventional loans. Their top two markets are Baltimore and Washington .

    Apl 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. Apl 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
    Home Equity Line of Credit (HELOC) 5.86% 12/16/24
    15 Year Conventional Refi 7.10% 12/16/24
    15 Year Cash-out Refi 7.10% 12/16/24
    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

    140

    Origination Dollar Volume (All Markets)

    $21,360,000

    Awards

    APL 30 Year Conventional Loans gold APL 30 Year Conventional Loans gold APL 30 Year Conventional Loans gold
    Show all (3) awards

    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) 119 $19,015,000 $159,790 $1,253 4.05%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 21 $2,345,000 $111,667 $936 3.98%
    Apl's top markets include Baltimore and Washington among others.

    Their top states include:
  • Maryland (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.

    APL
    Similarity Rank: 32
    The Glen Burnie Mutual Savings Bank
    Similarity Rank: 54
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 126
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 126
    POINT BREEZE
    Similarity Rank: 252
    EDUCATIONAL SYSTEMS
    Similarity Rank: 495
    Poli Mortgage Group, Inc.
    Similarity Rank: 504
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614
    ACNB Bank
    Similarity Rank: 684
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED
    Similarity Rank: 1748

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 140 $21,360,000 $152,571 $1,205 4.04%

    For 2018, Apl's most frequently originated type of loan was Conventional, with 140 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 53 $2,235,000 $42,170 $262 4.05%
    Other 31 $2,795,000 $90,161 $766 4.19%
    Home Purchase 28 $7,430,000 $265,357 $2,592 4.10%
    Cash Out Refi 20 $6,000,000 $300,000 $1,962 3.84%
    Refi 8 $2,900,000 $362,500 $2,407 3.73%

    For 2018, Apl's most frequently cited loan purpose was Home Improvement, with 53 originations. The 2nd most popular reason was Other, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 71 $2,735,000 $38,521 $214 4.30%
    30 Year 45 $15,895,000 $353,222 $2,661 3.92%
    3 Year 13 $345,000 $26,538 $216 2.99%
    15 Year 8 $1,360,000 $170,000 $2,801 4.03%
    20 Year 3 $1,025,000 $341,667 $2,842 4.33%

    For 2018, Apl's most frequently cited loan duration was Other, with 71 originations. The 2nd most popular length was 30 Year, with 45 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 138 $20,610,000 $149,348
    $2k-3k 1 $285,000 $285,000
    $5k+ 1 $465,000 $465,000

    Apl's average total fees were $2,661, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 138 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 64 $7,150,000 $111,719
    3-4% 63 $13,865,000 $220,079
    2.5-3% 13 $345,000 $26,538

    During 2018, Apl's average interest rate for loans was 3.92%, while their most frequently originated rate bucket for loans was 4-5%, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 85 $3,175,000 $37,353 $235 4.09%
    $200k-400k 29 $8,685,000 $299,483 $2,453 3.96%
    $100k-200k 11 $1,835,000 $166,818 $2,632 4.05%
    $400k-600k 11 $5,085,000 $462,273 $3,339 3.95%
    $600k-1MM 4 $2,580,000 $645,000 $2,968 3.69%

    2018 saw Apl place emphasis on $100,000 or less loans with 85 originations, totaling $3,175,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 49 $8,765,000 $178,878 $1,412 3.89%
    $100k-150k 43 $6,365,000 $148,023 $1,105 4.08%
    $75k-100k 23 $2,685,000 $116,739 $1,109 4.29%
    $50k-75k 13 $1,485,000 $114,231 $1,036 4.10%
    $250k+ 9 $1,975,000 $219,444 $1,384 3.87%
    $50k or less 3 $85,000 $28,333 $199 4.28%

    Apl lent most frequently to those with incomes in the $150k-250k range, with 49 originations. The second most popular income band? $100k-150k, with 43 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 55 $9,315,000 $169,364 $1,439 3.95%
    <20% 22 $2,330,000 $105,909 $1,036 4.04%
    30-36% 16 $1,510,000 $94,375 $656 4.03%
    50-60% 6 $1,130,000 $188,333 $1,129 4.24%
    40% 6 $1,090,000 $181,667 $997 3.93%
    >60% 4 $830,000 $207,500 $1,727 4.03%
    36% 4 $1,140,000 $285,000 $2,819 4.03%
    42% 4 $690,000 $172,500 $1,069 4.11%
    43% 4 $400,000 $100,000 $911 4.05%
    37% 3 $75,000 $25,000 $230 4.40%
    49% 3 $545,000 $181,667 $1,337 4.20%
    39% 3 $435,000 $145,000 $952 4.57%
    46% 3 $755,000 $251,667 $1,087 4.11%
    47% 2 $60,000 $30,000 $230 4.43%
    44% 2 $300,000 $150,000 $1,304 4.11%
    48% 1 $35,000 $35,000 $230 4.60%
    45% 1 $665,000 $665,000 $3,115 3.63%
    38% 1 $55,000 $55,000 $185 3.99%

    Apl lent most frequently to those with DTI ratios of 20-30%, with 55 originations. The next most common DTI ratio? <20%, with 22 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 102 $15,800,000 $154,902 $1,279 4.07%
    Not provided 23 $4,795,000 $208,478 $1,413 3.94%
    Black 7 $415,000 $59,286 $574 4.23%
    Asian 6 $260,000 $43,333 $215 4.03%
    Chinese 1 $55,000 $55,000 $230 2.99%
    Asian Indian 1 $35,000 $35,000 $230 2.99%

    Approval Rates

    Total approvals of all applications
    95.60%

    Apl 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
    97.86%

    Apl has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 140 $21,360,000 $152,571

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 140 $21,360,000 $152,571

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $1,310,000 $163,750 $1,631 3.86%
    40-60% 13 $3,875,000 $298,077 $2,472 3.93%
    60-80% 24 $8,880,000 $370,000 $2,870 3.93%
    80-100% 14 $4,380,000 $312,857 $2,659 4.06%
    Under 20% 81 $2,915,000 $35,988 $215 4.11%