Apl Mortgage Rates, Fees & Info
Laurel, MDLEI: 54930040I855W2FI0Y80
Tax ID: 52-0651037
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Mortgage Data
Review & Overview
Apl is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. Apl has a high proportion of conventional loans. Their top markets by origination volume include: Baltimore, Washington, East Stroudsburg, Salisbury, and Orlando among others. We have data for 11 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.86% | 4/28/24 |
| 15 Year Conventional Refi | 7.10% | 4/28/24 |
| 15 Year Cash-out Refi | 7.10% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
164Origination Dollar Volume (All Markets)
$21,990,000Awards
APL - 2019
APL 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 |
|---|---|---|---|---|---|
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 127 | $17,585,000 | $138,465 | $1,321 | 3.80% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 22 | $3,440,000 | $156,364 | $952 | 3.96% |
| Outside of Metro Areas | 2 | $340,000 | $170,000 | $3,542 | 3.69% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,088 | 4.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $115,000 | $38,333 | $398 | 4.08% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,657 | 3.13% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $235 | 4.30% |
| Easton, MD (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $235 | 4.43% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $235 | 3.99% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $117 | 4.12% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $235 | 3.99% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 164 | $21,990,000 | $134,085 | $1,252 | 3.84% |
For 2019, Apl's most frequently originated type of loan was Conventional, with 164 originations.
Loan Reason
For 2019, Apl's most frequently cited loan purpose was Home Improvement, with 71 originations. The 2nd most popular reason was Home Purchase, with 26 originations.
Loan Duration/Length
For 2019, Apl's most frequently cited loan duration was Other, with 83 originations. The 2nd most popular length was 30 Year, with 27 originations.
Origination Fees/Closing Costs
Apl's average total fees were $2,965, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 149 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 80 | $13,930,000 | $174,125 |
| 4-5% | 54 | $4,760,000 | $88,148 |
| 2.5-3% | 30 | $3,300,000 | $110,000 |
During 2019, Apl's average interest rate for loans was 3.82%, while their most frequently originated rate bucket for loans was 3-4%, with 80 originations.
Loan Sizing
2019 saw Apl place emphasis on $100,000 or less loans with 104 originations, totaling $3,980,000 in origination value.
Applicant Income
Apl lent most frequently to those with incomes in the $150k-250k range, with 56 originations. The second most popular income band? $100k-150k, with 47 originations.
Applicant Debt to Income Ratio
Apl lent most frequently to those with DTI ratios of 20-30%, with 57 originations. The next most common DTI ratio? 30-36%, with 28 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.67%
Apl has an average approval rate.
Pick Rate
Approvals leading to origination98.17%
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 | 164 | $21,990,000 | $134,085 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 164 | $21,990,000 | $134,085 |