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

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  • 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, 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.

    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

    164

    Origination Dollar Volume (All Markets)

    $21,990,000

    Awards

    APL 30 Year Conventional Loans silver APL 30 Year Conventional Loans silver 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) 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%
    Apl's top markets include Baltimore, Washington, East Stroudsburg, Salisbury, and Orlando among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Florida (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.

    The Glen Burnie Mutual Savings Bank
    Similarity Rank: 218
    POINT BREEZE
    Similarity Rank: 270
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 444
    APL
    Similarity Rank: 605
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 612
    EDUCATIONAL SYSTEMS
    Similarity Rank: 714
    ACNB Bank
    Similarity Rank: 840
    PEOPLESBANK, A CODORUS VALLEY COMPANY
    Similarity Rank: 1833
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 2088
    MILLENNIUM FINANCIAL GROUP, INC.
    Similarity Rank: 2702

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 71 $3,045,000 $42,887 $317 3.97%
    Home Purchase 26 $4,810,000 $185,000 $2,254 3.77%
    Other 26 $1,930,000 $74,231 $512 4.05%
    Cash Out Refi 25 $7,375,000 $295,000 $2,477 3.58%
    Refi 16 $4,830,000 $301,875 $3,063 3.48%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 83 $3,315,000 $39,940 $225 4.27%
    30 Year 27 $8,785,000 $325,370 $2,965 3.82%
    15 Year 23 $6,025,000 $261,957 $3,164 3.18%
    3 Year 21 $665,000 $31,667 $230 2.99%
    20 Year 9 $2,945,000 $327,222 $2,941 3.76%
    10 Year 1 $255,000 $255,000 $2,546 3.13%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 149 $18,305,000 $122,852
    $1k-2k 10 $2,080,000 $208,000
    $2k-3k 2 $410,000 $205,000
    $4k-5k 2 $710,000 $355,000
    $3k-4k 1 $485,000 $485,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 104 $3,980,000 $38,269 $226 4.01%
    $200k-400k 37 $10,915,000 $295,000 $2,927 3.52%
    $100k-200k 12 $1,840,000 $153,333 $3,145 3.59%
    $400k-600k 11 $5,255,000 $477,727 $3,257 3.64%

    2019 saw Apl place emphasis on $100,000 or less loans with 104 originations, totaling $3,980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 56 $8,190,000 $146,250 $1,385 3.86%
    $100k-150k 47 $6,935,000 $147,553 $1,467 3.77%
    $250k+ 23 $2,875,000 $125,000 $788 3.83%
    $50k-75k 16 $1,130,000 $70,625 $715 4.13%
    $75k-100k 15 $1,805,000 $120,333 $1,385 3.67%
    $50k or less 3 $95,000 $31,667 $233 4.19%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 57 $7,925,000 $139,035 $1,383 3.88%
    30-36% 28 $3,400,000 $121,429 $1,168 3.85%
    <20% 27 $4,385,000 $162,407 $1,612 3.65%
    50-60% 7 $965,000 $137,857 $1,055 3.87%
    41% 6 $730,000 $121,667 $649 4.09%
    42% 6 $760,000 $126,667 $1,110 3.93%
    37% 5 $755,000 $151,000 $1,667 3.97%
    38% 4 $370,000 $92,500 $717 4.36%
    40% 4 $380,000 $95,000 $712 3.59%
    39% 3 $415,000 $138,333 $1,093 3.12%
    47% 3 $105,000 $35,000 $235 3.86%
    44% 2 $210,000 $105,000 $1,388 4.05%
    >60% 2 $100,000 $50,000 $232 3.99%
    36% 2 $60,000 $30,000 $235 3.99%
    43% 2 $390,000 $195,000 $1,161 3.75%
    48% 1 $55,000 $55,000 $235 4.60%
    49% 1 $25,000 $25,000 $235 3.99%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 108 $14,870,000 $137,685 $1,303 3.83%
    Not provided 31 $4,805,000 $155,000 $1,256 3.86%
    Black 15 $1,365,000 $91,000 $1,214 4.00%
    American Indian 1 $355,000 $355,000 $2,649 3.13%
    Asian 6 $270,000 $45,000 $234 4.01%
    Asian Indian 2 $270,000 $135,000 $1,606 2.93%
    Other Asian 1 $55,000 $55,000 $235 3.99%

    Approval Rates

    Total approvals of all applications
    92.67%

    Apl has an average approval rate.

    Pick Rate

    Approvals leading to origination
    98.17%

    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

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $1,390,000 $139,000 $2,155 3.65%
    40-60% 10 $2,740,000 $274,000 $2,785 3.36%
    60-80% 32 $10,270,000 $320,938 $2,946 3.67%
    80-100% 9 $2,885,000 $320,556 $3,491 3.54%
    Under 20% 99 $3,745,000 $37,828 $226 4.00%