Delmar Financial Company Mortgage Rates, Fees & Info
St. Louis, MOLEI: 5493004T9SQFCNRQ2L76
Tax ID: 43-0889809
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Mortgage Data
Review & Overview
Delmar Financial Company is a smaller mortgage company specializing in Home Purchase loans. Delmar Financial Company has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Kansas City, Omaha, Gulfport, and Lincoln among others. We have data for 67 markets. (Some data included below & more in-depth data is available with an active subscription.)Delmar Financial Company 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. Delmar Financial Company 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.80% | 11/21/24 |
| 30 Year Conventional Refi | 6.61% | 11/21/24 |
| 30 Year Cash-out Refi | 6.81% | 11/21/24 |
| 30 Year FHA Purchase | 7.52% | 11/21/24 |
| 30 Year FHA Refi | 7.23% | 11/21/24 |
| 30 Year VA Purchase | 6.41% | 11/21/24 |
| 30 Year VA Refi | 6.26% | 11/21/24 |
| 30 Year USDA Purchase | 6.92% | 11/21/24 |
| 15 Year Conventional Purchase | 6.35% | 11/21/24 |
| 15 Year Conventional Refi | 6.09% | 11/21/24 |
| 15 Year Cash-out Refi | 6.09% | 11/21/24 |
| 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. | ||
Delmar Financial Company Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,562Origination Dollar Volume (All Markets)
$314,270,000Awards
DELMAR FINANCIAL COMPANY - 2018
DELMAR FINANCIAL COMPANY is a 2018 , due to their low .
For 2018, 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 845 | $181,875,000 | $215,237 | $3,799 | 4.72% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 113 | $22,395,000 | $198,186 | $3,219 | 4.77% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 102 | $17,320,000 | $169,804 | $3,522 | 4.78% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 103 | $14,245,000 | $138,301 | $4,778 | 4.79% |
| LINCOLN, NE (FHA|USDA|VA) | 54 | $8,800,000 | $162,963 | $3,455 | 4.68% |
| WICHITA, KS (FHA|USDA|VA) | 55 | $8,485,000 | $154,273 | $4,537 | 5.21% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 31 | $8,225,000 | $265,323 | $4,774 | 4.25% |
| Outside of Metro Areas | 40 | $7,360,000 | $184,000 | $4,080 | 4.92% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 36 | $6,560,000 | $182,222 | $5,272 | 4.82% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 20 | $5,000,000 | $250,000 | $5,313 | 4.13% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 29 | $4,865,000 | $167,759 | $5,722 | 4.96% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 19 | $4,735,000 | $249,211 | $4,927 | 4.32% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $1,640,000 | $273,333 | $5,784 | 4.13% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 7 | $1,295,000 | $185,000 | $2,747 | 5.04% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $1,285,000 | $257,000 | $4,646 | 4.48% |
| COLUMBIA, MO (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $3,309 | 4.80% |
| TULSA, OK (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $5,182 | 4.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $3,478 | 4.29% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $4,226 | 4.08% |
| Hannibal, MO (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $3,590 | 5.25% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $4,652 | 4.17% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $6,776 | 4.56% |
| Quincy, IL-MO (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $3,294 | 5.44% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $3,933 | 4.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $4,026 | 4.25% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $3,192 | 4.54% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $4,836 | 3.81% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $6,377 | 4.31% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $3,730 | 4.29% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $2,789 | 4.38% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $2,837 | 4.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,730 | 4.44% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,152 | 4.38% |
| LAWRENCE, KS (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,237 | 4.25% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,024 | 4.75% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,511 | 4.25% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $6,749 | 4.88% |
| Beatrice, NE (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $4,380 | 4.79% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,145 | 5.19% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $7,164 | 4.38% |
| HAMMOND, LA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,045 | 5.06% |
| AMES, IA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,869 | 5.00% |
| Picayune, MS (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $2,796 | 5.17% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,785 | 4.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,396 | 3.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,971 | 4.69% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,642 | 4.13% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,229 | 4.38% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,887 | 3.50% |
| MOBILE, AL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,777 | 4.38% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,051 | 3.63% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,836 | 4.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,973 | 4.50% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,570 | 4.63% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,159 | 4.63% |
| Granbury, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,838 | 4.00% |
| Lebanon, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,081 | 3.88% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,854 | 4.50% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,089 | 4.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,201 | 4.50% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $2,415 | 4.56% |
| TYLER, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,787 | 4.88% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $25 | 5.63% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,895 | 4.38% |
| Hutchinson, KS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,604 | 5.50% |
| Farmington, MO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,005 | 6.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against DELMAR FINANCIAL COMPANY 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
For 2018, Delmar Financial Company's most frequently originated type of loan was Conventional, with 924 originations. Their 2nd most popular type was FHA, with 403 originations.
Loan Reason
For 2018, Delmar Financial Company's most frequently cited loan purpose was Home Purchase, with 1,305 originations. The 2nd most popular reason was Cash Out Refi, with 148 originations.
Loan Duration/Length
For 2018, Delmar Financial Company's most frequently cited loan duration was 30 Year, with 1,419 originations. The 2nd most popular length was 15 Year, with 117 originations.
Origination Fees/Closing Costs
Delmar Financial Company's average total fees were $4,044, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 916 originations.
Interest Rates
During 2018, Delmar Financial Company's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 4-5%, with 1,030 originations.
Loan Sizing
2018 saw Delmar Financial Company place emphasis on $100k-200k loans with 720 originations, totaling $107,720,000 in origination value.
Applicant Income
Delmar Financial Company lent most frequently to those with incomes in the $50k-75k range, with 412 originations. The second most popular income band? $50k or less, with 347 originations.
Applicant Debt to Income Ratio
Delmar Financial Company lent most frequently to those with DTI ratios of 20-30%, with 303 originations. The next most common DTI ratio? 30-36%, with 265 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.74%
Delmar Financial Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination65.17%
Delmar Financial Company has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,562 | $314,270,000 | $201,197 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 9 | $1,095,000 | $121,667 |
| Single Family (1-4 Units):Site-Built | 1,553 | $313,175,000 | $201,658 |