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 and Refi 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 Chicago among others. We have data for 105 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% | 4/22/24 |
| 30 Year Conventional Refi | 6.61% | 4/22/24 |
| 30 Year Cash-out Refi | 6.81% | 4/22/24 |
| 30 Year FHA Purchase | 7.52% | 4/22/24 |
| 30 Year FHA Refi | 7.23% | 4/22/24 |
| 30 Year VA Purchase | 6.41% | 4/22/24 |
| 30 Year VA Refi | 6.26% | 4/22/24 |
| 30 Year USDA Purchase | 6.92% | 4/22/24 |
| 15 Year Conventional Purchase | 6.35% | 4/22/24 |
| 15 Year Conventional Refi | 6.09% | 4/22/24 |
| 15 Year Cash-out Refi | 6.09% | 4/22/24 |
| 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
2,835Origination Dollar Volume (All Markets)
$612,485,000Awards
DELMAR FINANCIAL COMPANY - 2019
DELMAR FINANCIAL COMPANY 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1,188 | $280,370,000 | $236,002 | $3,441 | 4.09% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 282 | $69,360,000 | $245,957 | $3,254 | 4.17% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 230 | $42,030,000 | $182,739 | $3,758 | 4.14% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 204 | $28,620,000 | $140,294 | $5,560 | 4.24% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 47 | $16,245,000 | $345,638 | $3,749 | 3.63% |
| WICHITA, KS (FHA|USDA|VA) | 98 | $14,630,000 | $149,286 | $3,998 | 4.55% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 64 | $13,830,000 | $216,094 | $6,326 | 4.26% |
| Outside of Metro Areas | 84 | $12,430,000 | $147,976 | $4,267 | 4.28% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 57 | $11,745,000 | $206,053 | $4,529 | 3.91% |
| LINCOLN, NE (FHA|USDA|VA) | 52 | $10,370,000 | $199,423 | $3,284 | 4.27% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 54 | $8,870,000 | $164,259 | $5,665 | 4.60% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 32 | $8,800,000 | $275,000 | $4,656 | 3.75% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 43 | $7,145,000 | $166,163 | $3,856 | 4.58% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 22 | $7,020,000 | $319,091 | $5,131 | 3.74% |
| Albertville, AL (FHA|USDA|VA) | 43 | $6,615,000 | $153,837 | $4,136 | 4.20% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 21 | $5,645,000 | $268,810 | $4,746 | 3.80% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 31 | $5,445,000 | $175,645 | $4,966 | 4.02% |
| Quincy, IL-MO (FHA|USDA|VA) | 37 | $4,865,000 | $131,486 | $4,285 | 4.70% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 15 | $3,855,000 | $257,000 | $4,519 | 3.97% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 11 | $3,245,000 | $295,000 | $4,306 | 3.80% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 9 | $2,805,000 | $311,667 | $4,589 | 3.51% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 11 | $2,685,000 | $244,091 | $4,621 | 3.94% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 8 | $2,400,000 | $300,000 | $5,100 | 3.81% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 8 | $2,290,000 | $286,250 | $4,599 | 3.50% |
| COLUMBUS, OH (FHA|USDA|VA) | 9 | $2,275,000 | $252,778 | $4,799 | 3.68% |
| Picayune, MS (FHA|USDA|VA) | 12 | $2,010,000 | $167,500 | $5,359 | 4.08% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 7 | $1,875,000 | $267,857 | $4,219 | 3.84% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $1,855,000 | $371,000 | $5,260 | 3.70% |
| AKRON, OH (FHA|USDA|VA) | 7 | $1,575,000 | $225,000 | $6,059 | 3.86% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $1,485,000 | $297,000 | $4,714 | 3.55% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 6 | $1,400,000 | $233,333 | $4,372 | 3.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 5 | $1,385,000 | $277,000 | $5,600 | 3.25% |
| BOULDER, CO (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $4,701 | 3.38% |
| LAWRENCE, KS (FHA|USDA|VA) | 6 | $1,200,000 | $200,000 | $4,865 | 3.83% |
| Scottsboro, AL (FHA|USDA|VA) | 8 | $1,170,000 | $146,250 | $4,744 | 3.98% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $22,854 | 4.13% |
| Fort Payne, AL (FHA|USDA|VA) | 8 | $1,050,000 | $131,250 | $4,357 | 3.91% |
| TULSA, OK (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $4,381 | 3.75% |
| HATTIESBURG, MS (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $4,961 | 4.64% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $4,510 | 3.56% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $3,475 | 4.25% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $6,670 | 4.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $3,837 | 4.00% |
| GADSDEN, AL (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $4,269 | 3.97% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $4,591 | 3.25% |
| JACKSON, MS (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $6,868 | 4.21% |
| Norfolk, NE (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $5,440 | 4.54% |
| AMES, IA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,475 | 4.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $3,505 | 3.44% |
| Durango, CO (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,974 | 3.69% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,181 | 4.06% |
| Farmington, MO (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,222 | 3.50% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $2,286 | 4.31% |
| PINE BLUFF, AR (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 3.38% |
| Spirit Lake, IA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $6,920 | 4.00% |
| Hannibal, MO (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,219 | 4.88% |
| Beatrice, NE (FHA|USDA|VA) | 4 | $320,000 | $80,000 | $2,692 | 4.44% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,462 | 3.63% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,851 | 4.25% |
| Oxford, MS (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,925 | 3.75% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,650 | 3.63% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,408 | 4.63% |
| Emporia, KS (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,499 | 3.75% |
| Crossville, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,584 | 3.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,386 | 3.50% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,330 | 3.25% |
| Bogalusa, LA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,864 | 4.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,947 | 3.38% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,271 | 4.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,121 | 3.00% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,351 | 4.13% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,065 | 4.50% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,334 | 4.00% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,202 | 2.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,816 | 3.63% |
| Ottawa, KS (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $2,119 | 4.00% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,744 | 3.50% |
| Salem, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,041 | 3.63% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,256 | 3.63% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,989 | 4.25% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,030 | 2.88% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,610 | 3.50% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,046 | 3.63% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,607 | 3.63% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,524 | 3.50% |
| Starkville, MS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,488 | 4.50% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,888 | 4.75% |
| WACO, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,215 | 4.38% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,971 | 4.50% |
| Garden City, KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,227 | 4.00% |
| Winfield, KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,502 | 5.13% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,423 | 3.63% |
| Sikeston, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,090 | 3.75% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,786 | 4.63% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,165 | 4.38% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,462 | 4.75% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,117 | 5.13% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,141 | 5.13% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,804 | 4.13% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,909 | 3.38% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,636 | 4.63% |
| Atchison, KS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,952 | 4.00% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,809 | 4.75% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,259 | 4.63% |
| Fremont, NE (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,251 | 4.50% |
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Product Mix
For 2019, Delmar Financial Company's most frequently originated type of loan was Conventional, with 1,839 originations. Their 2nd most popular type was FHA, with 647 originations.
Loan Reason
For 2019, Delmar Financial Company's most frequently cited loan purpose was Home Purchase, with 1,761 originations. The 2nd most popular reason was Refi, with 781 originations.
Loan Duration/Length
For 2019, Delmar Financial Company's most frequently cited loan duration was 30 Year, with 2,532 originations. The 2nd most popular length was 15 Year, with 226 originations.
Origination Fees/Closing Costs
Delmar Financial Company's average total fees were $4,080, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,495 originations.
Interest Rates
During 2019, Delmar Financial Company's average interest rate for loans was 4.20%, while their most frequently originated rate bucket for loans was 3-4%, with 1,399 originations.
Loan Sizing
2019 saw Delmar Financial Company place emphasis on $200k-400k loans with 1,182 originations, totaling $322,980,000 in origination value.
Applicant Income
Delmar Financial Company lent most frequently to those with incomes in the $50k-75k range, with 744 originations. The second most popular income band? $50k or less, with 569 originations.
Applicant Debt to Income Ratio
Delmar Financial Company lent most frequently to those with DTI ratios of 20-30%, with 624 originations. The next most common DTI ratio? 30-36%, with 517 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.61%
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 origination63.32%
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 | 2,835 | $612,485,000 | $216,044 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 16 | $2,060,000 | $128,750 |
| Single Family (1-4 Units):Site-Built | 2,819 | $610,425,000 | $216,540 |