Affinity Mortgage Rates, Fees & Info
Basking Ridge, NJLEI: 5493004UNRG4PWDF2K60
Tax ID: 13-5562114
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Mortgage Data
Review & Overview
Affinity is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Affinity has a high proportion of conventional loans. Their top markets by origination volume include: New York, Allentown, Philadelphia, Bridgeport, and Trenton among others. We have data for 90 markets. (Some data included below & more in-depth data is available with an active subscription.)Affinity has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Affinity is typically an average 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 relatively high 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) | 5.91% | 11/17/24 |
| 30 Year Conventional Purchase | 6.35% | 11/17/24 |
| 30 Year Conventional Refi | 6.20% | 11/17/24 |
| 30 Year Cash-out Refi | 6.55% | 11/17/24 |
| 15 Year Conventional Purchase | 6.00% | 11/17/24 |
| 15 Year Conventional Refi | 5.93% | 11/17/24 |
| 15 Year Cash-out Refi | 5.93% | 11/17/24 |
| 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. | ||
Affinity Mortgage Calculator
Your Estimates
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This is not an official calculator from Affinity. 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
1,036Origination Dollar Volume (All Markets)
$204,140,000Awards
AFFINITY - 2023
AFFINITY is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Affinity's average 30 year fixed mortgage rate was
7.89%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 1.41%.
Relative Fees (Closing Costs)
Affinity's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,064.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 724 | $138,900,000 | $191,851 | $5,135 | 7.93% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 43 | $8,625,000 | $200,581 | $5,275 | 7.66% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 37 | $7,535,000 | $203,649 | $4,913 | 7.56% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 19 | $6,665,000 | $350,789 | $5,466 | 7.86% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 20 | $3,510,000 | $175,500 | $4,290 | 7.66% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 8 | $2,710,000 | $338,750 | $8,092 | 7.45% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 16 | $2,690,000 | $168,125 | $4,189 | 7.88% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 8 | $2,280,000 | $285,000 | $4,063 | 7.19% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $1,615,000 | $538,333 | $8,135 | 7.88% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $1,470,000 | $183,750 | $4,370 | 7.83% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $1,375,000 | $458,333 | $8,822 | 7.71% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $1,300,000 | $650,000 | $7,574 | 6.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $1,190,000 | $148,750 | $3,793 | 7.83% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $4,388 | 5.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 9 | $1,025,000 | $113,889 | $3,049 | 8.49% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 9 | $945,000 | $105,000 | $3,996 | 7.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $935,000 | $935,000 | $8,040 | 4.75% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $4,490 | 6.42% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $5,129 | 4.75% |
| THE VILLAGES, FL (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $4,161 | 7.08% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $5,536 | 7.66% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $14,238 | 4.50% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $0 | 8.63% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $3,272 | 6.81% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $6,165 | 6.44% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $3,898 | 6.63% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $6,739 | 7.75% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $3,371 | 5.88% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $2,916 | 6.56% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $3,606 | 7.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $490,000 | $81,667 | $0 | 8.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $2,532 | 4.50% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 7.63% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,613 | 4.38% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,851 | 7.88% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 8.50% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,547 | 5.88% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $3,092 | 8.38% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $6,327 | 6.38% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,131 | 6.88% |
| Bradford, PA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,436 | 6.88% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 7.75% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,146 | 5.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $1,598 | 7.58% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,174 | 8.06% |
| DOVER, DE (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,047 | 8.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 8.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $1,708 | 7.71% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 5 | $255,000 | $51,000 | $0 | 8.85% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,995 | 6.63% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,052 | 6.81% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,004 | 6.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 8.75% |
| Madison, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,212 | 5.38% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,313 | 6.50% |
| Outside of Metro Areas | 2 | $190,000 | $95,000 | $2,841 | 7.19% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,982 | 5.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 8.13% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $2,421 | 6.38% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 8.63% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,838 | 5.75% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $0 | 8.17% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.75% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,964 | 5.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 8.88% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,685 | 6.50% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,703 | 5.63% |
| Keene, NH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 8.25% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,365 | 7.75% |
| Elko, NV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.50% |
| READING, PA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 9.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.25% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.75% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.50% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.25% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.75% |
| Mason City, IA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.50% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.75% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.50% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 9.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against AFFINITY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 15
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Similarity Rank: 40
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Similarity Rank: 90
Similarity Rank: 126
Similarity Rank: 130
Similarity Rank: 132
Similarity Rank: 135
Similarity Rank: 140
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 767 | $88,825,000 | $115,808 | n/a | 8.45% |
| Conventional | 269 | $115,315,000 | $428,680 | $4,973 | 6.13% |
For 2023, Affinity's most frequently originated type of loan was HELOC, with 767 originations. Their 2nd most popular type was Conventional, with 269 originations.
Loan Reason
For 2023, Affinity's most frequently cited loan purpose was Cash Out Refi, with 381 originations. The 2nd most popular reason was Home Improvement, with 251 originations.
Loan Duration/Length
For 2023, Affinity's most frequently cited loan duration was 30 Year, with 999 originations. The 2nd most popular length was 15 Year, with 28 originations.
Origination Fees/Closing Costs
Affinity's average total fees were $5,064, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 201 originations.
Interest Rates
During 2023, Affinity's average interest rate for loans was 7.89%, while their most frequently originated rate bucket for loans was Over 8%, with 558 originations.
Loan Sizing
2023 saw Affinity place emphasis on $100,000 or less loans with 430 originations, totaling $23,980,000 in origination value.
Applicant Income
Affinity lent most frequently to those with incomes in the $150k-250k range, with 310 originations. The second most popular income band? $100k-150k, with 277 originations.
Applicant Debt to Income Ratio
Affinity lent most frequently to those with DTI ratios of 20-30%, with 192 originations. The next most common DTI ratio? 30-36%, with 174 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications64.66%
Affinity has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination63.22%
Affinity 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 | 1,036 | $204,140,000 | $197,046 |