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 Home Purchase and Cash Out Refi loans. Affinity has a high proportion of conventional loans. Their top markets by origination volume include: New York, Washington, Philadelphia, Allentown, and Atlanta among others. We have data for 96 markets. (Some data included below & more in-depth data is available with an active subscription.)Affinity has an 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 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.91% | 4/21/24 |
| 30 Year Conventional Purchase | 6.35% | 4/21/24 |
| 30 Year Conventional Refi | 6.20% | 4/21/24 |
| 30 Year Cash-out Refi | 6.55% | 4/21/24 |
| 15 Year Conventional Purchase | 6.00% | 4/21/24 |
| 15 Year Conventional Refi | 5.93% | 4/21/24 |
| 15 Year Cash-out Refi | 5.93% | 4/21/24 |
| 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. | ||
Affinity Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,652Origination Dollar Volume (All Markets)
$352,620,000Awards
AFFINITY - 2018
AFFINITY 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1,272 | $263,840,000 | $207,421 | $3,716 | 3.63% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 23 | $10,615,000 | $461,522 | $4,518 | 3.43% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 43 | $7,505,000 | $174,535 | $3,292 | 3.71% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 52 | $7,310,000 | $140,577 | $2,751 | 3.97% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 16 | $4,600,000 | $287,500 | $2,702 | 3.66% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $3,780,000 | $378,000 | $4,962 | 3.71% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 10 | $3,360,000 | $336,000 | $3,879 | 3.55% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 21 | $3,295,000 | $156,905 | $3,629 | 3.69% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $3,015,000 | $1,005,000 | $3,800 | 3.08% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 10 | $2,900,000 | $290,000 | $4,127 | 4.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4 | $2,050,000 | $512,500 | $2,957 | 3.88% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 11 | $2,005,000 | $182,273 | $3,345 | 4.19% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 7 | $1,895,000 | $270,714 | $3,029 | 3.28% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 5 | $1,665,000 | $333,000 | $2,790 | 3.20% |
| Key West, FL (FHA|USDA|VA) | 1 | $1,605,000 | $1,605,000 | $10,518 | 3.75% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 4 | $1,470,000 | $367,500 | $4,284 | 4.03% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $1,295,000 | $185,000 | $4,282 | 3.58% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $7,679 | 3.21% |
| Outside of Metro Areas | 10 | $1,120,000 | $112,000 | $2,285 | 3.76% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $2,895 | 4.35% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 6 | $1,060,000 | $176,667 | $2,116 | 5.04% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $3,910 | 3.58% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $3,557 | 3.42% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $3,188 | 3.13% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $4,885 | 3.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $2,360 | 3.25% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $5,048 | 3.12% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $4,234 | 3.88% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $2,615 | 3.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $2,803 | 4.08% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $5,042 | 4.42% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $2,977 | 3.50% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $2,295 | 3.21% |
| RENO, NV (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $2,563 | 3.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $2,907 | 4.25% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 7 | $625,000 | $89,286 | $2,471 | 3.48% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $2,891 | 3.88% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $2,653 | 3.17% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $2,312 | 3.31% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $2,489 | 4.06% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $3,922 | 3.13% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $2,349 | 3.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $460,000 | $115,000 | $2,782 | 3.34% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $6,754 | 3.50% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,843 | 3.75% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,723 | 3.13% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,157 | 4.13% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $2,443 | 3.29% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,996 | 3.75% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,768 | 3.13% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,083 | 3.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,981 | 3.63% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,014 | 4.50% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,490 | 3.63% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 4.75% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,551 | 5.00% |
| Martin, TN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,413 | 3.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,772 | 5.19% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,158 | 3.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $1,995 | 3.75% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,087 | 3.25% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,701 | 3.06% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,811 | 4.13% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $230,000 | $57,500 | $0 | 3.49% |
| ERIE, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 5.25% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,470 | 3.56% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,201 | 3.68% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,645 | 4.63% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,568 | 4.63% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $1,738 | 4.13% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,080 | 4.25% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,664 | 4.63% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 2.99% |
| OCALA, FL (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $2,169 | 3.56% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.99% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,344 | 4.38% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 2.99% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 2.99% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,399 | 3.63% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 2.99% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 4.62% |
| Torrington, CT (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 2.99% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,152 | 4.88% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 2.99% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 2.99% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,999 | 4.13% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 2.99% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 2.99% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 2.99% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,057 | 3.38% |
| CHICO, CA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 2.99% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 2.99% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $30,000 | $15,000 | $0 | 2.99% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.00% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 2.99% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $0 | 2.99% |
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: 24
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 832 | $63,530,000 | $76,358 | n/a | 3.39% |
| Conventional | 820 | $289,090,000 | $352,549 | $3,610 | 3.92% |
For 2018, Affinity's most frequently originated type of loan was HELOC, with 832 originations. Their 2nd most popular type was Conventional, with 820 originations.
Loan Reason
For 2018, Affinity's most frequently cited loan purpose was Home Purchase, with 534 originations. The 2nd most popular reason was Home Improvement, with 442 originations.
Loan Duration/Length
For 2018, Affinity's most frequently cited loan duration was 30 Year, with 1,534 originations. The 2nd most popular length was 15 Year, with 56 originations.
Origination Fees/Closing Costs
Affinity's average total fees were $3,670, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 744 originations.
Interest Rates
During 2018, Affinity's average interest rate for loans was 3.60%, while their most frequently originated rate bucket for loans was 2.5-3%, with 814 originations.
Loan Sizing
2018 saw Affinity place emphasis on $100,000 or less loans with 663 originations, totaling $30,195,000 in origination value.
Applicant Income
Affinity lent most frequently to those with incomes in the $100k-150k range, with 494 originations. The second most popular income band? $150k-250k, with 484 originations.
Applicant Debt to Income Ratio
Affinity lent most frequently to those with DTI ratios of 20-30%, with 373 originations. The next most common DTI ratio? 30-36%, with 290 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.85%
Affinity has a below average approval rate.
Pick Rate
Approvals leading to origination67.62%
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 |
|---|---|---|---|
| 0.0 | 78 | $6,310,000 | $80,897 |
| NA | 1,574 | $346,310,000 | $220,019 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 5 | $11,265,000 | $2,253,000 |
| Single Family (1-4 Units):Site-Built | 1,647 | $341,355,000 | $207,259 |