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, Philadelphia, Allentown, Trenton, and Atlanta among others. We have data for 122 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% | 4/28/24 |
| 30 Year Conventional Purchase | 6.35% | 4/28/24 |
| 30 Year Conventional Refi | 6.20% | 4/28/24 |
| 30 Year Cash-out Refi | 6.55% | 4/28/24 |
| 15 Year Conventional Purchase | 6.00% | 4/28/24 |
| 15 Year Conventional Refi | 5.93% | 4/28/24 |
| 15 Year Cash-out Refi | 5.93% | 4/28/24 |
| 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. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,285Origination Dollar Volume (All Markets)
$575,995,000Awards
AFFINITY - 2021
AFFINITY is a 2021 , due to their low .
For 2021, 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) | 1,623 | $409,695,000 | $252,431 | $3,311 | 2.96% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 88 | $20,600,000 | $234,091 | $3,365 | 2.94% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 91 | $15,985,000 | $175,659 | $3,098 | 2.96% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 39 | $10,155,000 | $260,385 | $3,685 | 2.91% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 28 | $8,090,000 | $288,929 | $2,732 | 2.86% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 17 | $6,915,000 | $406,765 | $2,782 | 2.91% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 12 | $5,110,000 | $425,833 | $3,556 | 2.87% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 21 | $4,855,000 | $231,190 | $2,839 | 3.10% |
| Outside of Metro Areas | 23 | $4,825,000 | $209,783 | $2,895 | 2.83% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 25 | $4,435,000 | $177,400 | $3,014 | 3.06% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 11 | $4,385,000 | $398,636 | $3,195 | 2.91% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 10 | $4,190,000 | $419,000 | $4,141 | 2.97% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 21 | $4,105,000 | $195,476 | $3,302 | 3.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 8 | $3,830,000 | $478,750 | $5,012 | 2.95% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 16 | $3,560,000 | $222,500 | $3,342 | 2.96% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 5 | $3,265,000 | $653,000 | $2,747 | 2.77% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 9 | $3,095,000 | $343,889 | $3,867 | 2.83% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 5 | $3,085,000 | $617,000 | $5,002 | 2.80% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 10 | $2,540,000 | $254,000 | $2,731 | 2.91% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 8 | $2,500,000 | $312,500 | $4,151 | 2.87% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 5 | $2,295,000 | $459,000 | $3,204 | 2.85% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 11 | $2,225,000 | $202,273 | $2,901 | 2.88% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $2,135,000 | $711,667 | $4,973 | 2.91% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 7 | $1,985,000 | $283,571 | $2,649 | 2.89% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $1,930,000 | $321,667 | $3,684 | 2.94% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $1,740,000 | $435,000 | $4,650 | 2.78% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $1,605,000 | $535,000 | $5,801 | 2.83% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $3,054 | 2.97% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $7,480 | 2.69% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $1,160,000 | $580,000 | $1,919 | 2.93% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $2,855 | 2.90% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 5 | $1,085,000 | $217,000 | $2,583 | 2.77% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,080,000 | $540,000 | $2,597 | 3.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 10 | $1,060,000 | $106,000 | $3,144 | 2.95% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $4,400 | 2.88% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $2,748 | 2.63% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $4,291 | 2.88% |
| RICHMOND, VA (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $1,744 | 3.03% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $4,351 | 2.94% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $4,081 | 2.91% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $3,292 | 2.75% |
| KINGSTON, NY (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $2,871 | 3.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $2,700 | 3.19% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $4,342 | 3.06% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $2,401 | 2.83% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $2,409 | 2.81% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 7 | $605,000 | $86,429 | $2,456 | 3.05% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $2,349 | 2.88% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $2,519 | 3.13% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 5 | $575,000 | $115,000 | $2,163 | 3.07% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $2,609 | 3.12% |
| SALEM, OR (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $3,296 | 3.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $2,485 | 3.08% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $2,376 | 3.09% |
| DOVER, DE (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,148 | 2.81% |
| SYRACUSE, NY (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $2,609 | 2.88% |
| NEW BERN, NC (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $2,231 | 2.87% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $1,969 | 3.16% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,109 | 3.13% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $2,389 | 2.81% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $2,890 | 3.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $2,953 | 2.88% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $2,190 | 3.08% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,221 | 3.13% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $2,268 | 3.31% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,425 | 2.81% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,579 | 3.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,449 | 2.68% |
| CHICO, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,370 | 3.25% |
| Key West, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,883 | 2.75% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,279 | 3.00% |
| Bennington, VT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,928 | 2.63% |
| WACO, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,493 | 2.88% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,267 | 2.88% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,050 | 3.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,221 | 2.75% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,572 | 2.75% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,436 | 2.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $2,341 | 2.83% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,860 | 3.13% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,852 | 2.75% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,515 | 3.50% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,156 | 3.50% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 2.99% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $1,277 | 3.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,076 | 3.18% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,717 | 2.75% |
| Rutland, VT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,545 | 3.00% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 2.99% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,343 | 2.38% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,474 | 2.75% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,403 | 2.88% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,753 | 2.75% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,609 | 2.88% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,265 | 3.25% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,020 | 3.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,701 | 3.25% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,186 | 2.88% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,518 | 2.88% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,495 | 2.63% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 2.99% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,808 | 2.88% |
| Dublin, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,073 | 2.88% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 2.99% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,318 | 2.50% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 2.99% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 2.99% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 2.99% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,575 | 2.38% |
| Barre, VT (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,689 | 2.75% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,656 | 2.38% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 2.99% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 2.99% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,603 | 2.88% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 2.99% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 2.99% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 2.99% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 2.99% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 2.99% |
| Martin, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 2.99% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,212 | 2.88% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,314 | $473,080,000 | $360,030 | $3,270 | 2.92% |
| HELOC | 971 | $102,915,000 | $105,989 | n/a | 3.00% |
For 2021, Affinity's most frequently originated type of loan was Conventional, with 1,314 originations. Their 2nd most popular type was HELOC, with 971 originations.
Loan Reason
For 2021, Affinity's most frequently cited loan purpose was Home Improvement, with 619 originations. The 2nd most popular reason was Cash Out Refi, with 543 originations.
Loan Duration/Length
For 2021, Affinity's most frequently cited loan duration was 30 Year, with 1,913 originations. The 2nd most popular length was 15 Year, with 180 originations.
Origination Fees/Closing Costs
Affinity's average total fees were $3,509, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,256 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 1,901 | $435,315,000 | $228,993 |
| 3-4% | 265 | $109,685,000 | $413,906 |
| <2.5% | 108 | $27,600,000 | $255,556 |
| 4-5% | 10 | $3,290,000 | $329,000 |
| 5-6% | 1 | $105,000 | $105,000 |
During 2021, Affinity's average interest rate for loans was 2.98%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,901 originations.
Loan Sizing
2021 saw Affinity place emphasis on $200k-400k loans with 753 originations, totaling $211,875,000 in origination value.
Applicant Income
Affinity lent most frequently to those with incomes in the $150k-250k range, with 629 originations. The second most popular income band? $100k-150k, with 588 originations.
Applicant Debt to Income Ratio
Affinity lent most frequently to those with DTI ratios of 20-30%, with 572 originations. The next most common DTI ratio? 30-36%, with 415 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.83%
Affinity has a below average approval rate.
Pick Rate
Approvals leading to origination76.11%
Affinity has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,285 | $575,995,000 | $252,077 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Avant Holding Company, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |