The Mortgage Warehouse Rates, Fees & Info

LOUISVILLE, KY

LEI: 5493005G8JO0PPI0HN36

Tax ID: 02-0687335

5 stars - Updated: 4/5/25 - out of 5 stars, based on 15 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    The Mortgage Warehouse is a smaller mortgage company specializing in Home Purchase loans. The Mortgage Warehouse 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: Louisville, Cape Coral, Naples, Bardstown, and Punta Gorda among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Mortgage Warehouse 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. The Mortgage Warehouse 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.

    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
    30 Year Conventional Purchase 6.95% 4/5/25
    30 Year Conventional Refi 6.92% 4/5/25
    30 Year Cash-out Refi 7.20% 4/5/25
    30 Year FHA Purchase 7.22% 4/5/25
    30 Year FHA Refi 6.93% 4/5/25
    30 Year VA Purchase 6.73% 4/5/25
    30 Year VA Refi 6.31% 4/5/25
    30 Year USDA Purchase 7.21% 4/5/25
    15 Year Conventional Purchase 6.19% 4/5/25
    15 Year Conventional Refi 5.97% 4/5/25
    15 Year Cash-out Refi 5.97% 4/5/25
    15 Year FHA Purchase 6.00% 4/5/25
    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.

    The Mortgage Warehouse Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The Mortgage Warehouse. 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

    212

    Origination Dollar Volume (All Markets)

    $61,340,000

    Awards

    THE MORTGAGE WAREHOUSE 30 Year Conventional Loans gold THE MORTGAGE WAREHOUSE FHA Loans bronze
    Show all (2) awards

    Relative Rate

    The Mortgage Warehouse's average 30 year fixed mortgage rate was 6.69%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.14%.

    Relative Fees (Closing Costs)

    The Mortgage Warehouse's average total fees/closing costs for a 30 year fixed rate mortgage were $5,130.

    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 $8,356.

    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
    LOUISVILLE, KY (FHA|USDA|VA) 113 $29,065,000 $257,212 $4,291 6.59%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 49 $16,025,000 $327,041 $5,981 6.67%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 11 $4,735,000 $430,455 $6,660 6.90%
    Bardstown, KY (FHA|USDA|VA) 11 $3,015,000 $274,091 $6,547 6.59%
    PUNTA GORDA, FL (FHA|USDA|VA) 4 $1,500,000 $375,000 $6,460 6.97%
    Outside of Metro Areas 3 $1,085,000 $361,667 $3,836 7.08%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $1,035,000 $345,000 $5,239 7.00%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $585,000 $585,000 $6,660 6.99%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $530,000 $265,000 $3,389 7.18%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 3 $475,000 $158,333 $3,114 6.46%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $445,000 $445,000 $5,122 6.99%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $405,000 $405,000 $6,422 6.99%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $365,000 $365,000 $11,623 6.75%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $335,000 $335,000 $4,705 6.63%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $255,000 $255,000 $6,427 6.63%
    Danville, KY (FHA|USDA|VA) 1 $255,000 $255,000 $3,142 7.13%
    Richmond-Berea, KY (FHA|USDA|VA) 1 $245,000 $245,000 $7,302 6.63%
    Scottsburg, IN (FHA|USDA|VA) 1 $225,000 $225,000 $3,065 6.99%
    Frankfort, KY (FHA|USDA|VA) 1 $215,000 $215,000 $10,338 6.75%
    OWENSBORO, KY (FHA|USDA|VA) 1 $185,000 $185,000 $5,861 5.99%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $185,000 $185,000 $3,945 7.13%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,427 6.38%
    The Mortgage Warehouse's top markets include Louisville, Cape Coral, Naples, Bardstown, and Punta Gorda among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against THE MORTGAGE WAREHOUSE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    TRANSCEND
    Similarity Rank: 60
    NEAL COMMUNITIES FUNDING, LLC
    Similarity Rank: 232
    Abound Federal Credit Union
    Similarity Rank: 247
    MEMBERS HERITAGE Credit Union
    Similarity Rank: 260
    Whitaker Bank
    Similarity Rank: 323
    City National Bank of West Virginia
    Similarity Rank: 369
    Peoples Exchange Bank
    Similarity Rank: 390
    MATTAMY HOME FUNDING, LLC
    Similarity Rank: 464
    COMMONWEALTH
    Similarity Rank: 525
    Suncoast Credit Union
    Similarity Rank: 576

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 168 $48,690,000 $289,821 $4,135 6.73%
    VA 21 $6,495,000 $309,286 $8,446 6.36%
    FHA 20 $5,560,000 $278,000 $9,080 6.35%
    USDA 3 $595,000 $198,333 $5,580 6.58%

    For 2024, The Mortgage Warehouse's most frequently originated type of loan was Conventional, with 168 originations. Their 2nd most popular type was VA, with 21 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 174 $51,050,000 $293,391 $5,206 6.68%
    Cash Out Refi 22 $5,460,000 $248,182 $4,978 6.69%
    Refi 16 $4,830,000 $301,875 $3,438 6.39%

    For 2024, The Mortgage Warehouse's most frequently cited loan purpose was Home Purchase, with 174 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 201 $58,585,000 $291,468 $5,130 6.69%
    15 Year 10 $2,410,000 $241,000 $3,611 6.07%
    20 Year 1 $345,000 $345,000 $3,256 6.99%

    For 2024, The Mortgage Warehouse's most frequently cited loan duration was 30 Year, with 201 originations. The 2nd most popular length was 15 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 182 $52,310,000 $287,418
    $2k-3k 12 $3,380,000 $281,667
    $3k-4k 10 $3,090,000 $309,000
    $<1k 3 $875,000 $291,667
    $4k-5k 3 $1,025,000 $341,667
    $5k+ 2 $660,000 $330,000

    The Mortgage Warehouse's average total fees were $5,130, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 182 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 147 $41,045,000 $279,218
    7-8% 36 $11,970,000 $332,500
    5-6% 26 $7,550,000 $290,385
    4-5% 2 $420,000 $210,000
    Over 8% 1 $355,000 $355,000

    During 2024, The Mortgage Warehouse's average interest rate for loans was 6.69%, while their most frequently originated rate bucket for loans was 6-7%, with 147 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 98 $26,440,000 $269,796 $4,862 6.63%
    $100k-200k 55 $8,855,000 $161,000 $3,884 6.60%
    $400k-600k 43 $20,545,000 $477,791 $7,179 6.77%
    $100,000 or less 9 $745,000 $82,778 $3,136 6.71%
    $600k-1MM 7 $4,755,000 $679,286 $6,208 6.78%

    2024 saw The Mortgage Warehouse place emphasis on $200k-400k loans with 98 originations, totaling $26,440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 51 $14,975,000 $293,627 $5,273 6.65%
    $150k-250k 51 $19,485,000 $382,059 $5,749 6.64%
    $50k-75k 40 $7,760,000 $194,000 $4,301 6.45%
    $75k-100k 29 $6,545,000 $225,690 $4,879 6.74%
    $250k+ 23 $9,605,000 $417,609 $5,519 7.21%
    $50k or less 17 $2,785,000 $163,824 $3,758 6.32%

    The Mortgage Warehouse lent most frequently to those with incomes in the $100k-150k range, with 51 originations. The second most popular income band? $150k-250k, with 51 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 48 $14,490,000 $301,875 $5,032 6.67%
    20-30% 32 $8,150,000 $254,688 $4,058 6.75%
    44% 13 $3,845,000 $295,769 $5,560 6.83%
    40% 13 $3,865,000 $297,308 $4,994 6.73%
    49% 12 $3,570,000 $297,500 $7,097 6.51%
    48% 11 $2,465,000 $224,091 $5,337 6.62%
    43% 10 $3,620,000 $362,000 $5,264 6.88%
    <20% 10 $2,980,000 $298,000 $3,553 6.21%
    38% 9 $2,265,000 $251,667 $4,316 6.61%
    47% 8 $2,130,000 $266,250 $5,271 6.72%
    41% 7 $2,505,000 $357,857 $4,351 6.75%
    37% 7 $2,415,000 $345,000 $6,198 6.55%
    45% 7 $1,915,000 $273,571 $6,255 6.55%
    42% 6 $1,980,000 $330,000 $5,002 6.25%
    46% 5 $1,665,000 $333,000 $5,548 6.77%
    50-60% 5 $1,135,000 $227,000 $6,888 6.52%
    39% 4 $1,070,000 $267,500 $5,222 7.00%
    36% 4 $950,000 $237,500 $3,475 6.69%
    >60% 1 $325,000 $325,000 $4,165 6.13%

    The Mortgage Warehouse lent most frequently to those with DTI ratios of 30-36%, with 48 originations. The next most common DTI ratio? 20-30%, with 32 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 185 $54,075,000 $292,297 $5,024 6.63%
    Not provided 17 $4,625,000 $272,059 $4,781 6.78%
    Asian 4 $1,230,000 $307,500 $7,287 7.15%
    Chinese 2 $630,000 $315,000 $3,667 6.81%
    Black 3 $575,000 $191,667 $4,713 6.83%
    American Indian 1 $205,000 $205,000 $9,017 6.25%

    Approval Rates

    Total approvals of all applications
    95.15%

    The Mortgage Warehouse has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    80.19%

    The Mortgage Warehouse has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 212 $61,340,000 $289,340

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    212 $61,340,000 $289,340

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $1,730,000 $144,167 $3,714 6.65%
    40-60% 26 $6,450,000 $248,077 $4,091 6.64%
    60-80% 70 $20,600,000 $294,286 $4,437 6.76%
    80-100% 99 $30,745,000 $310,556 $5,335 6.59%
    Over 100% 4 $1,640,000 $410,000 $18,683 6.72%
    Under 20% 1 $175,000 $175,000 $5,974 6.38%