The Mortgage Warehouse Rates, Fees & Info

LOUISVILLE, KY

LEI: 5493005G8JO0PPI0HN36

Tax ID: 02-0687335

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 and Cash Out Refi 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, Elizabethtown, and Frankfort among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Mortgage Warehouse 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. 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.71% 1/26/25
    30 Year Conventional Refi 6.52% 1/26/25
    30 Year Cash-out Refi 6.76% 1/26/25
    30 Year FHA Purchase 7.53% 1/26/25
    30 Year FHA Refi 6.27% 1/26/25
    30 Year VA Purchase 6.52% 1/26/25
    30 Year VA Refi 6.27% 1/26/25
    30 Year USDA Purchase 6.61% 1/26/25
    15 Year Conventional Purchase 6.12% 1/26/25
    15 Year Conventional Refi 5.95% 1/26/25
    15 Year Cash-out Refi 5.95% 1/26/25
    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

    371

    Origination Dollar Volume (All Markets)

    $79,495,000

    Awards

    THE MORTGAGE WAREHOUSE 30 Year Conventional Loans silver
    Show all (1) awards

    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) 208 $43,720,000 $210,192 $3,388 4.75%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 116 $25,260,000 $217,759 $4,614 4.80%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 19 $5,055,000 $266,053 $3,957 4.80%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 5 $965,000 $193,000 $4,309 4.85%
    Outside of Metro Areas 5 $795,000 $159,000 $3,181 4.80%
    Frankfort, KY (FHA|USDA|VA) 4 $730,000 $182,500 $6,174 4.44%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $650,000 $325,000 $4,858 4.69%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $425,000 $425,000 $4,126 5.00%
    OWENSBORO, KY (FHA|USDA|VA) 2 $410,000 $205,000 $3,031 5.12%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $370,000 $185,000 $2,923 4.81%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $295,000 $295,000 $4,938 4.88%
    Scottsburg, IN (FHA|USDA|VA) 1 $175,000 $175,000 $2,715 4.88%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,818 5.00%
    Richmond-Berea, KY (FHA|USDA|VA) 1 $125,000 $125,000 $2,938 4.38%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $115,000 $115,000 $4,628 4.50%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $115,000 $115,000 $3,982 5.00%
    Bardstown, KY (FHA|USDA|VA) 1 $115,000 $115,000 $4,846 5.25%
    The Mortgage Warehouse's top markets include Louisville, Cape Coral, Naples, Elizabethtown, and Frankfort among others.

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

    Town Square Bank
    Similarity Rank: 90
    The Peoples Bank
    Similarity Rank: 120
    City National Bank of West Virginia
    Similarity Rank: 190
    Peoples Exchange Bank
    Similarity Rank: 315
    Bank of Lexington, Inc.
    Similarity Rank: 324
    First Harrison Bank
    Similarity Rank: 357
    CLASS ACT FEDERAL CREDIT UNION
    Similarity Rank: 357
    Abound Federal Credit Union
    Similarity Rank: 375
    MEMBERS HERITAGE Credit Union
    Similarity Rank: 396
    Peoples Bank
    Similarity Rank: 455

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 307 $65,775,000 $214,251 $3,301 4.78%
    FHA 33 $6,405,000 $194,091 $6,717 4.74%
    VA 26 $6,530,000 $251,154 $6,440 4.65%
    USDA 5 $785,000 $157,000 $4,583 4.90%

    For 2018, The Mortgage Warehouse's most frequently originated type of loan was Conventional, with 307 originations. Their 2nd most popular type was FHA, with 33 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 200 $44,280,000 $221,400 $4,190 4.82%
    Cash Out Refi 120 $23,570,000 $196,417 $3,605 4.74%
    Refi 51 $11,645,000 $228,333 $3,106 4.66%

    For 2018, The Mortgage Warehouse's most frequently cited loan purpose was Home Purchase, with 200 originations. The 2nd most popular reason was Cash Out Refi, with 120 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 288 $63,730,000 $221,285 $4,104 4.84%
    15 Year 52 $10,260,000 $197,308 $2,972 4.48%
    20 Year 28 $5,030,000 $179,643 $2,941 4.60%
    10 Year 2 $280,000 $140,000 $2,609 4.44%
    Other 1 $195,000 $195,000 $2,851 4.99%

    For 2018, The Mortgage Warehouse's most frequently cited loan duration was 30 Year, with 288 originations. The 2nd most popular length was 15 Year, with 52 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 346 $73,740,000 $213,121
    $<1k 20 $4,450,000 $222,500
    $2k-3k 2 $430,000 $215,000
    $3k-4k 2 $420,000 $210,000

    The Mortgage Warehouse's average total fees were $4,104, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 346 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 288 $62,380,000 $216,597
    5-6% 65 $13,185,000 $202,846
    3-4% 16 $3,720,000 $232,500
    7-8% 2 $210,000 $105,000

    During 2018, The Mortgage Warehouse's average interest rate for loans was 4.84%, while their most frequently originated rate bucket for loans was 4-5%, with 288 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 166 $43,500,000 $262,048 $4,345 4.71%
    $100k-200k 164 $25,260,000 $154,024 $3,477 4.81%
    $400k-600k 21 $9,095,000 $433,095 $4,053 4.83%
    $100,000 or less 20 $1,640,000 $82,000 $2,610 4.86%

    2018 saw The Mortgage Warehouse place emphasis on $200k-400k loans with 166 originations, totaling $43,500,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 102 $17,950,000 $175,980 $3,995 4.77%
    $100k-150k 98 $24,920,000 $254,286 $4,060 4.69%
    $75k-100k 78 $15,840,000 $203,077 $3,828 4.74%
    $50k or less 40 $5,380,000 $134,500 $3,094 4.85%
    $150k-250k 39 $11,615,000 $297,821 $3,921 4.76%
    $250k+ 13 $3,615,000 $278,077 $3,521 5.30%

    The Mortgage Warehouse lent most frequently to those with incomes in the $50k-75k range, with 102 originations. The second most popular income band? $100k-150k, with 98 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 82 $17,510,000 $213,537 $3,442 4.84%
    30-36% 73 $15,045,000 $206,096 $3,816 4.79%
    38% 24 $5,330,000 $222,083 $3,997 4.75%
    42% 18 $4,210,000 $233,889 $3,839 4.78%
    <20% 17 $3,275,000 $192,647 $3,204 4.54%
    43% 17 $3,955,000 $232,647 $4,055 4.73%
    46% 15 $2,885,000 $192,333 $3,498 4.72%
    41% 15 $2,995,000 $199,667 $4,090 4.56%
    36% 15 $2,895,000 $193,000 $3,506 4.89%
    45% 13 $3,225,000 $248,077 $4,399 4.61%
    44% 13 $3,485,000 $268,077 $5,774 4.81%
    40% 12 $2,720,000 $226,667 $4,817 4.83%
    48% 11 $2,155,000 $195,909 $3,631 4.73%
    47% 11 $2,785,000 $253,182 $4,461 4.81%
    37% 10 $1,920,000 $192,000 $3,305 4.85%
    39% 10 $2,280,000 $228,000 $3,639 4.73%
    49% 9 $1,815,000 $201,667 $3,966 4.79%
    50-60% 4 $740,000 $185,000 $5,636 4.78%
    >60% 1 $95,000 $95,000 $2,657 4.75%

    The Mortgage Warehouse lent most frequently to those with DTI ratios of 20-30%, with 82 originations. The next most common DTI ratio? 30-36%, with 73 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 358 $76,390,000 $213,380 $3,814 4.77%
    Black 8 $1,670,000 $208,750 $4,608 4.62%
    Asian 3 $965,000 $321,667 $6,673 4.58%
    Not provided 2 $470,000 $235,000 $3,162 5.00%

    Approval Rates

    Total approvals of all applications
    84.49%

    The Mortgage Warehouse has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.44%

    The Mortgage Warehouse has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 371 $79,495,000 $214,272

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 371 $79,495,000 $214,272

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $1,440,000 $144,000 $2,796 4.41%
    40-60% 45 $7,725,000 $171,667 $3,125 4.68%
    60-80% 141 $31,145,000 $220,887 $3,242 4.76%
    80-100% 169 $37,865,000 $224,053 $4,461 4.80%
    Over 100% 4 $1,110,000 $277,500 $10,434 4.63%
    Under 20% 2 $210,000 $105,000 $550 7.25%