The Mortgage Warehouse Rates, Fees & Info
LOUISVILLE, KYLEI: 5493005G8JO0PPI0HN36
Tax ID: 02-0687335
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Mortgage Data
Review & Overview
The Mortgage Warehouse is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. The Mortgage Warehouse has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Louisville, Cape Coral, Naples, Lexington, and Punta Gorda among others. We have data for 18 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 an above 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 | 6.71% | 12/2/24 |
| 30 Year Conventional Refi | 6.52% | 12/2/24 |
| 30 Year Cash-out Refi | 6.76% | 12/2/24 |
| 30 Year FHA Purchase | 7.53% | 12/2/24 |
| 30 Year FHA Refi | 6.27% | 12/2/24 |
| 30 Year VA Purchase | 6.52% | 12/2/24 |
| 30 Year VA Refi | 6.27% | 12/2/24 |
| 30 Year USDA Purchase | 6.61% | 12/2/24 |
| 15 Year Conventional Purchase | 6.12% | 12/2/24 |
| 15 Year Conventional Refi | 5.95% | 12/2/24 |
| 15 Year Cash-out Refi | 5.95% | 12/2/24 |
| 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. | ||
The Mortgage Warehouse Mortgage Calculator
Your Estimates
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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
560Origination Dollar Volume (All Markets)
$137,920,000Awards
THE MORTGAGE WAREHOUSE - 2019
THE MORTGAGE WAREHOUSE is a 2019 , due to their low .
For 2019, 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 |
|---|---|---|---|---|---|
| LOUISVILLE, KY (FHA|USDA|VA) | 352 | $85,410,000 | $242,642 | $3,123 | 4.05% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 132 | $32,460,000 | $245,909 | $4,045 | 4.18% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 27 | $8,755,000 | $324,259 | $3,586 | 4.06% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 11 | $2,485,000 | $225,909 | $3,799 | 4.08% |
| Outside of Metro Areas | 7 | $1,785,000 | $255,000 | $3,186 | 4.11% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 5 | $1,415,000 | $283,000 | $3,719 | 3.85% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 7 | $1,145,000 | $163,571 | $2,884 | 4.30% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $3,357 | 3.75% |
| Bardstown, KY (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $4,110 | 4.06% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $3,846 | 4.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $7,518 | 5.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,120 | 3.63% |
| Richmond-Berea, KY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,869 | 3.88% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,245 | 3.75% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,195 | 3.88% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,653 | 4.50% |
| Frankfort, KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,062 | 4.00% |
| Madison, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,595 | 4.38% |
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.
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Product Mix
For 2019, The Mortgage Warehouse's most frequently originated type of loan was Conventional, with 506 originations. Their 2nd most popular type was FHA, with 28 originations.
Loan Reason
For 2019, The Mortgage Warehouse's most frequently cited loan purpose was Refi, with 263 originations. The 2nd most popular reason was Home Purchase, with 167 originations.
Loan Duration/Length
For 2019, The Mortgage Warehouse's most frequently cited loan duration was 30 Year, with 416 originations. The 2nd most popular length was 15 Year, with 103 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 537 | $131,665,000 | $245,186 |
| $<1k | 9 | $2,505,000 | $278,333 |
| $2k-3k | 7 | $1,635,000 | $233,571 |
The Mortgage Warehouse's average total fees were $3,567, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 537 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 296 | $72,900,000 | $246,284 |
| 4-5% | 248 | $61,070,000 | $246,250 |
| 5-6% | 12 | $2,750,000 | $229,167 |
| 2.5-3% | 2 | $650,000 | $325,000 |
During 2019, The Mortgage Warehouse's average interest rate for loans was 4.20%, while their most frequently originated rate bucket for loans was 3-4%, with 296 originations.
Loan Sizing
2019 saw The Mortgage Warehouse place emphasis on $200k-400k loans with 313 originations, totaling $86,145,000 in origination value.
Applicant Income
The Mortgage Warehouse lent most frequently to those with incomes in the $100k-150k range, with 158 originations. The second most popular income band? $50k-75k, with 128 originations.
Applicant Debt to Income Ratio
The Mortgage Warehouse lent most frequently to those with DTI ratios of 20-30%, with 149 originations. The next most common DTI ratio? 30-36%, with 120 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.96%
The Mortgage Warehouse has an average approval rate.
Pick Rate
Approvals leading to origination95.71%
The Mortgage Warehouse has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 560 | $137,920,000 | $246,286 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 560 | $137,920,000 | $246,286 |