Alkan Mortgage Corporation Rates, Fees & Info
LAKE MARY, FLLEI: 5493005PT09Z02WXW551
Tax ID: 59-3591757
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Alkan Mortgage Corporation is a smaller mortgage company specializing in Home Purchase loans. Alkan Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA 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: Orlando, Deltona, Palm Bay, Lakeland, and Tampa among others. We have data for 30 markets. (Some data included below & more in-depth data is available with an active subscription.)Alkan Mortgage Corporation 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. Alkan Mortgage Corporation is typically a high 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 | 7.47% | 4/17/25 |
| 30 Year Conventional Refi | 7.53% | 4/17/25 |
| 30 Year Cash-out Refi | 8.14% | 4/17/25 |
| 30 Year FHA Purchase | 7.42% | 4/17/25 |
| 30 Year FHA Refi | 7.65% | 4/17/25 |
| 30 Year VA Purchase | 6.75% | 4/17/25 |
| 30 Year USDA Purchase | 7.16% | 4/17/25 |
| 15 Year Conventional Purchase | 12.56% | 4/17/25 |
| 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. | ||
Alkan Mortgage Corporation Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Alkan Mortgage Corporation. 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
839Origination Dollar Volume (All Markets)
$291,135,000Awards
ALKAN MORTGAGE CORPORATION - 2024
ALKAN MORTGAGE CORPORATION is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
Work for ALKAN MORTGAGE CORPORATION?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Alkan Mortgage Corporation's average 30 year fixed mortgage rate was
6.93%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.38%.
Relative Fees (Closing Costs)
Alkan Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,750.
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
Click or Hover to activate map
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 |
|---|---|---|---|---|---|
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 407 | $155,705,000 | $382,568 | $11,894 | 7.11% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 141 | $41,215,000 | $292,305 | $10,788 | 7.57% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 81 | $25,245,000 | $311,667 | $10,238 | 7.40% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 78 | $20,820,000 | $266,923 | $12,190 | 7.18% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 39 | $13,585,000 | $348,333 | $11,109 | 7.16% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 11 | $6,085,000 | $553,182 | $20,616 | 7.78% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 14 | $5,500,000 | $392,857 | $15,116 | 7.74% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $2,765,000 | $921,667 | $24,902 | 8.46% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 3 | $2,435,000 | $811,667 | $10,910 | 7.16% |
| GAINESVILLE, FL (FHA|USDA|VA) | 8 | $2,000,000 | $250,000 | $16,886 | 7.01% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $1,950,000 | $325,000 | $9,441 | 6.85% |
| OCALA, FL (FHA|USDA|VA) | 7 | $1,925,000 | $275,000 | $11,827 | 6.89% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 6 | $1,720,000 | $286,667 | $14,898 | 6.77% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,370,000 | $342,500 | $12,369 | 6.18% |
| THE VILLAGES, FL (FHA|USDA|VA) | 5 | $1,325,000 | $265,000 | $12,066 | 6.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $14,428 | 6.17% |
| Clewiston, FL (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $11,182 | 6.94% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $12,877 | 7.46% |
| Palatka, FL (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $9,138 | 8.46% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $3,957 | 7.31% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 6.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $15,491 | 6.25% |
| Hilo, HI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $10,780 | 8.25% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $8,629 | 7.13% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $18,378 | 6.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,313 | 7.13% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $14,102 | 6.99% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 7.13% |
| Outside of Metro Areas | 1 | $115,000 | $115,000 | $10,904 | 7.25% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,859 | 6.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against ALKAN MORTGAGE CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 156
Similarity Rank: 297
Similarity Rank: 462
Similarity Rank: 721
Similarity Rank: 784
Similarity Rank: 820
Similarity Rank: 1015
Similarity Rank: 1155
Similarity Rank: 1170
Similarity Rank: 1190
Product Mix
For 2024, Alkan Mortgage Corporation's most frequently originated type of loan was Conventional, with 563 originations. Their 2nd most popular type was FHA, with 202 originations.
Loan Reason
For 2024, Alkan Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 734 originations. The 2nd most popular reason was Cash Out Refi, with 82 originations.
Loan Duration/Length
For 2024, Alkan Mortgage Corporation's most frequently cited loan duration was 30 Year, with 777 originations. The 2nd most popular length was 15 Year, with 48 originations.
Origination Fees/Closing Costs
Alkan Mortgage Corporation's average total fees were $11,750, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 314 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 450 | $157,650,000 | $350,333 |
| 7-8% | 235 | $87,085,000 | $370,574 |
| Over 8% | 90 | $25,520,000 | $283,556 |
| 5-6% | 57 | $19,415,000 | $340,614 |
| 4-5% | 2 | $670,000 | $335,000 |
During 2024, Alkan Mortgage Corporation's average interest rate for loans was 6.93%, while their most frequently originated rate bucket for loans was 6-7%, with 450 originations.
Loan Sizing
2024 saw Alkan Mortgage Corporation place emphasis on $200k-400k loans with 489 originations, totaling $143,375,000 in origination value.
Applicant Income
Alkan Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 187 originations. The second most popular income band? $75k-100k, with 146 originations.
Applicant Debt to Income Ratio
Alkan Mortgage Corporation lent most frequently to those with DTI ratios of <20%, with 17 originations. The next most common DTI ratio? 20-30%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.71%
Alkan Mortgage Corporation has an average approval rate.
Pick Rate
Approvals leading to origination97.50%
Alkan Mortgage Corporation 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 | 839 | $291,135,000 | $347,002 |