Wolfe Financial Inc Mortgage Rates, Fees & Info
Raleigh, NCLEI: 5493005XMJQ1GSXUGT67
Tax ID: 26-2429669
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Mortgage Data
Review & Overview
Wolfe Financial Inc is a smaller mortgage company specializing in Home Purchase loans. Wolfe Financial Inc has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Memphis, Houston, Indianapolis, Greensboro, and Seymour among others. We have data for 95 markets. (Some data included below & more in-depth data is available with an active subscription.)Wolfe Financial Inc 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. Wolfe Financial Inc is typically an average 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 relatively high 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 |
|---|---|---|
| 30 Year Conventional Purchase | 8.28% | 11/30/23 |
| 30 Year Conventional Refi | 6.27% | 11/30/23 |
| 30 Year Cash-out Refi | 7.94% | 11/30/23 |
| 30 Year FHA Purchase | 8.07% | 11/30/23 |
| 30 Year FHA Refi | 7.95% | 11/30/23 |
| 30 Year VA Purchase | 6.27% | 11/30/23 |
| 30 Year VA Refi | 6.27% | 11/30/23 |
| 30 Year USDA Purchase | 6.27% | 11/30/23 |
| 15 Year Conventional Purchase | 5.68% | 11/30/23 |
| 15 Year Conventional Refi | 5.68% | 11/30/23 |
| 15 Year Cash-out Refi | 5.68% | 11/30/23 |
| 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. | ||
Wolfe Financial Inc Mortgage Calculator
Your Estimates
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This is not an official calculator from Wolfe Financial Inc. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,257Origination Dollar Volume (All Markets)
$302,735,000Awards
Wolfe Financial Inc - 2022
Wolfe Financial Inc is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Wolfe Financial Inc's average 30 year fixed mortgage rate was
5.21%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.45%.
Relative Fees (Closing Costs)
Wolfe Financial Inc's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,778.
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 $4,750.
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 |
|---|---|---|---|---|---|
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 114 | $33,300,000 | $292,105 | $10,277 | 5.17% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 101 | $33,105,000 | $327,772 | $8,577 | 5.38% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 133 | $32,285,000 | $242,744 | $4,887 | 4.99% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 122 | $26,510,000 | $217,295 | $5,526 | 5.22% |
| Seymour, IN (FHA|USDA|VA) | 102 | $18,070,000 | $177,157 | $5,245 | 5.39% |
| BATON ROUGE, LA (FHA|USDA|VA) | 55 | $13,445,000 | $244,455 | $7,825 | 5.34% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 40 | $10,730,000 | $268,250 | $5,993 | 4.56% |
| KNOXVILLE, TN (FHA|USDA|VA) | 43 | $10,475,000 | $243,605 | $7,747 | 5.08% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 37 | $8,745,000 | $236,351 | $6,626 | 5.11% |
| Outside of Metro Areas | 42 | $8,360,000 | $199,048 | $5,433 | 5.41% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 22 | $8,100,000 | $368,182 | $13,702 | 5.03% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 45 | $7,915,000 | $175,889 | $6,615 | 5.25% |
| ASHEVILLE, NC (FHA|USDA|VA) | 21 | $7,395,000 | $352,143 | $6,593 | 4.70% |
| Crawfordsville, IN (FHA|USDA|VA) | 45 | $7,295,000 | $162,111 | $4,231 | 4.64% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 22 | $6,360,000 | $289,091 | $6,497 | 5.02% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 22 | $5,430,000 | $246,818 | $7,201 | 5.41% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 29 | $4,835,000 | $166,724 | $5,291 | 5.46% |
| Sevierville, TN (FHA|USDA|VA) | 10 | $4,270,000 | $427,000 | $10,657 | 5.26% |
| APPLETON, WI (FHA|USDA|VA) | 21 | $4,115,000 | $195,952 | $6,543 | 5.30% |
| North Vernon, IN (FHA|USDA|VA) | 22 | $3,240,000 | $147,273 | $5,244 | 5.08% |
| Brevard, NC (FHA|USDA|VA) | 10 | $2,940,000 | $294,000 | $6,767 | 4.41% |
| MORRISTOWN, TN (FHA|USDA|VA) | 10 | $2,080,000 | $208,000 | $7,831 | 6.04% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $1,915,000 | $273,571 | $10,771 | 6.25% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 7 | $1,895,000 | $270,714 | $6,943 | 5.89% |
| SAVANNAH, GA (FHA|USDA|VA) | 8 | $1,840,000 | $230,000 | $7,072 | 5.86% |
| RENO, NV (FHA|USDA|VA) | 5 | $1,825,000 | $365,000 | $8,729 | 3.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 5 | $1,805,000 | $361,000 | $6,471 | 4.65% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 6 | $1,640,000 | $273,333 | $6,848 | 3.96% |
| BURLINGTON, NC (FHA|USDA|VA) | 7 | $1,595,000 | $227,857 | $4,092 | 4.82% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 12 | $1,590,000 | $132,500 | $4,282 | 4.45% |
| COLUMBUS, IN (FHA|USDA|VA) | 7 | $1,505,000 | $215,000 | $4,534 | 5.66% |
| Palatka, FL (FHA|USDA|VA) | 6 | $1,260,000 | $210,000 | $4,317 | 4.77% |
| LAFAYETTE, LA (FHA|USDA|VA) | 4 | $1,230,000 | $307,500 | $5,798 | 4.66% |
| DECATUR, AL (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $10,713 | 5.75% |
| WILMINGTON, NC (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $5,588 | 5.33% |
| Frankfort, IN (FHA|USDA|VA) | 7 | $1,045,000 | $149,286 | $4,517 | 5.29% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $7,316 | 4.72% |
| Scottsburg, IN (FHA|USDA|VA) | 5 | $815,000 | $163,000 | $4,942 | 5.53% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $7,630 | 3.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $17,489 | 5.44% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $5,986 | 4.75% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $7,472 | 4.54% |
| HAMMOND, LA (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $5,396 | 4.46% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $6,728 | 4.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $4,144 | 5.06% |
| Madison, IN (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $5,659 | 5.83% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $6,265 | 5.31% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $8,884 | 6.44% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $8,546 | 6.17% |
| Bay City, TX (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $14,168 | 6.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $10,903 | 6.06% |
| New Castle, IN (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $5,351 | 5.94% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $7,033 | 6.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $5,537 | 5.75% |
| Boone, NC (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $3,928 | 5.50% |
| Rockingham, NC (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $7,888 | 4.96% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $4,001 | 5.58% |
| Manitowoc, WI (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $7,515 | 4.50% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,794 | 5.75% |
| FOND DU LAC, WI (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $3,961 | 5.71% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $18,876 | 4.63% |
| Cullman, AL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $9,044 | 7.63% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 3.25% |
| Newport, TN (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $7,403 | 5.63% |
| Fernley, NV (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,965 | 3.75% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $6,307 | 7.13% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $6,499 | 6.38% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,375 | 5.44% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,874 | 6.63% |
| GREEN BAY, WI (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,534 | 5.44% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,047 | 7.13% |
| Bedford, IN (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $5,202 | 5.44% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,947 | 5.63% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,276 | 3.75% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,011 | 6.50% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,192 | 3.75% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,512 | 5.50% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $10,978 | 3.38% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,784 | 5.50% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,055 | 5.38% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,603 | 6.00% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,412 | 3.25% |
| Jesup, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,149 | 5.63% |
| Picayune, MS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,937 | 6.63% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,793 | 7.25% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,441 | 3.50% |
| Greensburg, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,403 | 4.25% |
| Corinth, MS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,475 | 3.38% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,233 | 6.25% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,297 | 3.13% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,224 | 5.38% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,549 | 6.00% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,147 | 6.50% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,318 | 5.25% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,448 | 5.00% |
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Product Mix
For 2022, Wolfe Financial Inc's most frequently originated type of loan was Conventional, with 758 originations. Their 2nd most popular type was FHA, with 303 originations.
Loan Reason
For 2022, Wolfe Financial Inc's most frequently cited loan purpose was Home Purchase, with 1,065 originations. The 2nd most popular reason was Cash Out Refi, with 109 originations.
Loan Duration/Length
For 2022, Wolfe Financial Inc's most frequently cited loan duration was 30 Year, with 1,212 originations. The 2nd most popular length was 15 Year, with 30 originations.
Origination Fees/Closing Costs
Wolfe Financial Inc's average total fees were $6,778, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 408 originations.
Interest Rates
During 2022, Wolfe Financial Inc's average interest rate for loans was 5.21%, while their most frequently originated rate bucket for loans was 5-6%, with 421 originations.
Loan Sizing
2022 saw Wolfe Financial Inc place emphasis on $200k-400k loans with 535 originations, totaling $149,015,000 in origination value.
Applicant Income
Wolfe Financial Inc lent most frequently to those with incomes in the $50k-75k range, with 365 originations. The second most popular income band? $50k or less, with 275 originations.
Applicant Debt to Income Ratio
Wolfe Financial Inc lent most frequently to those with DTI ratios of 30-36%, with 210 originations. The next most common DTI ratio? 20-30%, with 189 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.73%
Wolfe Financial Inc has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination69.69%
Wolfe Financial Inc has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,257 | $302,735,000 | $240,839 |