Wolfe Financial Inc Mortgage Rates, Fees & Info
Raleigh, NCLEI: 5493005XMJQ1GSXUGT67
Tax ID: 26-2429669
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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 include Indianapolis, Houston, Memphis, Jacksonville, and Greensboro among others. Wolfe Financial Inc has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Wolfe Financial Inc is typically an average fee lendor.Originations
2,853Origination Dollar Volume (All Markets)
$665,995,000Awards
Wolfe Financial Inc - 2021
Wolfe Financial Inc is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Wolfe Financial Inc's average 30 year fixed rate mortgage of loans were
3.19%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.04%.
Relative Fees
Wolfe Financial Inc's average total fees for a 30 year fixed rate
mortgage are $5,598.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 334 | $75,300,000 | $225,449 | $3,831 | 3.11% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 232 | $60,930,000 | $262,629 | $5,947 | 3.30% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 179 | $46,565,000 | $260,140 | $8,108 | 3.08% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 164 | $44,030,000 | $268,476 | $5,425 | 3.14% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 198 | $40,660,000 | $205,354 | $4,402 | 3.08% |
| RENO, NV (FHA|USDA|VA) | 113 | $38,125,000 | $337,389 | $6,393 | 3.24% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 141 | $36,155,000 | $256,418 | $4,658 | 3.11% |
| Seymour, IN (FHA|USDA|VA) | 188 | $30,190,000 | $160,585 | $4,445 | 3.24% |
| Outside of Metro Areas | 94 | $18,230,000 | $193,936 | $5,733 | 3.12% |
| Crawfordsville, IN (FHA|USDA|VA) | 104 | $17,110,000 | $164,519 | $4,170 | 3.18% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 63 | $15,835,000 | $251,349 | $5,003 | 2.96% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 76 | $13,330,000 | $175,395 | $6,398 | 3.05% |
| ASHEVILLE, NC (FHA|USDA|VA) | 45 | $12,985,000 | $288,556 | $4,026 | 3.13% |
| Sevierville, TN (FHA|USDA|VA) | 41 | $12,875,000 | $314,024 | $5,956 | 3.35% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 46 | $11,970,000 | $260,217 | $6,026 | 3.03% |
| APPLETON, WI (FHA|USDA|VA) | 57 | $11,615,000 | $203,772 | $5,673 | 3.12% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 28 | $11,590,000 | $413,929 | $10,688 | 3.24% |
| KNOXVILLE, TN (FHA|USDA|VA) | 43 | $11,045,000 | $256,860 | $6,661 | 3.16% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 25 | $9,925,000 | $397,000 | $8,776 | 3.15% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 43 | $8,505,000 | $197,791 | $5,052 | 3.02% |
| Fernley, NV (FHA|USDA|VA) | 26 | $8,460,000 | $325,385 | $6,596 | 3.21% |
| North Vernon, IN (FHA|USDA|VA) | 52 | $7,880,000 | $151,538 | $5,263 | 3.33% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 42 | $7,380,000 | $175,714 | $5,439 | 3.09% |
| Scottsburg, IN (FHA|USDA|VA) | 39 | $6,755,000 | $173,205 | $5,283 | 3.33% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 42 | $6,750,000 | $160,714 | $4,320 | 3.22% |
| Elko, NV (FHA|USDA|VA) | 24 | $6,470,000 | $269,583 | $5,824 | 3.10% |
| JACKSON, TN (FHA|USDA|VA) | 37 | $6,415,000 | $173,378 | $7,204 | 3.08% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 12 | $4,810,000 | $400,833 | $7,334 | 3.49% |
| COLUMBUS, IN (FHA|USDA|VA) | 27 | $4,765,000 | $176,481 | $5,122 | 3.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 20 | $4,750,000 | $237,500 | $6,647 | 2.96% |
| Brevard, NC (FHA|USDA|VA) | 18 | $4,310,000 | $239,444 | $4,308 | 3.00% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 19 | $3,725,000 | $196,053 | $6,492 | 3.32% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 12 | $3,250,000 | $270,833 | $5,603 | 2.93% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 17 | $3,235,000 | $190,294 | $3,794 | 3.19% |
| Oak Harbor, WA (FHA|USDA|VA) | 7 | $2,875,000 | $410,714 | $14,217 | 2.96% |
| CARSON CITY, NV (FHA|USDA|VA) | 11 | $2,745,000 | $249,545 | $4,900 | 2.94% |
| Fallon, NV (FHA|USDA|VA) | 6 | $1,980,000 | $330,000 | $6,445 | 3.23% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 6 | $1,970,000 | $328,333 | $6,543 | 3.25% |
| GAINESVILLE, FL (FHA|USDA|VA) | 9 | $1,715,000 | $190,556 | $5,990 | 3.47% |
| Huntsville, TX (FHA|USDA|VA) | 4 | $1,580,000 | $395,000 | $5,881 | 3.22% |
| BELLINGHAM, WA (FHA|USDA|VA) | 4 | $1,510,000 | $377,500 | $7,623 | 3.28% |
| CLEVELAND, TN (FHA|USDA|VA) | 6 | $1,460,000 | $243,333 | $4,795 | 2.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 6 | $1,400,000 | $233,333 | $5,324 | 2.96% |
| MORRISTOWN, TN (FHA|USDA|VA) | 7 | $1,325,000 | $189,286 | $5,000 | 3.20% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $3,800 | 3.16% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $5,305 | 3.05% |
| Madison, IN (FHA|USDA|VA) | 8 | $1,160,000 | $145,000 | $5,492 | 3.34% |
| Rockingham, NC (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $5,581 | 3.35% |
| Frankfort, IN (FHA|USDA|VA) | 7 | $1,105,000 | $157,857 | $4,069 | 3.48% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $10,237 | 2.96% |
| Boone, NC (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $5,417 | 3.31% |
| Shelby, NC (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $12,360 | 3.06% |
| GREEN BAY, WI (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $4,980 | 3.35% |
| Greensburg, IN (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $5,361 | 2.75% |
| SPARTANBURG, SC (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $3,940 | 2.97% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $4,570 | 2.94% |
| WILMINGTON, NC (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $4,204 | 2.92% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 5 | $785,000 | $157,000 | $4,014 | 3.38% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $7,138 | 3.19% |
| Crossville, TN (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $10,870 | 3.44% |
| BURLINGTON, NC (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $5,898 | 2.92% |
| Morehead City, NC (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $3,714 | 3.13% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $5,572 | 2.94% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $6,914 | 3.58% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $5,371 | 3.13% |
| McMinnville, TN (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $7,066 | 3.25% |
| MOBILE, AL (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $7,590 | 2.96% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $4,265 | 3.06% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $10,156 | 3.31% |
| Brownsville, TN (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $9,490 | 2.83% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,365 | 3.38% |
| DECATUR, AL (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $6,132 | 3.13% |
| MONTGOMERY, AL (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $7,379 | 2.96% |
| Bedford, IN (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $7,492 | 3.75% |
| Athens, TN (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $6,091 | 3.46% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $9,350 | 3.19% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $3,410 | 2.38% |
| Seneca, SC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,703 | 2.63% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $16,586 | 2.38% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $14,987 | 3.25% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $8,597 | 3.31% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $16,541 | 3.13% |
| Albertville, AL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,574 | 2.25% |
| Lawrenceburg, TN (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $8,359 | 2.88% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $4,454 | 2.69% |
| Palatka, FL (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $4,607 | 2.92% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,380 | 3.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $6,486 | 3.25% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,819 | 3.25% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,639 | 3.63% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $6,587 | 2.94% |
| Shawano, WI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,716 | 2.75% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,069 | 3.63% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $6,040 | 3.25% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,642 | 2.38% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,562 | 2.88% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,435 | 3.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,726 | 3.00% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,520 | 3.13% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,031 | 3.25% |
| El Campo, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,418 | 3.63% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,924 | 3.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,813 | 2.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,145 | 3.00% |
| Corinth, MS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,451 | 3.63% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,196 | 2.88% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,989 | 2.75% |
| Scottsboro, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,701 | 3.00% |
| Union City, TN (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $5,429 | 2.75% |
| Dayton, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,761 | 2.88% |
| Richmond, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,703 | 2.50% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,387 | 3.13% |
| Grenada, MS (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,302 | 3.25% |
| Paris, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,470 | 3.63% |
| Sanford, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,441 | 2.88% |
| Blytheville, AR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,869 | 2.50% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,266 | 3.25% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,473 | 3.50% |
| Winnemucca, NV (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,868 | 3.25% |
| DALTON, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,327 | 2.88% |
| Lake City, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,495 | 2.75% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,331 | 2.63% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,392 | 3.63% |
| Bay City, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,147 | 3.63% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,980 | 3.50% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,874 | 2.75% |
| New Castle, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,814 | 3.25% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,560 | 2.88% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,540 | 3.88% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,181 | 3.25% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,188 | 3.25% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,433 | 3.25% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,992 | 4.38% |
| Marion, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,657 | 3.00% |
| Wilson, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,312 | 3.25% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,753 | 2.75% |
| Forest City, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,641 | 3.25% |
| KOKOMO, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $447 | 3.25% |
| Logansport, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,962 | 3.63% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,679 | 4.50% |
| Manitowoc, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,349 | 3.63% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,036 | 3.38% |
Wolfe Financial Inc's top markets include Indianapolis, Houston, Memphis, Jacksonville, and Greensboro among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,789 | $438,685,000 | $245,212 | $4,534 | 3.15% |
| FHA | 582 | $122,030,000 | $209,674 | $8,018 | 3.24% |
| USDA | 271 | $43,155,000 | $159,244 | $4,966 | 3.12% |
| VA | 211 | $62,125,000 | $294,431 | $6,983 | 2.96% |
For the 2021 period, Wolfe Financial Inc's most frequently originated loan type of loans were Conventional, with 1,789 originations. Their 2nd most popular type is FHA, with 582 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 1,980 | $466,290,000 | $235,500 | $5,838 | 3.19% |
| Refi | 525 | $120,005,000 | $228,581 | $4,352 | 2.95% |
| Cash Out Refi | 344 | $78,360,000 | $227,791 | $4,994 | 3.26% |
| Home Improvement | 4 | $1,340,000 | $335,000 | $8,990 | 4.00% |
For the 2021, Wolfe Financial Inc's most frequently cited loan purpose of loans were Home Purchase, with 1,980 originations. The 2nd most popular reason of loans were Refi, with 525 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 2,601 | $614,495,000 | $236,253 | $5,598 | 3.19% |
| 15 Year | 159 | $30,615,000 | $192,547 | $3,896 | 2.68% |
| 20 Year | 58 | $14,160,000 | $244,138 | $4,528 | 2.92% |
| Other | 23 | $4,955,000 | $215,435 | $4,914 | 2.96% |
| 10 Year | 12 | $1,770,000 | $147,500 | $3,626 | 2.63% |
For the 2021, Wolfe Financial Inc's most frequently cited loan length of loans were 30 Year, with 2,601 originations. The 2nd most popular length of loans were 15 Year, with 159 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 1,503 | $343,075,000 | $228,260 |
| $3k-4k | 492 | $115,560,000 | $234,878 |
| $2k-3k | 432 | $78,110,000 | $180,810 |
| $<1k | 262 | $64,620,000 | $246,641 |
| $5k+ | 164 | $64,630,000 | $394,085 |
$5,598 of loans were Wolfe Financial Inc's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,503 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,631 | $389,095,000 | $238,562 |
| 2.5-3% | 954 | $214,250,000 | $224,581 |
| <2.5% | 203 | $49,625,000 | $244,458 |
| 4-5% | 65 | $13,025,000 | $200,385 |
During 2021, Wolfe Financial Inc's average interest rate of loans were 3.19%, while their most frequently originated rate bucket of loans were 3-4%, with 1,631 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 1,237 | $341,925,000 | $276,415 | $6,018 | 3.13% |
| $100k-200k | 1,178 | $179,020,000 | $151,969 | $4,640 | 3.17% |
| $400k-600k | 249 | $117,515,000 | $471,948 | $7,295 | 3.14% |
| $100,000 or less | 170 | $13,730,000 | $80,765 | $3,539 | 3.18% |
| $600k-1MM | 18 | $12,740,000 | $707,778 | $14,109 | 3.31% |
| $1MM+ | 1 | $1,065,000 | $1,065,000 | $15,207 | 3.75% |
2021 saw Wolfe Financial Inc place emphasis on $200k-400k loans with 1,237 originations, totaling $341,925,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 769 | $157,995,000 | $205,455 | $5,552 | 3.17% |
| $50k or less | 769 | $121,315,000 | $157,757 | $4,832 | 3.14% |
| $100k-150k | 513 | $151,725,000 | $295,760 | $5,799 | 3.18% |
| $75k-100k | 495 | $122,295,000 | $247,061 | $5,708 | 3.12% |
| $150k-250k | 243 | $83,785,000 | $344,794 | $5,738 | 3.15% |
| $250k+ | 61 | $27,765,000 | $455,164 | $6,524 | 3.14% |
Wolfe Financial Inc lent most frequently to those with incomes in the $50k-75k range, with 769 originations. The second most popular income band? $50k or less, with 769 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 554 | $123,410,000 | $222,762 | $4,683 | 3.12% |
| 30-36% | 505 | $117,035,000 | $231,752 | $5,110 | 3.14% |
| 50-60% | 186 | $47,090,000 | $253,172 | $8,535 | 3.15% |
| 40% | 138 | $31,440,000 | $227,826 | $5,164 | 3.26% |
| <20% | 135 | $29,215,000 | $216,407 | $4,372 | 3.03% |
| 44% | 130 | $30,510,000 | $234,692 | $5,704 | 3.20% |
| 38% | 125 | $28,115,000 | $224,920 | $5,473 | 3.24% |
| 41% | 116 | $27,420,000 | $236,379 | $5,610 | 3.23% |
| 39% | 110 | $24,240,000 | $220,364 | $5,733 | 3.18% |
| 42% | 104 | $26,630,000 | $256,058 | $6,242 | 3.21% |
| 36% | 100 | $20,700,000 | $207,000 | $4,802 | 3.12% |
| 43% | 98 | $22,770,000 | $232,347 | $5,162 | 3.16% |
| 37% | 96 | $21,790,000 | $226,979 | $5,187 | 3.13% |
| 45% | 92 | $22,630,000 | $245,978 | $6,279 | 3.18% |
| 49% | 91 | $24,305,000 | $267,088 | $6,121 | 3.24% |
| 47% | 78 | $18,930,000 | $242,692 | $6,107 | 3.27% |
| 46% | 77 | $18,955,000 | $246,169 | $5,673 | 3.14% |
| 48% | 72 | $18,540,000 | $257,500 | $6,122 | 3.14% |
| >60% | 5 | $1,655,000 | $331,000 | $9,448 | 3.08% |
Wolfe Financial Inc lent most frequently to those with DTI ratios of 20-30%, with 554 originations. The next most common DTI ratio? 30-36%, with 505 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 2,578 | $597,300,000 | $231,691 | $5,360 | 3.15% |
| Black | 179 | $42,795,000 | $239,078 | $6,602 | 3.17% |
| Asian | 76 | $21,540,000 | $283,421 | $6,142 | 3.20% |
| American Indian | 11 | $2,415,000 | $219,545 | $7,200 | 3.11% |
| Native Hawaiian | 4 | $700,000 | $175,000 | $5,516 | 2.94% |
| Other Asian | 2 | $630,000 | $315,000 | $8,281 | 3.13% |
| Asian Indian | 2 | $440,000 | $220,000 | $4,811 | 3.38% |
| Japanese | 1 | $175,000 | $175,000 | $3,495 | 3.38% |
Approval Rates
Total approvals of all applications96.92%
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 origination75.69%
Wolfe Financial Inc has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,853 | $665,995,000 | $233,437 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,853 | $665,995,000 | $233,437 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 44 | $6,970,000 | $158,409 | $3,740 | 2.76% |
| 40-60% | 186 | $38,510,000 | $207,043 | $4,215 | 2.89% |
| 60-80% | 854 | $206,570,000 | $241,885 | $4,701 | 3.20% |
| 80-100% | 1,726 | $401,580,000 | $232,665 | $5,878 | 3.17% |
| Over 100% | 41 | $12,215,000 | $297,927 | $11,794 | 3.00% |
| Under 20% | 2 | $150,000 | $75,000 | $2,896 | 2.38% |
