Wolfe Financial Inc Mortgage Rates, Fees & Info

Raleigh, NC

LEI: 5493005XMJQ1GSXUGT67

Tax ID: 26-2429669

5 stars - Updated: 10/7/24 - out of 5 stars, based on 33 reviews

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

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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. They have a low ratio of USDA loans. Their top markets by origination volume include: Indianapolis, Houston, Memphis, Greensboro, and Killeen among others. We have data for 96 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.

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 8.28% 10/7/24
30 Year Conventional Refi 6.27% 10/7/24
30 Year Cash-out Refi 7.94% 10/7/24
30 Year FHA Purchase 8.07% 10/7/24
30 Year FHA Refi 7.95% 10/7/24
30 Year VA Purchase 6.27% 10/7/24
30 Year VA Refi 6.27% 10/7/24
30 Year USDA Purchase 6.27% 10/7/24
15 Year Conventional Purchase 5.68% 10/7/24
15 Year Conventional Refi 5.68% 10/7/24
15 Year Cash-out Refi 5.68% 10/7/24
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.

Wolfe Financial Inc Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Wolfe Financial Inc. 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

1,093

Origination Dollar Volume (All Markets)

$271,245,000
Show all (6) awards

Relative Rate

Wolfe Financial Inc's average 30 year fixed mortgage rate was 6.99%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.51%.

Relative Fees (Closing Costs)

Wolfe Financial Inc's average total fees/closing costs for a 30 year fixed rate mortgage were $7,446.

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 $9,089.

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
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 190 $48,130,000 $253,316 $5,319 7.15%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 78 $26,200,000 $335,897 $10,791 6.94%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 64 $21,300,000 $332,813 $11,646 6.67%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 75 $17,735,000 $236,467 $6,618 7.03%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 54 $13,790,000 $255,370 $6,813 6.80%
BATON ROUGE, LA (FHA|USDA|VA) 45 $12,355,000 $274,556 $9,932 6.78%
Crawfordsville, IN (FHA|USDA|VA) 64 $11,830,000 $184,844 $4,674 7.04%
Seymour, IN (FHA|USDA|VA) 61 $11,015,000 $180,574 $6,022 7.02%
Outside of Metro Areas 50 $9,610,000 $192,200 $6,676 7.09%
KNOXVILLE, TN (FHA|USDA|VA) 32 $8,930,000 $279,063 $9,645 7.04%
TERRE HAUTE, IN (FHA|USDA|VA) 48 $7,910,000 $164,792 $4,826 7.29%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 20 $5,710,000 $285,500 $8,356 7.26%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 17 $5,425,000 $319,118 $7,267 6.43%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 28 $5,420,000 $193,571 $8,069 6.89%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 19 $4,865,000 $256,053 $6,673 6.72%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 13 $4,745,000 $365,000 $13,679 6.58%
OCALA, FL (FHA|USDA|VA) 17 $4,305,000 $253,235 $11,068 7.26%
WINSTON-SALEM, NC (FHA|USDA|VA) 17 $3,645,000 $214,412 $5,736 7.01%
JACKSONVILLE, FL (FHA|USDA|VA) 10 $3,620,000 $362,000 $8,559 6.96%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 14 $3,280,000 $234,286 $7,045 7.04%
Sevierville, TN (FHA|USDA|VA) 8 $3,010,000 $376,250 $11,669 7.25%
North Vernon, IN (FHA|USDA|VA) 16 $2,790,000 $174,375 $6,901 6.89%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $2,575,000 $367,857 $14,946 6.38%
BLOOMINGTON, IN (FHA|USDA|VA) 9 $1,845,000 $205,000 $4,147 7.26%
SAVANNAH, GA (FHA|USDA|VA) 6 $1,780,000 $296,667 $10,130 7.13%
APPLETON, WI (FHA|USDA|VA) 9 $1,705,000 $189,444 $7,254 6.71%
COLUMBUS, IN (FHA|USDA|VA) 8 $1,570,000 $196,250 $6,859 7.09%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 7 $1,535,000 $219,286 $9,221 7.23%
MORRISTOWN, TN (FHA|USDA|VA) 6 $1,450,000 $241,667 $9,511 6.88%
HUNTSVILLE, AL (FHA|USDA|VA) 4 $1,230,000 $307,500 $5,544 7.22%
LOUISVILLE, KY (FHA|USDA|VA) 5 $1,005,000 $201,000 $8,473 7.43%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $800,000 $400,000 $5,149 6.94%
Frankfort, IN (FHA|USDA|VA) 4 $740,000 $185,000 $5,330 7.06%
BURLINGTON, NC (FHA|USDA|VA) 2 $710,000 $355,000 $3,868 7.50%
BRUNSWICK, GA (FHA|USDA|VA) 1 $655,000 $655,000 $14,541 7.63%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $635,000 $211,667 $6,337 6.25%
St. Marys, GA (FHA|USDA|VA) 2 $590,000 $295,000 $11,463 6.94%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $570,000 $285,000 $5,849 6.81%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 3 $535,000 $178,333 $5,172 6.38%
Huntsville, TX (FHA|USDA|VA) 2 $530,000 $265,000 $10,258 6.81%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $505,000 $505,000 $11,793 6.00%
New Castle, IN (FHA|USDA|VA) 3 $495,000 $165,000 $3,480 7.17%
ASHEVILLE, NC (FHA|USDA|VA) 1 $495,000 $495,000 $9,110 7.13%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $490,000 $245,000 $10,841 7.50%
North Wilkesboro, NC (FHA|USDA|VA) 2 $460,000 $230,000 $11,084 7.31%
KOKOMO, IN (FHA|USDA|VA) 2 $430,000 $215,000 $6,865 7.25%
JOHNSON CITY, TN (FHA|USDA|VA) 2 $410,000 $205,000 $8,347 6.94%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $405,000 $405,000 $11,998 6.75%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $395,000 $395,000 $8,785 6.88%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $380,000 $190,000 $7,694 6.75%
GAINESVILLE, FL (FHA|USDA|VA) 2 $370,000 $185,000 $8,079 7.31%
LAFAYETTE, LA (FHA|USDA|VA) 2 $370,000 $185,000 $9,646 6.63%
MONTGOMERY, AL (FHA|USDA|VA) 2 $360,000 $180,000 $5,436 6.69%
Peru, IN (FHA|USDA|VA) 3 $355,000 $118,333 $4,917 6.96%
Crossville, TN (FHA|USDA|VA) 1 $345,000 $345,000 $8,282 7.00%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $345,000 $345,000 $9,373 6.50%
Scottsburg, IN (FHA|USDA|VA) 2 $320,000 $160,000 $8,460 7.13%
GAINESVILLE, GA (FHA|USDA|VA) 1 $315,000 $315,000 $6,347 6.50%
Jefferson, GA (FHA|USDA|VA) 1 $305,000 $305,000 $11,508 6.88%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $305,000 $305,000 $14,904 7.25%
DALTON, GA (FHA|USDA|VA) 1 $295,000 $295,000 $11,132 6.25%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $295,000 $295,000 $9,383 6.13%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 2 $290,000 $145,000 $6,910 7.13%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $285,000 $285,000 $7,618 6.50%
CLEVELAND, TN (FHA|USDA|VA) 1 $265,000 $265,000 $7,077 7.25%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $265,000 $265,000 $4,051 7.88%
DECATUR, AL (FHA|USDA|VA) 2 $260,000 $130,000 $7,692 6.88%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $255,000 $255,000 $8,026 6.88%
ROME, GA (FHA|USDA|VA) 1 $255,000 $255,000 $13,000 7.63%
Laurinburg, NC (FHA|USDA|VA) 1 $245,000 $245,000 $9,583 6.75%
HINESVILLE, GA (FHA|USDA|VA) 1 $235,000 $235,000 $7,569 6.88%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $8,610 7.00%
FORT WAYNE, IN (FHA|USDA|VA) 1 $225,000 $225,000 $11,739 7.63%
Newport, TN (FHA|USDA|VA) 1 $215,000 $215,000 $5,289 6.50%
HAMMOND, LA (FHA|USDA|VA) 1 $215,000 $215,000 $10,368 7.13%
Greensburg, IN (FHA|USDA|VA) 1 $205,000 $205,000 $8,049 7.00%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $205,000 $205,000 $10,555 6.50%
Wabash, IN (FHA|USDA|VA) 1 $205,000 $205,000 $2,265 6.13%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $205,000 $205,000 $9,457 6.63%
Albemarle, NC (FHA|USDA|VA) 1 $205,000 $205,000 $7,267 6.63%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $195,000 $195,000 $11,215 7.75%
MUNCIE, IN (FHA|USDA|VA) 1 $195,000 $195,000 $2,892 7.63%
Bedford, IN (FHA|USDA|VA) 1 $195,000 $195,000 $7,425 7.13%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $175,000 $175,000 $6,679 5.63%
Athens, TN (FHA|USDA|VA) 1 $175,000 $175,000 $3,915 6.75%
FOND DU LAC, WI (FHA|USDA|VA) 1 $175,000 $175,000 $4,805 6.63%
Morgan City, LA (FHA|USDA|VA) 1 $165,000 $165,000 $6,225 6.63%
Marinette, WI-MI (FHA|USDA|VA) 1 $155,000 $155,000 $4,750 7.13%
GREEN BAY, WI (FHA|USDA|VA) 1 $155,000 $155,000 $11,564 7.25%
Brenham, TX (FHA|USDA|VA) 1 $155,000 $155,000 $8,612 6.63%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $135,000 $135,000 $5,402 6.50%
MONROE, LA (FHA|USDA|VA) 1 $125,000 $125,000 $6,098 7.50%
Albertville, AL (FHA|USDA|VA) 1 $125,000 $125,000 $6,817 7.13%
Mount Airy, NC (FHA|USDA|VA) 1 $125,000 $125,000 $4,859 6.13%
Rockingham, NC (FHA|USDA|VA) 1 $125,000 $125,000 $7,084 6.00%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $85,000 $85,000 $3,168 5.88%
Wolfe Financial Inc's top markets include Indianapolis, Houston, Memphis, Greensboro, and Killeen among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Wolfe Financial Inc based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The Riddell National Bank
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    ONE NEVADA CREDIT UNION
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    LAUNCH FEDERAL CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 636 $160,000,000 $251,572 $6,285 7.01%
    FHA 289 $66,995,000 $231,817 $10,298 6.95%
    VA 105 $33,595,000 $319,952 $7,647 6.88%
    USDA 63 $10,655,000 $169,127 $5,902 7.06%

    For 2023, Wolfe Financial Inc's most frequently originated type of loan was Conventional, with 636 originations. Their 2nd most popular type was FHA, with 289 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,007 $246,005,000 $244,295 $7,306 6.99%
    Refi 55 $17,685,000 $321,545 $9,800 6.71%
    Cash Out Refi 31 $7,555,000 $243,710 $8,253 7.18%

    For 2023, Wolfe Financial Inc's most frequently cited loan purpose was Home Purchase, with 1,007 originations. The 2nd most popular reason was Refi, with 55 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,088 $269,570,000 $247,767 $7,446 6.99%
    15 Year 4 $1,550,000 $387,500 $10,419 5.88%
    Other 1 $125,000 $125,000 $6,809 6.63%

    For 2023, Wolfe Financial Inc's most frequently cited loan duration was 30 Year, with 1,088 originations. The 2nd most popular length was 15 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 281 $98,475,000 $350,445
    $1k-2k 220 $43,320,000 $196,909
    $2k-3k 190 $37,120,000 $195,368
    $3k-4k 190 $37,780,000 $198,842
    $4k-5k 133 $32,865,000 $247,105
    $<1k 76 $21,170,000 $278,553

    Wolfe Financial Inc's average total fees were $7,446, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 281 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 496 $122,490,000 $246,956
    6-7% 493 $120,895,000 $245,223
    5-6% 78 $21,180,000 $271,538
    Over 8% 26 $6,680,000 $256,923

    During 2023, Wolfe Financial Inc's average interest rate for loans was 6.99%, while their most frequently originated rate bucket for loans was 7-8%, with 496 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 524 $144,340,000 $275,458 $8,256 7.02%
    $100k-200k 405 $63,275,000 $156,235 $5,420 6.96%
    $400k-600k 88 $41,640,000 $473,182 $12,180 6.81%
    $100,000 or less 50 $3,890,000 $77,800 $3,817 7.03%
    $600k-1MM 26 $18,100,000 $696,154 $14,129 7.12%

    2023 saw Wolfe Financial Inc place emphasis on $200k-400k loans with 524 originations, totaling $144,340,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 316 $66,870,000 $211,614 $6,913 6.92%
    $50k or less 292 $57,650,000 $197,432 $6,162 6.92%
    $75k-100k 182 $46,680,000 $256,484 $7,982 7.12%
    $100k-150k 178 $52,780,000 $296,517 $8,747 7.00%
    $150k-250k 81 $29,255,000 $361,173 $9,106 7.04%
    $250k+ 31 $15,095,000 $486,935 $10,760 7.15%

    Wolfe Financial Inc lent most frequently to those with incomes in the $50k-75k range, with 316 originations. The second most popular income band? $50k or less, with 292 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 165 $38,285,000 $232,030 $6,352 6.95%
    20-30% 148 $33,040,000 $223,243 $6,229 6.96%
    50-60% 125 $36,165,000 $289,320 $10,660 6.91%
    44% 68 $16,480,000 $242,353 $7,002 6.95%
    42% 58 $15,880,000 $273,793 $8,665 7.02%
    49% 49 $12,615,000 $257,449 $7,546 7.07%
    46% 47 $11,455,000 $243,723 $7,065 7.07%
    39% 45 $12,085,000 $268,556 $7,679 7.08%
    43% 44 $9,970,000 $226,591 $7,803 6.99%
    40% 43 $11,025,000 $256,395 $6,605 7.06%
    38% 42 $10,650,000 $253,571 $7,145 7.07%
    41% 42 $10,510,000 $250,238 $7,304 7.20%
    45% 41 $12,295,000 $299,878 $8,619 7.02%
    37% 40 $9,660,000 $241,500 $6,783 6.90%
    47% 39 $8,815,000 $226,026 $7,427 6.86%
    48% 33 $7,375,000 $223,485 $6,685 7.03%
    36% 33 $7,335,000 $222,273 $7,105 6.98%
    <20% 27 $6,115,000 $226,481 $6,833 6.89%
    >60% 4 $1,490,000 $372,500 $8,067 6.66%

    Wolfe Financial Inc lent most frequently to those with DTI ratios of 30-36%, with 165 originations. The next most common DTI ratio? 20-30%, with 148 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 975 $240,285,000 $246,446 $7,330 7.01%
    Black 86 $23,110,000 $268,721 $8,965 6.80%
    Asian 26 $6,770,000 $260,385 $7,540 6.70%
    Native Hawaiian or Islander 3 $575,000 $191,667 $6,010 6.63%
    American Indian 3 $505,000 $168,333 $5,980 7.08%

    Approval Rates

    Total approvals of all applications
    96.72%

    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 origination
    67.25%

    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 1,093 $271,245,000 $248,166

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,093 $271,245,000 $248,166

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 31 $4,715,000 $152,097 $5,054 6.60%
    40-60% 54 $13,150,000 $243,519 $6,422 6.77%
    60-80% 217 $53,915,000 $248,456 $7,080 7.03%
    80-100% 760 $189,540,000 $249,395 $7,544 7.00%
    Over 100% 31 $9,925,000 $320,161 $12,154 7.05%