Anchor Loans Lp Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300623VT8YKPHWM78

Tax ID: 46-3223427

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

Jump to:

Mortgage Data

Review & Overview

Anchor Loans Lp is a small mortgage company specializing in Home Purchase and Refi loans. Anchor Loans Lp has a high proportion of conventional loans.

Anchor Loans Lp has a below average approval rate when compared to the average across all lenders. 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 6.27% 5/13/24
30 Year Conventional Refi 6.27% 5/13/24
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.

Anchor Loans Lp Mortgage Calculator






Your Estimates

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

This is not an official calculator from Anchor Loans Lp. 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

1,422

Origination Dollar Volume (All Markets)

$1,092,420,000

Relative Rate

Anchor Loans Lp's average 30 year fixed mortgage rate was 8.57%.

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

This yields a difference of 2.09%.

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
Outside of Metro Areas 1,422 $1,092,420,000 $768,228 $0 9.63%
Anchor Loans Lp's top markets include

Their top states include:
  • California (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,422 $1,092,420,000 $768,228 $0 9.63%

    For 2023, Anchor Loans Lp's most frequently originated type of loan was Conventional, with 1,422 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,099 $589,085,000 $536,019 $0 9.55%
    Refi 323 $503,335,000 $1,558,313 $0 9.89%

    For 2023, Anchor Loans Lp's most frequently cited loan purpose was Home Purchase, with 1,099 originations. The 2nd most popular reason was Refi, with 323 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    1 Year 1,219 $690,915,000 $566,788 $0 9.57%
    Other 195 $399,625,000 $2,049,359 $0 10.06%
    30 Year 8 $1,880,000 $235,000 $0 8.57%

    For 2023, Anchor Loans Lp's most frequently cited loan duration was 1 Year, with 1,219 originations. The 2nd most popular length was Other, with 195 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 1,420 $1,091,780,000 $768,859
    7-8% 2 $640,000 $320,000

    During 2023, Anchor Loans Lp's average interest rate for loans was 8.57%, while their most frequently originated rate bucket for loans was Over 8%, with 1,420 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 384 $57,440,000 $149,583 $0 9.54%
    $200k-400k 322 $88,060,000 $273,478 $0 9.54%
    $1MM+ 315 $728,735,000 $2,313,444 $0 9.94%
    $600k-1MM 179 $144,085,000 $804,944 $0 9.56%
    $400k-600k 137 $67,385,000 $491,861 $0 9.49%
    $100,000 or less 85 $6,715,000 $79,000 $0 9.55%

    2023 saw Anchor Loans Lp place emphasis on $100k-200k loans with 384 originations, totaling $57,440,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 1,421 $1,090,585,000 $767,477 $0 9.63%
    Native Hawaiian or Islander 1 $1,835,000 $1,835,000 $0 10.50%

    Approval Rates

    Total approvals of all applications
    63.54%

    Anchor Loans Lp has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,422 $1,092,420,000 $768,228

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,422 $1,092,420,000 $768,228

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $9,465,000 $498,158 $0 9.38%
    40-60% 283 $153,635,000 $542,880 $0 9.45%
    60-80% 1,098 $902,680,000 $822,113 $0 9.68%
    80-100% 4 $1,770,000 $442,500 $0 10.13%
    Over 100% 18 $24,870,000 $1,381,667 $0 9.46%