Anchor Loans Lp Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300623VT8YKPHWM78
Tax ID: 46-3223427
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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 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. 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 | 6.27% | 9/18/23 |
| 30 Year Conventional Refi | 6.27% | 9/18/23 |
| 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. | ||
Anchor Loans Lp Mortgage Calculator
Your Estimates
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This is not an official calculator from Anchor Loans Lp. 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
2,757Origination Dollar Volume (All Markets)
$1,513,035,000Relative Rate
Anchor Loans Lp's average 30 year fixed mortgage rate was
6.96%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 2.2%.
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 | 2,757 | $1,513,035,000 | $548,798 | $0 | 8.03% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 2,757 | $1,513,035,000 | $548,798 | $0 | 8.03% |
For 2022, Anchor Loans Lp's most frequently originated type of loan was Conventional, with 2,757 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 2,406 | $1,122,430,000 | $466,513 | $0 | 8.02% |
| Refi | 351 | $390,605,000 | $1,112,835 | $0 | 8.10% |
For 2022, Anchor Loans Lp's most frequently cited loan purpose was Home Purchase, with 2,406 originations. The 2nd most popular reason was Refi, with 351 originations.
Loan Duration/Length
For 2022, Anchor Loans Lp's most frequently cited loan duration was 1 Year, with 2,416 originations. The 2nd most popular length was Other, with 292 originations.
Interest Rates
During 2022, Anchor Loans Lp's average interest rate for loans was 6.96%, while their most frequently originated rate bucket for loans was Over 8%, with 1,243 originations.
Loan Sizing
2022 saw Anchor Loans Lp place emphasis on $200k-400k loans with 880 originations, totaling $248,080,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 2,753 | $1,508,365,000 | $547,899 | $0 | 8.03% |
| Native Hawaiian or Islander | 4 | $4,670,000 | $1,167,500 | $0 | 7.31% |
Approval Rates
Total approvals of all applications100.00%
Anchor Loans Lp has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination52.41%
Anchor Loans Lp 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 | 2,757 | $1,513,035,000 | $548,798 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,757 | $1,513,035,000 | $548,798 |