Anchor Loans Lp Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300623VT8YKPHWM78

Tax ID: 46-3223427

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Anchor Loans Lp is a small mortgage company specializing in Home Purchase loans. Anchor Loans Lp has a high proportion of conventional loans. Their top markets include Anchor Loans Lp 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.


Originations

2,502

Origination Dollar Volume (All Markets)

$1,308,000,000

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Outside of Metro Areas 2,502 $1,308,000,000 $522,782 $0 7.74%

Anchor Loans Lp's top markets include

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,502 $1,308,000,000 $522,782 $0 7.74%

For the 2021 period, Anchor Loans Lp's most frequently originated loan type of loans were Conventional, with 2,502 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 2,189 $1,123,455,000 $513,228 $0 7.74%
Refi 313 $184,545,000 $589,601 $0 7.73%

For the 2021, Anchor Loans Lp's most frequently cited loan purpose of loans were Home Purchase, with 2,189 originations. The 2nd most popular reason of loans were Refi, with 313 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
1 Year 2,200 $1,049,530,000 $477,059 $0 7.76%
Other 302 $258,470,000 $855,861 $0 7.62%

For the 2021, Anchor Loans Lp's most frequently cited loan length of loans were 1 Year, with 2,200 originations. The 2nd most popular length of loans were Other, with 302 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
7-8% 1,316 $722,840,000 $549,271
6-7% 696 $290,920,000 $417,989
Over 8% 490 $294,240,000 $600,490

During 2021, Anchor Loans Lp's average interest rate of loans were 0.00%, while their most frequently originated rate bucket of loans were 7-8%, with 1,316 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 615 $172,295,000 $280,154 $0 7.77%
$100k-200k 599 $87,825,000 $146,619 $0 7.78%
$400k-600k 399 $197,315,000 $494,524 $0 7.63%
$600k-1MM 369 $277,075,000 $750,881 $0 7.65%
$1MM+ 280 $555,340,000 $1,983,357 $0 7.87%
$100,000 or less 240 $18,150,000 $75,625 $0 7.75%

2021 saw Anchor Loans Lp place emphasis on $200k-400k loans with 615 originations, totaling $172,295,000 in origination value.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 2,502 $1,308,000,000 $522,782 $0 7.74%

Approval Rates

Total approvals of all applications
98.87%

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 origination
63.56%

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 2,502 $1,308,000,000 $522,782

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,502 $1,308,000,000 $522,782

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 11 $3,655,000 $332,273 $0 8.16%
40-60% 206 $70,140,000 $340,485 $0 8.02%
60-80% 2,055 $1,073,295,000 $522,285 $0 7.72%
80-100% 166 $78,100,000 $470,482 $0 7.22%
Over 100% 51 $79,385,000 $1,556,569 $0 8.02%
Under 20% 13 $3,425,000 $263,462 $0 12.69%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Anchor Loans, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%