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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 4/24/24 |
| 30 Year Conventional Refi | 6.27% | 4/24/24 |
| 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
1,422Origination Dollar Volume (All Markets)
$1,092,420,000Relative 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% |
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
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
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 applications63.54%
Anchor Loans Lp has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to originationPoints 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 |