Anchor Loans Lp Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 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. Their top markets by origination volume include: Los Angeles, San Diego, Atlanta, San Francisco, and Riverside among others. We have data for 145 markets. (Some data included below & more in-depth data is available with an active subscription.)

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.

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% 11/22/24
30 Year Conventional Refi 6.27% 11/22/24
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

3,044

Origination Dollar Volume (All Markets)

$1,129,160,000

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 717 $642,215,000 $895,697 $0 8.69%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 256 $112,120,000 $437,969 $0 7.88%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 615 $67,725,000 $110,122 $0 7.36%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 75 $62,265,000 $830,200 $0 8.90%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 245 $46,125,000 $188,265 $0 9.04%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 169 $36,975,000 $218,787 $0 8.99%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $11,175,000 $3,725,000 $0 8.32%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 47 $10,455,000 $222,447 $0 9.01%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 86 $9,930,000 $115,465 $0 9.50%
KANSAS CITY, MO-KS (FHA|USDA|VA) 52 $7,450,000 $143,269 $0 8.31%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 45 $6,955,000 $154,556 $0 10.46%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 28 $6,780,000 $242,143 $0 8.59%
DAYTON-KETTERING, OH (FHA|USDA|VA) 60 $5,340,000 $89,000 $0 8.45%
FRESNO, CA (FHA|USDA|VA) 35 $5,025,000 $143,571 $0 8.49%
SALINAS, CA (FHA|USDA|VA) 5 $4,635,000 $927,000 $0 10.60%
Outside of Metro Areas 18 $4,310,000 $239,444 $0 7.80%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 13 $3,765,000 $289,615 $0 10.24%
RICHMOND, VA (FHA|USDA|VA) 22 $3,700,000 $168,182 $0 8.83%
NAPA, CA (FHA|USDA|VA) 2 $3,190,000 $1,595,000 $0 8.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 7 $2,995,000 $427,857 $0 8.78%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 18 $2,730,000 $151,667 $0 10.11%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 26 $2,670,000 $102,692 $0 9.11%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 22 $2,610,000 $118,636 $0 8.51%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 15 $2,465,000 $164,333 $0 9.53%
LOUISVILLE, KY (FHA|USDA|VA) 16 $2,400,000 $150,000 $0 12.56%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 23 $2,335,000 $101,522 $0 10.03%
VALLEJO, CA (FHA|USDA|VA) 9 $2,115,000 $235,000 $0 8.66%
WARNER ROBINS, GA (FHA|USDA|VA) 29 $2,075,000 $71,552 $0 7.25%
REDDING, CA (FHA|USDA|VA) 9 $1,975,000 $219,444 $0 9.00%
STOCKTON, CA (FHA|USDA|VA) 10 $1,880,000 $188,000 $0 8.45%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 4 $1,680,000 $420,000 $0 8.96%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $1,660,000 $830,000 $0 9.13%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $1,650,000 $825,000 $0 7.99%
MODESTO, CA (FHA|USDA|VA) 9 $1,575,000 $175,000 $0 8.44%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 16 $1,500,000 $93,750 $0 9.80%
ST. LOUIS, MO-IL (FHA|USDA|VA) 10 $1,460,000 $146,000 $0 9.59%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 16 $1,380,000 $86,250 $0 8.56%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 12 $1,370,000 $114,167 $0 9.32%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 7 $1,345,000 $192,143 $0 9.29%
GAINESVILLE, GA (FHA|USDA|VA) 14 $1,280,000 $91,429 $0 7.36%
OKLAHOMA CITY, OK (FHA|USDA|VA) 7 $1,235,000 $176,429 $0 9.57%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 4 $1,210,000 $302,500 $0 9.20%
Jefferson, GA (FHA|USDA|VA) 9 $1,205,000 $133,889 $0 7.25%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $1,185,000 $1,185,000 $0 9.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $1,140,000 $285,000 $0 7.85%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 6 $1,130,000 $188,333 $0 10.07%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 9 $1,095,000 $121,667 $0 8.72%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 16 $1,090,000 $68,125 $0 7.36%
PITTSBURGH, PA (FHA|USDA|VA) 7 $1,015,000 $145,000 $0 11.00%
LaGrange, GA-AL (FHA|USDA|VA) 14 $940,000 $67,143 $0 7.25%
RACINE, WI (FHA|USDA|VA) 7 $935,000 $133,571 $0 7.78%
MUNCIE, IN (FHA|USDA|VA) 2 $890,000 $445,000 $0 7.45%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $870,000 $435,000 $0 8.38%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $820,000 $205,000 $0 8.99%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $770,000 $385,000 $0 8.13%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $770,000 $192,500 $0 8.56%
Calhoun, GA (FHA|USDA|VA) 5 $715,000 $143,000 $0 7.80%
Quincy, IL-MO (FHA|USDA|VA) 1 $715,000 $715,000 $0 7.55%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 6 $670,000 $111,667 $0 8.70%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $635,000 $635,000 $0 7.78%
ROME, GA (FHA|USDA|VA) 12 $610,000 $50,833 $0 7.48%
EAST STROUDSBURG, PA (FHA|USDA|VA) 3 $575,000 $191,667 $0 11.00%
COLUMBUS, OH (FHA|USDA|VA) 5 $575,000 $115,000 $0 11.00%
AKRON, OH (FHA|USDA|VA) 6 $530,000 $88,333 $0 9.91%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 5 $505,000 $101,000 $0 9.60%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $505,000 $168,333 $0 8.67%
JACKSON, MS (FHA|USDA|VA) 4 $500,000 $125,000 $0 9.67%
MERCED, CA (FHA|USDA|VA) 4 $500,000 $125,000 $0 8.75%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 4 $480,000 $120,000 $0 10.55%
SANTA FE, NM (FHA|USDA|VA) 2 $480,000 $240,000 $0 10.00%
WORCESTER, MA-CT (FHA|USDA|VA) 3 $455,000 $151,667 $0 11.00%
FORT WAYNE, IN (FHA|USDA|VA) 2 $450,000 $225,000 $0 8.75%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $440,000 $220,000 $0 9.84%
Hilo, HI (FHA|USDA|VA) 1 $415,000 $415,000 $0 7.65%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $395,000 $131,667 $0 10.00%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $390,000 $195,000 $0 8.06%
KNOXVILLE, TN (FHA|USDA|VA) 3 $375,000 $125,000 $0 8.95%
YORK-HANOVER, PA (FHA|USDA|VA) 3 $355,000 $118,333 $0 8.06%
ANN ARBOR, MI (FHA|USDA|VA) 2 $340,000 $170,000 $0 9.97%
LAWTON, OK (FHA|USDA|VA) 4 $340,000 $85,000 $0 12.50%
Adrian, MI (FHA|USDA|VA) 3 $335,000 $111,667 $0 9.82%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 3 $335,000 $111,667 $0 10.23%
SPRINGFIELD, MA (FHA|USDA|VA) 3 $325,000 $108,333 $0 10.00%
BATON ROUGE, LA (FHA|USDA|VA) 2 $300,000 $150,000 $0 10.00%
Cedartown, GA (FHA|USDA|VA) 5 $295,000 $59,000 $0 7.25%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $295,000 $295,000 $0 9.75%
MADERA, CA (FHA|USDA|VA) 2 $280,000 $140,000 $0 10.25%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 2 $280,000 $140,000 $0 9.75%
TOLEDO, OH (FHA|USDA|VA) 4 $270,000 $67,500 $0 11.50%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $270,000 $135,000 $0 8.89%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $265,000 $265,000 $0 8.03%
Mountain Home, AR (FHA|USDA|VA) 2 $260,000 $130,000 $0 8.73%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $235,000 $235,000 $0 8.95%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $235,000 $235,000 $0 10.00%
CANTON-MASSILLON, OH (FHA|USDA|VA) 2 $230,000 $115,000 $0 12.00%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $195,000 $195,000 $0 7.33%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $190,000 $95,000 $0 10.00%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 2 $190,000 $95,000 $0 12.00%
ANCHORAGE, AK (FHA|USDA|VA) 1 $175,000 $175,000 $0 10.00%
BAY CITY, MI (FHA|USDA|VA) 1 $175,000 $175,000 $0 7.25%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $175,000 $175,000 $0 7.42%
WACO, TX (FHA|USDA|VA) 3 $175,000 $58,333 $0 8.95%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $160,000 $80,000 $0 10.00%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $145,000 $145,000 $0 8.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 11.00%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $145,000 $145,000 $0 9.00%
ROCHESTER, NY (FHA|USDA|VA) 1 $135,000 $135,000 $0 12.00%
EspaƱola, NM (FHA|USDA|VA) 1 $135,000 $135,000 $0 9.00%
Whitewater, WI (FHA|USDA|VA) 1 $135,000 $135,000 $0 8.00%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $130,000 $65,000 $0 9.00%
JACKSON, MI (FHA|USDA|VA) 1 $125,000 $125,000 $0 12.00%
Manitowoc, WI (FHA|USDA|VA) 1 $125,000 $125,000 $0 10.00%
MIDLAND, MI (FHA|USDA|VA) 1 $125,000 $125,000 $0 7.38%
CLEVELAND, TN (FHA|USDA|VA) 1 $125,000 $125,000 $0 8.95%
WILMINGTON, NC (FHA|USDA|VA) 1 $125,000 $125,000 $0 11.00%
VISALIA, CA (FHA|USDA|VA) 1 $115,000 $115,000 $0 11.00%
HAMMOND, LA (FHA|USDA|VA) 1 $115,000 $115,000 $0 10.00%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 2 $110,000 $55,000 $0 10.00%
KINGSTON, NY (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.75%
LUBBOCK, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.00%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $95,000 $95,000 $0 10.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $95,000 $95,000 $0 12.00%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 8.95%
YUBA CITY, CA (FHA|USDA|VA) 1 $95,000 $95,000 $0 8.00%
COLUMBIA, SC (FHA|USDA|VA) 1 $85,000 $85,000 $0 13.00%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $85,000 $85,000 $0 8.95%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $85,000 $85,000 $0 9.00%
ROANOKE, VA (FHA|USDA|VA) 1 $85,000 $85,000 $0 8.30%
ROCKFORD, IL (FHA|USDA|VA) 1 $85,000 $85,000 $0 9.00%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.08%
Brownsville, TN (FHA|USDA|VA) 1 $85,000 $85,000 $0 10.50%
TYLER, TX (FHA|USDA|VA) 1 $85,000 $85,000 $0 8.95%
DOVER, DE (FHA|USDA|VA) 1 $75,000 $75,000 $0 12.00%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.25%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 10.00%
New Castle, PA (FHA|USDA|VA) 1 $65,000 $65,000 $0 11.00%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.70%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.50%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $55,000 $55,000 $0 11.00%
MUSKEGON, MI (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.70%
PITTSFIELD, MA (FHA|USDA|VA) 1 $55,000 $55,000 $0 11.00%
Levelland, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.00%
Traverse City, MI (FHA|USDA|VA) 1 $55,000 $55,000 $0 11.00%
MANSFIELD, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 10.00%
PINE BLUFF, AR (FHA|USDA|VA) 1 $35,000 $35,000 $0 13.00%
Anchor Loans Lp's top markets include Los Angeles, San Diego, Atlanta, San Francisco, and Riverside among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,044 $1,129,160,000 $370,946 $0 8.52%

    For 2018, Anchor Loans Lp's most frequently originated type of loan was Conventional, with 3,044 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,102 $790,830,000 $376,227 $0 8.77%
    Refi 942 $338,330,000 $359,161 $0 7.95%

    For 2018, Anchor Loans Lp's most frequently cited loan purpose was Home Purchase, with 2,102 originations. The 2nd most popular reason was Refi, with 942 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 2,882 $1,078,060,000 $374,067 $0 8.59%
    3 Year 54 $10,570,000 $195,741 $0 7.32%
    5 Year 46 $7,220,000 $156,957 $0 7.66%
    1 Year 32 $25,070,000 $783,438 $0 6.89%
    30 Year 30 $8,240,000 $274,667 $0 7.12%

    For 2018, Anchor Loans Lp's most frequently cited loan duration was Other, with 2,882 originations. The 2nd most popular length was 3 Year, with 54 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 1,538 $505,610,000 $328,745
    Over 8% 1,328 $529,000,000 $398,343
    6-7% 178 $94,550,000 $531,180

    During 2018, Anchor Loans Lp's average interest rate for loans was 7.12%, while their most frequently originated rate bucket for loans was 7-8%, with 1,538 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 882 $58,600,000 $66,440 $0 8.50%
    $100k-200k 768 $112,010,000 $145,846 $0 8.63%
    $200k-400k 663 $193,685,000 $292,134 $0 8.56%
    $400k-600k 309 $148,085,000 $479,239 $0 8.53%
    $1MM+ 229 $472,195,000 $2,061,987 $0 8.41%
    $600k-1MM 193 $144,585,000 $749,145 $0 8.12%

    2018 saw Anchor Loans Lp place emphasis on $100,000 or less loans with 882 originations, totaling $58,600,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 3,011 $1,113,405,000 $369,779 $0 8.51%
    Not provided 24 $12,530,000 $522,083 $0 8.54%
    White 9 $3,225,000 $358,333 $0 9.58%

    Approval Rates

    Total approvals of all applications
    97.50%

    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
    68.23%

    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 3,044 $1,129,160,000 $370,946

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 27 $30,205,000 $1,118,704
    Single Family (1-4 Units):Manufactured 32 $2,730,000 $85,313
    Single Family (1-4 Units):Site-Built 2,985 $1,096,225,000 $367,245

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 108 $27,910,000 $258,426 $0 8.25%
    40-60% 968 $224,140,000 $231,550 $0 8.18%
    60-80% 1,871 $832,075,000 $444,722 $0 8.58%
    80-100% 58 $40,580,000 $699,655 $0 7.45%
    Under 20% 39 $4,455,000 $114,231 $0 16.31%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Anchor Loans, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%