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 smaller 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% | 11/21/24 |
| 30 Year Conventional Refi | 6.27% | 11/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,896Origination Dollar Volume (All Markets)
$973,380,000Top 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 | 1,896 | $973,380,000 | $513,386 | $0 | 8.45% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,896 | $973,380,000 | $513,386 | $0 | 8.45% |
For 2019, Anchor Loans Lp's most frequently originated type of loan was Conventional, with 1,896 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 1,470 | $691,540,000 | $470,435 | $0 | 8.54% |
| Refi | 426 | $281,840,000 | $661,596 | $0 | 8.16% |
For 2019, Anchor Loans Lp's most frequently cited loan purpose was Home Purchase, with 1,470 originations. The 2nd most popular reason was Refi, with 426 originations.
Loan Duration/Length
For 2019, Anchor Loans Lp's most frequently cited loan duration was Other, with 1,731 originations. The 2nd most popular length was 1 Year, with 130 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 838 | $403,370,000 | $481,348 |
| 7-8% | 820 | $497,620,000 | $606,854 |
| 6-7% | 238 | $72,390,000 | $304,160 |
During 2019, Anchor Loans Lp's average interest rate for loans was 7.13%, while their most frequently originated rate bucket for loans was Over 8%, with 838 originations.
Loan Sizing
2019 saw Anchor Loans Lp place emphasis on $100k-200k loans with 450 originations, totaling $64,450,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 1,896 | $973,380,000 | $513,386 | $0 | 8.45% |
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 origination56.12%
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 | 1,896 | $973,380,000 | $513,386 |