The Mortgage Firm Rates, Fees & Info

LOXAHATCHEE, FL

LEI: 5493007CXTOHZ2JBEJ61

Tax ID: 59-3345547

4.4 stars - Updated: 4/18/24 - out of 5 stars, based on 65 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

The Mortgage Firm is a small mortgage company specializing in Home Purchase loans. The Mortgage Firm has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Orlando, Tampa, Palm Bay, Miami, and Lakeland among others. We have data for 95 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Mortgage Firm 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. The Mortgage Firm is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) 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 6.95% 4/18/24
30 Year Conventional Refi 6.77% 4/18/24
30 Year Cash-out Refi 7.01% 4/18/24
30 Year FHA Purchase 7.61% 4/18/24
30 Year FHA Refi 7.32% 4/18/24
30 Year VA Purchase 6.51% 4/18/24
30 Year VA Refi 6.60% 4/18/24
30 Year USDA Purchase 6.95% 4/18/24
15 Year Conventional Purchase 6.34% 4/18/24
15 Year Conventional Refi 6.41% 4/18/24
15 Year Cash-out Refi 6.41% 4/18/24
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.

The Mortgage Firm Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from The Mortgage Firm. 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

4,259

Origination Dollar Volume (All Markets)

$1,278,825,000
Show all (11) awards

Relative Rate

The Mortgage Firm's average 30 year fixed mortgage rate was 6.8%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.32%.

Relative Fees (Closing Costs)

The Mortgage Firm's average total fees/closing costs for a 30 year fixed rate mortgage were $8,704.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 639 $209,435,000 $327,754 $9,058 6.75%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 561 $170,825,000 $304,501 $8,978 6.92%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 556 $165,840,000 $298,273 $7,975 6.91%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 395 $158,475,000 $401,203 $10,276 6.87%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 379 $96,365,000 $254,261 $8,979 6.55%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 316 $80,480,000 $254,684 $7,901 6.86%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 219 $64,125,000 $292,808 $8,376 6.77%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 148 $46,410,000 $313,581 $8,174 6.95%
PORT ST. LUCIE, FL (FHA|USDA|VA) 109 $36,545,000 $335,275 $9,664 6.79%
GAINESVILLE, FL (FHA|USDA|VA) 116 $30,670,000 $264,397 $7,072 6.79%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 74 $21,380,000 $288,919 $9,203 6.15%
PUNTA GORDA, FL (FHA|USDA|VA) 62 $18,550,000 $299,194 $8,585 7.17%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 70 $17,700,000 $252,857 $6,824 6.44%
BATON ROUGE, LA (FHA|USDA|VA) 67 $17,455,000 $260,522 $6,372 6.78%
OCALA, FL (FHA|USDA|VA) 67 $14,785,000 $220,672 $8,212 6.79%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 46 $12,820,000 $278,696 $11,441 6.91%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 40 $10,620,000 $265,500 $7,923 6.56%
JACKSONVILLE, FL (FHA|USDA|VA) 32 $9,750,000 $304,688 $8,713 6.81%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 23 $9,485,000 $412,391 $9,177 7.21%
Outside of Metro Areas 31 $7,485,000 $241,452 $8,825 6.74%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 22 $6,740,000 $306,364 $9,208 6.91%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 17 $5,905,000 $347,353 $11,742 7.09%
THE VILLAGES, FL (FHA|USDA|VA) 20 $4,270,000 $213,500 $6,890 6.72%
LAKE CHARLES, LA (FHA|USDA|VA) 22 $4,260,000 $193,636 $5,396 6.92%
PANAMA CITY, FL (FHA|USDA|VA) 14 $4,160,000 $297,143 $9,489 7.16%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 22 $4,150,000 $188,636 $7,194 7.02%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 19 $3,995,000 $210,263 $8,338 6.52%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 13 $3,185,000 $245,000 $6,689 6.82%
Lake City, FL (FHA|USDA|VA) 11 $2,715,000 $246,818 $8,715 6.82%
GAINESVILLE, GA (FHA|USDA|VA) 7 $2,495,000 $356,429 $8,821 6.87%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 7 $2,395,000 $342,143 $7,822 6.91%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 6 $2,230,000 $371,667 $7,744 6.49%
Vidalia, GA (FHA|USDA|VA) 10 $2,070,000 $207,000 $7,717 6.52%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $1,880,000 $470,000 $10,275 6.25%
MOBILE, AL (FHA|USDA|VA) 8 $1,820,000 $227,500 $7,848 6.72%
TALLAHASSEE, FL (FHA|USDA|VA) 9 $1,775,000 $197,222 $5,741 6.85%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $1,775,000 $355,000 $15,248 6.72%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 6 $1,620,000 $270,000 $10,723 5.56%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $1,400,000 $350,000 $7,424 6.72%
HAMMOND, LA (FHA|USDA|VA) 4 $1,120,000 $280,000 $5,343 6.97%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $905,000 $301,667 $11,503 6.71%
HINESVILLE, GA (FHA|USDA|VA) 2 $810,000 $405,000 $11,318 7.13%
ASHEVILLE, NC (FHA|USDA|VA) 3 $735,000 $245,000 $7,968 6.71%
Opelousas, LA (FHA|USDA|VA) 1 $665,000 $665,000 $13,895 7.00%
Palatka, FL (FHA|USDA|VA) 3 $645,000 $215,000 $7,494 6.79%
KNOXVILLE, TN (FHA|USDA|VA) 1 $635,000 $635,000 $5,806 7.63%
LAFAYETTE, LA (FHA|USDA|VA) 3 $615,000 $205,000 $5,258 7.21%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $575,000 $191,667 $5,452 7.38%
JACKSON, TN (FHA|USDA|VA) 3 $565,000 $188,333 $4,073 5.42%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $545,000 $545,000 $7,792 7.13%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $510,000 $255,000 $11,041 5.25%
GADSDEN, AL (FHA|USDA|VA) 2 $480,000 $240,000 $7,815 5.94%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $480,000 $240,000 $4,060 7.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $455,000 $455,000 $10,633 6.63%
Key West, FL (FHA|USDA|VA) 1 $435,000 $435,000 $14,673 6.99%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $420,000 $210,000 $6,466 6.75%
Arcadia, FL (FHA|USDA|VA) 1 $415,000 $415,000 $19,402 7.13%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $410,000 $205,000 $5,252 6.31%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $405,000 $405,000 $3,178 6.88%
MONROE, LA (FHA|USDA|VA) 2 $380,000 $190,000 $6,082 7.12%
Atmore, AL (FHA|USDA|VA) 2 $380,000 $190,000 $3,682 6.69%
Clewiston, FL (FHA|USDA|VA) 1 $365,000 $365,000 $8,928 6.88%
Summerville, GA (FHA|USDA|VA) 1 $365,000 $365,000 $3,707 6.50%
DOTHAN, AL (FHA|USDA|VA) 1 $345,000 $345,000 $4,869 5.75%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $340,000 $170,000 $7,364 6.63%
Okeechobee, FL (FHA|USDA|VA) 1 $335,000 $335,000 $6,589 6.00%
DECATUR, AL (FHA|USDA|VA) 1 $325,000 $325,000 $10,290 5.50%
Albertville, AL (FHA|USDA|VA) 2 $320,000 $160,000 $4,933 5.75%
SAVANNAH, GA (FHA|USDA|VA) 2 $310,000 $155,000 $6,160 6.31%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $305,000 $305,000 $16,017 6.63%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $285,000 $285,000 $4,582 8.13%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $275,000 $275,000 $9,972 6.50%
SPARTANBURG, SC (FHA|USDA|VA) 1 $275,000 $275,000 $7,157 7.13%
Laurinburg, NC (FHA|USDA|VA) 1 $275,000 $275,000 $13,011 6.63%
RICHMOND, VA (FHA|USDA|VA) 1 $265,000 $265,000 $11,252 6.25%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $255,000 $255,000 $12,232 6.50%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $255,000 $255,000 $8,259 5.50%
Bonham, TX (FHA|USDA|VA) 1 $245,000 $245,000 $6,293 6.99%
Lewisburg, TN (FHA|USDA|VA) 1 $245,000 $245,000 $7,146 5.75%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $245,000 $245,000 $11,940 9.13%
Toccoa, GA (FHA|USDA|VA) 1 $245,000 $245,000 $5,193 7.38%
WILMINGTON, NC (FHA|USDA|VA) 1 $225,000 $225,000 $3,272 7.63%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $205,000 $205,000 $12,528 4.99%
Cullowhee, NC (FHA|USDA|VA) 1 $205,000 $205,000 $7,309 7.75%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $195,000 $195,000 $6,900 8.38%
Madisonville, KY (FHA|USDA|VA) 1 $195,000 $195,000 $7,075 5.63%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $175,000 $175,000 $6,935 7.50%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $175,000 $175,000 $4,652 5.99%
Fort Polk South, LA (FHA|USDA|VA) 1 $165,000 $165,000 $4,745 7.50%
McMinnville, TN (FHA|USDA|VA) 2 $160,000 $80,000 $3,344 6.00%
Lufkin, TX (FHA|USDA|VA) 1 $135,000 $135,000 $6,616 6.38%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $135,000 $135,000 $4,938 6.62%
DeRidder, LA (FHA|USDA|VA) 1 $125,000 $125,000 $5,384 6.88%
ALEXANDRIA, LA (FHA|USDA|VA) 1 $125,000 $125,000 $6,956 7.13%
ALBANY, GA (FHA|USDA|VA) 1 $105,000 $105,000 $4,952 5.63%
The Mortgage Firm's top markets include Orlando, Tampa, Palm Bay, Miami, and Lakeland among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against THE MORTGAGE FIRM based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,930 $882,460,000 $301,181 $7,383 6.87%
    FHA 957 $264,945,000 $276,850 $12,019 6.68%
    VA 355 $127,415,000 $358,915 $9,864 6.59%
    USDA 17 $4,005,000 $235,588 $9,572 6.27%

    For 2023, The Mortgage Firm's most frequently originated type of loan was Conventional, with 2,930 originations. Their 2nd most popular type was FHA, with 957 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 4,047 $1,227,345,000 $303,273 $8,689 6.79%
    Cash Out Refi 175 $41,725,000 $238,429 $8,245 7.06%
    Refi 36 $9,590,000 $266,389 $7,132 6.71%
    Home Improvement 1 $165,000 $165,000 $6,353 6.99%

    For 2023, The Mortgage Firm's most frequently cited loan purpose was Home Purchase, with 4,047 originations. The 2nd most popular reason was Cash Out Refi, with 175 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,179 $1,259,955,000 $301,497 $8,704 6.80%
    15 Year 55 $15,615,000 $283,909 $7,409 6.41%
    10 Year 13 $125,000 $9,615 $144 9.63%
    20 Year 10 $2,010,000 $201,000 $5,976 6.90%
    30+ year 1 $405,000 $405,000 $8,202 7.99%
    Other 1 $715,000 $715,000 $24,138 7.75%

    For 2023, The Mortgage Firm's most frequently cited loan duration was 30 Year, with 4,179 originations. The 2nd most popular length was 15 Year, with 55 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,198 $459,060,000 $383,189
    $2k-3k 1,048 $270,080,000 $257,710
    $1k-2k 762 $213,590,000 $280,302
    $4k-5k 538 $153,110,000 $284,591
    $3k-4k 530 $136,090,000 $256,774
    $<1k 124 $33,170,000 $267,500

    The Mortgage Firm's average total fees were $8,704, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,198 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 2,336 $690,810,000 $295,723
    7-8% 1,295 $423,695,000 $327,178
    5-6% 520 $132,200,000 $254,231
    Over 8% 98 $29,730,000 $303,367
    4-5% 7 $2,355,000 $336,429
    <2.5% 3 $35,000 $11,667

    During 2023, The Mortgage Firm's average interest rate for loans was 6.80%, while their most frequently originated rate bucket for loans was 6-7%, with 2,336 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,406 $693,140,000 $288,088 $8,987 6.83%
    $100k-200k 937 $148,415,000 $158,394 $5,908 6.66%
    $400k-600k 565 $266,545,000 $471,761 $11,245 6.87%
    $600k-1MM 185 $127,935,000 $691,541 $12,606 6.96%
    $100,000 or less 145 $9,845,000 $67,897 $3,734 6.70%
    $1MM+ 21 $32,945,000 $1,568,810 $20,408 7.13%

    2023 saw The Mortgage Firm place emphasis on $200k-400k loans with 2,406 originations, totaling $693,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,094 $351,750,000 $321,527 $9,230 6.86%
    $50k-75k 957 $207,595,000 $216,923 $7,671 6.64%
    $75k-100k 914 $247,300,000 $270,569 $8,695 6.81%
    $150k-250k 632 $249,240,000 $394,367 $9,556 6.97%
    $50k or less 366 $56,470,000 $154,290 $6,270 6.51%
    $250k+ 296 $166,470,000 $562,399 $10,736 7.08%

    The Mortgage Firm lent most frequently to those with incomes in the $100k-150k range, with 1,094 originations. The second most popular income band? $50k-75k, with 957 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 609 $182,275,000 $299,302 $7,929 6.80%
    20-30% 473 $138,615,000 $293,055 $7,627 6.79%
    50-60% 370 $117,730,000 $318,189 $12,138 6.70%
    49% 320 $92,330,000 $288,531 $8,919 6.83%
    48% 252 $72,770,000 $288,770 $9,121 6.81%
    44% 244 $74,140,000 $303,852 $8,791 6.82%
    46% 212 $62,820,000 $296,321 $9,044 6.72%
    47% 197 $59,735,000 $303,223 $8,986 6.81%
    43% 194 $59,060,000 $304,433 $8,444 6.85%
    41% 178 $55,180,000 $310,000 $8,238 6.79%
    42% 172 $56,400,000 $327,907 $8,677 6.87%
    45% 168 $47,390,000 $282,083 $7,767 6.75%
    40% 162 $47,430,000 $292,778 $8,186 6.80%
    39% 147 $43,825,000 $298,129 $8,201 6.88%
    37% 141 $40,165,000 $284,858 $7,795 6.80%
    38% 140 $41,040,000 $293,143 $8,154 6.83%
    <20% 130 $36,260,000 $278,923 $7,422 6.77%
    36% 123 $39,415,000 $320,447 $7,894 6.81%
    >60% 17 $8,715,000 $512,647 $13,004 6.98%

    The Mortgage Firm lent most frequently to those with DTI ratios of 30-36%, with 609 originations. The next most common DTI ratio? 20-30%, with 473 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,335 $1,013,235,000 $303,819 $8,548 6.82%
    Not provided 433 $124,145,000 $286,709 $8,808 6.78%
    Black 354 $99,990,000 $282,458 $9,715 6.64%
    Asian 103 $32,465,000 $315,194 $8,245 6.79%
    American Indian 27 $6,975,000 $258,333 $8,265 6.64%
    Native Hawaiian or Islander 4 $900,000 $225,000 $7,085 6.56%
    Other Pacific Islander 2 $670,000 $335,000 $5,385 6.44%
    Asian Indian 1 $445,000 $445,000 $3,919 6.88%

    Approval Rates

    Total approvals of all applications
    96.62%

    The Mortgage Firm 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
    71.31%

    The Mortgage Firm has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 4,259 $1,278,825,000 $300,264

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4,259 $1,278,825,000 $300,264

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 191 $32,315,000 $169,188 $5,413 6.53%
    40-60% 401 $96,165,000 $239,813 $6,716 6.63%
    60-80% 1,064 $337,590,000 $317,284 $8,211 6.95%
    80-100% 2,510 $790,770,000 $315,048 $9,331 6.78%
    Over 100% 50 $20,040,000 $400,800 $17,929 6.58%
    Under 20% 43 $1,945,000 $45,233 $1,766 7.21%