The Mortgage Firm Rates, Fees & Info
LOXAHATCHEE, FLLEI: 5493007CXTOHZ2JBEJ61
Tax ID: 59-3345547
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.95% | 4/20/24 |
| 30 Year Conventional Refi | 6.77% | 4/20/24 |
| 30 Year Cash-out Refi | 7.01% | 4/20/24 |
| 30 Year FHA Purchase | 7.61% | 4/20/24 |
| 30 Year FHA Refi | 7.32% | 4/20/24 |
| 30 Year VA Purchase | 6.51% | 4/20/24 |
| 30 Year VA Refi | 6.60% | 4/20/24 |
| 30 Year USDA Purchase | 6.95% | 4/20/24 |
| 15 Year Conventional Purchase | 6.34% | 4/20/24 |
| 15 Year Conventional Refi | 6.41% | 4/20/24 |
| 15 Year Cash-out Refi | 6.41% | 4/20/24 |
| 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
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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
4,259Origination Dollar Volume (All Markets)
$1,278,825,000Awards
THE MORTGAGE FIRM - 2023
THE MORTGAGE FIRM is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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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
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
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
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
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
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
2023 saw The Mortgage Firm place emphasis on $200k-400k loans with 2,406 originations, totaling $693,140,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications96.62%
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 origination71.31%
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 |