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: Miami, Orlando, Tampa, Lakeland, and Palm Bay among others. We have data for 74 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 an average 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 about average 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% | 12/3/24 |
| 30 Year Conventional Refi | 6.77% | 12/3/24 |
| 30 Year Cash-out Refi | 7.01% | 12/3/24 |
| 30 Year FHA Purchase | 7.61% | 12/3/24 |
| 30 Year FHA Refi | 7.32% | 12/3/24 |
| 30 Year VA Purchase | 6.51% | 12/3/24 |
| 30 Year VA Refi | 6.60% | 12/3/24 |
| 30 Year USDA Purchase | 6.95% | 12/3/24 |
| 15 Year Conventional Purchase | 6.34% | 12/3/24 |
| 15 Year Conventional Refi | 6.41% | 12/3/24 |
| 15 Year Cash-out Refi | 6.41% | 12/3/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
6,599Origination Dollar Volume (All Markets)
$1,445,805,000Awards
THE MORTGAGE FIRM - 2018
THE MORTGAGE FIRM is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1,269 | $357,245,000 | $281,517 | $5,872 | 4.87% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1,196 | $269,960,000 | $225,719 | $5,553 | 4.82% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 970 | $205,730,000 | $212,093 | $5,568 | 4.95% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 993 | $167,125,000 | $168,303 | $5,254 | 4.95% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 774 | $165,680,000 | $214,057 | $5,431 | 4.76% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 366 | $74,350,000 | $203,142 | $5,200 | 4.76% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 222 | $47,900,000 | $215,766 | $5,313 | 4.87% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 124 | $31,540,000 | $254,355 | $5,643 | 4.87% |
| GAINESVILLE, FL (FHA|USDA|VA) | 94 | $16,910,000 | $179,894 | $5,199 | 4.80% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 66 | $11,380,000 | $172,424 | $4,953 | 4.86% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 39 | $10,125,000 | $259,615 | $5,204 | 5.02% |
| OCALA, FL (FHA|USDA|VA) | 58 | $9,080,000 | $156,552 | $5,139 | 4.95% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 43 | $8,735,000 | $203,140 | $4,188 | 4.85% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 27 | $6,645,000 | $246,111 | $7,428 | 4.90% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 17 | $4,195,000 | $246,765 | $5,110 | 5.15% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 20 | $3,690,000 | $184,500 | $5,732 | 4.83% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 18 | $3,310,000 | $183,889 | $5,647 | 4.58% |
| Albertville, AL (FHA|USDA|VA) | 23 | $3,245,000 | $141,087 | $4,487 | 4.87% |
| ROME, GA (FHA|USDA|VA) | 19 | $3,225,000 | $169,737 | $4,432 | 4.76% |
| Outside of Metro Areas | 20 | $3,190,000 | $159,500 | $5,323 | 4.97% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 10 | $3,090,000 | $309,000 | $7,361 | 4.81% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 22 | $2,840,000 | $129,091 | $5,016 | 4.98% |
| Calhoun, GA (FHA|USDA|VA) | 18 | $2,610,000 | $145,000 | $4,188 | 4.72% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 17 | $2,535,000 | $149,118 | $4,716 | 4.86% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 16 | $2,520,000 | $157,500 | $6,399 | 5.11% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 14 | $2,310,000 | $165,000 | $5,461 | 4.86% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 8 | $2,150,000 | $268,750 | $6,026 | 4.73% |
| ASHEVILLE, NC (FHA|USDA|VA) | 9 | $1,845,000 | $205,000 | $4,400 | 4.81% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 10 | $1,730,000 | $173,000 | $5,046 | 4.76% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 5 | $1,545,000 | $309,000 | $6,279 | 4.85% |
| THE VILLAGES, FL (FHA|USDA|VA) | 6 | $1,280,000 | $213,333 | $4,967 | 4.90% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 7 | $1,155,000 | $165,000 | $4,132 | 4.73% |
| GADSDEN, AL (FHA|USDA|VA) | 7 | $1,125,000 | $160,714 | $6,106 | 4.93% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 8 | $980,000 | $122,500 | $4,822 | 5.41% |
| Cedartown, GA (FHA|USDA|VA) | 5 | $975,000 | $195,000 | $4,342 | 4.75% |
| Wauchula, FL (FHA|USDA|VA) | 6 | $880,000 | $146,667 | $6,046 | 4.88% |
| Key West, FL (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $4,268 | 4.94% |
| DALTON, GA (FHA|USDA|VA) | 6 | $830,000 | $138,333 | $3,762 | 4.81% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $4,766 | 4.91% |
| Shelbyville, TN (FHA|USDA|VA) | 6 | $810,000 | $135,000 | $5,716 | 4.90% |
| Lewisburg, TN (FHA|USDA|VA) | 5 | $785,000 | $157,000 | $5,073 | 5.28% |
| Scottsboro, AL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $8,119 | 4.88% |
| Palatka, FL (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $4,817 | 5.29% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $3,790 | 4.96% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,194 | 5.38% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $5,314 | 5.06% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $6,136 | 4.75% |
| Okeechobee, FL (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $3,717 | 5.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,572 | 4.44% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $5,159 | 4.96% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $10,907 | 3.75% |
| Forest City, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,414 | 5.75% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,973 | 5.19% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $10,051 | 5.50% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,269 | 5.50% |
| DECATUR, AL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,656 | 5.44% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $15,539 | 4.50% |
| Lake City, FL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $4,787 | 4.50% |
| Sanford, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,288 | 6.63% |
| Summerville, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,070 | 5.38% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,246 | 4.69% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,768 | 4.88% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,330 | 5.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,870 | 3.63% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,513 | 4.50% |
| Dayton, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,731 | 4.88% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,569 | 5.50% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,368 | 4.88% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,577 | 5.13% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,709 | 5.13% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,946 | 4.75% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,300 | 5.38% |
| Waycross, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,531 | 4.75% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $5,504 | 4.75% |
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Product Mix
For 2018, The Mortgage Firm's most frequently originated type of loan was Conventional, with 4,183 originations. Their 2nd most popular type was FHA, with 1,755 originations.
Loan Reason
For 2018, The Mortgage Firm's most frequently cited loan purpose was Home Purchase, with 5,886 originations. The 2nd most popular reason was Cash Out Refi, with 508 originations.
Loan Duration/Length
For 2018, The Mortgage Firm's most frequently cited loan duration was 30 Year, with 6,318 originations. The 2nd most popular length was 15 Year, with 209 originations.
Origination Fees/Closing Costs
The Mortgage Firm's average total fees were $5,539, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4,755 originations.
Interest Rates
During 2018, The Mortgage Firm's average interest rate for loans was 4.89%, while their most frequently originated rate bucket for loans was 4-5%, with 4,567 originations.
Loan Sizing
2018 saw The Mortgage Firm place emphasis on $200k-400k loans with 2,813 originations, totaling $757,895,000 in origination value.
Applicant Income
The Mortgage Firm lent most frequently to those with incomes in the $50k-75k range, with 1,863 originations. The second most popular income band? $50k or less, with 1,542 originations.
Applicant Debt to Income Ratio
The Mortgage Firm lent most frequently to those with DTI ratios of 30-36%, with 1,027 originations. The next most common DTI ratio? 20-30%, with 882 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.91%
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 origination77.28%
The Mortgage Firm has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1390.0 | 1 | $305,000 | $305,000 |
| 1585.0 | 1 | $155,000 | $155,000 |
| 1659.0 | 1 | $145,000 | $145,000 |
| 1715.0 | 1 | $535,000 | $535,000 |
| 1919.0 | 1 | $75,000 | $75,000 |
| NA | 6,594 | $1,444,590,000 | $219,076 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 181 | $20,455,000 | $113,011 |
| Single Family (1-4 Units):Site-Built | 6,418 | $1,425,350,000 | $222,086 |