Barley Mortgage Rates, Fees & Info

Mt Pleasant, SC

LEI: 549300810F3G8UKNJ127

Tax ID: 84-1921127

5 stars - out of 5 stars, based on 9 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Barley Mortgage is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Barley Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: Charleston, Hilton Head Island, Greenville, Georgetown, and Columbia among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Barley Mortgage has an above average approval rate when compared to the average across all lenders. Barley Mortgage is typically a low 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.

    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 6.47% 3/27/23
    30 Year Conventional Refi 6.47% 3/27/23
    30 Year Cash-out Refi 6.57% 3/27/23
    30 Year VA Purchase 5.86% 3/27/23
    15 Year Conventional Purchase 5.76% 3/27/23
    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.


    Originations

    78

    Origination Dollar Volume (All Markets)

    $29,610,000
    Show all (7) awards

    Relative Rate

    Barley Mortgage's average 30 year fixed mortgage rate was 4.55%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.21%.

    Relative Fees (Closing Costs)

    Barley Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $3,526.

    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 $4,750.

    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
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 72 $28,440,000 $395,000 $3,474 4.40%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $305,000 $305,000 $3,703 6.63%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $300,000 $150,000 $3,701 4.81%
    Georgetown, SC (FHA|USDA|VA) 1 $215,000 $215,000 $3,256 5.63%
    COLUMBIA, SC (FHA|USDA|VA) 1 $185,000 $185,000 $550 5.13%
    Outside of Metro Areas 1 $165,000 $165,000 $3,132 4.88%
    Barley Mortgage's top markets include Charleston, Hilton Head Island, Greenville, Georgetown, and Columbia among others.

    Their top states include:
  • South Carolina (FHA|USDA|VA)

    • Similar Lenders

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

    Barley Mortgage, LLC
    Similarity Rank: 552
    AMERICAN FEDERAL MORTGAGE CORPORATION
    Similarity Rank: 1365
    Countybank
    Similarity Rank: 2401
    South Atlantic Bank
    Similarity Rank: 2873
    SHELTER LENDING SERVICES, L.L.C.
    Similarity Rank: 2890
    CLEARPATH LENDING
    Similarity Rank: 3652
    First Palmetto Bank
    Similarity Rank: 4004
    REV FEDERAL CREDIT UNION
    Similarity Rank: 4352
    TJC Mortgage, Inc.
    Similarity Rank: 4956
    CAPITAL CENTER, L.L.C.
    Similarity Rank: 5704

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 72 $26,630,000 $369,861 $3,383 4.54%
    VA 6 $2,980,000 $496,667 $4,089 3.56%

    For 2022, Barley Mortgage's most frequently originated type of loan was Conventional, with 72 originations. Their 2nd most popular type was VA, with 6 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 46 $17,260,000 $375,217 $3,749 4.89%
    Cash Out Refi 28 $11,310,000 $403,929 $3,128 3.87%
    Refi 4 $1,040,000 $260,000 $2,032 3.84%

    For 2022, Barley Mortgage's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Cash Out Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 71 $26,775,000 $377,113 $3,526 4.55%
    15 Year 5 $2,025,000 $405,000 $3,106 3.63%
    20 Year 1 $405,000 $405,000 $0 3.88%
    Other 1 $405,000 $405,000 $2,239 3.25%

    For 2022, Barley Mortgage's most frequently cited loan duration was 30 Year, with 71 originations. The 2nd most popular length was 15 Year, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 43 $16,435,000 $382,209
    $<1k 27 $10,725,000 $397,222
    $5k+ 4 $1,710,000 $427,500
    $2k-3k 3 $535,000 $178,333
    $3k-4k 1 $205,000 $205,000

    Barley Mortgage's average total fees were $3,526, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 43 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 30 $13,640,000 $454,667
    5-6% 19 $6,615,000 $348,158
    4-5% 18 $5,240,000 $291,111
    6-7% 6 $1,820,000 $303,333
    2.5-3% 4 $1,940,000 $485,000
    <2.5% 1 $355,000 $355,000

    During 2022, Barley Mortgage's average interest rate for loans was 4.55%, while their most frequently originated rate bucket for loans was 3-4%, with 30 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 28 $8,100,000 $289,286 $3,436 4.74%
    $400k-600k 23 $11,105,000 $482,826 $3,741 4.45%
    $600k-1MM 13 $8,545,000 $657,308 $3,682 3.64%
    $100k-200k 10 $1,540,000 $154,000 $2,472 4.87%
    $100,000 or less 4 $320,000 $80,000 $3,322 4.31%

    2022 saw Barley Mortgage place emphasis on $200k-400k loans with 28 originations, totaling $8,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 20 $9,650,000 $482,500 $3,332 4.30%
    $50k-75k 18 $4,150,000 $230,556 $3,242 5.03%
    $75k-100k 16 $5,420,000 $338,750 $3,293 4.24%
    $100k-150k 15 $6,535,000 $435,667 $3,750 4.60%
    $250k+ 7 $3,415,000 $487,857 $4,132 3.89%
    $50k or less 2 $440,000 $220,000 $2,644 3.94%

    Barley Mortgage lent most frequently to those with incomes in the $150k-250k range, with 20 originations. The second most popular income band? $50k-75k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 21 $7,805,000 $371,667 $2,985 4.38%
    20-30% 13 $6,325,000 $486,538 $3,514 4.13%
    49% 7 $2,425,000 $346,429 $3,448 4.87%
    41% 6 $2,080,000 $346,667 $2,859 4.85%
    <20% 5 $1,555,000 $311,000 $4,309 3.85%
    43% 5 $2,455,000 $491,000 $3,126 4.75%
    44% 4 $1,500,000 $375,000 $5,229 4.53%
    40% 3 $595,000 $198,333 $3,976 5.42%
    38% 2 $390,000 $195,000 $2,989 3.56%
    37% 2 $900,000 $450,000 $3,203 3.19%
    36% 2 $640,000 $320,000 $3,270 5.06%
    39% 2 $420,000 $210,000 $2,479 5.00%
    45% 2 $680,000 $340,000 $5,991 6.38%
    48% 2 $870,000 $435,000 $3,412 3.63%
    50-60% 1 $415,000 $415,000 $2,257 3.88%
    42% 1 $555,000 $555,000 $3,517 4.75%

    Barley Mortgage lent most frequently to those with DTI ratios of 30-36%, with 21 originations. The next most common DTI ratio? 20-30%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 76 $29,140,000 $383,421 $3,444 4.44%
    Asian 2 $470,000 $235,000 $3,193 5.56%

    Approval Rates

    Total approvals of all applications
    100.00%

    Barley Mortgage 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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 78 $29,610,000 $379,615

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    78 $29,610,000 $379,615

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $3,640,000 $364,000 $3,258 4.14%
    40-60% 12 $4,070,000 $339,167 $3,000 4.74%
    60-80% 32 $12,550,000 $392,188 $3,510 4.55%
    80-100% 22 $9,170,000 $416,818 $3,753 4.40%
    Under 20% 2 $180,000 $90,000 $2,346 3.94%