Mld Mortgage Rates, Fees & Info

Florham Park, NJ

LEI: 549300AG10BX85DF5S49

Tax ID: 22-3747694

5 stars - Updated: 10/13/24 - out of 5 stars, based on 42 reviews

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

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Mortgage Data

Review & Overview

Mld Mortgage is a smaller mortgage company specializing in Home Purchase loans. Mld Mortgage 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: New York, Oxnard, Bakersfield, Seattle, and Trenton among others. We have data for 149 markets. (Some data included below & more in-depth data is available with an active subscription.)

Mld Mortgage 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. Mld Mortgage 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 6.37% 10/13/24
30 Year Conventional Refi 6.44% 10/13/24
30 Year Cash-out Refi 6.69% 10/13/24
30 Year FHA Purchase 7.40% 10/13/24
30 Year FHA Refi 7.06% 10/13/24
30 Year VA Purchase 6.16% 10/13/24
30 Year USDA Purchase 6.73% 10/13/24
15 Year Conventional Purchase 5.89% 10/13/24
15 Year Conventional Refi 5.96% 10/13/24
15 Year Cash-out Refi 5.96% 10/13/24
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.

Mld Mortgage Mortgage Calculator






Your Estimates

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

This is not an official calculator from Mld Mortgage. 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

1,782

Origination Dollar Volume (All Markets)

$633,180,000
Show all (11) awards

Relative Rate

Mld Mortgage's average 30 year fixed mortgage rate was 6.36%.

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

This yields a difference of -0.12%.

Relative Fees (Closing Costs)

Mld Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $9,210.

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
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 219 $92,305,000 $421,484 $8,254 6.14%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 105 $63,195,000 $601,857 $11,688 6.54%
BAKERSFIELD, CA (FHA|USDA|VA) 143 $42,115,000 $294,510 $10,916 5.76%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 103 $41,955,000 $407,330 $10,760 5.94%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 156 $39,420,000 $252,692 $6,610 5.65%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 121 $32,675,000 $270,041 $6,910 5.54%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 126 $31,860,000 $252,857 $6,784 5.68%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 64 $31,830,000 $497,344 $11,863 5.70%
OKLAHOMA CITY, OK (FHA|USDA|VA) 111 $24,055,000 $216,712 $7,133 6.36%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 40 $23,760,000 $594,000 $10,208 6.60%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 38 $17,090,000 $449,737 $14,116 6.47%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 31 $15,865,000 $511,774 $4,486 6.40%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 22 $11,040,000 $501,818 $10,089 6.71%
VISALIA, CA (FHA|USDA|VA) 37 $10,245,000 $276,892 $7,773 5.91%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 16 $8,880,000 $555,000 $19,160 6.70%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 21 $7,975,000 $379,762 $12,588 6.25%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 20 $7,190,000 $359,500 $6,442 6.56%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 17 $7,005,000 $412,059 $9,565 6.68%
MODESTO, CA (FHA|USDA|VA) 23 $6,595,000 $286,739 $8,140 6.26%
STOCKTON, CA (FHA|USDA|VA) 12 $4,830,000 $402,500 $8,303 4.82%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 26 $4,520,000 $173,846 $5,539 4.82%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 11 $4,255,000 $386,818 $3,607 6.34%
Outside of Metro Areas 12 $4,110,000 $342,500 $8,194 6.79%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 7 $3,745,000 $535,000 $12,709 7.78%
Aberdeen, WA (FHA|USDA|VA) 10 $3,300,000 $330,000 $9,758 6.86%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 8 $3,000,000 $375,000 $6,642 7.09%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 14 $2,720,000 $194,286 $4,837 5.92%
VALLEJO, CA (FHA|USDA|VA) 8 $2,690,000 $336,250 $9,327 5.19%
RICHMOND, VA (FHA|USDA|VA) 8 $2,540,000 $317,500 $7,021 6.61%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 6 $2,540,000 $423,333 $6,077 6.64%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 8 $2,520,000 $315,000 $8,940 4.81%
RENO, NV (FHA|USDA|VA) 6 $2,510,000 $418,333 $6,856 7.27%
RALEIGH-CARY, NC (FHA|USDA|VA) 4 $2,240,000 $560,000 $4,127 6.25%
WACO, TX (FHA|USDA|VA) 8 $2,170,000 $271,250 $10,775 6.03%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $2,010,000 $502,500 $5,566 6.69%
MERCED, CA (FHA|USDA|VA) 7 $1,965,000 $280,714 $7,590 5.59%
WORCESTER, MA-CT (FHA|USDA|VA) 4 $1,920,000 $480,000 $4,254 6.19%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $1,885,000 $377,000 $4,240 5.93%
Ellensburg, WA (FHA|USDA|VA) 4 $1,870,000 $467,500 $14,385 6.34%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 4 $1,850,000 $462,500 $8,521 7.66%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 6 $1,820,000 $303,333 $3,851 7.10%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $1,790,000 $895,000 $23,648 7.19%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 5 $1,745,000 $349,000 $10,464 7.07%
LONGVIEW, WA (FHA|USDA|VA) 4 $1,690,000 $422,500 $15,402 7.12%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $1,605,000 $321,000 $6,099 6.85%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $1,490,000 $372,500 $7,387 6.03%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 4 $1,440,000 $360,000 $9,904 7.00%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 6 $1,440,000 $240,000 $7,194 6.06%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $1,365,000 $1,365,000 $9,943 6.50%
Centralia, WA (FHA|USDA|VA) 4 $1,340,000 $335,000 $9,921 6.56%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $1,220,000 $305,000 $12,105 6.66%
FRESNO, CA (FHA|USDA|VA) 4 $1,210,000 $302,500 $6,779 5.28%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $1,070,000 $535,000 $16,051 6.81%
GREENVILLE, NC (FHA|USDA|VA) 3 $1,035,000 $345,000 $11,561 6.21%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $1,000,000 $250,000 $7,123 6.84%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $995,000 $331,667 $7,059 6.29%
URBAN HONOLULU, HI (FHA|USDA|VA) 1 $995,000 $995,000 $6,815 5.25%
Coos Bay, OR (FHA|USDA|VA) 3 $975,000 $325,000 $8,572 7.87%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $940,000 $470,000 $7,479 6.06%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $920,000 $230,000 $10,934 6.47%
OCEAN CITY, NJ (FHA|USDA|VA) 4 $920,000 $230,000 $4,527 7.56%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $835,000 $278,333 $5,304 7.25%
WENATCHEE, WA (FHA|USDA|VA) 2 $830,000 $415,000 $13,375 6.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $815,000 $815,000 $8,593 7.38%
Shelton, WA (FHA|USDA|VA) 2 $810,000 $405,000 $19,028 7.31%
Klamath Falls, OR (FHA|USDA|VA) 2 $740,000 $370,000 $6,438 7.19%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $690,000 $345,000 $13,232 6.19%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $675,000 $675,000 $3,497 5.25%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 6 $650,000 $108,333 $3,666 2.96%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $630,000 $315,000 $13,701 6.50%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $630,000 $315,000 $5,840 6.38%
Shawnee, OK (FHA|USDA|VA) 2 $600,000 $300,000 $6,721 6.81%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $600,000 $300,000 $3,612 7.25%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $595,000 $595,000 $6,489 6.63%
TULSA, OK (FHA|USDA|VA) 3 $595,000 $198,333 $6,311 5.21%
KINGSTON, NY (FHA|USDA|VA) 1 $585,000 $585,000 $4,827 6.13%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $560,000 $280,000 $12,956 6.50%
WINSTON-SALEM, NC (FHA|USDA|VA) 3 $555,000 $185,000 $7,478 6.21%
Port Angeles, WA (FHA|USDA|VA) 2 $540,000 $270,000 $12,449 6.68%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $530,000 $265,000 $8,252 6.50%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $505,000 $505,000 $4,271 7.50%
YUBA CITY, CA (FHA|USDA|VA) 1 $485,000 $485,000 $15,841 6.25%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $485,000 $485,000 $12,825 5.75%
PITTSBURGH, PA (FHA|USDA|VA) 1 $465,000 $465,000 $2,395 5.88%
Roseburg, OR (FHA|USDA|VA) 2 $460,000 $230,000 $11,119 6.00%
Hilo, HI (FHA|USDA|VA) 1 $455,000 $455,000 $0 7.50%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $435,000 $435,000 $4,533 6.50%
Sevierville, TN (FHA|USDA|VA) 1 $435,000 $435,000 $5,445 6.50%
Prineville, OR (FHA|USDA|VA) 1 $435,000 $435,000 $16,508 6.49%
REDDING, CA (FHA|USDA|VA) 1 $425,000 $425,000 $16,560 6.38%
ROCKY MOUNT, NC (FHA|USDA|VA) 2 $420,000 $210,000 $6,695 5.88%
Stillwater, OK (FHA|USDA|VA) 2 $410,000 $205,000 $6,165 6.38%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $405,000 $405,000 $9,964 7.13%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $405,000 $405,000 $13,242 6.75%
Moses Lake, WA (FHA|USDA|VA) 1 $395,000 $395,000 $11,473 6.88%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $395,000 $395,000 $13,738 6.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $385,000 $385,000 $11,630 6.13%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $380,000 $190,000 $6,034 7.13%
RACINE, WI (FHA|USDA|VA) 1 $375,000 $375,000 $3,244 7.50%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $365,000 $121,667 $7,469 4.96%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $365,000 $365,000 $2,573 6.00%
MADISON, WI (FHA|USDA|VA) 1 $335,000 $335,000 $0 7.38%
Lebanon, NH-VT (FHA|USDA|VA) 1 $325,000 $325,000 $4,007 6.38%
KNOXVILLE, TN (FHA|USDA|VA) 2 $320,000 $160,000 $0 7.19%
KANKAKEE, IL (FHA|USDA|VA) 1 $315,000 $315,000 $5,415 7.63%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $315,000 $315,000 $12,220 6.00%
GAINESVILLE, GA (FHA|USDA|VA) 1 $305,000 $305,000 $3,385 6.13%
SALEM, OR (FHA|USDA|VA) 1 $305,000 $305,000 $14,015 7.13%
Augusta-Waterville, ME (FHA|USDA|VA) 1 $305,000 $305,000 $5,922 6.50%
Hillsdale, MI (FHA|USDA|VA) 1 $305,000 $305,000 $3,647 8.25%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $305,000 $305,000 $3,436 5.63%
SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $300,000 $150,000 $4,746 6.88%
Altus, OK (FHA|USDA|VA) 1 $295,000 $295,000 $15,138 7.13%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $285,000 $285,000 $9,429 6.38%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $285,000 $285,000 $7,268 6.88%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $275,000 $275,000 $5,738 6.25%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $275,000 $275,000 $9,454 5.88%
MOBILE, AL (FHA|USDA|VA) 1 $265,000 $265,000 $15,161 5.75%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $265,000 $265,000 $10,391 6.50%
Manitowoc, WI (FHA|USDA|VA) 1 $255,000 $255,000 $4,378 7.38%
ODESSA, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 7.13%
Ottawa, IL (FHA|USDA|VA) 1 $255,000 $255,000 $3,996 7.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $245,000 $245,000 $6,732 7.13%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 9.50%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $215,000 $215,000 $0 6.99%
MADERA, CA (FHA|USDA|VA) 1 $205,000 $205,000 $6,686 6.38%
Astoria, OR (FHA|USDA|VA) 1 $205,000 $205,000 $13,105 6.00%
APPLETON, WI (FHA|USDA|VA) 1 $195,000 $195,000 $6,560 6.25%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $195,000 $195,000 $8,374 6.25%
HINESVILLE, GA (FHA|USDA|VA) 1 $185,000 $185,000 $0 6.99%
IOWA CITY, IA (FHA|USDA|VA) 1 $185,000 $185,000 $0 7.50%
Thomasville, GA (FHA|USDA|VA) 1 $175,000 $175,000 $10,130 5.63%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $175,000 $175,000 $0 7.13%
Gaffney, SC (FHA|USDA|VA) 1 $175,000 $175,000 $3,732 6.88%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $6,493 6.63%
Stephenville, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.75%
Cullowhee, NC (FHA|USDA|VA) 1 $155,000 $155,000 $5,504 7.38%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $155,000 $155,000 $6,244 6.00%
Weatherford, OK (FHA|USDA|VA) 1 $155,000 $155,000 $8,368 7.25%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $145,000 $145,000 $6,684 5.75%
SYRACUSE, NY (FHA|USDA|VA) 1 $145,000 $145,000 $4,162 6.38%
Sterling, IL (FHA|USDA|VA) 1 $135,000 $135,000 $3,056 7.25%
WICHITA, KS (FHA|USDA|VA) 1 $135,000 $135,000 $7,303 7.25%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $135,000 $135,000 $2,695 6.75%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $125,000 $125,000 $5,231 6.25%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.50%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $125,000 $125,000 $8,910 5.75%
FOND DU LAC, WI (FHA|USDA|VA) 1 $95,000 $95,000 $3,110 6.13%
Big Stone Gap, VA (FHA|USDA|VA) 1 $95,000 $95,000 $5,651 7.75%
Mld Mortgage's top markets include New York, Oxnard, Bakersfield, Seattle, and Trenton among others.

Their top states include:
  • California (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Similar Lenders

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

    Republic Bank
    Similarity Rank: 21
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    MISSION
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    VENTURA COUNTY
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    SCIENT Federal Credit Union
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    Lakeland Bank
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    El Dorado Savings Bank, F.S.B.
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,348 $474,930,000 $352,322 $6,869 5.92%
    FHA 351 $120,915,000 $344,487 $14,232 6.57%
    VA 79 $35,995,000 $455,633 $10,793 6.48%
    USDA 4 $1,340,000 $335,000 $10,121 5.94%

    For 2023, Mld Mortgage's most frequently originated type of loan was Conventional, with 1,348 originations. Their 2nd most popular type was FHA, with 351 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,612 $574,920,000 $356,650 $8,664 5.99%
    Cash Out Refi 99 $32,095,000 $324,192 $7,781 6.97%
    Refi 71 $26,165,000 $368,521 $10,181 6.73%

    For 2023, Mld Mortgage's most frequently cited loan purpose was Home Purchase, with 1,612 originations. The 2nd most popular reason was Cash Out Refi, with 99 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,620 $598,740,000 $369,593 $9,210 6.36%
    15 Year 66 $26,430,000 $400,455 $5,299 5.74%
    5 Year 53 $735,000 $13,868 $13 0.02%
    20 Year 16 $6,320,000 $395,000 $5,936 6.44%
    10 Year 12 $80,000 $6,667 $0 1.67%
    Other 11 $135,000 $12,273 $102 0.09%
    3 Year 2 $20,000 $10,000 $0 0.00%
    1 Year 2 $720,000 $360,000 $0 8.99%

    For 2023, Mld Mortgage's most frequently cited loan duration was 30 Year, with 1,620 originations. The 2nd most popular length was 15 Year, with 66 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 621 $242,505,000 $390,507
    $5k+ 476 $218,880,000 $459,832
    $<1k 182 $8,730,000 $47,967
    $2k-3k 136 $42,970,000 $315,956
    $4k-5k 128 $43,130,000 $336,953
    $3k-4k 113 $37,605,000 $332,788

    Mld Mortgage's average total fees were $9,210, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 621 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 809 $311,365,000 $384,876
    7-8% 397 $154,475,000 $389,106
    5-6% 325 $124,065,000 $381,738
    <2.5% 163 $3,395,000 $20,828
    Over 8% 58 $26,660,000 $459,655
    4-5% 24 $11,200,000 $466,667
    3-4% 6 $2,020,000 $336,667

    During 2023, Mld Mortgage's average interest rate for loans was 6.36%, while their most frequently originated rate bucket for loans was 6-7%, with 809 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 720 $216,370,000 $300,514 $8,327 6.66%
    $400k-600k 437 $209,115,000 $478,524 $10,827 6.62%
    $100k-200k 221 $34,865,000 $157,760 $5,767 6.48%
    $600k-1MM 201 $142,375,000 $708,333 $12,282 6.65%
    $100,000 or less 184 $4,590,000 $24,946 $680 1.20%
    $1MM+ 19 $25,865,000 $1,361,316 $21,028 7.28%

    2023 saw Mld Mortgage place emphasis on $200k-400k loans with 720 originations, totaling $216,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 516 $181,460,000 $351,667 $9,140 6.04%
    $150k-250k 406 $192,410,000 $473,916 $9,601 6.51%
    $75k-100k 320 $84,280,000 $263,375 $8,486 5.57%
    $50k-75k 272 $51,780,000 $190,368 $6,460 5.49%
    $250k+ 166 $104,640,000 $630,361 $10,438 6.95%
    $50k or less 89 $13,565,000 $152,416 $5,392 5.81%

    Mld Mortgage lent most frequently to those with incomes in the $100k-150k range, with 516 originations. The second most popular income band? $150k-250k, with 406 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 233 $80,635,000 $346,073 $7,242 5.95%
    20-30% 209 $70,115,000 $335,478 $6,629 6.15%
    50-60% 165 $66,035,000 $400,212 $14,988 6.19%
    49% 116 $44,720,000 $385,517 $9,319 6.36%
    47% 98 $36,150,000 $368,878 $9,167 6.09%
    48% 95 $32,575,000 $342,895 $8,383 6.03%
    44% 89 $31,445,000 $353,315 $10,289 5.85%
    42% 86 $32,210,000 $374,535 $8,379 6.02%
    41% 83 $27,115,000 $326,687 $7,902 5.86%
    46% 82 $30,120,000 $367,317 $9,215 6.31%
    43% 82 $25,050,000 $305,488 $7,273 5.61%
    45% 82 $27,770,000 $338,659 $8,558 6.22%
    40% 80 $26,630,000 $332,875 $7,525 6.02%
    38% 61 $21,785,000 $357,131 $6,913 5.75%
    39% 60 $19,080,000 $318,000 $7,733 5.93%
    <20% 49 $17,205,000 $351,122 $5,092 5.38%
    37% 45 $18,055,000 $401,222 $9,371 6.13%
    36% 42 $15,950,000 $379,762 $7,080 6.40%
    >60% 8 $3,530,000 $441,250 $9,066 6.97%

    Mld Mortgage lent most frequently to those with DTI ratios of 30-36%, with 233 originations. The next most common DTI ratio? 20-30%, with 209 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,156 $392,440,000 $339,481 $8,924 6.09%
    Asian 379 $164,175,000 $433,179 $6,768 6.35%
    Black 182 $51,320,000 $281,978 $10,499 5.26%
    Not provided 28 $10,810,000 $386,071 $6,279 6.35%
    American Indian 27 $9,565,000 $354,259 $10,919 6.37%
    Native Hawaiian or Islander 9 $4,675,000 $519,444 $14,961 6.58%
    Korean 1 $195,000 $195,000 $4,476 6.13%

    Approval Rates

    Total approvals of all applications
    93.81%

    Mld Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    64.20%

    Mld Mortgage 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 1,782 $633,180,000 $355,320

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,782 $633,180,000 $355,320

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 69 $14,875,000 $215,580 $4,908 5.27%
    40-60% 150 $53,700,000 $358,000 $6,372 6.56%
    60-80% 492 $202,620,000 $411,829 $7,667 6.80%
    80-100% 886 $347,570,000 $392,291 $10,708 6.61%
    Over 100% 20 $10,210,000 $510,500 $17,608 6.41%
    Under 20% 165 $4,205,000 $25,485 $535 0.85%