Anchor Ira Fund Mortgage Rates, Fees & Info
CALABASAS, CALEI: 549300AJGFTLMRI1SD91
Tax ID: 46-3219058
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Mortgage Data
Review & Overview
Anchor Ira Fund is a smaller mortgage company specializing in Home Purchase and Refi loans. Anchor Ira Fund has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, San Diego, Riverside, and Oxnard among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Anchor Ira Fund 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.
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Originations
123Origination Dollar Volume (All Markets)
$72,575,000Top 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 |
---|---|---|---|---|---|
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 61 | $46,055,000 | $755,000 | $0 | 8.76% |
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 18 | $12,260,000 | $681,111 | $0 | 8.76% |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 25 | $9,385,000 | $375,400 | $0 | 7.98% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 11 | $2,075,000 | $188,636 | $0 | 9.13% |
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $1,320,000 | $660,000 | $0 | 8.38% |
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 8.95% |
VALLEJO, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 8.00% |
BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 8.50% |
STOCKTON, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.00% |
MODESTO, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 9.00% |
MERCED, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.00% |
Their top states include:
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 123 | $72,575,000 | $590,041 | $0 | 8.63% |
For 2018, Anchor Ira Fund's most frequently originated type of loan was Conventional, with 123 originations.
Loan Reason
Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Home Purchase | 102 | $54,300,000 | $532,353 | $0 | 8.64% |
Refi | 21 | $18,275,000 | $870,238 | $0 | 8.55% |
For 2018, Anchor Ira Fund's most frequently cited loan purpose was Home Purchase, with 102 originations. The 2nd most popular reason was Refi, with 21 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 120 | $70,200,000 | $585,000 | $0 | 8.68% |
1 Year | 3 | $2,375,000 | $791,667 | $0 | 6.50% |
For 2018, Anchor Ira Fund's most frequently cited loan duration was Other, with 120 originations. The 2nd most popular length was 1 Year, with 3 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
Over 8% | 69 | $40,925,000 | $593,116 |
7-8% | 51 | $29,275,000 | $574,020 |
6-7% | 3 | $2,375,000 | $791,667 |
During 2018, Anchor Ira Fund's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 69 originations.
Loan Sizing
2018 saw Anchor Ira Fund place emphasis on $200k-400k loans with 48 originations, totaling $15,340,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Anchor Ira Fund has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.18%
Anchor Ira Fund has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 123 | $72,575,000 | $590,041 |
Occupancy Type Mix
LTV Distribution
Complaints
Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
Anchor Loans, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |