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.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
102Origination Dollar Volume (All Markets)
$46,180,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 102 | $46,180,000 | $452,745 | $0 | 8.64% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 102 | $46,180,000 | $452,745 | $0 | 8.64% |
For 2019, Anchor Ira Fund's most frequently originated type of loan was Conventional, with 102 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 73 | $29,855,000 | $408,973 | $0 | 8.61% |
| Refi | 29 | $16,325,000 | $562,931 | $0 | 8.74% |
For 2019, Anchor Ira Fund's most frequently cited loan purpose was Home Purchase, with 73 originations. The 2nd most popular reason was Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 102 | $46,180,000 | $452,745 | $0 | 8.64% |
For 2019, Anchor Ira Fund's most frequently cited loan duration was Other, with 102 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 59 | $24,635,000 | $417,542 |
| 7-8% | 39 | $20,395,000 | $522,949 |
| 6-7% | 4 | $1,150,000 | $287,500 |
During 2019, 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 59 originations.
Loan Sizing
2019 saw Anchor Ira Fund place emphasis on $200k-400k loans with 31 originations, totaling $9,665,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 102 | $46,180,000 | $452,745 | $0 | 8.64% |
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 origination81.37%
Anchor Ira Fund has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 102 | $46,180,000 | $452,745 |