Greentree Mortgage Company L.p. Rates, Fees & Info

WILMINGTON, DE

LEI: 549300BCHY7VFHESOE22

Tax ID: 22-3188285

5 stars - Updated: 7/14/24 - 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

Greentree Mortgage Company L.p. is a smaller mortgage company specializing in Home Purchase loans. Greentree Mortgage Company L.p. 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: Philadelphia, Atlantic City, New York, Vineland, and Ocean City among others. We have data for 30 markets. (Some data included below & more in-depth data is available with an active subscription.)

Greentree Mortgage Company L.p. 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. Greentree Mortgage Company L.p. 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 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 6.75% 7/14/24
30 Year Conventional Refi 6.75% 7/14/24
30 Year FHA Purchase 7.36% 7/14/24
30 Year FHA Refi 7.09% 7/14/24
30 Year VA Purchase 6.42% 7/14/24
30 Year VA Refi 6.50% 7/14/24
30 Year USDA Purchase 6.90% 7/14/24
15 Year Conventional Purchase 6.23% 7/14/24
15 Year Conventional Refi 6.19% 7/14/24
15 Year Cash-out Refi 6.19% 7/14/24
15 Year FHA Refi 5.68% 7/14/24
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.

Greentree Mortgage Company L.p. Mortgage Calculator






Your Estimates

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

This is not an official calculator from Greentree Mortgage Company L.p.. 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

1,803

Origination Dollar Volume (All Markets)

$497,935,000
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Relative Rate

Greentree Mortgage Company L.p.'s average 30 year fixed mortgage rate was 6.71%.

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

This yields a difference of 0.23%.

Relative Fees (Closing Costs)

Greentree Mortgage Company L.p.'s average total fees/closing costs for a 30 year fixed rate mortgage were $7,570.

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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1,203 $334,335,000 $277,918 $7,589 6.69%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 325 $78,115,000 $240,354 $6,676 6.71%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 88 $29,670,000 $337,159 $7,814 6.67%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 67 $17,505,000 $261,269 $8,367 6.70%
OCEAN CITY, NJ (FHA|USDA|VA) 26 $10,080,000 $387,692 $10,062 6.92%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 23 $6,915,000 $300,652 $7,427 6.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 16 $3,880,000 $242,500 $9,510 6.90%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 8 $2,990,000 $373,750 $8,633 7.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $2,960,000 $370,000 $9,540 6.28%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 10 $2,920,000 $292,000 $7,755 7.20%
Outside of Metro Areas 4 $1,500,000 $375,000 $13,169 6.56%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $1,020,000 $510,000 $8,156 6.38%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $690,000 $345,000 $5,022 7.13%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $595,000 $595,000 $11,665 6.88%
LANCASTER, PA (FHA|USDA|VA) 2 $470,000 $235,000 $12,458 6.75%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $470,000 $235,000 $5,122 6.75%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $465,000 $465,000 $2,648 5.88%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $425,000 $425,000 $7,383 6.63%
GAINESVILLE, FL (FHA|USDA|VA) 1 $405,000 $405,000 $11,633 7.50%
DOVER, DE (FHA|USDA|VA) 2 $380,000 $190,000 $4,480 6.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $375,000 $375,000 $6,900 6.88%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $285,000 $285,000 $15,157 6.63%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $250,000 $125,000 $3,626 6.31%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $235,000 $235,000 $5,034 7.25%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $225,000 $225,000 $8,838 7.38%
OCALA, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 5.63%
THE VILLAGES, FL (FHA|USDA|VA) 1 $195,000 $195,000 $4,277 7.13%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $145,000 $145,000 $5,530 7.25%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $135,000 $135,000 $10,186 6.25%
READING, PA (FHA|USDA|VA) 1 $95,000 $95,000 $5,060 6.50%
Greentree Mortgage Company L.p.'s top markets include Philadelphia, Atlantic City, New York, Vineland, and Ocean City among others.

Their top states include:
  • New Jersey (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Similar Lenders

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,199 $328,815,000 $274,241 $5,943 6.79%
    FHA 510 $138,640,000 $271,843 $10,750 6.55%
    VA 86 $28,710,000 $333,837 $10,058 6.38%
    USDA 8 $1,770,000 $221,250 $8,052 6.36%

    For 2023, Greentree Mortgage Company L.p.'s most frequently originated type of loan was Conventional, with 1,199 originations. Their 2nd most popular type was FHA, with 510 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,717 $478,035,000 $278,413 $7,538 6.70%
    Refi 86 $19,900,000 $231,395 $7,473 6.65%

    For 2023, Greentree Mortgage Company L.p.'s most frequently cited loan purpose was Home Purchase, with 1,717 originations. The 2nd most popular reason was Refi, with 86 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,774 $490,340,000 $276,404 $7,570 6.71%
    15 Year 18 $4,960,000 $275,556 $5,152 6.28%
    20 Year 7 $1,925,000 $275,000 $6,014 6.21%
    Other 3 $595,000 $198,333 $6,268 6.88%
    10 Year 1 $115,000 $115,000 $3,417 6.00%

    For 2023, Greentree Mortgage Company L.p.'s most frequently cited loan duration was 30 Year, with 1,774 originations. The 2nd most popular length was 15 Year, with 18 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 452 $120,990,000 $267,677
    $1k-2k 344 $87,890,000 $255,494
    $5k+ 316 $116,510,000 $368,703
    $3k-4k 242 $59,990,000 $247,893
    $2k-3k 233 $54,425,000 $233,584
    $4k-5k 186 $53,110,000 $285,538

    Greentree Mortgage Company L.p.'s average total fees were $7,570, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 452 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,066 $291,160,000 $273,133
    7-8% 492 $140,010,000 $284,573
    5-6% 236 $64,460,000 $273,136
    Over 8% 8 $2,040,000 $255,000
    4-5% 1 $265,000 $265,000

    During 2023, Greentree Mortgage Company L.p.'s average interest rate for loans was 6.71%, while their most frequently originated rate bucket for loans was 6-7%, with 1,066 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,071 $303,645,000 $283,515 $7,937 6.71%
    $100k-200k 441 $69,725,000 $158,107 $5,317 6.67%
    $400k-600k 199 $94,225,000 $473,492 $10,310 6.67%
    $100,000 or less 53 $4,365,000 $82,358 $3,860 6.77%
    $600k-1MM 39 $25,975,000 $666,026 $11,188 6.74%

    2023 saw Greentree Mortgage Company L.p. place emphasis on $200k-400k loans with 1,071 originations, totaling $303,645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 502 $151,480,000 $301,753 $8,403 6.76%
    $50k-75k 424 $88,300,000 $208,255 $6,833 6.59%
    $75k-100k 373 $95,655,000 $256,448 $7,418 6.68%
    $150k-250k 288 $98,420,000 $341,736 $7,717 6.83%
    $50k or less 112 $17,340,000 $154,821 $5,822 6.54%
    $250k+ 104 $46,740,000 $449,423 $8,046 6.78%

    Greentree Mortgage Company L.p. lent most frequently to those with incomes in the $100k-150k range, with 502 originations. The second most popular income band? $50k-75k, with 424 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 267 $73,105,000 $273,801 $6,716 6.69%
    20-30% 221 $59,695,000 $270,113 $6,238 6.68%
    50-60% 214 $63,210,000 $295,374 $11,174 6.52%
    49% 130 $33,440,000 $257,231 $6,870 6.78%
    44% 85 $23,245,000 $273,471 $7,427 6.81%
    45% 80 $20,530,000 $256,625 $7,011 6.79%
    42% 77 $20,805,000 $270,195 $7,322 6.82%
    46% 74 $20,250,000 $273,649 $7,728 6.87%
    43% 74 $21,250,000 $287,162 $7,723 6.76%
    39% 74 $20,710,000 $279,865 $6,968 6.70%
    48% 72 $20,640,000 $286,667 $7,821 6.79%
    40% 70 $20,420,000 $291,714 $7,438 6.78%
    41% 67 $17,555,000 $262,015 $6,258 6.67%
    47% 63 $17,335,000 $275,159 $8,406 6.74%
    37% 54 $14,150,000 $262,037 $6,988 6.63%
    38% 49 $14,675,000 $299,490 $7,599 6.93%
    <20% 48 $11,550,000 $240,625 $5,973 6.64%
    36% 46 $13,770,000 $299,348 $6,655 6.84%
    >60% 10 $3,760,000 $376,000 $10,588 6.60%

    Greentree Mortgage Company L.p. lent most frequently to those with DTI ratios of 30-36%, with 267 originations. The next most common DTI ratio? 20-30%, with 221 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,241 $342,795,000 $276,225 $7,309 6.72%
    Not provided 272 $74,150,000 $272,610 $7,710 6.61%
    Black 182 $48,900,000 $268,681 $9,011 6.61%
    Asian 95 $27,825,000 $292,895 $6,838 6.80%
    Asian Indian 6 $2,130,000 $355,000 $9,101 6.90%
    Native Hawaiian or Islander 4 $1,200,000 $300,000 $11,306 6.63%
    American Indian 1 $395,000 $395,000 $7,217 7.00%
    Other Asian 1 $305,000 $305,000 $12,155 6.13%
    Other Pacific Islander 1 $235,000 $235,000 $11,342 6.75%

    Approval Rates

    Total approvals of all applications
    98.94%

    Greentree Mortgage Company L.p. 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
    70.60%

    Greentree Mortgage Company L.p. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,803 $497,935,000 $276,170

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,803 $497,935,000 $276,170

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 48 $7,400,000 $154,167 $4,023 6.53%
    40-60% 104 $22,820,000 $219,423 $5,161 6.64%
    60-80% 455 $119,085,000 $261,725 $6,435 6.81%
    80-100% 1,174 $341,120,000 $290,562 $8,172 6.68%
    Over 100% 20 $7,330,000 $366,500 $15,631 6.35%
    Under 20% 2 $180,000 $90,000 $4,045 6.50%