Greentree Mortgage Company L.p. Rates, Fees & Info
WILMINGTON, DELEI: 549300BCHY7VFHESOE22
Tax ID: 22-3188285
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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 a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, New York, Atlantic City, Vineland, and Ocean City among others. We have data for 24 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.75% | 4/28/24 |
| 30 Year Conventional Refi | 6.75% | 4/28/24 |
| 30 Year FHA Purchase | 7.36% | 4/28/24 |
| 30 Year FHA Refi | 7.09% | 4/28/24 |
| 30 Year VA Purchase | 6.42% | 4/28/24 |
| 30 Year VA Refi | 6.50% | 4/28/24 |
| 30 Year USDA Purchase | 6.90% | 4/28/24 |
| 15 Year Conventional Purchase | 6.23% | 4/28/24 |
| 15 Year Conventional Refi | 6.19% | 4/28/24 |
| 15 Year Cash-out Refi | 6.19% | 4/28/24 |
| 15 Year FHA Refi | 5.68% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,929Origination Dollar Volume (All Markets)
$384,695,000Awards
GREENTREE MORTGAGE COMPANY L.P. - 2018
GREENTREE MORTGAGE COMPANY L.P. is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 1,389 | $271,545,000 | $195,497 | $5,600 | 4.88% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 161 | $43,905,000 | $272,702 | $6,575 | 4.97% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 230 | $38,580,000 | $167,739 | $4,724 | 4.95% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 56 | $9,200,000 | $164,286 | $5,106 | 4.94% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 29 | $7,115,000 | $245,345 | $4,599 | 4.75% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 15 | $3,845,000 | $256,333 | $6,209 | 4.73% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 10 | $2,020,000 | $202,000 | $6,539 | 5.05% |
| Outside of Metro Areas | 6 | $1,280,000 | $213,333 | $4,565 | 5.06% |
| READING, PA (FHA|USDA|VA) | 6 | $1,230,000 | $205,000 | $5,778 | 4.79% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $8,324 | 4.58% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $3,813 | 4.97% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $4,049 | 4.88% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $4,905 | 4.91% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $6,379 | 4.81% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,350 | 4.81% |
| New Castle, PA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,516 | 4.44% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,224 | 4.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,709 | 4.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,117 | 4.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,136 | 4.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,524 | 4.50% |
| ERIE, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,444 | 4.38% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,994 | 4.88% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,162 | 4.63% |
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
For 2018, Greentree Mortgage Company L.p.'s most frequently originated type of loan was Conventional, with 975 originations. Their 2nd most popular type was FHA, with 842 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 1,713 | $333,155,000 | $194,486 | $5,523 | 4.89% |
| Refi | 216 | $51,540,000 | $238,611 | $5,700 | 4.90% |
For 2018, Greentree Mortgage Company L.p.'s most frequently cited loan purpose was Home Purchase, with 1,713 originations. The 2nd most popular reason was Refi, with 216 originations.
Loan Duration/Length
For 2018, Greentree Mortgage Company L.p.'s most frequently cited loan duration was 30 Year, with 1,858 originations. The 2nd most popular length was 15 Year, with 44 originations.
Origination Fees/Closing Costs
Greentree Mortgage Company L.p.'s average total fees were $5,607, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,416 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1,392 | $287,280,000 | $206,379 |
| 5-6% | 518 | $90,940,000 | $175,560 |
| 3-4% | 19 | $6,475,000 | $340,789 |
During 2018, Greentree Mortgage Company L.p.'s average interest rate for loans was 4.90%, while their most frequently originated rate bucket for loans was 4-5%, with 1,392 originations.
Loan Sizing
2018 saw Greentree Mortgage Company L.p. place emphasis on $100k-200k loans with 967 originations, totaling $146,565,000 in origination value.
Applicant Income
Greentree Mortgage Company L.p. lent most frequently to those with incomes in the $50k-75k range, with 603 originations. The second most popular income band? $75k-100k, with 398 originations.
Applicant Debt to Income Ratio
Greentree Mortgage Company L.p. lent most frequently to those with DTI ratios of 30-36%, with 310 originations. The next most common DTI ratio? 50-60%, with 310 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.43%
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 origination66.67%
Greentree Mortgage Company L.p. 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 | 1,929 | $384,695,000 | $199,427 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,929 | $384,695,000 | $199,427 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GUARANTEED HOME MORTGAGE COMPANY | Other type of mortgage | Trouble during payment process | 1 | 100.0% |