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

WILMINGTON, DE

LEI: 549300BCHY7VFHESOE22

Tax ID: 22-3188285

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Greentree Mortgage Company L.p. is a smaller mortgage company specializing in Home Purchase and Refi 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, Ocean City, and Vineland 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.75% 12/2/24
    30 Year Conventional Refi 6.75% 12/2/24
    30 Year FHA Purchase 7.36% 12/2/24
    30 Year FHA Refi 7.09% 12/2/24
    30 Year VA Purchase 6.42% 12/2/24
    30 Year VA Refi 6.50% 12/2/24
    30 Year USDA Purchase 6.90% 12/2/24
    15 Year Conventional Purchase 6.23% 12/2/24
    15 Year Conventional Refi 6.19% 12/2/24
    15 Year Cash-out Refi 6.19% 12/2/24
    15 Year FHA Refi 5.68% 12/2/24
    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

    3,436

    Origination Dollar Volume (All Markets)

    $713,970,000
    Show all (8) awards

    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) 2,443 $491,415,000 $201,152 $5,297 4.27%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 316 $86,970,000 $275,222 $6,255 4.18%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 391 $70,685,000 $180,780 $4,809 4.31%
    OCEAN CITY, NJ (FHA|USDA|VA) 74 $22,120,000 $298,919 $4,886 4.15%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 98 $15,720,000 $160,408 $5,107 4.28%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 30 $7,470,000 $249,000 $5,333 4.25%
    Outside of Metro Areas 29 $6,245,000 $215,345 $4,891 4.35%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 15 $2,915,000 $194,333 $5,908 4.29%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 6 $2,300,000 $383,333 $5,095 3.81%
    READING, PA (FHA|USDA|VA) 4 $1,160,000 $290,000 $4,914 4.28%
    SALISBURY, MD-DE (FHA|USDA|VA) 4 $1,040,000 $260,000 $3,142 3.97%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $985,000 $328,333 $6,315 4.04%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 7 $945,000 $135,000 $5,471 4.50%
    DOVER, DE (FHA|USDA|VA) 3 $785,000 $261,667 $5,499 4.46%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $635,000 $211,667 $4,247 3.54%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $580,000 $290,000 $5,683 4.13%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $465,000 $465,000 $7,139 4.63%
    Key West, FL (FHA|USDA|VA) 1 $355,000 $355,000 $4,389 3.75%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $285,000 $285,000 $4,190 4.13%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $255,000 $255,000 $6,774 4.63%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $195,000 $195,000 $3,794 4.50%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $195,000 $195,000 $2,305 4.13%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $165,000 $165,000 $4,521 4.88%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $85,000 $85,000 $4,841 3.75%
    Greentree Mortgage Company L.p.'s top markets include Philadelphia, New York, Atlantic City, Ocean City, and Vineland among others.

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

    N C P D Federal Credit Union
    Similarity Rank: 56
    Schuyler Savings Bank
    Similarity Rank: 104
    FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
    Similarity Rank: 122
    Union County Savings Bank
    Similarity Rank: 150
    Prudential Bank
    Similarity Rank: 162
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 192
    Blue Foundry Bank
    Similarity Rank: 212
    Bogota Savings Bank
    Similarity Rank: 246
    MOUNTAIN MORTGAGE CORP.
    Similarity Rank: 266
    FUNDING RESOURCES MORTGAGE CORPORATION
    Similarity Rank: 292

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,829 $395,465,000 $216,219 $3,924 4.27%
    FHA 1,394 $272,150,000 $195,230 $7,004 4.29%
    VA 153 $37,215,000 $243,235 $6,589 4.09%
    USDA 60 $9,140,000 $152,333 $4,865 4.15%

    For 2019, Greentree Mortgage Company L.p.'s most frequently originated type of loan was Conventional, with 1,829 originations. Their 2nd most popular type was FHA, with 1,394 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,818 $567,190,000 $201,274 $5,393 4.31%
    Refi 617 $146,675,000 $237,723 $4,936 4.05%
    Other 1 $105,000 $105,000 $3,181 4.38%

    For 2019, Greentree Mortgage Company L.p.'s most frequently cited loan purpose was Home Purchase, with 2,818 originations. The 2nd most popular reason was Refi, with 617 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,238 $674,460,000 $208,295 $5,399 4.29%
    15 Year 124 $23,450,000 $189,113 $3,730 3.77%
    20 Year 50 $10,750,000 $215,000 $3,829 3.94%
    Other 21 $5,025,000 $239,286 $4,875 4.07%
    10 Year 3 $285,000 $95,000 $2,922 3.58%

    For 2019, Greentree Mortgage Company L.p.'s most frequently cited loan duration was 30 Year, with 3,238 originations. The 2nd most popular length was 15 Year, with 124 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,762 $582,330,000 $210,836
    $1k-2k 268 $44,400,000 $165,672
    $2k-3k 233 $41,945,000 $180,021
    $3k-4k 98 $22,680,000 $231,429
    $4k-5k 51 $14,065,000 $275,784
    $5k+ 23 $8,475,000 $368,478

    Greentree Mortgage Company L.p.'s average total fees were $5,399, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,762 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,818 $361,540,000 $198,867
    3-4% 1,324 $304,900,000 $230,287
    5-6% 285 $45,615,000 $160,053
    2.5-3% 9 $1,915,000 $212,778

    During 2019, Greentree Mortgage Company L.p.'s average interest rate for loans was 4.29%, while their most frequently originated rate bucket for loans was 4-5%, with 1,818 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,605 $245,845,000 $153,174 $4,888 4.33%
    $200k-400k 1,400 $376,010,000 $268,579 $6,010 4.14%
    $100,000 or less 282 $22,690,000 $80,461 $3,624 4.60%
    $400k-600k 140 $62,740,000 $448,143 $6,304 4.05%
    $600k-1MM 8 $5,670,000 $708,750 $9,653 4.42%
    $1MM+ 1 $1,015,000 $1,015,000 $6,869 4.63%

    2019 saw Greentree Mortgage Company L.p. place emphasis on $100k-200k loans with 1,605 originations, totaling $245,845,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 975 $172,485,000 $176,908 $5,389 4.32%
    $100k-150k 695 $170,755,000 $245,691 $5,552 4.22%
    $50k or less 677 $100,185,000 $147,984 $4,975 4.30%
    $75k-100k 657 $138,125,000 $210,236 $5,395 4.24%
    $150k-250k 338 $99,250,000 $293,639 $5,306 4.20%
    $250k+ 94 $33,170,000 $352,872 $4,572 4.14%

    Greentree Mortgage Company L.p. lent most frequently to those with incomes in the $50k-75k range, with 975 originations. The second most popular income band? $100k-150k, with 695 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 512 $105,390,000 $205,840 $4,969 4.25%
    20-30% 473 $98,045,000 $207,283 $4,581 4.18%
    50-60% 458 $92,320,000 $201,572 $7,067 4.29%
    44% 147 $30,155,000 $205,136 $5,056 4.32%
    39% 144 $29,950,000 $207,986 $4,925 4.29%
    41% 144 $29,000,000 $201,389 $5,094 4.28%
    49% 143 $29,345,000 $205,210 $4,970 4.40%
    43% 143 $30,905,000 $216,119 $5,069 4.32%
    48% 135 $27,365,000 $202,704 $5,361 4.31%
    46% 129 $27,495,000 $213,140 $5,182 4.32%
    45% 116 $22,900,000 $197,414 $5,244 4.39%
    40% 114 $22,510,000 $197,456 $5,283 4.26%
    47% 114 $24,290,000 $213,070 $5,548 4.35%
    36% 110 $23,400,000 $212,727 $4,935 4.27%
    42% 107 $22,635,000 $211,542 $4,909 4.36%
    38% 105 $20,915,000 $199,190 $5,232 4.33%
    <20% 100 $21,540,000 $215,400 $4,156 4.11%
    37% 98 $20,980,000 $214,082 $5,226 4.18%
    >60% 66 $15,500,000 $234,848 $6,361 4.24%

    Greentree Mortgage Company L.p. lent most frequently to those with DTI ratios of 30-36%, with 512 originations. The next most common DTI ratio? 20-30%, with 473 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,845 $598,845,000 $210,490 $5,207 4.24%
    Black 309 $59,125,000 $191,343 $6,174 4.40%
    Not provided 178 $36,380,000 $204,382 $5,663 4.43%
    Asian 91 $16,795,000 $184,560 $4,962 4.34%
    Not applicable 6 $1,000,000 $166,667 $5,314 4.04%
    American Indian 3 $605,000 $201,667 $5,896 4.38%
    Native Hawaiian or Islander 2 $590,000 $295,000 $4,037 4.31%
    Other Pacific Islander 1 $405,000 $405,000 $4,537 3.75%
    Other Asian 1 $225,000 $225,000 $4,320 3.63%

    Approval Rates

    Total approvals of all applications
    98.51%

    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
    74.71%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,436 $713,970,000 $207,791

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 3,436 $713,970,000 $207,791

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 37 $4,105,000 $110,946 $3,308 4.15%
    40-60% 121 $20,855,000 $172,355 $3,639 4.13%
    60-80% 674 $145,760,000 $216,261 $4,115 4.29%
    80-100% 2,557 $532,175,000 $208,125 $5,670 4.26%
    Over 100% 44 $10,690,000 $242,955 $9,132 4.27%
    Under 20% 3 $385,000 $128,333 $3,592 3.96%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    GUARANTEED HOME MORTGAGE COMPANY FHA mortgage Struggling to pay mortgage 1 100.0%