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

WILMINGTON, DE

LEI: 549300BCHY7VFHESOE22

Tax ID: 22-3188285

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Mortgage Data

Review & Overview

Greentree Mortgage Company L.p. is a small mortgage company specializing in Home Purchase and Refi 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, New York, Atlantic City, Ocean City, and Vineland among others. We have data for 36 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.

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% 3/28/24
30 Year Conventional Refi 6.75% 3/28/24
30 Year FHA Purchase 7.36% 3/28/24
30 Year FHA Refi 7.09% 3/28/24
30 Year VA Purchase 6.42% 3/28/24
30 Year VA Refi 6.50% 3/28/24
30 Year USDA Purchase 6.90% 3/28/24
15 Year Conventional Purchase 6.23% 3/28/24
15 Year Conventional Refi 6.19% 3/28/24
15 Year Cash-out Refi 6.19% 3/28/24
15 Year FHA Refi 5.68% 3/28/24
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

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

6,022

Origination Dollar Volume (All Markets)

$1,420,740,000
Show all (18) 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) 4,158 $951,650,000 $228,872 $4,947 3.08%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 648 $193,650,000 $298,843 $5,040 3.04%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 647 $137,075,000 $211,862 $4,553 3.07%
OCEAN CITY, NJ (FHA|USDA|VA) 176 $52,460,000 $298,068 $4,234 2.99%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 146 $25,360,000 $173,699 $5,388 3.21%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 82 $20,350,000 $248,171 $5,003 3.05%
Outside of Metro Areas 39 $9,835,000 $252,179 $4,592 2.88%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 16 $4,490,000 $280,625 $5,086 3.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 14 $3,760,000 $268,571 $4,233 3.08%
SALISBURY, MD-DE (FHA|USDA|VA) 8 $2,520,000 $315,000 $3,989 3.14%
LANCASTER, PA (FHA|USDA|VA) 9 $2,425,000 $269,444 $4,383 2.54%
DOVER, DE (FHA|USDA|VA) 8 $1,970,000 $246,250 $5,506 3.05%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $1,970,000 $246,250 $3,995 2.91%
READING, PA (FHA|USDA|VA) 5 $1,555,000 $311,000 $6,270 3.03%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $1,525,000 $305,000 $3,801 3.05%
EAST STROUDSBURG, PA (FHA|USDA|VA) 9 $1,375,000 $152,778 $5,012 3.04%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 8 $1,220,000 $152,500 $4,652 2.70%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $1,060,000 $176,667 $3,350 3.27%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 4 $880,000 $220,000 $2,604 2.81%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 3 $835,000 $278,333 $4,505 2.46%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $790,000 $395,000 $3,469 3.94%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $495,000 $165,000 $3,395 3.08%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $400,000 $200,000 $2,686 3.19%
PITTSBURGH, PA (FHA|USDA|VA) 2 $370,000 $185,000 $5,544 2.75%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $350,000 $175,000 $5,446 3.25%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $330,000 $165,000 $3,698 3.06%
Huntingdon, PA (FHA|USDA|VA) 1 $295,000 $295,000 $4,403 2.63%
GAINESVILLE, FL (FHA|USDA|VA) 1 $295,000 $295,000 $3,308 3.63%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,030 2.75%
Key West, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,838 2.88%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $215,000 $215,000 $7,559 3.88%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $195,000 $195,000 $7,425 3.88%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $185,000 $185,000 $4,670 3.38%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $165,000 $165,000 $3,307 3.00%
Pottsville, PA (FHA|USDA|VA) 1 $125,000 $125,000 $5,355 4.13%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $125,000 $125,000 $2,992 2.63%
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)
  • (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,080 $991,000,000 $242,892 $3,794 3.08%
    FHA 1,639 $352,325,000 $214,963 $7,400 3.08%
    VA 221 $62,215,000 $281,516 $6,371 2.88%
    USDA 82 $15,200,000 $185,366 $5,459 3.14%

    For 2020, Greentree Mortgage Company L.p.'s most frequently originated type of loan was Conventional, with 4,080 originations. Their 2nd most popular type was FHA, with 1,639 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,551 $805,995,000 $226,977 $5,392 3.12%
    Refi 2,470 $614,600,000 $248,826 $4,177 3.00%
    Home Improvement 1 $145,000 $145,000 $3,443 4.88%

    For 2020, Greentree Mortgage Company L.p.'s most frequently cited loan purpose was Home Purchase, with 3,551 originations. The 2nd most popular reason was Refi, with 2,470 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,070 $1,202,040,000 $237,089 $5,143 3.12%
    15 Year 551 $120,335,000 $218,394 $3,457 2.70%
    20 Year 220 $53,980,000 $245,364 $3,689 3.04%
    Other 157 $39,975,000 $254,618 $3,793 3.04%
    10 Year 24 $4,410,000 $183,750 $3,440 2.63%

    For 2020, Greentree Mortgage Company L.p.'s most frequently cited loan duration was 30 Year, with 5,070 originations. The 2nd most popular length was 15 Year, with 551 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 5,080 $1,211,880,000 $238,559
    $1k-2k 319 $58,755,000 $184,185
    $2k-3k 280 $57,880,000 $206,714
    $3k-4k 102 $24,950,000 $244,608
    $4k-5k 51 $16,125,000 $316,176
    $5k+ 49 $15,925,000 $325,000

    Greentree Mortgage Company L.p.'s average total fees were $5,143, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5,080 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 2,694 $657,930,000 $244,220
    3-4% 2,343 $527,295,000 $225,051
    <2.5% 736 $188,370,000 $255,938
    4-5% 207 $37,965,000 $183,406
    5-6% 7 $1,075,000 $153,571

    During 2020, Greentree Mortgage Company L.p.'s average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,694 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,112 $849,930,000 $273,114 $5,251 3.01%
    $100k-200k 2,244 $351,660,000 $156,711 $4,383 3.14%
    $400k-600k 402 $184,440,000 $458,806 $5,688 2.93%
    $100,000 or less 242 $19,190,000 $79,298 $3,466 3.46%
    $600k-1MM 21 $14,315,000 $681,667 $7,394 3.07%
    $1MM+ 1 $1,205,000 $1,205,000 $8,655 3.25%

    2020 saw Greentree Mortgage Company L.p. place emphasis on $200k-400k loans with 3,112 originations, totaling $849,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,425 $275,915,000 $193,625 $5,132 3.10%
    $100k-150k 1,355 $355,175,000 $262,122 $4,720 3.06%
    $75k-100k 1,108 $247,150,000 $223,060 $5,015 3.08%
    $50k or less 987 $175,205,000 $177,513 $5,176 3.10%
    $150k-250k 900 $274,030,000 $304,478 $4,448 3.03%
    $250k+ 244 $92,310,000 $378,320 $4,394 2.96%

    Greentree Mortgage Company L.p. lent most frequently to those with incomes in the $50k-75k range, with 1,425 originations. The second most popular income band? $100k-150k, with 1,355 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,132 $279,610,000 $247,005 $4,189 3.03%
    30-36% 1,006 $237,950,000 $236,531 $4,525 3.10%
    50-60% 505 $111,795,000 $221,376 $7,626 3.06%
    <20% 313 $76,615,000 $244,776 $3,763 2.95%
    43% 250 $58,110,000 $232,440 $4,896 3.12%
    44% 238 $55,040,000 $231,261 $4,834 3.16%
    42% 220 $49,840,000 $226,545 $4,590 3.11%
    49% 207 $45,625,000 $220,411 $4,972 3.17%
    41% 203 $45,095,000 $222,143 $4,389 3.13%
    37% 202 $48,340,000 $239,307 $4,814 3.09%
    38% 194 $47,130,000 $242,938 $5,054 3.05%
    36% 191 $43,665,000 $228,613 $4,539 3.14%
    39% 188 $44,970,000 $239,202 $4,410 3.04%
    40% 188 $45,020,000 $239,468 $4,659 3.06%
    47% 178 $38,110,000 $214,101 $5,188 3.07%
    46% 175 $40,435,000 $231,057 $5,136 3.11%
    48% 166 $39,630,000 $238,735 $5,299 3.07%
    45% 156 $34,150,000 $218,910 $4,914 3.18%
    >60% 10 $2,440,000 $244,000 $5,693 3.49%

    Greentree Mortgage Company L.p. lent most frequently to those with DTI ratios of 20-30%, with 1,132 originations. The next most common DTI ratio? 30-36%, with 1,006 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,046 $1,195,300,000 $236,881 $4,760 3.07%
    Black 418 $93,350,000 $223,325 $6,278 3.15%
    Not provided 372 $86,460,000 $232,419 $5,425 2.98%
    Asian 172 $42,130,000 $244,942 $4,273 3.06%
    American Indian 8 $2,270,000 $283,750 $5,029 3.08%
    Native Hawaiian or Islander 4 $850,000 $212,500 $4,355 3.66%
    Not applicable 1 $205,000 $205,000 $0 0.00%
    Other Pacific Islander 1 $175,000 $175,000 $6,551 3.88%

    Approval Rates

    Total approvals of all applications
    98.82%

    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
    78.58%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 6,022 $1,420,740,000 $235,925

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 6,022 $1,420,740,000 $235,925

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 94 $15,840,000 $168,511 $3,193 2.89%
    40-60% 409 $88,525,000 $216,443 $3,496 2.87%
    60-80% 1,780 $438,560,000 $246,382 $3,830 3.06%
    80-100% 3,678 $861,500,000 $234,231 $5,516 3.10%
    Over 100% 51 $14,805,000 $290,294 $11,635 3.01%
    Under 20% 7 $985,000 $140,714 $2,995 3.55%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    GREENTREE MORTGAGE CO. L.P. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    GREENTREE MORTGAGE CO. L.P. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%