Langley Mortgage Rates, Fees & Info
Newport News, VALEI: 549300CHR7TPQ6LLXG47
Tax ID: 54-0451953
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Mortgage Data
Review & Overview
Langley is a smaller mortgage company specializing in Home Improvement, Other, and Home Purchase loans. Langley has an average proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Virginia Beach, Richmond, Washington, Raleigh, and Kill Devil Hills among others. We have data for 35 markets. (Some data included below & more in-depth data is available with an active subscription.)Langley has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Langley is typically a low 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.27% | 4/17/25 |
| 30 Year Conventional Purchase | 6.93% | 4/17/25 |
| 30 Year Conventional Refi | 6.11% | 4/17/25 |
| 30 Year Cash-out Refi | 5.96% | 4/17/25 |
| 30 Year FHA Purchase | 7.36% | 4/17/25 |
| 30 Year FHA Refi | 6.72% | 4/17/25 |
| 30 Year VA Purchase | 6.50% | 4/17/25 |
| 30 Year VA Refi | 6.16% | 4/17/25 |
| 15 Year Conventional Purchase | 5.92% | 4/17/25 |
| 15 Year Conventional Refi | 6.33% | 4/17/25 |
| 15 Year Cash-out Refi | 6.33% | 4/17/25 |
| 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. | ||
Langley Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,250Origination Dollar Volume (All Markets)
$220,930,000Awards
LANGLEY - 2024
LANGLEY is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Langley's average 30 year fixed mortgage rate was
6.21%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.34%.
Relative Fees (Closing Costs)
Langley's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,810.
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 $8,356.
Top Markets
Click or Hover to activate map
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 |
|---|---|---|---|---|---|
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1,826 | $174,910,000 | $95,789 | $6,907 | 7.77% |
| RICHMOND, VA (FHA|USDA|VA) | 171 | $16,775,000 | $98,099 | $4,776 | 7.87% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 80 | $9,770,000 | $122,125 | $0 | 8.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 35 | $6,535,000 | $186,714 | $4,679 | 7.45% |
| Outside of Metro Areas | 46 | $3,960,000 | $86,087 | $3,469 | 7.74% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 8 | $970,000 | $121,250 | $5,937 | 7.98% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 10 | $950,000 | $95,000 | $0 | 7.79% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 13 | $845,000 | $65,000 | $0 | 8.30% |
| ROANOKE, VA (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $6,236 | 7.27% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $2,625 | 7.32% |
| Elizabeth City, NC (FHA|USDA|VA) | 10 | $630,000 | $63,000 | $0 | 7.79% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,616 | 7.43% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 6 | $480,000 | $80,000 | $0 | 9.12% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 6 | $420,000 | $70,000 | $0 | 7.62% |
| LYNCHBURG, VA (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $3,491 | 6.12% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,552 | 5.75% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,441 | 4.50% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,290 | 6.63% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,134 | 6.25% |
| STAUNTON, VA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 8.99% |
| HARRISONBURG, VA (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $0 | 8.66% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.99% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 7.25% |
| Forest City, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.49% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.99% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.99% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,597 | 7.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 8.25% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.99% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 9.49% |
| Danville, VA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.99% |
| Sanford, NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.99% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.99% |
| Kinston, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.99% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 7.99% |
Similar Lenders
We use machine learning to identify the top lenders compared against LANGLEY 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 2024, Langley's most frequently originated type of loan was HELOC, with 2,048 originations. Their 2nd most popular type was Conventional, with 186 originations.
Loan Reason
For 2024, Langley's most frequently cited loan purpose was Home Improvement, with 972 originations. The 2nd most popular reason was Other, with 816 originations.
Loan Duration/Length
For 2024, Langley's most frequently cited loan duration was Other, with 1,911 originations. The 2nd most popular length was 30 Year, with 182 originations.
Origination Fees/Closing Costs
Langley's average total fees were $6,810, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 85 originations.
Interest Rates
During 2024, Langley's average interest rate for loans was 6.21%, while their most frequently originated rate bucket for loans was Over 8%, with 840 originations.
Loan Sizing
2024 saw Langley place emphasis on $100,000 or less loans with 1,546 originations, totaling $80,230,000 in origination value.
Applicant Income
Langley lent most frequently to those with incomes in the $100k-150k range, with 595 originations. The second most popular income band? $150k-250k, with 559 originations.
Applicant Debt to Income Ratio
Langley lent most frequently to those with DTI ratios of 20-30%, with 448 originations. The next most common DTI ratio? 30-36%, with 425 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.08%
Langley has a below average approval rate.
Pick Rate
Approvals leading to origination94.27%
Langley has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,250 | $220,930,000 | $98,191 |