Crescent Mortgage Company Rates, Fees & Info

WILMINGTON, DE

LEI: 549300D214S3L7KZ0515

Tax ID: 16-1686740

5 stars - Updated: 4/5/25 - out of 5 stars, based on 12 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Crescent Mortgage Company is a smaller mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Crescent Mortgage Company has a high 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: Atlanta, Greenville, Spartanburg, Cornelia, and Richmond among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Crescent Mortgage Company has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Crescent Mortgage Company 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.

    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 6.49% 4/5/25
    30 Year Conventional Refi 3.01% 4/5/25
    30 Year Cash-out Refi 3.31% 4/5/25
    30 Year FHA Purchase 6.93% 4/5/25
    30 Year VA Purchase 6.01% 4/5/25
    15 Year Conventional Purchase 6.26% 4/5/25
    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.

    Crescent Mortgage Company Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Crescent Mortgage Company. 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

    137

    Origination Dollar Volume (All Markets)

    $53,225,000
    Show all (5) awards

    Relative Rate

    Crescent Mortgage Company's average 30 year fixed mortgage rate was 4.62%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -1.93%.

    Relative Fees (Closing Costs)

    Crescent Mortgage Company's average total fees/closing costs for a 30 year fixed rate mortgage were $4,112.

    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

    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
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 91 $39,065,000 $429,286 $3,934 4.13%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 28 $8,820,000 $315,000 $4,057 5.85%
    SPARTANBURG, SC (FHA|USDA|VA) 7 $1,875,000 $267,857 $5,842 6.63%
    Outside of Metro Areas 5 $1,565,000 $313,000 $5,842 7.75%
    Cornelia, GA (FHA|USDA|VA) 1 $485,000 $485,000 $6,638 7.63%
    RICHMOND, VA (FHA|USDA|VA) 1 $315,000 $315,000 $13,134 6.25%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $315,000 $315,000 $4,843 5.88%
    Summerville, GA (FHA|USDA|VA) 1 $305,000 $305,000 $5,651 7.75%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $275,000 $275,000 $5,781 6.75%
    Union, SC (FHA|USDA|VA) 1 $205,000 $205,000 $4,075 6.50%
    Crescent Mortgage Company's top markets include Atlanta, Greenville, Spartanburg, Cornelia, and Richmond among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

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

    The Focus Federal Credit Union
    Similarity Rank: 44
    Utah Power
    Similarity Rank: 48
    ALLEGIANCE
    Similarity Rank: 49
    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 50
    Calvin B. Taylor Banking Company of Berlin, Maryland
    Similarity Rank: 50
    UniBank for Savings
    Similarity Rank: 60
    ROCKLAND
    Similarity Rank: 65
    PROSPERA Credit Union
    Similarity Rank: 84
    US Employees O.C. Federal Credit Union
    Similarity Rank: 84
    ROBINS FINANCIAL
    Similarity Rank: 92

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 130 $51,160,000 $393,538 $4,120 4.79%
    VA 5 $1,345,000 $269,000 $4,864 5.88%
    FHA 2 $720,000 $360,000 $10,935 6.25%

    For 2024, Crescent Mortgage Company's most frequently originated type of loan was Conventional, with 130 originations. Their 2nd most popular type was VA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 63 $26,035,000 $413,254 $3,727 4.06%
    Cash Out Refi 38 $15,770,000 $415,000 $3,951 4.37%
    Home Purchase 36 $11,420,000 $317,222 $5,469 6.75%

    For 2024, Crescent Mortgage Company's most frequently cited loan purpose was Refi, with 63 originations. The 2nd most popular reason was Cash Out Refi, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 127 $50,025,000 $393,898 $4,112 4.62%
    30+ year 7 $2,725,000 $389,286 $6,731 8.48%
    15 Year 2 $240,000 $120,000 $3,325 7.06%
    10 Year 1 $235,000 $235,000 $5,772 5.25%

    For 2024, Crescent Mortgage Company's most frequently cited loan duration was 30 Year, with 127 originations. The 2nd most popular length was 30+ year, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 121 $48,285,000 $399,050
    $2k-3k 10 $3,260,000 $326,000
    $<1k 2 $330,000 $165,000
    $4k-5k 2 $680,000 $340,000
    $3k-4k 1 $355,000 $355,000
    $5k+ 1 $315,000 $315,000

    Crescent Mortgage Company's average total fees were $4,112, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 121 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 96 $40,460,000 $421,458
    6-7% 25 $7,085,000 $283,400
    7-8% 10 $3,490,000 $349,000
    5-6% 4 $1,270,000 $317,500
    Over 8% 2 $920,000 $460,000

    During 2024, Crescent Mortgage Company's average interest rate for loans was 4.62%, while their most frequently originated rate bucket for loans was 3-4%, with 96 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 68 $20,400,000 $300,000 $4,170 4.96%
    $400k-600k 44 $21,570,000 $490,227 $4,500 4.88%
    $100k-200k 13 $1,955,000 $150,385 $3,369 5.01%
    $600k-1MM 9 $6,155,000 $683,889 $4,443 3.99%
    $1MM+ 3 $3,145,000 $1,048,333 $5,498 3.99%

    2024 saw Crescent Mortgage Company place emphasis on $200k-400k loans with 68 originations, totaling $20,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 39 $17,315,000 $443,974 $4,540 4.85%
    $100k-150k 35 $13,895,000 $397,000 $4,173 4.66%
    $75k-100k 27 $8,685,000 $321,667 $4,212 5.05%
    $250k+ 15 $8,985,000 $599,000 $4,522 4.94%
    $50k-75k 15 $3,365,000 $224,333 $3,820 4.93%
    $50k or less 6 $980,000 $163,333 $3,309 4.76%

    Crescent Mortgage Company lent most frequently to those with incomes in the $150k-250k range, with 39 originations. The second most popular income band? $100k-150k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 34 $13,530,000 $397,941 $3,911 4.54%
    30-36% 23 $8,805,000 $382,826 $4,102 4.69%
    <20% 18 $6,130,000 $340,556 $3,854 4.58%
    40% 9 $2,975,000 $330,556 $4,455 5.69%
    39% 8 $4,330,000 $541,250 $4,373 4.70%
    44% 6 $2,390,000 $398,333 $3,569 3.99%
    43% 5 $1,965,000 $393,000 $6,735 6.72%
    45% 5 $2,605,000 $521,000 $4,746 5.92%
    36% 5 $1,505,000 $301,000 $4,481 5.55%
    38% 5 $1,655,000 $331,000 $5,615 4.97%
    42% 5 $2,065,000 $413,000 $4,289 4.72%
    41% 4 $1,240,000 $310,000 $3,509 3.99%
    37% 4 $1,990,000 $497,500 $3,988 3.99%
    50-60% 3 $935,000 $311,667 $5,673 6.33%
    46% 2 $640,000 $320,000 $3,821 5.25%
    48% 1 $465,000 $465,000 $4,638 6.88%

    Crescent Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 34 originations. The next most common DTI ratio? 30-36%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 78 $27,790,000 $356,282 $4,259 5.17%
    Not provided 26 $11,080,000 $426,154 $4,425 4.45%
    Black 20 $8,170,000 $408,500 $4,170 4.74%
    Asian 10 $4,940,000 $494,000 $3,997 3.99%
    Asian Indian 2 $1,020,000 $510,000 $4,015 3.99%
    Chinese 1 $225,000 $225,000 $3,131 3.99%

    Approval Rates

    Total approvals of all applications
    85.47%

    Crescent Mortgage Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.32%

    Crescent Mortgage Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 137 $53,225,000 $388,504

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    137 $53,225,000 $388,504

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $1,235,000 $176,429 $3,569 5.01%
    40-60% 8 $2,630,000 $328,750 $4,071 5.17%
    60-80% 32 $12,300,000 $384,375 $4,074 4.98%
    80-100% 89 $36,855,000 $414,101 $4,294 4.76%
    Over 100% 1 $205,000 $205,000 $11,787 6.13%