Mortgage Access Corp. Rates, Fees & Info

Morris Plains, NJ

LEI: 549300EFCZM6KD6B8K69

Tax ID: 22-2302263

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    • Review & Overview

    Mortgage Access Corp. is a small mortgage company specializing in Home Purchase and Refi loans. Mortgage Access Corp. 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: New York, Washington, Philadelphia, Allentown, and Houston among others. We have data for 234 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mortgage Access Corp. 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. Mortgage Access Corp. 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 6.78% 4/18/24
    30 Year Conventional Refi 6.63% 4/18/24
    30 Year Cash-out Refi 6.85% 4/18/24
    30 Year FHA Purchase 7.52% 4/18/24
    30 Year FHA Refi 7.16% 4/18/24
    30 Year VA Purchase 6.39% 4/18/24
    30 Year USDA Purchase 7.50% 4/18/24
    15 Year Conventional Purchase 6.13% 4/18/24
    15 Year Conventional Refi 6.16% 4/18/24
    15 Year Cash-out Refi 6.16% 4/18/24
    15 Year VA Purchase 6.72% 4/18/24
    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.

    Mortgage Access Corp. Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Mortgage Access Corp.. 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

    5,311

    Origination Dollar Volume (All Markets)

    $1,655,725,000
    Show all (12) 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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2,110 $708,100,000 $335,592 $5,663 3.24%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 687 $266,005,000 $387,198 $5,606 3.14%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 946 $217,650,000 $230,074 $5,455 3.21%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 274 $62,500,000 $228,102 $5,452 3.29%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 119 $40,765,000 $342,563 $4,743 3.02%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 57 $20,515,000 $359,912 $4,847 3.04%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 59 $20,155,000 $341,610 $5,624 3.12%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 41 $18,125,000 $442,073 $3,644 3.27%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 53 $17,475,000 $329,717 $4,072 3.03%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 36 $12,890,000 $358,056 $4,858 2.94%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 45 $12,305,000 $273,444 $5,579 3.18%
    Outside of Metro Areas 45 $9,765,000 $217,000 $5,134 3.22%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 26 $9,160,000 $352,308 $3,560 3.12%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 30 $8,430,000 $281,000 $6,219 2.99%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 24 $8,220,000 $342,500 $3,654 3.06%
    JACKSON, MS (FHA|USDA|VA) 24 $6,960,000 $290,000 $7,029 3.07%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 14 $6,910,000 $493,571 $4,449 2.98%
    LOUISVILLE, KY (FHA|USDA|VA) 16 $4,910,000 $306,875 $2,543 3.20%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 15 $4,885,000 $325,667 $3,078 3.07%
    BATON ROUGE, LA (FHA|USDA|VA) 14 $4,360,000 $311,429 $7,523 2.88%
    MIDLAND, TX (FHA|USDA|VA) 11 $4,125,000 $375,000 $5,196 3.02%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 14 $4,120,000 $294,286 $4,108 2.98%
    FORT COLLINS, CO (FHA|USDA|VA) 11 $4,115,000 $374,091 $4,097 3.07%
    PITTSBURGH, PA (FHA|USDA|VA) 15 $4,105,000 $273,667 $4,738 2.98%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 13 $4,075,000 $313,462 $4,869 3.12%
    TOLEDO, OH (FHA|USDA|VA) 14 $3,760,000 $268,571 $3,716 2.92%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 12 $3,580,000 $298,333 $5,488 3.15%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 10 $3,550,000 $355,000 $4,892 3.19%
    OCEAN CITY, NJ (FHA|USDA|VA) 11 $3,535,000 $321,364 $5,622 3.04%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 11 $3,525,000 $320,455 $4,066 3.02%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 6 $3,480,000 $580,000 $11,238 2.79%
    COLUMBUS, OH (FHA|USDA|VA) 8 $3,300,000 $412,500 $4,778 3.23%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 13 $3,195,000 $245,769 $3,037 2.95%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 15 $2,995,000 $199,667 $4,577 3.18%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 18 $2,840,000 $157,778 $5,500 3.51%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 9 $2,725,000 $302,778 $3,602 3.12%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 9 $2,625,000 $291,667 $4,435 3.29%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 9 $2,555,000 $283,889 $3,578 3.05%
    BOISE CITY, ID (FHA|USDA|VA) 6 $2,520,000 $420,000 $4,055 2.66%
    HUNTSVILLE, AL (FHA|USDA|VA) 9 $2,385,000 $265,000 $5,433 3.35%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 7 $2,355,000 $336,429 $3,393 2.84%
    Russellville, AR (FHA|USDA|VA) 9 $2,335,000 $259,444 $4,367 2.92%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 5 $2,285,000 $457,000 $5,756 3.17%
    READING, PA (FHA|USDA|VA) 9 $2,265,000 $251,667 $6,258 3.39%
    RICHMOND, VA (FHA|USDA|VA) 8 $2,250,000 $281,250 $5,283 3.06%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 9 $2,235,000 $248,333 $4,493 3.41%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 7 $1,985,000 $283,571 $4,180 3.13%
    JACKSONVILLE, FL (FHA|USDA|VA) 8 $1,980,000 $247,500 $3,458 3.12%
    LANCASTER, PA (FHA|USDA|VA) 8 $1,940,000 $242,500 $5,647 2.98%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $1,915,000 $383,000 $3,852 3.07%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 6 $1,870,000 $311,667 $3,248 3.35%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 11 $1,855,000 $168,636 $5,566 3.40%
    AKRON, OH (FHA|USDA|VA) 6 $1,810,000 $301,667 $3,957 3.08%
    JOHNSON CITY, TN (FHA|USDA|VA) 5 $1,805,000 $361,000 $3,974 2.65%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 5 $1,765,000 $353,000 $2,602 2.95%
    LAFAYETTE, LA (FHA|USDA|VA) 6 $1,750,000 $291,667 $9,201 3.10%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 6 $1,740,000 $290,000 $6,531 2.92%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 4 $1,720,000 $430,000 $4,603 2.91%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 4 $1,720,000 $430,000 $6,263 2.91%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 7 $1,705,000 $243,571 $3,207 3.23%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 5 $1,685,000 $337,000 $7,056 2.83%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $1,645,000 $329,000 $5,317 3.20%
    BOULDER, CO (FHA|USDA|VA) 3 $1,615,000 $538,333 $3,805 3.25%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $1,540,000 $385,000 $8,190 3.47%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $1,515,000 $303,000 $4,429 2.75%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 4 $1,510,000 $377,500 $8,264 2.66%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 4 $1,380,000 $345,000 $2,652 2.91%
    ANCHORAGE, AK (FHA|USDA|VA) 3 $1,375,000 $458,333 $3,456 3.08%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 4 $1,370,000 $342,500 $4,322 3.16%
    WINCHESTER, VA-WV (FHA|USDA|VA) 6 $1,330,000 $221,667 $3,006 3.19%
    SAVANNAH, GA (FHA|USDA|VA) 5 $1,295,000 $259,000 $4,326 2.75%
    EAU CLAIRE, WI (FHA|USDA|VA) 4 $1,270,000 $317,500 $3,421 3.13%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 4 $1,250,000 $312,500 $7,055 3.31%
    ROANOKE, VA (FHA|USDA|VA) 4 $1,250,000 $312,500 $3,813 3.15%
    LYNCHBURG, VA (FHA|USDA|VA) 5 $1,245,000 $249,000 $3,996 3.00%
    RALEIGH-CARY, NC (FHA|USDA|VA) 4 $1,210,000 $302,500 $3,049 3.19%
    GREELEY, CO (FHA|USDA|VA) 3 $1,205,000 $401,667 $8,722 2.79%
    APPLETON, WI (FHA|USDA|VA) 4 $1,160,000 $290,000 $2,483 3.47%
    WORCESTER, MA-CT (FHA|USDA|VA) 3 $1,155,000 $385,000 $2,990 3.13%
    LUBBOCK, TX (FHA|USDA|VA) 3 $1,155,000 $385,000 $4,169 3.17%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $1,105,000 $368,333 $5,742 3.04%
    BAKERSFIELD, CA (FHA|USDA|VA) 3 $1,105,000 $368,333 $3,509 3.08%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 4 $1,080,000 $270,000 $5,264 2.84%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 3 $1,065,000 $355,000 $5,260 2.66%
    DOVER, DE (FHA|USDA|VA) 4 $1,050,000 $262,500 $5,239 3.25%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 4 $1,040,000 $260,000 $2,733 2.69%
    TULSA, OK (FHA|USDA|VA) 4 $1,040,000 $260,000 $6,991 3.44%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $1,035,000 $345,000 $6,163 2.96%
    YORK-HANOVER, PA (FHA|USDA|VA) 4 $1,030,000 $257,500 $4,486 3.16%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $1,005,000 $335,000 $2,573 3.08%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $985,000 $328,333 $3,744 2.75%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $920,000 $460,000 $7,894 2.44%
    GETTYSBURG, PA (FHA|USDA|VA) 4 $890,000 $222,500 $5,291 3.06%
    Findlay, OH (FHA|USDA|VA) 3 $855,000 $285,000 $3,930 2.96%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 4 $830,000 $207,500 $4,911 3.50%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $790,000 $395,000 $4,880 2.56%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $785,000 $785,000 $5,863 2.75%
    Pottsville, PA (FHA|USDA|VA) 5 $745,000 $149,000 $5,723 3.90%
    Paris, TX (FHA|USDA|VA) 3 $695,000 $231,667 $3,043 3.04%
    LONGVIEW, TX (FHA|USDA|VA) 2 $680,000 $340,000 $6,504 3.06%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $660,000 $165,000 $2,882 2.87%
    CLEVELAND, TN (FHA|USDA|VA) 3 $655,000 $218,333 $4,875 2.88%
    Granbury, TX (FHA|USDA|VA) 2 $650,000 $325,000 $5,207 2.94%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $640,000 $320,000 $2,326 3.06%
    MONTGOMERY, AL (FHA|USDA|VA) 2 $620,000 $310,000 $5,997 3.12%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $620,000 $310,000 $1,955 3.06%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $615,000 $615,000 $2,974 3.75%
    SALINAS, CA (FHA|USDA|VA) 1 $615,000 $615,000 $4,773 3.63%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $610,000 $305,000 $2,212 2.43%
    HAMMOND, LA (FHA|USDA|VA) 3 $585,000 $195,000 $5,465 2.92%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 2 $580,000 $290,000 $2,350 2.69%
    LaGrange, GA-AL (FHA|USDA|VA) 2 $570,000 $285,000 $3,711 2.69%
    KNOXVILLE, TN (FHA|USDA|VA) 3 $565,000 $188,333 $3,842 3.54%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 2 $540,000 $270,000 $4,003 3.00%
    OWENSBORO, KY (FHA|USDA|VA) 2 $510,000 $255,000 $2,013 3.13%
    ALTOONA, PA (FHA|USDA|VA) 2 $500,000 $250,000 $3,717 3.63%
    Bedford, IN (FHA|USDA|VA) 2 $490,000 $245,000 $4,377 3.06%
    COLUMBIA, SC (FHA|USDA|VA) 2 $480,000 $240,000 $4,575 3.13%
    SPRINGFIELD, OH (FHA|USDA|VA) 2 $470,000 $235,000 $7,010 2.56%
    EL PASO, TX (FHA|USDA|VA) 1 $465,000 $465,000 $4,597 3.25%
    Prineville, OR (FHA|USDA|VA) 1 $465,000 $465,000 $13,685 2.50%
    PEORIA, IL (FHA|USDA|VA) 1 $465,000 $465,000 $2,005 2.49%
    BLOOMINGTON, IL (FHA|USDA|VA) 2 $460,000 $230,000 $7,760 3.44%
    NILES, MI (FHA|USDA|VA) 1 $445,000 $445,000 $7,400 2.38%
    Easton, MD (FHA|USDA|VA) 1 $445,000 $445,000 $3,967 3.38%
    Traverse City, MI (FHA|USDA|VA) 1 $445,000 $445,000 $2,047 3.25%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $435,000 $435,000 $2,609 2.99%
    ROCKY MOUNT, NC (FHA|USDA|VA) 2 $430,000 $215,000 $3,768 3.56%
    MADISON, WI (FHA|USDA|VA) 1 $425,000 $425,000 $1,520 3.63%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $420,000 $210,000 $6,937 2.99%
    ROCHESTER, NY (FHA|USDA|VA) 1 $415,000 $415,000 $17,720 2.75%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $415,000 $415,000 $8,961 2.63%
    SALISBURY, MD-DE (FHA|USDA|VA) 3 $415,000 $138,333 $2,815 2.92%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $415,000 $415,000 $2,154 3.25%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $410,000 $205,000 $2,612 2.94%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $405,000 $405,000 $8,775 2.75%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $395,000 $395,000 $3,683 2.63%
    JACKSON, TN (FHA|USDA|VA) 1 $385,000 $385,000 $2,419 2.75%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 2 $380,000 $190,000 $2,132 2.74%
    DuBois, PA (FHA|USDA|VA) 2 $380,000 $190,000 $3,467 4.00%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $375,000 $375,000 $2,919 2.75%
    BEND, OR (FHA|USDA|VA) 1 $365,000 $365,000 $13,891 3.50%
    Jefferson, GA (FHA|USDA|VA) 1 $355,000 $355,000 $3,391 2.99%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $355,000 $355,000 $8,021 2.75%
    SYRACUSE, NY (FHA|USDA|VA) 1 $355,000 $355,000 $3,922 2.88%
    Fremont, OH (FHA|USDA|VA) 1 $355,000 $355,000 $3,231 2.75%
    LIMA, OH (FHA|USDA|VA) 2 $350,000 $175,000 $4,233 3.25%
    Wilson, NC (FHA|USDA|VA) 2 $350,000 $175,000 $6,491 3.31%
    REDDING, CA (FHA|USDA|VA) 1 $345,000 $345,000 $3,277 2.63%
    BAY CITY, MI (FHA|USDA|VA) 1 $345,000 $345,000 $6,662 3.38%
    Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $345,000 $345,000 $1,980 2.88%
    DULUTH, MN-WI (FHA|USDA|VA) 2 $340,000 $170,000 $4,167 2.68%
    STATE COLLEGE, PA (FHA|USDA|VA) 1 $335,000 $335,000 $4,158 2.63%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $335,000 $335,000 $3,295 3.00%
    LAS CRUCES, NM (FHA|USDA|VA) 1 $335,000 $335,000 $3,337 2.99%
    Pontiac, IL (FHA|USDA|VA) 1 $335,000 $335,000 $2,589 3.75%
    MERCED, CA (FHA|USDA|VA) 1 $325,000 $325,000 $3,677 3.63%
    Tupelo, MS (FHA|USDA|VA) 1 $315,000 $315,000 $5,979 3.50%
    SAN ANGELO, TX (FHA|USDA|VA) 1 $315,000 $315,000 $3,781 2.50%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $315,000 $315,000 $1,989 3.38%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $310,000 $155,000 $3,362 3.31%
    Marinette, WI-MI (FHA|USDA|VA) 1 $305,000 $305,000 $2,458 2.99%
    Corinth, MS (FHA|USDA|VA) 1 $305,000 $305,000 $2,222 2.99%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $300,000 $150,000 $2,866 4.13%
    Dublin, GA (FHA|USDA|VA) 1 $295,000 $295,000 $2,986 2.88%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $295,000 $295,000 $4,321 2.75%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $295,000 $295,000 $3,586 2.63%
    Willmar, MN (FHA|USDA|VA) 1 $295,000 $295,000 $2,739 3.49%
    Manitowoc, WI (FHA|USDA|VA) 1 $285,000 $285,000 $11,141 2.75%
    GREENVILLE, NC (FHA|USDA|VA) 1 $285,000 $285,000 $4,959 3.38%
    Albertville, AL (FHA|USDA|VA) 1 $285,000 $285,000 $2,859 3.75%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $285,000 $285,000 $1,992 3.13%
    Roanoke Rapids, NC (FHA|USDA|VA) 1 $285,000 $285,000 $3,510 2.63%
    Cookeville, TN (FHA|USDA|VA) 1 $285,000 $285,000 $2,895 3.13%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $285,000 $285,000 $2,563 3.88%
    TWIN FALLS, ID (FHA|USDA|VA) 1 $275,000 $275,000 $3,666 2.63%
    MODESTO, CA (FHA|USDA|VA) 1 $275,000 $275,000 $5,866 3.63%
    Corning, NY (FHA|USDA|VA) 1 $275,000 $275,000 $12,395 2.75%
    Uvalde, TX (FHA|USDA|VA) 1 $265,000 $265,000 $2,812 3.13%
    AMARILLO, TX (FHA|USDA|VA) 1 $265,000 $265,000 $2,933 3.50%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $265,000 $265,000 $2,177 2.88%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $265,000 $265,000 $6,599 3.63%
    Big Rapids, MI (FHA|USDA|VA) 1 $265,000 $265,000 $1,712 2.99%
    Hobbs, NM (FHA|USDA|VA) 1 $265,000 $265,000 $3,730 3.50%
    Stillwater, OK (FHA|USDA|VA) 1 $265,000 $265,000 $5,720 3.13%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $265,000 $265,000 $5,391 2.75%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $265,000 $265,000 $3,105 2.63%
    Ottumwa, IA (FHA|USDA|VA) 1 $255,000 $255,000 $2,412 2.75%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $255,000 $255,000 $8,638 2.13%
    Augusta-Waterville, ME (FHA|USDA|VA) 1 $255,000 $255,000 $4,444 2.63%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $255,000 $255,000 $4,919 2.49%
    FORT SMITH, AR-OK (FHA|USDA|VA) 1 $255,000 $255,000 $2,385 2.99%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 2 $250,000 $125,000 $2,002 3.13%
    Batavia, NY (FHA|USDA|VA) 1 $245,000 $245,000 $3,349 3.25%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 2 $240,000 $120,000 $1,841 4.06%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $235,000 $235,000 $2,079 3.75%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $235,000 $235,000 $9,701 3.63%
    Red Wing, MN (FHA|USDA|VA) 1 $235,000 $235,000 $2,941 2.88%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $225,000 $225,000 $5,276 2.63%
    ODESSA, TX (FHA|USDA|VA) 1 $225,000 $225,000 $2,477 3.13%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $225,000 $225,000 $5,605 2.99%
    BOWLING GREEN, KY (FHA|USDA|VA) 1 $225,000 $225,000 $6,754 3.25%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $225,000 $225,000 $2,331 3.38%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $225,000 $225,000 $3,042 3.13%
    BANGOR, ME (FHA|USDA|VA) 1 $225,000 $225,000 $5,023 3.38%
    Greenville, MS (FHA|USDA|VA) 1 $215,000 $215,000 $5,749 2.63%
    Chillicothe, OH (FHA|USDA|VA) 1 $215,000 $215,000 $3,265 3.25%
    Bay City, TX (FHA|USDA|VA) 1 $215,000 $215,000 $3,085 3.50%
    FAIRBANKS, AK (FHA|USDA|VA) 1 $215,000 $215,000 $6,947 3.63%
    HATTIESBURG, MS (FHA|USDA|VA) 1 $215,000 $215,000 $2,931 3.75%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $205,000 $205,000 $3,087 3.88%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $205,000 $205,000 $1,990 3.75%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $205,000 $205,000 $5,214 2.50%
    ABILENE, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,432 3.75%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $195,000 $195,000 $6,551 3.38%
    Muskogee, OK (FHA|USDA|VA) 1 $185,000 $185,000 $1,951 2.75%
    Platteville, WI (FHA|USDA|VA) 1 $185,000 $185,000 $2,009 2.99%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $2,799 2.75%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $165,000 $165,000 $2,627 3.38%
    Richmond, IN (FHA|USDA|VA) 1 $165,000 $165,000 $3,281 2.63%
    SHEBOYGAN, WI (FHA|USDA|VA) 1 $155,000 $155,000 $1,866 2.49%
    Paris, TN (FHA|USDA|VA) 1 $145,000 $145,000 $2,548 3.25%
    Oneonta, NY (FHA|USDA|VA) 1 $145,000 $145,000 $3,335 2.75%
    Jasper, AL (FHA|USDA|VA) 1 $145,000 $145,000 $5,525 3.63%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $145,000 $145,000 $5,249 3.63%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $145,000 $145,000 $4,428 3.13%
    Sturgis, MI (FHA|USDA|VA) 1 $125,000 $125,000 $2,165 3.38%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $125,000 $125,000 $2,372 2.13%
    ELMIRA, NY (FHA|USDA|VA) 1 $125,000 $125,000 $2,938 2.63%
    MONROE, LA (FHA|USDA|VA) 1 $115,000 $115,000 $3,838 2.38%
    Lake City, FL (FHA|USDA|VA) 1 $115,000 $115,000 $2,681 2.75%
    Natchez, MS-LA (FHA|USDA|VA) 1 $105,000 $105,000 $2,761 3.75%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.99%
    Escanaba, MI (FHA|USDA|VA) 1 $85,000 $85,000 $2,186 4.63%
    Mortgage Access Corp.'s top markets include New York, Washington, Philadelphia, Allentown, and Houston among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,598 $1,415,210,000 $307,788 $4,736 3.18%
    FHA 414 $114,860,000 $277,440 $10,180 3.35%
    VA 290 $124,050,000 $427,759 $8,630 2.97%
    USDA 9 $1,605,000 $178,333 $6,981 3.54%

    For 2020, Mortgage Access Corp.'s most frequently originated type of loan was Conventional, with 4,598 originations. Their 2nd most popular type was FHA, with 414 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,708 $1,144,950,000 $308,778 $5,900 3.22%
    Refi 1,474 $473,030,000 $320,916 $3,999 3.05%
    Cash Out Refi 129 $37,745,000 $292,597 $6,142 3.66%

    For 2020, Mortgage Access Corp.'s most frequently cited loan purpose was Home Purchase, with 3,708 originations. The 2nd most popular reason was Refi, with 1,474 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,594 $1,462,070,000 $318,256 $5,597 3.24%
    15 Year 477 $126,815,000 $265,860 $3,980 2.71%
    20 Year 162 $46,510,000 $287,099 $3,964 3.09%
    Other 43 $13,835,000 $321,744 $4,336 3.29%
    10 Year 35 $6,495,000 $185,571 $3,259 2.50%

    For 2020, Mortgage Access Corp.'s most frequently cited loan duration was 30 Year, with 4,594 originations. The 2nd most popular length was 15 Year, with 477 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,517 $739,195,000 $293,681
    $<1k 1,406 $454,060,000 $322,945
    $2k-3k 601 $178,875,000 $297,629
    $3k-4k 303 $97,665,000 $322,327
    $5k+ 273 $114,445,000 $419,212
    $4k-5k 201 $70,315,000 $349,826

    Mortgage Access Corp.'s average total fees were $5,597, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,517 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,745 $841,895,000 $306,701
    2.5-3% 2,126 $682,260,000 $320,913
    <2.5% 276 $89,930,000 $325,833
    4-5% 160 $40,720,000 $254,500
    5-6% 4 $920,000 $230,000

    During 2020, Mortgage Access Corp.'s average interest rate for loans was 3.24%, while their most frequently originated rate bucket for loans was 3-4%, with 2,745 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,863 $832,075,000 $290,630 $5,264 3.18%
    $100k-200k 1,050 $165,840,000 $157,943 $4,265 3.23%
    $400k-600k 1,031 $490,525,000 $475,776 $6,387 3.13%
    $600k-1MM 219 $151,655,000 $692,489 $8,600 3.12%
    $100,000 or less 143 $10,105,000 $70,664 $3,255 3.39%
    $1MM+ 5 $5,525,000 $1,105,000 $11,173 2.88%

    2020 saw Mortgage Access Corp. place emphasis on $200k-400k loans with 2,863 originations, totaling $832,075,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,556 $499,990,000 $321,330 $5,585 3.18%
    $150k-250k 1,192 $474,330,000 $397,928 $5,531 3.12%
    $75k-100k 1,007 $267,275,000 $265,417 $5,446 3.24%
    $50k-75k 845 $180,385,000 $213,473 $4,961 3.26%
    $50k or less 397 $85,885,000 $216,335 $4,310 3.18%
    $250k+ 302 $144,220,000 $477,550 $6,047 3.11%

    Mortgage Access Corp. lent most frequently to those with incomes in the $100k-150k range, with 1,556 originations. The second most popular income band? $150k-250k, with 1,192 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,179 $371,745,000 $315,305 $4,850 3.10%
    30-36% 982 $305,350,000 $310,947 $5,296 3.19%
    <20% 376 $111,400,000 $296,277 $4,241 3.03%
    44% 263 $84,165,000 $320,019 $6,049 3.32%
    42% 220 $66,180,000 $300,818 $5,642 3.29%
    41% 214 $67,070,000 $313,411 $5,824 3.29%
    43% 212 $63,640,000 $300,189 $5,584 3.28%
    40% 198 $61,680,000 $311,515 $6,070 3.25%
    39% 189 $56,575,000 $299,339 $5,491 3.25%
    36% 184 $57,200,000 $310,870 $5,279 3.23%
    45% 181 $56,395,000 $311,575 $5,743 3.23%
    38% 180 $51,560,000 $286,444 $5,177 3.23%
    49% 173 $51,875,000 $299,855 $5,925 3.23%
    37% 170 $54,330,000 $319,588 $5,395 3.23%
    48% 146 $44,060,000 $301,781 $5,516 3.25%
    47% 133 $41,045,000 $308,609 $6,017 3.24%
    46% 113 $36,545,000 $323,407 $5,996 3.18%
    50-60% 101 $31,395,000 $310,842 $9,750 3.34%
    >60% 5 $855,000 $171,000 $4,210 3.17%

    Mortgage Access Corp. lent most frequently to those with DTI ratios of 20-30%, with 1,179 originations. The next most common DTI ratio? 30-36%, with 982 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,269 $1,326,945,000 $310,833 $5,273 3.19%
    Black 500 $146,240,000 $292,480 $6,261 3.26%
    Asian 350 $124,130,000 $354,657 $5,718 3.12%
    Not provided 174 $52,650,000 $302,586 $4,604 3.05%
    American Indian 7 $2,125,000 $303,571 $7,605 3.12%
    Native Hawaiian or Islander 6 $1,640,000 $273,333 $4,412 3.08%
    Asian Indian 3 $1,395,000 $465,000 $5,589 3.33%
    Other Asian 1 $305,000 $305,000 $4,594 3.13%
    Other Pacific Islander 1 $295,000 $295,000 $12,060 4.25%

    Approval Rates

    Total approvals of all applications
    95.85%

    Mortgage Access Corp. 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
    76.29%

    Mortgage Access Corp. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,311 $1,655,725,000 $311,754

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 5,311 $1,655,725,000 $311,754

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 140 $27,310,000 $195,071 $3,530 2.88%
    40-60% 540 $143,210,000 $265,204 $4,080 2.99%
    60-80% 1,636 $540,570,000 $330,422 $4,650 3.17%
    80-100% 2,904 $916,520,000 $315,606 $5,918 3.25%
    Over 100% 68 $27,210,000 $400,147 $15,097 3.10%
    Under 20% 23 $905,000 $39,348 $1,022 3.15%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Mortgage Connect LP Conventional home mortgage Trouble during payment process 1 100.0%