Multiples Mortgage Corporation Rates, Fees & Info

SAN JUAN,

LEI: 549300GDJIT5E0RD3B88

Tax ID: 66-0674421

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Mortgage Data

Review & Overview

Multiples Mortgage Corporation is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Multiples Mortgage Corporation has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: San Juan, Ponce, Yauco, Aguadilla, and Arecibo among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Multiples Mortgage Corporation 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. Multiples Mortgage Corporation 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 relatively high 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 6.59% 10/13/24
30 Year Conventional Refi 5.96% 10/13/24
30 Year Cash-out Refi 6.74% 10/13/24
30 Year FHA Purchase 7.94% 10/13/24
30 Year FHA Refi 6.27% 10/13/24
30 Year VA Purchase 7.08% 10/13/24
30 Year USDA Purchase 7.33% 10/13/24
15 Year Conventional Purchase 7.97% 10/13/24
15 Year Conventional Refi 6.73% 10/13/24
15 Year Cash-out Refi 6.73% 10/13/24
15 Year FHA Purchase 7.85% 10/13/24
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.

Multiples Mortgage Corporation Mortgage Calculator






Your Estimates

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

This is not an official calculator from Multiples Mortgage Corporation. 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

60

Origination Dollar Volume (All Markets)

$6,500,000

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
SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) 55 $6,105,000 $111,000 $7,563 5.55%
PONCE, PR (FHA|USDA|VA) 1 $105,000 $105,000 $7,233 4.50%
YAUCO, PR (FHA|USDA|VA) 1 $95,000 $95,000 $4,224 5.00%
AGUADILLA-ISABELA, PR (FHA|USDA|VA) 1 $65,000 $65,000 $4,225 3.50%
Arecibo, PR (FHA|USDA|VA) 1 $65,000 $65,000 $4,873 4.00%
GUAYAMA, PR (FHA|USDA|VA) 1 $65,000 $65,000 $5,647 5.25%
Multiples Mortgage Corporation's top markets include San Juan, Ponce, Yauco, Aguadilla, and Arecibo among others.

Their top states include:
  • Puerto Rico (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Similar Lenders

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

    BANCO SANTANDER PUERTO RICO
    Similarity Rank: 184
    Cooperativa A/C Oriental
    Similarity Rank: 204
    Oriental Bank
    Similarity Rank: 300
    Banco Popular de Puerto Rico
    Similarity Rank: 325

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 38 $3,940,000 $103,684 $8,047 6.05%
    FHA 18 $2,020,000 $112,222 $6,280 4.35%
    USDA 3 $385,000 $128,333 $7,339 4.83%
    VA 1 $155,000 $155,000 $5,674 5.00%

    For 2019, Multiples Mortgage Corporation's most frequently originated type of loan was Conventional, with 38 originations. Their 2nd most popular type was FHA, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 45 $5,005,000 $111,222 $7,513 5.31%
    Cash Out Refi 13 $1,355,000 $104,231 $6,802 6.17%
    Refi 2 $140,000 $70,000 $5,469 4.25%

    For 2019, Multiples Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 47 $5,465,000 $116,277 $7,656 5.36%
    15 Year 10 $790,000 $79,000 $5,339 5.75%
    10 Year 1 $95,000 $95,000 $0 7.50%
    20 Year 1 $75,000 $75,000 $6,158 6.00%
    5 Year 1 $75,000 $75,000 $6,713 5.00%

    For 2019, Multiples Mortgage Corporation's most frequently cited loan duration was 30 Year, with 47 originations. The 2nd most popular length was 15 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 20 $2,870,000 $143,500
    $1k-2k 9 $695,000 $77,222
    $2k-3k 9 $1,065,000 $118,333
    $3k-4k 9 $805,000 $89,444
    $4k-5k 9 $775,000 $86,111
    $<1k 2 $160,000 $80,000

    Multiples Mortgage Corporation's average total fees were $7,656, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 20 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 20 $2,030,000 $101,500
    4-5% 18 $1,980,000 $110,000
    6-7% 12 $1,450,000 $120,833
    3-4% 7 $825,000 $117,857
    7-8% 3 $215,000 $71,667

    During 2019, Multiples Mortgage Corporation's average interest rate for loans was 5.36%, while their most frequently originated rate bucket for loans was 5-6%, with 20 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 32 $2,290,000 $71,563 $5,407 5.57%
    $100k-200k 24 $3,290,000 $137,083 $8,559 5.38%
    $200k-400k 4 $920,000 $230,000 $15,019 5.13%

    2019 saw Multiples Mortgage Corporation place emphasis on $100,000 or less loans with 32 originations, totaling $2,290,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 32 $2,690,000 $84,063 $5,728 5.21%
    $50k-75k 9 $1,035,000 $115,000 $6,933 5.36%
    $100k-150k 8 $920,000 $115,000 $8,685 6.21%
    $75k-100k 4 $710,000 $177,500 $12,377 5.19%
    $150k-250k 3 $485,000 $161,667 $12,317 5.32%
    $250k+ 3 $495,000 $165,000 $12,195 6.50%

    Multiples Mortgage Corporation lent most frequently to those with incomes in the $50k or less range, with 32 originations. The second most popular income band? $50k-75k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 14 $1,520,000 $108,571 $6,976 5.69%
    20-30% 13 $1,315,000 $101,154 $6,259 5.67%
    45% 5 $525,000 $105,000 $6,645 4.80%
    50-60% 4 $300,000 $75,000 $5,498 4.63%
    <20% 4 $280,000 $70,000 $5,619 5.00%
    38% 3 $265,000 $88,333 $6,138 5.67%
    40% 3 $365,000 $121,667 $8,817 4.83%
    49% 3 $425,000 $141,667 $9,572 5.48%
    >60% 2 $280,000 $140,000 $0 7.00%
    37% 2 $200,000 $100,000 $8,029 5.23%
    43% 2 $390,000 $195,000 $14,226 5.75%
    44% 1 $215,000 $215,000 $18,237 6.50%
    47% 1 $65,000 $65,000 $4,873 4.00%
    42% 1 $165,000 $165,000 $14,540 6.25%
    41% 1 $115,000 $115,000 $3,320 5.25%
    36% 1 $75,000 $75,000 $5,995 6.00%

    Multiples Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 14 originations. The next most common DTI ratio? 20-30%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 50 $5,490,000 $109,800 $7,541 5.48%
    Black 8 $780,000 $97,500 $6,425 5.34%
    Not applicable 1 $165,000 $165,000 $0 7.00%
    American Indian 1 $65,000 $65,000 $4,873 4.00%

    Approval Rates

    Total approvals of all applications
    77.88%

    Multiples Mortgage Corporation has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    68.33%

    Multiples Mortgage Corporation has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 60 $6,500,000 $108,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 60 $6,500,000 $108,333

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $75,000 $75,000 $6,713 5.00%
    40-60% 7 $605,000 $86,429 $7,324 6.18%
    60-80% 20 $2,070,000 $103,500 $7,922 5.84%
    80-100% 32 $3,750,000 $117,188 $7,055 5.08%