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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.59% | 11/21/24 |
| 30 Year Conventional Refi | 5.96% | 11/21/24 |
| 30 Year Cash-out Refi | 6.74% | 11/21/24 |
| 30 Year FHA Purchase | 7.94% | 11/21/24 |
| 30 Year FHA Refi | 6.27% | 11/21/24 |
| 30 Year VA Purchase | 7.08% | 11/21/24 |
| 30 Year USDA Purchase | 7.33% | 11/21/24 |
| 15 Year Conventional Purchase | 7.97% | 11/21/24 |
| 15 Year Conventional Refi | 6.73% | 11/21/24 |
| 15 Year Cash-out Refi | 6.73% | 11/21/24 |
| 15 Year FHA Purchase | 7.85% | 11/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
60Origination Dollar Volume (All Markets)
$6,500,000Top 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% |
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.
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Product Mix
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications77.88%
Multiples Mortgage Corporation has a below average approval rate.
Pick Rate
Approvals leading to origination68.33%
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 |