Mortgage Equity Partners Rates, Fees & Info
LYNNFIELD, MALEI: 549300GE8KIGZVQV1223
Tax ID: 04-4354554
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Mortgage Data
Review & Overview
Mortgage Equity Partners is a smaller mortgage company specializing in Home Purchase loans. Mortgage Equity Partners 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: Boston, Providence, Baltimore, Orlando, and Washington among others. We have data for 80 markets. (Some data included below & more in-depth data is available with an active subscription.)Mortgage Equity Partners has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Mortgage Equity Partners 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 | 6.71% | 5/11/25 |
| 30 Year Conventional Refi | 6.93% | 5/11/25 |
| 30 Year Cash-out Refi | 7.33% | 5/11/25 |
| 30 Year FHA Purchase | 7.47% | 5/11/25 |
| 30 Year FHA Refi | 7.23% | 5/11/25 |
| 30 Year VA Purchase | 6.75% | 5/11/25 |
| 30 Year VA Refi | 6.18% | 5/11/25 |
| 30 Year USDA Purchase | 6.98% | 5/11/25 |
| 15 Year Conventional Purchase | 3.76% | 5/11/25 |
| 15 Year Conventional Refi | 6.09% | 5/11/25 |
| 15 Year Cash-out Refi | 6.09% | 5/11/25 |
| 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. | ||
Mortgage Equity Partners Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,563Origination Dollar Volume (All Markets)
$559,725,000Relative Rate
Mortgage Equity Partners's average 30 year fixed mortgage rate was
6.49%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.06%.
Relative Fees (Closing Costs)
Mortgage Equity Partners's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,779.
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 |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 322 | $136,610,000 | $424,255 | $10,050 | 6.01% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 211 | $89,095,000 | $422,251 | $9,111 | 6.56% |
| Outside of Metro Areas | 211 | $56,295,000 | $266,801 | $5,926 | 5.80% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 122 | $40,510,000 | $332,049 | $9,916 | 6.77% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 125 | $40,505,000 | $324,040 | $11,054 | 6.39% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 60 | $24,110,000 | $401,833 | $12,946 | 6.78% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 60 | $20,030,000 | $333,833 | $9,105 | 5.46% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 38 | $16,890,000 | $444,474 | $9,519 | 6.75% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 36 | $16,580,000 | $460,556 | $10,850 | 6.39% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 44 | $16,030,000 | $364,318 | $9,396 | 7.01% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 40 | $11,880,000 | $297,000 | $9,797 | 5.87% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 19 | $6,305,000 | $331,842 | $12,110 | 6.56% |
| FLORENCE, SC (FHA|USDA|VA) | 28 | $5,830,000 | $208,214 | $9,247 | 6.30% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 17 | $4,885,000 | $287,353 | $11,447 | 6.29% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 16 | $4,320,000 | $270,000 | $10,384 | 6.31% |
| Concord, NH (FHA|USDA|VA) | 11 | $4,265,000 | $387,727 | $7,817 | 6.82% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 12 | $3,310,000 | $275,833 | $8,744 | 5.53% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 8 | $3,040,000 | $380,000 | $13,825 | 7.08% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 11 | $2,815,000 | $255,909 | $6,757 | 6.01% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 9 | $2,805,000 | $311,667 | $10,649 | 6.90% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 6 | $2,770,000 | $461,667 | $5,982 | 7.00% |
| Lebanon, NH-VT (FHA|USDA|VA) | 9 | $2,695,000 | $299,444 | $6,865 | 7.08% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $2,675,000 | $535,000 | $15,475 | 6.45% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 8 | $2,650,000 | $331,250 | $8,320 | 7.14% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 6 | $2,450,000 | $408,333 | $10,281 | 6.67% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $2,370,000 | $592,500 | $8,856 | 7.47% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 6 | $2,360,000 | $393,333 | $5,938 | 7.35% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 10 | $2,130,000 | $213,000 | $7,060 | 5.57% |
| Keene, NH (FHA|USDA|VA) | 4 | $2,100,000 | $525,000 | $7,017 | 7.56% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 7 | $2,065,000 | $295,000 | $10,994 | 5.68% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 7 | $1,765,000 | $252,143 | $7,894 | 6.68% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 7 | $1,755,000 | $250,714 | $6,910 | 7.25% |
| OCALA, FL (FHA|USDA|VA) | 7 | $1,435,000 | $205,000 | $9,376 | 6.77% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $1,335,000 | $445,000 | $8,727 | 7.29% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $8,873 | 7.58% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $10,436 | 5.47% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $5,794 | 6.71% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 5 | $1,105,000 | $221,000 | $8,473 | 6.75% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $8,744 | 7.56% |
| READING, PA (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $13,413 | 7.29% |
| Laconia, NH (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $6,401 | 6.81% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $985,000 | $985,000 | $17,931 | 7.49% |
| SPARTANBURG, SC (FHA|USDA|VA) | 6 | $970,000 | $161,667 | $5,887 | 5.56% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $4,551 | 7.25% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $7,219 | 6.63% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $9,111 | 5.99% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $13,135 | 7.38% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $8,351 | 6.44% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $24,038 | 5.75% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $11,307 | 6.94% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $6,552 | 7.13% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $5,705 | 6.50% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $4,453 | 7.38% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $12,914 | 6.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $7,891 | 6.94% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,800 | 7.63% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,912 | 6.81% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $23,346 | 7.13% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $12,314 | 6.63% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $10,760 | 6.99% |
| DOVER, DE (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $14,182 | 6.75% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,668 | 7.25% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $5,420 | 3.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,909 | 6.00% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,398 | 7.63% |
| New Castle, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $11,469 | 8.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,485 | 7.13% |
| Berlin, NH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,952 | 6.25% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,022 | 7.13% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,995 | 7.13% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $14,979 | 6.37% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,552 | 7.13% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $11,712 | 6.13% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,383 | 5.99% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $10,690 | 6.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,203 | 6.63% |
| Lake City, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $10,785 | 6.99% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,407 | 6.63% |
| Americus, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,765 | 6.63% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $4,367 | 10.50% |
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Product Mix
For 2024, Mortgage Equity Partners's most frequently originated type of loan was Conventional, with 1,178 originations. Their 2nd most popular type was FHA, with 325 originations.
Loan Reason
For 2024, Mortgage Equity Partners's most frequently cited loan purpose was Home Purchase, with 1,386 originations. The 2nd most popular reason was Cash Out Refi, with 110 originations.
Loan Duration/Length
For 2024, Mortgage Equity Partners's most frequently cited loan duration was 30 Year, with 1,467 originations. The 2nd most popular length was 15 Year, with 49 originations.
Origination Fees/Closing Costs
Mortgage Equity Partners's average total fees were $9,779, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 551 originations.
Interest Rates
During 2024, Mortgage Equity Partners's average interest rate for loans was 6.49%, while their most frequently originated rate bucket for loans was 6-7%, with 842 originations.
Loan Sizing
2024 saw Mortgage Equity Partners place emphasis on $200k-400k loans with 665 originations, totaling $201,475,000 in origination value.
Applicant Income
Mortgage Equity Partners lent most frequently to those with incomes in the $100k-150k range, with 452 originations. The second most popular income band? $150k-250k, with 338 originations.
Applicant Debt to Income Ratio
Mortgage Equity Partners lent most frequently to those with DTI ratios of 30-36%, with 182 originations. The next most common DTI ratio? 50-60%, with 157 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.71%
Mortgage Equity Partners has an average approval rate.
Pick Rate
Approvals leading to origination92.51%
Mortgage Equity Partners has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,563 | $559,725,000 | $358,109 |