Apex Home Loans Mortgage Rates, Fees & Info
POTOMAC, MDLEI: 549300HD6DNX0QP0Z775
Tax ID: 52-2075704
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Apex Home Loans is a small mortgage company specializing in Home Purchase and Refi loans. Apex Home Loans 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 include Washington, Baltimore, Greenville, Philadelphia, and Lynchburg among others. Apex Home Loans has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Apex Home Loans is typically an average fee lendor.Originations
4,752Origination Dollar Volume (All Markets)
$1,623,680,000Awards
APEX HOME LOANS - 2021
APEX HOME LOANS is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Apex Home Loans 's average 30 year fixed rate mortgage of loans were
3.02%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.13%.
Relative Fees
Apex Home Loans 's average total fees for a 30 year fixed rate
mortgage are $5,522.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1,941 | $822,725,000 | $423,867 | $5,349 | 3.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 811 | $278,935,000 | $343,940 | $5,113 | 2.99% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 524 | $133,480,000 | $254,733 | $5,192 | 2.80% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 400 | $119,150,000 | $297,875 | $7,282 | 3.08% |
| LYNCHBURG, VA (FHA|USDA|VA) | 319 | $58,365,000 | $182,962 | $4,346 | 3.07% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 124 | $36,510,000 | $294,435 | $5,055 | 3.09% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 132 | $36,280,000 | $274,848 | $4,720 | 3.13% |
| SPARTANBURG, SC (FHA|USDA|VA) | 117 | $28,205,000 | $241,068 | $5,524 | 2.85% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 49 | $18,275,000 | $372,959 | $8,893 | 2.99% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 24 | $8,040,000 | $335,000 | $7,187 | 3.04% |
| Outside of Metro Areas | 30 | $7,610,000 | $253,667 | $4,474 | 3.11% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 30 | $7,550,000 | $251,667 | $4,480 | 3.08% |
| RICHMOND, VA (FHA|USDA|VA) | 15 | $4,545,000 | $303,000 | $4,803 | 2.98% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 11 | $3,275,000 | $297,727 | $5,475 | 3.12% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 13 | $2,925,000 | $225,000 | $7,733 | 3.36% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 11 | $2,875,000 | $261,364 | $4,941 | 3.18% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $2,610,000 | $435,000 | $6,825 | 2.85% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 6 | $2,530,000 | $421,667 | $5,347 | 2.88% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 11 | $2,505,000 | $227,727 | $6,208 | 3.25% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 8 | $2,400,000 | $300,000 | $5,341 | 2.89% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 9 | $2,385,000 | $265,000 | $6,368 | 2.96% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 8 | $2,340,000 | $292,500 | $3,709 | 2.95% |
| LANCASTER, PA (FHA|USDA|VA) | 9 | $2,305,000 | $256,111 | $6,572 | 3.28% |
| Easton, MD (FHA|USDA|VA) | 6 | $2,180,000 | $363,333 | $3,654 | 2.96% |
| ROANOKE, VA (FHA|USDA|VA) | 8 | $1,900,000 | $237,500 | $3,308 | 2.97% |
| Danville, VA (FHA|USDA|VA) | 13 | $1,865,000 | $143,462 | $4,252 | 2.97% |
| DOVER, DE (FHA|USDA|VA) | 7 | $1,835,000 | $262,143 | $6,335 | 3.18% |
| THE VILLAGES, FL (FHA|USDA|VA) | 6 | $1,740,000 | $290,000 | $4,503 | 2.85% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 7 | $1,645,000 | $235,000 | $4,946 | 3.16% |
| PITTSBURGH, PA (FHA|USDA|VA) | 4 | $1,590,000 | $397,500 | $8,302 | 2.78% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 5 | $1,535,000 | $307,000 | $5,175 | 3.20% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 7 | $1,485,000 | $212,143 | $4,812 | 2.84% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $6,868 | 3.31% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $3,695 | 3.37% |
| Cambridge, MD (FHA|USDA|VA) | 4 | $1,150,000 | $287,500 | $3,839 | 3.15% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $4,654 | 3.00% |
| Seneca, SC (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $4,465 | 3.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $5,167 | 3.37% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $4,094 | 2.81% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $3,210 | 3.50% |
| GETTYSBURG, PA (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $5,957 | 2.75% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $6,141 | 2.94% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $4,041 | 2.93% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $4,186 | 3.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $4,497 | 2.92% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $4,773 | 3.56% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,022 | 2.87% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $10,390 | 3.37% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $4,423 | 3.04% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,501 | 2.88% |
| READING, PA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $10,086 | 3.06% |
| Union, SC (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $8,437 | 2.44% |
| OCALA, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,116 | 3.06% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,289 | 2.75% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,952 | 3.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,157 | 2.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,815 | 3.81% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,683 | 3.56% |
| LEBANON, PA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $6,842 | 2.88% |
| Oil City, PA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,994 | 3.75% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,341 | 3.25% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,748 | 2.88% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,542 | 3.13% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,813 | 2.99% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,932 | 2.25% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,716 | 2.63% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,208 | 3.13% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,518 | 3.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $3,447 | 3.13% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,827 | 2.99% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,081 | 2.63% |
| Lock Haven, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,868 | 3.13% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,729 | 2.75% |
Apex Home Loans 's top markets include Washington, Baltimore, Greenville, Philadelphia, and Lynchburg among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 3,902 | $1,329,450,000 | $340,710 | $4,686 | 3.04% |
| FHA | 465 | $135,025,000 | $290,376 | $9,591 | 2.88% |
| VA | 323 | $145,985,000 | $451,966 | $7,787 | 2.62% |
| USDA | 62 | $13,220,000 | $213,226 | $5,891 | 2.76% |
For the 2021 period, Apex Home Loans 's most frequently originated loan type of loans were Conventional, with 3,902 originations. Their 2nd most popular type is FHA, with 465 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 2,463 | $854,535,000 | $346,949 | $6,233 | 3.02% |
| Refi | 1,672 | $571,360,000 | $341,722 | $4,234 | 2.89% |
| Cash Out Refi | 617 | $197,785,000 | $320,559 | $5,196 | 3.14% |
For the 2021, Apex Home Loans 's most frequently cited loan purpose of loans were Home Purchase, with 2,463 originations. The 2nd most popular reason of loans were Refi, with 1,672 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 4,350 | $1,509,750,000 | $347,069 | $5,522 | 3.02% |
| 15 Year | 274 | $77,250,000 | $281,934 | $4,106 | 2.55% |
| 20 Year | 94 | $28,810,000 | $306,489 | $3,883 | 2.97% |
| Other | 24 | $6,200,000 | $258,333 | $3,629 | 2.96% |
| 10 Year | 10 | $1,670,000 | $167,000 | $3,570 | 2.40% |
For the 2021, Apex Home Loans 's most frequently cited loan length of loans were 30 Year, with 4,350 originations. The 2nd most popular length of loans were 15 Year, with 274 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 3,535 | $1,222,935,000 | $345,950 |
| $2k-3k | 505 | $134,845,000 | $267,020 |
| $3k-4k | 349 | $112,725,000 | $322,994 |
| $5k+ | 243 | $110,765,000 | $455,823 |
| $<1k | 109 | $39,155,000 | $359,220 |
$5,522 of loans were Apex Home Loans 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 3,535 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 2,446 | $840,190,000 | $343,496 |
| 3-4% | 1,760 | $593,440,000 | $337,182 |
| <2.5% | 500 | $180,160,000 | $360,320 |
| 4-5% | 46 | $9,890,000 | $215,000 |
During 2021, Apex Home Loans 's average interest rate of loans were 3.02%, while their most frequently originated rate bucket of loans were 2.5-3%, with 2,446 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 2,326 | $675,620,000 | $290,464 | $5,221 | 2.99% |
| $400k-600k | 1,119 | $543,875,000 | $486,037 | $6,100 | 2.97% |
| $100k-200k | 845 | $134,725,000 | $159,438 | $4,071 | 3.03% |
| $600k-1MM | 348 | $246,920,000 | $709,540 | $7,579 | 2.98% |
| $100,000 or less | 102 | $8,030,000 | $78,725 | $3,345 | 3.22% |
| $1MM+ | 12 | $14,510,000 | $1,209,167 | $19,258 | 2.73% |
2021 saw Apex Home Loans place emphasis on $200k-400k loans with 2,326 originations, totaling $675,620,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 1,145 | $411,625,000 | $359,498 | $5,478 | 3.02% |
| $150k-250k | 940 | $424,100,000 | $451,170 | $5,718 | 3.02% |
| $50k-75k | 883 | $210,785,000 | $238,715 | $4,990 | 2.98% |
| $75k-100k | 869 | $257,455,000 | $296,266 | $5,549 | 3.01% |
| $50k or less | 381 | $63,005,000 | $165,367 | $4,520 | 2.98% |
| $250k+ | 379 | $194,115,000 | $512,177 | $5,886 | 3.02% |
Apex Home Loans lent most frequently to those with incomes in the $100k-150k range, with 1,145 originations. The second most popular income band? $150k-250k, with 940 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1,150 | $402,720,000 | $350,191 | $4,840 | 2.99% |
| 30-36% | 934 | $316,830,000 | $339,218 | $5,455 | 3.00% |
| <20% | 432 | $138,780,000 | $321,250 | $4,120 | 2.95% |
| 38% | 171 | $60,765,000 | $355,351 | $5,463 | 3.02% |
| 40% | 171 | $59,685,000 | $349,035 | $5,260 | 3.07% |
| 42% | 167 | $54,975,000 | $329,192 | $5,630 | 3.08% |
| 39% | 159 | $53,315,000 | $335,314 | $5,645 | 3.00% |
| 36% | 157 | $50,865,000 | $323,981 | $5,571 | 3.09% |
| 37% | 157 | $52,215,000 | $332,580 | $5,356 | 3.04% |
| 50-60% | 155 | $52,745,000 | $340,290 | $9,774 | 2.89% |
| 41% | 153 | $54,125,000 | $353,758 | $5,990 | 3.01% |
| 43% | 149 | $51,795,000 | $347,617 | $6,017 | 3.10% |
| 44% | 144 | $45,330,000 | $314,792 | $5,520 | 3.09% |
| 45% | 137 | $48,465,000 | $353,759 | $5,924 | 3.03% |
| 49% | 105 | $35,505,000 | $338,143 | $6,173 | 3.00% |
| 46% | 102 | $32,000,000 | $313,725 | $5,807 | 3.08% |
| 48% | 96 | $33,500,000 | $348,958 | $5,606 | 2.98% |
| 47% | 78 | $25,050,000 | $321,154 | $5,272 | 2.99% |
Apex Home Loans lent most frequently to those with DTI ratios of 20-30%, with 1,150 originations. The next most common DTI ratio? 30-36%, with 934 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 3,051 | $1,018,955,000 | $333,974 | $5,236 | 2.97% |
| Not provided | 1,118 | $408,580,000 | $365,456 | $5,610 | 3.05% |
| Black | 390 | $126,650,000 | $324,744 | $6,097 | 3.02% |
| Asian | 178 | $64,220,000 | $360,787 | $5,180 | 2.98% |
| American Indian | 11 | $3,845,000 | $349,545 | $6,539 | 2.91% |
| Native Hawaiian | 3 | $1,095,000 | $365,000 | $3,973 | 2.96% |
| Asian Indian | 1 | $335,000 | $335,000 | $3,007 | 2.99% |
Approval Rates
Total approvals of all applications98.20%
Apex Home Loans has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.38%
Apex Home Loans has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,752 | $1,623,680,000 | $341,684 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4,752 | $1,623,680,000 | $341,684 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 159 | $39,945,000 | $251,226 | $3,783 | 2.83% |
| 40-60% | 653 | $208,955,000 | $319,992 | $3,990 | 2.90% |
| 60-80% | 1,695 | $589,945,000 | $348,050 | $4,629 | 3.07% |
| 80-100% | 2,112 | $733,230,000 | $347,173 | $6,168 | 2.99% |
| Over 100% | 80 | $39,050,000 | $488,125 | $15,445 | 2.72% |
| Under 20% | 21 | $2,545,000 | $121,190 | $2,658 | 3.02% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Apex Mortgage LLC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| Apex Mortgage LLC | VA mortgage | Closing on a mortgage | 1 | 50.0% |
