Apex Home Loans Mortgage Rates, Fees & Info

POTOMAC, MD

LEI: 549300HD6DNX0QP0Z775

Tax ID: 52-2075704

5 stars - out of 5 stars, based on 32 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Apex Home Loans is a smaller mortgage company specializing in 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 by origination volume include: Washington, Greenville, Baltimore, Philadelphia, and Spartanburg among others. We have data for 45 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Apex Home Loans 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. Apex Home Loans 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 6.76% 3/27/23
    30 Year Conventional Refi 6.56% 3/27/23
    30 Year Cash-out Refi 6.79% 3/27/23
    30 Year FHA Purchase 7.45% 3/27/23
    30 Year FHA Refi 7.06% 3/27/23
    30 Year VA Purchase 6.32% 3/27/23
    30 Year VA Refi 6.42% 3/27/23
    30 Year USDA Purchase 6.78% 3/27/23
    15 Year Conventional Purchase 6.12% 3/27/23
    15 Year Conventional Refi 6.22% 3/27/23
    15 Year Cash-out Refi 6.22% 3/27/23
    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.


    Originations

    1,037

    Origination Dollar Volume (All Markets)

    $375,615,000
    Show all (8) awards

    Relative Rate

    Apex Home Loans's average 30 year fixed mortgage rate was 4.38%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.38%.

    Relative Fees (Closing Costs)

    Apex Home Loans's average total fees/closing costs for a 30 year fixed rate mortgage were $7,316.

    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 $4,750.

    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
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 337 $161,935,000 $480,519 $7,081 4.42%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 178 $52,320,000 $293,933 $6,723 4.18%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 137 $50,305,000 $367,190 $7,092 4.41%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 135 $42,085,000 $311,741 $8,262 4.46%
    SPARTANBURG, SC (FHA|USDA|VA) 59 $14,285,000 $242,119 $7,151 3.87%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 32 $9,640,000 $301,250 $5,674 4.55%
    LYNCHBURG, VA (FHA|USDA|VA) 42 $9,140,000 $217,619 $6,151 4.32%
    SALISBURY, MD-DE (FHA|USDA|VA) 22 $7,080,000 $321,818 $5,896 3.93%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 14 $5,510,000 $393,571 $14,839 3.97%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 9 $2,645,000 $293,889 $7,365 4.50%
    WINCHESTER, VA-WV (FHA|USDA|VA) 6 $2,570,000 $428,333 $4,313 4.50%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 5 $1,735,000 $347,000 $13,847 4.75%
    OCEAN CITY, NJ (FHA|USDA|VA) 5 $1,535,000 $307,000 $8,198 4.58%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 5 $1,225,000 $245,000 $7,901 4.15%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $955,000 $318,333 $4,294 4.50%
    Outside of Metro Areas 5 $905,000 $181,000 $7,740 5.02%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $825,000 $275,000 $11,247 5.29%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $780,000 $390,000 $5,637 4.00%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $765,000 $255,000 $6,307 3.46%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $725,000 $241,667 $3,906 4.33%
    Seneca, SC (FHA|USDA|VA) 2 $610,000 $305,000 $5,729 4.69%
    RICHMOND, VA (FHA|USDA|VA) 2 $580,000 $290,000 $5,330 4.00%
    Easton, MD (FHA|USDA|VA) 1 $535,000 $535,000 $4,687 4.63%
    DOVER, DE (FHA|USDA|VA) 2 $520,000 $260,000 $7,902 4.31%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $515,000 $515,000 $6,325 4.50%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $435,000 $435,000 $9,565 4.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $405,000 $405,000 $5,389 3.99%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $405,000 $405,000 $4,956 3.13%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $395,000 $395,000 $13,468 4.75%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $390,000 $195,000 $5,381 4.44%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $385,000 $385,000 $14,014 4.38%
    READING, PA (FHA|USDA|VA) 2 $370,000 $185,000 $5,287 5.18%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $305,000 $305,000 $5,139 3.88%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $305,000 $305,000 $5,160 3.38%
    Danville, VA (FHA|USDA|VA) 2 $300,000 $150,000 $5,298 4.75%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $285,000 $285,000 $5,972 3.88%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $285,000 $285,000 $9,753 3.50%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $270,000 $135,000 $8,181 4.56%
    ROANOKE, VA (FHA|USDA|VA) 1 $255,000 $255,000 $4,740 4.38%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $245,000 $245,000 $3,344 3.25%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $245,000 $245,000 $7,551 4.63%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $235,000 $235,000 $5,599 3.88%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,309 3.25%
    HARRISONBURG, VA (FHA|USDA|VA) 1 $115,000 $115,000 $2,332 3.38%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $95,000 $95,000 $6,872 3.25%
    Apex Home Loans's top markets include Washington, Greenville, Baltimore, Philadelphia, and Spartanburg among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Similar Lenders

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

    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 167
    CENTRAL VIRGINIA
    Similarity Rank: 222
    PATRIOT
    Similarity Rank: 266
    N C P D Federal Credit Union
    Similarity Rank: 306
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 326
    Louviers Federal Credit Union
    Similarity Rank: 328
    Schuyler Savings Bank
    Similarity Rank: 352
    DRAGAS MORTGAGE COMPANY
    Similarity Rank: 361

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 818 $297,360,000 $363,521 $6,081 4.38%
    FHA 148 $45,340,000 $306,351 $11,496 4.26%
    VA 59 $30,075,000 $509,746 $11,381 4.02%
    USDA 12 $2,840,000 $236,667 $7,330 3.67%

    For 2022, Apex Home Loans's most frequently originated type of loan was Conventional, with 818 originations. Their 2nd most popular type was FHA, with 148 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 820 $305,780,000 $372,902 $7,584 4.47%
    Cash Out Refi 117 $36,525,000 $312,179 $6,042 3.95%
    Refi 100 $33,310,000 $333,100 $5,140 3.66%

    For 2022, Apex Home Loans's most frequently cited loan purpose was Home Purchase, with 820 originations. The 2nd most popular reason was Cash Out Refi, with 117 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 982 $359,840,000 $366,436 $7,316 4.38%
    15 Year 45 $13,225,000 $293,889 $4,777 3.40%
    20 Year 9 $2,445,000 $271,667 $4,420 3.35%
    10 Year 1 $105,000 $105,000 $2,725 3.25%

    For 2022, Apex Home Loans's most frequently cited loan duration was 30 Year, with 982 originations. The 2nd most popular length was 15 Year, with 45 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 500 $194,210,000 $388,420
    $5k+ 161 $73,345,000 $455,559
    $2k-3k 151 $38,525,000 $255,132
    $3k-4k 128 $37,610,000 $293,828
    $4k-5k 73 $23,635,000 $323,767
    $<1k 20 $7,370,000 $368,500

    Apex Home Loans's average total fees were $7,316, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 500 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 434 $155,290,000 $357,811
    5-6% 258 $96,420,000 $373,721
    4-5% 256 $93,900,000 $366,797
    2.5-3% 55 $15,735,000 $286,091
    6-7% 30 $11,500,000 $383,333
    <2.5% 4 $2,770,000 $692,500

    During 2022, Apex Home Loans's average interest rate for loans was 4.38%, while their most frequently originated rate bucket for loans was 3-4%, with 434 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 535 $157,275,000 $293,972 $6,920 4.32%
    $400k-600k 229 $111,895,000 $488,624 $7,833 4.45%
    $100k-200k 148 $23,920,000 $161,622 $5,038 4.14%
    $600k-1MM 99 $71,935,000 $726,616 $9,085 4.50%
    $100,000 or less 19 $1,495,000 $78,684 $4,233 4.26%
    $1MM+ 7 $9,095,000 $1,299,286 $30,467 3.37%

    2022 saw Apex Home Loans place emphasis on $200k-400k loans with 535 originations, totaling $157,275,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 264 $96,160,000 $364,242 $6,917 4.37%
    $150k-250k 215 $106,215,000 $494,023 $7,504 4.52%
    $50k-75k 202 $49,140,000 $243,267 $6,198 4.19%
    $75k-100k 192 $59,300,000 $308,854 $7,914 4.34%
    $250k+ 82 $48,680,000 $593,659 $9,039 4.26%
    $50k or less 74 $12,840,000 $173,514 $5,966 4.10%

    Apex Home Loans lent most frequently to those with incomes in the $100k-150k range, with 264 originations. The second most popular income band? $150k-250k, with 215 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 203 $71,305,000 $351,256 $6,818 4.29%
    20-30% 194 $70,070,000 $361,186 $6,239 4.35%
    <20% 64 $19,520,000 $305,000 $5,102 3.95%
    50-60% 52 $18,470,000 $355,192 $11,282 4.28%
    44% 52 $16,010,000 $307,885 $6,766 4.35%
    42% 50 $17,020,000 $340,400 $6,944 4.29%
    38% 41 $16,355,000 $398,902 $9,446 4.49%
    37% 41 $16,175,000 $394,512 $7,144 4.37%
    43% 40 $16,620,000 $415,500 $8,883 4.37%
    39% 40 $16,770,000 $419,250 $6,584 4.29%
    40% 40 $13,250,000 $331,250 $6,909 4.44%
    41% 34 $12,250,000 $360,294 $5,229 4.54%
    36% 34 $13,650,000 $401,471 $8,376 4.23%
    45% 33 $12,325,000 $373,485 $6,365 4.37%
    47% 31 $11,865,000 $382,742 $8,534 4.31%
    46% 31 $10,635,000 $343,065 $7,869 4.71%
    49% 28 $11,030,000 $393,929 $8,216 4.41%
    48% 26 $11,010,000 $423,462 $8,437 4.52%
    >60% 1 $465,000 $465,000 $10,350 5.25%

    Apex Home Loans lent most frequently to those with DTI ratios of 30-36%, with 203 originations. The next most common DTI ratio? 20-30%, with 194 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 707 $251,475,000 $355,693 $6,903 4.33%
    Not provided 150 $58,980,000 $393,200 $7,431 4.32%
    Black 125 $43,865,000 $350,920 $8,423 4.31%
    Asian 46 $18,540,000 $403,043 $6,981 4.43%
    American Indian 9 $2,755,000 $306,111 $8,464 4.40%

    Approval Rates

    Total approvals of all applications
    97.61%

    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 origination
    83.12%

    Apex Home Loans has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,037 $375,615,000 $362,213

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,037 $375,615,000 $362,213

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $6,265,000 $232,037 $4,523 4.00%
    40-60% 107 $34,315,000 $320,701 $5,437 4.12%
    60-80% 274 $97,590,000 $356,168 $6,152 4.25%
    80-100% 606 $227,360,000 $375,182 $7,790 4.44%
    Over 100% 15 $8,405,000 $560,333 $19,622 4.01%
    Under 20% 6 $860,000 $143,333 $3,521 3.81%