Apex Home Loans Mortgage Rates, Fees & Info

POTOMAC, MD

LEI: 549300HD6DNX0QP0Z775

Tax ID: 52-2075704

4.6 stars - out of 5 stars, based on 69 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

4,752

Origination Dollar Volume (All Markets)

$1,623,680,000
Show all (8) awards

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 applications
98.20%

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 origination
86.38%

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%