Apex Home Loans Mortgage Rates, Fees & Info
POTOMAC, MDLEI: 549300HD6DNX0QP0Z775
Tax ID: 52-2075704
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Mortgage Data
Review & 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 by origination volume include: Washington, Baltimore, Greenville, Philadelphia, and Lynchburg among others. We have data for 73 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.76% | 11/22/24 |
| 30 Year Conventional Refi | 6.56% | 11/22/24 |
| 30 Year Cash-out Refi | 6.79% | 11/22/24 |
| 30 Year FHA Purchase | 7.45% | 11/22/24 |
| 30 Year FHA Refi | 7.06% | 11/22/24 |
| 30 Year VA Purchase | 6.32% | 11/22/24 |
| 30 Year VA Refi | 6.42% | 11/22/24 |
| 30 Year USDA Purchase | 6.78% | 11/22/24 |
| 15 Year Conventional Purchase | 6.12% | 11/22/24 |
| 15 Year Conventional Refi | 6.22% | 11/22/24 |
| 15 Year Cash-out Refi | 6.22% | 11/22/24 |
| 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. | ||
Apex Home Loans Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
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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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) | 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% |
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Product Mix
For 2021, Apex Home Loans's most frequently originated type of loan was Conventional, with 3,902 originations. Their 2nd most popular type was FHA, with 465 originations.
Loan Reason
For 2021, Apex Home Loans's most frequently cited loan purpose was Home Purchase, with 2,463 originations. The 2nd most popular reason was Refi, with 1,672 originations.
Loan Duration/Length
For 2021, Apex Home Loans's most frequently cited loan duration was 30 Year, with 4,350 originations. The 2nd most popular length was 15 Year, with 274 originations.
Origination Fees/Closing Costs
Apex Home Loans's average total fees were $5,522, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.02%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,446 originations.
Loan Sizing
2021 saw Apex Home Loans place emphasis on $200k-400k loans with 2,326 originations, totaling $675,620,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications98.46%
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 origination88.13%
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
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% |