Apex Home Loans Mortgage Rates, Fees & Info

POTOMAC, MD

LEI: 549300HD6DNX0QP0Z775

Tax ID: 52-2075704

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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.

    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% 4/21/24
    30 Year Conventional Refi 6.56% 4/21/24
    30 Year Cash-out Refi 6.79% 4/21/24
    30 Year FHA Purchase 7.45% 4/21/24
    30 Year FHA Refi 7.06% 4/21/24
    30 Year VA Purchase 6.32% 4/21/24
    30 Year VA Refi 6.42% 4/21/24
    30 Year USDA Purchase 6.78% 4/21/24
    15 Year Conventional Purchase 6.12% 4/21/24
    15 Year Conventional Refi 6.22% 4/21/24
    15 Year Cash-out Refi 6.22% 4/21/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Apex Home Loans. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    4,752

    Origination Dollar Volume (All Markets)

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

    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%
    Apex Home Loans's top markets include Washington, Baltimore, Greenville, Philadelphia, and Lynchburg among others.

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

    N C P D Federal Credit Union
    Similarity Rank: 102
    CENTRAL VIRGINIA
    Similarity Rank: 111
    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 167
    PATRIOT
    Similarity Rank: 228
    S. C. STATE FEDERAL CREDIT UNION
    Similarity Rank: 323
    FREEDOM FIRST
    Similarity Rank: 350
    Schuyler Savings Bank
    Similarity Rank: 352
    Louviers Federal Credit Union
    Similarity Rank: 410
    HENRICO Federal Credit Union
    Similarity Rank: 420
    Greenville Heritage Federal Credit Union
    Similarity Rank: 435

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 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

    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 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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3,535 $1,222,935,000 $345,950
    $2k-3k 505 $134,845,000 $267,020
    $5k+ 243 $110,765,000 $455,823
    $3k-4k 216 $64,690,000 $299,491
    $4k-5k 133 $48,035,000 $361,165
    $<1k 109 $39,155,000 $359,220

    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

    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 or Islander 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
    98.46%

    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 origination
    88.13%

    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

    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%