The Mortgage Link Rates, Fees & Info

ROCKVILLE, MD

LEI: 549300IJO7NO6VDZPD35

Tax ID: 52-2350821

1 stars - Updated: 3/3/24 - out of 5 stars, based on 27 reviews

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

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Mortgage Data

Review & Overview

The Mortgage Link is a smaller mortgage company specializing in Home Purchase loans. The Mortgage Link 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, Dallas, Baltimore, Hagerstown, and Laredo among others. We have data for 54 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Mortgage Link has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. The Mortgage Link is typically a high 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 relatively high 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 6.77% 3/3/24
30 Year Conventional Refi 6.62% 3/3/24
30 Year Cash-out Refi 6.76% 3/3/24
30 Year FHA Purchase 7.35% 3/3/24
30 Year FHA Refi 6.81% 3/3/24
30 Year VA Purchase 6.24% 3/3/24
30 Year VA Refi 6.05% 3/3/24
30 Year USDA Purchase 6.98% 3/3/24
15 Year Conventional Purchase 6.05% 3/3/24
15 Year Conventional Refi 6.37% 3/3/24
15 Year Cash-out Refi 6.37% 3/3/24
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.

The Mortgage Link Mortgage Calculator






Your Estimates

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

This is not an official calculator from The Mortgage Link. 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

712

Origination Dollar Volume (All Markets)

$263,820,000

Awards

THE MORTGAGE LINK FHA Loans bronze
Show all (1) awards

Relative Rate

The Mortgage Link's average 30 year fixed mortgage rate was 5.2%.

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

This yields a difference of 0.44%.

Relative Fees (Closing Costs)

The Mortgage Link's average total fees/closing costs for a 30 year fixed rate mortgage were $9,430.

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) 290 $120,640,000 $416,000 $8,930 4.72%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 170 $65,320,000 $384,235 $10,992 5.65%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 68 $22,190,000 $326,324 $8,236 5.32%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 21 $5,925,000 $282,143 $9,032 5.34%
LAREDO, TX (FHA|USDA|VA) 25 $5,905,000 $236,200 $10,741 5.85%
SALISBURY, MD-DE (FHA|USDA|VA) 20 $5,810,000 $290,500 $7,731 5.17%
Outside of Metro Areas 16 $4,030,000 $251,875 $6,718 5.23%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $2,430,000 $607,500 $9,569 5.38%
AMARILLO, TX (FHA|USDA|VA) 7 $2,025,000 $289,286 $10,171 6.63%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 8 $1,950,000 $243,750 $6,130 5.34%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $1,845,000 $615,000 $16,821 4.96%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 4 $1,830,000 $457,500 $8,048 4.34%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $1,720,000 $430,000 $9,868 5.63%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 5 $1,595,000 $319,000 $10,338 5.90%
SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $1,275,000 $425,000 $19,752 6.25%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $1,175,000 $391,667 $9,895 4.58%
RICHMOND, VA (FHA|USDA|VA) 3 $1,145,000 $381,667 $14,175 4.29%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,090,000 $272,500 $5,313 5.16%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $1,065,000 $355,000 $8,821 4.91%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 4 $1,030,000 $257,500 $4,267 3.50%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $1,010,000 $505,000 $7,502 3.68%
YORK-HANOVER, PA (FHA|USDA|VA) 3 $895,000 $298,333 $7,500 6.17%
Easton, MD (FHA|USDA|VA) 1 $845,000 $845,000 $4,773 3.13%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $830,000 $415,000 $10,580 6.38%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 3 $815,000 $271,667 $8,970 4.54%
Cambridge, MD (FHA|USDA|VA) 2 $790,000 $395,000 $8,749 4.00%
Athens, TX (FHA|USDA|VA) 3 $765,000 $255,000 $6,978 5.29%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $755,000 $251,667 $7,711 5.58%
PITTSBURGH, PA (FHA|USDA|VA) 2 $680,000 $340,000 $10,105 5.88%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $615,000 $615,000 $10,634 5.50%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $555,000 $555,000 $5,977 6.13%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $365,000 $365,000 $8,485 5.88%
WACO, TX (FHA|USDA|VA) 1 $345,000 $345,000 $14,414 3.88%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $285,000 $285,000 $8,927 5.13%
ROANOKE, VA (FHA|USDA|VA) 2 $270,000 $135,000 $6,340 5.56%
LUBBOCK, TX (FHA|USDA|VA) 1 $265,000 $265,000 $14,858 5.75%
CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $255,000 $255,000 $9,597 5.99%
Meadville, PA (FHA|USDA|VA) 1 $255,000 $255,000 $10,515 4.63%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $255,000 $255,000 $6,911 4.88%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $245,000 $245,000 $4,404 6.63%
ASHEVILLE, NC (FHA|USDA|VA) 1 $235,000 $235,000 $4,143 3.88%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $235,000 $235,000 $5,325 4.25%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $235,000 $235,000 $14,727 6.25%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $225,000 $225,000 $4,154 5.99%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $215,000 $215,000 $4,453 7.00%
Bonham, TX (FHA|USDA|VA) 1 $215,000 $215,000 $7,063 7.13%
SAN ANGELO, TX (FHA|USDA|VA) 1 $205,000 $205,000 $5,890 6.13%
CLEVELAND, TN (FHA|USDA|VA) 1 $195,000 $195,000 $10,899 6.49%
HARRISONBURG, VA (FHA|USDA|VA) 1 $195,000 $195,000 $3,603 7.13%
LYNCHBURG, VA (FHA|USDA|VA) 1 $185,000 $185,000 $4,073 4.38%
GETTYSBURG, PA (FHA|USDA|VA) 1 $185,000 $185,000 $9,534 6.25%
Zapata, TX (FHA|USDA|VA) 1 $155,000 $155,000 $9,040 5.50%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $155,000 $155,000 $9,036 7.13%
LANCASTER, PA (FHA|USDA|VA) 1 $95,000 $95,000 $3,176 2.88%
The Mortgage Link's top markets include Washington, Dallas, Baltimore, Hagerstown, and Laredo among others.

Their top states include:
  • Maryland (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 466 $174,200,000 $373,820 $7,466 5.20%
    FHA 164 $53,700,000 $327,439 $12,728 5.29%
    VA 78 $34,660,000 $444,359 $12,848 4.74%
    USDA 4 $1,260,000 $315,000 $8,910 4.87%

    For 2022, The Mortgage Link's most frequently originated type of loan was Conventional, with 466 originations. Their 2nd most popular type was FHA, with 164 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 583 $221,675,000 $380,232 $9,737 5.30%
    Cash Out Refi 89 $27,955,000 $314,101 $7,552 4.68%
    Refi 35 $11,435,000 $326,714 $5,910 4.24%
    Home Improvement 5 $2,755,000 $551,000 $16,820 4.73%

    For 2022, The Mortgage Link's most frequently cited loan purpose was Home Purchase, with 583 originations. The 2nd most popular reason was Cash Out Refi, with 89 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 691 $258,895,000 $374,667 $9,430 5.20%
    15 Year 17 $3,875,000 $227,941 $5,942 4.28%
    20 Year 3 $895,000 $298,333 $5,420 3.04%
    Other 1 $155,000 $155,000 $4,855 6.13%

    For 2022, The Mortgage Link's most frequently cited loan duration was 30 Year, with 691 originations. The 2nd most popular length was 15 Year, with 17 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 306 $119,860,000 $391,699
    $5k+ 203 $85,165,000 $419,532
    $3k-4k 68 $18,210,000 $267,794
    $2k-3k 62 $18,770,000 $302,742
    $4k-5k 60 $17,590,000 $293,167
    $<1k 3 $715,000 $238,333

    The Mortgage Link's average total fees were $9,430, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 306 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 241 $86,495,000 $358,900
    4-5% 141 $53,045,000 $376,206
    3-4% 134 $58,390,000 $435,746
    6-7% 125 $41,535,000 $332,280
    7-8% 44 $12,690,000 $288,409
    2.5-3% 23 $9,725,000 $422,826
    <2.5% 4 $1,940,000 $485,000

    During 2022, The Mortgage Link's average interest rate for loans was 5.20%, while their most frequently originated rate bucket for loans was 5-6%, with 241 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 383 $113,875,000 $297,324 $8,741 5.26%
    $400k-600k 174 $83,790,000 $481,552 $10,665 5.05%
    $100k-200k 86 $14,260,000 $165,814 $6,366 5.57%
    $600k-1MM 51 $36,335,000 $712,451 $12,663 4.54%
    $1MM+ 11 $15,005,000 $1,364,091 $19,256 4.14%
    $100,000 or less 7 $555,000 $79,286 $4,565 4.19%

    2022 saw The Mortgage Link place emphasis on $200k-400k loans with 383 originations, totaling $113,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 182 $68,470,000 $376,209 $10,289 5.24%
    $75k-100k 172 $54,330,000 $315,872 $8,956 5.14%
    $150k-250k 146 $66,550,000 $455,822 $9,649 5.26%
    $50k-75k 114 $29,000,000 $254,386 $8,228 5.13%
    $250k+ 64 $39,320,000 $614,375 $10,762 5.04%
    $50k or less 34 $6,150,000 $180,882 $5,691 4.88%

    The Mortgage Link lent most frequently to those with incomes in the $100k-150k range, with 182 originations. The second most popular income band? $75k-100k, with 172 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 112 $42,180,000 $376,607 $9,140 5.14%
    20-30% 88 $34,600,000 $393,182 $7,445 4.97%
    50-60% 68 $24,380,000 $358,529 $13,096 5.14%
    44% 45 $15,495,000 $344,333 $8,081 5.23%
    42% 38 $13,940,000 $366,842 $8,686 5.18%
    39% 38 $14,900,000 $392,105 $9,369 5.19%
    49% 34 $12,340,000 $362,941 $10,692 5.35%
    40% 29 $9,215,000 $317,759 $9,778 5.51%
    41% 29 $11,415,000 $393,621 $9,903 5.50%
    38% 29 $11,085,000 $382,241 $8,002 4.84%
    45% 28 $10,130,000 $361,786 $9,637 5.31%
    48% 27 $9,115,000 $337,593 $8,233 5.34%
    46% 27 $9,185,000 $340,185 $9,964 5.31%
    <20% 26 $9,010,000 $346,538 $6,687 4.73%
    47% 23 $7,315,000 $318,043 $9,631 5.15%
    37% 23 $8,765,000 $381,087 $8,956 5.01%
    43% 22 $7,240,000 $329,091 $9,832 5.45%
    36% 19 $8,975,000 $472,368 $9,710 5.04%
    >60% 6 $4,280,000 $713,333 $13,109 5.75%

    The Mortgage Link lent most frequently to those with DTI ratios of 30-36%, with 112 originations. The next most common DTI ratio? 20-30%, with 88 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 533 $197,085,000 $369,765 $9,149 5.14%
    Black 127 $45,885,000 $361,299 $10,216 5.30%
    Asian 40 $16,640,000 $416,000 $8,304 5.04%
    Not provided 7 $2,185,000 $312,143 $9,849 4.96%
    Asian Indian 2 $1,040,000 $520,000 $11,668 5.69%
    Native Hawaiian or Islander 2 $700,000 $350,000 $13,124 6.19%
    American Indian 1 $285,000 $285,000 $14,204 6.63%

    Approval Rates

    Total approvals of all applications
    100.00%

    The Mortgage Link 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
    99.86%

    The Mortgage Link has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 712 $263,820,000 $370,534

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    712 $263,820,000 $370,534

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 21 $4,715,000 $224,524 $5,541 5.00%
    40-60% 54 $15,680,000 $290,370 $6,080 4.83%
    60-80% 176 $68,250,000 $387,784 $8,513 5.14%
    80-100% 436 $164,530,000 $377,362 $9,705 5.27%
    Over 100% 23 $10,435,000 $453,696 $19,154 4.52%
    Under 20% 1 $35,000 $35,000 $0 0.00%