The Mortgage Link Rates, Fees & Info
ROCKVILLE, MDLEI: 549300IJO7NO6VDZPD35
Tax ID: 52-2350821
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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 a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Dallas, Detroit, Tulsa, Washington, and Chicago among others. We have data for 128 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 a below 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 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 | 7.24% | 4/5/25 |
| 30 Year Conventional Refi | 7.01% | 4/5/25 |
| 30 Year Cash-out Refi | 7.28% | 4/5/25 |
| 30 Year FHA Purchase | 7.54% | 4/5/25 |
| 30 Year FHA Refi | 7.42% | 4/5/25 |
| 30 Year VA Purchase | 6.73% | 4/5/25 |
| 30 Year VA Refi | 6.14% | 4/5/25 |
| 30 Year USDA Purchase | 7.29% | 4/5/25 |
| 15 Year Conventional Purchase | 6.86% | 4/5/25 |
| 15 Year Conventional Refi | 6.70% | 4/5/25 |
| 15 Year Cash-out Refi | 6.70% | 4/5/25 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,318Origination Dollar Volume (All Markets)
$658,700,000Relative Rate
The Mortgage Link's average 30 year fixed mortgage rate was
6.69%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.14%.
Relative Fees (Closing Costs)
The Mortgage Link's average total fees/closing costs for a 30 year fixed rate
mortgage were $17,169.
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 $8,356.
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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 440 | $165,190,000 | $375,432 | $22,617 | 6.50% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 484 | $98,940,000 | $204,421 | $12,069 | 6.77% |
| TULSA, OK (FHA|USDA|VA) | 377 | $88,905,000 | $235,822 | $14,404 | 6.64% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 161 | $65,345,000 | $405,870 | $22,727 | 6.59% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 73 | $20,935,000 | $286,781 | $18,311 | 6.90% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 56 | $20,090,000 | $358,750 | $25,561 | 6.82% |
| EL PASO, TX (FHA|USDA|VA) | 71 | $17,475,000 | $246,127 | $17,281 | 6.66% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 72 | $16,740,000 | $232,500 | $12,675 | 6.78% |
| Outside of Metro Areas | 61 | $14,105,000 | $231,230 | $14,231 | 6.96% |
| AMARILLO, TX (FHA|USDA|VA) | 57 | $12,705,000 | $222,895 | $14,274 | 6.82% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 34 | $11,860,000 | $348,824 | $21,884 | 6.73% |
| LAREDO, TX (FHA|USDA|VA) | 45 | $10,215,000 | $227,000 | $17,265 | 6.41% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 20 | $8,870,000 | $443,500 | $28,921 | 6.65% |
| SAN ANGELO, TX (FHA|USDA|VA) | 32 | $7,120,000 | $222,500 | $15,709 | 6.92% |
| MIDLAND, TX (FHA|USDA|VA) | 17 | $5,695,000 | $335,000 | $19,472 | 6.79% |
| ODESSA, TX (FHA|USDA|VA) | 17 | $4,865,000 | $286,176 | $17,647 | 6.76% |
| MONROE, MI (FHA|USDA|VA) | 19 | $4,485,000 | $236,053 | $9,943 | 6.79% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 10 | $3,790,000 | $379,000 | $24,687 | 6.61% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 14 | $3,750,000 | $267,857 | $17,489 | 6.63% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 11 | $3,265,000 | $296,818 | $16,875 | 6.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 10 | $3,230,000 | $323,000 | $15,757 | 6.57% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $3,065,000 | $437,857 | $27,777 | 6.91% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 7 | $2,985,000 | $426,429 | $21,335 | 7.18% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 9 | $2,855,000 | $317,222 | $18,275 | 6.72% |
| LUBBOCK, TX (FHA|USDA|VA) | 18 | $2,850,000 | $158,333 | $15,982 | 7.00% |
| Gainesville, TX (FHA|USDA|VA) | 3 | $2,665,000 | $888,333 | $51,142 | 6.42% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 7 | $2,165,000 | $309,286 | $22,966 | 6.59% |
| Montrose, CO (FHA|USDA|VA) | 6 | $2,000,000 | $333,333 | $14,657 | 6.65% |
| Athens, TX (FHA|USDA|VA) | 3 | $1,925,000 | $641,667 | $22,390 | 6.66% |
| Bonham, TX (FHA|USDA|VA) | 6 | $1,690,000 | $281,667 | $19,699 | 6.83% |
| ANN ARBOR, MI (FHA|USDA|VA) | 7 | $1,605,000 | $229,286 | $10,833 | 6.64% |
| GETTYSBURG, PA (FHA|USDA|VA) | 5 | $1,595,000 | $319,000 | $19,921 | 6.80% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $1,345,000 | $448,333 | $24,733 | 6.42% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $18,262 | 7.12% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $1,300,000 | $325,000 | $11,882 | 7.62% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $1,190,000 | $595,000 | $18,821 | 6.06% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $29,104 | 6.31% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $16,153 | 7.49% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $16,033 | 7.19% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $34,884 | 6.81% |
| FLINT, MI (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $9,538 | 6.77% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $28,412 | 7.06% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $25,985 | 6.94% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $18,248 | 7.43% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $18,259 | 7.50% |
| TYLER, TX (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $13,670 | 6.91% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $18,573 | 6.19% |
| Jasper, AL (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $9,212 | 7.72% |
| Andrews, TX (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $17,746 | 6.46% |
| ROCKFORD, IL (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $18,116 | 6.62% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $15,474 | 6.92% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $18,151 | 6.50% |
| JACKSON, MI (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $12,610 | 6.79% |
| Adrian, MI (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $10,651 | 6.78% |
| OCALA, FL (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $13,090 | 7.00% |
| Granbury, TX (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $11,426 | 6.62% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $17,686 | 6.50% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $21,961 | 6.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $42,898 | 7.50% |
| Corsicana, TX (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $18,482 | 6.50% |
| Bartlesville, OK (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $11,461 | 6.84% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $12,090 | 6.96% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $23,971 | 5.88% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $12,651 | 6.62% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $11,344 | 6.54% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $6,895 | 5.75% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $27,927 | 7.63% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $32,000 | 5.75% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $34,976 | 5.38% |
| LAFAYETTE, LA (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $14,293 | 6.66% |
| Dumas, TX (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $43,891 | 5.50% |
| Opelousas, LA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $15,620 | 6.19% |
| Durango, CO (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 7.13% |
| Albertville, AL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $12,625 | 6.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 7.25% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 7.25% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $39,331 | 6.75% |
| WACO, TX (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $14,892 | 7.75% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $18,240 | 7.13% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 6.99% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $12,304 | 6.38% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $14,788 | 6.99% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $13,373 | 7.06% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $16,370 | 7.63% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $24,435 | 6.50% |
| Duncan, OK (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $10,304 | 6.79% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $11,737 | 6.63% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $9,415 | 6.99% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $14,345 | 7.49% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $12,253 | 6.99% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $11,885 | 7.63% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $14,235 | 6.50% |
| MUNCIE, IN (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,611 | 6.75% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $19,831 | 7.25% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $15,537 | 7.13% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,615 | 6.99% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $24,656 | 6.88% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $10,131 | 6.99% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $14,881 | 6.99% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $19,974 | 7.13% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $16,166 | 6.75% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $13,982 | 6.88% |
| Indiana, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $13,629 | 7.38% |
| Sidney, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,396 | 7.49% |
| Lamesa, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $12,155 | 7.13% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $12,388 | 7.63% |
| Muskogee, OK (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $8,239 | 7.06% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,767 | 6.25% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $13,591 | 5.75% |
| Hobbs, NM (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,838 | 6.63% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $19,083 | 6.50% |
| McAlester, OK (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,354 | 7.13% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $16,913 | 7.75% |
| Coffeyville, KS (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,884 | 6.88% |
| Alma, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $12,883 | 6.63% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $12,519 | 6.25% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $15,997 | 6.75% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $12,730 | 6.63% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 7.88% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,116 | 6.99% |
| Iron Mountain, MI-WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,876 | 7.13% |
| Altus, OK (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $14,520 | 7.38% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $12,849 | 6.00% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $10,189 | 7.13% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $10,569 | 7.13% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $9,710 | 6.75% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,466 | 7.63% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $9,993 | 6.25% |
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Product Mix
For 2024, The Mortgage Link's most frequently originated type of loan was Conventional, with 1,169 originations. Their 2nd most popular type was FHA, with 948 originations.
Loan Reason
For 2024, The Mortgage Link's most frequently cited loan purpose was Home Purchase, with 2,114 originations. The 2nd most popular reason was Cash Out Refi, with 97 originations.
Loan Duration/Length
For 2024, The Mortgage Link's most frequently cited loan duration was 30 Year, with 2,295 originations. The 2nd most popular length was 15 Year, with 12 originations.
Origination Fees/Closing Costs
The Mortgage Link's average total fees were $17,169, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 649 originations.
Interest Rates
During 2024, The Mortgage Link's average interest rate for loans was 6.69%, while their most frequently originated rate bucket for loans was 6-7%, with 1,398 originations.
Loan Sizing
2024 saw The Mortgage Link place emphasis on $200k-400k loans with 1,188 originations, totaling $338,480,000 in origination value.
Applicant Income
The Mortgage Link lent most frequently to those with incomes in the $50k-75k range, with 585 originations. The second most popular income band? $100k-150k, with 549 originations.
Applicant Debt to Income Ratio
The Mortgage Link lent most frequently to those with DTI ratios of 30-36%, with 309 originations. The next most common DTI ratio? 50-60%, with 293 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.86%
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 origination69.93%
The Mortgage Link has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,318 | $658,700,000 | $284,167 |