The Mortgage Link Rates, Fees & InfoROCKVILLE, MD
Tax ID: 52-2350821
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewThe Mortgage Link is a smaller mortgage company specializing in Refi and Home Purchase loans. The Mortgage Link has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Washington, Baltimore, Salisbury, Hagerstown, and Virginia Beach among others. We have data for 25 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 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.
|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.55%||3/19/23|
|30 Year Conventional Refi||6.41%||3/19/23|
|30 Year Cash-out Refi||6.60%||3/19/23|
|30 Year FHA Purchase||7.22%||3/19/23|
|30 Year FHA Refi||6.84%||3/19/23|
|30 Year VA Purchase||6.27%||3/19/23|
|30 Year VA Refi||5.79%||3/19/23|
|15 Year Conventional Purchase||5.74%||3/19/23|
|15 Year Conventional Refi||5.87%||3/19/23|
|15 Year Cash-out Refi||5.87%||3/19/23|
|15 Year FHA Refi||6.64%||3/19/23|
|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.|
Origination Dollar Volume (All Markets)$307,515,000
The Mortgage Link's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.1%.
Relative Fees (Closing Costs)
The Mortgage Link's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,671.
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.
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)||653||$245,635,000||$376,164||$4,519||2.97%|
|BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA)||115||$36,535,000||$317,696||$4,082||2.94%|
|SALISBURY, MD-DE (FHA|USDA|VA)||23||$7,515,000||$326,739||$4,651||3.01%|
|HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA)||16||$3,570,000||$223,125||$4,163||3.12%|
|Outside of Metro Areas||8||$1,950,000||$243,750||$5,191||2.97%|
|VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA)||6||$1,730,000||$288,333||$3,708||2.83%|
|Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA)||5||$1,355,000||$271,000||$4,635||2.93%|
|Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)||3||$1,255,000||$418,333||$4,531||3.08%|
|Key West, FL (FHA|USDA|VA)||3||$1,245,000||$415,000||$3,940||2.71%|
|TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)||3||$1,235,000||$411,667||$4,657||3.00%|
|RICHMOND, VA (FHA|USDA|VA)||4||$1,040,000||$260,000||$3,185||2.34%|
|Easton, MD (FHA|USDA|VA)||2||$870,000||$435,000||$3,525||3.06%|
|JACKSONVILLE, FL (FHA|USDA|VA)||3||$765,000||$255,000||$6,093||3.12%|
|WINCHESTER, VA-WV (FHA|USDA|VA)||1||$385,000||$385,000||$3,506||2.75%|
|CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA)||1||$375,000||$375,000||$6,332||3.49%|
|North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)||1||$345,000||$345,000||$3,345||2.99%|
|ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)||2||$290,000||$145,000||$4,045||3.81%|
|LYNCHBURG, VA (FHA|USDA|VA)||1||$275,000||$275,000||$4,152||2.88%|
|GETTYSBURG, PA (FHA|USDA|VA)||1||$255,000||$255,000||$4,430||3.00%|
|LANCASTER, PA (FHA|USDA|VA)||1||$195,000||$195,000||$3,702||3.13%|
|ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA)||1||$165,000||$165,000||$8,047||3.50%|
|PORT ST. LUCIE, FL (FHA|USDA|VA)||1||$155,000||$155,000||$3,513||3.13%|
|PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA)||1||$155,000||$155,000||$2,885||2.75%|
|HARRISONBURG, VA (FHA|USDA|VA)||1||$125,000||$125,000||$2,211||2.75%|
|CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA)||1||$95,000||$95,000||$2,704||3.00%|
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.
Similarity Rank: 228
Similarity Rank: 477
Similarity Rank: 546
Similarity Rank: 676
Similarity Rank: 736
Similarity Rank: 1344
Similarity Rank: 1680
Similarity Rank: 2455
Similarity Rank: 2600
Similarity Rank: 2740
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, The Mortgage Link's most frequently originated type of loan was Conventional, with 810 originations. Their 2nd most popular type was FHA, with 46 originations.
For 2021, The Mortgage Link's most frequently cited loan purpose was Refi, with 430 originations. The 2nd most popular reason was Home Purchase, with 263 originations.
For 2021, The Mortgage Link's most frequently cited loan duration was 30 Year, with 703 originations. The 2nd most popular length was 15 Year, with 90 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
The Mortgage Link's average total fees were $4,671, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 672 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2021, The Mortgage Link's average interest rate for loans was 3.05%, while their most frequently originated rate bucket for loans was 2.5-3%, with 441 originations.
2021 saw The Mortgage Link place emphasis on $200k-400k loans with 513 originations, totaling $155,485,000 in origination value.
The Mortgage Link lent most frequently to those with incomes in the $100k-150k range, with 220 originations. The second most popular income band? $150k-250k, with 214 originations.
Applicant Debt to Income Ratio
The Mortgage Link lent most frequently to those with DTI ratios of 20-30%, with 224 originations. The next most common DTI ratio? 30-36%, with 160 originations.
Approval RatesTotal approvals of all applications
The Mortgage Link has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
The Mortgage Link has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2021 CPFB Complaints||% of Total Issues|
|THE MORTGAGE EXPERTS LLC||VA mortgage||Applying for a mortgage or refinancing an existing mortgage||1||100.0%|