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, Washington, Tulsa, Detroit, and Baltimore among others. We have data for 85 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 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% | 11/17/24 |
| 30 Year Conventional Refi | 6.62% | 11/17/24 |
| 30 Year Cash-out Refi | 6.76% | 11/17/24 |
| 30 Year FHA Purchase | 7.35% | 11/17/24 |
| 30 Year FHA Refi | 6.81% | 11/17/24 |
| 30 Year VA Purchase | 6.24% | 11/17/24 |
| 30 Year VA Refi | 6.05% | 11/17/24 |
| 30 Year USDA Purchase | 6.98% | 11/17/24 |
| 15 Year Conventional Purchase | 6.05% | 11/17/24 |
| 15 Year Conventional Refi | 6.37% | 11/17/24 |
| 15 Year Cash-out Refi | 6.37% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,485Origination Dollar Volume (All Markets)
$450,465,000Relative Rate
The Mortgage Link's average 30 year fixed mortgage rate was
6.89%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.41%.
Relative Fees (Closing Costs)
The Mortgage Link's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,464.
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 $9,089.
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) | 349 | $127,965,000 | $366,662 | $14,020 | 6.72% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 191 | $78,135,000 | $409,084 | $12,415 | 6.71% |
| TULSA, OK (FHA|USDA|VA) | 264 | $59,130,000 | $223,977 | $9,256 | 6.89% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 109 | $23,315,000 | $213,899 | $6,805 | 7.37% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 64 | $21,520,000 | $336,250 | $11,588 | 6.83% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 60 | $21,250,000 | $354,167 | $18,248 | 6.97% |
| EL PASO, TX (FHA|USDA|VA) | 64 | $17,190,000 | $268,594 | $12,852 | 6.71% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 75 | $14,385,000 | $191,800 | $6,963 | 6.94% |
| Outside of Metro Areas | 48 | $10,520,000 | $219,167 | $8,717 | 7.01% |
| AMARILLO, TX (FHA|USDA|VA) | 28 | $6,090,000 | $217,500 | $9,489 | 7.02% |
| LAREDO, TX (FHA|USDA|VA) | 25 | $5,585,000 | $223,400 | $10,928 | 6.81% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 15 | $4,985,000 | $332,333 | $12,754 | 7.05% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 17 | $4,325,000 | $254,412 | $14,409 | 7.39% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 13 | $4,075,000 | $313,462 | $11,039 | 6.92% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 9 | $3,595,000 | $399,444 | $12,951 | 6.93% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 8 | $3,510,000 | $438,750 | $13,177 | 6.73% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $2,740,000 | $685,000 | $11,130 | 6.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 8 | $2,380,000 | $297,500 | $13,216 | 6.63% |
| MONROE, MI (FHA|USDA|VA) | 7 | $1,975,000 | $282,143 | $7,577 | 7.53% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 9 | $1,905,000 | $211,667 | $7,014 | 7.40% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $1,625,000 | $325,000 | $15,127 | 6.92% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 4 | $1,550,000 | $387,500 | $13,874 | 6.31% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $1,450,000 | $725,000 | $11,877 | 7.31% |
| Ellensburg, WA (FHA|USDA|VA) | 3 | $1,365,000 | $455,000 | $5,802 | 7.54% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $1,270,000 | $635,000 | $13,563 | 7.31% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $11,998 | 6.90% |
| Bonham, TX (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $9,899 | 6.72% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $10,222 | 6.56% |
| ODESSA, TX (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $12,519 | 7.38% |
| SAN ANGELO, TX (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $11,376 | 7.37% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $9,603 | 6.75% |
| Granbury, TX (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $9,833 | 7.13% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $5,877 | 7.00% |
| Gainesville, TX (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $7,798 | 6.96% |
| Bartlesville, OK (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $5,973 | 6.90% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $21,450 | 7.25% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $16,645 | 6.31% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $31,735 | 7.63% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $12,977 | 7.13% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $9,659 | 7.74% |
| Andrews, TX (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $13,883 | 7.06% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $8,505 | 7.00% |
| Stillwater, OK (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $9,238 | 7.21% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $5,909 | 7.50% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 7.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $17,794 | 5.25% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $7,173 | 6.38% |
| Easton, MD (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $15,275 | 7.25% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $15,866 | 7.38% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $9,593 | 6.37% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $27,138 | 8.25% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $10,189 | 6.99% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $11,748 | 7.38% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $9,116 | 6.13% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,823 | 7.50% |
| GETTYSBURG, PA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $6,885 | 7.50% |
| Athens, TX (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $6,846 | 7.17% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $13,332 | 7.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $19,235 | 6.13% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $26,105 | 6.88% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $12,500 | 7.25% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $12,348 | 7.50% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $11,398 | 7.38% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,915 | 6.99% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,113 | 7.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,580 | 6.63% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $14,900 | 7.75% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,110 | 9.99% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,812 | 7.88% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,213 | 6.63% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $10,743 | 7.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,190 | 7.63% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,957 | 6.38% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,466 | 6.99% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $13,795 | 7.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,995 | 7.00% |
| Brevard, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,594 | 7.50% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,328 | 6.75% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,455 | 6.25% |
| Searcy, AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,396 | 7.50% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,175 | 6.63% |
| Escanaba, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,686 | 7.49% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,297 | 6.99% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,499 | 6.63% |
| Ardmore, OK (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $7,261 | 8.75% |
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
For 2023, The Mortgage Link's most frequently originated type of loan was Conventional, with 808 originations. Their 2nd most popular type was FHA, with 543 originations.
Loan Reason
For 2023, The Mortgage Link's most frequently cited loan purpose was Home Purchase, with 1,384 originations. The 2nd most popular reason was Cash Out Refi, with 63 originations.
Loan Duration/Length
For 2023, The Mortgage Link's most frequently cited loan duration was 30 Year, with 1,468 originations. The 2nd most popular length was 15 Year, with 10 originations.
Origination Fees/Closing Costs
The Mortgage Link's average total fees were $11,464, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 572 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 686 | $213,060,000 | $310,583 |
| 7-8% | 590 | $169,040,000 | $286,508 |
| 5-6% | 168 | $56,180,000 | $334,405 |
| Over 8% | 33 | $9,015,000 | $273,182 |
| 4-5% | 8 | $3,170,000 | $396,250 |
During 2023, The Mortgage Link's average interest rate for loans was 6.89%, while their most frequently originated rate bucket for loans was 6-7%, with 686 originations.
Loan Sizing
2023 saw The Mortgage Link place emphasis on $200k-400k loans with 780 originations, totaling $226,280,000 in origination value.
Applicant Income
The Mortgage Link lent most frequently to those with incomes in the $100k-150k range, with 394 originations. The second most popular income band? $75k-100k, with 327 originations.
Applicant Debt to Income Ratio
The Mortgage Link lent most frequently to those with DTI ratios of 50-60%, with 211 originations. The next most common DTI ratio? 30-36%, with 180 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.07%
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 origination67.74%
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 | 1,485 | $450,465,000 | $303,343 |