Mission Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300IOX9BEK4O4M683
Tax ID: 81-3313999
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Mortgage Data
Review & Overview
Mission Mortgage is a smaller mortgage company specializing in Home Purchase loans. Mission Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, New York, Tampa, Miami, and Lakeland among others. We have data for 46 markets. (Some data included below & more in-depth data is available with an active subscription.)Mission Mortgage has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Mission Mortgage is typically a low 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.
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Originations
214Origination Dollar Volume (All Markets)
$36,810,000Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 36 | $7,100,000 | $197,222 | $5,656 | 5.02% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 17 | $4,235,000 | $249,118 | $7,786 | 5.03% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 20 | $3,530,000 | $176,500 | $4,444 | 5.08% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 17 | $2,925,000 | $172,059 | $5,440 | 5.38% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 19 | $2,555,000 | $134,474 | $4,079 | 5.06% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 10 | $2,220,000 | $222,000 | $4,139 | 5.04% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 7 | $1,385,000 | $197,857 | $3,416 | 5.02% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 7 | $1,275,000 | $182,143 | $3,947 | 4.80% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 7 | $975,000 | $139,286 | $5,032 | 4.73% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $6,090 | 5.34% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $890,000 | $148,333 | $4,378 | 4.90% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $825,000 | $117,857 | $4,386 | 5.54% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 7 | $795,000 | $113,571 | $4,287 | 4.95% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $795,000 | $159,000 | $4,555 | 5.10% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $8,903 | 4.93% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $3,047 | 5.13% |
| Easton, MD (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $7,002 | 4.63% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $6,954 | 4.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $5,426 | 5.10% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,794 | 4.38% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,661 | 4.70% |
| AKRON, OH (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,021 | 5.50% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $4,346 | 4.17% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,062 | 5.44% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,171 | 4.79% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $4,261 | 5.17% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,870 | 4.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,570 | 4.63% |
| Henderson, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,013 | 4.58% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,138 | 5.50% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,177 | 5.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,869 | 4.63% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,976 | 5.00% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,929 | 5.25% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,449 | 5.13% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $3,358 | 5.23% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,451 | 4.75% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,973 | 5.75% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,842 | 5.25% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,566 | 6.13% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,779 | 5.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,321 | 4.50% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,438 | 4.88% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,263 | 6.00% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,663 | 4.75% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,681 | 5.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against MISSION MORTGAGE 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 | 214 | $36,810,000 | $172,009 | $4,972 | 5.06% |
For 2018, Mission Mortgage's most frequently originated type of loan was Conventional, with 214 originations.
Loan Reason
For 2018, Mission Mortgage's most frequently cited loan purpose was Home Purchase, with 160 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.
Loan Duration/Length
For 2018, Mission Mortgage's most frequently cited loan duration was 30 Year, with 195 originations. The 2nd most popular length was 15 Year, with 9 originations.
Origination Fees/Closing Costs
Mission Mortgage's average total fees were $5,057, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 71 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 114 | $21,710,000 | $190,439 |
| 5-6% | 93 | $13,845,000 | $148,871 |
| 3-4% | 5 | $945,000 | $189,000 |
| 6-7% | 2 | $310,000 | $155,000 |
During 2018, Mission Mortgage's average interest rate for loans was 5.10%, while their most frequently originated rate bucket for loans was 4-5%, with 114 originations.
Loan Sizing
2018 saw Mission Mortgage place emphasis on $100k-200k loans with 95 originations, totaling $13,915,000 in origination value.
Applicant Income
Mission Mortgage lent most frequently to those with incomes in the $50k-75k range, with 67 originations. The second most popular income band? $50k or less, with 42 originations.
Applicant Debt to Income Ratio
Mission Mortgage lent most frequently to those with DTI ratios of 20-30%, with 45 originations. The next most common DTI ratio? 30-36%, with 38 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.29%
Mission Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination50.00%
Mission Mortgage 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 | 214 | $36,810,000 | $172,009 |