Envoy Mortgage Ltd.

HOUSTON, TX 77043

LEI: 549300J6N77Q8OHYNF23

Tax ID: 76-0700342

2019 Data | 2018 Data


Jump to:

  • Originations
  • Product Mix
  • Loan Reason
  • Top Markets
  • Typical Rates
  • Loan Sizes
  • Loan to Value Info
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees
  • Dwelling Types

    • Overview

    Envoy Mortgage Ltd. is a small mortgage company specializing in Home Purchase loans. Envoy Mortgage Ltd. 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 include Houston, San Luis Obispo, New York, Cambridge, and Kennewick among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Envoy Mortgage Ltd. is typically a lendor.


    Originations

    12,703

    Origination Dollar Volume (All Markets)

    $3,095,475,000

    Product Mix

    Loan Type Originations Total Value Average Loan
    Conventional 7,456 $1,969,070,000 $264,092
    FHA 3,693 $762,095,000 $206,362
    VA 1,233 $313,715,000 $254,432
    USDA 321 $50,595,000 $157,617

    Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

    Loan Reason

    Loan Reason Originations Total Value Average Loan
    Home Purchase 9,947 $2,290,685,000 $230,289
    Refi 1,621 $493,135,000 $304,217
    Cash Out Refi 1,135 $311,655,000 $274,586

    Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

    Top Markets

    Market Originations Total Value Average Loan
    Outside of Metro Areas 1,066 $200,860,000 $188,424
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX 561 $145,605,000 $259,545
    SAN LUIS OBISPO-PASO ROBLES, CA 315 $133,965,000 $425,286
    NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 276 $116,690,000 $422,790
    CAMBRIDGE-NEWTON-FRAMINGHAM, MA 260 $101,370,000 $389,885
    KENNEWICK-RICHLAND, WA 314 $85,420,000 $272,038
    PHOENIX-MESA-CHANDLER, AZ 327 $84,205,000 $257,508
    WORCESTER, MA-CT 317 $81,665,000 $257,618
    ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 275 $70,055,000 $254,745
    BOSTON, MA 184 $68,900,000 $374,457
    ROCKFORD, IL 689 $66,305,000 $96,234
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 241 $61,535,000 $255,332
    LOUISVILLE/JEFFERSON COUNTY, KY-IN 322 $58,210,000 $180,776
    ORLANDO-KISSIMMEE-SANFORD, FL 242 $55,240,000 $228,264
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 210 $53,570,000 $255,095
    VALLEJO, CA 139 $52,735,000 $379,388
    PROVIDENCE-WARWICK, RI-MA 192 $52,240,000 $272,083
    BAKERSFIELD, CA 211 $49,965,000 $236,801
    SPOKANE-SPOKANE VALLEY, WA 256 $49,580,000 $193,672
    TACOMA-LAKEWOOD, WA 141 $46,995,000 $333,298
    SACRAMENTO-ROSEVILLE-FOLSOM, CA 132 $46,090,000 $349,167
    NEW HAVEN-MILFORD, CT 198 $45,820,000 $231,414
    AUSTIN-ROUND ROCK-GEORGETOWN, TX 130 $42,150,000 $324,231
    MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 152 $40,740,000 $268,026
    CINCINNATI, OH-KY-IN 227 $40,295,000 $177,511
    DENVER-AURORA-LAKEWOOD, CO 110 $39,790,000 $361,727
    NASSAU COUNTY-SUFFOLK COUNTY, NY 106 $39,760,000 $375,094
    WARREN-TROY-FARMINGTON HILLS, MI 180 $37,450,000 $208,056
    BALTIMORE-COLUMBIA-TOWSON, MD 124 $37,010,000 $298,468
    OAKLAND-BERKELEY-LIVERMORE, CA 74 $36,760,000 $496,757
    PHILADELPHIA, PA 130 $36,330,000 $279,462
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 170 $35,390,000 $208,176
    COLUMBUS, GA-AL 169 $31,365,000 $185,592
    BRIDGEPORT-STAMFORD-NORWALK, CT 119 $30,365,000 $255,168
    MOBILE, AL 198 $28,630,000 $144,596
    NAPLES-MARCO ISLAND, FL 110 $28,150,000 $255,909
    NORTH PORT-SARASOTA-BRADENTON, FL 133 $27,015,000 $203,120
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 84 $26,650,000 $317,262
    SANTA MARIA-SANTA BARBARA, CA 65 $24,905,000 $383,154
    FREDERICK-GAITHERSBURG-ROCKVILLE, MD 69 $24,335,000 $352,681
    CAPE CORAL-FORT MYERS, FL 116 $22,200,000 $191,379
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 93 $22,035,000 $236,935
    NEW BRUNSWICK-LAKEWOOD, NJ 66 $21,940,000 $332,424
    GULFPORT-BILOXI, MS 134 $21,840,000 $162,985
    SEATTLE-BELLEVUE-KENT, WA 55 $21,685,000 $394,273
    MILWAUKEE-WAUKESHA, WI 114 $21,510,000 $188,684
    LOS ANGELES-LONG BEACH-GLENDALE, CA 43 $19,805,000 $460,581
    SAN ANTONIO-NEW BRAUNFELS, TX 81 $18,995,000 $234,506
    GRAND RAPIDS-KENTWOOD, MI 97 $18,455,000 $190,258
    MEMPHIS, TN-MS-AR 78 $18,170,000 $232,949
    MANCHESTER-NASHUA, NH 71 $17,865,000 $251,620
    PORTLAND-SOUTH PORTLAND, ME 73 $17,455,000 $239,110
    COLUMBUS, OH 72 $16,930,000 $235,139
    GREENVILLE-ANDERSON, SC 104 $15,410,000 $148,173
    DALLAS-PLANO-IRVING, TX 63 $15,075,000 $239,286
    MIAMI-MIAMI BEACH-KENDALL, FL 60 $15,010,000 $250,167
    WILMINGTON, DE-MD-NJ 64 $14,820,000 $231,563
    WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 63 $13,145,000 $208,651
    DETROIT-DEARBORN-LIVONIA, MI 83 $13,115,000 $158,012
    MERCED, CA 52 $12,780,000 $245,769
    TAMPA-ST. PETERSBURG-CLEARWATER, FL 62 $12,400,000 $200,000
    MODESTO, CA 47 $12,355,000 $262,872
    SALINAS, CA 24 $11,050,000 $460,417
    ASHEVILLE, NC 45 $10,935,000 $243,000
    CHARLOTTE-CONCORD-GASTONIA, NC-SC 60 $10,850,000 $180,833
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 56 $9,950,000 $177,679
    RICHMOND, VA 44 $9,650,000 $219,318
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 52 $9,430,000 $181,346
    JACKSONVILLE, FL 48 $9,390,000 $195,625
    OLYMPIA-LACEY-TUMWATER, WA 27 $9,235,000 $342,037
    MUSKEGON, MI 74 $9,170,000 $123,919
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA 29 $9,125,000 $314,655
    SHEBOYGAN, WI 64 $8,840,000 $138,125
    JANESVILLE-BELOIT, WI 61 $8,805,000 $144,344
    MISSOULA, MT 31 $8,495,000 $274,032
    DOTHAN, AL 53 $8,335,000 $157,264
    COEUR D'ALENE, ID 31 $8,335,000 $268,871
    CHICAGO-NAPERVILLE-EVANSTON, IL 38 $8,100,000 $213,158
    LAKELAND-WINTER HAVEN, FL 39 $7,365,000 $188,846
    KILLEEN-TEMPLE, TX 45 $7,225,000 $160,556
    NEWARK, NJ-PA 15 $7,045,000 $469,667
    DAPHNE-FAIRHOPE-FOLEY, AL 32 $6,420,000 $200,625
    SALEM, OR 25 $6,175,000 $247,000
    SPARTANBURG, SC 40 $6,060,000 $151,500
    TUCSON, AZ 37 $5,965,000 $161,216
    MOUNT VERNON-ANACORTES, WA 12 $5,590,000 $465,833
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 18 $5,450,000 $302,778
    READING, PA 29 $5,095,000 $175,690
    FORT WORTH-ARLINGTON-GRAPEVINE, TX 22 $4,490,000 $204,091
    ROANOKE, VA 23 $4,185,000 $181,957
    FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 16 $4,160,000 $260,000
    BURLINGTON-SOUTH BURLINGTON, VT 17 $4,085,000 $240,294
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 13 $3,805,000 $292,692
    GAINESVILLE, FL 13 $3,475,000 $267,308
    BARNSTABLE TOWN, MA 10 $3,350,000 $335,000
    PORT ST. LUCIE, FL 14 $3,320,000 $237,143
    AUBURN-OPELIKA, AL 19 $3,315,000 $174,474
    LAKE COUNTY-KENOSHA COUNTY, IL-WI 12 $3,120,000 $260,000
    YAKIMA, WA 14 $2,850,000 $203,571
    SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 6 $2,850,000 $475,000
    FRESNO, CA 11 $2,795,000 $254,091
    ELGIN, IL 15 $2,785,000 $185,667
    STOCKTON, CA 7 $2,745,000 $392,143
    RACINE, WI 16 $2,710,000 $169,375
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA 6 $2,670,000 $445,000
    WICHITA, KS 17 $2,655,000 $156,176
    PALM BAY-MELBOURNE-TITUSVILLE, FL 14 $2,590,000 $185,000
    PANAMA CITY, FL 12 $2,500,000 $208,333
    LEXINGTON-FAYETTE, KY 15 $2,495,000 $166,333
    ANAHEIM-SANTA ANA-IRVINE, CA 6 $2,450,000 $408,333
    YUBA CITY, CA 7 $2,425,000 $346,429
    ELIZABETHTOWN-FORT KNOX, KY 16 $2,400,000 $150,000
    BAY CITY, MI 23 $2,385,000 $103,696
    SALISBURY, MD-DE 8 $2,270,000 $283,750
    LYNCHBURG, VA 12 $2,260,000 $188,333
    CHARLESTON-NORTH CHARLESTON, SC 9 $2,215,000 $246,111
    ATLANTIC CITY-HAMMONTON, NJ 12 $2,160,000 $180,000
    NORWICH-NEW LONDON, CT 12 $2,160,000 $180,000
    COLORADO SPRINGS, CO 8 $2,110,000 $263,750
    NAPA, CA 5 $2,035,000 $407,000
    SEBASTIAN-VERO BEACH, FL 11 $2,025,000 $184,091
    INDIANAPOLIS-CARMEL-ANDERSON, IN 13 $1,975,000 $151,923
    MADISON, WI 8 $1,960,000 $245,000
    OXNARD-THOUSAND OAKS-VENTURA, CA 6 $1,960,000 $326,667
    OCEAN CITY, NJ 6 $1,950,000 $325,000
    OCALA, FL 12 $1,920,000 $160,000
    BREMERTON-SILVERDALE-PORT ORCHARD, WA 5 $1,795,000 $359,000
    BELLINGHAM, WA 8 $1,780,000 $222,500
    SANTA CRUZ-WATSONVILLE, CA 3 $1,755,000 $585,000
    GREELEY, CO 6 $1,740,000 $290,000
    COLUMBIA, SC 12 $1,730,000 $144,167
    MANHATTAN, KS 8 $1,690,000 $211,250
    WALLA WALLA, WA 4 $1,650,000 $412,500
    SPRINGFIELD, MA 9 $1,645,000 $182,778
    LANCASTER, PA 6 $1,520,000 $253,333
    CAMDEN, NJ 5 $1,485,000 $297,000
    FLINT, MI 6 $1,460,000 $243,333
    MADERA, CA 4 $1,340,000 $335,000
    DOVER, DE 5 $1,245,000 $249,000
    CLARKSVILLE, TN-KY 6 $1,120,000 $186,667
    GREENSBORO-HIGH POINT, NC 5 $1,075,000 $215,000
    ALBUQUERQUE, NM 7 $1,055,000 $150,714
    ANN ARBOR, MI 5 $1,035,000 $207,000
    EAST STROUDSBURG, PA 6 $1,030,000 $171,667
    KINGSTON, NY 3 $1,005,000 $335,000
    PUEBLO, CO 7 $975,000 $139,286
    MIDLAND, MI 6 $970,000 $161,667
    REDDING, CA 3 $935,000 $311,667
    HAGERSTOWN-MARTINSBURG, MD-WV 4 $910,000 $227,500
    HUNTSVILLE, AL 4 $910,000 $227,500
    SAN RAFAEL, CA 2 $880,000 $440,000
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 4 $880,000 $220,000
    HICKORY-LENOIR-MORGANTON, NC 5 $815,000 $163,000
    OKLAHOMA CITY, OK 4 $800,000 $200,000
    PRESCOTT VALLEY-PRESCOTT, AZ 3 $795,000 $265,000
    VISALIA, CA 4 $780,000 $195,000
    MEDFORD, OR 2 $740,000 $370,000
    DAYTON-KETTERING, OH 4 $700,000 $175,000
    RALEIGH-CARY, NC 3 $695,000 $231,667
    YORK-HANOVER, PA 4 $670,000 $167,500
    URBAN HONOLULU, HI 1 $665,000 $665,000
    SAGINAW, MI 5 $655,000 $131,000
    KALAMAZOO-PORTAGE, MI 3 $645,000 $215,000
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA 2 $610,000 $305,000
    MONROE, MI 4 $590,000 $147,500
    VALDOSTA, GA 3 $585,000 $195,000
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 3 $495,000 $165,000
    CORPUS CHRISTI, TX 1 $485,000 $485,000
    HOMOSASSA SPRINGS, FL 4 $480,000 $120,000
    TERRE HAUTE, IN 2 $470,000 $235,000
    JACKSON, MS 2 $470,000 $235,000
    EUGENE-SPRINGFIELD, OR 2 $440,000 $220,000
    BIRMINGHAM-HOOVER, AL 3 $425,000 $141,667
    ABILENE, TX 1 $395,000 $395,000
    AUGUSTA-RICHMOND COUNTY, GA-SC 3 $395,000 $131,667
    ST. CLOUD, MN 2 $380,000 $190,000
    KNOXVILLE, TN 3 $375,000 $125,000
    WINSTON-SALEM, NC 3 $375,000 $125,000
    SCRANTON--WILKES-BARRE, PA 2 $370,000 $185,000
    SAVANNAH, GA 1 $365,000 $365,000
    TOPEKA, KS 2 $360,000 $180,000
    GADSDEN, AL 1 $345,000 $345,000
    HATTIESBURG, MS 3 $335,000 $111,667
    ROME, GA 2 $330,000 $165,000
    ALBANY-SCHENECTADY-TROY, NY 2 $320,000 $160,000
    PENSACOLA-FERRY PASS-BRENT, FL 1 $315,000 $315,000
    FLAGSTAFF, AZ 1 $315,000 $315,000
    CHAMBERSBURG-WAYNESBORO, PA 1 $305,000 $305,000
    JACKSON, TN 1 $305,000 $305,000
    BANGOR, ME 1 $305,000 $305,000
    BOWLING GREEN, KY 2 $290,000 $145,000
    POCATELLO, ID 1 $285,000 $285,000
    BEAUMONT-PORT ARTHUR, TX 2 $280,000 $140,000
    WENATCHEE, WA 1 $275,000 $275,000
    ODESSA, TX 1 $275,000 $275,000
    GREEN BAY, WI 3 $275,000 $91,667
    WAUSAU-WESTON, WI 3 $265,000 $88,333
    EAU CLAIRE, WI 1 $265,000 $265,000
    SHERMAN-DENISON, TX 1 $255,000 $255,000
    HUNTINGTON-ASHLAND, WV-KY-OH 1 $255,000 $255,000
    CHATTANOOGA, TN-GA 1 $245,000 $245,000
    LAFAYETTE-WEST LAFAYETTE, IN 1 $245,000 $245,000
    ROCHESTER, MN 1 $245,000 $245,000
    WILMINGTON, NC 1 $245,000 $245,000
    BEND, OR 1 $245,000 $245,000
    SAN ANGELO, TX 1 $245,000 $245,000
    LAKE HAVASU CITY-KINGMAN, AZ 2 $240,000 $120,000
    FLORENCE, SC 2 $230,000 $115,000
    TRENTON-PRINCETON, NJ 1 $225,000 $225,000
    CLEVELAND-ELYRIA, OH 1 $215,000 $215,000
    FOND DU LAC, WI 1 $215,000 $215,000
    LEBANON, PA 1 $215,000 $215,000
    DURHAM-CHAPEL HILL, NC 1 $215,000 $215,000
    DALTON, GA 1 $205,000 $205,000
    SANTA ROSA-PETALUMA, CA 1 $205,000 $205,000
    MACON-BIBB COUNTY, GA 1 $195,000 $195,000
    JACKSON, MI 1 $195,000 $195,000
    MANKATO, MN 1 $195,000 $195,000
    BOISE CITY, ID 1 $195,000 $195,000
    COLLEGE STATION-BRYAN, TX 1 $195,000 $195,000
    HOT SPRINGS, AR 1 $185,000 $185,000
    BLACKSBURG-CHRISTIANSBURG, VA 2 $180,000 $90,000
    WARNER ROBINS, GA 1 $175,000 $175,000
    ELKHART-GOSHEN, IN 1 $175,000 $175,000
    CANTON-MASSILLON, OH 1 $175,000 $175,000
    PUNTA GORDA, FL 1 $165,000 $165,000
    FARGO, ND-MN 1 $165,000 $165,000
    EVANSVILLE, IN-KY 1 $165,000 $165,000
    NEW BERN, NC 1 $165,000 $165,000
    EL PASO, TX 1 $165,000 $165,000
    MUNCIE, IN 1 $155,000 $155,000
    GREAT FALLS, MT 1 $145,000 $145,000
    SPRINGFIELD, IL 1 $125,000 $125,000
    GARY, IN 1 $125,000 $125,000
    LONGVIEW, TX 1 $125,000 $125,000
    TUSCALOOSA, AL 1 $105,000 $105,000
    TALLAHASSEE, FL 1 $105,000 $105,000
    JOHNSON CITY, TN 1 $85,000 $85,000
    LANSING-EAST LANSING, MI 1 $85,000 $85,000
    VICTORIA, TX 1 $65,000 $65,000
    BROWNSVILLE-HARLINGEN, TX 1 $65,000 $65,000
    FAYETTEVILLE, NC 1 $65,000 $65,000
    OWENSBORO, KY 1 $65,000 $65,000

    Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

    Interest Rate & Spreads

    Loan Rate Originations Total Value Average Loan
    <2.5% 55 $575,000 $10,455
    2.5-3% 39 $8,945,000 $229,359
    3-4% 4,570 $1,327,070,000 $290,387
    4-5% 6,012 $1,416,650,000 $235,637
    5-6% 1,725 $321,475,000 $186,362
    6-7% 63 $12,705,000 $201,667
    7-8% 16 $4,830,000 $301,875
    Over 8% 4 $1,880,000 $470,000

    Loan Sizing

    Loan Size Originations Total Value Average Loan
    $100,000 or less 1,225 $71,325,000 $58,224
    $100k-200k 4,267 $651,625,000 $152,713
    $200k-400k 5,668 $1,583,580,000 $279,390
    $400k-600k 1,286 $602,560,000 $468,554
    $600k-1000k 234 $160,440,000 $685,641
    $Over $1MM 23 $25,945,000 $1,128,043

    Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    20-40% 194 $33,110,000 $170,670
    40-60% 588 $145,270,000 $247,058
    60-80% 2,718 $763,510,000 $280,909
    80-100% 8,567 $2,060,245,000 $240,486
    Over 100% 315 $89,205,000 $283,190
    Under 20% 320 $4,130,000 $12,906

    LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

    Applicant Income

    Applicant Income Originations Total Value Average Loan
    $100k-150k 2,336 $720,330,000 $308,360
    $150k-250k 1,323 $490,065,000 $370,420
    $50k-75k 3,540 $698,780,000 $197,395
    $50k-or less 2,751 $401,745,000 $146,036
    $75k-100k 2,316 $583,710,000 $252,034
    $Over $250k 437 $200,845,000 $459,600

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan
    White 10,118 $2,460,320,000 $243,163
    Black 1,203 $263,715,000 $219,214
    Not provided 860 $224,490,000 $261,035
    Asian 371 $106,335,000 $286,617
    American Indian 80 $19,160,000 $239,500
    Asian Indian 21 $6,365,000 $303,095
    Other Asian 12 $4,850,000 $404,167
    Native Hawaiian 17 $4,425,000 $260,294
    Filipino 7 $2,155,000 $307,857
    Other Pacific Islander 7 $1,365,000 $195,000
    Guamanian 2 $1,000,000 $500,000
    Vietnamese 3 $865,000 $288,333
    Korean 1 $285,000 $285,000
    Chinese 1 $145,000 $145,000

    Approval Rates

    Total approvals of all applications
    93.12%

    A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

    Pick Rate

    Approvals leading to origination
    79.73%

    A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 12,703 $3,095,475,000 $243,681

    Origination Fees

    Origination Fee Originations Total Value Average Loan

    Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 345 $52,865,000 $153,232
    Single Family (1-4 Units):Site-Built 12,358 $3,042,610,000 $246,206