Accelerate Mortgage Rates, Fees & Info
DOVER, DELEI: 549300JHSXRPXKX47M78
Tax ID: 82-3388360
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Mortgage Data
Review & Overview
Accelerate Mortgage is a smaller mortgage company specializing in Refi loans. Accelerate Mortgage has a low ratio of conventional loans. Their top markets by origination volume include: Los Angeles, Crestview, San Diego, Pittsburgh, and Spokane among others. We have data for 31 markets. (Some data included below & more in-depth data is available with an active subscription.)Accelerate 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. Accelerate Mortgage 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.
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Originations
31Origination Dollar Volume (All Markets)
$9,655,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $2,991 | 3.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $8,638 | 3.50% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $6,850 | 3.25% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,503 | 3.50% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $8,125 | 3.38% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,025 | 3.88% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,211 | 3.25% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,500 | 3.75% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,871 | 3.50% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $20,320 | 4.50% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,837 | 3.88% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,223 | 3.25% |
| SALEM, OR (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,181 | 3.50% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,693 | 4.63% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,467 | 4.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,439 | 3.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,440 | 3.50% |
| Outside of Metro Areas | 1 | $235,000 | $235,000 | $8,864 | 4.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,868 | 3.88% |
| DOVER, DE (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,898 | 3.50% |
| TULSA, OK (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,576 | 3.50% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,760 | 3.50% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,629 | 3.38% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $12,314 | 3.63% |
| Shelton, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,640 | 4.50% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,658 | 3.50% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,362 | 3.25% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,392 | 3.25% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,409 | 4.25% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,703 | 3.63% |
| Altus, OK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $11,094 | 4.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against ACCELERATE 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 |
|---|---|---|---|---|---|
| VA | 30 | $9,480,000 | $316,000 | $5,259 | 3.71% |
| Conventional | 1 | $175,000 | $175,000 | $2,703 | 3.63% |
For 2019, Accelerate Mortgage's most frequently originated type of loan was VA, with 30 originations. Their 2nd most popular type was Conventional, with 1 originations.
Loan Reason
For 2019, Accelerate Mortgage's most frequently cited loan purpose was Refi, with 27 originations. The 2nd most popular reason was Cash Out Refi, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 30 | $9,480,000 | $316,000 | $5,259 | 3.71% |
| 15 Year | 1 | $175,000 | $175,000 | $2,703 | 3.63% |
For 2019, Accelerate Mortgage's most frequently cited loan duration was 30 Year, with 30 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
Accelerate Mortgage's average total fees were $5,259, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 17 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 25 | $8,255,000 | $330,200 |
| 4-5% | 6 | $1,400,000 | $233,333 |
During 2019, Accelerate Mortgage's average interest rate for loans was 3.71%, while their most frequently originated rate bucket for loans was 3-4%, with 25 originations.
Loan Sizing
2019 saw Accelerate Mortgage place emphasis on $200k-400k loans with 17 originations, totaling $4,745,000 in origination value.
Applicant Income
Accelerate Mortgage lent most frequently to those with incomes in the $50k or less range, with 28 originations. The second most popular income band? $150k-250k, with 1 originations.
Applicant Debt to Income Ratio
Accelerate Mortgage lent most frequently to those with DTI ratios of <20%, with 1 originations. The next most common DTI ratio? 30-36%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications75.16%
Accelerate Mortgage has a below average approval rate.
Pick Rate
Approvals leading to origination-1,338.71%
Accelerate 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 | 31 | $9,655,000 | $311,452 |