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 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.
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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 |