Anchor Nationwide Loans Mortgage Rates, Fees & Info
CALABASAS, CALEI: 549300KNDTHPORJI2O79
Tax ID: 47-4563523
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Mortgage Data
Review & Overview
Anchor Nationwide Loans is a smaller mortgage company specializing in Home Purchase loans. Anchor Nationwide Loans has a high proportion of conventional loans.Anchor Nationwide Loans 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. 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 11/30/23 |
| 30 Year Conventional Refi | 6.27% | 11/30/23 |
| 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. | ||
Anchor Nationwide Loans Mortgage Calculator
Your Estimates
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This is not an official calculator from Anchor Nationwide Loans. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
563Origination Dollar Volume (All Markets)
$220,825,000Relative Rate
Anchor Nationwide Loans's average 30 year fixed mortgage rate was
4.98%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.22%.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 563 | $220,825,000 | $392,229 | $0 | 8.02% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 563 | $220,825,000 | $392,229 | $0 | 8.02% |
For 2022, Anchor Nationwide Loans's most frequently originated type of loan was Conventional, with 563 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 514 | $185,910,000 | $361,693 | $0 | 8.03% |
| Refi | 49 | $34,915,000 | $712,551 | $0 | 7.92% |
For 2022, Anchor Nationwide Loans's most frequently cited loan purpose was Home Purchase, with 514 originations. The 2nd most popular reason was Refi, with 49 originations.
Loan Duration/Length
For 2022, Anchor Nationwide Loans's most frequently cited loan duration was 1 Year, with 540 originations. The 2nd most popular length was Other, with 14 originations.
Interest Rates
During 2022, Anchor Nationwide Loans's average interest rate for loans was 4.98%, while their most frequently originated rate bucket for loans was Over 8%, with 230 originations.
Loan Sizing
2022 saw Anchor Nationwide Loans place emphasis on $200k-400k loans with 254 originations, totaling $73,150,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 562 | $220,250,000 | $391,904 | $0 | 8.02% |
| Native Hawaiian or Islander | 1 | $575,000 | $575,000 | $0 | 8.00% |
Approval Rates
Total approvals of all applications100.00%
Anchor Nationwide Loans has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination60.04%
Anchor Nationwide Loans 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 | 563 | $220,825,000 | $392,229 |