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 and Refi loans. Anchor Nationwide Loans has a high proportion of conventional loans. Their top markets by origination volume include: Las Vegas, Miami, Phoenix, Tampa, and Tucson among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)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 relatively high 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% | 3/24/24 |
| 30 Year Conventional Refi | 6.27% | 3/24/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
308Origination Dollar Volume (All Markets)
$55,210,000Top 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 |
|---|---|---|---|---|---|
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 120 | $18,310,000 | $152,583 | $0 | 8.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 47 | $11,895,000 | $253,085 | $0 | 8.91% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 29 | $7,105,000 | $245,000 | $0 | 8.40% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 26 | $5,620,000 | $216,154 | $0 | 9.85% |
| TUCSON, AZ (FHA|USDA|VA) | 43 | $4,705,000 | $109,419 | $0 | 7.05% |
| RENO, NV (FHA|USDA|VA) | 6 | $2,070,000 | $345,000 | $0 | 9.15% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 7 | $965,000 | $137,857 | $0 | 9.05% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $725,000 | $103,571 | $0 | 10.71% |
| Roseburg, OR (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $0 | 10.67% |
| SALEM, OR (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $0 | 8.95% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $0 | 8.95% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 9.50% |
| Lake City, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 7.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 11.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 10.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 10.25% |
| OCALA, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 12.00% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 12.00% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 8.95% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 8.95% |
| Fallon, NV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.95% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 308 | $55,210,000 | $179,253 | $0 | 8.49% |
For 2018, Anchor Nationwide Loans's most frequently originated type of loan was Conventional, with 308 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 198 | $30,000,000 | $151,515 | $0 | 8.81% |
| Refi | 110 | $25,210,000 | $229,182 | $0 | 7.93% |
For 2018, Anchor Nationwide Loans's most frequently cited loan purpose was Home Purchase, with 198 originations. The 2nd most popular reason was Refi, with 110 originations.
Loan Duration/Length
For 2018, Anchor Nationwide Loans's most frequently cited loan duration was Other, with 291 originations. The 2nd most popular length was 3 Year, with 7 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 133 | $17,205,000 | $129,361 |
| Over 8% | 127 | $32,055,000 | $252,402 |
| 6-7% | 48 | $5,950,000 | $123,958 |
During 2018, Anchor Nationwide Loans's average interest rate for loans was 6.83%, while their most frequently originated rate bucket for loans was 7-8%, with 133 originations.
Loan Sizing
2018 saw Anchor Nationwide Loans place emphasis on $100,000 or less loans with 123 originations, totaling $10,045,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.83%
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 origination73.38%
Anchor Nationwide Loans has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 308 | $55,210,000 | $179,253 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Anchor Loans, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |