My Mortgage Rates, Fees & Info

CROFTON, MD

LEI: 549300NT030LXB2A8T82

Tax ID: 83-1304415

1 stars - Updated: 10/13/24 - out of 5 stars, based on 32 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

My Mortgage is a smaller mortgage company specializing in Home Purchase loans. My Mortgage has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Miami, Orlando, Tampa, New York, and Washington among others. We have data for 56 markets. (Some data included below & more in-depth data is available with an active subscription.)

My Mortgage 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. My Mortgage is typically a high 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 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 7.15% 10/13/24
30 Year Conventional Refi 6.87% 10/13/24
30 Year Cash-out Refi 6.86% 10/13/24
30 Year FHA Purchase 7.65% 10/13/24
30 Year FHA Refi 7.46% 10/13/24
30 Year VA Purchase 6.52% 10/13/24
30 Year VA Refi 6.49% 10/13/24
30 Year USDA Purchase 6.79% 10/13/24
15 Year Conventional Purchase 5.38% 10/13/24
15 Year Conventional Refi 6.39% 10/13/24
15 Year Cash-out Refi 6.39% 10/13/24
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.

My Mortgage Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from My Mortgage. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

996

Origination Dollar Volume (All Markets)

$353,790,000

Awards

MY MORTGAGE FHA Loans silver
Show all (1) awards

Relative Rate

My Mortgage's average 30 year fixed mortgage rate was 6.71%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.23%.

Relative Fees (Closing Costs)

My Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $13,780.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 415 $170,315,000 $410,398 $14,446 6.81%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 125 $39,505,000 $316,040 $13,812 6.79%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 101 $33,335,000 $330,050 $14,809 6.59%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 60 $25,550,000 $425,833 $17,440 6.83%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 36 $15,090,000 $419,167 $14,706 6.46%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 48 $12,430,000 $258,958 $11,188 6.09%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 36 $9,070,000 $251,944 $9,675 6.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 28 $7,910,000 $282,500 $11,751 6.02%
OCALA, FL (FHA|USDA|VA) 14 $3,790,000 $270,714 $13,079 6.74%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 13 $3,335,000 $256,538 $12,332 7.54%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 10 $2,750,000 $275,000 $10,847 7.46%
PUNTA GORDA, FL (FHA|USDA|VA) 11 $2,365,000 $215,000 $6,631 4.87%
JACKSONVILLE, FL (FHA|USDA|VA) 8 $1,920,000 $240,000 $10,754 7.23%
SALISBURY, MD-DE (FHA|USDA|VA) 8 $1,840,000 $230,000 $8,596 7.09%
Key West, FL (FHA|USDA|VA) 3 $1,645,000 $548,333 $17,036 7.75%
PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $1,560,000 $390,000 $16,285 6.81%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $1,460,000 $243,333 $12,373 5.94%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,375,000 $1,375,000 $16,195 8.75%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $1,355,000 $451,667 $8,765 6.67%
Outside of Metro Areas 6 $1,310,000 $218,333 $8,851 7.12%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,265,000 $421,667 $15,983 7.38%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 4 $1,090,000 $272,500 $16,374 7.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 5 $1,035,000 $207,000 $11,242 5.50%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $800,000 $400,000 $19,350 6.81%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $780,000 $390,000 $18,657 6.94%
RICHMOND, VA (FHA|USDA|VA) 3 $765,000 $255,000 $9,156 6.17%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $730,000 $182,500 $7,631 5.44%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $715,000 $715,000 $20,632 7.25%
DALTON, GA (FHA|USDA|VA) 1 $645,000 $645,000 $16,211 7.13%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $605,000 $605,000 $8,896 6.75%
THE VILLAGES, FL (FHA|USDA|VA) 2 $600,000 $300,000 $13,975 7.56%
Clewiston, FL (FHA|USDA|VA) 2 $600,000 $300,000 $11,628 7.06%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $575,000 $575,000 $16,417 6.25%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $450,000 $225,000 $7,161 6.63%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $420,000 $210,000 $8,903 6.50%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $395,000 $395,000 $19,023 6.63%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $380,000 $190,000 $8,674 8.50%
KNOXVILLE, TN (FHA|USDA|VA) 2 $310,000 $155,000 $8,762 9.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $305,000 $305,000 $7,441 6.63%
Lake City, FL (FHA|USDA|VA) 1 $305,000 $305,000 $9,955 6.63%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $295,000 $295,000 $10,518 6.63%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $265,000 $265,000 $9,037 7.63%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $265,000 $265,000 $8,832 6.99%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $255,000 $255,000 $6,591 6.38%
Forest City, NC (FHA|USDA|VA) 1 $245,000 $245,000 $4,711 5.99%
Wauchula, FL (FHA|USDA|VA) 1 $225,000 $225,000 $7,827 6.63%
MEDFORD, OR (FHA|USDA|VA) 1 $225,000 $225,000 $8,336 6.63%
DOVER, DE (FHA|USDA|VA) 2 $210,000 $105,000 $7,804 6.81%
GREENVILLE, NC (FHA|USDA|VA) 1 $205,000 $205,000 $7,881 7.13%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $175,000 $175,000 $7,963 7.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $160,000 $80,000 $7,707 8.75%
Henderson, NC (FHA|USDA|VA) 1 $155,000 $155,000 $7,163 6.13%
FLINT, MI (FHA|USDA|VA) 1 $145,000 $145,000 $6,210 6.50%
PITTSBURGH, PA (FHA|USDA|VA) 1 $105,000 $105,000 $6,970 7.50%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $95,000 $95,000 $6,542 7.63%
BATTLE CREEK, MI (FHA|USDA|VA) 1 $85,000 $85,000 $6,590 5.75%
My Mortgage's top markets include Miami, Orlando, Tampa, New York, and Washington among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against MY MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 117
    N C P D Federal Credit Union
    Similarity Rank: 126
    Columbia Bank
    Similarity Rank: 156
    POINT BREEZE
    Similarity Rank: 160
    GREATER ALLIANCE
    Similarity Rank: 168
    Blue Foundry Bank
    Similarity Rank: 188
    PCSB Bank
    Similarity Rank: 207

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 551 $185,695,000 $337,015 $10,551 6.60%
    FHA 415 $156,965,000 $378,229 $17,861 6.86%
    VA 30 $11,130,000 $371,000 $13,459 6.90%

    For 2023, My Mortgage's most frequently originated type of loan was Conventional, with 551 originations. Their 2nd most popular type was FHA, with 415 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 906 $330,010,000 $364,249 $13,899 6.69%
    Refi 90 $23,780,000 $264,222 $11,522 7.00%

    For 2023, My Mortgage's most frequently cited loan purpose was Home Purchase, with 906 originations. The 2nd most popular reason was Refi, with 90 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 982 $350,690,000 $357,118 $13,780 6.71%
    10 Year 6 $80,000 $13,333 $92 9.52%
    15 Year 5 $2,015,000 $403,000 $12,042 6.55%
    20 Year 2 $730,000 $365,000 $13,851 6.06%
    Other 1 $275,000 $275,000 $9,514 6.99%

    For 2023, My Mortgage's most frequently cited loan duration was 30 Year, with 982 originations. The 2nd most popular length was 10 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 597 $233,695,000 $391,449
    $1k-2k 113 $42,765,000 $378,451
    $4k-5k 83 $26,525,000 $319,578
    $<1k 74 $9,970,000 $134,730
    $2k-3k 68 $21,240,000 $312,353
    $3k-4k 61 $19,595,000 $321,230

    My Mortgage's average total fees were $13,780, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 597 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 456 $167,840,000 $368,070
    7-8% 392 $148,780,000 $379,541
    5-6% 58 $20,170,000 $347,759
    <2.5% 44 $810,000 $18,409
    Over 8% 44 $15,470,000 $351,591
    4-5% 2 $720,000 $360,000

    During 2023, My Mortgage's average interest rate for loans was 6.71%, while their most frequently originated rate bucket for loans was 6-7%, with 456 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 478 $146,700,000 $306,904 $13,363 6.95%
    $400k-600k 308 $148,810,000 $483,149 $17,193 7.06%
    $100k-200k 93 $14,415,000 $155,000 $7,499 7.03%
    $100,000 or less 58 $1,540,000 $26,552 $937 2.02%
    $600k-1MM 55 $37,675,000 $685,000 $19,895 7.12%
    $1MM+ 4 $4,650,000 $1,162,500 $25,215 8.16%

    2023 saw My Mortgage place emphasis on $200k-400k loans with 478 originations, totaling $146,700,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 357 $139,615,000 $391,078 $14,501 6.73%
    $75k-100k 215 $66,085,000 $307,372 $13,573 6.61%
    $50k-75k 188 $44,050,000 $234,309 $10,830 6.24%
    $150k-250k 164 $79,430,000 $484,329 $16,369 7.14%
    $250k+ 37 $18,785,000 $507,703 $13,610 7.44%
    $50k or less 35 $5,825,000 $166,429 $8,872 7.18%

    My Mortgage lent most frequently to those with incomes in the $100k-150k range, with 357 originations. The second most popular income band? $75k-100k, with 215 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 217 $80,505,000 $370,991 $17,375 6.47%
    30-36% 73 $26,105,000 $357,603 $12,118 6.90%
    49% 67 $23,045,000 $343,955 $12,958 6.83%
    48% 66 $26,800,000 $406,061 $15,403 7.03%
    47% 63 $20,945,000 $332,460 $13,414 6.16%
    46% 63 $20,765,000 $329,603 $12,595 6.42%
    44% 61 $21,465,000 $351,885 $12,629 6.64%
    45% 59 $21,905,000 $371,271 $13,108 6.90%
    41% 45 $16,085,000 $357,444 $12,156 6.95%
    43% 43 $14,165,000 $329,419 $10,689 6.39%
    42% 42 $16,090,000 $383,095 $12,884 6.69%
    20-30% 41 $12,355,000 $301,341 $10,159 7.29%
    39% 39 $13,265,000 $340,128 $11,230 6.83%
    40% 33 $10,965,000 $332,273 $13,852 6.68%
    38% 23 $9,915,000 $431,087 $15,202 6.79%
    37% 23 $6,935,000 $301,522 $10,741 7.21%
    36% 17 $4,555,000 $267,941 $9,056 6.99%
    <20% 7 $2,955,000 $422,143 $11,449 7.00%
    >60% 3 $1,885,000 $628,333 $21,398 6.96%

    My Mortgage lent most frequently to those with DTI ratios of 50-60%, with 217 originations. The next most common DTI ratio? 30-36%, with 73 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 827 $296,915,000 $359,027 $13,701 6.71%
    Black 92 $29,650,000 $322,283 $13,631 6.83%
    Not provided 70 $24,540,000 $350,571 $13,456 6.65%
    Asian 4 $1,470,000 $367,500 $14,984 6.53%
    American Indian 3 $1,215,000 $405,000 $14,260 7.12%

    Approval Rates

    Total approvals of all applications
    97.12%

    My Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    61.04%

    My 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 996 $353,790,000 $355,211

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    996 $353,790,000 $355,211

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $1,925,000 $175,000 $7,965 7.06%
    40-60% 32 $7,570,000 $236,563 $9,954 6.81%
    60-80% 189 $60,535,000 $320,291 $11,248 7.16%
    80-100% 708 $280,970,000 $396,850 $15,519 6.99%
    Over 100% 4 $1,740,000 $435,000 $24,108 7.25%
    Under 20% 52 $1,050,000 $20,192 $266 1.35%