My Mortgage Rates, Fees & Info
CROFTON, MDLEI: 549300NT030LXB2A8T82
Tax ID: 83-1304415
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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. They have a low ratio of USDA loans. Their top markets by origination volume include: Miami, Orlando, Tampa, Washington, and Baltimore among others. We have data for 68 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.15% | 12/16/24 |
| 30 Year Conventional Refi | 6.87% | 12/16/24 |
| 30 Year Cash-out Refi | 6.86% | 12/16/24 |
| 30 Year FHA Purchase | 7.65% | 12/16/24 |
| 30 Year FHA Refi | 7.46% | 12/16/24 |
| 30 Year VA Purchase | 6.52% | 12/16/24 |
| 30 Year VA Refi | 6.49% | 12/16/24 |
| 30 Year USDA Purchase | 6.79% | 12/16/24 |
| 15 Year Conventional Purchase | 5.38% | 12/16/24 |
| 15 Year Conventional Refi | 6.39% | 12/16/24 |
| 15 Year Cash-out Refi | 6.39% | 12/16/24 |
| 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. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,427Origination Dollar Volume (All Markets)
$476,025,000Top 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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 615 | $224,505,000 | $365,049 | $12,559 | 5.23% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 173 | $52,525,000 | $303,613 | $12,115 | 5.14% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 116 | $37,160,000 | $320,345 | $12,603 | 5.58% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 84 | $33,040,000 | $393,333 | $13,448 | 5.03% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 109 | $29,275,000 | $268,578 | $9,051 | 4.87% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 55 | $21,345,000 | $388,091 | $16,364 | 5.48% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 51 | $14,315,000 | $280,686 | $13,228 | 5.37% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 24 | $7,610,000 | $317,083 | $12,431 | 5.16% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 18 | $5,890,000 | $327,222 | $12,230 | 4.86% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 12 | $3,630,000 | $302,500 | $10,773 | 4.86% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 11 | $3,425,000 | $311,364 | $11,676 | 4.81% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 8 | $3,290,000 | $411,250 | $12,372 | 5.89% |
| OCALA, FL (FHA|USDA|VA) | 13 | $2,775,000 | $213,462 | $10,144 | 5.01% |
| Outside of Metro Areas | 8 | $2,680,000 | $335,000 | $8,974 | 5.06% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 6 | $1,850,000 | $308,333 | $6,957 | 4.60% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 6 | $1,720,000 | $286,667 | $11,867 | 5.25% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 7 | $1,685,000 | $240,714 | $9,571 | 4.45% |
| Key West, FL (FHA|USDA|VA) | 3 | $1,645,000 | $548,333 | $16,057 | 5.50% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 5 | $1,615,000 | $323,000 | $11,156 | 4.95% |
| RICHMOND, VA (FHA|USDA|VA) | 5 | $1,495,000 | $299,000 | $11,317 | 5.68% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 7 | $1,485,000 | $212,143 | $10,769 | 6.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $10,655 | 6.19% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 7 | $1,125,000 | $160,714 | $7,110 | 6.38% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 7 | $1,105,000 | $157,857 | $6,617 | 4.52% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $6,178 | 4.79% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $6,672 | 4.84% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $28,159 | 5.88% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $10,798 | 5.81% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $9,156 | 5.16% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $7,873 | 6.17% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $6,970 | 5.38% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $4,853 | 5.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $15,159 | 5.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $12,052 | 5.21% |
| FLINT, MI (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $9,709 | 4.81% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $6,916 | 5.16% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $8,350 | 4.75% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $7,850 | 4.75% |
| Clewiston, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $14,014 | 4.13% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $8,964 | 6.44% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $13,657 | 4.94% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $17,564 | 5.13% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $17,032 | 6.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $5,296 | 3.75% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,135 | 6.38% |
| Easton, MD (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $16,027 | 5.25% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $7,269 | 3.69% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $10,940 | 5.75% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,683 | 6.13% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $11,394 | 7.13% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,581 | 4.25% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,003 | 3.63% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,816 | 6.25% |
| Lake City, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,539 | 3.88% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $13,526 | 6.50% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,316 | 5.50% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,101 | 5.50% |
| DOVER, DE (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,971 | 7.63% |
| Moultrie, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,281 | 6.13% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,052 | 3.38% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $14,142 | 6.88% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,483 | 4.75% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,316 | 5.25% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,983 | 4.75% |
| Wilson, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,928 | 7.13% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,451 | 5.50% |
| Crossville, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,711 | 8.00% |
| READING, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,849 | 3.25% |
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.
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Product Mix
For 2022, My Mortgage's most frequently originated type of loan was Conventional, with 848 originations. Their 2nd most popular type was FHA, with 544 originations.
Loan Reason
For 2022, My Mortgage's most frequently cited loan purpose was Home Purchase, with 1,155 originations. The 2nd most popular reason was Refi, with 267 originations.
Loan Duration/Length
For 2022, My Mortgage's most frequently cited loan duration was 30 Year, with 1,387 originations. The 2nd most popular length was 15 Year, with 21 originations.
Origination Fees/Closing Costs
My Mortgage's average total fees were $12,264, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 784 originations.
Interest Rates
During 2022, My Mortgage's average interest rate for loans was 5.24%, while their most frequently originated rate bucket for loans was 5-6%, with 494 originations.
Loan Sizing
2022 saw My Mortgage place emphasis on $200k-400k loans with 806 originations, totaling $247,480,000 in origination value.
Applicant Income
My Mortgage lent most frequently to those with incomes in the $50k-75k range, with 398 originations. The second most popular income band? $75k-100k, with 372 originations.
Applicant Debt to Income Ratio
My Mortgage lent most frequently to those with DTI ratios of 50-60%, with 279 originations. The next most common DTI ratio? 30-36%, with 142 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.95%
My Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination60.41%
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 | 1,427 | $476,025,000 | $333,584 |