Manhattan Financial Group Mortgage Rates, Fees & Info
REDLANDS, CALEI: 549300P6LWTHH4GFWX19
Tax ID: 20-2389773
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Mortgage Data
Review & Overview
Manhattan Financial Group is a smaller mortgage company specializing in Home Purchase loans. Manhattan Financial Group has a high proportion of conventional loans.Manhattan Financial Group has an above average approval rate when compared to the average across all lenders. Manhattan Financial Group 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.
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Originations
1Origination Dollar Volume (All Markets)
$635,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 1 | $635,000 | $635,000 | $17,937 | 9.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against MANHATTAN FINANCIAL GROUP 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 |
|---|---|---|---|---|---|
| Conventional | 1 | $635,000 | $635,000 | $17,937 | 9.00% |
For 2023, Manhattan Financial Group's most frequently originated type of loan was Conventional, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 1 | $635,000 | $635,000 | $17,937 | 9.00% |
For 2023, Manhattan Financial Group's most frequently cited loan purpose was Home Purchase, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1 | $635,000 | $635,000 | $17,937 | 9.00% |
For 2023, Manhattan Financial Group's most frequently cited loan duration was 30 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 1 | $635,000 | $635,000 |
Manhattan Financial Group's average total fees were $17,937, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 1 | $635,000 | $635,000 |
During 2023, Manhattan Financial Group's average interest rate for loans was 9.00%, while their most frequently originated rate bucket for loans was Over 8%, with 1 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $600k-1MM | 1 | $635,000 | $635,000 | $17,937 | 9.00% |
2023 saw Manhattan Financial Group place emphasis on $600k-1MM loans with 1 originations, totaling $635,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 1 | $635,000 | $635,000 | $17,937 | 9.00% |
Manhattan Financial Group lent most frequently to those with incomes in the $150k-250k range, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 38% | 1 | $635,000 | $635,000 | $17,937 | 9.00% |
Manhattan Financial Group lent most frequently to those with DTI ratios of 38%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1 | $635,000 | $635,000 | $17,937 | 9.00% |
Approval Rates
Total approvals of all applications100.00%
Manhattan Financial Group has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1 | $635,000 | $635,000 |