Milend Mortgage Rates, Fees & Info

Alpharetta, GA

LEI: 549300Q10M1VXBG2H889

Tax ID: 58-2200634

1 stars - Updated: 2/26/24 - out of 5 stars, based on 41 reviews

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

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Mortgage Data

Review & Overview

Milend is a smaller mortgage company specializing in Refi loans. Milend 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: Atlanta, Washington, Tampa, Miami, and Virginia Beach among others. We have data for 146 markets. (Some data included below & more in-depth data is available with an active subscription.)

Milend 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. Milend 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 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.

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 6.85% 2/26/24
30 Year Conventional Refi 6.91% 2/26/24
30 Year Cash-out Refi 6.27% 2/26/24
30 Year FHA Purchase 7.47% 2/26/24
30 Year FHA Refi 7.26% 2/26/24
30 Year VA Purchase 6.57% 2/26/24
30 Year VA Refi 6.71% 2/26/24
30 Year USDA Purchase 6.47% 2/26/24
15 Year Conventional Purchase 6.72% 2/26/24
15 Year Conventional Refi 6.68% 2/26/24
15 Year Cash-out Refi 6.68% 2/26/24
15 Year FHA Refi 7.24% 2/26/24
15 Year VA Refi 6.72% 2/26/24
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.

Milend Mortgage Calculator






Your Estimates

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

This is not an official calculator from Milend. 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

1,643

Origination Dollar Volume (All Markets)

$494,545,000

Awards

MILEND 30 Year Conventional Loans bronze MILEND FHA Loans silver
Show all (2) awards

Relative Rate

Milend'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%.

Relative Fees (Closing Costs)

Milend's average total fees/closing costs for a 30 year fixed rate mortgage were $11,715.

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 $4,750.

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
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 711 $219,095,000 $308,150 $10,792 4.91%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 81 $30,315,000 $374,259 $12,744 4.58%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 46 $16,060,000 $349,130 $13,038 5.02%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 34 $11,460,000 $337,059 $13,764 5.31%
Outside of Metro Areas 42 $11,120,000 $264,762 $10,048 4.81%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 40 $10,880,000 $272,000 $11,120 4.98%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 28 $9,600,000 $342,857 $13,591 5.03%
GAINESVILLE, GA (FHA|USDA|VA) 29 $9,235,000 $318,448 $9,479 4.76%
RICHMOND, VA (FHA|USDA|VA) 34 $9,070,000 $266,765 $11,438 4.92%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 24 $8,530,000 $355,417 $14,257 5.17%
JACKSONVILLE, FL (FHA|USDA|VA) 26 $8,370,000 $321,923 $14,883 5.01%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 24 $7,750,000 $322,917 $10,347 4.95%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 23 $7,315,000 $318,043 $16,211 5.34%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 21 $6,835,000 $325,476 $11,467 4.57%
PITTSBURGH, PA (FHA|USDA|VA) 20 $5,940,000 $297,000 $11,907 4.41%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 22 $5,500,000 $250,000 $8,112 4.60%
SAVANNAH, GA (FHA|USDA|VA) 17 $5,195,000 $305,588 $11,224 5.18%
HUNTSVILLE, AL (FHA|USDA|VA) 16 $5,140,000 $321,250 $14,064 5.86%
RALEIGH-CARY, NC (FHA|USDA|VA) 13 $4,705,000 $361,923 $9,336 4.53%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 15 $4,565,000 $304,333 $13,800 4.87%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 14 $4,380,000 $312,857 $12,581 5.66%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 8 $3,670,000 $458,750 $9,296 4.44%
KNOXVILLE, TN (FHA|USDA|VA) 14 $3,630,000 $259,286 $11,282 5.61%
Jefferson, GA (FHA|USDA|VA) 11 $3,245,000 $295,000 $10,684 4.60%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 12 $2,630,000 $219,167 $10,373 5.59%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 10 $2,370,000 $237,000 $8,243 5.26%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 8 $2,350,000 $293,750 $15,344 5.22%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 8 $2,350,000 $293,750 $12,890 4.80%
WARNER ROBINS, GA (FHA|USDA|VA) 11 $2,255,000 $205,000 $7,298 5.56%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 7 $1,995,000 $285,000 $12,620 5.66%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 7 $1,965,000 $280,714 $13,667 5.20%
PORT ST. LUCIE, FL (FHA|USDA|VA) 7 $1,945,000 $277,857 $9,329 4.39%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 8 $1,920,000 $240,000 $10,620 4.92%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 8 $1,840,000 $230,000 $9,896 5.27%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 6 $1,790,000 $298,333 $13,954 4.73%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 5 $1,675,000 $335,000 $8,270 4.72%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 6 $1,620,000 $270,000 $10,539 4.67%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $1,515,000 $303,000 $12,895 5.38%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 6 $1,390,000 $231,667 $12,223 5.65%
THE VILLAGES, FL (FHA|USDA|VA) 4 $1,360,000 $340,000 $11,401 5.13%
OCALA, FL (FHA|USDA|VA) 5 $1,335,000 $267,000 $13,379 6.08%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,325,000 $265,000 $9,597 4.92%
WILMINGTON, NC (FHA|USDA|VA) 5 $1,285,000 $257,000 $9,920 5.15%
COLUMBUS, GA-AL (FHA|USDA|VA) 7 $1,285,000 $183,571 $6,455 5.32%
Sevierville, TN (FHA|USDA|VA) 4 $1,200,000 $300,000 $13,411 4.97%
READING, PA (FHA|USDA|VA) 6 $1,190,000 $198,333 $10,156 6.13%
STAUNTON, VA (FHA|USDA|VA) 4 $1,170,000 $292,500 $13,281 5.53%
ALBANY, GA (FHA|USDA|VA) 5 $1,145,000 $229,000 $11,196 5.10%
St. Marys, GA (FHA|USDA|VA) 4 $1,100,000 $275,000 $6,858 4.84%
YORK-HANOVER, PA (FHA|USDA|VA) 4 $1,070,000 $267,500 $5,513 4.19%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 3 $1,045,000 $348,333 $18,504 5.25%
BURLINGTON, NC (FHA|USDA|VA) 4 $1,040,000 $260,000 $7,224 4.38%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 5 $1,005,000 $201,000 $8,471 4.63%
Talladega-Sylacauga, AL (FHA|USDA|VA) 4 $1,000,000 $250,000 $12,202 5.59%
FAYETTEVILLE, NC (FHA|USDA|VA) 3 $975,000 $325,000 $15,785 6.00%
PANAMA CITY, FL (FHA|USDA|VA) 3 $955,000 $318,333 $14,614 5.42%
MONTGOMERY, AL (FHA|USDA|VA) 4 $950,000 $237,500 $14,027 5.81%
DALTON, GA (FHA|USDA|VA) 3 $945,000 $315,000 $15,385 5.75%
WINSTON-SALEM, NC (FHA|USDA|VA) 4 $920,000 $230,000 $7,939 4.81%
PUNTA GORDA, FL (FHA|USDA|VA) 4 $910,000 $227,500 $8,445 4.56%
ST. CLOUD, MN (FHA|USDA|VA) 4 $910,000 $227,500 $8,140 4.75%
ROCHESTER, MN (FHA|USDA|VA) 3 $865,000 $288,333 $7,722 4.50%
TUSCALOOSA, AL (FHA|USDA|VA) 3 $855,000 $285,000 $9,436 5.33%
MORRISTOWN, TN (FHA|USDA|VA) 4 $810,000 $202,500 $8,313 4.97%
Calhoun, GA (FHA|USDA|VA) 3 $775,000 $258,333 $9,514 5.04%
LANCASTER, PA (FHA|USDA|VA) 3 $745,000 $248,333 $10,825 4.29%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 2 $710,000 $355,000 $15,461 5.31%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $710,000 $355,000 $11,653 5.18%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $680,000 $340,000 $13,826 4.94%
ROME, GA (FHA|USDA|VA) 3 $665,000 $221,667 $10,679 5.38%
TALLAHASSEE, FL (FHA|USDA|VA) 3 $665,000 $221,667 $10,506 4.79%
ROANOKE, VA (FHA|USDA|VA) 3 $645,000 $215,000 $8,967 5.83%
Owatonna, MN (FHA|USDA|VA) 3 $615,000 $205,000 $8,853 5.29%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $610,000 $305,000 $14,007 4.50%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $595,000 $595,000 $10,332 4.25%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $570,000 $285,000 $13,845 6.38%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $560,000 $280,000 $9,774 3.62%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 2 $530,000 $265,000 $9,515 4.06%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $530,000 $265,000 $8,879 4.56%
Milledgeville, GA (FHA|USDA|VA) 1 $505,000 $505,000 $16,154 2.75%
MOBILE, AL (FHA|USDA|VA) 2 $470,000 $235,000 $8,077 5.19%
DOTHAN, AL (FHA|USDA|VA) 2 $450,000 $225,000 $9,983 5.19%
Cedartown, GA (FHA|USDA|VA) 3 $445,000 $148,333 $7,170 4.58%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $425,000 $425,000 $3,795 4.75%
LYNCHBURG, VA (FHA|USDA|VA) 2 $400,000 $200,000 $9,848 4.44%
CLEVELAND, TN (FHA|USDA|VA) 2 $390,000 $195,000 $13,053 6.19%
VALDOSTA, GA (FHA|USDA|VA) 2 $390,000 $195,000 $13,609 6.13%
Boone, NC (FHA|USDA|VA) 1 $365,000 $365,000 $7,302 3.88%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 2 $350,000 $175,000 $7,732 6.63%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $350,000 $175,000 $6,376 4.87%
ASHEVILLE, NC (FHA|USDA|VA) 1 $345,000 $345,000 $14,030 4.38%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $335,000 $335,000 $18,473 4.25%
Moultrie, GA (FHA|USDA|VA) 1 $335,000 $335,000 $14,297 7.25%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $325,000 $325,000 $9,973 5.75%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $325,000 $325,000 $7,412 4.25%
Alexander City, AL (FHA|USDA|VA) 1 $325,000 $325,000 $15,413 3.25%
Toccoa, GA (FHA|USDA|VA) 1 $295,000 $295,000 $16,105 6.25%
MANKATO, MN (FHA|USDA|VA) 1 $285,000 $285,000 $6,301 4.38%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $275,000 $275,000 $4,826 3.88%
Thomasville, GA (FHA|USDA|VA) 1 $275,000 $275,000 $14,898 5.25%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $275,000 $275,000 $8,907 5.13%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $265,000 $265,000 $10,662 6.63%
Austin, MN (FHA|USDA|VA) 1 $265,000 $265,000 $8,506 3.75%
Albemarle, NC (FHA|USDA|VA) 1 $255,000 $255,000 $10,477 3.13%
Dublin, GA (FHA|USDA|VA) 1 $255,000 $255,000 $9,068 5.63%
Washington, NC (FHA|USDA|VA) 1 $255,000 $255,000 $4,136 5.38%
Seneca, SC (FHA|USDA|VA) 1 $255,000 $255,000 $6,141 6.50%
Lawrenceburg, TN (FHA|USDA|VA) 1 $255,000 $255,000 $18,163 5.13%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $255,000 $255,000 $16,452 5.25%
Sanford, NC (FHA|USDA|VA) 1 $245,000 $245,000 $3,162 4.50%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $245,000 $245,000 $7,367 4.38%
Newport, TN (FHA|USDA|VA) 1 $245,000 $245,000 $10,554 6.00%
LaGrange, GA-AL (FHA|USDA|VA) 1 $245,000 $245,000 $14,939 4.75%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $245,000 $245,000 $6,855 3.99%
Shelby, NC (FHA|USDA|VA) 1 $245,000 $245,000 $9,210 4.75%
Morehead City, NC (FHA|USDA|VA) 1 $235,000 $235,000 $4,948 3.63%
Selma, AL (FHA|USDA|VA) 1 $225,000 $225,000 $13,877 6.13%
North Wilkesboro, NC (FHA|USDA|VA) 1 $225,000 $225,000 $6,163 3.75%
GAINESVILLE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $7,898 7.13%
Lake City, FL (FHA|USDA|VA) 1 $225,000 $225,000 $8,507 5.25%
COLUMBIA, SC (FHA|USDA|VA) 1 $225,000 $225,000 $5,495 2.63%
Cookeville, TN (FHA|USDA|VA) 1 $215,000 $215,000 $6,819 6.50%
Martinsville, VA (FHA|USDA|VA) 1 $215,000 $215,000 $7,637 5.75%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $215,000 $215,000 $9,229 5.88%
DECATUR, AL (FHA|USDA|VA) 1 $215,000 $215,000 $8,866 3.75%
Brainerd, MN (FHA|USDA|VA) 1 $215,000 $215,000 $5,272 3.99%
BRUNSWICK, GA (FHA|USDA|VA) 1 $205,000 $205,000 $9,900 4.63%
Tifton, GA (FHA|USDA|VA) 1 $205,000 $205,000 $11,202 4.13%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $195,000 $195,000 $9,172 6.75%
Jesup, GA (FHA|USDA|VA) 1 $195,000 $195,000 $7,426 4.88%
New Castle, PA (FHA|USDA|VA) 1 $195,000 $195,000 $10,028 6.63%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $195,000 $195,000 $9,251 5.63%
Huntingdon, PA (FHA|USDA|VA) 1 $185,000 $185,000 $13,348 6.75%
New Ulm, MN (FHA|USDA|VA) 1 $175,000 $175,000 $9,974 3.25%
HINESVILLE, GA (FHA|USDA|VA) 1 $165,000 $165,000 $10,524 5.63%
Cornelia, GA (FHA|USDA|VA) 1 $165,000 $165,000 $7,625 5.50%
ERIE, PA (FHA|USDA|VA) 1 $155,000 $155,000 $11,245 6.63%
Thomaston, GA (FHA|USDA|VA) 1 $145,000 $145,000 $6,092 5.38%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $145,000 $145,000 $7,687 4.49%
SPARTANBURG, SC (FHA|USDA|VA) 1 $135,000 $135,000 $8,759 6.50%
Sunbury, PA (FHA|USDA|VA) 1 $135,000 $135,000 $10,503 6.13%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 2 $130,000 $65,000 $2,860 6.50%
ALTOONA, PA (FHA|USDA|VA) 1 $115,000 $115,000 $6,469 5.99%
Vidalia, GA (FHA|USDA|VA) 1 $115,000 $115,000 $5,200 5.63%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $115,000 $115,000 $7,231 5.63%
DULUTH, MN-WI (FHA|USDA|VA) 1 $105,000 $105,000 $4,751 4.50%
Milend's top markets include Atlanta, Washington, Tampa, Miami, and Virginia Beach among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 921 $275,235,000 $298,844 $8,439 4.80%
    FHA 533 $153,395,000 $287,795 $15,007 5.14%
    VA 188 $65,660,000 $349,255 $13,834 5.30%
    USDA 1 $255,000 $255,000 $14,486 4.25%

    For 2022, Milend's most frequently originated type of loan was Conventional, with 921 originations. Their 2nd most popular type was FHA, with 533 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,380 $401,640,000 $291,043 $11,397 4.92%
    Home Purchase 263 $92,905,000 $353,251 $10,109 5.22%

    For 2022, Milend's most frequently cited loan purpose was Refi, with 1,380 originations. The 2nd most popular reason was Home Purchase, with 263 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,474 $458,480,000 $311,045 $11,715 4.98%
    20 Year 101 $18,385,000 $182,030 $5,533 5.29%
    15 Year 50 $14,010,000 $280,200 $8,115 3.96%
    Other 13 $2,555,000 $196,538 $9,286 4.85%
    10 Year 5 $1,115,000 $223,000 $6,760 3.53%

    For 2022, Milend's most frequently cited loan duration was 30 Year, with 1,474 originations. The 2nd most popular length was 20 Year, with 101 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,123 $374,495,000 $333,477
    $4k-5k 201 $49,905,000 $248,284
    $3k-4k 165 $35,785,000 $216,879
    $1k-2k 69 $18,565,000 $269,058
    $2k-3k 46 $9,590,000 $208,478
    $<1k 39 $6,205,000 $159,103

    Milend's average total fees were $11,715, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,123 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 523 $159,875,000 $305,688
    4-5% 420 $132,340,000 $315,095
    3-4% 377 $113,145,000 $300,119
    6-7% 244 $66,120,000 $270,984
    2.5-3% 41 $13,185,000 $321,585
    7-8% 31 $8,455,000 $272,742
    <2.5% 4 $790,000 $197,500
    Over 8% 3 $635,000 $211,667

    During 2022, Milend's average interest rate for loans was 4.98%, while their most frequently originated rate bucket for loans was 5-6%, with 523 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,076 $310,150,000 $288,243 $11,388 4.91%
    $400k-600k 240 $111,530,000 $464,708 $14,718 4.90%
    $100k-200k 231 $37,295,000 $161,450 $7,072 5.05%
    $100,000 or less 48 $3,100,000 $64,583 $2,015 6.04%
    $600k-1MM 47 $31,175,000 $663,298 $17,896 4.88%
    $1MM+ 1 $1,295,000 $1,295,000 $29,338 4.38%

    2022 saw Milend place emphasis on $200k-400k loans with 1,076 originations, totaling $310,150,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 490 $157,570,000 $321,571 $11,622 5.05%
    $50k-75k 389 $96,075,000 $246,979 $10,375 4.87%
    $75k-100k 371 $106,815,000 $287,911 $11,514 4.99%
    $150k-250k 227 $91,385,000 $402,577 $12,568 5.06%
    $50k or less 117 $22,075,000 $188,675 $8,228 4.71%
    $250k+ 45 $19,555,000 $434,556 $11,438 4.79%

    Milend lent most frequently to those with incomes in the $100k-150k range, with 490 originations. The second most popular income band? $50k-75k, with 389 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 322 $98,070,000 $304,565 $14,866 5.30%
    30-36% 199 $61,435,000 $308,719 $9,813 4.91%
    20-30% 141 $42,165,000 $299,043 $8,596 4.56%
    44% 138 $40,690,000 $294,855 $10,375 5.04%
    43% 103 $29,845,000 $289,757 $10,211 4.92%
    42% 87 $27,335,000 $314,195 $10,280 4.92%
    41% 81 $24,135,000 $297,963 $9,383 4.92%
    39% 79 $23,695,000 $299,937 $9,814 4.73%
    49% 72 $22,290,000 $309,583 $12,402 4.99%
    45% 64 $19,280,000 $301,250 $11,787 4.94%
    40% 63 $20,635,000 $327,540 $11,078 5.10%
    38% 56 $14,840,000 $265,000 $8,372 5.12%
    47% 49 $15,625,000 $318,878 $12,872 4.94%
    37% 45 $11,935,000 $265,222 $9,459 4.99%
    48% 45 $13,955,000 $310,111 $13,652 4.98%
    36% 36 $9,930,000 $275,833 $9,900 4.67%
    <20% 29 $7,575,000 $261,207 $7,542 4.24%
    46% 28 $8,920,000 $318,571 $13,671 4.72%
    >60% 6 $2,190,000 $365,000 $13,164 5.04%

    Milend lent most frequently to those with DTI ratios of 50-60%, with 322 originations. The next most common DTI ratio? 30-36%, with 199 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,090 $333,860,000 $306,294 $10,942 4.87%
    Black 358 $103,720,000 $289,721 $11,911 5.12%
    Not provided 151 $43,625,000 $288,907 $11,786 5.26%
    Asian 40 $12,250,000 $306,250 $9,329 5.16%
    American Indian 4 $1,090,000 $272,500 $10,596 5.15%

    Approval Rates

    Total approvals of all applications
    90.96%

    Milend has an average approval rate.

    Pick Rate

    Approvals leading to origination
    -3.65%

    Milend 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 1,643 $494,545,000 $301,001

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,643 $494,545,000 $301,001

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 53 $7,525,000 $141,981 $4,564 5.47%
    40-60% 159 $40,275,000 $253,302 $8,567 4.66%
    60-80% 788 $238,730,000 $302,957 $11,114 4.87%
    80-100% 611 $205,205,000 $335,851 $12,981 5.06%
    Over 100% 4 $1,270,000 $317,500 $13,843 4.34%
    Under 20% 28 $1,540,000 $55,000 $1,368 6.37%