Milend Mortgage Rates, Fees & Info

Alpharetta, GA

LEI: 549300Q10M1VXBG2H889

Tax ID: 58-2200634

1 stars - Updated: 4/5/25 - out of 5 stars, based on 38 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Milend is a smaller mortgage company specializing in Refi loans. They have a a high proportion of FHA loans. Milend has an average proportion of conventional loans. Their top markets by origination volume include: Atlanta, Charlotte, Washington, Virginia Beach, and Philadelphia among others. We have data for 205 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 7.05% 4/5/25
    30 Year Conventional Refi 7.04% 4/5/25
    30 Year FHA Purchase 7.18% 4/5/25
    30 Year FHA Refi 7.20% 4/5/25
    30 Year VA Purchase 6.89% 4/5/25
    30 Year VA Refi 6.88% 4/5/25
    15 Year Conventional Purchase 6.33% 4/5/25
    15 Year Conventional Refi 6.42% 4/5/25
    15 Year Cash-out Refi 6.42% 4/5/25
    15 Year FHA Refi 7.33% 4/5/25
    15 Year VA Refi 7.02% 4/5/25
    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

    1,414

    Origination Dollar Volume (All Markets)

    $386,630,000

    Awards

    MILEND FHA Loans silver MILEND FHA Loans bronze
    Show all (2) awards

    Relative Rate

    Milend's average 30 year fixed mortgage rate was 6.47%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.08%.

    Relative Fees (Closing Costs)

    Milend's average total fees/closing costs for a 30 year fixed rate mortgage were $14,431.

    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 $8,356.

    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) 351 $116,795,000 $332,749 $15,217 6.46%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 48 $13,200,000 $275,000 $14,169 6.58%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 27 $11,865,000 $439,444 $20,924 6.24%
    Outside of Metro Areas 47 $11,195,000 $238,191 $12,427 6.61%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 41 $11,105,000 $270,854 $14,959 6.45%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 34 $9,730,000 $286,176 $16,649 6.44%
    RICHMOND, VA (FHA|USDA|VA) 34 $8,580,000 $252,353 $14,060 6.31%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 23 $6,815,000 $296,304 $15,260 6.37%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 22 $6,710,000 $305,000 $16,750 6.41%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 17 $6,515,000 $383,235 $16,509 6.36%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 28 $6,100,000 $217,857 $12,879 6.40%
    JACKSONVILLE, FL (FHA|USDA|VA) 22 $5,950,000 $270,455 $15,981 6.52%
    RALEIGH-CARY, NC (FHA|USDA|VA) 16 $5,700,000 $356,250 $18,107 6.33%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 16 $5,280,000 $330,000 $17,283 6.49%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 17 $4,585,000 $269,706 $16,396 6.46%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 17 $4,275,000 $251,471 $13,772 6.40%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 18 $4,200,000 $233,333 $13,481 6.44%
    HUNTSVILLE, AL (FHA|USDA|VA) 16 $3,990,000 $249,375 $15,196 6.41%
    SAVANNAH, GA (FHA|USDA|VA) 13 $3,975,000 $305,769 $14,500 6.34%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 13 $3,885,000 $298,846 $13,024 6.58%
    PITTSBURGH, PA (FHA|USDA|VA) 17 $3,815,000 $224,412 $13,622 6.51%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 17 $3,795,000 $223,235 $14,859 6.60%
    KNOXVILLE, TN (FHA|USDA|VA) 14 $3,400,000 $242,857 $14,885 6.47%
    GAINESVILLE, GA (FHA|USDA|VA) 8 $3,030,000 $378,750 $11,664 6.47%
    COLUMBUS, OH (FHA|USDA|VA) 14 $2,750,000 $196,429 $12,619 6.76%
    WINSTON-SALEM, NC (FHA|USDA|VA) 12 $2,490,000 $207,500 $10,770 6.77%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 14 $2,470,000 $176,429 $9,953 6.83%
    MOBILE, AL (FHA|USDA|VA) 11 $2,465,000 $224,091 $11,979 6.54%
    WORCESTER, MA-CT (FHA|USDA|VA) 7 $2,365,000 $337,857 $18,110 6.23%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 6 $2,350,000 $391,667 $15,682 6.27%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 7 $2,305,000 $329,286 $14,506 6.55%
    FAYETTEVILLE, NC (FHA|USDA|VA) 10 $2,280,000 $228,000 $11,875 6.49%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 11 $2,165,000 $196,818 $10,213 6.48%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 10 $2,140,000 $214,000 $13,648 6.25%
    WARNER ROBINS, GA (FHA|USDA|VA) 10 $2,130,000 $213,000 $10,774 6.72%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 6 $2,040,000 $340,000 $15,761 6.15%
    Jefferson, GA (FHA|USDA|VA) 5 $1,975,000 $395,000 $11,939 6.80%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 6 $1,890,000 $315,000 $15,596 6.23%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 8 $1,850,000 $231,250 $12,571 6.48%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 8 $1,840,000 $230,000 $13,456 6.52%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 9 $1,775,000 $197,222 $11,954 6.40%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 8 $1,750,000 $218,750 $13,173 6.48%
    ROME, GA (FHA|USDA|VA) 4 $1,740,000 $435,000 $24,149 6.25%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 7 $1,685,000 $240,714 $16,177 6.30%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 8 $1,650,000 $206,250 $13,804 6.31%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 8 $1,610,000 $201,250 $10,971 6.44%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 4 $1,560,000 $390,000 $16,904 6.72%
    COLUMBUS, GA-AL (FHA|USDA|VA) 7 $1,425,000 $203,571 $11,176 6.30%
    ASHEVILLE, NC (FHA|USDA|VA) 5 $1,415,000 $283,000 $16,140 6.20%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 5 $1,395,000 $279,000 $12,576 6.92%
    WINCHESTER, VA-WV (FHA|USDA|VA) 5 $1,395,000 $279,000 $15,397 6.47%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 5 $1,355,000 $271,000 $14,638 6.15%
    READING, PA (FHA|USDA|VA) 6 $1,330,000 $221,667 $12,989 6.48%
    ROANOKE, VA (FHA|USDA|VA) 6 $1,320,000 $220,000 $10,653 6.48%
    YORK-HANOVER, PA (FHA|USDA|VA) 5 $1,305,000 $261,000 $13,437 6.28%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 4 $1,270,000 $317,500 $15,186 6.63%
    LYNCHBURG, VA (FHA|USDA|VA) 6 $1,240,000 $206,667 $13,058 6.44%
    LaGrange, GA-AL (FHA|USDA|VA) 6 $1,240,000 $206,667 $12,093 6.58%
    SPRINGFIELD, MA (FHA|USDA|VA) 4 $1,170,000 $292,500 $15,446 6.68%
    LANCASTER, PA (FHA|USDA|VA) 4 $1,160,000 $290,000 $16,540 6.78%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 6 $1,160,000 $193,333 $12,502 6.63%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $1,155,000 $385,000 $22,016 6.25%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 6 $1,140,000 $190,000 $10,848 6.39%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $1,135,000 $227,000 $13,908 5.78%
    COLUMBIA, SC (FHA|USDA|VA) 5 $1,125,000 $225,000 $14,270 6.38%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 4 $1,120,000 $280,000 $16,007 6.31%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 4 $990,000 $247,500 $13,761 6.15%
    TUSCALOOSA, AL (FHA|USDA|VA) 5 $915,000 $183,000 $10,687 6.68%
    JACKSON, TN (FHA|USDA|VA) 5 $915,000 $183,000 $11,447 6.63%
    MORRISTOWN, TN (FHA|USDA|VA) 5 $915,000 $183,000 $9,635 6.65%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 4 $910,000 $227,500 $14,549 7.03%
    Calhoun, GA (FHA|USDA|VA) 3 $905,000 $301,667 $15,556 6.17%
    TALLAHASSEE, FL (FHA|USDA|VA) 4 $900,000 $225,000 $14,588 6.50%
    SPARTANBURG, SC (FHA|USDA|VA) 4 $840,000 $210,000 $11,608 6.72%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $820,000 $205,000 $15,260 6.47%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 3 $815,000 $271,667 $12,158 6.62%
    ROCKY MOUNT, NC (FHA|USDA|VA) 5 $805,000 $161,000 $9,063 6.85%
    MONTGOMERY, AL (FHA|USDA|VA) 4 $770,000 $192,500 $13,613 6.44%
    HARRISONBURG, VA (FHA|USDA|VA) 3 $745,000 $248,333 $14,782 6.50%
    Danville, VA (FHA|USDA|VA) 5 $735,000 $147,000 $9,164 7.03%
    Crossville, TN (FHA|USDA|VA) 2 $730,000 $365,000 $14,363 7.00%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $730,000 $182,500 $11,519 6.75%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 3 $715,000 $238,333 $12,243 6.63%
    HINESVILLE, GA (FHA|USDA|VA) 3 $685,000 $228,333 $15,479 6.71%
    Waycross, GA (FHA|USDA|VA) 3 $675,000 $225,000 $11,161 6.83%
    OCALA, FL (FHA|USDA|VA) 3 $665,000 $221,667 $13,486 6.67%
    JOHNSON CITY, TN (FHA|USDA|VA) 4 $660,000 $165,000 $10,231 6.38%
    FLINT, MI (FHA|USDA|VA) 3 $655,000 $218,333 $14,596 6.21%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $625,000 $208,333 $15,549 6.25%
    ST. CLOUD, MN (FHA|USDA|VA) 3 $605,000 $201,667 $12,999 6.29%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $585,000 $195,000 $12,986 6.67%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $570,000 $285,000 $21,235 6.06%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $565,000 $565,000 $42,990 6.75%
    GAINESVILLE, FL (FHA|USDA|VA) 3 $565,000 $188,333 $14,103 6.33%
    ALBANY, GA (FHA|USDA|VA) 4 $560,000 $140,000 $9,774 6.75%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $525,000 $525,000 $24,081 6.99%
    Albertville, AL (FHA|USDA|VA) 3 $525,000 $175,000 $10,111 6.33%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $525,000 $175,000 $10,778 6.50%
    ALTOONA, PA (FHA|USDA|VA) 2 $520,000 $260,000 $15,680 5.94%
    Wooster, OH (FHA|USDA|VA) 2 $520,000 $260,000 $18,517 6.38%
    NILES, MI (FHA|USDA|VA) 2 $510,000 $255,000 $16,493 6.19%
    DALTON, GA (FHA|USDA|VA) 2 $510,000 $255,000 $16,688 6.25%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $480,000 $240,000 $11,541 6.75%
    GADSDEN, AL (FHA|USDA|VA) 3 $475,000 $158,333 $10,322 6.67%
    VALDOSTA, GA (FHA|USDA|VA) 2 $470,000 $235,000 $13,344 6.13%
    Shelby, NC (FHA|USDA|VA) 2 $470,000 $235,000 $11,958 6.75%
    Cornelia, GA (FHA|USDA|VA) 2 $470,000 $235,000 $17,210 6.25%
    Washington, NC (FHA|USDA|VA) 3 $465,000 $155,000 $9,923 6.04%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $455,000 $455,000 $27,931 6.63%
    GREENVILLE, NC (FHA|USDA|VA) 2 $450,000 $225,000 $10,695 6.88%
    DECATUR, AL (FHA|USDA|VA) 2 $430,000 $215,000 $10,749 6.88%
    FLORENCE, SC (FHA|USDA|VA) 2 $420,000 $210,000 $9,653 6.06%
    BRUNSWICK, GA (FHA|USDA|VA) 2 $410,000 $205,000 $13,128 6.44%
    GOLDSBORO, NC (FHA|USDA|VA) 2 $400,000 $200,000 $12,039 6.81%
    St. Marys, GA (FHA|USDA|VA) 2 $400,000 $200,000 $14,066 6.25%
    MIDLAND, MI (FHA|USDA|VA) 2 $390,000 $195,000 $9,831 6.19%
    SUMTER, SC (FHA|USDA|VA) 2 $380,000 $190,000 $7,666 6.38%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 2 $380,000 $190,000 $7,424 6.88%
    Brainerd, MN (FHA|USDA|VA) 2 $360,000 $180,000 $9,433 6.38%
    JOHNSTOWN, PA (FHA|USDA|VA) 1 $355,000 $355,000 $24,209 6.13%
    KOKOMO, IN (FHA|USDA|VA) 2 $350,000 $175,000 $9,137 6.44%
    Brevard, NC (FHA|USDA|VA) 2 $350,000 $175,000 $8,831 7.06%
    AKRON, OH (FHA|USDA|VA) 2 $340,000 $170,000 $12,668 6.37%
    Fort Payne, AL (FHA|USDA|VA) 2 $340,000 $170,000 $10,796 6.81%
    Gaffney, SC (FHA|USDA|VA) 2 $340,000 $170,000 $10,525 6.31%
    Mount Pleasant, MI (FHA|USDA|VA) 2 $340,000 $170,000 $11,527 6.38%
    Sanford, NC (FHA|USDA|VA) 2 $340,000 $170,000 $10,968 6.88%
    Douglas, GA (FHA|USDA|VA) 2 $330,000 $165,000 $12,286 6.44%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $325,000 $325,000 $19,727 5.63%
    COLUMBUS, IN (FHA|USDA|VA) 1 $315,000 $315,000 $14,056 4.50%
    Mount Airy, NC (FHA|USDA|VA) 2 $290,000 $145,000 $8,236 6.62%
    Greeneville, TN (FHA|USDA|VA) 1 $285,000 $285,000 $6,642 6.99%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $285,000 $285,000 $18,505 5.99%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $285,000 $285,000 $13,980 6.25%
    DOTHAN, AL (FHA|USDA|VA) 2 $280,000 $140,000 $9,756 6.44%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $275,000 $275,000 $11,564 5.88%
    Sunbury, PA (FHA|USDA|VA) 1 $265,000 $265,000 $21,983 7.25%
    Marquette, MI (FHA|USDA|VA) 1 $265,000 $265,000 $20,650 6.49%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $255,000 $255,000 $18,730 6.25%
    Winona, MN (FHA|USDA|VA) 1 $255,000 $255,000 $12,404 5.75%
    Huntingdon, PA (FHA|USDA|VA) 1 $255,000 $255,000 $12,862 6.25%
    LEBANON, PA (FHA|USDA|VA) 1 $245,000 $245,000 $16,566 6.25%
    New Castle, IN (FHA|USDA|VA) 1 $245,000 $245,000 $15,932 5.75%
    Georgetown, SC (FHA|USDA|VA) 1 $245,000 $245,000 $17,836 5.88%
    Sayre, PA (FHA|USDA|VA) 1 $235,000 $235,000 $18,379 5.99%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $235,000 $235,000 $15,377 6.50%
    STAUNTON, VA (FHA|USDA|VA) 1 $225,000 $225,000 $18,406 6.25%
    Statesboro, GA (FHA|USDA|VA) 1 $225,000 $225,000 $14,892 5.75%
    Cullman, AL (FHA|USDA|VA) 1 $225,000 $225,000 $12,954 6.63%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $225,000 $225,000 $9,693 6.25%
    Kinston, NC (FHA|USDA|VA) 1 $225,000 $225,000 $14,830 6.25%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $215,000 $215,000 $14,298 6.99%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $215,000 $215,000 $12,372 6.99%
    Warsaw, IN (FHA|USDA|VA) 1 $215,000 $215,000 $15,588 5.75%
    MONROE, MI (FHA|USDA|VA) 1 $215,000 $215,000 $9,762 7.25%
    Jesup, GA (FHA|USDA|VA) 1 $215,000 $215,000 $11,322 6.62%
    Adrian, MI (FHA|USDA|VA) 1 $205,000 $205,000 $11,944 6.75%
    Norwalk, OH (FHA|USDA|VA) 1 $205,000 $205,000 $10,453 6.75%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $205,000 $205,000 $13,033 6.25%
    Findlay, OH (FHA|USDA|VA) 1 $205,000 $205,000 $14,662 5.75%
    Wauchula, FL (FHA|USDA|VA) 1 $205,000 $205,000 $14,366 5.99%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $205,000 $205,000 $11,334 6.63%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $205,000 $205,000 $16,847 6.75%
    Holland, MI (FHA|USDA|VA) 1 $205,000 $205,000 $14,451 6.75%
    Lumberton, NC (FHA|USDA|VA) 1 $195,000 $195,000 $12,506 5.75%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $195,000 $195,000 $12,080 6.75%
    Palatka, FL (FHA|USDA|VA) 1 $185,000 $185,000 $12,835 7.13%
    Sandusky, OH (FHA|USDA|VA) 1 $185,000 $185,000 $14,162 6.50%
    Dublin, GA (FHA|USDA|VA) 1 $185,000 $185,000 $12,188 6.75%
    CLEVELAND, TN (FHA|USDA|VA) 1 $185,000 $185,000 $12,696 6.13%
    Americus, GA (FHA|USDA|VA) 1 $185,000 $185,000 $10,650 7.13%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $185,000 $185,000 $12,912 6.63%
    NEW BERN, NC (FHA|USDA|VA) 1 $185,000 $185,000 $10,174 5.99%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $185,000 $185,000 $14,018 6.50%
    Cambridge, OH (FHA|USDA|VA) 1 $185,000 $185,000 $15,275 7.13%
    ERIE, PA (FHA|USDA|VA) 1 $185,000 $185,000 $14,735 5.63%
    Seneca, SC (FHA|USDA|VA) 1 $185,000 $185,000 $13,185 6.50%
    Tifton, GA (FHA|USDA|VA) 1 $185,000 $185,000 $9,526 6.25%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $175,000 $175,000 $11,194 6.50%
    Thomaston, GA (FHA|USDA|VA) 1 $175,000 $175,000 $5,560 7.13%
    New Castle, PA (FHA|USDA|VA) 1 $175,000 $175,000 $11,357 5.75%
    Bluefield, WV-VA (FHA|USDA|VA) 1 $175,000 $175,000 $9,363 6.63%
    McMinnville, TN (FHA|USDA|VA) 1 $175,000 $175,000 $9,692 6.50%
    Fremont, OH (FHA|USDA|VA) 1 $165,000 $165,000 $12,182 7.13%
    Albemarle, NC (FHA|USDA|VA) 1 $165,000 $165,000 $10,755 6.25%
    Milledgeville, GA (FHA|USDA|VA) 1 $165,000 $165,000 $8,769 7.25%
    Troy, AL (FHA|USDA|VA) 1 $165,000 $165,000 $9,176 6.25%
    Orangeburg, SC (FHA|USDA|VA) 1 $165,000 $165,000 $11,858 6.63%
    Chillicothe, OH (FHA|USDA|VA) 1 $155,000 $155,000 $12,619 7.25%
    Cedartown, GA (FHA|USDA|VA) 1 $155,000 $155,000 $6,621 6.50%
    Enterprise, AL (FHA|USDA|VA) 1 $155,000 $155,000 $12,246 6.13%
    Bainbridge, GA (FHA|USDA|VA) 1 $155,000 $155,000 $9,124 6.25%
    Marietta, OH (FHA|USDA|VA) 1 $155,000 $155,000 $11,743 6.75%
    Zanesville, OH (FHA|USDA|VA) 1 $155,000 $155,000 $11,219 6.99%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $145,000 $145,000 $10,006 6.63%
    Union City, TN (FHA|USDA|VA) 1 $145,000 $145,000 $11,605 5.50%
    North Vernon, IN (FHA|USDA|VA) 1 $145,000 $145,000 $10,216 5.75%
    Rockingham, NC (FHA|USDA|VA) 1 $145,000 $145,000 $11,144 5.63%
    Ashtabula, OH (FHA|USDA|VA) 1 $145,000 $145,000 $11,066 6.99%
    Lewistown, PA (FHA|USDA|VA) 1 $145,000 $145,000 $11,826 5.75%
    TOLEDO, OH (FHA|USDA|VA) 1 $135,000 $135,000 $10,930 7.13%
    Newberry, SC (FHA|USDA|VA) 1 $135,000 $135,000 $10,138 6.75%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $125,000 $125,000 $7,705 7.13%
    Newport, TN (FHA|USDA|VA) 1 $125,000 $125,000 $9,362 6.13%
    Eufaula, AL-GA (FHA|USDA|VA) 1 $105,000 $105,000 $6,830 6.75%
    Milend's top markets include Atlanta, Charlotte, Washington, Virginia Beach, and Philadelphia among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 898 $229,620,000 $255,702 $15,308 6.35%
    Conventional 337 $101,585,000 $301,439 $10,740 6.73%
    VA 179 $55,425,000 $309,637 $15,990 6.57%

    For 2024, Milend's most frequently originated type of loan was FHA, with 898 originations. Their 2nd most popular type was Conventional, with 337 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,285 $335,835,000 $261,350 $14,594 6.45%
    Home Purchase 129 $50,795,000 $393,760 $11,428 6.66%

    For 2024, Milend's most frequently cited loan purpose was Refi, with 1,285 originations. The 2nd most popular reason was Home Purchase, with 129 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,240 $346,710,000 $279,605 $14,431 6.47%
    Other 102 $23,040,000 $225,882 $13,600 6.49%
    20 Year 47 $10,065,000 $214,149 $12,617 6.48%
    15 Year 23 $6,535,000 $284,130 $14,340 6.01%
    10 Year 2 $280,000 $140,000 $11,972 6.38%

    For 2024, Milend's most frequently cited loan duration was 30 Year, with 1,240 originations. The 2nd most popular length was Other, with 102 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,214 $336,490,000 $277,175
    $4k-5k 87 $18,385,000 $211,322
    $3k-4k 46 $9,600,000 $208,696
    $1k-2k 40 $16,420,000 $410,500
    $2k-3k 23 $4,785,000 $208,043
    $<1k 4 $950,000 $237,500

    Milend's average total fees were $14,431, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,214 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 926 $246,880,000 $266,609
    5-6% 286 $82,930,000 $289,965
    7-8% 193 $53,485,000 $277,124
    4-5% 6 $2,220,000 $370,000
    Over 8% 3 $1,115,000 $371,667

    During 2024, Milend's average interest rate for loans was 6.47%, while their most frequently originated rate bucket for loans was 6-7%, with 926 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 742 $203,990,000 $274,919 $14,932 6.38%
    $100k-200k 459 $74,905,000 $163,192 $10,443 6.59%
    $400k-600k 162 $76,530,000 $472,407 $20,938 6.44%
    $600k-1MM 42 $29,020,000 $690,952 $21,001 6.59%
    $100,000 or less 8 $680,000 $85,000 $6,050 7.22%
    $1MM+ 1 $1,505,000 $1,505,000 $32,286 7.13%

    2024 saw Milend place emphasis on $200k-400k loans with 742 originations, totaling $203,990,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 421 $88,405,000 $209,988 $12,593 6.45%
    $75k-100k 326 $84,100,000 $257,975 $14,441 6.41%
    $100k-150k 302 $97,850,000 $324,007 $16,497 6.49%
    $50k or less 174 $29,460,000 $169,310 $10,521 6.47%
    $150k-250k 159 $67,855,000 $426,761 $18,020 6.53%
    $250k+ 32 $18,960,000 $592,500 $16,898 6.78%

    Milend lent most frequently to those with incomes in the $50k-75k range, with 421 originations. The second most popular income band? $75k-100k, with 326 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 481 $133,175,000 $276,871 $16,031 6.35%
    30-36% 126 $32,960,000 $261,587 $13,123 6.55%
    20-30% 87 $22,665,000 $260,517 $11,190 6.70%
    49% 70 $21,190,000 $302,714 $14,935 6.54%
    45% 68 $17,100,000 $251,471 $13,501 6.42%
    44% 63 $17,515,000 $278,016 $13,336 6.55%
    47% 58 $16,690,000 $287,759 $15,223 6.47%
    43% 56 $12,780,000 $228,214 $12,626 6.57%
    48% 54 $15,800,000 $292,593 $15,365 6.40%
    42% 53 $14,875,000 $280,660 $13,962 6.45%
    46% 49 $12,085,000 $246,633 $13,602 6.48%
    39% 44 $13,240,000 $300,909 $12,902 6.68%
    40% 42 $11,610,000 $276,429 $13,025 6.45%
    36% 41 $12,415,000 $302,805 $12,946 6.70%
    41% 39 $9,485,000 $243,205 $12,731 6.66%
    37% 34 $8,810,000 $259,118 $13,865 6.40%
    38% 33 $8,675,000 $262,879 $13,707 6.42%
    <20% 6 $2,280,000 $380,000 $12,263 6.68%
    >60% 5 $1,735,000 $347,000 $15,606 6.20%

    Milend lent most frequently to those with DTI ratios of 50-60%, with 481 originations. The next most common DTI ratio? 30-36%, with 126 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 851 $236,705,000 $278,149 $14,258 6.45%
    Black 372 $99,250,000 $266,801 $14,683 6.43%
    Not provided 172 $45,180,000 $262,674 $14,093 6.60%
    Asian 14 $4,530,000 $323,571 $9,968 6.80%
    Native Hawaiian or Islander 3 $525,000 $175,000 $12,708 6.54%
    American Indian 2 $440,000 $220,000 $15,252 6.19%

    Approval Rates

    Total approvals of all applications
    90.71%

    Milend has an average approval rate.

    Pick Rate

    Approvals leading to origination
    -41.30%

    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 1,414 $386,630,000 $273,430

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,414 $386,630,000 $273,430

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $3,125,000 $183,824 $8,181 6.62%
    40-60% 183 $42,835,000 $234,071 $11,905 6.56%
    60-80% 611 $155,895,000 $255,147 $13,930 6.44%
    80-100% 601 $184,415,000 $306,847 $15,613 6.46%
    Over 100% 1 $255,000 $255,000 $8,957 7.25%
    Under 20% 1 $105,000 $105,000 $6,632 6.88%