Milend Mortgage Rates, Fees & Info
Alpharetta, GALEI: 549300Q10M1VXBG2H889
Tax ID: 58-2200634
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Mortgage Data
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, Washington, Nashville, Charlotte, and Richmond among others. We have data for 169 markets. (Some data included below & more in-depth data is available with an active subscription.)Milend has an 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 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 | 6.85% | 11/17/24 |
| 30 Year Conventional Refi | 6.91% | 11/17/24 |
| 30 Year Cash-out Refi | 6.27% | 11/17/24 |
| 30 Year FHA Purchase | 7.47% | 11/17/24 |
| 30 Year FHA Refi | 7.26% | 11/17/24 |
| 30 Year VA Purchase | 6.57% | 11/17/24 |
| 30 Year VA Refi | 6.71% | 11/17/24 |
| 30 Year USDA Purchase | 6.47% | 11/17/24 |
| 15 Year Conventional Purchase | 6.72% | 11/17/24 |
| 15 Year Conventional Refi | 6.68% | 11/17/24 |
| 15 Year Cash-out Refi | 6.68% | 11/17/24 |
| 15 Year FHA Refi | 7.24% | 11/17/24 |
| 15 Year VA Refi | 6.72% | 11/17/24 |
| 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
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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
1,305Origination Dollar Volume (All Markets)
$334,235,000Relative Rate
Milend's average 30 year fixed mortgage rate was
6.64%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.16%.
Relative Fees (Closing Costs)
Milend's average total fees/closing costs for a 30 year fixed rate
mortgage were $14,448.
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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 342 | $101,400,000 | $296,491 | $15,277 | 6.59% |
| Outside of Metro Areas | 53 | $10,625,000 | $200,472 | $11,743 | 6.77% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 25 | $9,585,000 | $383,400 | $19,318 | 6.50% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 30 | $8,770,000 | $292,333 | $16,102 | 6.57% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 34 | $8,740,000 | $257,059 | $14,842 | 6.66% |
| RICHMOND, VA (FHA|USDA|VA) | 29 | $7,305,000 | $251,897 | $14,937 | 6.45% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 28 | $7,030,000 | $251,071 | $14,332 | 6.62% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 21 | $6,965,000 | $331,667 | $18,028 | 6.33% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 27 | $6,865,000 | $254,259 | $15,135 | 6.69% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 26 | $6,560,000 | $252,308 | $14,975 | 6.54% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 20 | $6,450,000 | $322,500 | $18,868 | 6.61% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 26 | $6,120,000 | $235,385 | $12,854 | 6.80% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 20 | $5,510,000 | $275,500 | $16,924 | 6.48% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 24 | $4,380,000 | $182,500 | $10,561 | 6.97% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 19 | $4,365,000 | $229,737 | $13,213 | 6.72% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 16 | $4,160,000 | $260,000 | $14,934 | 6.71% |
| KNOXVILLE, TN (FHA|USDA|VA) | 15 | $3,835,000 | $255,667 | $14,226 | 6.58% |
| SAVANNAH, GA (FHA|USDA|VA) | 16 | $3,830,000 | $239,375 | $11,708 | 6.75% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 12 | $3,510,000 | $292,500 | $16,387 | 6.29% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 14 | $3,360,000 | $240,000 | $13,397 | 6.83% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 8 | $3,150,000 | $393,750 | $20,202 | 6.56% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 11 | $3,085,000 | $280,455 | $16,813 | 6.60% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 13 | $2,865,000 | $220,385 | $13,257 | 6.97% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 8 | $2,660,000 | $332,500 | $16,567 | 6.86% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 11 | $2,635,000 | $239,545 | $13,271 | 7.03% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 10 | $2,600,000 | $260,000 | $14,365 | 6.97% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 12 | $2,430,000 | $202,500 | $10,986 | 6.74% |
| GAINESVILLE, GA (FHA|USDA|VA) | 7 | $2,425,000 | $346,429 | $17,109 | 6.70% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 10 | $2,400,000 | $240,000 | $13,661 | 6.25% |
| COLUMBIA, SC (FHA|USDA|VA) | 11 | $2,215,000 | $201,364 | $11,194 | 6.60% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 12 | $2,170,000 | $180,833 | $11,405 | 6.60% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 9 | $2,155,000 | $239,444 | $13,226 | 6.83% |
| MOBILE, AL (FHA|USDA|VA) | 11 | $2,135,000 | $194,091 | $12,642 | 6.56% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 8 | $2,120,000 | $265,000 | $15,259 | 6.83% |
| MONTGOMERY, AL (FHA|USDA|VA) | 11 | $2,015,000 | $183,182 | $11,219 | 6.44% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 8 | $1,970,000 | $246,250 | $12,117 | 6.38% |
| ROANOKE, VA (FHA|USDA|VA) | 7 | $1,825,000 | $260,714 | $13,543 | 6.68% |
| PITTSBURGH, PA (FHA|USDA|VA) | 11 | $1,775,000 | $161,364 | $10,683 | 6.74% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 8 | $1,760,000 | $220,000 | $12,142 | 6.81% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 8 | $1,720,000 | $215,000 | $14,297 | 6.25% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 7 | $1,655,000 | $236,429 | $13,575 | 6.75% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 7 | $1,645,000 | $235,000 | $12,153 | 6.71% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 8 | $1,580,000 | $197,500 | $12,175 | 6.70% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 5 | $1,525,000 | $305,000 | $17,641 | 7.17% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $12,018 | 6.38% |
| ROME, GA (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $8,877 | 6.63% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 6 | $1,420,000 | $236,667 | $13,904 | 6.44% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $1,355,000 | $451,667 | $19,783 | 7.17% |
| WILMINGTON, NC (FHA|USDA|VA) | 5 | $1,315,000 | $263,000 | $13,175 | 7.08% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $17,371 | 6.55% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $15,381 | 6.81% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 6 | $1,210,000 | $201,667 | $13,607 | 6.75% |
| DOTHAN, AL (FHA|USDA|VA) | 7 | $1,135,000 | $162,143 | $10,380 | 6.78% |
| LANCASTER, PA (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $12,108 | 7.06% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 5 | $1,085,000 | $217,000 | $12,894 | 6.53% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $13,279 | 6.38% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $15,277 | 6.88% |
| DECATUR, AL (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $15,439 | 6.94% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $13,871 | 6.70% |
| Fort Payne, AL (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $16,648 | 6.71% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $15,266 | 6.41% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $16,553 | 6.06% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $12,068 | 6.63% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $14,736 | 6.71% |
| GADSDEN, AL (FHA|USDA|VA) | 5 | $805,000 | $161,000 | $9,008 | 6.78% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $9,478 | 6.91% |
| SPARTANBURG, SC (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $12,440 | 6.03% |
| OCALA, FL (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $15,952 | 5.79% |
| READING, PA (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $15,712 | 6.29% |
| Calhoun, GA (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $10,965 | 6.78% |
| ST. CLOUD, MN (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $14,781 | 6.17% |
| Lumberton, NC (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $12,740 | 6.90% |
| DALTON, GA (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $16,588 | 6.75% |
| LaGrange, GA-AL (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $12,425 | 6.63% |
| VALDOSTA, GA (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $11,137 | 6.31% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $12,770 | 6.88% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $24,679 | 6.88% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $13,383 | 6.50% |
| BURLINGTON, NC (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $15,076 | 6.63% |
| Palatka, FL (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $21,338 | 7.50% |
| LYNCHBURG, VA (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $10,771 | 6.41% |
| STAUNTON, VA (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $13,842 | 6.92% |
| Union City, TN (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $11,402 | 6.92% |
| Jefferson, GA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $13,026 | 6.75% |
| Thomasville, GA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $6,034 | 6.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $35,812 | 5.50% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $16,785 | 7.13% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $12,789 | 7.13% |
| HINESVILLE, GA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $12,458 | 6.79% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $9,861 | 7.04% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $14,324 | 6.88% |
| SUMTER, SC (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $10,916 | 6.75% |
| MORRISTOWN, TN (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $11,454 | 7.08% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $16,009 | 6.19% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $16,069 | 6.69% |
| Washington, NC (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $9,457 | 7.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $7,483 | 6.88% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $14,476 | 6.50% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $18,018 | 7.63% |
| Shelby, NC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $13,627 | 6.75% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $15,909 | 7.63% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $14,641 | 5.88% |
| Statesboro, GA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $13,041 | 6.81% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $13,679 | 6.50% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $14,754 | 7.19% |
| Waycross, GA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $11,175 | 6.06% |
| CLEVELAND, TN (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $13,455 | 6.69% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $8,385 | 6.67% |
| ERIE, PA (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $9,397 | 6.63% |
| GETTYSBURG, PA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $12,196 | 5.69% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $13,005 | 6.19% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $15,248 | 7.00% |
| ALBANY, GA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $10,198 | 6.56% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $27,954 | 7.13% |
| McMinnville, TN (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $11,403 | 6.88% |
| Albertville, AL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $8,333 | 8.38% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $11,060 | 5.88% |
| Jasper, AL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $10,724 | 6.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $16,539 | 7.13% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $20,752 | 6.25% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $11,786 | 6.94% |
| Dayton, TN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $14,530 | 6.13% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $10,659 | 7.06% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $13,337 | 5.63% |
| Brainerd, MN (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $9,010 | 6.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $11,382 | 7.13% |
| Henderson, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $17,761 | 6.75% |
| Jesup, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $16,791 | 5.50% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $14,780 | 6.63% |
| Americus, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $17,547 | 6.63% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,380 | 7.63% |
| Winona, MN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,177 | 8.00% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $15,675 | 6.75% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $15,797 | 7.13% |
| Danville, VA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $13,099 | 6.13% |
| Athens, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $14,624 | 6.75% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $13,441 | 7.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,207 | 6.38% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $14,163 | 7.38% |
| Cullman, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,673 | 6.50% |
| Douglas, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $14,052 | 6.50% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $14,946 | 6.63% |
| AKRON, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $13,609 | 6.38% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $11,538 | 7.38% |
| Owatonna, MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $12,953 | 6.63% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $13,967 | 6.13% |
| Brevard, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,211 | 7.38% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $12,617 | 6.75% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $12,856 | 7.13% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $12,673 | 5.63% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $13,714 | 7.38% |
| BAY CITY, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $10,078 | 7.50% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,487 | 6.13% |
| Bainbridge, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,813 | 7.25% |
| Oil City, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $12,655 | 7.38% |
| Athens, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $11,426 | 7.25% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $11,898 | 7.13% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $10,924 | 7.00% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,304 | 7.13% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,771 | 6.13% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $13,541 | 6.99% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $11,537 | 5.63% |
| Vidalia, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $11,347 | 7.50% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $9,674 | 7.75% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $11,033 | 7.13% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,555 | 7.25% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,983 | 6.75% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $9,836 | 6.63% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $8,736 | 6.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against MILEND 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 2023, Milend's most frequently originated type of loan was FHA, with 828 originations. Their 2nd most popular type was Conventional, with 284 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 1,185 | $294,315,000 | $248,367 | $14,290 | 6.63% |
| Home Purchase | 120 | $39,920,000 | $332,667 | $13,983 | 6.78% |
For 2023, Milend's most frequently cited loan purpose was Refi, with 1,185 originations. The 2nd most popular reason was Home Purchase, with 120 originations.
Loan Duration/Length
For 2023, Milend's most frequently cited loan duration was 30 Year, with 1,140 originations. The 2nd most popular length was Other, with 101 originations.
Origination Fees/Closing Costs
Milend's average total fees were $14,448, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,186 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 793 | $201,725,000 | $254,382 |
| 7-8% | 323 | $83,205,000 | $257,601 |
| 5-6% | 180 | $47,370,000 | $263,167 |
| Over 8% | 5 | $1,005,000 | $201,000 |
| 4-5% | 4 | $930,000 | $232,500 |
During 2023, Milend's average interest rate for loans was 6.64%, while their most frequently originated rate bucket for loans was 6-7%, with 793 originations.
Loan Sizing
2023 saw Milend place emphasis on $200k-400k loans with 653 originations, totaling $181,705,000 in origination value.
Applicant Income
Milend lent most frequently to those with incomes in the $50k-75k range, with 395 originations. The second most popular income band? $75k-100k, with 306 originations.
Applicant Debt to Income Ratio
Milend lent most frequently to those with DTI ratios of 50-60%, with 447 originations. The next most common DTI ratio? 30-36%, with 96 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.41%
Milend has an average approval rate.
Pick Rate
Approvals leading to origination-79.62%
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 | 1,305 | $334,235,000 | $256,119 |