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 Cash Out Refi, Refi, and Home Purchase loans. Milend has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Atlanta, Washington, Boston, Charlotte, and Raleigh among others. We have data for 126 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 an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.85% | 4/22/24 |
| 30 Year Conventional Refi | 6.91% | 4/22/24 |
| 30 Year Cash-out Refi | 6.27% | 4/22/24 |
| 30 Year FHA Purchase | 7.47% | 4/22/24 |
| 30 Year FHA Refi | 7.26% | 4/22/24 |
| 30 Year VA Purchase | 6.57% | 4/22/24 |
| 30 Year VA Refi | 6.71% | 4/22/24 |
| 30 Year USDA Purchase | 6.47% | 4/22/24 |
| 15 Year Conventional Purchase | 6.72% | 4/22/24 |
| 15 Year Conventional Refi | 6.68% | 4/22/24 |
| 15 Year Cash-out Refi | 6.68% | 4/22/24 |
| 15 Year FHA Refi | 7.24% | 4/22/24 |
| 15 Year VA Refi | 6.72% | 4/22/24 |
| 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
1,972Origination Dollar Volume (All Markets)
$500,500,000Awards
MILEND - 2019
MILEND is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 1,036 | $258,690,000 | $249,701 | $6,884 | 4.42% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 120 | $42,050,000 | $350,417 | $10,389 | 4.36% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 43 | $15,405,000 | $358,256 | $7,776 | 4.27% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 41 | $11,425,000 | $278,659 | $5,763 | 4.45% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 41 | $10,775,000 | $262,805 | $6,260 | 4.67% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 48 | $9,640,000 | $200,833 | $5,380 | 5.16% |
| GAINESVILLE, GA (FHA|USDA|VA) | 41 | $9,005,000 | $219,634 | $5,898 | 4.63% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 33 | $8,975,000 | $271,970 | $8,160 | 4.29% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 35 | $8,685,000 | $248,143 | $7,901 | 4.61% |
| Outside of Metro Areas | 34 | $7,970,000 | $234,412 | $5,512 | 4.56% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 29 | $6,925,000 | $238,793 | $5,774 | 4.40% |
| Jefferson, GA (FHA|USDA|VA) | 29 | $6,295,000 | $217,069 | $6,213 | 4.81% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 26 | $6,290,000 | $241,923 | $7,459 | 4.77% |
| RICHMOND, VA (FHA|USDA|VA) | 25 | $6,065,000 | $242,600 | $7,633 | 4.78% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 22 | $5,350,000 | $243,182 | $8,084 | 4.56% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 17 | $4,955,000 | $291,471 | $7,845 | 4.04% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 18 | $4,680,000 | $260,000 | $7,728 | 4.51% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 13 | $3,825,000 | $294,231 | $7,759 | 4.31% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 17 | $3,705,000 | $217,941 | $5,932 | 4.24% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 13 | $3,485,000 | $268,077 | $7,450 | 4.26% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 12 | $3,310,000 | $275,833 | $5,355 | 4.52% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $2,645,000 | $2,645,000 | $19,457 | 4.13% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 8 | $2,460,000 | $307,500 | $7,214 | 4.12% |
| WILMINGTON, NC (FHA|USDA|VA) | 7 | $2,375,000 | $339,286 | $6,191 | 5.02% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 8 | $2,240,000 | $280,000 | $8,862 | 4.89% |
| PITTSBURGH, PA (FHA|USDA|VA) | 11 | $2,125,000 | $193,182 | $7,598 | 4.61% |
| SAVANNAH, GA (FHA|USDA|VA) | 9 | $1,935,000 | $215,000 | $6,865 | 4.83% |
| ASHEVILLE, NC (FHA|USDA|VA) | 8 | $1,920,000 | $240,000 | $8,409 | 5.06% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 8 | $1,920,000 | $240,000 | $4,381 | 5.31% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $1,655,000 | $236,429 | $8,287 | 4.79% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 6 | $1,520,000 | $253,333 | $8,635 | 4.39% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 7 | $1,475,000 | $210,714 | $7,192 | 4.38% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 8 | $1,350,000 | $168,750 | $6,600 | 4.28% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 6 | $1,320,000 | $220,000 | $8,638 | 4.35% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $8,535 | 4.30% |
| ROME, GA (FHA|USDA|VA) | 6 | $1,140,000 | $190,000 | $7,187 | 4.52% |
| VALDOSTA, GA (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $9,608 | 4.78% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 5 | $995,000 | $199,000 | $5,988 | 4.68% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $12,245 | 4.21% |
| Calhoun, GA (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $4,755 | 4.58% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $5,519 | 3.91% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 5 | $785,000 | $157,000 | $5,554 | 5.15% |
| LANCASTER, PA (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $5,321 | 5.34% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $6,391 | 4.88% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $7,047 | 4.75% |
| DALTON, GA (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $5,034 | 5.90% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $8,893 | 4.04% |
| DOTHAN, AL (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $4,154 | 4.63% |
| Vidalia, GA (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $8,704 | 4.04% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $5,006 | 5.38% |
| BURLINGTON, NC (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $7,389 | 5.00% |
| MOBILE, AL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $4,619 | 6.58% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $7,383 | 5.19% |
| Milledgeville, GA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $5,775 | 4.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $7,828 | 4.54% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $4,626 | 6.06% |
| LYNCHBURG, VA (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $6,387 | 4.69% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $12,070 | 4.62% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $9,214 | 4.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $7,513 | 4.56% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $7,737 | 4.25% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $5,101 | 5.46% |
| Morehead City, NC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,020 | 4.19% |
| ALTOONA, PA (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $4,423 | 5.46% |
| ST. CLOUD, MN (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $7,412 | 4.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $13,412 | 3.99% |
| Athens, TN (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $5,920 | 5.66% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $4,896 | 4.58% |
| LaGrange, GA-AL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $8,151 | 3.94% |
| GETTYSBURG, PA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $8,259 | 4.50% |
| BRUNSWICK, GA (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $5,478 | 5.17% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $7,570 | 3.81% |
| READING, PA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $9,205 | 3.63% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $7,702 | 4.68% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,144 | 5.81% |
| Hutchinson, MN (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $8,534 | 5.25% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $8,153 | 4.38% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,919 | 4.63% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,514 | 4.88% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,020 | 5.50% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $12,198 | 3.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,664 | 6.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,002 | 6.06% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,734 | 5.69% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,151 | 4.63% |
| Boone, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,776 | 3.88% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,659 | 4.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $14,991 | 4.00% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,618 | 2.88% |
| Indiana, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,880 | 4.50% |
| DuBois, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,104 | 3.75% |
| Red Wing, MN (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,171 | 6.06% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,405 | 3.50% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,220 | 5.63% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,102 | 4.88% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,925 | 3.50% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,610 | 4.99% |
| Tifton, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,786 | 4.25% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,494 | 3.99% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,313 | 3.99% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,412 | 4.94% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,463 | 3.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,057 | 3.63% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,343 | 4.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,415 | 4.00% |
| Easton, MD (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $10,097 | 3.99% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,956 | 4.25% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,078 | 4.50% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,108 | 4.13% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,006 | 4.63% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $12,286 | 4.13% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,110 | 3.99% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,681 | 4.13% |
| Selinsgrove, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,034 | 4.88% |
| Summerville, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,853 | 3.25% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,763 | 3.99% |
| Austin, MN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,819 | 5.88% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,034 | 3.25% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,668 | 5.25% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,893 | 4.50% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,084 | 4.99% |
| Danville, VA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,664 | 4.88% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,097 | 3.88% |
| Cordele, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,980 | 4.50% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,651 | 3.25% |
| Forest City, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,222 | 4.38% |
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 2019, Milend's most frequently originated type of loan was Conventional, with 1,252 originations. Their 2nd most popular type was FHA, with 547 originations.
Loan Reason
For 2019, Milend's most frequently cited loan purpose was Cash Out Refi, with 796 originations. The 2nd most popular reason was Refi, with 748 originations.
Loan Duration/Length
For 2019, Milend's most frequently cited loan duration was 30 Year, with 1,558 originations. The 2nd most popular length was 15 Year, with 194 originations.
Origination Fees/Closing Costs
Milend's average total fees were $7,738, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 461 originations.
Interest Rates
During 2019, Milend's average interest rate for loans was 4.33%, while their most frequently originated rate bucket for loans was 4-5%, with 845 originations.
Loan Sizing
2019 saw Milend place emphasis on $200k-400k loans with 1,156 originations, totaling $323,400,000 in origination value.
Applicant Income
Milend lent most frequently to those with incomes in the $100k-150k range, with 551 originations. The second most popular income band? $50k-75k, with 464 originations.
Applicant Debt to Income Ratio
Milend lent most frequently to those with DTI ratios of 50-60%, with 293 originations. The next most common DTI ratio? 30-36%, with 273 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.30%
Milend has an average approval rate.
Pick Rate
Approvals leading to origination51.17%
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 | 1,972 | $500,500,000 | $253,803 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,972 | $500,500,000 | $253,803 |