Greenpath Funding Mortgage Rates, Fees & Info
San Diego, CALEI: 549300QTTN0P0SSK0R53
Tax ID: 82-1564972
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Mortgage Data
Review & Overview
Greenpath Funding is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Greenpath Funding 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: San Diego, Los Angeles, Riverside, and Sacramento among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Greenpath Funding 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. Greenpath Funding 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.
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Originations
164Origination Dollar Volume (All Markets)
$76,220,000Top 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 |
|---|---|---|---|---|---|
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 106 | $49,250,000 | $464,623 | $8,535 | 4.69% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 35 | $17,895,000 | $511,286 | $8,169 | 4.84% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 21 | $8,425,000 | $401,190 | $6,751 | 4.94% |
| Outside of Metro Areas | 1 | $455,000 | $455,000 | $4,591 | 4.63% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,262 | 4.75% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against Greenpath Funding 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 2018, Greenpath Funding's most frequently originated type of loan was Conventional, with 106 originations. Their 2nd most popular type was VA, with 43 originations.
Loan Reason
For 2018, Greenpath Funding's most frequently cited loan purpose was Home Purchase, with 121 originations. The 2nd most popular reason was Cash Out Refi, with 42 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 163 | $76,075,000 | $466,718 | $8,184 | 4.76% |
| 15 Year | 1 | $145,000 | $145,000 | $4,816 | 4.25% |
For 2018, Greenpath Funding's most frequently cited loan duration was 30 Year, with 163 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
Greenpath Funding's average total fees were $8,184, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 45 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 139 | $66,185,000 | $476,151 |
| 5-6% | 21 | $8,465,000 | $403,095 |
| 3-4% | 4 | $1,570,000 | $392,500 |
During 2018, Greenpath Funding's average interest rate for loans was 4.76%, while their most frequently originated rate bucket for loans was 4-5%, with 139 originations.
Loan Sizing
2018 saw Greenpath Funding place emphasis on $400k-600k loans with 79 originations, totaling $37,925,000 in origination value.
Applicant Income
Greenpath Funding lent most frequently to those with incomes in the $100k-150k range, with 59 originations. The second most popular income band? $75k-100k, with 37 originations.
Applicant Debt to Income Ratio
Greenpath Funding lent most frequently to those with DTI ratios of 50-60%, with 21 originations. The next most common DTI ratio? 30-36%, with 20 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.81%
Greenpath Funding has a below average approval rate.
Pick Rate
Approvals leading to origination76.83%
Greenpath Funding has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 164 | $76,220,000 | $464,756 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $245,000 | $245,000 |
| Single Family (1-4 Units):Site-Built | 163 | $75,975,000 | $466,104 |