Carrington Mortgage Services Rates, Fees & Info

Wilmington, DE

LEI: 549300R9S3MVDV4MGF56

Tax ID: 20-8745846

2020 Data | 2019 Data | 2018 Data


Overview

Carrington Mortgage Services is a large mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Carrington Mortgage Services has They have a a high proportion of FHA loans. an average proportion of conventional loans. They have a low ratio of USDA loans. Their top markets include Riverside, Washington, Los Angeles, New York, and Atlanta among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Carrington Mortgage Services is typically a high fee lendor.


Originations

37,327

Origination Dollar Volume (All Markets)

$8,152,325,000

Relative Rate

Carrington Mortgage Services 's average 30 year fixed rate mortgage was 3.57%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of 0.21%.

Relative Fees

Carrington Mortgage Services 's average total fees for a 30 year fixed rate mortgage are $7,396.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
FHA 16,871 $3,772,295,000 $223,596 $8,858 3.53%
Conventional 11,227 $2,158,585,000 $192,267 $4,932 3.43%
VA 8,485 $2,107,015,000 $248,322 $4,892 3.32%
USDA 744 $114,430,000 $153,804 $5,980 3.65%

For the 2020 period, Carrington Mortgage Services 's most frequently originated loan type was FHA, with 16,871 originations. Their 2nd most popular type is Conventional, with 11,227 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 18,085 $3,926,195,000 $217,097 $5,297 3.21%
Cash Out Refi 10,153 $2,055,325,000 $202,435 $7,254 3.46%
Home Purchase 9,089 $2,170,805,000 $238,839 $8,962 3.92%

For the 2020, Carrington Mortgage Services 's most frequently cited loan purpose was Refi, with 18,085 originations. The 2nd most popular reason was Cash Out Refi, with 10,153 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 27,487 $6,414,205,000 $233,354 $7,396 3.56%
15 Year 4,031 $614,165,000 $152,360 $4,437 3.00%
Other 3,318 $700,430,000 $211,100 $5,200 3.24%
20 Year 2,245 $396,495,000 $176,612 $5,115 3.30%
10 Year 246 $27,030,000 $109,878 $3,943 2.95%

For the 2020, Carrington Mortgage Services 's most frequently cited loan length was 30 Year, with 27,487 originations. The 2nd most popular length was 15 Year, with 4,031 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 9,095 $1,647,465,000 $181,140
$<1k 8,082 $1,791,060,000 $221,611
$3k-4k 7,493 $1,646,105,000 $219,686
$2k-3k 7,488 $1,361,240,000 $181,790
$5k+ 5,118 $1,693,630,000 $330,916

$7,396 was Carrington Mortgage Services 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 9,095 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Outside of Metro Areas 3,791 $599,595,000 $158,163 $5,506 3.50%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 1,116 $333,800,000 $299,104 $8,500 3.40%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 1,031 $318,775,000 $309,190 $8,097 3.33%
LOS ANGELES-LONG BEACH-GLENDALE, CA 680 $253,340,000 $372,559 $10,419 3.44%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 541 $221,695,000 $409,787 $13,265 3.45%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 1,108 $216,630,000 $195,514 $6,021 3.42%
PHOENIX-MESA-CHANDLER, AZ 922 $215,530,000 $233,764 $6,988 3.47%
BALTIMORE-COLUMBIA-TOWSON, MD 552 $143,120,000 $259,275 $7,190 3.40%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 659 $128,635,000 $195,197 $6,983 3.62%
CHICAGO-NAPERVILLE-EVANSTON, IL 603 $124,365,000 $206,244 $6,540 3.45%
LAS VEGAS-HENDERSON-PARADISE, NV 498 $121,790,000 $244,558 $6,276 3.37%
NASSAU COUNTY-SUFFOLK COUNTY, NY 313 $119,035,000 $380,304 $13,176 3.44%
DENVER-AURORA-LAKEWOOD, CO 377 $116,725,000 $309,615 $8,351 3.47%
JACKSONVILLE, FL 532 $115,620,000 $217,331 $6,403 3.39%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 288 $115,350,000 $400,521 $9,800 3.27%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 552 $115,130,000 $208,569 $7,058 3.51%
ORLANDO-KISSIMMEE-SANFORD, FL 490 $106,050,000 $216,429 $7,492 3.41%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 343 $105,045,000 $306,254 $8,730 3.41%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 447 $101,715,000 $227,550 $5,642 3.34%
ANAHEIM-SANTA ANA-IRVINE, CA 200 $93,870,000 $469,350 $10,911 3.40%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 444 $93,240,000 $210,000 $6,265 3.37%
NEW BRUNSWICK-LAKEWOOD, NJ 305 $86,185,000 $282,574 $8,895 3.50%
DALLAS-PLANO-IRVING, TX 401 $81,175,000 $202,431 $6,392 3.66%
SEATTLE-BELLEVUE-KENT, WA 246 $79,830,000 $324,512 $7,899 3.35%
INDIANAPOLIS-CARMEL-ANDERSON, IN 445 $75,865,000 $170,483 $4,898 3.33%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 409 $74,585,000 $182,359 $5,866 3.39%
COLUMBUS, OH 390 $72,660,000 $186,308 $6,399 3.52%
TACOMA-LAKEWOOD, WA 234 $69,560,000 $297,265 $7,684 3.35%
NEWARK, NJ-PA 237 $69,495,000 $293,228 $9,520 3.43%
OAKLAND-BERKELEY-LIVERMORE, CA 166 $66,610,000 $401,265 $11,789 3.39%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 246 $65,930,000 $268,008 $7,794 3.34%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 244 $61,710,000 $252,910 $9,608 3.55%
COLORADO SPRINGS, CO 240 $60,800,000 $253,333 $6,009 3.37%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 294 $60,320,000 $205,170 $6,297 3.37%
RICHMOND, VA 284 $59,990,000 $211,232 $5,921 3.40%
WARREN-TROY-FARMINGTON HILLS, MI 312 $57,320,000 $183,718 $6,256 3.46%
CINCINNATI, OH-KY-IN 327 $56,815,000 $173,746 $6,132 3.44%
KANSAS CITY, MO-KS 315 $55,245,000 $175,381 $4,934 3.42%
SAN ANTONIO-NEW BRAUNFELS, TX 273 $52,125,000 $190,934 $5,254 3.54%
ST. LOUIS, MO-IL 306 $50,980,000 $166,601 $5,087 3.45%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 151 $50,675,000 $335,596 $8,530 3.38%
CLARKSVILLE, TN-KY 243 $48,995,000 $201,626 $4,531 3.79%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 198 $48,340,000 $244,141 $7,667 3.36%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 232 $46,030,000 $198,405 $6,583 3.73%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 178 $45,130,000 $253,539 $8,861 3.56%
CHARLESTON-NORTH CHARLESTON, SC 211 $44,845,000 $212,536 $7,738 3.43%
CAMDEN, NJ 211 $42,455,000 $201,209 $6,771 3.55%
FRESNO, CA 186 $41,400,000 $222,581 $6,374 3.29%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 203 $40,955,000 $201,749 $5,776 3.66%
MIAMI-MIAMI BEACH-KENDALL, FL 162 $40,410,000 $249,444 $8,862 3.53%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 189 $38,765,000 $205,106 $6,984 3.56%
MEMPHIS, TN-MS-AR 202 $34,920,000 $172,871 $5,619 3.45%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 170 $33,020,000 $194,235 $7,119 3.56%
RALEIGH-CARY, NC 165 $32,985,000 $199,909 $5,709 3.40%
NEW ORLEANS-METAIRIE, LA 200 $32,650,000 $163,250 $6,010 3.45%
COLUMBIA, SC 188 $32,350,000 $172,074 $5,591 3.54%
NEW HAVEN-MILFORD, CT 156 $31,610,000 $202,628 $6,878 3.57%
FAYETTEVILLE, NC 172 $31,470,000 $182,965 $3,567 3.52%
VALLEJO, CA 88 $30,290,000 $344,205 $8,338 3.28%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 177 $29,785,000 $168,277 $5,876 3.58%
WILMINGTON, DE-MD-NJ 133 $29,755,000 $223,722 $6,882 3.44%
PHILADELPHIA, PA 167 $29,725,000 $177,994 $7,029 3.62%
STOCKTON, CA 104 $28,940,000 $278,269 $7,908 3.37%
LAKELAND-WINTER HAVEN, FL 162 $28,920,000 $178,519 $6,807 3.56%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 145 $28,865,000 $199,069 $7,148 3.51%
SALT LAKE CITY, UT 114 $28,710,000 $251,842 $7,912 3.55%
PORT ST. LUCIE, FL 133 $28,495,000 $214,248 $8,685 3.49%
CLEVELAND-ELYRIA, OH 165 $26,725,000 $161,970 $5,746 3.52%
BAKERSFIELD, CA 137 $26,515,000 $193,540 $5,592 3.27%
PITTSBURGH, PA 165 $26,175,000 $158,636 $6,235 3.51%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 96 $25,680,000 $267,500 $9,992 3.41%
OGDEN-CLEARFIELD, UT 104 $25,500,000 $245,192 $7,532 3.51%
BRIDGEPORT-STAMFORD-NORWALK, CT 86 $25,470,000 $296,163 $9,954 3.69%
PROVIDENCE-WARWICK, RI-MA 108 $24,970,000 $231,204 $6,910 3.68%
MILWAUKEE-WAUKESHA, WI 134 $24,430,000 $182,313 $5,496 3.30%
NORTH PORT-SARASOTA-BRADENTON, FL 112 $24,410,000 $217,946 $7,250 3.46%
URBAN HONOLULU, HI 53 $24,205,000 $456,698 $10,302 3.30%
GREENVILLE-ANDERSON, SC 152 $24,050,000 $158,224 $6,759 3.63%
TUCSON, AZ 137 $23,925,000 $174,635 $4,855 3.27%
AUGUSTA-RICHMOND COUNTY, GA-SC 134 $23,780,000 $177,463 $4,532 3.33%
OLYMPIA-LACEY-TUMWATER, WA 85 $22,655,000 $266,529 $6,085 3.27%
CAPE CORAL-FORT MYERS, FL 119 $22,545,000 $189,454 $7,055 3.46%
DETROIT-DEARBORN-LIVONIA, MI 146 $21,710,000 $148,699 $5,524 3.59%
HUNTSVILLE, AL 113 $21,675,000 $191,814 $4,206 3.42%
KILLEEN-TEMPLE, TX 110 $20,300,000 $184,545 $3,757 3.50%
GREELEY, CO 77 $20,175,000 $262,013 $8,168 3.47%
BIRMINGHAM-HOOVER, AL 123 $20,075,000 $163,211 $4,648 3.36%
ELGIN, IL 91 $19,385,000 $213,022 $6,728 3.44%
OXNARD-THOUSAND OAKS-VENTURA, CA 47 $19,315,000 $410,957 $9,528 3.62%
PRESCOTT VALLEY-PRESCOTT, AZ 91 $19,095,000 $209,835 $6,457 3.47%
PALM BAY-MELBOURNE-TITUSVILLE, FL 100 $18,660,000 $186,600 $7,054 3.54%
JACKSONVILLE, NC 109 $18,595,000 $170,596 $3,525 3.62%
GARY, IN 109 $18,475,000 $169,495 $5,161 3.49%
BATON ROUGE, LA 102 $18,430,000 $180,686 $6,472 3.50%
ALBANY-SCHENECTADY-TROY, NY 94 $18,350,000 $195,213 $7,204 3.42%
BUFFALO-CHEEKTOWAGA, NY 103 $17,995,000 $174,709 $7,055 3.27%
ALBUQUERQUE, NM 104 $17,960,000 $172,692 $5,743 3.39%
BOISE CITY, ID 81 $17,835,000 $220,185 $7,355 3.37%
HAGERSTOWN-MARTINSBURG, MD-WV 90 $17,820,000 $198,000 $6,509 3.64%
MODESTO, CA 69 $17,555,000 $254,420 $7,500 3.31%
RENO, NV 66 $17,410,000 $263,788 $5,617 3.30%
SAVANNAH, GA 92 $17,070,000 $185,543 $5,678 3.50%
PENSACOLA-FERRY PASS-BRENT, FL 89 $16,985,000 $190,843 $5,491 3.36%
SALINAS, CA 47 $16,925,000 $360,106 $9,388 3.40%
OKLAHOMA CITY, OK 106 $16,490,000 $155,566 $5,624 3.24%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 59 $15,825,000 $268,220 $5,942 3.24%
PORTLAND-SOUTH PORTLAND, ME 80 $15,790,000 $197,375 $5,546 3.26%
KNOXVILLE, TN 96 $15,680,000 $163,333 $5,688 3.54%
SALEM, OR 64 $15,370,000 $240,156 $7,316 3.43%
VISALIA, CA 73 $15,185,000 $208,014 $6,305 3.48%
SANTA MARIA-SANTA BARBARA, CA 43 $15,075,000 $350,581 $8,975 3.38%
GRAND RAPIDS-KENTWOOD, MI 94 $15,010,000 $159,681 $6,188 3.48%
COLUMBUS, GA-AL 82 $14,620,000 $178,293 $3,501 3.53%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 74 $13,850,000 $187,162 $6,047 3.41%
WINSTON-SALEM, NC 94 $13,650,000 $145,213 $4,927 3.36%
WORCESTER, MA-CT 67 $13,635,000 $203,507 $7,459 3.79%
SPOKANE-SPOKANE VALLEY, WA 67 $13,415,000 $200,224 $5,876 3.42%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 28 $13,390,000 $478,214 $12,748 3.38%
OCALA, FL 86 $13,370,000 $155,465 $5,765 3.51%
PROVO-OREM, UT 53 $13,145,000 $248,019 $7,551 3.38%
GREENSBORO-HIGH POINT, NC 81 $13,115,000 $161,914 $5,353 3.18%
LEXINGTON-FAYETTE, KY 78 $13,020,000 $166,923 $6,034 3.52%
CHATTANOOGA, TN-GA 79 $13,015,000 $164,747 $6,505 3.55%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 83 $12,565,000 $151,386 $4,733 3.41%
YORK-HANOVER, PA 70 $12,320,000 $176,000 $5,513 3.30%
COEUR D'ALENE, ID 52 $12,060,000 $231,923 $7,265 3.13%
DOVER, DE 59 $11,905,000 $201,780 $5,550 3.19%
LANSING-EAST LANSING, MI 82 $11,660,000 $142,195 $5,041 3.36%
DAYTON-KETTERING, OH 80 $11,550,000 $144,375 $5,185 3.64%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 60 $10,920,000 $182,000 $5,376 3.52%
LAKE HAVASU CITY-KINGMAN, AZ 54 $10,700,000 $198,148 $5,808 3.78%
SALISBURY, MD-DE 52 $10,600,000 $203,846 $6,389 3.61%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 50 $10,400,000 $208,000 $6,435 3.11%
EUGENE-SPRINGFIELD, OR 47 $10,395,000 $221,170 $6,389 3.36%
READING, PA 58 $10,360,000 $178,621 $6,778 3.40%
CALIFORNIA-LEXINGTON PARK, MD 37 $10,025,000 $270,946 $6,623 3.24%
DES MOINES-WEST DES MOINES, IA 68 $9,800,000 $144,118 $4,119 3.24%
HARRISBURG-CARLISLE, PA 56 $9,800,000 $175,000 $5,860 3.38%
HOMOSASSA SPRINGS, FL 62 $9,560,000 $154,194 $6,315 3.98%
DURHAM-CHAPEL HILL, NC 52 $9,550,000 $183,654 $5,234 3.34%
EL PASO, TX 67 $9,475,000 $141,418 $4,365 3.51%
TUSCALOOSA, AL 51 $9,465,000 $185,588 $4,767 3.53%
SAN LUIS OBISPO-PASO ROBLES, CA 27 $9,315,000 $345,000 $8,236 3.56%
ROANOKE, VA 49 $9,195,000 $187,653 $5,943 3.44%
WINCHESTER, VA-WV 40 $8,920,000 $223,000 $6,272 3.43%
JACKSON, MS 56 $8,850,000 $158,036 $4,891 3.41%
LAREDO, TX 51 $8,785,000 $172,255 $6,362 3.74%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 36 $8,780,000 $243,889 $6,005 3.31%
MERCED, CA 37 $8,715,000 $235,541 $6,771 3.37%
MANCHESTER-NASHUA, NH 39 $8,515,000 $218,333 $6,931 3.27%
NAPLES-MARCO ISLAND, FL 36 $8,490,000 $235,833 $7,315 3.44%
SPARTANBURG, SC 49 $8,385,000 $171,122 $7,196 3.62%
HILTON HEAD ISLAND-BLUFFTON, SC 36 $8,360,000 $232,222 $7,455 3.15%
OMAHA-COUNCIL BLUFFS, NE-IA 52 $8,330,000 $160,192 $4,561 3.22%
KENNEWICK-RICHLAND, WA 36 $8,190,000 $227,500 $5,518 3.45%
ROCHESTER, NY 59 $8,135,000 $137,881 $5,334 3.29%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 50 $8,120,000 $162,400 $4,956 3.13%
PUNTA GORDA, FL 43 $8,095,000 $188,256 $5,671 3.33%
SHREVEPORT-BOSSIER CITY, LA 52 $8,070,000 $155,192 $5,238 3.81%
CORPUS CHRISTI, TX 43 $8,035,000 $186,860 $5,564 4.02%
YUBA CITY, CA 33 $8,005,000 $242,576 $6,437 3.36%
TULSA, OK 55 $7,955,000 $144,636 $5,172 3.15%
MONTGOMERY, AL 45 $7,695,000 $171,000 $4,356 3.19%
NORWICH-NEW LONDON, CT 39 $7,675,000 $196,795 $6,638 3.68%
SANTA ROSA-PETALUMA, CA 19 $7,595,000 $399,737 $11,733 3.07%
FLINT, MI 54 $7,510,000 $139,074 $5,684 3.38%
FORT COLLINS, CO 26 $7,460,000 $286,923 $8,610 3.31%
FORT WAYNE, IN 49 $7,425,000 $151,531 $5,063 3.39%
TRENTON-PRINCETON, NJ 33 $7,355,000 $222,879 $7,729 3.37%
LANCASTER, PA 41 $7,225,000 $176,220 $5,772 3.35%
LAFAYETTE, LA 46 $7,220,000 $156,957 $6,199 3.44%
ASHEVILLE, NC 41 $7,145,000 $174,268 $5,443 3.31%
BILLINGS, MT 32 $7,120,000 $222,500 $9,217 3.51%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 11 $7,045,000 $640,455 $11,675 4.15%
EVANSVILLE, IN-KY 42 $6,940,000 $165,238 $4,744 3.72%
MACON-BIBB COUNTY, GA 36 $6,850,000 $190,278 $5,153 3.74%
ATLANTIC CITY-HAMMONTON, NJ 36 $6,850,000 $190,278 $5,632 3.30%
GRAND JUNCTION, CO 35 $6,835,000 $195,286 $6,441 3.45%
SANTA CRUZ-WATSONVILLE, CA 14 $6,760,000 $482,857 $11,924 3.27%
MOBILE, AL 44 $6,680,000 $151,818 $4,611 3.40%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 46 $6,620,000 $143,913 $5,870 3.41%
MADERA, CA 28 $6,610,000 $236,071 $7,908 3.48%
MOUNT VERNON-ANACORTES, WA 27 $6,585,000 $243,889 $7,069 3.23%
CHARLOTTESVILLE, VA 33 $6,585,000 $199,545 $5,743 3.63%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 50 $6,550,000 $131,000 $6,171 3.38%
HUNTINGTON-ASHLAND, WV-KY-OH 44 $6,420,000 $145,909 $4,951 3.68%
PUEBLO, CO 34 $6,400,000 $188,235 $5,740 3.34%
BEND, OR 25 $6,255,000 $250,200 $6,897 3.39%
LYNCHBURG, VA 39 $6,205,000 $159,103 $5,034 3.70%
PANAMA CITY, FL 34 $6,180,000 $181,765 $5,630 3.88%
WILMINGTON, NC 32 $6,120,000 $191,250 $5,110 3.37%
TOLEDO, OH 34 $6,090,000 $179,118 $5,440 3.80%
AUBURN-OPELIKA, AL 31 $6,065,000 $195,645 $4,468 3.18%
WARNER ROBINS, GA 39 $6,055,000 $155,256 $4,517 3.46%
TALLAHASSEE, FL 32 $5,990,000 $187,188 $6,353 3.49%
HANFORD-CORCORAN, CA 31 $5,915,000 $190,806 $4,793 3.17%
REDDING, CA 26 $5,900,000 $226,923 $7,713 3.80%
LONGVIEW, WA 25 $5,895,000 $235,800 $6,591 3.17%
MANKATO, MN 32 $5,890,000 $184,063 $7,220 3.64%
HINESVILLE, GA 37 $5,765,000 $155,811 $3,877 3.44%
WICHITA, KS 43 $5,705,000 $132,674 $4,315 3.28%
MADISON, WI 32 $5,640,000 $176,250 $6,293 3.27%
AKRON, OH 41 $5,545,000 $135,244 $4,489 3.41%
GULFPORT-BILOXI, MS 34 $5,520,000 $162,353 $5,133 3.52%
MCALLEN-EDINBURG-MISSION, TX 36 $5,440,000 $151,111 $5,930 3.68%
ELIZABETHTOWN-FORT KNOX, KY 33 $5,355,000 $162,273 $4,116 3.63%
SPRINGFIELD, MO 43 $5,295,000 $123,140 $4,215 3.18%
EL CENTRO, CA 29 $5,255,000 $181,207 $6,284 3.32%
ANN ARBOR, MI 28 $5,250,000 $187,500 $6,185 3.24%
GAINESVILLE, GA 25 $5,145,000 $205,800 $6,012 3.52%
SYRACUSE, NY 40 $5,070,000 $126,750 $4,369 3.32%
HICKORY-LENOIR-MORGANTON, NC 32 $4,900,000 $153,125 $4,387 3.31%
BEAUMONT-PORT ARTHUR, TX 33 $4,895,000 $148,333 $6,203 3.74%
WACO, TX 24 $4,820,000 $200,833 $5,820 4.11%
SCRANTON--WILKES-BARRE, PA 32 $4,720,000 $147,500 $5,558 3.61%
GLENS FALLS, NY 28 $4,570,000 $163,214 $6,316 3.56%
DAPHNE-FAIRHOPE-FOLEY, AL 23 $4,505,000 $195,870 $6,224 3.38%
IDAHO FALLS, ID 21 $4,445,000 $211,667 $7,230 3.52%
YAKIMA, WA 23 $4,425,000 $192,391 $6,431 3.50%
LAFAYETTE-WEST LAFAYETTE, IN 32 $4,390,000 $137,188 $5,525 3.49%
SEBASTIAN-VERO BEACH, FL 21 $4,385,000 $208,810 $6,150 3.45%
MONROE, LA 29 $4,345,000 $149,828 $5,861 3.34%
BLOOMINGTON, IN 24 $4,300,000 $179,167 $5,402 3.57%
CANTON-MASSILLON, OH 29 $4,255,000 $146,724 $4,580 3.49%
SIOUX CITY, IA-NE-SD 27 $4,235,000 $156,852 $5,204 3.67%
GAINESVILLE, FL 30 $4,230,000 $141,000 $5,377 3.63%
GREEN BAY, WI 23 $4,165,000 $181,087 $6,415 3.36%
ELKHART-GOSHEN, IN 28 $4,130,000 $147,500 $4,210 3.41%
NEW BERN, NC 24 $4,120,000 $171,667 $5,083 3.51%
CHICO, CA 19 $4,095,000 $215,526 $6,971 4.10%
TYLER, TX 23 $4,075,000 $177,174 $6,644 3.70%
MEDFORD, OR 18 $3,960,000 $220,000 $6,834 3.61%
FLAGSTAFF, AZ 17 $3,955,000 $232,647 $7,901 3.29%
NAPA, CA 11 $3,935,000 $357,727 $5,255 3.39%
HAMMOND, LA 24 $3,920,000 $163,333 $6,052 3.29%
CLEVELAND, TN 20 $3,920,000 $196,000 $6,216 3.51%
BLACKSBURG-CHRISTIANSBURG, VA 24 $3,900,000 $162,500 $5,641 3.26%
BELLINGHAM, WA 16 $3,840,000 $240,000 $7,400 3.21%
HOUMA-THIBODAUX, LA 24 $3,820,000 $159,167 $5,739 3.72%
COLUMBIA, MO 21 $3,795,000 $180,714 $4,828 3.47%
MORRISTOWN, TN 24 $3,770,000 $157,083 $5,703 3.38%
EAST STROUDSBURG, PA 21 $3,755,000 $178,810 $7,114 3.28%
VINELAND-BRIDGETON, NJ 22 $3,670,000 $166,818 $5,982 3.53%
SPRINGFIELD, OH 25 $3,585,000 $143,400 $5,557 3.93%
ANCHORAGE, AK 15 $3,535,000 $235,667 $7,086 3.09%
CASPER, WY 20 $3,530,000 $176,500 $4,917 3.40%
TOPEKA, KS 25 $3,525,000 $141,000 $4,524 3.13%
BROWNSVILLE-HARLINGEN, TX 23 $3,505,000 $152,391 $4,848 3.35%
OCEAN CITY, NJ 17 $3,445,000 $202,647 $7,275 3.64%
LAS CRUCES, NM 17 $3,365,000 $197,941 $7,001 3.32%
RAPID CITY, SD 16 $3,360,000 $210,000 $5,369 3.72%
ALBANY-LEBANON, OR 17 $3,355,000 $197,353 $6,248 3.46%
LONGVIEW, TX 21 $3,285,000 $156,429 $5,438 3.71%
ROCHESTER, MN 19 $3,275,000 $172,368 $6,200 3.18%
ST. GEORGE, UT 15 $3,215,000 $214,333 $6,808 3.46%
LIMA, OH 23 $3,185,000 $138,478 $5,226 4.24%
DECATUR, AL 19 $3,115,000 $163,947 $4,564 3.61%
DOTHAN, AL 22 $3,110,000 $141,364 $3,376 3.25%
CHAMBERSBURG-WAYNESBORO, PA 19 $3,085,000 $162,368 $5,955 3.45%
MONROE, MI 17 $3,035,000 $178,529 $5,999 3.32%
ODESSA, TX 18 $3,030,000 $168,333 $6,560 3.76%
CHARLESTON, WV 24 $3,020,000 $125,833 $4,721 3.83%
SIERRA VISTA-DOUGLAS, AZ 18 $3,010,000 $167,222 $3,982 2.99%
SEBRING-AVON PARK, FL 17 $2,985,000 $175,588 $7,642 3.71%
GOLDSBORO, NC 20 $2,970,000 $148,500 $4,412 3.79%
LAWTON, OK 17 $2,965,000 $174,412 $3,552 3.17%
JACKSON, MI 20 $2,950,000 $147,500 $5,184 3.49%
KALAMAZOO-PORTAGE, MI 18 $2,950,000 $163,889 $6,136 3.19%
SUMTER, SC 18 $2,940,000 $163,333 $4,573 3.38%
GREENVILLE, NC 17 $2,925,000 $172,059 $4,562 3.62%
MANHATTAN, KS 17 $2,905,000 $170,882 $4,051 3.50%
CHAMPAIGN-URBANA, IL 17 $2,885,000 $169,706 $5,284 3.46%
APPLETON, WI 18 $2,880,000 $160,000 $5,104 3.31%
MUSKEGON, MI 17 $2,865,000 $168,529 $6,957 3.37%
CEDAR RAPIDS, IA 21 $2,865,000 $136,429 $4,553 3.19%
YUMA, AZ 17 $2,855,000 $167,941 $4,562 3.01%
FLORENCE, SC 16 $2,810,000 $175,625 $4,908 3.38%
VICTORIA, TX 15 $2,805,000 $187,000 $7,219 3.68%
BOULDER, CO 9 $2,775,000 $308,333 $8,926 3.28%
TERRE HAUTE, IN 21 $2,695,000 $128,333 $5,330 3.30%
PEORIA, IL 21 $2,665,000 $126,905 $4,135 3.55%
BOWLING GREEN, KY 16 $2,650,000 $165,625 $5,764 3.41%
ATHENS-CLARKE COUNTY, GA 20 $2,630,000 $131,500 $4,859 3.38%
GRANTS PASS, OR 12 $2,620,000 $218,333 $5,934 3.02%
ALEXANDRIA, LA 17 $2,535,000 $149,118 $5,561 3.35%
HATTIESBURG, MS 19 $2,525,000 $132,895 $4,026 3.57%
ROCKFORD, IL 19 $2,495,000 $131,316 $5,446 3.46%
FORT SMITH, AR-OK 20 $2,490,000 $124,500 $4,332 3.14%
OWENSBORO, KY 16 $2,430,000 $151,875 $6,656 4.19%
UTICA-ROME, NY 19 $2,325,000 $122,368 $6,017 3.42%
SANTA FE, NM 9 $2,285,000 $253,889 $7,858 3.29%
SOUTH BEND-MISHAWAKA, IN-MI 19 $2,285,000 $120,263 $4,616 3.39%
ROCKY MOUNT, NC 12 $2,270,000 $189,167 $5,539 3.39%
AMARILLO, TX 14 $2,270,000 $162,143 $5,695 3.26%
Outside of Metro Areas 9 $2,255,000 $250,556 $8,463 3.44%
LEWISTON-AUBURN, ME 14 $2,240,000 $160,000 $5,030 3.48%
SHERMAN-DENISON, TX 12 $2,240,000 $186,667 $8,056 4.03%
RACINE, WI 13 $2,235,000 $171,923 $5,292 3.24%
GETTYSBURG, PA 12 $2,220,000 $185,000 $7,302 3.24%
LUBBOCK, TX 16 $2,160,000 $135,000 $4,310 3.27%
LOGAN, UT-ID 12 $2,130,000 $177,500 $6,373 3.59%
FARMINGTON, NM 12 $2,090,000 $174,167 $5,730 3.45%
CORVALLIS, OR 9 $2,065,000 $229,444 $5,744 3.29%
DALTON, GA 17 $2,065,000 $121,471 $5,419 3.39%
KINGSPORT-BRISTOL, TN-VA 14 $2,060,000 $147,143 $5,619 3.64%
JACKSON, TN 17 $2,035,000 $119,706 $5,093 3.76%
NILES, MI 15 $2,025,000 $135,000 $5,044 3.48%
OSHKOSH-NEENAH, WI 13 $2,025,000 $155,769 $4,672 3.08%
SIOUX FALLS, SD 14 $2,020,000 $144,286 $5,483 3.09%
MIDLAND, TX 9 $2,015,000 $223,889 $7,301 3.63%
KAHULUI-WAILUKU-LAHAINA, HI 4 $1,980,000 $495,000 $16,862 3.72%
COLLEGE STATION-BRYAN, TX 13 $1,955,000 $150,385 $5,102 3.57%
KINGSTON, NY 9 $1,945,000 $216,111 $8,489 3.60%
ST. CLOUD, MN 10 $1,930,000 $193,000 $7,824 3.10%
THE VILLAGES, FL 9 $1,885,000 $209,444 $5,703 3.22%
BURLINGTON, NC 14 $1,870,000 $133,571 $4,707 3.33%
ALBANY, GA 12 $1,860,000 $155,000 $6,120 3.34%
JANESVILLE-BELOIT, WI 14 $1,850,000 $132,143 $4,437 3.33%
MICHIGAN CITY-LA PORTE, IN 13 $1,845,000 $141,923 $5,674 3.64%
KOKOMO, IN 14 $1,800,000 $128,571 $4,872 3.50%
COLUMBUS, IN 12 $1,780,000 $148,333 $5,491 3.41%
ABILENE, TX 11 $1,775,000 $161,364 $4,490 3.45%
LINCOLN, NE 13 $1,775,000 $136,538 $5,043 2.91%
STAUNTON, VA 10 $1,770,000 $177,000 $3,979 3.28%
SAN RAFAEL, CA 4 $1,720,000 $430,000 $9,684 3.19%
BANGOR, ME 12 $1,700,000 $141,667 $4,659 3.31%
WATERTOWN-FORT DRUM, NY 12 $1,680,000 $140,000 $3,182 3.24%
BATTLE CREEK, MI 12 $1,640,000 $136,667 $4,059 3.67%
CHEYENNE, WY 8 $1,640,000 $205,000 $7,119 3.00%
WAUSAU-WESTON, WI 10 $1,640,000 $164,000 $4,825 3.21%
WENATCHEE, WA 8 $1,640,000 $205,000 $7,841 3.61%
ERIE, PA 11 $1,635,000 $148,636 $5,831 3.22%
LEBANON, PA 10 $1,630,000 $163,000 $6,256 3.21%
WALLA WALLA, WA 7 $1,615,000 $230,714 $5,931 3.30%
BRUNSWICK, GA 8 $1,610,000 $201,250 $4,738 2.94%
BLOOMINGTON, IL 10 $1,600,000 $160,000 $4,252 3.25%
EAU CLAIRE, WI 10 $1,600,000 $160,000 $5,111 3.21%
AMES, IA 12 $1,600,000 $133,333 $3,126 2.96%
BURLINGTON-SOUTH BURLINGTON, VT 8 $1,590,000 $198,750 $6,586 3.33%
CAPE GIRARDEAU, MO-IL 11 $1,585,000 $144,091 $5,960 3.41%
HARRISONBURG, VA 8 $1,510,000 $188,750 $5,671 3.70%
SAGINAW, MI 12 $1,500,000 $125,000 $3,935 3.57%
WICHITA FALLS, TX 9 $1,475,000 $163,889 $3,946 3.53%
HOT SPRINGS, AR 10 $1,460,000 $146,000 $5,194 3.74%
FLORENCE-MUSCLE SHOALS, AL 9 $1,455,000 $161,667 $4,621 3.57%
CARSON CITY, NV 5 $1,445,000 $289,000 $5,763 3.40%
VALDOSTA, GA 10 $1,430,000 $143,000 $5,096 3.50%
WILLIAMSPORT, PA 10 $1,360,000 $136,000 $6,861 3.20%
BAY CITY, MI 8 $1,360,000 $170,000 $5,148 3.58%
ANNISTON-OXFORD, AL 11 $1,355,000 $123,182 $5,066 3.34%
MANSFIELD, OH 14 $1,330,000 $95,000 $4,919 3.20%
STATE COLLEGE, PA 7 $1,285,000 $183,571 $6,917 3.34%
JEFFERSON CITY, MO 12 $1,240,000 $103,333 $3,603 3.44%
LAKE CHARLES, LA 8 $1,210,000 $151,250 $6,193 3.72%
POCATELLO, ID 7 $1,175,000 $167,857 $7,639 3.38%
DECATUR, IL 12 $1,170,000 $97,500 $4,444 3.97%
JOPLIN, MO 10 $1,140,000 $114,000 $4,511 3.15%
MORGANTOWN, WV 7 $1,125,000 $160,714 $4,944 3.63%
LAWRENCE, KS 7 $1,105,000 $157,857 $4,145 3.32%
TEXARKANA, TX-AR 8 $1,090,000 $136,250 $6,552 3.41%
MUNCIE, IN 8 $1,080,000 $135,000 $4,891 3.59%
TWIN FALLS, ID 6 $1,080,000 $180,000 $6,362 3.56%
SAN ANGELO, TX 6 $1,060,000 $176,667 $3,815 4.04%
JOHNSON CITY, TN 10 $1,040,000 $104,000 $3,023 3.66%
DULUTH, MN-WI 7 $1,025,000 $146,429 $6,155 3.23%
CUMBERLAND, MD-WV 6 $940,000 $156,667 $5,643 4.15%
BINGHAMTON, NY 9 $935,000 $103,889 $5,059 3.29%
FAIRBANKS, AK 5 $895,000 $179,000 $5,662 3.25%
ROME, GA 7 $835,000 $119,286 $5,472 3.98%
PARKERSBURG-VIENNA, WV 6 $830,000 $138,333 $5,389 3.58%
WATERLOO-CEDAR FALLS, IA 5 $825,000 $165,000 $5,060 3.20%
MIDLAND, MI 6 $820,000 $136,667 $5,541 3.60%
SHEBOYGAN, WI 6 $800,000 $133,333 $4,232 2.92%
LA CROSSE-ONALASKA, WI-MN 6 $790,000 $131,667 $4,324 3.58%
JONESBORO, AR 5 $785,000 $157,000 $4,982 2.95%
BECKLEY, WV 5 $765,000 $153,000 $3,246 3.43%
CARBONDALE-MARION, IL 6 $760,000 $126,667 $4,212 2.88%
WHEELING, WV-OH 7 $715,000 $102,143 $5,342 3.34%
KANKAKEE, IL 5 $695,000 $139,000 $3,961 3.63%
FOND DU LAC, WI 6 $680,000 $113,333 $4,265 3.63%
DANVILLE, IL 5 $675,000 $135,000 $2,054 3.23%
WEIRTON-STEUBENVILLE, WV-OH 7 $655,000 $93,571 $3,375 3.39%
PINE BLUFF, AR 5 $625,000 $125,000 $4,668 3.28%
FARGO, ND-MN 5 $625,000 $125,000 $4,170 3.33%
ALTOONA, PA 6 $620,000 $103,333 $6,544 3.75%
GADSDEN, AL 5 $615,000 $123,000 $3,064 4.30%
ST. JOSEPH, MO-KS 5 $575,000 $115,000 $4,390 3.68%
BLOOMSBURG-BERWICK, PA 5 $435,000 $87,000 $4,856 3.63%
LEWISTON, ID-WA 3 $365,000 $121,667 $5,353 3.13%
ELMIRA, NY 3 $335,000 $111,667 $6,111 3.83%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 1 $325,000 $325,000 $14,061 5.13%
ITHACA, NY 2 $320,000 $160,000 $5,023 3.00%
JOHNSTOWN, PA 3 $305,000 $101,667 $3,670 3.17%
GREAT FALLS, MT 3 $285,000 $95,000 $3,355 3.63%
DUBUQUE, IA 2 $280,000 $140,000 $5,385 3.06%
SPRINGFIELD, IL 2 $270,000 $135,000 $5,651 4.38%
MISSOULA, MT 1 $255,000 $255,000 $5,225 3.63%
IOWA CITY, IA 3 $235,000 $78,333 $3,268 3.04%
SPRINGFIELD, MA 1 $215,000 $215,000 $7,521 5.13%
ENID, OK 1 $145,000 $145,000 $8,444 3.13%

Carrington Mortgage Services 's top markets include Riverside, Washington, Los Angeles, New York, and Atlanta among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 18,570 $4,137,950,000 $222,830
2.5-3% 10,531 $2,233,805,000 $212,117
4-5% 4,501 $976,775,000 $217,013
<2.5% 1,803 $382,395,000 $212,088
5-6% 1,636 $341,800,000 $208,924
6-7% 113 $37,835,000 $334,823
Over 8% 88 $18,520,000 $210,455
7-8% 85 $23,245,000 $273,471

During 2020, Carrington Mortgage Services 's average interest rate was 3.57%, while their most frequently originated rate bucket was 3-4%, with 18,570 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 16,092 $2,423,120,000 $150,579 $5,225 3.45%
$200k-400k 15,325 $4,168,205,000 $271,987 $7,860 3.44%
$100,000 or less 3,308 $264,590,000 $79,985 $3,994 3.49%
$400k-600k 2,267 $1,051,405,000 $463,787 $11,674 3.43%
$600k-1MM 309 $210,815,000 $682,249 $19,159 3.61%
$1MM+ 26 $34,190,000 $1,315,000 $29,210 4.78%

2020 saw Carrington Mortgage Services place emphasis on $100k-200k loans with 16,092 originations, totaling $2,423,120,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 8,389 $1,516,555,000 $180,779 $6,730 3.52%
$75k-100k 5,937 $1,330,975,000 $224,183 $7,659 3.51%
$100k-150k 5,436 $1,427,560,000 $262,612 $8,303 3.47%
$50k or less 5,082 $676,720,000 $133,160 $5,686 3.52%
$150k-250k 2,016 $643,750,000 $319,320 $9,131 3.52%
$250k+ 314 $143,090,000 $455,701 $10,266 4.01%

Carrington Mortgage Services lent most frequently to those with incomes in the $50k-75k range, with 8,389 originations. The second most popular income band? $75k-100k, with 5,937 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 4,841 $898,565,000 $185,616 $5,953 3.37%
30-36% 4,783 $961,245,000 $200,971 $6,737 3.49%
50-60% 2,619 $648,425,000 $247,585 $10,257 3.52%
<20% 1,281 $220,315,000 $171,987 $5,098 3.27%
44% 1,205 $268,385,000 $222,726 $7,568 3.56%
41% 1,087 $230,055,000 $211,642 $7,294 3.63%
42% 1,071 $227,375,000 $212,302 $7,382 3.73%
40% 1,050 $222,430,000 $211,838 $7,087 3.62%
43% 1,038 $224,910,000 $216,676 $7,399 3.54%
39% 1,027 $219,705,000 $213,929 $7,500 3.62%
38% 997 $210,515,000 $211,148 $6,964 3.59%
37% 993 $210,625,000 $212,110 $7,150 3.57%
36% 937 $197,395,000 $210,667 $7,187 3.56%
45% 889 $201,735,000 $226,924 $7,879 3.59%
49% 885 $216,465,000 $244,593 $8,229 3.56%
46% 837 $195,065,000 $233,053 $8,247 3.53%
48% 808 $190,080,000 $235,248 $8,234 3.61%
47% 764 $180,040,000 $235,654 $8,312 3.54%
>60% 25 $7,885,000 $315,400 $8,873 3.39%

Carrington Mortgage Services lent most frequently to those with DTI ratios of 20-30%, with 4,841 originations. The next most common DTI ratio? 30-36%, with 4,783 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 23,909 $5,040,435,000 $210,817 $6,596 3.46%
Black 6,273 $1,405,075,000 $223,988 $6,973 3.52%
Not provided 5,749 $1,331,735,000 $231,646 $6,761 3.38%
Asian 851 $249,735,000 $293,461 $8,278 3.37%
American Indian 346 $70,030,000 $202,399 $5,800 3.37%
Native Hawaiian 190 $52,470,000 $276,158 $7,497 3.43%
Other Asian 2 $1,290,000 $645,000 $13,020 3.00%
Other Pacific Islander 2 $640,000 $320,000 $11,934 3.94%
Asian Indian 3 $555,000 $185,000 $9,043 3.79%
Filipino 2 $360,000 $180,000 $1,802 3.75%

Approval Rates

Total approvals of all applications
91.51%

Carrington Mortgage Services has an average approval rate.

Pick Rate

Approvals leading to origination
65.75%

Carrington Mortgage Services 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 37,327 $8,152,325,000 $218,403

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 1,509 $246,145,000 $163,118
Single Family (1-4 Units):Site-Built 35,818 $7,906,180,000 $220,732

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 588 $79,720,000 $135,578 $4,752 3.23%
40-60% 3,868 $663,100,000 $171,432 $5,040 3.23%
60-80% 11,737 $2,348,315,000 $200,078 $6,226 3.40%
80-100% 19,640 $4,631,880,000 $235,839 $7,400 3.53%
Over 100% 1,471 $426,465,000 $289,915 $6,810 3.45%
Under 20% 23 $2,845,000 $123,696 $4,648 3.45%