Animas Mortgage Rates, Fees & Info

Farmington, NM

LEI: 549300RHV043Z3X1NK23

Tax ID: 85-0154588

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Animas is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Animas has a high proportion of conventional loans. Their top (well, only) market is Farmington.

    Animas 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.

    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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    Originations

    14

    Origination Dollar Volume (All Markets)

    $1,700,000

    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
    FARMINGTON, NM (FHA|USDA|VA) 14 $1,700,000 $121,429 $2,063 3.93%
    Animas's top markets include and Farmington among others.

    Their top states include:
  • New Mexico (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 14 $1,700,000 $121,429 $2,063 3.93%

    For 2019, Animas's most frequently originated type of loan was Conventional, with 14 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 9 $845,000 $93,889 $1,524 4.08%
    Home Purchase 4 $800,000 $200,000 $3,394 3.69%
    Refi 1 $55,000 $55,000 $1,049 3.50%

    For 2019, Animas's most frequently cited loan purpose was Cash Out Refi, with 9 originations. The 2nd most popular reason was Home Purchase, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 13 $1,645,000 $126,538 $2,136 3.98%
    10 Year 1 $55,000 $55,000 $1,191 3.25%

    For 2019, Animas's most frequently cited loan duration was 15 Year, with 13 originations. The 2nd most popular length was 10 Year, with 1 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 12 $1,550,000 $129,167
    5-6% 1 $65,000 $65,000
    6-7% 1 $85,000 $85,000

    During 2019, Animas's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 12 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 11 $785,000 $71,364 $1,707 4.05%
    $100k-200k 1 $105,000 $105,000 $1,710 4.00%
    $200k-400k 1 $225,000 $225,000 $2,174 3.25%
    $400k-600k 1 $585,000 $585,000 $5,868 3.25%

    2019 saw Animas place emphasis on $100,000 or less loans with 11 originations, totaling $785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 5 $355,000 $71,000 $1,695 4.10%
    $50k-75k 4 $440,000 $110,000 $1,619 3.25%
    $100k-150k 2 $160,000 $80,000 $1,124 5.38%
    $250k+ 2 $670,000 $335,000 $3,954 3.63%
    $75k-100k 1 $75,000 $75,000 $2,833 3.50%

    Animas lent most frequently to those with incomes in the $50k or less range, with 5 originations. The second most popular income band? $50k-75k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 5 $375,000 $75,000 $2,172 3.60%
    40% 2 $130,000 $65,000 $1,367 3.25%
    38% 1 $65,000 $65,000 $1,303 5.75%
    41% 1 $55,000 $55,000 $1,049 3.50%
    42% 1 $105,000 $105,000 $1,710 4.00%
    44% 1 $585,000 $585,000 $5,868 3.25%
    <20% 1 $75,000 $75,000 $1,124 4.00%
    46% 1 $85,000 $85,000 $0 6.75%
    30-36% 1 $225,000 $225,000 $2,174 3.25%

    Animas lent most frequently to those with DTI ratios of 20-30%, with 5 originations. The next most common DTI ratio? 40%, with 2 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 12 $1,540,000 $128,333 $2,038 4.02%
    American Indian 2 $160,000 $80,000 $2,201 3.38%

    Approval Rates

    Total approvals of all applications
    100.00%

    Animas has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    78.57%

    Animas has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 14 $1,700,000 $121,429

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $65,000 $65,000
    Single Family (1-4 Units):Site-Built 13 $1,635,000 $125,769

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $110,000 $55,000 $1,943 3.75%
    40-60% 7 $505,000 $72,143 $1,592 3.75%
    60-80% 5 $1,085,000 $217,000 $2,948 4.25%