Animas Mortgage Rates, Fees & Info
Farmington, NMLEI: 549300RHV043Z3X1NK23
Tax ID: 85-0154588
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Mortgage Data
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.
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Originations
16Origination Dollar Volume (All Markets)
$2,080,000Top 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 |
|---|---|---|---|---|---|
| FARMINGTON, NM (FHA|USDA|VA) | 16 | $2,080,000 | $130,000 | $1,550 | 3.38% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 16 | $2,080,000 | $130,000 | $1,550 | 3.38% |
For 2020, Animas's most frequently originated type of loan was Conventional, with 16 originations.
Loan Reason
For 2020, Animas's most frequently cited loan purpose was Cash Out Refi, with 10 originations. The 2nd most popular reason was Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 16 | $2,080,000 | $130,000 | $1,550 | 3.38% |
For 2020, Animas's most frequently cited loan duration was 15 Year, with 16 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 10 | $1,280,000 | $128,000 |
| 2.5-3% | 5 | $755,000 | $151,000 |
| 5-6% | 1 | $45,000 | $45,000 |
During 2020, Animas's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 10 originations.
Loan Sizing
2020 saw Animas place emphasis on $100,000 or less loans with 10 originations, totaling $680,000 in origination value.
Applicant Income
Animas lent most frequently to those with incomes in the $50k or less range, with 5 originations. The second most popular income band? $100k-150k, with 3 originations.
Applicant Debt to Income Ratio
Animas lent most frequently to those with DTI ratios of <20%, with 7 originations. The next most common DTI ratio? 20-30%, with 3 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 15 | $2,045,000 | $136,333 | $1,605 | 3.35% |
| American Indian | 1 | $35,000 | $35,000 | $737 | 3.75% |
Approval Rates
Total approvals of all applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 16 | $2,080,000 | $130,000 |