Crane Mortgage Rates, Fees & Info
Odon, INLEI: 549300SQ2G271NHKJQ07
Tax ID: 35-0978599
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Crane is a smaller mortgage company specializing in Cash Out Refi, Home Purchase, and Refi loans. Crane has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, Bloomington, Washington, Bedford, and Terre Haute among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Crane 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. Crane is typically a low 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.71% | 12/16/24 |
| 30 Year Conventional Refi | 6.55% | 12/16/24 |
| 30 Year Cash-out Refi | 6.53% | 12/16/24 |
| 15 Year Conventional Purchase | 5.93% | 12/16/24 |
| 15 Year Conventional Refi | 6.15% | 12/16/24 |
| 15 Year Cash-out Refi | 6.15% | 12/16/24 |
| 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. | ||
Crane Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Crane. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
287Origination Dollar Volume (All Markets)
$36,255,000Awards
CRANE - 2018
CRANE is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
Work for CRANE?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 104 | $11,310,000 | $108,750 | $1,147 | 4.44% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 46 | $10,910,000 | $237,174 | $1,149 | 4.74% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 18 | $3,600,000 | $200,000 | $1,140 | 4.58% |
| Washington, IN (FHA|USDA|VA) | 32 | $3,030,000 | $94,688 | $1,171 | 4.31% |
| Bedford, IN (FHA|USDA|VA) | 27 | $2,925,000 | $108,333 | $1,174 | 4.38% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 28 | $1,910,000 | $68,214 | $1,107 | 4.59% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 17 | $1,015,000 | $59,706 | $1,083 | 4.13% |
| Jasper, IN (FHA|USDA|VA) | 9 | $1,005,000 | $111,667 | $1,254 | 4.19% |
| Vincennes, IN (FHA|USDA|VA) | 5 | $465,000 | $93,000 | $1,155 | 4.48% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,154 | 4.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against CRANE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 18
Similarity Rank: 30
Similarity Rank: 30
Similarity Rank: 96
Similarity Rank: 120
Similarity Rank: 210
Similarity Rank: 255
Similarity Rank: 393
Similarity Rank: 495
Similarity Rank: 614
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 287 | $36,255,000 | $126,324 | $1,148 | 4.46% |
For 2018, Crane's most frequently originated type of loan was Conventional, with 287 originations.
Loan Reason
For 2018, Crane's most frequently cited loan purpose was Cash Out Refi, with 126 originations. The 2nd most popular reason was Home Purchase, with 78 originations.
Loan Duration/Length
For 2018, Crane's most frequently cited loan duration was 30 Year, with 82 originations. The 2nd most popular length was 15 Year, with 64 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 255 | $28,505,000 | $111,784 |
Crane's average total fees were $1,196, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 255 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 196 | $27,090,000 | $138,214 |
| 3-4% | 58 | $4,530,000 | $78,103 |
| 5-6% | 31 | $4,495,000 | $145,000 |
| 2.5-3% | 2 | $140,000 | $70,000 |
During 2018, Crane's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 4-5%, with 196 originations.
Loan Sizing
2018 saw Crane place emphasis on $100,000 or less loans with 155 originations, totaling $9,385,000 in origination value.
Applicant Income
Crane lent most frequently to those with incomes in the $50k-75k range, with 77 originations. The second most popular income band? $50k or less, with 62 originations.
Applicant Debt to Income Ratio
Crane lent most frequently to those with DTI ratios of <20%, with 92 originations. The next most common DTI ratio? 20-30%, with 80 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.04%
Crane has a below average approval rate.
Pick Rate
Approvals leading to origination78.75%
Crane has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 287 | $36,255,000 | $126,324 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 32 | $2,330,000 | $72,813 |
| Single Family (1-4 Units):Site-Built | 255 | $33,925,000 | $133,039 |