Mclean Mortgage Corporation Rates, Fees & Info

FAIRFAX, VA

LEI: 549300T0I2M6IPLVEN24

Tax ID: 41-2259092

5 stars - out of 5 stars, based on 118 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Mclean Mortgage Corporation is a mid-sized mortgage company specializing in Home Purchase and Refi loans. Mclean Mortgage Corporation has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Salisbury, Charlotte, Baltimore, and York among others. We have data for 117 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mclean Mortgage Corporation has an above average approval rate when compared to the average across all lenders. Mclean Mortgage Corporation 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.

    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 6.44% 10/3/22
    30 Year Conventional Refi 6.30% 10/3/22
    30 Year Cash-out Refi 6.47% 10/3/22
    30 Year FHA Purchase 7.28% 10/3/22
    30 Year FHA Refi 6.88% 10/3/22
    30 Year VA Purchase 6.07% 10/3/22
    30 Year VA Refi 5.87% 10/3/22
    30 Year USDA Purchase 6.71% 10/3/22
    30 Year USDA Refi 6.48% 10/3/22
    15 Year Conventional Purchase 6.03% 10/3/22
    15 Year Conventional Refi 6.07% 10/3/22
    15 Year Cash-out Refi 6.07% 10/3/22
    15 Year VA Purchase 6.30% 10/3/22
    15 Year VA Refi 5.84% 10/3/22
    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.


    Originations

    14,015

    Origination Dollar Volume (All Markets)

    $5,449,595,000
    Show all (30) awards

    Relative Rate

    Mclean Mortgage Corporation's average 30 year fixed mortgage rate was 2.9%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.25%.

    Relative Fees (Closing Costs)

    Mclean Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $5,356.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 7,890 $3,758,090,000 $476,311 $5,639 2.82%
    SALISBURY, MD-DE (FHA|USDA|VA) 1,030 $271,990,000 $264,068 $4,161 3.01%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 789 $226,365,000 $286,901 $3,747 2.88%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 462 $174,340,000 $377,359 $5,141 2.89%
    YORK-HANOVER, PA (FHA|USDA|VA) 667 $134,565,000 $201,747 $5,158 2.84%
    RICHMOND, VA (FHA|USDA|VA) 463 $126,825,000 $273,920 $3,944 2.95%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 448 $121,970,000 $272,254 $4,686 2.97%
    WINCHESTER, VA-WV (FHA|USDA|VA) 251 $76,795,000 $305,956 $5,657 2.94%
    Outside of Metro Areas 262 $70,790,000 $270,191 $4,488 2.94%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 151 $38,945,000 $257,914 $3,732 3.19%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 87 $37,965,000 $436,379 $6,526 3.02%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 126 $35,060,000 $278,254 $4,409 3.01%
    LYNCHBURG, VA (FHA|USDA|VA) 152 $31,340,000 $206,184 $3,371 2.96%
    WINSTON-SALEM, NC (FHA|USDA|VA) 119 $28,775,000 $241,807 $3,283 2.80%
    GETTYSBURG, PA (FHA|USDA|VA) 104 $24,230,000 $232,981 $5,511 2.85%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 94 $20,430,000 $217,340 $3,155 2.99%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 101 $18,725,000 $185,396 $4,547 2.79%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 56 $18,150,000 $324,107 $4,861 3.13%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 26 $13,060,000 $502,308 $5,092 2.85%
    RALEIGH-CARY, NC (FHA|USDA|VA) 38 $10,850,000 $285,526 $3,749 2.86%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 30 $9,600,000 $320,000 $4,139 2.86%
    Cambridge, MD (FHA|USDA|VA) 36 $9,390,000 $260,833 $4,591 3.02%
    LANCASTER, PA (FHA|USDA|VA) 40 $9,270,000 $231,750 $5,112 2.89%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 26 $9,110,000 $350,385 $4,338 2.71%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 34 $8,760,000 $257,647 $4,305 2.71%
    Kill Devil Hills, NC (FHA|USDA|VA) 19 $8,735,000 $459,737 $4,566 2.97%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 18 $8,440,000 $468,889 $4,647 2.85%
    JACKSONVILLE, FL (FHA|USDA|VA) 32 $8,030,000 $250,938 $4,763 2.99%
    DOVER, DE (FHA|USDA|VA) 28 $6,950,000 $248,214 $5,706 2.94%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 24 $6,890,000 $287,083 $3,175 3.05%
    Easton, MD (FHA|USDA|VA) 14 $6,760,000 $482,857 $5,849 3.11%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 18 $6,450,000 $358,333 $5,078 2.86%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 15 $6,225,000 $415,000 $4,989 2.98%
    BURLINGTON, NC (FHA|USDA|VA) 20 $5,710,000 $285,500 $3,234 3.25%
    ROANOKE, VA (FHA|USDA|VA) 18 $5,390,000 $299,444 $4,600 2.94%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 13 $5,245,000 $403,462 $6,305 3.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 12 $5,020,000 $418,333 $4,316 3.04%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 22 $4,660,000 $211,818 $4,701 2.57%
    WILMINGTON, NC (FHA|USDA|VA) 17 $4,605,000 $270,882 $3,128 2.96%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 9 $4,525,000 $502,778 $6,884 3.14%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 13 $4,405,000 $338,846 $3,843 2.86%
    PITTSBURGH, PA (FHA|USDA|VA) 11 $3,075,000 $279,545 $4,868 2.98%
    Key West, FL (FHA|USDA|VA) 7 $2,925,000 $417,857 $4,094 2.86%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 6 $2,850,000 $475,000 $3,988 2.81%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $2,485,000 $497,000 $5,371 2.85%
    Georgetown, SC (FHA|USDA|VA) 8 $2,480,000 $310,000 $4,634 3.05%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 8 $2,460,000 $307,500 $4,050 2.67%
    Albemarle, NC (FHA|USDA|VA) 9 $2,425,000 $269,444 $4,923 3.03%
    COLUMBIA, SC (FHA|USDA|VA) 11 $2,335,000 $212,273 $3,458 3.21%
    ASHEVILLE, NC (FHA|USDA|VA) 6 $2,140,000 $356,667 $2,927 2.96%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $2,050,000 $341,667 $5,093 2.96%
    LEBANON, PA (FHA|USDA|VA) 6 $1,860,000 $310,000 $4,313 3.29%
    PANAMA CITY, FL (FHA|USDA|VA) 5 $1,755,000 $351,000 $4,502 2.92%
    Morehead City, NC (FHA|USDA|VA) 5 $1,735,000 $347,000 $5,240 2.88%
    FLORENCE, SC (FHA|USDA|VA) 5 $1,725,000 $345,000 $4,536 3.22%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 7 $1,545,000 $220,714 $3,835 2.91%
    FAYETTEVILLE, NC (FHA|USDA|VA) 8 $1,530,000 $191,250 $3,625 2.70%
    Seneca, SC (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $6,861 3.38%
    ALTOONA, PA (FHA|USDA|VA) 9 $1,495,000 $166,111 $4,780 3.04%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $1,360,000 $340,000 $6,882 2.88%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 5 $1,275,000 $255,000 $3,997 2.35%
    KNOXVILLE, TN (FHA|USDA|VA) 4 $1,270,000 $317,500 $4,486 2.97%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 5 $1,115,000 $223,000 $4,551 3.03%
    PUNTA GORDA, FL (FHA|USDA|VA) 3 $1,065,000 $355,000 $5,855 3.29%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $1,055,000 $351,667 $9,198 3.13%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 4 $1,050,000 $262,500 $4,046 2.75%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $1,045,000 $1,045,000 $2,467 3.25%
    Huntingdon, PA (FHA|USDA|VA) 7 $995,000 $142,143 $4,424 2.95%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 4 $920,000 $230,000 $2,876 3.12%
    HUNTSVILLE, AL (FHA|USDA|VA) 2 $890,000 $445,000 $4,160 2.69%
    Lewistown, PA (FHA|USDA|VA) 4 $880,000 $220,000 $6,137 2.84%
    STATE COLLEGE, PA (FHA|USDA|VA) 4 $830,000 $207,500 $3,835 3.16%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $765,000 $255,000 $2,617 2.71%
    Brevard, NC (FHA|USDA|VA) 1 $725,000 $725,000 $0 4.25%
    STAUNTON, VA (FHA|USDA|VA) 3 $725,000 $241,667 $3,591 2.88%
    NEW BERN, NC (FHA|USDA|VA) 2 $640,000 $320,000 $4,627 3.13%
    HARRISONBURG, VA (FHA|USDA|VA) 3 $635,000 $211,667 $3,154 3.13%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 6 $540,000 $90,000 $1,172 1.83%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $525,000 $525,000 $4,552 2.38%
    Cullowhee, NC (FHA|USDA|VA) 2 $500,000 $250,000 $3,431 3.06%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 3 $475,000 $158,333 $3,130 2.79%
    North Wilkesboro, NC (FHA|USDA|VA) 1 $465,000 $465,000 $0 3.88%
    JACKSONVILLE, NC (FHA|USDA|VA) 2 $430,000 $215,000 $5,208 3.13%
    CLEVELAND, TN (FHA|USDA|VA) 1 $425,000 $425,000 $2,796 2.63%
    MONTGOMERY, AL (FHA|USDA|VA) 3 $425,000 $141,667 $5,685 3.04%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $405,000 $405,000 $3,505 2.75%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $385,000 $385,000 $4,341 3.38%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 2 $350,000 $175,000 $2,584 2.75%
    WILLIAMSPORT, PA (FHA|USDA|VA) 1 $325,000 $325,000 $5,440 3.25%
    Boone, NC (FHA|USDA|VA) 1 $295,000 $295,000 $3,081 2.63%
    Newport, TN (FHA|USDA|VA) 1 $295,000 $295,000 $2,437 3.38%
    READING, PA (FHA|USDA|VA) 2 $270,000 $135,000 $4,507 2.81%
    Mount Airy, NC (FHA|USDA|VA) 1 $255,000 $255,000 $2,771 3.13%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 2 $250,000 $125,000 $4,099 2.77%
    Laurinburg, NC (FHA|USDA|VA) 1 $245,000 $245,000 $1,907 2.63%
    Danville, VA (FHA|USDA|VA) 2 $240,000 $120,000 $4,289 3.19%
    GREENVILLE, NC (FHA|USDA|VA) 1 $235,000 $235,000 $3,122 2.38%
    Cullman, AL (FHA|USDA|VA) 1 $235,000 $235,000 $3,351 3.38%
    OCALA, FL (FHA|USDA|VA) 1 $235,000 $235,000 $4,043 3.13%
    ROCKY MOUNT, NC (FHA|USDA|VA) 2 $230,000 $115,000 $2,781 2.88%
    Pottsville, PA (FHA|USDA|VA) 1 $225,000 $225,000 $11,610 2.25%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $2,903 2.25%
    Fort Payne, AL (FHA|USDA|VA) 1 $205,000 $205,000 $2,671 2.75%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,606 2.75%
    Shelby, NC (FHA|USDA|VA) 1 $205,000 $205,000 $2,426 3.25%
    Dayton, TN (FHA|USDA|VA) 1 $195,000 $195,000 $3,334 3.13%
    Indiana, PA (FHA|USDA|VA) 1 $185,000 $185,000 $3,923 3.25%
    Elizabeth City, NC (FHA|USDA|VA) 1 $175,000 $175,000 $6,516 3.00%
    Palatka, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,155 3.38%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $125,000 $125,000 $3,045 3.88%
    JOHNSTOWN, PA (FHA|USDA|VA) 1 $125,000 $125,000 $3,356 3.13%
    Somerset, PA (FHA|USDA|VA) 1 $115,000 $115,000 $4,137 3.75%
    Sunbury, PA (FHA|USDA|VA) 1 $95,000 $95,000 $2,599 2.88%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $85,000 $85,000 $2,124 2.50%
    Lewisburg, PA (FHA|USDA|VA) 1 $75,000 $75,000 $2,995 3.13%
    Roanoke Rapids, NC (FHA|USDA|VA) 1 $75,000 $75,000 $2,969 3.00%
    ERIE, PA (FHA|USDA|VA) 1 $55,000 $55,000 $3,823 3.88%

    Mclean Mortgage Corporation's top markets include Washington, Salisbury, Charlotte, Baltimore, and York among others.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 11,433 $4,368,495,000 $382,095 $4,250 2.91%
    VA 1,482 $772,860,000 $521,498 $9,220 2.55%
    FHA 937 $272,325,000 $290,635 $8,993 2.91%
    USDA 163 $35,915,000 $220,337 $6,017 2.83%

    For 2021, Mclean Mortgage Corporation's most frequently originated type of loan was Conventional, with 11,433 originations. Their 2nd most popular type was VA, with 1,482 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 8,344 $3,338,640,000 $400,125 $6,115 2.91%
    Refi 4,141 $1,568,895,000 $378,869 $3,458 2.75%
    Cash Out Refi 1,530 $542,060,000 $354,288 $4,103 2.97%

    For 2021, Mclean Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 8,344 originations. The 2nd most popular reason was Refi, with 4,141 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 12,360 $4,918,100,000 $397,905 $5,356 2.90%
    15 Year 912 $268,820,000 $294,759 $3,211 2.37%
    20 Year 333 $107,315,000 $322,267 $3,195 2.68%
    1 Year 174 $97,820,000 $562,184 $0 4.26%
    Other 127 $38,165,000 $300,512 $3,173 2.84%
    10 Year 100 $13,940,000 $139,400 $1,601 1.44%
    30+ year 9 $5,435,000 $603,889 $0 3.75%

    For 2021, Mclean Mortgage Corporation's most frequently cited loan duration was 30 Year, with 12,360 originations. The 2nd most popular length was 15 Year, with 912 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 8,399 $3,008,995,000 $358,256
    $<1k 2,831 $1,039,055,000 $367,028
    $2k-3k 1,570 $693,540,000 $441,745
    $3k-4k 495 $257,475,000 $520,152
    $5k+ 491 $334,735,000 $681,741
    $4k-5k 222 $114,200,000 $514,414

    Mclean Mortgage Corporation's average total fees were $5,356, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 8,399 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 7,444 $3,018,420,000 $405,484
    3-4% 3,471 $1,206,845,000 $347,694
    <2.5% 2,819 $1,099,465,000 $390,020
    4-5% 265 $121,255,000 $457,566
    5-6% 16 $3,610,000 $225,625

    During 2021, Mclean Mortgage Corporation's average interest rate for loans was 2.90%, while their most frequently originated rate bucket for loans was 2.5-3%, with 7,444 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 5,802 $1,707,040,000 $294,216 $4,380 2.88%
    $400k-600k 3,585 $1,760,905,000 $491,187 $5,662 2.82%
    $100k-200k 2,151 $340,765,000 $158,422 $3,592 2.98%
    $600k-1MM 1,844 $1,343,300,000 $728,471 $8,265 2.89%
    $100,000 or less 415 $21,035,000 $50,687 $1,912 2.52%
    $1MM+ 218 $276,550,000 $1,268,578 $11,219 2.94%

    2021 saw Mclean Mortgage Corporation place emphasis on $200k-400k loans with 5,802 originations, totaling $1,707,040,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 3,549 $1,419,795,000 $400,055 $5,332 2.89%
    $150k-250k 3,149 $1,550,135,000 $492,263 $5,696 2.90%
    $75k-100k 2,235 $708,015,000 $316,785 $4,856 2.87%
    $50k-75k 2,210 $540,930,000 $244,765 $4,588 2.86%
    $250k+ 1,471 $900,435,000 $612,124 $5,818 2.94%
    $50k or less 1,171 $221,725,000 $189,347 $3,867 2.77%

    Mclean Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 3,549 originations. The second most popular income band? $150k-250k, with 3,149 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 3,347 $1,314,415,000 $392,714 $4,579 2.86%
    30-36% 2,653 $1,017,985,000 $383,711 $5,022 2.87%
    <20% 1,263 $481,815,000 $381,485 $3,992 2.88%
    42% 531 $200,975,000 $378,484 $5,269 2.91%
    40% 530 $208,030,000 $392,509 $5,290 2.90%
    44% 504 $186,270,000 $369,583 $5,332 2.97%
    41% 500 $193,830,000 $387,660 $5,266 2.92%
    39% 492 $194,400,000 $395,122 $5,413 2.93%
    38% 484 $188,780,000 $390,041 $5,495 2.90%
    36% 478 $186,080,000 $389,289 $5,311 2.93%
    43% 477 $179,975,000 $377,306 $5,476 2.90%
    37% 469 $178,245,000 $380,053 $4,999 2.92%
    50-60% 455 $189,655,000 $416,824 $9,608 2.73%
    49% 322 $124,200,000 $385,714 $5,633 2.90%
    45% 309 $117,945,000 $381,699 $5,540 2.93%
    48% 292 $105,380,000 $360,890 $5,370 2.88%
    47% 282 $103,980,000 $368,723 $5,536 2.88%
    46% 261 $101,675,000 $389,559 $6,004 2.91%
    >60% 35 $19,615,000 $560,429 $11,436 2.83%

    Mclean Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 3,347 originations. The next most common DTI ratio? 30-36%, with 2,653 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 8,959 $3,437,485,000 $383,691 $5,015 2.87%
    Not provided 2,711 $1,051,795,000 $387,973 $5,120 2.88%
    Asian 1,053 $462,955,000 $439,653 $5,002 2.81%
    Black 1,000 $373,390,000 $373,390 $6,016 2.89%
    Asian Indian 97 $44,065,000 $454,278 $4,905 2.83%
    American Indian 90 $32,600,000 $362,222 $5,603 2.84%
    Other Asian 56 $25,110,000 $448,393 $5,745 2.83%
    Korean 11 $6,685,000 $607,727 $5,900 2.73%
    Native Hawaiian or Islander 15 $6,375,000 $425,000 $6,064 2.72%
    Filipino 8 $3,180,000 $397,500 $8,475 2.78%
    Vietnamese 5 $2,345,000 $469,000 $4,446 2.75%
    Chinese 5 $1,605,000 $321,000 $4,039 2.85%
    Japanese 3 $1,135,000 $378,333 $3,897 2.83%
    Other Pacific Islander 2 $870,000 $435,000 $4,362 3.13%

    Approval Rates

    Total approvals of all applications
    100.00%

    Mclean Mortgage Corporation 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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 14,015 $5,449,595,000 $388,840

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    14,015 $5,449,595,000 $388,840

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 467 $111,875,000 $239,561 $3,144 2.78%
    40-60% 1,818 $620,410,000 $341,260 $3,343 2.74%
    60-80% 4,608 $1,863,450,000 $404,395 $4,173 2.93%
    80-100% 6,452 $2,611,100,000 $404,696 $5,749 2.92%
    Over 100% 446 $233,200,000 $522,870 $17,104 2.61%
    Under 20% 219 $7,205,000 $32,900 $547 1.99%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    MCLEAN MORTGAGE CORPORATION Conventional home mortgage Trouble during payment process 1 50.0%
    MCLEAN MORTGAGE CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%