Mclean Mortgage Corporation Rates, Fees & Info

FAIRFAX, VA

LEI: 549300T0I2M6IPLVEN24

Tax ID: 41-2259092

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

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Mortgage Data

Review & Overview

Mclean Mortgage Corporation is a mid-sized mortgage company specializing in Refi and Home Purchase 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, Charlotte, Salisbury, Baltimore, and Virginia Beach among others. We have data for 107 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. They have a below average pick rate when compared to similar 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 6.59% 3/28/24
30 Year Conventional Refi 6.45% 3/28/24
30 Year Cash-out Refi 6.66% 3/28/24
30 Year FHA Purchase 7.44% 3/28/24
30 Year FHA Refi 7.16% 3/28/24
30 Year VA Purchase 6.08% 3/28/24
30 Year VA Refi 6.12% 3/28/24
30 Year USDA Purchase 6.91% 3/28/24
15 Year Conventional Purchase 5.98% 3/28/24
15 Year Conventional Refi 6.01% 3/28/24
15 Year Cash-out Refi 6.01% 3/28/24
15 Year FHA Purchase 7.68% 3/28/24
15 Year VA Purchase 5.85% 3/28/24
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.

Mclean Mortgage Corporation Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Mclean Mortgage Corporation. 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

15,103

Origination Dollar Volume (All Markets)

$5,609,995,000
Show all (53) awards

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) 9,330 $4,105,940,000 $440,079 $5,213 2.94%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 910 $245,970,000 $270,297 $3,579 3.01%
SALISBURY, MD-DE (FHA|USDA|VA) 983 $243,035,000 $247,238 $3,821 3.05%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 453 $155,185,000 $342,572 $4,368 2.98%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 443 $130,395,000 $294,345 $4,618 2.98%
YORK-HANOVER, PA (FHA|USDA|VA) 612 $114,580,000 $187,222 $5,146 2.97%
RICHMOND, VA (FHA|USDA|VA) 415 $107,295,000 $258,542 $4,178 3.07%
Outside of Metro Areas 197 $56,595,000 $287,284 $4,088 2.94%
WINCHESTER, VA-WV (FHA|USDA|VA) 156 $43,460,000 $278,590 $4,908 3.00%
LYNCHBURG, VA (FHA|USDA|VA) 203 $39,705,000 $195,591 $3,460 3.12%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 162 $32,700,000 $201,852 $3,235 2.94%
WINSTON-SALEM, NC (FHA|USDA|VA) 136 $31,750,000 $233,456 $3,127 2.81%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 114 $31,150,000 $273,246 $4,526 2.94%
GETTYSBURG, PA (FHA|USDA|VA) 124 $25,060,000 $202,097 $5,463 3.08%
RALEIGH-CARY, NC (FHA|USDA|VA) 60 $17,090,000 $284,833 $2,972 2.80%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 51 $16,955,000 $332,451 $4,675 3.20%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 48 $16,320,000 $340,000 $4,548 3.04%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 39 $11,905,000 $305,256 $3,247 2.89%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 39 $11,125,000 $285,256 $3,312 2.99%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 27 $8,565,000 $317,222 $3,453 3.03%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 27 $8,045,000 $297,963 $3,781 2.87%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 21 $7,555,000 $359,762 $3,594 2.90%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 25 $7,515,000 $300,600 $4,464 2.92%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 28 $7,350,000 $262,500 $4,613 2.93%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 42 $7,300,000 $173,810 $5,003 2.81%
Easton, MD (FHA|USDA|VA) 16 $6,840,000 $427,500 $5,652 2.96%
Kill Devil Hills, NC (FHA|USDA|VA) 17 $6,375,000 $375,000 $3,603 3.06%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 19 $5,825,000 $306,579 $3,699 2.91%
LANCASTER, PA (FHA|USDA|VA) 26 $5,720,000 $220,000 $5,158 2.92%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 14 $5,240,000 $374,286 $4,595 3.22%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 14 $5,120,000 $365,714 $4,663 2.71%
DOVER, DE (FHA|USDA|VA) 22 $4,840,000 $220,000 $5,228 3.30%
ROANOKE, VA (FHA|USDA|VA) 19 $4,755,000 $250,263 $3,455 2.89%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 14 $4,720,000 $337,143 $4,132 3.12%
Cambridge, MD (FHA|USDA|VA) 17 $4,135,000 $243,235 $4,384 2.96%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 12 $4,050,000 $337,500 $5,463 2.98%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 12 $3,990,000 $332,500 $3,272 2.69%
WILMINGTON, NC (FHA|USDA|VA) 14 $3,650,000 $260,714 $4,033 3.30%
FAYETTEVILLE, NC (FHA|USDA|VA) 14 $3,350,000 $239,286 $5,213 2.77%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 7 $3,035,000 $433,571 $4,845 3.05%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 15 $2,965,000 $197,667 $5,603 3.26%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 9 $2,645,000 $293,889 $4,043 2.85%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 12 $2,630,000 $219,167 $3,662 2.92%
JACKSONVILLE, FL (FHA|USDA|VA) 9 $2,565,000 $285,000 $4,706 3.18%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 8 $2,530,000 $316,250 $3,849 2.98%
KNOXVILLE, TN (FHA|USDA|VA) 7 $2,515,000 $359,286 $3,895 2.80%
HARRISONBURG, VA (FHA|USDA|VA) 7 $2,375,000 $339,286 $3,659 2.93%
Key West, FL (FHA|USDA|VA) 5 $2,355,000 $471,000 $7,840 3.43%
Morehead City, NC (FHA|USDA|VA) 5 $2,225,000 $445,000 $2,979 2.80%
BURLINGTON, NC (FHA|USDA|VA) 8 $2,020,000 $252,500 $2,836 3.17%
ASHEVILLE, NC (FHA|USDA|VA) 6 $1,660,000 $276,667 $3,208 3.10%
PITTSBURGH, PA (FHA|USDA|VA) 6 $1,580,000 $263,333 $4,163 2.98%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 4 $1,490,000 $372,500 $3,815 3.09%
PORT ST. LUCIE, FL (FHA|USDA|VA) 6 $1,390,000 $231,667 $4,836 3.65%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $1,350,000 $337,500 $3,883 3.19%
Brevard, NC (FHA|USDA|VA) 3 $1,265,000 $421,667 $8,863 2.67%
Roanoke Rapids, NC (FHA|USDA|VA) 3 $1,235,000 $411,667 $5,489 2.83%
Danville, VA (FHA|USDA|VA) 7 $1,215,000 $173,571 $5,302 3.25%
PUNTA GORDA, FL (FHA|USDA|VA) 4 $900,000 $225,000 $4,492 2.78%
JACKSONVILLE, NC (FHA|USDA|VA) 5 $875,000 $175,000 $3,079 2.87%
Shelby, NC (FHA|USDA|VA) 3 $805,000 $268,333 $2,052 2.88%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 4 $800,000 $200,000 $3,730 2.91%
Albemarle, NC (FHA|USDA|VA) 2 $790,000 $395,000 $4,591 2.75%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $775,000 $258,333 $4,792 2.83%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $765,000 $255,000 $3,856 3.46%
Elizabeth City, NC (FHA|USDA|VA) 3 $735,000 $245,000 $4,444 3.50%
Greenwood, SC (FHA|USDA|VA) 2 $710,000 $355,000 $2,800 2.75%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $560,000 $280,000 $4,718 3.50%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 2 $550,000 $275,000 $3,945 2.87%
READING, PA (FHA|USDA|VA) 3 $545,000 $181,667 $5,126 3.71%
PANAMA CITY, FL (FHA|USDA|VA) 2 $520,000 $260,000 $4,707 3.44%
Huntingdon, PA (FHA|USDA|VA) 4 $510,000 $127,500 $4,007 2.81%
Georgetown, SC (FHA|USDA|VA) 1 $505,000 $505,000 $0 4.25%
Sanford, NC (FHA|USDA|VA) 2 $500,000 $250,000 $4,606 2.63%
EAST STROUDSBURG, PA (FHA|USDA|VA) 3 $495,000 $165,000 $4,828 3.50%
THE VILLAGES, FL (FHA|USDA|VA) 2 $490,000 $245,000 $3,885 2.63%
LEBANON, PA (FHA|USDA|VA) 2 $460,000 $230,000 $4,569 3.06%
STAUNTON, VA (FHA|USDA|VA) 3 $455,000 $151,667 $2,811 3.63%
MORGANTOWN, WV (FHA|USDA|VA) 3 $435,000 $145,000 $3,458 2.71%
CHARLESTON, WV (FHA|USDA|VA) 2 $430,000 $215,000 $5,723 3.44%
CLEVELAND, TN (FHA|USDA|VA) 1 $425,000 $425,000 $3,583 3.50%
COLUMBIA, SC (FHA|USDA|VA) 3 $415,000 $138,333 $3,152 2.63%
Fairmont, WV (FHA|USDA|VA) 2 $390,000 $195,000 $5,205 3.19%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $365,000 $365,000 $3,330 2.38%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $340,000 $170,000 $3,530 3.31%
NEW BERN, NC (FHA|USDA|VA) 1 $335,000 $335,000 $2,739 2.50%
Lock Haven, PA (FHA|USDA|VA) 1 $325,000 $325,000 $3,607 3.38%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $300,000 $150,000 $2,823 2.69%
North Wilkesboro, NC (FHA|USDA|VA) 2 $300,000 $150,000 $2,756 2.94%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $285,000 $285,000 $3,558 3.50%
Henderson, NC (FHA|USDA|VA) 1 $265,000 $265,000 $2,892 2.25%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $265,000 $265,000 $3,267 3.38%
Boone, NC (FHA|USDA|VA) 2 $260,000 $130,000 $3,086 4.06%
ERIE, PA (FHA|USDA|VA) 2 $260,000 $130,000 $3,940 2.56%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $225,000 $225,000 $7,848 3.38%
Fort Payne, AL (FHA|USDA|VA) 1 $215,000 $215,000 $3,602 3.13%
Indiana, PA (FHA|USDA|VA) 1 $195,000 $195,000 $2,294 3.00%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $185,000 $185,000 $3,081 2.63%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $175,000 $175,000 $2,484 3.25%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $125,000 $125,000 $1,848 2.75%
Forest City, NC (FHA|USDA|VA) 1 $125,000 $125,000 $2,655 3.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $105,000 $105,000 $2,984 2.75%
Gaffney, SC (FHA|USDA|VA) 1 $85,000 $85,000 $2,982 3.13%
Rockingham, NC (FHA|USDA|VA) 1 $75,000 $75,000 $1,950 2.63%
GREENVILLE, NC (FHA|USDA|VA) 1 $65,000 $65,000 $2,712 2.88%
JOHNSTOWN, PA (FHA|USDA|VA) 1 $55,000 $55,000 $2,840 3.13%
CUMBERLAND, MD-WV (FHA|USDA|VA) 3 $25,000 $8,333 $0 0.00%
Mclean Mortgage Corporation's top markets include Washington, Charlotte, Salisbury, Baltimore, and Virginia Beach among others.

Their top states include:
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 12,008 $4,354,840,000 $362,662 $4,062 2.99%
    VA 1,896 $938,880,000 $495,190 $7,301 2.73%
    FHA 1,010 $273,550,000 $270,842 $8,685 3.09%
    USDA 188 $42,720,000 $227,234 $6,054 2.97%
    HELOC 1 $5,000 $5,000 n/a 0.00%

    For 2020, Mclean Mortgage Corporation's most frequently originated type of loan was Conventional, with 12,008 originations. Their 2nd most popular type was VA, with 1,896 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 6,986 $2,665,120,000 $381,494 $3,609 2.93%
    Home Purchase 6,843 $2,513,795,000 $367,353 $6,187 2.97%
    Cash Out Refi 1,271 $430,005,000 $338,320 $3,934 3.09%
    NA 2 $480,000 $240,000 $0 4.25%
    Home Improvement 1 $595,000 $595,000 $23,593 2.88%

    For 2020, Mclean Mortgage Corporation's most frequently cited loan purpose was Refi, with 6,986 originations. The 2nd most popular reason was Home Purchase, with 6,843 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 13,331 $5,049,345,000 $378,767 $5,008 2.99%
    15 Year 1,051 $310,665,000 $295,590 $3,220 2.58%
    20 Year 371 $120,685,000 $325,296 $3,260 2.91%
    Other 161 $52,625,000 $326,863 $3,442 2.95%
    1 Year 96 $59,020,000 $614,792 $0 4.35%
    10 Year 77 $11,655,000 $151,364 $1,902 1.64%
    30+ year 16 $6,000,000 $375,000 $0 3.50%

    For 2020, Mclean Mortgage Corporation's most frequently cited loan duration was 30 Year, with 13,331 originations. The 2nd most popular length was 15 Year, with 1,051 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 8,050 $2,675,550,000 $332,366
    $<1k 2,891 $1,021,895,000 $353,475
    $2k-3k 2,355 $1,014,895,000 $430,953
    $5k+ 508 $325,980,000 $641,693
    $3k-4k 455 $224,835,000 $494,143
    $4k-5k 205 $98,935,000 $482,610

    Mclean Mortgage Corporation's average total fees were $5,008, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 8,050 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 7,155 $2,728,995,000 $381,411
    3-4% 5,081 $1,813,455,000 $356,909
    <2.5% 2,522 $946,880,000 $375,448
    4-5% 320 $108,950,000 $340,469
    5-6% 22 $10,950,000 $497,727
    6-7% 1 $155,000 $155,000
    7-8% 1 $605,000 $605,000

    During 2020, Mclean Mortgage Corporation's average interest rate for loans was 2.99%, while their most frequently originated rate bucket for loans was 2.5-3%, with 7,155 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 6,676 $1,991,520,000 $298,310 $4,172 2.95%
    $400k-600k 4,285 $2,064,815,000 $481,870 $5,267 2.92%
    $100k-200k 2,198 $349,420,000 $158,972 $3,627 3.09%
    $600k-1MM 1,450 $1,026,420,000 $707,876 $8,296 3.01%
    $100,000 or less 365 $17,135,000 $46,945 $1,749 2.69%
    $1MM+ 129 $160,685,000 $1,245,620 $13,540 3.08%

    2020 saw Mclean Mortgage Corporation place emphasis on $200k-400k loans with 6,676 originations, totaling $1,991,520,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 3,954 $1,481,740,000 $374,745 $5,091 2.97%
    $150k-250k 3,590 $1,623,770,000 $452,304 $5,020 2.99%
    $75k-100k 2,234 $682,850,000 $305,662 $4,807 2.97%
    $50k-75k 2,053 $486,035,000 $236,744 $4,344 2.98%
    $250k+ 1,449 $789,955,000 $545,173 $5,350 3.02%
    $50k or less 1,058 $184,100,000 $174,008 $3,985 2.95%

    Mclean Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 3,954 originations. The second most popular income band? $150k-250k, with 3,590 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 3,840 $1,432,770,000 $373,117 $4,284 2.95%
    30-36% 2,727 $993,265,000 $364,234 $4,778 2.98%
    <20% 1,573 $572,225,000 $363,779 $3,737 2.92%
    37% 502 $179,470,000 $357,510 $5,083 3.02%
    38% 489 $179,775,000 $367,638 $4,777 2.98%
    39% 489 $173,785,000 $355,389 $5,171 2.97%
    43% 480 $170,360,000 $354,917 $5,122 3.06%
    50-60% 479 $192,085,000 $401,013 $9,725 2.93%
    44% 477 $164,865,000 $345,629 $5,425 3.06%
    40% 466 $167,560,000 $359,571 $5,065 3.05%
    42% 463 $167,275,000 $361,285 $5,364 3.00%
    36% 460 $169,220,000 $367,870 $4,743 3.00%
    41% 451 $160,755,000 $356,441 $5,016 3.02%
    45% 329 $117,835,000 $358,161 $5,077 3.06%
    47% 276 $100,750,000 $365,036 $5,436 2.99%
    49% 262 $92,680,000 $353,740 $5,424 3.00%
    48% 249 $89,245,000 $358,414 $5,547 3.04%
    46% 245 $86,305,000 $352,265 $5,879 3.01%
    >60% 38 $19,680,000 $517,895 $10,184 2.89%

    Mclean Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 3,840 originations. The next most common DTI ratio? 30-36%, with 2,727 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 11,074 $4,102,860,000 $370,495 $4,758 2.97%
    Not provided 1,748 $664,230,000 $379,994 $4,861 2.95%
    Asian 1,067 $421,795,000 $395,309 $4,481 2.91%
    Black 919 $301,975,000 $328,591 $5,646 2.95%
    Asian Indian 104 $42,880,000 $412,308 $4,074 2.92%
    American Indian 65 $27,355,000 $420,846 $5,445 2.91%
    Other Asian 56 $22,240,000 $397,143 $5,515 2.88%
    Native Hawaiian or Islander 22 $9,030,000 $410,455 $5,312 2.94%
    Chinese 13 $5,135,000 $395,000 $4,910 2.89%
    Filipino 11 $4,625,000 $420,455 $6,283 2.91%
    Korean 10 $3,880,000 $388,000 $3,977 2.81%
    Vietnamese 10 $2,880,000 $288,000 $3,340 2.84%
    Native Hawaiian 1 $525,000 $525,000 $9,708 2.50%
    Other Pacific Islander 2 $350,000 $175,000 $4,299 3.75%
    Guamanian 1 $235,000 $235,000 $5,576 2.38%

    Approval Rates

    Total approvals of all applications
    98.76%

    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
    88.08%

    Mclean Mortgage Corporation has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 15,103 $5,609,995,000 $371,449

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 15 $2,625,000 $175,000
    Single Family (1-4 Units):Site-Built 15,088 $5,607,370,000 $371,644

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 396 $94,200,000 $237,879 $3,159 2.80%
    40-60% 1,990 $667,540,000 $335,447 $3,295 2.82%
    60-80% 5,329 $2,066,065,000 $387,702 $3,855 3.00%
    80-100% 6,782 $2,567,350,000 $378,554 $5,512 3.02%
    Over 100% 418 $210,400,000 $503,349 $16,246 2.82%
    Under 20% 187 $3,965,000 $21,203 $341 2.05%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    MCLEAN MORTGAGE CORPORATION FHA mortgage Closing on a mortgage 1 50.0%
    MCLEAN MORTGAGE CORPORATION Other type of mortgage Closing on a mortgage 1 50.0%