Mclean Mortgage Corporation Rates, Fees & Info
FAIRFAX, VALEI: 549300T0I2M6IPLVEN24
Tax ID: 41-2259092
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Mclean Mortgage Corporation is a small mortgage company specializing in Home Purchase loans. Mclean Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Philadelphia, Baltimore, Salisbury, and Charlotte among others. We have data for 115 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% | 9/1/24 |
30 Year Conventional Refi | 6.45% | 9/1/24 |
30 Year Cash-out Refi | 6.66% | 9/1/24 |
30 Year FHA Purchase | 7.44% | 9/1/24 |
30 Year FHA Refi | 7.16% | 9/1/24 |
30 Year VA Purchase | 6.08% | 9/1/24 |
30 Year VA Refi | 6.12% | 9/1/24 |
30 Year USDA Purchase | 6.91% | 9/1/24 |
15 Year Conventional Purchase | 5.98% | 9/1/24 |
15 Year Conventional Refi | 6.01% | 9/1/24 |
15 Year Cash-out Refi | 6.01% | 9/1/24 |
15 Year FHA Purchase | 7.68% | 9/1/24 |
15 Year VA Purchase | 5.85% | 9/1/24 |
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
7,213Origination Dollar Volume (All Markets)
$2,994,325,000MCLEAN MORTGAGE CORPORATION - 2022
MCLEAN MORTGAGE CORPORATION is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
Work for MCLEAN MORTGAGE CORPORATION?
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 |
---|---|---|---|---|---|
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3,229 | $1,745,985,000 | $540,720 | $9,770 | 4.47% |
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 417 | $149,165,000 | $357,710 | $6,723 | 4.85% |
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 370 | $144,860,000 | $391,514 | $10,456 | 4.61% |
SALISBURY, MD-DE (FHA|USDA|VA) | 455 | $140,095,000 | $307,901 | $5,692 | 4.60% |
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 321 | $109,835,000 | $342,165 | $5,707 | 4.50% |
YORK-HANOVER, PA (FHA|USDA|VA) | 349 | $70,775,000 | $202,794 | $5,986 | 4.52% |
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 248 | $69,720,000 | $281,129 | $5,716 | 5.03% |
RICHMOND, VA (FHA|USDA|VA) | 219 | $68,895,000 | $314,589 | $5,419 | 4.66% |
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 211 | $63,315,000 | $300,071 | $6,904 | 4.77% |
Outside of Metro Areas | 176 | $48,860,000 | $277,614 | $6,169 | 4.65% |
WINCHESTER, VA-WV (FHA|USDA|VA) | 113 | $41,655,000 | $368,628 | $7,550 | 4.46% |
WINSTON-SALEM, NC (FHA|USDA|VA) | 124 | $32,920,000 | $265,484 | $4,482 | 4.88% |
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 121 | $31,635,000 | $261,446 | $4,656 | 5.09% |
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 90 | $30,240,000 | $336,000 | $9,010 | 4.63% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 47 | $19,545,000 | $415,851 | $8,338 | 4.44% |
LYNCHBURG, VA (FHA|USDA|VA) | 69 | $17,625,000 | $255,435 | $4,422 | 4.99% |
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 65 | $13,885,000 | $213,615 | $6,115 | 4.77% |
GETTYSBURG, PA (FHA|USDA|VA) | 62 | $13,210,000 | $213,065 | $5,481 | 4.63% |
RALEIGH-CARY, NC (FHA|USDA|VA) | 24 | $10,140,000 | $422,500 | $5,454 | 4.70% |
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 21 | $9,275,000 | $441,667 | $5,373 | 4.95% |
CHARLOTTESVILLE, VA (FHA|USDA|VA) | 22 | $8,360,000 | $380,000 | $5,956 | 4.70% |
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 9 | $7,795,000 | $866,111 | $16,297 | 4.25% |
JACKSONVILLE, FL (FHA|USDA|VA) | 18 | $7,660,000 | $425,556 | $7,616 | 4.23% |
Kill Devil Hills, NC (FHA|USDA|VA) | 8 | $6,930,000 | $866,250 | $12,672 | 3.81% |
Easton, MD (FHA|USDA|VA) | 16 | $6,770,000 | $423,125 | $6,478 | 4.50% |
FLORENCE, SC (FHA|USDA|VA) | 22 | $5,530,000 | $251,364 | $6,772 | 5.51% |
DOVER, DE (FHA|USDA|VA) | 17 | $4,905,000 | $288,529 | $5,366 | 4.46% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 12 | $4,830,000 | $402,500 | $6,199 | 3.95% |
WILMINGTON, NC (FHA|USDA|VA) | 11 | $4,595,000 | $417,727 | $6,501 | 4.78% |
LANCASTER, PA (FHA|USDA|VA) | 16 | $4,320,000 | $270,000 | $7,156 | 5.22% |
OCEAN CITY, NJ (FHA|USDA|VA) | 8 | $4,250,000 | $531,250 | $9,529 | 4.50% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 10 | $4,240,000 | $424,000 | $8,204 | 4.50% |
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 11 | $4,195,000 | $381,364 | $5,411 | 4.93% |
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 10 | $4,060,000 | $406,000 | $5,606 | 4.50% |
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 17 | $3,985,000 | $234,412 | $5,144 | 4.18% |
ROANOKE, VA (FHA|USDA|VA) | 13 | $3,785,000 | $291,154 | $4,720 | 5.00% |
BURLINGTON, NC (FHA|USDA|VA) | 13 | $3,595,000 | $276,538 | $4,225 | 4.64% |
READING, PA (FHA|USDA|VA) | 12 | $3,150,000 | $262,500 | $7,225 | 5.11% |
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 11 | $3,055,000 | $277,727 | $8,030 | 4.70% |
JACKSONVILLE, NC (FHA|USDA|VA) | 8 | $3,040,000 | $380,000 | $7,426 | 4.70% |
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 6 | $2,530,000 | $421,667 | $5,382 | 4.33% |
Cambridge, MD (FHA|USDA|VA) | 10 | $2,390,000 | $239,000 | $7,541 | 4.62% |
ASHEVILLE, NC (FHA|USDA|VA) | 8 | $2,350,000 | $293,750 | $4,305 | 4.66% |
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 7 | $2,325,000 | $332,143 | $5,812 | 4.43% |
COLUMBIA, SC (FHA|USDA|VA) | 8 | $2,260,000 | $282,500 | $7,515 | 5.20% |
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 6 | $2,240,000 | $373,333 | $7,937 | 4.79% |
HARRISONBURG, VA (FHA|USDA|VA) | 5 | $2,045,000 | $409,000 | $5,808 | 4.83% |
PUNTA GORDA, FL (FHA|USDA|VA) | 5 | $1,985,000 | $397,000 | $8,311 | 4.40% |
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 9 | $1,635,000 | $181,667 | $5,940 | 4.49% |
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $1,600,000 | $800,000 | $26,510 | 5.43% |
TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $1,595,000 | $1,595,000 | $12,347 | 3.25% |
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 4 | $1,430,000 | $357,500 | $10,884 | 4.37% |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $1,425,000 | $475,000 | $4,859 | 5.37% |
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $1,395,000 | $465,000 | $11,667 | 4.25% |
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $7,789 | 4.88% |
FAYETTEVILLE, NC (FHA|USDA|VA) | 6 | $1,300,000 | $216,667 | $4,736 | 4.17% |
Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $5,793 | 3.97% |
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $5,555 | 5.45% |
STAUNTON, VA (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $8,034 | 5.31% |
PITTSBURGH, PA (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $5,735 | 4.87% |
PANAMA CITY, FL (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $9,197 | 3.83% |
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $5,410 | 4.13% |
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $1,185,000 | $395,000 | $7,455 | 3.63% |
LEBANON, PA (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $9,909 | 5.41% |
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $8,269 | 3.79% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $5,855 | 4.88% |
Huntingdon, PA (FHA|USDA|VA) | 6 | $1,050,000 | $175,000 | $6,715 | 5.00% |
Roanoke Rapids, NC (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $12,201 | 5.06% |
SPARTANBURG, SC (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $4,810 | 5.88% |
Morehead City, NC (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $8,054 | 6.25% |
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $12,076 | 5.54% |
ALTOONA, PA (FHA|USDA|VA) | 5 | $775,000 | $155,000 | $4,858 | 5.32% |
Brevard, NC (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $4,011 | 4.38% |
Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $5,304 | 3.13% |
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $7,482 | 2.88% |
Meadville, PA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 5.99% |
Key West, FL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,789 | 3.44% |
CLARKSVILLE, TN-KY (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $4,285 | 4.71% |
Albemarle, NC (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $4,929 | 5.50% |
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $5,253 | 5.04% |
Orangeburg, SC (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $3,542 | 5.25% |
Shelby, NC (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $7,525 | 4.88% |
OCALA, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $7,541 | 4.44% |
CUMBERLAND, MD-WV (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $5,658 | 5.42% |
Georgetown, SC (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $3,419 | 5.08% |
Albertville, AL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,448 | 2.99% |
Elizabeth City, NC (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $5,502 | 3.42% |
Sunbury, PA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,963 | 6.44% |
WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $14,792 | 4.75% |
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $5,928 | 4.06% |
EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $5,064 | 5.63% |
Martinsville, VA (FHA|USDA|VA) | 4 | $410,000 | $102,500 | $4,212 | 5.25% |
GOLDSBORO, NC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $5,500 | 6.06% |
Sevierville, TN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,346 | 5.75% |
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,094 | 4.88% |
MONTGOMERY, AL (FHA|USDA|VA) | 4 | $330,000 | $82,500 | $4,214 | 4.91% |
CLEVELAND, TN (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,757 | 5.00% |
Wilson, NC (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,708 | 5.19% |
KNOXVILLE, TN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $9,169 | 5.25% |
Lewistown, PA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $5,397 | 5.50% |
NEW BERN, NC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,732 | 6.06% |
Danville, VA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,057 | 5.69% |
GAINESVILLE, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,318 | 5.38% |
SUMTER, SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,757 | 5.63% |
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,937 | 5.63% |
CHARLESTON, WV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,891 | 4.63% |
Jefferson, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,750 | 5.88% |
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,653 | 2.75% |
WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,398 | 5.00% |
Mount Airy, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,972 | 4.00% |
MORGANTOWN, WV (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,324 | 6.25% |
North Wilkesboro, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,816 | 5.88% |
TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,968 | 5.13% |
Pottsville, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,423 | 4.63% |
Bennettsville, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,000 | 4.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against MCLEAN MORTGAGE CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 4
Similarity Rank: 16
Similarity Rank: 80
Similarity Rank: 105
Similarity Rank: 160
Similarity Rank: 245
Similarity Rank: 266
Similarity Rank: 294
Similarity Rank: 335
Similarity Rank: 340
Product Mix
For 2022, Mclean Mortgage Corporation's most frequently originated type of loan was Conventional, with 5,637 originations. Their 2nd most popular type was VA, with 895 originations.
Loan Reason
For 2022, Mclean Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 6,313 originations. The 2nd most popular reason was Refi, with 465 originations.
Loan Duration/Length
For 2022, Mclean Mortgage Corporation's most frequently cited loan duration was 30 Year, with 6,808 originations. The 2nd most popular length was 15 Year, with 207 originations.
Origination Fees/Closing Costs
Mclean Mortgage Corporation's average total fees were $8,177, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,764 originations.
Interest Rates
During 2022, Mclean Mortgage Corporation's average interest rate for loans was 4.65%, while their most frequently originated rate bucket for loans was 4-5%, with 2,211 originations.
Loan Sizing
2022 saw Mclean Mortgage Corporation place emphasis on $200k-400k loans with 2,879 originations, totaling $844,565,000 in origination value.
Applicant Income
Mclean Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 1,917 originations. The second most popular income band? $150k-250k, with 1,712 originations.
Applicant Debt to Income Ratio
Mclean Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 1,460 originations. The next most common DTI ratio? 30-36%, with 1,352 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.66%
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 origination77.98%
Mclean Mortgage Corporation has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 7,213 | $2,994,325,000 | $415,129 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
7,213 | $2,994,325,000 | $415,129 |