Sanctuary Home Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300U0J1T0K63EKR14
Tax ID: 84-4057020
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Mortgage Data
Review & Overview
Sanctuary Home Mortgage is a smaller mortgage company specializing in Home Purchase loans. Sanctuary Home Mortgage 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.) Their top markets by origination volume include: Atlanta, Brunswick, Athens, Gainesville, and Dalton among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Sanctuary Home Mortgage 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. Sanctuary Home Mortgage 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 | 6.58% | 9/18/23 |
| 30 Year Conventional Refi | 6.52% | 9/18/23 |
| 30 Year Cash-out Refi | 6.68% | 9/18/23 |
| 30 Year FHA Purchase | 7.33% | 9/18/23 |
| 30 Year VA Purchase | 6.51% | 9/18/23 |
| 30 Year USDA Purchase | 6.27% | 9/18/23 |
| 15 Year Conventional Purchase | 5.79% | 9/18/23 |
| 15 Year Conventional Refi | 6.33% | 9/18/23 |
| 15 Year Cash-out Refi | 6.33% | 9/18/23 |
| 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. | ||
Sanctuary Home Mortgage Mortgage Calculator
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This is not an official calculator from Sanctuary Home Mortgage. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
176Origination Dollar Volume (All Markets)
$73,150,000Relative Rate
Sanctuary Home Mortgage's average 30 year fixed mortgage rate was
4.98%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.22%.
Relative Fees (Closing Costs)
Sanctuary Home Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,847.
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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 168 | $70,970,000 | $422,440 | $6,942 | 4.93% |
| Outside of Metro Areas | 3 | $1,015,000 | $338,333 | $5,395 | 4.91% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,020 | 3.50% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,908 | 4.88% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,545 | 5.38% |
| DALTON, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,311 | 7.63% |
| Summerville, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,815 | 4.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against SANCTUARY HOME MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 168 | $69,830,000 | $415,655 | $6,732 | 4.93% |
| FHA | 4 | $1,510,000 | $377,500 | $13,489 | 5.53% |
| VA | 4 | $1,810,000 | $452,500 | $6,239 | 4.44% |
For 2022, Sanctuary Home Mortgage's most frequently originated type of loan was Conventional, with 168 originations. Their 2nd most popular type was FHA, with 4 originations.
Loan Reason
For 2022, Sanctuary Home Mortgage's most frequently cited loan purpose was Home Purchase, with 162 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.
Loan Duration/Length
For 2022, Sanctuary Home Mortgage's most frequently cited loan duration was 30 Year, with 164 originations. The 2nd most popular length was 15 Year, with 9 originations.
Origination Fees/Closing Costs
Sanctuary Home Mortgage's average total fees were $6,847, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 49 originations.
Interest Rates
During 2022, Sanctuary Home Mortgage's average interest rate for loans was 4.98%, while their most frequently originated rate bucket for loans was 4-5%, with 53 originations.
Loan Sizing
2022 saw Sanctuary Home Mortgage place emphasis on $200k-400k loans with 89 originations, totaling $26,435,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 176 | $73,150,000 | $415,625 | $6,875 | 4.93% |
Sanctuary Home Mortgage lent most frequently to those with incomes in the $50k or less range, with 176 originations.
Applicant Debt to Income Ratio
Sanctuary Home Mortgage lent most frequently to those with DTI ratios of 20-30%, with 46 originations. The next most common DTI ratio? 30-36%, with 25 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.83%
Sanctuary Home Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination59.09%
Sanctuary Home Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 176 | $73,150,000 | $415,625 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SUN WEST MORTGAGE COMPANY, INC. | Reverse mortgage | Trouble during payment process | 1 | 100.0% |