Sanctuary Home Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300U0J1T0K63EKR14
Tax ID: 84-4057020
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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 include Atlanta, Gainesville, Jefferson, and Cornelia among others. Sanctuary Home Mortgage has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Sanctuary Home Mortgage is typically an average fee lendor.Originations
262Origination Dollar Volume (All Markets)
$103,330,000Relative Rate
Sanctuary Home Mortgage 's average 30 year fixed rate mortgage of loans were
3.17%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.02%.
Relative Fees
Sanctuary Home Mortgage 's average total fees for a 30 year fixed rate
mortgage are $5,622.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 258 | $101,850,000 | $394,767 | $5,482 | 3.10% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,860 | 2.25% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $6,016 | 3.25% |
| Outside of Metro Areas | 1 | $395,000 | $395,000 | $7,414 | 2.99% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,365 | 2.63% |
Sanctuary Home Mortgage 's top markets include Atlanta, Gainesville, Jefferson, and Cornelia among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 241 | $96,215,000 | $399,232 | $5,101 | 3.10% |
| FHA | 16 | $4,780,000 | $298,750 | $10,205 | 3.20% |
| VA | 5 | $2,335,000 | $467,000 | $8,471 | 2.80% |
For the 2021 period, Sanctuary Home Mortgage 's most frequently originated loan type of loans were Conventional, with 241 originations. Their 2nd most popular type is FHA, with 16 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 210 | $85,280,000 | $406,095 | $5,746 | 3.14% |
| Refi | 30 | $10,830,000 | $361,000 | $3,942 | 2.86% |
| Cash Out Refi | 22 | $7,220,000 | $328,182 | $5,005 | 3.08% |
For the 2021, Sanctuary Home Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 210 originations. The 2nd most popular reason of loans were Refi, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 231 | $93,625,000 | $405,303 | $5,622 | 3.17% |
| 15 Year | 25 | $7,465,000 | $298,600 | $4,371 | 2.55% |
| 20 Year | 4 | $1,570,000 | $392,500 | $4,120 | 2.87% |
| 10 Year | 2 | $670,000 | $335,000 | $5,268 | 2.44% |
For the 2021, Sanctuary Home Mortgage 's most frequently cited loan length of loans were 30 Year, with 231 originations. The 2nd most popular length of loans were 15 Year, with 25 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 87 | $31,055,000 | $356,954 |
| $2k-3k | 53 | $16,825,000 | $317,453 |
| $1k-2k | 52 | $23,200,000 | $446,154 |
| $3k-4k | 50 | $19,350,000 | $387,000 |
| $5k+ | 19 | $12,765,000 | $671,842 |
$5,622 of loans were Sanctuary Home Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 87 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 138 | $53,370,000 | $386,739 |
| 2.5-3% | 106 | $43,700,000 | $412,264 |
| <2.5% | 14 | $4,730,000 | $337,857 |
| 4-5% | 4 | $1,530,000 | $382,500 |
During 2021, Sanctuary Home Mortgage 's average interest rate of loans were 3.17%, while their most frequently originated rate bucket of loans were 3-4%, with 138 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 124 | $37,230,000 | $300,242 | $5,216 | 3.05% |
| $400k-600k | 77 | $37,525,000 | $487,338 | $5,355 | 3.11% |
| $100k-200k | 33 | $5,375,000 | $162,879 | $4,090 | 3.24% |
| $600k-1MM | 21 | $15,395,000 | $733,095 | $6,934 | 3.14% |
| $1MM+ | 6 | $7,710,000 | $1,285,000 | $14,880 | 2.98% |
| $100,000 or less | 1 | $95,000 | $95,000 | $6,096 | 3.25% |
2021 saw Sanctuary Home Mortgage place emphasis on $200k-400k loans with 124 originations, totaling $37,230,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 68 | $24,580,000 | $361,471 | $4,763 | 3.13% |
| $150k-250k | 60 | $28,260,000 | $471,000 | $5,354 | 3.10% |
| $50k-75k | 42 | $11,080,000 | $263,810 | $5,364 | 3.11% |
| $250k+ | 40 | $25,010,000 | $625,250 | $7,594 | 3.15% |
| $75k-100k | 37 | $11,665,000 | $315,270 | $5,001 | 2.99% |
| $50k or less | 15 | $2,735,000 | $182,333 | $5,056 | 3.03% |
Sanctuary Home Mortgage lent most frequently to those with incomes in the $100k-150k range, with 68 originations. The second most popular income band? $150k-250k, with 60 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 68 | $28,560,000 | $420,000 | $4,956 | 3.08% |
| 30-36% | 36 | $18,590,000 | $516,389 | $6,373 | 3.08% |
| <20% | 27 | $11,095,000 | $410,926 | $5,200 | 3.03% |
| 46% | 14 | $4,190,000 | $299,286 | $5,739 | 3.17% |
| 40% | 13 | $5,115,000 | $393,462 | $4,495 | 3.09% |
| 38% | 11 | $4,045,000 | $367,727 | $5,946 | 3.28% |
| 49% | 10 | $3,340,000 | $334,000 | $5,921 | 2.92% |
| 42% | 9 | $4,275,000 | $475,000 | $4,311 | 3.29% |
| 39% | 9 | $2,985,000 | $331,667 | $4,639 | 3.03% |
| 41% | 9 | $3,505,000 | $389,444 | $5,143 | 3.15% |
| 44% | 9 | $2,735,000 | $303,889 | $4,961 | 3.10% |
| 45% | 9 | $2,675,000 | $297,222 | $4,517 | 3.15% |
| 50-60% | 8 | $2,190,000 | $273,750 | $10,030 | 3.06% |
| 37% | 8 | $3,060,000 | $382,500 | $4,993 | 3.09% |
| 36% | 8 | $2,980,000 | $372,500 | $9,082 | 3.06% |
| 48% | 6 | $1,790,000 | $298,333 | $4,984 | 2.98% |
| 43% | 6 | $1,300,000 | $216,667 | $3,521 | 3.38% |
| 47% | 2 | $900,000 | $450,000 | $4,385 | 3.19% |
Sanctuary Home Mortgage lent most frequently to those with DTI ratios of 20-30%, with 68 originations. The next most common DTI ratio? 30-36%, with 36 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 207 | $83,675,000 | $404,227 | $5,202 | 3.09% |
| Not provided | 19 | $8,175,000 | $430,263 | $6,609 | 3.06% |
| Black | 20 | $6,130,000 | $306,500 | $6,726 | 3.15% |
| Asian | 16 | $5,350,000 | $334,375 | $6,137 | 3.18% |
Approval Rates
Total approvals of all applications98.00%
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 origination71.64%
Sanctuary Home Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 262 | $103,330,000 | $394,389 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 262 | $103,330,000 | $394,389 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 8 | $2,530,000 | $316,250 | $5,204 | 2.84% |
| 40-60% | 29 | $11,295,000 | $389,483 | $4,437 | 2.96% |
| 60-80% | 91 | $38,915,000 | $427,637 | $5,608 | 3.11% |
| 80-100% | 133 | $50,235,000 | $377,707 | $5,591 | 3.15% |
| Over 100% | 1 | $355,000 | $355,000 | $10,761 | 2.63% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SUNSTREET MORTGAGE LLC | VA mortgage | Closing on a mortgage | 1 | 100.0% |
