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, Athens, and Jefferson among others. We have data for 4 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 a high 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.58% | 11/17/24 |
| 30 Year Conventional Refi | 6.52% | 11/17/24 |
| 30 Year Cash-out Refi | 6.68% | 11/17/24 |
| 30 Year FHA Purchase | 7.33% | 11/17/24 |
| 30 Year VA Purchase | 6.51% | 11/17/24 |
| 30 Year USDA Purchase | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.79% | 11/17/24 |
| 15 Year Conventional Refi | 6.33% | 11/17/24 |
| 15 Year Cash-out Refi | 6.33% | 11/17/24 |
| 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. | ||
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
174Origination Dollar Volume (All Markets)
$72,190,000Relative Rate
Sanctuary Home Mortgage's average 30 year fixed mortgage rate was
6.75%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.27%.
Relative Fees (Closing Costs)
Sanctuary Home Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,802.
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 $9,089.
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) | 165 | $69,215,000 | $419,485 | $8,627 | 6.70% |
| Outside of Metro Areas | 6 | $2,340,000 | $390,000 | $12,559 | 7.56% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,231 | 6.43% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,905 | 6.75% |
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.
Similarity Rank: 546
Similarity Rank: 900
Similarity Rank: 925
Similarity Rank: 1076
Similarity Rank: 1320
Similarity Rank: 1608
Similarity Rank: 1656
Similarity Rank: 1700
Similarity Rank: 2847
Similarity Rank: 2904
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 159 | $66,735,000 | $419,717 | $8,130 | 6.73% |
| FHA | 10 | $3,410,000 | $341,000 | $14,834 | 6.66% |
| VA | 5 | $2,045,000 | $409,000 | $11,884 | 6.75% |
For 2023, Sanctuary Home Mortgage's most frequently originated type of loan was Conventional, with 159 originations. Their 2nd most popular type was FHA, with 10 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 170 | $71,610,000 | $421,235 | $8,664 | 6.73% |
| Cash Out Refi | 4 | $580,000 | $145,000 | $8,440 | 6.50% |
For 2023, Sanctuary Home Mortgage's most frequently cited loan purpose was Home Purchase, with 170 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 168 | $70,670,000 | $420,655 | $8,802 | 6.75% |
| 15 Year | 6 | $1,520,000 | $253,333 | $4,982 | 6.12% |
For 2023, Sanctuary Home Mortgage's most frequently cited loan duration was 30 Year, with 168 originations. The 2nd most popular length was 15 Year, with 6 originations.
Origination Fees/Closing Costs
Sanctuary Home Mortgage's average total fees were $8,802, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 71 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 98 | $40,170,000 | $409,898 |
| 7-8% | 44 | $19,210,000 | $436,591 |
| 5-6% | 26 | $10,680,000 | $410,769 |
| Over 8% | 5 | $1,815,000 | $363,000 |
| 4-5% | 1 | $315,000 | $315,000 |
During 2023, Sanctuary Home Mortgage's average interest rate for loans was 6.75%, while their most frequently originated rate bucket for loans was 6-7%, with 98 originations.
Loan Sizing
2023 saw Sanctuary Home Mortgage place emphasis on $200k-400k loans with 79 originations, totaling $24,205,000 in origination value.
Applicant Income
Sanctuary Home Mortgage lent most frequently to those with incomes in the $150k-250k range, with 45 originations. The second most popular income band? $100k-150k, with 41 originations.
Applicant Debt to Income Ratio
Sanctuary Home Mortgage lent most frequently to those with DTI ratios of 20-30%, with 34 originations. The next most common DTI ratio? 30-36%, with 31 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.11%
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 origination65.52%
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 | 174 | $72,190,000 | $414,885 |