Sanctuary Home Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300U0J1T0K63EKR14

Tax ID: 84-4057020

4.1 stars

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

Review & Overview

Sanctuary Home Mortgage is a smaller mortgage company specializing in 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, Gainesville, Jefferson, and Cornelia among others. We have data for 5 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	6.65%	3/19/23
30 Year Conventional Refi	6.50%	3/19/23
30 Year Cash-out Refi	6.73%	3/19/23
30 Year FHA Purchase	7.61%	3/19/23
30 Year VA Purchase	6.17%	3/19/23
30 Year VA Refi	6.27%	3/19/23
15 Year Conventional Purchase	5.97%	3/19/23
15 Year Conventional Refi	5.94%	3/19/23
15 Year Cash-out Refi	5.94%	3/19/23
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.

Originations

262

Origination Dollar Volume (All Markets)

$103,330,000

Relative Rate

Sanctuary Home Mortgage's average 30 year fixed mortgage rate was 3.17%.

The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

This yields a difference of 0.02%.

Relative Fees (Closing Costs)

Sanctuary Home Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $5,622.

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)	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.

Their top states include:

Georgia (FHA|USDA|VA)

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.

Emory Alliance Credit Union
Similarity Rank: 305

Credence Funding Corporation
Similarity Rank: 707

AMERICAN HOME MORTGAGE, INC.
Similarity Rank: 1218

Queensborough National Bank & Trust Company
Similarity Rank: 1950

Aurora Financial, LLC
Similarity Rank: 2263

First American Bank and Trust Company
Similarity Rank: 2288

POWERCO
Similarity Rank: 2296

CDC Federal Credit Union
Similarity Rank: 2496

LGE COMMUNITY
Similarity Rank: 2755

LOANFLIGHT LENDING, LLC
Similarity Rank: 3380

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. 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 2021, Sanctuary Home Mortgage's most frequently originated type of loan was Conventional, with 241 originations. Their 2nd most popular type was FHA, with 16 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. 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 2021, Sanctuary Home Mortgage's most frequently cited loan purpose was Home Purchase, with 210 originations. The 2nd most popular reason was 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 2021, Sanctuary Home Mortgage's most frequently cited loan duration was 30 Year, with 231 originations. The 2nd most popular length was 15 Year, with 25 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	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	36	$14,310,000	$397,500
$5k+	19	$12,765,000	$671,842
$4k-5k	14	$5,040,000	$360,000

Sanctuary Home Mortgage's average total fees were $5,622, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.17%, while their most frequently originated rate bucket for loans was 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 applications
98.00%

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 origination
70.23%

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%