City Lending Mortgage Rates, Fees & Info
VIENNA, VALEI: 549300WHVRE44NRBU558
Tax ID: 46-2193453
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Mortgage Data
Review & Overview
City Lending is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. City Lending has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Baltimore, Tampa, Cape Coral, and Jacksonville among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)City Lending 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. City Lending 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.
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Originations
566Origination Dollar Volume (All Markets)
$157,060,000Awards
City Lending - 2018
City Lending is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 436 | $127,210,000 | $291,766 | $8,392 | 5.18% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 39 | $11,325,000 | $290,385 | $9,049 | 5.40% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 13 | $3,065,000 | $235,769 | $7,824 | 5.20% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 12 | $2,270,000 | $189,167 | $6,171 | 5.25% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 16 | $2,230,000 | $139,375 | $5,334 | 5.55% |
| RICHMOND, VA (FHA|USDA|VA) | 9 | $1,795,000 | $199,444 | $6,307 | 5.34% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 7 | $1,545,000 | $220,714 | $7,521 | 5.28% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $1,345,000 | $269,000 | $9,612 | 4.73% |
| Outside of Metro Areas | 7 | $1,325,000 | $189,286 | $7,023 | 5.23% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 7 | $1,325,000 | $189,286 | $6,878 | 5.21% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $6,807 | 5.08% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $7,797 | 6.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $10,875 | 5.38% |
| Easton, MD (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,205 | 4.88% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,096 | 4.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 7.50% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,913 | 4.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,066 | 5.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,330 | 4.99% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,465 | 5.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,737 | 8.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against City Lending based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 32
Similarity Rank: 54
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Similarity Rank: 252
Similarity Rank: 255
Similarity Rank: 261
Similarity Rank: 312
Similarity Rank: 320
Similarity Rank: 392
Product Mix
For 2018, City Lending's most frequently originated type of loan was FHA, with 320 originations. Their 2nd most popular type was Conventional, with 229 originations.
Loan Reason
For 2018, City Lending's most frequently cited loan purpose was Home Purchase, with 480 originations. The 2nd most popular reason was Cash Out Refi, with 51 originations.
Loan Duration/Length
For 2018, City Lending's most frequently cited loan duration was 30 Year, with 549 originations. The 2nd most popular length was 15 Year, with 7 originations.
Origination Fees/Closing Costs
City Lending's average total fees were $8,316, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 230 originations.
Interest Rates
During 2018, City Lending's average interest rate for loans was 5.20%, while their most frequently originated rate bucket for loans was 4-5%, with 265 originations.
Loan Sizing
2018 saw City Lending place emphasis on $200k-400k loans with 373 originations, totaling $106,555,000 in origination value.
Applicant Income
City Lending lent most frequently to those with incomes in the $50k-75k range, with 213 originations. The second most popular income band? $50k or less, with 188 originations.
Applicant Debt to Income Ratio
City Lending lent most frequently to those with DTI ratios of 50-60%, with 133 originations. The next most common DTI ratio? 30-36%, with 53 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.33%
City Lending has an average approval rate.
Pick Rate
Approvals leading to origination78.80%
City Lending has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 566 | $157,060,000 | $277,491 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 566 | $157,060,000 | $277,491 |