Greenway Mortgage Funding Corp. Rates, Fees & InfoMIDDLETOWN, NJ
Tax ID: 27-3627801
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewGreenway Mortgage Funding Corp. is a smaller mortgage company specializing in Home Purchase loans. Greenway Mortgage Funding Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA 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: New York, Bridgeport, Philadelphia, Poughkeepsie, and Miami among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)
Greenway Mortgage Funding Corp. 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. Greenway Mortgage Funding Corp. 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 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.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.68%||12/4/23|
|30 Year Conventional Refi||6.62%||12/4/23|
|30 Year Cash-out Refi||6.72%||12/4/23|
|30 Year FHA Purchase||7.35%||12/4/23|
|30 Year FHA Refi||6.27%||12/4/23|
|30 Year VA Purchase||6.29%||12/4/23|
|30 Year USDA Purchase||6.49%||12/4/23|
|15 Year Conventional Purchase||6.20%||12/4/23|
|15 Year Conventional Refi||5.96%||12/4/23|
|15 Year Cash-out Refi||5.96%||12/4/23|
|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.|
Greenway Mortgage Funding Corp. Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Greenway Mortgage Funding Corp.. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$179,000,000
GREENWAY MORTGAGE FUNDING CORP. - 2022
GREENWAY MORTGAGE FUNDING CORP. is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Greenway Mortgage Funding Corp.'s average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.01%.
Relative Fees (Closing Costs)
Greenway Mortgage Funding Corp.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $8,356.
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.
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|
|New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA)||310||$133,870,000||$431,839||$8,357||4.68%|
|BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA)||14||$8,800,000||$628,571||$7,133||4.69%|
|Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA)||22||$6,780,000||$308,182||$7,710||4.23%|
|POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA)||19||$5,565,000||$292,895||$6,649||5.01%|
|Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)||11||$4,865,000||$442,273||$7,342||4.99%|
|TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)||2||$3,210,000||$1,605,000||$10,902||4.81%|
|TRENTON-PRINCETON, NJ (FHA|USDA|VA)||6||$2,300,000||$383,333||$5,412||4.00%|
|OCEAN CITY, NJ (FHA|USDA|VA)||6||$1,620,000||$270,000||$7,596||4.33%|
|CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA)||2||$1,130,000||$565,000||$3,842||4.69%|
|PORT ST. LUCIE, FL (FHA|USDA|VA)||3||$1,065,000||$355,000||$5,812||4.12%|
|ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA)||2||$980,000||$490,000||$10,617||5.81%|
|GLENS FALLS, NY (FHA|USDA|VA)||1||$845,000||$845,000||$18,229||3.38%|
|Outside of Metro Areas||3||$805,000||$268,333||$6,591||5.67%|
|Kill Devil Hills, NC (FHA|USDA|VA)||1||$635,000||$635,000||$7,107||3.38%|
|NAPLES-MARCO ISLAND, FL (FHA|USDA|VA)||1||$625,000||$625,000||$9,052||3.50%|
|Sebastian-Vero Beach, FL (FHA|USDA|VA)||1||$595,000||$595,000||$16,499||6.13%|
|ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)||3||$595,000||$198,333||$7,079||3.33%|
|Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA)||1||$565,000||$565,000||$26,633||7.25%|
|CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA)||2||$530,000||$265,000||$6,127||4.50%|
|JACKSONVILLE, FL (FHA|USDA|VA)||1||$455,000||$455,000||$12,812||4.25%|
|HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA)||1||$375,000||$375,000||$8,228||4.88%|
|MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA)||1||$355,000||$355,000||$10,937||6.80%|
|ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA)||1||$335,000||$335,000||$4,730||5.25%|
|BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA)||1||$325,000||$325,000||$15,135||5.99%|
|SEBRING-AVON PARK, FL (FHA|USDA|VA)||1||$325,000||$325,000||$8,313||4.38%|
|KINGSTON, NY (FHA|USDA|VA)||1||$275,000||$275,000||$9,779||3.63%|
|PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA)||1||$255,000||$255,000||$13,163||5.25%|
|EAST STROUDSBURG, PA (FHA|USDA|VA)||1||$205,000||$205,000||$7,811||2.88%|
|PITTSBURGH, PA (FHA|USDA|VA)||1||$195,000||$195,000||$2,586||3.88%|
|Pottsville, PA (FHA|USDA|VA)||1||$175,000||$175,000||$5,695||3.50%|
|WATERTOWN-FORT DRUM, NY (FHA|USDA|VA)||1||$125,000||$125,000||$8,106||5.88%|
|DURHAM-CHAPEL HILL, NC (FHA|USDA|VA)||1||$115,000||$115,000||$3,822||5.50%|
|North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)||1||$105,000||$105,000||$3,092||5.88%|
We use machine learning to identify the top lenders compared against GREENWAY MORTGAGE FUNDING CORP. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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For 2022, Greenway Mortgage Funding Corp.'s most frequently originated type of loan was Conventional, with 361 originations. Their 2nd most popular type was FHA, with 50 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||70||$26,820,000||$383,143||$7,716||4.25%|
For 2022, Greenway Mortgage Funding Corp.'s most frequently cited loan purpose was Home Purchase, with 330 originations. The 2nd most popular reason was Cash Out Refi, with 70 originations.
For 2022, Greenway Mortgage Funding Corp.'s most frequently cited loan duration was 30 Year, with 388 originations. The 2nd most popular length was 15 Year, with 16 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Greenway Mortgage Funding Corp.'s average total fees were $8,356, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 138 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Greenway Mortgage Funding Corp.'s average interest rate for loans was 4.77%, while their most frequently originated rate bucket for loans was 3-4%, with 131 originations.
2022 saw Greenway Mortgage Funding Corp. place emphasis on $200k-400k loans with 201 originations, totaling $60,695,000 in origination value.
Greenway Mortgage Funding Corp. lent most frequently to those with incomes in the $100k-150k range, with 120 originations. The second most popular income band? $150k-250k, with 97 originations.
Applicant Debt to Income Ratio
Greenway Mortgage Funding Corp. lent most frequently to those with DTI ratios of 30-36%, with 69 originations. The next most common DTI ratio? 20-30%, with 66 originations.
Approval RatesTotal approvals of all applications
Greenway Mortgage Funding Corp. has an average approval rate.
Pick RateApprovals leading to origination
Greenway Mortgage Funding Corp. has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|