Greenway Mortgage Funding Corp. Rates, Fees & Info
MIDDLETOWN, NJLEI: 549300YM15OICCNPH537
Tax ID: 27-3627801
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Mortgage Data
Review & Overview
Greenway Mortgage Funding Corp. is a smaller mortgage company specializing in Home Purchase and Refi loans. Greenway Mortgage Funding Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. 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.) 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, Poughkeepsie, Philadelphia, Bridgeport, and Miami among others. We have data for 41 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.68% | 4/18/24 |
| 30 Year Conventional Refi | 6.62% | 4/18/24 |
| 30 Year Cash-out Refi | 6.72% | 4/18/24 |
| 30 Year FHA Purchase | 7.35% | 4/18/24 |
| 30 Year FHA Refi | 6.27% | 4/18/24 |
| 30 Year VA Purchase | 6.29% | 4/18/24 |
| 30 Year USDA Purchase | 6.49% | 4/18/24 |
| 15 Year Conventional Purchase | 6.20% | 4/18/24 |
| 15 Year Conventional Refi | 5.96% | 4/18/24 |
| 15 Year Cash-out Refi | 5.96% | 4/18/24 |
| 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. | ||
Greenway Mortgage Funding Corp. Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,008Origination Dollar Volume (All Markets)
$382,580,000Awards
GREENWAY MORTGAGE FUNDING CORP. - 2021
GREENWAY MORTGAGE FUNDING CORP. is a 2021 , due to their low .
For 2021, 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 794 | $315,440,000 | $397,280 | $5,853 | 3.01% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 46 | $14,320,000 | $311,304 | $5,233 | 3.18% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 33 | $9,935,000 | $301,061 | $5,563 | 2.89% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 24 | $9,710,000 | $404,583 | $5,577 | 3.12% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 22 | $7,690,000 | $349,545 | $5,843 | 3.03% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 9 | $3,095,000 | $343,889 | $5,601 | 3.01% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 8 | $2,410,000 | $301,250 | $6,692 | 3.03% |
| KINGSTON, NY (FHA|USDA|VA) | 6 | $2,080,000 | $346,667 | $4,213 | 3.15% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $1,835,000 | $611,667 | $9,714 | 2.79% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 6 | $1,670,000 | $278,333 | $5,608 | 2.94% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,650,000 | $275,000 | $4,642 | 2.81% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 7 | $1,285,000 | $183,571 | $4,459 | 2.50% |
| Torrington, CT (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $5,271 | 3.15% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $3,056 | 2.87% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $6,135 | 2.87% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $6,790 | 2.33% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $4,586 | 3.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $6,106 | 3.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $4,580 | 2.99% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $4,253 | 3.31% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,930 | 3.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $5,241 | 2.46% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,220 | 3.88% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,685 | 2.88% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,301 | 2.50% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,585 | 2.25% |
| Lewisburg, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,423 | 2.50% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $4,300 | 2.56% |
| Outside of Metro Areas | 1 | $225,000 | $225,000 | $2,354 | 2.88% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,158 | 3.25% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,829 | 3.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,576 | 2.88% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,178 | 2.88% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,572 | 2.38% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,890 | 3.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,918 | 2.38% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,067 | 3.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,851 | 2.63% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,198 | 3.12% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,694 | 3.38% |
| Warren, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,796 | 2.38% |
Similar Lenders
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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Product Mix
For 2021, Greenway Mortgage Funding Corp.'s most frequently originated type of loan was Conventional, with 900 originations. Their 2nd most popular type was FHA, with 86 originations.
Loan Reason
For 2021, Greenway Mortgage Funding Corp.'s most frequently cited loan purpose was Home Purchase, with 493 originations. The 2nd most popular reason was Refi, with 303 originations.
Loan Duration/Length
For 2021, Greenway Mortgage Funding Corp.'s most frequently cited loan duration was 30 Year, with 832 originations. The 2nd most popular length was 15 Year, with 95 originations.
Origination Fees/Closing Costs
Greenway Mortgage Funding Corp.'s average total fees were $6,083, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 540 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 492 | $187,390,000 | $380,874 |
| 3-4% | 397 | $155,465,000 | $391,599 |
| <2.5% | 107 | $34,545,000 | $322,850 |
| 4-5% | 12 | $5,180,000 | $431,667 |
During 2021, Greenway Mortgage Funding Corp.'s average interest rate for loans was 3.08%, while their most frequently originated rate bucket for loans was 2.5-3%, with 492 originations.
Loan Sizing
2021 saw Greenway Mortgage Funding Corp. place emphasis on $200k-400k loans with 493 originations, totaling $147,405,000 in origination value.
Applicant Income
Greenway Mortgage Funding Corp. lent most frequently to those with incomes in the $100k-150k range, with 294 originations. The second most popular income band? $150k-250k, with 259 originations.
Applicant Debt to Income Ratio
Greenway Mortgage Funding Corp. lent most frequently to those with DTI ratios of 20-30%, with 197 originations. The next most common DTI ratio? 30-36%, with 181 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.52%
Greenway Mortgage Funding Corp. has an average approval rate.
Pick Rate
Approvals leading to origination77.98%
Greenway Mortgage Funding Corp. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,008 | $382,580,000 | $379,544 |