Get A Rate Mortgage Rates, Fees & Info
Hackensack, NJLEI: 549300YTNLQPR4PKXG57
Tax ID: 45-4595995
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Get A Rate is a smaller mortgage company specializing in Refi and Home Purchase loans. Get A Rate has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: New York, Riverside, Philadelphia, Los Angeles, and Miami among others. We have data for 34 markets. (Some data included below & more in-depth data is available with an active subscription.)Get A Rate 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. Get A Rate 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.
Originations
1,204Origination Dollar Volume (All Markets)
$415,160,000Awards
GET A RATE - 2020
GET A RATE is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
Work for GET A RATE?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 927 | $330,845,000 | $356,899 | $5,008 | 3.02% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 80 | $24,700,000 | $308,750 | $6,440 | 3.07% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 43 | $11,975,000 | $278,488 | $3,819 | 2.91% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 20 | $8,030,000 | $401,500 | $5,172 | 3.04% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 20 | $6,660,000 | $333,000 | $4,279 | 2.86% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 15 | $4,945,000 | $329,667 | $3,076 | 2.78% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 17 | $4,795,000 | $282,059 | $4,733 | 2.81% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 9 | $2,955,000 | $328,333 | $3,351 | 2.73% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $2,185,000 | $312,143 | $3,885 | 3.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 5 | $1,905,000 | $381,000 | $5,554 | 2.98% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 5 | $1,865,000 | $373,000 | $5,821 | 3.02% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $1,685,000 | $240,714 | $4,112 | 3.25% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $1,550,000 | $387,500 | $4,543 | 3.16% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $3,031 | 3.97% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 5 | $995,000 | $199,000 | $5,248 | 2.98% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $4,073 | 4.29% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $3,984 | 2.94% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $4,978 | 2.83% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $4,083 | 3.08% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $4,330 | 2.88% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $3,130 | 2.75% |
| Outside of Metro Areas | 3 | $545,000 | $181,667 | $3,046 | 1.17% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $6,272 | 3.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,457 | 3.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $6,719 | 3.44% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,937 | 2.88% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $11,646 | 2.99% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,201 | 3.50% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 3.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,663 | 2.63% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,150 | 2.63% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,570 | 3.13% |
| OCALA, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,678 | 3.50% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,719 | 2.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against GET A RATE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 134
Similarity Rank: 247
Similarity Rank: 304
Similarity Rank: 345
Similarity Rank: 482
Similarity Rank: 538
Similarity Rank: 589
Similarity Rank: 625
Similarity Rank: 628
Similarity Rank: 638
Product Mix
For 2020, Get A Rate's most frequently originated type of loan was Conventional, with 1,055 originations. Their 2nd most popular type was FHA, with 115 originations.
Loan Reason
For 2020, Get A Rate's most frequently cited loan purpose was Refi, with 639 originations. The 2nd most popular reason was Home Purchase, with 370 originations.
Loan Duration/Length
For 2020, Get A Rate's most frequently cited loan duration was 30 Year, with 927 originations. The 2nd most popular length was 15 Year, with 154 originations.
Origination Fees/Closing Costs
Get A Rate's average total fees were $5,385, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 737 originations.
Interest Rates
During 2020, Get A Rate's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 2.5-3%, with 605 originations.
Loan Sizing
2020 saw Get A Rate place emphasis on $200k-400k loans with 776 originations, totaling $233,710,000 in origination value.
Applicant Income
Get A Rate lent most frequently to those with incomes in the $150k-250k range, with 348 originations. The second most popular income band? $100k-150k, with 343 originations.
Applicant Debt to Income Ratio
Get A Rate lent most frequently to those with DTI ratios of 20-30%, with 307 originations. The next most common DTI ratio? 30-36%, with 218 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.69%
Get A Rate has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination67.61%
Get A Rate 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 | 1,204 | $415,160,000 | $344,817 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,204 | $415,160,000 | $344,817 |