Get A Rate Mortgage Rates, Fees & Info
Hackensack, NJLEI: 549300YTNLQPR4PKXG57
Tax ID: 45-4595995
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Mortgage Data
Review & Overview
Get A Rate is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi 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, Philadelphia, Riverside, Los Angeles, and Miami among others. We have data for 46 markets. (Some data included below & more in-depth data is available with an active subscription.)Get A Rate has an 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 a low 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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Originations
1,141Origination Dollar Volume (All Markets)
$398,475,000Awards
GET A RATE - 2021
GET A RATE 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) | 854 | $306,690,000 | $359,122 | $4,976 | 2.86% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 59 | $16,975,000 | $287,712 | $4,065 | 2.82% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 47 | $14,745,000 | $313,723 | $6,312 | 2.92% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 24 | $9,300,000 | $387,500 | $5,049 | 2.93% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 15 | $5,875,000 | $391,667 | $5,409 | 2.86% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 16 | $5,220,000 | $326,250 | $4,265 | 2.54% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 16 | $5,170,000 | $323,125 | $5,866 | 3.05% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 11 | $3,205,000 | $291,364 | $7,847 | 3.42% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 11 | $3,065,000 | $278,636 | $3,761 | 2.86% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 8 | $2,780,000 | $347,500 | $7,505 | 3.05% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 10 | $2,250,000 | $225,000 | $3,669 | 2.80% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 8 | $2,240,000 | $280,000 | $3,916 | 2.69% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $2,175,000 | $435,000 | $6,108 | 3.25% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $2,000,000 | $500,000 | $6,380 | 2.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $1,880,000 | $313,333 | $6,760 | 2.69% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,635,000 | $545,000 | $2,418 | 2.83% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $4,239 | 3.02% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,345,000 | $269,000 | $4,125 | 2.75% |
| GAINESVILLE, GA (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $3,814 | 3.37% |
| Outside of Metro Areas | 2 | $770,000 | $385,000 | $6,956 | 2.50% |
| Key West, FL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $6,735 | 2.63% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $3,088 | 3.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $7,351 | 3.63% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $4,383 | 2.99% |
| NAPA, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,119 | 2.75% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,118 | 2.88% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $7,225 | 2.63% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,054 | 2.63% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $1,823 | 2.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,251 | 3.12% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,078 | 2.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $7,683 | 3.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,781 | 3.38% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,424 | 2.88% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,782 | 2.88% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,598 | 2.50% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,718 | 2.63% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,748 | 2.99% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 3.99% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,799 | 2.63% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,201 | 3.50% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,359 | 2.63% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,501 | 3.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,398 | 2.62% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,849 | 2.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,948 | 2.63% |
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.
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Product Mix
For 2021, Get A Rate's most frequently originated type of loan was Conventional, with 1,010 originations. Their 2nd most popular type was FHA, with 105 originations.
Loan Reason
For 2021, Get A Rate's most frequently cited loan purpose was Refi, with 509 originations. The 2nd most popular reason was Home Purchase, with 330 originations.
Loan Duration/Length
For 2021, Get A Rate's most frequently cited loan duration was 30 Year, with 903 originations. The 2nd most popular length was 15 Year, with 123 originations.
Origination Fees/Closing Costs
Get A Rate's average total fees were $5,356, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 663 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 615 | $223,235,000 | $362,984 |
| 3-4% | 278 | $95,040,000 | $341,871 |
| <2.5% | 236 | $77,270,000 | $327,415 |
| 4-5% | 12 | $2,930,000 | $244,167 |
During 2021, Get A Rate's average interest rate for loans was 2.96%, while their most frequently originated rate bucket for loans was 2.5-3%, with 615 originations.
Loan Sizing
2021 saw Get A Rate place emphasis on $200k-400k loans with 716 originations, totaling $210,870,000 in origination value.
Applicant Income
Get A Rate lent most frequently to those with incomes in the $100k-150k range, with 380 originations. The second most popular income band? $150k-250k, with 289 originations.
Applicant Debt to Income Ratio
Get A Rate lent most frequently to those with DTI ratios of 30-36%, with 228 originations. The next most common DTI ratio? 20-30%, with 218 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.29%
Get A Rate has an average approval rate.
Pick Rate
Approvals leading to origination28.92%
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 | 1,141 | $398,475,000 | $349,233 |