Get A Rate Mortgage Rates, Fees & Info

Hackensack, NJ

LEI: 549300YTNLQPR4PKXG57

Tax ID: 45-4595995

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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.

    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

    1,141

    Origination Dollar Volume (All Markets)

    $398,475,000
    Show all (6) awards

    Top Markets

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    • Leaflet | Map data © OpenStreetMap contributors| Map style: © OpenTopoMap (CC-BY-SA)

    Click or Hover to activate map

    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%
    Get A Rate's top markets include New York, Philadelphia, Riverside, Los Angeles, and Miami among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)

    • 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.

    N C P D Federal Credit Union
    Similarity Rank: 102
    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 167
    Emory Alliance Credit Union
    Similarity Rank: 305
    Schuyler Savings Bank
    Similarity Rank: 352
    Christian Community Credit Union
    Similarity Rank: 354
    Louviers Federal Credit Union
    Similarity Rank: 410
    BHCU
    Similarity Rank: 504
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 652
    The First National Bank of Long Island
    Similarity Rank: 748
    POWER FINANCIAL
    Similarity Rank: 768

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,010 $347,870,000 $344,426 $4,233 2.87%
    FHA 105 $40,135,000 $382,238 $11,635 2.85%
    VA 26 $10,470,000 $402,692 $7,151 2.64%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 509 $170,015,000 $334,018 $3,808 2.71%
    Home Purchase 330 $128,810,000 $390,333 $7,147 3.02%
    Cash Out Refi 302 $99,650,000 $329,967 $4,634 2.96%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 903 $326,035,000 $361,058 $5,356 2.96%
    15 Year 123 $37,175,000 $302,236 $3,693 2.36%
    20 Year 75 $23,075,000 $307,667 $3,580 2.69%
    10 Year 20 $5,160,000 $258,000 $2,769 2.20%
    Other 20 $7,030,000 $351,500 $4,349 2.88%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 663 $237,445,000 $358,137
    $1k-2k 180 $54,870,000 $304,833
    $2k-3k 109 $36,955,000 $339,037
    $5k+ 65 $27,605,000 $424,692
    $3k-4k 62 $21,750,000 $350,806
    $4k-5k 31 $10,385,000 $335,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 716 $210,870,000 $294,511 $4,484 2.84%
    $400k-600k 279 $134,105,000 $480,663 $6,091 2.86%
    $100k-200k 90 $14,710,000 $163,444 $3,822 3.12%
    $600k-1MM 55 $38,705,000 $703,727 $7,818 2.87%
    $100,000 or less 1 $85,000 $85,000 $5,545 4.13%

    2021 saw Get A Rate place emphasis on $200k-400k loans with 716 originations, totaling $210,870,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 380 $132,350,000 $348,289 $5,091 2.90%
    $150k-250k 289 $110,915,000 $383,789 $4,692 2.85%
    $75k-100k 187 $56,865,000 $304,091 $5,049 2.87%
    $50k-75k 129 $33,475,000 $259,496 $5,212 2.92%
    $250k+ 113 $52,815,000 $467,389 $4,845 2.71%
    $50k or less 37 $9,365,000 $253,108 $5,664 2.90%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 228 $78,000,000 $342,105 $4,652 2.85%
    20-30% 218 $73,380,000 $336,606 $4,253 2.79%
    <20% 82 $28,120,000 $342,927 $3,282 2.66%
    42% 52 $19,670,000 $378,269 $5,346 2.98%
    37% 50 $17,310,000 $346,200 $4,141 2.89%
    44% 50 $16,330,000 $326,600 $4,870 2.98%
    40% 42 $15,560,000 $370,476 $5,305 2.95%
    36% 42 $15,990,000 $380,714 $4,965 2.94%
    46% 42 $14,130,000 $336,429 $5,844 2.87%
    43% 40 $14,070,000 $351,750 $4,776 2.96%
    50-60% 39 $14,585,000 $373,974 $10,991 2.78%
    41% 39 $13,885,000 $356,026 $5,339 2.96%
    45% 37 $14,615,000 $395,000 $5,950 3.02%
    49% 36 $11,670,000 $324,167 $5,970 2.91%
    38% 35 $12,755,000 $364,429 $5,560 2.90%
    47% 35 $12,005,000 $343,000 $4,993 3.03%
    39% 31 $10,775,000 $347,581 $4,421 2.83%
    48% 29 $9,285,000 $320,172 $5,200 3.02%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 687 $236,105,000 $343,675 $4,662 2.87%
    Not provided 250 $86,700,000 $346,800 $5,713 2.89%
    Asian 133 $49,325,000 $370,865 $4,576 2.76%
    Black 47 $16,725,000 $355,851 $7,497 3.11%
    Asian Indian 17 $7,125,000 $419,118 $4,270 2.71%
    American Indian 3 $1,155,000 $385,000 $6,296 2.67%
    Other Asian 1 $545,000 $545,000 $3,117 2.88%
    Korean 2 $520,000 $260,000 $2,677 2.63%
    Chinese 1 $275,000 $275,000 $5,255 2.38%

    Approval Rates

    Total approvals of all applications
    89.29%

    Get A Rate has an average approval rate.

    Pick Rate

    Approvals leading to origination
    28.92%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,141 $398,475,000 $349,233

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 71 $18,985,000 $267,394 $3,535 2.64%
    40-60% 216 $63,670,000 $294,769 $3,502 2.67%
    60-80% 511 $184,545,000 $361,145 $4,420 2.93%
    80-100% 333 $127,275,000 $382,207 $7,004 2.96%
    Over 100% 2 $870,000 $435,000 $16,975 2.88%
    Under 20% 3 $785,000 $261,667 $4,778 3.04%