Mortgage Suppliers Rates, Fees & Info
WINCHESTER, KYLEI: 549300Z7FK8G2S8WGC14
Tax ID: 61-1388642
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Mortgage Data
Review & Overview
Mortgage Suppliers is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. They also have a high ratio of USDA loans. Mortgage Suppliers has an average proportion of conventional loans. Their top markets by origination volume include: Mount Sterling, Lexington, Richmond, Campbellsville, and London among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Mortgage Suppliers 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. Mortgage Suppliers 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.63% | 11/21/24 |
| 30 Year Conventional Refi | 6.27% | 11/21/24 |
| 30 Year Cash-out Refi | 6.27% | 11/21/24 |
| 30 Year FHA Purchase | 7.76% | 11/21/24 |
| 30 Year FHA Refi | 7.40% | 11/21/24 |
| 30 Year VA Purchase | 6.27% | 11/21/24 |
| 30 Year USDA Purchase | 7.33% | 11/21/24 |
| 30 Year USDA Refi | 6.27% | 11/21/24 |
| 15 Year Conventional Purchase | 6.86% | 11/21/24 |
| 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. | ||
Mortgage Suppliers Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
114Origination Dollar Volume (All Markets)
$15,660,000Awards
MORTGAGE SUPPLIERS - 2022
MORTGAGE SUPPLIERS is a 2022 , due to their low .
For 2022, 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 55 | $6,595,000 | $119,909 | $4,264 | 4.74% |
| Mount Sterling, KY (FHA|USDA|VA) | 18 | $2,480,000 | $137,778 | $3,906 | 4.56% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 11 | $2,015,000 | $183,182 | $4,839 | 4.47% |
| Richmond-Berea, KY (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $8,717 | 4.08% |
| Campbellsville, KY (FHA|USDA|VA) | 8 | $870,000 | $108,750 | $4,048 | 5.05% |
| London, KY (FHA|USDA|VA) | 5 | $755,000 | $151,000 | $2,623 | 5.30% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $3,465 | 4.72% |
| Danville, KY (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $6,803 | 4.63% |
| Somerset, KY (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $6,495 | 3.88% |
| Frankfort, KY (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,017 | 4.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,293 | 5.75% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,439 | 5.75% |
| Maysville, KY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,927 | 4.50% |
| Middlesborough, KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,560 | 4.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against MORTGAGE SUPPLIERS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 85
Similarity Rank: 114
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Similarity Rank: 250
Similarity Rank: 275
Similarity Rank: 333
Similarity Rank: 376
Similarity Rank: 420
Similarity Rank: 480
Similarity Rank: 513
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| FHA | 61 | $8,445,000 | $138,443 | $4,505 | 4.69% |
| USDA | 41 | $4,765,000 | $116,220 | $4,110 | 4.79% |
| Conventional | 12 | $2,450,000 | $204,167 | $4,362 | 4.45% |
For 2022, Mortgage Suppliers's most frequently originated type of loan was FHA, with 61 originations. Their 2nd most popular type was USDA, with 41 originations.
Loan Reason
For 2022, Mortgage Suppliers's most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Cash Out Refi, with 5 originations.
Loan Duration/Length
For 2022, Mortgage Suppliers's most frequently cited loan duration was 30 Year, with 110 originations. The 2nd most popular length was 20 Year, with 3 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 45 | $5,565,000 | $123,667 |
| $2k-3k | 18 | $2,570,000 | $142,778 |
| $<1k | 9 | $1,005,000 | $111,667 |
| $3k-4k | 5 | $1,165,000 | $233,000 |
Mortgage Suppliers's average total fees were $4,310, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 45 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 47 | $6,355,000 | $135,213 |
| 5-6% | 37 | $4,315,000 | $116,622 |
| 3-4% | 27 | $4,555,000 | $168,704 |
| 2.5-3% | 2 | $270,000 | $135,000 |
| 6-7% | 1 | $165,000 | $165,000 |
During 2022, Mortgage Suppliers's average interest rate for loans was 4.71%, while their most frequently originated rate bucket for loans was 4-5%, with 47 originations.
Loan Sizing
2022 saw Mortgage Suppliers place emphasis on $100k-200k loans with 55 originations, totaling $7,795,000 in origination value.
Applicant Income
Mortgage Suppliers lent most frequently to those with incomes in the $50k or less range, with 53 originations. The second most popular income band? $50k-75k, with 37 originations.
Applicant Debt to Income Ratio
Mortgage Suppliers lent most frequently to those with DTI ratios of 30-36%, with 22 originations. The next most common DTI ratio? 20-30%, with 14 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.75%
Mortgage Suppliers has a below average approval rate.
Pick Rate
Approvals leading to origination34.21%
Mortgage Suppliers 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 | 114 | $15,660,000 | $137,368 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Mortgage Research Center, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| Mortgage Research Center, LLC | VA mortgage | Trouble during payment process | 1 | 50.0% |