Metropolitan Life Insurance Co Mortgage Rates, Fees & InfoWhippany, NJ
Tax ID: 13-5581829
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewMetropolitan Life Insurance Co is a mid-sized mortgage company specializing in Refi and Home Purchase loans. Metropolitan Life Insurance Co has a high proportion of conventional loans. Their top markets by origination volume include: New York, Seattle, Tampa, Atlanta, and Dallas among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)
Metropolitan Life Insurance Co has an above average approval rate when compared to the average across all lenders.
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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|Simulated Rate||Simulation Date|
|15 Year Conventional Purchase||5.68%||5/28/23|
|15 Year Conventional Refi||5.68%||5/28/23|
|15 Year Cash-out Refi||5.68%||5/28/23|
|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.|
Metropolitan Life Insurance Co Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$5,294,795,000
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)||8||$635,290,000||$79,411,250||$0||3.55%|
|Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA)||7||$404,135,000||$57,733,571||$0||4.04%|
|TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)||4||$372,100,000||$93,025,000||$0||2.84%|
|ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA)||5||$346,445,000||$69,289,000||$0||4.76%|
|Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)||6||$330,920,000||$55,153,333||$0||3.82%|
|Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)||4||$315,190,000||$78,797,500||$0||4.21%|
|AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA)||4||$296,020,000||$74,005,000||$0||3.54%|
|Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA)||2||$275,810,000||$137,905,000||$0||3.14%|
|CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA)||3||$274,635,000||$91,545,000||$0||3.15%|
|Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)||4||$216,520,000||$54,130,000||$0||5.52%|
|PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)||3||$205,765,000||$68,588,333||$0||4.04%|
|NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA)||3||$204,685,000||$68,228,333||$0||4.54%|
|SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA)||2||$160,670,000||$80,335,000||$0||2.56%|
|Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA)||1||$135,305,000||$135,305,000||$0||2.46%|
|ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)||2||$121,820,000||$60,910,000||$0||3.19%|
|CINCINNATI, OH-KY-IN (FHA|USDA|VA)||2||$117,010,000||$58,505,000||$0||5.22%|
|Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA)||2||$115,660,000||$57,830,000||$0||2.72%|
|DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA)||3||$109,015,000||$36,338,333||$0||2.95%|
|BOULDER, CO (FHA|USDA|VA)||2||$95,810,000||$47,905,000||$0||3.08%|
|JACKSONVILLE, FL (FHA|USDA|VA)||1||$95,005,000||$95,005,000||$0||3.42%|
|BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA)||2||$84,010,000||$42,005,000||$0||3.01%|
|MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA)||1||$79,005,000||$79,005,000||$0||5.27%|
|SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA)||2||$73,460,000||$36,730,000||$0||2.83%|
|KANSAS CITY, MO-KS (FHA|USDA|VA)||2||$66,210,000||$33,105,000||$0||3.67%|
|RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)||1||$60,685,000||$60,685,000||$0||3.25%|
|BOISE CITY, ID (FHA|USDA|VA)||1||$38,405,000||$38,405,000||$0||3.63%|
|SALT LAKE CITY, UT (FHA|USDA|VA)||1||$35,205,000||$35,205,000||$0||3.24%|
|COLUMBUS, OH (FHA|USDA|VA)||1||$30,005,000||$30,005,000||$0||5.18%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Metropolitan Life Insurance Co's most frequently originated type of loan was Conventional, with 79 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Metropolitan Life Insurance Co's most frequently cited loan purpose was Refi, with 41 originations. The 2nd most popular reason was Home Purchase, with 38 originations.
For 2022, Metropolitan Life Insurance Co's most frequently cited loan duration was 3 Year, with 24 originations. The 2nd most popular length was 10 Year, with 20 originations.
During 2022, Metropolitan Life Insurance Co's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 36 originations.
|Loan Size||Originations||Total Value||Average Loan||Average Fees||Average Rate|
2022 saw Metropolitan Life Insurance Co place emphasis on $1MM+ loans with 79 originations, totaling $5,294,795,000 in origination value.
|Applicant Ethnicity||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Approval RatesTotal approvals of all applications
Metropolitan Life Insurance Co has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Points and Fees
|Points||Originations||Total Value||Average Loan|
Occupancy Type Mix
|Dwelling Type||Originations||Total Value||Average Loan|