We compare mortgage interest rate and loan related closing costs at The Carroll Mortgage Group, Inc. with other lenders for mortgages with similar borrower characteristics:
Interest Rate: similar to average (+0.01%)
Loan Related Closing Costs: similar to average (-$207)
Assessment: this lender tends to be a average cost lender.
This scoreboard is based on data reported to FFIEC. In the data, The Carroll Mortgage Group, Inc. originated 173 mortgages, a national market share of 0.0%. It was primarily active in AR, with a 0.3% market share.
On average, The Carroll Mortgage Group, Inc.’s interest rates were similar to those of comparable mortgages at other lenders (+0.01%).3The comparable mortgages control for The Carroll Mortgage Group, Inc.’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $4517, which was similar to those of comparable mortgages at $4724, with a difference of -$207. Overall, we estimate that The Carroll Mortgage Group, Inc. tends to be an average cost lender, with a cost-adjusted-rate difference of -0.03% compared to comparable mortgages at other lenders.4Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Nevertheless, we recommend comparing your rate and fees with at least a few other lenders before signing with The Carroll Mortgage Group, Inc..
The Carroll Mortgage Group, Inc. originated FHA mortgages for new home purchases. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:
Home Purchase Mortgages from The Carroll Mortgage Group, Inc. compared to other lenders
|Interest Rate Difference||+0.01%|
|Loan related Closing Cost Difference||-$207|
|Cost Adjusted Rate Difference||-0.03%|
Based on the table above, The Carroll Mortgage Group, Inc. is similar to other lenders for FHA purchase mortgages.
Other information about The Carroll Mortgage Group, Inc.:
Regulator: United States Department of Housing and Urban Development (HUD)
Registered city and state: LITTLE ROCK, AR, 72205