What loan types does Carrington Mortgage Services offer?

Carrington Mortgage Services offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, usda. Each product has its own pricing score and performance metrics.

Where does Carrington Mortgage Services offer mortgages?

Carrington Mortgage Services is a national lender offering mortgages in all 50 states plus Washington D.C.

How competitive are Carrington Mortgage Services's mortgage rates?

Carrington Mortgage Services has an overall pricing score of 24/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Carrington Mortgage Services?

Carrington Mortgage Services is a Independent Mortgage Company headquartered in WILMINGTON, DE.

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Carrington Mortgage Services

Independent Mortgage Company•Wilmington, DEHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Carrington Mortgage Services — 8.7k loans across 31k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Acceptable

2/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Exceptional

5/5

FHA · Conventional · VA · Jumbo · USDA

Place

Sound

3/5

National · 49 mkts

Summary

What They Do Well

Particularly strong in Conventional and FHA and VA and Jumbo loans
Nationwide availability with consistent service

Things to Think About

Pricing may be below industry average
Higher than average fees ($4,326)

Explore another lender or local market

Report Card

Carrington Mortgage Services performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Acceptable

+44.1 bps above market avg

Pull Through

Closing strength

Sound

Top 60% of lenders

By Loan Product· Specialization by type

Conventional

Strong

Top 40% of lenders

FHA

Exceptional

Top 20% of lenders

Exceptional

Top 20% of lenders

Jumbo

Strong

Top 40% of lenders

USDA

Sound

Top 60% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Strong

Top 40% of lenders

Refinance

Exceptional

Top 20% of lenders

By Location· Geographic coverage

Geographic Reach

National · 50 markets

Strong

Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Acceptable	Strong	Acceptable	Acceptable	2,323	26.7%	+0.538%Above	$4,107Fees
FHA Loans	Sound	Exceptional	Acceptable	Sound	4,633	53.3%	+0.600%Above	$4,318Fees
VA Loans	Sound	Exceptional	Acceptable	Sound	1,649	19.0%	-0.236%Below	$4,771Fees
Jumbo Loans	Strong	Strong	—	Sound	76	0.9%	+1.477%Above	$1,383Fees
USDA Loans	Acceptable	Sound	—	Mediocre	16	0.2%	+1.648%Above	$3,322Fees

Conventional

Overall

Acceptable

Product

Strong

Pricing

Acceptable

Pull Through

Acceptable

Volume2,323

Mix26.7%

Spread

+0.538%Above

Fees

$4,107Fees

FHA Loans

Overall

Sound

Product

Exceptional

Pricing

Acceptable

Pull Through

Sound

Volume4,633

Mix53.3%

Spread

+0.600%Above

Fees

$4,318Fees

VA Loans

Overall

Sound

Product

Exceptional

Pricing

Acceptable

Pull Through

Sound

Volume1,649

Mix19.0%

Spread

-0.236%Below

Fees

$4,771Fees

Jumbo Loans

Overall

Strong

Product

Strong

Pricing—

Pull Through

Sound

Volume76

Mix0.9%

Spread

+1.477%Above

Fees

$1,383Fees

USDA Loans

Overall

Acceptable

Product

Sound

Pricing—

Pull Through

Mediocre

Volume16

Mix0.2%

Spread

+1.648%Above

Fees

$3,322Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Strong	Acceptable	Sound	2,060	23.7%	+0.542%Above	$3,489Fees
Refinance	Sound	Exceptional	Acceptable	Sound	6,637	76.3%	+0.409%Above	$4,592Fees

Purchase

Overall

Sound

Product

Strong

Pricing

Acceptable

Pull Through

Sound

Volume2,060

Mix23.7%

Spread

+0.542%Above

Fees

$3,489Fees

Refinance

Overall

Sound

Product

Exceptional

Pricing

Acceptable

Pull Through

Sound

Volume6,637

Mix76.3%

Spread

+0.409%Above

Fees

$4,592Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

8,697

Applications

30,846

Volume

$2 billion

Pricing & Closing

Avg Rate Spread

+0.441%

vs. market APOR

Avg Net Fees

$4,326

Origination − Credits

Pullthrough Rate

28.2%

Applications → Closed

Typical Borrower

Avg Loan Amount

$271,255

Avg Borrower Income

$119,005

Avg Property Value

$375,201

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

Includes Washington, DC

Avg Place Specialization

Sound

3/5

States with Loan Originations

51Nationwide · all 50 states and DC

Northeast9

CTMEMANHNJNYPARIVT

Midwest12

IAILINKSMIMNMONDNEOHSDWI

South17

ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV

West13

AKAZCACOHIIDMTNMNVORUTWAWY

Top Metro Areas by Place Specialization Score

1© Warren LeMay from Cincinnati, OH, United States · CC0

Atlanta, GAMetro

Volume 291Mix 3.35% of portfolio

72/100

Strong

2© Warren LeMay from Cincinnati, OH, United States · CC0

Cincinnati, OHMetro

Volume 115Mix 1.32% of portfolio

67/100

Strong

3© Interface Multimedia, Inc. · CC BY-SA 4.0

Tampa, FLMetro

Volume 137Mix 1.58% of portfolio

66/100

Strong

4© Richie Diesterheft from Chicago, IL, USA · CC BY 2.0

Lake County, INMetro

Volume 59Mix 0.68% of portfolio

65/100

Strong

Indianapolis, INMetro

Volume 121Mix 1.39% of portfolio

65/100

Strong

Washington, DC, DC-MDMetro

Volume 79Mix 0.91% of portfolio

64/100

Strong

Houston, TXMetro

Volume 158Mix 1.82% of portfolio

64/100

Strong

Orlando, FLMetro

Volume 107Mix 1.23% of portfolio

63/100

Strong

Charlotte, NC-SCMetro

Volume 100Mix 1.15% of portfolio

63/100

Strong

Riverside, CAMetro

Volume 126Mix 1.45% of portfolio

62/100

Strong

Showing 10 of 49 metro areas

Top States by Place Specialization Score

GeorgiaState

Volume 582Mix 6.69% of portfolio

75/100

Strong

FloridaState

Volume 884Mix 10.16% of portfolio

74/100

Strong

IndianaState

Volume 428Mix 4.92% of portfolio

72/100

Strong

TennesseeState

Volume 327Mix 3.76% of portfolio

71/100

Strong

OhioState

Volume 438Mix 5.04% of portfolio

71/100

Strong

VirginiaState

Volume 299Mix 3.44% of portfolio

71/100

Strong

TexasState

Volume 614Mix 7.06% of portfolio

71/100

Strong

PennsylvaniaState

Volume 312Mix 3.59% of portfolio

69/100

Strong

AlabamaState

Volume 190Mix 2.18% of portfolio

69/100

Strong

South CarolinaState

Volume 210Mix 2.41% of portfolio

69/100

Strong

Showing 10 of 46 states

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.