Guaranteed Rate Affinity Mortgage Interest Rate and Cost Review

Is Guaranteed Rate Affinity a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by Guaranteed Rate Affinity with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratesimilar to average (-0.07%)
Loan Related Closing Costssimilar to average (-$23)
National Rate and Closing Cost Rating(4.0)

On average, Guaranteed Rate Affinity’s interest rates were similar to those of other lenders (-0.07%) for a comparable set of borrowers. Its average total loan related closing cost was similar to those of other lenders, with a difference of -$23. Overall, combining interest rates and closing costs we estimate that Guaranteed Rate Affinity tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 4.0 out of 5.0 stars.

Guaranteed Rate Affinity’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track Guaranteed Rate Affinity was most active in:

  1. Minneapolis, MN
  2. Stamford, CT
  3. Chicago, IL
  4. Jersey City, NJ
  5. Boston, MA

You can click through to check out Guaranteed Rate Affinity’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

Guaranteed Rate Affinity’s Rates by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Guaranteed Rate Affinity originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA, Jumbo and VA mortgages for refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

New Purchase MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference-0.09%-0.04%+0.04%+0.01%-0.02%
Loan Related Closing Cost Difference+$23+$35+$107-$1-$168
Cost Adjusted Rate Difference-0.09%-0.03%+0.04%+0.01%-0.03%
Star Rating(4.0)(3.5)(3.5)(3.5)(3.5)
Refinance MortgagesConformingFHAJumboVA
Interest Rate Difference-0.10%-0.01%+0.01%-0.04%
Loan Related Closing Cost Difference-$159-$25+$187-$440
Cost Adjusted Rate Difference-0.11%-0.01%+0.01%-0.06%
Star Rating(4.0)(3.5)(3.5)(4.0)

As a summary, Guaranteed Rate Affinity is cheap for Conforming purchase mortgages. It is similar to other lenders for FHA, Jumbo, USDA and VA purchase mortgages. For refinancing mortgages, Guaranteed Rate Affinity is cheap for Conforming and VA mortgage refinance. It is similar to other lenders for FHA and Jumbo mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about Guaranteed Rate Affinity:

Registered name: Guaranteed Rate Affinity
Registered city and state: CHICAGO, IL, 60613
Regulator: United States Department of Housing and Urban Development (HUD)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Guaranteed Rate Affinity’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 commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.