Greentree Mortgage Interest Rate and Cost Review

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

Interest Ratesimilar to average (+0.01%)
Loan Related Closing Costssimilar to average (-$77)
National Rate and Closing Cost Rating(3.5)

On average, Greentree Mortgage’s interest rates were similar to those of other lenders (+0.01%) for a comparable set of borrowers. Its average total loan related closing cost was similar to those of other lenders, with a difference of -$77. Overall, combining interest rates and closing costs we estimate that Greentree Mortgage tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3.5 out of 5.0 stars.

Greentree Mortgage’s Rates by Area

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

  1. Ocean City, NJ
  2. Philadelphia, PA
  3. Toms River, NJ
  4. Jersey City, NJ
  5. Middletown, DE

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

Greentree Mortgage’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, Greentree Mortgage originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA, USDA 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+0.06%-0.03%+0.02%-0.03%+0.05%
Loan Related Closing Cost Difference-$93+$84-$13+$8+$129
Cost Adjusted Rate Difference+0.06%-0.03%+0.02%-0.03%+0.06%
Star Rating(3.0)(3.5)(3.5)(3.5)(3.0)
Refinance MortgagesConformingFHAUSDAVA
Interest Rate Difference-0.01%-0.05%-0.00%+0.00%
Loan Related Closing Cost Difference-$380-$581-$6-$180
Cost Adjusted Rate Difference-0.05%-0.10%-0.00%-0.01%
Star Rating(3.5)(4.0)(3.5)(3.5)

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

Other information about Greentree Mortgage:

Registered name: Greentree Mortgage Company, LP
Registered city and state: Gibbsboro, NJ, 08026
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 Greentree Mortgage’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.