The Anderson Financial Group Inc Mortgage Interest Rate and Cost Review

Is The Anderson Financial Group Inc a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by The Anderson Financial Group Inc to those of other lenders for a comparable set of borrowers. Here is our review of The Anderson Financial Group Inc nationally:

Review ItemThe Anderson Financial Group Inc
Interest Ratesimilar to other lenders (-0.04%)
Loan Related Closing Costssimilar to other lenders (-$234)
National Rate and Closing Cost Star Rating(4)

On average, The Anderson Financial Group Inc’s interest rates were similar to those of other lenders (-0.04%). Its loan related closing costs were also similar to those of other lenders, with a difference of -$234. Overall, combining interest rates and closing costs we estimate that The Anderson Financial Group Inc tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 4 out of 5 stars. We maintain our independence by not accepting any money from the mortgage lenders we review. To visit The Anderson Financial Group Inc, its website is located at: https://www.andersonfinancialgroup.com.

The Anderson Financial Group Inc’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders in your area, click here. In particular, among the cities we track The Anderson Financial Group Inc was most active in:

  1. Chicago, IL
  2. Sterling Heights, MI
  3. Valparaiso, IN
  4. Phoenix, AZ
  5. Austin, TX

The Anderson Financial Group Inc’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, The Anderson Financial Group Inc originated Conforming, FHA and Jumbo mortgages for new home purchases. It also originated Conforming and Jumbo mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingFHAJumbo
Interest Rate Difference-0.05%+0.01%+0.04%
Loan Related Closing Cost Difference-$16-$56-$13
Cost Adjusted Rate Difference-0.05%+0.01%+0.04%
National Star Rating(3.5)(3.5)(3.5)
Refinance MortgagesConformingJumbo
Interest Rate Difference-0.03%+0.06%
Loan Related Closing Cost Difference-$507+$82
Cost Adjusted Rate Difference-0.06%+0.06%
Average Star Rating(4)(3)

As a summary, The Anderson Financial Group Inc is similar to other lenders for Conforming, FHA and Jumbo purchase mortgages. For refinancing mortgages, The Anderson Financial Group Inc is cheap for Conforming mortgage refinance. It is more expensive than other lenders for Jumbo mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about The Anderson Financial Group Inc:

Registered name: The Anderson Financial Group Inc
Registered city and state: CHICAGO, IL, 60614
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 The Anderson Financial 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 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.