Embrace Home Loans Mortgage Rates, Fees & Info

MIDDLETOWN, RI

LEI: 213800QUAI2VH5YM6310

Tax ID: 05-0402708

3.8 stars - Updated: 5/27/24 - out of 5 stars, based on 73 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Embrace Home Loans is a small mortgage company specializing in Home Purchase loans. Embrace Home Loans has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: New York, Washington, Baltimore, Boston, and Palm Bay among others. We have data for 268 markets. (Some data included below & more in-depth data is available with an active subscription.)

Embrace Home Loans has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Embrace Home Loans is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.47% 5/27/24
30 Year Conventional Refi 6.41% 5/27/24
30 Year Cash-out Refi 6.68% 5/27/24
30 Year FHA Purchase 7.40% 5/27/24
30 Year FHA Refi 7.21% 5/27/24
30 Year VA Purchase 6.05% 5/27/24
30 Year VA Refi 5.80% 5/27/24
30 Year USDA Purchase 6.86% 5/27/24
30 Year USDA Refi 7.23% 5/27/24
15 Year Conventional Purchase 5.98% 5/27/24
15 Year Conventional Refi 5.96% 5/27/24
15 Year Cash-out Refi 5.96% 5/27/24
15 Year FHA Purchase 7.23% 5/27/24
15 Year FHA Refi 7.40% 5/27/24
15 Year VA Refi 5.81% 5/27/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Embrace Home Loans Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Embrace Home Loans. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

5,325

Origination Dollar Volume (All Markets)

$2,250,205,000
Show all (16) awards

Relative Rate

Embrace Home Loans's average 30 year fixed mortgage rate was 6.57%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.09%.

Relative Fees (Closing Costs)

Embrace Home Loans's average total fees/closing costs for a 30 year fixed rate mortgage were $9,990.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1,207 $632,725,000 $524,213 $10,352 6.53%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1,144 $563,460,000 $492,535 $11,331 6.47%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 319 $126,815,000 $397,539 $10,385 6.57%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 146 $72,750,000 $498,288 $8,435 6.68%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 163 $53,415,000 $327,699 $11,285 6.48%
Outside of Metro Areas 152 $49,810,000 $327,697 $9,324 6.54%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 110 $42,660,000 $387,818 $9,358 6.59%
MOBILE, AL (FHA|USDA|VA) 206 $39,640,000 $192,427 $8,004 6.68%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 115 $39,535,000 $343,783 $10,638 6.48%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 122 $36,890,000 $302,377 $8,554 6.86%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 96 $31,810,000 $331,354 $10,670 6.59%
LYNCHBURG, VA (FHA|USDA|VA) 83 $21,185,000 $255,241 $8,286 6.71%
SALISBURY, MD-DE (FHA|USDA|VA) 42 $19,700,000 $469,048 $11,415 6.68%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 46 $16,950,000 $368,478 $10,500 6.43%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 38 $16,860,000 $443,684 $5,669 6.68%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 12 $15,790,000 $1,315,833 $10,358 6.63%
RICHMOND, VA (FHA|USDA|VA) 39 $14,475,000 $371,154 $7,722 6.70%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 34 $14,410,000 $423,824 $9,813 6.45%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 29 $14,125,000 $487,069 $8,571 6.32%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 50 $13,760,000 $275,200 $8,676 6.80%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 16 $13,030,000 $814,375 $11,894 6.47%
WORCESTER, MA-CT (FHA|USDA|VA) 34 $11,960,000 $351,765 $8,173 6.91%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 39 $11,895,000 $305,000 $8,959 6.61%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 33 $11,375,000 $344,697 $9,697 6.53%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 42 $11,190,000 $266,429 $8,001 6.72%
ROANOKE, VA (FHA|USDA|VA) 41 $10,935,000 $266,707 $7,888 6.73%
JACKSONVILLE, FL (FHA|USDA|VA) 25 $10,215,000 $408,600 $9,246 6.74%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 24 $9,730,000 $405,417 $10,083 6.34%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 19 $9,425,000 $496,053 $9,661 6.61%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 22 $9,210,000 $418,636 $10,229 6.36%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 26 $8,930,000 $343,462 $10,998 6.40%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 22 $8,730,000 $396,818 $10,526 6.20%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 13 $8,355,000 $642,692 $11,270 6.81%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 22 $7,890,000 $358,636 $7,645 7.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 19 $7,595,000 $399,737 $8,395 6.75%
PUNTA GORDA, FL (FHA|USDA|VA) 25 $7,475,000 $299,000 $11,403 6.33%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 8 $7,430,000 $928,750 $12,427 6.47%
WINCHESTER, VA-WV (FHA|USDA|VA) 19 $6,785,000 $357,105 $9,992 6.73%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 11 $6,195,000 $563,182 $9,025 7.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 21 $5,885,000 $280,238 $9,577 6.53%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 16 $5,810,000 $363,125 $8,370 6.69%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 17 $5,595,000 $329,118 $7,431 6.47%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 21 $5,345,000 $254,524 $11,444 6.37%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 16 $5,250,000 $328,125 $8,882 6.74%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 11 $4,925,000 $447,727 $6,815 6.44%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 14 $4,820,000 $344,286 $10,991 6.94%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 16 $4,690,000 $293,125 $6,221 6.80%
DOVER, DE (FHA|USDA|VA) 15 $4,565,000 $304,333 $10,293 6.62%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 8 $4,380,000 $547,500 $6,635 6.36%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 10 $3,810,000 $381,000 $8,676 6.50%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $3,745,000 $749,000 $11,117 6.48%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 6 $3,630,000 $605,000 $7,990 6.64%
SPRINGFIELD, MA (FHA|USDA|VA) 10 $3,520,000 $352,000 $7,724 6.54%
PITTSBURGH, PA (FHA|USDA|VA) 14 $3,370,000 $240,714 $8,333 6.94%
STAUNTON, VA (FHA|USDA|VA) 11 $3,205,000 $291,364 $7,628 6.91%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $2,950,000 $491,667 $10,292 6.62%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 8 $2,830,000 $353,750 $8,956 6.41%
COLUMBUS, OH (FHA|USDA|VA) 7 $2,805,000 $400,714 $8,675 6.89%
BANGOR, ME (FHA|USDA|VA) 12 $2,730,000 $227,500 $7,859 6.47%
Concord, NH (FHA|USDA|VA) 8 $2,680,000 $335,000 $7,025 6.75%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $2,615,000 $523,000 $10,034 6.20%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 10 $2,540,000 $254,000 $7,405 6.81%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 9 $2,535,000 $281,667 $9,670 6.72%
WILMINGTON, NC (FHA|USDA|VA) 2 $2,460,000 $1,230,000 $9,457 5.31%
RALEIGH-CARY, NC (FHA|USDA|VA) 5 $2,355,000 $471,000 $5,070 6.65%
Cookeville, TN (FHA|USDA|VA) 10 $2,320,000 $232,000 $7,725 6.65%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 6 $2,280,000 $380,000 $8,947 6.37%
Easton, MD (FHA|USDA|VA) 4 $2,280,000 $570,000 $7,775 6.12%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 3 $2,275,000 $758,333 $6,013 6.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 8 $2,260,000 $282,500 $10,174 7.14%
Seneca, SC (FHA|USDA|VA) 2 $2,220,000 $1,110,000 $9,663 6.19%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 5 $2,205,000 $441,000 $8,828 6.15%
Laconia, NH (FHA|USDA|VA) 5 $2,145,000 $429,000 $7,989 6.75%
Lebanon, NH-VT (FHA|USDA|VA) 8 $2,120,000 $265,000 $7,809 6.89%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 4 $2,110,000 $527,500 $12,913 6.90%
Brevard, NC (FHA|USDA|VA) 2 $2,090,000 $1,045,000 $6,239 6.50%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 7 $1,985,000 $283,571 $14,270 6.75%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $1,820,000 $910,000 $9,237 6.06%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 6 $1,760,000 $293,333 $10,240 6.54%
Cambridge, MD (FHA|USDA|VA) 7 $1,745,000 $249,286 $9,793 6.39%
KINGSTON, NY (FHA|USDA|VA) 3 $1,715,000 $571,667 $12,477 6.63%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 5 $1,695,000 $339,000 $6,565 6.55%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 6 $1,680,000 $280,000 $8,145 6.89%
Morehead City, NC (FHA|USDA|VA) 4 $1,680,000 $420,000 $6,579 7.06%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $1,660,000 $830,000 $4,418 6.81%
ASHEVILLE, NC (FHA|USDA|VA) 5 $1,655,000 $331,000 $7,362 6.67%
HARRISONBURG, VA (FHA|USDA|VA) 4 $1,630,000 $407,500 $14,679 6.19%
GETTYSBURG, PA (FHA|USDA|VA) 6 $1,600,000 $266,667 $7,072 6.75%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $1,540,000 $385,000 $10,418 6.47%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 8 $1,520,000 $190,000 $8,902 6.52%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 6 $1,490,000 $248,333 $10,162 6.74%
LANCASTER, PA (FHA|USDA|VA) 4 $1,490,000 $372,500 $12,193 6.40%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 6 $1,490,000 $248,333 $6,686 6.37%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 5 $1,485,000 $297,000 $6,948 6.22%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $1,385,000 $461,667 $10,136 7.08%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 7 $1,375,000 $196,429 $10,965 6.89%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 4 $1,370,000 $342,500 $6,950 6.18%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,360,000 $680,000 $8,395 7.44%
PORT ST. LUCIE, FL (FHA|USDA|VA) 5 $1,345,000 $269,000 $9,521 6.80%
YORK-HANOVER, PA (FHA|USDA|VA) 5 $1,335,000 $267,000 $12,617 6.20%
OCALA, FL (FHA|USDA|VA) 6 $1,330,000 $221,667 $7,675 7.02%
Danville, VA (FHA|USDA|VA) 5 $1,285,000 $257,000 $7,667 6.80%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 6 $1,280,000 $213,333 $9,706 6.58%
READING, PA (FHA|USDA|VA) 5 $1,275,000 $255,000 $7,780 6.95%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 4 $1,260,000 $315,000 $9,063 6.69%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 4 $1,250,000 $312,500 $6,640 6.65%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $1,230,000 $615,000 $7,626 6.56%
Edwards, CO (FHA|USDA|VA) 1 $1,085,000 $1,085,000 $20,271 6.13%
KNOXVILLE, TN (FHA|USDA|VA) 4 $1,080,000 $270,000 $10,245 6.78%
Bozeman, MT (FHA|USDA|VA) 2 $1,020,000 $510,000 $6,768 7.06%
LOUISVILLE, KY (FHA|USDA|VA) 2 $1,010,000 $505,000 $8,642 6.93%
Greenwood, SC (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $6,067 6.38%
BELLINGHAM, WA (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $8,734 6.50%
Hudson, NY (FHA|USDA|VA) 2 $960,000 $480,000 $5,750 6.99%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $955,000 $318,333 $12,074 6.25%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $950,000 $475,000 $4,256 5.50%
Augusta-Waterville, ME (FHA|USDA|VA) 3 $945,000 $315,000 $9,985 6.63%
GAINESVILLE, FL (FHA|USDA|VA) 4 $930,000 $232,500 $9,319 6.34%
Talladega-Sylacauga, AL (FHA|USDA|VA) 2 $860,000 $430,000 $4,651 6.19%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $845,000 $281,667 $10,638 6.79%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $830,000 $207,500 $7,980 7.16%
Atmore, AL (FHA|USDA|VA) 5 $825,000 $165,000 $7,927 6.55%
COLUMBIA, SC (FHA|USDA|VA) 3 $825,000 $275,000 $8,469 7.71%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $805,000 $805,000 $4,417 6.63%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $800,000 $400,000 $12,064 6.62%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $785,000 $785,000 $8,653 9.38%
DUBUQUE, IA (FHA|USDA|VA) 1 $775,000 $775,000 $3,411 5.38%
LAS CRUCES, NM (FHA|USDA|VA) 2 $750,000 $375,000 $8,007 6.31%
MADERA, CA (FHA|USDA|VA) 2 $750,000 $375,000 $8,399 6.49%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $740,000 $370,000 $6,077 6.25%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $740,000 $370,000 $6,520 8.38%
Keene, NH (FHA|USDA|VA) 3 $725,000 $241,667 $5,941 6.95%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $725,000 $725,000 $17,160 5.49%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $725,000 $725,000 $6,275 5.75%
Crossville, TN (FHA|USDA|VA) 3 $695,000 $231,667 $9,968 6.88%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $685,000 $685,000 $13,233 6.49%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $675,000 $675,000 $13,825 6.50%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $670,000 $335,000 $9,631 5.87%
ALBUQUERQUE, NM (FHA|USDA|VA) 3 $665,000 $221,667 $10,505 6.58%
GLENS FALLS, NY (FHA|USDA|VA) 2 $660,000 $330,000 $14,047 7.00%
Show Low, AZ (FHA|USDA|VA) 1 $635,000 $635,000 $6,225 5.50%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 3 $635,000 $211,667 $9,489 6.67%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $635,000 $635,000 $18,370 5.75%
Oneonta, NY (FHA|USDA|VA) 2 $630,000 $315,000 $11,343 6.31%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $630,000 $315,000 $9,846 6.81%
ROCHESTER, NY (FHA|USDA|VA) 3 $615,000 $205,000 $6,152 6.71%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 3 $615,000 $205,000 $8,431 6.75%
Burley, ID (FHA|USDA|VA) 2 $590,000 $295,000 $9,341 6.24%
SAVANNAH, GA (FHA|USDA|VA) 2 $590,000 $295,000 $7,197 7.00%
THE VILLAGES, FL (FHA|USDA|VA) 2 $590,000 $295,000 $4,434 6.68%
JACKSON, MS (FHA|USDA|VA) 1 $565,000 $565,000 $5,318 6.88%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $560,000 $280,000 $9,344 6.63%
BOULDER, CO (FHA|USDA|VA) 1 $515,000 $515,000 $6,371 5.99%
Jefferson, GA (FHA|USDA|VA) 2 $490,000 $245,000 $9,658 6.06%
IOWA CITY, IA (FHA|USDA|VA) 1 $465,000 $465,000 $3,502 6.50%
BATON ROUGE, LA (FHA|USDA|VA) 2 $460,000 $230,000 $7,337 6.31%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $445,000 $445,000 $12,102 6.49%
MIDLAND, TX (FHA|USDA|VA) 1 $445,000 $445,000 $8,135 6.75%
LEBANON, PA (FHA|USDA|VA) 1 $445,000 $445,000 $10,749 7.25%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $440,000 $220,000 $9,675 6.87%
Shelby, NC (FHA|USDA|VA) 2 $440,000 $220,000 $7,909 7.06%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $425,000 $425,000 $10,520 6.25%
BINGHAMTON, NY (FHA|USDA|VA) 2 $420,000 $210,000 $10,583 6.62%
PROVO-OREM, UT (FHA|USDA|VA) 1 $405,000 $405,000 $3,705 6.38%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $405,000 $405,000 $4,558 6.00%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $405,000 $405,000 $5,600 6.38%
PANAMA CITY, FL (FHA|USDA|VA) 2 $400,000 $200,000 $4,993 7.24%
Moscow, ID (FHA|USDA|VA) 1 $395,000 $395,000 $5,427 5.88%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $390,000 $195,000 $6,241 6.75%
Durango, CO (FHA|USDA|VA) 1 $385,000 $385,000 $2,663 5.99%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $385,000 $385,000 $18,428 6.75%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $385,000 $385,000 $12,601 5.99%
BILLINGS, MT (FHA|USDA|VA) 1 $375,000 $375,000 $4,791 6.63%
Enterprise, AL (FHA|USDA|VA) 1 $375,000 $375,000 $5,754 7.38%
MONTGOMERY, AL (FHA|USDA|VA) 2 $370,000 $185,000 $7,510 6.62%
Crawfordsville, IN (FHA|USDA|VA) 2 $370,000 $185,000 $7,865 6.06%
CHICO, CA (FHA|USDA|VA) 1 $365,000 $365,000 $17,188 5.49%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $365,000 $365,000 $6,034 5.63%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $355,000 $355,000 $10,309 4.75%
Wooster, OH (FHA|USDA|VA) 1 $355,000 $355,000 $9,222 7.49%
COLUMBUS, IN (FHA|USDA|VA) 1 $355,000 $355,000 $3,292 5.13%
MORRISTOWN, TN (FHA|USDA|VA) 3 $355,000 $118,333 $8,018 6.75%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $355,000 $355,000 $9,911 6.25%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $345,000 $345,000 $5,808 6.88%
Lake City, FL (FHA|USDA|VA) 1 $345,000 $345,000 $5,728 6.99%
WACO, TX (FHA|USDA|VA) 1 $345,000 $345,000 $9,056 5.88%
MEDFORD, OR (FHA|USDA|VA) 1 $345,000 $345,000 $9,156 5.99%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $335,000 $335,000 $2,758 6.49%
GAINESVILLE, GA (FHA|USDA|VA) 1 $335,000 $335,000 $0 9.25%
Beaver Dam, WI (FHA|USDA|VA) 1 $335,000 $335,000 $7,334 6.38%
Lewisburg, PA (FHA|USDA|VA) 1 $335,000 $335,000 $17,016 6.88%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $325,000 $325,000 $15,462 5.99%
FORT WAYNE, IN (FHA|USDA|VA) 1 $325,000 $325,000 $13,573 6.75%
Big Rapids, MI (FHA|USDA|VA) 1 $325,000 $325,000 $3,661 7.50%
TYLER, TX (FHA|USDA|VA) 1 $315,000 $315,000 $6,000 6.75%
Brainerd, MN (FHA|USDA|VA) 1 $305,000 $305,000 $4,257 6.13%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $295,000 $295,000 $11,665 5.75%
Hannibal, MO (FHA|USDA|VA) 1 $295,000 $295,000 $4,000 6.25%
Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $295,000 $295,000 $10,079 6.49%
FRESNO, CA (FHA|USDA|VA) 1 $285,000 $285,000 $12,853 5.25%
Plainview, TX (FHA|USDA|VA) 1 $285,000 $285,000 $13,796 6.99%
JOPLIN, MO (FHA|USDA|VA) 1 $285,000 $285,000 $11,072 6.63%
GREAT FALLS, MT (FHA|USDA|VA) 1 $285,000 $285,000 $3,425 5.25%
COLUMBIA, MO (FHA|USDA|VA) 1 $275,000 $275,000 $9,338 6.25%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $275,000 $275,000 $8,753 6.25%
Wilson, NC (FHA|USDA|VA) 1 $275,000 $275,000 $4,415 6.25%
Gloversville, NY (FHA|USDA|VA) 1 $275,000 $275,000 $10,400 7.38%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $275,000 $275,000 $3,948 7.38%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $265,000 $265,000 $11,876 6.25%
TUCSON, AZ (FHA|USDA|VA) 1 $265,000 $265,000 $6,696 5.75%
Tupelo, MS (FHA|USDA|VA) 1 $255,000 $255,000 $13,186 5.63%
Paris, TN (FHA|USDA|VA) 1 $255,000 $255,000 $12,391 5.50%
DECATUR, AL (FHA|USDA|VA) 1 $245,000 $245,000 $12,274 7.13%
Coos Bay, OR (FHA|USDA|VA) 1 $245,000 $245,000 $13,897 5.63%
Dayton, TN (FHA|USDA|VA) 1 $245,000 $245,000 $3,148 7.63%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $235,000 $235,000 $12,725 6.99%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $235,000 $235,000 $9,116 6.13%
GADSDEN, AL (FHA|USDA|VA) 1 $235,000 $235,000 $5,221 6.25%
Ashtabula, OH (FHA|USDA|VA) 1 $225,000 $225,000 $10,917 6.25%
HINESVILLE, GA (FHA|USDA|VA) 1 $225,000 $225,000 $4,583 6.25%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $225,000 $225,000 $5,728 6.25%
AKRON, OH (FHA|USDA|VA) 1 $225,000 $225,000 $3,581 8.13%
Georgetown, SC (FHA|USDA|VA) 1 $215,000 $215,000 $8,621 6.25%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $205,000 $205,000 $7,406 6.49%
MADISON, WI (FHA|USDA|VA) 1 $205,000 $205,000 $3,236 6.49%
CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $205,000 $205,000 $7,027 6.75%
LaGrange, GA-AL (FHA|USDA|VA) 1 $195,000 $195,000 $8,977 6.75%
Newberry, SC (FHA|USDA|VA) 1 $195,000 $195,000 $11,998 6.63%
Richmond-Berea, KY (FHA|USDA|VA) 1 $195,000 $195,000 $3,462 6.00%
Greenville, MS (FHA|USDA|VA) 1 $175,000 $175,000 $6,165 6.63%
Palestine, TX (FHA|USDA|VA) 1 $175,000 $175,000 $7,284 6.88%
Richmond, IN (FHA|USDA|VA) 1 $175,000 $175,000 $8,878 7.25%
Paducah, KY-IL (FHA|USDA|VA) 1 $175,000 $175,000 $4,720 6.75%
PUEBLO, CO (FHA|USDA|VA) 1 $175,000 $175,000 $7,166 6.75%
KANKAKEE, IL (FHA|USDA|VA) 1 $175,000 $175,000 $4,587 6.00%
TULSA, OK (FHA|USDA|VA) 1 $175,000 $175,000 $4,869 6.49%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $165,000 $165,000 $6,833 7.25%
ROCKFORD, IL (FHA|USDA|VA) 1 $165,000 $165,000 $6,626 7.38%
Clewiston, FL (FHA|USDA|VA) 1 $165,000 $165,000 $6,998 6.25%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $165,000 $165,000 $7,888 6.75%
WICHITA, KS (FHA|USDA|VA) 1 $165,000 $165,000 $7,814 6.99%
GREENVILLE, NC (FHA|USDA|VA) 1 $155,000 $155,000 $4,727 6.49%
Marinette, WI-MI (FHA|USDA|VA) 1 $155,000 $155,000 $4,103 6.99%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $155,000 $155,000 $8,060 6.25%
Boone, NC (FHA|USDA|VA) 1 $145,000 $145,000 $6,035 6.99%
Susanville, CA (FHA|USDA|VA) 1 $145,000 $145,000 $9,236 6.75%
BRUNSWICK, GA (FHA|USDA|VA) 1 $135,000 $135,000 $4,438 6.38%
UTICA-ROME, NY (FHA|USDA|VA) 1 $135,000 $135,000 $9,493 7.25%
SALEM, OR (FHA|USDA|VA) 1 $135,000 $135,000 $10,357 6.38%
Berlin, NH (FHA|USDA|VA) 1 $125,000 $125,000 $3,146 7.38%
ERIE, PA (FHA|USDA|VA) 1 $125,000 $125,000 $10,773 6.49%
Ogdensburg-Massena, NY (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.99%
LAWTON, OK (FHA|USDA|VA) 1 $125,000 $125,000 $5,860 6.25%
Ottawa, IL (FHA|USDA|VA) 2 $120,000 $60,000 $4,961 8.00%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $115,000 $115,000 $5,118 6.75%
ROCHESTER, MN (FHA|USDA|VA) 1 $115,000 $115,000 $3,572 6.63%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $105,000 $105,000 $5,025 7.63%
Laurel, MS (FHA|USDA|VA) 1 $105,000 $105,000 $5,937 6.50%
MIDLAND, MI (FHA|USDA|VA) 1 $105,000 $105,000 $7,306 7.25%
Sevierville, TN (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.50%
Meridian, MS (FHA|USDA|VA) 1 $95,000 $95,000 $6,421 6.75%
Marion, IN (FHA|USDA|VA) 1 $95,000 $95,000 $6,482 7.25%
Sunbury, PA (FHA|USDA|VA) 1 $95,000 $95,000 $6,253 6.63%
SYRACUSE, NY (FHA|USDA|VA) 1 $85,000 $85,000 $6,134 6.63%
Sterling, IL (FHA|USDA|VA) 1 $85,000 $85,000 $6,425 7.75%
LAFAYETTE, LA (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.49%
Seneca Falls, NY (FHA|USDA|VA) 1 $85,000 $85,000 $7,888 6.75%
New Castle, PA (FHA|USDA|VA) 1 $75,000 $75,000 $2,878 7.13%
Embrace Home Loans's top markets include New York, Washington, Baltimore, Boston, and Palm Bay among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,578 $1,592,970,000 $445,212 $8,068 6.68%
    FHA 1,286 $449,800,000 $349,767 $13,646 6.40%
    VA 413 $197,305,000 $477,736 $14,199 6.12%
    USDA 48 $10,130,000 $211,042 $8,254 6.41%

    For 2023, Embrace Home Loans's most frequently originated type of loan was Conventional, with 3,578 originations. Their 2nd most popular type was FHA, with 1,286 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 4,904 $2,096,790,000 $427,567 $9,976 6.57%
    Cash Out Refi 285 $97,385,000 $341,702 $10,534 6.54%
    Refi 81 $36,155,000 $446,358 $8,208 6.34%
    Other 40 $15,910,000 $397,750 $6,881 6.69%
    Home Improvement 15 $3,965,000 $264,333 $8,881 6.80%

    For 2023, Embrace Home Loans's most frequently cited loan purpose was Home Purchase, with 4,904 originations. The 2nd most popular reason was Cash Out Refi, with 285 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,227 $2,213,745,000 $423,521 $9,990 6.57%
    15 Year 51 $21,505,000 $421,667 $7,972 6.01%
    20 Year 31 $10,835,000 $349,516 $6,559 6.38%
    Other 16 $4,120,000 $257,500 $10,445 6.84%

    For 2023, Embrace Home Loans's most frequently cited loan duration was 30 Year, with 5,227 originations. The 2nd most popular length was 15 Year, with 51 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,770 $856,210,000 $483,734
    $1k-2k 1,196 $583,790,000 $488,119
    $2k-3k 712 $243,090,000 $341,419
    $3k-4k 695 $236,335,000 $340,050
    $4k-5k 592 $218,750,000 $369,510
    $<1k 189 $59,045,000 $312,407

    Embrace Home Loans's average total fees were $9,990, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,770 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 2,896 $1,173,880,000 $405,345
    5-6% 1,221 $583,235,000 $477,670
    7-8% 1,050 $407,000,000 $387,619
    Over 8% 103 $52,855,000 $513,155
    4-5% 47 $28,535,000 $607,128
    3-4% 8 $4,700,000 $587,500

    During 2023, Embrace Home Loans's average interest rate for loans was 6.57%, while their most frequently originated rate bucket for loans was 6-7%, with 2,896 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,195 $657,265,000 $299,437 $8,968 6.62%
    $400k-600k 1,545 $756,875,000 $489,887 $11,021 6.48%
    $600k-1MM 777 $557,875,000 $717,986 $12,802 6.44%
    $100k-200k 605 $95,655,000 $158,107 $6,305 6.73%
    $1MM+ 130 $176,830,000 $1,360,231 $14,577 6.44%
    $100,000 or less 73 $5,705,000 $78,151 $5,165 6.96%

    2023 saw Embrace Home Loans place emphasis on $200k-400k loans with 2,195 originations, totaling $657,265,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,462 $577,350,000 $394,904 $10,258 6.55%
    $150k-250k 1,318 $671,570,000 $509,537 $10,948 6.55%
    $75k-100k 909 $272,195,000 $299,444 $9,307 6.53%
    $250k+ 742 $539,610,000 $727,237 $10,885 6.68%
    $50k-75k 684 $156,940,000 $229,444 $8,329 6.50%
    $50k or less 210 $32,540,000 $154,952 $6,326 6.69%

    Embrace Home Loans lent most frequently to those with incomes in the $100k-150k range, with 1,462 originations. The second most popular income band? $150k-250k, with 1,318 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 842 $362,290,000 $430,273 $9,063 6.55%
    20-30% 681 $281,045,000 $412,695 $8,308 6.60%
    50-60% 579 $232,615,000 $401,753 $14,446 6.36%
    49% 266 $109,710,000 $412,444 $10,547 6.61%
    44% 260 $109,280,000 $420,308 $10,231 6.57%
    48% 252 $102,930,000 $408,452 $10,889 6.53%
    46% 219 $89,925,000 $410,616 $10,281 6.57%
    43% 216 $85,300,000 $394,907 $9,862 6.58%
    42% 213 $99,245,000 $465,939 $9,453 6.64%
    38% 213 $90,815,000 $426,362 $9,406 6.55%
    41% 209 $88,955,000 $425,622 $8,776 6.62%
    45% 209 $85,915,000 $411,077 $9,407 6.55%
    39% 206 $90,870,000 $441,117 $9,418 6.56%
    47% 198 $84,160,000 $425,051 $9,984 6.74%
    36% 195 $88,805,000 $455,410 $8,994 6.54%
    40% 195 $84,225,000 $431,923 $8,944 6.63%
    37% 187 $81,595,000 $436,337 $9,000 6.53%
    <20% 151 $66,205,000 $438,444 $7,845 6.64%
    >60% 34 $16,320,000 $480,000 $21,861 7.51%

    Embrace Home Loans lent most frequently to those with DTI ratios of 30-36%, with 842 originations. The next most common DTI ratio? 20-30%, with 681 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,562 $1,466,650,000 $411,749 $9,338 6.60%
    Not provided 669 $312,395,000 $466,958 $10,808 6.45%
    Black 711 $280,165,000 $394,044 $11,839 6.50%
    Asian 317 $159,455,000 $503,013 $10,432 6.52%
    Asian Indian 30 $17,280,000 $576,000 $12,444 6.71%
    American Indian 22 $8,100,000 $368,182 $11,138 6.82%
    Filipino 4 $1,810,000 $452,500 $13,602 6.53%
    Not applicable 6 $1,680,000 $280,000 $7,525 6.19%
    Korean 1 $1,305,000 $1,305,000 $25,170 10.38%
    Native Hawaiian or Islander 2 $1,010,000 $505,000 $14,637 6.19%
    Other Asian 1 $355,000 $355,000 $15,280 9.75%

    Approval Rates

    Total approvals of all applications
    92.55%

    Embrace Home Loans has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.66%

    Embrace Home Loans has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,325 $2,250,205,000 $422,574

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    5,325 $2,250,205,000 $422,574

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 154 $37,330,000 $242,403 $5,929 6.74%
    40-60% 403 $152,635,000 $378,747 $7,440 6.58%
    60-80% 1,385 $631,855,000 $456,213 $8,956 6.67%
    80-100% 3,284 $1,385,520,000 $421,900 $10,550 6.52%
    Over 100% 81 $39,995,000 $493,765 $21,661 6.02%
    Under 20% 18 $2,870,000 $159,444 $4,886 6.68%