Embrace Home Loans, Inc.

Middletown, RI 02842

LEI: 213800QUAI2VH5YM6310

Tax ID: 05-0402708

2019 Data | 2018 Data


Overview

Embrace Home Loans, Inc. is a small mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Embrace Home Loans, Inc. 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 include Washington, Frederick, Nassau County, Baltimore, and Boston among others. They have a below average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Embrace Home Loans, Inc. is typically a medium-low fee lendor.


Originations

11,444

Origination Dollar Volume (All Markets)

$3,055,550,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 5,879 $1,701,065,000 $289,346
FHA 3,515 $801,035,000 $227,890
VA 1,703 $489,845,000 $287,637
USDA 347 $63,605,000 $183,300

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 5,993 $1,575,375,000 $262,869
Home Improvement 83 $10,175,000 $122,590
Other 110 $15,440,000 $140,364
Refi 2,535 $777,005,000 $306,511
Cash Out Refi 2,723 $677,555,000 $248,827

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 1,515 $573,925,000 $378,828
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 589 $207,605,000 $352,470
Outside of Metro Areas 875 $162,785,000 $186,040
NASSAU COUNTY-SUFFOLK COUNTY, NY 399 $155,185,000 $388,935
BALTIMORE-COLUMBIA-TOWSON, MD 499 $154,305,000 $309,228
BOSTON, MA 347 $121,215,000 $349,323
PROVIDENCE-WARWICK, RI-MA 344 $94,810,000 $275,610
SALISBURY, MD-DE 413 $93,205,000 $225,678
NEW BRUNSWICK-LAKEWOOD, NJ 199 $67,275,000 $338,065
ORLANDO-KISSIMMEE-SANFORD, FL 263 $62,515,000 $237,700
PALM BAY-MELBOURNE-TITUSVILLE, FL 273 $54,145,000 $198,333
PORTLAND-SOUTH PORTLAND, ME 173 $44,195,000 $255,462
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 104 $43,050,000 $413,942
LYNCHBURG, VA 244 $42,570,000 $174,467
WILMINGTON, DE-MD-NJ 153 $41,315,000 $270,033
LAKELAND-WINTER HAVEN, FL 216 $39,720,000 $183,889
NEWARK, NJ-PA 107 $39,655,000 $370,607
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 194 $35,850,000 $184,794
MOBILE, AL 233 $35,735,000 $153,369
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 84 $32,700,000 $389,286
HAGERSTOWN-MARTINSBURG, MD-WV 157 $32,245,000 $205,382
RICHMOND, VA 137 $32,115,000 $234,416
BLACKSBURG-CHRISTIANSBURG, VA 160 $30,830,000 $192,688
TAMPA-ST. PETERSBURG-CLEARWATER, FL 116 $30,740,000 $265,000
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 145 $30,245,000 $208,586
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 136 $30,200,000 $222,059
ROANOKE, VA 165 $29,645,000 $179,667
MANCHESTER-NASHUA, NH 103 $26,335,000 $255,680
DOVER, DE 109 $23,945,000 $219,679
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 66 $19,470,000 $295,000
CHARLOTTE-CONCORD-GASTONIA, NC-SC 83 $18,425,000 $221,988
SPRINGFIELD, MA 69 $14,935,000 $216,449
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 69 $14,775,000 $214,130
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 67 $13,795,000 $205,896
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 43 $13,035,000 $303,140
LOS ANGELES-LONG BEACH-GLENDALE, CA 34 $12,830,000 $377,353
PHOENIX-MESA-CHANDLER, AZ 53 $12,445,000 $234,811
BANGOR, ME 70 $12,190,000 $174,143
JACKSONVILLE, FL 56 $11,720,000 $209,286
LEWISTON-AUBURN, ME 65 $11,615,000 $178,692
NORTH PORT-SARASOTA-BRADENTON, FL 43 $11,555,000 $268,721
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 38 $11,520,000 $303,158
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 52 $11,090,000 $213,269
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 54 $10,580,000 $195,926
DALLAS-PLANO-IRVING, TX 49 $10,505,000 $214,388
CHARLESTON-NORTH CHARLESTON, SC 29 $10,075,000 $347,414
RALEIGH-CARY, NC 37 $9,465,000 $255,811
BARNSTABLE TOWN, MA 29 $8,805,000 $303,621
DENVER-AURORA-LAKEWOOD, CO 29 $8,755,000 $301,897
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 38 $8,740,000 $230,000
WORCESTER, MA-CT 33 $8,735,000 $264,697
OAKLAND-BERKELEY-LIVERMORE, CA 16 $8,330,000 $520,625
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 30 $8,090,000 $269,667
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 25 $8,045,000 $321,800
BRIDGEPORT-STAMFORD-NORWALK, CT 19 $7,895,000 $415,526
MIAMI-MIAMI BEACH-KENDALL, FL 24 $7,550,000 $314,583
CAMDEN, NJ 37 $7,485,000 $202,297
SACRAMENTO-ROSEVILLE-FOLSOM, CA 26 $7,450,000 $286,538
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 17 $7,335,000 $431,471
DAPHNE-FAIRHOPE-FOLEY, AL 31 $7,075,000 $228,226
COLUMBUS, OH 35 $6,975,000 $199,286
PHILADELPHIA, PA 32 $6,720,000 $210,000
KANSAS CITY, MO-KS 35 $6,125,000 $175,000
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 18 $5,920,000 $328,889
WINCHESTER, VA-WV 23 $5,875,000 $255,435
ST. LOUIS, MO-IL 30 $5,750,000 $191,667
INDIANAPOLIS-CARMEL-ANDERSON, IN 27 $5,595,000 $207,222
NEW HAVEN-MILFORD, CT 24 $5,490,000 $228,750
WARREN-TROY-FARMINGTON HILLS, MI 27 $5,395,000 $199,815
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 18 $5,280,000 $293,333
SALT LAKE CITY, UT 22 $5,270,000 $239,545
CINCINNATI, OH-KY-IN 31 $5,185,000 $167,258
TRENTON-PRINCETON, NJ 19 $5,135,000 $270,263
CAPE CORAL-FORT MYERS, FL 21 $5,045,000 $240,238
CHAMBERSBURG-WAYNESBORO, PA 24 $4,800,000 $200,000
COLORADO SPRINGS, CO 17 $4,445,000 $261,471
ANAHEIM-SANTA ANA-IRVINE, CA 9 $4,445,000 $493,889
PORT ST. LUCIE, FL 18 $4,290,000 $238,333
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 21 $4,285,000 $204,048
NEW ORLEANS-METAIRIE, LA 20 $3,940,000 $197,000
EAST STROUDSBURG, PA 23 $3,915,000 $170,217
ASHEVILLE, NC 14 $3,800,000 $271,429
BIRMINGHAM-HOOVER, AL 17 $3,665,000 $215,588
GETTYSBURG, PA 18 $3,660,000 $203,333
STOCKTON, CA 11 $3,555,000 $323,182
GREENVILLE-ANDERSON, SC 19 $3,555,000 $187,105
BUFFALO-CHEEKTOWAGA, NY 17 $3,545,000 $208,529
AUSTIN-ROUND ROCK-GEORGETOWN, TX 15 $3,485,000 $232,333
MEMPHIS, TN-MS-AR 19 $3,415,000 $179,737
CHARLOTTESVILLE, VA 14 $3,290,000 $235,000
BOISE CITY, ID 12 $3,180,000 $265,000
YORK-HANOVER, PA 16 $3,160,000 $197,500
OCALA, FL 16 $3,140,000 $196,250
MILWAUKEE-WAUKESHA, WI 13 $2,935,000 $225,769
SAN ANTONIO-NEW BRAUNFELS, TX 13 $2,835,000 $218,077
PITTSBURGH, PA 15 $2,805,000 $187,000
OXNARD-THOUSAND OAKS-VENTURA, CA 4 $2,760,000 $690,000
NORWICH-NEW LONDON, CT 13 $2,685,000 $206,538
CALIFORNIA-LEXINGTON PARK, MD 7 $2,645,000 $377,857
OGDEN-CLEARFIELD, UT 11 $2,615,000 $237,727
PENSACOLA-FERRY PASS-BRENT, FL 15 $2,595,000 $173,000
STAUNTON, VA 10 $2,550,000 $255,000
ALBUQUERQUE, NM 14 $2,540,000 $181,429
FORT WORTH-ARLINGTON-GRAPEVINE, TX 12 $2,410,000 $200,833
MADISON, WI 9 $2,405,000 $267,222
DURHAM-CHAPEL HILL, NC 12 $2,400,000 $200,000
SAVANNAH, GA 10 $2,310,000 $231,000
GRAND RAPIDS-KENTWOOD, MI 15 $2,285,000 $152,333
TACOMA-LAKEWOOD, WA 7 $2,125,000 $303,571
HUNTSVILLE, AL 12 $2,110,000 $175,833
COLUMBIA, SC 11 $2,065,000 $187,727
BATON ROUGE, LA 9 $2,015,000 $223,889
VISALIA, CA 7 $2,005,000 $286,429
KNOXVILLE, TN 10 $1,990,000 $199,000
FAYETTEVILLE, NC 10 $1,990,000 $199,000
PROVO-OREM, UT 8 $1,980,000 $247,500
ALBANY-SCHENECTADY-TROY, NY 9 $1,975,000 $219,444
MERCED, CA 7 $1,965,000 $280,714
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 7 $1,955,000 $279,286
SEATTLE-BELLEVUE-KENT, WA 6 $1,930,000 $321,667
CHATTANOOGA, TN-GA 11 $1,885,000 $171,364
OKLAHOMA CITY, OK 11 $1,875,000 $170,455
JACKSON, MS 11 $1,875,000 $170,455
SPARTANBURG, SC 5 $1,845,000 $369,000
READING, PA 11 $1,835,000 $166,818
VALLEJO, CA 5 $1,815,000 $363,000
OMAHA-COUNCIL BLUFFS, NE-IA 11 $1,795,000 $163,182
NAPLES-MARCO ISLAND, FL 7 $1,745,000 $249,286
PRESCOTT VALLEY-PRESCOTT, AZ 7 $1,745,000 $249,286
CHICO, CA 7 $1,675,000 $239,286
GARY, IN 10 $1,670,000 $167,000
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 10 $1,640,000 $164,000
DES MOINES-WEST DES MOINES, IA 11 $1,585,000 $144,091
FORT COLLINS, CO 5 $1,575,000 $315,000
COEUR D'ALENE, ID 6 $1,530,000 $255,000
BAKERSFIELD, CA 7 $1,505,000 $215,000
SALINAS, CA 4 $1,480,000 $370,000
WINSTON-SALEM, NC 8 $1,450,000 $181,250
HOUMA-THIBODAUX, LA 7 $1,415,000 $202,143
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 3 $1,415,000 $471,667
DETROIT-DEARBORN-LIVONIA, MI 9 $1,405,000 $156,111
ST. GEORGE, UT 5 $1,375,000 $275,000
TUCSON, AZ 6 $1,340,000 $223,333
OCEAN CITY, NJ 5 $1,335,000 $267,000
AUGUSTA-RICHMOND COUNTY, GA-SC 8 $1,330,000 $166,250
SALEM, OR 5 $1,305,000 $261,000
GULFPORT-BILOXI, MS 8 $1,300,000 $162,500
EL PASO, TX 8 $1,300,000 $162,500
MODESTO, CA 5 $1,295,000 $259,000
MONTGOMERY, AL 6 $1,280,000 $213,333
WILMINGTON, NC 8 $1,280,000 $160,000
TALLAHASSEE, FL 5 $1,275,000 $255,000
GAINESVILLE, GA 6 $1,270,000 $211,667
GRANTS PASS, OR 4 $1,270,000 $317,500
SANTA CRUZ-WATSONVILLE, CA 3 $1,245,000 $415,000
HILTON HEAD ISLAND-BLUFFTON, SC 4 $1,160,000 $290,000
LAKE CHARLES, LA 5 $1,155,000 $231,000
ATHENS-CLARKE COUNTY, GA 4 $1,110,000 $277,500
WACO, TX 3 $1,105,000 $368,333
ATLANTIC CITY-HAMMONTON, NJ 6 $1,100,000 $183,333
WARNER ROBINS, GA 4 $1,090,000 $272,500
LOUISVILLE/JEFFERSON COUNTY, KY-IN 6 $1,070,000 $178,333
LAWTON, OK 4 $1,060,000 $265,000
HARRISONBURG, VA 3 $1,055,000 $351,667
SPRINGFIELD, MO 5 $1,045,000 $209,000
FORT WAYNE, IN 5 $1,045,000 $209,000
COLUMBUS, GA-AL 5 $1,025,000 $205,000
LANSING-EAST LANSING, MI 6 $1,020,000 $170,000
GREENSBORO-HIGH POINT, NC 4 $1,000,000 $250,000
HICKORY-LENOIR-MORGANTON, NC 6 $1,000,000 $166,667
BOULDER, CO 2 $940,000 $470,000
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 5 $935,000 $187,000
TULSA, OK 5 $935,000 $187,000
SANTA MARIA-SANTA BARBARA, CA 2 $930,000 $465,000
FRESNO, CA 3 $915,000 $305,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 6 $900,000 $150,000
EUGENE-SPRINGFIELD, OR 3 $895,000 $298,333
ROME, GA 3 $885,000 $295,000
FLINT, MI 6 $880,000 $146,667
SYRACUSE, NY 6 $860,000 $143,333
STATE COLLEGE, PA 3 $855,000 $285,000
CLARKSVILLE, TN-KY 5 $845,000 $169,000
IDAHO FALLS, ID 4 $840,000 $210,000
FORT SMITH, AR-OK 5 $835,000 $167,000
KINGSTON, NY 3 $795,000 $265,000
SPOKANE-SPOKANE VALLEY, WA 4 $780,000 $195,000
WICHITA, KS 4 $770,000 $192,500
LANCASTER, PA 4 $760,000 $190,000
GLENS FALLS, NY 4 $760,000 $190,000
LEXINGTON-FAYETTE, KY 5 $755,000 $151,000
JOHNSON CITY, TN 4 $750,000 $187,500
AKRON, OH 5 $745,000 $149,000
PITTSFIELD, MA 4 $740,000 $185,000
ALBANY, GA 4 $740,000 $185,000
SIOUX CITY, IA-NE-SD 5 $735,000 $147,000
DAYTON-KETTERING, OH 4 $730,000 $182,500
JACKSONVILLE, NC 4 $720,000 $180,000
ROCHESTER, NY 5 $715,000 $143,000
HUNTINGTON-ASHLAND, WV-KY-OH 5 $715,000 $143,000
BREMERTON-SILVERDALE-PORT ORCHARD, WA 2 $710,000 $355,000
BELLINGHAM, WA 2 $700,000 $350,000
ROCKY MOUNT, NC 4 $700,000 $175,000
ELMIRA, NY 3 $695,000 $231,667
SEBASTIAN-VERO BEACH, FL 4 $690,000 $172,500
FLORENCE-MUSCLE SHOALS, AL 4 $690,000 $172,500
HANFORD-CORCORAN, CA 2 $640,000 $320,000
GAINESVILLE, FL 4 $630,000 $157,500
AMES, IA 4 $630,000 $157,500
CEDAR RAPIDS, IA 3 $625,000 $208,333
MEDFORD, OR 3 $625,000 $208,333
GRAND FORKS, ND-MN 3 $625,000 $208,333
BURLINGTON, NC 4 $620,000 $155,000
HARRISBURG-CARLISLE, PA 3 $615,000 $205,000
SOUTH BEND-MISHAWAKA, IN-MI 4 $600,000 $150,000
BLOOMINGTON, IN 3 $595,000 $198,333
ELIZABETHTOWN-FORT KNOX, KY 3 $595,000 $198,333
CHICAGO-NAPERVILLE-EVANSTON, IL 3 $595,000 $198,333
SCRANTON--WILKES-BARRE, PA 5 $575,000 $115,000
TOPEKA, KS 2 $570,000 $285,000
CARBONDALE-MARION, IL 3 $565,000 $188,333
VINELAND-BRIDGETON, NJ 4 $560,000 $140,000
EVANSVILLE, IN-KY 3 $555,000 $185,000
TERRE HAUTE, IN 3 $555,000 $185,000
MONROE, MI 3 $545,000 $181,667
CLEVELAND-ELYRIA, OH 3 $535,000 $178,333
JOPLIN, MO 3 $535,000 $178,333
GREENVILLE, NC 3 $535,000 $178,333
SPRINGFIELD, IL 3 $525,000 $175,000
ODESSA, TX 2 $510,000 $255,000
NEW BERN, NC 2 $510,000 $255,000
REDDING, CA 3 $505,000 $168,333
LUBBOCK, TX 2 $500,000 $250,000
DULUTH, MN-WI 4 $500,000 $125,000
WHEELING, WV-OH 3 $485,000 $161,667
SEBRING-AVON PARK, FL 4 $480,000 $120,000
ERIE, PA 3 $475,000 $158,333
SUMTER, SC 3 $475,000 $158,333
PUNTA GORDA, FL 2 $460,000 $230,000
AUBURN-OPELIKA, AL 2 $460,000 $230,000
MORGANTOWN, WV 3 $425,000 $141,667
KINGSPORT-BRISTOL, TN-VA 4 $420,000 $105,000
RACINE, WI 2 $420,000 $210,000
LAKE COUNTY-KENOSHA COUNTY, IL-WI 1 $415,000 $415,000
LAS CRUCES, NM 3 $415,000 $138,333
LEBANON, PA 1 $415,000 $415,000
NAPA, CA 1 $415,000 $415,000
TOLEDO, OH 3 $405,000 $135,000
BLOOMSBURG-BERWICK, PA 2 $400,000 $200,000
GREEN BAY, WI 3 $395,000 $131,667
ITHACA, NY 2 $390,000 $195,000
COLUMBIA, MO 2 $390,000 $195,000
BEAUMONT-PORT ARTHUR, TX 2 $390,000 $195,000
KALAMAZOO-PORTAGE, MI 3 $385,000 $128,333
GREELEY, CO 2 $370,000 $185,000
DECATUR, AL 2 $370,000 $185,000
PINE BLUFF, AR 2 $370,000 $185,000
THE VILLAGES, FL 2 $370,000 $185,000
JOHNSTOWN, PA 3 $355,000 $118,333
SIERRA VISTA-DOUGLAS, AZ 2 $350,000 $175,000
GADSDEN, AL 3 $345,000 $115,000
SAN LUIS OBISPO-PASO ROBLES, CA 1 $345,000 $345,000
BECKLEY, WV 1 $345,000 $345,000
FARGO, ND-MN 1 $345,000 $345,000
CANTON-MASSILLON, OH 1 $345,000 $345,000
MCALLEN-EDINBURG-MISSION, TX 2 $340,000 $170,000
TWIN FALLS, ID 2 $340,000 $170,000
ELKHART-GOSHEN, IN 2 $340,000 $170,000
HOMOSASSA SPRINGS, FL 3 $335,000 $111,667
FLORENCE, SC 2 $330,000 $165,000
KENNEWICK-RICHLAND, WA 2 $330,000 $165,000
HINESVILLE, GA 2 $330,000 $165,000
LAWRENCE, KS 1 $315,000 $315,000
EAU CLAIRE, WI 2 $310,000 $155,000
ST. CLOUD, MN 2 $310,000 $155,000
JANESVILLE-BELOIT, WI 2 $310,000 $155,000
MOUNT VERNON-ANACORTES, WA 1 $305,000 $305,000
FARMINGTON, NM 1 $285,000 $285,000
CUMBERLAND, MD-WV 1 $265,000 $265,000
JONESBORO, AR 1 $265,000 $265,000
BATTLE CREEK, MI 1 $255,000 $255,000
ALTOONA, PA 3 $255,000 $85,000
BROWNSVILLE-HARLINGEN, TX 1 $245,000 $245,000
PUEBLO, CO 2 $240,000 $120,000
OSHKOSH-NEENAH, WI 1 $235,000 $235,000
PEORIA, IL 1 $235,000 $235,000
LAKE HAVASU CITY-KINGMAN, AZ 2 $230,000 $115,000
ABILENE, TX 1 $225,000 $225,000
ALBANY-LEBANON, OR 1 $215,000 $215,000
CHARLESTON, WV 2 $210,000 $105,000
DOTHAN, AL 2 $210,000 $105,000
LIMA, OH 1 $205,000 $205,000
BOWLING GREEN, KY 1 $205,000 $205,000
POCATELLO, ID 1 $205,000 $205,000
FOND DU LAC, WI 1 $205,000 $205,000
HATTIESBURG, MS 2 $200,000 $100,000
VALDOSTA, GA 2 $200,000 $100,000
MANSFIELD, OH 2 $200,000 $100,000
GRAND JUNCTION, CO 1 $195,000 $195,000
JACKSON, TN 1 $185,000 $185,000
YUBA CITY, CA 1 $185,000 $185,000
ALEXANDRIA, LA 1 $185,000 $185,000
LINCOLN, NE 1 $185,000 $185,000
MIDLAND, MI 1 $185,000 $185,000
MORRISTOWN, TN 1 $185,000 $185,000
LA CROSSE-ONALASKA, WI-MN 1 $185,000 $185,000
OLYMPIA-LACEY-TUMWATER, WA 1 $185,000 $185,000
WATERTOWN-FORT DRUM, NY 1 $185,000 $185,000
DALTON, GA 1 $185,000 $185,000
BLOOMINGTON, IL 1 $175,000 $175,000
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 1 $175,000 $175,000
SAGINAW, MI 1 $175,000 $175,000
TYLER, TX 1 $165,000 $165,000
ENID, OK 1 $155,000 $155,000
WILLIAMSPORT, PA 1 $145,000 $145,000
MICHIGAN CITY-LA PORTE, IN 1 $145,000 $145,000
IOWA CITY, IA 1 $135,000 $135,000
ROCHESTER, MN 1 $125,000 $125,000
JEFFERSON CITY, MO 1 $125,000 $125,000
NILES, MI 1 $125,000 $125,000
LAFAYETTE-WEST LAFAYETTE, IN 1 $125,000 $125,000
CORPUS CHRISTI, TX 1 $125,000 $125,000
SHEBOYGAN, WI 1 $125,000 $125,000
GOLDSBORO, NC 1 $115,000 $115,000
VICTORIA, TX 1 $105,000 $105,000
KILLEEN-TEMPLE, TX 1 $105,000 $105,000
ROCKFORD, IL 1 $105,000 $105,000
LAREDO, TX 1 $105,000 $105,000
LAFAYETTE, LA 1 $105,000 $105,000
MADERA, CA 1 $105,000 $105,000
BINGHAMTON, NY 1 $75,000 $75,000
MONROE, LA 1 $75,000 $75,000
WEIRTON-STEUBENVILLE, WV-OH 1 $75,000 $75,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
2.5-3% 62 $21,680,000 $349,677
3-4% 4,943 $1,504,955,000 $304,462
4-5% 4,580 $1,155,700,000 $252,336
5-6% 1,557 $300,225,000 $192,823
6-7% 157 $37,215,000 $237,038
7-8% 80 $22,760,000 $284,500
Over 8% 65 $13,015,000 $200,231

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 605 $42,495,000 $70,240
$100k-200k 3,744 $576,140,000 $153,884
$200k-400k 5,316 $1,498,200,000 $281,828
$400k-600k 1,432 $675,540,000 $471,746
$600k-1000k 312 $219,460,000 $703,397
$Over $1MM 35 $43,715,000 $1,249,000

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 185 $31,535,000 $170,459
40-60% 599 $143,505,000 $239,574
60-80% 2,732 $785,590,000 $287,551
80-100% 7,391 $1,962,355,000 $265,506
Over 100% 444 $130,070,000 $292,950
Under 20% 93 $2,495,000 $26,828

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 2,226 $698,200,000 $313,657
$150k-250k 1,244 $501,840,000 $403,408
$50k-75k 2,798 $574,660,000 $205,382
$50k-or less 1,794 $266,100,000 $148,328
$75k-100k 1,983 $512,795,000 $258,596
$Over $250k 396 $219,820,000 $555,101

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 7,680 $2,025,120,000 $263,688
Not provided 2,352 $648,390,000 $275,676
Black 1,070 $272,130,000 $254,327
Asian 277 $88,855,000 $320,776
American Indian 25 $6,875,000 $275,000
Asian Indian 16 $5,630,000 $351,875
Filipino 8 $3,880,000 $485,000
Native Hawaiian 12 $3,380,000 $281,667
Other Asian 2 $840,000 $420,000
Other Pacific Islander 2 $450,000 $225,000

Approval Rates

Total approvals of all applications
64.99%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
46.55%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
NA 11,444 $3,055,550,000 $267,000

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 324 $59,130,000 $182,500
$1k-2k 6,832 $1,934,290,000 $283,122
$2k-3k 1,761 $383,115,000 $217,555
$3k-4k 1,346 $353,820,000 $262,868
$5k+ 436 $171,880,000 $394,220

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 191 $25,025,000 $131,021
Single Family (1-4 Units):Site-Built 11,253 $3,030,525,000 $269,308