Embrace Home Loans Mortgage Rates, Fees & Info

MIDDLETOWN, RI

LEI: 213800QUAI2VH5YM6310

Tax ID: 05-0402708

2020 Data | 2019 Data | 2018 Data


Overview

Embrace Home Loans is a mid-sized mortgage company specializing in Refi and 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 include Washington, Frederick, Baltimore, Nassau County, and Providence among others. They have an 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 is typically an average fee lendor.


Originations

18,099

Origination Dollar Volume (All Markets)

$5,565,915,000

Relative Rate

Embrace Home Loans 's average 30 year fixed rate mortgage was 3.23%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.13%.

Relative Fees

Embrace Home Loans 's average total fees for a 30 year fixed rate mortgage are $5,649.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 11,369 $3,644,415,000 $320,557 $4,349 3.23%
FHA 3,521 $873,645,000 $248,124 $8,305 3.30%
VA 2,650 $936,460,000 $353,381 $6,159 2.88%
USDA 559 $111,395,000 $199,275 $5,659 3.17%

For the 2020 period, Embrace Home Loans 's most frequently originated loan type was Conventional, with 11,369 originations. Their 2nd most popular type is FHA, with 3,521 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 7,930 $2,530,970,000 $319,164 $4,231 3.06%
Home Purchase 7,220 $2,220,870,000 $307,600 $6,545 3.22%
Cash Out Refi 2,832 $792,970,000 $280,004 $6,079 3.45%
Other 63 $10,885,000 $172,778 $4,416 4.05%
Home Improvement 54 $10,220,000 $189,259 $4,795 3.99%

For the 2020, Embrace Home Loans 's most frequently cited loan purpose was Refi, with 7,930 originations. The 2nd most popular reason was Home Purchase, with 7,220 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 15,409 $4,818,855,000 $312,730 $5,649 3.23%
15 Year 1,481 $396,975,000 $268,045 $4,224 2.86%
20 Year 739 $217,215,000 $293,931 $4,208 3.14%
Other 397 $116,115,000 $292,481 $4,380 3.09%
10 Year 66 $14,480,000 $219,394 $3,797 2.94%
30+ year 7 $2,275,000 $325,000 $12,430 3.80%

For the 2020, Embrace Home Loans 's most frequently cited loan length was 30 Year, with 15,409 originations. The 2nd most popular length was 15 Year, with 1,481 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 10,761 $3,509,525,000 $326,134
$2k-3k 2,546 $648,860,000 $254,855
$3k-4k 2,092 $604,610,000 $289,011
$5k+ 637 $257,275,000 $403,885
$<1k 632 $140,920,000 $222,975

$5,649 was Embrace Home Loans 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 10,761 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 2,885 $1,231,305,000 $426,795 $6,033 3.09%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 1,014 $379,420,000 $374,181 $5,280 3.13%
BALTIMORE-COLUMBIA-TOWSON, MD 934 $330,720,000 $354,090 $5,588 3.09%
NASSAU COUNTY-SUFFOLK COUNTY, NY 790 $325,470,000 $411,987 $6,500 3.10%
PROVIDENCE-WARWICK, RI-MA 687 $202,765,000 $295,146 $4,954 3.10%
Outside of Metro Areas 918 $202,320,000 $220,392 $4,848 3.32%
SALISBURY, MD-DE 702 $180,660,000 $257,350 $5,580 3.22%
BOSTON, MA 419 $150,345,000 $358,819 $5,417 3.29%
LYNCHBURG, VA 632 $128,470,000 $203,275 $4,730 3.22%
NEW BRUNSWICK-LAKEWOOD, NJ 301 $112,065,000 $372,309 $5,793 3.14%
ORLANDO-KISSIMMEE-SANFORD, FL 404 $109,780,000 $271,733 $5,404 3.14%
NEWARK, NJ-PA 254 $101,700,000 $400,394 $6,489 3.10%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 219 $90,845,000 $414,817 $6,926 3.12%
PALM BAY-MELBOURNE-TITUSVILLE, FL 334 $81,750,000 $244,760 $5,561 3.30%
PORTLAND-SOUTH PORTLAND, ME 241 $70,225,000 $291,390 $4,149 3.20%
WILMINGTON, DE-MD-NJ 252 $68,090,000 $270,198 $4,976 3.24%
ROANOKE, VA 344 $66,340,000 $192,849 $4,379 3.24%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 290 $62,200,000 $214,483 $5,269 3.16%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 162 $62,130,000 $383,519 $5,529 3.16%
MANCHESTER-NASHUA, NH 195 $55,965,000 $287,000 $3,922 3.27%
HAGERSTOWN-MARTINSBURG, MD-WV 240 $54,930,000 $228,875 $5,155 3.19%
MOBILE, AL 327 $52,825,000 $161,544 $5,164 3.52%
RICHMOND, VA 203 $52,335,000 $257,808 $5,322 3.27%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 232 $51,090,000 $220,216 $6,195 3.20%
DOVER, DE 194 $48,590,000 $250,464 $6,188 3.22%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 166 $44,190,000 $266,205 $5,327 3.31%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 189 $44,135,000 $233,519 $5,927 3.29%
BLACKSBURG-CHRISTIANSBURG, VA 220 $41,790,000 $189,955 $4,701 3.31%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 126 $39,500,000 $313,492 $4,089 3.22%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 132 $35,660,000 $270,152 $5,042 3.13%
LAKELAND-WINTER HAVEN, FL 174 $34,120,000 $196,092 $6,020 3.33%
LOS ANGELES-LONG BEACH-GLENDALE, CA 75 $32,995,000 $439,933 $6,493 3.21%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 101 $29,595,000 $293,020 $6,185 3.23%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 115 $29,095,000 $253,000 $5,140 3.24%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 79 $23,775,000 $300,949 $5,060 3.06%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 79 $23,435,000 $296,646 $5,489 3.08%
CHARLESTON-NORTH CHARLESTON, SC 57 $23,085,000 $405,000 $4,090 3.10%
JACKSONVILLE, FL 87 $21,845,000 $251,092 $4,951 3.22%
WORCESTER, MA-CT 74 $21,300,000 $287,838 $5,738 3.27%
SEATTLE-BELLEVUE-KENT, WA 50 $20,290,000 $405,800 $2,875 2.98%
PHOENIX-MESA-CHANDLER, AZ 73 $19,945,000 $273,219 $5,146 3.13%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 86 $19,020,000 $221,163 $5,385 3.30%
BARNSTABLE TOWN, MA 58 $18,880,000 $325,517 $4,475 3.20%
PHILADELPHIA, PA 76 $18,340,000 $241,316 $6,368 3.22%
NORTH PORT-SARASOTA-BRADENTON, FL 61 $16,005,000 $262,377 $5,628 3.21%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 44 $15,650,000 $355,682 $6,444 3.11%
SPRINGFIELD, MA 67 $15,325,000 $228,731 $5,402 3.34%
OAKLAND-BERKELEY-LIVERMORE, CA 32 $14,060,000 $439,375 $6,765 3.06%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 47 $14,025,000 $298,404 $5,590 3.11%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 60 $13,580,000 $226,333 $5,527 3.29%
BRIDGEPORT-STAMFORD-NORWALK, CT 34 $13,300,000 $391,176 $5,945 3.12%
DAPHNE-FAIRHOPE-FOLEY, AL 54 $13,180,000 $244,074 $5,418 3.14%
DENVER-AURORA-LAKEWOOD, CO 40 $13,110,000 $327,750 $6,098 3.14%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 30 $13,070,000 $435,667 $6,201 2.99%
CAMDEN, NJ 49 $12,525,000 $255,612 $4,690 3.25%
RALEIGH-CARY, NC 40 $12,420,000 $310,500 $4,701 3.14%
DALLAS-PLANO-IRVING, TX 46 $11,780,000 $256,087 $4,397 3.44%
MIAMI-MIAMI BEACH-KENDALL, FL 35 $11,485,000 $328,143 $6,606 3.10%
NEW HAVEN-MILFORD, CT 51 $11,485,000 $225,196 $5,066 3.17%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 39 $11,475,000 $294,231 $5,754 3.20%
CALIFORNIA-LEXINGTON PARK, MD 32 $11,420,000 $356,875 $5,616 3.01%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 45 $10,765,000 $239,222 $4,702 3.71%
WINCHESTER, VA-WV 35 $10,575,000 $302,143 $6,116 3.10%
CAPE CORAL-FORT MYERS, FL 42 $10,290,000 $245,000 $4,133 3.17%
TRENTON-PRINCETON, NJ 25 $9,415,000 $376,600 $5,571 2.89%
ANAHEIM-SANTA ANA-IRVINE, CA 19 $9,325,000 $490,789 $4,371 2.93%
INDIANAPOLIS-CARMEL-ANDERSON, IN 38 $8,810,000 $231,842 $4,917 3.10%
SALT LAKE CITY, UT 31 $8,665,000 $279,516 $5,632 3.19%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 31 $8,425,000 $271,774 $5,063 3.09%
CHARLOTTESVILLE, VA 29 $7,875,000 $271,552 $4,967 3.06%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 31 $7,815,000 $252,097 $4,404 3.31%
COLUMBUS, OH 35 $7,695,000 $219,857 $4,246 3.53%
ST. LOUIS, MO-IL 34 $7,530,000 $221,471 $4,726 3.38%
NEW ORLEANS-METAIRIE, LA 31 $7,495,000 $241,774 $5,929 3.38%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 26 $7,470,000 $287,308 $6,405 3.36%
WARREN-TROY-FARMINGTON HILLS, MI 30 $6,520,000 $217,333 $5,218 3.96%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 20 $6,400,000 $320,000 $4,636 3.54%
GREENVILLE-ANDERSON, SC 25 $6,345,000 $253,800 $4,421 3.63%
PORT ST. LUCIE, FL 24 $6,340,000 $264,167 $6,531 3.39%
COEUR D'ALENE, ID 20 $6,120,000 $306,000 $6,241 3.27%
BOISE CITY, ID 22 $5,930,000 $269,545 $6,983 3.18%
EAST STROUDSBURG, PA 28 $5,740,000 $205,000 $5,991 3.21%
PITTSBURGH, PA 22 $5,460,000 $248,182 $5,461 3.15%
COLORADO SPRINGS, CO 20 $5,420,000 $271,000 $5,144 3.08%
CINCINNATI, OH-KY-IN 24 $5,240,000 $218,333 $4,097 3.03%
MEMPHIS, TN-MS-AR 27 $5,235,000 $193,889 $4,521 3.08%
ASHEVILLE, NC 18 $5,220,000 $290,000 $5,285 3.16%
KANSAS CITY, MO-KS 26 $5,170,000 $198,846 $5,303 3.42%
SAN ANTONIO-NEW BRAUNFELS, TX 18 $5,110,000 $283,889 $4,567 3.30%
NORWICH-NEW LONDON, CT 21 $5,045,000 $240,238 $4,889 3.02%
WILMINGTON, NC 16 $5,010,000 $313,125 $5,521 3.25%
SALINAS, CA 10 $4,980,000 $498,000 $5,110 2.82%
VALLEJO, CA 12 $4,890,000 $407,500 $6,453 3.47%
PUNTA GORDA, FL 19 $4,825,000 $253,947 $4,117 3.66%
BOULDER, CO 12 $4,820,000 $401,667 $4,627 3.00%
BANGOR, ME 28 $4,810,000 $171,786 $5,320 3.55%
MILWAUKEE-WAUKESHA, WI 19 $4,735,000 $249,211 $5,891 3.16%
OXNARD-THOUSAND OAKS-VENTURA, CA 11 $4,705,000 $427,727 $6,827 3.17%
CHAMBERSBURG-WAYNESBORO, PA 22 $4,700,000 $213,636 $6,277 3.15%
DURHAM-CHAPEL HILL, NC 17 $4,565,000 $268,529 $3,445 3.31%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 21 $4,495,000 $214,048 $4,354 3.35%
READING, PA 22 $4,480,000 $203,636 $5,679 3.18%
CHICAGO-NAPERVILLE-EVANSTON, IL 15 $4,405,000 $293,667 $3,956 3.06%
ALBANY-SCHENECTADY-TROY, NY 20 $4,350,000 $217,500 $5,767 3.25%
YORK-HANOVER, PA 18 $4,290,000 $238,333 $6,216 3.35%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 8 $4,120,000 $515,000 $5,691 2.91%
BUFFALO-CHEEKTOWAGA, NY 18 $4,110,000 $228,333 $5,497 3.05%
LEWISTON-AUBURN, ME 19 $3,995,000 $210,263 $4,077 3.59%
COLUMBIA, SC 14 $3,980,000 $284,286 $6,914 3.18%
GETTYSBURG, PA 16 $3,790,000 $236,875 $5,360 3.17%
ALBUQUERQUE, NM 16 $3,760,000 $235,000 $6,373 3.14%
STOCKTON, CA 12 $3,660,000 $305,000 $4,896 3.04%
TACOMA-LAKEWOOD, WA 11 $3,655,000 $332,273 $2,550 2.90%
TUCSON, AZ 14 $3,650,000 $260,714 $4,698 2.86%
OGDEN-CLEARFIELD, UT 12 $3,600,000 $300,000 $5,935 3.24%
BIRMINGHAM-HOOVER, AL 16 $3,520,000 $220,000 $6,273 3.64%
HUNTSVILLE, AL 15 $3,475,000 $231,667 $3,631 3.39%
NAPLES-MARCO ISLAND, FL 9 $3,395,000 $377,222 $5,079 3.19%
STAUNTON, VA 16 $3,390,000 $211,875 $4,497 2.91%
CHATTANOOGA, TN-GA 14 $3,350,000 $239,286 $6,161 3.80%
WINSTON-SALEM, NC 15 $3,345,000 $223,000 $5,875 3.72%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 10 $3,230,000 $323,000 $7,471 3.74%
KNOXVILLE, TN 16 $3,130,000 $195,625 $4,379 3.44%
HARRISBURG-CARLISLE, PA 14 $3,080,000 $220,000 $5,073 3.23%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 16 $3,020,000 $188,750 $4,369 3.31%
SAVANNAH, GA 12 $2,950,000 $245,833 $3,666 3.17%
GREENSBORO-HIGH POINT, NC 14 $2,870,000 $205,000 $5,398 3.73%
OKLAHOMA CITY, OK 12 $2,800,000 $233,333 $5,561 3.35%
FAYETTEVILLE, NC 15 $2,625,000 $175,000 $3,578 3.17%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 11 $2,625,000 $238,636 $5,479 2.97%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 10 $2,510,000 $251,000 $4,534 3.61%
OCEAN CITY, NJ 11 $2,415,000 $219,545 $4,210 3.33%
GARY, IN 12 $2,410,000 $200,833 $4,792 2.93%
BATON ROUGE, LA 9 $2,375,000 $263,889 $5,868 3.08%
LANCASTER, PA 8 $2,320,000 $290,000 $5,820 3.28%
TULSA, OK 9 $2,275,000 $252,778 $5,951 3.01%
CLEVELAND-ELYRIA, OH 11 $2,255,000 $205,000 $3,784 3.11%
OLYMPIA-LACEY-TUMWATER, WA 5 $2,125,000 $425,000 $3,449 2.80%
OMAHA-COUNCIL BLUFFS, NE-IA 9 $2,085,000 $231,667 $7,161 2.94%
GREELEY, CO 7 $2,055,000 $293,571 $7,322 3.00%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 5 $2,005,000 $401,000 $4,040 2.65%
DETROIT-DEARBORN-LIVONIA, MI 8 $1,980,000 $247,500 $4,329 3.54%
OCALA, FL 11 $1,965,000 $178,636 $4,424 3.73%
AUGUSTA-RICHMOND COUNTY, GA-SC 10 $1,950,000 $195,000 $3,448 2.86%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 10 $1,950,000 $195,000 $4,163 3.35%
HUNTINGTON-ASHLAND, WV-KY-OH 10 $1,820,000 $182,000 $5,591 3.12%
MONTGOMERY, AL 8 $1,790,000 $223,750 $4,857 3.20%
CLARKSVILLE, TN-KY 11 $1,755,000 $159,545 $4,167 3.68%
JACKSON, MS 10 $1,720,000 $172,000 $5,148 3.44%
MADISON, WI 6 $1,710,000 $285,000 $4,586 3.17%
GAINESVILLE, GA 3 $1,695,000 $565,000 $5,887 3.42%
TOLEDO, OH 7 $1,695,000 $242,143 $6,506 3.02%
SCRANTON--WILKES-BARRE, PA 10 $1,690,000 $169,000 $5,672 3.23%
BLOOMINGTON, IN 6 $1,660,000 $276,667 $7,424 2.79%
GRANTS PASS, OR 4 $1,660,000 $415,000 $5,016 3.06%
HILTON HEAD ISLAND-BLUFFTON, SC 7 $1,645,000 $235,000 $5,691 2.96%
SANTA ROSA-PETALUMA, CA 5 $1,625,000 $325,000 $4,311 3.05%
HANFORD-CORCORAN, CA 6 $1,550,000 $258,333 $5,613 3.48%
BAKERSFIELD, CA 7 $1,535,000 $219,286 $3,512 2.96%
EUGENE-SPRINGFIELD, OR 6 $1,520,000 $253,333 $7,260 3.02%
SPRINGFIELD, MO 6 $1,500,000 $250,000 $5,413 3.02%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 5 $1,475,000 $295,000 $2,879 2.73%
SYRACUSE, NY 9 $1,465,000 $162,778 $3,479 3.81%
FORT SMITH, AR-OK 6 $1,450,000 $241,667 $2,760 2.96%
ROCHESTER, NY 8 $1,440,000 $180,000 $5,526 3.32%
COLUMBUS, GA-AL 8 $1,410,000 $176,250 $4,569 3.43%
MERCED, CA 6 $1,390,000 $231,667 $4,786 3.00%
GULFPORT-BILOXI, MS 7 $1,385,000 $197,857 $5,427 3.18%
FORT COLLINS, CO 3 $1,385,000 $461,667 $7,024 3.21%
MODESTO, CA 5 $1,385,000 $277,000 $5,648 3.12%
PRESCOTT VALLEY-PRESCOTT, AZ 4 $1,380,000 $345,000 $4,482 3.75%
SAN LUIS OBISPO-PASO ROBLES, CA 4 $1,360,000 $340,000 $4,182 3.09%
SANTA MARIA-SANTA BARBARA, CA 3 $1,325,000 $441,667 $8,127 2.87%
LANSING-EAST LANSING, MI 7 $1,325,000 $189,286 $4,271 3.19%
TALLAHASSEE, FL 6 $1,300,000 $216,667 $7,067 3.00%
SEBRING-AVON PARK, FL 8 $1,290,000 $161,250 $5,891 2.89%
MEDFORD, OR 4 $1,270,000 $317,500 $6,417 2.81%
PUEBLO, CO 5 $1,255,000 $251,000 $5,726 3.39%
DES MOINES-WEST DES MOINES, IA 5 $1,245,000 $249,000 $3,621 3.52%
FRESNO, CA 7 $1,235,000 $176,429 $4,798 3.32%
FORT WAYNE, IN 8 $1,220,000 $152,500 $5,987 3.55%
ATLANTIC CITY-HAMMONTON, NJ 6 $1,190,000 $198,333 $4,159 3.27%
SOUTH BEND-MISHAWAKA, IN-MI 6 $1,190,000 $198,333 $3,558 3.29%
CHICO, CA 4 $1,180,000 $295,000 $5,440 3.69%
GRAND RAPIDS-KENTWOOD, MI 7 $1,165,000 $166,429 $3,954 3.70%
DAYTON-KETTERING, OH 6 $1,160,000 $193,333 $5,215 3.12%
HARRISONBURG, VA 4 $1,150,000 $287,500 $3,117 3.22%
ATHENS-CLARKE COUNTY, GA 4 $1,140,000 $285,000 $4,184 4.66%
KINGSPORT-BRISTOL, TN-VA 6 $1,120,000 $186,667 $5,584 3.75%
AKRON, OH 5 $1,105,000 $221,000 $4,802 3.02%
SALEM, OR 5 $1,095,000 $219,000 $8,231 3.27%
SEBASTIAN-VERO BEACH, FL 4 $1,060,000 $265,000 $7,390 3.25%
RACINE, WI 4 $1,010,000 $252,500 $3,099 2.94%
PENSACOLA-FERRY PASS-BRENT, FL 5 $995,000 $199,000 $4,046 3.42%
WICHITA, KS 5 $975,000 $195,000 $4,606 3.32%
SANTA CRUZ-WATSONVILLE, CA 2 $970,000 $485,000 $3,133 3.31%
SPOKANE-SPOKANE VALLEY, WA 5 $945,000 $189,000 $3,903 3.03%
PANAMA CITY, FL 5 $915,000 $183,000 $8,318 3.17%
UTICA-ROME, NY 6 $910,000 $151,667 $5,479 3.21%
BRUNSWICK, GA 4 $910,000 $227,500 $4,307 2.97%
FLAGSTAFF, AZ 3 $885,000 $295,000 $4,679 3.33%
SANTA FE, NM 3 $875,000 $291,667 $4,290 2.96%
PROVO-OREM, UT 3 $875,000 $291,667 $6,141 3.37%
TOPEKA, KS 3 $855,000 $285,000 $6,793 3.16%
SUMTER, SC 4 $820,000 $205,000 $4,069 3.72%
EL PASO, TX 3 $815,000 $271,667 $4,931 3.38%
NAPA, CA 1 $805,000 $805,000 $7,006 2.25%
JACKSON, MI 3 $805,000 $268,333 $4,108 3.54%
BLOOMSBURG-BERWICK, PA 4 $800,000 $200,000 $4,319 3.09%
HICKORY-LENOIR-MORGANTON, NC 4 $790,000 $197,500 $5,152 3.78%
STATE COLLEGE, PA 3 $785,000 $261,667 $6,411 3.04%
WARNER ROBINS, GA 3 $775,000 $258,333 $2,015 2.63%
VISALIA, CA 3 $755,000 $251,667 $4,128 3.08%
AUBURN-OPELIKA, AL 3 $755,000 $251,667 $6,736 2.71%
SIERRA VISTA-DOUGLAS, AZ 4 $750,000 $187,500 $2,696 3.19%
ERIE, PA 4 $740,000 $185,000 $4,612 3.25%
PITTSFIELD, MA 4 $740,000 $185,000 $3,966 3.09%
SPARTANBURG, SC 4 $740,000 $185,000 $6,612 3.09%
GREEN BAY, WI 4 $720,000 $180,000 $6,262 3.22%
LEXINGTON-FAYETTE, KY 3 $705,000 $235,000 $5,386 3.33%
IDAHO FALLS, ID 3 $705,000 $235,000 $7,385 3.42%
SHREVEPORT-BOSSIER CITY, LA 3 $705,000 $235,000 $3,827 2.67%
GOLDSBORO, NC 4 $700,000 $175,000 $3,737 2.78%
KINGSTON, NY 3 $695,000 $231,667 $6,487 3.29%
KENNEWICK-RICHLAND, WA 3 $695,000 $231,667 $3,423 3.63%
ALBANY-LEBANON, OR 3 $685,000 $228,333 $6,268 3.16%
LOGAN, UT-ID 2 $680,000 $340,000 $6,458 3.06%
SAN RAFAEL, CA 1 $675,000 $675,000 $2,554 3.13%
LAFAYETTE, LA 2 $660,000 $330,000 $7,104 3.38%
MORRISTOWN, TN 3 $645,000 $215,000 $8,702 3.17%
ALEXANDRIA, LA 3 $625,000 $208,333 $4,288 3.21%
LAKE CHARLES, LA 2 $620,000 $310,000 $3,809 3.00%
JACKSONVILLE, NC 4 $610,000 $152,500 $3,066 2.81%
ST. CLOUD, MN 4 $610,000 $152,500 $2,965 4.23%
FLORENCE, SC 4 $600,000 $150,000 $5,246 3.28%
GAINESVILLE, FL 2 $580,000 $290,000 $3,845 3.25%
BECKLEY, WV 3 $555,000 $185,000 $5,784 2.91%
CANTON-MASSILLON, OH 3 $555,000 $185,000 $2,814 2.88%
ROME, GA 2 $550,000 $275,000 $3,849 2.87%
LEBANON, PA 3 $545,000 $181,667 $7,213 3.00%
MACON-BIBB COUNTY, GA 3 $545,000 $181,667 $5,884 3.45%
FLORENCE-MUSCLE SHOALS, AL 3 $545,000 $181,667 $4,520 3.38%
LINCOLN, NE 3 $535,000 $178,333 $3,362 2.92%
WHEELING, WV-OH 3 $535,000 $178,333 $4,227 3.04%
CLEVELAND, TN 3 $525,000 $175,000 $6,617 3.42%
ELIZABETHTOWN-FORT KNOX, KY 2 $520,000 $260,000 $3,382 3.00%
NEW BERN, NC 2 $500,000 $250,000 $3,343 2.68%
CAPE GIRARDEAU, MO-IL 1 $495,000 $495,000 $2,558 2.88%
TUSCALOOSA, AL 2 $490,000 $245,000 $4,396 3.19%
MONROE, LA 2 $480,000 $240,000 $7,655 4.44%
MONROE, MI 2 $480,000 $240,000 $6,957 2.69%
BEAUMONT-PORT ARTHUR, TX 2 $470,000 $235,000 $6,042 3.06%
ST. GEORGE, UT 2 $470,000 $235,000 $3,645 2.88%
PINE BLUFF, AR 2 $460,000 $230,000 $8,715 3.25%
MOUNT VERNON-ANACORTES, WA 2 $460,000 $230,000 $1,467 2.99%
KILLEEN-TEMPLE, TX 2 $460,000 $230,000 $3,975 4.25%
HOMOSASSA SPRINGS, FL 1 $455,000 $455,000 $7,077 3.13%
GADSDEN, AL 3 $455,000 $151,667 $2,149 3.33%
CEDAR RAPIDS, IA 2 $450,000 $225,000 $7,344 3.13%
LAWTON, OK 2 $450,000 $225,000 $3,315 2.88%
ELKHART-GOSHEN, IN 2 $440,000 $220,000 $2,882 3.49%
TERRE HAUTE, IN 2 $440,000 $220,000 $4,463 3.43%
GRAND FORKS, ND-MN 2 $430,000 $215,000 $7,937 3.25%
EL CENTRO, CA 2 $420,000 $210,000 $6,544 3.94%
AMARILLO, TX 1 $415,000 $415,000 $10,618 3.13%
FOND DU LAC, WI 2 $410,000 $205,000 $1,708 2.94%
JOHNSON CITY, TN 2 $410,000 $205,000 $4,668 3.74%
VALDOSTA, GA 2 $410,000 $205,000 $8,984 3.13%
ELGIN, IL 1 $405,000 $405,000 $3,011 2.88%
BILLINGS, MT 1 $405,000 $405,000 $4,272 2.99%
WENATCHEE, WA 2 $400,000 $200,000 $5,556 3.50%
TWIN FALLS, ID 2 $400,000 $200,000 $6,786 3.12%
MADERA, CA 2 $380,000 $190,000 $6,777 3.75%
VINELAND-BRIDGETON, NJ 2 $380,000 $190,000 $4,501 3.13%
MUSKEGON, MI 2 $380,000 $190,000 $4,552 2.81%
MORGANTOWN, WV 3 $375,000 $125,000 $4,545 3.17%
KALAMAZOO-PORTAGE, MI 2 $370,000 $185,000 $4,639 3.12%
JONESBORO, AR 2 $370,000 $185,000 $5,298 3.25%
SPRINGFIELD, IL 2 $370,000 $185,000 $4,781 3.99%
CORVALLIS, OR 1 $365,000 $365,000 $13,473 3.99%
ABILENE, TX 2 $360,000 $180,000 $4,707 4.44%
BINGHAMTON, NY 2 $360,000 $180,000 $4,705 3.37%
ANN ARBOR, MI 1 $345,000 $345,000 $7,570 2.75%
LAKE HAVASU CITY-KINGMAN, AZ 1 $345,000 $345,000 $15,207 2.50%
MUNCIE, IN 1 $335,000 $335,000 $10,491 2.75%
SPRINGFIELD, OH 1 $325,000 $325,000 $8,470 3.49%
CUMBERLAND, MD-WV 2 $320,000 $160,000 $5,666 3.25%
POCATELLO, ID 2 $320,000 $160,000 $5,089 3.25%
LONGVIEW, TX 2 $320,000 $160,000 $3,273 4.63%
EAU CLAIRE, WI 2 $310,000 $155,000 $3,683 3.25%
JANESVILLE-BELOIT, WI 2 $310,000 $155,000 $3,710 3.50%
JOPLIN, MO 2 $310,000 $155,000 $4,023 2.99%
LAS CRUCES, NM 2 $310,000 $155,000 $4,013 2.69%
ALBANY, GA 1 $305,000 $305,000 $4,656 2.75%
APPLETON, WI 1 $295,000 $295,000 $15,499 2.99%
WATERTOWN-FORT DRUM, NY 1 $295,000 $295,000 $3,440 2.75%
LA CROSSE-ONALASKA, WI-MN 2 $290,000 $145,000 $5,141 3.44%
FARMINGTON, NM 1 $285,000 $285,000 $3,362 2.75%
BURLINGTON-SOUTH BURLINGTON, VT 1 $285,000 $285,000 $3,632 2.99%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 3 $285,000 $95,000 $3,918 4.00%
TYLER, TX 1 $285,000 $285,000 $10,535 2.99%
SAGINAW, MI 2 $280,000 $140,000 $6,442 3.75%
NILES, MI 2 $280,000 $140,000 $4,736 4.25%
HINESVILLE, GA 2 $280,000 $140,000 $2,821 4.00%
HOUMA-THIBODAUX, LA 1 $275,000 $275,000 $12,107 2.50%
WATERLOO-CEDAR FALLS, IA 2 $260,000 $130,000 $4,458 3.69%
BROWNSVILLE-HARLINGEN, TX 1 $255,000 $255,000 $4,086 3.25%
LEWISTON, ID-WA 1 $255,000 $255,000 $999 3.38%
MCALLEN-EDINBURG-MISSION, TX 2 $250,000 $125,000 $3,179 3.99%
JACKSON, TN 1 $245,000 $245,000 $1,340 2.38%
BOWLING GREEN, KY 2 $240,000 $120,000 $3,887 3.75%
IOWA CITY, IA 1 $235,000 $235,000 $6,397 4.25%
MIDLAND, TX 1 $235,000 $235,000 $7,218 7.50%
HAMMOND, LA 1 $235,000 $235,000 $4,530 2.75%
ROCKFORD, IL 2 $230,000 $115,000 $3,869 3.12%
DECATUR, AL 1 $225,000 $225,000 $3,249 3.75%
BELLINGHAM, WA 1 $215,000 $215,000 $1,102 3.13%
GLENS FALLS, NY 1 $215,000 $215,000 $5,587 2.88%
BURLINGTON, NC 1 $215,000 $215,000 $5,544 2.99%
ALTOONA, PA 1 $215,000 $215,000 $3,419 3.13%
ROCKY MOUNT, NC 1 $205,000 $205,000 $9,619 2.75%
OSHKOSH-NEENAH, WI 1 $205,000 $205,000 $6,256 3.13%
GREENVILLE, NC 2 $200,000 $100,000 $3,452 3.56%
HATTIESBURG, MS 2 $200,000 $100,000 $3,410 3.63%
ELMIRA, NY 1 $195,000 $195,000 $987 2.88%
JEFFERSON CITY, MO 1 $195,000 $195,000 $1,794 3.00%
COLUMBIA, MO 1 $185,000 $185,000 $4,382 3.75%
ST. JOSEPH, MO-KS 1 $185,000 $185,000 $6,079 3.25%
ODESSA, TX 1 $185,000 $185,000 $5,002 3.50%
THE VILLAGES, FL 1 $185,000 $185,000 $2,575 2.75%
MANKATO, MN 1 $185,000 $185,000 $5,924 2.38%
BISMARCK, ND 1 $185,000 $185,000 $5,039 3.49%
COLLEGE STATION-BRYAN, TX 1 $175,000 $175,000 $3,941 4.75%
CHAMPAIGN-URBANA, IL 1 $175,000 $175,000 $6,942 2.38%
REDDING, CA 1 $175,000 $175,000 $4,069 2.99%
AMES, IA 1 $165,000 $165,000 $2,629 4.13%
ENID, OK 1 $165,000 $165,000 $2,147 2.75%
HOT SPRINGS, AR 1 $165,000 $165,000 $5,657 2.99%
DALTON, GA 1 $165,000 $165,000 $6,171 3.63%
CHARLESTON, WV 1 $165,000 $165,000 $5,192 4.88%
DULUTH, MN-WI 1 $155,000 $155,000 $3,472 2.99%
SIOUX CITY, IA-NE-SD 1 $155,000 $155,000 $5,655 3.75%
ANNISTON-OXFORD, AL 1 $155,000 $155,000 $1,656 2.99%
MICHIGAN CITY-LA PORTE, IN 1 $145,000 $145,000 $853 2.25%
FARGO, ND-MN 1 $145,000 $145,000 $4,267 3.75%
WILLIAMSPORT, PA 1 $145,000 $145,000 $6,894 3.25%
LAFAYETTE-WEST LAFAYETTE, IN 1 $135,000 $135,000 $3,619 2.75%
COLUMBUS, IN 1 $135,000 $135,000 $3,757 2.99%
LAWRENCE, KS 1 $135,000 $135,000 $2,803 2.75%
LAREDO, TX 1 $135,000 $135,000 $3,359 3.25%
EVANSVILLE, IN-KY 1 $125,000 $125,000 $6,294 2.99%

Embrace Home Loans 's top markets include Washington, Frederick, Baltimore, Nassau County, and Providence among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 8,191 $2,390,535,000 $291,849
2.5-3% 7,324 $2,380,390,000 $325,012
<2.5% 1,534 $580,040,000 $378,123
4-5% 804 $163,290,000 $203,097
5-6% 200 $37,700,000 $188,500
7-8% 21 $5,205,000 $247,857
6-7% 18 $7,530,000 $418,333
Over 8% 7 $1,225,000 $175,000

During 2020, Embrace Home Loans 's average interest rate was 3.23%, while their most frequently originated rate bucket was 3-4%, with 8,191 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 8,954 $2,574,010,000 $287,470 $5,453 3.16%
$100k-200k 4,426 $696,120,000 $157,280 $4,589 3.34%
$400k-600k 3,353 $1,597,145,000 $476,333 $5,962 3.02%
$600k-1MM 860 $605,840,000 $704,465 $8,013 3.03%
$100,000 or less 460 $35,960,000 $78,174 $3,780 4.00%
$1MM+ 46 $56,840,000 $1,235,652 $12,510 2.99%

2020 saw Embrace Home Loans place emphasis on $200k-400k loans with 8,954 originations, totaling $2,574,010,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 3,863 $1,312,585,000 $339,784 $5,729 3.19%
$50k-75k 3,363 $748,325,000 $222,517 $5,759 3.30%
$75k-100k 2,897 $811,405,000 $280,085 $5,913 3.25%
$150k-250k 2,861 $1,205,885,000 $421,491 $5,544 3.11%
$50k or less 2,169 $367,755,000 $169,550 $5,150 3.38%
$250k+ 977 $511,965,000 $524,017 $5,477 3.07%

Embrace Home Loans lent most frequently to those with incomes in the $100k-150k range, with 3,863 originations. The second most popular income band? $50k-75k, with 3,363 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 3,509 $1,120,395,000 $319,292 $4,769 3.17%
30-36% 2,968 $931,970,000 $314,006 $5,399 3.21%
<20% 1,251 $388,655,000 $310,675 $4,090 3.09%
50-60% 1,016 $295,570,000 $290,915 $9,357 3.19%
44% 680 $196,910,000 $289,574 $5,816 3.33%
42% 617 $190,535,000 $308,809 $5,929 3.34%
43% 611 $182,605,000 $298,863 $5,605 3.32%
40% 568 $163,710,000 $288,222 $5,754 3.29%
41% 561 $169,715,000 $302,522 $5,738 3.30%
36% 554 $166,910,000 $301,282 $5,616 3.31%
37% 549 $170,765,000 $311,047 $5,604 3.27%
38% 542 $165,910,000 $306,107 $5,420 3.27%
39% 536 $160,200,000 $298,881 $5,642 3.31%
49% 454 $141,080,000 $310,749 $6,340 3.23%
45% 442 $127,040,000 $287,421 $5,860 3.26%
46% 437 $127,875,000 $292,620 $6,367 3.28%
48% 411 $126,935,000 $308,844 $6,687 3.25%
47% 398 $121,180,000 $304,472 $6,540 3.22%
>60% 26 $9,960,000 $383,077 $12,971 4.06%

Embrace Home Loans lent most frequently to those with DTI ratios of 20-30%, with 3,509 originations. The next most common DTI ratio? 30-36%, with 2,968 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 12,574 $3,748,300,000 $298,099 $5,202 3.20%
Not provided 3,558 $1,171,930,000 $329,379 $5,795 3.15%
Black 1,386 $419,900,000 $302,958 $6,692 3.24%
Asian 477 $187,315,000 $392,694 $5,396 3.04%
Asian Indian 37 $15,035,000 $406,351 $4,622 3.00%
American Indian 30 $8,820,000 $294,000 $5,541 3.31%
Filipino 14 $6,640,000 $474,286 $8,028 2.83%
Native Hawaiian 17 $4,865,000 $286,176 $6,166 3.14%
Not applicable 2 $1,130,000 $565,000 $8,594 3.50%
Other Asian 2 $880,000 $440,000 $9,759 3.19%
Other Pacific Islander 1 $835,000 $835,000 $5,011 2.25%
1 $265,000 $265,000 $6,757 3.38%

Approval Rates

Total approvals of all applications
70.88%

Embrace Home Loans has a below average approval rate.

Pick Rate

Approvals leading to origination
53.22%

Embrace Home Loans has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 18,099 $5,565,915,000 $307,526

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 247 $33,355,000 $135,040
Single Family (1-4 Units):Site-Built 17,852 $5,532,560,000 $309,913

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 418 $93,780,000 $224,354 $3,773 3.12%
40-60% 1,912 $561,790,000 $293,823 $3,882 3.09%
60-80% 5,858 $1,880,420,000 $321,000 $4,717 3.26%
80-100% 9,309 $2,815,115,000 $302,408 $6,012 3.19%
Over 100% 569 $212,205,000 $372,944 $9,835 2.89%
Under 20% 33 $2,605,000 $78,939 $1,740 4.07%