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 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, Baltimore, Nassau County, Orlando, and Providence 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 normal fee medium-low fee lendor.


Originations

9,187

Origination Dollar Volume (All Markets)

$2,169,975,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 4,695 $1,199,875,000 $255,564
FHA 3,161 $639,705,000 $202,374
VA 1,010 $275,280,000 $272,554
USDA 321 $55,115,000 $171,698

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 5,792 $1,434,970,000 $247,750
Home Improvement 87 $10,015,000 $115,115
Other 186 $27,120,000 $145,806
Refi 509 $127,145,000 $249,794
Cash Out Refi 2,613 $570,725,000 $218,418

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 946 $352,120,000 $372,220
Outside of Metro Areas 427 $141,395,000 $331,136
Outside of Metro Areas 762 $124,040,000 $162,782
BALTIMORE-COLUMBIA-TOWSON, MD 392 $113,580,000 $289,745
NASSAU COUNTY-SUFFOLK COUNTY, NY 254 $89,750,000 $353,346
ORLANDO-KISSIMMEE-SANFORD, FL 348 $78,540,000 $225,690
PROVIDENCE-WARWICK, RI-MA 282 $73,980,000 $262,340
BOSTON, MA 183 $62,505,000 $341,557
SALISBURY, MD-DE 249 $51,985,000 $208,775
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 146 $49,240,000 $337,260
MOBILE, AL 324 $45,560,000 $140,617
PALM BAY-MELBOURNE-TITUSVILLE, FL 198 $40,860,000 $206,364
LYNCHBURG, VA 235 $39,675,000 $168,830
RICHMOND, VA 185 $38,085,000 $205,865
NEWARK, NJ-PA 109 $31,785,000 $291,606
PORTLAND-SOUTH PORTLAND, ME 129 $31,105,000 $241,124
LAKELAND-WINTER HAVEN, FL 187 $29,635,000 $158,476
WILMINGTON, DE-MD-NJ 134 $29,100,000 $217,164
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 155 $28,025,000 $180,806
ROANOKE, VA 155 $27,775,000 $179,194
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 128 $25,350,000 $198,047
STAUNTON, VA 137 $25,345,000 $185,000
TAMPA-ST. PETERSBURG-CLEARWATER, FL 107 $23,865,000 $223,037
BLACKSBURG-CHRISTIANSBURG, VA 113 $19,995,000 $176,947
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 84 $18,910,000 $225,119
HAGERSTOWN-MARTINSBURG, MD-WV 99 $18,645,000 $188,333
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 48 $17,190,000 $358,125
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 73 $13,275,000 $181,849
CHARLOTTE-CONCORD-GASTONIA, NC-SC 62 $12,210,000 $196,935
JACKSONVILLE, FL 54 $12,140,000 $224,815
SPRINGFIELD, MA 56 $11,660,000 $208,214
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 60 $11,250,000 $187,500
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 39 $10,485,000 $268,846
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 55 $10,435,000 $189,727
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 39 $10,395,000 $266,538
DOVER, DE 55 $10,095,000 $183,545
BARNSTABLE TOWN, MA 30 $9,420,000 $314,000
MANCHESTER-NASHUA, NH 40 $9,360,000 $234,000
DENVER-AURORA-LAKEWOOD, CO 33 $9,085,000 $275,303
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 30 $9,000,000 $300,000
LOS ANGELES-LONG BEACH-GLENDALE, CA 23 $7,915,000 $344,130
DALLAS-PLANO-IRVING, TX 35 $7,805,000 $223,000
PHOENIX-MESA-CHANDLER, AZ 36 $7,800,000 $216,667
WORCESTER, MA-CT 34 $7,790,000 $229,118
PORT ST. LUCIE, FL 38 $7,330,000 $192,895
CHARLOTTESVILLE, VA 28 $7,170,000 $256,071
INDIANAPOLIS-CARMEL-ANDERSON, IN 37 $6,995,000 $189,054
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 32 $6,880,000 $215,000
DAPHNE-FAIRHOPE-FOLEY, AL 34 $6,770,000 $199,118
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 35 $6,705,000 $191,571
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 25 $6,655,000 $266,200
CAMDEN, NJ 38 $6,560,000 $172,632
SEATTLE-BELLEVUE-KENT, WA 16 $6,480,000 $405,000
CHARLESTON-NORTH CHARLESTON, SC 25 $6,405,000 $256,200
LEWISTON-AUBURN, ME 35 $6,275,000 $179,286
KANSAS CITY, MO-KS 34 $6,160,000 $181,176
PHILADELPHIA, PA 31 $6,095,000 $196,613
NEW ORLEANS-METAIRIE, LA 29 $5,315,000 $183,276
ST. LOUIS, MO-IL 26 $5,150,000 $198,077
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 18 $4,860,000 $270,000
NEW HAVEN-MILFORD, CT 23 $4,845,000 $210,652
MIAMI-MIAMI BEACH-KENDALL, FL 21 $4,715,000 $224,524
BANGOR, ME 31 $4,705,000 $151,774
HARRISONBURG, VA 23 $4,695,000 $204,130
NORTH PORT-SARASOTA-BRADENTON, FL 22 $4,590,000 $208,636
RALEIGH-CARY, NC 22 $4,460,000 $202,727
PITTSBURGH, PA 24 $4,000,000 $166,667
AUSTIN-ROUND ROCK-GEORGETOWN, TX 17 $3,845,000 $226,176
COLUMBUS, OH 20 $3,840,000 $192,000
BUFFALO-CHEEKTOWAGA, NY 21 $3,695,000 $175,952
SALT LAKE CITY, UT 15 $3,635,000 $242,333
KNOXVILLE, TN 17 $3,585,000 $210,882
WARREN-TROY-FARMINGTON HILLS, MI 21 $3,515,000 $167,381
CAPE CORAL-FORT MYERS, FL 18 $3,480,000 $193,333
FORT WORTH-ARLINGTON-GRAPEVINE, TX 18 $3,370,000 $187,222
GREENVILLE-ANDERSON, SC 19 $3,295,000 $173,421
COLORADO SPRINGS, CO 11 $3,205,000 $291,364
ASHEVILLE, NC 14 $3,180,000 $227,143
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 13 $3,165,000 $243,462
ALBANY-SCHENECTADY-TROY, NY 18 $3,110,000 $172,778
WINCHESTER, VA-WV 13 $3,055,000 $235,000
MEMPHIS, TN-MS-AR 15 $3,035,000 $202,333
LOUISVILLE/JEFFERSON COUNTY, KY-IN 19 $2,925,000 $153,947
SAN ANTONIO-NEW BRAUNFELS, TX 14 $2,780,000 $198,571
GARY, IN 13 $2,755,000 $211,923
SACRAMENTO-ROSEVILLE-FOLSOM, CA 10 $2,750,000 $275,000
GULFPORT-BILOXI, MS 20 $2,700,000 $135,000
GREENSBORO-HIGH POINT, NC 12 $2,530,000 $210,833
EAST STROUDSBURG, PA 15 $2,515,000 $167,667
MILWAUKEE-WAUKESHA, WI 13 $2,435,000 $187,308
BATON ROUGE, LA 13 $2,425,000 $186,538
COLUMBIA, SC 13 $2,415,000 $185,769
BIRMINGHAM-HOOVER, AL 17 $2,385,000 $140,294
CINCINNATI, OH-KY-IN 17 $2,375,000 $139,706
BRIDGEPORT-STAMFORD-NORWALK, CT 9 $2,335,000 $259,444
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 3 $2,285,000 $761,667
ANAHEIM-SANTA ANA-IRVINE, CA 5 $2,265,000 $453,000
ATLANTIC CITY-HAMMONTON, NJ 12 $2,260,000 $188,333
FORT COLLINS, CO 8 $2,190,000 $273,750
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 6 $2,190,000 $365,000
OCALA, FL 13 $2,135,000 $164,231
OKLAHOMA CITY, OK 14 $2,080,000 $148,571
NORWICH-NEW LONDON, CT 10 $2,050,000 $205,000
PENSACOLA-FERRY PASS-BRENT, FL 9 $1,995,000 $221,667
DURHAM-CHAPEL HILL, NC 11 $1,975,000 $179,545
Outside of Metro Areas 9 $1,955,000 $217,222
SPRINGFIELD, MO 9 $1,925,000 $213,889
OXNARD-THOUSAND OAKS-VENTURA, CA 5 $1,895,000 $379,000
YORK-HANOVER, PA 11 $1,875,000 $170,455
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 10 $1,780,000 $178,000
GETTYSBURG, PA 10 $1,700,000 $170,000
TRENTON-PRINCETON, NJ 10 $1,690,000 $169,000
CHAMBERSBURG-WAYNESBORO, PA 10 $1,680,000 $168,000
SALEM, OR 8 $1,680,000 $210,000
AUGUSTA-RICHMOND COUNTY, GA-SC 11 $1,665,000 $151,364
ALBUQUERQUE, NM 7 $1,615,000 $230,714
WINSTON-SALEM, NC 13 $1,615,000 $124,231
TUCSON, AZ 8 $1,610,000 $201,250
NAPLES-MARCO ISLAND, FL 7 $1,605,000 $229,286
PROVO-OREM, UT 6 $1,580,000 $263,333
READING, PA 8 $1,560,000 $195,000
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 2 $1,550,000 $775,000
MODESTO, CA 6 $1,500,000 $250,000
LANCASTER, PA 9 $1,465,000 $162,778
OGDEN-CLEARFIELD, UT 8 $1,440,000 $180,000
STOCKTON, CA 5 $1,415,000 $283,000
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 7 $1,395,000 $199,286
DES MOINES-WEST DES MOINES, IA 10 $1,390,000 $139,000
BOISE CITY, ID 6 $1,370,000 $228,333
CALIFORNIA-LEXINGTON PARK, MD 6 $1,330,000 $221,667
TULSA, OK 8 $1,290,000 $161,250
TACOMA-LAKEWOOD, WA 6 $1,270,000 $211,667
SYRACUSE, NY 9 $1,265,000 $140,556
MADISON, WI 5 $1,255,000 $251,000
CHICO, CA 4 $1,240,000 $310,000
TOLEDO, OH 7 $1,205,000 $172,143
ELMIRA, NY 6 $1,200,000 $200,000
IOWA CITY, IA 4 $1,060,000 $265,000
EUGENE-SPRINGFIELD, OR 4 $1,040,000 $260,000
FORT WAYNE, IN 7 $1,035,000 $147,857
JOPLIN, MO 5 $1,035,000 $207,000
OMAHA-COUNCIL BLUFFS, NE-IA 7 $1,015,000 $145,000
DETROIT-DEARBORN-LIVONIA, MI 8 $1,010,000 $126,250
SEBRING-AVON PARK, FL 8 $1,010,000 $126,250
WARNER ROBINS, GA 5 $995,000 $199,000
SPOKANE-SPOKANE VALLEY, WA 4 $990,000 $247,500
VALLEJO, CA 3 $985,000 $328,333
GAINESVILLE, FL 5 $955,000 $191,000
GRAND RAPIDS-KENTWOOD, MI 7 $955,000 $136,429
VISALIA, CA 5 $935,000 $187,000
CLEVELAND-ELYRIA, OH 7 $915,000 $130,714
SANTA FE, NM 2 $900,000 $450,000
MONTGOMERY, AL 5 $865,000 $173,000
PUNTA GORDA, FL 8 $860,000 $107,500
FLINT, MI 6 $860,000 $143,333
HOUMA-THIBODAUX, LA 4 $850,000 $212,500
TALLAHASSEE, FL 4 $840,000 $210,000
HUNTSVILLE, AL 4 $840,000 $210,000
KINGSTON, NY 4 $830,000 $207,500
BEND, OR 3 $815,000 $271,667
GLENS FALLS, NY 5 $815,000 $163,000
WACO, TX 3 $805,000 $268,333
KALAMAZOO-PORTAGE, MI 5 $795,000 $159,000
CHATTANOOGA, TN-GA 6 $780,000 $130,000
LAFAYETTE-WEST LAFAYETTE, IN 4 $780,000 $195,000
MOUNT VERNON-ANACORTES, WA 3 $775,000 $258,333
GAINESVILLE, GA 4 $770,000 $192,500
LEXINGTON-FAYETTE, KY 4 $760,000 $190,000
STATE COLLEGE, PA 3 $745,000 $248,333
RACINE, WI 4 $740,000 $185,000
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 5 $735,000 $147,000
HARRISBURG-CARLISLE, PA 4 $720,000 $180,000
CEDAR RAPIDS, IA 4 $710,000 $177,500
LAFAYETTE, LA 4 $710,000 $177,500
SAVANNAH, GA 5 $705,000 $141,000
FORT SMITH, AR-OK 3 $705,000 $235,000
BROWNSVILLE-HARLINGEN, TX 3 $705,000 $235,000
BREMERTON-SILVERDALE-PORT ORCHARD, WA 3 $705,000 $235,000
SCRANTON--WILKES-BARRE, PA 4 $690,000 $172,500
Outside of Metro Areas 5 $685,000 $137,000
HATTIESBURG, MS 4 $670,000 $167,500
MEDFORD, OR 3 $655,000 $218,333
ALEXANDRIA, LA 4 $650,000 $162,500
Outside of Metro Areas 4 $650,000 $162,500
OAKLAND-BERKELEY-LIVERMORE, CA 3 $645,000 $215,000
FLAGSTAFF, AZ 3 $645,000 $215,000
AKRON, OH 5 $635,000 $127,000
OLYMPIA-LACEY-TUMWATER, WA 3 $615,000 $205,000
TOPEKA, KS 4 $610,000 $152,500
FAYETTEVILLE, NC 5 $595,000 $119,000
ANN ARBOR, MI 2 $590,000 $295,000
HILTON HEAD ISLAND-BLUFFTON, SC 3 $585,000 $195,000
ST. GEORGE, UT 2 $570,000 $285,000
JACKSON, TN 3 $565,000 $188,333
FRESNO, CA 3 $565,000 $188,333
MERCED, CA 3 $555,000 $185,000
BECKLEY, WV 3 $545,000 $181,667
BOULDER, CO 2 $540,000 $270,000
GREELEY, CO 3 $535,000 $178,333
CANTON-MASSILLON, OH 5 $535,000 $107,000
PANAMA CITY, FL 3 $525,000 $175,000
FARGO, ND-MN 3 $515,000 $171,667
BAKERSFIELD, CA 3 $515,000 $171,667
JOHNSTOWN, PA 3 $515,000 $171,667
COEUR D'ALENE, ID 3 $495,000 $165,000
KINGSPORT-BRISTOL, TN-VA 5 $485,000 $97,000
TUSCALOOSA, AL 4 $480,000 $120,000
GRAND FORKS, ND-MN 2 $480,000 $240,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 4 $480,000 $120,000
VINELAND-BRIDGETON, NJ 3 $465,000 $155,000
LANSING-EAST LANSING, MI 3 $465,000 $155,000
SALINAS, CA 1 $455,000 $455,000
FLORENCE-MUSCLE SHOALS, AL 3 $455,000 $151,667
LOGAN, UT-ID 1 $455,000 $455,000
MIDLAND, TX 2 $450,000 $225,000
ROCHESTER, NY 4 $440,000 $110,000
KILLEEN-TEMPLE, TX 2 $440,000 $220,000
COLUMBUS, GA-AL 3 $435,000 $145,000
CLEVELAND, TN 3 $435,000 $145,000
DULUTH, MN-WI 2 $430,000 $215,000
SHREVEPORT-BOSSIER CITY, LA 3 $415,000 $138,333
CHARLESTON, WV 3 $415,000 $138,333
FLORENCE, SC 3 $405,000 $135,000
SIOUX CITY, IA-NE-SD 3 $405,000 $135,000
Outside of Metro Areas 3 $405,000 $135,000
EAU CLAIRE, WI 2 $400,000 $200,000
HOMOSASSA SPRINGS, FL 3 $395,000 $131,667
HUNTINGTON-ASHLAND, WV-KY-OH 3 $395,000 $131,667
PEORIA, IL 4 $390,000 $97,500
SEBASTIAN-VERO BEACH, FL 2 $390,000 $195,000
WENATCHEE, WA 2 $390,000 $195,000
TERRE HAUTE, IN 3 $385,000 $128,333
MORGANTOWN, WV 3 $385,000 $128,333
WICHITA, KS 2 $380,000 $190,000
ALBANY-LEBANON, OR 2 $370,000 $185,000
JANESVILLE-BELOIT, WI 2 $370,000 $185,000
ROCHESTER, MN 1 $365,000 $365,000
MONROE, MI 2 $360,000 $180,000
PITTSFIELD, MA 2 $360,000 $180,000
GADSDEN, AL 2 $360,000 $180,000
CORPUS CHRISTI, TX 3 $355,000 $118,333
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 1 $355,000 $355,000
SUMTER, SC 2 $350,000 $175,000
LAKE HAVASU CITY-KINGMAN, AZ 2 $350,000 $175,000
HOT SPRINGS, AR 3 $345,000 $115,000
OCEAN CITY, NJ 1 $335,000 $335,000
SPARTANBURG, SC 3 $325,000 $108,333
BEAUMONT-PORT ARTHUR, TX 2 $320,000 $160,000
LUBBOCK, TX 2 $310,000 $155,000
GREENVILLE, NC 2 $300,000 $150,000
JACKSON, MI 1 $295,000 $295,000
LAWRENCE, KS 1 $295,000 $295,000
EL PASO, TX 3 $295,000 $98,333
JOHNSON CITY, TN 2 $290,000 $145,000
HICKORY-LENOIR-MORGANTON, NC 3 $285,000 $95,000
ODESSA, TX 1 $285,000 $285,000
BELLINGHAM, WA 1 $285,000 $285,000
HINESVILLE, GA 2 $280,000 $140,000
ELIZABETHTOWN-FORT KNOX, KY 2 $280,000 $140,000
MORRISTOWN, TN 2 $280,000 $140,000
MACON-BIBB COUNTY, GA 2 $270,000 $135,000
NILES, MI 2 $270,000 $135,000
SIERRA VISTA-DOUGLAS, AZ 2 $260,000 $130,000
COLLEGE STATION-BRYAN, TX 2 $260,000 $130,000
GRAND ISLAND, NE 2 $260,000 $130,000
BOWLING GREEN, KY 2 $260,000 $130,000
AMARILLO, TX 1 $255,000 $255,000
SOUTH BEND-MISHAWAKA, IN-MI 2 $250,000 $125,000
MICHIGAN CITY-LA PORTE, IN 2 $250,000 $125,000
JACKSONVILLE, NC 2 $240,000 $120,000
PUEBLO, CO 2 $240,000 $120,000
YUMA, AZ 1 $235,000 $235,000
KENNEWICK-RICHLAND, WA 1 $235,000 $235,000
THE VILLAGES, FL 1 $225,000 $225,000
GREEN BAY, WI 1 $215,000 $215,000
NEW BERN, NC 1 $215,000 $215,000
PARKERSBURG-VIENNA, WV 1 $215,000 $215,000
IDAHO FALLS, ID 2 $210,000 $105,000
MADERA, CA 1 $195,000 $195,000
BLOOMINGTON, IN 1 $195,000 $195,000
ALTOONA, PA 2 $190,000 $95,000
LINCOLN, NE 1 $185,000 $185,000
SAN ANGELO, TX 1 $185,000 $185,000
ANNISTON-OXFORD, AL 2 $180,000 $90,000
JACKSON, MS 1 $175,000 $175,000
SPRINGFIELD, OH 1 $175,000 $175,000
ST. CLOUD, MN 1 $175,000 $175,000
WHEELING, WV-OH 1 $175,000 $175,000
LAKE COUNTY-KENOSHA COUNTY, IL-WI 2 $170,000 $85,000
MCALLEN-EDINBURG-MISSION, TX 2 $170,000 $85,000
WAUSAU-WESTON, WI 1 $165,000 $165,000
ITHACA, NY 1 $165,000 $165,000
ROCKFORD, IL 1 $165,000 $165,000
ELKHART-GOSHEN, IN 1 $165,000 $165,000
CAPE GIRARDEAU, MO-IL 1 $165,000 $165,000
BISMARCK, ND 1 $165,000 $165,000
APPLETON, WI 1 $155,000 $155,000
LAWTON, OK 1 $155,000 $155,000
POCATELLO, ID 1 $155,000 $155,000
LAS CRUCES, NM 1 $155,000 $155,000
EL CENTRO, CA 1 $155,000 $155,000
CLARKSVILLE, TN-KY 1 $155,000 $155,000
CHAMPAIGN-URBANA, IL 1 $145,000 $145,000
COLUMBIA, MO 1 $145,000 $145,000
WILMINGTON, NC 1 $145,000 $145,000
BURLINGTON, NC 1 $135,000 $135,000
AUBURN-OPELIKA, AL 1 $135,000 $135,000
DALTON, GA 1 $135,000 $135,000
AMES, IA 1 $135,000 $135,000
LONGVIEW, WA 1 $135,000 $135,000
CUMBERLAND, MD-WV 1 $125,000 $125,000
ENID, OK 1 $125,000 $125,000
TYLER, TX 1 $125,000 $125,000
WATERTOWN-FORT DRUM, NY 1 $125,000 $125,000
LAKE CHARLES, LA 2 $120,000 $60,000
UTICA-ROME, NY 1 $115,000 $115,000
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 1 $115,000 $115,000
KOKOMO, IN 1 $105,000 $105,000
LAREDO, TX 1 $105,000 $105,000
BATTLE CREEK, MI 1 $105,000 $105,000
ST. JOSEPH, MO-KS 1 $105,000 $105,000
DECATUR, AL 1 $105,000 $105,000
ROCKY MOUNT, NC 1 $85,000 $85,000
BINGHAMTON, NY 1 $85,000 $85,000
MANHATTAN, KS 1 $85,000 $85,000
MANSFIELD, OH 1 $85,000 $85,000
FARMINGTON, NM 1 $75,000 $75,000
SPRINGFIELD, IL 1 $65,000 $65,000
SHERMAN-DENISON, TX 1 $55,000 $55,000

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
3-4% 368 $118,610,000 $322,310
4-5% 5,545 $1,413,155,000 $254,852
5-6% 3,070 $594,420,000 $193,622
6-7% 162 $32,220,000 $198,889
7-8% 28 $9,260,000 $330,714
Over 8% 14 $2,310,000 $165,000

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 760 $58,660,000 $77,184
$100k-200k 3,751 $565,565,000 $150,777
$200k-400k 3,695 $1,020,685,000 $276,234
$400k-600k 780 $367,560,000 $471,231
$600k-1000k 181 $132,655,000 $732,901
$Over $1MM 20 $24,850,000 $1,242,500

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% 182 $24,420,000 $134,176
40-60% 547 $105,905,000 $193,611
60-80% 2,045 $514,065,000 $251,377
80-100% 6,093 $1,438,565,000 $236,101
Over 100% 307 $85,705,000 $279,169
Under 20% 13 $1,315,000 $101,154

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 1,631 $488,025,000 $299,218
$150k-250k 928 $352,600,000 $379,957
$50k-75k 2,617 $502,435,000 $191,989
$50k-or less 2,077 $282,245,000 $135,891
$75k-100k 1,661 $401,125,000 $241,496
$Over $250k 273 $143,545,000 $525,806

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 6,409 $1,477,535,000 $230,541
Not provided 1,551 $400,865,000 $258,456
Black 945 $208,465,000 $220,598
Asian 239 $73,655,000 $308,180
American Indian 25 $5,315,000 $212,600
Native Hawaiian 9 $1,445,000 $160,556
Asian Indian 5 $1,185,000 $237,000
Chinese 1 $625,000 $625,000
Vietnamese 1 $475,000 $475,000
Other Asian 1 $255,000 $255,000
Other Pacific Islander 1 $155,000 $155,000

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 9,187 $2,169,975,000 $236,201

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,913 $500,565,000 $261,665
$1k-2k 4,222 $971,450,000 $230,092
$2k-3k 1,540 $293,240,000 $190,416
$3k-4k 1,128 $268,480,000 $238,014
$5k+ 318 $122,210,000 $384,308

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 163 $18,695,000 $114,693
Single Family (1-4 Units):Site-Built 9,024 $2,151,280,000 $238,395