Cornerstone First Mortgage Inc Rates, Fees & Info

San Diego, CA

LEI: 2549001SI0EMFPT39035

Tax ID: 26-0728895

1 stars - Updated: 5/20/24 - out of 5 stars, based on 42 reviews

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

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Mortgage Data

Review & Overview

Cornerstone First Mortgage Inc is a smaller mortgage company specializing in Home Purchase loans. Cornerstone First Mortgage 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 by origination volume include: Miami, New York, San Diego, Tampa, and Portland among others. We have data for 190 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cornerstone First Mortgage Inc has an above average approval rate when compared to the average across all lenders. Cornerstone First Mortgage Inc 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
Home Equity Line of Credit (HELOC) 6.27% 5/20/24
30 Year Conventional Purchase 7.06% 5/20/24
30 Year Conventional Refi 6.78% 5/20/24
30 Year FHA Purchase 7.56% 5/20/24
30 Year FHA Refi 7.37% 5/20/24
30 Year VA Purchase 6.39% 5/20/24
30 Year VA Refi 6.16% 5/20/24
30 Year USDA Purchase 6.84% 5/20/24
15 Year Conventional Purchase 5.69% 5/20/24
15 Year Conventional Refi 6.13% 5/20/24
15 Year Cash-out Refi 6.13% 5/20/24
15 Year FHA Refi 5.68% 5/20/24
15 Year VA Refi 5.67% 5/20/24
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.

Cornerstone First Mortgage Inc Mortgage Calculator






Your Estimates

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

This is not an official calculator from Cornerstone First Mortgage Inc. 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

1,791

Origination Dollar Volume (All Markets)

$675,705,000

Awards

Cornerstone First Mortgage Inc FHA Loans bronze Cornerstone First Mortgage Inc FHA Loans gold Cornerstone First Mortgage Inc FHA Loans bronze
Show all (3) awards

Relative Rate

Cornerstone First Mortgage Inc's average 30 year fixed mortgage rate was 6.87%.

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

This yields a difference of 0.39%.

Relative Fees (Closing Costs)

Cornerstone First Mortgage Inc's average total fees/closing costs for a 30 year fixed rate mortgage were $12,225.

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
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 210 $83,920,000 $399,619 $14,843 6.86%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 172 $76,580,000 $445,233 $15,044 7.14%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 51 $40,395,000 $792,059 $16,999 6.76%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 82 $27,750,000 $338,415 $12,354 6.39%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 53 $25,235,000 $476,132 $12,762 6.69%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 31 $24,475,000 $789,516 $10,955 7.26%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 42 $22,250,000 $529,762 $9,960 6.93%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 67 $21,445,000 $320,075 $11,721 6.64%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 64 $17,710,000 $276,719 $11,278 7.03%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 72 $15,480,000 $215,000 $7,349 6.91%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 41 $13,525,000 $329,878 $9,613 6.46%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 27 $11,745,000 $435,000 $14,588 6.86%
RENO, NV (FHA|USDA|VA) 29 $11,585,000 $399,483 $18,446 6.54%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 23 $11,405,000 $495,870 $14,432 6.54%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 24 $10,950,000 $456,250 $13,459 6.62%
Outside of Metro Areas 33 $10,415,000 $315,606 $10,180 6.87%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 12 $9,960,000 $830,000 $12,931 6.92%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 34 $9,860,000 $290,000 $11,478 6.58%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 26 $9,830,000 $378,077 $12,192 6.83%
ST. LOUIS, MO-IL (FHA|USDA|VA) 37 $9,705,000 $262,297 $7,311 7.10%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 16 $9,700,000 $606,250 $8,915 7.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 37 $9,655,000 $260,946 $7,277 6.76%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 21 $9,195,000 $437,857 $14,235 6.33%
COLUMBUS, OH (FHA|USDA|VA) 27 $8,295,000 $307,222 $5,935 6.87%
PORT ST. LUCIE, FL (FHA|USDA|VA) 29 $7,915,000 $272,931 $11,129 7.38%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 26 $7,300,000 $280,769 $12,298 7.39%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 29 $7,185,000 $247,759 $11,833 6.99%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 21 $6,665,000 $317,381 $10,369 6.41%
PROVO-OREM, UT (FHA|USDA|VA) 12 $5,970,000 $497,500 $18,472 6.60%
REDDING, CA (FHA|USDA|VA) 19 $5,705,000 $300,263 $12,008 5.82%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 19 $5,585,000 $293,947 $11,433 6.92%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 10 $4,590,000 $459,000 $24,619 7.06%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 9 $4,275,000 $475,000 $11,673 7.24%
RICHMOND, VA (FHA|USDA|VA) 10 $3,850,000 $385,000 $8,215 7.11%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 13 $3,505,000 $269,615 $10,324 7.16%
Hilo, HI (FHA|USDA|VA) 10 $3,410,000 $341,000 $11,476 6.67%
Lufkin, TX (FHA|USDA|VA) 15 $3,205,000 $213,667 $5,762 6.87%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 10 $3,170,000 $317,000 $13,412 7.52%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 12 $2,830,000 $235,833 $11,989 7.18%
VALLEJO, CA (FHA|USDA|VA) 7 $2,815,000 $402,143 $7,855 6.84%
SALT LAKE CITY, UT (FHA|USDA|VA) 6 $2,790,000 $465,000 $13,324 6.77%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 7 $2,715,000 $387,857 $11,090 6.28%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 10 $2,410,000 $241,000 $8,313 7.62%
Key West, FL (FHA|USDA|VA) 2 $2,330,000 $1,165,000 $21,641 8.38%
YAKIMA, WA (FHA|USDA|VA) 7 $2,275,000 $325,000 $12,232 6.46%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $2,170,000 $542,500 $17,168 7.37%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 7 $2,095,000 $299,286 $15,037 6.64%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 4 $2,000,000 $500,000 $12,953 6.84%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 5 $1,985,000 $397,000 $10,687 7.42%
TULSA, OK (FHA|USDA|VA) 6 $1,810,000 $301,667 $13,573 7.31%
KNOXVILLE, TN (FHA|USDA|VA) 2 $1,790,000 $895,000 $8,305 8.06%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $1,625,000 $325,000 $8,023 7.60%
Red Bluff, CA (FHA|USDA|VA) 5 $1,585,000 $317,000 $9,982 6.47%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $1,545,000 $1,545,000 $39,745 7.25%
FRESNO, CA (FHA|USDA|VA) 4 $1,520,000 $380,000 $8,720 7.06%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 6 $1,510,000 $251,667 $9,731 7.29%
MODESTO, CA (FHA|USDA|VA) 3 $1,495,000 $498,333 $9,665 7.87%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 5 $1,495,000 $299,000 $9,733 7.90%
COLUMBUS, GA-AL (FHA|USDA|VA) 5 $1,415,000 $283,000 $7,013 7.18%
SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $1,330,000 $665,000 $17,432 6.75%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $1,270,000 $635,000 $7,817 6.87%
BATON ROUGE, LA (FHA|USDA|VA) 7 $1,245,000 $177,857 $9,013 7.35%
KANSAS CITY, MO-KS (FHA|USDA|VA) 6 $1,200,000 $200,000 $5,274 6.43%
OCALA, FL (FHA|USDA|VA) 4 $1,160,000 $290,000 $13,132 6.47%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $1,100,000 $275,000 $7,844 7.09%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 5 $975,000 $195,000 $5,608 7.45%
Cañon City, CO (FHA|USDA|VA) 2 $960,000 $480,000 $5,428 6.88%
Summerville, GA (FHA|USDA|VA) 6 $960,000 $160,000 $8,219 6.08%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 3 $925,000 $308,333 $14,428 6.13%
SALINAS, CA (FHA|USDA|VA) 2 $890,000 $445,000 $15,839 7.19%
JONESBORO, AR (FHA|USDA|VA) 3 $875,000 $291,667 $11,650 7.67%
HUNTSVILLE, AL (FHA|USDA|VA) 3 $865,000 $288,333 $6,163 6.17%
TUCSON, AZ (FHA|USDA|VA) 1 $855,000 $855,000 $15,225 5.99%
Jefferson, GA (FHA|USDA|VA) 2 $840,000 $420,000 $7,680 7.13%
Sevierville, TN (FHA|USDA|VA) 2 $810,000 $405,000 $12,702 7.56%
Seneca, SC (FHA|USDA|VA) 2 $810,000 $405,000 $8,407 8.00%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $795,000 $795,000 $6,451 6.99%
BOISE CITY, ID (FHA|USDA|VA) 2 $740,000 $370,000 $10,015 6.69%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 3 $735,000 $245,000 $10,888 6.63%
Ellensburg, WA (FHA|USDA|VA) 1 $715,000 $715,000 $7,065 7.50%
WENATCHEE, WA (FHA|USDA|VA) 1 $705,000 $705,000 $4,778 7.99%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $700,000 $350,000 $8,850 7.13%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $685,000 $228,333 $7,435 6.54%
TYLER, TX (FHA|USDA|VA) 2 $660,000 $330,000 $12,087 6.63%
EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $650,000 $325,000 $9,922 7.19%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $645,000 $645,000 $10,494 6.88%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $645,000 $645,000 $0 6.13%
BEND, OR (FHA|USDA|VA) 1 $625,000 $625,000 $12,859 7.00%
TUSCALOOSA, AL (FHA|USDA|VA) 3 $625,000 $208,333 $9,735 7.08%
SALEM, OR (FHA|USDA|VA) 2 $620,000 $310,000 $8,044 7.31%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $600,000 $300,000 $11,385 6.81%
Hermiston-Pendleton, OR (FHA|USDA|VA) 2 $600,000 $300,000 $15,621 7.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $590,000 $295,000 $9,451 7.25%
Alexander City, AL (FHA|USDA|VA) 3 $585,000 $195,000 $7,305 6.58%
GADSDEN, AL (FHA|USDA|VA) 2 $580,000 $290,000 $12,087 7.44%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $575,000 $575,000 $8,426 7.13%
Jasper, AL (FHA|USDA|VA) 3 $565,000 $188,333 $7,740 6.87%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $560,000 $280,000 $11,232 8.31%
ROME, GA (FHA|USDA|VA) 4 $560,000 $140,000 $6,320 9.19%
MONTGOMERY, AL (FHA|USDA|VA) 4 $550,000 $137,500 $5,898 7.75%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $545,000 $545,000 $5,213 5.75%
La Grande, OR (FHA|USDA|VA) 1 $535,000 $535,000 $13,285 7.25%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $530,000 $265,000 $16,251 7.31%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $500,000 $250,000 $9,575 6.06%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $490,000 $245,000 $7,650 6.94%
Elko, NV (FHA|USDA|VA) 1 $485,000 $485,000 $16,406 6.88%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $480,000 $240,000 $12,629 7.44%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $480,000 $240,000 $4,665 8.06%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $475,000 $475,000 $22,773 6.63%
MERCED, CA (FHA|USDA|VA) 2 $470,000 $235,000 $5,759 7.31%
SANTA FE, NM (FHA|USDA|VA) 1 $465,000 $465,000 $14,477 6.88%
Paragould, AR (FHA|USDA|VA) 4 $460,000 $115,000 $4,314 8.03%
CHICO, CA (FHA|USDA|VA) 1 $455,000 $455,000 $4,856 7.62%
Heber, UT (FHA|USDA|VA) 1 $455,000 $455,000 $4,391 7.38%
JACKSON, TN (FHA|USDA|VA) 1 $455,000 $455,000 $5,799 5.75%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $445,000 $445,000 $15,516 6.50%
Calhoun, GA (FHA|USDA|VA) 2 $440,000 $220,000 $12,379 6.75%
DOVER, DE (FHA|USDA|VA) 1 $435,000 $435,000 $22,593 6.99%
Aberdeen, WA (FHA|USDA|VA) 1 $435,000 $435,000 $9,805 5.99%
LOUISVILLE, KY (FHA|USDA|VA) 2 $430,000 $215,000 $6,120 6.44%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $425,000 $425,000 $4,930 6.75%
Show Low, AZ (FHA|USDA|VA) 1 $425,000 $425,000 $15,839 8.13%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $425,000 $425,000 $17,472 10.00%
VALDOSTA, GA (FHA|USDA|VA) 1 $405,000 $405,000 $9,897 6.62%
ST. GEORGE, UT (FHA|USDA|VA) 1 $405,000 $405,000 $4,429 7.88%
ANN ARBOR, MI (FHA|USDA|VA) 1 $405,000 $405,000 $7,779 7.99%
YUMA, AZ (FHA|USDA|VA) 2 $390,000 $195,000 $0 8.44%
EL CENTRO, CA (FHA|USDA|VA) 2 $390,000 $195,000 $8,762 8.25%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $385,000 $385,000 $0 10.63%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $375,000 $375,000 $7,022 6.63%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $365,000 $365,000 $0 9.00%
DECATUR, AL (FHA|USDA|VA) 1 $355,000 $355,000 $11,066 6.75%
LONGVIEW, WA (FHA|USDA|VA) 1 $355,000 $355,000 $19,245 6.00%
Greenville, MS (FHA|USDA|VA) 2 $350,000 $175,000 $7,938 6.44%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $345,000 $345,000 $0 10.25%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $345,000 $345,000 $12,314 6.99%
Moses Lake, WA (FHA|USDA|VA) 1 $345,000 $345,000 $8,462 6.99%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $335,000 $335,000 $0 8.13%
HARRISONBURG, VA (FHA|USDA|VA) 1 $335,000 $335,000 $0 7.88%
URBAN HONOLULU, HI (FHA|USDA|VA) 1 $335,000 $335,000 $13,201 6.50%
CARSON CITY, NV (FHA|USDA|VA) 1 $325,000 $325,000 $20,141 5.88%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $325,000 $325,000 $14,915 5.50%
Nacogdoches, TX (FHA|USDA|VA) 2 $320,000 $160,000 $7,652 6.81%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $295,000 $295,000 $9,116 7.13%
HINESVILLE, GA (FHA|USDA|VA) 1 $285,000 $285,000 $14,256 6.50%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $275,000 $275,000 $12,518 7.25%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $275,000 $275,000 $6,110 7.13%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2 $270,000 $135,000 $0 7.81%
AKRON, OH (FHA|USDA|VA) 1 $265,000 $265,000 $11,023 7.75%
STAUNTON, VA (FHA|USDA|VA) 1 $265,000 $265,000 $15,622 7.00%
Outside of Metro Areas 1 $265,000 $265,000 $14,906 7.75%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $260,000 $130,000 $2,674 6.69%
Mountain Home, ID (FHA|USDA|VA) 1 $255,000 $255,000 $15,884 6.75%
CLEVELAND, TN (FHA|USDA|VA) 1 $255,000 $255,000 $14,625 7.63%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $255,000 $255,000 $12,864 5.75%
Selma, AL (FHA|USDA|VA) 1 $255,000 $255,000 $13,694 6.88%
Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $255,000 $255,000 $6,398 7.50%
Athens, TX (FHA|USDA|VA) 1 $255,000 $255,000 $12,556 9.50%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $245,000 $245,000 $4,521 6.50%
FORT COLLINS, CO (FHA|USDA|VA) 1 $245,000 $245,000 $1,781 7.49%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $245,000 $245,000 $13,704 7.00%
Picayune, MS (FHA|USDA|VA) 1 $245,000 $245,000 $13,724 6.25%
PANAMA CITY, FL (FHA|USDA|VA) 1 $245,000 $245,000 $6,496 7.38%
FORT WAYNE, IN (FHA|USDA|VA) 1 $235,000 $235,000 $5,571 6.99%
HAMMOND, LA (FHA|USDA|VA) 1 $225,000 $225,000 $13,850 8.13%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $220,000 $110,000 $7,443 7.19%
Pullman, WA (FHA|USDA|VA) 2 $220,000 $110,000 $4,178 3.88%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $215,000 $215,000 $8,837 6.00%
Chillicothe, OH (FHA|USDA|VA) 1 $215,000 $215,000 $8,006 7.63%
VISALIA, CA (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.75%
Lake City, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.88%
COLUMBIA, MO (FHA|USDA|VA) 1 $195,000 $195,000 $10,302 5.49%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $195,000 $195,000 $8,591 7.50%
Milledgeville, GA (FHA|USDA|VA) 1 $185,000 $185,000 $11,011 6.00%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $175,000 $175,000 $6,328 7.13%
MIDLAND, MI (FHA|USDA|VA) 1 $175,000 $175,000 $4,386 6.62%
Celina, OH (FHA|USDA|VA) 1 $175,000 $175,000 $9,133 7.38%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $175,000 $175,000 $9,166 5.75%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $175,000 $175,000 $7,679 6.63%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $6,729 7.38%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.63%
Jackson, WY-ID (FHA|USDA|VA) 1 $155,000 $155,000 $0 10.00%
COLUMBIA, SC (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.13%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $135,000 $135,000 $7,910 6.63%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $125,000 $125,000 $0 7.88%
TOLEDO, OH (FHA|USDA|VA) 1 $125,000 $125,000 $3,908 7.38%
Bogalusa, LA (FHA|USDA|VA) 1 $115,000 $115,000 $5,605 7.13%
HATTIESBURG, MS (FHA|USDA|VA) 1 $95,000 $95,000 $4,911 6.63%
Coshocton, OH (FHA|USDA|VA) 1 $95,000 $95,000 $3,303 7.13%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $95,000 $95,000 $5,923 6.00%
Cornerstone First Mortgage Inc's top markets include Miami, New York, San Diego, Tampa, and Portland among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,113 $426,555,000 $383,248 $10,035 6.97%
    FHA 524 $176,390,000 $336,622 $14,911 6.81%
    VA 138 $69,770,000 $505,580 $15,247 6.61%
    USDA 16 $2,990,000 $186,875 $7,168 7.07%

    For 2023, Cornerstone First Mortgage Inc's most frequently originated type of loan was Conventional, with 1,113 originations. Their 2nd most popular type was FHA, with 524 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,625 $619,095,000 $380,982 $11,968 6.84%
    Refi 146 $50,410,000 $345,274 $12,939 7.33%
    Cash Out Refi 17 $4,605,000 $270,882 $8,455 7.98%
    Home Improvement 3 $1,595,000 $531,667 $24,346 6.42%

    For 2023, Cornerstone First Mortgage Inc's most frequently cited loan purpose was Home Purchase, with 1,625 originations. The 2nd most popular reason was Refi, with 146 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,757 $672,645,000 $382,837 $12,225 6.87%
    10 Year 23 $265,000 $11,522 $185 9.16%
    15 Year 9 $2,465,000 $273,889 $7,166 6.21%
    20 Year 1 $305,000 $305,000 $8,853 7.13%
    Other 1 $25,000 $25,000 $1,245 0.00%

    For 2023, Cornerstone First Mortgage Inc's most frequently cited loan duration was 30 Year, with 1,757 originations. The 2nd most popular length was 10 Year, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 889 $393,555,000 $442,694
    $2k-3k 216 $66,780,000 $309,167
    $1k-2k 207 $85,795,000 $414,469
    $3k-4k 169 $49,925,000 $295,414
    $4k-5k 157 $48,975,000 $311,943
    $<1k 74 $6,940,000 $93,784

    Cornerstone First Mortgage Inc's average total fees were $12,225, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 889 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 803 $309,055,000 $384,875
    7-8% 612 $237,910,000 $388,742
    5-6% 187 $75,155,000 $401,898
    Over 8% 153 $51,325,000 $335,458
    <2.5% 33 $565,000 $17,121
    4-5% 2 $1,310,000 $655,000

    During 2023, Cornerstone First Mortgage Inc's average interest rate for loans was 6.87%, while their most frequently originated rate bucket for loans was 6-7%, with 803 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 826 $246,650,000 $298,608 $11,070 6.96%
    $400k-600k 419 $200,865,000 $479,391 $14,219 7.03%
    $100k-200k 250 $38,760,000 $155,040 $6,793 7.00%
    $600k-1MM 162 $115,440,000 $712,593 $16,519 7.01%
    $100,000 or less 87 $3,345,000 $38,448 $1,242 5.09%
    $1MM+ 47 $70,645,000 $1,503,085 $32,910 6.96%

    2023 saw Cornerstone First Mortgage Inc place emphasis on $200k-400k loans with 826 originations, totaling $246,650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 472 $173,870,000 $368,369 $12,438 6.78%
    $150k-250k 366 $167,960,000 $458,907 $13,005 6.98%
    $75k-100k 354 $103,220,000 $291,582 $10,895 6.79%
    $50k-75k 298 $65,600,000 $220,134 $9,031 6.60%
    $250k+ 201 $146,405,000 $728,383 $18,803 7.39%
    $50k or less 79 $13,715,000 $173,608 $6,321 7.18%

    Cornerstone First Mortgage Inc lent most frequently to those with incomes in the $100k-150k range, with 472 originations. The second most popular income band? $150k-250k, with 366 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 250 $97,710,000 $390,840 $15,059 6.78%
    30-36% 228 $83,690,000 $367,061 $11,048 6.89%
    20-30% 165 $61,015,000 $369,788 $9,471 6.88%
    49% 120 $47,350,000 $394,583 $12,615 6.85%
    48% 96 $37,670,000 $392,396 $12,448 6.84%
    44% 91 $37,885,000 $416,319 $12,243 6.89%
    45% 90 $31,400,000 $348,889 $11,629 6.79%
    <20% 84 $28,380,000 $337,857 $7,045 6.16%
    47% 84 $31,650,000 $376,786 $12,272 6.90%
    43% 78 $29,610,000 $379,615 $11,967 6.83%
    42% 76 $27,640,000 $363,684 $11,701 7.12%
    46% 75 $26,395,000 $351,933 $11,155 6.93%
    40% 58 $21,130,000 $364,310 $11,279 7.08%
    39% 57 $18,955,000 $332,544 $10,092 6.92%
    41% 54 $20,840,000 $385,926 $11,346 6.94%
    38% 49 $25,995,000 $530,510 $14,144 6.99%
    36% 44 $13,890,000 $315,682 $10,741 7.17%
    37% 37 $12,585,000 $340,135 $10,912 6.92%
    >60% 19 $11,385,000 $599,211 $37,634 6.74%

    Cornerstone First Mortgage Inc lent most frequently to those with DTI ratios of 50-60%, with 250 originations. The next most common DTI ratio? 30-36%, with 228 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,337 $494,305,000 $369,712 $11,701 6.88%
    Black 202 $64,020,000 $316,931 $12,967 7.10%
    Asian 120 $61,980,000 $516,500 $13,004 6.84%
    Not provided 108 $47,350,000 $438,426 $13,338 6.77%
    American Indian 16 $5,820,000 $363,750 $13,250 6.51%
    Native Hawaiian or Islander 8 $2,230,000 $278,750 $9,606 6.84%

    Approval Rates

    Total approvals of all applications
    100.00%

    Cornerstone First Mortgage Inc has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,791 $675,705,000 $377,278

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,791 $675,705,000 $377,278

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 58 $14,460,000 $249,310 $7,012 7.15%
    40-60% 129 $48,595,000 $376,705 $9,179 6.99%
    60-80% 481 $191,065,000 $397,225 $12,317 7.17%
    80-100% 1,037 $405,285,000 $390,824 $12,799 6.90%
    Over 100% 23 $14,795,000 $643,261 $27,374 6.49%
    Under 20% 63 $1,505,000 $23,889 $602 4.40%