Cornerstone First Mortgage Inc Rates, Fees & Info

San Diego, CA

LEI: 2549001SI0EMFPT39035

Tax ID: 26-0728895

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Cornerstone First Mortgage Inc is a small mortgage company specializing in Home Purchase, Refi, and Home Improvement loans. They have an average proportion of FHA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Cornerstone First Mortgage Inc has a low ratio of conventional loans.Their top markets by origination volume include: San Diego, Los Angeles, Las Vegas, Riverside, and Portland among others. We have data for 174 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.

    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.

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    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.75% 1/29/23
    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.


    Originations

    3,331

    Origination Dollar Volume (All Markets)

    $1,405,835,000

    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
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 755 $438,285,000 $580,510 $0 0.00%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 255 $163,375,000 $640,686 $0 0.00%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 402 $125,250,000 $311,567 $0 0.00%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 257 $104,365,000 $406,089 $0 0.00%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 190 $80,110,000 $421,632 $0 0.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 207 $78,015,000 $376,884 $0 0.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 154 $53,550,000 $347,727 $0 0.00%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 46 $28,610,000 $621,957 $0 0.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 112 $27,380,000 $244,464 $0 0.00%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 67 $23,365,000 $348,731 $0 0.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 56 $16,380,000 $292,500 $0 0.00%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 33 $14,325,000 $434,091 $0 0.00%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 29 $12,845,000 $442,931 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 56 $11,500,000 $205,357 $0 0.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 20 $9,960,000 $498,000 $0 0.00%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 25 $9,545,000 $381,800 $0 0.00%
    EL CENTRO, CA (FHA|USDA|VA) 37 $8,955,000 $242,027 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 35 $8,935,000 $255,286 $0 0.00%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 32 $8,480,000 $265,000 $0 0.00%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 30 $8,440,000 $281,333 $0 0.00%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 12 $8,260,000 $688,333 $0 0.00%
    Outside of Metro Areas 27 $7,665,000 $283,889 $0 0.00%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 12 $5,970,000 $497,500 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 27 $5,865,000 $217,222 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 22 $5,810,000 $264,091 $0 0.00%
    Pahrump, NV (FHA|USDA|VA) 24 $5,680,000 $236,667 $0 0.00%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 9 $5,585,000 $620,556 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 16 $4,630,000 $289,375 $0 0.00%
    STOCKTON, CA (FHA|USDA|VA) 11 $4,155,000 $377,727 $0 0.00%
    NAPA, CA (FHA|USDA|VA) 7 $3,765,000 $537,857 $0 0.00%
    Newport, OR (FHA|USDA|VA) 16 $3,720,000 $232,500 $0 0.00%
    BAKERSFIELD, CA (FHA|USDA|VA) 10 $3,420,000 $342,000 $0 0.00%
    FRESNO, CA (FHA|USDA|VA) 8 $3,040,000 $380,000 $0 0.00%
    BOISE CITY, ID (FHA|USDA|VA) 9 $3,015,000 $335,000 $0 0.00%
    TUCSON, AZ (FHA|USDA|VA) 8 $2,970,000 $371,250 $0 0.00%
    Lumberton, NC (FHA|USDA|VA) 15 $2,945,000 $196,333 $0 0.00%
    Outside of Metro Areas 5 $2,755,000 $551,000 $0 0.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 9 $2,465,000 $273,889 $0 0.00%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 7 $2,315,000 $330,714 $0 0.00%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 5 $2,135,000 $427,000 $0 0.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $2,115,000 $423,000 $0 0.00%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 5 $2,035,000 $407,000 $0 0.00%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 7 $1,975,000 $282,143 $0 0.00%
    BOULDER, CO (FHA|USDA|VA) 5 $1,965,000 $393,000 $0 0.00%
    HUNTSVILLE, AL (FHA|USDA|VA) 8 $1,960,000 $245,000 $0 0.00%
    VISALIA, CA (FHA|USDA|VA) 3 $1,955,000 $651,667 $0 0.00%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 7 $1,915,000 $273,571 $0 0.00%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 6 $1,910,000 $318,333 $0 0.00%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 5 $1,905,000 $381,000 $0 0.00%
    RENO, NV (FHA|USDA|VA) 5 $1,895,000 $379,000 $0 0.00%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 8 $1,580,000 $197,500 $0 0.00%
    JACKSONVILLE, FL (FHA|USDA|VA) 5 $1,515,000 $303,000 $0 0.00%
    SALEM, OR (FHA|USDA|VA) 4 $1,480,000 $370,000 $0 0.00%
    VALLEJO, CA (FHA|USDA|VA) 3 $1,455,000 $485,000 $0 0.00%
    MODESTO, CA (FHA|USDA|VA) 4 $1,450,000 $362,500 $0 0.00%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $0 0.00%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $1,305,000 $435,000 $0 0.00%
    ST. GEORGE, UT (FHA|USDA|VA) 3 $1,255,000 $418,333 $0 0.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 6 $1,250,000 $208,333 $0 0.00%
    SALINAS, CA (FHA|USDA|VA) 3 $1,245,000 $415,000 $0 0.00%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 4 $1,240,000 $310,000 $0 0.00%
    BEND, OR (FHA|USDA|VA) 3 $1,225,000 $408,333 $0 0.00%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 4 $1,200,000 $300,000 $0 0.00%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 3 $1,185,000 $395,000 $0 0.00%
    Key West, FL (FHA|USDA|VA) 2 $1,150,000 $575,000 $0 0.00%
    MERCED, CA (FHA|USDA|VA) 4 $1,120,000 $280,000 $0 0.00%
    BELLINGHAM, WA (FHA|USDA|VA) 3 $1,115,000 $371,667 $0 0.00%
    Burley, ID (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $0 0.00%
    Heber, UT (FHA|USDA|VA) 2 $1,090,000 $545,000 $0 0.00%
    JACKSONVILLE, NC (FHA|USDA|VA) 3 $1,075,000 $358,333 $0 0.00%
    RICHMOND, VA (FHA|USDA|VA) 2 $1,020,000 $510,000 $0 0.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $965,000 $321,667 $0 0.00%
    Breckenridge, CO (FHA|USDA|VA) 2 $950,000 $475,000 $0 0.00%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $940,000 $470,000 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $920,000 $460,000 $0 0.00%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $900,000 $225,000 $0 0.00%
    CHICO, CA (FHA|USDA|VA) 3 $885,000 $295,000 $0 0.00%
    Oak Harbor, WA (FHA|USDA|VA) 2 $880,000 $440,000 $0 0.00%
    Show Low, AZ (FHA|USDA|VA) 2 $860,000 $430,000 $0 0.00%
    FORT COLLINS, CO (FHA|USDA|VA) 2 $850,000 $425,000 $0 0.00%
    Hailey, ID (FHA|USDA|VA) 2 $840,000 $420,000 $0 0.00%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 3 $825,000 $275,000 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $780,000 $390,000 $0 0.00%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 3 $765,000 $255,000 $0 0.00%
    KNOXVILLE, TN (FHA|USDA|VA) 4 $730,000 $182,500 $0 0.00%
    CARSON CITY, NV (FHA|USDA|VA) 2 $730,000 $365,000 $0 0.00%
    Astoria, OR (FHA|USDA|VA) 2 $730,000 $365,000 $0 0.00%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 3 $725,000 $241,667 $0 0.00%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $720,000 $360,000 $0 0.00%
    OCALA, FL (FHA|USDA|VA) 2 $720,000 $360,000 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $715,000 $715,000 $0 0.00%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 2 $660,000 $330,000 $0 0.00%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $660,000 $330,000 $0 0.00%
    GREELEY, CO (FHA|USDA|VA) 2 $650,000 $325,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $620,000 $310,000 $0 0.00%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $585,000 $585,000 $0 0.00%
    MADERA, CA (FHA|USDA|VA) 2 $550,000 $275,000 $0 0.00%
    YUMA, AZ (FHA|USDA|VA) 2 $540,000 $270,000 $0 0.00%
    Urbana, OH (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
    Kerrville, TX (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $500,000 $250,000 $0 0.00%
    Red Bluff, CA (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
    Fernley, NV (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
    EL PASO, TX (FHA|USDA|VA) 2 $430,000 $215,000 $0 0.00%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
    LONGVIEW, WA (FHA|USDA|VA) 2 $410,000 $205,000 $0 0.00%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
    TWIN FALLS, ID (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
    Durango, CO (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
    FAYETTEVILLE, NC (FHA|USDA|VA) 2 $400,000 $200,000 $0 0.00%
    WILMINGTON, NC (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
    Morehead City, NC (FHA|USDA|VA) 2 $390,000 $195,000 $0 0.00%
    WACO, TX (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
    SAVANNAH, GA (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
    MEDFORD, OR (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    CORVALLIS, OR (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $330,000 $165,000 $0 0.00%
    Payson, AZ (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $320,000 $160,000 $0 0.00%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $320,000 $160,000 $0 0.00%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
    REDDING, CA (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Fort Morgan, CO (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Jefferson, GA (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    The Dalles, OR (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    ROME, GA (FHA|USDA|VA) 2 $290,000 $145,000 $0 0.00%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    Klamath Falls, OR (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    Albert Lea, MN (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $240,000 $120,000 $0 0.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    MANKATO, MN (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    HINESVILLE, GA (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    Susanville, CA (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Elizabeth City, NC (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    MORGANTOWN, WV (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Wauchula, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    YAKIMA, WA (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    Union City, TN (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Roseburg, OR (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    ROANOKE, VA (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Clewiston, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Shawnee, OK (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    JACKSON, TN (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Albertville, AL (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Cornerstone First Mortgage Inc's top markets include San Diego, Los Angeles, Las Vegas, Riverside, and Portland among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Cornerstone First Mortgage Inc based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Emory Alliance Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 2,530 $1,044,070,000 $412,676 n/a 0.00%
    VA 465 $250,375,000 $538,441 $0 0.00%
    FHA 299 $90,885,000 $303,963 $0 0.00%
    FHA 19 $12,685,000 $667,632 $0 0.00%
    HELOC 14 $6,580,000 $470,000 n/a 0.00%
    USDA 2 $350,000 $175,000 $0 0.00%
    Conventional 1 $195,000 $195,000 $0 0.00%
    VA 1 $695,000 $695,000 $0 0.00%

    For 2021, Cornerstone First Mortgage Inc's most frequently originated type of loan was HELOC, with 2,530 originations. Their 2nd most popular type was VA, with 465 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,620 $742,500,000 $458,333 $0 0.00%
    Refi 932 $349,940,000 $375,472 $0 0.00%
    Home Improvement 779 $313,395,000 $402,304 $0 0.00%

    For 2021, Cornerstone First Mortgage Inc's most frequently cited loan purpose was Home Purchase, with 1,620 originations. The 2nd most popular reason was Refi, with 932 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 3,331 $1,405,835,000 $422,046 $0 0.00%

    For 2021, Cornerstone First Mortgage Inc's most frequently cited loan duration was Other, with 3,331 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,385 $413,485,000 $298,545 $0 0.00%
    $400k-600k 913 $445,575,000 $488,034 $0 0.00%
    $100k-200k 459 $72,845,000 $158,704 $0 0.00%
    $600k-1MM 405 $297,955,000 $735,691 $0 0.00%
    $1MM+ 122 $172,160,000 $1,411,148 $0 0.00%
    $100,000 or less 47 $3,815,000 $81,170 $0 0.00%

    2021 saw Cornerstone First Mortgage Inc place emphasis on $200k-400k loans with 1,385 originations, totaling $413,485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 3,149 $1,326,155,000 $421,135 $0 0.00%
    $50k or less 111 $48,105,000 $433,378 $0 0.00%

    Cornerstone First Mortgage Inc lent most frequently to those with incomes in the $250k+ range, with 3,149 originations. The second most popular income band? $50k or less, with 111 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,534 $1,050,760,000 $414,665 $0 0.00%
    Not provided 379 $177,255,000 $467,691 $0 0.00%
    Asian 188 $86,230,000 $458,670 $0 0.00%
    Black 183 $74,215,000 $405,546 $0 0.00%
    American Indian 37 $13,935,000 $376,622 $0 0.00%
    Native Hawaiian or Islander 9 $3,265,000 $362,778 $0 0.00%
    Not applicable 1 $175,000 $175,000 $0 0.00%

    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 3,331 $1,405,835,000 $422,046

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,331 $1,405,835,000 $422,046

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    CORNERSTONE MORTGAGE, INC. Conventional home mortgage Struggling to pay mortgage 1 100.0%