Cornerstone First Mortgage Inc Rates, Fees & Info
San Diego, CALEI: 2549001SI0EMFPT39035
Tax ID: 26-0728895
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 7.06% | 11/17/24 |
| 30 Year Conventional Refi | 6.78% | 11/17/24 |
| 30 Year FHA Purchase | 7.56% | 11/17/24 |
| 30 Year FHA Refi | 7.37% | 11/17/24 |
| 30 Year VA Purchase | 6.39% | 11/17/24 |
| 30 Year VA Refi | 6.16% | 11/17/24 |
| 30 Year USDA Purchase | 6.84% | 11/17/24 |
| 15 Year Conventional Purchase | 5.69% | 11/17/24 |
| 15 Year Conventional Refi | 6.13% | 11/17/24 |
| 15 Year Cash-out Refi | 6.13% | 11/17/24 |
| 15 Year FHA Refi | 5.68% | 11/17/24 |
| 15 Year VA Refi | 5.67% | 11/17/24 |
| 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
1,791Origination Dollar Volume (All Markets)
$675,705,000Awards
Cornerstone First Mortgage Inc - 2023
Cornerstone First Mortgage Inc is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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Product Mix
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
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
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
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
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
2023 saw Cornerstone First Mortgage Inc place emphasis on $200k-400k loans with 826 originations, totaling $246,650,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,791 | $675,705,000 | $377,278 |