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: San Diego, Los Angeles, Riverside, Phoenix, and St. Louis among others. We have data for 84 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 low 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
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This is not an official calculator from Cornerstone First Mortgage Inc. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
845Origination Dollar Volume (All Markets)
$330,225,000Awards
Cornerstone First Mortgage Inc - 2018
Cornerstone First Mortgage Inc is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 440 | $206,250,000 | $468,750 | $3,282 | 5.14% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 34 | $17,740,000 | $521,765 | $4,024 | 5.16% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 49 | $16,605,000 | $338,878 | $10,470 | 4.81% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 28 | $10,670,000 | $381,071 | $2,301 | 21.66% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 50 | $9,740,000 | $194,800 | $2,473 | 5.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 23 | $6,375,000 | $277,174 | $2,334 | 4.85% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 10 | $6,190,000 | $619,000 | $3,142 | 5.46% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 17 | $4,215,000 | $247,941 | $1,911 | 5.08% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 11 | $4,195,000 | $381,364 | $3,597 | 5.16% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 11 | $3,935,000 | $357,727 | $2,222 | 4.91% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 19 | $3,225,000 | $169,737 | $4,490 | 4.76% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $2,700,000 | $1,350,000 | $1,590 | 4.06% |
| PITTSBURGH, PA (FHA|USDA|VA) | 16 | $2,540,000 | $158,750 | $2,831 | 5.07% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $2,240,000 | $560,000 | $6,881 | 4.34% |
| Outside of Metro Areas | 9 | $1,555,000 | $172,778 | $2,999 | 4.90% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 6 | $1,390,000 | $231,667 | $0 | 4.79% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,380,000 | $690,000 | $2,540 | 5.25% |
| STOCKTON, CA (FHA|USDA|VA) | 4 | $1,270,000 | $317,500 | $1,590 | 5.44% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 8 | $1,160,000 | $145,000 | $1,565 | 5.77% |
| VALLEJO, CA (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $7,098 | 4.54% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $1,591 | 4.44% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $2,193 | 5.46% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $1,590 | 5.01% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $6,808 | 4.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $7,319 | 4.92% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $2,605 | 4.94% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $2,788 | 4.50% |
| EL PASO, TX (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $3,661 | 5.34% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $2,798 | 5.08% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $3,584 | 5.06% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $4,971 | 4.94% |
| Oak Harbor, WA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $1,590 | 4.38% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $24,079 | 4.50% |
| APPLETON, WI (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $3,187 | 5.13% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $6,365 | 4.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $1,590 | 4.83% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $1,080 | 4.88% |
| BEND, OR (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $1,590 | 4.75% |
| RENO, NV (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $1,593 | 4.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $1,590 | 3.88% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,255 | 4.50% |
| Fernley, NV (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $1,590 | 5.31% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,759 | 4.63% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $1,590 | 5.00% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,071 | 5.19% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $1,590 | 5.13% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $1,590 | 4.38% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $1,590 | 4.88% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $1,590 | 4.63% |
| Key West, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $1,590 | 4.63% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,376 | 4.63% |
| YUMA, AZ (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,185 | 5.50% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,590 | 5.50% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,174 | 4.38% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,590 | 5.00% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,321 | 3.50% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,590 | 5.13% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,590 | 4.75% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $995 | 3.63% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,590 | 5.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,388 | 4.38% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,590 | 4.00% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,590 | 5.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,590 | 4.63% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,622 | 3.75% |
| Susanville, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,590 | 4.63% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,590 | 5.50% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,590 | 5.00% |
| CHICO, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,590 | 4.25% |
| MERCED, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,970 | 5.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,373 | 4.88% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,590 | 4.63% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,006 | 4.88% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,590 | 4.50% |
| Shawano, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,279 | 4.88% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $995 | 4.13% |
| Sonora, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,390 | 4.75% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,590 | 5.25% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,590 | 5.50% |
| DALTON, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,376 | 5.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,590 | 5.13% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,590 | 4.88% |
| FARMINGTON, NM (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.88% |
| Farmington, MO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,390 | 4.88% |
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Product Mix
For 2018, Cornerstone First Mortgage Inc's most frequently originated type of loan was Conventional, with 558 originations. Their 2nd most popular type was VA, with 168 originations.
Loan Reason
For 2018, Cornerstone First Mortgage Inc's most frequently cited loan purpose was Home Purchase, with 608 originations. The 2nd most popular reason was Home Improvement, with 170 originations.
Loan Duration/Length
For 2018, Cornerstone First Mortgage Inc's most frequently cited loan duration was 30 Year, with 812 originations. The 2nd most popular length was 15 Year, with 15 originations.
Origination Fees/Closing Costs
Cornerstone First Mortgage Inc's average total fees were $3,624, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 97 originations.
Interest Rates
During 2018, Cornerstone First Mortgage Inc's average interest rate for loans was 5.64%, while their most frequently originated rate bucket for loans was 4-5%, with 573 originations.
Loan Sizing
2018 saw Cornerstone First Mortgage Inc place emphasis on $200k-400k loans with 334 originations, totaling $98,250,000 in origination value.
Applicant Income
Cornerstone First Mortgage Inc lent most frequently to those with incomes in the $100k-150k range, with 244 originations. The second most popular income band? $75k-100k, with 165 originations.
Applicant Debt to Income Ratio
Cornerstone First Mortgage Inc lent most frequently to those with DTI ratios of 30-36%, with 135 originations. The next most common DTI ratio? 20-30%, with 125 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 |
|---|---|---|---|
| 1.5 | 1 | $445,000 | $445,000 |
| NA | 844 | $329,780,000 | $390,735 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 4 | $870,000 | $217,500 |
| Single Family (1-4 Units):Site-Built | 841 | $329,355,000 | $391,623 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Cornerstone Mortgage Group, LLC | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |