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 and Refi 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, Miami, Riverside, Los Angeles, and Portland among others. We have data for 154 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. They have a below average pick rate when compared to similar 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 about average 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% | 4/28/24 |
| 30 Year Conventional Purchase | 7.06% | 4/28/24 |
| 30 Year Conventional Refi | 6.78% | 4/28/24 |
| 30 Year FHA Purchase | 7.56% | 4/28/24 |
| 30 Year FHA Refi | 7.37% | 4/28/24 |
| 30 Year VA Purchase | 6.39% | 4/28/24 |
| 30 Year VA Refi | 6.16% | 4/28/24 |
| 30 Year USDA Purchase | 6.84% | 4/28/24 |
| 15 Year Conventional Purchase | 5.69% | 4/28/24 |
| 15 Year Conventional Refi | 6.13% | 4/28/24 |
| 15 Year Cash-out Refi | 6.13% | 4/28/24 |
| 15 Year FHA Refi | 5.68% | 4/28/24 |
| 15 Year VA Refi | 5.67% | 4/28/24 |
| 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
1,445Origination Dollar Volume (All Markets)
$617,995,000Awards
Cornerstone First Mortgage Inc - 2022
Cornerstone First Mortgage Inc is a 2022 , due to their low .
For 2022, 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) | 294 | $182,480,000 | $620,680 | $13,568 | 4.63% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 171 | $73,975,000 | $432,602 | $13,445 | 5.11% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 99 | $45,055,000 | $455,101 | $12,146 | 4.47% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 48 | $35,210,000 | $733,542 | $12,049 | 4.63% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 57 | $27,765,000 | $487,105 | $11,355 | 5.48% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 61 | $25,475,000 | $417,623 | $7,326 | 4.65% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 79 | $25,055,000 | $317,152 | $10,035 | 5.04% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 41 | $19,945,000 | $486,463 | $8,987 | 4.78% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 57 | $17,595,000 | $308,684 | $9,537 | 5.76% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 34 | $10,590,000 | $311,471 | $7,749 | 4.55% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 27 | $8,155,000 | $302,037 | $10,309 | 5.14% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 15 | $6,435,000 | $429,000 | $12,843 | 5.57% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 9 | $5,575,000 | $619,444 | $16,825 | 4.93% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 15 | $5,235,000 | $349,000 | $13,626 | 5.27% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 25 | $5,185,000 | $207,400 | $5,163 | 4.76% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 13 | $5,155,000 | $396,538 | $9,981 | 4.94% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 11 | $5,115,000 | $465,000 | $7,644 | 4.86% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 25 | $5,055,000 | $202,200 | $9,928 | 5.05% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 5 | $3,985,000 | $797,000 | $9,800 | 4.63% |
| REDDING, CA (FHA|USDA|VA) | 14 | $3,880,000 | $277,143 | $9,509 | 5.54% |
| EL CENTRO, CA (FHA|USDA|VA) | 14 | $3,830,000 | $273,571 | $7,117 | 3.74% |
| Outside of Metro Areas | 15 | $3,815,000 | $254,333 | $7,279 | 4.78% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 17 | $3,505,000 | $206,176 | $8,920 | 5.43% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 7 | $3,405,000 | $486,429 | $16,596 | 4.46% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 11 | $3,345,000 | $304,091 | $12,017 | 5.14% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 4 | $3,060,000 | $765,000 | $8,737 | 3.88% |
| BOISE CITY, ID (FHA|USDA|VA) | 6 | $2,860,000 | $476,667 | $5,958 | 4.79% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 14 | $2,740,000 | $195,714 | $7,789 | 5.57% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 8 | $2,650,000 | $331,250 | $8,865 | 4.89% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 9 | $2,465,000 | $273,889 | $6,795 | 5.18% |
| FRESNO, CA (FHA|USDA|VA) | 5 | $2,245,000 | $449,000 | $6,830 | 5.25% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $2,165,000 | $721,667 | $15,076 | 4.83% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $1,965,000 | $655,000 | $15,599 | 3.75% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 6 | $1,910,000 | $318,333 | $8,130 | 5.46% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 12 | $1,860,000 | $155,000 | $6,604 | 5.13% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $1,735,000 | $578,333 | $11,756 | 4.83% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,600,000 | $400,000 | $6,435 | 5.53% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 7 | $1,505,000 | $215,000 | $9,065 | 5.52% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 9 | $1,435,000 | $159,444 | $5,842 | 5.48% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $1,425,000 | $475,000 | $7,191 | 3.12% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 4 | $1,420,000 | $355,000 | $7,039 | 3.95% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4 | $1,360,000 | $340,000 | $8,698 | 4.44% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 5 | $1,265,000 | $253,000 | $13,670 | 5.07% |
| VISALIA, CA (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $5,916 | 4.90% |
| SALEM, OR (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $10,162 | 5.83% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $14,345 | 4.62% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $6,335 | 5.21% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $8,187 | 4.88% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $10,822 | 5.25% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $15,382 | 4.75% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $6,596 | 3.81% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $5,525 | 4.35% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $7,739 | 4.50% |
| Key West, FL (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $14,933 | 7.56% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $8,250 | 5.00% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $4,812 | 3.75% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $11,370 | 4.50% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $15,057 | 6.38% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $18,174 | 6.33% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $9,640 | 3.96% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $6,726 | 4.69% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $6,664 | 3.94% |
| Astoria, OR (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $8,771 | 6.63% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $15,214 | 5.19% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $13,516 | 6.04% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $11,145 | 4.25% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 6 | $660,000 | $110,000 | $5,242 | 5.96% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $8,110 | 5.31% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $8,572 | 4.13% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $3,808 | 3.50% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $5,977 | 5.75% |
| Lake City, FL (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $5,038 | 5.13% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $4,570 | 3.38% |
| PROVO-OREM, UT (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $5,548 | 2.15% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $5,204 | 3.50% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $15,897 | 3.00% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $10,085 | 4.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $12,011 | 6.63% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $5,578 | 3.63% |
| RENO, NV (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $5,410 | 3.25% |
| Rexburg, ID (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,150 | 4.25% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,205 | 6.00% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $8,666 | 5.63% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $5,441 | 5.31% |
| MADERA, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $8,310 | 5.13% |
| Outside of Metro Areas | 1 | $415,000 | $415,000 | $3,712 | 4.50% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $7,661 | 5.44% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,882 | 4.99% |
| MONTGOMERY, AL (FHA|USDA|VA) | 5 | $385,000 | $77,000 | $3,359 | 4.82% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $13,762 | 5.25% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $19,834 | 3.63% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $5,360 | 4.68% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $16,475 | 2.50% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,669 | 5.75% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,046 | 3.38% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $9,678 | 4.25% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,811 | 5.37% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,968 | 4.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,802 | 3.88% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $5,878 | 6.13% |
| GREAT FALLS, MT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,216 | 3.50% |
| DOVER, DE (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $18,235 | 6.75% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $11,400 | 6.25% |
| Prineville, OR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,447 | 3.88% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,997 | 5.25% |
| Oxford, MS (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,982 | 3.99% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $11,672 | 6.00% |
| JACKSON, TN (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $4,760 | 4.25% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,031 | 6.13% |
| Tifton, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,568 | 3.99% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $12,041 | 5.25% |
| Shelby, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,559 | 4.88% |
| Durango, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,695 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 6.99% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $13,500 | 6.13% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 5.75% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $13,714 | 6.63% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,929 | 4.63% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,475 | 5.88% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,460 | 5.99% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $6,486 | 5.44% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,848 | 3.13% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,265 | 5.75% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,078 | 3.63% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 6.50% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,146 | 3.13% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 4.99% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,091 | 5.25% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,914 | 3.25% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 6.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,170 | 4.88% |
| CHICO, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 6.13% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,767 | 4.25% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 4.99% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,653 | 4.37% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,057 | 6.88% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,728 | 2.25% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,278 | 4.25% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.99% |
| MERCED, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,405 | 3.99% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.99% |
| Forest City, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 6.13% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,135 | 4.75% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,604 | 5.25% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,489 | 7.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,877 | 3.99% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,850 | 4.50% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,160 | 3.25% |
| READING, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,376 | 4.99% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.63% |
| Greenville, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.13% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,910 | 5.63% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,067 | 4.50% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,019 | 4.13% |
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Similarity Rank: 240
Product Mix
For 2022, Cornerstone First Mortgage Inc's most frequently originated type of loan was Conventional, with 1,059 originations. Their 2nd most popular type was FHA, with 193 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 1,094 | $476,180,000 | $435,265 | $11,505 | 5.08% |
| Refi | 351 | $141,815,000 | $404,031 | $8,870 | 4.35% |
For 2022, Cornerstone First Mortgage Inc's most frequently cited loan purpose was Home Purchase, with 1,094 originations. The 2nd most popular reason was Refi, with 351 originations.
Loan Duration/Length
For 2022, Cornerstone First Mortgage Inc's most frequently cited loan duration was 30 Year, with 1,412 originations. The 2nd most popular length was 15 Year, with 22 originations.
Origination Fees/Closing Costs
Cornerstone First Mortgage Inc's average total fees were $10,927, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 566 originations.
Interest Rates
During 2022, Cornerstone First Mortgage Inc's average interest rate for loans was 4.93%, while their most frequently originated rate bucket for loans was 4-5%, with 408 originations.
Loan Sizing
2022 saw Cornerstone First Mortgage Inc place emphasis on $200k-400k loans with 548 originations, totaling $161,610,000 in origination value.
Applicant Income
Cornerstone First Mortgage Inc lent most frequently to those with incomes in the $100k-150k range, with 349 originations. The second most popular income band? $150k-250k, with 309 originations.
Applicant Debt to Income Ratio
Cornerstone First Mortgage Inc lent most frequently to those with DTI ratios of 30-36%, with 201 originations. The next most common DTI ratio? 20-30%, with 149 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.22%
Cornerstone First Mortgage Inc has an average approval rate.
Pick Rate
Approvals leading to origination38.82%
Cornerstone First Mortgage Inc has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,445 | $617,995,000 | $427,678 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Cornerstone Home Lending Inc. | VA mortgage | Trouble during payment process | 1 | 100.0% |