Mortgage Assurance Rates, Fees & Info
Norcross, GALEI: 254900AD895KKZTSFT42
Tax ID: 27-0202259
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Mortgage Data
Review & Overview
Mortgage Assurance is a smaller mortgage company specializing in Home Purchase loans. Mortgage Assurance 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: Atlanta, Charlotte, Chicago, Charleston, and Greenville among others. We have data for 96 markets. (Some data included below & more in-depth data is available with an active subscription.)Mortgage Assurance 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. Mortgage Assurance is typically an average 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.
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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.92% | 4/5/25 |
| 30 Year Conventional Refi | 6.84% | 4/5/25 |
| 30 Year Cash-out Refi | 7.30% | 4/5/25 |
| 30 Year FHA Purchase | 7.00% | 4/5/25 |
| 30 Year FHA Refi | 6.74% | 4/5/25 |
| 30 Year VA Purchase | 6.36% | 4/5/25 |
| 30 Year VA Refi | 5.89% | 4/5/25 |
| 30 Year USDA Purchase | 6.70% | 4/5/25 |
| 15 Year Conventional Purchase | 6.15% | 4/5/25 |
| 15 Year Conventional Refi | 5.94% | 4/5/25 |
| 15 Year Cash-out Refi | 5.94% | 4/5/25 |
| 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. | ||
Mortgage Assurance Mortgage Calculator
Your Estimates
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This is not an official calculator from Mortgage Assurance. 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
1,017Origination Dollar Volume (All Markets)
$391,665,000Relative Rate
Mortgage Assurance's average 30 year fixed mortgage rate was
6.64%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.09%.
Relative Fees (Closing Costs)
Mortgage Assurance's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,464.
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 $8,356.
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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 481 | $198,515,000 | $412,713 | $8,961 | 6.55% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 55 | $20,215,000 | $367,545 | $7,576 | 6.72% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 55 | $17,915,000 | $325,727 | $8,637 | 6.92% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 40 | $15,320,000 | $383,000 | $11,644 | 6.53% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 30 | $11,360,000 | $378,667 | $7,128 | 6.79% |
| Outside of Metro Areas | 31 | $10,105,000 | $325,968 | $7,354 | 6.41% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 29 | $10,075,000 | $347,414 | $6,149 | 6.69% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 27 | $9,295,000 | $344,259 | $6,377 | 6.77% |
| COLUMBIA, SC (FHA|USDA|VA) | 25 | $8,045,000 | $321,800 | $7,118 | 6.69% |
| Jefferson, GA (FHA|USDA|VA) | 12 | $5,810,000 | $484,167 | $8,959 | 6.74% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 13 | $5,595,000 | $430,385 | $8,212 | 6.72% |
| GAINESVILLE, GA (FHA|USDA|VA) | 12 | $5,450,000 | $454,167 | $9,866 | 6.53% |
| WILMINGTON, NC (FHA|USDA|VA) | 13 | $5,195,000 | $399,615 | $6,824 | 6.63% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 9 | $3,835,000 | $426,111 | $5,343 | 6.49% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 9 | $3,705,000 | $411,667 | $7,546 | 6.53% |
| RICHMOND, VA (FHA|USDA|VA) | 9 | $3,425,000 | $380,556 | $10,388 | 6.42% |
| ROME, GA (FHA|USDA|VA) | 13 | $3,355,000 | $258,077 | $6,807 | 6.33% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 7 | $3,065,000 | $437,857 | $10,229 | 7.14% |
| SPARTANBURG, SC (FHA|USDA|VA) | 8 | $2,570,000 | $321,250 | $8,125 | 6.66% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $2,440,000 | $610,000 | $11,878 | 6.91% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 3 | $2,265,000 | $755,000 | $6,482 | 7.21% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 6 | $2,080,000 | $346,667 | $6,337 | 7.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $1,935,000 | $645,000 | $4,478 | 7.54% |
| Georgetown, SC (FHA|USDA|VA) | 5 | $1,775,000 | $355,000 | $9,158 | 6.68% |
| SAVANNAH, GA (FHA|USDA|VA) | 5 | $1,745,000 | $349,000 | $8,845 | 6.80% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $1,710,000 | $427,500 | $7,237 | 6.94% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 4 | $1,420,000 | $355,000 | $11,674 | 6.16% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,345,000 | $448,333 | $8,113 | 7.29% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $10,361 | 6.58% |
| Baraboo, WI (FHA|USDA|VA) | 2 | $1,250,000 | $625,000 | $8,355 | 7.31% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $3,938 | 6.63% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $6,432 | 6.33% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $5,012 | 6.97% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 5 | $1,125,000 | $225,000 | $5,779 | 5.83% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $3,354 | 6.81% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $0 | 6.25% |
| BOULDER, CO (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $3,303 | 6.63% |
| Calhoun, GA (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $7,695 | 6.04% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $5,459 | 6.75% |
| Shelby, NC (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $10,342 | 7.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $18,245 | 6.63% |
| Cedartown, GA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $5,349 | 6.63% |
| KANKAKEE, IL (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $9,135 | 6.91% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $8,970 | 6.25% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $7,963 | 6.38% |
| Seneca, SC (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $7,687 | 7.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 6.13% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 6.88% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $6,175 | 8.13% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $2,388 | 6.21% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $10,315 | 7.13% |
| DALTON, GA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $6,216 | 6.63% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $7,353 | 7.38% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $15,120 | 6.63% |
| AKRON, OH (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 6.63% |
| Keene, NH (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,925 | 6.88% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $2,496 | 7.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $12,458 | 7.13% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $11,238 | 6.13% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $14,174 | 6.88% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $17,618 | 6.50% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $9,502 | 6.88% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 6.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,749 | 8.38% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $11,970 | 6.13% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $14,694 | 6.50% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $10,658 | 8.13% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,909 | 6.88% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,285 | 6.50% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,967 | 7.13% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,502 | 6.63% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 7.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,242 | 6.50% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 6.38% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,776 | 6.88% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,484 | 7.38% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 6.63% |
| Vidalia, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 6.63% |
| BAY CITY, MI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,689 | 6.50% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,419 | 6.63% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,373 | 7.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,071 | 6.63% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,599 | 6.88% |
| OCALA, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,586 | 6.63% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $11,359 | 6.75% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,897 | 6.63% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 6.13% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,552 | 6.50% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,998 | 7.13% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,874 | 6.75% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,860 | 6.88% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.50% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,995 | 7.00% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,862 | 6.63% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,679 | 5.25% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against Mortgage Assurance based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2024, Mortgage Assurance's most frequently originated type of loan was Conventional, with 810 originations. Their 2nd most popular type was FHA, with 160 originations.
Loan Reason
For 2024, Mortgage Assurance's most frequently cited loan purpose was Home Purchase, with 849 originations. The 2nd most popular reason was Refi, with 97 originations.
Loan Duration/Length
For 2024, Mortgage Assurance's most frequently cited loan duration was 30 Year, with 974 originations. The 2nd most popular length was 15 Year, with 28 originations.
Origination Fees/Closing Costs
Mortgage Assurance's average total fees were $8,464, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 239 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 670 | $259,100,000 | $386,716 |
| 7-8% | 194 | $72,400,000 | $373,196 |
| 5-6% | 139 | $54,395,000 | $391,331 |
| Over 8% | 14 | $5,770,000 | $412,143 |
During 2024, Mortgage Assurance's average interest rate for loans was 6.64%, while their most frequently originated rate bucket for loans was 6-7%, with 670 originations.
Loan Sizing
2024 saw Mortgage Assurance place emphasis on $200k-400k loans with 540 originations, totaling $164,730,000 in origination value.
Applicant Income
Mortgage Assurance lent most frequently to those with incomes in the $150k-250k range, with 287 originations. The second most popular income band? $100k-150k, with 282 originations.
Applicant Debt to Income Ratio
Mortgage Assurance lent most frequently to those with DTI ratios of 30-36%, with 169 originations. The next most common DTI ratio? 20-30%, with 147 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.34%
Mortgage Assurance has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination67.06%
Mortgage Assurance 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 | 1,017 | $391,665,000 | $385,118 |