Mortgage Assurance Rates, Fees & Info

Norcross, GA

LEI: 254900AD895KKZTSFT42

Tax ID: 27-0202259

5 stars - out of 5 stars, based on 49 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Mortgage Assurance is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Mortgage Assurance has a high proportion of conventional 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. Their top markets include Atlanta, Raleigh, Charleston, Charlotte, and Miami among others. Mortgage Assurance has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Mortgage Assurance is typically an average fee lendor.


Originations

2,448

Origination Dollar Volume (All Markets)

$685,960,000
Show all (16) awards

Relative Rate

Mortgage Assurance 's average 30 year fixed rate mortgage of loans were 2.98%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.17%.

Relative Fees

Mortgage Assurance 's average total fees for a 30 year fixed rate mortgage are $4,003.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1,512 $427,960,000 $283,042 $3,881 2.86%
RALEIGH-CARY, NC (FHA|USDA|VA) 107 $32,385,000 $302,664 $2,628 2.83%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 78 $23,140,000 $296,667 $5,082 2.80%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 75 $21,055,000 $280,733 $4,650 2.71%
Outside of Metro Areas 60 $17,710,000 $295,167 $3,364 2.90%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 37 $12,775,000 $345,270 $6,813 2.91%
WILMINGTON, NC (FHA|USDA|VA) 47 $12,305,000 $261,809 $2,871 2.79%
GAINESVILLE, GA (FHA|USDA|VA) 44 $11,860,000 $269,545 $3,812 2.95%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 36 $9,500,000 $263,889 $3,479 3.08%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 39 $8,775,000 $225,000 $3,556 2.91%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 22 $8,560,000 $389,091 $3,342 2.78%
Jefferson, GA (FHA|USDA|VA) 30 $7,300,000 $243,333 $3,036 2.94%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 24 $5,290,000 $220,417 $4,064 2.79%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 21 $5,245,000 $249,762 $3,286 3.14%
BOULDER, CO (FHA|USDA|VA) 11 $3,465,000 $315,000 $2,728 2.84%
WINSTON-SALEM, NC (FHA|USDA|VA) 12 $3,350,000 $279,167 $3,152 2.87%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 14 $3,310,000 $236,429 $4,205 2.87%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 11 $3,055,000 $277,727 $2,286 2.82%
FORT WAYNE, IN (FHA|USDA|VA) 13 $2,835,000 $218,077 $3,748 3.01%
RICHMOND, VA (FHA|USDA|VA) 9 $2,775,000 $308,333 $1,927 2.47%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 11 $2,745,000 $249,545 $3,794 2.85%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 10 $2,500,000 $250,000 $4,557 2.56%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 12 $2,390,000 $199,167 $4,633 2.77%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 9 $2,245,000 $249,444 $2,600 3.07%
ROME, GA (FHA|USDA|VA) 11 $2,035,000 $185,000 $3,719 2.76%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 8 $1,950,000 $243,750 $3,106 2.95%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $1,945,000 $389,000 $2,325 2.73%
SAVANNAH, GA (FHA|USDA|VA) 7 $1,945,000 $277,857 $4,514 2.91%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 7 $1,935,000 $276,429 $3,996 2.91%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 8 $1,850,000 $231,250 $2,595 2.77%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $1,830,000 $915,000 $6,711 3.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $1,805,000 $361,000 $2,980 3.05%
Morehead City, NC (FHA|USDA|VA) 5 $1,685,000 $337,000 $3,536 2.90%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 6 $1,430,000 $238,333 $2,870 2.83%
Calhoun, GA (FHA|USDA|VA) 6 $1,240,000 $206,667 $3,301 2.90%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 6 $1,190,000 $198,333 $5,854 3.02%
ASHEVILLE, NC (FHA|USDA|VA) 4 $1,160,000 $290,000 $4,022 2.63%
LaGrange, GA-AL (FHA|USDA|VA) 6 $1,130,000 $188,333 $3,454 2.50%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 4 $1,060,000 $265,000 $3,128 2.75%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 5 $1,035,000 $207,000 $3,358 2.73%
JACKSONVILLE, NC (FHA|USDA|VA) 3 $985,000 $328,333 $2,949 3.38%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $970,000 $485,000 $12,001 2.94%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $935,000 $311,667 $4,003 3.04%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 5 $925,000 $185,000 $3,119 3.05%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $875,000 $291,667 $2,318 2.75%
DALTON, GA (FHA|USDA|VA) 5 $875,000 $175,000 $6,036 2.25%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $800,000 $400,000 $1,929 2.63%
Georgetown, SC (FHA|USDA|VA) 2 $800,000 $400,000 $6,172 2.69%
GREELEY, CO (FHA|USDA|VA) 2 $770,000 $385,000 $2,067 3.00%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $700,000 $350,000 $4,522 2.88%
Sevierville, TN (FHA|USDA|VA) 2 $690,000 $345,000 $4,645 2.69%
Warsaw, IN (FHA|USDA|VA) 3 $685,000 $228,333 $3,441 3.17%
Cedartown, GA (FHA|USDA|VA) 3 $675,000 $225,000 $3,766 2.79%
Laconia, NH (FHA|USDA|VA) 2 $660,000 $330,000 $2,384 3.19%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $630,000 $315,000 $4,302 3.06%
COLUMBIA, SC (FHA|USDA|VA) 3 $625,000 $208,333 $4,571 2.83%
KNOXVILLE, TN (FHA|USDA|VA) 2 $620,000 $310,000 $3,337 3.06%
Breckenridge, CO (FHA|USDA|VA) 1 $615,000 $615,000 $3,187 3.38%
Cornelia, GA (FHA|USDA|VA) 3 $595,000 $198,333 $5,199 2.42%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $580,000 $290,000 $3,320 2.56%
Seneca, SC (FHA|USDA|VA) 1 $545,000 $545,000 $9,620 3.00%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2 $510,000 $255,000 $7,192 2.88%
PANAMA CITY, FL (FHA|USDA|VA) 2 $500,000 $250,000 $5,987 2.88%
Key West, FL (FHA|USDA|VA) 1 $485,000 $485,000 $6,179 3.38%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $465,000 $465,000 $3,014 2.50%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $440,000 $220,000 $2,064 2.81%
Alexander City, AL (FHA|USDA|VA) 1 $435,000 $435,000 $2,091 3.13%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $420,000 $210,000 $2,316 3.00%
NEW BERN, NC (FHA|USDA|VA) 1 $405,000 $405,000 $3,298 2.75%
Boone, NC (FHA|USDA|VA) 1 $385,000 $385,000 $6,185 2.63%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $385,000 $385,000 $4,496 2.75%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $385,000 $385,000 $2,387 2.88%
LYNCHBURG, VA (FHA|USDA|VA) 1 $365,000 $365,000 $1,838 3.50%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $355,000 $355,000 $7,056 2.25%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $335,000 $335,000 $2,966 2.25%
Douglas, GA (FHA|USDA|VA) 1 $315,000 $315,000 $8,555 3.13%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 3 $305,000 $101,667 $2,659 2.88%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $305,000 $305,000 $1,502 2.50%
Shelby, NC (FHA|USDA|VA) 1 $305,000 $305,000 $4,625 2.25%
Vidalia, GA (FHA|USDA|VA) 1 $305,000 $305,000 $2,944 2.75%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $305,000 $305,000 $4,484 2.63%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $300,000 $150,000 $2,113 3.44%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $285,000 $285,000 $2,841 2.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $275,000 $275,000 $2,959 3.13%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $275,000 $275,000 $1,864 2.75%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $270,000 $135,000 $4,483 3.31%
Concord, NH (FHA|USDA|VA) 1 $265,000 $265,000 $4,569 3.00%
BURLINGTON, NC (FHA|USDA|VA) 1 $225,000 $225,000 $2,679 2.88%
Thomasville, GA (FHA|USDA|VA) 1 $205,000 $205,000 $5,781 2.88%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $205,000 $205,000 $6,396 3.50%
BRUNSWICK, GA (FHA|USDA|VA) 1 $195,000 $195,000 $5,581 3.13%
WARNER ROBINS, GA (FHA|USDA|VA) 2 $190,000 $95,000 $2,110 2.81%
Milledgeville, GA (FHA|USDA|VA) 1 $185,000 $185,000 $2,627 2.75%
SPARTANBURG, SC (FHA|USDA|VA) 1 $175,000 $175,000 $3,784 4.13%
Kendallville, IN (FHA|USDA|VA) 1 $175,000 $175,000 $4,660 2.75%
Forest City, NC (FHA|USDA|VA) 1 $175,000 $175,000 $2,029 2.88%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $175,000 $175,000 $1,888 2.63%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,137 2.88%
VALDOSTA, GA (FHA|USDA|VA) 1 $175,000 $175,000 $4,831 2.75%
GREENVILLE, NC (FHA|USDA|VA) 1 $175,000 $175,000 $6,466 3.63%
Toccoa, GA (FHA|USDA|VA) 1 $145,000 $145,000 $2,244 2.88%
Summerville, GA (FHA|USDA|VA) 1 $145,000 $145,000 $2,935 3.00%
PEORIA, IL (FHA|USDA|VA) 1 $135,000 $135,000 $2,036 2.75%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,258 3.38%
MUNCIE, IN (FHA|USDA|VA) 1 $85,000 $85,000 $1,788 3.50%
Orangeburg, SC (FHA|USDA|VA) 1 $75,000 $75,000 $3,987 3.50%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $75,000 $75,000 $2,907 3.25%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $55,000 $55,000 $2,559 4.13%

Mortgage Assurance 's top markets include Atlanta, Raleigh, Charleston, Charlotte, and Miami among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,383 $670,085,000 $281,194 $3,750 2.86%
FHA 58 $14,090,000 $242,931 $7,394 2.73%
USDA 7 $1,785,000 $255,000 $5,674 2.80%

For the 2021 period, Mortgage Assurance 's most frequently originated loan type of loans were Conventional, with 2,383 originations. Their 2nd most popular type is FHA, with 58 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 1,144 $308,440,000 $269,615 $3,494 2.75%
Home Purchase 713 $217,095,000 $304,481 $4,528 2.95%
Cash Out Refi 589 $160,145,000 $271,893 $3,693 2.97%
Home Improvement 2 $280,000 $140,000 $1,933 2.44%

For the 2021, Mortgage Assurance 's most frequently cited loan purpose of loans were Refi, with 1,144 originations. The 2nd most popular reason of loans were Home Purchase, with 713 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,828 $533,220,000 $291,696 $4,003 2.98%
15 Year 352 $85,140,000 $241,875 $3,463 2.37%
20 Year 178 $47,120,000 $264,719 $3,457 2.69%
10 Year 45 $8,845,000 $196,556 $2,755 2.23%
Other 45 $11,635,000 $258,556 $2,854 2.89%

For the 2021, Mortgage Assurance 's most frequently cited loan length of loans were 30 Year, with 1,828 originations. The 2nd most popular length of loans were 15 Year, with 352 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,580 $430,280,000 $272,329
$5k+ 264 $99,510,000 $376,932
$1k-2k 249 $62,325,000 $250,301
$3k-4k 244 $64,700,000 $265,164
$2k-3k 111 $29,145,000 $262,568

$4,003 of loans were Mortgage Assurance 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,580 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 1,354 $387,880,000 $286,470
3-4% 617 $171,595,000 $278,112
<2.5% 469 $125,185,000 $266,919
4-5% 8 $1,300,000 $162,500

During 2021, Mortgage Assurance 's average interest rate of loans were 2.98%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,354 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,301 $367,465,000 $282,448 $3,878 2.87%
$100k-200k 671 $106,525,000 $158,756 $2,897 2.86%
$400k-600k 402 $192,890,000 $479,826 $5,352 2.81%
$100,000 or less 57 $4,785,000 $83,947 $2,530 2.79%
$600k-1MM 13 $9,145,000 $703,462 $6,764 3.27%
$1MM+ 4 $5,150,000 $1,287,500 $8,011 3.47%

2021 saw Mortgage Assurance place emphasis on $200k-400k loans with 1,301 originations, totaling $367,465,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 610 $186,310,000 $305,426 $3,926 2.83%
$50k-75k 523 $113,965,000 $217,906 $3,339 2.87%
$150k-250k 448 $163,180,000 $364,241 $4,424 2.82%
$75k-100k 446 $116,560,000 $261,345 $3,788 2.89%
$50k or less 285 $48,155,000 $168,965 $3,264 2.92%
$250k+ 131 $56,385,000 $430,420 $4,936 2.82%

Mortgage Assurance lent most frequently to those with incomes in the $100k-150k range, with 610 originations. The second most popular income band? $50k-75k, with 523 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 595 $173,375,000 $291,387 $3,782 2.82%
30-36% 462 $130,330,000 $282,100 $3,661 2.90%
<20% 264 $69,770,000 $264,280 $3,548 2.73%
37% 89 $26,705,000 $300,056 $4,451 2.95%
42% 87 $24,775,000 $284,770 $4,044 2.90%
44% 82 $20,350,000 $248,171 $3,747 2.95%
40% 81 $23,335,000 $288,086 $3,966 2.91%
39% 80 $21,110,000 $263,875 $3,920 2.92%
41% 78 $22,250,000 $285,256 $3,828 2.93%
36% 76 $19,690,000 $259,079 $3,233 2.93%
38% 75 $22,885,000 $305,133 $4,436 2.89%
43% 68 $18,310,000 $269,265 $4,089 2.95%
45% 59 $15,855,000 $268,729 $3,573 2.83%
47% 51 $13,585,000 $266,373 $3,871 2.83%
49% 46 $13,040,000 $283,478 $4,538 2.93%
46% 45 $12,465,000 $277,000 $4,172 2.88%
48% 37 $9,805,000 $265,000 $3,786 2.76%
50-60% 18 $4,310,000 $239,444 $6,155 2.80%

Mortgage Assurance lent most frequently to those with DTI ratios of 20-30%, with 595 originations. The next most common DTI ratio? 30-36%, with 462 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,538 $434,660,000 $282,614 $3,754 2.85%
Not provided 480 $130,130,000 $271,104 $3,526 2.88%
Asian 205 $62,265,000 $303,732 $4,538 2.75%
Black 217 $57,085,000 $263,065 $4,486 2.99%
Native Hawaiian 3 $715,000 $238,333 $5,399 2.96%
Asian Indian 2 $460,000 $230,000 $2,493 2.44%
American Indian 2 $420,000 $210,000 $5,476 3.06%
Korean 1 $225,000 $225,000 $2,270 2.88%

Approval Rates

Total approvals of all applications
98.41%

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 origination
74.45%

Mortgage Assurance has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 2,448 $685,960,000 $280,212

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,448 $685,960,000 $280,212

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 147 $29,545,000 $200,986 $3,084 2.62%
40-60% 522 $131,710,000 $252,318 $3,236 2.69%
60-80% 1,030 $298,900,000 $290,194 $3,905 2.93%
80-100% 587 $180,295,000 $307,147 $4,406 2.96%
Over 100% 3 $855,000 $285,000 $6,143 2.79%
Under 20% 4 $640,000 $160,000 $2,372 2.66%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
MORTGAGE AMERICA, INC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%