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 Refi and Home Purchase 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 by origination volume include: Atlanta, Raleigh, Charlotte, Greenville, and Miami among others. We have data for 117 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 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.54% | 4/21/24 |
| 30 Year Conventional Refi | 6.41% | 4/21/24 |
| 30 Year Cash-out Refi | 6.69% | 4/21/24 |
| 30 Year FHA Purchase | 7.09% | 4/21/24 |
| 30 Year FHA Refi | 6.94% | 4/21/24 |
| 30 Year VA Purchase | 6.27% | 4/21/24 |
| 30 Year USDA Purchase | 6.69% | 4/21/24 |
| 15 Year Conventional Purchase | 5.93% | 4/21/24 |
| 15 Year Conventional Refi | 5.79% | 4/21/24 |
| 15 Year Cash-out Refi | 5.79% | 4/21/24 |
| 15 Year FHA Refi | 5.68% | 4/21/24 |
| 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. | ||
Mortgage Assurance Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,887Origination Dollar Volume (All Markets)
$781,635,000Awards
Mortgage Assurance - 2020
Mortgage Assurance is a 2020 , due to their low .
For 2020, 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1,648 | $448,160,000 | $271,942 | $3,745 | 3.20% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 143 | $44,825,000 | $313,462 | $2,872 | 3.19% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 112 | $31,080,000 | $277,500 | $4,428 | 3.13% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 90 | $20,310,000 | $225,667 | $3,421 | 3.22% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 69 | $19,715,000 | $285,725 | $6,365 | 3.12% |
| WILMINGTON, NC (FHA|USDA|VA) | 75 | $18,925,000 | $252,333 | $3,194 | 3.15% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 67 | $17,755,000 | $265,000 | $3,514 | 3.26% |
| Outside of Metro Areas | 64 | $17,150,000 | $267,969 | $3,633 | 3.16% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 57 | $16,215,000 | $284,474 | $3,465 | 3.51% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 42 | $14,390,000 | $342,619 | $2,488 | 3.01% |
| GAINESVILLE, GA (FHA|USDA|VA) | 51 | $13,815,000 | $270,882 | $3,388 | 3.16% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 62 | $13,290,000 | $214,355 | $3,554 | 3.43% |
| RICHMOND, VA (FHA|USDA|VA) | 39 | $12,335,000 | $316,282 | $2,439 | 3.04% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 23 | $5,065,000 | $220,217 | $3,521 | 2.98% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 15 | $4,425,000 | $295,000 | $3,878 | 3.18% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 16 | $3,870,000 | $241,875 | $3,406 | 3.03% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 9 | $3,695,000 | $410,556 | $2,622 | 3.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 11 | $3,645,000 | $331,364 | $2,413 | 3.23% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 9 | $3,095,000 | $343,889 | $4,064 | 2.99% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 10 | $2,950,000 | $295,000 | $6,049 | 3.05% |
| Jefferson, GA (FHA|USDA|VA) | 13 | $2,925,000 | $225,000 | $3,277 | 3.22% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 12 | $2,920,000 | $243,333 | $4,286 | 3.04% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 6 | $2,840,000 | $473,333 | $4,310 | 3.58% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 11 | $2,505,000 | $227,727 | $4,647 | 3.09% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 9 | $2,285,000 | $253,889 | $2,484 | 2.92% |
| SPARTANBURG, SC (FHA|USDA|VA) | 11 | $2,095,000 | $190,455 | $4,083 | 3.15% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $1,770,000 | $295,000 | $3,854 | 3.44% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 7 | $1,715,000 | $245,000 | $4,120 | 3.25% |
| ASHEVILLE, NC (FHA|USDA|VA) | 7 | $1,625,000 | $232,143 | $3,693 | 3.23% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 8 | $1,610,000 | $201,250 | $4,579 | 3.14% |
| BOULDER, CO (FHA|USDA|VA) | 5 | $1,605,000 | $321,000 | $2,317 | 3.33% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 6 | $1,550,000 | $258,333 | $4,005 | 3.17% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $2,342 | 3.20% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $3,239 | 3.20% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $1,425,000 | $475,000 | $6,320 | 3.04% |
| DALTON, GA (FHA|USDA|VA) | 4 | $1,380,000 | $345,000 | $4,513 | 3.34% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 6 | $1,070,000 | $178,333 | $3,084 | 3.02% |
| Morehead City, NC (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $3,126 | 3.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $7,983 | 2.81% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $2,932 | 4.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $5,970 | 3.19% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $6,041 | 3.33% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $1,335 | 3.29% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $4,773 | 3.21% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $2,501 | 4.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $7,970 | 2.38% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $2,017 | 3.06% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $5,790 | 3.81% |
| Calhoun, GA (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $3,810 | 3.50% |
| Cornelia, GA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $3,435 | 3.21% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $2,003 | 2.75% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $2,393 | 2.96% |
| Warsaw, IN (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $4,301 | 3.38% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $3,201 | 2.94% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $6,122 | 2.71% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $6,080 | 3.54% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $4,952 | 2.88% |
| ROME, GA (FHA|USDA|VA) | 5 | $595,000 | $119,000 | $3,000 | 3.33% |
| Cullowhee, NC (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $2,557 | 2.63% |
| OCALA, FL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $4,527 | 3.38% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $1,764 | 2.88% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $1,705 | 3.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $3,045 | 2.96% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $1,974 | 3.06% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $9,323 | 3.31% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $1,879 | 3.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,743 | 3.38% |
| BRUNSWICK, GA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $4,998 | 3.06% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $2,449 | 3.06% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $6,967 | 3.63% |
| Cedartown, GA (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $4,310 | 3.63% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 4 | $490,000 | $122,500 | $2,698 | 3.16% |
| Dayton, TN (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $2,884 | 3.42% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $2,700 | 2.94% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,548 | 3.88% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,578 | 3.50% |
| Brevard, NC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $6,245 | 2.88% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,316 | 2.56% |
| Key West, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $9,876 | 3.00% |
| Edwards, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,202 | 3.38% |
| Kendallville, IN (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,067 | 3.38% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,940 | 3.13% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,680 | 4.38% |
| Milledgeville, GA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,675 | 3.38% |
| Concord, NH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,662 | 2.63% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,916 | 2.88% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,259 | 3.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,044 | 3.38% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,060 | 3.63% |
| FORT WAYNE, IN (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $3,511 | 3.25% |
| Laconia, NH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,175 | 3.25% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,557 | 3.56% |
| Crossville, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,975 | 3.25% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,695 | 2.88% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,539 | 3.88% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,325 | 3.00% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $2,490 | 3.19% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,167 | 3.38% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,264 | 2.50% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,465 | 3.50% |
| Somerset, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,939 | 3.13% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,536 | 2.88% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,207 | 3.50% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,776 | 3.25% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,700 | 3.38% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,442 | 3.38% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,727 | 2.38% |
| Cordele, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,331 | 3.25% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,098 | 2.88% |
| Tifton, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,941 | 3.25% |
| Boone, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,418 | 2.38% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,443 | 2.50% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,169 | 3.50% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,872 | 2.38% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $900 | 4.00% |
| Albertville, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,844 | 3.38% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,377 | 4.25% |
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 2020, Mortgage Assurance's most frequently originated type of loan was Conventional, with 2,765 originations. Their 2nd most popular type was FHA, with 87 originations.
Loan Reason
For 2020, Mortgage Assurance's most frequently cited loan purpose was Refi, with 1,750 originations. The 2nd most popular reason was Home Purchase, with 648 originations.
Loan Duration/Length
For 2020, Mortgage Assurance's most frequently cited loan duration was 30 Year, with 2,143 originations. The 2nd most popular length was 15 Year, with 413 originations.
Origination Fees/Closing Costs
Mortgage Assurance's average total fees were $3,850, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,786 originations.
Interest Rates
During 2020, Mortgage Assurance's average interest rate for loans was 3.29%, while their most frequently originated rate bucket for loans was 3-4%, with 1,497 originations.
Loan Sizing
2020 saw Mortgage Assurance place emphasis on $200k-400k loans with 1,710 originations, totaling $482,440,000 in origination value.
Applicant Income
Mortgage Assurance lent most frequently to those with incomes in the $100k-150k range, with 841 originations. The second most popular income band? $50k-75k, with 552 originations.
Applicant Debt to Income Ratio
Mortgage Assurance lent most frequently to those with DTI ratios of 20-30%, with 803 originations. The next most common DTI ratio? 30-36%, with 543 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.26%
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 origination75.13%
Mortgage Assurance has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,887 | $781,635,000 | $270,743 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 2,887 | $781,635,000 | $270,743 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MORTGAGE CENTER, LC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 40.0% |
| MORTGAGE CENTER, LC | Conventional home mortgage | Trouble during payment process | 1 | 20.0% |
| MORTGAGE CENTER, LC | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 20.0% |
| MORTGAGE CENTER, LC | Conventional home mortgage | Closing on a mortgage | 1 | 20.0% |