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, 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 by origination volume include: Atlanta, Raleigh, Charleston, Charlotte, and Miami among others. We have data for 108 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. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,448Origination Dollar Volume (All Markets)
$685,960,000Awards
Mortgage Assurance - 2021
Mortgage Assurance is a 2021 , due to their low .
For 2021, 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) | 1,512 | $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% |
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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. 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 2021, Mortgage Assurance's most frequently originated type of loan was Conventional, with 2,383 originations. Their 2nd most popular type was FHA, with 58 originations.
Loan Reason
For 2021, Mortgage Assurance's most frequently cited loan purpose was Refi, with 1,144 originations. The 2nd most popular reason was Home Purchase, with 713 originations.
Loan Duration/Length
For 2021, Mortgage Assurance's most frequently cited loan duration was 30 Year, with 1,828 originations. The 2nd most popular length was 15 Year, with 352 originations.
Origination Fees/Closing Costs
Mortgage Assurance's average total fees were $4,003, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.98%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,354 originations.
Loan Sizing
2021 saw Mortgage Assurance place emphasis on $200k-400k loans with 1,301 originations, totaling $367,465,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications98.57%
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 origination81.86%
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 |
LTV Distribution
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% |