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 and Cash Out Refi 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, Charleston, Charlotte, Washington, and Greenville among others. We have data for 78 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.54% | 4/28/24 |
| 30 Year Conventional Refi | 6.41% | 4/28/24 |
| 30 Year Cash-out Refi | 6.69% | 4/28/24 |
| 30 Year FHA Purchase | 7.09% | 4/28/24 |
| 30 Year FHA Refi | 6.94% | 4/28/24 |
| 30 Year VA Purchase | 6.27% | 4/28/24 |
| 30 Year USDA Purchase | 6.69% | 4/28/24 |
| 15 Year Conventional Purchase | 5.93% | 4/28/24 |
| 15 Year Conventional Refi | 5.79% | 4/28/24 |
| 15 Year Cash-out Refi | 5.79% | 4/28/24 |
| 15 Year FHA Refi | 5.68% | 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. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
808Origination Dollar Volume (All Markets)
$263,220,000Awards
Mortgage Assurance - 2022
Mortgage Assurance 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 428 | $147,490,000 | $344,603 | $5,987 | 4.52% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 32 | $10,200,000 | $318,750 | $5,943 | 4.29% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 23 | $8,395,000 | $365,000 | $5,694 | 4.26% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 16 | $6,940,000 | $433,750 | $7,781 | 5.20% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 28 | $6,930,000 | $247,500 | $4,848 | 4.52% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 15 | $6,755,000 | $450,333 | $5,025 | 4.32% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 23 | $5,095,000 | $221,522 | $5,292 | 4.86% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 17 | $4,715,000 | $277,353 | $5,060 | 4.46% |
| WILMINGTON, NC (FHA|USDA|VA) | 12 | $4,460,000 | $371,667 | $4,209 | 4.56% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 11 | $4,185,000 | $380,455 | $4,142 | 5.48% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 12 | $3,870,000 | $322,500 | $6,094 | 3.88% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 16 | $3,800,000 | $237,500 | $4,045 | 3.99% |
| RICHMOND, VA (FHA|USDA|VA) | 11 | $3,305,000 | $300,455 | $3,756 | 4.20% |
| GAINESVILLE, GA (FHA|USDA|VA) | 10 | $3,140,000 | $314,000 | $6,183 | 4.59% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 9 | $2,895,000 | $321,667 | $5,122 | 3.89% |
| Outside of Metro Areas | 9 | $2,385,000 | $265,000 | $5,221 | 3.81% |
| Jefferson, GA (FHA|USDA|VA) | 7 | $2,265,000 | $323,571 | $9,147 | 4.54% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 7 | $1,825,000 | $260,714 | $3,728 | 4.89% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 6 | $1,820,000 | $303,333 | $5,028 | 3.94% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $1,565,000 | $521,667 | $8,518 | 5.46% |
| SPARTANBURG, SC (FHA|USDA|VA) | 6 | $1,450,000 | $241,667 | $6,992 | 4.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,445,000 | $481,667 | $2,643 | 3.83% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 4 | $1,360,000 | $340,000 | $4,456 | 4.88% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $3,082 | 4.75% |
| FORT WAYNE, IN (FHA|USDA|VA) | 7 | $1,125,000 | $160,714 | $3,423 | 4.70% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $6,387 | 3.63% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $4,051 | 4.75% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $5,593 | 5.56% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 5 | $945,000 | $189,000 | $2,480 | 4.73% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $7,504 | 4.94% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $4,203 | 4.83% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $5,775 | 5.63% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $9,270 | 3.81% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $7,847 | 4.96% |
| Warsaw, IN (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $3,355 | 4.75% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $4,499 | 3.94% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $6,038 | 5.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $4,876 | 3.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $9,290 | 3.38% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $5,702 | 4.21% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $4,611 | 4.81% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $7,782 | 5.25% |
| Calhoun, GA (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $3,922 | 3.38% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $4,872 | 4.75% |
| Cornelia, GA (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $4,026 | 4.38% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $13,314 | 5.88% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $6,002 | 5.13% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,179 | 4.50% |
| ROME, GA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,823 | 5.56% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,206 | 3.25% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,658 | 4.38% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $10,253 | 2.25% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,106 | 4.63% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,944 | 5.75% |
| Jesup, GA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,980 | 5.25% |
| DALTON, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $10,884 | 5.25% |
| Sanford, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,713 | 4.13% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,233 | 5.13% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,713 | 4.13% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,733 | 5.38% |
| Laconia, NH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,062 | 6.63% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,051 | 3.63% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,874 | 4.38% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,989 | 5.63% |
| Concord, NH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,223 | 3.63% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,462 | 2.75% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,793 | 5.13% |
| Berlin, NH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,491 | 2.38% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,061 | 5.63% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,262 | 4.13% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,333 | 5.13% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,501 | 6.50% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,145 | 3.13% |
| Summerville, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,342 | 4.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,711 | 4.00% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,413 | 4.88% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,190 | 5.63% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $5,563 | 6.13% |
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 | 744 | $245,540,000 | $330,027 | $5,371 | 4.53% |
| FHA | 59 | $16,675,000 | $282,627 | $9,136 | 4.27% |
| USDA | 5 | $1,005,000 | $201,000 | $6,476 | 4.18% |
For 2022, Mortgage Assurance's most frequently originated type of loan was Conventional, with 744 originations. Their 2nd most popular type was FHA, with 59 originations.
Loan Reason
For 2022, Mortgage Assurance's most frequently cited loan purpose was Home Purchase, with 532 originations. The 2nd most popular reason was Cash Out Refi, with 187 originations.
Loan Duration/Length
For 2022, Mortgage Assurance's most frequently cited loan duration was 30 Year, with 711 originations. The 2nd most popular length was 15 Year, with 60 originations.
Origination Fees/Closing Costs
Mortgage Assurance's average total fees were $5,823, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 271 originations.
Interest Rates
During 2022, Mortgage Assurance's average interest rate for loans was 4.65%, while their most frequently originated rate bucket for loans was 3-4%, with 261 originations.
Loan Sizing
2022 saw Mortgage Assurance place emphasis on $200k-400k loans with 429 originations, totaling $125,285,000 in origination value.
Applicant Income
Mortgage Assurance lent most frequently to those with incomes in the $100k-150k range, with 209 originations. The second most popular income band? $75k-100k, with 168 originations.
Applicant Debt to Income Ratio
Mortgage Assurance lent most frequently to those with DTI ratios of 20-30%, with 160 originations. The next most common DTI ratio? 30-36%, with 148 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.47%
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 origination64.98%
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 | 808 | $263,220,000 | $325,767 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Mortgage Research Center, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| Mortgage Research Center, LLC | VA mortgage | Trouble during payment process | 1 | 50.0% |