Hamilton National Mortgage Company Rates, Fees & Info
Malvern, PALEI: 254900JC5NJE89PUOF38
Tax ID: 23-2438194
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Mortgage Data
Review & Overview
Hamilton National Mortgage Company is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Hamilton National Mortgage Company has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Washington, Pittsburgh, New York, and Baltimore among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)Hamilton National Mortgage Company 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. Hamilton National Mortgage Company 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.
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Originations
97Origination Dollar Volume (All Markets)
$28,415,000Awards
Hamilton National Mortgage Company - 2019
Hamilton National Mortgage Company is a 2019 , due to their low .
For 2019, 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 35 | $9,885,000 | $282,429 | $2,928 | 3.63% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 10 | $2,950,000 | $295,000 | $2,031 | 3.78% |
| PITTSBURGH, PA (FHA|USDA|VA) | 9 | $2,615,000 | $290,556 | $3,302 | 3.47% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 9 | $2,525,000 | $280,556 | $3,130 | 3.71% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 7 | $2,425,000 | $346,429 | $2,054 | 3.82% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $1,550,000 | $258,333 | $2,920 | 3.50% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $1,505,000 | $301,000 | $3,065 | 3.58% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $4,005 | 3.88% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $3,187 | 3.38% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $3,508 | 3.56% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $4,038 | 3.56% |
| Somerset, PA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,756 | 3.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,132 | 3.44% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $1,869 | 3.75% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,714 | 3.75% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,445 | 3.75% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,994 | 3.25% |
| Danville, VA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,845 | 3.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against Hamilton National Mortgage Company 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 | 97 | $28,415,000 | $292,938 | $2,889 | 3.64% |
For 2019, Hamilton National Mortgage Company's most frequently originated type of loan was Conventional, with 97 originations.
Loan Reason
For 2019, Hamilton National Mortgage Company's most frequently cited loan purpose was Refi, with 45 originations. The 2nd most popular reason was Home Purchase, with 29 originations.
Loan Duration/Length
For 2019, Hamilton National Mortgage Company's most frequently cited loan duration was 30 Year, with 73 originations. The 2nd most popular length was 15 Year, with 23 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 88 | $24,950,000 | $283,523 |
| $1k-2k | 5 | $2,045,000 | $409,000 |
| $3k-4k | 2 | $810,000 | $405,000 |
| $2k-3k | 1 | $415,000 | $415,000 |
Hamilton National Mortgage Company's average total fees were $2,981, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 88 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 82 | $24,090,000 | $293,780 |
| 4-5% | 10 | $2,590,000 | $259,000 |
| 2.5-3% | 5 | $1,735,000 | $347,000 |
During 2019, Hamilton National Mortgage Company's average interest rate for loans was 3.76%, while their most frequently originated rate bucket for loans was 3-4%, with 82 originations.
Loan Sizing
2019 saw Hamilton National Mortgage Company place emphasis on $200k-400k loans with 68 originations, totaling $19,290,000 in origination value.
Applicant Income
Hamilton National Mortgage Company lent most frequently to those with incomes in the $100k-150k range, with 36 originations. The second most popular income band? $150k-250k, with 32 originations.
Applicant Debt to Income Ratio
Hamilton National Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 36 originations. The next most common DTI ratio? 30-36%, with 21 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.77%
Hamilton National Mortgage Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination38.14%
Hamilton National Mortgage Company 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 | 97 | $28,415,000 | $292,938 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 97 | $28,415,000 | $292,938 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| HAMILTON GROUP FUNDING, INC. | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |