Hamilton National Mortgage Company Rates, Fees & Info

Malvern, PA

LEI: 254900JC5NJE89PUOF38

Tax ID: 23-2438194

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Hamilton National Mortgage Company is a smaller mortgage company specializing in Refi 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, New York, Harrisburg, and Houston among others. We have data for 10 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.

    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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    Originations

    32

    Origination Dollar Volume (All Markets)

    $9,750,000

    Awards

    Hamilton National Mortgage Company 30 Year Conventional Loans bronze
    Show all (1) awards

    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) 15 $4,555,000 $303,667 $2,904 3.15%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $1,130,000 $565,000 $2,202 3.38%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 4 $1,110,000 $277,500 $2,315 3.31%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $1,065,000 $355,000 $3,493 3.33%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $470,000 $235,000 $2,299 3.25%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $455,000 $455,000 $1,967 2.88%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $430,000 $215,000 $2,161 3.44%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $205,000 $205,000 $2,785 3.75%
    TYLER, TX (FHA|USDA|VA) 1 $165,000 $165,000 $1,759 3.00%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $165,000 $165,000 $1,405 3.38%
    Hamilton National Mortgage Company's top markets include Philadelphia, Washington, New York, Harrisburg, and Houston among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)

    • 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.

    First Citizens Community Bank
    Similarity Rank: 589
    BHCU
    Similarity Rank: 625
    Prudential Bank
    Similarity Rank: 640
    Unity Bank
    Similarity Rank: 1258
    GLENDENNING MORTGAGE CORPORATION
    Similarity Rank: 1340
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 1585
    FEDERATED LENDING CORPORATION
    Similarity Rank: 1932
    Penn Community Bank
    Similarity Rank: 1950
    Columbia Bank
    Similarity Rank: 1971
    PINNACLE MORTGAGE, INC.
    Similarity Rank: 1978

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 32 $9,750,000 $304,688 $2,642 3.24%

    For 2020, Hamilton National Mortgage Company's most frequently originated type of loan was Conventional, with 32 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 18 $6,060,000 $336,667 $2,602 3.19%
    Cash Out Refi 9 $2,315,000 $257,222 $2,506 3.25%
    Home Purchase 5 $1,375,000 $275,000 $3,030 3.40%

    For 2020, Hamilton National Mortgage Company's most frequently cited loan purpose was Refi, with 18 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 22 $6,930,000 $315,000 $2,697 3.35%
    15 Year 10 $2,820,000 $282,000 $2,520 2.99%

    For 2020, Hamilton National Mortgage Company's most frequently cited loan duration was 30 Year, with 22 originations. The 2nd most popular length was 15 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 32 $9,750,000 $304,688

    Hamilton National Mortgage Company's average total fees were $2,697, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 32 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 22 $6,850,000 $311,364
    2.5-3% 10 $2,900,000 $290,000

    During 2020, Hamilton National Mortgage Company's average interest rate for loans was 3.35%, while their most frequently originated rate bucket for loans was 3-4%, with 22 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 21 $5,965,000 $284,048 $2,745 3.23%
    $100k-200k 5 $835,000 $167,000 $1,845 3.28%
    $400k-600k 5 $2,335,000 $467,000 $3,064 3.20%
    $600k-1MM 1 $615,000 $615,000 $2,340 3.38%

    2020 saw Hamilton National Mortgage Company place emphasis on $200k-400k loans with 21 originations, totaling $5,965,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 9 $3,235,000 $359,444 $2,993 3.18%
    $50k-75k 8 $1,730,000 $216,250 $2,327 3.38%
    $100k-150k 5 $1,625,000 $325,000 $2,411 3.30%
    $75k-100k 5 $1,425,000 $285,000 $2,724 3.28%
    $250k+ 4 $1,570,000 $392,500 $2,834 3.00%
    $50k or less 1 $165,000 $165,000 $1,970 3.13%

    Hamilton National Mortgage Company lent most frequently to those with incomes in the $150k-250k range, with 9 originations. The second most popular income band? $50k-75k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 12 $3,660,000 $305,000 $2,797 3.18%
    <20% 5 $1,725,000 $345,000 $2,934 3.15%
    30-36% 5 $1,675,000 $335,000 $2,459 3.35%
    36% 3 $775,000 $258,333 $2,705 3.33%
    39% 3 $875,000 $291,667 $1,873 3.38%
    40% 2 $610,000 $305,000 $2,840 3.13%
    42% 1 $265,000 $265,000 $2,832 3.63%
    37% 1 $165,000 $165,000 $1,759 3.00%

    Hamilton National Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 12 originations. The next most common DTI ratio? <20%, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 30 $9,020,000 $300,667 $2,667 3.25%
    Asian 2 $730,000 $365,000 $2,267 3.13%

    Approval Rates

    Total approvals of all applications
    96.00%

    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 origination
    -81.25%

    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 32 $9,750,000 $304,688

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 32 $9,750,000 $304,688

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $205,000 $205,000 $1,805 3.38%
    40-60% 9 $2,555,000 $283,889 $2,731 3.10%
    60-80% 15 $5,085,000 $339,000 $2,588 3.29%
    80-100% 7 $1,905,000 $272,143 $2,762 3.29%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    HAMILTON GROUP FUNDING, INC. Conventional home mortgage Trouble during payment process 2 50.0%
    HAMILTON GROUP FUNDING, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    HAMILTON GROUP FUNDING, INC. VA mortgage Closing on a mortgage 1 25.0%