Ahl Funding Mortgage Rates, Fees & Info

MADISON, WI

LEI: 254900JZN2V0PWFMW808

Tax ID: 47-3906904

1 stars - out of 5 stars, based on 35 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Ahl Funding is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. Ahl Funding has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Los Angeles, Riverside, San Diego, San Jose, and Miami among others. Ahl Funding has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Ahl Funding is typically a high fee lendor.


Originations

1,191

Origination Dollar Volume (All Markets)

$621,885,000

Relative Rate

Ahl Funding's average 30 year fixed rate mortgage of loans were 3.53%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.38%.

Relative Fees

Ahl Funding's average total fees for a 30 year fixed rate mortgage are $10,646.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 583 $345,455,000 $592,547 $11,145 3.50%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 251 $92,555,000 $368,745 $8,806 3.42%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 83 $44,495,000 $536,084 $9,155 3.37%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 24 $22,660,000 $944,167 $17,095 4.22%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 35 $17,905,000 $511,571 $13,968 4.16%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 23 $17,075,000 $742,391 $14,561 4.06%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 29 $12,325,000 $425,000 $8,445 3.63%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 14 $11,100,000 $792,857 $15,097 3.63%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 9 $5,055,000 $561,667 $10,110 4.20%
BAKERSFIELD, CA (FHA|USDA|VA) 15 $3,945,000 $263,000 $7,276 3.57%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 13 $3,915,000 $301,154 $6,106 3.05%
FRESNO, CA (FHA|USDA|VA) 14 $3,900,000 $278,571 $9,245 3.91%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $3,300,000 $825,000 $13,750 4.56%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 8 $3,210,000 $401,250 $10,281 3.47%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $2,765,000 $553,000 $12,121 3.35%
STOCKTON, CA (FHA|USDA|VA) 6 $2,200,000 $366,667 $12,234 3.08%
SALINAS, CA (FHA|USDA|VA) 2 $2,150,000 $1,075,000 $11,875 3.43%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $1,785,000 $595,000 $20,379 4.63%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $1,750,000 $875,000 $13,638 4.43%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $1,505,000 $501,667 $8,006 2.71%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $1,460,000 $243,333 $9,038 3.33%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $1,315,000 $438,333 $12,986 4.21%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $1,195,000 $1,195,000 $33,388 4.88%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $1,185,000 $395,000 $14,498 4.13%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $1,110,000 $277,500 $8,842 4.31%
YUMA, AZ (FHA|USDA|VA) 2 $1,090,000 $545,000 $7,747 3.19%
OCALA, FL (FHA|USDA|VA) 2 $990,000 $495,000 $19,926 4.19%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $980,000 $490,000 $6,231 3.31%
TUCSON, AZ (FHA|USDA|VA) 3 $915,000 $305,000 $5,084 3.08%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $900,000 $450,000 $10,466 2.81%
VALLEJO, CA (FHA|USDA|VA) 3 $885,000 $295,000 $3,938 3.29%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $870,000 $435,000 $11,020 3.94%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $840,000 $420,000 $5,429 3.00%
Breckenridge, CO (FHA|USDA|VA) 1 $825,000 $825,000 $0 5.63%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $640,000 $320,000 $5,712 3.63%
MADERA, CA (FHA|USDA|VA) 2 $610,000 $305,000 $10,919 3.00%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $605,000 $605,000 $19,169 5.25%
MODESTO, CA (FHA|USDA|VA) 2 $590,000 $295,000 $6,060 2.56%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $545,000 $545,000 $11,124 5.63%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $540,000 $270,000 $10,714 3.50%
VISALIA, CA (FHA|USDA|VA) 2 $480,000 $240,000 $4,767 2.94%
EL CENTRO, CA (FHA|USDA|VA) 2 $480,000 $240,000 $4,139 2.88%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $465,000 $465,000 $15,072 5.50%
COLUMBUS, OH (FHA|USDA|VA) 2 $460,000 $230,000 $10,635 2.94%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $405,000 $405,000 $7,937 3.13%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $395,000 $395,000 $5,988 3.25%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $380,000 $190,000 $4,883 3.00%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $370,000 $185,000 $0 4.25%
MERCED, CA (FHA|USDA|VA) 1 $365,000 $365,000 $8,280 3.13%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $285,000 $285,000 $4,475 3.63%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $255,000 $255,000 $3,124 2.63%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $165,000 $165,000 $7,334 3.63%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $9,041 3.63%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $85,000 $85,000 $2,991 3.00%

Ahl Funding's top markets include Los Angeles, Riverside, San Diego, San Jose, and Miami among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,075 $567,965,000 $528,340 $9,934 3.59%
FHA 86 $38,410,000 $446,628 $16,544 3.16%
VA 30 $15,510,000 $517,000 $10,178 2.72%

For the 2021 period, Ahl Funding's most frequently originated loan type of loans were Conventional, with 1,075 originations. Their 2nd most popular type is FHA, with 86 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 453 $255,785,000 $564,647 $12,577 3.73%
Cash Out Refi 383 $191,295,000 $499,465 $10,225 3.59%
Refi 354 $174,660,000 $493,390 $8,118 3.24%
Home Improvement 1 $145,000 $145,000 $3,948 3.13%

For the 2021, Ahl Funding's most frequently cited loan purpose of loans were Home Purchase, with 453 originations. The 2nd most popular reason of loans were Cash Out Refi, with 383 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,032 $527,850,000 $511,483 $10,646 3.53%
30+ year 73 $65,545,000 $897,877 $22,362 4.64%
15 Year 56 $18,040,000 $322,143 $5,665 2.58%
20 Year 19 $7,055,000 $371,316 $6,300 2.87%
10 Year 7 $1,715,000 $245,000 $5,543 2.52%
Other 4 $1,680,000 $420,000 $7,447 3.15%

For the 2021, Ahl Funding's most frequently cited loan length of loans were 30 Year, with 1,032 originations. The 2nd most popular length of loans were 30+ year, with 73 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$5k+ 537 $316,605,000 $589,581
$2k-3k 346 $150,230,000 $434,191
$3k-4k 139 $45,765,000 $329,245
$1k-2k 18 $7,370,000 $409,444
$<1k 8 $3,640,000 $455,000

$10,646 of loans were Ahl Funding's average total fees, while their most frequently occuring range of origination fees were in the $5k+ bucket, with 537 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 586 $301,200,000 $513,993
2.5-3% 307 $127,585,000 $415,586
4-5% 134 $96,150,000 $717,537
5-6% 82 $62,500,000 $762,195
<2.5% 70 $25,630,000 $366,143
6-7% 11 $8,095,000 $735,909
7-8% 1 $725,000 $725,000

During 2021, Ahl Funding's average interest rate of loans were 3.53%, while their most frequently originated rate bucket of loans were 3-4%, with 586 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$400k-600k 440 $214,100,000 $486,591 $9,376 3.39%
$200k-400k 402 $124,000,000 $308,458 $7,770 3.35%
$600k-1MM 188 $142,700,000 $759,043 $16,526 4.01%
$100k-200k 82 $13,710,000 $167,195 $5,692 3.21%
$1MM+ 76 $127,110,000 $1,672,500 $28,079 4.54%
$100,000 or less 3 $265,000 $88,333 $3,715 2.88%

2021 saw Ahl Funding place emphasis on $400k-600k loans with 440 originations, totaling $214,100,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 270 $127,330,000 $471,593 $10,257 3.27%
$75k-100k 219 $89,315,000 $407,831 $8,548 3.22%
$50k-75k 198 $59,890,000 $302,475 $7,849 3.16%
$150k-250k 167 $94,475,000 $565,719 $11,695 3.55%
$250k+ 126 $133,080,000 $1,056,190 $18,752 4.06%
$50k or less 67 $18,405,000 $274,701 $6,829 3.14%

Ahl Funding lent most frequently to those with incomes in the $100k-150k range, with 270 originations. The second most popular income band? $75k-100k, with 219 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 147 $74,075,000 $503,912 $9,899 3.42%
20-30% 133 $82,455,000 $619,962 $11,984 3.48%
42% 64 $30,660,000 $479,063 $10,457 3.37%
44% 57 $24,835,000 $435,702 $9,874 3.40%
43% 57 $23,275,000 $408,333 $9,274 3.43%
49% 55 $26,065,000 $473,909 $10,877 3.34%
46% 53 $23,635,000 $445,943 $9,133 3.25%
48% 51 $23,185,000 $454,608 $8,956 3.16%
41% 48 $25,510,000 $531,458 $11,708 3.55%
47% 46 $19,660,000 $427,391 $9,179 3.24%
45% 46 $19,250,000 $418,478 $10,223 3.35%
39% 44 $23,520,000 $534,545 $9,767 3.32%
38% 42 $20,170,000 $480,238 $9,325 3.30%
37% 42 $18,930,000 $450,714 $9,401 3.28%
<20% 40 $30,760,000 $769,000 $14,162 3.77%
50-60% 39 $18,985,000 $486,795 $15,364 3.12%
40% 38 $16,780,000 $441,579 $9,888 3.22%
36% 28 $14,100,000 $503,571 $10,795 3.56%
>60% 2 $710,000 $355,000 $8,359 3.31%

Ahl Funding lent most frequently to those with DTI ratios of 30-36%, with 147 originations. The next most common DTI ratio? 20-30%, with 133 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 614 $321,330,000 $523,339 $10,442 3.57%
Not provided 307 $162,055,000 $527,866 $11,267 3.53%
Asian 208 $107,040,000 $514,615 $8,758 3.30%
Black 58 $29,170,000 $502,931 $13,766 4.02%
American Indian 2 $1,020,000 $510,000 $14,314 3.75%
Native Hawaiian 1 $845,000 $845,000 $5,529 3.88%
Chinese 1 $425,000 $425,000 $11,800 3.50%

Approval Rates

Total approvals of all applications
99.00%

Ahl Funding 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
26.96%

Ahl Funding 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 1,191 $621,885,000 $522,154

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,191 $621,885,000 $522,154

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 89 $38,175,000 $428,933 $7,333 3.34%
40-60% 268 $143,140,000 $534,104 $8,890 3.37%
60-80% 490 $254,420,000 $519,224 $9,886 3.63%
80-100% 330 $181,110,000 $548,818 $13,073 3.60%
Over 100% 5 $3,075,000 $615,000 $22,157 2.88%
Under 20% 9 $1,965,000 $218,333 $3,921 2.92%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Alabama Housing Finance Authority FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.7%
Alabama Housing Finance Authority FHA mortgage Incorrect information on your report 1 7.7%
Alabama Housing Finance Authority FHA mortgage Problem with a credit reporting company's investigation into an existing problem 1 7.7%
Alabama Housing Finance Authority FHA mortgage Struggling to pay mortgage 3 23.1%
Alabama Housing Finance Authority FHA mortgage Trouble during payment process 6 46.2%
Alabama Housing Finance Authority Other type of mortgage Struggling to pay mortgage 1 7.7%