Home Mortgage Alliance Corp Rates, Fees & Info

Santa Ana, CA

LEI: 254900LTD432L5CHIZ48

Tax ID: 46-3331326

1 stars - out of 5 stars, based on 44 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Home Mortgage Alliance Corp is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Home Mortgage Alliance Corp has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, Riverside, Washington, Phoenix, and Urban Honolulu among others. We have data for 130 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Home Mortgage Alliance Corp 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. Home Mortgage Alliance Corp is typically a high 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.87% 10/3/22
    30 Year Conventional Refi 6.49% 10/3/22
    30 Year Cash-out Refi 6.80% 10/3/22
    30 Year FHA Purchase 7.64% 10/3/22
    30 Year FHA Refi 7.20% 10/3/22
    30 Year VA Purchase 6.45% 10/3/22
    30 Year VA Refi 5.89% 10/3/22
    30 Year USDA Refi 6.29% 10/3/22
    15 Year Conventional Purchase 6.35% 10/3/22
    15 Year Conventional Refi 6.27% 10/3/22
    15 Year Cash-out Refi 6.27% 10/3/22
    15 Year FHA Refi 5.96% 10/3/22
    15 Year VA Purchase 5.77% 10/3/22
    15 Year VA Refi 5.96% 10/3/22
    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.


    Originations

    1,972

    Origination Dollar Volume (All Markets)

    $710,250,000

    Awards

    Home Mortgage Alliance Corp VA Loans silver
    Show all (1) awards

    Relative Rate

    Home Mortgage Alliance Corp's average 30 year fixed mortgage rate was 3.13%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.02%.

    Relative Fees (Closing Costs)

    Home Mortgage Alliance Corp's average total fees/closing costs for a 30 year fixed rate mortgage were $8,921.

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

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 480 $225,250,000 $469,271 $9,587 3.05%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 262 $91,820,000 $350,458 $8,594 3.02%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 233 $80,725,000 $346,459 $9,670 3.19%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 197 $55,815,000 $283,325 $8,436 3.26%
    URBAN HONOLULU, HI (FHA|USDA|VA) 68 $32,470,000 $477,500 $7,414 3.02%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 81 $22,315,000 $275,494 $8,229 3.14%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 38 $19,510,000 $513,421 $8,389 3.10%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 38 $15,530,000 $408,684 $6,681 2.74%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 38 $13,780,000 $362,632 $7,132 2.72%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 44 $11,470,000 $260,682 $8,395 3.50%
    RICHMOND, VA (FHA|USDA|VA) 47 $10,375,000 $220,745 $7,490 3.12%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 18 $8,880,000 $493,333 $10,079 2.98%
    Hilo, HI (FHA|USDA|VA) 19 $6,525,000 $343,421 $7,738 3.25%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 13 $6,485,000 $498,846 $7,887 3.01%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 21 $5,595,000 $266,429 $7,427 3.21%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 14 $5,180,000 $370,000 $7,647 3.09%
    BAKERSFIELD, CA (FHA|USDA|VA) 17 $4,825,000 $283,824 $7,918 2.89%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 17 $4,695,000 $276,176 $9,501 3.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 18 $3,980,000 $221,111 $8,075 2.87%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 10 $3,670,000 $367,000 $12,017 3.25%
    Kapaa, HI (FHA|USDA|VA) 11 $3,615,000 $328,636 $6,160 3.15%
    MOBILE, AL (FHA|USDA|VA) 18 $3,470,000 $192,778 $8,160 3.77%
    STOCKTON, CA (FHA|USDA|VA) 9 $3,195,000 $355,000 $6,354 3.14%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 9 $3,065,000 $340,556 $10,038 3.21%
    Outside of Metro Areas 11 $2,965,000 $269,545 $8,103 2.99%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 13 $2,895,000 $222,692 $8,298 3.37%
    FRESNO, CA (FHA|USDA|VA) 11 $2,725,000 $247,727 $7,160 3.17%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 11 $2,695,000 $245,000 $7,119 3.13%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 5 $2,485,000 $497,000 $8,194 2.88%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 11 $2,475,000 $225,000 $8,629 2.66%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 7 $2,385,000 $340,714 $9,267 3.00%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $1,675,000 $558,333 $8,866 3.04%
    OCEAN CITY, NJ (FHA|USDA|VA) 3 $1,615,000 $538,333 $11,417 3.21%
    TUCSON, AZ (FHA|USDA|VA) 6 $1,520,000 $253,333 $7,638 3.23%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 5 $1,465,000 $293,000 $8,520 3.58%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $1,350,000 $337,500 $6,822 2.81%
    VALLEJO, CA (FHA|USDA|VA) 3 $1,315,000 $438,333 $5,520 3.04%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 3 $1,295,000 $431,667 $7,803 2.92%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 3 $1,275,000 $425,000 $13,406 3.04%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $1,230,000 $307,500 $7,132 3.44%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 5 $1,105,000 $221,000 $7,226 2.63%
    SALINAS, CA (FHA|USDA|VA) 3 $1,075,000 $358,333 $4,932 2.71%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 4 $1,010,000 $252,500 $6,624 3.47%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $990,000 $495,000 $12,614 3.38%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $920,000 $460,000 $7,154 2.56%
    NAPA, CA (FHA|USDA|VA) 2 $860,000 $430,000 $6,887 2.94%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 4 $830,000 $207,500 $8,434 3.12%
    Eureka-Arcata, CA (FHA|USDA|VA) 3 $805,000 $268,333 $6,685 2.88%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $765,000 $255,000 $9,504 2.75%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $740,000 $370,000 $4,235 2.56%
    Show Low, AZ (FHA|USDA|VA) 2 $720,000 $360,000 $5,990 3.38%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $705,000 $705,000 $9,118 3.00%
    VISALIA, CA (FHA|USDA|VA) 4 $700,000 $175,000 $6,907 2.99%
    MODESTO, CA (FHA|USDA|VA) 3 $695,000 $231,667 $4,447 3.17%
    BATON ROUGE, LA (FHA|USDA|VA) 3 $695,000 $231,667 $8,318 3.21%
    MADERA, CA (FHA|USDA|VA) 2 $670,000 $335,000 $9,497 2.81%
    MERCED, CA (FHA|USDA|VA) 3 $665,000 $221,667 $5,270 3.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $660,000 $330,000 $18,308 3.54%
    MEDFORD, OR (FHA|USDA|VA) 2 $650,000 $325,000 $19,537 2.66%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $645,000 $215,000 $9,535 2.79%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $640,000 $320,000 $15,248 2.88%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $630,000 $315,000 $12,118 3.19%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 2 $610,000 $305,000 $3,569 2.75%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $570,000 $285,000 $11,472 3.46%
    ALBUQUERQUE, NM (FHA|USDA|VA) 3 $565,000 $188,333 $5,623 2.83%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $560,000 $280,000 $9,006 3.25%
    LAFAYETTE, LA (FHA|USDA|VA) 3 $555,000 $185,000 $5,529 2.83%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $510,000 $255,000 $9,345 3.06%
    REDDING, CA (FHA|USDA|VA) 2 $500,000 $250,000 $4,340 2.70%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $495,000 $495,000 $3,635 2.99%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 3 $485,000 $161,667 $8,755 3.33%
    EL PASO, TX (FHA|USDA|VA) 2 $480,000 $240,000 $6,586 2.50%
    ALBANY, GA (FHA|USDA|VA) 1 $455,000 $455,000 $4,987 2.25%
    LANCASTER, PA (FHA|USDA|VA) 2 $440,000 $220,000 $4,190 2.81%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $420,000 $210,000 $7,268 3.56%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $420,000 $210,000 $7,698 3.94%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $410,000 $205,000 $7,818 3.12%
    CHEYENNE, WY (FHA|USDA|VA) 1 $385,000 $385,000 $3,981 3.38%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $380,000 $190,000 $6,185 3.25%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $380,000 $190,000 $0 2.72%
    Clearlake, CA (FHA|USDA|VA) 1 $375,000 $375,000 $4,376 2.75%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $375,000 $375,000 $8,227 2.50%
    CaƱon City, CO (FHA|USDA|VA) 1 $355,000 $355,000 $16,366 3.13%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $355,000 $355,000 $7,884 3.38%
    Moses Lake, WA (FHA|USDA|VA) 1 $335,000 $335,000 $13,292 3.50%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $320,000 $160,000 $5,096 3.31%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $315,000 $315,000 $10,705 2.45%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $315,000 $315,000 $5,635 3.25%
    OCALA, FL (FHA|USDA|VA) 2 $310,000 $155,000 $6,218 2.65%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $295,000 $295,000 $13,506 3.25%
    Fort Morgan, CO (FHA|USDA|VA) 1 $295,000 $295,000 $6,248 4.50%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $285,000 $285,000 $12,982 2.88%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $270,000 $135,000 $3,234 2.67%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $265,000 $265,000 $6,723 2.50%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $255,000 $255,000 $4,967 3.49%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $255,000 $255,000 $1,746 2.38%
    GREELEY, CO (FHA|USDA|VA) 1 $255,000 $255,000 $3,626 2.63%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $245,000 $245,000 $6,769 3.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $245,000 $245,000 $9,104 2.50%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $245,000 $245,000 $3,447 3.25%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $235,000 $235,000 $12,351 3.25%
    SANTA FE, NM (FHA|USDA|VA) 1 $235,000 $235,000 $13,305 2.88%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $12,195 2.75%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $215,000 $215,000 $6,041 3.25%
    WENATCHEE, WA (FHA|USDA|VA) 1 $215,000 $215,000 $0 2.84%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $215,000 $215,000 $5,916 2.99%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $205,000 $205,000 $8,105 2.87%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $205,000 $205,000 $3,610 2.38%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $205,000 $205,000 $10,788 3.25%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $195,000 $195,000 $7,513 3.13%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $185,000 $185,000 $5,236 2.50%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $185,000 $185,000 $3,487 2.75%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $175,000 $175,000 $7,579 4.00%
    ABILENE, TX (FHA|USDA|VA) 1 $175,000 $175,000 $6,316 3.50%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $175,000 $175,000 $4,245 3.50%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $165,000 $165,000 $4,482 3.15%
    BAY CITY, MI (FHA|USDA|VA) 2 $160,000 $80,000 $5,635 3.25%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.66%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $155,000 $155,000 $6,048 3.75%
    MADISON, WI (FHA|USDA|VA) 1 $145,000 $145,000 $0 2.70%
    ERIE, PA (FHA|USDA|VA) 1 $125,000 $125,000 $8,425 2.88%
    EL CENTRO, CA (FHA|USDA|VA) 1 $125,000 $125,000 $5,567 3.38%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $115,000 $115,000 $5,421 2.88%
    PEORIA, IL (FHA|USDA|VA) 1 $105,000 $105,000 $7,395 2.25%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $105,000 $105,000 $5,765 3.50%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $105,000 $105,000 $4,580 3.38%
    PUEBLO, CO (FHA|USDA|VA) 1 $105,000 $105,000 $0 2.05%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $105,000 $105,000 $3,247 3.13%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $95,000 $95,000 $3,785 3.50%
    GOLDSBORO, NC (FHA|USDA|VA) 1 $75,000 $75,000 $0 2.84%

    Home Mortgage Alliance Corp's top markets include Los Angeles, Riverside, Washington, Phoenix, and Urban Honolulu among others.

    Similar Lenders

    We use machine learning to identify the top lenders compared against Home Mortgage Alliance Corp based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    HONOLULU
    Similarity Rank: 53
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    Similarity Rank: 140
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    Christian Community Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,271 $467,455,000 $367,785 $7,034 3.14%
    FHA 533 $181,745,000 $340,985 $12,781 3.10%
    VA 140 $54,400,000 $388,571 $7,639 2.67%
    FHA 28 $6,650,000 $237,500 $0 2.68%

    For 2021, Home Mortgage Alliance Corp's most frequently originated type of loan was Conventional, with 1,271 originations. Their 2nd most popular type was FHA, with 533 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 768 $287,300,000 $374,089 $10,665 3.26%
    Refi 746 $264,940,000 $355,147 $6,746 2.86%
    Cash Out Refi 457 $157,825,000 $345,350 $8,339 3.20%
    Other 1 $185,000 $185,000 $0 2.59%

    For 2021, Home Mortgage Alliance Corp's most frequently cited loan purpose was Home Purchase, with 768 originations. The 2nd most popular reason was Refi, with 746 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,773 $655,435,000 $369,676 $8,921 3.13%
    15 Year 105 $30,675,000 $292,143 $6,140 2.49%
    Other 44 $11,540,000 $262,273 $6,516 2.77%
    20 Year 37 $11,155,000 $301,486 $6,430 2.89%
    10 Year 13 $1,445,000 $111,154 $2,223 4.37%

    For 2021, Home Mortgage Alliance Corp's most frequently cited loan duration was 30 Year, with 1,773 originations. The 2nd most popular length was 15 Year, with 105 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 661 $251,195,000 $380,023
    $5k+ 645 $267,125,000 $414,147
    $4k-5k 184 $51,860,000 $281,848
    $3k-4k 179 $43,185,000 $241,257
    $1k-2k 167 $54,215,000 $324,641
    $<1k 102 $32,920,000 $322,745

    Home Mortgage Alliance Corp's average total fees were $8,921, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 661 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 911 $323,645,000 $355,263
    2.5-3% 742 $275,320,000 $371,051
    <2.5% 256 $89,900,000 $351,172
    4-5% 54 $20,140,000 $372,963
    5-6% 9 $1,245,000 $138,333

    During 2021, Home Mortgage Alliance Corp's average interest rate for loans was 3.13%, while their most frequently originated rate bucket for loans was 3-4%, with 911 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,022 $305,820,000 $299,237 $8,147 3.07%
    $400k-600k 537 $258,735,000 $481,816 $9,486 3.04%
    $100k-200k 240 $37,940,000 $158,083 $5,933 3.16%
    $600k-1MM 140 $97,740,000 $698,143 $13,721 3.15%
    $100,000 or less 28 $1,900,000 $67,857 $3,750 3.92%
    $1MM+ 5 $8,115,000 $1,623,000 $35,423 3.60%

    2021 saw Home Mortgage Alliance Corp place emphasis on $200k-400k loans with 1,022 originations, totaling $305,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 452 $129,140,000 $285,708 $8,327 3.16%
    $100k-150k 427 $180,325,000 $422,307 $9,626 3.07%
    $75k-100k 398 $143,520,000 $360,603 $9,274 3.13%
    $150k-250k 258 $123,960,000 $480,465 $8,971 3.10%
    $50k or less 220 $45,810,000 $208,227 $6,854 3.14%
    $250k+ 68 $34,730,000 $510,735 $8,811 3.13%

    Home Mortgage Alliance Corp lent most frequently to those with incomes in the $50k-75k range, with 452 originations. The second most popular income band? $100k-150k, with 427 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 254 $89,450,000 $352,165 $7,682 3.08%
    20-30% 205 $71,615,000 $349,341 $7,573 3.05%
    50-60% 187 $68,375,000 $365,642 $12,875 3.08%
    49% 105 $39,085,000 $372,238 $8,600 3.23%
    44% 100 $37,290,000 $372,900 $8,760 3.24%
    43% 89 $32,215,000 $361,966 $8,737 3.17%
    42% 84 $31,070,000 $369,881 $8,644 3.14%
    41% 78 $27,770,000 $356,026 $7,817 3.16%
    47% 76 $30,270,000 $398,289 $8,711 3.25%
    46% 73 $24,885,000 $340,890 $8,778 3.10%
    39% 71 $25,085,000 $353,310 $8,359 3.11%
    37% 70 $22,970,000 $328,143 $7,812 3.11%
    40% 68 $24,820,000 $365,000 $8,562 3.12%
    48% 68 $27,370,000 $402,500 $8,931 3.13%
    45% 64 $24,370,000 $380,781 $9,367 3.19%
    38% 61 $20,435,000 $335,000 $7,495 3.17%
    <20% 55 $19,855,000 $361,000 $6,847 3.01%
    36% 54 $19,460,000 $360,370 $7,878 3.07%
    >60% 4 $1,920,000 $480,000 $7,660 3.47%

    Home Mortgage Alliance Corp lent most frequently to those with DTI ratios of 30-36%, with 254 originations. The next most common DTI ratio? 20-30%, with 205 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,227 $424,965,000 $346,345 $8,887 3.07%
    Asian 276 $121,710,000 $440,978 $7,356 2.99%
    Black 321 $109,695,000 $341,729 $9,644 3.25%
    Not provided 118 $42,640,000 $361,356 $6,944 3.15%
    Native Hawaiian or Islander 13 $5,395,000 $415,000 $7,804 3.27%
    American Indian 10 $3,450,000 $345,000 $7,751 3.33%
    Other Asian 4 $1,350,000 $337,500 $7,063 2.78%
    Filipino 1 $455,000 $455,000 $5,540 3.00%
    Chinese 1 $405,000 $405,000 $11,618 2.63%
    Other Pacific Islander 1 $185,000 $185,000 $8,166 3.88%

    Approval Rates

    Total approvals of all applications
    98.43%

    Home Mortgage Alliance Corp 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
    32.25%

    Home Mortgage Alliance Corp 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
    2305.0 1 $295,000 $295,000
    NA 1,971 $709,955,000 $360,200

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,972 $710,250,000 $360,167

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 95 $24,015,000 $252,789 $5,943 2.86%
    40-60% 328 $112,660,000 $343,476 $6,523 2.93%
    60-80% 661 $251,215,000 $380,053 $7,664 3.14%
    80-100% 865 $316,615,000 $366,029 $10,436 3.13%
    Over 100% 9 $3,305,000 $367,222 $16,743 2.87%
    Under 20% 13 $1,475,000 $113,462 $2,550 4.48%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Home Mortgage Alliance Corp. (HMAC) Conventional home mortgage Closing on a mortgage 1 100.0%