Strong Home Mortgage Rates, Fees & Info

Richmond, VA

LEI: 254900O28OG3UMHXQY81

Tax ID: 82-2650124

5 stars - Updated: 11/30/23 - out of 5 stars, based on 57 reviews

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

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Mortgage Data

Review & Overview

Strong Home Mortgage is a small mortgage company specializing in Cash Out Refi and Home Purchase loans. Strong Home Mortgage has a high proportion of conventional 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: Washington, Dallas, Phoenix, Seattle, and Los Angeles among others. We have data for 288 markets. (Some data included below & more in-depth data is available with an active subscription.)

Strong Home Mortgage 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. Strong Home Mortgage 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.

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 6.36% 11/30/23
30 Year Conventional Refi 6.31% 11/30/23
30 Year Cash-out Refi 6.49% 11/30/23
30 Year FHA Purchase 6.77% 11/30/23
30 Year FHA Refi 6.70% 11/30/23
30 Year VA Purchase 5.77% 11/30/23
30 Year VA Refi 5.53% 11/30/23
15 Year Conventional Purchase 6.04% 11/30/23
15 Year Conventional Refi 5.80% 11/30/23
15 Year Cash-out Refi 5.80% 11/30/23
15 Year VA Purchase 5.74% 11/30/23
15 Year VA Refi 5.68% 11/30/23
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.

Strong Home Mortgage Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Strong Home Mortgage. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

3,199

Origination Dollar Volume (All Markets)

$1,235,505,000
Show all (166) awards

Relative Rate

Strong Home Mortgage's average 30 year fixed mortgage rate was 4.04%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.72%.

Relative Fees (Closing Costs)

Strong Home Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $5,227.

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
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 242 $119,750,000 $494,835 $5,526 4.01%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 169 $62,955,000 $372,515 $4,712 4.02%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 154 $53,670,000 $348,506 $4,421 4.04%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 121 $53,655,000 $443,430 $4,724 3.99%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 97 $50,045,000 $515,928 $4,981 3.85%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 111 $42,775,000 $385,360 $5,451 4.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 78 $31,820,000 $407,949 $4,427 3.64%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 92 $31,240,000 $339,565 $5,374 4.15%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 63 $30,925,000 $490,873 $4,750 3.45%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 80 $26,850,000 $335,625 $4,891 4.14%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 69 $26,125,000 $378,623 $5,242 3.85%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 60 $25,070,000 $417,833 $4,249 3.76%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 59 $24,755,000 $419,576 $5,236 4.10%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 57 $24,325,000 $426,754 $4,967 3.52%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 50 $24,170,000 $483,400 $5,096 3.52%
Outside of Metro Areas 66 $22,190,000 $336,212 $4,851 3.90%
JACKSONVILLE, FL (FHA|USDA|VA) 64 $20,730,000 $323,906 $4,488 3.89%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 45 $19,445,000 $432,111 $6,496 3.97%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 44 $19,440,000 $441,818 $5,122 3.74%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 54 $18,820,000 $348,519 $4,562 3.88%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 49 $16,755,000 $341,939 $4,450 3.76%
RALEIGH-CARY, NC (FHA|USDA|VA) 46 $16,280,000 $353,913 $3,495 3.85%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 40 $15,980,000 $399,500 $6,484 4.10%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 44 $15,180,000 $345,000 $5,005 4.04%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 28 $12,320,000 $440,000 $4,486 4.06%
SALT LAKE CITY, UT (FHA|USDA|VA) 29 $12,165,000 $419,483 $4,469 3.93%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 35 $12,075,000 $345,000 $5,946 4.32%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 33 $11,285,000 $341,970 $5,185 4.15%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 26 $9,350,000 $359,615 $4,634 3.94%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 28 $8,980,000 $320,714 $2,823 3.88%
RICHMOND, VA (FHA|USDA|VA) 19 $7,705,000 $405,526 $4,618 4.10%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 21 $7,525,000 $358,333 $4,633 4.43%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 15 $7,305,000 $487,000 $5,272 3.33%
FRESNO, CA (FHA|USDA|VA) 21 $6,925,000 $329,762 $4,978 3.62%
COLORADO SPRINGS, CO (FHA|USDA|VA) 16 $6,880,000 $430,000 $6,273 3.75%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 14 $6,570,000 $469,286 $2,868 3.75%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 16 $6,090,000 $380,625 $5,626 4.61%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 18 $6,000,000 $333,333 $4,743 3.84%
ALBUQUERQUE, NM (FHA|USDA|VA) 18 $5,930,000 $329,444 $3,997 3.50%
TUCSON, AZ (FHA|USDA|VA) 20 $5,890,000 $294,500 $5,788 3.89%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 16 $5,790,000 $361,875 $4,027 3.49%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 17 $5,605,000 $329,706 $4,221 4.29%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 16 $5,460,000 $341,250 $6,671 4.45%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 14 $5,000,000 $357,143 $3,099 3.91%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 12 $4,940,000 $411,667 $3,230 4.14%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 13 $4,685,000 $360,385 $5,302 4.13%
PROVO-OREM, UT (FHA|USDA|VA) 9 $4,655,000 $517,222 $3,068 3.96%
BAKERSFIELD, CA (FHA|USDA|VA) 15 $4,655,000 $310,333 $5,005 3.81%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 12 $4,650,000 $387,500 $5,520 3.94%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 11 $4,635,000 $421,364 $3,183 3.56%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 15 $4,425,000 $295,000 $5,026 4.19%
ASHEVILLE, NC (FHA|USDA|VA) 14 $4,320,000 $308,571 $4,462 4.31%
BELLINGHAM, WA (FHA|USDA|VA) 10 $4,310,000 $431,000 $5,350 3.40%
WILMINGTON, NC (FHA|USDA|VA) 12 $4,120,000 $343,333 $3,313 3.81%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 12 $4,090,000 $340,833 $3,616 3.67%
ST. GEORGE, UT (FHA|USDA|VA) 9 $4,005,000 $445,000 $4,057 4.10%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 10 $3,870,000 $387,000 $5,404 3.74%
BOULDER, CO (FHA|USDA|VA) 6 $3,690,000 $615,000 $2,542 3.77%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 8 $3,550,000 $443,750 $3,343 4.72%
PORT ST. LUCIE, FL (FHA|USDA|VA) 10 $3,490,000 $349,000 $5,734 3.70%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 11 $3,465,000 $315,000 $3,059 3.87%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 9 $3,375,000 $375,000 $4,356 3.64%
SPARTANBURG, SC (FHA|USDA|VA) 8 $3,090,000 $386,250 $2,933 4.42%
PUNTA GORDA, FL (FHA|USDA|VA) 7 $3,065,000 $437,857 $5,073 4.03%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 9 $3,045,000 $338,333 $7,503 3.79%
STOCKTON, CA (FHA|USDA|VA) 7 $3,015,000 $430,714 $1,742 3.89%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 6 $3,000,000 $500,000 $8,846 3.46%
Hilo, HI (FHA|USDA|VA) 5 $2,985,000 $597,000 $3,701 3.25%
SALINAS, CA (FHA|USDA|VA) 7 $2,955,000 $422,143 $1,347 3.30%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 12 $2,950,000 $245,833 $5,652 3.72%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 7 $2,905,000 $415,000 $4,465 4.32%
MODESTO, CA (FHA|USDA|VA) 8 $2,860,000 $357,500 $5,671 3.92%
BEND, OR (FHA|USDA|VA) 6 $2,840,000 $473,333 $4,009 3.25%
VALLEJO, CA (FHA|USDA|VA) 6 $2,820,000 $470,000 $10,025 4.21%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 10 $2,820,000 $282,000 $3,104 4.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 6 $2,800,000 $466,667 $4,740 5.01%
KNOXVILLE, TN (FHA|USDA|VA) 8 $2,790,000 $348,750 $6,562 3.97%
BOISE CITY, ID (FHA|USDA|VA) 9 $2,705,000 $300,556 $4,011 4.07%
FAYETTEVILLE, NC (FHA|USDA|VA) 8 $2,640,000 $330,000 $5,579 4.72%
SANTA FE, NM (FHA|USDA|VA) 6 $2,610,000 $435,000 $4,658 4.12%
GREELEY, CO (FHA|USDA|VA) 5 $2,545,000 $509,000 $8,460 3.85%
COLUMBIA, SC (FHA|USDA|VA) 8 $2,430,000 $303,750 $8,970 4.75%
COLUMBUS, OH (FHA|USDA|VA) 8 $2,410,000 $301,250 $11,322 4.17%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 5 $2,375,000 $475,000 $4,200 4.40%
PITTSBURGH, PA (FHA|USDA|VA) 8 $2,300,000 $287,500 $4,260 3.48%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 5 $2,285,000 $457,000 $6,044 4.32%
URBAN HONOLULU, HI (FHA|USDA|VA) 4 $2,230,000 $557,500 $7,315 3.15%
Moses Lake, WA (FHA|USDA|VA) 4 $2,170,000 $542,500 $2,684 3.53%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 6 $2,140,000 $356,667 $4,961 3.63%
HUNTSVILLE, AL (FHA|USDA|VA) 7 $2,125,000 $303,571 $5,038 3.82%
Key West, FL (FHA|USDA|VA) 4 $2,110,000 $527,500 $5,859 3.43%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 5 $2,045,000 $409,000 $7,692 5.50%
FORT COLLINS, CO (FHA|USDA|VA) 6 $2,020,000 $336,667 $3,886 3.39%
PANAMA CITY, FL (FHA|USDA|VA) 6 $1,980,000 $330,000 $5,673 4.33%
TULSA, OK (FHA|USDA|VA) 6 $1,930,000 $321,667 $5,328 4.69%
MERCED, CA (FHA|USDA|VA) 6 $1,890,000 $315,000 $3,042 3.44%
ROANOKE, VA (FHA|USDA|VA) 4 $1,880,000 $470,000 $6,101 3.53%
OKLAHOMA CITY, OK (FHA|USDA|VA) 9 $1,845,000 $205,000 $6,568 4.00%
Athens, TX (FHA|USDA|VA) 4 $1,830,000 $457,500 $17,129 3.97%
SHERMAN-DENISON, TX (FHA|USDA|VA) 5 $1,825,000 $365,000 $5,548 4.05%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 6 $1,800,000 $300,000 $7,816 4.02%
REDDING, CA (FHA|USDA|VA) 5 $1,765,000 $353,000 $3,475 4.00%
LONGVIEW, WA (FHA|USDA|VA) 4 $1,750,000 $437,500 $8,007 4.19%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $1,700,000 $425,000 $5,836 4.40%
Show Low, AZ (FHA|USDA|VA) 5 $1,685,000 $337,000 $3,157 4.55%
WINCHESTER, VA-WV (FHA|USDA|VA) 5 $1,675,000 $335,000 $3,939 4.40%
MEDFORD, OR (FHA|USDA|VA) 5 $1,605,000 $321,000 $5,307 4.20%
ANCHORAGE, AK (FHA|USDA|VA) 4 $1,600,000 $400,000 $5,364 3.44%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 7 $1,595,000 $227,857 $1,709 4.00%
LOUISVILLE, KY (FHA|USDA|VA) 5 $1,575,000 $315,000 $5,832 3.85%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 4 $1,560,000 $390,000 $3,511 5.22%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 6 $1,540,000 $256,667 $3,815 4.12%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 4 $1,520,000 $380,000 $9,514 4.84%
NAPA, CA (FHA|USDA|VA) 3 $1,505,000 $501,667 $3,708 3.83%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $1,430,000 $357,500 $1,680 3.94%
HARRISONBURG, VA (FHA|USDA|VA) 4 $1,420,000 $355,000 $5,788 5.75%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 5 $1,405,000 $281,000 $3,781 3.32%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 3 $1,375,000 $458,333 $6,456 5.04%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 7 $1,365,000 $195,000 $2,848 3.43%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 4 $1,340,000 $335,000 $2,203 3.91%
SALEM, OR (FHA|USDA|VA) 4 $1,330,000 $332,500 $6,084 3.47%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 5 $1,295,000 $259,000 $1,934 3.70%
LONGVIEW, TX (FHA|USDA|VA) 3 $1,255,000 $418,333 $5,240 4.54%
YAKIMA, WA (FHA|USDA|VA) 3 $1,205,000 $401,667 $10,817 4.33%
JACKSONVILLE, NC (FHA|USDA|VA) 3 $1,195,000 $398,333 $3,595 3.25%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 4 $1,190,000 $297,500 $7,444 3.84%
VISALIA, CA (FHA|USDA|VA) 5 $1,185,000 $237,000 $2,681 4.35%
SALISBURY, MD-DE (FHA|USDA|VA) 2 $1,180,000 $590,000 $5,477 4.75%
WINSTON-SALEM, NC (FHA|USDA|VA) 5 $1,175,000 $235,000 $6,524 2.90%
YUBA CITY, CA (FHA|USDA|VA) 5 $1,175,000 $235,000 $1,987 4.08%
CHICO, CA (FHA|USDA|VA) 2 $1,160,000 $580,000 $3,674 4.44%
KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $1,150,000 $287,500 $2,456 3.81%
Kapaa, HI (FHA|USDA|VA) 2 $1,140,000 $570,000 $4,296 3.06%
Shelton, WA (FHA|USDA|VA) 3 $1,125,000 $375,000 $3,513 3.21%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 4 $1,120,000 $280,000 $3,507 3.97%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 5 $1,115,000 $223,000 $5,950 4.85%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $1,100,000 $550,000 $6,799 3.31%
THE VILLAGES, FL (FHA|USDA|VA) 3 $1,095,000 $365,000 $2,329 4.25%
CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $1,075,000 $358,333 $2,808 3.37%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 4 $1,070,000 $267,500 $4,780 4.16%
Aberdeen, WA (FHA|USDA|VA) 3 $1,015,000 $338,333 $7,505 3.79%
WENATCHEE, WA (FHA|USDA|VA) 2 $990,000 $495,000 $3,895 3.37%
Ellensburg, WA (FHA|USDA|VA) 1 $985,000 $985,000 $55,716 2.88%
SUMTER, SC (FHA|USDA|VA) 3 $965,000 $321,667 $6,705 4.25%
FLAGSTAFF, AZ (FHA|USDA|VA) 2 $930,000 $465,000 $2,687 4.13%
Georgetown, SC (FHA|USDA|VA) 2 $910,000 $455,000 $7,237 3.19%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 3 $905,000 $301,667 $2,078 3.04%
Sevierville, TN (FHA|USDA|VA) 2 $880,000 $440,000 $2,100 3.31%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $865,000 $865,000 $525 4.38%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $860,000 $430,000 $5,128 4.25%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $830,000 $415,000 $8,715 3.69%
Morehead City, NC (FHA|USDA|VA) 2 $830,000 $415,000 $11,957 3.25%
GRAND JUNCTION, CO (FHA|USDA|VA) 2 $830,000 $415,000 $6,177 3.81%
TALLAHASSEE, FL (FHA|USDA|VA) 4 $830,000 $207,500 $4,316 3.47%
STAUNTON, VA (FHA|USDA|VA) 4 $830,000 $207,500 $5,732 4.25%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $820,000 $410,000 $11,720 2.63%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 3 $815,000 $271,667 $6,911 4.21%
MADERA, CA (FHA|USDA|VA) 2 $810,000 $405,000 $229 3.38%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 3 $785,000 $261,667 $5,902 4.04%
TYLER, TX (FHA|USDA|VA) 3 $775,000 $258,333 $6,320 4.46%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $765,000 $765,000 $12,596 2.49%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 3 $755,000 $251,667 $5,003 2.91%
DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $745,000 $248,333 $2,431 3.83%
LUBBOCK, TX (FHA|USDA|VA) 3 $735,000 $245,000 $4,137 3.54%
EL PASO, TX (FHA|USDA|VA) 2 $720,000 $360,000 $2,807 3.06%
GAINESVILLE, FL (FHA|USDA|VA) 3 $705,000 $235,000 $3,629 4.91%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $700,000 $350,000 $4,440 4.62%
AKRON, OH (FHA|USDA|VA) 2 $700,000 $350,000 $7,118 2.56%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 3 $695,000 $231,667 $7,022 3.88%
ABILENE, TX (FHA|USDA|VA) 5 $685,000 $137,000 $2,339 4.40%
CLEVELAND, TN (FHA|USDA|VA) 1 $675,000 $675,000 $2,683 4.25%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 1 $665,000 $665,000 $894 2.99%
YUMA, AZ (FHA|USDA|VA) 2 $660,000 $330,000 $3,039 3.81%
ANN ARBOR, MI (FHA|USDA|VA) 1 $645,000 $645,000 $1,896 2.88%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $640,000 $320,000 $5,568 3.19%
Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $640,000 $320,000 $1,892 3.37%
Heber, UT (FHA|USDA|VA) 2 $620,000 $310,000 $3,990 2.75%
Seneca, SC (FHA|USDA|VA) 1 $605,000 $605,000 $3,233 2.75%
LANCASTER, PA (FHA|USDA|VA) 2 $600,000 $300,000 $4,525 2.75%
Outside of Metro Areas 1 $595,000 $595,000 $1,328 3.25%
Traverse City, MI (FHA|USDA|VA) 1 $565,000 $565,000 $2,236 3.25%
READING, PA (FHA|USDA|VA) 2 $560,000 $280,000 $3,427 4.94%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $560,000 $280,000 $11,316 3.31%
Brainerd, MN (FHA|USDA|VA) 2 $560,000 $280,000 $4,882 4.31%
Silver City, NM (FHA|USDA|VA) 2 $550,000 $275,000 $3,409 2.88%
Gainesville, TX (FHA|USDA|VA) 1 $545,000 $545,000 $1,388 3.38%
PUEBLO, CO (FHA|USDA|VA) 2 $540,000 $270,000 $1,687 2.75%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 2 $540,000 $270,000 $8,528 4.69%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $535,000 $535,000 $13,795 4.25%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $530,000 $265,000 $6,329 6.37%
Port Angeles, WA (FHA|USDA|VA) 1 $525,000 $525,000 $14,272 3.75%
DOVER, DE (FHA|USDA|VA) 2 $520,000 $260,000 $7,614 4.68%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 2 $520,000 $260,000 $2,086 4.19%
Brenham, TX (FHA|USDA|VA) 1 $505,000 $505,000 $20,470 3.50%
Steamboat Springs, CO (FHA|USDA|VA) 1 $495,000 $495,000 $12,951 3.75%
TWIN FALLS, ID (FHA|USDA|VA) 1 $495,000 $495,000 $4,839 2.63%
FAIRBANKS, AK (FHA|USDA|VA) 2 $480,000 $240,000 $8,497 4.25%
JOHNSON CITY, TN (FHA|USDA|VA) 2 $460,000 $230,000 $7,412 3.50%
LAREDO, TX (FHA|USDA|VA) 2 $460,000 $230,000 $6,197 3.06%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $420,000 $210,000 $3,638 5.00%
Lake City, FL (FHA|USDA|VA) 1 $415,000 $415,000 $10,827 5.63%
Clovis, NM (FHA|USDA|VA) 1 $405,000 $405,000 $6,968 4.25%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $405,000 $405,000 $3,491 5.63%
OCALA, FL (FHA|USDA|VA) 2 $400,000 $200,000 $2,884 3.81%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $395,000 $395,000 $2,525 3.25%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $385,000 $385,000 $5,139 4.25%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $375,000 $375,000 $14,552 2.75%
Centralia, WA (FHA|USDA|VA) 1 $365,000 $365,000 $2,209 4.75%
AMARILLO, TX (FHA|USDA|VA) 1 $365,000 $365,000 $11,122 2.25%
WALLA WALLA, WA (FHA|USDA|VA) 1 $365,000 $365,000 $16,575 3.25%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $365,000 $365,000 $3,194 2.25%
Lufkin, TX (FHA|USDA|VA) 1 $365,000 $365,000 $9,316 5.75%
FLORENCE, SC (FHA|USDA|VA) 1 $355,000 $355,000 $1,484 2.50%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $355,000 $355,000 $6,995 4.50%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $355,000 $355,000 $6,946 4.25%
Huntsville, TX (FHA|USDA|VA) 1 $345,000 $345,000 $3,085 2.88%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $345,000 $345,000 $1,996 2.25%
Sonora, CA (FHA|USDA|VA) 1 $345,000 $345,000 $8,193 3.63%
RACINE, WI (FHA|USDA|VA) 1 $335,000 $335,000 $1,129 4.75%
JACKSON, MS (FHA|USDA|VA) 1 $335,000 $335,000 $3,149 3.49%
MONTGOMERY, AL (FHA|USDA|VA) 1 $335,000 $335,000 $7,695 2.50%
Oak Harbor, WA (FHA|USDA|VA) 1 $335,000 $335,000 $2,206 2.38%
Klamath Falls, OR (FHA|USDA|VA) 1 $325,000 $325,000 $825 2.75%
Torrington, CT (FHA|USDA|VA) 1 $325,000 $325,000 $2,436 3.99%
Bonham, TX (FHA|USDA|VA) 1 $325,000 $325,000 $2,479 2.75%
MORRISTOWN, TN (FHA|USDA|VA) 1 $315,000 $315,000 $10,882 4.38%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $315,000 $315,000 $60 4.75%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $315,000 $315,000 $1,872 2.99%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $315,000 $315,000 $793 3.13%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $305,000 $305,000 $3,348 3.38%
Columbus, MS (FHA|USDA|VA) 1 $305,000 $305,000 $7,385 4.25%
Salem, OH (FHA|USDA|VA) 1 $305,000 $305,000 $4,864 3.25%
Cañon City, CO (FHA|USDA|VA) 1 $305,000 $305,000 $2,646 2.50%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $305,000 $305,000 $1,544 3.50%
Indiana, PA (FHA|USDA|VA) 1 $295,000 $295,000 $16,491 4.50%
Plymouth, IN (FHA|USDA|VA) 1 $295,000 $295,000 $2,533 3.75%
Cedar City, UT (FHA|USDA|VA) 1 $295,000 $295,000 $6,273 2.50%
WHEELING, WV-OH (FHA|USDA|VA) 1 $285,000 $285,000 $12,709 4.25%
Newport, OR (FHA|USDA|VA) 1 $285,000 $285,000 $3,881 5.12%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $285,000 $285,000 $1,909 4.88%
LYNCHBURG, VA (FHA|USDA|VA) 1 $275,000 $275,000 $14,560 4.75%
Orangeburg, SC (FHA|USDA|VA) 1 $275,000 $275,000 $4,438 5.99%
Pottsville, PA (FHA|USDA|VA) 1 $275,000 $275,000 $4,762 6.62%
Forest City, NC (FHA|USDA|VA) 1 $265,000 $265,000 $2,137 4.75%
Holland, MI (FHA|USDA|VA) 1 $255,000 $255,000 $1,036 2.99%
Hutchinson, MN (FHA|USDA|VA) 1 $255,000 $255,000 $2,734 5.38%
Crossville, TN (FHA|USDA|VA) 1 $255,000 $255,000 $1,906 2.75%
MONROE, MI (FHA|USDA|VA) 1 $245,000 $245,000 $729 2.50%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $245,000 $245,000 $3,396 3.50%
AMES, IA (FHA|USDA|VA) 1 $245,000 $245,000 $6,951 5.13%
BURLINGTON, NC (FHA|USDA|VA) 1 $235,000 $235,000 $2,188 3.25%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $235,000 $235,000 $4,562 4.75%
DuBois, PA (FHA|USDA|VA) 1 $235,000 $235,000 $4,715 6.25%
ODESSA, TX (FHA|USDA|VA) 1 $235,000 $235,000 $6,827 5.00%
Faribault-Northfield, MN (FHA|USDA|VA) 1 $225,000 $225,000 $6,996 5.50%
Nogales, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $1,162 3.63%
EL CENTRO, CA (FHA|USDA|VA) 1 $225,000 $225,000 $5,334 4.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $215,000 $215,000 $15,168 3.50%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $215,000 $215,000 $619 3.25%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $205,000 $205,000 $1,121 3.13%
Sulphur Springs, TX (FHA|USDA|VA) 1 $205,000 $205,000 $2,759 5.37%
Sanford, NC (FHA|USDA|VA) 1 $195,000 $195,000 $11,563 4.25%
Red Bluff, CA (FHA|USDA|VA) 1 $195,000 $195,000 $4,914 2.50%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $195,000 $195,000 $4,684 4.50%
NEW BERN, NC (FHA|USDA|VA) 1 $195,000 $195,000 $1,822 3.75%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $195,000 $195,000 $2,100 5.50%
Greenville, OH (FHA|USDA|VA) 1 $195,000 $195,000 $1,158 2.63%
MORGANTOWN, WV (FHA|USDA|VA) 1 $195,000 $195,000 $6,832 3.38%
ERIE, PA (FHA|USDA|VA) 1 $185,000 $185,000 $3,065 3.88%
LAWRENCE, KS (FHA|USDA|VA) 1 $185,000 $185,000 $2,321 4.49%
Angola, IN (FHA|USDA|VA) 1 $185,000 $185,000 $4,390 4.75%
Brevard, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,203 4.13%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $155,000 $155,000 $1,075 2.88%
Glenwood Springs, CO (FHA|USDA|VA) 1 $155,000 $155,000 $4,052 3.99%
ST. CLOUD, MN (FHA|USDA|VA) 1 $155,000 $155,000 $1,732 2.88%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $155,000 $155,000 $6,287 5.50%
LEBANON, PA (FHA|USDA|VA) 1 $155,000 $155,000 $2,771 3.75%
Washington, NC (FHA|USDA|VA) 1 $145,000 $145,000 $1,724 3.99%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $135,000 $135,000 $1,758 3.88%
Sandusky, OH (FHA|USDA|VA) 1 $125,000 $125,000 $5,033 3.75%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $115,000 $115,000 $6,015 5.00%
LAWTON, OK (FHA|USDA|VA) 1 $105,000 $105,000 $3,949 5.99%
Seymour, IN (FHA|USDA|VA) 1 $105,000 $105,000 $1,482 4.99%
JOHNSTOWN, PA (FHA|USDA|VA) 1 $105,000 $105,000 $1,398 3.25%
Bozeman, MT (FHA|USDA|VA) 1 $85,000 $85,000 $1,539 3.63%
Adrian, MI (FHA|USDA|VA) 1 $75,000 $75,000 $3,878 6.13%
Whitewater, WI (FHA|USDA|VA) 1 $65,000 $65,000 $2,358 5.50%
Oskaloosa, IA (FHA|USDA|VA) 1 $65,000 $65,000 $3,955 6.12%
Strong Home Mortgage's top markets include Washington, Dallas, Phoenix, Seattle, and Los Angeles among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Similar Lenders

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

    Monterey Credit Union
    Similarity Rank: 63
    First Credit Union
    Similarity Rank: 100
    SAFE 1 CREDIT UNION
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    SPOKANE FIREFIGHTERS CREDIT UNION
    Similarity Rank: 315
    AAXY L.L.C.
    Similarity Rank: 324
    DRAGAS MORTGAGE COMPANY
    Similarity Rank: 361
    PIMA Federal Credit Union
    Similarity Rank: 366
    ARIZONA CENTRAL
    Similarity Rank: 506
    Cedar Point Federal Credit Union
    Similarity Rank: 546

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,518 $950,980,000 $377,673 $3,668 3.99%
    VA 528 $230,020,000 $435,644 $9,750 3.59%
    FHA 153 $54,505,000 $356,242 $9,343 4.25%

    For 2022, Strong Home Mortgage's most frequently originated type of loan was Conventional, with 2,518 originations. Their 2nd most popular type was VA, with 528 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 1,798 $646,370,000 $359,494 $4,900 3.77%
    Home Purchase 1,132 $493,240,000 $435,724 $5,483 4.35%
    Refi 260 $93,540,000 $359,769 $2,954 3.23%
    Home Improvement 9 $2,355,000 $261,667 $3,145 4.38%

    For 2022, Strong Home Mortgage's most frequently cited loan purpose was Cash Out Refi, with 1,798 originations. The 2nd most popular reason was Home Purchase, with 1,132 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,663 $1,068,265,000 $401,151 $5,227 4.04%
    15 Year 358 $109,870,000 $306,899 $3,504 3.28%
    20 Year 143 $47,395,000 $331,434 $3,258 3.94%
    10 Year 22 $5,820,000 $264,545 $2,541 2.70%
    Other 13 $4,155,000 $319,615 $9,069 3.88%

    For 2022, Strong Home Mortgage's most frequently cited loan duration was 30 Year, with 2,663 originations. The 2nd most popular length was 15 Year, with 358 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,907 $761,375,000 $399,253
    $5k+ 370 $160,400,000 $433,514
    $1k-2k 366 $127,110,000 $347,295
    $2k-3k 252 $81,250,000 $322,421
    $3k-4k 177 $62,035,000 $350,480
    $4k-5k 127 $43,335,000 $341,220

    Strong Home Mortgage's average total fees were $5,227, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,907 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,242 $458,730,000 $369,348
    4-5% 736 $300,870,000 $408,791
    2.5-3% 506 $206,230,000 $407,569
    5-6% 352 $136,890,000 $388,892
    <2.5% 229 $88,685,000 $387,271
    6-7% 110 $38,680,000 $351,636
    7-8% 15 $4,175,000 $278,333
    Over 8% 9 $1,245,000 $138,333

    During 2022, Strong Home Mortgage's average interest rate for loans was 4.04%, while their most frequently originated rate bucket for loans was 3-4%, with 1,242 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,546 $467,020,000 $302,083 $4,494 3.92%
    $400k-600k 928 $446,390,000 $481,024 $5,334 3.83%
    $600k-1MM 360 $252,220,000 $700,611 $7,459 4.00%
    $100k-200k 301 $49,795,000 $165,432 $3,270 4.14%
    $100,000 or less 50 $3,770,000 $75,400 $2,689 4.74%
    $1MM+ 14 $16,310,000 $1,165,000 $8,015 4.59%

    2022 saw Strong Home Mortgage place emphasis on $200k-400k loans with 1,546 originations, totaling $467,020,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,011 $385,155,000 $380,964 $4,816 3.87%
    $150k-250k 804 $361,490,000 $449,614 $5,210 4.07%
    $75k-100k 547 $181,545,000 $331,892 $4,879 3.84%
    $50k-75k 405 $113,325,000 $279,815 $4,692 3.88%
    $250k+ 284 $155,540,000 $547,676 $5,585 4.13%
    $50k or less 104 $20,250,000 $194,712 $3,896 3.99%

    Strong Home Mortgage lent most frequently to those with incomes in the $100k-150k range, with 1,011 originations. The second most popular income band? $150k-250k, with 804 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 585 $227,575,000 $389,017 $4,266 3.86%
    20-30% 538 $202,530,000 $376,450 $3,997 3.73%
    44% 174 $62,780,000 $360,805 $4,781 4.26%
    42% 154 $60,600,000 $393,506 $4,696 4.08%
    49% 152 $62,670,000 $412,303 $6,046 4.08%
    43% 151 $59,825,000 $396,192 $5,366 4.09%
    40% 151 $62,935,000 $416,788 $4,880 4.14%
    50-60% 143 $60,625,000 $423,951 $10,384 3.97%
    <20% 137 $45,165,000 $329,672 $3,502 3.65%
    41% 132 $53,290,000 $403,712 $4,863 3.88%
    45% 121 $43,705,000 $361,198 $4,852 3.93%
    38% 116 $45,200,000 $389,655 $5,258 4.10%
    37% 116 $44,660,000 $385,000 $4,773 4.19%
    39% 113 $46,685,000 $413,142 $4,646 4.05%
    36% 111 $42,105,000 $379,324 $4,872 4.01%
    46% 106 $38,250,000 $360,849 $6,281 3.91%
    48% 101 $39,285,000 $388,960 $5,134 4.03%
    47% 76 $28,310,000 $372,500 $5,700 3.91%

    Strong Home Mortgage lent most frequently to those with DTI ratios of 30-36%, with 585 originations. The next most common DTI ratio? 20-30%, with 538 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,887 $710,725,000 $376,643 $4,857 3.92%
    Not provided 797 $310,155,000 $389,153 $5,039 3.91%
    Asian 279 $123,195,000 $441,559 $4,463 4.02%
    Black 190 $71,840,000 $378,105 $6,003 4.11%
    American Indian 22 $8,320,000 $378,182 $6,700 3.66%
    Asian Indian 9 $5,095,000 $566,111 $3,901 4.32%
    Native Hawaiian or Islander 9 $3,305,000 $367,222 $3,992 4.11%
    Other Asian 2 $1,030,000 $515,000 $1,280 5.00%
    Japanese 1 $815,000 $815,000 $14,568 2.63%
    Chinese 1 $515,000 $515,000 $1,175 3.75%
    Filipino 1 $355,000 $355,000 $5,882 3.99%
    Vietnamese 1 $155,000 $155,000 $2,771 3.75%

    Approval Rates

    Total approvals of all applications
    90.91%

    Strong Home Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    17.57%

    Strong Home Mortgage 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 3,199 $1,235,505,000 $386,216

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,199 $1,235,505,000 $386,216

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 213 $60,425,000 $283,685 $3,679 3.95%
    40-60% 630 $222,550,000 $353,254 $3,383 3.57%
    60-80% 1,389 $538,655,000 $387,801 $4,599 3.93%
    80-100% 883 $385,885,000 $437,016 $6,329 4.10%
    Over 100% 44 $21,560,000 $490,000 $17,420 4.27%
    Under 20% 40 $6,430,000 $160,750 $3,866 5.79%