Strong Home Mortgage Rates, Fees & Info
Richmond, VALEI: 254900O28OG3UMHXQY81
Tax ID: 82-2650124
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Mortgage Data
Review & Overview
Strong Home Mortgage is a smaller mortgage company specializing in Home Purchase loans. Strong Home Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Washington, Dallas, Miami, Raleigh, and Seattle among others. We have data for 119 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 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.
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 | 6.72% | 4/16/25 |
| 30 Year Conventional Refi | 6.62% | 4/16/25 |
| 30 Year Cash-out Refi | 7.10% | 4/16/25 |
| 30 Year FHA Purchase | 6.61% | 4/16/25 |
| 30 Year FHA Refi | 6.45% | 4/16/25 |
| 30 Year VA Purchase | 5.99% | 4/16/25 |
| 30 Year VA Refi | 5.56% | 4/16/25 |
| 15 Year Conventional Purchase | 5.90% | 4/16/25 |
| 15 Year Conventional Refi | 5.59% | 4/16/25 |
| 15 Year Cash-out Refi | 5.59% | 4/16/25 |
| 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
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This is not an official calculator from Strong Home Mortgage. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
677Origination Dollar Volume (All Markets)
$341,295,000Awards
Strong Home Mortgage - 2024
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For 2024, less than of lenders were eligible for this award.
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Relative Rate
Strong Home Mortgage's average 30 year fixed mortgage rate was
6.27%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.28%.
Relative Fees (Closing Costs)
Strong Home Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,642.
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 $8,356.
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) | 94 | $59,140,000 | $629,149 | $7,320 | 6.14% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 46 | $23,430,000 | $509,348 | $8,441 | 6.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 29 | $14,165,000 | $488,448 | $8,041 | 6.06% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 26 | $13,210,000 | $508,077 | $5,852 | 6.29% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 23 | $13,105,000 | $569,783 | $5,063 | 6.46% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 26 | $12,450,000 | $478,846 | $8,489 | 6.34% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 24 | $11,510,000 | $479,583 | $4,040 | 6.30% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 23 | $10,235,000 | $445,000 | $6,106 | 6.25% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 16 | $9,870,000 | $616,875 | $4,873 | 6.05% |
| Outside of Metro Areas | 21 | $9,315,000 | $443,571 | $6,007 | 6.46% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 18 | $9,130,000 | $507,222 | $6,373 | 6.09% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 19 | $8,835,000 | $465,000 | $5,564 | 6.41% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 16 | $7,320,000 | $457,500 | $6,042 | 6.17% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 12 | $6,460,000 | $538,333 | $6,289 | 6.35% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 13 | $5,625,000 | $432,692 | $5,837 | 6.10% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 12 | $5,420,000 | $451,667 | $7,274 | 6.30% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 10 | $5,370,000 | $537,000 | $5,184 | 6.16% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 9 | $4,605,000 | $511,667 | $4,305 | 5.97% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 8 | $4,520,000 | $565,000 | $3,729 | 6.47% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 8 | $4,260,000 | $532,500 | $8,846 | 5.89% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 8 | $4,180,000 | $522,500 | $8,218 | 6.12% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $4,165,000 | $595,000 | $7,112 | 5.91% |
| LOUISVILLE, KY (FHA|USDA|VA) | 6 | $3,850,000 | $641,667 | $8,997 | 5.93% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $3,560,000 | $593,333 | $4,519 | 6.42% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 5 | $3,265,000 | $653,000 | $5,670 | 6.90% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 6 | $3,170,000 | $528,333 | $6,202 | 6.17% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 7 | $3,085,000 | $440,714 | $11,679 | 6.16% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 6 | $2,990,000 | $498,333 | $3,187 | 6.89% |
| RICHMOND, VA (FHA|USDA|VA) | 7 | $2,825,000 | $403,571 | $7,150 | 6.28% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 6 | $2,570,000 | $428,333 | $4,953 | 6.54% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 6 | $2,550,000 | $425,000 | $6,810 | 6.37% |
| Sevierville, TN (FHA|USDA|VA) | 4 | $2,110,000 | $527,500 | $4,200 | 6.72% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 4 | $2,040,000 | $510,000 | $7,203 | 6.12% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 5 | $1,985,000 | $397,000 | $6,229 | 7.25% |
| KNOXVILLE, TN (FHA|USDA|VA) | 4 | $1,890,000 | $472,500 | $2,560 | 6.81% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 4 | $1,850,000 | $462,500 | $5,925 | 6.09% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $1,775,000 | $591,667 | $2,120 | 6.21% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $1,705,000 | $568,333 | $6,443 | 6.50% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 6 | $1,470,000 | $245,000 | $6,088 | 6.23% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $1,425,000 | $475,000 | $8,293 | 6.45% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $1,295,000 | $431,667 | $4,856 | 6.83% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 3 | $1,285,000 | $428,333 | $5,439 | 6.50% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $11,739 | 6.08% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $1,260,000 | $630,000 | $1,806 | 5.99% |
| EL PASO, TX (FHA|USDA|VA) | 3 | $1,255,000 | $418,333 | $6,732 | 5.96% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $7,153 | 6.43% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $1,140,000 | $570,000 | $7,370 | 6.75% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $1,110,000 | $555,000 | $7,988 | 5.94% |
| BOISE CITY, ID (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $8,454 | 6.21% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $8,046 | 6.06% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $1,080,000 | $540,000 | $2,500 | 6.06% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $3,849 | 5.75% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $18,725 | 6.31% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $2,739 | 6.93% |
| GREENVILLE, NC (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $4,446 | 6.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $7,907 | 6.58% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $2,451 | 5.19% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $2,428 | 6.38% |
| WENATCHEE, WA (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $4,453 | 6.56% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $12,745 | 5.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $12,463 | 6.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $7,955 | 6.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $6,693 | 6.99% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $1,723 | 5.44% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $2,595 | 6.63% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $7,621 | 6.56% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $2,875 | 7.13% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $3,732 | 6.19% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $4,548 | 6.25% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $7,011 | 6.44% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $3,839 | 6.50% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $12,356 | 6.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $7,184 | 5.49% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $14,189 | 4.88% |
| AKRON, OH (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $9,779 | 5.75% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $2,286 | 6.63% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $7,150 | 7.43% |
| ROANOKE, VA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $4,246 | 7.06% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $3,417 | 6.88% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $2,777 | 5.63% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $2,189 | 5.99% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $3,209 | 7.24% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $4,685 | 6.88% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $2,427 | 7.38% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $11,723 | 4.99% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,038 | 6.12% |
| TYLER, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $14,352 | 5.88% |
| READING, PA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $6,622 | 6.13% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,441 | 6.63% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,675 | 6.88% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $12,172 | 5.88% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,746 | 6.13% |
| Washington, NC (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $12,114 | 5.99% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $2,550 | 6.12% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,328 | 6.25% |
| Athens, TX (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,477 | 6.88% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $10,464 | 5.49% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,592 | 5.99% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $8,704 | 6.12% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $6,427 | 5.63% |
| Marietta, OH (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,798 | 6.13% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $525 | 6.12% |
| Shelton, WA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,968 | 5.13% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,547 | 6.63% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $7,321 | 7.25% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $1,928 | 6.99% |
| SALEM, OR (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,370 | 6.13% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $14,834 | 6.38% |
| DALTON, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,635 | 5.25% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,223 | 6.63% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,017 | 6.38% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,584 | 5.99% |
| Kinston, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,506 | 6.13% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,517 | 7.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,725 | 6.62% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,135 | 6.13% |
| Outside of Metro Areas | 1 | $245,000 | $245,000 | $2,045 | 5.99% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,231 | 5.63% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10 | 5.75% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 441 | $213,955,000 | $485,159 | $4,597 | 6.48% |
| VA | 139 | $83,505,000 | $600,755 | $8,915 | 5.85% |
| FHA | 97 | $43,835,000 | $451,907 | $11,611 | 5.83% |
For 2024, Strong Home Mortgage's most frequently originated type of loan was Conventional, with 441 originations. Their 2nd most popular type was VA, with 139 originations.
Loan Reason
For 2024, Strong Home Mortgage's most frequently cited loan purpose was Home Purchase, with 540 originations. The 2nd most popular reason was Refi, with 98 originations.
Loan Duration/Length
For 2024, Strong Home Mortgage's most frequently cited loan duration was 30 Year, with 623 originations. The 2nd most popular length was 15 Year, with 33 originations.
Origination Fees/Closing Costs
Strong Home Mortgage's average total fees were $6,642, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 344 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 340 | $174,260,000 | $512,529 |
| 5-6% | 265 | $137,555,000 | $519,075 |
| 7-8% | 56 | $23,040,000 | $411,429 |
| 4-5% | 10 | $5,550,000 | $555,000 |
| Over 8% | 6 | $890,000 | $148,333 |
During 2024, Strong Home Mortgage's average interest rate for loans was 6.27%, while their most frequently originated rate bucket for loans was 6-7%, with 340 originations.
Loan Sizing
2024 saw Strong Home Mortgage place emphasis on $400k-600k loans with 331 originations, totaling $161,795,000 in origination value.
Applicant Income
Strong Home Mortgage lent most frequently to those with incomes in the $150k-250k range, with 283 originations. The second most popular income band? $100k-150k, with 161 originations.
Applicant Debt to Income Ratio
Strong Home Mortgage lent most frequently to those with DTI ratios of 30-36%, with 107 originations. The next most common DTI ratio? 20-30%, with 96 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.30%
Strong Home Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination14.18%
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 | 677 | $341,295,000 | $504,129 |