The Home Loan Expert Mortgage Rates, Fees & Info

St Louis, MO

LEI: 254900Q716E7IUMXGB91

Tax ID: 47-2469140

5 stars - out of 5 stars, based on 68 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    The Home Loan Expert is a small mortgage company specializing in Home Purchase and Refi loans. The Home Loan Expert has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Austin, St. Louis, Denver, Chicago, and Tampa among others. We have data for 162 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Home Loan Expert 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. The Home Loan Expert 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 6.73% 12/4/22
    30 Year Conventional Refi 6.74% 12/4/22
    30 Year Cash-out Refi 7.10% 12/4/22
    30 Year FHA Purchase 7.64% 12/4/22
    30 Year FHA Refi 7.27% 12/4/22
    30 Year VA Purchase 6.35% 12/4/22
    30 Year VA Refi 6.38% 12/4/22
    30 Year USDA Purchase 6.76% 12/4/22
    30 Year USDA Refi 6.58% 12/4/22
    15 Year Conventional Purchase 5.96% 12/4/22
    15 Year Conventional Refi 6.07% 12/4/22
    15 Year Cash-out Refi 6.07% 12/4/22
    15 Year FHA Refi 7.13% 12/4/22
    15 Year VA Refi 6.22% 12/4/22
    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

    4,619

    Origination Dollar Volume (All Markets)

    $1,335,385,000
    Show all (16) awards

    Relative Rate

    The Home Loan Expert's average 30 year fixed mortgage rate was 3.03%.

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

    This yields a difference of -0.12%.

    Relative Fees (Closing Costs)

    The Home Loan Expert's average total fees/closing costs for a 30 year fixed rate mortgage were $5,006.

    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
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1,065 $368,205,000 $345,732 $5,224 2.91%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 945 $195,755,000 $207,148 $4,524 3.03%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 344 $146,900,000 $427,035 $4,036 2.94%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 354 $96,640,000 $272,994 $4,752 2.93%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 232 $76,620,000 $330,259 $4,773 2.87%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 210 $54,690,000 $260,429 $4,988 2.95%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 145 $50,215,000 $346,310 $5,976 2.94%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 213 $44,795,000 $210,305 $5,041 3.08%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 111 $28,755,000 $259,054 $4,051 2.96%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 77 $27,455,000 $356,558 $3,732 2.97%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 112 $25,860,000 $230,893 $4,729 2.91%
    Outside of Metro Areas 83 $20,815,000 $250,783 $4,778 2.95%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 34 $20,070,000 $590,294 $7,518 2.82%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 52 $15,410,000 $296,346 $4,810 2.89%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 50 $12,320,000 $246,400 $5,325 2.91%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 57 $11,245,000 $197,281 $4,545 3.20%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 52 $10,050,000 $193,269 $4,022 2.82%
    GREELEY, CO (FHA|USDA|VA) 22 $7,130,000 $324,091 $3,752 2.82%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 23 $6,345,000 $275,870 $5,493 3.04%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 20 $5,810,000 $290,500 $4,716 3.03%
    FORT COLLINS, CO (FHA|USDA|VA) 18 $5,560,000 $308,889 $3,627 3.02%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 13 $5,455,000 $419,615 $5,511 2.80%
    BOULDER, CO (FHA|USDA|VA) 12 $4,630,000 $385,833 $3,608 2.69%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 17 $4,265,000 $250,882 $4,727 2.96%
    TUCSON, AZ (FHA|USDA|VA) 19 $4,195,000 $220,789 $5,563 2.79%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 14 $3,800,000 $271,429 $5,743 2.98%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 10 $3,340,000 $334,000 $5,963 2.98%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 13 $3,335,000 $256,538 $4,840 3.10%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 15 $3,245,000 $216,333 $4,991 3.07%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 8 $3,220,000 $402,500 $4,171 2.89%
    Edwards, CO (FHA|USDA|VA) 7 $3,195,000 $456,429 $3,064 2.96%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 15 $3,155,000 $210,333 $5,600 2.82%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 10 $2,620,000 $262,000 $4,408 2.92%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $2,425,000 $485,000 $5,047 2.70%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 8 $2,280,000 $285,000 $3,438 2.78%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 7 $2,005,000 $286,429 $5,954 2.75%
    Steamboat Springs, CO (FHA|USDA|VA) 3 $2,005,000 $668,333 $3,726 2.67%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 6 $1,970,000 $328,333 $2,891 2.75%
    JACKSONVILLE, FL (FHA|USDA|VA) 7 $1,795,000 $256,429 $4,420 2.91%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 6 $1,730,000 $288,333 $4,076 3.01%
    Farmington, MO (FHA|USDA|VA) 10 $1,700,000 $170,000 $4,326 3.24%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 5 $1,575,000 $315,000 $4,388 2.87%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 8 $1,470,000 $183,750 $2,303 3.20%
    Fredericksburg, TX (FHA|USDA|VA) 3 $1,175,000 $391,667 $5,614 3.16%
    MOBILE, AL (FHA|USDA|VA) 6 $1,170,000 $195,000 $3,269 3.33%
    COLUMBIA, MO (FHA|USDA|VA) 4 $1,140,000 $285,000 $5,244 2.97%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 4 $1,090,000 $272,500 $3,595 3.13%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $1,025,000 $341,667 $2,817 2.66%
    Show Low, AZ (FHA|USDA|VA) 2 $1,010,000 $505,000 $6,101 3.19%
    Sevierville, TN (FHA|USDA|VA) 3 $995,000 $331,667 $3,387 2.76%
    JACKSON, TN (FHA|USDA|VA) 7 $985,000 $140,714 $3,066 2.64%
    ROCKFORD, IL (FHA|USDA|VA) 6 $850,000 $141,667 $4,329 2.88%
    BLOOMINGTON, IN (FHA|USDA|VA) 3 $815,000 $271,667 $3,868 3.21%
    Breckenridge, CO (FHA|USDA|VA) 1 $795,000 $795,000 $6,361 4.25%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $790,000 $395,000 $4,126 2.50%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $775,000 $775,000 $6,598 3.88%
    Payson, AZ (FHA|USDA|VA) 2 $710,000 $355,000 $4,996 2.63%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $670,000 $335,000 $3,927 2.93%
    New Castle, IN (FHA|USDA|VA) 4 $610,000 $152,500 $4,056 2.97%
    BLOOMINGTON, IL (FHA|USDA|VA) 2 $580,000 $290,000 $3,273 3.38%
    TYLER, TX (FHA|USDA|VA) 2 $570,000 $285,000 $6,882 2.56%
    Gainesville, TX (FHA|USDA|VA) 2 $560,000 $280,000 $5,144 2.75%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $560,000 $280,000 $4,654 3.06%
    WORCESTER, MA-CT (FHA|USDA|VA) 2 $540,000 $270,000 $4,084 2.69%
    PUNTA GORDA, FL (FHA|USDA|VA) 3 $515,000 $171,667 $4,256 4.17%
    MUNCIE, IN (FHA|USDA|VA) 3 $515,000 $171,667 $5,558 3.29%
    Brenham, TX (FHA|USDA|VA) 2 $510,000 $255,000 $4,584 3.25%
    GAINESVILLE, FL (FHA|USDA|VA) 3 $505,000 $168,333 $5,330 2.88%
    SALINAS, CA (FHA|USDA|VA) 1 $495,000 $495,000 $4,103 2.99%
    Rockport, TX (FHA|USDA|VA) 1 $495,000 $495,000 $5,486 3.25%
    Port Lavaca, TX (FHA|USDA|VA) 1 $485,000 $485,000 $5,044 3.50%
    MODESTO, CA (FHA|USDA|VA) 1 $475,000 $475,000 $2,445 2.50%
    Crawfordsville, IN (FHA|USDA|VA) 2 $470,000 $235,000 $4,075 3.19%
    LAWRENCE, KS (FHA|USDA|VA) 2 $430,000 $215,000 $4,534 3.19%
    BOWLING GREEN, KY (FHA|USDA|VA) 2 $410,000 $205,000 $8,091 2.25%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $405,000 $405,000 $3,227 3.25%
    Ottawa, IL (FHA|USDA|VA) 2 $400,000 $200,000 $6,388 2.87%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $395,000 $395,000 $4,258 2.75%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $385,000 $385,000 $2,551 2.63%
    WACO, TX (FHA|USDA|VA) 2 $360,000 $180,000 $4,429 2.93%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $355,000 $355,000 $3,113 2.38%
    Sonora, CA (FHA|USDA|VA) 1 $345,000 $345,000 $2,837 2.25%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $345,000 $345,000 $3,482 2.88%
    LONGVIEW, TX (FHA|USDA|VA) 2 $340,000 $170,000 $5,511 2.56%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $335,000 $335,000 $10,199 2.88%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $335,000 $335,000 $14,372 2.50%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $335,000 $111,667 $2,716 3.04%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $325,000 $325,000 $4,925 2.75%
    Cañon City, CO (FHA|USDA|VA) 1 $325,000 $325,000 $2,645 2.50%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 3 $325,000 $108,333 $2,732 3.83%
    Fort Morgan, CO (FHA|USDA|VA) 1 $315,000 $315,000 $2,121 2.50%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $315,000 $315,000 $5,778 3.00%
    Fort Leonard Wood, MO (FHA|USDA|VA) 2 $310,000 $155,000 $5,368 3.19%
    WICHITA, KS (FHA|USDA|VA) 1 $305,000 $305,000 $13,390 2.38%
    JONESBORO, AR (FHA|USDA|VA) 2 $300,000 $150,000 $3,040 2.88%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $295,000 $295,000 $9,999 3.13%
    Lewisburg, TN (FHA|USDA|VA) 1 $295,000 $295,000 $4,402 3.25%
    Searcy, AR (FHA|USDA|VA) 1 $285,000 $285,000 $7,940 2.63%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $285,000 $285,000 $7,763 3.88%
    Bonham, TX (FHA|USDA|VA) 1 $285,000 $285,000 $5,329 3.50%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $285,000 $285,000 $4,286 2.75%
    Shelbyville, TN (FHA|USDA|VA) 1 $275,000 $275,000 $13,914 2.63%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $265,000 $265,000 $2,345 2.50%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $255,000 $255,000 $8,357 3.50%
    Mount Vernon, IL (FHA|USDA|VA) 1 $255,000 $255,000 $4,319 2.50%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $255,000 $255,000 $11,922 2.50%
    JOPLIN, MO (FHA|USDA|VA) 2 $250,000 $125,000 $5,760 3.00%
    Blytheville, AR (FHA|USDA|VA) 1 $235,000 $235,000 $7,304 2.55%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $225,000 $225,000 $3,315 2.50%
    Del Rio, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,222 2.88%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $215,000 $215,000 $5,055 3.00%
    Sterling, CO (FHA|USDA|VA) 1 $215,000 $215,000 $4,780 2.25%
    COLUMBUS, IN (FHA|USDA|VA) 1 $205,000 $205,000 $10,392 2.88%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $205,000 $205,000 $2,288 3.00%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $205,000 $205,000 $2,462 2.38%
    London, KY (FHA|USDA|VA) 1 $205,000 $205,000 $3,081 2.99%
    Dixon, IL (FHA|USDA|VA) 1 $205,000 $205,000 $5,923 3.63%
    Frankfort, IN (FHA|USDA|VA) 1 $195,000 $195,000 $1,961 3.00%
    Montrose, CO (FHA|USDA|VA) 1 $195,000 $195,000 $5,755 3.75%
    Greeneville, TN (FHA|USDA|VA) 1 $195,000 $195,000 $3,714 3.38%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $195,000 $195,000 $4,262 3.25%
    Rochelle, IL (FHA|USDA|VA) 1 $195,000 $195,000 $6,921 3.25%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $190,000 $95,000 $3,059 3.00%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $185,000 $185,000 $4,488 2.63%
    HOT SPRINGS, AR (FHA|USDA|VA) 1 $185,000 $185,000 $2,480 3.38%
    COLUMBUS, OH (FHA|USDA|VA) 1 $175,000 $175,000 $7,989 3.00%
    OWENSBORO, KY (FHA|USDA|VA) 1 $175,000 $175,000 $6,450 2.75%
    SAN ANGELO, TX (FHA|USDA|VA) 1 $175,000 $175,000 $3,428 3.75%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $175,000 $175,000 $3,679 2.38%
    North Vernon, IN (FHA|USDA|VA) 1 $165,000 $165,000 $3,845 3.25%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $165,000 $165,000 $7,977 2.99%
    Greensburg, IN (FHA|USDA|VA) 1 $165,000 $165,000 $6,616 2.63%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $165,000 $165,000 $8,164 2.50%
    TOPEKA, KS (FHA|USDA|VA) 1 $165,000 $165,000 $4,560 3.13%
    Hannibal, MO (FHA|USDA|VA) 1 $155,000 $155,000 $4,598 3.13%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,020 3.00%
    Mountain Home, AR (FHA|USDA|VA) 1 $155,000 $155,000 $3,631 2.75%
    EL PASO, TX (FHA|USDA|VA) 1 $145,000 $145,000 $4,822 3.13%
    Sedalia, MO (FHA|USDA|VA) 1 $145,000 $145,000 $4,774 3.00%
    RACINE, WI (FHA|USDA|VA) 1 $145,000 $145,000 $2,942 3.25%
    TERRE HAUTE, IN (FHA|USDA|VA) 1 $145,000 $145,000 $5,378 3.25%
    LUBBOCK, TX (FHA|USDA|VA) 1 $135,000 $135,000 $2,159 2.88%
    DOTHAN, AL (FHA|USDA|VA) 1 $135,000 $135,000 $7,564 3.99%
    Pontiac, IL (FHA|USDA|VA) 1 $125,000 $125,000 $6,688 2.88%
    PINE BLUFF, AR (FHA|USDA|VA) 1 $125,000 $125,000 $3,924 2.63%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $125,000 $125,000 $2,706 2.63%
    OCALA, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,284 2.25%
    Crossville, TN (FHA|USDA|VA) 1 $125,000 $125,000 $4,350 3.00%
    Quincy, IL-MO (FHA|USDA|VA) 1 $115,000 $115,000 $4,871 3.25%
    Ottawa, KS (FHA|USDA|VA) 1 $115,000 $115,000 $4,273 2.75%
    Sterling, IL (FHA|USDA|VA) 1 $105,000 $105,000 $6,571 3.25%
    MIDLAND, TX (FHA|USDA|VA) 1 $105,000 $105,000 $2,742 3.50%
    Hope, AR (FHA|USDA|VA) 1 $105,000 $105,000 $2,363 3.38%
    KOKOMO, IN (FHA|USDA|VA) 1 $95,000 $95,000 $3,984 4.00%
    Pittsburg, KS (FHA|USDA|VA) 1 $95,000 $95,000 $3,367 3.38%
    DANVILLE, IL (FHA|USDA|VA) 1 $95,000 $95,000 $3,708 4.25%
    Jacksonville, TX (FHA|USDA|VA) 1 $95,000 $95,000 $5,122 2.50%
    Scottsburg, IN (FHA|USDA|VA) 1 $85,000 $85,000 $5,849 3.88%
    Seymour, IN (FHA|USDA|VA) 1 $85,000 $85,000 $4,197 4.88%
    Cullman, AL (FHA|USDA|VA) 1 $85,000 $85,000 $3,328 3.25%
    Logansport, IN (FHA|USDA|VA) 1 $75,000 $75,000 $3,701 2.88%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $75,000 $75,000 $4,947 2.88%
    The Home Loan Expert's top markets include Austin, St. Louis, Denver, Chicago, and Tampa among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The Home Loan Expert 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 3,745 $1,111,775,000 $296,869 $4,224 2.99%
    FHA 474 $105,640,000 $222,869 $7,636 2.98%
    VA 369 $111,555,000 $302,317 $6,910 2.66%
    USDA 31 $6,415,000 $206,935 $5,284 2.64%

    For 2021, The Home Loan Expert's most frequently originated type of loan was Conventional, with 3,745 originations. Their 2nd most popular type was FHA, with 474 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,903 $610,655,000 $320,891 $5,468 2.96%
    Refi 1,469 $392,285,000 $267,042 $3,932 2.80%
    Home Improvement 916 $250,470,000 $273,439 $4,823 3.13%
    Cash Out Refi 330 $81,960,000 $248,364 $4,723 3.17%
    Other 1 $15,000 $15,000 $3 3.25%

    For 2021, The Home Loan Expert's most frequently cited loan purpose was Home Purchase, with 1,903 originations. The 2nd most popular reason was Refi, with 1,469 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,790 $1,139,920,000 $300,770 $5,006 3.03%
    15 Year 545 $128,675,000 $236,101 $3,896 2.54%
    20 Year 158 $40,360,000 $255,443 $3,950 2.90%
    Other 78 $20,310,000 $260,385 $3,868 2.90%
    10 Year 45 $6,085,000 $135,222 $2,960 2.69%
    5 Year 2 $20,000 $10,000 $0 0.00%
    30+ year 1 $15,000 $15,000 $21 0.00%

    For 2021, The Home Loan Expert's most frequently cited loan duration was 30 Year, with 3,790 originations. The 2nd most popular length was 15 Year, with 545 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,589 $796,495,000 $307,646
    $2k-3k 1,146 $267,560,000 $233,473
    $<1k 648 $183,230,000 $282,762
    $3k-4k 98 $26,600,000 $271,429
    $5k+ 87 $40,775,000 $468,678
    $4k-5k 51 $20,725,000 $406,373

    The Home Loan Expert's average total fees were $5,006, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,589 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 2,189 $645,525,000 $294,895
    3-4% 1,551 $442,255,000 $285,142
    <2.5% 756 $219,810,000 $290,754
    4-5% 117 $26,825,000 $229,274
    5-6% 5 $845,000 $169,000
    6-7% 1 $125,000 $125,000

    During 2021, The Home Loan Expert's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,189 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,266 $646,560,000 $285,331 $4,900 2.95%
    $100k-200k 1,296 $201,920,000 $155,802 $4,128 3.03%
    $400k-600k 790 $383,990,000 $486,063 $5,440 2.91%
    $100,000 or less 153 $10,025,000 $65,523 $2,578 2.72%
    $600k-1MM 97 $70,785,000 $729,742 $8,094 3.07%
    $1MM+ 17 $22,105,000 $1,300,294 $13,344 3.14%

    2021 saw The Home Loan Expert place emphasis on $200k-400k loans with 2,266 originations, totaling $646,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,092 $330,820,000 $302,949 $4,837 2.96%
    $50k-75k 812 $174,770,000 $215,234 $4,652 2.97%
    $150k-250k 786 $293,280,000 $373,130 $5,033 2.94%
    $75k-100k 732 $188,610,000 $257,664 $4,764 2.96%
    $50k or less 348 $54,400,000 $156,322 $4,151 3.00%
    $250k+ 326 $140,130,000 $429,847 $5,119 3.04%

    The Home Loan Expert lent most frequently to those with incomes in the $100k-150k range, with 1,092 originations. The second most popular income band? $50k-75k, with 812 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,061 $301,725,000 $284,378 $4,301 2.93%
    30-36% 871 $256,795,000 $294,828 $4,764 2.96%
    <20% 384 $111,190,000 $289,557 $4,364 2.86%
    38% 177 $50,295,000 $284,153 $4,950 2.96%
    44% 176 $49,180,000 $279,432 $4,709 3.04%
    42% 172 $51,390,000 $298,779 $5,151 3.07%
    39% 170 $47,340,000 $278,471 $4,501 3.01%
    40% 167 $46,075,000 $275,898 $4,705 3.08%
    43% 166 $49,440,000 $297,831 $4,988 3.07%
    50-60% 165 $45,305,000 $274,576 $8,068 2.81%
    37% 149 $47,025,000 $315,604 $5,208 3.00%
    36% 149 $40,595,000 $272,450 $4,638 2.96%
    41% 144 $46,650,000 $323,958 $5,178 3.03%
    45% 133 $38,405,000 $288,759 $4,664 3.05%
    46% 117 $33,995,000 $290,556 $4,832 2.99%
    49% 113 $32,315,000 $285,973 $5,304 2.96%
    47% 107 $29,875,000 $279,206 $5,037 2.93%
    48% 100 $31,720,000 $317,200 $5,237 2.95%
    >60% 8 $3,480,000 $435,000 $10,020 2.97%

    The Home Loan Expert lent most frequently to those with DTI ratios of 20-30%, with 1,061 originations. The next most common DTI ratio? 30-36%, with 871 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,999 $877,065,000 $292,452 $4,739 2.95%
    Not provided 1,160 $329,710,000 $284,233 $4,827 2.98%
    Asian 156 $52,390,000 $335,833 $5,356 3.00%
    Black 234 $50,160,000 $214,359 $4,734 2.87%
    Asian Indian 39 $14,105,000 $361,667 $5,974 3.07%
    American Indian 13 $4,645,000 $357,308 $5,984 3.11%
    Native Hawaiian or Islander 4 $1,820,000 $455,000 $4,669 2.84%
    Korean 5 $1,635,000 $327,000 $4,177 2.68%
    Filipino 3 $1,355,000 $451,667 $6,840 3.21%
    Chinese 2 $1,170,000 $585,000 $6,859 3.50%
    Other Asian 2 $680,000 $340,000 $3,751 3.06%
    Samoan 1 $375,000 $375,000 $4,314 2.50%
    Vietnamese 1 $275,000 $275,000 $3,495 2.75%

    Approval Rates

    Total approvals of all applications
    94.54%

    The Home Loan Expert has an average approval rate.

    Pick Rate

    Approvals leading to origination
    63.82%

    The Home Loan Expert 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 4,619 $1,335,385,000 $289,107

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4,619 $1,335,385,000 $289,107

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 157 $33,885,000 $215,828 $3,624 2.66%
    40-60% 649 $174,735,000 $269,237 $3,966 2.82%
    60-80% 2,038 $599,870,000 $294,342 $4,419 3.05%
    80-100% 1,686 $508,680,000 $301,708 $5,546 2.97%
    Over 100% 41 $15,195,000 $370,610 $14,957 2.64%
    Under 20% 48 $3,020,000 $62,917 $886 1.45%