The Home Loan Expert Mortgage Rates, Fees & Info
St Louis, MOLEI: 254900Q716E7IUMXGB91
Tax ID: 47-2469140
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Mortgage Data
Review & Overview
The Home Loan Expert is a smaller mortgage company specializing in Home Improvement, Home Purchase, and Refi loans. The Home Loan Expert has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: St. Louis, Austin, Indianapolis, Chicago, and Denver among others. We have data for 49 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 | 6.61% | 4/21/24 |
| 30 Year Conventional Refi | 6.63% | 4/21/24 |
| 30 Year Cash-out Refi | 7.08% | 4/21/24 |
| 30 Year FHA Purchase | 7.45% | 4/21/24 |
| 30 Year FHA Refi | 7.09% | 4/21/24 |
| 30 Year VA Purchase | 6.13% | 4/21/24 |
| 30 Year VA Refi | 6.38% | 4/21/24 |
| 30 Year USDA Purchase | 6.52% | 4/21/24 |
| 15 Year Conventional Purchase | 6.14% | 4/21/24 |
| 15 Year Conventional Refi | 6.31% | 4/21/24 |
| 15 Year Cash-out Refi | 6.31% | 4/21/24 |
| 15 Year FHA Refi | 5.68% | 4/21/24 |
| 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. | ||
The Home Loan Expert Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,319Origination Dollar Volume (All Markets)
$315,805,000Awards
The Home Loan Expert - 2019
The Home Loan Expert is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 526 | $115,910,000 | $220,361 | $5,552 | 4.24% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 224 | $64,240,000 | $286,786 | $5,645 | 3.94% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 163 | $30,995,000 | $190,153 | $5,728 | 4.49% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 132 | $30,850,000 | $233,712 | $6,545 | 4.49% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 69 | $26,895,000 | $389,783 | $3,942 | 4.03% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 61 | $16,935,000 | $277,623 | $6,859 | 4.63% |
| Outside of Metro Areas | 31 | $6,445,000 | $207,903 | $5,474 | 4.37% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 26 | $5,250,000 | $201,923 | $4,936 | 3.87% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,315,000 | $263,000 | $4,284 | 4.35% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $5,181 | 3.95% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 7 | $1,175,000 | $167,857 | $5,985 | 3.98% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 6 | $950,000 | $158,333 | $7,076 | 4.29% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $4,222 | 3.75% |
| Farmington, MO (FHA|USDA|VA) | 5 | $765,000 | $153,000 | $5,048 | 5.00% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $2,795 | 3.50% |
| Edwards, CO (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $3,295 | 3.99% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $5,072 | 4.23% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $6,761 | 4.04% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $5,434 | 4.78% |
| New Castle, IN (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $5,040 | 4.38% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $5,283 | 3.94% |
| KANKAKEE, IL (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $4,846 | 4.17% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,990 | 3.50% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $8,551 | 4.81% |
| ROCKFORD, IL (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $3,905 | 5.17% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,318 | 3.99% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,164 | 5.06% |
| COLUMBUS, IN (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,179 | 4.43% |
| Dixon, IL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,808 | 4.94% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,955 | 3.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,668 | 4.63% |
| Mount Vernon, IL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,363 | 3.38% |
| Frankfort, IN (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,948 | 4.38% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,125 | 4.88% |
| Centralia, IL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,596 | 4.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,250 | 3.75% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,137 | 3.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $4,505 | 4.19% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,457 | 4.38% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,937 | 3.50% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,854 | 4.38% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,890 | 4.50% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,770 | 3.50% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,316 | 5.50% |
| Wabash, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,006 | 5.13% |
| North Vernon, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,549 | 4.25% |
| Brenham, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,392 | 6.25% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,154 | 5.63% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,339 | 5.00% |
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 | 722 | $185,770,000 | $257,299 | $4,504 | 4.35% |
| FHA | 414 | $84,940,000 | $205,169 | $7,286 | 4.21% |
| VA | 183 | $45,095,000 | $246,421 | $6,396 | 4.00% |
For 2019, The Home Loan Expert's most frequently originated type of loan was Conventional, with 722 originations. Their 2nd most popular type was FHA, with 414 originations.
Loan Reason
For 2019, The Home Loan Expert's most frequently cited loan purpose was Home Improvement, with 617 originations. The 2nd most popular reason was Home Purchase, with 419 originations.
Loan Duration/Length
For 2019, The Home Loan Expert's most frequently cited loan duration was 30 Year, with 1,067 originations. The 2nd most popular length was Other, with 101 originations.
Origination Fees/Closing Costs
The Home Loan Expert's average total fees were $5,839, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 785 originations.
Interest Rates
During 2019, The Home Loan Expert's average interest rate for loans was 4.28%, while their most frequently originated rate bucket for loans was 3-4%, with 625 originations.
Loan Sizing
2019 saw The Home Loan Expert place emphasis on $200k-400k loans with 703 originations, totaling $190,145,000 in origination value.
Applicant Income
The Home Loan Expert lent most frequently to those with incomes in the $100k-150k range, with 358 originations. The second most popular income band? $75k-100k, with 307 originations.
Applicant Debt to Income Ratio
The Home Loan Expert lent most frequently to those with DTI ratios of 20-30%, with 263 originations. The next most common DTI ratio? 30-36%, with 237 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.20%
The Home Loan Expert 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-44.66%
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 | 1,319 | $315,805,000 | $239,428 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 7 | $885,000 | $126,429 |
| Single Family (1-4 Units):Site-Built | 1,312 | $314,920,000 | $240,030 |