Nations Lending Corporation

INDEPENDENCE, OH 44131

LEI: 254900WEP08K7U7S3A80

Tax ID: 77-0605392

2019 Data | 2018 Data


Overview

Nations Lending Corporation is a small mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Nations Lending Corporation has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Oxnard, Houston, Tampa, Cleveland, and Denver among others. They have an average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Nations Lending Corporation is typically a normal fee high fee lendor.


Originations

9,634

Origination Dollar Volume (All Markets)

$2,029,180,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 3,935 $862,975,000 $219,307
FHA 4,080 $806,760,000 $197,735
VA 1,441 $330,225,000 $229,164
USDA 178 $29,220,000 $164,157

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 4,474 $911,380,000 $203,706
Refi 2,334 $551,560,000 $236,315
Cash Out Refi 2,826 $566,240,000 $200,368

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
Outside of Metro Areas 1,320 $215,850,000 $163,523
OXNARD-THOUSAND OAKS-VENTURA, CA 269 $104,905,000 $389,981
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 377 $80,365,000 $213,170
TAMPA-ST. PETERSBURG-CLEARWATER, FL 379 $76,715,000 $202,414
CLEVELAND-ELYRIA, OH 444 $73,680,000 $165,946
DENVER-AURORA-LAKEWOOD, CO 245 $70,415,000 $287,408
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 233 $51,595,000 $221,438
PROVIDENCE-WARWICK, RI-MA 197 $44,475,000 $225,761
ORLANDO-KISSIMMEE-SANFORD, FL 192 $43,910,000 $228,698
MONROE, MI 264 $43,710,000 $165,568
SALISBURY, MD-DE 199 $42,175,000 $211,935
NEWARK, NJ-PA 125 $39,435,000 $315,480
NEW BRUNSWICK-LAKEWOOD, NJ 133 $38,355,000 $288,383
WILMINGTON, DE-MD-NJ 147 $34,485,000 $234,592
CHICAGO-NAPERVILLE-EVANSTON, IL 136 $34,390,000 $252,868
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 116 $27,360,000 $235,862
BAKERSFIELD, CA 149 $26,675,000 $179,027
URBAN HONOLULU, HI 50 $26,670,000 $533,400
LOS ANGELES-LONG BEACH-GLENDALE, CA 66 $25,520,000 $386,667
PHOENIX-MESA-CHANDLER, AZ 120 $25,030,000 $208,583
AKRON, OH 144 $23,110,000 $160,486
MCALLEN-EDINBURG-MISSION, TX 99 $18,645,000 $188,333
NORTH PORT-SARASOTA-BRADENTON, FL 84 $17,670,000 $210,357
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 55 $17,665,000 $321,182
SAN ANTONIO-NEW BRAUNFELS, TX 79 $17,405,000 $220,316
BATON ROUGE, LA 93 $15,865,000 $170,591
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 62 $15,640,000 $252,258
TUCSON, AZ 92 $15,210,000 $165,326
CANTON-MASSILLON, OH 101 $14,955,000 $148,069
COLUMBUS, OH 73 $14,475,000 $198,288
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 34 $13,420,000 $394,706
BALTIMORE-COLUMBIA-TOWSON, MD 48 $13,410,000 $279,375
COLORADO SPRINGS, CO 50 $13,180,000 $263,600
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 38 $12,830,000 $337,632
OAKLAND-BERKELEY-LIVERMORE, CA 28 $12,770,000 $456,071
SEATTLE-BELLEVUE-KENT, WA 45 $12,765,000 $283,667
CHARLOTTE-CONCORD-GASTONIA, NC-SC 66 $12,400,000 $187,879
DALLAS-PLANO-IRVING, TX 64 $11,780,000 $184,063
DETROIT-DEARBORN-LIVONIA, MI 73 $11,595,000 $158,836
SACRAMENTO-ROSEVILLE-FOLSOM, CA 41 $11,465,000 $279,634
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 32 $11,260,000 $351,875
MIAMI-MIAMI BEACH-KENDALL, FL 41 $11,065,000 $269,878
BOSTON, MA 29 $10,945,000 $377,414
GREELEY, CO 37 $10,705,000 $289,324
NEW ORLEANS-METAIRIE, LA 50 $10,610,000 $212,200
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 57 $10,585,000 $185,702
LAKE CHARLES, LA 65 $10,415,000 $160,231
CAMDEN, NJ 57 $10,275,000 $180,263
PUNTA GORDA, FL 50 $8,890,000 $177,800
LAFAYETTE, LA 49 $8,815,000 $179,898
AUSTIN-ROUND ROCK-GEORGETOWN, TX 40 $8,800,000 $220,000
TACOMA-LAKEWOOD, WA 36 $8,790,000 $244,167
CINCINNATI, OH-KY-IN 40 $7,960,000 $199,000
PRESCOTT VALLEY-PRESCOTT, AZ 46 $7,940,000 $172,609
FORT WORTH-ARLINGTON-GRAPEVINE, TX 41 $7,755,000 $189,146
MADERA, CA 35 $7,735,000 $221,000
WARREN-TROY-FARMINGTON HILLS, MI 40 $7,650,000 $191,250
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 44 $7,400,000 $168,182
JACKSONVILLE, FL 45 $7,245,000 $161,000
PHILADELPHIA, PA 38 $6,970,000 $183,421
KAHULUI-WAILUKU-LAHAINA, HI 14 $6,860,000 $490,000
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 25 $6,725,000 $269,000
RALEIGH-CARY, NC 34 $6,450,000 $189,706
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 25 $6,355,000 $254,200
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 25 $5,775,000 $231,000
LAKELAND-WINTER HAVEN, FL 35 $5,735,000 $163,857
WORCESTER, MA-CT 27 $5,705,000 $211,296
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 25 $5,635,000 $225,400
INDIANAPOLIS-CARMEL-ANDERSON, IN 29 $5,535,000 $190,862
SALEM, OR 27 $5,315,000 $196,852
CHARLESTON-NORTH CHARLESTON, SC 31 $5,315,000 $171,452
OGDEN-CLEARFIELD, UT 20 $5,220,000 $261,000
GAINESVILLE, FL 27 $5,115,000 $189,444
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 14 $4,860,000 $347,143
OCALA, FL 37 $4,815,000 $130,135
MANHATTAN, KS 27 $4,745,000 $175,741
ALBANY-LEBANON, OR 21 $4,555,000 $216,905
NEW HAVEN-MILFORD, CT 19 $4,525,000 $238,158
DAPHNE-FAIRHOPE-FOLEY, AL 25 $4,435,000 $177,400
MERCED, CA 17 $4,355,000 $256,176
SALT LAKE CITY, UT 19 $4,185,000 $220,263
DOVER, DE 21 $4,105,000 $195,476
LAKE HAVASU CITY-KINGMAN, AZ 28 $3,990,000 $142,500
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 7 $3,955,000 $565,000
BREMERTON-SILVERDALE-PORT ORCHARD, WA 17 $3,935,000 $231,471
COLUMBIA, SC 20 $3,900,000 $195,000
PITTSBURGH, PA 21 $3,845,000 $183,095
SANTA ROSA-PETALUMA, CA 8 $3,750,000 $468,750
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 27 $3,685,000 $136,481
CAPE CORAL-FORT MYERS, FL 20 $3,580,000 $179,000
WICHITA, KS 21 $3,515,000 $167,381
LOUISVILLE/JEFFERSON COUNTY, KY-IN 19 $3,495,000 $183,947
SAN LUIS OBISPO-PASO ROBLES, CA 11 $3,495,000 $317,727
STOCKTON, CA 14 $3,470,000 $247,857
RICHMOND, VA 17 $3,435,000 $202,059
MILWAUKEE-WAUKESHA, WI 15 $3,395,000 $226,333
BROWNSVILLE-HARLINGEN, TX 22 $3,300,000 $150,000
FRESNO, CA 17 $3,225,000 $189,706
GREENVILLE-ANDERSON, SC 23 $3,205,000 $139,348
ASHEVILLE, NC 20 $3,180,000 $159,000
MODESTO, CA 11 $3,175,000 $288,636
TOLEDO, OH 20 $3,150,000 $157,500
BOISE CITY, ID 16 $3,130,000 $195,625
BLOOMINGTON, IL 24 $3,100,000 $129,167
KNOXVILLE, TN 22 $3,090,000 $140,455
FLAGSTAFF, AZ 14 $3,030,000 $216,429
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 13 $3,015,000 $231,923
OLYMPIA-LACEY-TUMWATER, WA 16 $2,970,000 $185,625
SPOKANE-SPOKANE VALLEY, WA 15 $2,915,000 $194,333
GRAND JUNCTION, CO 15 $2,865,000 $191,000
GARY, IN 13 $2,845,000 $218,846
VISALIA, CA 13 $2,745,000 $211,154
BRIDGEPORT-STAMFORD-NORWALK, CT 11 $2,735,000 $248,636
MEMPHIS, TN-MS-AR 16 $2,730,000 $170,625
FORT COLLINS, CO 10 $2,690,000 $269,000
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 5 $2,665,000 $533,000
PALM BAY-MELBOURNE-TITUSVILLE, FL 17 $2,655,000 $156,176
PORT ST. LUCIE, FL 13 $2,605,000 $200,385
ANAHEIM-SANTA ANA-IRVINE, CA 7 $2,535,000 $362,143
SPRINGFIELD, MA 14 $2,510,000 $179,286
EUGENE-SPRINGFIELD, OR 14 $2,510,000 $179,286
KENNEWICK-RICHLAND, WA 11 $2,485,000 $225,909
TALLAHASSEE, FL 19 $2,465,000 $129,737
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 13 $2,415,000 $185,769
BEND, OR 12 $2,380,000 $198,333
MEDFORD, OR 10 $2,340,000 $234,000
SANTA MARIA-SANTA BARBARA, CA 6 $2,320,000 $386,667
CHICO, CA 13 $2,245,000 $172,692
PROVO-OREM, UT 9 $2,225,000 $247,222
SANTA CRUZ-WATSONVILLE, CA 4 $2,200,000 $550,000
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 11 $2,195,000 $199,545
ODESSA, TX 11 $2,135,000 $194,091
HOMOSASSA SPRINGS, FL 14 $2,130,000 $152,143
TYLER, TX 12 $2,100,000 $175,000
YAKIMA, WA 10 $2,090,000 $209,000
VALLEJO, CA 6 $2,060,000 $343,333
LONGVIEW, WA 9 $2,045,000 $227,222
MANCHESTER-NASHUA, NH 9 $2,045,000 $227,222
NAPLES-MARCO ISLAND, FL 9 $2,025,000 $225,000
DAYTON-KETTERING, OH 11 $1,995,000 $181,364
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 9 $1,985,000 $220,556
FAYETTEVILLE, NC 12 $1,970,000 $164,167
PUEBLO, CO 12 $1,970,000 $164,167
HAMMOND, LA 9 $1,865,000 $207,222
AUGUSTA-RICHMOND COUNTY, GA-SC 13 $1,865,000 $143,462
WINSTON-SALEM, NC 12 $1,860,000 $155,000
SAVANNAH, GA 10 $1,790,000 $179,000
SPARTANBURG, SC 11 $1,785,000 $162,273
BIRMINGHAM-HOOVER, AL 11 $1,775,000 $161,364
KILLEEN-TEMPLE, TX 9 $1,755,000 $195,000
DULUTH, MN-WI 9 $1,745,000 $193,889
ELIZABETHTOWN-FORT KNOX, KY 8 $1,700,000 $212,500
VALDOSTA, GA 11 $1,695,000 $154,091
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 8 $1,690,000 $211,250
LEXINGTON-FAYETTE, KY 10 $1,680,000 $168,000
HICKORY-LENOIR-MORGANTON, NC 13 $1,665,000 $128,077
LAKE COUNTY-KENOSHA COUNTY, IL-WI 7 $1,635,000 $233,571
OKLAHOMA CITY, OK 11 $1,615,000 $146,818
PORTLAND-SOUTH PORTLAND, ME 9 $1,595,000 $177,222
ELGIN, IL 7 $1,595,000 $227,857
MOBILE, AL 12 $1,590,000 $132,500
BOULDER, CO 4 $1,590,000 $397,500
REDDING, CA 7 $1,525,000 $217,857
WENATCHEE, WA 9 $1,435,000 $159,444
JACKSONVILLE, NC 6 $1,400,000 $233,333
ALBUQUERQUE, NM 9 $1,395,000 $155,000
SALINAS, CA 3 $1,395,000 $465,000
FLINT, MI 7 $1,385,000 $197,857
BARNSTABLE TOWN, MA 5 $1,385,000 $277,000
LYNCHBURG, VA 11 $1,365,000 $124,091
GRAND RAPIDS-KENTWOOD, MI 9 $1,325,000 $147,222
MIDLAND, TX 7 $1,315,000 $187,857
LANCASTER, PA 7 $1,315,000 $187,857
CLARKSVILLE, TN-KY 11 $1,305,000 $118,636
GAINESVILLE, GA 6 $1,290,000 $215,000
WILMINGTON, NC 8 $1,290,000 $161,250
KINGSPORT-BRISTOL, TN-VA 8 $1,280,000 $160,000
CHEYENNE, WY 6 $1,260,000 $210,000
DURHAM-CHAPEL HILL, NC 8 $1,250,000 $156,250
HUNTINGTON-ASHLAND, WV-KY-OH 10 $1,240,000 $124,000
TULSA, OK 9 $1,235,000 $137,222
WALLA WALLA, WA 7 $1,225,000 $175,000
JOHNSON CITY, TN 7 $1,215,000 $173,571
KANSAS CITY, MO-KS 5 $1,215,000 $243,000
WEIRTON-STEUBENVILLE, WV-OH 8 $1,170,000 $146,250
HAGERSTOWN-MARTINSBURG, MD-WV 6 $1,150,000 $191,667
PEORIA, IL 10 $1,150,000 $115,000
GREENSBORO-HIGH POINT, NC 9 $1,145,000 $127,222
CHATTANOOGA, TN-GA 8 $1,120,000 $140,000
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 7 $1,105,000 $157,857
JACKSON, MI 7 $1,085,000 $155,000
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 7 $1,085,000 $155,000
COEUR D'ALENE, ID 5 $1,075,000 $215,000
PANAMA CITY, FL 6 $1,070,000 $178,333
TRENTON-PRINCETON, NJ 4 $1,040,000 $260,000
ATHENS-CLARKE COUNTY, GA 7 $1,025,000 $146,429
GREEN BAY, WI 4 $1,010,000 $252,500
OCEAN CITY, NJ 4 $1,010,000 $252,500
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 8 $1,010,000 $126,250
YUBA CITY, CA 5 $1,005,000 $201,000
ELKHART-GOSHEN, IN 5 $1,005,000 $201,000
PENSACOLA-FERRY PASS-BRENT, FL 6 $970,000 $161,667
GRANTS PASS, OR 5 $955,000 $191,000
THE VILLAGES, FL 5 $915,000 $183,000
EAST STROUDSBURG, PA 6 $880,000 $146,667
MISSOULA, MT 4 $870,000 $217,500
SIERRA VISTA-DOUGLAS, AZ 7 $855,000 $122,143
SHREVEPORT-BOSSIER CITY, LA 5 $815,000 $163,000
BEAUMONT-PORT ARTHUR, TX 5 $815,000 $163,000
LANSING-EAST LANSING, MI 7 $805,000 $115,000
WACO, TX 5 $785,000 $157,000
MORGANTOWN, WV 5 $785,000 $157,000
GULFPORT-BILOXI, MS 8 $780,000 $97,500
WINCHESTER, VA-WV 4 $760,000 $190,000
LONGVIEW, TX 6 $740,000 $123,333
CARBONDALE-MARION, IL 6 $740,000 $123,333
ROANOKE, VA 5 $735,000 $147,000
MACON-BIBB COUNTY, GA 6 $730,000 $121,667
MONTGOMERY, AL 4 $710,000 $177,500
BOWLING GREEN, KY 3 $705,000 $235,000
BELLINGHAM, WA 3 $705,000 $235,000
MOUNT VERNON-ANACORTES, WA 4 $700,000 $175,000
EVANSVILLE, IN-KY 4 $700,000 $175,000
BILLINGS, MT 3 $695,000 $231,667
NORWICH-NEW LONDON, CT 4 $690,000 $172,500
DOTHAN, AL 4 $670,000 $167,500
SHERMAN-DENISON, TX 5 $665,000 $133,000
RACINE, WI 3 $635,000 $211,667
GETTYSBURG, PA 3 $625,000 $208,333
YORK-HANOVER, PA 3 $625,000 $208,333
SIOUX FALLS, SD 3 $615,000 $205,000
FLORENCE, SC 2 $580,000 $290,000
RAPID CITY, SD 4 $580,000 $145,000
HILTON HEAD ISLAND-BLUFFTON, SC 4 $580,000 $145,000
CHAMBERSBURG-WAYNESBORO, PA 2 $550,000 $275,000
GOLDSBORO, NC 5 $545,000 $109,000
COLUMBUS, GA-AL 4 $540,000 $135,000
CORPUS CHRISTI, TX 2 $530,000 $265,000
AUBURN-OPELIKA, AL 3 $525,000 $175,000
CEDAR RAPIDS, IA 2 $520,000 $260,000
VINELAND-BRIDGETON, NJ 3 $515,000 $171,667
BLOOMINGTON, IN 3 $515,000 $171,667
CALIFORNIA-LEXINGTON PARK, MD 2 $510,000 $255,000
MONROE, LA 4 $510,000 $127,500
DECATUR, AL 4 $510,000 $127,500
SPRINGFIELD, OH 3 $485,000 $161,667
ALEXANDRIA, LA 3 $485,000 $161,667
ANN ARBOR, MI 3 $485,000 $161,667
BURLINGTON, NC 4 $480,000 $120,000
KANKAKEE, IL 2 $470,000 $235,000
MANSFIELD, OH 4 $470,000 $117,500
SCRANTON--WILKES-BARRE, PA 4 $470,000 $117,500
WHEELING, WV-OH 5 $465,000 $93,000
CORVALLIS, OR 2 $460,000 $230,000
READING, PA 4 $460,000 $115,000
LAS CRUCES, NM 3 $455,000 $151,667
ATLANTIC CITY-HAMMONTON, NJ 2 $430,000 $215,000
HARRISONBURG, VA 2 $430,000 $215,000
SEBASTIAN-VERO BEACH, FL 3 $425,000 $141,667
EL PASO, TX 2 $420,000 $210,000
DALTON, GA 3 $415,000 $138,333
LUBBOCK, TX 2 $410,000 $205,000
HARRISBURG-CARLISLE, PA 3 $405,000 $135,000
MADISON, WI 2 $400,000 $200,000
COLLEGE STATION-BRYAN, TX 2 $400,000 $200,000
SUMTER, SC 3 $395,000 $131,667
TOPEKA, KS 3 $385,000 $128,333
HOT SPRINGS, AR 1 $385,000 $385,000
WAUSAU-WESTON, WI 2 $380,000 $190,000
TEXARKANA, TX-AR 3 $375,000 $125,000
YUMA, AZ 3 $375,000 $125,000
HUNTSVILLE, AL 2 $370,000 $185,000
CASPER, WY 2 $370,000 $185,000
BLACKSBURG-CHRISTIANSBURG, VA 3 $365,000 $121,667
HOUMA-THIBODAUX, LA 3 $355,000 $118,333
ST. LOUIS, MO-IL 2 $350,000 $175,000
FOND DU LAC, WI 2 $350,000 $175,000
MORRISTOWN, TN 1 $335,000 $335,000
FORT WAYNE, IN 2 $330,000 $165,000
SAN RAFAEL, CA 1 $325,000 $325,000
SHEBOYGAN, WI 2 $310,000 $155,000
SOUTH BEND-MISHAWAKA, IN-MI 3 $305,000 $101,667
NILES, MI 3 $305,000 $101,667
JACKSON, MS 2 $300,000 $150,000
GREENVILLE, NC 2 $300,000 $150,000
FLORENCE-MUSCLE SHOALS, AL 2 $300,000 $150,000
EL CENTRO, CA 1 $285,000 $285,000
CHARLOTTESVILLE, VA 2 $280,000 $140,000
IDAHO FALLS, ID 2 $280,000 $140,000
WILLIAMSPORT, PA 2 $270,000 $135,000
BANGOR, ME 2 $270,000 $135,000
ROCKY MOUNT, NC 2 $260,000 $130,000
JANESVILLE-BELOIT, WI 1 $255,000 $255,000
CLEVELAND, TN 3 $255,000 $85,000
HANFORD-CORCORAN, CA 1 $255,000 $255,000
ST. GEORGE, UT 1 $245,000 $245,000
BURLINGTON-SOUTH BURLINGTON, VT 1 $245,000 $245,000
CHAMPAIGN-URBANA, IL 2 $240,000 $120,000
ABILENE, TX 2 $240,000 $120,000
CUMBERLAND, MD-WV 2 $240,000 $120,000
PINE BLUFF, AR 2 $240,000 $120,000
STATE COLLEGE, PA 2 $240,000 $120,000
GADSDEN, AL 1 $225,000 $225,000
JACKSON, TN 2 $220,000 $110,000
ST. CLOUD, MN 1 $215,000 $215,000
POCATELLO, ID 1 $215,000 $215,000
WICHITA FALLS, TX 1 $215,000 $215,000
GRAND FORKS, ND-MN 1 $215,000 $215,000
OWENSBORO, KY 1 $205,000 $205,000
FORT SMITH, AR-OK 2 $200,000 $100,000
LEWISTON-AUBURN, ME 1 $195,000 $195,000
NEW BERN, NC 2 $190,000 $95,000
HATTIESBURG, MS 2 $190,000 $95,000
GREAT FALLS, MT 1 $185,000 $185,000
OMAHA-COUNCIL BLUFFS, NE-IA 1 $185,000 $185,000
ANNISTON-OXFORD, AL 2 $170,000 $85,000
ANCHORAGE, AK 1 $165,000 $165,000
ROME, GA 1 $165,000 $165,000
FARGO, ND-MN 1 $165,000 $165,000
LEWISTON, ID-WA 1 $165,000 $165,000
ERIE, PA 1 $165,000 $165,000
CHARLESTON, WV 2 $160,000 $80,000
TERRE HAUTE, IN 1 $155,000 $155,000
SAGINAW, MI 1 $155,000 $155,000
APPLETON, WI 1 $155,000 $155,000
EAU CLAIRE, WI 1 $155,000 $155,000
SIOUX CITY, IA-NE-SD 1 $155,000 $155,000
BECKLEY, WV 2 $150,000 $75,000
LOGAN, UT-ID 1 $145,000 $145,000
LAWTON, OK 2 $140,000 $70,000
SEBRING-AVON PARK, FL 1 $135,000 $135,000
KOKOMO, IN 1 $135,000 $135,000
FARMINGTON, NM 1 $135,000 $135,000
HINESVILLE, GA 1 $135,000 $135,000
WARNER ROBINS, GA 1 $135,000 $135,000
TUSCALOOSA, AL 1 $125,000 $125,000
SPRINGFIELD, IL 1 $125,000 $125,000
AMARILLO, TX 1 $125,000 $125,000
PITTSFIELD, MA 1 $115,000 $115,000
KALAMAZOO-PORTAGE, MI 1 $115,000 $115,000
MIDLAND, MI 1 $115,000 $115,000
STAUNTON, VA 1 $105,000 $105,000
DECATUR, IL 1 $105,000 $105,000
LIMA, OH 1 $105,000 $105,000
DES MOINES-WEST DES MOINES, IA 1 $95,000 $95,000
BATTLE CREEK, MI 1 $75,000 $75,000
BRUNSWICK, GA 1 $75,000 $75,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
<2.5% 62 $650,000 $10,484
2.5-3% 44 $2,430,000 $55,227
3-4% 3,392 $829,460,000 $244,534
4-5% 4,453 $911,175,000 $204,620
5-6% 1,657 $281,355,000 $169,798
6-7% 26 $4,110,000 $158,077

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 1,098 $81,240,000 $73,989
$100k-200k 4,199 $629,325,000 $149,875
$200k-400k 3,655 $983,575,000 $269,104
$400k-600k 604 $281,740,000 $466,457
$600k-1000k 77 $52,185,000 $677,727
$Over $1MM 1 $1,115,000 $1,115,000

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 125 $17,215,000 $137,720
40-60% 553 $104,795,000 $189,503
60-80% 2,130 $463,270,000 $217,498
80-100% 6,451 $1,373,585,000 $212,926
Over 100% 199 $54,275,000 $272,739
Under 20% 114 $1,860,000 $16,316

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 1,292 $358,760,000 $277,678
$150k-250k 478 $161,250,000 $337,343
$50k-75k 2,702 $512,730,000 $189,759
$50k-or less 3,403 $575,485,000 $169,111
$75k-100k 1,625 $376,675,000 $231,800
$Over $250k 89 $33,605,000 $377,584

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 8,223 $1,696,165,000 $206,271
Black 829 $176,045,000 $212,358
Asian 214 $68,320,000 $319,252
Not provided 299 $66,645,000 $222,893
Native Hawaiian 33 $15,055,000 $456,212
American Indian 35 $6,635,000 $189,571
Asian Indian 1 $315,000 $315,000

Approval Rates

Total approvals of all applications
89.58%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
74.14%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
NA 9,634 $2,029,180,000 $210,627

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 2,717 $525,485,000 $193,406
$1k-2k 1,856 $412,030,000 $221,999
$2k-3k 1,091 $207,245,000 $189,959
$3k-4k 2,048 $364,200,000 $177,832
$5k+ 1,821 $499,745,000 $274,434

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 2,148 $321,610,000 $149,725
Single Family (1-4 Units):Site-Built 7,486 $1,707,570,000 $228,102