Hamilton Mortgage Corporation Rates, Fees & Info
Birmingham, ALLEI: 254900XPILOY1LB5CK32
Tax ID: 63-1000598
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Mortgage Data
Review & Overview
Hamilton Mortgage Corporation is a smaller mortgage company specializing in Home Purchase loans. Hamilton Mortgage Corporation has an average proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Birmingham, Huntsville, Hattiesburg, Beaumont, and Albertville among others. We have data for 41 markets. (Some data included below & more in-depth data is available with an active subscription.)Hamilton Mortgage Corporation 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. Hamilton Mortgage Corporation 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.16% | 4/16/25 |
| 30 Year Conventional Refi | 7.07% | 4/16/25 |
| 30 Year FHA Purchase | 7.19% | 4/16/25 |
| 30 Year FHA Refi | 7.10% | 4/16/25 |
| 30 Year VA Purchase | 6.80% | 4/16/25 |
| 30 Year VA Refi | 6.77% | 4/16/25 |
| 30 Year USDA Purchase | 7.00% | 4/16/25 |
| 15 Year Conventional Purchase | 6.95% | 4/16/25 |
| 15 Year Conventional Refi | 6.00% | 4/16/25 |
| 15 Year Cash-out Refi | 6.00% | 4/16/25 |
| 15 Year FHA Purchase | 6.93% | 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. | ||
Hamilton Mortgage Corporation Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
506Origination Dollar Volume (All Markets)
$95,450,000Awards
Hamilton Mortgage Corporation - 2024
Hamilton Mortgage Corporation is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Hamilton Mortgage Corporation's average 30 year fixed mortgage rate was
6.48%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.07%.
Relative Fees (Closing Costs)
Hamilton Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,051.
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 |
|---|---|---|---|---|---|
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 166 | $25,370,000 | $152,831 | $5,259 | 6.49% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 64 | $12,650,000 | $197,656 | $5,944 | 6.22% |
| Outside of Metro Areas | 32 | $9,570,000 | $299,063 | $9,962 | 6.42% |
| HATTIESBURG, MS (FHA|USDA|VA) | 20 | $6,260,000 | $313,000 | $7,370 | 6.75% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 13 | $4,385,000 | $337,308 | $12,107 | 6.35% |
| Albertville, AL (FHA|USDA|VA) | 27 | $3,665,000 | $135,741 | $4,175 | 6.35% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 10 | $3,410,000 | $341,000 | $11,629 | 6.46% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 7 | $2,855,000 | $407,857 | $11,795 | 6.30% |
| MONTGOMERY, AL (FHA|USDA|VA) | 14 | $2,570,000 | $183,571 | $6,436 | 6.42% |
| JACKSON, MS (FHA|USDA|VA) | 11 | $2,515,000 | $228,636 | $6,363 | 6.86% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 27 | $2,185,000 | $80,926 | $3,445 | 6.55% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 6 | $2,060,000 | $343,333 | $10,461 | 6.27% |
| Laurel, MS (FHA|USDA|VA) | 7 | $1,755,000 | $250,714 | $5,897 | 6.80% |
| DECATUR, AL (FHA|USDA|VA) | 11 | $1,645,000 | $149,545 | $6,896 | 6.13% |
| MOBILE, AL (FHA|USDA|VA) | 10 | $1,280,000 | $128,000 | $4,878 | 6.49% |
| Cullman, AL (FHA|USDA|VA) | 8 | $1,190,000 | $148,750 | $5,409 | 5.98% |
| Selma, AL (FHA|USDA|VA) | 9 | $1,095,000 | $121,667 | $4,903 | 6.60% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 6 | $820,000 | $136,667 | $5,252 | 6.38% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $16,329 | 6.37% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 7 | $735,000 | $105,000 | $4,948 | 6.89% |
| GADSDEN, AL (FHA|USDA|VA) | 7 | $665,000 | $95,000 | $3,985 | 6.34% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $16,235 | 6.00% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $15,118 | 7.63% |
| Beeville, TX (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $12,201 | 6.25% |
| Troy, AL (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $7,437 | 6.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $9,393 | 6.63% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 6 | $490,000 | $81,667 | $4,939 | 6.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $10,928 | 7.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 4 | $430,000 | $107,500 | $4,826 | 6.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $4,452 | 6.81% |
| Brenham, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $17,411 | 6.25% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $12,982 | 6.25% |
| Fort Payne, AL (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $4,420 | 6.06% |
| Rockport, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $15,178 | 6.13% |
| Alice, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $9,582 | 6.75% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $5,360 | 5.92% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,136 | 7.50% |
| Eufaula, AL-GA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $7,323 | 7.13% |
| Alexander City, AL (FHA|USDA|VA) | 4 | $280,000 | $70,000 | $3,857 | 5.50% |
| DOTHAN, AL (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $5,665 | 7.13% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,133 | 5.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against Hamilton Mortgage Corporation 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
For 2024, Hamilton Mortgage Corporation's most frequently originated type of loan was Conventional, with 228 originations. Their 2nd most popular type was FHA, with 202 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 457 | $82,525,000 | $180,580 | $6,262 | 6.39% |
| Refi | 49 | $12,925,000 | $263,776 | $6,689 | 6.79% |
For 2024, Hamilton Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 457 originations. The 2nd most popular reason was Refi, with 49 originations.
Loan Duration/Length
For 2024, Hamilton Mortgage Corporation's most frequently cited loan duration was 30 Year, with 394 originations. The 2nd most popular length was 10 Year, with 108 originations.
Origination Fees/Closing Costs
Hamilton Mortgage Corporation's average total fees were $8,051, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 132 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 288 | $61,880,000 | $214,861 |
| 5-6% | 136 | $18,330,000 | $134,779 |
| 7-8% | 82 | $15,240,000 | $185,854 |
During 2024, Hamilton Mortgage Corporation's average interest rate for loans was 6.48%, while their most frequently originated rate bucket for loans was 6-7%, with 288 originations.
Loan Sizing
2024 saw Hamilton Mortgage Corporation place emphasis on $200k-400k loans with 202 originations, totaling $56,060,000 in origination value.
Applicant Income
Hamilton Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 156 originations. The second most popular income band? $75k-100k, with 123 originations.
Applicant Debt to Income Ratio
Hamilton Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 119 originations. The next most common DTI ratio? 20-30%, with 88 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.43%
Hamilton Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination76.48%
Hamilton Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 506 | $95,450,000 | $188,636 |