Paramount Residential Mortgage Group Inc.

CORONA, CA 92879

LEI: 254900ZFWS2106HWPH46

Tax ID: 33-0975529

2019 Data | 2018 Data


Overview

Paramount Residential Mortgage Group Inc. is a mid-sized mortgage company specializing in Home Purchase loans. Paramount Residential Mortgage Group Inc. 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 Miami, Riverside, Fort Lauderdale, Los Angeles, and Phoenix 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. Paramount Residential Mortgage Group Inc. is typically a normal fee medium-low fee lendor.


Originations

26,797

Origination Dollar Volume (All Markets)

$7,048,455,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 14,433 $3,776,025,000 $261,624
FHA 9,644 $2,469,580,000 $256,074
VA 2,493 $761,875,000 $305,606
USDA 227 $40,975,000 $180,507

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 18,201 $4,506,375,000 $247,589
Home Improvement 29 $6,675,000 $230,172
Other 499 $120,585,000 $241,653
Refi 4,031 $1,251,805,000 $310,545
Cash Out Refi 4,037 $1,163,015,000 $288,089

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
MIAMI-MIAMI BEACH-KENDALL, FL 2,647 $696,705,000 $263,206
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 2,588 $584,730,000 $225,939
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 1,792 $481,320,000 $268,594
LOS ANGELES-LONG BEACH-GLENDALE, CA 1,075 $413,055,000 $384,237
PHOENIX-MESA-CHANDLER, AZ 1,449 $382,485,000 $263,965
DENVER-AURORA-LAKEWOOD, CO 941 $248,045,000 $263,597
Outside of Metro Areas 1,126 $233,730,000 $207,575
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 519 $200,725,000 $386,753
ANAHEIM-SANTA ANA-IRVINE, CA 397 $189,975,000 $478,526
SACRAMENTO-ROSEVILLE-FOLSOM, CA 566 $164,190,000 $290,088
ORLANDO-KISSIMMEE-SANFORD, FL 664 $148,970,000 $224,352
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 589 $147,165,000 $249,856
NEW BRUNSWICK-LAKEWOOD, NJ 457 $128,145,000 $280,405
TACOMA-LAKEWOOD, WA 402 $122,970,000 $305,896
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 518 $116,410,000 $224,730
DALLAS-PLANO-IRVING, TX 390 $113,480,000 $290,974
TAMPA-ST. PETERSBURG-CLEARWATER, FL 527 $111,235,000 $211,072
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 504 $108,710,000 $215,694
NEWARK, NJ-PA 309 $98,145,000 $317,621
OAKLAND-BERKELEY-LIVERMORE, CA 201 $86,225,000 $428,980
AUSTIN-ROUND ROCK-GEORGETOWN, TX 247 $75,685,000 $306,417
LAS VEGAS-HENDERSON-PARADISE, NV 290 $72,980,000 $251,655
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 251 $61,495,000 $245,000
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 183 $61,045,000 $333,579
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 114 $60,780,000 $533,158
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 164 $54,010,000 $329,329
SEATTLE-BELLEVUE-KENT, WA 143 $50,265,000 $351,503
CAPE CORAL-FORT MYERS, FL 248 $49,530,000 $199,718
FORT WORTH-ARLINGTON-GRAPEVINE, TX 198 $48,750,000 $246,212
MILWAUKEE-WAUKESHA, WI 229 $48,515,000 $211,856
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 133 $46,925,000 $352,820
OXNARD-THOUSAND OAKS-VENTURA, CA 124 $46,700,000 $376,613
BALTIMORE-COLUMBIA-TOWSON, MD 145 $39,085,000 $269,552
CINCINNATI, OH-KY-IN 200 $38,760,000 $193,800
PORT ST. LUCIE, FL 175 $37,805,000 $216,029
STOCKTON, CA 140 $36,670,000 $261,929
CHICAGO-NAPERVILLE-EVANSTON, IL 164 $35,340,000 $215,488
OLYMPIA-LACEY-TUMWATER, WA 122 $34,980,000 $286,721
NORTH PORT-SARASOTA-BRADENTON, FL 136 $33,190,000 $244,044
GREELEY, CO 131 $32,845,000 $250,725
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 82 $30,830,000 $375,976
SANTA CRUZ-WATSONVILLE, CA 60 $28,440,000 $474,000
LAKELAND-WINTER HAVEN, FL 145 $28,325,000 $195,345
COLORADO SPRINGS, CO 126 $28,310,000 $224,683
JACKSONVILLE, FL 132 $27,870,000 $211,136
VALLEJO, CA 90 $26,300,000 $292,222
CHICO, CA 96 $26,190,000 $272,813
BAKERSFIELD, CA 149 $26,075,000 $175,000
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 102 $25,510,000 $250,098
COLUMBUS, OH 124 $24,920,000 $200,968
URBAN HONOLULU, HI 46 $24,470,000 $531,957
SANTA ROSA-PETALUMA, CA 60 $24,200,000 $403,333
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 37 $23,905,000 $646,081
BOSTON, MA 61 $23,765,000 $389,590
MEMPHIS, TN-MS-AR 120 $22,020,000 $183,500
BOISE CITY, ID 80 $21,830,000 $272,875
TUCSON, AZ 97 $21,025,000 $216,753
SAN ANTONIO-NEW BRAUNFELS, TX 93 $20,485,000 $220,269
MODESTO, CA 78 $19,960,000 $255,897
CAMDEN, NJ 94 $19,670,000 $209,255
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 87 $18,715,000 $215,115
SPOKANE-SPOKANE VALLEY, WA 75 $15,635,000 $208,467
CLEVELAND-ELYRIA, OH 99 $15,575,000 $157,323
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 43 $15,155,000 $352,442
RENO, NV 49 $14,965,000 $305,408
CHARLOTTE-CONCORD-GASTONIA, NC-SC 66 $14,890,000 $225,606
WORCESTER, MA-CT 58 $14,400,000 $248,276
LINCOLN, NE 76 $13,790,000 $181,447
SALT LAKE CITY, UT 45 $13,705,000 $304,556
PRESCOTT VALLEY-PRESCOTT, AZ 57 $12,825,000 $225,000
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 63 $12,725,000 $201,984
SAN LUIS OBISPO-PASO ROBLES, CA 26 $12,690,000 $488,077
OKLAHOMA CITY, OK 72 $12,620,000 $175,278
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 46 $12,600,000 $273,913
PALM BAY-MELBOURNE-TITUSVILLE, FL 64 $12,330,000 $192,656
REDDING, CA 61 $11,795,000 $193,361
ST. LOUIS, MO-IL 59 $11,775,000 $199,576
MANCHESTER-NASHUA, NH 41 $11,135,000 $271,585
SALINAS, CA 26 $11,080,000 $426,154
WARREN-TROY-FARMINGTON HILLS, MI 48 $10,040,000 $209,167
GREENVILLE-ANDERSON, SC 53 $9,845,000 $185,755
PROVO-OREM, UT 30 $9,230,000 $307,667
LAKE HAVASU CITY-KINGMAN, AZ 39 $9,125,000 $233,974
SAN RAFAEL, CA 13 $9,025,000 $694,231
GARY, IN 49 $8,795,000 $179,490
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 35 $8,785,000 $251,000
PROVIDENCE-WARWICK, RI-MA 33 $8,715,000 $264,091
FRESNO, CA 44 $8,600,000 $195,455
HOUMA-THIBODAUX, LA 42 $7,700,000 $183,333
MERCED, CA 30 $7,670,000 $255,667
LAKE COUNTY-KENOSHA COUNTY, IL-WI 28 $7,290,000 $260,357
BOULDER, CO 26 $7,160,000 $275,385
PHILADELPHIA, PA 35 $7,055,000 $201,571
YUBA CITY, CA 26 $6,890,000 $265,000
FLAGSTAFF, AZ 21 $6,885,000 $327,857
FORT COLLINS, CO 22 $6,790,000 $308,636
INDIANAPOLIS-CARMEL-ANDERSON, IN 33 $6,725,000 $203,788
TULSA, OK 40 $6,690,000 $167,250
OGDEN-CLEARFIELD, UT 25 $6,655,000 $266,200
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 25 $6,605,000 $264,200
RICHMOND, VA 26 $6,450,000 $248,077
PUNTA GORDA, FL 36 $6,450,000 $179,167
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 32 $6,270,000 $195,938
ELGIN, IL 28 $5,990,000 $213,929
WILMINGTON, DE-MD-NJ 23 $5,895,000 $256,304
COLUMBIA, SC 29 $5,775,000 $199,138
MCALLEN-EDINBURG-MISSION, TX 39 $5,705,000 $146,282
SANTA MARIA-SANTA BARBARA, CA 21 $5,505,000 $262,143
BEND, OR 14 $5,130,000 $366,429
KINGSPORT-BRISTOL, TN-VA 34 $5,130,000 $150,882
RALEIGH-CARY, NC 23 $5,055,000 $219,783
BREMERTON-SILVERDALE-PORT ORCHARD, WA 15 $4,975,000 $331,667
LAREDO, TX 25 $4,955,000 $198,200
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 20 $4,770,000 $238,500
RACINE, WI 27 $4,755,000 $176,111
OCALA, FL 27 $4,605,000 $170,556
PITTSBURGH, PA 27 $4,535,000 $167,963
KNOXVILLE, TN 20 $4,400,000 $220,000
SEBRING-AVON PARK, FL 31 $4,305,000 $138,871
SPRINGFIELD, MA 20 $4,300,000 $215,000
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 11 $4,125,000 $375,000
SALEM, OR 16 $4,110,000 $256,875
SIOUX FALLS, SD 19 $4,095,000 $215,526
VISALIA, CA 23 $4,095,000 $178,043
YORK-HANOVER, PA 22 $4,060,000 $184,545
EL CENTRO, CA 33 $4,055,000 $122,879
CLARKSVILLE, TN-KY 21 $4,055,000 $193,095
LAFAYETTE, LA 28 $4,040,000 $144,286
GRAND JUNCTION, CO 25 $3,985,000 $159,400
CHARLESTON-NORTH CHARLESTON, SC 13 $3,965,000 $305,000
OMAHA-COUNCIL BLUFFS, NE-IA 18 $3,860,000 $214,444
NEW ORLEANS-METAIRIE, LA 13 $3,835,000 $295,000
MADISON, WI 16 $3,820,000 $238,750
EAST STROUDSBURG, PA 15 $3,745,000 $249,667
LOUISVILLE/JEFFERSON COUNTY, KY-IN 19 $3,675,000 $193,421
KANSAS CITY, MO-KS 21 $3,655,000 $174,048
ATLANTIC CITY-HAMMONTON, NJ 15 $3,475,000 $231,667
COEUR D'ALENE, ID 12 $3,320,000 $276,667
CHARLOTTESVILLE, VA 8 $3,270,000 $408,750
FAYETTEVILLE, NC 21 $3,105,000 $147,857
ALBUQUERQUE, NM 16 $3,100,000 $193,750
BRIDGEPORT-STAMFORD-NORWALK, CT 11 $2,965,000 $269,545
SALISBURY, MD-DE 11 $2,955,000 $268,636
HARRISBURG-CARLISLE, PA 16 $2,940,000 $183,750
TOLEDO, OH 15 $2,915,000 $194,333
MADERA, CA 15 $2,835,000 $189,000
BIRMINGHAM-HOOVER, AL 13 $2,795,000 $215,000
GAINESVILLE, GA 13 $2,755,000 $211,923
WINSTON-SALEM, NC 15 $2,705,000 $180,333
PENSACOLA-FERRY PASS-BRENT, FL 13 $2,525,000 $194,231
KENNEWICK-RICHLAND, WA 8 $2,520,000 $315,000
TRENTON-PRINCETON, NJ 11 $2,505,000 $227,727
TYLER, TX 12 $2,480,000 $206,667
CHATTANOOGA, TN-GA 8 $2,480,000 $310,000
MEDFORD, OR 10 $2,460,000 $246,000
DURHAM-CHAPEL HILL, NC 10 $2,440,000 $244,000
PORTLAND-SOUTH PORTLAND, ME 8 $2,390,000 $298,750
APPLETON, WI 12 $2,360,000 $196,667
CARSON CITY, NV 9 $2,305,000 $256,111
HAGERSTOWN-MARTINSBURG, MD-WV 13 $2,305,000 $177,308
ASHEVILLE, NC 9 $2,295,000 $255,000
GREENSBORO-HIGH POINT, NC 10 $2,280,000 $228,000
DES MOINES-WEST DES MOINES, IA 11 $2,245,000 $204,091
MOUNT VERNON-ANACORTES, WA 9 $2,245,000 $249,444
LANCASTER, PA 11 $2,225,000 $202,273
BATON ROUGE, LA 10 $2,220,000 $222,000
NEW HAVEN-MILFORD, CT 11 $2,215,000 $201,364
EL PASO, TX 10 $2,200,000 $220,000
BARNSTABLE TOWN, MA 7 $2,185,000 $312,143
MORRISTOWN, TN 13 $2,175,000 $167,308
GREEN BAY, WI 14 $2,160,000 $154,286
JOHNSON CITY, TN 13 $2,085,000 $160,385
OCEAN CITY, NJ 10 $2,040,000 $204,000
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 12 $2,020,000 $168,333
PUEBLO, CO 14 $1,980,000 $141,429
CALIFORNIA-LEXINGTON PARK, MD 6 $1,920,000 $320,000
FARGO, ND-MN 8 $1,920,000 $240,000
AKRON, OH 12 $1,910,000 $159,167
SEBASTIAN-VERO BEACH, FL 11 $1,855,000 $168,636
SHREVEPORT-BOSSIER CITY, LA 11 $1,835,000 $166,818
DETROIT-DEARBORN-LIVONIA, MI 9 $1,755,000 $195,000
CANTON-MASSILLON, OH 8 $1,750,000 $218,750
AUGUSTA-RICHMOND COUNTY, GA-SC 9 $1,745,000 $193,889
GAINESVILLE, FL 11 $1,695,000 $154,091
YAKIMA, WA 7 $1,665,000 $237,857
MIDLAND, TX 6 $1,660,000 $276,667
ELIZABETHTOWN-FORT KNOX, KY 7 $1,655,000 $236,429
KILLEEN-TEMPLE, TX 10 $1,610,000 $161,000
LOGAN, UT-ID 7 $1,605,000 $229,286
ST. CLOUD, MN 7 $1,595,000 $227,857
HILTON HEAD ISLAND-BLUFFTON, SC 7 $1,575,000 $225,000
BELLINGHAM, WA 5 $1,545,000 $309,000
JACKSON, MS 9 $1,535,000 $170,556
READING, PA 11 $1,515,000 $137,727
LEXINGTON-FAYETTE, KY 7 $1,485,000 $212,143
HOMOSASSA SPRINGS, FL 10 $1,480,000 $148,000
NAPLES-MARCO ISLAND, FL 5 $1,405,000 $281,000
CEDAR RAPIDS, IA 6 $1,380,000 $230,000
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 8 $1,350,000 $168,750
JACKSON, TN 10 $1,350,000 $135,000
FOND DU LAC, WI 10 $1,330,000 $133,000
IDAHO FALLS, ID 6 $1,330,000 $221,667
TALLAHASSEE, FL 7 $1,305,000 $186,429
SIOUX CITY, IA-NE-SD 7 $1,295,000 $185,000
DAYTON-KETTERING, OH 8 $1,290,000 $161,250
ANCHORAGE, AK 4 $1,270,000 $317,500
CORPUS CHRISTI, TX 6 $1,230,000 $205,000
BRUNSWICK, GA 4 $1,220,000 $305,000
SHERMAN-DENISON, TX 6 $1,190,000 $198,333
NAPA, CA 2 $1,180,000 $590,000
ELKHART-GOSHEN, IN 5 $1,175,000 $235,000
LONGVIEW, WA 4 $1,150,000 $287,500
TUSCALOOSA, AL 6 $1,140,000 $190,000
SIERRA VISTA-DOUGLAS, AZ 7 $1,115,000 $159,286
SHEBOYGAN, WI 7 $1,105,000 $157,857
GRAND RAPIDS-KENTWOOD, MI 6 $1,060,000 $176,667
ALBANY-LEBANON, OR 4 $1,050,000 $262,500
BURLINGTON-SOUTH BURLINGTON, VT 4 $1,040,000 $260,000
ALBANY, GA 9 $1,025,000 $113,889
ST. GEORGE, UT 4 $1,020,000 $255,000
SAVANNAH, GA 3 $985,000 $328,333
FLINT, MI 5 $975,000 $195,000
MOBILE, AL 6 $960,000 $160,000
JOPLIN, MO 5 $935,000 $187,000
WALLA WALLA, WA 5 $925,000 $185,000
HUNTINGTON-ASHLAND, WV-KY-OH 3 $915,000 $305,000
JONESBORO, AR 6 $910,000 $151,667
MICHIGAN CITY-LA PORTE, IN 6 $890,000 $148,333
EAU CLAIRE, WI 4 $890,000 $222,500
YUMA, AZ 5 $885,000 $177,000
ODESSA, TX 4 $860,000 $215,000
TWIN FALLS, ID 4 $860,000 $215,000
GULFPORT-BILOXI, MS 4 $850,000 $212,500
SPARTANBURG, SC 5 $845,000 $169,000
MONROE, MI 4 $840,000 $210,000
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 5 $825,000 $165,000
ROCHESTER, MN 4 $810,000 $202,500
WACO, TX 4 $810,000 $202,500
LONGVIEW, TX 5 $795,000 $159,000
GETTYSBURG, PA 4 $770,000 $192,500
HANFORD-CORCORAN, CA 7 $765,000 $109,286
ROANOKE, VA 3 $755,000 $251,667
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 5 $755,000 $151,000
GRANTS PASS, OR 3 $745,000 $248,333
COLUMBUS, GA-AL 4 $730,000 $182,500
BILLINGS, MT 4 $730,000 $182,500
WARNER ROBINS, GA 4 $720,000 $180,000
BEAUMONT-PORT ARTHUR, TX 6 $710,000 $118,333
GREAT FALLS, MT 3 $685,000 $228,333
DULUTH, MN-WI 4 $680,000 $170,000
SPRINGFIELD, MO 4 $660,000 $165,000
LAFAYETTE-WEST LAFAYETTE, IN 3 $635,000 $211,667
WAUSAU-WESTON, WI 3 $635,000 $211,667
LAWTON, OK 3 $625,000 $208,333
PITTSFIELD, MA 2 $610,000 $305,000
DAPHNE-FAIRHOPE-FOLEY, AL 2 $610,000 $305,000
LYNCHBURG, VA 5 $605,000 $121,000
EUGENE-SPRINGFIELD, OR 2 $600,000 $300,000
SCRANTON--WILKES-BARRE, PA 5 $595,000 $119,000
THE VILLAGES, FL 3 $595,000 $198,333
MUSKEGON, MI 4 $590,000 $147,500
HUNTSVILLE, AL 3 $565,000 $188,333
HAMMOND, LA 3 $565,000 $188,333
BLACKSBURG-CHRISTIANSBURG, VA 3 $555,000 $185,000
LAKE CHARLES, LA 2 $550,000 $275,000
NORWICH-NEW LONDON, CT 3 $545,000 $181,667
COLLEGE STATION-BRYAN, TX 2 $530,000 $265,000
ROCKFORD, IL 4 $520,000 $130,000
STAUNTON, VA 2 $520,000 $260,000
KALAMAZOO-PORTAGE, MI 3 $515,000 $171,667
HARRISONBURG, VA 2 $510,000 $255,000
HATTIESBURG, MS 2 $500,000 $250,000
BOWLING GREEN, KY 2 $500,000 $250,000
ENID, OK 1 $485,000 $485,000
FAIRBANKS, AK 2 $480,000 $240,000
LAS CRUCES, NM 2 $470,000 $235,000
OSHKOSH-NEENAH, WI 3 $465,000 $155,000
DECATUR, AL 2 $450,000 $225,000
LEWISTON-AUBURN, ME 2 $450,000 $225,000
SANTA FE, NM 1 $435,000 $435,000
SUMTER, SC 4 $420,000 $105,000
WINCHESTER, VA-WV 2 $410,000 $205,000
MONROE, LA 2 $410,000 $205,000
MANSFIELD, OH 3 $395,000 $131,667
WENATCHEE, WA 1 $385,000 $385,000
AMARILLO, TX 2 $380,000 $190,000
ALEXANDRIA, LA 2 $380,000 $190,000
KOKOMO, IN 2 $380,000 $190,000
LEBANON, PA 2 $370,000 $185,000
VINELAND-BRIDGETON, NJ 2 $360,000 $180,000
JACKSONVILLE, NC 2 $360,000 $180,000
RAPID CITY, SD 2 $340,000 $170,000
DOTHAN, AL 1 $335,000 $335,000
CORVALLIS, OR 1 $335,000 $335,000
POCATELLO, ID 2 $320,000 $160,000
AMES, IA 2 $320,000 $160,000
CLEVELAND, TN 2 $320,000 $160,000
FLORENCE, SC 1 $315,000 $315,000
WICHITA, KS 2 $310,000 $155,000
MONTGOMERY, AL 1 $305,000 $305,000
NILES, MI 1 $305,000 $305,000
JEFFERSON CITY, MO 1 $295,000 $295,000
HOT SPRINGS, AR 1 $285,000 $285,000
PEORIA, IL 1 $285,000 $285,000
BATTLE CREEK, MI 1 $275,000 $275,000
ROCKY MOUNT, NC 2 $270,000 $135,000
CHAMBERSBURG-WAYNESBORO, PA 2 $270,000 $135,000
BLOOMINGTON, IL 1 $265,000 $265,000
FARMINGTON, NM 1 $265,000 $265,000
ERIE, PA 3 $265,000 $88,333
LANSING-EAST LANSING, MI 2 $260,000 $130,000
FORT SMITH, AR-OK 2 $240,000 $120,000
LUBBOCK, TX 1 $225,000 $225,000
IOWA CITY, IA 1 $225,000 $225,000
BISMARCK, ND 1 $225,000 $225,000
TERRE HAUTE, IN 1 $225,000 $225,000
DOVER, DE 1 $205,000 $205,000
BLOOMSBURG-BERWICK, PA 1 $205,000 $205,000
MORGANTOWN, WV 1 $195,000 $195,000
STATE COLLEGE, PA 1 $195,000 $195,000
PINE BLUFF, AR 1 $195,000 $195,000
LA CROSSE-ONALASKA, WI-MN 1 $195,000 $195,000
SPRINGFIELD, OH 1 $185,000 $185,000
WILLIAMSPORT, PA 1 $165,000 $165,000
ATHENS-CLARKE COUNTY, GA 1 $165,000 $165,000
JANESVILLE-BELOIT, WI 1 $165,000 $165,000
ANN ARBOR, MI 1 $165,000 $165,000
HICKORY-LENOIR-MORGANTON, NC 1 $155,000 $155,000
EVANSVILLE, IN-KY 1 $155,000 $155,000
ALTOONA, PA 1 $155,000 $155,000
BECKLEY, WV 1 $155,000 $155,000
PARKERSBURG-VIENNA, WV 1 $155,000 $155,000
CHAMPAIGN-URBANA, IL 1 $155,000 $155,000
HINESVILLE, GA 1 $145,000 $145,000
DALTON, GA 1 $135,000 $135,000
GRAND ISLAND, NE 1 $135,000 $135,000
ROME, GA 1 $135,000 $135,000
SAGINAW, MI 1 $135,000 $135,000
ABILENE, TX 1 $125,000 $125,000
FORT WAYNE, IN 1 $125,000 $125,000
BROWNSVILLE-HARLINGEN, TX 1 $115,000 $115,000
NEW BERN, NC 1 $105,000 $105,000
WICHITA FALLS, TX 1 $95,000 $95,000
VALDOSTA, GA 1 $75,000 $75,000
JOHNSTOWN, PA 1 $65,000 $65,000
GREENVILLE, NC 1 $65,000 $65,000
WHEELING, WV-OH 1 $55,000 $55,000

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% 881 $8,315,000 $9,438
2.5-3% 389 $21,325,000 $54,820
3-4% 8,772 $2,598,410,000 $296,216
4-5% 12,963 $3,517,015,000 $271,312
5-6% 3,611 $850,705,000 $235,587
6-7% 120 $32,330,000 $269,417
7-8% 45 $16,675,000 $370,556
Over 8% 13 $3,635,000 $279,615

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 2,282 $81,590,000 $35,754
$100k-200k 6,510 $1,021,430,000 $156,902
$200k-400k 14,302 $4,071,210,000 $284,660
$400k-600k 3,122 $1,440,590,000 $461,432
$600k-1000k 529 $366,875,000 $693,526
$Over $1MM 52 $66,760,000 $1,283,846

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% 413 $88,365,000 $213,959
40-60% 1,522 $412,000,000 $270,696
60-80% 6,083 $1,789,455,000 $294,173
80-100% 16,909 $4,608,735,000 $272,561
Over 100% 360 $117,950,000 $327,639
Under 20% 1,481 $23,565,000 $15,912

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 5,371 $1,725,125,000 $321,193
$150k-250k 2,351 $901,565,000 $383,481
$50k-75k 7,714 $1,668,300,000 $216,269
$50k-or less 5,038 $929,620,000 $184,522
$75k-100k 5,595 $1,476,205,000 $263,844
$Over $250k 668 $328,050,000 $491,093

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 20,157 $5,255,535,000 $260,730
Black 3,061 $717,745,000 $234,481
Not provided 2,071 $600,825,000 $290,113
Asian 1,278 $412,960,000 $323,130
American Indian 140 $33,550,000 $239,643
Native Hawaiian 83 $25,275,000 $304,518
Other Asian 3 $745,000 $248,333
Asian Indian 1 $725,000 $725,000
Other Pacific Islander 2 $600,000 $300,000
Filipino 1 $495,000 $495,000

Approval Rates

Total approvals of all applications
87.67%

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
82.76%

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 26,797 $7,048,455,000 $263,031

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 7,115 $1,606,225,000 $225,752
$1k-2k 7,381 $2,003,215,000 $271,402
$2k-3k 3,817 $896,005,000 $234,741
$3k-4k 5,060 $1,310,370,000 $258,966
$5k+ 3,300 $1,208,700,000 $366,273

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 535 $90,865,000 $169,841
Single Family (1-4 Units):Site-Built 26,262 $6,957,590,000 $264,930