Guaranteed Rate Affinity Llc

CHICAGO, IL 60613

LEI: 54930001NSTOD85LT125

Tax ID: 81-5294275

2019 Data | 2018 Data


Overview

Guaranteed Rate Affinity Llc is a mid-sized mortgage company specializing in Home Purchase loans. Guaranteed Rate Affinity Llc 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 include Minneapolis, Chicago, Oakland, Newark, and Washington among others. They have an above 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. Guaranteed Rate Affinity Llc is typically a medium-low fee lendor.


Originations

20,757

Origination Dollar Volume (All Markets)

$6,380,555,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 16,560 $5,216,490,000 $315,005
FHA 2,400 $576,270,000 $240,113
VA 1,711 $572,145,000 $334,392
USDA 86 $15,650,000 $181,977

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 16,629 $4,860,935,000 $292,317
Refi 2,885 $1,134,725,000 $393,319
Cash Out Refi 1,243 $384,895,000 $309,650

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
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 1,598 $404,730,000 $253,273
CHICAGO-NAPERVILLE-EVANSTON, IL 1,084 $316,760,000 $292,214
OAKLAND-BERKELEY-LIVERMORE, CA 430 $252,550,000 $587,326
NEWARK, NJ-PA 595 $249,105,000 $418,664
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 505 $237,365,000 $470,030
BALTIMORE-COLUMBIA-TOWSON, MD 699 $213,665,000 $305,672
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 292 $185,760,000 $636,164
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 419 $177,945,000 $424,690
BOSTON, MA 411 $170,685,000 $415,292
LOS ANGELES-LONG BEACH-GLENDALE, CA 296 $165,920,000 $560,541
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 592 $149,250,000 $252,111
DENVER-AURORA-LAKEWOOD, CO 373 $144,445,000 $387,252
SACRAMENTO-ROSEVILLE-FOLSOM, CA 403 $141,255,000 $350,509
NEW BRUNSWICK-LAKEWOOD, NJ 409 $134,435,000 $328,692
BRIDGEPORT-STAMFORD-NORWALK, CT 376 $131,530,000 $349,814
Outside of Metro Areas 579 $130,945,000 $226,157
PHOENIX-MESA-CHANDLER, AZ 486 $126,180,000 $259,630
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 226 $114,660,000 $507,345
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 461 $114,405,000 $248,167
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 134 $108,930,000 $812,910
DALLAS-PLANO-IRVING, TX 362 $103,620,000 $286,243
PITTSBURGH, PA 481 $94,085,000 $195,603
ST. LOUIS, MO-IL 442 $88,840,000 $200,995
ORLANDO-KISSIMMEE-SANFORD, FL 347 $88,215,000 $254,222
NEW HAVEN-MILFORD, CT 369 $83,815,000 $227,141
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 383 $79,435,000 $207,402
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 224 $79,150,000 $353,348
ANAHEIM-SANTA ANA-IRVINE, CA 148 $78,060,000 $527,432
TAMPA-ST. PETERSBURG-CLEARWATER, FL 330 $77,040,000 $233,455
TUCSON, AZ 306 $73,560,000 $240,392
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 232 $70,150,000 $302,371
CHARLOTTE-CONCORD-GASTONIA, NC-SC 289 $69,735,000 $241,298
FORT WORTH-ARLINGTON-GRAPEVINE, TX 249 $64,345,000 $258,414
SANTA ROSA-PETALUMA, CA 134 $60,850,000 $454,104
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 191 $57,895,000 $303,115
SALINAS, CA 118 $56,870,000 $481,949
CINCINNATI, OH-KY-IN 279 $55,455,000 $198,763
NORTH PORT-SARASOTA-BRADENTON, FL 241 $55,065,000 $228,485
COLUMBIA, SC 311 $54,925,000 $176,608
SAN RAFAEL, CA 82 $50,580,000 $616,829
CHARLESTON-NORTH CHARLESTON, SC 200 $50,190,000 $250,950
COLUMBUS, OH 238 $49,190,000 $206,681
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 119 $47,515,000 $399,286
AUSTIN-ROUND ROCK-GEORGETOWN, TX 160 $45,210,000 $282,563
PHILADELPHIA, PA 184 $45,150,000 $245,380
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 106 $36,050,000 $340,094
SALISBURY, MD-DE 144 $32,410,000 $225,069
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 116 $32,280,000 $278,276
WORCESTER, MA-CT 115 $31,945,000 $277,783
SANTA CRUZ-WATSONVILLE, CA 62 $31,740,000 $511,935
MIAMI-MIAMI BEACH-KENDALL, FL 95 $31,085,000 $327,211
PROVIDENCE-WARWICK, RI-MA 107 $30,315,000 $283,318
TYLER, TX 149 $29,555,000 $198,356
LAKE COUNTY-KENOSHA COUNTY, IL-WI 81 $25,745,000 $317,840
COLORADO SPRINGS, CO 85 $25,035,000 $294,529
PALM BAY-MELBOURNE-TITUSVILLE, FL 114 $24,820,000 $217,719
ELGIN, IL 100 $24,010,000 $240,100
ROCHESTER, MN 128 $23,930,000 $186,953
SAN ANTONIO-NEW BRAUNFELS, TX 96 $22,810,000 $237,604
CAMDEN, NJ 92 $21,110,000 $229,457
OXNARD-THOUSAND OAKS-VENTURA, CA 42 $20,290,000 $483,095
NORWICH-NEW LONDON, CT 75 $17,005,000 $226,733
NAPLES-MARCO ISLAND, FL 61 $16,965,000 $278,115
TRENTON-PRINCETON, NJ 56 $16,470,000 $294,107
SPRINGFIELD, MA 80 $16,050,000 $200,625
MANCHESTER-NASHUA, NH 56 $15,900,000 $283,929
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 68 $15,220,000 $223,824
SALT LAKE CITY, UT 50 $14,880,000 $297,600
CAPE CORAL-FORT MYERS, FL 58 $13,670,000 $235,690
VALLEJO, CA 35 $13,335,000 $381,000
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 63 $13,115,000 $208,175
STOCKTON, CA 37 $12,605,000 $340,676
PENSACOLA-FERRY PASS-BRENT, FL 57 $11,105,000 $194,825
PROVO-OREM, UT 38 $10,850,000 $285,526
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 30 $10,760,000 $358,667
LONGVIEW, TX 64 $10,510,000 $164,219
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 34 $10,080,000 $296,471
HARRISBURG-CARLISLE, PA 45 $9,335,000 $207,444
GREELEY, CO 24 $9,320,000 $388,333
ST. CLOUD, MN 70 $9,260,000 $132,286
BOULDER, CO 18 $9,090,000 $505,000
LAKELAND-WINTER HAVEN, FL 50 $9,060,000 $181,200
YORK-HANOVER, PA 43 $8,835,000 $205,465
PORT ST. LUCIE, FL 34 $8,580,000 $252,353
SEATTLE-BELLEVUE-KENT, WA 13 $7,935,000 $610,385
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 36 $7,830,000 $217,500
OGDEN-CLEARFIELD, UT 25 $7,385,000 $295,400
GREENVILLE-ANDERSON, SC 37 $7,325,000 $197,973
RALEIGH-CARY, NC 21 $7,025,000 $334,524
HUNTSVILLE, AL 23 $6,525,000 $283,696
WILMINGTON, DE-MD-NJ 31 $6,475,000 $208,871
INDIANAPOLIS-CARMEL-ANDERSON, IN 15 $5,785,000 $385,667
GARY, IN 26 $5,700,000 $219,231
PORTLAND-SOUTH PORTLAND, ME 24 $5,600,000 $233,333
JACKSONVILLE, FL 20 $5,530,000 $276,500
MILWAUKEE-WAUKESHA, WI 18 $5,440,000 $302,222
PUNTA GORDA, FL 29 $5,175,000 $178,448
MIDLAND, TX 13 $4,945,000 $380,385
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 12 $4,920,000 $410,000
LAS VEGAS-HENDERSON-PARADISE, NV 13 $4,375,000 $336,538
CLEVELAND-ELYRIA, OH 16 $4,340,000 $271,250
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 11 $4,265,000 $387,727
OCEAN CITY, NJ 13 $4,255,000 $327,308
LAKE HAVASU CITY-KINGMAN, AZ 20 $4,130,000 $206,500
BARNSTABLE TOWN, MA 15 $3,985,000 $265,667
MERCED, CA 14 $3,890,000 $277,857
KENNEWICK-RICHLAND, WA 11 $3,645,000 $331,364
MODESTO, CA 11 $3,605,000 $327,727
AUGUSTA-RICHMOND COUNTY, GA-SC 18 $3,600,000 $200,000
LANCASTER, PA 17 $3,595,000 $211,471
KILLEEN-TEMPLE, TX 19 $3,415,000 $179,737
MADISON, WI 10 $3,330,000 $333,000
PRESCOTT VALLEY-PRESCOTT, AZ 12 $3,300,000 $275,000
SAN LUIS OBISPO-PASO ROBLES, CA 7 $3,245,000 $463,571
HICKORY-LENOIR-MORGANTON, NC 12 $3,230,000 $269,167
KANSAS CITY, MO-KS 11 $3,185,000 $289,545
LOUISVILLE/JEFFERSON COUNTY, KY-IN 8 $3,090,000 $386,250
READING, PA 12 $2,820,000 $235,000
YUBA CITY, CA 10 $2,760,000 $276,000
SANTA MARIA-SANTA BARBARA, CA 4 $2,720,000 $680,000
GAINESVILLE, GA 12 $2,660,000 $221,667
RICHMOND, VA 8 $2,600,000 $325,000
OKLAHOMA CITY, OK 11 $2,535,000 $230,455
FRESNO, CA 8 $2,500,000 $312,500
MEMPHIS, TN-MS-AR 10 $2,470,000 $247,000
JACKSON, MS 7 $2,415,000 $345,000
PANAMA CITY, FL 12 $2,410,000 $200,833
LEXINGTON-FAYETTE, KY 9 $2,405,000 $267,222
GETTYSBURG, PA 10 $2,400,000 $240,000
ASHEVILLE, NC 8 $2,380,000 $297,500
DAPHNE-FAIRHOPE-FOLEY, AL 9 $2,205,000 $245,000
SHERMAN-DENISON, TX 13 $2,095,000 $161,154
BATON ROUGE, LA 6 $2,020,000 $336,667
WARREN-TROY-FARMINGTON HILLS, MI 6 $2,010,000 $335,000
ANN ARBOR, MI 5 $1,925,000 $385,000
TULSA, OK 9 $1,925,000 $213,889
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 5 $1,795,000 $359,000
BAKERSFIELD, CA 7 $1,775,000 $253,571
DES MOINES-WEST DES MOINES, IA 7 $1,765,000 $252,143
SUMTER, SC 9 $1,755,000 $195,000
WINCHESTER, VA-WV 6 $1,750,000 $291,667
KALAMAZOO-PORTAGE, MI 7 $1,745,000 $249,286
FORT COLLINS, CO 4 $1,730,000 $432,500
PEORIA, IL 8 $1,710,000 $213,750
KNOXVILLE, TN 6 $1,610,000 $268,333
HAGERSTOWN-MARTINSBURG, MD-WV 9 $1,555,000 $172,778
GRAND RAPIDS-KENTWOOD, MI 6 $1,550,000 $258,333
CHATTANOOGA, TN-GA 6 $1,540,000 $256,667
GREENSBORO-HIGH POINT, NC 7 $1,525,000 $217,857
OCALA, FL 8 $1,520,000 $190,000
FLORENCE, SC 6 $1,440,000 $240,000
NAPA, CA 3 $1,415,000 $471,667
ALBUQUERQUE, NM 4 $1,370,000 $342,500
BREMERTON-SILVERDALE-PORT ORCHARD, WA 4 $1,350,000 $337,500
REDDING, CA 5 $1,335,000 $267,000
EVANSVILLE, IN-KY 6 $1,310,000 $218,333
BOISE CITY, ID 4 $1,300,000 $325,000
COLLEGE STATION-BRYAN, TX 6 $1,240,000 $206,667
WACO, TX 5 $1,205,000 $241,000
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 4 $1,200,000 $300,000
AKRON, OH 4 $1,180,000 $295,000
RENO, NV 4 $1,180,000 $295,000
WINSTON-SALEM, NC 3 $1,175,000 $391,667
LAFAYETTE-WEST LAFAYETTE, IN 4 $1,160,000 $290,000
FORT WAYNE, IN 4 $1,130,000 $282,500
DAYTON-KETTERING, OH 6 $1,050,000 $175,000
DURHAM-CHAPEL HILL, NC 3 $1,045,000 $348,333
BEAUMONT-PORT ARTHUR, TX 5 $1,025,000 $205,000
EL PASO, TX 4 $1,020,000 $255,000
FLAGSTAFF, AZ 4 $1,020,000 $255,000
ATLANTIC CITY-HAMMONTON, NJ 5 $1,015,000 $203,000
SEBASTIAN-VERO BEACH, FL 4 $1,010,000 $252,500
CORPUS CHRISTI, TX 4 $970,000 $242,500
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 7 $965,000 $137,857
PUEBLO, CO 6 $960,000 $160,000
CALIFORNIA-LEXINGTON PARK, MD 3 $925,000 $308,333
IOWA CITY, IA 2 $890,000 $445,000
MANKATO, MN 6 $890,000 $148,333
NEW ORLEANS-METAIRIE, LA 4 $880,000 $220,000
LEBANON, PA 4 $860,000 $215,000
SPARTANBURG, SC 3 $835,000 $278,333
NILES, MI 4 $810,000 $202,500
KANKAKEE, IL 6 $810,000 $135,000
TOLEDO, OH 3 $805,000 $268,333
MOBILE, AL 4 $800,000 $200,000
LA CROSSE-ONALASKA, WI-MN 8 $770,000 $96,250
SAVANNAH, GA 3 $755,000 $251,667
FAYETTEVILLE, NC 3 $745,000 $248,333
ATHENS-CLARKE COUNTY, GA 2 $720,000 $360,000
CHAMPAIGN-URBANA, IL 2 $690,000 $345,000
ALBANY, GA 5 $685,000 $137,000
WICHITA, KS 5 $675,000 $135,000
CHICO, CA 2 $670,000 $335,000
JANESVILLE-BELOIT, WI 3 $665,000 $221,667
DULUTH, MN-WI 4 $660,000 $165,000
ST. GEORGE, UT 2 $660,000 $330,000
DETROIT-DEARBORN-LIVONIA, MI 4 $660,000 $165,000
BIRMINGHAM-HOOVER, AL 2 $650,000 $325,000
JACKSONVILLE, NC 3 $645,000 $215,000
OMAHA-COUNCIL BLUFFS, NE-IA 2 $630,000 $315,000
FLINT, MI 4 $610,000 $152,500
BEND, OR 2 $600,000 $300,000
MICHIGAN CITY-LA PORTE, IN 2 $590,000 $295,000
RACINE, WI 4 $590,000 $147,500
ERIE, PA 2 $570,000 $285,000
TACOMA-LAKEWOOD, WA 2 $560,000 $280,000
EL CENTRO, CA 2 $550,000 $275,000
IDAHO FALLS, ID 2 $550,000 $275,000
HOMOSASSA SPRINGS, FL 4 $530,000 $132,500
SPRINGFIELD, MO 3 $525,000 $175,000
DOVER, DE 2 $510,000 $255,000
DALTON, GA 2 $510,000 $255,000
LEWISTON-AUBURN, ME 3 $505,000 $168,333
ODESSA, TX 2 $490,000 $245,000
SPRINGFIELD, IL 2 $490,000 $245,000
CORVALLIS, OR 1 $485,000 $485,000
AMARILLO, TX 2 $480,000 $240,000
CANTON-MASSILLON, OH 2 $460,000 $230,000
JACKSON, TN 2 $460,000 $230,000
STATE COLLEGE, PA 2 $460,000 $230,000
SHREVEPORT-BOSSIER CITY, LA 2 $460,000 $230,000
BLOOMINGTON, IN 3 $445,000 $148,333
DECATUR, IL 3 $425,000 $141,667
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 1 $405,000 $405,000
COLUMBUS, GA-AL 3 $405,000 $135,000
SOUTH BEND-MISHAWAKA, IN-MI 2 $400,000 $200,000
LAFAYETTE, LA 2 $400,000 $200,000
COLUMBIA, MO 1 $385,000 $385,000
BOWLING GREEN, KY 1 $385,000 $385,000
THE VILLAGES, FL 2 $370,000 $185,000
MEDFORD, OR 1 $355,000 $355,000
GREEN BAY, WI 1 $345,000 $345,000
MONTGOMERY, AL 2 $340,000 $170,000
YUMA, AZ 1 $335,000 $335,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 3 $335,000 $111,667
GADSDEN, AL 2 $330,000 $165,000
SCRANTON--WILKES-BARRE, PA 2 $320,000 $160,000
OLYMPIA-LACEY-TUMWATER, WA 1 $315,000 $315,000
JACKSON, MI 1 $315,000 $315,000
WICHITA FALLS, TX 1 $305,000 $305,000
EAST STROUDSBURG, PA 1 $305,000 $305,000
LANSING-EAST LANSING, MI 1 $305,000 $305,000
TALLAHASSEE, FL 2 $300,000 $150,000
APPLETON, WI 1 $295,000 $295,000
GAINESVILLE, FL 1 $285,000 $285,000
WILLIAMSPORT, PA 1 $275,000 $275,000
EAU CLAIRE, WI 1 $275,000 $275,000
JONESBORO, AR 1 $275,000 $275,000
JOHNSTOWN, PA 2 $270,000 $135,000
CHARLESTON, WV 1 $265,000 $265,000
LYNCHBURG, VA 1 $265,000 $265,000
JOHNSON CITY, TN 1 $255,000 $255,000
EUGENE-SPRINGFIELD, OR 1 $255,000 $255,000
NEW BERN, NC 1 $255,000 $255,000
LAREDO, TX 1 $245,000 $245,000
COLUMBUS, IN 1 $245,000 $245,000
CLARKSVILLE, TN-KY 1 $245,000 $245,000
VALDOSTA, GA 1 $245,000 $245,000
SEBRING-AVON PARK, FL 2 $240,000 $120,000
FAIRBANKS, AK 1 $235,000 $235,000
ABILENE, TX 1 $235,000 $235,000
ELKHART-GOSHEN, IN 1 $235,000 $235,000
WARNER ROBINS, GA 1 $225,000 $225,000
SPOKANE-SPOKANE VALLEY, WA 1 $225,000 $225,000
FARMINGTON, NM 1 $215,000 $215,000
LUBBOCK, TX 2 $210,000 $105,000
PARKERSBURG-VIENNA, WV 1 $205,000 $205,000
ROANOKE, VA 1 $205,000 $205,000
GULFPORT-BILOXI, MS 1 $205,000 $205,000
ALEXANDRIA, LA 1 $205,000 $205,000
HILTON HEAD ISLAND-BLUFFTON, SC 1 $205,000 $205,000
CLEVELAND, TN 1 $205,000 $205,000
MANHATTAN, KS 1 $195,000 $195,000
BLOOMINGTON, IL 1 $195,000 $195,000
BROWNSVILLE-HARLINGEN, TX 1 $185,000 $185,000
CHAMBERSBURG-WAYNESBORO, PA 1 $185,000 $185,000
STAUNTON, VA 1 $175,000 $175,000
VINELAND-BRIDGETON, NJ 1 $175,000 $175,000
Outside of Metro Areas 2 $170,000 $85,000
WAUSAU-WESTON, WI 1 $165,000 $165,000
MCALLEN-EDINBURG-MISSION, TX 1 $165,000 $165,000
SAN ANGELO, TX 1 $165,000 $165,000
ROME, GA 1 $165,000 $165,000
ROCKFORD, IL 1 $155,000 $155,000
SHEBOYGAN, WI 1 $145,000 $145,000
BLACKSBURG-CHRISTIANSBURG, VA 1 $135,000 $135,000
FARGO, ND-MN 1 $135,000 $135,000
AUBURN-OPELIKA, AL 1 $135,000 $135,000
OWENSBORO, KY 1 $135,000 $135,000
MADERA, CA 1 $125,000 $125,000
LAS CRUCES, NM 1 $125,000 $125,000
MACON-BIBB COUNTY, GA 1 $125,000 $125,000
BANGOR, ME 1 $115,000 $115,000
MORRISTOWN, TN 1 $105,000 $105,000
BURLINGTON, NC 1 $95,000 $95,000
ALTOONA, PA 1 $85,000 $85,000
WEIRTON-STEUBENVILLE, WV-OH 1 $85,000 $85,000

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% 233 $3,575,000 $15,343
2.5-3% 404 $122,450,000 $303,094
3-4% 11,555 $3,823,395,000 $330,887
4-5% 7,677 $2,237,055,000 $291,397
5-6% 836 $192,060,000 $229,737
6-7% 31 $1,785,000 $57,581
7-8% 21 $235,000 $11,190

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 1,187 $62,345,000 $52,523
$100k-200k 5,089 $796,565,000 $156,527
$200k-400k 9,728 $2,780,050,000 $285,778
$400k-600k 3,272 $1,561,060,000 $477,097
$600k-1000k 1,265 $904,955,000 $715,379
$Over $1MM 216 $275,580,000 $1,275,833

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% 598 $136,350,000 $228,010
40-60% 1,724 $545,840,000 $316,613
60-80% 6,172 $2,153,500,000 $348,914
80-100% 11,290 $3,376,520,000 $299,072
Over 100% 470 $154,610,000 $328,957
Under 20% 503 $13,735,000 $27,306

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 5,190 $1,687,510,000 $325,146
$150k-250k 3,992 $1,672,550,000 $418,975
$50k-75k 4,187 $840,165,000 $200,660
$50k-or less 2,228 $342,170,000 $153,577
$75k-100k 3,633 $916,115,000 $252,165
$Over $250k 1,527 $922,045,000 $603,828

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 14,015 $4,188,265,000 $298,842
Not provided 4,546 $1,487,610,000 $327,235
Asian 844 $331,920,000 $393,270
Black 982 $230,920,000 $235,153
Asian Indian 141 $64,215,000 $455,426
American Indian 114 $31,710,000 $278,158
Other Asian 37 $14,265,000 $385,541
Chinese 16 $8,140,000 $508,750
Filipino 19 $7,635,000 $401,842
Native Hawaiian 14 $4,870,000 $347,857
Korean 10 $3,910,000 $391,000
Japanese 6 $2,980,000 $496,667
Vietnamese 7 $2,345,000 $335,000
Other Pacific Islander 6 $1,770,000 $295,000

Approval Rates

Total approvals of all applications
95.59%

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
66.17%

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 20,757 $6,380,555,000 $307,393

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 3,282 $902,310,000 $274,927
$1k-2k 13,641 $4,227,415,000 $309,905
$2k-3k 1,570 $473,250,000 $301,433
$3k-4k 1,079 $384,375,000 $356,233
$5k+ 408 $215,980,000 $529,363

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 74 $12,180,000 $164,595
Single Family (1-4 Units):Site-Built 20,683 $6,368,375,000 $307,904