Homeamerican Mortgage Corporation Rates, Fees & Info

Centennial, CO

LEI: 5493001HHBUTXHS7TZ96

Tax ID: 84-0927358

5 stars - out of 5 stars, based on 79 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Homeamerican Mortgage Corporation is a small mortgage company specializing in loans. Homeamerican Mortgage Corporation 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 by origination volume include: Denver, Las Vegas, Riverside, Phoenix, and Seattle among others. We have data for 37 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Homeamerican Mortgage Corporation has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Homeamerican 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.

    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 6.76% 12/4/22
    30 Year FHA Purchase 7.39% 12/4/22
    30 Year VA Purchase 6.40% 12/4/22
    30 Year USDA Purchase 6.57% 12/4/22
    15 Year Conventional Purchase 5.81% 12/4/22
    15 Year FHA Purchase 6.45% 12/4/22
    15 Year VA Purchase 5.80% 12/4/22
    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.


    Originations

    6,247

    Origination Dollar Volume (All Markets)

    $2,621,905,000
    Show all (65) awards

    Relative Rate

    Homeamerican Mortgage Corporation's average 30 year fixed mortgage rate was 2.93%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.22%.

    Relative Fees (Closing Costs)

    Homeamerican Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $3,195.

    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 $4,750.

    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
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1,107 $522,315,000 $471,829 $3,853 2.97%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 796 $303,000,000 $380,653 $2,117 2.84%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 615 $290,555,000 $472,447 $2,984 2.90%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 851 $290,495,000 $341,357 $2,334 2.89%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 266 $136,220,000 $512,105 $3,938 2.83%
    JACKSONVILLE, FL (FHA|USDA|VA) 328 $99,940,000 $304,695 $3,484 2.95%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 170 $85,750,000 $504,412 $1,872 3.03%
    TUCSON, AZ (FHA|USDA|VA) 249 $80,615,000 $323,755 $3,915 3.07%
    GREELEY, CO (FHA|USDA|VA) 193 $79,835,000 $413,653 $2,407 2.92%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 159 $68,565,000 $431,226 $3,414 2.90%
    PROVO-OREM, UT (FHA|USDA|VA) 154 $65,360,000 $424,416 $1,821 2.76%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 115 $58,515,000 $508,826 $7,142 2.96%
    STOCKTON, CA (FHA|USDA|VA) 116 $55,570,000 $479,052 $2,213 2.85%
    VALLEJO, CA (FHA|USDA|VA) 98 $51,920,000 $529,796 $1,761 2.86%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 82 $44,470,000 $542,317 $6,506 2.96%
    SALT LAKE CITY, UT (FHA|USDA|VA) 107 $44,215,000 $413,224 $2,184 2.78%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 151 $43,205,000 $286,126 $4,185 2.91%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 74 $31,110,000 $420,405 $6,286 2.82%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 68 $30,760,000 $452,353 $5,373 2.84%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 69 $28,655,000 $415,290 $1,668 2.73%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 32 $24,710,000 $772,188 $2,151 2.91%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 40 $24,320,000 $608,000 $2,516 2.88%
    FORT COLLINS, CO (FHA|USDA|VA) 49 $22,625,000 $461,735 $3,106 2.92%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 68 $19,190,000 $282,206 $3,462 2.94%
    BOULDER, CO (FHA|USDA|VA) 37 $18,485,000 $499,595 $2,741 3.16%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 26 $15,410,000 $592,692 $2,232 2.98%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 45 $13,385,000 $297,444 $2,356 3.05%
    YUBA CITY, CA (FHA|USDA|VA) 31 $12,995,000 $419,194 $2,332 3.03%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 35 $12,695,000 $362,714 $3,437 2.98%
    Outside of Metro Areas 36 $12,640,000 $351,111 $3,808 2.83%
    WINCHESTER, VA-WV (FHA|USDA|VA) 30 $11,560,000 $385,333 $2,206 2.99%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 13 $6,555,000 $504,231 $1,880 2.55%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 10 $6,360,000 $636,000 $5,423 2.80%
    PUEBLO, CO (FHA|USDA|VA) 14 $4,840,000 $345,714 $5,603 2.56%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 10 $4,320,000 $432,000 $5,428 2.58%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $610,000 $305,000 $5,352 2.56%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $135,000 $135,000 $4,765 2.88%
    Homeamerican Mortgage Corporation's top markets include Denver, Las Vegas, Riverside, Phoenix, and Seattle among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against HOMEAMERICAN MORTGAGE CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SunWest Credit Union
    Similarity Rank: 115
    Los Angeles Federal Credit Union
    Similarity Rank: 170
    First Credit Union
    Similarity Rank: 180
    ARIZONA CENTRAL
    Similarity Rank: 506
    Cedar Point Federal Credit Union
    Similarity Rank: 546
    PIMA Federal Credit Union
    Similarity Rank: 549
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 624
    CASTPARTS EMPLOYEES
    Similarity Rank: 660

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,089 $1,707,995,000 $417,705 $1,190 3.01%
    FHA 1,082 $421,350,000 $389,418 $7,429 2.79%
    VA 1,043 $482,195,000 $462,315 $6,282 2.66%
    USDA 33 $10,365,000 $314,091 $3,605 2.47%

    For 2021, Homeamerican Mortgage Corporation's most frequently originated type of loan was Conventional, with 4,089 originations. Their 2nd most popular type was FHA, with 1,082 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 6,247 $2,621,905,000 $419,706 $3,135 2.91%

    For 2021, Homeamerican Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 6,247 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 6,038 $2,561,780,000 $424,276 $3,195 2.93%
    15 Year 162 $44,720,000 $276,049 $1,362 2.33%
    20 Year 40 $13,690,000 $342,250 $1,614 2.69%
    10 Year 6 $1,280,000 $213,333 $684 2.21%
    Other 1 $435,000 $435,000 $4,584 2.88%

    For 2021, Homeamerican Mortgage Corporation's most frequently cited loan duration was 30 Year, with 6,038 originations. The 2nd most popular length was 15 Year, with 162 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 5,000 $2,069,220,000 $413,844
    $1k-2k 837 $364,315,000 $435,263
    $2k-3k 165 $71,885,000 $435,667
    $5k+ 129 $65,335,000 $506,473
    $3k-4k 69 $30,425,000 $440,942
    $4k-5k 47 $20,725,000 $440,957

    Homeamerican Mortgage Corporation's average total fees were $3,195, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5,000 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 2,891 $1,223,225,000 $423,115
    3-4% 2,128 $920,130,000 $432,392
    <2.5% 1,174 $459,320,000 $391,244
    4-5% 54 $19,230,000 $356,111

    During 2021, Homeamerican Mortgage Corporation's average interest rate for loans was 2.93%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,891 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 3,015 $1,471,855,000 $488,177 $3,183 2.92%
    $200k-400k 2,594 $835,360,000 $322,035 $2,807 2.89%
    $600k-1MM 398 $269,940,000 $678,241 $5,939 2.95%
    $100k-200k 187 $27,265,000 $145,802 $1,261 2.79%
    $100,000 or less 40 $2,780,000 $69,500 $723 2.71%
    $1MM+ 13 $14,705,000 $1,131,154 $5,758 2.93%

    2021 saw Homeamerican Mortgage Corporation place emphasis on $400k-600k loans with 3,015 originations, totaling $1,471,855,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2,253 $995,685,000 $441,937 $3,177 2.94%
    $150k-250k 1,322 $649,340,000 $491,180 $2,847 2.96%
    $75k-100k 1,305 $505,855,000 $387,628 $3,239 2.88%
    $50k-75k 978 $319,480,000 $326,667 $3,645 2.80%
    $250k+ 218 $114,800,000 $526,606 $2,317 3.02%
    $50k or less 171 $36,745,000 $214,883 $2,145 2.82%

    Homeamerican Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 2,253 originations. The second most popular income band? $150k-250k, with 1,322 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 1,066 $452,910,000 $424,869 $2,484 2.93%
    20-30% 1,018 $428,930,000 $421,346 $2,086 2.91%
    50-60% 646 $267,810,000 $414,567 $6,648 2.76%
    49% 265 $102,355,000 $386,245 $2,857 2.86%
    42% 261 $115,705,000 $443,314 $3,130 2.99%
    43% 254 $109,020,000 $429,213 $2,957 2.97%
    41% 249 $109,365,000 $439,217 $3,040 2.93%
    <20% 245 $77,875,000 $317,857 $1,515 2.83%
    39% 242 $106,170,000 $438,719 $3,020 2.96%
    44% 239 $102,355,000 $428,264 $2,894 2.98%
    37% 234 $100,410,000 $429,103 $2,957 2.93%
    40% 224 $96,560,000 $431,071 $2,648 2.92%
    38% 218 $93,020,000 $426,697 $2,961 2.96%
    45% 217 $92,465,000 $426,106 $2,983 2.96%
    47% 213 $86,865,000 $407,817 $3,417 2.94%
    46% 207 $87,425,000 $422,343 $3,458 2.89%
    48% 203 $84,625,000 $416,872 $3,612 2.92%
    36% 196 $84,030,000 $428,724 $2,625 2.90%
    >60% 50 $24,010,000 $480,200 $7,411 2.75%

    Homeamerican Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 1,066 originations. The next most common DTI ratio? 20-30%, with 1,018 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,713 $1,525,225,000 $410,780 $3,099 2.90%
    Asian 776 $354,270,000 $456,534 $2,438 2.93%
    Not provided 847 $353,215,000 $417,019 $3,386 2.88%
    Black 612 $260,680,000 $425,948 $4,493 2.89%
    American Indian 101 $41,945,000 $415,297 $3,440 2.87%
    Asian Indian 61 $29,675,000 $486,475 $567 3.05%
    Filipino 46 $19,830,000 $431,087 $1,019 3.03%
    Other Asian 24 $10,430,000 $434,583 $1,112 3.10%
    Vietnamese 12 $5,480,000 $456,667 $859 3.14%
    Chinese 13 $5,045,000 $388,077 $1,360 3.06%
    Native Hawaiian or Islander 14 $5,010,000 $357,857 $2,136 2.88%
    Korean 10 $4,050,000 $405,000 $1,776 2.84%
    Other Pacific Islander 8 $3,340,000 $417,500 $2,287 2.86%
    Japanese 4 $1,600,000 $400,000 $910 2.88%
    Samoan 3 $1,245,000 $415,000 $4,573 2.96%
    3 $865,000 $288,333 $500 3.13%

    Approval Rates

    Total approvals of all applications
    86.51%

    Homeamerican Mortgage Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    60.43%

    Homeamerican Mortgage Corporation 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 6,247 $2,621,905,000 $419,706

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    6,247 $2,621,905,000 $419,706

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 184 $34,180,000 $185,761 $1,521 2.71%
    40-60% 359 $111,415,000 $310,348 $1,558 2.80%
    60-80% 1,330 $577,680,000 $434,346 $1,594 2.97%
    80-100% 3,973 $1,730,925,000 $435,672 $2,995 2.93%
    Over 100% 340 $162,290,000 $477,324 $13,667 2.67%
    Under 20% 61 $5,415,000 $88,770 $1,239 2.68%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Home American Mortgage Corp Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%
    Home American Mortgage Corp Conventional home mortgage Closing on a mortgage 3 42.9%
    Home American Mortgage Corp FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%
    Home American Mortgage Corp VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%
    Home American Mortgage Corp VA mortgage Closing on a mortgage 1 14.3%