Homeamerican Mortgage Corporation Rates, Fees & Info
Centennial, COLEI: 5493001HHBUTXHS7TZ96
Tax ID: 84-0927358
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Mortgage Data
Review & Overview
Homeamerican Mortgage Corporation is a small mortgage company specializing in Home Purchase loans. Homeamerican Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Phoenix, Denver, Las Vegas, Riverside, and Sacramento among others. We have data for 44 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.24% | 10/13/24 |
30 Year FHA Purchase | 6.54% | 10/13/24 |
30 Year VA Purchase | 5.67% | 10/13/24 |
30 Year USDA Purchase | 6.36% | 10/13/24 |
15 Year Conventional Purchase | 5.63% | 10/13/24 |
15 Year VA Purchase | 5.92% | 10/13/24 |
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. |
Homeamerican 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
5,430Origination Dollar Volume (All Markets)
$2,448,510,000HOMEAMERICAN MORTGAGE CORPORATION - 2023
HOMEAMERICAN MORTGAGE CORPORATION is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Homeamerican Mortgage Corporation's average 30 year fixed mortgage rate was
5.76%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.72%.
Relative Fees (Closing Costs)
Homeamerican Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,791.
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 $9,089.
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 |
---|---|---|---|---|---|
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1,078 | $422,860,000 | $392,263 | $3,884 | 5.70% |
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 783 | $404,565,000 | $516,686 | $4,483 | 5.62% |
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 550 | $228,300,000 | $415,091 | $4,220 | 5.80% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 408 | $209,680,000 | $513,922 | $7,310 | 5.97% |
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 262 | $144,260,000 | $550,611 | $4,468 | 5.91% |
JACKSONVILLE, FL (FHA|USDA|VA) | 383 | $137,595,000 | $359,256 | $4,962 | 5.68% |
TUCSON, AZ (FHA|USDA|VA) | 199 | $73,135,000 | $367,513 | $5,272 | 5.72% |
PROVO-OREM, UT (FHA|USDA|VA) | 128 | $61,380,000 | $479,531 | $3,831 | 5.79% |
GREELEY, CO (FHA|USDA|VA) | 125 | $59,995,000 | $479,960 | $3,309 | 5.80% |
STOCKTON, CA (FHA|USDA|VA) | 109 | $57,785,000 | $530,138 | $5,465 | 5.89% |
COLORADO SPRINGS, CO (FHA|USDA|VA) | 129 | $55,465,000 | $429,961 | $4,833 | 5.50% |
SALT LAKE CITY, UT (FHA|USDA|VA) | 89 | $42,965,000 | $482,753 | $4,106 | 5.69% |
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 67 | $39,805,000 | $594,104 | $4,691 | 5.76% |
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 103 | $38,275,000 | $371,602 | $5,690 | 5.84% |
VALLEJO, CA (FHA|USDA|VA) | 64 | $37,930,000 | $592,656 | $3,722 | 5.79% |
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 74 | $36,730,000 | $496,351 | $6,865 | 5.76% |
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 58 | $35,690,000 | $615,345 | $7,170 | 5.84% |
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 103 | $34,925,000 | $339,078 | $6,300 | 5.72% |
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 63 | $30,955,000 | $491,349 | $5,056 | 5.76% |
Outside of Metro Areas | 68 | $29,080,000 | $427,647 | $5,038 | 5.85% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 50 | $28,090,000 | $561,800 | $8,775 | 5.87% |
FORT COLLINS, CO (FHA|USDA|VA) | 56 | $26,670,000 | $476,250 | $3,130 | 5.71% |
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 52 | $18,800,000 | $361,538 | $4,242 | 5.58% |
BOISE CITY, ID (FHA|USDA|VA) | 46 | $17,480,000 | $380,000 | $5,110 | 5.82% |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 27 | $17,415,000 | $645,000 | $8,854 | 6.05% |
WINCHESTER, VA-WV (FHA|USDA|VA) | 36 | $17,240,000 | $478,889 | $3,626 | 5.99% |
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 41 | $16,705,000 | $407,439 | $6,144 | 5.65% |
YUBA CITY, CA (FHA|USDA|VA) | 38 | $16,700,000 | $439,474 | $5,092 | 5.57% |
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 24 | $13,810,000 | $575,417 | $4,713 | 5.85% |
PUEBLO, CO (FHA|USDA|VA) | 38 | $12,930,000 | $340,263 | $3,883 | 5.51% |
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 25 | $10,995,000 | $439,800 | $4,249 | 5.97% |
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 15 | $9,185,000 | $612,333 | $10,004 | 5.50% |
ALBUQUERQUE, NM (FHA|USDA|VA) | 23 | $8,735,000 | $379,783 | $5,940 | 5.73% |
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 20 | $8,570,000 | $428,500 | $1,890 | 6.14% |
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 20 | $7,010,000 | $350,500 | $6,229 | 6.22% |
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 14 | $6,910,000 | $493,571 | $4,791 | 6.22% |
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 14 | $6,550,000 | $467,857 | $1,052 | 5.85% |
Pahrump, NV (FHA|USDA|VA) | 16 | $5,400,000 | $337,500 | $3,709 | 6.44% |
BOULDER, CO (FHA|USDA|VA) | 7 | $4,725,000 | $675,000 | $1,663 | 6.61% |
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 8 | $4,400,000 | $550,000 | $2,403 | 5.77% |
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $3,420,000 | $855,000 | $517 | 7.34% |
YORK-HANOVER, PA (FHA|USDA|VA) | 8 | $3,220,000 | $402,500 | $4,594 | 5.63% |
ST. GEORGE, UT (FHA|USDA|VA) | 4 | $1,700,000 | $425,000 | $3,933 | 6.09% |
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $300 | 4.88% |
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.
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Product Mix
For 2023, Homeamerican Mortgage Corporation's most frequently originated type of loan was Conventional, with 3,086 originations. Their 2nd most popular type was FHA, with 1,411 originations.
Loan Reason
Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Home Purchase | 5,430 | $2,448,510,000 | $450,923 | $4,771 | 5.76% |
For 2023, Homeamerican Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 5,430 originations.
Loan Duration/Length
For 2023, Homeamerican Mortgage Corporation's most frequently cited loan duration was 30 Year, with 5,399 originations. The 2nd most popular length was 15 Year, with 29 originations.
Origination Fees/Closing Costs
Homeamerican Mortgage Corporation's average total fees were $4,791, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,029 originations.
Interest Rates
During 2023, Homeamerican Mortgage Corporation's average interest rate for loans was 5.76%, while their most frequently originated rate bucket for loans was 5-6%, with 2,820 originations.
Loan Sizing
2023 saw Homeamerican Mortgage Corporation place emphasis on $400k-600k loans with 2,662 originations, totaling $1,293,380,000 in origination value.
Applicant Income
Homeamerican Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 2,100 originations. The second most popular income band? $150k-250k, with 1,612 originations.
Applicant Debt to Income Ratio
Homeamerican Mortgage Corporation lent most frequently to those with DTI ratios of 50-60%, with 942 originations. The next most common DTI ratio? 30-36%, with 702 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.97%
Homeamerican Mortgage Corporation has an average approval rate.
Pick Rate
Approvals leading to origination69.78%
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 | 5,430 | $2,448,510,000 | $450,923 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
5,430 | $2,448,510,000 | $450,923 |