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 mid-sized mortgage company specializing in Home Purchase loans. Homeamerican Mortgage Corporation 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 by origination volume include: Denver, Phoenix, Las Vegas, Riverside, and Sacramento among others. We have data for 48 markets. (Some data included below & more in-depth data is available with an active subscription.)Homeamerican 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. Homeamerican Mortgage Corporation is typically a low 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 | 5.87% | 4/5/25 |
| 30 Year FHA Purchase | 5.74% | 4/5/25 |
| 30 Year VA Purchase | 5.13% | 4/5/25 |
| 30 Year USDA Purchase | 5.64% | 4/5/25 |
| 15 Year Conventional Purchase | 5.51% | 4/5/25 |
| 15 Year VA Purchase | 4.62% | 4/5/25 |
| 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. | ||
Homeamerican Mortgage Corporation Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Homeamerican Mortgage Corporation. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
7,317Origination Dollar Volume (All Markets)
$3,407,735,000Awards
HOMEAMERICAN MORTGAGE CORPORATION - 2024
HOMEAMERICAN 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
Homeamerican Mortgage Corporation's average 30 year fixed mortgage rate was
5.43%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -1.12%.
Relative Fees (Closing Costs)
Homeamerican Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,774.
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 |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 802 | $426,880,000 | $532,269 | $5,138 | 5.31% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 994 | $409,990,000 | $412,465 | $4,099 | 5.51% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 730 | $324,800,000 | $444,932 | $4,221 | 5.48% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 583 | $308,985,000 | $529,991 | $5,609 | 5.62% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 353 | $192,635,000 | $545,708 | $5,082 | 5.83% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 537 | $184,945,000 | $344,404 | $4,721 | 5.14% |
| STOCKTON, CA (FHA|USDA|VA) | 248 | $135,400,000 | $545,968 | $4,743 | 6.02% |
| TUCSON, AZ (FHA|USDA|VA) | 271 | $98,775,000 | $364,483 | $5,389 | 5.15% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 148 | $91,040,000 | $615,135 | $4,209 | 5.67% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 267 | $85,265,000 | $319,345 | $4,644 | 5.16% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 156 | $84,780,000 | $543,462 | $4,033 | 5.61% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 212 | $84,090,000 | $396,651 | $5,317 | 5.26% |
| PROVO-OREM, UT (FHA|USDA|VA) | 142 | $73,550,000 | $517,958 | $3,147 | 5.67% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 162 | $72,460,000 | $447,284 | $5,256 | 5.05% |
| GREELEY, CO (FHA|USDA|VA) | 131 | $66,925,000 | $510,878 | $3,457 | 5.48% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 126 | $63,920,000 | $507,302 | $4,655 | 5.47% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 104 | $53,500,000 | $514,423 | $5,531 | 5.07% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 96 | $53,140,000 | $553,542 | $6,911 | 5.51% |
| BOULDER, CO (FHA|USDA|VA) | 90 | $52,150,000 | $579,444 | $2,790 | 5.53% |
| VALLEJO, CA (FHA|USDA|VA) | 81 | $51,905,000 | $640,802 | $6,023 | 5.90% |
| Outside of Metro Areas | 113 | $51,385,000 | $454,735 | $5,329 | 5.26% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 83 | $49,645,000 | $598,133 | $7,641 | 5.37% |
| BOISE CITY, ID (FHA|USDA|VA) | 115 | $47,765,000 | $415,348 | $4,440 | 5.12% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 115 | $44,605,000 | $387,870 | $4,563 | 5.53% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 86 | $38,760,000 | $450,698 | $3,689 | 5.72% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 100 | $34,650,000 | $346,500 | $4,351 | 4.97% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 74 | $29,320,000 | $396,216 | $4,435 | 5.16% |
| FORT COLLINS, CO (FHA|USDA|VA) | 54 | $25,990,000 | $481,296 | $4,648 | 5.24% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 43 | $21,365,000 | $496,860 | $6,221 | 5.07% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 23 | $18,225,000 | $792,391 | $2,515 | 6.15% |
| PUEBLO, CO (FHA|USDA|VA) | 33 | $12,655,000 | $383,485 | $6,245 | 5.12% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 18 | $12,160,000 | $675,556 | $3,043 | 6.27% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 18 | $11,950,000 | $663,889 | $11,913 | 4.59% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 28 | $11,170,000 | $398,929 | $4,582 | 4.95% |
| Pahrump, NV (FHA|USDA|VA) | 28 | $10,450,000 | $373,214 | $3,748 | 5.50% |
| YUBA CITY, CA (FHA|USDA|VA) | 20 | $9,440,000 | $472,000 | $2,636 | 5.24% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 14 | $8,860,000 | $632,857 | $7,501 | 5.79% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 27 | $8,755,000 | $324,259 | $4,997 | 4.77% |
| ST. GEORGE, UT (FHA|USDA|VA) | 19 | $8,565,000 | $450,789 | $6,115 | 5.20% |
| RICHMOND, VA (FHA|USDA|VA) | 15 | $8,325,000 | $555,000 | $2,389 | 5.36% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 14 | $6,440,000 | $460,000 | $6,267 | 5.62% |
| BELLINGHAM, WA (FHA|USDA|VA) | 10 | $5,420,000 | $542,000 | $3,259 | 4.72% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 8 | $4,790,000 | $598,750 | $6,797 | 5.52% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 11 | $4,515,000 | $410,455 | $2,037 | 5.55% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 7 | $4,455,000 | $636,429 | $2,675 | 6.04% |
| OCALA, FL (FHA|USDA|VA) | 6 | $2,270,000 | $378,333 | $5,134 | 5.04% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 6.88% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $1,090 | 6.00% |
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Product Mix
For 2024, Homeamerican Mortgage Corporation's most frequently originated type of loan was Conventional, with 3,828 originations. Their 2nd most popular type was FHA, with 2,323 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 7,317 | $3,407,735,000 | $465,728 | $4,753 | 5.43% |
For 2024, Homeamerican Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 7,317 originations.
Loan Duration/Length
For 2024, Homeamerican Mortgage Corporation's most frequently cited loan duration was 30 Year, with 7,273 originations. The 2nd most popular length was 15 Year, with 40 originations.
Origination Fees/Closing Costs
Homeamerican Mortgage Corporation's average total fees were $4,774, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 6,044 originations.
Interest Rates
During 2024, Homeamerican Mortgage Corporation's average interest rate for loans was 5.43%, while their most frequently originated rate bucket for loans was 5-6%, with 3,392 originations.
Loan Sizing
2024 saw Homeamerican Mortgage Corporation place emphasis on $400k-600k loans with 3,504 originations, totaling $1,721,790,000 in origination value.
Applicant Income
Homeamerican Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 2,577 originations. The second most popular income band? $150k-250k, with 2,297 originations.
Applicant Debt to Income Ratio
Homeamerican Mortgage Corporation lent most frequently to those with DTI ratios of 50-60%, with 1,306 originations. The next most common DTI ratio? 30-36%, with 944 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.16%
Homeamerican Mortgage Corporation has an average approval rate.
Pick Rate
Approvals leading to origination83.41%
Homeamerican Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 7,317 | $3,407,735,000 | $465,728 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7,317 | $3,407,735,000 | $465,728 |