Homeamerican Mortgage Corporation Rates, Fees & Info

Centennial, CO

LEI: 5493001HHBUTXHS7TZ96

Tax ID: 84-0927358

5 stars - Updated: 2/19/24 - out of 5 stars, based on 77 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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. They have a low ratio of USDA loans. Their top markets by origination volume include: Denver, Phoenix, Riverside, Las Vegas, and Jacksonville among others. We have data for 45 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 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 6.24% 2/19/24
30 Year FHA Purchase 6.54% 2/19/24
30 Year VA Purchase 5.67% 2/19/24
30 Year USDA Purchase 6.36% 2/19/24
15 Year Conventional Purchase 5.63% 2/19/24
15 Year VA Purchase 5.92% 2/19/24
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

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

5,876

Origination Dollar Volume (All Markets)

$2,747,710,000
Show all (65) awards

Relative Rate

Homeamerican Mortgage Corporation's average 30 year fixed mortgage rate was 4.52%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.24%.

Relative Fees (Closing Costs)

Homeamerican Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $3,913.

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) 940 $488,410,000 $519,585 $4,525 4.66%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 894 $347,810,000 $389,049 $3,062 4.51%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 505 $272,085,000 $538,782 $4,214 4.48%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 592 $243,740,000 $411,723 $2,309 4.55%
JACKSONVILLE, FL (FHA|USDA|VA) 370 $134,280,000 $362,919 $4,429 4.44%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 218 $120,770,000 $553,991 $2,355 4.40%
GREELEY, CO (FHA|USDA|VA) 187 $93,945,000 $502,380 $3,652 4.55%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 154 $88,840,000 $576,883 $4,246 4.35%
PROVO-OREM, UT (FHA|USDA|VA) 176 $82,820,000 $470,568 $1,881 4.61%
STOCKTON, CA (FHA|USDA|VA) 140 $78,300,000 $559,286 $2,279 4.70%
TUCSON, AZ (FHA|USDA|VA) 185 $69,695,000 $376,730 $6,179 4.54%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 110 $64,750,000 $588,636 $8,747 4.25%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 154 $54,850,000 $356,169 $4,647 4.65%
SALT LAKE CITY, UT (FHA|USDA|VA) 105 $49,645,000 $472,810 $3,165 4.77%
VALLEJO, CA (FHA|USDA|VA) 77 $43,785,000 $568,636 $2,146 4.22%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 88 $42,850,000 $486,932 $3,739 4.08%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 124 $42,260,000 $340,806 $5,326 4.30%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 82 $41,430,000 $505,244 $3,408 4.10%
FORT COLLINS, CO (FHA|USDA|VA) 79 $37,635,000 $476,392 $2,712 4.59%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 56 $36,500,000 $651,786 $5,121 4.29%
COLORADO SPRINGS, CO (FHA|USDA|VA) 65 $31,695,000 $487,615 $8,263 4.29%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 61 $28,485,000 $466,967 $2,558 4.27%
YUBA CITY, CA (FHA|USDA|VA) 60 $26,950,000 $449,167 $3,379 4.82%
WINCHESTER, VA-WV (FHA|USDA|VA) 53 $25,435,000 $479,906 $2,861 4.41%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 41 $24,255,000 $591,585 $5,747 4.30%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 46 $24,240,000 $526,957 $4,793 3.91%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 36 $24,190,000 $671,944 $7,425 4.44%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 28 $18,380,000 $656,429 $2,850 4.46%
Outside of Metro Areas 41 $18,305,000 $446,463 $4,794 4.78%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 39 $14,385,000 $368,846 $4,106 4.34%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 20 $13,460,000 $673,000 $5,678 4.06%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 30 $13,190,000 $439,667 $6,507 4.53%
SALEM, OR (FHA|USDA|VA) 27 $12,985,000 $480,926 $3,514 4.44%
PUEBLO, CO (FHA|USDA|VA) 30 $11,910,000 $397,000 $6,325 4.40%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 17 $7,675,000 $451,471 $4,484 3.94%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 14 $4,930,000 $352,143 $5,299 4.37%
YORK-HANOVER, PA (FHA|USDA|VA) 11 $3,945,000 $358,636 $3,870 4.90%
BOISE CITY, ID (FHA|USDA|VA) 5 $2,305,000 $461,000 $76 4.20%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $1,720,000 $430,000 $1,101 5.47%
Pahrump, NV (FHA|USDA|VA) 5 $1,515,000 $303,000 $1,920 5.20%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $1,200,000 $600,000 $11,285 4.88%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $710,000 $355,000 $0 5.81%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $525,000 $525,000 $770 5.88%
ST. GEORGE, UT (FHA|USDA|VA) 1 $515,000 $515,000 $0 6.63%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $405,000 $405,000 $7,366 5.50%
Homeamerican Mortgage Corporation's top markets include Denver, Phoenix, Riverside, Las Vegas, and Jacksonville among others.

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

    First Credit Union
    Similarity Rank: 100
    Los Angeles Federal Credit Union
    Similarity Rank: 136
    SunWest Credit Union
    Similarity Rank: 138
    PIMA Federal Credit Union
    Similarity Rank: 366
    CASTPARTS EMPLOYEES
    Similarity Rank: 440
    ARIZONA CENTRAL
    Similarity Rank: 506
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 546
    Cedar Point Federal Credit Union
    Similarity Rank: 546

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,935 $1,802,255,000 $458,006 $1,934 4.69%
    VA 1,146 $588,000,000 $513,089 $6,992 4.06%
    FHA 793 $356,795,000 $449,931 $8,980 4.23%
    USDA 2 $660,000 $330,000 $5,828 3.69%

    For 2022, Homeamerican Mortgage Corporation's most frequently originated type of loan was Conventional, with 3,935 originations. Their 2nd most popular type was VA, with 1,146 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 5,876 $2,747,710,000 $467,616 $3,872 4.51%

    For 2022, Homeamerican Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 5,876 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,757 $2,711,745,000 $471,034 $3,913 4.52%
    15 Year 100 $30,000,000 $300,000 $1,615 3.75%
    20 Year 12 $4,520,000 $376,667 $4,055 3.89%
    10 Year 6 $1,310,000 $218,333 $2,672 3.85%
    Other 1 $135,000 $135,000 $1,462 2.88%

    For 2022, Homeamerican Mortgage Corporation's most frequently cited loan duration was 30 Year, with 5,757 originations. The 2nd most popular length was 15 Year, with 100 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 4,250 $1,944,000,000 $457,412
    $1k-2k 706 $330,510,000 $468,144
    $5k+ 421 $228,335,000 $542,363
    $2k-3k 218 $107,690,000 $493,991
    $3k-4k 151 $72,735,000 $481,689
    $4k-5k 129 $63,905,000 $495,388

    Homeamerican Mortgage Corporation's average total fees were $3,913, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,250 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,872 $882,350,000 $471,341
    5-6% 1,804 $843,630,000 $467,644
    3-4% 1,411 $663,405,000 $470,167
    2.5-3% 441 $203,425,000 $461,281
    6-7% 192 $86,730,000 $451,719
    <2.5% 153 $67,085,000 $438,464
    7-8% 3 $1,085,000 $361,667

    During 2022, Homeamerican Mortgage Corporation's average interest rate for loans was 4.52%, while their most frequently originated rate bucket for loans was 4-5%, with 1,872 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 2,896 $1,425,110,000 $492,096 $3,941 4.53%
    $200k-400k 1,629 $541,055,000 $332,139 $3,072 4.46%
    $600k-1MM 1,101 $743,325,000 $675,136 $5,423 4.50%
    $100k-200k 216 $31,840,000 $147,407 $1,188 4.52%
    $100,000 or less 30 $2,080,000 $69,333 $1,598 4.83%
    $1MM+ 4 $4,300,000 $1,075,000 $15,795 4.38%

    2022 saw Homeamerican Mortgage Corporation place emphasis on $400k-600k loans with 2,896 originations, totaling $1,425,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2,194 $1,045,120,000 $476,354 $3,998 4.52%
    $150k-250k 1,623 $878,535,000 $541,303 $3,776 4.65%
    $75k-100k 1,117 $443,985,000 $397,480 $4,332 4.32%
    $50k-75k 518 $166,260,000 $320,965 $3,319 4.24%
    $250k+ 357 $201,365,000 $564,048 $3,399 4.79%
    $50k or less 67 $12,445,000 $185,746 $1,201 4.36%

    Homeamerican Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 2,194 originations. The second most popular income band? $150k-250k, with 1,623 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 884 $421,380,000 $476,674 $3,143 4.46%
    20-30% 746 $318,190,000 $426,528 $2,178 4.35%
    50-60% 695 $346,125,000 $498,022 $7,734 4.30%
    49% 341 $159,205,000 $466,877 $3,421 4.69%
    48% 279 $127,475,000 $456,900 $3,751 4.57%
    46% 253 $118,775,000 $469,466 $3,903 4.58%
    47% 249 $117,005,000 $469,900 $3,945 4.53%
    42% 243 $116,315,000 $478,663 $3,383 4.67%
    43% 243 $114,395,000 $470,761 $3,307 4.61%
    44% 238 $113,030,000 $474,916 $3,280 4.61%
    45% 230 $107,630,000 $467,957 $3,694 4.76%
    39% 227 $108,215,000 $476,718 $3,495 4.50%
    41% 225 $109,115,000 $484,956 $4,006 4.59%
    40% 200 $92,880,000 $464,400 $3,449 4.58%
    38% 194 $91,360,000 $470,928 $3,392 4.63%
    36% 190 $88,760,000 $467,158 $3,220 4.52%
    37% 179 $88,925,000 $496,788 $3,760 4.74%
    <20% 178 $61,560,000 $345,843 $2,202 4.35%
    >60% 82 $47,370,000 $577,683 $9,982 4.20%

    Homeamerican Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 884 originations. The next most common DTI ratio? 20-30%, with 746 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,384 $1,541,230,000 $455,446 $3,963 4.49%
    Asian 784 $395,860,000 $504,923 $2,909 4.59%
    Not provided 818 $382,350,000 $467,421 $3,783 4.49%
    Black 566 $269,800,000 $476,678 $5,516 4.43%
    Asian Indian 91 $47,735,000 $524,560 $1,758 4.71%
    American Indian 73 $34,665,000 $474,863 $3,869 4.39%
    Filipino 60 $31,030,000 $517,167 $2,749 4.55%
    Other Asian 27 $12,645,000 $468,333 $1,923 4.73%
    Native Hawaiian or Islander 21 $10,645,000 $506,905 $3,494 4.61%
    Chinese 18 $7,060,000 $392,222 $324 5.13%
    Vietnamese 12 $5,010,000 $417,500 $292 4.69%
    Korean 7 $3,005,000 $429,286 $2,936 4.50%
    5 $2,555,000 $511,000 $6,407 5.33%
    Japanese 5 $1,885,000 $377,000 $3,521 4.23%
    Native Hawaiian 2 $1,060,000 $530,000 $5,592 3.19%
    Other Pacific Islander 2 $790,000 $395,000 $7,374 4.88%
    Guamanian 1 $385,000 $385,000 $5,315 2.88%

    Approval Rates

    Total approvals of all applications
    86.50%

    Homeamerican Mortgage Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    45.76%

    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 5,876 $2,747,710,000 $467,616

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    5,876 $2,747,710,000 $467,616

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 247 $47,865,000 $193,785 $1,445 4.55%
    40-60% 465 $154,825,000 $332,957 $1,952 4.58%
    60-80% 1,330 $634,770,000 $477,271 $2,406 4.60%
    80-100% 3,437 $1,733,525,000 $504,372 $3,765 4.50%
    Over 100% 323 $169,045,000 $523,359 $16,194 4.07%
    Under 20% 74 $7,680,000 $103,784 $1,551 4.58%