Homeamerican Mortgage Corporation Rates, Fees & InfoCentennial, CO
Tax ID: 84-0927358
Review & OverviewHomeamerican 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.
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|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.|
Origination Dollar Volume (All Markets)$2,621,905,000
Homeamerican Mortgage Corporation's average 30 year fixed mortgage rate was
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.
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%|
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.
Similarity Rank: 86
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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||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, Homeamerican Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 6,247 originations.
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
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.
|Loan Rate||Originations||Total Value||Average Loan|
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.
2021 saw Homeamerican Mortgage Corporation place emphasis on $400k-600k loans with 3,015 originations, totaling $1,471,855,000 in origination value.
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
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.
Approval RatesTotal approvals of all applications
Homeamerican Mortgage Corporation has an average approval rate.
Pick RateApprovals leading to origination
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|
Occupancy Type Mix
|Dwelling Type||Originations||Total Value||Average Loan|
|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%|