Homeamerican Mortgage Corporation Rates, Fees & Info

Centennial, CO

LEI: 5493001HHBUTXHS7TZ96

Tax ID: 84-0927358

5 stars - Updated: 5/27/24 - out of 5 stars, based on 74 reviews

Latest/2023 | 2022 Data | 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. 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.

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% 5/27/24
30 Year FHA Purchase 6.54% 5/27/24
30 Year VA Purchase 5.67% 5/27/24
30 Year USDA Purchase 6.36% 5/27/24
15 Year Conventional Purchase 5.63% 5/27/24
15 Year VA Purchase 5.92% 5/27/24
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

5,430

Origination Dollar Volume (All Markets)

$2,448,510,000
Show all (124) awards

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%
Homeamerican Mortgage Corporation's top markets include Phoenix, Denver, Las Vegas, Riverside, and Sacramento 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: 22
    PREMIER MORTGAGE SERVICES, INC.
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    El Dorado Savings Bank, F.S.B.
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    ALTURA
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    INROADS
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    FOOTHILL FEDERAL CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,086 $1,346,500,000 $436,325 $2,036 5.97%
    FHA 1,411 $639,725,000 $453,384 $9,583 5.52%
    VA 933 $462,285,000 $495,482 $6,543 5.40%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,399 $2,441,055,000 $452,131 $4,791 5.76%
    15 Year 29 $7,185,000 $247,759 $1,476 5.58%
    10 Year 1 $95,000 $95,000 $0 4.25%
    20 Year 1 $175,000 $175,000 $986 6.50%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 4,029 $1,779,285,000 $441,620
    $1k-2k 457 $210,795,000 $461,258
    $5k+ 457 $236,165,000 $516,772
    $2k-3k 211 $95,235,000 $451,351
    $3k-4k 163 $73,525,000 $451,074
    $4k-5k 113 $53,505,000 $473,496

    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

    Loan Rate Originations Total Value Average Loan
    5-6% 2,820 $1,264,790,000 $448,507
    4-5% 1,165 $535,865,000 $459,970
    6-7% 1,034 $456,140,000 $441,141
    7-8% 378 $178,240,000 $471,534
    Over 8% 21 $8,485,000 $404,048
    3-4% 12 $4,990,000 $415,833

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 2,662 $1,293,380,000 $485,868 $5,431 5.72%
    $200k-400k 1,688 $557,200,000 $330,095 $3,660 5.75%
    $600k-1MM 826 $556,810,000 $674,104 $6,111 5.83%
    $100k-200k 202 $30,370,000 $150,347 $884 5.97%
    $100,000 or less 45 $3,295,000 $73,222 $453 5.82%
    $1MM+ 7 $7,455,000 $1,065,000 $3,860 6.52%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2,100 $942,920,000 $449,010 $5,279 5.70%
    $150k-250k 1,612 $834,550,000 $517,711 $4,663 5.89%
    $75k-100k 887 $331,765,000 $374,030 $5,027 5.61%
    $250k+ 402 $221,510,000 $551,020 $3,484 6.06%
    $50k-75k 377 $110,065,000 $291,950 $3,669 5.51%
    $50k or less 52 $7,700,000 $148,077 $1,194 5.78%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 942 $446,560,000 $474,055 $8,479 5.59%
    30-36% 702 $309,710,000 $441,182 $3,296 5.75%
    20-30% 593 $236,575,000 $398,946 $2,761 5.79%
    49% 340 $157,160,000 $462,235 $4,548 5.78%
    48% 281 $129,725,000 $461,655 $4,654 5.82%
    45% 240 $108,960,000 $454,000 $4,414 5.80%
    43% 239 $112,765,000 $471,820 $4,414 5.85%
    46% 236 $110,740,000 $469,237 $5,119 5.76%
    47% 221 $102,835,000 $465,317 $4,739 5.83%
    44% 210 $97,900,000 $466,190 $4,582 5.86%
    42% 192 $86,400,000 $450,000 $4,026 5.70%
    41% 187 $86,125,000 $460,561 $4,674 5.91%
    39% 184 $85,680,000 $465,652 $3,871 5.86%
    40% 179 $82,005,000 $458,128 $4,287 5.67%
    38% 165 $74,715,000 $452,818 $4,422 5.73%
    36% 162 $73,350,000 $452,778 $3,413 5.84%
    37% 154 $69,470,000 $451,104 $3,969 5.86%
    <20% 137 $40,775,000 $297,628 $1,516 5.91%
    >60% 66 $37,060,000 $561,515 $8,425 5.42%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,218 $1,408,250,000 $437,617 $4,557 5.75%
    Not provided 767 $356,945,000 $465,378 $5,648 5.73%
    Asian 592 $282,320,000 $476,892 $3,695 5.89%
    Black 528 $245,580,000 $465,114 $6,272 5.64%
    Asian Indian 89 $46,135,000 $518,371 $2,145 5.99%
    American Indian 71 $31,835,000 $448,380 $5,800 5.84%
    Filipino 53 $26,215,000 $494,623 $6,152 5.79%
    Other Asian 31 $14,165,000 $456,935 $4,392 5.90%
    Chinese 21 $9,775,000 $465,476 $2,426 6.24%
    Native Hawaiian or Islander 22 $9,620,000 $437,273 $5,117 5.55%
    Vietnamese 17 $9,275,000 $545,588 $4,362 5.64%
    9 $3,135,000 $348,333 $3,839 5.54%
    Korean 4 $1,740,000 $435,000 $7,409 5.31%
    Japanese 3 $1,085,000 $361,667 $3,866 6.46%
    Other Pacific Islander 2 $1,030,000 $515,000 $1,534 7.13%
    Samoan 2 $990,000 $495,000 $15,755 5.00%
    Guamanian 1 $415,000 $415,000 $0 5.75%

    Approval Rates

    Total approvals of all applications
    86.97%

    Homeamerican Mortgage Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.78%

    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

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 231 $44,565,000 $192,922 $1,036 5.93%
    40-60% 374 $123,240,000 $329,519 $1,542 5.91%
    60-80% 1,085 $488,635,000 $450,355 $2,433 5.94%
    80-100% 3,418 $1,658,820,000 $485,319 $5,466 5.70%
    Over 100% 252 $126,340,000 $501,349 $14,810 5.32%
    Under 20% 70 $6,910,000 $98,714 $563 5.80%