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. 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.24% | 4/28/24 |
| 30 Year FHA Purchase | 6.54% | 4/28/24 |
| 30 Year VA Purchase | 5.67% | 4/28/24 |
| 30 Year USDA Purchase | 6.36% | 4/28/24 |
| 15 Year Conventional Purchase | 5.63% | 4/28/24 |
| 15 Year VA Purchase | 5.92% | 4/28/24 |
| 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
5,876Origination Dollar Volume (All Markets)
$2,747,710,000Awards
HOMEAMERICAN MORTGAGE CORPORATION - 2022
HOMEAMERICAN MORTGAGE CORPORATION is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
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 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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications86.50%
Homeamerican Mortgage Corporation has an average approval rate.
Pick Rate
Approvals leading to origination45.76%
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 |