Finance Of America Commercial Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 5493001IKIPQ6O5UGV92

Tax ID: 35-2486440

2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Finance Of America Commercial is a small mortgage company specializing in Cash Out Refi and Home Purchase loans. Finance Of America Commercial has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, New York, Philadelphia, Atlanta, and Miami among others. We have data for 322 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Finance Of America Commercial 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. 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 in 2021-- chances are they are still one in 2022.

    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 5.30% 8/6/22
    30 Year Conventional Refi 5.30% 8/6/22
    30 Year Cash-out Refi 5.30% 8/6/22
    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.


    Originations

    6,308

    Origination Dollar Volume (All Markets)

    $1,501,700,000

    Relative Rate

    Finance Of America Commercial 's average 30 year fixed rate mortgage of loans were 4.49%.

    The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

    This yields a difference of 1.34%.

    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
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) » 727 $135,605,000 $186,527 $0 6.49%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) » 276 $120,200,000 $435,507 $0 5.90%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) » 461 $87,915,000 $190,705 $0 5.77%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) » 254 $63,760,000 $251,024 $0 5.57%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) » 125 $45,205,000 $361,640 $0 5.64%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) » 256 $45,060,000 $176,016 $0 5.01%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) » 113 $40,915,000 $362,080 $0 5.69%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) » 114 $32,050,000 $281,140 $0 5.40%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) » 139 $31,655,000 $227,734 $0 5.15%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) » 144 $29,930,000 $207,847 $0 5.35%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) » 104 $29,350,000 $282,212 $0 6.14%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) » 80 $25,000,000 $312,500 $0 5.58%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) » 35 $24,415,000 $697,571 $0 5.62%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) » 139 $23,575,000 $169,604 $0 5.40%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) » 63 $22,795,000 $361,825 $0 4.82%
    RICHMOND, VA (FHA|USDA|VA) » 120 $19,330,000 $161,083 $0 5.33%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) » 38 $16,980,000 $446,842 $0 6.10%
    ALBUQUERQUE, NM (FHA|USDA|VA) » 64 $16,360,000 $255,625 $0 6.32%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) » 103 $16,185,000 $157,136 $0 5.74%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) » 73 $15,585,000 $213,493 $0 5.90%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) » 32 $15,500,000 $484,375 $0 5.59%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) » 30 $14,780,000 $492,667 $0 6.34%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) » 35 $14,765,000 $421,857 $0 4.77%
    COLUMBUS, OH (FHA|USDA|VA) » 75 $14,575,000 $194,333 $0 5.86%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) » 41 $14,335,000 $349,634 $0 5.93%
    LUBBOCK, TX (FHA|USDA|VA) » 64 $14,150,000 $221,094 $0 3.96%
    KANSAS CITY, MO-KS (FHA|USDA|VA) » 106 $13,860,000 $130,755 $0 5.04%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) » 52 $13,760,000 $264,615 $0 6.23%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) » 30 $13,480,000 $449,333 $0 5.52%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) » 97 $13,255,000 $136,649 $0 5.85%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) » 52 $12,320,000 $236,923 $0 5.94%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) » 35 $11,885,000 $339,571 $0 6.12%
    JACKSONVILLE, FL (FHA|USDA|VA) » 70 $10,910,000 $155,857 $0 5.25%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) » 35 $10,875,000 $310,714 $0 4.41%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) » 14 $9,890,000 $706,429 $0 4.62%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) » 29 $9,585,000 $330,517 $0 4.94%
    ST. LOUIS, MO-IL (FHA|USDA|VA) » 63 $9,365,000 $148,651 $0 6.68%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) » 23 $9,255,000 $402,391 $0 5.91%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) » 32 $8,900,000 $278,125 $0 5.30%
    URBAN HONOLULU, HI (FHA|USDA|VA) » 14 $8,700,000 $621,429 $0 5.56%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) » 43 $8,455,000 $196,628 $0 5.18%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) » 54 $8,350,000 $154,630 $0 6.44%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) » 12 $8,240,000 $686,667 $0 4.94%
    BATON ROUGE, LA (FHA|USDA|VA) » 13 $7,695,000 $591,923 $0 6.74%
    PITTSBURGH, PA (FHA|USDA|VA) » 46 $7,350,000 $159,783 $0 5.57%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) » 46 $6,920,000 $150,435 $0 5.49%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) » 47 $6,845,000 $145,638 $0 6.03%
    Outside of Metro Areas 26 $6,840,000 $263,077 $0 6.07%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) » 34 $6,810,000 $200,294 $0 5.88%
    RALEIGH-CARY, NC (FHA|USDA|VA) » 20 $6,800,000 $340,000 $0 4.90%
    FRESNO, CA (FHA|USDA|VA) » 23 $6,465,000 $281,087 $0 4.22%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) » 35 $6,305,000 $180,143 $0 5.48%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) » 6 $6,260,000 $1,043,333 $0 6.41%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) » 26 $6,250,000 $240,385 $0 7.52%
    AKRON, OH (FHA|USDA|VA) » 41 $5,825,000 $142,073 $0 5.58%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) » 33 $5,715,000 $173,182 $0 6.82%
    VISALIA, CA (FHA|USDA|VA) » 36 $5,510,000 $153,056 $0 3.89%
    DOVER, DE (FHA|USDA|VA) » 44 $5,510,000 $125,227 $0 6.82%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) » 23 $5,465,000 $237,609 $0 5.01%
    BOISE CITY, ID (FHA|USDA|VA) » 17 $5,455,000 $320,882 $0 5.51%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) » 7 $4,965,000 $709,286 $0 4.78%
    COLORADO SPRINGS, CO (FHA|USDA|VA) » 10 $4,800,000 $480,000 $0 6.01%
    VALLEJO, CA (FHA|USDA|VA) » 4 $4,650,000 $1,162,500 $0 5.62%
    FORT COLLINS, CO (FHA|USDA|VA) » 11 $4,595,000 $417,727 $0 6.76%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) » 22 $4,560,000 $207,273 $0 6.10%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) » 17 $4,555,000 $267,941 $0 5.20%
    MONTGOMERY, AL (FHA|USDA|VA) » 16 $4,550,000 $284,375 $0 6.14%
    PUNTA GORDA, FL (FHA|USDA|VA) » 15 $4,515,000 $301,000 $0 6.15%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) » 14 $4,460,000 $318,571 $0 5.38%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) » 14 $4,250,000 $303,571 $0 6.98%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) » 20 $4,240,000 $212,000 $0 5.47%
    GREEN BAY, WI (FHA|USDA|VA) » 19 $3,885,000 $204,474 $0 4.76%
    TUCSON, AZ (FHA|USDA|VA) » 10 $3,860,000 $386,000 $0 6.13%
    COLUMBIA, SC (FHA|USDA|VA) » 21 $3,715,000 $176,905 $0 5.74%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) » 25 $3,655,000 $146,200 $0 5.58%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) » 18 $3,630,000 $201,667 $0 6.28%
    Mountain Home, ID (FHA|USDA|VA) » 1 $3,585,000 $3,585,000 $0 4.40%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) » 21 $3,505,000 $166,905 $0 5.20%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) » 10 $3,350,000 $335,000 $0 4.51%
    OKLAHOMA CITY, OK (FHA|USDA|VA) » 15 $3,325,000 $221,667 $0 6.25%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) » 18 $3,320,000 $184,444 $0 5.49%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) » 10 $3,310,000 $331,000 $0 7.14%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) » 16 $3,160,000 $197,500 $0 4.34%
    BEND, OR (FHA|USDA|VA) » 9 $3,085,000 $342,778 $0 4.39%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) » 9 $3,045,000 $338,333 $0 7.08%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) » 16 $3,030,000 $189,375 $0 6.65%
    SALT LAKE CITY, UT (FHA|USDA|VA) » 9 $2,995,000 $332,778 $0 4.75%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) » 19 $2,935,000 $154,474 $0 5.88%
    APPLETON, WI (FHA|USDA|VA) » 21 $2,895,000 $137,857 $0 4.26%
    FAYETTEVILLE, NC (FHA|USDA|VA) » 25 $2,815,000 $112,600 $0 6.01%
    TALLAHASSEE, FL (FHA|USDA|VA) » 15 $2,785,000 $185,667 $0 4.25%
    READING, PA (FHA|USDA|VA) » 12 $2,700,000 $225,000 $0 6.55%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) » 21 $2,695,000 $128,333 $0 4.49%
    CORPUS CHRISTI, TX (FHA|USDA|VA) » 14 $2,680,000 $191,429 $0 5.10%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) » 14 $2,650,000 $189,286 $0 6.47%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) » 11 $2,625,000 $238,636 $0 5.35%
    MUNCIE, IN (FHA|USDA|VA) » 13 $2,605,000 $200,385 $0 7.79%
    RENO, NV (FHA|USDA|VA) » 9 $2,575,000 $286,111 $0 4.57%
    LONGVIEW, WA (FHA|USDA|VA) » 3 $2,545,000 $848,333 $0 5.81%
    STOCKTON, CA (FHA|USDA|VA) » 8 $2,510,000 $313,750 $0 5.75%
    ANCHORAGE, AK (FHA|USDA|VA) » 7 $2,475,000 $353,571 $0 7.19%
    WORCESTER, MA-CT (FHA|USDA|VA) » 8 $2,300,000 $287,500 $0 6.50%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) » 16 $2,280,000 $142,500 $0 4.60%
    BELLINGHAM, WA (FHA|USDA|VA) » 6 $2,270,000 $378,333 $0 7.49%
    ASHEVILLE, NC (FHA|USDA|VA) » 9 $2,265,000 $251,667 $0 7.76%
    WILMINGTON, NC (FHA|USDA|VA) » 12 $2,250,000 $187,500 $0 4.50%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) » 14 $2,210,000 $157,857 $0 4.97%
    SANTA FE, NM (FHA|USDA|VA) » 7 $2,195,000 $313,571 $0 5.84%
    GREELEY, CO (FHA|USDA|VA) » 9 $2,195,000 $243,889 $0 5.62%
    SPRINGFIELD, OH (FHA|USDA|VA) » 1 $2,125,000 $2,125,000 $0 4.25%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) » 3 $2,055,000 $685,000 $0 5.08%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) » 21 $2,015,000 $95,952 $0 5.45%
    SPRINGFIELD, MA (FHA|USDA|VA) » 8 $2,010,000 $251,250 $0 6.06%
    SALISBURY, MD-DE (FHA|USDA|VA) » 4 $2,000,000 $500,000 $0 6.99%
    Gardnerville Ranchos, NV (FHA|USDA|VA) » 2 $1,930,000 $965,000 $0 6.25%
    PANAMA CITY, FL (FHA|USDA|VA) » 7 $1,845,000 $263,571 $0 6.52%
    SAVANNAH, GA (FHA|USDA|VA) » 7 $1,805,000 $257,857 $0 5.37%
    EL PASO, TX (FHA|USDA|VA) » 1 $1,785,000 $1,785,000 $0 4.00%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) » 4 $1,750,000 $437,500 $0 6.87%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) » 2 $1,650,000 $825,000 $0 4.25%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) » 6 $1,580,000 $263,333 $0 5.02%
    OCALA, FL (FHA|USDA|VA) » 10 $1,530,000 $153,000 $0 5.05%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) » 11 $1,515,000 $137,727 $0 5.59%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) » 7 $1,485,000 $212,143 $0 5.82%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) » 14 $1,460,000 $104,286 $0 6.25%
    Torrington, CT (FHA|USDA|VA) » 10 $1,460,000 $146,000 $0 5.45%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) » 9 $1,445,000 $160,556 $0 6.57%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) » 5 $1,445,000 $289,000 $0 8.44%
    LONGVIEW, TX (FHA|USDA|VA) » 3 $1,435,000 $478,333 $0 7.21%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) » 13 $1,425,000 $109,615 $0 5.53%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) » 3 $1,415,000 $471,667 $0 6.66%
    BOULDER, CO (FHA|USDA|VA) » 4 $1,390,000 $347,500 $0 6.84%
    EAST STROUDSBURG, PA (FHA|USDA|VA) » 9 $1,385,000 $153,889 $0 5.41%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) » 5 $1,375,000 $275,000 $0 5.10%
    NILES, MI (FHA|USDA|VA) » 4 $1,350,000 $337,500 $0 8.87%
    PORT ST. LUCIE, FL (FHA|USDA|VA) » 7 $1,335,000 $190,714 $0 7.13%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) » 4 $1,330,000 $332,500 $0 4.81%
    WINCHESTER, VA-WV (FHA|USDA|VA) » 8 $1,290,000 $161,250 $0 6.20%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) » 5 $1,275,000 $255,000 $0 4.30%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) » 4 $1,240,000 $310,000 $0 4.44%
    SPARTANBURG, SC (FHA|USDA|VA) » 8 $1,230,000 $153,750 $0 6.06%
    REDDING, CA (FHA|USDA|VA) » 2 $1,220,000 $610,000 $0 4.38%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) » 13 $1,175,000 $90,385 $0 7.20%
    Elizabeth City, NC (FHA|USDA|VA) » 8 $1,120,000 $140,000 $0 3.95%
    HUNTSVILLE, AL (FHA|USDA|VA) » 8 $1,100,000 $137,500 $0 5.62%
    Dublin, GA (FHA|USDA|VA) » 6 $1,100,000 $183,333 $0 5.69%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) » 9 $1,095,000 $121,667 $0 6.64%
    TULSA, OK (FHA|USDA|VA) » 6 $1,080,000 $180,000 $0 6.52%
    CHEYENNE, WY (FHA|USDA|VA) » 6 $1,080,000 $180,000 $0 4.67%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) » 3 $1,075,000 $358,333 $0 7.29%
    DAYTON-KETTERING, OH (FHA|USDA|VA) » 10 $1,010,000 $101,000 $0 6.99%
    MIDLAND, TX (FHA|USDA|VA) » 4 $1,010,000 $252,500 $0 4.50%
    Taos, NM (FHA|USDA|VA) » 5 $985,000 $197,000 $0 8.99%
    Hermiston-Pendleton, OR (FHA|USDA|VA) » 1 $945,000 $945,000 $0 4.38%
    Whitewater, WI (FHA|USDA|VA) » 7 $915,000 $130,714 $0 6.53%
    Fredericksburg, TX (FHA|USDA|VA) » 1 $895,000 $895,000 $0 8.50%
    WINSTON-SALEM, NC (FHA|USDA|VA) » 6 $850,000 $141,667 $0 4.48%
    ROCHESTER, NY (FHA|USDA|VA) » 8 $840,000 $105,000 $0 8.18%
    KINGSTON, NY (FHA|USDA|VA) » 4 $830,000 $207,500 $0 7.43%
    WARNER ROBINS, GA (FHA|USDA|VA) » 16 $830,000 $51,875 $0 7.98%
    JACKSONVILLE, NC (FHA|USDA|VA) » 6 $820,000 $136,667 $0 8.20%
    TOLEDO, OH (FHA|USDA|VA) » 6 $820,000 $136,667 $0 6.27%
    Grants, NM (FHA|USDA|VA) » 3 $815,000 $271,667 $0 7.13%
    JONESBORO, AR (FHA|USDA|VA) » 4 $780,000 $195,000 $0 4.56%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) » 6 $770,000 $128,333 $0 8.02%
    Ashtabula, OH (FHA|USDA|VA) » 2 $770,000 $385,000 $0 6.75%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) » 3 $755,000 $251,667 $0 4.75%
    Port Angeles, WA (FHA|USDA|VA) » 5 $755,000 $151,000 $0 9.25%
    RACINE, WI (FHA|USDA|VA) » 7 $755,000 $107,857 $0 6.25%
    TYLER, TX (FHA|USDA|VA) » 4 $750,000 $187,500 $0 8.56%
    FORT WAYNE, IN (FHA|USDA|VA) » 3 $745,000 $248,333 $0 7.79%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) » 7 $745,000 $106,429 $0 5.75%
    Vidalia, GA (FHA|USDA|VA) » 1 $725,000 $725,000 $0 4.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) » 2 $720,000 $360,000 $0 7.74%
    SPRINGFIELD, MO (FHA|USDA|VA) » 5 $715,000 $143,000 $0 5.22%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) » 7 $715,000 $102,143 $0 6.67%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) » 1 $715,000 $715,000 $0 4.13%
    LAKE CHARLES, LA (FHA|USDA|VA) » 6 $710,000 $118,333 $0 6.60%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) » 1 $705,000 $705,000 $0 4.34%
    TUSCALOOSA, AL (FHA|USDA|VA) » 4 $700,000 $175,000 $0 4.72%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) » 3 $695,000 $231,667 $0 4.75%
    KNOXVILLE, TN (FHA|USDA|VA) » 5 $685,000 $137,000 $0 5.65%
    SYRACUSE, NY (FHA|USDA|VA) » 6 $680,000 $113,333 $0 4.56%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) » 5 $675,000 $135,000 $0 8.65%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) » 3 $655,000 $218,333 $0 5.79%
    LANCASTER, PA (FHA|USDA|VA) » 3 $635,000 $211,667 $0 5.63%
    Huntsville, TX (FHA|USDA|VA) » 3 $625,000 $208,333 $0 6.99%
    OCEAN CITY, NJ (FHA|USDA|VA) » 2 $620,000 $310,000 $0 7.87%
    YUBA CITY, CA (FHA|USDA|VA) » 2 $600,000 $300,000 $0 4.13%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) » 3 $585,000 $195,000 $0 7.87%
    ANN ARBOR, MI (FHA|USDA|VA) » 3 $565,000 $188,333 $0 9.58%
    STAUNTON, VA (FHA|USDA|VA) » 2 $530,000 $265,000 $0 8.49%
    COLUMBUS, GA-AL (FHA|USDA|VA) » 4 $520,000 $130,000 $0 5.28%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) » 2 $520,000 $260,000 $0 7.06%
    LAFAYETTE, LA (FHA|USDA|VA) » 4 $520,000 $130,000 $0 4.16%
    MUSKEGON, MI (FHA|USDA|VA) » 6 $500,000 $83,333 $0 4.50%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) » 4 $500,000 $125,000 $0 4.22%
    Talladega-Sylacauga, AL (FHA|USDA|VA) » 4 $490,000 $122,500 $0 5.44%
    Albemarle, NC (FHA|USDA|VA) » 5 $485,000 $97,000 $0 7.47%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) » 4 $480,000 $120,000 $0 4.63%
    Ukiah, CA (FHA|USDA|VA) » 1 $475,000 $475,000 $0 5.25%
    POCATELLO, ID (FHA|USDA|VA) » 2 $450,000 $225,000 $0 5.06%
    Holland, MI (FHA|USDA|VA) » 2 $450,000 $225,000 $0 6.50%
    Brevard, NC (FHA|USDA|VA) » 3 $445,000 $148,333 $0 4.75%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) » 3 $445,000 $148,333 $0 4.54%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) » 1 $445,000 $445,000 $0 4.00%
    ROME, GA (FHA|USDA|VA) » 2 $410,000 $205,000 $0 4.56%
    Astoria, OR (FHA|USDA|VA) » 1 $405,000 $405,000 $0 7.49%
    MODESTO, CA (FHA|USDA|VA) » 2 $400,000 $200,000 $0 3.69%
    Vineyard Haven, MA (FHA|USDA|VA) » 1 $395,000 $395,000 $0 4.00%
    Branson, MO (FHA|USDA|VA) » 2 $390,000 $195,000 $0 4.69%
    GAINESVILLE, GA (FHA|USDA|VA) » 2 $390,000 $195,000 $0 4.38%
    MOBILE, AL (FHA|USDA|VA) » 3 $385,000 $128,333 $0 7.66%
    Centralia, WA (FHA|USDA|VA) » 1 $375,000 $375,000 $0 4.75%
    Rockport, TX (FHA|USDA|VA) » 2 $370,000 $185,000 $0 4.50%
    ST. GEORGE, UT (FHA|USDA|VA) » 1 $365,000 $365,000 $0 8.00%
    Cookeville, TN (FHA|USDA|VA) » 2 $360,000 $180,000 $0 5.50%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) » 1 $355,000 $355,000 $0 4.75%
    YORK-HANOVER, PA (FHA|USDA|VA) » 3 $355,000 $118,333 $0 5.04%
    ABILENE, TX (FHA|USDA|VA) » 3 $355,000 $118,333 $0 4.83%
    SAGINAW, MI (FHA|USDA|VA) » 1 $345,000 $345,000 $0 5.50%
    GAINESVILLE, FL (FHA|USDA|VA) » 2 $340,000 $170,000 $0 4.69%
    ROANOKE, VA (FHA|USDA|VA) » 1 $335,000 $335,000 $0 4.38%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) » 3 $335,000 $111,667 $0 4.46%
    ROCKFORD, IL (FHA|USDA|VA) » 4 $330,000 $82,500 $0 4.91%
    Clarksdale, MS (FHA|USDA|VA) » 2 $320,000 $160,000 $0 7.99%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) » 2 $320,000 $160,000 $0 8.24%
    TERRE HAUTE, IN (FHA|USDA|VA) » 4 $310,000 $77,500 $0 6.15%
    WALLA WALLA, WA (FHA|USDA|VA) » 1 $305,000 $305,000 $0 4.63%
    GREENVILLE, NC (FHA|USDA|VA) » 3 $305,000 $101,667 $0 4.21%
    FLINT, MI (FHA|USDA|VA) » 3 $305,000 $101,667 $0 7.91%
    Huntington, IN (FHA|USDA|VA) » 2 $290,000 $145,000 $0 8.49%
    PUEBLO, CO (FHA|USDA|VA) » 2 $290,000 $145,000 $0 3.94%
    Laconia, NH (FHA|USDA|VA) » 1 $285,000 $285,000 $0 8.49%
    Palatka, FL (FHA|USDA|VA) » 2 $280,000 $140,000 $0 5.56%
    BAKERSFIELD, CA (FHA|USDA|VA) » 2 $280,000 $140,000 $0 3.81%
    Key West, FL (FHA|USDA|VA) » 1 $275,000 $275,000 $0 9.99%
    Clearlake, CA (FHA|USDA|VA) » 1 $275,000 $275,000 $0 4.13%
    KANKAKEE, IL (FHA|USDA|VA) » 3 $265,000 $88,333 $0 9.16%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) » 2 $260,000 $130,000 $0 6.50%
    YUMA, AZ (FHA|USDA|VA) » 2 $260,000 $130,000 $0 6.00%
    SALEM, OR (FHA|USDA|VA) » 1 $255,000 $255,000 $0 4.00%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) » 2 $250,000 $125,000 $0 8.74%
    Morehead City, NC (FHA|USDA|VA) » 3 $245,000 $81,667 $0 6.41%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) » 3 $245,000 $81,667 $0 7.75%
    Ketchikan, AK (FHA|USDA|VA) » 1 $235,000 $235,000 $0 4.00%
    BINGHAMTON, NY (FHA|USDA|VA) » 3 $235,000 $78,333 $0 5.25%
    Sanford, NC (FHA|USDA|VA) » 2 $230,000 $115,000 $0 4.75%
    Lebanon, NH-VT (FHA|USDA|VA) » 2 $230,000 $115,000 $0 4.88%
    CHARLESTON, WV (FHA|USDA|VA) » 2 $230,000 $115,000 $0 9.99%
    EVANSVILLE, IN-KY (FHA|USDA|VA) » 2 $230,000 $115,000 $0 5.13%
    Jefferson, GA (FHA|USDA|VA) » 1 $225,000 $225,000 $0 3.50%
    FLORENCE, SC (FHA|USDA|VA) » 1 $225,000 $225,000 $0 4.75%
    WICHITA, KS (FHA|USDA|VA) » 2 $220,000 $110,000 $0 5.62%
    Cedar City, UT (FHA|USDA|VA) » 1 $215,000 $215,000 $0 8.50%
    ROCHESTER, MN (FHA|USDA|VA) » 1 $215,000 $215,000 $0 4.25%
    Montrose, CO (FHA|USDA|VA) » 1 $215,000 $215,000 $0 4.25%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) » 2 $210,000 $105,000 $0 4.50%
    SHERMAN-DENISON, TX (FHA|USDA|VA) » 2 $210,000 $105,000 $0 6.87%
    DECATUR, AL (FHA|USDA|VA) » 1 $205,000 $205,000 $0 8.49%
    Prineville, OR (FHA|USDA|VA) » 1 $205,000 $205,000 $0 4.50%
    Warrensburg, MO (FHA|USDA|VA) » 1 $205,000 $205,000 $0 3.50%
    JACKSON, MS (FHA|USDA|VA) » 2 $200,000 $100,000 $0 4.38%
    Manitowoc, WI (FHA|USDA|VA) » 2 $200,000 $100,000 $0 5.87%
    LAS CRUCES, NM (FHA|USDA|VA) » 1 $195,000 $195,000 $0 4.00%
    Uvalde, TX (FHA|USDA|VA) » 1 $195,000 $195,000 $0 9.74%
    BAY CITY, MI (FHA|USDA|VA) » 2 $190,000 $95,000 $0 4.25%
    WICHITA FALLS, TX (FHA|USDA|VA) » 2 $180,000 $90,000 $0 4.25%
    MANKATO, MN (FHA|USDA|VA) » 1 $175,000 $175,000 $0 4.25%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) » 1 $175,000 $175,000 $0 8.49%
    Enterprise, AL (FHA|USDA|VA) » 2 $170,000 $85,000 $0 8.24%
    Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) » 2 $170,000 $85,000 $0 4.44%
    BATTLE CREEK, MI (FHA|USDA|VA) » 2 $170,000 $85,000 $0 8.74%
    Ellensburg, WA (FHA|USDA|VA) » 1 $165,000 $165,000 $0 3.50%
    BLOOMINGTON, IN (FHA|USDA|VA) » 1 $165,000 $165,000 $0 9.74%
    Fort Morgan, CO (FHA|USDA|VA) » 1 $165,000 $165,000 $0 11.24%
    Ozark, AL (FHA|USDA|VA) » 2 $160,000 $80,000 $0 9.87%
    ERIE, PA (FHA|USDA|VA) » 1 $155,000 $155,000 $0 4.75%
    Danville, KY (FHA|USDA|VA) » 1 $155,000 $155,000 $0 8.99%
    Greenville, MS (FHA|USDA|VA) » 1 $155,000 $155,000 $0 4.63%
    NEW BERN, NC (FHA|USDA|VA) » 1 $155,000 $155,000 $0 4.38%
    CUMBERLAND, MD-WV (FHA|USDA|VA) » 2 $150,000 $75,000 $0 7.18%
    FARGO, ND-MN (FHA|USDA|VA) » 1 $145,000 $145,000 $0 5.00%
    Traverse City, MI (FHA|USDA|VA) » 1 $145,000 $145,000 $0 4.25%
    Forest City, NC (FHA|USDA|VA) » 1 $145,000 $145,000 $0 5.50%
    BURLINGTON, NC (FHA|USDA|VA) » 1 $135,000 $135,000 $0 5.75%
    Keene, NH (FHA|USDA|VA) » 1 $135,000 $135,000 $0 9.25%
    Ottawa, IL (FHA|USDA|VA) » 2 $130,000 $65,000 $0 9.62%
    FLAGSTAFF, AZ (FHA|USDA|VA) » 1 $125,000 $125,000 $0 4.00%
    Gloversville, NY (FHA|USDA|VA) » 2 $120,000 $60,000 $0 7.87%
    Augusta-Waterville, ME (FHA|USDA|VA) » 1 $115,000 $115,000 $0 6.63%
    GETTYSBURG, PA (FHA|USDA|VA) » 1 $115,000 $115,000 $0 10.24%
    Thomasville, GA (FHA|USDA|VA) » 1 $115,000 $115,000 $0 4.25%
    Beatrice, NE (FHA|USDA|VA) » 1 $115,000 $115,000 $0 9.75%
    AMARILLO, TX (FHA|USDA|VA) » 1 $115,000 $115,000 $0 4.75%
    Wilson, NC (FHA|USDA|VA) » 1 $115,000 $115,000 $0 5.50%
    KOKOMO, IN (FHA|USDA|VA) » 1 $115,000 $115,000 $0 4.50%
    MIDLAND, MI (FHA|USDA|VA) » 1 $105,000 $105,000 $0 8.99%
    Pottsville, PA (FHA|USDA|VA) » 1 $105,000 $105,000 $0 5.88%
    Shawnee, OK (FHA|USDA|VA) » 1 $95,000 $95,000 $0 4.50%
    BLOOMINGTON, IL (FHA|USDA|VA) » 1 $95,000 $95,000 $0 8.49%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) » 1 $95,000 $95,000 $0 9.99%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) » 1 $95,000 $95,000 $0 7.99%
    Amsterdam, NY (FHA|USDA|VA) » 1 $95,000 $95,000 $0 9.49%
    Crossville, TN (FHA|USDA|VA) » 1 $85,000 $85,000 $0 5.88%
    Shelby, NC (FHA|USDA|VA) » 1 $85,000 $85,000 $0 8.49%
    BOWLING GREEN, KY (FHA|USDA|VA) » 1 $85,000 $85,000 $0 9.00%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) » 1 $85,000 $85,000 $0 4.38%
    Emporia, KS (FHA|USDA|VA) » 1 $85,000 $85,000 $0 10.50%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) » 1 $85,000 $85,000 $0 10.25%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) » 1 $85,000 $85,000 $0 9.25%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) » 1 $85,000 $85,000 $0 5.63%
    EAU CLAIRE, WI (FHA|USDA|VA) » 1 $75,000 $75,000 $0 4.75%
    Marion, NC (FHA|USDA|VA) » 1 $75,000 $75,000 $0 4.63%
    TOPEKA, KS (FHA|USDA|VA) » 1 $75,000 $75,000 $0 5.63%
    JOPLIN, MO (FHA|USDA|VA) » 1 $75,000 $75,000 $0 4.88%
    Jacksonville, TX (FHA|USDA|VA) » 1 $75,000 $75,000 $0 4.00%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) » 1 $75,000 $75,000 $0 8.74%
    Shawano, WI (FHA|USDA|VA) » 1 $75,000 $75,000 $0 5.00%
    Clewiston, FL (FHA|USDA|VA) » 1 $75,000 $75,000 $0 4.50%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) » 1 $75,000 $75,000 $0 4.25%
    Bellefontaine, OH (FHA|USDA|VA) » 1 $65,000 $65,000 $0 9.25%

    Finance Of America Commercial 's top markets include Chicago, New York, Philadelphia, Atlanta, and Miami among others.

    Product Mix

    Loan Type Originations Total Value Average Loan Average Fees Average Rate
    Conventional » 6,308 $1,501,700,000 $238,063 $0 5.76%

    For the 2021 period, Finance Of America Commercial 's most frequently originated loan type of loans were Conventional, with 6,308 originations.

    Loan Reason

    Loan Reason Originations Total Value Average Loan Average Fees Average Rate
    Cash Out Refi » 3,060 $775,980,000 $253,588 $0 4.72%
    Home Purchase » 2,349 $545,355,000 $232,165 $0 7.01%
    Refi » 899 $180,365,000 $200,628 $0 6.04%

    For the 2021, Finance Of America Commercial 's most frequently cited loan purpose of loans were Cash Out Refi, with 3,060 originations. The 2nd most popular reason of loans were Home Purchase, with 2,349 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year » 4,274 $954,540,000 $223,336 $0 4.49%
    Other » 1,564 $362,980,000 $232,084 $0 8.47%
    1 Year » 413 $101,495,000 $245,751 $0 8.70%
    10 Year » 41 $55,975,000 $1,365,244 $0 5.00%
    5 Year » 16 $26,710,000 $1,669,375 $0 4.87%

    For the 2021, Finance Of America Commercial 's most frequently cited loan length of loans were 30 Year, with 4,274 originations. The 2nd most popular length of loans were Other, with 1,564 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% » 2,238 $547,500,000 $244,638
    Over 8% » 1,321 $281,605,000 $213,176
    3-4% » 1,278 $299,440,000 $234,304
    5-6% » 750 $182,530,000 $243,373
    7-8% » 565 $147,525,000 $261,106
    6-7% » 156 $43,100,000 $276,282

    During 2021, Finance Of America Commercial 's average interest rate of loans were 4.49%, while their most frequently originated rate bucket of loans were 4-5%, with 2,238 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k » 2,953 $419,995,000 $142,227 $0 5.48%
    $200k-400k » 1,551 $421,085,000 $271,493 $0 5.98%
    $100,000 or less » 1,086 $87,830,000 $80,875 $0 6.15%
    $400k-600k » 356 $171,080,000 $480,562 $0 6.16%
    $600k-1MM » 224 $170,970,000 $763,259 $0 5.83%
    $1MM+ » 138 $230,740,000 $1,672,029 $0 5.08%

    2021 saw Finance Of America Commercial place emphasis on $100k-200k loans with 2,953 originations, totaling $419,995,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable » 5,137 $1,254,495,000 $244,208 $0 5.78%
    White » 537 $113,655,000 $211,648 $0 5.77%
    Not provided » 357 $78,405,000 $219,622 $0 5.43%
    Asian » 104 $25,530,000 $245,481 $0 5.13%
    Black » 133 $22,245,000 $167,256 $0 6.35%
    American Indian » 18 $2,740,000 $152,222 $0 6.80%
    Asian Indian » 13 $2,195,000 $168,846 $0 4.51%
    Filipino » 3 $745,000 $248,333 $0 5.75%
    Native Hawaiian or Islander » 1 $675,000 $675,000 $0 3.50%
    Other Pacific Islander » 2 $510,000 $255,000 $0 5.44%
    Other Asian » 3 $505,000 $168,333 $0 5.08%

    Approval Rates

    Total approvals of all applications
    95.85%

    Finance Of America Commercial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    58.12%

    Finance Of America Commercial 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 6,308 $1,501,700,000 $238,063

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    » 6,308 $1,501,700,000 $238,063

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% » 42 $8,010,000 $190,714 $0 6.09%
    40-60% » 532 $137,280,000 $258,045 $0 6.43%
    60-80% » 5,595 $1,327,195,000 $237,211 $0 5.70%
    80-100% » 139 $29,215,000 $210,180 $0 5.56%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Finance of America Holdings LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 5.4%
    Finance of America Holdings LLC Conventional home mortgage Closing on a mortgage 2 5.4%
    Finance of America Holdings LLC Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 2.7%
    Finance of America Holdings LLC Conventional home mortgage Trouble during payment process 4 10.8%
    Finance of America Holdings LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.7%
    Finance of America Holdings LLC Other type of mortgage Trouble during payment process 1 2.7%
    Finance of America Holdings LLC Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 8 21.6%
    Finance of America Holdings LLC Reverse mortgage Closing on a mortgage 5 13.5%
    Finance of America Holdings LLC Reverse mortgage Struggling to pay mortgage 4 10.8%
    Finance of America Holdings LLC Reverse mortgage Trouble during payment process 9 24.3%