Finance Of America Commercial Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 5493001IKIPQ6O5UGV92

Tax ID: 35-2486440

2020 Data | 2019 Data | 2018 Data


Overview

Finance Of America Commercial is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Finance Of America Commercial has a high proportion of conventional loans. Their top markets include Chicago, New York, Philadelphia, Atlanta, and New Haven among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors.


Originations

3,051

Origination Dollar Volume (All Markets)

$695,675,000

Relative Rate

Finance Of America Commercial 's average 30 year fixed rate mortgage of loans were 5.69%.

The 2020 average 30 year fixed rate mortgage across all markets of loans were 3.36%.

This yields a difference of 2.33%.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
CHICAGO-NAPERVILLE-EVANSTON, IL (FHA|USDA|VA) 303 $52,905,000 $174,604 $0 7.58%
Outside of Metro Areas 30 $28,490,000 $949,667 $0 6.64%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ (FHA|USDA|VA) 65 $27,165,000 $417,923 $0 7.64%
PHILADELPHIA, PA (FHA|USDA|VA) 120 $23,870,000 $198,917 $0 7.68%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 117 $21,815,000 $186,453 $0 8.14%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 99 $20,475,000 $206,818 $0 6.43%
NEWARK, NJ-PA (FHA|USDA|VA) 52 $18,870,000 $362,885 $0 8.27%
Outside of Metro Areas 69 $18,325,000 $265,580 $0 7.97%
NEW BRUNSWICK-LAKEWOOD, NJ (FHA|USDA|VA) 60 $17,710,000 $295,167 $0 7.79%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 98 $16,790,000 $171,327 $0 6.88%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV (FHA|USDA|VA) 62 $14,510,000 $234,032 $0 7.33%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 8 $12,430,000 $1,553,750 $0 7.68%
NASSAU COUNTY-SUFFOLK COUNTY, NY (FHA|USDA|VA) 33 $11,955,000 $362,273 $0 7.77%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 61 $11,865,000 $194,508 $0 7.59%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 38 $11,560,000 $304,211 $0 8.29%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 11 $10,195,000 $926,818 $0 7.52%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 50 $9,450,000 $189,000 $0 6.81%
ALBUQUERQUE, NM (FHA|USDA|VA) 43 $9,355,000 $217,558 $0 8.74%
LOS ANGELES-LONG BEACH-GLENDALE, CA (FHA|USDA|VA) 21 $9,355,000 $445,476 $0 7.10%
DALLAS-PLANO-IRVING, TX (FHA|USDA|VA) 38 $9,210,000 $242,368 $0 7.19%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 49 $9,075,000 $185,204 $0 7.87%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 57 $9,015,000 $158,158 $0 6.94%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 44 $8,730,000 $198,409 $0 7.09%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 60 $8,550,000 $142,500 $0 8.47%
BOSTON, MA (FHA|USDA|VA) 25 $8,385,000 $335,400 $0 7.82%
CAMDEN, NJ (FHA|USDA|VA) 60 $7,790,000 $129,833 $0 8.30%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL (FHA|USDA|VA) 21 $7,775,000 $370,238 $0 7.62%
KANSAS CITY, MO-KS (FHA|USDA|VA) 46 $7,660,000 $166,522 $0 7.56%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 28 $7,580,000 $270,714 $0 7.03%
DETROIT-DEARBORN-LIVONIA, MI (FHA|USDA|VA) 23 $7,385,000 $321,087 $0 8.91%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 17 $7,275,000 $427,941 $0 7.08%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 19 $6,945,000 $365,526 $0 8.12%
MIAMI-MIAMI BEACH-KENDALL, FL (FHA|USDA|VA) 17 $6,615,000 $389,118 $0 8.42%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 26 $6,360,000 $244,615 $0 7.37%
RENO, NV (FHA|USDA|VA) 20 $5,880,000 $294,000 $0 7.57%
WARREN-TROY-FARMINGTON HILLS, MI (FHA|USDA|VA) 30 $5,750,000 $191,667 $0 8.11%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 20 $5,570,000 $278,500 $0 7.25%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 19 $5,545,000 $291,842 $0 6.94%
SEATTLE-BELLEVUE-KENT, WA (FHA|USDA|VA) 12 $5,080,000 $423,333 $0 7.01%
VISALIA, CA (FHA|USDA|VA) 36 $4,680,000 $130,000 $0 5.06%
RICHMOND, VA (FHA|USDA|VA) 29 $4,665,000 $160,862 $0 7.56%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 15 $4,425,000 $295,000 $0 7.06%
LAKE COUNTY-KENOSHA COUNTY, IL-WI (FHA|USDA|VA) 24 $4,350,000 $181,250 $0 7.95%
FORT WORTH-ARLINGTON-GRAPEVINE, TX (FHA|USDA|VA) 28 $4,220,000 $150,714 $0 6.95%
JACKSONVILLE, FL (FHA|USDA|VA) 28 $4,110,000 $146,786 $0 6.61%
COLUMBUS, OH (FHA|USDA|VA) 19 $4,095,000 $215,526 $0 8.31%
WILMINGTON, DE-MD-NJ (FHA|USDA|VA) 26 $4,060,000 $156,154 $0 8.16%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA (FHA|USDA|VA) 16 $3,960,000 $247,500 $0 7.43%
BOISE CITY, ID (FHA|USDA|VA) 12 $3,940,000 $328,333 $0 8.24%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 31 $3,855,000 $124,355 $0 8.09%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 4 $3,630,000 $907,500 $0 7.59%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 23 $3,625,000 $157,609 $0 7.80%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 21 $3,615,000 $172,143 $0 8.47%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL (FHA|USDA|VA) 13 $3,565,000 $274,231 $0 7.20%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 12 $3,530,000 $294,167 $0 8.86%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA (FHA|USDA|VA) 10 $3,510,000 $351,000 $0 8.35%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 18 $3,450,000 $191,667 $0 7.60%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 28 $3,160,000 $112,857 $0 7.46%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 14 $3,110,000 $222,143 $0 6.87%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 11 $3,075,000 $279,545 $0 8.96%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 23 $2,875,000 $125,000 $0 7.48%
ST. LOUIS, MO-IL (FHA|USDA|VA) 12 $2,850,000 $237,500 $0 8.43%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 22 $2,840,000 $129,091 $0 6.49%
FORT COLLINS, CO (FHA|USDA|VA) 7 $2,675,000 $382,143 $0 8.28%
GARY, IN (FHA|USDA|VA) 22 $2,480,000 $112,727 $0 7.60%
SAVANNAH, GA (FHA|USDA|VA) 12 $2,380,000 $198,333 $0 8.12%
ASHEVILLE, NC (FHA|USDA|VA) 8 $2,350,000 $293,750 $0 9.05%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 7 $2,345,000 $335,000 $0 6.77%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 10 $2,260,000 $226,000 $0 7.63%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 12 $2,210,000 $184,167 $0 7.40%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $2,190,000 $1,095,000 $0 7.63%
FRESNO, CA (FHA|USDA|VA) 9 $2,165,000 $240,556 $0 5.90%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 11 $2,135,000 $194,091 $0 9.11%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 7 $2,115,000 $302,143 $0 7.71%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 18 $2,020,000 $112,222 $0 8.38%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD (FHA|USDA|VA) 7 $1,975,000 $282,143 $0 7.57%
PITTSBURGH, PA (FHA|USDA|VA) 14 $1,910,000 $136,429 $0 7.76%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $1,880,000 $470,000 $0 7.28%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 11 $1,865,000 $169,545 $0 9.11%
WORCESTER, MA-CT (FHA|USDA|VA) 8 $1,850,000 $231,250 $0 9.31%
GREELEY, CO (FHA|USDA|VA) 7 $1,775,000 $253,571 $0 7.68%
BATON ROUGE, LA (FHA|USDA|VA) 5 $1,685,000 $337,000 $0 7.08%
COLORADO SPRINGS, CO (FHA|USDA|VA) 8 $1,670,000 $208,750 $0 7.53%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 7 $1,525,000 $217,857 $0 6.52%
URBAN HONOLULU, HI (FHA|USDA|VA) 4 $1,470,000 $367,500 $0 9.06%
BOULDER, CO (FHA|USDA|VA) 4 $1,470,000 $367,500 $0 8.15%
OCALA, FL (FHA|USDA|VA) 1 $1,455,000 $1,455,000 $0 5.51%
SANTA FE, NM (FHA|USDA|VA) 4 $1,390,000 $347,500 $0 7.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 5 $1,375,000 $275,000 $0 8.93%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 6 $1,350,000 $225,000 $0 6.00%
NORTH PORT-SARASOTA-BRADENTON, FL (FHA|USDA|VA) 5 $1,345,000 $269,000 $0 9.68%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 7 $1,345,000 $192,143 $0 8.28%
PUNTA GORDA, FL (FHA|USDA|VA) 8 $1,320,000 $165,000 $0 6.66%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $1,290,000 $645,000 $0 7.69%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH (FHA|USDA|VA) 6 $1,280,000 $213,333 $0 8.08%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 14 $1,280,000 $91,429 $0 8.31%
TACOMA-LAKEWOOD, WA (FHA|USDA|VA) 4 $1,190,000 $297,500 $0 8.88%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 13 $1,165,000 $89,615 $0 8.28%
TALLAHASSEE, FL (FHA|USDA|VA) 3 $1,115,000 $371,667 $0 6.97%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 8 $1,080,000 $135,000 $0 7.94%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 6 $1,050,000 $175,000 $0 8.87%
FLINT, MI (FHA|USDA|VA) 8 $1,040,000 $130,000 $0 6.97%
DOVER, DE (FHA|USDA|VA) 11 $1,025,000 $93,182 $0 8.68%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 7 $1,015,000 $145,000 $0 8.19%
MORRISTOWN, TN (FHA|USDA|VA) 5 $955,000 $191,000 $0 5.80%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $925,000 $308,333 $0 7.50%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 7 $905,000 $129,286 $0 6.91%
READING, PA (FHA|USDA|VA) 4 $900,000 $225,000 $0 9.13%
LONGVIEW, WA (FHA|USDA|VA) 5 $895,000 $179,000 $0 8.12%
TUSCALOOSA, AL (FHA|USDA|VA) 5 $885,000 $177,000 $0 8.74%
MODESTO, CA (FHA|USDA|VA) 4 $870,000 $217,500 $0 6.25%
SPARTANBURG, SC (FHA|USDA|VA) 6 $850,000 $141,667 $0 8.91%
GREENVILLE, NC (FHA|USDA|VA) 4 $840,000 $210,000 $0 7.12%
KNOXVILLE, TN (FHA|USDA|VA) 4 $830,000 $207,500 $0 7.11%
BAKERSFIELD, CA (FHA|USDA|VA) 5 $815,000 $163,000 $0 5.50%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 4 $800,000 $200,000 $0 9.25%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 3 $785,000 $261,667 $0 10.16%
JACKSONVILLE, NC (FHA|USDA|VA) 8 $780,000 $97,500 $0 10.21%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 4 $760,000 $190,000 $0 5.59%
RALEIGH-CARY, NC (FHA|USDA|VA) 6 $750,000 $125,000 $0 8.10%
EAST STROUDSBURG, PA (FHA|USDA|VA) 5 $745,000 $149,000 $0 7.90%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $725,000 $725,000 $0 8.00%
FAYETTEVILLE, NC (FHA|USDA|VA) 6 $710,000 $118,333 $0 6.33%
LAFAYETTE, LA (FHA|USDA|VA) 4 $700,000 $175,000 $0 9.18%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $685,000 $228,333 $0 7.63%
ELGIN, IL (FHA|USDA|VA) 5 $665,000 $133,000 $0 8.25%
RACINE, WI (FHA|USDA|VA) 2 $630,000 $315,000 $0 6.99%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 4 $620,000 $155,000 $0 8.00%
SPRINGFIELD, MA (FHA|USDA|VA) 4 $610,000 $152,500 $0 7.62%
ANCHORAGE, AK (FHA|USDA|VA) 2 $610,000 $305,000 $0 8.81%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA (FHA|USDA|VA) 1 $605,000 $605,000 $0 5.63%
DAYTON-KETTERING, OH (FHA|USDA|VA) 5 $575,000 $115,000 $0 7.45%
ANN ARBOR, MI (FHA|USDA|VA) 2 $570,000 $285,000 $0 7.94%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 5 $555,000 $111,000 $0 7.17%
KANKAKEE, IL (FHA|USDA|VA) 5 $545,000 $109,000 $0 9.12%
SALINAS, CA (FHA|USDA|VA) 1 $535,000 $535,000 $0 9.12%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $520,000 $130,000 $0 6.56%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $515,000 $515,000 $0 8.63%
JACKSON, MS (FHA|USDA|VA) 5 $505,000 $101,000 $0 9.15%
YORK-HANOVER, PA (FHA|USDA|VA) 3 $505,000 $168,333 $0 6.96%
TUCSON, AZ (FHA|USDA|VA) 1 $495,000 $495,000 $0 9.13%
PUEBLO, CO (FHA|USDA|VA) 2 $480,000 $240,000 $0 8.00%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 6 $470,000 $78,333 $0 8.12%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 3 $455,000 $151,667 $0 6.42%
MIDLAND, MI (FHA|USDA|VA) 5 $445,000 $89,000 $0 10.35%
ANAHEIM-SANTA ANA-IRVINE, CA (FHA|USDA|VA) 1 $445,000 $445,000 $0 8.75%
PANAMA CITY, FL (FHA|USDA|VA) 3 $435,000 $145,000 $0 9.71%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 4 $420,000 $105,000 $0 5.31%
SEBASTIAN-VERO BEACH, FL (FHA|USDA|VA) 1 $405,000 $405,000 $0 7.63%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 4 $400,000 $100,000 $0 9.69%
OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $395,000 $131,667 $0 5.92%
YUMA, AZ (FHA|USDA|VA) 3 $395,000 $131,667 $0 7.29%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 4 $390,000 $97,500 $0 8.63%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $385,000 $385,000 $0 5.50%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $380,000 $190,000 $0 8.75%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $365,000 $365,000 $0 9.75%
CARSON CITY, NV (FHA|USDA|VA) 1 $345,000 $345,000 $0 7.37%
TULSA, OK (FHA|USDA|VA) 2 $340,000 $170,000 $0 7.32%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 3 $335,000 $111,667 $0 7.33%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2 $330,000 $165,000 $0 8.94%
GAINESVILLE, FL (FHA|USDA|VA) 2 $330,000 $165,000 $0 5.94%
BURLINGTON, NC (FHA|USDA|VA) 6 $330,000 $55,000 $0 9.63%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $310,000 $77,500 $0 8.02%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $305,000 $305,000 $0 8.88%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $305,000 $305,000 $0 8.75%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $295,000 $295,000 $0 5.88%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $290,000 $145,000 $0 10.38%
MONTGOMERY, AL (FHA|USDA|VA) 3 $285,000 $95,000 $0 8.91%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $275,000 $275,000 $0 8.75%
BEND, OR (FHA|USDA|VA) 1 $275,000 $275,000 $0 7.99%
HUNTSVILLE, AL (FHA|USDA|VA) 3 $275,000 $91,667 $0 8.16%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $270,000 $135,000 $0 9.88%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 2 $270,000 $135,000 $0 9.50%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $265,000 $265,000 $0 9.38%
REDDING, CA (FHA|USDA|VA) 1 $265,000 $265,000 $0 8.75%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $250,000 $125,000 $0 10.13%
MOBILE, AL (FHA|USDA|VA) 2 $240,000 $120,000 $0 9.37%
WACO, TX (FHA|USDA|VA) 2 $240,000 $120,000 $0 5.81%
FLORENCE, SC (FHA|USDA|VA) 1 $235,000 $235,000 $0 5.63%
CHICO, CA (FHA|USDA|VA) 1 $225,000 $225,000 $0 10.75%
CORVALLIS, OR (FHA|USDA|VA) 1 $225,000 $225,000 $0 9.00%
ROCKFORD, IL (FHA|USDA|VA) 2 $220,000 $110,000 $0 7.31%
SALEM, OR (FHA|USDA|VA) 1 $205,000 $205,000 $0 5.88%
SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $205,000 $68,333 $0 7.83%
SYRACUSE, NY (FHA|USDA|VA) 2 $200,000 $100,000 $0 9.99%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $195,000 $195,000 $0 7.74%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 2 $190,000 $95,000 $0 7.63%
STAUNTON, VA (FHA|USDA|VA) 1 $185,000 $185,000 $0 5.50%
YAKIMA, WA (FHA|USDA|VA) 1 $185,000 $185,000 $0 5.75%
MISSOULA, MT (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.63%
STOCKTON, CA (FHA|USDA|VA) 1 $175,000 $175,000 $0 8.75%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $175,000 $175,000 $0 9.75%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $165,000 $165,000 $0 5.50%
AKRON, OH (FHA|USDA|VA) 2 $160,000 $80,000 $0 7.94%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 2 $160,000 $80,000 $0 4.75%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $160,000 $80,000 $0 11.43%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 9.49%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $145,000 $145,000 $0 8.63%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $135,000 $135,000 $0 8.49%
GETTYSBURG, PA (FHA|USDA|VA) 1 $135,000 $135,000 $0 12.99%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $135,000 $135,000 $0 9.25%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.50%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $125,000 $125,000 $0 10.38%
GAINESVILLE, GA (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.75%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.63%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $115,000 $115,000 $0 9.38%
LINCOLN, NE (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.88%
DOTHAN, AL (FHA|USDA|VA) 1 $95,000 $95,000 $0 9.88%
BANGOR, ME (FHA|USDA|VA) 1 $95,000 $95,000 $0 10.75%
COLUMBIA, MO (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.38%
LANCASTER, PA (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.13%
COLUMBIA, SC (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.13%
JACKSON, TN (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.13%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 10.75%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.50%
PINE BLUFF, AR (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.88%
KINGSTON, NY (FHA|USDA|VA) 1 $65,000 $65,000 $0 9.25%
MUNCIE, IN (FHA|USDA|VA) 1 $65,000 $65,000 $0 9.88%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $55,000 $55,000 $0 10.75%

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

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,051 $695,675,000 $228,015 $0 7.65%

For the 2020 period, Finance Of America Commercial 's most frequently originated loan type of loans were Conventional, with 3,051 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,420 $299,300,000 $210,775 $0 8.65%
Cash Out Refi 1,290 $323,030,000 $250,411 $0 6.66%
Refi 341 $73,345,000 $215,088 $0 7.23%

For the 2020, Finance Of America Commercial 's most frequently cited loan purpose of loans were Home Purchase, with 1,420 originations. The 2nd most popular reason of loans were Cash Out Refi, with 1,290 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
1 Year 1,171 $269,785,000 $230,389 $0 8.78%
30 Year 1,162 $204,140,000 $175,680 $0 5.69%
Other 668 $152,680,000 $228,563 $0 9.21%
10 Year 34 $48,880,000 $1,437,647 $0 5.58%
5 Year 15 $19,765,000 $1,317,667 $0 5.47%
3 Year 1 $425,000 $425,000 $0 7.00%

For the 2020, Finance Of America Commercial 's most frequently cited loan length of loans were 1 Year, with 1,171 originations. The 2nd most popular length of loans were 30 Year, with 1,162 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
Over 8% 1,445 $308,995,000 $213,837
5-6% 801 $182,535,000 $227,884
6-7% 376 $77,290,000 $205,559
7-8% 266 $81,650,000 $306,955
4-5% 163 $45,205,000 $277,331

During 2020, Finance Of America Commercial 's average interest rate of loans were 5.69%, while their most frequently originated rate bucket of loans were Over 8%, with 1,445 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 1,419 $200,885,000 $141,568 $0 7.34%
$200k-400k 742 $201,330,000 $271,334 $0 7.91%
$100,000 or less 570 $45,800,000 $80,351 $0 8.04%
$400k-600k 179 $85,615,000 $478,296 $0 8.10%
$600k-1MM 88 $66,500,000 $755,682 $0 7.69%
$1MM+ 53 $95,545,000 $1,802,736 $0 6.43%

2020 saw Finance Of America Commercial place emphasis on $100k-200k loans with 1,419 originations, totaling $200,885,000 in origination value.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 2,516 $595,700,000 $236,765 $0 7.65%
White 255 $46,795,000 $183,510 $0 7.57%
Not provided 151 $30,375,000 $201,159 $0 8.02%
Black 59 $10,205,000 $172,966 $0 7.54%
Asian 60 $10,110,000 $168,500 $0 7.33%
Filipino 3 $1,125,000 $375,000 $0 5.00%
Asian Indian 3 $525,000 $175,000 $0 7.04%
Other Asian 2 $420,000 $210,000 $0 9.38%
American Indian 1 $235,000 $235,000 $0 5.88%
Native Hawaiian 1 $185,000 $185,000 $0 8.74%

Approval Rates

Total approvals of all applications
91.35%

Finance Of America Commercial has an average approval rate.

Pick Rate

Approvals leading to origination
64.60%

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 3,051 $695,675,000 $228,015

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Multifamily:Site-Built 101 $102,615,000 $1,015,990
Single Family (1-4 Units):Site-Built 2,950 $593,060,000 $201,037

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 22 $2,110,000 $95,909 $0 9.02%
40-60% 441 $93,235,000 $211,417 $0 8.18%
60-80% 2,551 $593,625,000 $232,703 $0 7.56%
80-100% 35 $6,125,000 $175,000 $0 6.59%
Under 20% 2 $580,000 $290,000 $0 6.63%