Finance Of America Commercial Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 5493001IKIPQ6O5UGV92
Tax ID: 35-2486440
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Mortgage Data
Review & Overview
Finance Of America Commercial is a smaller mortgage company specializing in Home Purchase and Refi loans. Finance Of America Commercial has a high proportion of conventional loans. Their top markets by origination volume include: New York, Chicago, Philadelphia, Los Angeles, and Washington among others. We have data for 223 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 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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Originations
3,360Origination Dollar Volume (All Markets)
$796,190,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 484 | $145,010,000 | $299,607 | $0 | 7.92% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 409 | $69,675,000 | $170,355 | $0 | 8.67% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 353 | $48,285,000 | $136,785 | $0 | 7.79% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 43 | $40,145,000 | $933,605 | $0 | 7.83% |
| Outside of Metro Areas | 120 | $31,380,000 | $261,500 | $0 | 8.39% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 107 | $29,895,000 | $279,393 | $0 | 8.46% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 83 | $22,645,000 | $272,831 | $0 | 8.11% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 80 | $21,090,000 | $263,625 | $0 | 8.27% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 93 | $19,805,000 | $212,957 | $0 | 8.42% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 46 | $18,470,000 | $401,522 | $0 | 8.56% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 89 | $14,205,000 | $159,607 | $0 | 8.14% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 88 | $13,910,000 | $158,068 | $0 | 7.71% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 98 | $13,440,000 | $137,143 | $0 | 8.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 61 | $13,335,000 | $218,607 | $0 | 7.97% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 32 | $12,840,000 | $401,250 | $0 | 7.72% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 17 | $11,805,000 | $694,412 | $0 | 8.11% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 3 | $10,515,000 | $3,505,000 | $0 | 7.46% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 23 | $10,435,000 | $453,696 | $0 | 7.95% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 21 | $9,565,000 | $455,476 | $0 | 8.92% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 22 | $8,070,000 | $366,818 | $0 | 7.57% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 42 | $8,050,000 | $191,667 | $0 | 8.46% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 30 | $7,910,000 | $263,667 | $0 | 7.40% |
| COLUMBUS, OH (FHA|USDA|VA) | 21 | $7,295,000 | $347,381 | $0 | 7.15% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 5 | $7,185,000 | $1,437,000 | $0 | 8.19% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 15 | $7,125,000 | $475,000 | $0 | 8.72% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 23 | $6,185,000 | $268,913 | $0 | 8.06% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 24 | $5,580,000 | $232,500 | $0 | 8.72% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 26 | $5,460,000 | $210,000 | $0 | 7.49% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 27 | $5,455,000 | $202,037 | $0 | 8.04% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 32 | $5,310,000 | $165,938 | $0 | 8.48% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 32 | $5,010,000 | $156,563 | $0 | 9.10% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 7 | $4,745,000 | $677,857 | $0 | 8.53% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 21 | $4,265,000 | $203,095 | $0 | 7.10% |
| ANN ARBOR, MI (FHA|USDA|VA) | 5 | $3,725,000 | $745,000 | $0 | 6.65% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 20 | $3,630,000 | $181,500 | $0 | 8.94% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 30 | $3,580,000 | $119,333 | $0 | 7.86% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 12 | $3,470,000 | $289,167 | $0 | 8.14% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 16 | $3,470,000 | $216,875 | $0 | 8.26% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $3,440,000 | $1,720,000 | $0 | 7.74% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 14 | $3,360,000 | $240,000 | $0 | 8.07% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $3,310,000 | $827,500 | $0 | 9.12% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 7 | $3,285,000 | $469,286 | $0 | 7.37% |
| SALEM, OR (FHA|USDA|VA) | 4 | $3,030,000 | $757,500 | $0 | 8.62% |
| BELLINGHAM, WA (FHA|USDA|VA) | 8 | $2,880,000 | $360,000 | $0 | 5.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 7 | $2,825,000 | $403,571 | $0 | 7.09% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 16 | $2,780,000 | $173,750 | $0 | 9.49% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 9 | $2,705,000 | $300,556 | $0 | 7.95% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 13 | $2,565,000 | $197,308 | $0 | 10.14% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 19 | $2,495,000 | $131,316 | $0 | 7.63% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 16 | $2,470,000 | $154,375 | $0 | 8.45% |
| FORT COLLINS, CO (FHA|USDA|VA) | 8 | $2,450,000 | $306,250 | $0 | 7.49% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $2,440,000 | $610,000 | $0 | 9.87% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 11 | $2,225,000 | $202,273 | $0 | 7.69% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 7.49% |
| FLINT, MI (FHA|USDA|VA) | 10 | $2,000,000 | $200,000 | $0 | 7.49% |
| BOISE CITY, ID (FHA|USDA|VA) | 8 | $1,890,000 | $236,250 | $0 | 8.62% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 10 | $1,880,000 | $188,000 | $0 | 10.69% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $1,860,000 | $930,000 | $0 | 7.99% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $1,835,000 | $1,835,000 | $0 | 3.15% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 12 | $1,770,000 | $147,500 | $0 | 8.82% |
| LOUISVILLE, KY (FHA|USDA|VA) | 31 | $1,715,000 | $55,323 | $0 | 7.49% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 9 | $1,715,000 | $190,556 | $0 | 8.67% |
| RICHMOND, VA (FHA|USDA|VA) | 12 | $1,710,000 | $142,500 | $0 | 8.27% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 10 | $1,650,000 | $165,000 | $0 | 8.04% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 7 | $1,555,000 | $222,143 | $0 | 8.85% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 10 | $1,490,000 | $149,000 | $0 | 8.96% |
| AMES, IA (FHA|USDA|VA) | 1 | $1,465,000 | $1,465,000 | $0 | 4.19% |
| GREELEY, CO (FHA|USDA|VA) | 9 | $1,455,000 | $161,667 | $0 | 7.11% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 11 | $1,355,000 | $123,182 | $0 | 7.03% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 7 | $1,355,000 | $193,571 | $0 | 8.85% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 9 | $1,325,000 | $147,222 | $0 | 7.80% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $1,315,000 | $1,315,000 | $0 | 8.49% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 10 | $1,300,000 | $130,000 | $0 | 8.40% |
| PITTSBURGH, PA (FHA|USDA|VA) | 9 | $1,295,000 | $143,889 | $0 | 9.02% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 12 | $1,290,000 | $107,500 | $0 | 8.24% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $0 | 9.16% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 8 | $1,260,000 | $157,500 | $0 | 9.18% |
| Sevierville, TN (FHA|USDA|VA) | 6 | $1,210,000 | $201,667 | $0 | 9.33% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 7 | $1,205,000 | $172,143 | $0 | 7.88% |
| BOULDER, CO (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $0 | 7.37% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 7 | $1,175,000 | $167,857 | $0 | 7.73% |
| VALDOSTA, GA (FHA|USDA|VA) | 9 | $1,145,000 | $127,222 | $0 | 9.38% |
| FLORENCE, SC (FHA|USDA|VA) | 6 | $1,080,000 | $180,000 | $0 | 7.49% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 8 | $1,060,000 | $132,500 | $0 | 6.93% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 12 | $1,050,000 | $87,500 | $0 | 8.55% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 7 | $1,015,000 | $145,000 | $0 | 6.23% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $0 | 7.03% |
| STOCKTON, CA (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $0 | 7.53% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $0 | 3.34% |
| CORVALLIS, OR (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $0 | 9.49% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $0 | 6.38% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 6 | $930,000 | $155,000 | $0 | 7.97% |
| Key West, FL (FHA|USDA|VA) | 1 | $915,000 | $915,000 | $0 | 9.49% |
| VALLEJO, CA (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $0 | 9.16% |
| Newport, OR (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $0 | 7.99% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 6 | $830,000 | $138,333 | $0 | 8.60% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $0 | 7.99% |
| AKRON, OH (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 3.11% |
| MONTGOMERY, AL (FHA|USDA|VA) | 9 | $805,000 | $89,444 | $0 | 8.43% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $0 | 8.71% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $0 | 7.71% |
| RACINE, WI (FHA|USDA|VA) | 6 | $670,000 | $111,667 | $0 | 7.74% |
| LANCASTER, PA (FHA|USDA|VA) | 5 | $595,000 | $119,000 | $0 | 6.57% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 9.75% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 5 | $575,000 | $115,000 | $0 | 7.09% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $0 | 7.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $0 | 8.59% |
| COLUMBIA, SC (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $0 | 8.24% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $0 | 5.78% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 9.24% |
| TULSA, OK (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $0 | 9.87% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $0 | 8.74% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $0 | 8.62% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $0 | 8.99% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 6 | $470,000 | $78,333 | $0 | 8.83% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 9.49% |
| Orangeburg, SC (FHA|USDA|VA) | 4 | $460,000 | $115,000 | $0 | 7.49% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 6 | $450,000 | $75,000 | $0 | 9.89% |
| SUMTER, SC (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $0 | 7.45% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 9.49% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 5 | $435,000 | $87,000 | $0 | 8.77% |
| OCALA, FL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 6.99% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 5 | $425,000 | $85,000 | $0 | 9.39% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 3.11% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 9.99% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 7.99% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 4 | $410,000 | $102,500 | $0 | 7.87% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 8.99% |
| PANAMA CITY, FL (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 8.99% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 6.13% |
| YUBA CITY, CA (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $0 | 8.66% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $0 | 8.87% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 8.24% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $0 | 9.82% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 10.99% |
| ROCHESTER, NY (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $0 | 9.16% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 10.99% |
| PEORIA, IL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 6.44% |
| READING, PA (FHA|USDA|VA) | 4 | $330,000 | $82,500 | $0 | 10.16% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 9.49% |
| Susanville, CA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 7.25% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 7.99% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 8.99% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 8.33% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 7.99% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $0 | 9.32% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 9.49% |
| GREEN BAY, WI (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 8.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 8.99% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 5.50% |
| CHICO, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 10.99% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 9.49% |
| Sonora, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 6.99% |
| LONGVIEW, TX (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $0 | 8.82% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 8.18% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 9.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 7.25% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 8.99% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 11.00% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 11.49% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $0 | 9.49% |
| Torrington, CT (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 8.24% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 9.99% |
| DECATUR, AL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 7.68% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 8.24% |
| Granbury, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 7.99% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 9.49% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 9.74% |
| GREENVILLE, NC (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 11.00% |
| Corning, NY (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 9.74% |
| LAFAYETTE, LA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 10.24% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 8.49% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 10.50% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 9.24% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 9.24% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 10.49% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 7.63% |
| Hudson, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 6.63% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 9.99% |
| NEW BERN, NC (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 6.69% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.49% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.99% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 8.12% |
| Prineville, OR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 6.25% |
| MADISON, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 8.99% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 9.99% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 7.25% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.50% |
| El Campo, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 8.63% |
| Andrews, TX (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 9.49% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.99% |
| MERCED, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 9.99% |
| Laconia, NH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.99% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.99% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 9.49% |
| Adrian, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.99% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 12.00% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.99% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.99% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.99% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 12.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.50% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.99% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.99% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.50% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.00% |
| Lake City, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.88% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 8.99% |
| Marion, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 8.49% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.63% |
| MONROE, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.49% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.00% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.13% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.49% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.38% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.49% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.99% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 12.50% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.49% |
| WACO, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.49% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 9.49% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.99% |
| Danville, KY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 10.74% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 3,360 | $796,190,000 | $236,961 | $0 | 8.18% |
For 2018, Finance Of America Commercial's most frequently originated type of loan was Conventional, with 3,360 originations.
Loan Reason
For 2018, Finance Of America Commercial's most frequently cited loan purpose was Home Purchase, with 1,862 originations. The 2nd most popular reason was Cash Out Refi, with 742 originations.
Loan Duration/Length
For 2018, Finance Of America Commercial's most frequently cited loan duration was 1 Year, with 2,066 originations. The 2nd most popular length was 30 Year, with 653 originations.
Interest Rates
During 2018, Finance Of America Commercial's average interest rate for loans was 6.58%, while their most frequently originated rate bucket for loans was Over 8%, with 1,560 originations.
Loan Sizing
2018 saw Finance Of America Commercial place emphasis on $100k-200k loans with 1,498 originations, totaling $214,630,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.06%
Finance Of America Commercial has an average approval rate.
Pick Rate
Approvals leading to origination68.51%
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 | 3,360 | $796,190,000 | $236,961 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 54 | $34,680,000 | $642,222 |
| Single Family (1-4 Units):Site-Built | 3,306 | $761,510,000 | $230,342 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Finance of America Holdings LLC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 11.1% |
| Finance of America Holdings LLC | Reverse mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 44.4% |
| Finance of America Holdings LLC | Reverse mortgage | Closing on a mortgage | 2 | 22.2% |
| Finance of America Holdings LLC | Reverse mortgage | Trouble during payment process | 2 | 22.2% |