Homebridge Financial Services, Inc.

Iselin, NJ 12374

LEI: 5493001WHVQBGRSWEU75

Tax ID: 22-3123730

2019 Data *Active* | 2018 Data


Overview

Homebridge Financial Services, Inc. is a large mortgage company specializing in Home Purchase and Refi loans. Homebridge Financial Services, Inc. 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 include Los Angeles, New York, Riverside, San Diego, and Seattle 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. Homebridge Financial Services, Inc. is typically a low/ medium-low/ fee lendor.


Originations

52,717

Origination Dollar Volume (All Markets)

$16,163,355,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 23,141 $8,025,285,000 $346,799
FHA 17,540 $4,487,990,000 $255,872
VA 11,628 $3,572,140,000 $307,202
USDA 408 $77,940,000 $191,029

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 23,526 $7,122,870,000 $302,766
Home Improvement 954 $281,680,000 $295,262
Refi 22,751 $6,859,045,000 $301,483
Cash Out Refi 5,486 $1,899,760,000 $346,292

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
LOS ANGELES-LONG BEACH-GLENDALE, CA 2,694 $1,422,760,000 $528,122
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 1,928 $841,230,000 $436,323
Outside of Metro Areas 3,108 $754,960,000 $242,909
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 1,977 $631,585,000 $319,466
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 1,247 $595,425,000 $477,486
SEATTLE-BELLEVUE-KENT, WA 1,201 $575,355,000 $479,063
PHOENIX-MESA-CHANDLER, AZ 1,771 $448,395,000 $253,187
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 1,822 $440,210,000 $241,608
OXNARD-THOUSAND OAKS-VENTURA, CA 709 $356,985,000 $503,505
NEW BRUNSWICK-LAKEWOOD, NJ 1,084 $341,450,000 $314,991
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 914 $340,350,000 $372,374
URBAN HONOLULU, HI 571 $317,855,000 $556,664
ORLANDO-KISSIMMEE-SANFORD, FL 1,261 $311,025,000 $246,649
NASSAU COUNTY-SUFFOLK COUNTY, NY 761 $298,025,000 $391,623
TAMPA-ST. PETERSBURG-CLEARWATER, FL 1,146 $288,070,000 $251,370
OAKLAND-BERKELEY-LIVERMORE, CA 560 $272,370,000 $486,375
DALLAS-PLANO-IRVING, TX 836 $239,320,000 $286,268
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 649 $219,265,000 $337,851
NEWARK, NJ-PA 654 $210,810,000 $322,339
BOSTON, MA 515 $194,845,000 $378,340
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 757 $192,955,000 $254,894
LAS VEGAS-HENDERSON-PARADISE, NV 688 $189,160,000 $274,942
ANAHEIM-SANTA ANA-IRVINE, CA 319 $184,735,000 $579,107
BALTIMORE-COLUMBIA-TOWSON, MD 647 $183,835,000 $284,134
DENVER-AURORA-LAKEWOOD, CO 450 $159,960,000 $355,467
SACRAMENTO-ROSEVILLE-FOLSOM, CA 440 $154,120,000 $350,273
SANTA MARIA-SANTA BARBARA, CA 271 $152,875,000 $564,114
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 714 $150,670,000 $211,022
COLORADO SPRINGS, CO 469 $146,225,000 $311,780
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 335 $144,135,000 $430,254
NORTH PORT-SARASOTA-BRADENTON, FL 604 $140,280,000 $232,252
FRESNO, CA 647 $138,275,000 $213,717
CHICAGO-NAPERVILLE-EVANSTON, IL 607 $131,445,000 $216,549
MIAMI-MIAMI BEACH-KENDALL, FL 357 $107,955,000 $302,395
SAN ANTONIO-NEW BRAUNFELS, TX 470 $104,760,000 $222,894
KENNEWICK-RICHLAND, WA 388 $104,240,000 $268,660
SPOKANE-SPOKANE VALLEY, WA 343 $94,485,000 $275,466
TACOMA-LAKEWOOD, WA 259 $88,885,000 $343,185
CHARLESTON-NORTH CHARLESTON, SC 328 $87,000,000 $265,244
SANTA ROSA-PETALUMA, CA 176 $86,310,000 $490,398
JACKSONVILLE, FL 361 $83,785,000 $232,091
PROVIDENCE-WARWICK, RI-MA 311 $83,245,000 $267,669
FORT WORTH-ARLINGTON-GRAPEVINE, TX 321 $79,255,000 $246,900
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 357 $77,515,000 $217,129
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 267 $74,765,000 $280,019
BATON ROUGE, LA 354 $74,140,000 $209,435
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 276 $72,220,000 $261,667
KANSAS CITY, MO-KS 348 $70,850,000 $203,592
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 271 $67,285,000 $248,284
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 260 $65,780,000 $253,000
STOCKTON, CA 201 $65,205,000 $324,403
CHARLOTTE-CONCORD-GASTONIA, NC-SC 275 $63,815,000 $232,055
BURLINGTON-SOUTH BURLINGTON, VT 250 $63,440,000 $253,760
WORCESTER, MA-CT 233 $62,995,000 $270,365
VALLEJO, CA 183 $62,535,000 $341,721
BOISE CITY, ID 206 $60,290,000 $292,670
CAPE CORAL-FORT MYERS, FL 264 $58,980,000 $223,409
MODESTO, CA 232 $58,540,000 $252,328
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 84 $56,110,000 $667,976
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 228 $55,460,000 $243,246
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 144 $54,950,000 $381,597
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 191 $53,935,000 $282,382
BRIDGEPORT-STAMFORD-NORWALK, CT 155 $52,625,000 $339,516
INDIANAPOLIS-CARMEL-ANDERSON, IN 270 $52,570,000 $194,704
LAKELAND-WINTER HAVEN, FL 253 $50,485,000 $199,545
NAPA, CA 92 $46,900,000 $509,783
ALBUQUERQUE, NM 202 $45,680,000 $226,139
AUSTIN-ROUND ROCK-GEORGETOWN, TX 160 $45,160,000 $282,250
KAHULUI-WAILUKU-LAHAINA, HI 85 $44,015,000 $517,824
BAKERSFIELD, CA 195 $42,005,000 $215,410
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 148 $41,160,000 $278,108
COLUMBUS, OH 215 $40,145,000 $186,721
GREENVILLE-ANDERSON, SC 183 $39,985,000 $218,497
RICHMOND, VA 147 $39,115,000 $266,088
SALEM, OR 145 $38,775,000 $267,414
PRESCOTT VALLEY-PRESCOTT, AZ 149 $37,715,000 $253,121
WARREN-TROY-FARMINGTON HILLS, MI 175 $37,245,000 $212,829
NEW HAVEN-MILFORD, CT 187 $36,925,000 $197,460
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 193 $35,865,000 $185,829
BIRMINGHAM-HOOVER, AL 175 $33,745,000 $192,829
TUCSON, AZ 154 $32,220,000 $209,221
YAKIMA, WA 140 $32,000,000 $228,571
PALM BAY-MELBOURNE-TITUSVILLE, FL 144 $31,570,000 $219,236
MILWAUKEE-WAUKESHA, WI 148 $29,160,000 $197,027
RALEIGH-CARY, NC 116 $29,120,000 $251,034
MOUNT VERNON-ANACORTES, WA 100 $29,020,000 $290,200
BELLINGHAM, WA 95 $28,275,000 $297,632
HARRISBURG-CARLISLE, PA 164 $27,480,000 $167,561
CAMDEN, NJ 124 $27,290,000 $220,081
NEW ORLEANS-METAIRIE, LA 128 $26,820,000 $209,531
EUGENE-SPRINGFIELD, OR 102 $26,500,000 $259,804
OLYMPIA-LACEY-TUMWATER, WA 75 $26,405,000 $352,067
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 37 $26,015,000 $703,108
CINCINNATI, OH-KY-IN 125 $25,875,000 $207,000
BRUNSWICK, GA 126 $25,510,000 $202,460
ALBANY-SCHENECTADY-TROY, NY 129 $25,395,000 $196,860
PORT ST. LUCIE, FL 108 $25,060,000 $232,037
PHILADELPHIA, PA 118 $24,710,000 $209,407
PORTLAND-SOUTH PORTLAND, ME 107 $24,605,000 $229,953
SAN LUIS OBISPO-PASO ROBLES, CA 50 $23,960,000 $479,200
OCALA, FL 125 $23,905,000 $191,240
GREELEY, CO 84 $23,350,000 $277,976
LAREDO, TX 119 $22,985,000 $193,151
RENO, NV 72 $22,050,000 $306,250
CLEVELAND-ELYRIA, OH 117 $20,975,000 $179,274
VISALIA, CA 89 $20,165,000 $226,573
FAYETTEVILLE, NC 105 $20,125,000 $191,667
BREMERTON-SILVERDALE-PORT ORCHARD, WA 55 $19,895,000 $361,727
MEMPHIS, TN-MS-AR 85 $19,865,000 $233,706
COLUMBIA, SC 102 $19,330,000 $189,510
NAPLES-MARCO ISLAND, FL 67 $19,115,000 $285,299
BEND, OR 62 $18,510,000 $298,548
CHICO, CA 69 $18,445,000 $267,319
TRENTON-PRINCETON, NJ 67 $17,265,000 $257,687
YUBA CITY, CA 64 $16,890,000 $263,906
GARY, IN 87 $16,685,000 $191,782
ELGIN, IL 73 $16,655,000 $228,151
ST. LOUIS, MO-IL 81 $16,645,000 $205,494
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 72 $16,270,000 $225,972
SALINAS, CA 33 $15,785,000 $478,333
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 50 $15,610,000 $312,200
SAVANNAH, GA 75 $15,295,000 $203,933
ALBANY-LEBANON, OR 67 $15,215,000 $227,090
PITTSBURGH, PA 75 $14,925,000 $199,000
OKLAHOMA CITY, OK 68 $14,460,000 $212,647
LONGVIEW, WA 49 $14,445,000 $294,796
LOUISVILLE/JEFFERSON COUNTY, KY-IN 78 $14,430,000 $185,000
LAKE HAVASU CITY-KINGMAN, AZ 60 $14,370,000 $239,500
WILMINGTON, DE-MD-NJ 57 $14,065,000 $246,754
ANCHORAGE, AK 46 $13,790,000 $299,783
YORK-HANOVER, PA 78 $13,780,000 $176,667
MERCED, CA 60 $13,720,000 $228,667
MANCHESTER-NASHUA, NH 52 $13,440,000 $258,462
LAKE COUNTY-KENOSHA COUNTY, IL-WI 58 $13,400,000 $231,034
KNOXVILLE, TN 72 $13,360,000 $185,556
MADERA, CA 57 $13,035,000 $228,684
PENSACOLA-FERRY PASS-BRENT, FL 58 $13,020,000 $224,483
CHAMBERSBURG-WAYNESBORO, PA 67 $12,915,000 $192,761
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 41 $12,855,000 $313,537
AUGUSTA-RICHMOND COUNTY, GA-SC 63 $12,735,000 $202,143
MADISON, WI 57 $12,725,000 $223,246
KILLEEN-TEMPLE, TX 61 $12,645,000 $207,295
DETROIT-DEARBORN-LIVONIA, MI 68 $12,520,000 $184,118
SPRINGFIELD, MA 64 $12,470,000 $194,844
SANTA CRUZ-WATSONVILLE, CA 19 $12,055,000 $634,474
NORWICH-NEW LONDON, CT 55 $11,955,000 $217,364
GREENSBORO-HIGH POINT, NC 61 $11,805,000 $193,525
COEUR D'ALENE, ID 40 $11,680,000 $292,000
LEWISTON, ID-WA 52 $11,390,000 $219,038
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 55 $10,975,000 $199,545
ATLANTIC CITY-HAMMONTON, NJ 57 $10,875,000 $190,789
GRAND RAPIDS-KENTWOOD, MI 53 $10,615,000 $200,283
HAGERSTOWN-MARTINSBURG, MD-WV 50 $10,580,000 $211,600
JACKSONVILLE, NC 59 $10,515,000 $178,220
ROCHESTER, NY 59 $10,375,000 $175,847
PUEBLO, CO 47 $10,065,000 $214,149
LANCASTER, PA 52 $10,000,000 $192,308
GRAND JUNCTION, CO 38 $9,940,000 $261,579
BARNSTABLE TOWN, MA 27 $9,655,000 $357,593
EL CENTRO, CA 40 $9,650,000 $241,250
CLARKSVILLE, TN-KY 50 $9,590,000 $191,800
PANAMA CITY, FL 32 $9,450,000 $295,313
SHREVEPORT-BOSSIER CITY, LA 43 $9,195,000 $213,837
PUNTA GORDA, FL 44 $9,040,000 $205,455
OMAHA-COUNCIL BLUFFS, NE-IA 40 $8,980,000 $224,500
COLUMBUS, GA-AL 48 $8,870,000 $184,792
WINSTON-SALEM, NC 47 $8,865,000 $188,617
CHATTANOOGA, TN-GA 38 $8,840,000 $232,632
CORPUS CHRISTI, TX 40 $8,360,000 $209,000
AKRON, OH 41 $8,245,000 $201,098
SALISBURY, MD-DE 33 $8,175,000 $247,727
FORT COLLINS, CO 26 $7,860,000 $302,308
DURHAM-CHAPEL HILL, NC 38 $7,800,000 $205,263
HANFORD-CORCORAN, CA 33 $7,635,000 $231,364
HUNTSVILLE, AL 33 $7,475,000 $226,515
ODESSA, TX 32 $7,190,000 $224,688
REDDING, CA 29 $7,055,000 $243,276
CALIFORNIA-LEXINGTON PARK, MD 25 $6,945,000 $277,800
SEBASTIAN-VERO BEACH, FL 31 $6,925,000 $223,387
EL PASO, TX 37 $6,845,000 $185,000
TUSCALOOSA, AL 34 $6,760,000 $198,824
WENATCHEE, WA 17 $6,735,000 $396,176
LAS CRUCES, NM 32 $6,490,000 $202,813
DAYTON-KETTERING, OH 32 $6,480,000 $202,500
SPARTANBURG, SC 33 $6,325,000 $191,667
TULSA, OK 29 $6,245,000 $215,345
SAN RAFAEL, CA 11 $6,215,000 $565,000
HOMOSASSA SPRINGS, FL 36 $6,040,000 $167,778
FLAGSTAFF, AZ 23 $6,005,000 $261,087
GAINESVILLE, GA 24 $6,000,000 $250,000
MIDLAND, TX 23 $5,925,000 $257,609
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 29 $5,845,000 $201,552
GLENS FALLS, NY 26 $5,830,000 $224,231
RACINE, WI 28 $5,740,000 $205,000
HILTON HEAD ISLAND-BLUFFTON, SC 24 $5,660,000 $235,833
MONTGOMERY, AL 27 $5,625,000 $208,333
GETTYSBURG, PA 27 $5,515,000 $204,259
HAMMOND, LA 30 $5,420,000 $180,667
MOBILE, AL 25 $5,415,000 $216,600
ATHENS-CLARKE COUNTY, GA 22 $5,410,000 $245,909
DAPHNE-FAIRHOPE-FOLEY, AL 26 $5,370,000 $206,538
KINGSTON, NY 22 $5,370,000 $244,091
DOVER, DE 21 $5,325,000 $253,571
MEDFORD, OR 20 $5,280,000 $264,000
ASHEVILLE, NC 25 $5,225,000 $209,000
LAFAYETTE, LA 28 $5,170,000 $184,643
DES MOINES-WEST DES MOINES, IA 24 $5,120,000 $213,333
WALLA WALLA, WA 19 $5,095,000 $268,158
TOLEDO, OH 26 $5,070,000 $195,000
LAKE CHARLES, LA 22 $4,910,000 $223,182
HINESVILLE, GA 27 $4,885,000 $180,926
SHERMAN-DENISON, TX 20 $4,880,000 $244,000
ROANOKE, VA 22 $4,810,000 $218,636
WARNER ROBINS, GA 25 $4,715,000 $188,600
SALT LAKE CITY, UT 16 $4,660,000 $291,250
YUMA, AZ 24 $4,640,000 $193,333
LEBANON, PA 26 $4,600,000 $176,923
BUFFALO-CHEEKTOWAGA, NY 26 $4,540,000 $174,615
WILMINGTON, NC 19 $4,505,000 $237,105
OGDEN-CLEARFIELD, UT 16 $4,410,000 $275,625
BOULDER, CO 11 $4,315,000 $392,273
FORT WAYNE, IN 23 $4,305,000 $187,174
OSHKOSH-NEENAH, WI 22 $4,260,000 $193,636
GAINESVILLE, FL 17 $4,235,000 $249,118
TALLAHASSEE, FL 19 $4,205,000 $221,316
LEXINGTON-FAYETTE, KY 19 $3,905,000 $205,526
LEWISTON-AUBURN, ME 22 $3,900,000 $177,273
ANN ARBOR, MI 15 $3,875,000 $258,333
MORRISTOWN, TN 23 $3,875,000 $168,478
FLINT, MI 21 $3,865,000 $184,048
LANSING-EAST LANSING, MI 22 $3,740,000 $170,000
THE VILLAGES, FL 19 $3,705,000 $195,000
MACON-BIBB COUNTY, GA 19 $3,645,000 $191,842
EAST STROUDSBURG, PA 17 $3,575,000 $210,294
NEW BERN, NC 21 $3,535,000 $168,333
SIERRA VISTA-DOUGLAS, AZ 19 $3,525,000 $185,526
PROVO-OREM, UT 7 $3,475,000 $496,429
LYNCHBURG, VA 16 $3,400,000 $212,500
WACO, TX 15 $3,315,000 $221,000
WINCHESTER, VA-WV 14 $3,300,000 $235,714
READING, PA 18 $3,280,000 $182,222
LINCOLN, NE 17 $3,235,000 $190,294
HICKORY-LENOIR-MORGANTON, NC 16 $3,210,000 $200,625
EVANSVILLE, IN-KY 16 $3,170,000 $198,125
LAFAYETTE-WEST LAFAYETTE, IN 17 $3,165,000 $186,176
COLLEGE STATION-BRYAN, TX 13 $3,165,000 $243,462
CHARLOTTESVILLE, VA 9 $3,135,000 $348,333
HOUMA-THIBODAUX, LA 17 $3,095,000 $182,059
MCALLEN-EDINBURG-MISSION, TX 14 $3,040,000 $217,143
LUBBOCK, TX 15 $3,005,000 $200,333
CUMBERLAND, MD-WV 26 $2,980,000 $114,615
TYLER, TX 14 $2,940,000 $210,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 18 $2,930,000 $162,778
KALAMAZOO-PORTAGE, MI 16 $2,930,000 $183,125
SOUTH BEND-MISHAWAKA, IN-MI 13 $2,835,000 $218,077
FARMINGTON, NM 13 $2,735,000 $210,385
APPLETON, WI 13 $2,735,000 $210,385
JOHNSON CITY, TN 11 $2,725,000 $247,727
ABILENE, TX 10 $2,710,000 $271,000
CHEYENNE, WY 12 $2,700,000 $225,000
FAIRBANKS, AK 10 $2,670,000 $267,000
JACKSON, MI 15 $2,635,000 $175,667
EAU CLAIRE, WI 11 $2,625,000 $238,636
WAUSAU-WESTON, WI 13 $2,595,000 $199,615
SCRANTON--WILKES-BARRE, PA 13 $2,535,000 $195,000
FLORENCE, SC 13 $2,525,000 $194,231
BEAUMONT-PORT ARTHUR, TX 11 $2,515,000 $228,636
JACKSON, TN 10 $2,490,000 $249,000
ROCKY MOUNT, NC 14 $2,480,000 $177,143
VINELAND-BRIDGETON, NJ 13 $2,435,000 $187,308
DALTON, GA 14 $2,430,000 $173,571
JACKSON, MS 12 $2,360,000 $196,667
BROWNSVILLE-HARLINGEN, TX 12 $2,360,000 $196,667
SUMTER, SC 13 $2,315,000 $178,077
BURLINGTON, NC 12 $2,310,000 $192,500
AMARILLO, TX 10 $2,270,000 $227,000
MUSKEGON, MI 15 $2,205,000 $147,000
SANTA FE, NM 10 $2,180,000 $218,000
CLEVELAND, TN 9 $2,175,000 $241,667
KINGSPORT-BRISTOL, TN-VA 13 $2,155,000 $165,769
OCEAN CITY, NJ 9 $2,085,000 $231,667
VALDOSTA, GA 13 $2,085,000 $160,385
LONGVIEW, TX 10 $1,990,000 $199,000
STAUNTON, VA 10 $1,880,000 $188,000
GREAT FALLS, MT 9 $1,875,000 $208,333
GREENVILLE, NC 9 $1,845,000 $205,000
CANTON-MASSILLON, OH 11 $1,845,000 $167,727
ELKHART-GOSHEN, IN 10 $1,840,000 $184,000
CORVALLIS, OR 5 $1,825,000 $365,000
MICHIGAN CITY-LA PORTE, IN 9 $1,815,000 $201,667
GREEN BAY, WI 10 $1,780,000 $178,000
JANESVILLE-BELOIT, WI 9 $1,775,000 $197,222
MONROE, LA 7 $1,725,000 $246,429
CASPER, WY 8 $1,700,000 $212,500
COLUMBUS, IN 5 $1,695,000 $339,000
SPRINGFIELD, OH 8 $1,680,000 $210,000
GRANTS PASS, OR 5 $1,675,000 $335,000
KANKAKEE, IL 10 $1,550,000 $155,000
PITTSFIELD, MA 7 $1,545,000 $220,714
GOLDSBORO, NC 8 $1,540,000 $192,500
TERRE HAUTE, IN 8 $1,490,000 $186,250
HARRISONBURG, VA 6 $1,390,000 $231,667
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 7 $1,385,000 $197,857
ERIE, PA 9 $1,375,000 $152,778
HUNTINGTON-ASHLAND, WV-KY-OH 9 $1,315,000 $146,111
MONROE, MI 6 $1,300,000 $216,667
FARGO, ND-MN 6 $1,260,000 $210,000
ROCKFORD, IL 7 $1,245,000 $177,857
WILLIAMSPORT, PA 7 $1,235,000 $176,429
CARSON CITY, NV 5 $1,235,000 $247,000
GRAND ISLAND, NE 6 $1,210,000 $201,667
ALBANY, GA 5 $1,195,000 $239,000
MUNCIE, IN 8 $1,180,000 $147,500
IDAHO FALLS, ID 5 $1,175,000 $235,000
FORT SMITH, AR-OK 9 $1,165,000 $129,444
ELIZABETHTOWN-FORT KNOX, KY 6 $1,150,000 $191,667
KOKOMO, IN 6 $1,140,000 $190,000
DOTHAN, AL 5 $1,115,000 $223,000
AUBURN-OPELIKA, AL 6 $1,100,000 $183,333
ALEXANDRIA, LA 6 $1,060,000 $176,667
FOND DU LAC, WI 5 $1,055,000 $211,000
SEBRING-AVON PARK, FL 8 $1,040,000 $130,000
WICHITA FALLS, TX 4 $1,040,000 $260,000
DECATUR, AL 5 $995,000 $199,000
COLUMBIA, MO 4 $960,000 $240,000
SYRACUSE, NY 6 $950,000 $158,333
SHEBOYGAN, WI 6 $900,000 $150,000
MANSFIELD, OH 5 $895,000 $179,000
BATTLE CREEK, MI 4 $890,000 $222,500
DULUTH, MN-WI 4 $840,000 $210,000
BOWLING GREEN, KY 5 $835,000 $167,000
ROCHESTER, MN 4 $830,000 $207,500
ST. JOSEPH, MO-KS 6 $830,000 $138,333
HOT SPRINGS, AR 5 $825,000 $165,000
SPRINGFIELD, IL 4 $790,000 $197,500
POCATELLO, ID 4 $780,000 $195,000
ROME, GA 4 $770,000 $192,500
LA CROSSE-ONALASKA, WI-MN 4 $740,000 $185,000
LAWTON, OK 4 $740,000 $185,000
MANKATO, MN 3 $725,000 $241,667
ALTOONA, PA 5 $695,000 $139,000
JONESBORO, AR 3 $665,000 $221,667
SPRINGFIELD, MO 4 $660,000 $165,000
PEORIA, IL 4 $610,000 $152,500
TEXARKANA, TX-AR 3 $605,000 $201,667
NILES, MI 3 $595,000 $198,333
TWIN FALLS, ID 3 $595,000 $198,333
LIMA, OH 3 $585,000 $195,000
VICTORIA, TX 3 $565,000 $188,333
WICHITA, KS 3 $535,000 $178,333
SAN ANGELO, TX 2 $500,000 $250,000
BANGOR, ME 2 $490,000 $245,000
MORGANTOWN, WV 3 $485,000 $161,667
GULFPORT-BILOXI, MS 2 $480,000 $240,000
BLOOMSBURG-BERWICK, PA 3 $465,000 $155,000
WHEELING, WV-OH 2 $460,000 $230,000
BLACKSBURG-CHRISTIANSBURG, VA 2 $460,000 $230,000
AMES, IA 3 $445,000 $148,333
FLORENCE-MUSCLE SHOALS, AL 3 $445,000 $148,333
CEDAR RAPIDS, IA 3 $445,000 $148,333
ANNISTON-OXFORD, AL 2 $440,000 $220,000
GADSDEN, AL 2 $390,000 $195,000
DUBUQUE, IA 2 $390,000 $195,000
CHAMPAIGN-URBANA, IL 2 $380,000 $190,000
SIOUX CITY, IA-NE-SD 2 $360,000 $180,000
CHARLESTON, WV 2 $360,000 $180,000
BILLINGS, MT 2 $350,000 $175,000
JOHNSTOWN, PA 2 $350,000 $175,000
WATERTOWN-FORT DRUM, NY 1 $335,000 $335,000
RAPID CITY, SD 1 $315,000 $315,000
BISMARCK, ND 1 $305,000 $305,000
BINGHAMTON, NY 3 $295,000 $98,333
MIDLAND, MI 2 $290,000 $145,000
BLOOMINGTON, IN 2 $290,000 $145,000
SAGINAW, MI 2 $280,000 $140,000
DECATUR, IL 1 $265,000 $265,000
UTICA-ROME, NY 3 $245,000 $81,667
CAPE GIRARDEAU, MO-IL 1 $245,000 $245,000
PARKERSBURG-VIENNA, WV 2 $240,000 $120,000
STATE COLLEGE, PA 1 $235,000 $235,000
GRAND FORKS, ND-MN 1 $225,000 $225,000
ST. CLOUD, MN 1 $205,000 $205,000
WATERLOO-CEDAR FALLS, IA 1 $195,000 $195,000
BAY CITY, MI 1 $195,000 $195,000
TOPEKA, KS 2 $190,000 $95,000
JOPLIN, MO 1 $185,000 $185,000
DANVILLE, IL 1 $185,000 $185,000
LAWRENCE, KS 1 $165,000 $165,000
WEIRTON-STEUBENVILLE, WV-OH 1 $165,000 $165,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
<2.5% 414 $3,500,000 $8,454
2.5-3% 703 $191,355,000 $272,198
3-4% 25,056 $8,370,690,000 $334,079
4-5% 21,144 $5,951,550,000 $281,477
5-6% 4,087 $1,153,135,000 $282,147
6-7% 1,013 $419,785,000 $414,398
7-8% 273 $65,565,000 $240,165
Over 8% 27 $7,775,000 $287,963

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 1,792 $95,660,000 $53,382
$100k-200k 13,309 $2,151,245,000 $161,638
$200k-400k 26,109 $7,341,525,000 $281,188
$400k-600k 8,187 $3,903,425,000 $476,783
$600k-1000k 2,868 $2,039,290,000 $711,050
$Over $1MM 452 $632,210,000 $1,398,695

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 857 $210,905,000 $246,097
40-60% 3,174 $1,109,920,000 $349,691
60-80% 11,198 $4,051,440,000 $361,800
80-100% 32,638 $9,587,760,000 $293,761
Over 100% 3,663 $1,003,975,000 $274,085
Under 20% 751 $20,825,000 $27,730

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 8,345 $3,025,325,000 $362,531
$150k-250k 5,042 $2,265,970,000 $449,419
$50k-75k 8,244 $1,844,440,000 $223,731
$50k-or less 4,503 $770,155,000 $171,032
$75k-100k 6,854 $2,009,470,000 $293,182
$Over $250k 2,110 $1,368,380,000 $648,521

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 35,343 $10,628,315,000 $300,719
Not provided 7,133 $2,361,615,000 $331,083
Black 6,717 $1,809,535,000 $269,396
Asian 2,847 $1,125,595,000 $395,362
Native Hawaiian 242 $91,740,000 $379,091
American Indian 274 $79,570,000 $290,401
Asian Indian 47 $23,595,000 $502,021
Filipino 28 $12,150,000 $433,929
Other Asian 33 $11,505,000 $348,636
Chinese 13 $4,845,000 $372,692
Other Pacific Islander 13 $3,065,000 $235,769
Korean 4 $2,890,000 $722,500
Japanese 5 $2,695,000 $539,000
Vietnamese 7 $2,455,000 $350,714
Samoan 4 $1,650,000 $412,500
Native Hawiian 6 $1,610,000 $268,333
Guamanian 1 $525,000 $525,000

Approval Rates

Total approvals of all applications
95.25%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
74.47%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
NA 52,717 $16,163,355,000 $306,606

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 16,774 $4,218,620,000 $251,498
$1k-2k 18,517 $6,019,785,000 $325,095
$2k-3k 5,853 $1,582,655,000 $270,401
$3k-4k 6,463 $1,954,925,000 $302,479
$5k+ 5,092 $2,380,900,000 $467,577

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 788 $152,180,000 $193,122
Single Family (1-4 Units):Site-Built 51,929 $16,011,175,000 $308,328