Us Mortgage Corporation Rates, Fees & Info

MELVILLE, NY

LEI: 54930039IUN6515TBG78

Tax ID: 11-3198028

1.9 stars - Updated: 6/17/24 - out of 5 stars, based on 40 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Us Mortgage Corporation is a smaller mortgage company specializing in Home Purchase loans. Us Mortgage Corporation has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Atlanta, New York, Tulsa, Philadelphia, and Myrtle Beach among others. We have data for 140 markets. (Some data included below & more in-depth data is available with an active subscription.)

Us Mortgage Corporation 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. Us Mortgage Corporation is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have 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.

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 6.90% 6/17/24
30 Year Conventional Refi 6.63% 6/17/24
30 Year Cash-out Refi 6.80% 6/17/24
30 Year FHA Purchase 7.67% 6/17/24
30 Year FHA Refi 7.58% 6/17/24
30 Year VA Purchase 6.66% 6/17/24
30 Year VA Refi 6.08% 6/17/24
30 Year USDA Purchase 7.05% 6/17/24
30 Year USDA Refi 6.27% 6/17/24
15 Year Conventional Purchase 6.62% 6/17/24
15 Year Conventional Refi 6.16% 6/17/24
15 Year Cash-out Refi 6.16% 6/17/24
15 Year FHA Purchase 5.68% 6/17/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Us Mortgage Corporation Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Us Mortgage Corporation. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,634

Origination Dollar Volume (All Markets)

$483,420,000

Awards

US MORTGAGE CORPORATION 30 Year Conventional Loans bronze
Show all (1) awards

Relative Rate

Us Mortgage Corporation's average 30 year fixed mortgage rate was 6.76%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.28%.

Relative Fees (Closing Costs)

Us Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $11,346.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 412 $131,780,000 $319,854 $11,008 6.94%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 293 $124,935,000 $426,399 $15,524 6.65%
TULSA, OK (FHA|USDA|VA) 148 $34,400,000 $232,432 $9,549 6.77%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 93 $25,265,000 $271,667 $11,326 6.53%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 99 $24,945,000 $251,970 $8,992 6.74%
WICHITA, KS (FHA|USDA|VA) 87 $16,945,000 $194,770 $8,044 6.78%
Outside of Metro Areas 54 $10,590,000 $196,111 $8,695 6.79%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 27 $9,745,000 $360,926 $12,185 6.85%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 35 $7,395,000 $211,286 $8,784 6.98%
BATON ROUGE, LA (FHA|USDA|VA) 21 $4,065,000 $193,571 $9,243 7.02%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 11 $3,825,000 $347,727 $14,019 6.57%
Jefferson, GA (FHA|USDA|VA) 10 $3,710,000 $371,000 $13,605 6.79%
GAINESVILLE, GA (FHA|USDA|VA) 13 $3,585,000 $275,769 $12,619 7.17%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 20 $3,520,000 $176,000 $6,687 6.62%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 9 $3,285,000 $365,000 $17,045 6.04%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 10 $2,640,000 $264,000 $13,978 6.31%
PORT ST. LUCIE, FL (FHA|USDA|VA) 8 $2,570,000 $321,250 $14,346 6.33%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 7 $2,225,000 $317,857 $15,468 6.82%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 7 $2,175,000 $310,714 $10,929 6.80%
EL PASO, TX (FHA|USDA|VA) 9 $2,145,000 $238,333 $8,579 7.32%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 5 $2,135,000 $427,000 $11,935 7.48%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $1,930,000 $241,250 $13,390 6.25%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 7 $1,925,000 $275,000 $13,759 6.64%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 11 $1,885,000 $171,364 $5,890 6.61%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 7 $1,845,000 $263,571 $11,343 6.82%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 7 $1,775,000 $253,571 $10,640 6.82%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 6 $1,670,000 $278,333 $10,331 6.50%
RICHMOND, VA (FHA|USDA|VA) 6 $1,310,000 $218,333 $8,541 7.34%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,300,000 $325,000 $16,277 6.09%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 5 $1,255,000 $251,000 $11,870 6.20%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $1,245,000 $415,000 $32,987 7.29%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $1,165,000 $388,333 $10,681 6.83%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $1,140,000 $285,000 $10,986 7.28%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 3 $1,065,000 $355,000 $14,090 7.13%
Calhoun, GA (FHA|USDA|VA) 4 $1,060,000 $265,000 $10,034 6.50%
Bartlesville, OK (FHA|USDA|VA) 7 $1,055,000 $150,714 $6,287 6.70%
Georgetown, SC (FHA|USDA|VA) 5 $1,015,000 $203,000 $7,229 6.70%
KANSAS CITY, MO-KS (FHA|USDA|VA) 6 $1,000,000 $166,667 $8,757 6.69%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 5 $985,000 $197,000 $10,597 6.22%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $975,000 $325,000 $14,504 7.08%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $955,000 $318,333 $10,840 6.50%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $910,000 $227,500 $6,412 7.31%
BRUNSWICK, GA (FHA|USDA|VA) 2 $840,000 $420,000 $7,246 6.94%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $825,000 $825,000 $22,854 7.75%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $810,000 $405,000 $13,779 6.31%
WINSTON-SALEM, NC (FHA|USDA|VA) 3 $805,000 $268,333 $9,242 6.96%
SALISBURY, MD-DE (FHA|USDA|VA) 4 $800,000 $200,000 $11,021 5.84%
Gloversville, NY (FHA|USDA|VA) 1 $725,000 $725,000 $15,164 7.63%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $725,000 $725,000 $18,130 7.37%
COLUMBUS, OH (FHA|USDA|VA) 3 $695,000 $231,667 $9,488 7.54%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $685,000 $685,000 $14,238 7.38%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $660,000 $330,000 $10,867 7.38%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $600,000 $300,000 $18,214 6.25%
EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $600,000 $300,000 $12,796 6.38%
ROCHESTER, NY (FHA|USDA|VA) 4 $580,000 $145,000 $8,950 5.41%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $565,000 $565,000 $11,672 6.13%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $550,000 $275,000 $11,798 6.69%
Amsterdam, NY (FHA|USDA|VA) 3 $545,000 $181,667 $8,761 7.66%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $540,000 $270,000 $15,262 6.94%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $505,000 $168,333 $6,377 6.08%
Clearlake, CA (FHA|USDA|VA) 1 $505,000 $505,000 $11,534 7.99%
ASHEVILLE, NC (FHA|USDA|VA) 2 $490,000 $245,000 $7,487 7.31%
FLORENCE, SC (FHA|USDA|VA) 2 $490,000 $245,000 $10,036 5.81%
GLENS FALLS, NY (FHA|USDA|VA) 3 $485,000 $161,667 $10,665 7.00%
BINGHAMTON, NY (FHA|USDA|VA) 3 $475,000 $158,333 $9,212 6.88%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $475,000 $475,000 $12,155 6.50%
KNOXVILLE, TN (FHA|USDA|VA) 2 $460,000 $230,000 $17,055 6.00%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $455,000 $455,000 $25,503 5.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $440,000 $220,000 $8,847 7.06%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $440,000 $220,000 $8,028 6.93%
Muskogee, OK (FHA|USDA|VA) 3 $435,000 $145,000 $7,772 6.21%
Tahlequah, OK (FHA|USDA|VA) 2 $430,000 $215,000 $7,893 7.00%
PITTSBURGH, PA (FHA|USDA|VA) 2 $420,000 $210,000 $13,957 5.69%
Ashtabula, OH (FHA|USDA|VA) 3 $415,000 $138,333 $8,467 6.63%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $410,000 $205,000 $11,836 7.00%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $395,000 $395,000 $14,041 6.88%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $390,000 $195,000 $7,410 7.13%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $390,000 $195,000 $8,819 6.88%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $385,000 $385,000 $15,538 7.13%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $375,000 $375,000 $16,234 7.13%
LAWRENCE, KS (FHA|USDA|VA) 1 $365,000 $365,000 $10,523 6.38%
Corning, NY (FHA|USDA|VA) 1 $365,000 $365,000 $11,953 7.75%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $355,000 $355,000 $15,777 5.63%
Winfield, KS (FHA|USDA|VA) 2 $350,000 $175,000 $5,133 6.88%
CLEVELAND, TN (FHA|USDA|VA) 1 $345,000 $345,000 $14,065 5.99%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $340,000 $170,000 $6,151 6.06%
Lebanon, NH-VT (FHA|USDA|VA) 1 $335,000 $335,000 $8,842 8.50%
LANCASTER, PA (FHA|USDA|VA) 2 $330,000 $165,000 $9,784 6.49%
GREELEY, CO (FHA|USDA|VA) 1 $315,000 $315,000 $22,689 6.00%
UTICA-ROME, NY (FHA|USDA|VA) 2 $310,000 $155,000 $10,718 6.38%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $305,000 $305,000 $15,677 6.25%
SAVANNAH, GA (FHA|USDA|VA) 1 $305,000 $305,000 $4,769 5.75%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $285,000 $285,000 $10,883 6.63%
Lake City, FL (FHA|USDA|VA) 1 $285,000 $285,000 $13,040 6.75%
Hutchinson, KS (FHA|USDA|VA) 2 $280,000 $140,000 $6,061 6.56%
Brownsville, TN (FHA|USDA|VA) 1 $275,000 $275,000 $17,238 6.88%
FLINT, MI (FHA|USDA|VA) 1 $275,000 $275,000 $6,680 7.25%
Auburn, NY (FHA|USDA|VA) 2 $270,000 $135,000 $8,055 6.49%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $265,000 $265,000 $14,798 6.63%
GETTYSBURG, PA (FHA|USDA|VA) 1 $265,000 $265,000 $17,536 6.75%
ROANOKE, VA (FHA|USDA|VA) 1 $265,000 $265,000 $11,758 5.49%
DOVER, DE (FHA|USDA|VA) 1 $255,000 $255,000 $11,693 6.63%
Morehead City, NC (FHA|USDA|VA) 1 $255,000 $255,000 $3,206 3.99%
THE VILLAGES, FL (FHA|USDA|VA) 1 $235,000 $235,000 $0 7.49%
ENID, OK (FHA|USDA|VA) 1 $235,000 $235,000 $11,667 7.25%
DALTON, GA (FHA|USDA|VA) 1 $225,000 $225,000 $10,477 7.25%
MODESTO, CA (FHA|USDA|VA) 1 $215,000 $215,000 $13,262 6.75%
AKRON, OH (FHA|USDA|VA) 1 $215,000 $215,000 $10,769 6.75%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $215,000 $215,000 $11,925 6.25%
Deming, NM (FHA|USDA|VA) 1 $205,000 $205,000 $3,967 7.63%
OCALA, FL (FHA|USDA|VA) 1 $205,000 $205,000 $8,537 5.63%
Toccoa, GA (FHA|USDA|VA) 1 $205,000 $205,000 $11,928 6.13%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $205,000 $205,000 $4,431 7.99%
Cornelia, GA (FHA|USDA|VA) 1 $205,000 $205,000 $4,767 6.50%
COLUMBIA, SC (FHA|USDA|VA) 1 $205,000 $205,000 $11,955 6.13%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $195,000 $195,000 $8,188 7.50%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $195,000 $195,000 $10,429 6.13%
CHARLESTON, WV (FHA|USDA|VA) 1 $195,000 $195,000 $7,667 7.75%
Batavia, NY (FHA|USDA|VA) 1 $195,000 $195,000 $13,768 5.63%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $185,000 $185,000 $14,744 5.75%
Malone, NY (FHA|USDA|VA) 1 $185,000 $185,000 $7,965 6.88%
Orangeburg, SC (FHA|USDA|VA) 2 $180,000 $90,000 $3,374 2.81%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $175,000 $175,000 $3,929 6.88%
Miami, OK (FHA|USDA|VA) 1 $165,000 $165,000 $9,230 6.75%
McPherson, KS (FHA|USDA|VA) 1 $165,000 $165,000 $4,034 7.88%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $165,000 $165,000 $8,830 7.50%
READING, PA (FHA|USDA|VA) 1 $155,000 $155,000 $7,853 6.88%
Stillwater, OK (FHA|USDA|VA) 1 $155,000 $155,000 $5,920 6.38%
Bellefontaine, OH (FHA|USDA|VA) 1 $155,000 $155,000 $9,078 7.63%
TOPEKA, KS (FHA|USDA|VA) 1 $135,000 $135,000 $5,987 6.63%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $135,000 $135,000 $8,172 7.13%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $125,000 $125,000 $4,698 6.75%
HAMMOND, LA (FHA|USDA|VA) 1 $125,000 $125,000 $4,517 5.75%
Moultrie, GA (FHA|USDA|VA) 1 $125,000 $125,000 $4,744 6.38%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $120,000 $60,000 $5,557 6.93%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $115,000 $115,000 $6,491 5.75%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $105,000 $105,000 $9,331 5.75%
Thomaston, GA (FHA|USDA|VA) 1 $95,000 $95,000 $3,954 6.38%
LAWTON, OK (FHA|USDA|VA) 1 $85,000 $85,000 $5,867 7.13%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $65,000 $65,000 $3,527 6.38%
Us Mortgage Corporation's top markets include Atlanta, New York, Tulsa, Philadelphia, and Myrtle Beach among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 916 $269,880,000 $294,629 $8,720 6.82%
    FHA 627 $188,105,000 $300,008 $15,027 6.70%
    VA 63 $20,575,000 $326,587 $11,145 6.71%
    USDA 18 $3,370,000 $187,222 $8,184 6.50%
    FHA 8 $1,310,000 $163,750 $0 6.38%
    FHA 2 $180,000 $90,000 $0 6.96%

    For 2023, Us Mortgage Corporation's most frequently originated type of loan was Conventional, with 916 originations. Their 2nd most popular type was FHA, with 627 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,396 $420,620,000 $301,304 $10,972 6.82%
    Cash Out Refi 205 $53,885,000 $262,854 $13,330 6.41%
    Refi 33 $8,915,000 $270,152 $11,128 6.56%

    For 2023, Us Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,396 originations. The 2nd most popular reason was Cash Out Refi, with 205 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,587 $474,225,000 $298,819 $11,346 6.76%
    15 Year 14 $2,860,000 $204,286 $8,132 6.44%
    20 Year 14 $3,960,000 $282,857 $8,443 6.94%
    Other 13 $2,305,000 $177,308 $14,842 6.54%
    10 Year 6 $70,000 $11,667 $231 8.33%

    For 2023, Us Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,587 originations. The 2nd most popular length was 15 Year, with 14 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 810 $298,050,000 $367,963
    $3k-4k 195 $42,215,000 $216,487
    $4k-5k 194 $51,180,000 $263,814
    $1k-2k 190 $43,120,000 $226,947
    $2k-3k 181 $34,725,000 $191,851
    $<1k 47 $10,885,000 $231,596

    Us Mortgage Corporation's average total fees were $11,346, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 810 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 887 $260,065,000 $293,196
    7-8% 490 $152,150,000 $310,510
    5-6% 212 $58,870,000 $277,689
    Over 8% 39 $11,275,000 $289,103
    4-5% 4 $790,000 $197,500
    <2.5% 1 $15,000 $15,000
    3-4% 1 $255,000 $255,000

    During 2023, Us Mortgage Corporation's average interest rate for loans was 6.76%, while their most frequently originated rate bucket for loans was 6-7%, with 887 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 874 $251,670,000 $287,952 $11,058 6.79%
    $100k-200k 355 $54,765,000 $154,268 $7,189 6.62%
    $400k-600k 253 $121,065,000 $478,518 $17,105 6.72%
    $100,000 or less 82 $6,250,000 $76,220 $4,533 7.02%
    $600k-1MM 66 $44,960,000 $681,212 $20,160 7.02%
    $1MM+ 4 $4,710,000 $1,177,500 $26,953 7.22%

    2023 saw Us Mortgage Corporation place emphasis on $200k-400k loans with 874 originations, totaling $251,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 416 $93,030,000 $223,630 $9,550 6.68%
    $100k-150k 405 $137,505,000 $339,519 $12,801 6.85%
    $75k-100k 398 $109,110,000 $274,146 $10,730 6.77%
    $150k-250k 209 $90,315,000 $432,129 $14,249 6.86%
    $50k or less 138 $19,260,000 $139,565 $6,735 6.47%
    $250k+ 66 $33,580,000 $508,788 $15,268 7.09%

    Us Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 416 originations. The second most popular income band? $100k-150k, with 405 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 296 $98,370,000 $332,331 $15,770 6.75%
    30-36% 186 $50,360,000 $270,753 $9,001 6.72%
    20-30% 146 $35,600,000 $243,836 $8,349 6.67%
    49% 119 $35,595,000 $299,118 $11,604 6.67%
    44% 92 $29,840,000 $324,348 $11,355 6.83%
    45% 87 $25,375,000 $291,667 $9,756 6.91%
    47% 85 $28,575,000 $336,176 $13,311 6.91%
    48% 81 $27,485,000 $339,321 $12,822 6.75%
    43% 76 $21,790,000 $286,711 $9,605 6.77%
    46% 74 $24,520,000 $331,351 $12,215 6.80%
    41% 72 $22,060,000 $306,389 $10,024 6.74%
    42% 56 $16,810,000 $300,179 $10,896 6.85%
    40% 53 $15,795,000 $298,019 $9,559 6.72%
    39% 49 $12,695,000 $259,082 $9,731 6.75%
    38% 49 $12,905,000 $263,367 $8,606 6.61%
    37% 41 $10,685,000 $260,610 $9,833 6.97%
    36% 33 $7,075,000 $214,394 $8,177 6.96%
    <20% 28 $5,760,000 $205,714 $7,582 6.70%
    >60% 2 $490,000 $245,000 $14,295 6.26%

    Us Mortgage Corporation lent most frequently to those with DTI ratios of 50-60%, with 296 originations. The next most common DTI ratio? 30-36%, with 186 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,366 $399,300,000 $292,313 $11,035 6.74%
    Black 170 $55,740,000 $327,882 $13,736 6.83%
    Asian 55 $16,855,000 $306,455 $9,851 6.95%
    American Indian 28 $7,010,000 $250,357 $10,807 6.96%
    Native Hawaiian or Islander 7 $2,965,000 $423,571 $10,503 7.00%
    Not provided 8 $1,550,000 $193,750 $9,113 6.25%

    Approval Rates

    Total approvals of all applications
    92.15%

    Us Mortgage Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.26%

    Us Mortgage Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,634 $483,420,000 $295,851

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,634 $483,420,000 $295,851

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 47 $8,025,000 $170,745 $7,140 6.31%
    40-60% 117 $27,105,000 $231,667 $9,115 6.51%
    60-80% 314 $95,490,000 $304,108 $11,332 6.68%
    80-100% 1,120 $345,720,000 $308,679 $11,678 6.81%
    Over 100% 14 $5,090,000 $363,571 $16,344 6.80%
    Under 20% 21 $1,805,000 $85,952 $3,716 7.68%