Us Mortgage Corporation Rates, Fees & Info
MELVILLE, NYLEI: 54930039IUN6515TBG78
Tax ID: 11-3198028
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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. Their top markets by origination volume include: New York, Atlanta, Tulsa, Philadelphia, and Myrtle Beach among others. We have data for 124 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 an average 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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.90% | 12/16/24 |
| 30 Year Conventional Refi | 6.63% | 12/16/24 |
| 30 Year Cash-out Refi | 6.80% | 12/16/24 |
| 30 Year FHA Purchase | 7.67% | 12/16/24 |
| 30 Year FHA Refi | 7.58% | 12/16/24 |
| 30 Year VA Purchase | 6.66% | 12/16/24 |
| 30 Year VA Refi | 6.08% | 12/16/24 |
| 30 Year USDA Purchase | 7.05% | 12/16/24 |
| 30 Year USDA Refi | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 6.62% | 12/16/24 |
| 15 Year Conventional Refi | 6.16% | 12/16/24 |
| 15 Year Cash-out Refi | 6.16% | 12/16/24 |
| 15 Year FHA Purchase | 5.68% | 12/16/24 |
| 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
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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
2,192Origination Dollar Volume (All Markets)
$503,100,000Awards
US MORTGAGE CORPORATION - 2018
US MORTGAGE CORPORATION is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 411 | $147,285,000 | $358,358 | $9,494 | 5.02% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 508 | $105,910,000 | $208,484 | $5,337 | 4.87% |
| TULSA, OK (FHA|USDA|VA) | 282 | $45,030,000 | $159,681 | $5,662 | 5.12% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 137 | $28,685,000 | $209,380 | $7,747 | 4.89% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 137 | $22,985,000 | $167,774 | $5,311 | 4.94% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 57 | $19,615,000 | $344,123 | $9,231 | 5.01% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 62 | $14,900,000 | $240,323 | $8,608 | 5.06% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 53 | $12,035,000 | $227,075 | $5,399 | 4.86% |
| WICHITA, KS (FHA|USDA|VA) | 65 | $10,035,000 | $154,385 | $5,467 | 5.08% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 46 | $9,410,000 | $204,565 | $5,950 | 5.12% |
| Outside of Metro Areas | 50 | $7,080,000 | $141,600 | $5,295 | 5.11% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 29 | $4,925,000 | $169,828 | $5,505 | 5.16% |
| COLUMBUS, OH (FHA|USDA|VA) | 20 | $4,570,000 | $228,500 | $5,012 | 4.63% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 22 | $4,210,000 | $191,364 | $5,239 | 5.02% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 9 | $3,175,000 | $352,778 | $6,764 | 5.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 12 | $2,590,000 | $215,833 | $4,957 | 4.90% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $2,485,000 | $497,000 | $15,883 | 5.00% |
| Georgetown, SC (FHA|USDA|VA) | 10 | $2,190,000 | $219,000 | $5,369 | 4.94% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 10 | $2,100,000 | $210,000 | $8,588 | 4.90% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 9 | $2,035,000 | $226,111 | $6,375 | 5.18% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $1,865,000 | $266,429 | $6,578 | 5.07% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 8 | $1,800,000 | $225,000 | $6,281 | 5.19% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 9 | $1,745,000 | $193,889 | $6,402 | 4.85% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 9 | $1,685,000 | $187,222 | $5,631 | 5.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 9 | $1,675,000 | $186,111 | $7,082 | 5.51% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 12 | $1,670,000 | $139,167 | $6,380 | 5.03% |
| GAINESVILLE, GA (FHA|USDA|VA) | 7 | $1,625,000 | $232,143 | $4,755 | 4.91% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 11 | $1,545,000 | $140,455 | $4,574 | 5.13% |
| Jefferson, GA (FHA|USDA|VA) | 6 | $1,370,000 | $228,333 | $6,151 | 5.04% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 6 | $1,350,000 | $225,000 | $6,848 | 4.65% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 8 | $1,300,000 | $162,500 | $3,992 | 4.73% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $5,198 | 4.94% |
| PITTSBURGH, PA (FHA|USDA|VA) | 5 | $1,205,000 | $241,000 | $9,462 | 4.75% |
| BATON ROUGE, LA (FHA|USDA|VA) | 7 | $1,125,000 | $160,714 | $6,310 | 4.80% |
| RICHMOND, VA (FHA|USDA|VA) | 6 | $1,110,000 | $185,000 | $7,381 | 4.83% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 5 | $1,105,000 | $221,000 | $3,731 | 4.65% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $9,679 | 5.22% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 6 | $1,070,000 | $178,333 | $7,739 | 4.81% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 5 | $985,000 | $197,000 | $7,708 | 4.58% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $6,630 | 5.30% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $10,559 | 4.42% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $5,988 | 4.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $10,033 | 4.92% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $10,897 | 4.38% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $10,018 | 4.67% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $9,830 | 5.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $7,492 | 5.19% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $9,618 | 4.88% |
| Bartlesville, OK (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $4,152 | 5.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $5,182 | 4.38% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $7,123 | 5.06% |
| LAWRENCE, KS (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $10,479 | 5.06% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $8,909 | 4.56% |
| LANCASTER, PA (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $7,553 | 4.75% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $8,873 | 5.50% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,014 | 4.81% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,428 | 4.94% |
| ENID, OK (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,538 | 4.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,054 | 5.06% |
| Shawnee, OK (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $6,273 | 5.31% |
| OCALA, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $6,282 | 5.63% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,391 | 4.63% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,963 | 4.63% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,407 | 5.06% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $4,651 | 4.96% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,390 | 4.88% |
| READING, PA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,638 | 5.00% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $14,045 | 4.50% |
| AKRON, OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,995 | 4.88% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $11,202 | 5.50% |
| Athens, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,986 | 5.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,054 | 4.13% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $10,039 | 5.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,544 | 4.50% |
| Miami, OK (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $5,482 | 5.44% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,819 | 5.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,439 | 4.88% |
| Easton, MD (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,765 | 4.38% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,528 | 4.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,700 | 4.75% |
| Bay City, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,726 | 5.00% |
| Salina, KS (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,260 | 5.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,913 | 4.75% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,182 | 5.00% |
| Muskogee, OK (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $6,037 | 5.06% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $5,011 | 5.13% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,167 | 4.38% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,842 | 5.00% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,096 | 5.13% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,556 | 4.38% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,213 | 5.13% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,736 | 4.38% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,883 | 3.88% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,988 | 5.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,780 | 4.63% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,624 | 4.88% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,099 | 5.75% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,954 | 5.25% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,333 | 4.63% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,497 | 4.75% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,673 | 5.25% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,984 | 4.13% |
| Brevard, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,647 | 5.00% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,392 | 4.88% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,015 | 5.50% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,341 | 5.50% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,404 | 4.88% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,473 | 5.50% |
| Blackfoot, ID (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,638 | 5.50% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,456 | 4.88% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,620 | 5.75% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,343 | 5.00% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,784 | 4.50% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,346 | 5.13% |
| DOVER, DE (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $9,729 | 4.75% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,497 | 4.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,239 | 5.38% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,858 | 5.50% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,097 | 4.88% |
| WACO, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,645 | 5.63% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,944 | 5.25% |
| Winfield, KS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,586 | 5.25% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,354 | 4.88% |
| Ada, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,003 | 5.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against US MORTGAGE CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2018, Us Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,180 originations. Their 2nd most popular type was FHA, with 805 originations.
Loan Reason
For 2018, Us Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,859 originations. The 2nd most popular reason was Cash Out Refi, with 216 originations.
Loan Duration/Length
For 2018, Us Mortgage Corporation's most frequently cited loan duration was 30 Year, with 2,134 originations. The 2nd most popular length was 15 Year, with 37 originations.
Origination Fees/Closing Costs
Us Mortgage Corporation's average total fees were $6,732, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,011 originations.
Interest Rates
During 2018, Us Mortgage Corporation's average interest rate for loans was 4.99%, while their most frequently originated rate bucket for loans was 4-5%, with 1,289 originations.
Loan Sizing
2018 saw Us Mortgage Corporation place emphasis on $100k-200k loans with 953 originations, totaling $144,715,000 in origination value.
Applicant Income
Us Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 628 originations. The second most popular income band? $50k or less, with 555 originations.
Applicant Debt to Income Ratio
Us Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 278 originations. The next most common DTI ratio? 50-60%, with 276 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.54%
Us Mortgage Corporation has an average approval rate.
Pick Rate
Approvals leading to origination70.03%
Us Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,192 | $503,100,000 | $229,516 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 44 | $5,420,000 | $123,182 |
| Single Family (1-4 Units):Site-Built | 2,148 | $497,680,000 | $231,695 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| US MORTGAGE CORPORATION | Reverse mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |