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 122 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.90% | 4/22/24 |
| 30 Year Conventional Refi | 6.63% | 4/22/24 |
| 30 Year Cash-out Refi | 6.80% | 4/22/24 |
| 30 Year FHA Purchase | 7.67% | 4/22/24 |
| 30 Year FHA Refi | 7.58% | 4/22/24 |
| 30 Year VA Purchase | 6.66% | 4/22/24 |
| 30 Year VA Refi | 6.08% | 4/22/24 |
| 30 Year USDA Purchase | 7.05% | 4/22/24 |
| 30 Year USDA Refi | 6.27% | 4/22/24 |
| 15 Year Conventional Purchase | 6.62% | 4/22/24 |
| 15 Year Conventional Refi | 6.16% | 4/22/24 |
| 15 Year Cash-out Refi | 6.16% | 4/22/24 |
| 15 Year FHA Purchase | 5.68% | 4/22/24 |
| 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
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This is not an official calculator from Us Mortgage Corporation. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,467Origination Dollar Volume (All Markets)
$602,495,000Top 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) | 517 | $188,815,000 | $365,213 | $8,909 | 4.29% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 585 | $130,475,000 | $223,034 | $5,437 | 4.27% |
| TULSA, OK (FHA|USDA|VA) | 291 | $48,135,000 | $165,412 | $5,736 | 4.49% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 191 | $46,215,000 | $241,963 | $7,045 | 4.19% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 135 | $24,925,000 | $184,630 | $5,570 | 4.20% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 68 | $23,610,000 | $347,206 | $9,194 | 4.28% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 81 | $20,185,000 | $249,198 | $7,205 | 4.14% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 69 | $15,275,000 | $221,377 | $6,328 | 4.35% |
| WICHITA, KS (FHA|USDA|VA) | 74 | $11,100,000 | $150,000 | $4,795 | 4.39% |
| Outside of Metro Areas | 50 | $8,050,000 | $161,000 | $5,524 | 4.46% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 35 | $6,885,000 | $196,714 | $6,325 | 4.47% |
| BATON ROUGE, LA (FHA|USDA|VA) | 23 | $3,965,000 | $172,391 | $5,692 | 4.29% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 16 | $3,400,000 | $212,500 | $6,292 | 4.20% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 15 | $3,255,000 | $217,000 | $9,838 | 4.71% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 15 | $3,135,000 | $209,000 | $6,291 | 4.25% |
| GAINESVILLE, GA (FHA|USDA|VA) | 15 | $3,075,000 | $205,000 | $5,127 | 4.39% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 16 | $2,880,000 | $180,000 | $5,571 | 4.52% |
| PITTSBURGH, PA (FHA|USDA|VA) | 10 | $2,530,000 | $253,000 | $6,995 | 3.88% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 5 | $2,515,000 | $503,000 | $9,191 | 4.35% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 9 | $2,445,000 | $271,667 | $7,420 | 4.08% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 8 | $2,380,000 | $297,500 | $5,458 | 3.98% |
| RICHMOND, VA (FHA|USDA|VA) | 9 | $2,245,000 | $249,444 | $5,066 | 3.78% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 13 | $2,105,000 | $161,923 | $5,924 | 4.32% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 7 | $1,725,000 | $246,429 | $7,777 | 3.95% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 6 | $1,520,000 | $253,333 | $9,049 | 4.50% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 9 | $1,505,000 | $167,222 | $5,144 | 4.35% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,495,000 | $299,000 | $8,608 | 4.35% |
| Jefferson, GA (FHA|USDA|VA) | 8 | $1,440,000 | $180,000 | $5,369 | 4.45% |
| Easton, MD (FHA|USDA|VA) | 4 | $1,420,000 | $355,000 | $7,695 | 4.06% |
| Georgetown, SC (FHA|USDA|VA) | 5 | $1,395,000 | $279,000 | $7,099 | 4.38% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 6 | $1,340,000 | $223,333 | $8,244 | 5.19% |
| Bartlesville, OK (FHA|USDA|VA) | 10 | $1,180,000 | $118,000 | $4,593 | 4.38% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,145,000 | $229,000 | $6,304 | 4.60% |
| LAFAYETTE, LA (FHA|USDA|VA) | 9 | $1,145,000 | $127,222 | $5,632 | 4.43% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 6 | $1,090,000 | $181,667 | $7,188 | 4.29% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 5 | $975,000 | $195,000 | $7,874 | 3.80% |
| READING, PA (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $7,927 | 4.31% |
| Key West, FL (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $10,265 | 3.88% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $10,137 | 3.81% |
| PANAMA CITY, FL (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $5,587 | 5.25% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $6,571 | 3.75% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $4,679 | 4.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $5,497 | 3.84% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $10,563 | 4.58% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $14,717 | 4.50% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $6,293 | 4.88% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $6,804 | 4.88% |
| Cambridge, MD (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $6,498 | 4.81% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $2,965 | 3.81% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $3,645 | 5.04% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $8,563 | 4.06% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $6,023 | 3.81% |
| Calhoun, GA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,872 | 4.31% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $5,599 | 4.50% |
| Tahlequah, OK (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $4,747 | 4.56% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $4,343 | 4.54% |
| TWIN FALLS, ID (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $9,375 | 5.50% |
| MONROE, LA (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $5,532 | 4.50% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,001 | 3.38% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $5,918 | 3.50% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $9,462 | 5.63% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $21,189 | 4.63% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,789 | 3.75% |
| Muskogee, OK (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $5,999 | 4.42% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $7,853 | 3.88% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,036 | 4.13% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,420 | 3.75% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,129 | 4.44% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,330 | 4.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,324 | 4.38% |
| Winfield, KS (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $13,679 | 4.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,138 | 3.63% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,090 | 4.63% |
| DuBois, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,201 | 3.25% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,973 | 4.13% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,293 | 3.50% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $11,153 | 4.00% |
| Pullman, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,325 | 3.50% |
| Harrison, AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,397 | 3.63% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,082 | 5.75% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,447 | 5.63% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,020 | 3.88% |
| Indiana, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,915 | 4.75% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,217 | 4.13% |
| Cedartown, GA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $4,367 | 4.13% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,130 | 3.38% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,777 | 4.38% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,969 | 4.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,123 | 4.00% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,870 | 4.63% |
| OCALA, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,051 | 4.13% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,021 | 3.63% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,981 | 4.88% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,633 | 4.50% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,839 | 5.50% |
| Shelby, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,572 | 4.75% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $4,593 | 4.56% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,052 | 3.75% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,129 | 4.88% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,406 | 3.88% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,097 | 3.25% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,398 | 4.63% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,630 | 3.75% |
| Sanford, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,093 | 4.13% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,046 | 4.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,069 | 3.63% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,866 | 4.13% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,114 | 3.63% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,580 | 4.75% |
| Hutchinson, KS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,374 | 4.38% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,116 | 4.38% |
| Wilson, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,401 | 4.13% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,187 | 3.63% |
| Ruston, LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,509 | 4.13% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,105 | 4.75% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,141 | 3.63% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,160 | 4.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,983 | 4.00% |
| Lock Haven, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,912 | 4.25% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,188 | 4.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,665 | 3.88% |
| Miami, OK (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,540 | 5.25% |
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Product Mix
For 2019, Us Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,351 originations. Their 2nd most popular type was FHA, with 877 originations.
Loan Reason
For 2019, Us Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,744 originations. The 2nd most popular reason was Refi, with 394 originations.
Loan Duration/Length
For 2019, Us Mortgage Corporation's most frequently cited loan duration was 30 Year, with 2,333 originations. The 2nd most popular length was 15 Year, with 76 originations.
Origination Fees/Closing Costs
Us Mortgage Corporation's average total fees were $6,724, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,215 originations.
Interest Rates
During 2019, Us Mortgage Corporation's average interest rate for loans was 4.33%, while their most frequently originated rate bucket for loans was 4-5%, with 1,333 originations.
Loan Sizing
2019 saw Us Mortgage Corporation place emphasis on $200k-400k loans with 1,088 originations, totaling $303,000,000 in origination value.
Applicant Income
Us Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 640 originations. The second most popular income band? $50k or less, with 518 originations.
Applicant Debt to Income Ratio
Us Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 340 originations. The next most common DTI ratio? 20-30%, with 319 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.24%
Us Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination73.69%
Us Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,467 | $602,495,000 | $244,222 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 57 | $7,875,000 | $138,158 |
| Single Family (1-4 Units):Site-Built | 2,410 | $594,620,000 | $246,730 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| US Mortgage Resolution LLC | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| US Mortgage Resolution LLC | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 50.0% |