Corporate America Family Mortgage Rates, Fees & Info
Elgin, ILLEI: 5493003DVQUF5HAI1O03
Tax ID: 36-0760135
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Mortgage Data
Review & Overview
Corporate America Family is a smaller mortgage company specializing in Home Improvement and Home Purchase loans. Corporate America Family has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Dallas, Louisville, New York, and Washington among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)Corporate America Family has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Corporate America Family 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 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.44% | 12/16/24 |
| 30 Year Conventional Refi | 6.44% | 12/16/24 |
| 30 Year Cash-out Refi | 6.12% | 12/16/24 |
| 15 Year Conventional Purchase | 6.15% | 12/16/24 |
| 15 Year Conventional Refi | 6.03% | 12/16/24 |
| 15 Year Cash-out Refi | 6.03% | 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. | ||
Corporate America Family Mortgage Calculator
Your Estimates
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This is not an official calculator from Corporate America Family. 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
132Origination Dollar Volume (All Markets)
$14,800,000Relative Rate
Corporate America Family's average 30 year fixed mortgage rate was
6.54%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.06%.
Relative Fees (Closing Costs)
Corporate America Family's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,390.
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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 68 | $9,600,000 | $141,176 | $708 | 8.14% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $900,000 | $90,000 | $877 | 7.73% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $1,816 | 7.31% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $7,964 | 5.75% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 5 | $305,000 | $61,000 | $0 | 7.70% |
| MADISON, WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,509 | 4.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $295,000 | $59,000 | $477 | 9.25% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,232 | 6.38% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 4 | $270,000 | $67,500 | $0 | 7.50% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $0 | 8.25% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 4 | $230,000 | $57,500 | $0 | 10.44% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,120 | 7.75% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,813 | 6.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.75% |
| Outside of Metro Areas | 3 | $115,000 | $38,333 | $983 | 7.08% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 7.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.45% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.50% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.50% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 7.75% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.75% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 8.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $40,000 | $20,000 | $0 | 7.50% |
| Sayre, PA (FHA|USDA|VA) | 2 | $40,000 | $20,000 | $0 | 6.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.50% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.50% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.25% |
| Torrington, CT (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.50% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 10.50% |
| Martinsville, VA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 14.25% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 7.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against CORPORATE AMERICA FAMILY 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 132 | $14,800,000 | $112,121 | $689 | 8.13% |
For 2023, Corporate America Family's most frequently originated type of loan was Conventional, with 132 originations.
Loan Reason
For 2023, Corporate America Family's most frequently cited loan purpose was Home Improvement, with 56 originations. The 2nd most popular reason was Other, with 39 originations.
Loan Duration/Length
For 2023, Corporate America Family's most frequently cited loan duration was 10 Year, with 83 originations. The 2nd most popular length was 15 Year, with 23 originations.
Origination Fees/Closing Costs
Corporate America Family's average total fees were $5,390, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 112 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 60 | $3,320,000 | $55,333 |
| 6-7% | 31 | $6,995,000 | $225,645 |
| 7-8% | 30 | $2,300,000 | $76,667 |
| 5-6% | 10 | $1,880,000 | $188,000 |
| 4-5% | 1 | $305,000 | $305,000 |
During 2023, Corporate America Family's average interest rate for loans was 6.54%, while their most frequently originated rate bucket for loans was Over 8%, with 60 originations.
Loan Sizing
2023 saw Corporate America Family place emphasis on $100,000 or less loans with 96 originations, totaling $4,470,000 in origination value.
Applicant Income
Corporate America Family lent most frequently to those with incomes in the $100k-150k range, with 36 originations. The second most popular income band? $75k-100k, with 26 originations.
Applicant Debt to Income Ratio
Corporate America Family lent most frequently to those with DTI ratios of 20-30%, with 26 originations. The next most common DTI ratio? 30-36%, with 26 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.47%
Corporate America Family has a below average approval rate.
Pick Rate
Approvals leading to origination58.33%
Corporate America Family 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 | 132 | $14,800,000 | $112,121 |