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, Refi, and Cash Out Refi loans. Corporate America Family has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Washington, Phoenix, Dallas, and Atlanta among others. We have data for 56 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 a low 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 | 6.44% | 5/4/24 |
| 30 Year Conventional Refi | 6.44% | 5/4/24 |
| 30 Year Cash-out Refi | 6.12% | 5/4/24 |
| 15 Year Conventional Purchase | 6.15% | 5/4/24 |
| 15 Year Conventional Refi | 6.03% | 5/4/24 |
| 15 Year Cash-out Refi | 6.03% | 5/4/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
228Origination Dollar Volume (All Markets)
$37,460,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 98 | $13,930,000 | $142,143 | $2,712 | 3.88% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 13 | $3,725,000 | $286,538 | $3,707 | 3.14% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 13 | $2,415,000 | $185,769 | $2,460 | 3.62% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 11 | $1,495,000 | $135,909 | $2,196 | 3.92% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $1,220,000 | $152,500 | $3,068 | 3.91% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 8 | $1,180,000 | $147,500 | $2,332 | 3.54% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $5,855 | 3.33% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $3,925 | 3.19% |
| Sayre, PA (FHA|USDA|VA) | 5 | $575,000 | $115,000 | $3,285 | 3.05% |
| Marion, OH (FHA|USDA|VA) | 7 | $575,000 | $82,143 | $2,125 | 3.80% |
| Outside of Metro Areas | 5 | $565,000 | $113,000 | $3,393 | 3.18% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $2,822 | 2.94% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $7,460 | 3.38% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $2,449 | 3.67% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,392 | 3.38% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $7,834 | 2.88% |
| NILES, MI (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,603 | 2.63% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,587 | 3.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,739 | 3.50% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,019 | 2.88% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,808 | 4.13% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,733 | 2.88% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,945 | 3.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,682 | 2.81% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $7,236 | 3.38% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,067 | 3.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,093 | 3.50% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,824 | 3.75% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $4,357 | 2.88% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,501 | 3.25% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,319 | 2.63% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,048 | 2.75% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,431 | 2.88% |
| Outside of Metro Areas | 1 | $215,000 | $215,000 | $3,012 | 3.75% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,325 | 3.50% |
| ROCKFORD, IL (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,070 | 3.38% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $1,740 | 4.24% |
| Oxford, MS (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $1,512 | 4.16% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,300 | 3.38% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,200 | 3.38% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,546 | 2.88% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,637 | 3.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,659 | 3.50% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.25% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.75% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,670 | 3.38% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,992 | 3.38% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.35% |
| Torrington, CT (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,691 | 2.88% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,082 | 2.88% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $61 | 4.25% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.90% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.90% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.60% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 5.30% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 5.25% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 228 | $37,460,000 | $164,298 | $2,840 | 3.70% |
For 2020, Corporate America Family's most frequently originated type of loan was Conventional, with 228 originations.
Loan Reason
For 2020, Corporate America Family's most frequently cited loan purpose was Home Improvement, with 71 originations. The 2nd most popular reason was Refi, with 58 originations.
Loan Duration/Length
For 2020, Corporate America Family's most frequently cited loan duration was 15 Year, with 93 originations. The 2nd most popular length was 30 Year, with 70 originations.
Origination Fees/Closing Costs
Corporate America Family's average total fees were $4,206, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 116 originations.
Interest Rates
During 2020, Corporate America Family's average interest rate for loans was 3.42%, while their most frequently originated rate bucket for loans was 3-4%, with 95 originations.
Loan Sizing
2020 saw Corporate America Family place emphasis on $100k-200k loans with 85 originations, totaling $12,445,000 in origination value.
Applicant Income
Corporate America Family lent most frequently to those with incomes in the $50k-75k range, with 54 originations. The second most popular income band? $100k-150k, with 49 originations.
Applicant Debt to Income Ratio
Corporate America Family lent most frequently to those with DTI ratios of 20-30%, with 67 originations. The next most common DTI ratio? 30-36%, with 46 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.76%
Corporate America Family has a below average approval rate.
Pick Rate
Approvals leading to origination44.30%
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 | 228 | $37,460,000 | $164,298 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 228 | $37,460,000 | $164,298 |