Ditech Financial Llc

FORT WASHINGTON, PA 19034

LEI: 5493003KZFGGEWCRH554

Tax ID: 41-1795868

2019 Data | 2018 Data


Jump to:

  • Originations
  • Product Mix
  • Loan Reason
  • Top Markets
  • Typical Rates
  • Loan Sizes
  • Loan to Value Info
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees
  • Dwelling Types

    • Overview

    Ditech Financial Llc is a small mortgage company specializing in Refi and Cash Out Refi loans. Ditech Financial Llc has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Riverside, Phoenix, San Diego, Los Angeles, and Denver among others. They have an average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Ditech Financial Llc is typically a low fee medium-low fee lendor.


    Originations

    17,579

    Origination Dollar Volume (All Markets)

    $3,837,375,000

    Product Mix

    Loan Type Originations Total Value Average Loan
    Conventional 10,390 $2,063,570,000 $198,611
    FHA 4,939 $1,127,905,000 $228,367
    VA 2,183 $634,225,000 $290,529
    USDA 67 $11,675,000 $174,254

    Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

    Loan Reason

    Loan Reason Originations Total Value Average Loan
    Home Purchase 2,181 $565,125,000 $259,113
    Home Improvement 131 $32,705,000 $249,656
    Other 54 $7,230,000 $133,889
    NA 1 $215,000 $215,000
    Refi 6,942 $1,523,450,000 $219,454
    Cash Out Refi 8,270 $1,708,650,000 $206,608

    Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

    Top Markets

    Market Originations Total Value Average Loan
    Outside of Metro Areas 1,332 $207,150,000 $155,518
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 555 $158,995,000 $286,477
    PHOENIX-MESA-CHANDLER, AZ 659 $154,255,000 $234,074
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA 359 $149,625,000 $416,783
    LOS ANGELES-LONG BEACH-GLENDALE, CA 402 $142,920,000 $355,522
    DENVER-AURORA-LAKEWOOD, CO 371 $109,115,000 $294,111
    CHICAGO-NAPERVILLE-EVANSTON, IL 444 $95,890,000 $215,968
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 509 $90,695,000 $178,183
    SACRAMENTO-ROSEVILLE-FOLSOM, CA 274 $83,250,000 $303,832
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 289 $82,315,000 $284,827
    MILWAUKEE-WAUKESHA, WI 299 $68,565,000 $229,314
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 283 $59,835,000 $211,431
    CAMBRIDGE-NEWTON-FRAMINGHAM, MA 179 $54,515,000 $304,553
    OAKLAND-BERKELEY-LIVERMORE, CA 144 $54,020,000 $375,139
    BOSTON, MA 168 $53,730,000 $319,821
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX 301 $52,195,000 $173,405
    SEATTLE-BELLEVUE-KENT, WA 153 $50,755,000 $331,732
    LAS VEGAS-HENDERSON-PARADISE, NV 237 $49,805,000 $210,148
    ANAHEIM-SANTA ANA-IRVINE, CA 125 $47,905,000 $383,240
    WARREN-TROY-FARMINGTON HILLS, MI 273 $45,905,000 $168,150
    DALLAS-PLANO-IRVING, TX 232 $45,480,000 $196,034
    TAMPA-ST. PETERSBURG-CLEARWATER, FL 237 $39,405,000 $166,266
    AUSTIN-ROUND ROCK-GEORGETOWN, TX 162 $39,210,000 $242,037
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA 146 $37,710,000 $258,288
    INDIANAPOLIS-CARMEL-ANDERSON, IN 228 $37,350,000 $163,816
    NEW BRUNSWICK-LAKEWOOD, NJ 142 $35,510,000 $250,070
    ST. LOUIS, MO-IL 201 $34,925,000 $173,756
    ORLANDO-KISSIMMEE-SANFORD, FL 180 $34,150,000 $189,722
    MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 144 $33,790,000 $234,653
    FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 145 $33,025,000 $227,759
    PROVIDENCE-WARWICK, RI-MA 134 $33,010,000 $246,343
    MIAMI-MIAMI BEACH-KENDALL, FL 146 $32,610,000 $223,356
    CHARLOTTE-CONCORD-GASTONIA, NC-SC 191 $32,415,000 $169,712
    BALTIMORE-COLUMBIA-TOWSON, MD 132 $30,380,000 $230,152
    WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 127 $29,235,000 $230,197
    OXNARD-THOUSAND OAKS-VENTURA, CA 73 $28,305,000 $387,740
    WORCESTER, MA-CT 127 $27,405,000 $215,787
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA 65 $26,475,000 $407,308
    FORT WORTH-ARLINGTON-GRAPEVINE, TX 132 $24,860,000 $188,333
    NEWARK, NJ-PA 97 $24,285,000 $250,361
    TACOMA-LAKEWOOD, WA 89 $23,945,000 $269,045
    STOCKTON, CA 89 $23,725,000 $266,573
    PHILADELPHIA, PA 125 $22,635,000 $181,080
    JACKSONVILLE, FL 122 $22,190,000 $181,885
    COLORADO SPRINGS, CO 88 $21,860,000 $248,409
    SALT LAKE CITY, UT 83 $21,395,000 $257,771
    KANSAS CITY, MO-KS 126 $21,310,000 $169,127
    NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 68 $20,280,000 $298,235
    SAN ANTONIO-NEW BRAUNFELS, TX 114 $19,120,000 $167,719
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 87 $18,935,000 $217,644
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 95 $18,585,000 $195,632
    MODESTO, CA 74 $18,570,000 $250,946
    COLUMBUS, OH 103 $18,285,000 $177,524
    OGDEN-CLEARFIELD, UT 69 $17,775,000 $257,609
    VALLEJO, CA 58 $17,620,000 $303,793
    RICHMOND, VA 81 $17,615,000 $217,469
    LAKE COUNTY-KENOSHA COUNTY, IL-WI 74 $17,550,000 $237,162
    FREDERICK-GAITHERSBURG-ROCKVILLE, MD 60 $17,530,000 $292,167
    TUCSON, AZ 95 $17,415,000 $183,316
    CHARLESTON-NORTH CHARLESTON, SC 82 $17,240,000 $210,244
    CAMDEN, NJ 89 $15,955,000 $179,270
    FRESNO, CA 74 $15,910,000 $215,000
    DETROIT-DEARBORN-LIVONIA, MI 113 $15,525,000 $137,389
    ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 65 $15,345,000 $236,077
    SANTA ROSA-PETALUMA, CA 36 $13,480,000 $374,444
    LOUISVILLE/JEFFERSON COUNTY, KY-IN 83 $13,415,000 $161,627
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 72 $12,870,000 $178,750
    MANCHESTER-NASHUA, NH 50 $12,870,000 $257,400
    CINCINNATI, OH-KY-IN 83 $12,565,000 $151,386
    REDDING, CA 53 $12,015,000 $226,698
    RALEIGH-CARY, NC 68 $11,620,000 $170,882
    BAKERSFIELD, CA 61 $11,595,000 $190,082
    BOISE CITY, ID 61 $11,595,000 $190,082
    ELGIN, IL 52 $11,400,000 $219,231
    PITTSBURGH, PA 85 $11,385,000 $133,941
    RENO, NV 42 $11,330,000 $269,762
    NORTH PORT-SARASOTA-BRADENTON, FL 58 $11,190,000 $192,931
    PORT ST. LUCIE, FL 54 $11,110,000 $205,741
    PROVO-OREM, UT 42 $10,990,000 $261,667
    BRIDGEPORT-STAMFORD-NORWALK, CT 36 $10,960,000 $304,444
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 49 $10,945,000 $223,367
    GREELEY, CO 41 $10,565,000 $257,683
    CAPE CORAL-FORT MYERS, FL 53 $9,995,000 $188,585
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 62 $9,740,000 $157,097
    BIRMINGHAM-HOOVER, AL 61 $9,735,000 $159,590
    WILMINGTON, DE-MD-NJ 48 $9,380,000 $195,417
    LAKELAND-WINTER HAVEN, FL 52 $9,190,000 $176,731
    PRESCOTT VALLEY-PRESCOTT, AZ 40 $9,070,000 $226,750
    NEW HAVEN-MILFORD, CT 48 $9,000,000 $187,500
    PORTLAND-SOUTH PORTLAND, ME 41 $8,865,000 $216,220
    NEW ORLEANS-METAIRIE, LA 54 $8,780,000 $162,593
    GREENVILLE-ANDERSON, SC 54 $8,560,000 $158,519
    GARY, IN 50 $8,170,000 $163,400
    CLEVELAND-ELYRIA, OH 62 $8,090,000 $130,484
    SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 20 $8,040,000 $402,000
    MADISON, WI 30 $7,950,000 $265,000
    GREENSBORO-HIGH POINT, NC 52 $7,870,000 $151,346
    ALBUQUERQUE, NM 45 $7,615,000 $169,222
    SALINAS, CA 21 $7,345,000 $349,762
    ROANOKE, VA 40 $7,290,000 $182,250
    MEMPHIS, TN-MS-AR 52 $7,050,000 $135,577
    MERCED, CA 28 $7,040,000 $251,429
    MONROE, LA 51 $7,015,000 $137,549
    PALM BAY-MELBOURNE-TITUSVILLE, FL 37 $6,875,000 $185,811
    BARNSTABLE TOWN, MA 25 $6,525,000 $261,000
    AUBURN-OPELIKA, AL 27 $6,485,000 $240,185
    RACINE, WI 30 $6,420,000 $214,000
    FORT COLLINS, CO 26 $6,390,000 $245,769
    SALEM, OR 26 $6,240,000 $240,000
    GRAND RAPIDS-KENTWOOD, MI 42 $6,200,000 $147,619
    SPRINGFIELD, MA 32 $6,150,000 $192,188
    SANTA MARIA-SANTA BARBARA, CA 18 $6,110,000 $339,444
    MONTGOMERY, AL 32 $5,870,000 $183,438
    PENSACOLA-FERRY PASS-BRENT, FL 32 $5,770,000 $180,313
    URBAN HONOLULU, HI 14 $5,730,000 $409,286
    SALISBURY, MD-DE 29 $5,605,000 $193,276
    OLYMPIA-LACEY-TUMWATER, WA 20 $5,520,000 $276,000
    NAPLES-MARCO ISLAND, FL 22 $5,440,000 $247,273
    ANN ARBOR, MI 35 $5,365,000 $153,286
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 25 $5,095,000 $203,800
    LANSING-EAST LANSING, MI 39 $5,085,000 $130,385
    SPOKANE-SPOKANE VALLEY, WA 27 $4,985,000 $184,630
    YUBA CITY, CA 20 $4,980,000 $249,000
    YORK-HANOVER, PA 26 $4,880,000 $187,692
    LAKE HAVASU CITY-KINGMAN, AZ 25 $4,855,000 $194,200
    BATON ROUGE, LA 27 $4,845,000 $179,444
    CHICO, CA 19 $4,765,000 $250,789
    BOULDER, CO 15 $4,725,000 $315,000
    DES MOINES-WEST DES MOINES, IA 29 $4,685,000 $161,552
    GAINESVILLE, FL 28 $4,550,000 $162,500
    TULSA, OK 34 $4,500,000 $132,353
    SAN LUIS OBISPO-PASO ROBLES, CA 12 $4,360,000 $363,333
    OKLAHOMA CITY, OK 29 $4,295,000 $148,103
    DURHAM-CHAPEL HILL, NC 29 $4,265,000 $147,069
    VISALIA, CA 24 $4,230,000 $176,250
    MADERA, CA 18 $4,180,000 $232,222
    READING, PA 24 $4,160,000 $173,333
    WILMINGTON, NC 22 $4,080,000 $185,455
    ASHEVILLE, NC 22 $4,050,000 $184,091
    SAVANNAH, GA 26 $4,000,000 $153,846
    FLINT, MI 31 $3,985,000 $128,548
    BREMERTON-SILVERDALE-PORT ORCHARD, WA 16 $3,980,000 $248,750
    EUGENE-SPRINGFIELD, OR 17 $3,865,000 $227,353
    DAYTON-KETTERING, OH 25 $3,825,000 $153,000
    NAPA, CA 9 $3,725,000 $413,889
    MCALLEN-EDINBURG-MISSION, TX 30 $3,650,000 $121,667
    AKRON, OH 20 $3,540,000 $177,000
    YUMA, AZ 22 $3,430,000 $155,909
    MEDFORD, OR 14 $3,410,000 $243,571
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 18 $3,380,000 $187,778
    KNOXVILLE, TN 19 $3,335,000 $175,526
    SPARTANBURG, SC 22 $3,270,000 $148,636
    WINSTON-SALEM, NC 25 $3,255,000 $130,200
    SHEBOYGAN, WI 14 $3,250,000 $232,143
    BEND, OR 14 $3,220,000 $230,000
    ANCHORAGE, AK 12 $3,200,000 $266,667
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 17 $3,155,000 $185,588
    SOUTH BEND-MISHAWAKA, IN-MI 21 $3,105,000 $147,857
    LYNCHBURG, VA 19 $3,095,000 $162,895
    KENNEWICK-RICHLAND, WA 16 $3,090,000 $193,125
    OCEAN CITY, NJ 11 $3,055,000 $277,727
    WICHITA, KS 29 $3,055,000 $105,345
    COLUMBIA, SC 21 $3,025,000 $144,048
    HARRISBURG-CARLISLE, PA 18 $3,010,000 $167,222
    LONGVIEW, TX 18 $2,980,000 $165,556
    ST. GEORGE, UT 11 $2,895,000 $263,182
    TALLAHASSEE, FL 15 $2,845,000 $189,667
    ST. CLOUD, MN 15 $2,835,000 $189,000
    YAKIMA, WA 13 $2,835,000 $218,077
    FAYETTEVILLE, NC 21 $2,835,000 $135,000
    LEXINGTON-FAYETTE, KY 20 $2,800,000 $140,000
    COLUMBUS, GA-AL 20 $2,790,000 $139,500
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 20 $2,780,000 $139,000
    OMAHA-COUNCIL BLUFFS, NE-IA 22 $2,770,000 $125,909
    AUGUSTA-RICHMOND COUNTY, GA-SC 24 $2,770,000 $115,417
    JACKSON, MS 19 $2,735,000 $143,947
    CHATTANOOGA, TN-GA 22 $2,690,000 $122,273
    OCALA, FL 14 $2,660,000 $190,000
    CAPE GIRARDEAU, MO-IL 13 $2,655,000 $204,231
    PUNTA GORDA, FL 15 $2,615,000 $174,333
    STAUNTON, VA 13 $2,535,000 $195,000
    MIDLAND, TX 11 $2,535,000 $230,455
    LAFAYETTE, LA 16 $2,440,000 $152,500
    KILLEEN-TEMPLE, TX 25 $2,425,000 $97,000
    KAHULUI-WAILUKU-LAHAINA, HI 9 $2,425,000 $269,444
    BELLINGHAM, WA 8 $2,390,000 $298,750
    LANCASTER, PA 13 $2,365,000 $181,923
    BURLINGTON, NC 14 $2,360,000 $168,571
    MOBILE, AL 20 $2,360,000 $118,000
    LUBBOCK, TX 15 $2,355,000 $157,000
    LONGVIEW, WA 11 $2,335,000 $212,273
    CALIFORNIA-LEXINGTON PARK, MD 8 $2,310,000 $288,750
    ATLANTIC CITY-HAMMONTON, NJ 13 $2,305,000 $177,308
    TOLEDO, OH 16 $2,300,000 $143,750
    EAST STROUDSBURG, PA 14 $2,240,000 $160,000
    FORT WAYNE, IN 17 $2,205,000 $129,706
    FLAGSTAFF, AZ 10 $2,160,000 $216,000
    SAN RAFAEL, CA 5 $2,155,000 $431,000
    HICKORY-LENOIR-MORGANTON, NC 20 $2,150,000 $107,500
    WINCHESTER, VA-WV 10 $2,150,000 $215,000
    NORWICH-NEW LONDON, CT 11 $2,135,000 $194,091
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 16 $2,110,000 $131,875
    SPRINGFIELD, MO 17 $2,105,000 $123,824
    DOVER, DE 11 $2,095,000 $190,455
    WARNER ROBINS, GA 14 $2,060,000 $147,143
    CANTON-MASSILLON, OH 17 $2,045,000 $120,294
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR 12 $2,040,000 $170,000
    PUEBLO, CO 13 $2,025,000 $155,769
    HANFORD-CORCORAN, CA 11 $1,985,000 $180,455
    ABILENE, TX 10 $1,980,000 $198,000
    JACKSON, MI 15 $1,975,000 $131,667
    HUNTSVILLE, AL 16 $1,940,000 $121,250
    EL PASO, TX 17 $1,915,000 $112,647
    TYLER, TX 11 $1,835,000 $166,818
    CORPUS CHRISTI, TX 12 $1,810,000 $150,833
    FOND DU LAC, WI 11 $1,745,000 $158,636
    GAINESVILLE, GA 13 $1,745,000 $134,231
    BILLINGS, MT 8 $1,720,000 $215,000
    SANTA FE, NM 6 $1,680,000 $280,000
    GREENVILLE, NC 11 $1,675,000 $152,273
    ATHENS-CLARKE COUNTY, GA 9 $1,615,000 $179,444
    SEBASTIAN-VERO BEACH, FL 11 $1,595,000 $145,000
    HOMOSASSA SPRINGS, FL 13 $1,565,000 $120,385
    HAGERSTOWN-MARTINSBURG, MD-WV 6 $1,530,000 $255,000
    SANTA CRUZ-WATSONVILLE, CA 4 $1,520,000 $380,000
    ROCKFORD, IL 13 $1,515,000 $116,538
    GRAND JUNCTION, CO 8 $1,510,000 $188,750
    HARRISONBURG, VA 7 $1,505,000 $215,000
    JACKSONVILLE, NC 9 $1,495,000 $166,111
    IDAHO FALLS, ID 8 $1,490,000 $186,250
    HILTON HEAD ISLAND-BLUFFTON, SC 5 $1,465,000 $293,000
    BEAUMONT-PORT ARTHUR, TX 15 $1,445,000 $96,333
    APPLETON, WI 8 $1,420,000 $177,500
    CHARLOTTESVILLE, VA 7 $1,415,000 $202,143
    TOPEKA, KS 10 $1,390,000 $139,000
    EL CENTRO, CA 8 $1,380,000 $172,500
    MONROE, MI 10 $1,380,000 $138,000
    PANAMA CITY, FL 7 $1,365,000 $195,000
    ELKHART-GOSHEN, IN 10 $1,340,000 $134,000
    DAPHNE-FAIRHOPE-FOLEY, AL 7 $1,295,000 $185,000
    LAS CRUCES, NM 8 $1,290,000 $161,250
    PEORIA, IL 10 $1,290,000 $129,000
    TRENTON-PRINCETON, NJ 6 $1,280,000 $213,333
    MUSKEGON, MI 11 $1,265,000 $115,000
    BLOOMINGTON, IN 7 $1,255,000 $179,286
    WACO, TX 9 $1,225,000 $136,111
    VINELAND-BRIDGETON, NJ 10 $1,220,000 $122,000
    ROCHESTER, MN 6 $1,210,000 $201,667
    COEUR D'ALENE, ID 4 $1,210,000 $302,500
    FLORENCE, SC 8 $1,210,000 $151,250
    RAPID CITY, SD 8 $1,160,000 $145,000
    BROWNSVILLE-HARLINGEN, TX 9 $1,155,000 $128,333
    GADSDEN, AL 7 $1,145,000 $163,571
    LAFAYETTE-WEST LAFAYETTE, IN 10 $1,130,000 $113,000
    MICHIGAN CITY-LA PORTE, IN 8 $1,090,000 $136,250
    SCRANTON--WILKES-BARRE, PA 12 $1,090,000 $90,833
    WENATCHEE, WA 7 $1,075,000 $153,571
    KINGSPORT-BRISTOL, TN-VA 9 $1,055,000 $117,222
    NILES, MI 8 $1,030,000 $128,750
    BURLINGTON-SOUTH BURLINGTON, VT 5 $975,000 $195,000
    SYRACUSE, NY 7 $965,000 $137,857
    MUNCIE, IN 8 $960,000 $120,000
    SAN ANGELO, TX 6 $930,000 $155,000
    LAREDO, TX 6 $930,000 $155,000
    HATTIESBURG, MS 10 $920,000 $92,000
    JONESBORO, AR 8 $920,000 $115,000
    NEW BERN, NC 7 $895,000 $127,857
    TWIN FALLS, ID 6 $890,000 $148,333
    GULFPORT-BILOXI, MS 8 $890,000 $111,250
    CARSON CITY, NV 5 $885,000 $177,000
    SIERRA VISTA-DOUGLAS, AZ 6 $880,000 $146,667
    LAWRENCE, KS 7 $875,000 $125,000
    MORRISTOWN, TN 5 $875,000 $175,000
    COLUMBUS, IN 5 $875,000 $175,000
    JOHNSON CITY, TN 5 $875,000 $175,000
    AMARILLO, TX 7 $865,000 $123,571
    SAGINAW, MI 7 $865,000 $123,571
    LINCOLN, NE 6 $860,000 $143,333
    EVANSVILLE, IN-KY 7 $855,000 $122,143
    CASPER, WY 3 $855,000 $285,000
    FARGO, ND-MN 5 $855,000 $171,000
    GREEN BAY, WI 5 $855,000 $171,000
    THE VILLAGES, FL 5 $845,000 $169,000
    GETTYSBURG, PA 4 $840,000 $210,000
    JANESVILLE-BELOIT, WI 6 $820,000 $136,667
    MACON-BIBB COUNTY, GA 8 $820,000 $102,500
    DULUTH, MN-WI 6 $820,000 $136,667
    HUNTINGTON-ASHLAND, WV-KY-OH 6 $820,000 $136,667
    COLUMBIA, MO 5 $815,000 $163,000
    GREAT FALLS, MT 6 $810,000 $135,000
    CORVALLIS, OR 3 $805,000 $268,333
    SHERMAN-DENISON, TX 6 $800,000 $133,333
    ALBANY, GA 9 $785,000 $87,222
    HINESVILLE, GA 5 $785,000 $157,000
    CEDAR RAPIDS, IA 5 $785,000 $157,000
    MOUNT VERNON-ANACORTES, WA 5 $775,000 $155,000
    SHREVEPORT-BOSSIER CITY, LA 6 $760,000 $126,667
    CLARKSVILLE, TN-KY 6 $760,000 $126,667
    WILLIAMSPORT, PA 5 $745,000 $149,000
    VALDOSTA, GA 5 $725,000 $145,000
    KALAMAZOO-PORTAGE, MI 7 $725,000 $103,571
    LEBANON, PA 4 $700,000 $175,000
    KANKAKEE, IL 3 $685,000 $228,333
    TUSCALOOSA, AL 6 $680,000 $113,333
    JOPLIN, MO 8 $670,000 $83,750
    POCATELLO, ID 3 $665,000 $221,667
    BLACKSBURG-CHRISTIANSBURG, VA 4 $660,000 $165,000
    LEWISTON-AUBURN, ME 4 $660,000 $165,000
    ALBANY-LEBANON, OR 3 $655,000 $218,333
    JACKSON, TN 6 $650,000 $108,333
    IOWA CITY, IA 4 $650,000 $162,500
    CHEYENNE, WY 4 $650,000 $162,500
    ODESSA, TX 3 $645,000 $215,000
    FLORENCE-MUSCLE SHOALS, AL 5 $645,000 $129,000
    HOUMA-THIBODAUX, LA 7 $625,000 $89,286
    LOGAN, UT-ID 4 $620,000 $155,000
    DECATUR, AL 8 $610,000 $76,250
    BATTLE CREEK, MI 5 $605,000 $121,000
    SIOUX FALLS, SD 2 $590,000 $295,000
    DOTHAN, AL 3 $585,000 $195,000
    ANNISTON-OXFORD, AL 5 $575,000 $115,000
    TERRE HAUTE, IN 6 $560,000 $93,333
    ERIE, PA 6 $530,000 $88,333
    PITTSFIELD, MA 3 $525,000 $175,000
    BOWLING GREEN, KY 4 $520,000 $130,000
    COLLEGE STATION-BRYAN, TX 4 $520,000 $130,000
    BANGOR, ME 5 $515,000 $103,000
    WAUSAU-WESTON, WI 3 $515,000 $171,667
    DUBUQUE, IA 4 $510,000 $127,500
    HOT SPRINGS, AR 4 $460,000 $115,000
    LAWTON, OK 6 $460,000 $76,667
    WALLA WALLA, WA 2 $460,000 $230,000
    LEWISTON, ID-WA 3 $455,000 $151,667
    SPRINGFIELD, OH 5 $455,000 $91,000
    SEBRING-AVON PARK, FL 3 $445,000 $148,333
    FORT SMITH, AR-OK 4 $440,000 $110,000
    SUMTER, SC 4 $440,000 $110,000
    WHEELING, WV-OH 3 $435,000 $145,000
    MISSOULA, MT 3 $425,000 $141,667
    EAU CLAIRE, WI 3 $425,000 $141,667
    OSHKOSH-NEENAH, WI 3 $415,000 $138,333
    PINE BLUFF, AR 4 $410,000 $102,500
    SIOUX CITY, IA-NE-SD 3 $405,000 $135,000
    WICHITA FALLS, TX 4 $400,000 $100,000
    CLEVELAND, TN 2 $380,000 $190,000
    LAKE CHARLES, LA 3 $375,000 $125,000
    ROME, GA 3 $375,000 $125,000
    CARBONDALE-MARION, IL 3 $365,000 $121,667
    ELIZABETHTOWN-FORT KNOX, KY 2 $340,000 $170,000
    ROCKY MOUNT, NC 5 $335,000 $67,000
    GRANTS PASS, OR 2 $330,000 $165,000
    DECATUR, IL 2 $330,000 $165,000
    UTICA-ROME, NY 1 $325,000 $325,000
    TEXARKANA, TX-AR 3 $325,000 $108,333
    CHAMBERSBURG-WAYNESBORO, PA 3 $275,000 $91,667
    AMES, IA 2 $270,000 $135,000
    STATE COLLEGE, PA 2 $270,000 $135,000
    CUMBERLAND, MD-WV 2 $260,000 $130,000
    VICTORIA, TX 2 $260,000 $130,000
    BLOOMINGTON, IL 3 $255,000 $85,000
    BLOOMSBURG-BERWICK, PA 3 $255,000 $85,000
    ST. JOSEPH, MO-KS 2 $230,000 $115,000
    BAY CITY, MI 3 $225,000 $75,000
    LA CROSSE-ONALASKA, WI-MN 1 $225,000 $225,000
    ALTOONA, PA 1 $215,000 $215,000
    MANKATO, MN 1 $215,000 $215,000
    BRUNSWICK, GA 2 $210,000 $105,000
    BISMARCK, ND 2 $210,000 $105,000
    MANSFIELD, OH 2 $200,000 $100,000
    WATERLOO-CEDAR FALLS, IA 2 $200,000 $100,000
    CHAMPAIGN-URBANA, IL 2 $200,000 $100,000
    DALTON, GA 2 $200,000 $100,000
    OWENSBORO, KY 1 $195,000 $195,000
    GOLDSBORO, NC 1 $165,000 $165,000
    ALEXANDRIA, LA 2 $150,000 $75,000
    JEFFERSON CITY, MO 1 $145,000 $145,000
    KOKOMO, IN 2 $140,000 $70,000
    GRAND FORKS, ND-MN 1 $125,000 $125,000
    GRAND ISLAND, NE 1 $115,000 $115,000
    DANVILLE, IL 2 $70,000 $35,000
    SPRINGFIELD, IL 1 $45,000 $45,000
    FARMINGTON, NM 1 $45,000 $45,000

    Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

    Interest Rate & Spreads

    Loan Rate Originations Total Value Average Loan
    2.5-3% 59 $14,445,000 $244,831
    3-4% 6,871 $1,647,755,000 $239,813
    4-5% 8,636 $1,749,660,000 $202,601
    5-6% 1,537 $282,965,000 $184,102
    6-7% 43 $8,435,000 $196,163
    Over 8% 433 $134,115,000 $309,734

    Loan Sizing

    Loan Size Originations Total Value Average Loan
    $100,000 or less 2,464 $176,590,000 $71,668
    $100k-200k 6,595 $993,515,000 $150,647
    $200k-400k 7,092 $1,961,490,000 $276,578
    $400k-600k 1,240 $577,600,000 $465,806
    $600k-1000k 187 $126,905,000 $678,636
    $Over $1MM 1 $1,275,000 $1,275,000

    Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    20-40% 949 $121,765,000 $128,309
    40-60% 2,854 $510,200,000 $178,767
    60-80% 6,474 $1,369,490,000 $211,537
    80-100% 6,987 $1,766,505,000 $252,827
    Over 100% 170 $54,140,000 $318,471
    Under 20% 133 $13,375,000 $100,564

    LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

    Applicant Income

    Applicant Income Originations Total Value Average Loan
    $100k-150k 2,740 $745,250,000 $271,989
    $150k-250k 1,351 $428,715,000 $317,332
    $50k-75k 3,270 $582,730,000 $178,205
    $50k-or less 7,040 $1,284,860,000 $182,509
    $75k-100k 2,463 $550,755,000 $223,611
    $Over $250k 271 $90,125,000 $332,565

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan
    White 12,554 $2,711,220,000 $215,965
    Not provided 2,340 $553,960,000 $236,735
    Black 1,791 $344,995,000 $192,627
    Asian 582 $157,740,000 $271,031
    American Indian 203 $39,855,000 $196,330
    Native Hawaiian 49 $14,065,000 $287,041
    Filipino 23 $6,505,000 $282,826
    Asian Indian 12 $3,320,000 $276,667
    Other Pacific Islander 8 $1,930,000 $241,250
    Vietnamese 5 $1,085,000 $217,000
    Other Asian 3 $965,000 $321,667
    Chinese 4 $690,000 $172,500
    2 $410,000 $205,000
    Korean 2 $380,000 $190,000
    Samoan 1 $255,000 $255,000

    Approval Rates

    Total approvals of all applications
    80.40%

    A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

    Pick Rate

    Approvals leading to origination
    3.39%

    A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 17,579 $3,837,375,000 $218,293

    Origination Fees

    Origination Fee Originations Total Value Average Loan
    $<1k 7,488 $1,853,250,000 $247,496
    $1k-2k 4,664 $819,450,000 $175,697
    $2k-3k 2,843 $511,195,000 $179,808
    $3k-4k 1,828 $400,310,000 $218,988
    $5k+ 744 $251,270,000 $337,728

    Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 407 $53,435,000 $131,290
    Single Family (1-4 Units):Site-Built 17,172 $3,783,940,000 $220,355