Family Finance Mortgage Rates, Fees & Info

Arnold, MO

LEI: 5493004G43JM6M5BFR40

Tax ID: 32-0029618

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Family Finance Mortgage is a smaller mortgage company specializing in Home Purchase loans. Family Finance Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Farmington, Denver, Kansas City, and Branson among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Family Finance Mortgage has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Family Finance Mortgage 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.27% 11/17/24
    30 Year Conventional Refi 6.27% 11/17/24
    30 Year Cash-out Refi 6.27% 11/17/24
    30 Year FHA Purchase 6.27% 11/17/24
    30 Year FHA Refi 6.27% 11/17/24
    30 Year VA Purchase 6.27% 11/17/24
    30 Year VA Refi 6.27% 11/17/24
    30 Year USDA Purchase 6.27% 11/17/24
    15 Year Conventional Purchase 5.68% 11/17/24
    15 Year Conventional Refi 5.68% 11/17/24
    15 Year Cash-out Refi 5.68% 11/17/24
    15 Year VA Purchase 5.68% 11/17/24
    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.

    Family Finance Mortgage Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Family Finance Mortgage. 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

    156

    Origination Dollar Volume (All Markets)

    $31,580,000

    Awards

    FAMILY FINANCE MORTGAGE VA Loans gold FAMILY FINANCE MORTGAGE USDA Loans gold FAMILY FINANCE MORTGAGE VA Loans gold
    Show all (3) awards

    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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 138 $28,360,000 $205,507 $2,727 4.91%
    Outside of Metro Areas 8 $1,460,000 $182,500 $2,573 4.94%
    Farmington, MO (FHA|USDA|VA) 5 $725,000 $145,000 $1,880 4.98%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $610,000 $305,000 $4,320 5.19%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $310,000 $155,000 $2,223 4.38%
    Branson, MO (FHA|USDA|VA) 1 $115,000 $115,000 $2,232 5.13%
    Family Finance Mortgage's top markets include St. Louis, Farmington, Denver, Kansas City, and Branson among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against FAMILY FINANCE MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Ozarks Federal Savings and Loan Association
    Similarity Rank: 100
    Community Bank of Trenton
    Similarity Rank: 108
    First National Bank of Waterloo
    Similarity Rank: 200
    RELIANCE BANK
    Similarity Rank: 238
    CapGrow Home Mortgage, LLC
    Similarity Rank: 272
    JERSEY STATE BANK
    Similarity Rank: 354
    Farmers and Merchants Bank of St. Clair
    Similarity Rank: 408
    United Bank of Union
    Similarity Rank: 415
    HNB National Bank
    Similarity Rank: 576
    Bank of Hillsboro
    Similarity Rank: 679

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 118 $24,450,000 $207,203 $2,687 4.97%
    VA 23 $5,205,000 $226,304 $3,706 4.66%
    USDA 15 $1,925,000 $128,333 $1,283 4.82%

    For 2018, Family Finance Mortgage's most frequently originated type of loan was Conventional, with 118 originations. Their 2nd most popular type was VA, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 112 $21,720,000 $193,929 $2,705 4.96%
    Cash Out Refi 23 $4,635,000 $201,522 $3,139 5.00%
    Refi 21 $5,225,000 $248,810 $2,214 4.55%

    For 2018, Family Finance Mortgage's most frequently cited loan purpose was Home Purchase, with 112 originations. The 2nd most popular reason was Cash Out Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 142 $28,270,000 $199,085 $2,646 4.97%
    15 Year 7 $1,565,000 $223,571 $1,980 4.17%
    Other 4 $1,190,000 $297,500 $6,302 4.13%
    20 Year 3 $555,000 $185,000 $2,233 5.00%

    For 2018, Family Finance Mortgage's most frequently cited loan duration was 30 Year, with 142 originations. The 2nd most popular length was 15 Year, with 7 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 91 $18,865,000 $207,308
    5-6% 54 $9,590,000 $177,593
    3-4% 9 $2,615,000 $290,556

    During 2018, Family Finance Mortgage's average interest rate for loans was 4.97%, while their most frequently originated rate bucket for loans was 4-5%, with 91 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 79 $11,475,000 $145,253 $2,459 4.90%
    $200k-400k 53 $14,845,000 $280,094 $3,101 4.84%
    $100,000 or less 16 $1,390,000 $86,875 $2,275 5.39%
    $400k-600k 7 $3,195,000 $456,429 $3,363 4.38%
    $600k-1MM 1 $675,000 $675,000 $3,192 5.25%

    2018 saw Family Finance Mortgage place emphasis on $100k-200k loans with 79 originations, totaling $11,475,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 50 $7,260,000 $145,200 $2,416 4.93%
    $50k-75k 39 $6,475,000 $166,026 $2,473 5.02%
    $100k-150k 22 $6,380,000 $290,000 $3,201 4.68%
    $150k-250k 21 $6,175,000 $294,048 $2,760 4.92%
    $75k-100k 20 $4,340,000 $217,000 $3,268 4.89%
    $250k+ 4 $950,000 $237,500 $2,919 4.84%

    Family Finance Mortgage lent most frequently to those with incomes in the $50k or less range, with 50 originations. The second most popular income band? $50k-75k, with 39 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 39 $7,425,000 $190,385 $2,782 4.82%
    30-36% 31 $6,305,000 $203,387 $2,453 4.93%
    <20% 9 $1,515,000 $168,333 $2,640 5.03%
    39% 8 $1,420,000 $177,500 $2,148 4.97%
    40% 8 $1,070,000 $133,750 $1,917 4.91%
    45% 7 $1,335,000 $190,714 $2,650 5.02%
    50-60% 6 $1,610,000 $268,333 $4,626 4.60%
    41% 6 $1,360,000 $226,667 $2,476 4.73%
    47% 6 $1,610,000 $268,333 $2,528 4.85%
    37% 5 $955,000 $191,000 $2,234 5.05%
    36% 5 $945,000 $189,000 $2,451 5.09%
    44% 5 $1,025,000 $205,000 $3,481 5.00%
    49% 4 $1,260,000 $315,000 $3,761 4.99%
    43% 4 $790,000 $197,500 $2,606 5.38%
    38% 4 $390,000 $97,500 $3,223 5.31%
    42% 2 $330,000 $165,000 $2,324 4.75%
    48% 2 $330,000 $165,000 $3,605 4.81%

    Family Finance Mortgage lent most frequently to those with DTI ratios of 20-30%, with 39 originations. The next most common DTI ratio? 30-36%, with 31 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 147 $29,545,000 $200,986 $2,704 4.90%
    Black 6 $1,420,000 $236,667 $2,401 5.02%
    Not provided 2 $500,000 $250,000 $3,244 5.38%
    Asian 1 $115,000 $115,000 $3,254 5.13%

    Approval Rates

    Total approvals of all applications
    98.80%

    Family Finance Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    94.87%

    Family Finance Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 156 $31,580,000 $202,436

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 156 $31,580,000 $202,436

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 6 $950,000 $158,333 $2,443 4.62%
    60-80% 36 $7,510,000 $208,611 $2,888 4.97%
    80-100% 105 $21,395,000 $203,762 $2,547 4.92%
    Over 100% 6 $1,030,000 $171,667 $4,676 4.77%
    Under 20% 1 $185,000 $185,000 $2,064 3.99%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Family First Funding LLC Conventional home mortgage Closing on a mortgage 1 100.0%