Taylor Morrison Home Funding Mortgage Rates, Fees & Info

MAITLAND, FL

LEI: 54930057D962HC4SF615

Tax ID: 52-2337558

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

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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

    Taylor Morrison Home Funding is a smaller mortgage company specializing in Home Purchase loans. Taylor Morrison Home Funding 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 by origination volume include: Phoenix, Orlando, Austin, Houston, and Dallas among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Taylor Morrison Home Funding 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. Taylor Morrison Home Funding is typically a high 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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    Originations

    840

    Origination Dollar Volume (All Markets)

    $303,720,000
    Show all (10) 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
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 157 $54,165,000 $345,000 $7,274 4.46%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 139 $42,205,000 $303,633 $7,501 4.64%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 74 $27,690,000 $374,189 $9,617 4.43%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 73 $26,395,000 $361,575 $9,878 4.42%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 55 $24,965,000 $453,909 $9,203 4.48%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 51 $21,645,000 $424,412 $11,412 4.42%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 82 $21,380,000 $260,732 $7,722 4.61%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 32 $18,910,000 $590,938 $10,993 4.63%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 36 $11,180,000 $310,556 $7,228 4.46%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 11 $10,505,000 $955,000 $12,677 4.19%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 37 $9,745,000 $263,378 $7,312 4.71%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 25 $8,355,000 $334,200 $6,375 4.62%
    RALEIGH-CARY, NC (FHA|USDA|VA) 25 $8,325,000 $333,000 $6,686 4.59%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 13 $7,645,000 $588,077 $15,215 4.63%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 11 $3,425,000 $311,364 $6,500 4.40%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 7 $3,075,000 $439,286 $7,068 4.43%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $2,290,000 $381,667 $6,983 4.67%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,020,000 $255,000 $6,616 4.75%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $435,000 $435,000 $11,931 4.75%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $365,000 $365,000 $9,671 4.25%
    Taylor Morrison Home Funding's top markets include Phoenix, Orlando, Austin, Houston, and Dallas among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Similar Lenders

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

    SANTA CLARA COUNTY
    Similarity Rank: 20
    McCoy Federal Credit Union
    Similarity Rank: 60
    FRONTWAVE
    Similarity Rank: 92
    LBS FINANCIAL
    Similarity Rank: 210
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 216
    LA Financial Federal Credit Union
    Similarity Rank: 321
    Water and Power Community Credit Union
    Similarity Rank: 500
    Christian Community Credit Union
    Similarity Rank: 515
    SAN ANTONIO CITIZENS
    Similarity Rank: 531
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 544

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 696 $254,230,000 $365,273 $7,633 4.52%
    VA 78 $29,530,000 $378,590 $12,471 4.48%
    FHA 64 $19,400,000 $303,125 $12,366 4.59%
    USDA 2 $560,000 $280,000 $9,688 4.25%

    For 2018, Taylor Morrison Home Funding's most frequently originated type of loan was Conventional, with 696 originations. Their 2nd most popular type was VA, with 78 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 837 $302,865,000 $361,846 $8,457 4.52%
    Refi 2 $450,000 $225,000 $4,881 4.44%
    Home Improvement 1 $405,000 $405,000 $7,632 4.63%

    For 2018, Taylor Morrison Home Funding's most frequently cited loan purpose was Home Purchase, with 837 originations. The 2nd most popular reason was Refi, with 2 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 776 $285,870,000 $368,389 $8,529 4.55%
    15 Year 50 $13,760,000 $275,200 $7,554 4.13%
    20 Year 10 $2,940,000 $294,000 $7,612 4.26%
    10 Year 3 $905,000 $301,667 $5,736 3.83%
    Other 1 $245,000 $245,000 $6,684 4.88%

    For 2018, Taylor Morrison Home Funding's most frequently cited loan duration was 30 Year, with 776 originations. The 2nd most popular length was 15 Year, with 50 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 298 $97,970,000 $328,758
    $5k+ 206 $91,190,000 $442,670
    $2k-3k 165 $54,265,000 $328,879
    $3k-4k 102 $36,110,000 $354,020
    $4k-5k 60 $22,120,000 $368,667
    $<1k 3 $225,000 $75,000

    Taylor Morrison Home Funding's average total fees were $8,529, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 298 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 667 $241,115,000 $361,492
    3-4% 100 $40,500,000 $405,000
    5-6% 73 $22,105,000 $302,808

    During 2018, Taylor Morrison Home Funding's average interest rate for loans was 4.55%, while their most frequently originated rate bucket for loans was 4-5%, with 667 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 476 $144,320,000 $303,193 $7,619 4.52%
    $400k-600k 206 $95,720,000 $464,660 $10,061 4.44%
    $100k-200k 79 $12,185,000 $154,241 $5,800 4.70%
    $600k-1MM 62 $43,430,000 $700,484 $13,148 4.54%
    $100,000 or less 12 $920,000 $76,667 $4,231 4.78%
    $1MM+ 5 $7,145,000 $1,429,000 $14,549 4.03%

    2018 saw Taylor Morrison Home Funding place emphasis on $200k-400k loans with 476 originations, totaling $144,320,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 267 $95,605,000 $358,071 $8,493 4.54%
    $150k-250k 206 $83,120,000 $403,495 $9,240 4.48%
    $75k-100k 152 $45,040,000 $296,316 $7,426 4.51%
    $50k-75k 99 $25,855,000 $261,162 $7,446 4.61%
    $250k+ 89 $49,095,000 $551,629 $9,849 4.45%
    $50k or less 27 $5,005,000 $185,370 $6,765 4.67%

    Taylor Morrison Home Funding lent most frequently to those with incomes in the $100k-150k range, with 267 originations. The second most popular income band? $150k-250k, with 206 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 152 $53,100,000 $349,342 $7,719 4.46%
    30-36% 151 $58,905,000 $390,099 $8,463 4.50%
    50-60% 51 $17,655,000 $346,176 $12,368 4.53%
    <20% 42 $12,360,000 $294,286 $7,451 4.43%
    42% 40 $14,820,000 $370,500 $9,132 4.51%
    49% 38 $13,180,000 $346,842 $9,351 4.59%
    40% 37 $13,255,000 $358,243 $8,707 4.46%
    39% 33 $12,425,000 $376,515 $7,715 4.41%
    41% 33 $12,785,000 $387,424 $8,954 4.53%
    48% 32 $11,050,000 $345,313 $7,376 4.54%
    46% 31 $9,775,000 $315,323 $7,445 4.56%
    44% 31 $12,625,000 $407,258 $8,351 4.62%
    36% 29 $12,585,000 $433,966 $9,125 4.59%
    43% 29 $8,535,000 $294,310 $7,181 4.69%
    45% 29 $9,955,000 $343,276 $7,645 4.65%
    47% 29 $10,245,000 $353,276 $8,631 4.63%
    38% 27 $9,015,000 $333,889 $7,725 4.65%
    37% 22 $10,090,000 $458,636 $9,244 4.58%

    Taylor Morrison Home Funding lent most frequently to those with DTI ratios of 20-30%, with 152 originations. The next most common DTI ratio? 30-36%, with 151 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 512 $180,610,000 $352,754 $8,086 4.53%
    Asian 176 $69,010,000 $392,102 $8,974 4.48%
    Not provided 82 $29,000,000 $353,659 $8,389 4.47%
    Black 58 $19,880,000 $342,759 $9,079 4.65%
    Native Hawaiian or Islander 7 $2,945,000 $420,714 $14,796 4.41%
    American Indian 4 $1,590,000 $397,500 $13,428 4.53%
    Filipino 1 $685,000 $685,000 $4,805 4.88%

    Approval Rates

    Total approvals of all applications
    97.63%

    Taylor Morrison Home Funding 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
    76.07%

    Taylor Morrison Home Funding has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 840 $303,720,000 $361,571

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 840 $303,720,000 $361,571

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 35 $5,115,000 $146,143 $5,697 4.69%
    40-60% 77 $23,945,000 $310,974 $7,259 4.36%
    60-80% 277 $107,615,000 $388,502 $8,455 4.47%
    80-100% 424 $157,880,000 $372,358 $8,413 4.58%
    Over 100% 19 $8,295,000 $436,579 $20,525 4.49%
    Under 20% 8 $870,000 $108,750 $4,821 4.55%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    TAYLOR MORRISON HOME FUNDING Conventional home mortgage Closing on a mortgage 3 100.0%