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 small 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, Houston, Orlando, Austin, and Dallas among others. We have data for 27 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 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 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.

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    Originations

    5,606

    Origination Dollar Volume (All Markets)

    $1,933,950,000
    Show all (7) 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) 895 $304,965,000 $340,743 $7,366 4.22%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 651 $218,215,000 $335,200 $9,114 4.02%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 560 $175,190,000 $312,839 $8,052 4.15%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 472 $171,700,000 $363,771 $8,317 3.94%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 438 $159,450,000 $364,041 $7,960 4.08%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 389 $128,115,000 $329,344 $6,418 4.02%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 348 $109,350,000 $314,224 $6,859 4.13%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 245 $105,795,000 $431,816 $8,978 4.07%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 303 $83,845,000 $276,716 $7,640 4.24%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 241 $72,675,000 $301,556 $6,760 4.13%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 172 $69,700,000 $405,233 $7,840 4.17%
    RALEIGH-CARY, NC (FHA|USDA|VA) 168 $54,950,000 $327,083 $6,694 4.01%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 80 $54,220,000 $677,750 $8,624 3.91%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 105 $37,995,000 $361,857 $6,985 4.13%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 129 $29,035,000 $225,078 $7,122 4.12%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 37 $26,315,000 $711,216 $10,156 4.06%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 55 $23,675,000 $430,455 $7,060 4.17%
    JACKSONVILLE, FL (FHA|USDA|VA) 60 $19,330,000 $322,167 $7,710 4.02%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 22 $17,490,000 $795,000 $7,946 3.90%
    STOCKTON, CA (FHA|USDA|VA) 30 $17,080,000 $569,333 $9,310 3.84%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 59 $15,685,000 $265,847 $5,299 3.91%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 40 $13,700,000 $342,500 $7,470 4.32%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 51 $11,985,000 $235,000 $5,175 4.31%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 31 $6,925,000 $223,387 $5,476 4.30%
    GAINESVILLE, GA (FHA|USDA|VA) 19 $4,835,000 $254,474 $5,928 4.13%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 5 $1,445,000 $289,000 $6,753 3.98%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $285,000 $285,000 $5,143 4.00%
    Taylor Morrison Home Funding's top markets include Phoenix, Houston, Orlando, Austin, and Dallas among others.

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

    Christian Community Credit Union
    Similarity Rank: 220
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 290
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 318
    McCoy Federal Credit Union
    Similarity Rank: 342
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 368
    SOUTHLAND CREDIT UNION
    Similarity Rank: 464
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 546
    Sanibel Captiva Community Bank
    Similarity Rank: 748
    EXCITE Credit Union
    Similarity Rank: 817
    Deer Valley Credit Union
    Similarity Rank: 820

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,714 $1,644,670,000 $348,891 $7,073 4.11%
    FHA 493 $144,525,000 $293,154 $11,412 4.10%
    VA 384 $140,840,000 $366,771 $10,540 4.02%
    USDA 15 $3,915,000 $261,000 $10,239 4.15%

    For 2019, Taylor Morrison Home Funding's most frequently originated type of loan was Conventional, with 4,714 originations. Their 2nd most popular type was FHA, with 493 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 5,586 $1,924,910,000 $344,595 $7,712 4.10%
    Refi 16 $7,930,000 $495,625 $4,032 3.84%
    Cash Out Refi 4 $1,110,000 $277,500 $4,014 4.34%

    For 2019, Taylor Morrison Home Funding's most frequently cited loan purpose was Home Purchase, with 5,586 originations. The 2nd most popular reason was Refi, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,157 $1,806,105,000 $350,224 $7,763 4.13%
    15 Year 353 $100,595,000 $284,972 $7,021 3.65%
    20 Year 75 $21,795,000 $290,600 $6,950 3.92%
    10 Year 20 $5,270,000 $263,500 $6,420 3.84%
    Other 1 $185,000 $185,000 $5,715 4.63%

    For 2019, Taylor Morrison Home Funding's most frequently cited loan duration was 30 Year, with 5,157 originations. The 2nd most popular length was 15 Year, with 353 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,287 $794,065,000 $347,208
    $5k+ 1,174 $459,810,000 $391,661
    $2k-3k 857 $280,685,000 $327,520
    $3k-4k 669 $214,985,000 $321,353
    $4k-5k 485 $163,085,000 $336,258
    $<1k 130 $20,230,000 $155,615

    Taylor Morrison Home Funding's average total fees were $7,763, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,287 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 3,040 $1,089,380,000 $358,349
    4-5% 2,318 $768,190,000 $331,402
    5-6% 201 $59,005,000 $293,557
    2.5-3% 40 $14,270,000 $356,750
    6-7% 3 $1,425,000 $475,000
    7-8% 3 $1,305,000 $435,000
    <2.5% 1 $375,000 $375,000

    During 2019, Taylor Morrison Home Funding's average interest rate for loans was 4.13%, while their most frequently originated rate bucket for loans was 3-4%, with 3,040 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,349 $1,010,305,000 $301,674 $7,461 4.08%
    $400k-600k 1,460 $682,140,000 $467,219 $8,805 4.06%
    $100k-200k 534 $83,770,000 $156,873 $5,572 4.28%
    $600k-1MM 179 $125,035,000 $698,520 $10,856 4.05%
    $100,000 or less 63 $4,765,000 $75,635 $3,452 4.51%
    $1MM+ 21 $27,935,000 $1,330,238 $8,918 3.85%

    2019 saw Taylor Morrison Home Funding place emphasis on $200k-400k loans with 3,349 originations, totaling $1,010,305,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,797 $623,215,000 $346,809 $7,686 4.08%
    $150k-250k 1,431 $571,525,000 $399,389 $8,003 4.08%
    $75k-100k 975 $286,795,000 $294,149 $7,401 4.13%
    $50k-75k 748 $181,140,000 $242,166 $7,202 4.16%
    $250k+ 496 $243,740,000 $491,411 $8,699 4.06%
    $50k or less 159 $27,535,000 $173,176 $6,204 4.22%

    Taylor Morrison Home Funding lent most frequently to those with incomes in the $100k-150k range, with 1,797 originations. The second most popular income band? $150k-250k, with 1,431 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,101 $384,925,000 $349,614 $7,339 4.02%
    30-36% 1,024 $370,200,000 $361,523 $7,595 4.07%
    <20% 333 $98,245,000 $295,030 $6,864 4.03%
    50-60% 313 $100,855,000 $322,220 $10,980 4.08%
    41% 236 $86,800,000 $367,797 $7,569 4.25%
    44% 230 $77,040,000 $334,957 $7,444 4.13%
    42% 217 $74,285,000 $342,327 $7,987 4.16%
    43% 209 $74,505,000 $356,483 $7,701 4.13%
    48% 209 $69,065,000 $330,455 $7,944 4.16%
    40% 208 $71,520,000 $343,846 $7,277 4.13%
    45% 201 $69,575,000 $346,144 $7,746 4.12%
    38% 199 $70,045,000 $351,985 $7,632 4.16%
    37% 197 $71,225,000 $361,548 $7,475 4.12%
    39% 192 $67,130,000 $349,635 $7,620 4.19%
    49% 189 $62,185,000 $329,021 $7,583 4.14%
    46% 180 $59,880,000 $332,667 $7,390 4.18%
    36% 180 $64,870,000 $360,389 $7,438 4.12%
    47% 175 $56,645,000 $323,686 $7,595 4.09%
    >60% 12 $4,610,000 $384,167 $10,037 4.15%

    Taylor Morrison Home Funding lent most frequently to those with DTI ratios of 20-30%, with 1,101 originations. The next most common DTI ratio? 30-36%, with 1,024 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,260 $1,090,280,000 $334,442 $7,370 4.14%
    Asian 1,050 $408,950,000 $389,476 $8,063 3.95%
    Not provided 734 $249,160,000 $339,455 $8,003 4.10%
    Black 472 $153,060,000 $324,280 $8,702 4.11%
    Asian Indian 24 $10,470,000 $436,250 $7,928 4.03%
    American Indian 34 $9,990,000 $293,824 $7,477 4.15%
    Native Hawaiian or Islander 13 $4,565,000 $351,154 $7,221 4.30%
    Filipino 9 $4,095,000 $455,000 $8,277 4.36%
    Other Asian 6 $1,760,000 $293,333 $7,555 4.10%
    Korean 2 $820,000 $410,000 $10,111 3.81%
    Chinese 1 $595,000 $595,000 $4,911 3.75%
    Vietnamese 1 $205,000 $205,000 $7,121 4.00%

    Approval Rates

    Total approvals of all applications
    96.15%

    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
    76.85%

    Taylor Morrison Home Funding has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,606 $1,933,950,000 $344,979

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 5,606 $1,933,950,000 $344,979

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 245 $39,545,000 $161,408 $5,051 4.19%
    40-60% 576 $150,300,000 $260,938 $6,223 4.04%
    60-80% 1,735 $649,015,000 $374,072 $7,628 4.07%
    80-100% 2,932 $1,062,100,000 $362,244 $8,053 4.11%
    Over 100% 81 $29,295,000 $361,667 $16,756 4.09%
    Under 20% 35 $3,105,000 $88,714 $3,666 4.51%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    TAYLOR MORRISON HOME FUNDING Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 66.7%
    TAYLOR MORRISON HOME FUNDING Conventional home mortgage Trouble during payment process 1 33.3%