Your Home Financial Mortgage Rates, Fees & InfoWILMINGTON, DE
Tax ID: 84-2208949
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewYour Home Financial is a smaller mortgage company specializing in Home Purchase loans. Your Home Financial 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: Cleveland, Sandusky, Akron, Fremont, and Toledo among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)
Your Home Financial 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. Your Home Financial 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 relatively high 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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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||7.17%||12/4/23|
|30 Year Conventional Refi||8.41%||12/4/23|
|30 Year Cash-out Refi||7.61%||12/4/23|
|30 Year FHA Purchase||8.01%||12/4/23|
|30 Year FHA Refi||6.27%||12/4/23|
|30 Year VA Purchase||6.70%||12/4/23|
|30 Year USDA Purchase||7.18%||12/4/23|
|15 Year Conventional Purchase||6.52%||12/4/23|
|15 Year Conventional Refi||6.18%||12/4/23|
|15 Year Cash-out Refi||6.18%||12/4/23|
|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.|
Your Home Financial Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Your Home Financial. 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.
Origination Dollar Volume (All Markets)$69,980,000
Your Home Financial's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.76%.
Relative Fees (Closing Costs)
Your Home Financial's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,279.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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|
|CLEVELAND-ELYRIA, OH (FHA|USDA|VA)||300||$51,960,000||$173,200||$5,825||4.86%|
|Sandusky, OH (FHA|USDA|VA)||28||$4,160,000||$148,571||$4,975||5.31%|
|AKRON, OH (FHA|USDA|VA)||26||$3,080,000||$118,462||$4,666||4.74%|
|Fremont, OH (FHA|USDA|VA)||23||$2,365,000||$102,826||$3,578||4.26%|
|TOLEDO, OH (FHA|USDA|VA)||11||$1,955,000||$177,727||$6,308||5.16%|
|Norwalk, OH (FHA|USDA|VA)||13||$1,605,000||$123,462||$4,351||3.93%|
|CANTON-MASSILLON, OH (FHA|USDA|VA)||7||$1,595,000||$227,857||$5,208||5.48%|
|COLUMBUS, OH (FHA|USDA|VA)||2||$870,000||$435,000||$9,360||4.56%|
|Wooster, OH (FHA|USDA|VA)||4||$830,000||$207,500||$5,817||6.28%|
|YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA)||2||$520,000||$260,000||$5,130||4.88%|
|Tiffin, OH (FHA|USDA|VA)||5||$475,000||$95,000||$3,586||4.43%|
|MANSFIELD, OH (FHA|USDA|VA)||1||$275,000||$275,000||$5,123||5.75%|
|Ashland, OH (FHA|USDA|VA)||1||$155,000||$155,000||$5,976||5.75%|
|Findlay, OH (FHA|USDA|VA)||1||$135,000||$135,000||$5,336||7.63%|
We use machine learning to identify the top lenders compared against YOUR HOME FINANCIAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Your Home Financial's most frequently originated type of loan was Conventional, with 308 originations. Their 2nd most popular type was FHA, with 91 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||17||$2,965,000||$174,412||$6,268||4.83%|
For 2022, Your Home Financial's most frequently cited loan purpose was Home Purchase, with 389 originations. The 2nd most popular reason was Refi, with 18 originations.
For 2022, Your Home Financial's most frequently cited loan duration was 30 Year, with 356 originations. The 2nd most popular length was Other, with 42 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Your Home Financial's average total fees were $6,279, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 127 originations.
During 2022, Your Home Financial's average interest rate for loans was 5.52%, while their most frequently originated rate bucket for loans was 5-6%, with 137 originations.
2022 saw Your Home Financial place emphasis on $100k-200k loans with 197 originations, totaling $28,755,000 in origination value.
|Applicant Income||Originations||Total Value||Average Loan||Average Fees||Average Rate|
|$50k or less||416||$68,590,000||$164,880||$5,433||4.81%|
Your Home Financial lent most frequently to those with incomes in the $50k or less range, with 416 originations.
Applicant Debt to Income Ratio
Your Home Financial lent most frequently to those with DTI ratios of <20%, with 68 originations. The next most common DTI ratio? 30-36%, with 62 originations.
Approval RatesTotal approvals of all applications
Your Home Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Your Home Financial 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|