Your Home Financial Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300677KFX04XEUM68
Tax ID: 84-2208949
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Mortgage Data
Review & Overview
Your Home Financial is a smaller mortgage company specializing in Home Purchase and Refi 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, Akron, Sandusky, Toledo, and Norwalk 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.17% | 12/16/24 |
| 30 Year Conventional Refi | 8.41% | 12/16/24 |
| 30 Year Cash-out Refi | 7.61% | 12/16/24 |
| 30 Year FHA Purchase | 8.01% | 12/16/24 |
| 30 Year FHA Refi | 6.27% | 12/16/24 |
| 30 Year VA Purchase | 6.70% | 12/16/24 |
| 30 Year USDA Purchase | 7.18% | 12/16/24 |
| 15 Year Conventional Purchase | 6.52% | 12/16/24 |
| 15 Year Conventional Refi | 6.18% | 12/16/24 |
| 15 Year Cash-out Refi | 6.18% | 12/16/24 |
| 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. | ||
Your Home Financial Mortgage Calculator
Your Estimates
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This is not an official calculator from Your Home Financial. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
444Origination Dollar Volume (All Markets)
$76,440,000Top 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 |
|---|---|---|---|---|---|
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 318 | $54,320,000 | $170,818 | $4,429 | 3.34% |
| AKRON, OH (FHA|USDA|VA) | 36 | $6,710,000 | $186,389 | $4,474 | 3.29% |
| Sandusky, OH (FHA|USDA|VA) | 25 | $3,975,000 | $159,000 | $4,089 | 3.29% |
| TOLEDO, OH (FHA|USDA|VA) | 15 | $3,785,000 | $252,333 | $4,313 | 3.12% |
| Norwalk, OH (FHA|USDA|VA) | 15 | $2,115,000 | $141,000 | $5,694 | 3.47% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 10 | $1,700,000 | $170,000 | $3,875 | 3.44% |
| Wooster, OH (FHA|USDA|VA) | 7 | $1,165,000 | $166,429 | $5,115 | 3.23% |
| Fremont, OH (FHA|USDA|VA) | 6 | $810,000 | $135,000 | $4,265 | 3.19% |
| COLUMBUS, OH (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $4,109 | 3.75% |
| Ashland, OH (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $4,157 | 3.29% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,440 | 3.25% |
| Tiffin, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,490 | 2.88% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,287 | 2.88% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,648 | 3.13% |
Similar Lenders
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Product Mix
For 2020, Your Home Financial's most frequently originated type of loan was Conventional, with 328 originations. Their 2nd most popular type was FHA, with 87 originations.
Loan Reason
For 2020, Your Home Financial's most frequently cited loan purpose was Home Purchase, with 313 originations. The 2nd most popular reason was Refi, with 95 originations.
Loan Duration/Length
For 2020, Your Home Financial's most frequently cited loan duration was 30 Year, with 374 originations. The 2nd most popular length was 15 Year, with 43 originations.
Origination Fees/Closing Costs
Your Home Financial's average total fees were $4,570, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 171 originations.
Interest Rates
During 2020, Your Home Financial's average interest rate for loans was 3.43%, while their most frequently originated rate bucket for loans was 3-4%, with 243 originations.
Loan Sizing
2020 saw Your Home Financial place emphasis on $100k-200k loans with 227 originations, totaling $33,175,000 in origination value.
Applicant Income
Your Home Financial lent most frequently to those with incomes in the $50k or less range, with 132 originations. The second most popular income band? $50k-75k, with 120 originations.
Applicant Debt to Income Ratio
Your Home Financial lent most frequently to those with DTI ratios of 20-30%, with 97 originations. The next most common DTI ratio? 30-36%, with 86 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.02%
Your Home Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination62.84%
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 |
|---|---|---|---|
| NA | 444 | $76,440,000 | $172,162 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $240,000 | $120,000 |
| Single Family (1-4 Units):Site-Built | 442 | $76,200,000 | $172,398 |