Your Home Financial Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300677KFX04XEUM68

Tax ID: 84-2208949

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Your 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.

    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 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

    Estimated 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.


    Originations

    424

    Origination Dollar Volume (All Markets)

    $69,980,000

    Awards

    YOUR HOME FINANCIAL FHA Loans bronze
    Show all (1) 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
    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%
    Your Home Financial's top markets include Cleveland, Sandusky, Akron, Fremont, and Toledo among others.

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

    • Similar Lenders

    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.

    First National Bank of Bellevue
    Similarity Rank: 36
    The Old Fort Banking Company
    Similarity Rank: 63
    First Federal Savings and Loan Association of Delta
    Similarity Rank: 112
    Community Star Credit Union
    Similarity Rank: 249
    GLASS CITY Federal Credit Union
    Similarity Rank: 270
    CARDINAL CREDIT UNION, INC.
    Similarity Rank: 351
    The Commercial and Savings Bank of Millersburg Ohio
    Similarity Rank: 627
    SUN Federal Credit Union
    Similarity Rank: 648
    The Genoa Banking Company
    Similarity Rank: 667
    FIRST CHOICE MH LLC
    Similarity Rank: 704

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 308 $49,550,000 $160,877 $4,587 4.72%
    FHA 91 $14,495,000 $159,286 $7,591 5.30%
    VA 23 $5,615,000 $244,130 $9,582 4.84%
    USDA 2 $320,000 $160,000 $6,904 5.75%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 389 $64,005,000 $164,537 $5,443 4.86%
    Refi 18 $3,010,000 $167,222 $6,422 4.92%
    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 356 $65,920,000 $185,169 $6,279 5.52%
    Other 42 $420,000 $10,000 $176 0.12%
    15 Year 15 $2,195,000 $146,333 $3,848 3.69%
    20 Year 7 $1,345,000 $192,143 $5,446 4.12%
    5 Year 3 $15,000 $5,000 $0 0.00%
    10 Year 1 $85,000 $85,000 $2,840 4.99%

    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
    $2k-3k 127 $20,795,000 $163,740
    $1k-2k 117 $18,345,000 $156,795
    $3k-4k 58 $11,110,000 $191,552
    $<1k 56 $2,330,000 $41,607
    $5k+ 34 $10,430,000 $306,765
    $4k-5k 29 $6,635,000 $228,793

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 137 $27,555,000 $201,131
    4-5% 85 $16,655,000 $195,941
    6-7% 65 $9,505,000 $146,231
    3-4% 49 $9,485,000 $193,571
    <2.5% 45 $375,000 $8,333
    7-8% 35 $5,155,000 $147,286
    2.5-3% 7 $1,205,000 $172,143
    Over 8% 1 $45,000 $45,000

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 197 $28,755,000 $145,964 $5,573 5.46%
    $200k-400k 124 $32,390,000 $261,210 $7,418 5.24%
    $100,000 or less 93 $4,035,000 $43,387 $2,149 3.06%
    $400k-600k 9 $4,185,000 $465,000 $10,203 4.93%
    $600k-1MM 1 $615,000 $615,000 $26,972 5.25%

    2022 saw Your Home Financial place emphasis on $100k-200k loans with 197 originations, totaling $28,755,000 in origination value.

    Applicant Income

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 68 $5,000,000 $73,529 $2,853 2.64%
    30-36% 62 $10,310,000 $166,290 $5,488 5.41%
    20-30% 59 $9,675,000 $163,983 $5,033 4.75%
    48% 22 $4,900,000 $222,727 $8,408 5.33%
    43% 20 $3,380,000 $169,000 $5,760 5.59%
    50-60% 19 $3,715,000 $195,526 $8,672 5.09%
    37% 19 $4,245,000 $223,421 $6,001 5.55%
    49% 18 $3,580,000 $198,889 $7,393 5.55%
    42% 18 $3,060,000 $170,000 $5,857 5.46%
    38% 16 $2,920,000 $182,500 $5,369 5.39%
    44% 16 $2,780,000 $173,750 $5,321 5.05%
    41% 15 $2,535,000 $169,000 $6,003 5.30%
    40% 14 $2,380,000 $170,000 $5,462 5.27%
    36% 13 $2,385,000 $183,462 $6,461 5.71%
    39% 13 $3,215,000 $247,308 $6,280 4.94%
    45% 12 $2,080,000 $173,333 $5,416 5.36%
    46% 11 $2,095,000 $190,455 $6,051 5.77%
    47% 9 $1,725,000 $191,667 $6,582 5.39%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 381 $63,055,000 $165,499 $5,412 4.83%
    Black 18 $2,090,000 $116,111 $4,862 4.04%
    Not provided 7 $1,695,000 $242,143 $8,217 5.55%
    Asian 9 $1,575,000 $175,000 $5,500 4.75%
    Not applicable 7 $1,285,000 $183,571 $10,535 7.66%
    American Indian 2 $280,000 $140,000 $4,726 6.19%

    Approval Rates

    Total approvals of all applications
    96.84%

    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 origination
    64.15%

    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 424 $69,980,000 $165,047

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    424 $69,980,000 $165,047

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $245,000 $81,667 $3,117 6.08%
    40-60% 10 $1,170,000 $117,000 $5,016 5.45%
    60-80% 81 $14,665,000 $181,049 $5,651 5.22%
    80-100% 279 $51,155,000 $183,351 $6,092 5.49%
    Over 100% 7 $2,505,000 $357,857 $17,529 4.45%
    Under 20% 44 $240,000 $5,455 $27 0.00%