Home Point Mortgage Acceptance Corporation Rates, Fees & Info

MADISON, AL

LEI: 5493006VSECR4GWFB307

Tax ID: 63-1205520

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Mortgage Data

Review & Overview

Home Point Mortgage Acceptance Corporation is a smaller mortgage company specializing in Home Purchase loans. Home Point Mortgage Acceptance Corporation 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: Daphne, Huntsville, Louisville, Atlanta, and Tampa among others. We have data for 143 markets. (Some data included below & more in-depth data is available with an active subscription.)

Home Point Mortgage Acceptance Corporation has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Home Point Mortgage Acceptance Corporation 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.

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Originations

2,157

Origination Dollar Volume (All Markets)

$433,345,000
Show all (6) 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
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 196 $40,430,000 $206,276 $4,388 4.62%
HUNTSVILLE, AL (FHA|USDA|VA) 163 $33,185,000 $203,589 $4,387 4.40%
LOUISVILLE, KY (FHA|USDA|VA) 149 $26,375,000 $177,013 $4,267 4.71%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 122 $24,450,000 $200,410 $4,910 4.58%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 91 $19,365,000 $212,802 $6,511 4.54%
BATON ROUGE, LA (FHA|USDA|VA) 82 $18,480,000 $225,366 $4,704 4.43%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 87 $17,035,000 $195,805 $4,918 4.58%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 77 $17,015,000 $220,974 $5,016 4.62%
LAFAYETTE, LA (FHA|USDA|VA) 89 $16,595,000 $186,461 $4,745 4.56%
Outside of Metro Areas 87 $13,815,000 $158,793 $5,002 4.57%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 50 $11,450,000 $229,000 $6,171 4.49%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 30 $10,900,000 $363,333 $6,196 4.59%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 35 $10,635,000 $303,857 $5,311 4.59%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 45 $10,075,000 $223,889 $4,349 4.43%
COLUMBIA, SC (FHA|USDA|VA) 51 $9,645,000 $189,118 $3,790 4.62%
MOBILE, AL (FHA|USDA|VA) 54 $9,220,000 $170,741 $4,611 4.54%
LAKE CHARLES, LA (FHA|USDA|VA) 47 $8,925,000 $189,894 $5,888 4.72%
KNOXVILLE, TN (FHA|USDA|VA) 43 $8,005,000 $186,163 $5,005 4.65%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 45 $7,445,000 $165,444 $4,254 4.53%
JACKSONVILLE, FL (FHA|USDA|VA) 27 $6,085,000 $225,370 $5,455 4.61%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 22 $5,370,000 $244,091 $6,083 4.82%
CLEVELAND, TN (FHA|USDA|VA) 27 $5,045,000 $186,852 $4,354 4.67%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 17 $4,525,000 $266,176 $5,589 4.64%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 16 $3,940,000 $246,250 $5,871 4.87%
DECATUR, AL (FHA|USDA|VA) 23 $3,565,000 $155,000 $3,996 4.26%
FORT COLLINS, CO (FHA|USDA|VA) 12 $3,330,000 $277,500 $4,582 4.42%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 16 $3,200,000 $200,000 $4,292 4.45%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 13 $3,065,000 $235,769 $4,993 4.46%
GREELEY, CO (FHA|USDA|VA) 10 $2,850,000 $285,000 $6,649 4.26%
SPARTANBURG, SC (FHA|USDA|VA) 20 $2,840,000 $142,000 $3,740 4.51%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 11 $2,505,000 $227,727 $5,006 4.39%
VALDOSTA, GA (FHA|USDA|VA) 17 $2,505,000 $147,353 $3,998 4.60%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 11 $2,405,000 $218,636 $3,812 4.20%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 10 $2,220,000 $222,000 $4,495 4.72%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 12 $2,160,000 $180,000 $5,389 4.51%
JACKSON, TN (FHA|USDA|VA) 17 $2,105,000 $123,824 $5,290 4.64%
COLORADO SPRINGS, CO (FHA|USDA|VA) 8 $2,090,000 $261,250 $4,485 4.34%
Sevierville, TN (FHA|USDA|VA) 10 $2,050,000 $205,000 $6,719 4.81%
COLUMBUS, GA-AL (FHA|USDA|VA) 12 $2,000,000 $166,667 $3,466 4.60%
TUSCALOOSA, AL (FHA|USDA|VA) 9 $1,975,000 $219,444 $6,531 4.26%
Atmore, AL (FHA|USDA|VA) 13 $1,915,000 $147,308 $4,159 4.57%
MORRISTOWN, TN (FHA|USDA|VA) 10 $1,810,000 $181,000 $5,667 4.75%
JACKSON, MS (FHA|USDA|VA) 9 $1,735,000 $192,778 $3,826 4.39%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 6 $1,720,000 $286,667 $5,066 4.58%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 7 $1,445,000 $206,429 $7,489 4.77%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 6 $1,390,000 $231,667 $7,354 4.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 7 $1,335,000 $190,714 $6,344 4.80%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 6 $1,290,000 $215,000 $5,132 4.63%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 5 $1,215,000 $243,000 $3,807 4.58%
Opelousas, LA (FHA|USDA|VA) 6 $1,210,000 $201,667 $3,805 4.54%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 8 $1,200,000 $150,000 $4,612 4.78%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 8 $1,160,000 $145,000 $4,598 4.78%
Scottsburg, IN (FHA|USDA|VA) 9 $1,145,000 $127,222 $2,861 4.88%
PUNTA GORDA, FL (FHA|USDA|VA) 4 $1,070,000 $267,500 $5,084 4.38%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $1,065,000 $213,000 $6,196 4.90%
Jennings, LA (FHA|USDA|VA) 7 $1,065,000 $152,143 $5,216 4.66%
BOULDER, CO (FHA|USDA|VA) 3 $1,055,000 $351,667 $5,597 4.46%
Albertville, AL (FHA|USDA|VA) 6 $1,030,000 $171,667 $3,802 4.71%
SAVANNAH, GA (FHA|USDA|VA) 6 $950,000 $158,333 $4,839 4.42%
PUEBLO, CO (FHA|USDA|VA) 5 $925,000 $185,000 $4,504 4.55%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 6 $870,000 $145,000 $5,192 4.67%
MONTGOMERY, AL (FHA|USDA|VA) 5 $835,000 $167,000 $5,604 4.33%
DeRidder, LA (FHA|USDA|VA) 5 $835,000 $167,000 $6,062 4.75%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $800,000 $200,000 $5,916 4.78%
HAMMOND, LA (FHA|USDA|VA) 4 $800,000 $200,000 $8,793 4.25%
Athens, TN (FHA|USDA|VA) 5 $795,000 $159,000 $4,837 4.68%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 5 $765,000 $153,000 $4,783 4.80%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 4 $750,000 $187,500 $3,709 4.63%
Meridian, MS (FHA|USDA|VA) 3 $735,000 $245,000 $3,122 4.79%
Cedartown, GA (FHA|USDA|VA) 3 $715,000 $238,333 $7,031 4.88%
Scottsboro, AL (FHA|USDA|VA) 5 $705,000 $141,000 $4,496 4.35%
Cullman, AL (FHA|USDA|VA) 2 $670,000 $335,000 $2,427 4.13%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $650,000 $162,500 $5,809 4.66%
Dayton, TN (FHA|USDA|VA) 4 $640,000 $160,000 $4,799 4.69%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $630,000 $157,500 $5,007 4.50%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $590,000 $295,000 $4,881 4.81%
Columbus, MS (FHA|USDA|VA) 3 $575,000 $191,667 $5,033 4.50%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $565,000 $565,000 $5,621 4.50%
Jefferson, GA (FHA|USDA|VA) 2 $540,000 $270,000 $7,133 5.31%
Okeechobee, FL (FHA|USDA|VA) 3 $535,000 $178,333 $1,184 4.50%
CaƱon City, CO (FHA|USDA|VA) 2 $520,000 $260,000 $1,942 4.31%
DOTHAN, AL (FHA|USDA|VA) 2 $480,000 $240,000 $6,478 4.75%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 3 $475,000 $158,333 $5,703 4.79%
Calhoun, GA (FHA|USDA|VA) 3 $475,000 $158,333 $5,173 4.83%
RICHMOND, VA (FHA|USDA|VA) 1 $465,000 $465,000 $2,714 4.88%
ROME, GA (FHA|USDA|VA) 1 $455,000 $455,000 $8,766 4.99%
LaGrange, GA-AL (FHA|USDA|VA) 3 $445,000 $148,333 $2,199 4.92%
GAINESVILLE, FL (FHA|USDA|VA) 2 $410,000 $205,000 $6,377 4.31%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $410,000 $205,000 $6,658 5.13%
Bardstown, KY (FHA|USDA|VA) 3 $405,000 $135,000 $4,848 4.50%
GADSDEN, AL (FHA|USDA|VA) 2 $380,000 $190,000 $3,394 4.31%
Troy, AL (FHA|USDA|VA) 2 $370,000 $185,000 $6,777 4.50%
MANSFIELD, OH (FHA|USDA|VA) 4 $340,000 $85,000 $2,532 4.78%
Minden, LA (FHA|USDA|VA) 2 $330,000 $165,000 $4,737 4.69%
ROANOKE, VA (FHA|USDA|VA) 1 $295,000 $295,000 $3,749 4.25%
ALEXANDRIA, LA (FHA|USDA|VA) 1 $295,000 $295,000 $2,366 3.88%
Fort Morgan, CO (FHA|USDA|VA) 1 $295,000 $295,000 $9,546 4.13%
HATTIESBURG, MS (FHA|USDA|VA) 1 $285,000 $285,000 $10,554 3.88%
Picayune, MS (FHA|USDA|VA) 1 $275,000 $275,000 $6,204 4.13%
Martin, TN (FHA|USDA|VA) 3 $275,000 $91,667 $4,808 4.83%
ALBANY, GA (FHA|USDA|VA) 1 $255,000 $255,000 $6,695 4.38%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $245,000 $245,000 $7,396 4.25%
Dyersburg, TN (FHA|USDA|VA) 1 $245,000 $245,000 $12,847 4.50%
Bogalusa, LA (FHA|USDA|VA) 1 $245,000 $245,000 $7,162 4.25%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $235,000 $235,000 $7,035 4.75%
Starkville, MS (FHA|USDA|VA) 1 $225,000 $225,000 $2,555 5.63%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $215,000 $215,000 $5,376 4.75%
FLORENCE, SC (FHA|USDA|VA) 1 $215,000 $215,000 $7,115 5.25%
Glenwood Springs, CO (FHA|USDA|VA) 1 $205,000 $205,000 $7,089 3.75%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $205,000 $205,000 $2,474 5.75%
GAINESVILLE, GA (FHA|USDA|VA) 1 $205,000 $205,000 $6,432 4.38%
Crossville, TN (FHA|USDA|VA) 1 $205,000 $205,000 $8,151 4.63%
Seymour, IN (FHA|USDA|VA) 1 $195,000 $195,000 $2,693 4.63%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $195,000 $195,000 $4,965 5.75%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $185,000 $185,000 $4,441 4.38%
Greenwood, MS (FHA|USDA|VA) 1 $185,000 $185,000 $3,928 4.50%
Natchez, MS-LA (FHA|USDA|VA) 1 $185,000 $185,000 $4,318 4.25%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,790 5.50%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $175,000 $175,000 $5,729 4.25%
Union City, TN (FHA|USDA|VA) 2 $170,000 $85,000 $5,501 4.13%
Tupelo, MS (FHA|USDA|VA) 1 $165,000 $165,000 $5,131 5.50%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $165,000 $165,000 $3,002 4.75%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $155,000 $155,000 $3,078 5.13%
Fort Payne, AL (FHA|USDA|VA) 1 $155,000 $155,000 $7,789 4.63%
Glasgow, KY (FHA|USDA|VA) 1 $155,000 $155,000 $6,108 4.63%
Alexander City, AL (FHA|USDA|VA) 1 $145,000 $145,000 $4,319 5.75%
Jasper, AL (FHA|USDA|VA) 1 $145,000 $145,000 $5,300 4.50%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $145,000 $145,000 $4,042 4.25%
Newport, TN (FHA|USDA|VA) 1 $145,000 $145,000 $5,926 5.25%
STAUNTON, VA (FHA|USDA|VA) 1 $145,000 $145,000 $2,722 4.75%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $145,000 $145,000 $6,699 4.88%
Ruston, LA (FHA|USDA|VA) 1 $135,000 $135,000 $5,723 3.88%
Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $135,000 $135,000 $3,526 4.13%
Natchitoches, LA (FHA|USDA|VA) 1 $135,000 $135,000 $3,994 4.99%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $125,000 $125,000 $6,266 4.75%
Frankfort, KY (FHA|USDA|VA) 1 $115,000 $115,000 $3,044 4.75%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $105,000 $105,000 $4,607 4.50%
Madison, IN (FHA|USDA|VA) 1 $105,000 $105,000 $2,447 4.75%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $85,000 $85,000 $2,850 4.13%
Newberry, SC (FHA|USDA|VA) 1 $85,000 $85,000 $3,764 5.75%
Thomaston, GA (FHA|USDA|VA) 1 $75,000 $75,000 $3,719 5.00%
Danville, KY (FHA|USDA|VA) 1 $75,000 $75,000 $3,654 4.75%
Somerset, KY (FHA|USDA|VA) 1 $55,000 $55,000 $2,330 4.88%
Home Point Mortgage Acceptance Corporation's top markets include Daphne, Huntsville, Louisville, Atlanta, and Tampa among others.

Their top states include:
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,129 $229,785,000 $203,530 $3,988 4.69%
    FHA 672 $125,080,000 $186,131 $6,556 4.49%
    VA 282 $67,970,000 $241,028 $4,386 4.30%
    USDA 74 $10,510,000 $142,027 $4,828 4.57%

    For 2019, Home Point Mortgage Acceptance Corporation's most frequently originated type of loan was Conventional, with 1,129 originations. Their 2nd most popular type was FHA, with 672 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,695 $334,855,000 $197,555 $4,822 4.59%
    Cash Out Refi 221 $45,035,000 $203,778 $5,529 4.60%
    Refi 219 $50,595,000 $231,027 $4,624 4.40%
    Other 22 $2,860,000 $130,000 $4,281 5.11%

    For 2019, Home Point Mortgage Acceptance Corporation's most frequently cited loan purpose was Home Purchase, with 1,695 originations. The 2nd most popular reason was Cash Out Refi, with 221 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,020 $408,110,000 $202,035 $4,912 4.59%
    15 Year 95 $17,345,000 $182,579 $3,959 4.19%
    Other 22 $3,710,000 $168,636 $4,950 4.50%
    20 Year 16 $3,800,000 $237,500 $5,024 4.51%
    10 Year 4 $380,000 $95,000 $3,737 4.16%

    For 2019, Home Point Mortgage Acceptance Corporation's most frequently cited loan duration was 30 Year, with 2,020 originations. The 2nd most popular length was 15 Year, with 95 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,090 $217,260,000 $199,321
    $1k-2k 416 $77,150,000 $185,457
    $2k-3k 337 $61,925,000 $183,754
    $3k-4k 128 $25,670,000 $200,547
    $5k+ 117 $34,575,000 $295,513
    $4k-5k 69 $16,765,000 $242,971

    Home Point Mortgage Acceptance Corporation's average total fees were $4,912, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,090 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,596 $321,560,000 $201,479
    3-4% 280 $64,570,000 $230,607
    5-6% 277 $46,735,000 $168,718
    6-7% 4 $480,000 $120,000

    During 2019, Home Point Mortgage Acceptance Corporation's average interest rate for loans was 4.59%, while their most frequently originated rate bucket for loans was 4-5%, with 1,596 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,049 $159,125,000 $151,692 $4,319 4.61%
    $200k-400k 828 $221,800,000 $267,874 $5,743 4.48%
    $100,000 or less 205 $16,745,000 $81,683 $3,391 4.79%
    $400k-600k 71 $32,615,000 $459,366 $6,939 4.44%
    $600k-1MM 4 $3,060,000 $765,000 $6,974 4.34%

    2019 saw Home Point Mortgage Acceptance Corporation place emphasis on $100k-200k loans with 1,049 originations, totaling $159,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 634 $115,930,000 $182,855 $5,017 4.58%
    $50k or less 556 $79,480,000 $142,950 $4,222 4.56%
    $100k-150k 380 $96,160,000 $253,053 $5,194 4.54%
    $75k-100k 362 $78,580,000 $217,072 $5,060 4.58%
    $150k-250k 174 $48,200,000 $277,011 $5,225 4.64%
    $250k+ 47 $14,305,000 $304,362 $5,143 4.62%

    Home Point Mortgage Acceptance Corporation lent most frequently to those with incomes in the $50k-75k range, with 634 originations. The second most popular income band? $50k or less, with 556 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 394 $76,430,000 $193,985 $4,515 4.57%
    30-36% 324 $63,680,000 $196,543 $4,764 4.62%
    50-60% 194 $40,200,000 $207,216 $6,250 4.37%
    <20% 135 $25,845,000 $191,444 $3,911 4.40%
    44% 103 $21,755,000 $211,214 $4,263 4.62%
    42% 84 $17,120,000 $203,810 $5,131 4.66%
    41% 84 $17,420,000 $207,381 $4,834 4.60%
    49% 83 $17,145,000 $206,566 $5,096 4.68%
    38% 83 $15,015,000 $180,904 $4,475 4.70%
    47% 80 $16,340,000 $204,250 $5,036 4.57%
    48% 79 $17,745,000 $224,620 $5,562 4.53%
    40% 77 $16,155,000 $209,805 $5,415 4.63%
    43% 77 $16,985,000 $220,584 $5,050 4.64%
    36% 76 $15,330,000 $201,711 $5,030 4.55%
    37% 72 $13,810,000 $191,806 $4,817 4.62%
    45% 72 $12,840,000 $178,333 $4,552 4.62%
    39% 69 $15,445,000 $223,841 $4,650 4.61%
    46% 69 $13,605,000 $197,174 $4,862 4.63%
    >60% 2 $480,000 $240,000 $3,743 4.31%

    Home Point Mortgage Acceptance Corporation lent most frequently to those with DTI ratios of 20-30%, with 394 originations. The next most common DTI ratio? 30-36%, with 324 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,854 $371,310,000 $200,275 $4,869 4.57%
    Black 196 $36,940,000 $188,469 $4,747 4.64%
    Not provided 62 $14,230,000 $229,516 $5,224 4.55%
    Asian 40 $9,710,000 $242,750 $4,622 4.71%
    American Indian 3 $675,000 $225,000 $4,712 4.29%
    Native Hawaiian or Islander 1 $275,000 $275,000 $15,063 4.63%
    Other Pacific Islander 1 $205,000 $205,000 $5,896 4.00%

    Approval Rates

    Total approvals of all applications
    81.27%

    Home Point Mortgage Acceptance Corporation has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    97.59%

    Home Point Mortgage Acceptance Corporation has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,157 $433,345,000 $200,902

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 2,157 $433,345,000 $200,902

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $1,910,000 $119,375 $3,424 4.71%
    40-60% 110 $17,810,000 $161,909 $3,883 4.47%
    60-80% 465 $95,535,000 $205,452 $4,321 4.65%
    80-100% 1,496 $300,970,000 $201,183 $5,013 4.56%
    Over 100% 66 $16,740,000 $253,636 $7,671 4.34%
    Under 20% 4 $380,000 $95,000 $1,289 6.22%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Home Point Financial Corporation VA mortgage Trouble during payment process 6 5.7%
    Home Point Financial Corporation VA mortgage Closing on a mortgage 1 0.9%
    Home Point Financial Corporation VA mortgage Credit monitoring or identity theft protection services 1 0.9%
    Home Point Financial Corporation VA mortgage Struggling to pay mortgage 1 0.9%
    Home Point Financial Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 1.9%
    Home Point Financial Corporation Conventional home mortgage Closing on a mortgage 1 0.9%
    Home Point Financial Corporation Conventional home mortgage Incorrect information on your report 1 0.9%
    Home Point Financial Corporation Conventional home mortgage Struggling to pay mortgage 4 3.8%
    Home Point Financial Corporation Conventional home mortgage Trouble during payment process 46 43.4%
    Home Point Financial Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.9%
    Home Point Financial Corporation FHA mortgage Closing on a mortgage 3 2.8%
    Home Point Financial Corporation FHA mortgage Incorrect information on your report 1 0.9%
    Home Point Financial Corporation FHA mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.9%
    Home Point Financial Corporation FHA mortgage Struggling to pay mortgage 12 11.3%
    Home Point Financial Corporation FHA mortgage Trouble during payment process 18 17.0%
    Home Point Financial Corporation Other type of mortgage Struggling to pay mortgage 1 0.9%
    Home Point Financial Corporation Other type of mortgage Trouble during payment process 4 3.8%
    Home Point Financial Corporation VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 1.9%