American Financial Network Inc.

BREA, CA 92821

LEI: 5493008NWHQT1R22C024

Tax ID: 95-4866828

2019 Data | 2018 Data


Overview

American Financial Network Inc. is a mid-sized mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. American Financial Network Inc. has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Riverside, Los Angeles, San Diego, Phoenix, and Anaheim among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. American Financial Network Inc. is typically a lendor.


Originations

25,135

Origination Dollar Volume (All Markets)

$7,160,045,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 9,872 $2,838,060,000 $287,486
FHA 8,575 $2,227,805,000 $259,802
VA 6,282 $2,023,990,000 $322,189
USDA 406 $70,190,000 $172,882

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 11,852 $3,146,300,000 $265,466
Refi 6,535 $2,109,245,000 $322,761
Cash Out Refi 6,748 $1,904,500,000 $282,232

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 2,382 $778,930,000 $327,007
LOS ANGELES-LONG BEACH-GLENDALE, CA 1,737 $723,625,000 $416,595
Outside of Metro Areas 1,664 $357,050,000 $214,573
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 605 $283,605,000 $468,769
PHOENIX-MESA-CHANDLER, AZ 1,066 $276,520,000 $259,400
ANAHEIM-SANTA ANA-IRVINE, CA 502 $241,250,000 $480,578
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 659 $231,115,000 $350,706
DALLAS-PLANO-IRVING, TX 730 $198,280,000 $271,616
SACRAMENTO-ROSEVILLE-FOLSOM, CA 352 $118,710,000 $337,244
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 432 $117,470,000 $271,921
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 494 $115,280,000 $233,360
OAKLAND-BERKELEY-LIVERMORE, CA 246 $113,380,000 $460,894
LAS VEGAS-HENDERSON-PARADISE, NV 393 $108,165,000 $275,229
TAMPA-ST. PETERSBURG-CLEARWATER, FL 360 $81,560,000 $226,556
LAKE HAVASU CITY-KINGMAN, AZ 332 $74,150,000 $223,343
FORT WORTH-ARLINGTON-GRAPEVINE, TX 306 $73,320,000 $239,608
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 200 $73,310,000 $366,550
NEW BRUNSWICK-LAKEWOOD, NJ 221 $70,635,000 $319,615
DENVER-AURORA-LAKEWOOD, CO 211 $70,095,000 $332,204
BALTIMORE-COLUMBIA-TOWSON, MD 217 $65,615,000 $302,373
MODESTO, CA 225 $64,565,000 $286,956
OGDEN-CLEARFIELD, UT 226 $63,160,000 $279,469
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 186 $61,040,000 $328,172
COLORADO SPRINGS, CO 212 $60,710,000 $286,368
CHARLOTTE-CONCORD-GASTONIA, NC-SC 252 $59,240,000 $235,079
SEATTLE-BELLEVUE-KENT, WA 159 $57,685,000 $362,799
NEWARK, NJ-PA 202 $56,420,000 $279,307
BAKERSFIELD, CA 226 $53,330,000 $235,973
MERCED, CA 205 $52,735,000 $257,244
SAN ANTONIO-NEW BRAUNFELS, TX 220 $52,660,000 $239,364
STOCKTON, CA 168 $52,370,000 $311,726
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 86 $52,200,000 $606,977
TACOMA-LAKEWOOD, WA 166 $51,820,000 $312,169
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 176 $50,000,000 $284,091
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 185 $48,575,000 $262,568
FRESNO, CA 198 $47,270,000 $238,737
SALT LAKE CITY, UT 144 $45,360,000 $315,000
CHICAGO-NAPERVILLE-EVANSTON, IL 192 $42,420,000 $220,938
NEW ORLEANS-METAIRIE, LA 185 $40,405,000 $218,405
OCALA, FL 248 $39,470,000 $159,153
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 142 $38,750,000 $272,887
CAMDEN, NJ 193 $37,895,000 $196,347
OXNARD-THOUSAND OAKS-VENTURA, CA 80 $37,710,000 $471,375
GAINESVILLE, FL 161 $37,315,000 $231,770
ORLANDO-KISSIMMEE-SANFORD, FL 150 $37,180,000 $247,867
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 109 $36,065,000 $330,872
RALEIGH-CARY, NC 150 $35,730,000 $238,200
ST. LOUIS, MO-IL 178 $35,710,000 $200,618
PHILADELPHIA, PA 190 $35,220,000 $185,368
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 152 $33,360,000 $219,474
COLUMBUS, OH 153 $30,815,000 $201,405
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 50 $30,390,000 $607,800
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 165 $29,895,000 $181,182
VALLEJO, CA 78 $29,610,000 $379,615
PORT ST. LUCIE, FL 132 $28,750,000 $217,803
MIAMI-MIAMI BEACH-KENDALL, FL 99 $28,085,000 $283,687
CAPE CORAL-FORT MYERS, FL 131 $26,725,000 $204,008
RICHMOND, VA 103 $26,665,000 $258,883
WILMINGTON, DE-MD-NJ 111 $25,035,000 $225,541
URBAN HONOLULU, HI 49 $24,995,000 $510,102
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 105 $24,995,000 $238,048
SALINAS, CA 47 $24,285,000 $516,702
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 98 $23,950,000 $244,388
NASSAU COUNTY-SUFFOLK COUNTY, NY 60 $22,840,000 $380,667
PROVO-OREM, UT 71 $21,525,000 $303,169
CINCINNATI, OH-KY-IN 111 $21,375,000 $192,568
PROVIDENCE-WARWICK, RI-MA 87 $21,345,000 $245,345
SPRINGFIELD, MA 100 $20,540,000 $205,400
SANTA ROSA-PETALUMA, CA 46 $20,290,000 $441,087
JACKSONVILLE, FL 84 $19,760,000 $235,238
BOSTON, MA 54 $19,720,000 $365,185
RENO, NV 60 $18,620,000 $310,333
GREENVILLE-ANDERSON, SC 92 $17,640,000 $191,739
AUSTIN-ROUND ROCK-GEORGETOWN, TX 66 $17,130,000 $259,545
TUCSON, AZ 74 $16,450,000 $222,297
BOISE CITY, ID 67 $16,325,000 $243,657
DURHAM-CHAPEL HILL, NC 73 $16,115,000 $220,753
PALM BAY-MELBOURNE-TITUSVILLE, FL 73 $16,065,000 $220,068
BREMERTON-SILVERDALE-PORT ORCHARD, WA 50 $15,890,000 $317,800
WARREN-TROY-FARMINGTON HILLS, MI 80 $15,880,000 $198,500
ALBUQUERQUE, NM 74 $15,230,000 $205,811
OLYMPIA-LACEY-TUMWATER, WA 49 $15,215,000 $310,510
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 44 $15,120,000 $343,636
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 72 $15,120,000 $210,000
BATON ROUGE, LA 78 $14,710,000 $188,590
INDIANAPOLIS-CARMEL-ANDERSON, IN 67 $13,475,000 $201,119
FAYETTEVILLE, NC 78 $13,160,000 $168,718
SAVANNAH, GA 60 $12,970,000 $216,167
SANTA MARIA-SANTA BARBARA, CA 32 $12,520,000 $391,250
MILWAUKEE-WAUKESHA, WI 70 $12,400,000 $177,143
NORTH PORT-SARASOTA-BRADENTON, FL 51 $12,285,000 $240,882
SPOKANE-SPOKANE VALLEY, WA 49 $12,245,000 $249,898
CHARLESTON-NORTH CHARLESTON, SC 51 $12,155,000 $238,333
PITTSBURGH, PA 65 $11,405,000 $175,462
PRESCOTT VALLEY-PRESCOTT, AZ 48 $11,340,000 $236,250
BRIDGEPORT-STAMFORD-NORWALK, CT 38 $11,110,000 $292,368
READING, PA 60 $10,970,000 $182,833
LAKELAND-WINTER HAVEN, FL 54 $10,840,000 $200,741
ST. GEORGE, UT 36 $10,500,000 $291,667
GREELEY, CO 35 $10,225,000 $292,143
WORCESTER, MA-CT 40 $10,120,000 $253,000
EUGENE-SPRINGFIELD, OR 40 $10,040,000 $251,000
CLARKSVILLE, TN-KY 48 $10,020,000 $208,750
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 51 $9,685,000 $189,902
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 50 $9,630,000 $192,600
OKLAHOMA CITY, OK 46 $9,500,000 $206,522
BIRMINGHAM-HOOVER, AL 46 $9,190,000 $199,783
MADERA, CA 43 $9,075,000 $211,047
SANTA CRUZ-WATSONVILLE, CA 17 $9,035,000 $531,471
KAHULUI-WAILUKU-LAHAINA, HI 19 $8,925,000 $469,737
ASHEVILLE, NC 35 $8,865,000 $253,286
SPARTANBURG, SC 45 $8,615,000 $191,444
EAST STROUDSBURG, PA 49 $8,265,000 $168,673
COLUMBIA, SC 43 $8,195,000 $190,581
KNOXVILLE, TN 43 $8,065,000 $187,558
YAKIMA, WA 39 $7,965,000 $204,231
DETROIT-DEARBORN-LIVONIA, MI 47 $7,855,000 $167,128
KENNEWICK-RICHLAND, WA 31 $7,755,000 $250,161
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 26 $7,720,000 $296,923
SALEM, OR 29 $7,715,000 $266,034
FORT COLLINS, CO 23 $7,455,000 $324,130
MEMPHIS, TN-MS-AR 32 $7,400,000 $231,250
NEW HAVEN-MILFORD, CT 36 $7,280,000 $202,222
SAN LUIS OBISPO-PASO ROBLES, CA 15 $7,125,000 $475,000
ELKHART-GOSHEN, IN 43 $6,825,000 $158,721
LAFAYETTE, LA 40 $6,770,000 $169,250
FLAGSTAFF, AZ 26 $6,650,000 $255,769
PENSACOLA-FERRY PASS-BRENT, FL 28 $6,530,000 $233,214
CLEVELAND-ELYRIA, OH 34 $6,290,000 $185,000
WILMINGTON, NC 25 $5,755,000 $230,200
YUBA CITY, CA 19 $5,695,000 $299,737
GRAND JUNCTION, CO 24 $5,440,000 $226,667
SHERMAN-DENISON, TX 32 $5,370,000 $167,813
AUGUSTA-RICHMOND COUNTY, GA-SC 30 $5,310,000 $177,000
VISALIA, CA 23 $5,305,000 $230,652
LUBBOCK, TX 31 $5,255,000 $169,516
DAYTON-KETTERING, OH 26 $5,120,000 $196,923
GREENSBORO-HIGH POINT, NC 22 $5,070,000 $230,455
PORTLAND-SOUTH PORTLAND, ME 20 $5,050,000 $252,500
KANSAS CITY, MO-KS 21 $5,035,000 $239,762
EL CENTRO, CA 27 $4,915,000 $182,037
LONGVIEW, WA 19 $4,875,000 $256,579
NAPLES-MARCO ISLAND, FL 19 $4,855,000 $255,526
MEDFORD, OR 18 $4,830,000 $268,333
HUNTSVILLE, AL 25 $4,775,000 $191,000
SAN RAFAEL, CA 8 $4,750,000 $593,750
HANFORD-CORCORAN, CA 19 $4,745,000 $249,737
ATHENS-CLARKE COUNTY, GA 21 $4,625,000 $220,238
ELGIN, IL 21 $4,625,000 $220,238
COEUR D'ALENE, ID 16 $4,620,000 $288,750
PUNTA GORDA, FL 19 $4,615,000 $242,895
BARNSTABLE TOWN, MA 15 $4,305,000 $287,000
PUEBLO, CO 19 $4,185,000 $220,263
GARY, IN 21 $4,165,000 $198,333
LAKE COUNTY-KENOSHA COUNTY, IL-WI 18 $4,140,000 $230,000
WINSTON-SALEM, NC 24 $4,130,000 $172,083
TRENTON-PRINCETON, NJ 17 $4,025,000 $236,765
HICKORY-LENOIR-MORGANTON, NC 20 $4,000,000 $200,000
MACON-BIBB COUNTY, GA 21 $3,995,000 $190,238
LONGVIEW, TX 18 $3,990,000 $221,667
WINCHESTER, VA-WV 16 $3,870,000 $241,875
HILTON HEAD ISLAND-BLUFFTON, SC 15 $3,835,000 $255,667
CHICO, CA 15 $3,815,000 $254,333
LAKE CHARLES, LA 21 $3,775,000 $179,762
BELLINGHAM, WA 13 $3,715,000 $285,769
DECATUR, AL 24 $3,710,000 $154,583
BOULDER, CO 8 $3,680,000 $460,000
LOUISVILLE/JEFFERSON COUNTY, KY-IN 18 $3,570,000 $198,333
MOUNT VERNON-ANACORTES, WA 12 $3,550,000 $295,833
REDDING, CA 13 $3,535,000 $271,923
TULSA, OK 19 $3,495,000 $183,947
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 14 $3,420,000 $244,286
HOMOSASSA SPRINGS, FL 19 $3,395,000 $178,684
NAPA, CA 8 $3,390,000 $423,750
CORPUS CHRISTI, TX 11 $3,265,000 $296,818
SALISBURY, MD-DE 14 $3,100,000 $221,429
VINELAND-BRIDGETON, NJ 19 $3,055,000 $160,789
SOUTH BEND-MISHAWAKA, IN-MI 20 $3,030,000 $151,500
LOGAN, UT-ID 11 $2,945,000 $267,727
HAMMOND, LA 15 $2,945,000 $196,333
AMARILLO, TX 14 $2,940,000 $210,000
ANCHORAGE, AK 12 $2,930,000 $244,167
SEBASTIAN-VERO BEACH, FL 12 $2,900,000 $241,667
MANCHESTER-NASHUA, NH 11 $2,825,000 $256,818
CHEYENNE, WY 12 $2,820,000 $235,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 20 $2,800,000 $140,000
SANTA FE, NM 10 $2,790,000 $279,000
BURLINGTON, NC 15 $2,735,000 $182,333
HAGERSTOWN-MARTINSBURG, MD-WV 12 $2,710,000 $225,833
BUFFALO-CHEEKTOWAGA, NY 17 $2,705,000 $159,118
LANCASTER, PA 14 $2,690,000 $192,143
LEXINGTON-FAYETTE, KY 13 $2,665,000 $205,000
JACKSONVILLE, NC 13 $2,595,000 $199,615
IDAHO FALLS, ID 14 $2,580,000 $184,286
EL PASO, TX 14 $2,570,000 $183,571
DOVER, DE 11 $2,555,000 $232,273
GAINESVILLE, GA 12 $2,460,000 $205,000
TYLER, TX 11 $2,415,000 $219,545
SCRANTON--WILKES-BARRE, PA 16 $2,400,000 $150,000
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 9 $2,375,000 $263,889
CALIFORNIA-LEXINGTON PARK, MD 8 $2,350,000 $293,750
HOUMA-THIBODAUX, LA 14 $2,330,000 $166,429
LANSING-EAST LANSING, MI 14 $2,330,000 $166,429
CHATTANOOGA, TN-GA 11 $2,325,000 $211,364
HINESVILLE, GA 15 $2,295,000 $153,000
ALBANY-LEBANON, OR 9 $2,265,000 $251,667
THE VILLAGES, FL 11 $2,255,000 $205,000
YUMA, AZ 10 $2,200,000 $220,000
WENATCHEE, WA 7 $2,155,000 $307,857
GRAND RAPIDS-KENTWOOD, MI 11 $2,145,000 $195,000
HARRISBURG-CARLISLE, PA 11 $2,125,000 $193,182
MONTGOMERY, AL 10 $2,120,000 $212,000
NORWICH-NEW LONDON, CT 9 $2,085,000 $231,667
TALLAHASSEE, FL 11 $2,035,000 $185,000
AKRON, OH 11 $2,005,000 $182,273
DES MOINES-WEST DES MOINES, IA 9 $1,985,000 $220,556
GREEN BAY, WI 10 $1,970,000 $197,000
MOBILE, AL 13 $1,925,000 $148,077
MCALLEN-EDINBURG-MISSION, TX 10 $1,870,000 $187,000
WARNER ROBINS, GA 9 $1,865,000 $207,222
KILLEEN-TEMPLE, TX 9 $1,845,000 $205,000
LYNCHBURG, VA 8 $1,800,000 $225,000
ANN ARBOR, MI 8 $1,780,000 $222,500
LAS CRUCES, NM 6 $1,750,000 $291,667
SHREVEPORT-BOSSIER CITY, LA 8 $1,720,000 $215,000
WICHITA FALLS, TX 15 $1,655,000 $110,333
ATLANTIC CITY-HAMMONTON, NJ 8 $1,640,000 $205,000
PANAMA CITY, FL 6 $1,630,000 $271,667
JANESVILLE-BELOIT, WI 8 $1,620,000 $202,500
OCEAN CITY, NJ 7 $1,555,000 $222,143
GOLDSBORO, NC 7 $1,425,000 $203,571
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 7 $1,425,000 $203,571
KINGSPORT-BRISTOL, TN-VA 9 $1,395,000 $155,000
HOT SPRINGS, AR 5 $1,375,000 $275,000
OMAHA-COUNCIL BLUFFS, NE-IA 7 $1,375,000 $196,429
MISSOULA, MT 5 $1,295,000 $259,000
BOWLING GREEN, KY 5 $1,285,000 $257,000
BANGOR, ME 9 $1,255,000 $139,444
BILLINGS, MT 6 $1,250,000 $208,333
GRANTS PASS, OR 5 $1,205,000 $241,000
TWIN FALLS, ID 6 $1,190,000 $198,333
CARSON CITY, NV 4 $1,170,000 $292,500
FLORENCE, SC 6 $1,160,000 $193,333
RACINE, WI 6 $1,120,000 $186,667
WACO, TX 5 $1,115,000 $223,000
BRUNSWICK, GA 7 $1,075,000 $153,571
ALBANY-SCHENECTADY-TROY, NY 5 $1,065,000 $213,000
MONROE, LA 6 $1,040,000 $173,333
LINCOLN, NE 5 $1,035,000 $207,000
DAPHNE-FAIRHOPE-FOLEY, AL 4 $1,030,000 $257,500
YORK-HANOVER, PA 5 $1,025,000 $205,000
CLEVELAND, TN 4 $1,020,000 $255,000
ROANOKE, VA 6 $1,020,000 $170,000
BEND, OR 4 $1,020,000 $255,000
CANTON-MASSILLON, OH 5 $1,015,000 $203,000
COLUMBUS, GA-AL 4 $990,000 $247,500
IOWA CITY, IA 4 $960,000 $240,000
SIERRA VISTA-DOUGLAS, AZ 6 $960,000 $160,000
SPRINGFIELD, IL 5 $935,000 $187,000
TUSCALOOSA, AL 4 $910,000 $227,500
ROCHESTER, NY 5 $905,000 $181,000
FORT WAYNE, IN 5 $835,000 $167,000
DULUTH, MN-WI 4 $830,000 $207,500
AUBURN-OPELIKA, AL 4 $830,000 $207,500
ANNISTON-OXFORD, AL 5 $795,000 $159,000
ODESSA, TX 3 $795,000 $265,000
BEAUMONT-PORT ARTHUR, TX 4 $790,000 $197,500
SYRACUSE, NY 4 $790,000 $197,500
JOHNSON CITY, TN 4 $780,000 $195,000
COLLEGE STATION-BRYAN, TX 3 $775,000 $258,333
LAFAYETTE-WEST LAFAYETTE, IN 3 $775,000 $258,333
GREENVILLE, NC 2 $750,000 $375,000
JACKSON, MS 3 $745,000 $248,333
MIDLAND, TX 3 $735,000 $245,000
TOLEDO, OH 3 $715,000 $238,333
WICHITA, KS 4 $690,000 $172,500
CASPER, WY 3 $685,000 $228,333
WALLA WALLA, WA 3 $685,000 $228,333
MANKATO, MN 3 $675,000 $225,000
MORRISTOWN, TN 3 $665,000 $221,667
NEW BERN, NC 3 $655,000 $218,333
ST. CLOUD, MN 3 $645,000 $215,000
CHAMPAIGN-URBANA, IL 4 $630,000 $157,500
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 2 $630,000 $315,000
FLINT, MI 4 $620,000 $155,000
FARMINGTON, NM 3 $615,000 $205,000
HUNTINGTON-ASHLAND, WV-KY-OH 3 $605,000 $201,667
LAREDO, TX 2 $600,000 $300,000
MICHIGAN CITY-LA PORTE, IN 3 $595,000 $198,333
ROCKY MOUNT, NC 4 $590,000 $147,500
APPLETON, WI 3 $585,000 $195,000
WILLIAMSPORT, PA 3 $585,000 $195,000
GRAND FORKS, ND-MN 2 $560,000 $280,000
EVANSVILLE, IN-KY 3 $555,000 $185,000
LAWTON, OK 2 $540,000 $270,000
NILES, MI 2 $540,000 $270,000
CUMBERLAND, MD-WV 3 $535,000 $178,333
SPRINGFIELD, OH 4 $530,000 $132,500
SUMTER, SC 3 $515,000 $171,667
TOPEKA, KS 4 $510,000 $127,500
CARBONDALE-MARION, IL 3 $485,000 $161,667
ABILENE, TX 3 $465,000 $155,000
GLENS FALLS, NY 2 $460,000 $230,000
WAUSAU-WESTON, WI 2 $450,000 $225,000
ALBANY, GA 2 $440,000 $220,000
CHARLOTTESVILLE, VA 2 $440,000 $220,000
SEBRING-AVON PARK, FL 3 $435,000 $145,000
DOTHAN, AL 2 $430,000 $215,000
JACKSON, MI 3 $425,000 $141,667
LEWISTON, ID-WA 3 $425,000 $141,667
VALDOSTA, GA 2 $420,000 $210,000
BLOOMINGTON, IN 2 $410,000 $205,000
FOND DU LAC, WI 1 $405,000 $405,000
DALTON, GA 2 $400,000 $200,000
WHEELING, WV-OH 2 $390,000 $195,000
LEBANON, PA 2 $380,000 $190,000
CHAMBERSBURG-WAYNESBORO, PA 2 $380,000 $190,000
MADISON, WI 2 $380,000 $190,000
ROCKFORD, IL 2 $370,000 $185,000
STATE COLLEGE, PA 2 $370,000 $185,000
JOPLIN, MO 2 $360,000 $180,000
MUSKEGON, MI 2 $350,000 $175,000
SPRINGFIELD, MO 2 $350,000 $175,000
BLACKSBURG-CHRISTIANSBURG, VA 2 $350,000 $175,000
EAU CLAIRE, WI 1 $345,000 $345,000
BISMARCK, ND 1 $315,000 $315,000
FLORENCE-MUSCLE SHOALS, AL 1 $305,000 $305,000
JONESBORO, AR 2 $300,000 $150,000
COLUMBIA, MO 2 $300,000 $150,000
MANSFIELD, OH 1 $285,000 $285,000
TEXARKANA, TX-AR 2 $270,000 $135,000
KALAMAZOO-PORTAGE, MI 1 $265,000 $265,000
KANKAKEE, IL 1 $265,000 $265,000
MONROE, MI 1 $255,000 $255,000
ROME, GA 1 $245,000 $245,000
PEORIA, IL 2 $240,000 $120,000
LEWISTON-AUBURN, ME 1 $235,000 $235,000
JEFFERSON CITY, MO 1 $215,000 $215,000
FARGO, ND-MN 1 $205,000 $205,000
POCATELLO, ID 2 $200,000 $100,000
KOKOMO, IN 1 $185,000 $185,000
BLOOMSBURG-BERWICK, PA 1 $185,000 $185,000
CEDAR RAPIDS, IA 1 $185,000 $185,000
VICTORIA, TX 1 $185,000 $185,000
BAY CITY, MI 1 $185,000 $185,000
ELMIRA, NY 1 $175,000 $175,000
ST. JOSEPH, MO-KS 1 $175,000 $175,000
ELIZABETHTOWN-FORT KNOX, KY 1 $165,000 $165,000
BROWNSVILLE-HARLINGEN, TX 1 $165,000 $165,000
JACKSON, TN 1 $155,000 $155,000
STAUNTON, VA 1 $155,000 $155,000
MANHATTAN, KS 1 $145,000 $145,000
WEIRTON-STEUBENVILLE, WV-OH 1 $145,000 $145,000
ALTOONA, PA 1 $135,000 $135,000
ERIE, PA 1 $135,000 $135,000
SHEBOYGAN, WI 1 $135,000 $135,000
ALEXANDRIA, LA 1 $125,000 $125,000
OWENSBORO, KY 1 $125,000 $125,000
DANVILLE, IL 1 $125,000 $125,000
SIOUX CITY, IA-NE-SD 1 $115,000 $115,000
DECATUR, IL 1 $115,000 $115,000
UTICA-ROME, NY 1 $95,000 $95,000
GADSDEN, AL 1 $85,000 $85,000
SAN ANGELO, TX 1 $85,000 $85,000
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 1 $75,000 $75,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
2.5-3% 306 $108,220,000 $353,660
3-4% 11,272 $3,476,380,000 $308,408
4-5% 10,473 $2,816,905,000 $268,968
5-6% 2,857 $680,735,000 $238,269
6-7% 107 $36,905,000 $344,907
7-8% 69 $23,425,000 $339,493
Over 8% 51 $17,475,000 $342,647

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 784 $63,460,000 $80,944
$100k-200k 6,756 $1,068,580,000 $158,168
$200k-400k 13,065 $3,706,655,000 $283,709
$400k-600k 3,754 $1,759,950,000 $468,820
$600k-1000k 738 $511,780,000 $693,469
$Over $1MM 38 $49,620,000 $1,305,789

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 360 $78,150,000 $217,083
40-60% 1,438 $386,440,000 $268,734
60-80% 5,916 $1,734,110,000 $293,122
80-100% 16,825 $4,769,535,000 $283,479
Over 100% 555 $185,885,000 $334,928
Under 20% 41 $5,925,000 $144,512

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 4,482 $1,543,330,000 $344,340
$150k-250k 1,992 $806,610,000 $404,925
$50k-75k 6,202 $1,417,060,000 $228,484
$50k-or less 3,880 $658,210,000 $169,642
$75k-100k 4,609 $1,327,955,000 $288,122
$Over $250k 525 $252,475,000 $480,905

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 18,143 $5,104,945,000 $281,373
Not provided 3,055 $939,865,000 $307,648
Black 2,914 $759,340,000 $260,583
Asian 781 $278,655,000 $356,793
Native Hawaiian 132 $47,340,000 $358,636
American Indian 107 $28,875,000 $269,860
Other Asian 1 $485,000 $485,000
Filipino 1 $335,000 $335,000
Other Pacific Islander 1 $205,000 $205,000

Approval Rates

Total approvals of all applications
96.94%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
53.63%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
NA 25,135 $7,160,045,000 $284,864

Origination Fees

Origination Fee Originations Total Value Average Loan

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 632 $101,690,000 $160,902
Single Family (1-4 Units):Site-Built 24,503 $7,058,355,000 $288,061