Hunt Mortgage Corporation Rates, Fees & Info

LANCASTER, NY

LEI: 5493008TO7JB5Q4IKZ94

Tax ID: 16-1222429

4.9 stars - out of 5 stars, based on 51 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Hunt Mortgage Corporation is a smaller mortgage company specializing in Home Purchase loans. Hunt Mortgage 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 include Buffalo, Colorado Springs, Syracuse, Rochester, and Birmingham among others. Hunt Mortgage Corporation has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Hunt Mortgage Corporation is typically an average fee lendor.


Originations

2,613

Origination Dollar Volume (All Markets)

$571,025,000

Awards

HUNT MORTGAGE CORPORATION 30 Year Conventional Loans gold HUNT MORTGAGE CORPORATION 30 Year Conventional Loans bronze HUNT MORTGAGE CORPORATION 30 Year Conventional Loans gold
Show all (3) awards

Relative Rate

Hunt Mortgage Corporation's average 30 year fixed rate mortgage of loans were 3.14%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.01%.

Relative Fees

Hunt Mortgage Corporation's average total fees for a 30 year fixed rate mortgage are $4,843.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1,227 $253,735,000 $206,793 $4,307 3.13%
COLORADO SPRINGS, CO (FHA|USDA|VA) 143 $55,705,000 $389,545 $7,088 2.76%
SYRACUSE, NY (FHA|USDA|VA) 298 $52,970,000 $177,752 $5,055 3.11%
ROCHESTER, NY (FHA|USDA|VA) 250 $48,230,000 $192,920 $4,304 3.13%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 128 $28,950,000 $226,172 $4,487 3.02%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 85 $25,705,000 $302,412 $4,408 3.24%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 30 $11,510,000 $383,667 $5,204 3.00%
WORCESTER, MA-CT (FHA|USDA|VA) 36 $11,330,000 $314,722 $5,204 3.15%
UTICA-ROME, NY (FHA|USDA|VA) 59 $9,025,000 $152,966 $4,977 3.25%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 29 $7,395,000 $255,000 $6,094 3.07%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 28 $6,310,000 $225,357 $7,455 3.03%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 33 $6,275,000 $190,152 $4,414 3.02%
Outside of Metro Areas 34 $6,000,000 $176,471 $4,497 3.10%
THE VILLAGES, FL (FHA|USDA|VA) 20 $4,610,000 $230,500 $6,082 2.98%
Batavia, NY (FHA|USDA|VA) 26 $4,070,000 $156,538 $4,077 3.08%
Talladega-Sylacauga, AL (FHA|USDA|VA) 19 $3,255,000 $171,316 $4,708 3.09%
Olean, NY (FHA|USDA|VA) 14 $2,680,000 $191,429 $4,596 3.08%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 7 $2,675,000 $382,143 $6,212 2.59%
OCALA, FL (FHA|USDA|VA) 12 $2,490,000 $207,500 $5,458 3.03%
FAYETTEVILLE, NC (FHA|USDA|VA) 14 $2,310,000 $165,000 $5,496 3.10%
Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 14 $2,110,000 $150,714 $4,638 3.23%
PUEBLO, CO (FHA|USDA|VA) 7 $2,045,000 $292,143 $5,789 3.20%
GADSDEN, AL (FHA|USDA|VA) 11 $1,745,000 $158,636 $4,902 2.73%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 9 $1,475,000 $163,889 $5,317 2.93%
TUSCALOOSA, AL (FHA|USDA|VA) 7 $1,355,000 $193,571 $3,966 3.04%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 3 $1,315,000 $438,333 $6,889 3.17%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 3 $1,265,000 $421,667 $5,999 3.13%
Auburn, NY (FHA|USDA|VA) 8 $1,250,000 $156,250 $5,557 3.28%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 3 $1,205,000 $401,667 $6,379 3.04%
Corning, NY (FHA|USDA|VA) 5 $985,000 $197,000 $4,653 3.03%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $885,000 $295,000 $4,507 2.92%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $865,000 $288,333 $5,049 3.29%
GLENS FALLS, NY (FHA|USDA|VA) 5 $695,000 $139,000 $5,423 2.98%
BURLINGTON, NC (FHA|USDA|VA) 3 $655,000 $218,333 $8,878 4.04%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $630,000 $315,000 $10,374 2.75%
SPRINGFIELD, MA (FHA|USDA|VA) 3 $625,000 $208,333 $5,927 3.63%
Sanford, NC (FHA|USDA|VA) 4 $560,000 $140,000 $5,059 3.16%
Durango, CO (FHA|USDA|VA) 1 $535,000 $535,000 $4,003 2.63%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $530,000 $265,000 $8,433 2.94%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $500,000 $250,000 $5,371 2.69%
Ogdensburg-Massena, NY (FHA|USDA|VA) 3 $495,000 $165,000 $5,282 3.38%
Nogales, AZ (FHA|USDA|VA) 1 $475,000 $475,000 $3,563 3.25%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $425,000 $425,000 $6,395 3.13%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $345,000 $345,000 $3,087 3.50%
Jasper, AL (FHA|USDA|VA) 2 $330,000 $165,000 $4,240 3.13%
Morehead City, NC (FHA|USDA|VA) 1 $285,000 $285,000 $3,003 3.50%
Enterprise, AL (FHA|USDA|VA) 1 $235,000 $235,000 $2,383 2.50%
Amsterdam, NY (FHA|USDA|VA) 1 $205,000 $205,000 $9,192 3.75%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $205,000 $205,000 $3,967 3.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $195,000 $195,000 $8,062 3.63%
Cullman, AL (FHA|USDA|VA) 1 $195,000 $195,000 $4,792 2.88%
KINGSTON, NY (FHA|USDA|VA) 1 $165,000 $165,000 $5,742 2.50%
Oneonta, NY (FHA|USDA|VA) 1 $155,000 $155,000 $6,576 3.00%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $155,000 $155,000 $4,429 3.50%
Show Low, AZ (FHA|USDA|VA) 1 $135,000 $135,000 $3,970 2.63%
MOBILE, AL (FHA|USDA|VA) 1 $135,000 $135,000 $4,075 3.25%
BINGHAMTON, NY (FHA|USDA|VA) 1 $135,000 $135,000 $4,963 3.75%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $7,373 3.88%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $95,000 $95,000 $5,160 3.88%
Seneca Falls, NY (FHA|USDA|VA) 1 $75,000 $75,000 $4,398 2.75%

Hunt Mortgage Corporation's top markets include Buffalo, Colorado Springs, Syracuse, Rochester, and Birmingham among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,876 $412,550,000 $219,909 $3,918 3.11%
FHA 488 $86,910,000 $178,094 $6,744 3.15%
VA 208 $65,190,000 $313,413 $7,265 2.86%
USDA 41 $6,375,000 $155,488 $5,172 3.03%

For the 2021 period, Hunt Mortgage Corporation's most frequently originated loan type of loans were Conventional, with 1,876 originations. Their 2nd most popular type is FHA, with 488 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 2,190 $474,420,000 $216,630 $4,906 3.12%
Refi 222 $50,740,000 $228,559 $3,458 2.83%
Cash Out Refi 201 $45,865,000 $228,184 $4,257 3.14%

For the 2021, Hunt Mortgage Corporation's most frequently cited loan purpose of loans were Home Purchase, with 2,190 originations. The 2nd most popular reason of loans were Refi, with 222 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 2,381 $524,605,000 $220,330 $4,843 3.14%
15 Year 179 $34,855,000 $194,721 $3,536 2.59%
20 Year 40 $9,470,000 $236,750 $4,027 3.00%
10 Year 12 $2,010,000 $167,500 $3,033 2.44%
Other 1 $85,000 $85,000 $4,303 3.00%

For the 2021, Hunt Mortgage Corporation's most frequently cited loan length of loans were 30 Year, with 2,381 originations. The 2nd most popular length of loans were 15 Year, with 179 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,287 $267,345,000 $207,727
$2k-3k 486 $99,600,000 $204,938
$<1k 467 $110,085,000 $235,728
$3k-4k 284 $63,110,000 $222,218
$5k+ 87 $30,605,000 $351,782

$4,843 of loans were Hunt Mortgage Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,287 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 1,435 $301,675,000 $210,226
2.5-3% 987 $219,535,000 $222,427
<2.5% 175 $47,235,000 $269,914
4-5% 16 $2,580,000 $161,250

During 2021, Hunt Mortgage Corporation's average interest rate of loans were 3.14%, while their most frequently originated rate bucket of loans were 3-4%, with 1,435 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 1,178 $179,680,000 $152,530 $4,318 3.12%
$200k-400k 1,044 $282,590,000 $270,680 $4,983 3.09%
$100,000 or less 202 $16,280,000 $80,594 $3,712 3.17%
$400k-600k 177 $83,665,000 $472,684 $6,508 2.98%
$600k-1MM 11 $7,485,000 $680,455 $11,707 2.84%
$1MM+ 1 $1,325,000 $1,325,000 $46,965 2.25%

2021 saw Hunt Mortgage Corporation place emphasis on $100k-200k loans with 1,178 originations, totaling $179,680,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 734 $140,200,000 $191,008 $4,831 3.12%
$50k or less 551 $78,895,000 $143,185 $4,212 3.08%
$100k-150k 501 $131,265,000 $262,006 $4,884 3.13%
$75k-100k 494 $111,810,000 $226,336 $4,856 3.09%
$150k-250k 268 $84,720,000 $316,119 $4,751 3.06%
$250k+ 61 $23,345,000 $382,705 $6,021 3.09%

Hunt Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 734 originations. The second most popular income band? $50k or less, with 551 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 531 $115,035,000 $216,638 $4,466 3.13%
20-30% 529 $113,205,000 $213,998 $4,186 3.07%
50-60% 157 $36,095,000 $229,904 $7,338 3.00%
<20% 154 $32,410,000 $210,455 $3,904 3.02%
36% 120 $26,420,000 $220,167 $4,403 3.12%
39% 108 $22,530,000 $208,611 $4,501 3.09%
38% 103 $23,585,000 $228,981 $4,744 3.11%
41% 102 $23,490,000 $230,294 $4,569 3.17%
42% 101 $21,545,000 $213,317 $5,421 3.16%
44% 97 $19,115,000 $197,062 $4,932 3.16%
37% 95 $19,655,000 $206,895 $4,783 3.15%
40% 85 $19,095,000 $224,647 $4,741 3.14%
43% 82 $18,890,000 $230,366 $4,731 3.14%
49% 71 $15,795,000 $222,465 $5,125 3.17%
45% 71 $15,725,000 $221,479 $5,523 3.09%
46% 66 $14,860,000 $225,152 $5,152 3.06%
48% 61 $13,425,000 $220,082 $5,305 3.18%
47% 57 $12,315,000 $216,053 $4,533 3.15%
>60% 16 $6,460,000 $403,750 $5,435 2.38%

Hunt Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 531 originations. The next most common DTI ratio? 20-30%, with 529 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 2,239 $485,905,000 $217,019 $4,635 3.10%
Black 141 $27,715,000 $196,560 $5,211 3.17%
Not provided 102 $26,680,000 $261,569 $5,587 3.05%
Asian 94 $20,610,000 $219,255 $4,877 3.10%
American Indian 15 $4,145,000 $276,333 $5,349 3.03%
Other Asian 10 $2,890,000 $289,000 $4,990 3.05%
Asian Indian 8 $1,660,000 $207,500 $4,275 3.08%
Native Hawaiian 1 $605,000 $605,000 $30,970 2.75%
Guamanian 1 $485,000 $485,000 $15,956 2.25%
Other Pacific Islander 2 $330,000 $165,000 $7,186 3.19%

Approval Rates

Total approvals of all applications
96.03%

Hunt Mortgage Corporation 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
85.81%

Hunt Mortgage Corporation has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 2,613 $571,025,000 $218,532

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,613 $571,025,000 $218,532

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 42 $5,710,000 $135,952 $3,168 2.80%
40-60% 163 $32,875,000 $201,687 $3,387 2.87%
60-80% 668 $150,430,000 $225,195 $4,246 3.15%
80-100% 1,694 $365,560,000 $215,797 $4,874 3.12%
Over 100% 42 $16,190,000 $385,476 $13,791 2.77%
Under 20% 4 $260,000 $65,000 $2,488 2.50%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
HUNTINGTON NATIONAL BANK, THE VA mortgage Trouble during payment process 2 1.6%
HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 15 12.2%
HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Closing on a mortgage 7 5.7%
HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Struggling to pay mortgage 9 7.3%
HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Trouble during payment process 46 37.4%
HUNTINGTON NATIONAL BANK, THE FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 1.6%
HUNTINGTON NATIONAL BANK, THE FHA mortgage Incorrect information on your report 2 1.6%
HUNTINGTON NATIONAL BANK, THE FHA mortgage Struggling to pay mortgage 3 2.4%
HUNTINGTON NATIONAL BANK, THE FHA mortgage Trouble during payment process 8 6.5%
HUNTINGTON NATIONAL BANK, THE Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 4 3.3%
HUNTINGTON NATIONAL BANK, THE Home equity loan or line of credit (HELOC) Closing on a mortgage 5 4.1%
HUNTINGTON NATIONAL BANK, THE Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 0.8%
HUNTINGTON NATIONAL BANK, THE Home equity loan or line of credit (HELOC) Trouble during payment process 6 4.9%
HUNTINGTON NATIONAL BANK, THE Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 3 2.4%
HUNTINGTON NATIONAL BANK, THE Other type of mortgage Closing on a mortgage 1 0.8%
HUNTINGTON NATIONAL BANK, THE Other type of mortgage Struggling to pay mortgage 3 2.4%
HUNTINGTON NATIONAL BANK, THE Other type of mortgage Trouble during payment process 4 3.3%
HUNTINGTON NATIONAL BANK, THE VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.8%
HUNTINGTON NATIONAL BANK, THE VA mortgage Closing on a mortgage 1 0.8%