Hunt Mortgage Corporation Rates, Fees & Info

LANCASTER, NY

LEI: 5493008TO7JB5Q4IKZ94

Tax ID: 16-1222429

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Mortgage Data

Review & 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 by origination volume include: Buffalo, Syracuse, Rochester, Colorado Springs, and Phoenix among others. We have data for 35 markets. (Some data included below & more in-depth data is available with an active subscription.)

Hunt Mortgage Corporation 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. Hunt Mortgage Corporation 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.

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 6.68% 11/17/24
30 Year Conventional Refi 6.36% 11/17/24
30 Year Cash-out Refi 6.64% 11/17/24
30 Year FHA Purchase 7.33% 11/17/24
30 Year FHA Refi 6.27% 11/17/24
30 Year VA Purchase 6.17% 11/17/24
30 Year VA Refi 5.75% 11/17/24
30 Year USDA Purchase 6.57% 11/17/24
15 Year Conventional Purchase 6.11% 11/17/24
15 Year Conventional Refi 6.24% 11/17/24
15 Year Cash-out Refi 6.24% 11/17/24
15 Year VA Purchase 5.68% 11/17/24
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.

Hunt Mortgage Corporation Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Hunt Mortgage Corporation. 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

1,733

Origination Dollar Volume (All Markets)

$289,835,000

Awards

HUNT MORTGAGE CORPORATION 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
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1,036 $166,730,000 $160,936 $4,078 4.83%
SYRACUSE, NY (FHA|USDA|VA) 215 $33,265,000 $154,721 $4,647 4.80%
ROCHESTER, NY (FHA|USDA|VA) 171 $24,865,000 $145,409 $4,101 4.81%
COLORADO SPRINGS, CO (FHA|USDA|VA) 63 $19,855,000 $315,159 $6,691 4.38%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 60 $13,920,000 $232,000 $5,100 4.83%
UTICA-ROME, NY (FHA|USDA|VA) 35 $4,305,000 $123,000 $4,003 4.75%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 24 $3,600,000 $150,000 $5,250 4.82%
WORCESTER, MA-CT (FHA|USDA|VA) 9 $2,575,000 $286,111 $4,150 4.99%
Batavia, NY (FHA|USDA|VA) 15 $2,125,000 $141,667 $3,889 4.72%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 10 $2,060,000 $206,000 $3,568 4.85%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 11 $2,035,000 $185,000 $7,028 4.72%
Outside of Metro Areas 15 $1,655,000 $110,333 $4,218 5.08%
FAYETTEVILLE, NC (FHA|USDA|VA) 10 $1,580,000 $158,000 $6,209 4.86%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 5 $1,445,000 $289,000 $5,097 5.25%
GLENS FALLS, NY (FHA|USDA|VA) 10 $1,200,000 $120,000 $4,891 5.05%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $850,000 $212,500 $3,317 4.91%
Corning, NY (FHA|USDA|VA) 7 $815,000 $116,429 $3,669 4.84%
Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 6 $810,000 $135,000 $4,691 4.94%
Olean, NY (FHA|USDA|VA) 6 $780,000 $130,000 $3,577 4.60%
Cañon City, CO (FHA|USDA|VA) 3 $775,000 $258,333 $6,753 4.50%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $635,000 $635,000 $7,169 4.38%
Gloversville, NY (FHA|USDA|VA) 2 $590,000 $295,000 $4,407 4.94%
Auburn, NY (FHA|USDA|VA) 2 $470,000 $235,000 $8,046 4.75%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $435,000 $435,000 $4,433 5.50%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $385,000 $385,000 $7,568 4.25%
PUEBLO, CO (FHA|USDA|VA) 1 $335,000 $335,000 $3,552 4.50%
KINGSTON, NY (FHA|USDA|VA) 1 $315,000 $315,000 $6,314 4.50%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $295,000 $295,000 $4,507 4.75%
Cortland, NY (FHA|USDA|VA) 2 $270,000 $135,000 $3,683 4.50%
Sanford, NC (FHA|USDA|VA) 1 $205,000 $205,000 $6,744 4.63%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $185,000 $185,000 $3,859 5.25%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,260 4.88%
Seneca Falls, NY (FHA|USDA|VA) 1 $135,000 $135,000 $5,545 5.50%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $115,000 $115,000 $4,441 4.88%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $65,000 $65,000 $3,195 5.50%
Hunt Mortgage Corporation's top markets include Buffalo, Syracuse, Rochester, Colorado Springs, and Phoenix among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against HUNT MORTGAGE CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Heritage South Credit Union
    Similarity Rank: 10
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,080 $178,770,000 $165,528 $3,527 4.80%
    FHA 414 $59,000,000 $142,512 $5,572 4.91%
    VA 209 $48,555,000 $232,321 $6,078 4.64%
    USDA 30 $3,510,000 $117,000 $4,287 4.94%

    For 2018, Hunt Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,080 originations. Their 2nd most popular type was FHA, with 414 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,679 $280,455,000 $167,037 $4,349 4.80%
    Cash Out Refi 44 $7,660,000 $174,091 $4,415 5.00%
    Refi 10 $1,720,000 $172,000 $3,126 4.71%

    For 2018, Hunt Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,679 originations. The 2nd most popular reason was Cash Out Refi, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,647 $276,715,000 $168,012 $4,386 4.83%
    15 Year 71 $11,135,000 $156,831 $3,504 4.29%
    20 Year 11 $1,505,000 $136,818 $3,796 4.70%
    10 Year 4 $480,000 $120,000 $2,842 4.25%

    For 2018, Hunt Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,647 originations. The 2nd most popular length was 15 Year, with 71 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,071 $170,475,000 $159,174
    $<1k 347 $62,965,000 $181,455
    $2k-3k 211 $34,765,000 $164,763
    $3k-4k 52 $9,910,000 $190,577
    $4k-5k 26 $6,880,000 $264,615
    $5k+ 12 $3,790,000 $315,833

    Hunt Mortgage Corporation's average total fees were $4,386, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,071 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,273 $218,675,000 $171,779
    5-6% 397 $60,155,000 $151,524
    3-4% 63 $11,005,000 $174,683

    During 2018, Hunt Mortgage Corporation's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 1,273 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 964 $139,450,000 $144,658 $4,137 4.83%
    $200k-400k 416 $108,380,000 $260,529 $5,194 4.74%
    $100,000 or less 313 $24,155,000 $77,173 $3,507 4.87%
    $400k-600k 39 $17,215,000 $441,410 $6,788 4.62%
    $600k-1MM 1 $635,000 $635,000 $7,169 4.38%

    2018 saw Hunt Mortgage Corporation place emphasis on $100k-200k loans with 964 originations, totaling $139,450,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 530 $80,620,000 $152,113 $4,281 4.80%
    $50k or less 428 $47,230,000 $110,350 $3,907 4.83%
    $75k-100k 342 $60,450,000 $176,754 $4,582 4.81%
    $100k-150k 297 $65,195,000 $219,512 $4,808 4.79%
    $150k-250k 112 $29,740,000 $265,536 $4,445 4.78%
    $250k+ 24 $6,600,000 $275,000 $3,944 4.83%

    Hunt Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 530 originations. The second most popular income band? $50k or less, with 428 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 331 $53,085,000 $160,378 $4,195 4.77%
    20-30% 305 $49,765,000 $163,164 $3,863 4.77%
    50-60% 148 $26,100,000 $176,351 $5,562 4.81%
    42% 80 $12,420,000 $155,250 $4,367 4.86%
    43% 74 $13,450,000 $181,757 $4,633 4.80%
    40% 74 $13,050,000 $176,351 $4,247 4.86%
    37% 71 $10,845,000 $152,746 $4,166 4.82%
    48% 67 $12,225,000 $182,463 $4,813 4.81%
    41% 64 $11,090,000 $173,281 $4,495 4.91%
    39% 63 $10,925,000 $173,413 $4,144 4.90%
    45% 59 $10,235,000 $173,475 $4,398 4.81%
    36% 59 $9,945,000 $168,559 $4,095 4.83%
    <20% 58 $9,070,000 $156,379 $3,677 4.73%
    44% 58 $10,300,000 $177,586 $4,868 4.84%
    38% 56 $9,570,000 $170,893 $4,196 4.85%
    47% 52 $8,370,000 $160,962 $4,669 4.83%
    49% 52 $8,630,000 $165,962 $4,038 4.85%
    46% 48 $8,320,000 $173,333 $4,374 4.84%
    >60% 13 $2,265,000 $174,231 $4,932 4.77%

    Hunt Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 331 originations. The next most common DTI ratio? 20-30%, with 305 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,609 $267,685,000 $166,367 $4,290 4.81%
    Black 55 $8,615,000 $156,636 $4,932 4.90%
    Not provided 29 $7,205,000 $248,448 $6,323 4.59%
    Asian 34 $5,220,000 $153,529 $4,306 4.69%
    American Indian 3 $585,000 $195,000 $3,452 4.92%
    Other Asian 1 $285,000 $285,000 $4,317 4.88%
    Native Hawaiian or Islander 2 $240,000 $120,000 $4,382 4.81%

    Approval Rates

    Total approvals of all applications
    94.01%

    Hunt Mortgage Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.00%

    Hunt Mortgage Corporation has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,733 $289,835,000 $167,245

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $660,000 $165,000
    Single Family (1-4 Units):Site-Built 1,729 $289,175,000 $167,250

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $2,395,000 $82,586 $3,028 4.55%
    40-60% 58 $7,840,000 $135,172 $3,216 4.68%
    60-80% 326 $52,090,000 $159,785 $3,604 4.87%
    80-100% 1,266 $214,300,000 $169,273 $4,402 4.81%
    Over 100% 53 $13,075,000 $246,698 $9,296 4.63%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.4%
    HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Closing on a mortgage 2 4.9%
    HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Struggling to pay mortgage 4 9.8%
    HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Trouble during payment process 13 31.7%
    HUNTINGTON NATIONAL BANK, THE FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.4%
    HUNTINGTON NATIONAL BANK, THE FHA mortgage Trouble during payment process 3 7.3%
    HUNTINGTON NATIONAL BANK, THE Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 4.9%
    HUNTINGTON NATIONAL BANK, THE Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 2.4%
    HUNTINGTON NATIONAL BANK, THE Home equity loan or line of credit (HELOC) Trouble during payment process 5 12.2%
    HUNTINGTON NATIONAL BANK, THE Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.4%
    HUNTINGTON NATIONAL BANK, THE Other type of mortgage Trouble during payment process 7 17.1%
    HUNTINGTON NATIONAL BANK, THE VA mortgage Closing on a mortgage 1 2.4%