Signature Mortgage Corporation Rates, Fees & Info

AKRON, OH

LEI: 5493009N6Q6LPQ4CL708

Tax ID: 31-1488064

5 stars - out of 5 stars, based on 38 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Signature Mortgage Corporation is a smaller mortgage company specializing in Home Purchase and Refi loans. Signature Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Canton, Akron, Cleveland, Columbus, and Naples among others. We have data for 107 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

    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 6.93% 12/4/22
    30 Year Conventional Refi 6.72% 12/4/22
    30 Year Cash-out Refi 6.95% 12/4/22
    30 Year FHA Purchase 7.84% 12/4/22
    30 Year FHA Refi 7.87% 12/4/22
    30 Year VA Purchase 6.75% 12/4/22
    30 Year VA Refi 6.60% 12/4/22
    30 Year USDA Purchase 7.33% 12/4/22
    30 Year USDA Refi 7.22% 12/4/22
    15 Year Conventional Purchase 5.85% 12/4/22
    15 Year Conventional Refi 6.02% 12/4/22
    15 Year Cash-out Refi 6.02% 12/4/22
    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.


    Originations

    1,442

    Origination Dollar Volume (All Markets)

    $287,370,000
    Show all (6) awards

    Relative Rate

    Signature Mortgage Corporation's average 30 year fixed mortgage rate was 3.07%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.08%.

    Relative Fees (Closing Costs)

    Signature Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $4,284.

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

    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
    CANTON-MASSILLON, OH (FHA|USDA|VA) 669 $125,475,000 $187,556 $3,791 2.99%
    AKRON, OH (FHA|USDA|VA) 222 $42,230,000 $190,225 $3,863 2.98%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 121 $28,125,000 $232,438 $3,823 2.91%
    COLUMBUS, OH (FHA|USDA|VA) 38 $9,870,000 $259,737 $3,738 2.91%
    Outside of Metro Areas 45 $8,535,000 $189,667 $4,834 2.97%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 15 $5,815,000 $387,667 $6,454 2.94%
    Wooster, OH (FHA|USDA|VA) 25 $4,625,000 $185,000 $3,936 2.89%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 13 $4,355,000 $335,000 $6,341 3.02%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 19 $3,995,000 $210,263 $5,710 3.03%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 25 $3,955,000 $158,200 $3,414 2.94%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 15 $3,675,000 $245,000 $3,965 2.89%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 14 $2,780,000 $198,571 $3,911 3.08%
    TOLEDO, OH (FHA|USDA|VA) 6 $1,940,000 $323,333 $4,346 3.10%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 10 $1,900,000 $190,000 $4,414 2.93%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 8 $1,730,000 $216,250 $6,070 3.08%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $1,720,000 $286,667 $6,002 2.98%
    JACKSONVILLE, FL (FHA|USDA|VA) 6 $1,420,000 $236,667 $4,891 2.85%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 5 $1,355,000 $271,000 $5,203 2.43%
    FAYETTEVILLE, NC (FHA|USDA|VA) 7 $1,275,000 $182,143 $5,433 3.13%
    OCALA, FL (FHA|USDA|VA) 6 $1,240,000 $206,667 $5,910 3.16%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 6 $1,140,000 $190,000 $5,311 3.06%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $955,000 $318,333 $5,146 3.33%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $925,000 $185,000 $4,448 3.28%
    PANAMA CITY, FL (FHA|USDA|VA) 4 $920,000 $230,000 $4,136 2.94%
    WINSTON-SALEM, NC (FHA|USDA|VA) 6 $910,000 $151,667 $5,390 3.21%
    Ashtabula, OH (FHA|USDA|VA) 6 $860,000 $143,333 $4,715 2.92%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $845,000 $281,667 $5,860 2.94%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $840,000 $210,000 $5,991 3.44%
    RALEIGH-CARY, NC (FHA|USDA|VA) 4 $800,000 $200,000 $4,260 2.97%
    ASHEVILLE, NC (FHA|USDA|VA) 3 $795,000 $265,000 $4,014 2.92%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $785,000 $261,667 $2,740 2.92%
    Salem, OH (FHA|USDA|VA) 5 $785,000 $157,000 $4,413 2.85%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $770,000 $385,000 $4,907 2.63%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $750,000 $187,500 $4,912 3.00%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $720,000 $360,000 $4,984 3.00%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 4 $720,000 $180,000 $5,787 3.22%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 3 $665,000 $221,667 $6,329 3.33%
    SAVANNAH, GA (FHA|USDA|VA) 3 $655,000 $218,333 $6,273 3.33%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $595,000 $198,333 $3,961 2.92%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 3 $555,000 $185,000 $4,807 2.92%
    Sidney, OH (FHA|USDA|VA) 3 $545,000 $181,667 $6,620 3.17%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $530,000 $265,000 $5,627 3.06%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $515,000 $171,667 $3,450 2.96%
    Mount Vernon, OH (FHA|USDA|VA) 2 $510,000 $255,000 $4,569 3.06%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 3 $475,000 $158,333 $3,004 2.71%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $450,000 $225,000 $3,481 2.75%
    Elizabeth City, NC (FHA|USDA|VA) 2 $430,000 $215,000 $6,212 2.88%
    Ashland, OH (FHA|USDA|VA) 3 $425,000 $141,667 $2,952 2.94%
    SPRINGFIELD, OH (FHA|USDA|VA) 2 $400,000 $200,000 $5,097 3.00%
    GREENVILLE, NC (FHA|USDA|VA) 2 $370,000 $185,000 $5,553 2.88%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $365,000 $365,000 $4,503 2.88%
    WHEELING, WV-OH (FHA|USDA|VA) 2 $340,000 $170,000 $4,872 3.06%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $340,000 $170,000 $4,415 3.56%
    Statesboro, GA (FHA|USDA|VA) 2 $330,000 $165,000 $5,336 3.06%
    Rockingham, NC (FHA|USDA|VA) 2 $320,000 $160,000 $6,343 3.31%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $315,000 $315,000 $8,631 3.25%
    Portsmouth, OH (FHA|USDA|VA) 2 $310,000 $155,000 $5,171 2.88%
    MIDLAND, MI (FHA|USDA|VA) 2 $290,000 $145,000 $5,924 3.44%
    WARNER ROBINS, GA (FHA|USDA|VA) 2 $280,000 $140,000 $5,300 3.75%
    Thomasville, GA (FHA|USDA|VA) 1 $265,000 $265,000 $8,561 3.13%
    Bucyrus-Galion, OH (FHA|USDA|VA) 2 $260,000 $130,000 $4,189 3.38%
    Albemarle, NC (FHA|USDA|VA) 2 $260,000 $130,000 $4,987 3.44%
    Warsaw, IN (FHA|USDA|VA) 1 $255,000 $255,000 $1,972 3.25%
    Clewiston, FL (FHA|USDA|VA) 1 $255,000 $255,000 $9,139 3.25%
    CaƱon City, CO (FHA|USDA|VA) 1 $255,000 $255,000 $2,699 3.13%
    Marietta, OH (FHA|USDA|VA) 1 $245,000 $245,000 $2,991 2.88%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $235,000 $235,000 $6,607 3.38%
    Traverse City, MI (FHA|USDA|VA) 1 $225,000 $225,000 $2,527 2.88%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $225,000 $225,000 $3,313 2.63%
    Findlay, OH (FHA|USDA|VA) 1 $215,000 $215,000 $3,322 2.13%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $215,000 $215,000 $2,331 2.63%
    St. Marys, GA (FHA|USDA|VA) 2 $210,000 $105,000 $3,899 3.00%
    NEW BERN, NC (FHA|USDA|VA) 1 $185,000 $185,000 $6,112 3.25%
    Norwalk, OH (FHA|USDA|VA) 1 $185,000 $185,000 $9,793 3.38%
    Van Wert, OH (FHA|USDA|VA) 1 $185,000 $185,000 $7,137 3.25%
    Forest City, NC (FHA|USDA|VA) 1 $175,000 $175,000 $4,670 2.63%
    Wapakoneta, OH (FHA|USDA|VA) 1 $175,000 $175,000 $2,839 3.00%
    Sanford, NC (FHA|USDA|VA) 1 $155,000 $155,000 $5,266 2.88%
    Greenville, OH (FHA|USDA|VA) 1 $155,000 $155,000 $5,446 3.13%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $155,000 $155,000 $2,822 2.88%
    VALDOSTA, GA (FHA|USDA|VA) 1 $155,000 $155,000 $3,521 3.13%
    Urbana, OH (FHA|USDA|VA) 1 $155,000 $155,000 $5,884 3.50%
    WILMINGTON, NC (FHA|USDA|VA) 1 $145,000 $145,000 $3,456 3.13%
    Celina, OH (FHA|USDA|VA) 1 $145,000 $145,000 $5,156 3.13%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $145,000 $145,000 $2,751 2.88%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $145,000 $145,000 $3,214 3.13%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $7,922 3.25%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $135,000 $135,000 $3,320 2.88%
    BURLINGTON, NC (FHA|USDA|VA) 1 $135,000 $135,000 $1,902 2.75%
    Douglas, GA (FHA|USDA|VA) 1 $135,000 $135,000 $4,943 3.25%
    Bellefontaine, OH (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Adrian, MI (FHA|USDA|VA) 1 $125,000 $125,000 $4,533 2.75%
    Vidalia, GA (FHA|USDA|VA) 1 $125,000 $125,000 $4,709 3.13%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $125,000 $125,000 $3,555 3.38%
    Marion, NC (FHA|USDA|VA) 1 $125,000 $125,000 $5,402 2.75%
    Tifton, GA (FHA|USDA|VA) 1 $125,000 $125,000 $5,871 3.25%
    Lake City, FL (FHA|USDA|VA) 1 $125,000 $125,000 $7,137 3.88%
    Wilson, NC (FHA|USDA|VA) 1 $125,000 $125,000 $6,732 2.75%
    Bainbridge, GA (FHA|USDA|VA) 1 $125,000 $125,000 $4,845 2.63%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $125,000 $125,000 $2,463 2.63%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $115,000 $115,000 $6,489 3.38%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $115,000 $115,000 $5,489 3.25%
    McMinnville, TN (FHA|USDA|VA) 1 $105,000 $105,000 $2,503 3.13%
    Moultrie, GA (FHA|USDA|VA) 1 $95,000 $95,000 $3,631 3.13%
    Sandusky, OH (FHA|USDA|VA) 1 $75,000 $75,000 $3,554 4.00%
    Cambridge, OH (FHA|USDA|VA) 1 $75,000 $75,000 $4,850 3.25%
    Marion, OH (FHA|USDA|VA) 1 $65,000 $65,000 $4,411 3.25%
    Signature Mortgage Corporation's top markets include Canton, Akron, Cleveland, Columbus, and Naples among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,134 $235,240,000 $207,443 $3,529 2.96%
    FHA 183 $29,165,000 $159,372 $6,519 3.12%
    USDA 103 $17,755,000 $172,379 $5,661 3.11%
    VA 22 $5,210,000 $236,818 $6,451 2.86%

    For 2021, Signature Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,134 originations. Their 2nd most popular type was FHA, with 183 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 856 $171,330,000 $200,152 $4,646 3.07%
    Refi 370 $71,660,000 $193,676 $3,113 2.78%
    Cash Out Refi 216 $44,380,000 $205,463 $3,570 3.02%

    For 2021, Signature Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 856 originations. The 2nd most popular reason was Refi, with 370 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,182 $234,640,000 $198,511 $4,284 3.07%
    15 Year 151 $29,725,000 $196,854 $3,161 2.49%
    20 Year 75 $16,385,000 $218,467 $3,341 2.86%
    Other 22 $4,180,000 $190,000 $2,913 2.93%
    10 Year 12 $2,440,000 $203,333 $2,902 2.33%

    For 2021, Signature Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,182 originations. The 2nd most popular length was 15 Year, with 151 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,278 $252,030,000 $197,207
    $<1k 64 $16,540,000 $258,438
    $2k-3k 27 $4,855,000 $179,815
    $4k-5k 3 $1,145,000 $381,667
    $3k-4k 2 $370,000 $185,000
    $5k+ 1 $215,000 $215,000

    Signature Mortgage Corporation's average total fees were $4,284, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,278 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 716 $144,020,000 $201,145
    3-4% 506 $97,520,000 $192,727
    <2.5% 134 $30,680,000 $228,955
    4-5% 25 $3,035,000 $121,400

    During 2021, Signature Mortgage Corporation's average interest rate for loans was 3.07%, while their most frequently originated rate bucket for loans was 2.5-3%, with 716 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 748 $111,860,000 $149,545 $3,969 3.00%
    $200k-400k 468 $123,520,000 $263,932 $4,301 2.92%
    $100,000 or less 143 $11,785,000 $82,413 $3,426 3.19%
    $400k-600k 81 $38,545,000 $475,864 $4,802 2.91%
    $600k-1MM 2 $1,660,000 $830,000 $7,365 3.31%

    2021 saw Signature Mortgage Corporation place emphasis on $100k-200k loans with 748 originations, totaling $111,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 387 $68,205,000 $176,240 $4,306 3.01%
    $50k or less 340 $44,660,000 $131,353 $4,202 3.06%
    $75k-100k 259 $51,365,000 $198,320 $3,826 2.97%
    $100k-150k 241 $56,195,000 $233,174 $3,867 2.92%
    $150k-250k 171 $50,725,000 $296,637 $3,962 2.96%
    $250k+ 44 $16,220,000 $368,636 $4,185 2.88%

    Signature Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 387 originations. The second most popular income band? $50k or less, with 340 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 347 $71,545,000 $206,182 $3,727 2.93%
    30-36% 305 $60,925,000 $199,754 $4,072 2.98%
    <20% 130 $24,640,000 $189,538 $3,409 2.81%
    36% 69 $13,105,000 $189,928 $3,617 3.08%
    42% 58 $11,520,000 $198,621 $4,501 3.10%
    37% 57 $11,385,000 $199,737 $4,045 3.03%
    40% 55 $10,825,000 $196,818 $4,336 3.03%
    41% 55 $12,905,000 $234,636 $4,745 3.07%
    38% 53 $11,025,000 $208,019 $4,049 3.05%
    39% 47 $8,775,000 $186,702 $4,312 3.15%
    43% 44 $8,090,000 $183,864 $4,357 3.03%
    44% 43 $8,195,000 $190,581 $3,919 3.04%
    45% 41 $8,585,000 $209,390 $4,550 3.04%
    46% 37 $7,435,000 $200,946 $4,982 2.91%
    50-60% 37 $5,985,000 $161,757 $6,326 3.21%
    47% 23 $4,635,000 $201,522 $5,251 3.03%
    49% 16 $3,040,000 $190,000 $4,351 3.12%
    48% 15 $2,315,000 $154,333 $4,416 2.97%
    >60% 4 $1,030,000 $257,500 $4,531 2.94%

    Signature Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 347 originations. The next most common DTI ratio? 30-36%, with 305 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,359 $270,085,000 $198,738 $4,044 2.98%
    Black 44 $7,390,000 $167,955 $4,616 3.18%
    Asian 23 $6,025,000 $261,957 $4,214 2.90%
    Not provided 15 $3,535,000 $235,667 $4,993 2.90%
    Native Hawaiian or Islander 1 $335,000 $335,000 $9,255 3.38%

    Approval Rates

    Total approvals of all applications
    98.63%

    Signature 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
    91.68%

    Signature Mortgage Corporation has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,442 $287,370,000 $199,286

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,442 $287,370,000 $199,286

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $2,180,000 $121,111 $3,018 2.53%
    40-60% 124 $24,320,000 $196,129 $3,175 2.73%
    60-80% 529 $107,915,000 $203,998 $3,402 2.97%
    80-100% 753 $149,015,000 $197,895 $4,715 3.05%
    Over 100% 17 $3,875,000 $227,941 $7,459 2.92%
    Under 20% 1 $65,000 $65,000 $2,555 2.88%