Signature Mortgage Corporation Rates, Fees & Info
AKRON, OHLEI: 5493009N6Q6LPQ4CL708
Tax ID: 31-1488064
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Mortgage Data
Review & Overview
Signature Mortgage Corporation is a smaller mortgage company specializing in Home Purchase 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, Naples, and Columbus among others. We have data for 108 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 a below average pick rate when compared to similar lenders. Signature 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.
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Originations
941Origination Dollar Volume (All Markets)
$170,365,000Awards
SIGNATURE MORTGAGE CORPORATION - 2019
SIGNATURE MORTGAGE CORPORATION is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 399 | $69,925,000 | $175,251 | $3,938 | 4.32% |
| AKRON, OH (FHA|USDA|VA) | 122 | $23,660,000 | $193,934 | $4,010 | 4.09% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 51 | $10,585,000 | $207,549 | $3,664 | 4.07% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 5 | $6,665,000 | $1,333,000 | $11,363 | 4.15% |
| COLUMBUS, OH (FHA|USDA|VA) | 26 | $5,950,000 | $228,846 | $4,672 | 4.21% |
| Outside of Metro Areas | 39 | $5,005,000 | $128,333 | $4,804 | 4.53% |
| Wooster, OH (FHA|USDA|VA) | 28 | $4,340,000 | $155,000 | $3,792 | 4.11% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 10 | $2,470,000 | $247,000 | $3,855 | 3.90% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 13 | $2,235,000 | $171,923 | $3,680 | 4.19% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 13 | $2,115,000 | $162,692 | $4,929 | 4.59% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 8 | $1,990,000 | $248,750 | $7,593 | 4.20% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,695,000 | $339,000 | $4,879 | 4.13% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $1,635,000 | $233,571 | $5,885 | 4.07% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 8 | $1,570,000 | $196,250 | $7,046 | 4.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 9 | $1,565,000 | $173,889 | $6,137 | 4.31% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $1,385,000 | $197,857 | $6,219 | 4.09% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 8 | $1,100,000 | $137,500 | $4,593 | 4.28% |
| GAINESVILLE, GA (FHA|USDA|VA) | 6 | $960,000 | $160,000 | $3,476 | 4.27% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $3,978 | 4.58% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $4,385 | 4.22% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $5,709 | 3.63% |
| TOLEDO, OH (FHA|USDA|VA) | 5 | $845,000 | $169,000 | $4,575 | 4.18% |
| OCALA, FL (FHA|USDA|VA) | 6 | $820,000 | $136,667 | $5,744 | 4.88% |
| Ashland, OH (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $4,381 | 4.20% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $5,009 | 4.71% |
| GAINESVILLE, FL (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $6,531 | 4.22% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $675,000 | $135,000 | $4,797 | 4.23% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $6,822 | 4.38% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 5 | $635,000 | $127,000 | $5,715 | 4.50% |
| GREENVILLE, NC (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $4,203 | 4.19% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $4,314 | 4.04% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $3,624 | 4.34% |
| Palatka, FL (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $5,673 | 4.25% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 4 | $460,000 | $115,000 | $3,969 | 4.69% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $4,449 | 4.92% |
| Ashtabula, OH (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $5,151 | 4.79% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $5,862 | 4.13% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $5,724 | 4.54% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,136 | 4.87% |
| Salem, OH (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $4,757 | 4.63% |
| WILMINGTON, NC (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $6,141 | 4.75% |
| Albemarle, NC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $5,793 | 4.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,444 | 3.75% |
| Washington, NC (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $4,530 | 5.17% |
| Findlay, OH (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,139 | 4.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,142 | 4.06% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $6,002 | 4.92% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $3,814 | 4.79% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,934 | 5.13% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,432 | 4.19% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $6,468 | 4.31% |
| Brevard, NC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,398 | 4.19% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $6,125 | 4.88% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,731 | 4.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,668 | 3.63% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,841 | 3.75% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,293 | 4.13% |
| Coshocton, OH (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $4,029 | 4.00% |
| WHEELING, WV-OH (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,777 | 4.69% |
| Marietta, OH (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $4,948 | 4.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $5,824 | 3.75% |
| Tiffin, OH (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,577 | 3.75% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,949 | 4.38% |
| Shelby, NC (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $3,857 | 4.56% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,033 | 4.25% |
| Sidney, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,108 | 4.13% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $4,645 | 5.19% |
| Washington Court House, OH (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $4,609 | 4.50% |
| GOLDSBORO, NC (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $3,369 | 5.25% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,623 | 4.50% |
| Norwalk, OH (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $4,362 | 4.06% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,817 | 3.88% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,896 | 5.25% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,947 | 4.25% |
| LIMA, OH (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $4,401 | 4.31% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,656 | 3.88% |
| Douglas, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,069 | 4.00% |
| Chillicothe, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,849 | 3.75% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,747 | 5.00% |
| Fremont, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,454 | 4.38% |
| Washington, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,776 | 4.25% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,813 | 4.88% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,666 | 4.75% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,821 | 4.75% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,920 | 4.25% |
| Adrian, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,492 | 5.25% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,604 | 4.13% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,223 | 4.50% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,547 | 3.75% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,177 | 4.88% |
| Marion, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,619 | 4.38% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,098 | 4.75% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,753 | 5.13% |
| Cambridge, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,029 | 4.25% |
| Henderson, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,937 | 4.50% |
| Greenville, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,748 | 3.88% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,962 | 5.25% |
| Forest City, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,651 | 4.88% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,808 | 4.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,882 | 4.38% |
| Richmond, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,142 | 5.25% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,455 | 4.88% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,569 | 4.25% |
| Kinston, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $6,195 | 4.25% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,518 | 4.75% |
| Van Wert, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,563 | 4.25% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,769 | 4.50% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,991 | 5.25% |
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Product Mix
For 2019, Signature Mortgage Corporation's most frequently originated type of loan was Conventional, with 555 originations. Their 2nd most popular type was FHA, with 200 originations.
Loan Reason
For 2019, Signature Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 766 originations. The 2nd most popular reason was Refi, with 122 originations.
Loan Duration/Length
For 2019, Signature Mortgage Corporation's most frequently cited loan duration was 30 Year, with 862 originations. The 2nd most popular length was 15 Year, with 60 originations.
Origination Fees/Closing Costs
Signature Mortgage Corporation's average total fees were $4,440, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 811 originations.
Interest Rates
During 2019, Signature Mortgage Corporation's average interest rate for loans was 4.35%, while their most frequently originated rate bucket for loans was 3-4%, with 443 originations.
Loan Sizing
2019 saw Signature Mortgage Corporation place emphasis on $100k-200k loans with 478 originations, totaling $69,590,000 in origination value.
Applicant Income
Signature Mortgage Corporation lent most frequently to those with incomes in the $50k or less range, with 272 originations. The second most popular income band? $50k-75k, with 260 originations.
Applicant Debt to Income Ratio
Signature Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 195 originations. The next most common DTI ratio? 20-30%, with 182 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.69%
Signature Mortgage Corporation has an average approval rate.
Pick Rate
Approvals leading to origination88.84%
Signature Mortgage Corporation has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 941 | $170,365,000 | $181,047 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 16 | $1,670,000 | $104,375 |
| Single Family (1-4 Units):Site-Built | 925 | $168,695,000 | $182,373 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Signature Home Lending Inc | FHA mortgage | Closing on a mortgage | 1 | 100.0% |