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 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 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
1,442Origination Dollar Volume (All Markets)
$287,370,000Awards
SIGNATURE MORTGAGE CORPORATION - 2021
SIGNATURE MORTGAGE CORPORATION is a 2021 , due to their low .
For 2021, 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) | 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% |
| Cañon 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% |
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Product Mix
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
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
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
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
2021 saw Signature Mortgage Corporation place emphasis on $100k-200k loans with 748 originations, totaling $111,860,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications98.63%
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 origination91.68%
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 |