Home Mortgage Alliance Rates, Fees & Info

DOVER, DE

LEI: 5493009YXZEN8325UC34

Tax ID: 46-3986756

5 stars - out of 5 stars, based on 27 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Home Mortgage Alliance is a smaller mortgage company specializing in loans. Home Mortgage Alliance 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: Denver, Portland, Fort Collins, Greeley, and Boulder among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Home Mortgage Alliance 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. Home Mortgage Alliance 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 6.19% 3/27/23
    30 Year Conventional Refi 6.63% 3/27/23
    30 Year Cash-out Refi 6.82% 3/27/23
    30 Year FHA Purchase 7.59% 3/27/23
    30 Year FHA Refi 7.14% 3/27/23
    30 Year VA Purchase 6.13% 3/27/23
    30 Year USDA Purchase 7.19% 3/27/23
    15 Year Conventional Purchase 6.10% 3/27/23
    15 Year Conventional Refi 6.39% 3/27/23
    15 Year Cash-out Refi 6.39% 3/27/23
    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

    742

    Origination Dollar Volume (All Markets)

    $325,550,000

    Awards

    HOME MORTGAGE ALLIANCE 30 Year Conventional Loans bronze
    Show all (1) awards

    Relative Rate

    Home Mortgage Alliance's average 30 year fixed mortgage rate was 4.51%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.25%.

    Relative Fees (Closing Costs)

    Home Mortgage Alliance's average total fees/closing costs for a 30 year fixed rate mortgage were $7,190.

    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
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 381 $179,455,000 $471,010 $7,284 4.37%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 135 $56,265,000 $416,778 $6,633 4.84%
    FORT COLLINS, CO (FHA|USDA|VA) 81 $31,625,000 $390,432 $6,553 4.83%
    GREELEY, CO (FHA|USDA|VA) 60 $21,530,000 $358,833 $8,602 4.09%
    BOULDER, CO (FHA|USDA|VA) 23 $12,195,000 $530,217 $6,231 4.42%
    Outside of Metro Areas 20 $7,850,000 $392,500 $6,687 4.30%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 10 $3,000,000 $300,000 $6,667 4.06%
    SALEM, OR (FHA|USDA|VA) 6 $2,600,000 $433,333 $8,903 5.53%
    Edwards, CO (FHA|USDA|VA) 2 $1,470,000 $735,000 $20,493 4.25%
    CHEYENNE, WY (FHA|USDA|VA) 4 $1,410,000 $352,500 $6,588 4.53%
    Glenwood Springs, CO (FHA|USDA|VA) 2 $1,270,000 $635,000 $7,544 3.48%
    PUEBLO, CO (FHA|USDA|VA) 4 $1,250,000 $312,500 $6,548 4.28%
    Breckenridge, CO (FHA|USDA|VA) 1 $1,195,000 $1,195,000 $16,334 3.63%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $645,000 $645,000 $5,584 5.38%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $605,000 $605,000 $0 6.25%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $495,000 $495,000 $17,100 2.88%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $420,000 $210,000 $15,429 3.38%
    LONGVIEW, WA (FHA|USDA|VA) 1 $375,000 $375,000 $3,886 6.75%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $375,000 $375,000 $4,467 5.63%
    Newport, OR (FHA|USDA|VA) 1 $365,000 $365,000 $5,069 4.50%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $315,000 $315,000 $10,740 4.50%
    Montrose, CO (FHA|USDA|VA) 1 $295,000 $295,000 $2,531 7.25%
    BEND, OR (FHA|USDA|VA) 1 $245,000 $245,000 $3,679 5.63%
    MEDFORD, OR (FHA|USDA|VA) 1 $215,000 $215,000 $5,536 6.88%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $85,000 $85,000 $5,533 6.13%
    Home Mortgage Alliance's top markets include Denver, Portland, Fort Collins, Greeley, and Boulder among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Similar Lenders

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

    CASTPARTS EMPLOYEES
    Similarity Rank: 440
    The District Federal Credit Union
    Similarity Rank: 588
    U S WIDE FINANCIAL LLC
    Similarity Rank: 768
    Pacific NW Federal Credit Union
    Similarity Rank: 962
    Bank of the Pacific
    Similarity Rank: 966
    DENVER COMMUNITY
    Similarity Rank: 1078
    AVENTA Credit Union
    Similarity Rank: 1085
    FOOTHILLS
    Similarity Rank: 1116

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 631 $274,735,000 $435,396 $5,843 4.44%
    FHA 71 $28,985,000 $408,239 $14,328 5.06%
    VA 39 $21,505,000 $551,410 $12,543 4.41%
    USDA 1 $325,000 $325,000 $6,689 4.25%

    For 2022, Home Mortgage Alliance's most frequently originated type of loan was Conventional, with 631 originations. Their 2nd most popular type was FHA, with 71 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 648 $287,570,000 $443,781 $7,376 4.54%
    Cash Out Refi 66 $26,130,000 $395,909 $5,677 4.30%
    Refi 28 $11,850,000 $423,214 $5,690 3.97%

    For 2022, Home Mortgage Alliance's most frequently cited loan purpose was Home Purchase, with 648 originations. The 2nd most popular reason was Cash Out Refi, with 66 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 725 $321,095,000 $442,890 $7,190 4.51%
    15 Year 9 $3,145,000 $349,444 $5,891 3.50%
    20 Year 5 $1,265,000 $253,000 $4,297 4.18%
    10 Year 2 $30,000 $15,000 $0 7.13%
    3 Year 1 $15,000 $15,000 $0 0.00%

    For 2022, Home Mortgage Alliance's most frequently cited loan duration was 30 Year, with 725 originations. The 2nd most popular length was 15 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 283 $133,475,000 $471,643
    $5k+ 173 $89,425,000 $516,908
    $2k-3k 74 $31,500,000 $425,676
    $4k-5k 63 $28,675,000 $455,159
    $3k-4k 56 $23,160,000 $413,571
    $<1k 55 $5,765,000 $104,818

    Home Mortgage Alliance's average total fees were $7,190, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 283 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 227 $104,975,000 $462,445
    5-6% 218 $100,190,000 $459,587
    4-5% 157 $78,525,000 $500,159
    6-7% 69 $31,655,000 $458,768
    <2.5% 45 $615,000 $13,667
    7-8% 14 $5,150,000 $367,857
    2.5-3% 11 $4,415,000 $401,364
    Over 8% 1 $25,000 $25,000

    During 2022, Home Mortgage Alliance's average interest rate for loans was 4.51%, while their most frequently originated rate bucket for loans was 3-4%, with 227 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 297 $143,655,000 $483,687 $7,634 4.73%
    $200k-400k 229 $72,785,000 $317,838 $6,179 4.79%
    $600k-1MM 118 $80,240,000 $680,000 $7,825 4.74%
    $100,000 or less 53 $1,135,000 $21,415 $4,302 0.89%
    $100k-200k 29 $4,875,000 $168,103 $4,795 5.29%
    $1MM+ 16 $22,860,000 $1,428,750 $11,391 4.82%

    2022 saw Home Mortgage Alliance place emphasis on $400k-600k loans with 297 originations, totaling $143,655,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 222 $96,370,000 $434,099 $6,833 4.53%
    $150k-250k 168 $92,520,000 $550,714 $7,264 4.87%
    $75k-100k 148 $51,390,000 $347,230 $7,943 4.27%
    $50k-75k 105 $28,615,000 $272,524 $6,797 4.16%
    $250k+ 73 $52,375,000 $717,466 $7,685 4.61%
    $50k or less 26 $4,280,000 $164,615 $4,718 4.14%

    Home Mortgage Alliance lent most frequently to those with incomes in the $100k-150k range, with 222 originations. The second most popular income band? $150k-250k, with 168 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 123 $59,975,000 $487,602 $5,803 4.56%
    20-30% 103 $47,005,000 $456,359 $5,902 4.60%
    <20% 52 $7,940,000 $152,692 $5,054 1.56%
    50-60% 40 $20,430,000 $510,750 $12,598 4.89%
    41% 40 $21,120,000 $528,000 $6,999 4.67%
    45% 40 $17,100,000 $427,500 $6,909 4.84%
    48% 39 $15,395,000 $394,744 $9,746 4.93%
    44% 38 $17,030,000 $448,158 $6,477 4.88%
    49% 30 $12,440,000 $414,667 $10,002 4.81%
    43% 30 $12,480,000 $416,000 $6,690 4.37%
    36% 29 $15,835,000 $546,034 $6,043 4.59%
    47% 28 $11,010,000 $393,214 $6,840 5.13%
    46% 28 $12,040,000 $430,000 $8,393 4.67%
    39% 26 $11,630,000 $447,308 $6,890 4.56%
    42% 25 $12,255,000 $490,200 $8,657 5.08%
    38% 25 $10,875,000 $435,000 $5,917 4.78%
    40% 23 $9,905,000 $430,652 $7,573 4.73%
    37% 23 $11,085,000 $481,957 $5,562 4.82%

    Home Mortgage Alliance lent most frequently to those with DTI ratios of 30-36%, with 123 originations. The next most common DTI ratio? 20-30%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 591 $265,765,000 $449,687 $7,007 4.55%
    Not provided 104 $43,070,000 $414,135 $7,507 4.39%
    Black 21 $6,965,000 $331,667 $10,148 4.04%
    Asian 13 $5,215,000 $401,154 $7,236 4.16%
    American Indian 6 $2,230,000 $371,667 $8,264 3.64%
    Filipino 3 $895,000 $298,333 $6,204 6.58%
    Asian Indian 1 $525,000 $525,000 $3,049 3.88%
    Chinese 1 $465,000 $465,000 $7,364 4.88%
    Native Hawaiian or Islander 2 $420,000 $210,000 $14,423 2.13%

    Approval Rates

    Total approvals of all applications
    96.19%

    Home Mortgage Alliance 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
    60.51%

    Home Mortgage Alliance has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 742 $325,550,000 $438,747

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    742 $325,550,000 $438,747

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 22 $6,540,000 $297,273 $4,821 4.88%
    40-60% 81 $31,655,000 $390,802 $6,113 4.57%
    60-80% 240 $117,710,000 $490,458 $6,321 4.70%
    80-100% 335 $162,225,000 $484,254 $7,666 4.89%
    Over 100% 11 $6,095,000 $554,091 $20,701 4.53%
    Under 20% 53 $1,325,000 $25,000 $4,105 0.84%