Home Mortgage Alliance Rates, Fees & Info

DOVER, DE

LEI: 5493009YXZEN8325UC34

Tax ID: 46-3986756

5 stars - out of 5 stars, based on 47 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Home Mortgage Alliance is a smaller mortgage company specializing in Home Purchase and Refi 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 include Denver, Portland, Fort Collins, Boulder, and Greeley among others. Home Mortgage Alliance has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Home Mortgage Alliance is typically an average fee lendor.


Originations

2,198

Origination Dollar Volume (All Markets)

$866,940,000

Awards

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

Relative Rate

Home Mortgage Alliance 's average 30 year fixed rate mortgage of loans were 2.98%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.17%.

Relative Fees

Home Mortgage Alliance 's average total fees for a 30 year fixed rate mortgage are $5,086.

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

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1,423 $585,635,000 $411,550 $4,943 2.93%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 266 $100,750,000 $378,759 $4,814 3.07%
FORT COLLINS, CO (FHA|USDA|VA) 161 $56,695,000 $352,143 $4,524 3.06%
BOULDER, CO (FHA|USDA|VA) 86 $39,360,000 $457,674 $4,267 2.92%
GREELEY, CO (FHA|USDA|VA) 121 $37,645,000 $311,116 $6,415 2.75%
COLORADO SPRINGS, CO (FHA|USDA|VA) 42 $14,880,000 $354,286 $4,523 2.97%
Outside of Metro Areas 31 $9,125,000 $294,355 $6,129 2.85%
Breckenridge, CO (FHA|USDA|VA) 8 $3,630,000 $453,750 $5,275 2.97%
SALEM, OR (FHA|USDA|VA) 7 $2,365,000 $337,857 $3,493 2.98%
Fort Morgan, CO (FHA|USDA|VA) 10 $2,120,000 $212,000 $8,020 2.26%
GRAND JUNCTION, CO (FHA|USDA|VA) 7 $2,085,000 $297,857 $3,040 3.46%
Edwards, CO (FHA|USDA|VA) 3 $1,755,000 $585,000 $6,808 2.33%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $1,365,000 $455,000 $2,903 2.71%
Glenwood Springs, CO (FHA|USDA|VA) 4 $1,180,000 $295,000 $3,882 3.15%
LONGVIEW, WA (FHA|USDA|VA) 3 $955,000 $318,333 $3,595 3.33%
NAPA, CA (FHA|USDA|VA) 1 $955,000 $955,000 $7,732 3.25%
BEND, OR (FHA|USDA|VA) 4 $910,000 $227,500 $3,229 2.91%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $880,000 $440,000 $7,405 3.06%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $860,000 $430,000 $4,160 2.93%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $605,000 $605,000 $8,556 2.75%
PUEBLO, CO (FHA|USDA|VA) 3 $545,000 $181,667 $8,157 2.18%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $415,000 $415,000 $4,562 2.63%
MEDFORD, OR (FHA|USDA|VA) 1 $415,000 $415,000 $2,968 3.38%
Montrose, CO (FHA|USDA|VA) 2 $390,000 $195,000 $3,652 3.38%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $375,000 $375,000 $5,260 3.38%
Astoria, OR (FHA|USDA|VA) 1 $295,000 $295,000 $0 3.38%
Cañon City, CO (FHA|USDA|VA) 1 $275,000 $275,000 $2,706 2.50%
The Dalles, OR (FHA|USDA|VA) 1 $275,000 $275,000 $2,525 3.99%
Willmar, MN (FHA|USDA|VA) 1 $145,000 $145,000 $2,319 3.13%
CASPER, WY (FHA|USDA|VA) 1 $55,000 $55,000 $1,975 3.25%

Home Mortgage Alliance 's top markets include Denver, Portland, Fort Collins, Boulder, and Greeley among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,941 $751,665,000 $387,257 $4,137 2.96%
FHA 141 $55,975,000 $396,986 $12,170 3.06%
VA 115 $59,065,000 $513,609 $8,444 2.62%
USDA 1 $235,000 $235,000 $5,990 3.25%

For the 2021 period, Home Mortgage Alliance 's most frequently originated loan type of loans were Conventional, with 1,941 originations. Their 2nd most popular type is FHA, with 141 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,305 $543,405,000 $416,402 $5,577 2.91%
Refi 551 $199,235,000 $361,588 $3,870 2.91%
Cash Out Refi 342 $124,300,000 $363,450 $4,398 3.13%

For the 2021, Home Mortgage Alliance 's most frequently cited loan purpose of loans were Home Purchase, with 1,305 originations. The 2nd most popular reason of loans were Refi, with 551 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 2,006 $808,010,000 $402,797 $5,086 2.98%
15 Year 125 $37,655,000 $301,240 $3,634 2.50%
20 Year 51 $15,495,000 $303,824 $3,275 2.94%
Other 14 $5,530,000 $395,000 $3,348 2.80%
10 Year 1 $235,000 $235,000 $0 2.88%
3 Year 1 $15,000 $15,000 $0 0.00%

For the 2021, Home Mortgage Alliance 's most frequently cited loan length of loans were 30 Year, with 2,006 originations. The 2nd most popular length of loans were 15 Year, with 125 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,349 $559,215,000 $414,540
$3k-4k 223 $84,305,000 $378,049
$5k+ 181 $87,715,000 $484,613
$2k-3k 162 $63,640,000 $392,840
$<1k 91 $4,515,000 $49,615

$5,086 of loans were Home Mortgage Alliance 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,349 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 1,022 $409,020,000 $400,215
2.5-3% 909 $383,025,000 $421,370
<2.5% 243 $67,015,000 $275,782
4-5% 24 $7,880,000 $328,333

During 2021, Home Mortgage Alliance 's average interest rate of loans were 2.98%, while their most frequently originated rate bucket of loans were 3-4%, with 1,022 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 944 $293,810,000 $311,239 $4,567 3.10%
$400k-600k 857 $425,785,000 $496,832 $5,291 3.04%
$100k-200k 156 $24,850,000 $159,295 $3,536 3.05%
$600k-1MM 124 $89,020,000 $717,903 $6,515 2.98%
$100,000 or less 92 $1,850,000 $20,109 $2,709 0.28%
$1MM+ 25 $31,625,000 $1,265,000 $7,340 2.96%

2021 saw Home Mortgage Alliance place emphasis on $200k-400k loans with 944 originations, totaling $293,810,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 555 $233,425,000 $420,586 $5,193 3.03%
$50k-75k 465 $130,995,000 $281,710 $5,070 2.82%
$75k-100k 433 $151,085,000 $348,926 $4,999 2.92%
$150k-250k 421 $199,775,000 $474,525 $4,577 3.05%
$250k+ 184 $118,630,000 $644,728 $5,160 2.99%
$50k or less 115 $22,395,000 $194,739 $4,343 2.85%

Home Mortgage Alliance lent most frequently to those with incomes in the $100k-150k range, with 555 originations. The second most popular income band? $50k-75k, with 465 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 445 $180,965,000 $406,663 $4,100 2.94%
30-36% 404 $162,820,000 $403,020 $4,370 3.06%
<20% 209 $71,265,000 $340,981 $4,255 2.27%
44% 94 $35,410,000 $376,702 $5,148 3.03%
43% 89 $34,115,000 $383,315 $4,789 3.13%
38% 84 $34,730,000 $413,452 $4,692 3.02%
41% 84 $32,010,000 $381,071 $5,532 3.02%
49% 78 $29,520,000 $378,462 $6,035 3.12%
36% 75 $33,495,000 $446,600 $4,753 3.11%
37% 74 $31,060,000 $419,730 $5,100 3.08%
46% 72 $28,980,000 $402,500 $5,872 2.99%
39% 69 $26,725,000 $387,319 $5,200 3.06%
45% 68 $27,760,000 $408,235 $6,680 3.06%
47% 67 $25,335,000 $378,134 $5,820 3.10%
50-60% 66 $26,920,000 $407,879 $10,514 2.78%
48% 60 $22,970,000 $382,833 $5,722 3.01%
40% 59 $23,445,000 $397,373 $4,106 3.16%
42% 50 $19,060,000 $381,200 $4,493 3.14%
>60% 1 $345,000 $345,000 $3,109 3.13%

Home Mortgage Alliance lent most frequently to those with DTI ratios of 20-30%, with 445 originations. The next most common DTI ratio? 30-36%, with 404 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,777 $711,445,000 $400,363 $4,814 2.97%
Not provided 319 $114,615,000 $359,295 $5,601 2.80%
Asian 46 $19,430,000 $422,391 $5,117 3.05%
Black 29 $9,955,000 $343,276 $6,174 3.07%
American Indian 11 $4,685,000 $425,909 $5,709 3.02%
Other Asian 3 $1,375,000 $458,333 $6,121 2.96%
Korean 3 $1,155,000 $385,000 $4,102 3.38%
Asian Indian 3 $1,075,000 $358,333 $5,348 2.91%
Japanese 2 $930,000 $465,000 $3,960 2.93%
Vietnamese 2 $710,000 $355,000 $3,124 2.88%
Native Hawaiian 1 $545,000 $545,000 $9,934 3.38%
Filipino 1 $525,000 $525,000 $2,621 3.25%
Chinese 1 $495,000 $495,000 $3,564 2.75%

Approval Rates

Total approvals of all applications
90.97%

Home Mortgage Alliance has an average approval rate.

Pick Rate

Approvals leading to origination
75.75%

Home Mortgage Alliance has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 2,198 $866,940,000 $394,422

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,198 $866,940,000 $394,422

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 121 $27,475,000 $227,066 $3,704 2.85%
40-60% 369 $135,485,000 $367,168 $3,747 2.98%
60-80% 849 $369,985,000 $435,789 $4,304 3.12%
80-100% 753 $324,365,000 $430,764 $6,153 3.07%
Over 100% 13 $6,765,000 $520,385 $17,165 2.77%
Under 20% 93 $2,865,000 $30,806 $3,581 0.30%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Home Mortgage Alliance Corp. (HMAC) Conventional home mortgage Closing on a mortgage 1 100.0%