Home Mortgage Alliance Rates, Fees & Info

DOVER, DE

LEI: 5493009YXZEN8325UC34

Tax ID: 46-3986756

5 stars - Updated: 12/4/24 - out of 5 stars, based on 6 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Home Mortgage Alliance is a smaller mortgage company specializing in Home Purchase loans. Home Mortgage Alliance has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Denver, Fort Collins, Portland, Minneapolis, and Greeley among others. We have data for 6 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 a high 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 relatively high 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% 12/4/24
30 Year Conventional Refi 6.63% 12/4/24
30 Year Cash-out Refi 6.82% 12/4/24
30 Year FHA Purchase 7.59% 12/4/24
30 Year FHA Refi 7.14% 12/4/24
30 Year VA Purchase 6.13% 12/4/24
30 Year USDA Purchase 7.19% 12/4/24
15 Year Conventional Purchase 6.10% 12/4/24
15 Year Conventional Refi 6.39% 12/4/24
15 Year Cash-out Refi 6.39% 12/4/24
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.

Home Mortgage Alliance Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Home Mortgage Alliance. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

39

Origination Dollar Volume (All Markets)

$18,675,000

Awards

HOME MORTGAGE ALLIANCE 30 Year Conventional Loans bronze HOME MORTGAGE ALLIANCE 30 Year Conventional Loans silver
Show all (2) awards

Relative Rate

Home Mortgage Alliance's average 30 year fixed mortgage rate was 5.86%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.62%.

Relative Fees (Closing Costs)

Home Mortgage Alliance's average total fees/closing costs for a 30 year fixed rate mortgage were $8,631.

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 $9,089.

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) 29 $14,305,000 $493,276 $8,198 5.74%
FORT COLLINS, CO (FHA|USDA|VA) 5 $2,235,000 $447,000 $5,792 5.98%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $740,000 $370,000 $12,059 5.81%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $515,000 $515,000 $22,830 5.88%
GREELEY, CO (FHA|USDA|VA) 1 $455,000 $455,000 $7,783 7.13%
Outside of Metro Areas 1 $425,000 $425,000 $14,292 7.63%
Home Mortgage Alliance's top markets include Denver, Fort Collins, Portland, Minneapolis, and Greeley among others.

Their top states include:
  • Colorado (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Minnesota (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.

    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 66
    INROADS
    Similarity Rank: 238
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 300
    Shea Mortgage Inc.
    Similarity Rank: 589
    Clackamas Federal Credit Union
    Similarity Rank: 776
    HOME MORTGAGE ALLIANCE, LLC
    Similarity Rank: 942
    COLUMBIA COMMUNITY CREDIT UNION
    Similarity Rank: 988
    ON TAP
    Similarity Rank: 1140
    WESTERRA CREDIT UNION
    Similarity Rank: 1275

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 29 $13,885,000 $478,793 $8,737 5.80%
    VA 7 $3,605,000 $515,000 $5,491 5.86%
    FHA 3 $1,185,000 $395,000 $15,001 6.46%

    For 2023, Home Mortgage Alliance's most frequently originated type of loan was Conventional, with 29 originations. Their 2nd most popular type was VA, with 7 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 37 $17,825,000 $481,757 $8,388 5.80%
    Refi 1 $425,000 $425,000 $14,292 7.63%
    Cash Out Refi 1 $425,000 $425,000 $11,443 6.25%

    For 2023, Home Mortgage Alliance's most frequently cited loan purpose was Home Purchase, with 37 originations. The 2nd most popular reason was Refi, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 39 $18,675,000 $478,846 $8,631 5.86%

    For 2023, Home Mortgage Alliance's most frequently cited loan duration was 30 Year, with 39 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 16 $8,050,000 $503,125
    $1k-2k 14 $6,920,000 $494,286
    $<1k 4 $1,250,000 $312,500
    $2k-3k 3 $1,485,000 $495,000
    $3k-4k 1 $635,000 $635,000
    $4k-5k 1 $335,000 $335,000

    Home Mortgage Alliance's average total fees were $8,631, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 16 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 21 $9,635,000 $458,810
    5-6% 14 $8,130,000 $580,714
    <2.5% 2 $30,000 $15,000
    7-8% 2 $880,000 $440,000

    During 2023, Home Mortgage Alliance's average interest rate for loans was 5.86%, while their most frequently originated rate bucket for loans was 6-7%, with 21 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 21 $10,315,000 $491,190 $8,808 6.25%
    $600k-1MM 7 $5,085,000 $726,429 $8,969 5.98%
    $200k-400k 6 $1,960,000 $326,667 $10,341 6.10%
    $100,000 or less 2 $30,000 $15,000 $0 0.00%
    $100k-200k 2 $280,000 $140,000 $2,947 6.56%
    $1MM+ 1 $1,005,000 $1,005,000 $3,650 5.75%

    2023 saw Home Mortgage Alliance place emphasis on $400k-600k loans with 21 originations, totaling $10,315,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 12 $6,250,000 $520,833 $8,900 6.11%
    $150k-250k 11 $5,285,000 $480,455 $9,698 5.72%
    $250k+ 7 $4,755,000 $679,286 $8,666 6.09%
    $75k-100k 6 $1,740,000 $290,000 $7,130 5.19%
    $50k-75k 2 $520,000 $260,000 $7,988 6.00%
    $50k or less 1 $125,000 $125,000 $3,268 6.63%

    Home Mortgage Alliance lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $150k-250k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 5 $2,335,000 $467,000 $12,440 6.20%
    38% 4 $2,940,000 $735,000 $7,753 6.19%
    <20% 4 $950,000 $237,500 $12,748 3.06%
    48% 4 $1,520,000 $380,000 $6,008 6.44%
    50-60% 3 $1,295,000 $431,667 $12,963 5.54%
    45% 3 $1,895,000 $631,667 $6,726 5.71%
    47% 3 $1,495,000 $498,333 $7,866 6.50%
    42% 2 $1,260,000 $630,000 $13,033 5.81%
    20-30% 2 $870,000 $435,000 $3,030 6.25%
    36% 2 $700,000 $350,000 $5,444 6.50%
    40% 2 $970,000 $485,000 $10,294 6.44%
    49% 2 $840,000 $420,000 $8,371 6.06%
    43% 1 $635,000 $635,000 $5,801 6.63%
    41% 1 $455,000 $455,000 $7,783 7.13%
    46% 1 $515,000 $515,000 $0 5.75%

    Home Mortgage Alliance lent most frequently to those with DTI ratios of 30-36%, with 5 originations. The next most common DTI ratio? 38%, with 4 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 31 $15,485,000 $499,516 $8,093 5.97%
    Not provided 6 $1,660,000 $276,667 $9,937 5.23%
    Asian 1 $895,000 $895,000 $21,070 5.50%
    Black 1 $635,000 $635,000 $5,801 6.63%

    Approval Rates

    Total approvals of all applications
    94.64%

    Home Mortgage Alliance has an average approval rate.

    Pick Rate

    Approvals leading to origination
    64.10%

    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 39 $18,675,000 $478,846

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    39 $18,675,000 $478,846

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $360,000 $180,000 $2,964 6.56%
    40-60% 3 $975,000 $325,000 $10,609 6.17%
    60-80% 9 $5,055,000 $561,667 $10,187 5.96%
    80-100% 23 $12,255,000 $532,826 $8,256 6.23%
    Under 20% 2 $30,000 $15,000 $0 0.00%