Home Mortgage Alliance Rates, Fees & Info
DOVER, DELEI: 5493009YXZEN8325UC34
Tax ID: 46-3986756
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Mortgage Data
Review & 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 by origination volume include: Denver, Portland, Fort Collins, Boulder, and Greeley among others. We have data for 31 markets. (Some data included below & more in-depth data is available with an active subscription.)Home Mortgage Alliance has an 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 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.19% | 11/22/24 |
| 30 Year Conventional Refi | 6.63% | 11/22/24 |
| 30 Year Cash-out Refi | 6.82% | 11/22/24 |
| 30 Year FHA Purchase | 7.59% | 11/22/24 |
| 30 Year FHA Refi | 7.14% | 11/22/24 |
| 30 Year VA Purchase | 6.13% | 11/22/24 |
| 30 Year USDA Purchase | 7.19% | 11/22/24 |
| 15 Year Conventional Purchase | 6.10% | 11/22/24 |
| 15 Year Conventional Refi | 6.39% | 11/22/24 |
| 15 Year Cash-out Refi | 6.39% | 11/22/24 |
| 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. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,691Origination Dollar Volume (All Markets)
$577,305,000Top 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) | 1,073 | $376,475,000 | $350,862 | $4,706 | 4.24% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 205 | $66,455,000 | $324,171 | $4,722 | 4.29% |
| FORT COLLINS, CO (FHA|USDA|VA) | 132 | $42,240,000 | $320,000 | $4,282 | 4.34% |
| BOULDER, CO (FHA|USDA|VA) | 79 | $34,675,000 | $438,924 | $4,131 | 4.05% |
| GREELEY, CO (FHA|USDA|VA) | 97 | $25,735,000 | $265,309 | $4,817 | 4.36% |
| Outside of Metro Areas | 26 | $7,850,000 | $301,923 | $4,240 | 4.57% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 24 | $7,030,000 | $292,917 | $5,163 | 4.52% |
| Breckenridge, CO (FHA|USDA|VA) | 8 | $3,240,000 | $405,000 | $3,368 | 4.06% |
| SALEM, OR (FHA|USDA|VA) | 10 | $2,460,000 | $246,000 | $4,848 | 4.26% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 5 | $2,385,000 | $477,000 | $6,742 | 3.90% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 4 | $1,230,000 | $307,500 | $3,475 | 4.19% |
| Edwards, CO (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $3,170 | 3.87% |
| BEND, OR (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $5,096 | 4.37% |
| Glenwood Springs, CO (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $3,603 | 4.42% |
| Cañon City, CO (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $3,517 | 4.06% |
| Fort Morgan, CO (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $5,377 | 3.87% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,192 | 5.25% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,750 | 3.63% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,680 | 4.38% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,535 | 4.50% |
| Durango, CO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,198 | 4.13% |
| CHEYENNE, WY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,920 | 4.38% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,196 | 3.63% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,503 | 4.38% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,040 | 4.25% |
| Montrose, CO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,153 | 4.75% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,798 | 6.00% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,020 | 4.88% |
| Laramie, WY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,707 | 4.88% |
| Centralia, WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,950 | 5.13% |
| Sterling, CO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,160 | 4.75% |
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.
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Product Mix
For 2019, Home Mortgage Alliance's most frequently originated type of loan was Conventional, with 1,454 originations. Their 2nd most popular type was FHA, with 132 originations.
Loan Reason
For 2019, Home Mortgage Alliance's most frequently cited loan purpose was Home Purchase, with 1,170 originations. The 2nd most popular reason was Refi, with 315 originations.
Loan Duration/Length
For 2019, Home Mortgage Alliance's most frequently cited loan duration was 30 Year, with 1,608 originations. The 2nd most popular length was 15 Year, with 46 originations.
Origination Fees/Closing Costs
Home Mortgage Alliance's average total fees were $4,677, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,007 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 765 | $285,285,000 | $372,922 |
| 4-5% | 701 | $245,795,000 | $350,635 |
| 5-6% | 140 | $41,980,000 | $299,857 |
| 2.5-3% | 6 | $2,380,000 | $396,667 |
| 6-7% | 5 | $855,000 | $171,000 |
During 2019, Home Mortgage Alliance's average interest rate for loans was 4.29%, while their most frequently originated rate bucket for loans was 3-4%, with 765 originations.
Loan Sizing
2019 saw Home Mortgage Alliance place emphasis on $200k-400k loans with 919 originations, totaling $282,905,000 in origination value.
Applicant Income
Home Mortgage Alliance lent most frequently to those with incomes in the $100k-150k range, with 438 originations. The second most popular income band? $50k-75k, with 362 originations.
Applicant Debt to Income Ratio
Home Mortgage Alliance lent most frequently to those with DTI ratios of 20-30%, with 295 originations. The next most common DTI ratio? 30-36%, with 261 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.78%
Home Mortgage Alliance has an average approval rate.
Pick Rate
Approvals leading to origination71.73%
Home Mortgage Alliance has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,691 | $577,305,000 | $341,399 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 10 | $3,100,000 | $310,000 |
| Single Family (1-4 Units):Site-Built | 1,681 | $574,205,000 | $341,585 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Home Mortgage Alliance Corp. (HMAC) | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |