Home Mortgage Alliance Rates, Fees & Info

DOVER, DE

LEI: 5493009YXZEN8325UC34

Tax ID: 46-3986756

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Home Mortgage Alliance is a small 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 30 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 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.

    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% 11/21/24
    30 Year Conventional Refi 6.63% 11/21/24
    30 Year Cash-out Refi 6.82% 11/21/24
    30 Year FHA Purchase 7.59% 11/21/24
    30 Year FHA Refi 7.14% 11/21/24
    30 Year VA Purchase 6.13% 11/21/24
    30 Year USDA Purchase 7.19% 11/21/24
    15 Year Conventional Purchase 6.10% 11/21/24
    15 Year Conventional Refi 6.39% 11/21/24
    15 Year Cash-out Refi 6.39% 11/21/24
    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

    2,867

    Origination Dollar Volume (All Markets)

    $1,017,895,000

    Awards

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

    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) 1,952 $708,940,000 $363,186 $4,476 3.07%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 306 $106,550,000 $348,203 $4,616 3.14%
    FORT COLLINS, CO (FHA|USDA|VA) 186 $60,450,000 $325,000 $3,982 3.17%
    BOULDER, CO (FHA|USDA|VA) 115 $44,745,000 $389,087 $3,748 3.09%
    GREELEY, CO (FHA|USDA|VA) 131 $37,635,000 $287,290 $4,967 3.02%
    Outside of Metro Areas 47 $14,305,000 $304,362 $3,664 3.25%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 44 $13,740,000 $312,273 $5,299 2.85%
    Breckenridge, CO (FHA|USDA|VA) 17 $7,265,000 $427,353 $3,928 3.20%
    SALEM, OR (FHA|USDA|VA) 14 $4,480,000 $320,000 $3,354 3.11%
    Glenwood Springs, CO (FHA|USDA|VA) 10 $3,310,000 $331,000 $4,812 3.21%
    Edwards, CO (FHA|USDA|VA) 6 $2,900,000 $483,333 $6,666 3.06%
    GRAND JUNCTION, CO (FHA|USDA|VA) 6 $2,060,000 $343,333 $4,175 3.13%
    Steamboat Springs, CO (FHA|USDA|VA) 3 $1,935,000 $645,000 $7,646 3.33%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $1,575,000 $525,000 $7,860 3.13%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $1,190,000 $595,000 $5,079 2.94%
    BEND, OR (FHA|USDA|VA) 3 $955,000 $318,333 $3,986 3.00%
    MEDFORD, OR (FHA|USDA|VA) 2 $690,000 $345,000 $5,686 3.06%
    Newport, OR (FHA|USDA|VA) 2 $670,000 $335,000 $7,840 3.38%
    Hood River, OR (FHA|USDA|VA) 2 $650,000 $325,000 $4,084 3.00%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $625,000 $625,000 $5,153 2.88%
    NAPA, CA (FHA|USDA|VA) 1 $515,000 $515,000 $3,215 2.88%
    Astoria, OR (FHA|USDA|VA) 1 $495,000 $495,000 $3,788 2.88%
    Cañon City, CO (FHA|USDA|VA) 2 $420,000 $210,000 $2,855 3.75%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 2 $380,000 $190,000 $3,499 3.25%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $375,000 $375,000 $4,565 2.75%
    Montrose, CO (FHA|USDA|VA) 1 $325,000 $325,000 $2,408 3.50%
    PUEBLO, CO (FHA|USDA|VA) 3 $265,000 $88,333 $5,274 2.33%
    FRESNO, CA (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.25%
    Sterling, CO (FHA|USDA|VA) 2 $130,000 $65,000 $6,141 2.13%
    Fort Morgan, CO (FHA|USDA|VA) 1 $105,000 $105,000 $2,996 2.88%
    Home Mortgage Alliance's top markets include Denver, Portland, Fort Collins, Boulder, and Greeley among others.

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

    People's Community Federal Credit Union
    Similarity Rank: 434
    The District Federal Credit Union
    Similarity Rank: 441
    CASTPARTS EMPLOYEES
    Similarity Rank: 524
    DENVER COMMUNITY
    Similarity Rank: 732
    United Fidelity Bank, fsb
    Similarity Rank: 792
    AVENTA Credit Union
    Similarity Rank: 915
    OREGONIANS CREDIT UNION
    Similarity Rank: 948
    LANDED HOME LOANS LLC
    Similarity Rank: 1040
    BLUE BRICK FINANCIAL LLC
    Similarity Rank: 1175
    FOOTHILLS
    Similarity Rank: 1336

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,528 $885,380,000 $350,229 $3,771 3.09%
    FHA 171 $61,045,000 $356,988 $10,970 3.25%
    VA 166 $70,770,000 $426,325 $7,299 2.80%
    USDA 2 $700,000 $350,000 $8,248 3.19%

    For 2020, Home Mortgage Alliance's most frequently originated type of loan was Conventional, with 2,528 originations. Their 2nd most popular type was FHA, with 171 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,291 $470,625,000 $364,543 $5,276 2.97%
    Refi 1,160 $406,500,000 $350,431 $3,619 3.12%
    Cash Out Refi 317 $106,265,000 $335,221 $4,399 3.37%
    Home Improvement 99 $34,505,000 $348,535 $4,270 3.29%

    For 2020, Home Mortgage Alliance's most frequently cited loan purpose was Home Purchase, with 1,291 originations. The 2nd most popular reason was Refi, with 1,160 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,524 $916,860,000 $363,257 $4,568 3.12%
    15 Year 185 $53,825,000 $290,946 $3,573 2.83%
    20 Year 97 $29,515,000 $304,278 $3,521 3.10%
    Other 48 $17,260,000 $359,583 $3,770 3.01%
    3 Year 12 $160,000 $13,333 $0 0.00%
    10 Year 1 $275,000 $275,000 $3,472 3.38%

    For 2020, Home Mortgage Alliance's most frequently cited loan duration was 30 Year, with 2,524 originations. The 2nd most popular length was 15 Year, with 185 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,946 $723,980,000 $372,035
    $2k-3k 264 $87,410,000 $331,098
    $3k-4k 157 $55,465,000 $353,280
    $4k-5k 153 $52,055,000 $340,229
    $5k+ 141 $66,165,000 $469,255
    $<1k 16 $5,750,000 $359,375

    Home Mortgage Alliance's average total fees were $4,568, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,946 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,490 $526,760,000 $353,530
    2.5-3% 1,073 $412,895,000 $384,804
    <2.5% 214 $49,150,000 $229,673
    4-5% 87 $28,215,000 $324,310
    5-6% 3 $875,000 $291,667

    During 2020, Home Mortgage Alliance's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 3-4%, with 1,490 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,477 $455,575,000 $308,446 $4,390 3.22%
    $400k-600k 975 $473,955,000 $486,108 $4,638 3.12%
    $100k-200k 243 $39,685,000 $163,313 $3,292 3.31%
    $100,000 or less 110 $2,460,000 $22,364 $3,147 0.47%
    $600k-1MM 57 $40,245,000 $706,053 $7,142 3.16%
    $1MM+ 5 $5,975,000 $1,195,000 $9,083 3.10%

    2020 saw Home Mortgage Alliance place emphasis on $200k-400k loans with 1,477 originations, totaling $455,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 755 $288,885,000 $382,629 $4,350 3.14%
    $75k-100k 628 $206,230,000 $328,392 $4,816 3.04%
    $50k-75k 545 $144,875,000 $265,826 $4,448 3.01%
    $150k-250k 537 $236,575,000 $440,549 $4,366 3.15%
    $50k or less 241 $59,675,000 $247,614 $4,191 2.97%
    $250k+ 161 $81,655,000 $507,174 $4,191 3.18%

    Home Mortgage Alliance lent most frequently to those with incomes in the $100k-150k range, with 755 originations. The second most popular income band? $75k-100k, with 628 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 616 $223,030,000 $362,062 $3,850 3.06%
    30-36% 536 $200,250,000 $373,601 $4,339 3.18%
    <20% 246 $63,530,000 $258,252 $3,523 2.30%
    44% 135 $47,615,000 $352,704 $4,444 3.31%
    41% 115 $46,505,000 $404,391 $4,976 3.18%
    43% 114 $40,420,000 $354,561 $4,872 3.27%
    42% 104 $37,960,000 $365,000 $4,531 3.16%
    37% 104 $38,810,000 $373,173 $4,279 3.20%
    39% 100 $38,430,000 $384,300 $3,930 3.19%
    38% 100 $36,010,000 $360,100 $4,678 3.14%
    36% 96 $33,360,000 $347,500 $4,188 3.30%
    40% 94 $30,330,000 $322,660 $4,266 3.25%
    50-60% 79 $28,325,000 $358,544 $9,733 3.19%
    45% 76 $28,790,000 $378,816 $4,728 3.20%
    46% 74 $25,390,000 $343,108 $5,393 3.14%
    49% 70 $24,570,000 $351,000 $4,425 3.20%
    48% 67 $24,295,000 $362,612 $5,011 3.23%
    47% 62 $20,400,000 $329,032 $5,217 3.18%
    >60% 3 $1,095,000 $365,000 $3,326 3.17%

    Home Mortgage Alliance lent most frequently to those with DTI ratios of 20-30%, with 616 originations. The next most common DTI ratio? 30-36%, with 536 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,392 $857,570,000 $358,516 $4,342 3.12%
    Not provided 341 $115,495,000 $338,695 $4,999 2.92%
    Asian 58 $20,840,000 $359,310 $4,620 2.93%
    Black 48 $14,860,000 $309,583 $5,811 2.89%
    American Indian 11 $3,975,000 $361,364 $4,509 3.15%
    Asian Indian 4 $2,050,000 $512,500 $4,211 3.13%
    Native Hawaiian or Islander 6 $1,050,000 $175,000 $7,517 2.33%
    Japanese 2 $590,000 $295,000 $3,224 3.13%
    Other Pacific Islander 2 $440,000 $220,000 $14,945 2.13%
    Other Asian 1 $435,000 $435,000 $2,799 4.25%
    Vietnamese 1 $335,000 $335,000 $2,893 2.88%
    Korean 1 $255,000 $255,000 $3,579 2.75%

    Approval Rates

    Total approvals of all applications
    92.43%

    Home Mortgage Alliance has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.43%

    Home Mortgage Alliance has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,867 $1,017,895,000 $355,038

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 11 $2,585,000 $235,000
    Single Family (1-4 Units):Site-Built 2,856 $1,015,310,000 $355,501

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 143 $33,605,000 $235,000 $3,405 3.08%
    40-60% 528 $171,680,000 $325,152 $3,429 3.08%
    60-80% 1,144 $447,900,000 $391,521 $3,943 3.23%
    80-100% 925 $350,575,000 $379,000 $5,468 3.23%
    Over 100% 23 $11,165,000 $485,435 $16,173 2.86%
    Under 20% 104 $2,970,000 $28,558 $3,692 0.27%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Home Mortgage Alliance Corp. (HMAC) Conventional home mortgage Closing on a mortgage 1 50.0%
    Home Mortgage Alliance Corp. (HMAC) Conventional home mortgage Struggling to pay mortgage 1 50.0%