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

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  • 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 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 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 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% 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

    2,198

    Origination Dollar Volume (All Markets)

    $866,940,000

    Awards

    HOME MORTGAGE ALLIANCE 30 Year Conventional Loans bronze
    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) 1,423 $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.

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

    People's Community Federal Credit Union
    Similarity Rank: 86
    CASTPARTS EMPLOYEES
    Similarity Rank: 660
    The District Federal Credit Union
    Similarity Rank: 882
    AVENTA Credit Union
    Similarity Rank: 930
    Yakima Federal Savings and Loan Association
    Similarity Rank: 1065
    Bank of the Pacific
    Similarity Rank: 1218
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1344
    Pacific NW Federal Credit Union
    Similarity Rank: 1406
    DENVER COMMUNITY
    Similarity Rank: 1540
    SELCO COMMUNITY
    Similarity Rank: 1725

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Home Mortgage Alliance's most frequently originated type of loan was Conventional, with 1,941 originations. Their 2nd most popular type was FHA, with 141 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Home Mortgage Alliance's most frequently cited loan purpose was Home Purchase, with 1,305 originations. The 2nd most popular reason was 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 2021, Home Mortgage Alliance's most frequently cited loan duration was 30 Year, with 2,006 originations. The 2nd most popular length was 15 Year, with 125 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,349 $559,215,000 $414,540
    $5k+ 181 $87,715,000 $484,613
    $2k-3k 162 $63,640,000 $392,840
    $4k-5k 113 $45,445,000 $402,168
    $3k-4k 110 $38,860,000 $353,273
    $<1k 91 $4,515,000 $49,615

    Home Mortgage Alliance's average total fees were $5,086, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.98%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    90.87%

    Home Mortgage Alliance has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.25%

    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%