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

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. They have a low ratio of USDA loans. Their top markets by origination volume include: Denver, Portland, Fort Collins, Greeley, and Boulder among others. We have data for 25 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%	4/28/24
30 Year Conventional Refi	6.63%	4/28/24
30 Year Cash-out Refi	6.82%	4/28/24
30 Year FHA Purchase	7.59%	4/28/24
30 Year FHA Refi	7.14%	4/28/24
30 Year VA Purchase	6.13%	4/28/24
30 Year USDA Purchase	7.19%	4/28/24
15 Year Conventional Purchase	6.10%	4/28/24
15 Year Conventional Refi	6.39%	4/28/24
15 Year Cash-out Refi	6.39%	4/28/24
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

Purchase Price:

Loan Amount:

Deposit Amount:

% Deposit:

Interest Rate:

Loan Type:

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

742

Origination Dollar Volume (All Markets)

$325,550,000

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)	381	$179,455,000	$471,010	$7,284	4.37%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA\|USDA\|VA)	135	$56,265,000	$416,778	$6,633	4.84%
FORT COLLINS, CO (FHA\|USDA\|VA)	81	$31,625,000	$390,432	$6,553	4.83%
GREELEY, CO (FHA\|USDA\|VA)	60	$21,530,000	$358,833	$8,602	4.09%
BOULDER, CO (FHA\|USDA\|VA)	23	$12,195,000	$530,217	$6,231	4.42%
Outside of Metro Areas	20	$7,850,000	$392,500	$6,687	4.30%
COLORADO SPRINGS, CO (FHA\|USDA\|VA)	10	$3,000,000	$300,000	$6,667	4.06%
SALEM, OR (FHA\|USDA\|VA)	6	$2,600,000	$433,333	$8,903	5.53%
Edwards, CO (FHA\|USDA\|VA)	2	$1,470,000	$735,000	$20,493	4.25%
CHEYENNE, WY (FHA\|USDA\|VA)	4	$1,410,000	$352,500	$6,588	4.53%
Glenwood Springs, CO (FHA\|USDA\|VA)	2	$1,270,000	$635,000	$7,544	3.48%
PUEBLO, CO (FHA\|USDA\|VA)	4	$1,250,000	$312,500	$6,548	4.28%
Breckenridge, CO (FHA\|USDA\|VA)	1	$1,195,000	$1,195,000	$16,334	3.63%
Seattle-Tacoma-Bellevue, WA (FHA\|USDA\|VA)	1	$645,000	$645,000	$5,584	5.38%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA\|USDA\|VA)	1	$605,000	$605,000	$0	6.25%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA\|USDA\|VA)	1	$495,000	$495,000	$17,100	2.88%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA\|USDA\|VA)	2	$420,000	$210,000	$15,429	3.38%
LONGVIEW, WA (FHA\|USDA\|VA)	1	$375,000	$375,000	$3,886	6.75%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	1	$375,000	$375,000	$4,467	5.63%
Newport, OR (FHA\|USDA\|VA)	1	$365,000	$365,000	$5,069	4.50%
ALBANY-LEBANON, OR (FHA\|USDA\|VA)	1	$315,000	$315,000	$10,740	4.50%
Montrose, CO (FHA\|USDA\|VA)	1	$295,000	$295,000	$2,531	7.25%
BEND, OR (FHA\|USDA\|VA)	1	$245,000	$245,000	$3,679	5.63%
MEDFORD, OR (FHA\|USDA\|VA)	1	$215,000	$215,000	$5,536	6.88%
MOUNT VERNON-ANACORTES, WA (FHA\|USDA\|VA)	1	$85,000	$85,000	$5,533	6.13%

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

Their top states include:

Colorado (FHA|USDA|VA)

Oregon (FHA|USDA|VA)

Washington (FHA|USDA|VA)

Wyoming (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: 10

Red Rocks Credit Union
Similarity Rank: 384

Credit Union of Denver
Similarity Rank: 450

DENVER COMMUNITY
Similarity Rank: 651

Yakima Federal Savings and Loan Association
Similarity Rank: 700

PRIORITY HOME MORTGAGE, L.P.
Similarity Rank: 714

OREGONIANS CREDIT UNION
Similarity Rank: 880

BLUE BRICK FINANCIAL LLC
Similarity Rank: 1020

ON TAP
Similarity Rank: 1056

Wauna Federal Credit Union
Similarity Rank: 1155

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	631	$274,735,000	$435,396	$5,843	4.44%
FHA	71	$28,985,000	$408,239	$14,328	5.06%
VA	39	$21,505,000	$551,410	$12,543	4.41%
USDA	1	$325,000	$325,000	$6,689	4.25%

For 2022, Home Mortgage Alliance's most frequently originated type of loan was Conventional, with 631 originations. Their 2nd most popular type was FHA, with 71 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	648	$287,570,000	$443,781	$7,376	4.54%
Cash Out Refi	66	$26,130,000	$395,909	$5,677	4.30%
Refi	28	$11,850,000	$423,214	$5,690	3.97%

For 2022, Home Mortgage Alliance's most frequently cited loan purpose was Home Purchase, with 648 originations. The 2nd most popular reason was Cash Out Refi, with 66 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	725	$321,095,000	$442,890	$7,190	4.51%
15 Year	9	$3,145,000	$349,444	$5,891	3.50%
20 Year	5	$1,265,000	$253,000	$4,297	4.18%
10 Year	2	$30,000	$15,000	$0	7.13%
3 Year	1	$15,000	$15,000	$0	0.00%

For 2022, Home Mortgage Alliance's most frequently cited loan duration was 30 Year, with 725 originations. The 2nd most popular length was 15 Year, with 9 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	283	$133,475,000	$471,643
$5k+	173	$89,425,000	$516,908
$2k-3k	74	$31,500,000	$425,676
$4k-5k	63	$28,675,000	$455,159
$3k-4k	56	$23,160,000	$413,571
$<1k	55	$5,765,000	$104,818

Home Mortgage Alliance's average total fees were $7,190, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 283 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	227	$104,975,000	$462,445
5-6%	218	$100,190,000	$459,587
4-5%	157	$78,525,000	$500,159
6-7%	69	$31,655,000	$458,768
<2.5%	45	$615,000	$13,667
7-8%	14	$5,150,000	$367,857
2.5-3%	11	$4,415,000	$401,364
Over 8%	1	$25,000	$25,000

During 2022, Home Mortgage Alliance's average interest rate for loans was 4.51%, while their most frequently originated rate bucket for loans was 3-4%, with 227 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$400k-600k	297	$143,655,000	$483,687	$7,634	4.73%
$200k-400k	229	$72,785,000	$317,838	$6,179	4.79%
$600k-1MM	118	$80,240,000	$680,000	$7,825	4.74%
$100,000 or less	53	$1,135,000	$21,415	$4,302	0.89%
$100k-200k	29	$4,875,000	$168,103	$4,795	5.29%
$1MM+	16	$22,860,000	$1,428,750	$11,391	4.82%

2022 saw Home Mortgage Alliance place emphasis on $400k-600k loans with 297 originations, totaling $143,655,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	222	$96,370,000	$434,099	$6,833	4.53%
$150k-250k	168	$92,520,000	$550,714	$7,264	4.87%
$75k-100k	148	$51,390,000	$347,230	$7,943	4.27%
$50k-75k	105	$28,615,000	$272,524	$6,797	4.16%
$250k+	73	$52,375,000	$717,466	$7,685	4.61%
$50k or less	26	$4,280,000	$164,615	$4,718	4.14%

Home Mortgage Alliance lent most frequently to those with incomes in the $100k-150k range, with 222 originations. The second most popular income band? $150k-250k, with 168 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
30-36%	123	$59,975,000	$487,602	$5,803	4.56%
20-30%	103	$47,005,000	$456,359	$5,902	4.60%
<20%	52	$7,940,000	$152,692	$5,054	1.56%
50-60%	40	$20,430,000	$510,750	$12,598	4.89%
41%	40	$21,120,000	$528,000	$6,999	4.67%
45%	40	$17,100,000	$427,500	$6,909	4.84%
48%	39	$15,395,000	$394,744	$9,746	4.93%
44%	38	$17,030,000	$448,158	$6,477	4.88%
49%	30	$12,440,000	$414,667	$10,002	4.81%
43%	30	$12,480,000	$416,000	$6,690	4.37%
36%	29	$15,835,000	$546,034	$6,043	4.59%
47%	28	$11,010,000	$393,214	$6,840	5.13%
46%	28	$12,040,000	$430,000	$8,393	4.67%
39%	26	$11,630,000	$447,308	$6,890	4.56%
42%	25	$12,255,000	$490,200	$8,657	5.08%
38%	25	$10,875,000	$435,000	$5,917	4.78%
40%	23	$9,905,000	$430,652	$7,573	4.73%
37%	23	$11,085,000	$481,957	$5,562	4.82%

Home Mortgage Alliance lent most frequently to those with DTI ratios of 30-36%, with 123 originations. The next most common DTI ratio? 20-30%, with 103 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	591	$265,765,000	$449,687	$7,007	4.55%
Not provided	104	$43,070,000	$414,135	$7,507	4.39%
Black	21	$6,965,000	$331,667	$10,148	4.04%
Asian	13	$5,215,000	$401,154	$7,236	4.16%
American Indian	6	$2,230,000	$371,667	$8,264	3.64%
Filipino	3	$895,000	$298,333	$6,204	6.58%
Asian Indian	1	$525,000	$525,000	$3,049	3.88%
Chinese	1	$465,000	$465,000	$7,364	4.88%
Native Hawaiian or Islander	2	$420,000	$210,000	$14,423	2.13%

Approval Rates

Total approvals of all applications
96.19%

Home Mortgage Alliance has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
60.51%

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	742	$325,550,000	$438,747

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	742	$325,550,000	$438,747

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	22	$6,540,000	$297,273	$4,821	4.88%
40-60%	81	$31,655,000	$390,802	$6,113	4.57%
60-80%	240	$117,710,000	$490,458	$6,321	4.70%
80-100%	335	$162,225,000	$484,254	$7,666	4.89%
Over 100%	11	$6,095,000	$554,091	$20,701	4.53%
Under 20%	53	$1,325,000	$25,000	$4,105	0.84%