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 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 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.
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Originations
39Origination Dollar Volume (All Markets)
$18,675,000Awards
HOME MORTGAGE ALLIANCE - 2023
HOME MORTGAGE ALLIANCE is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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
| 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
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
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
2023 saw Home Mortgage Alliance place emphasis on $400k-600k loans with 21 originations, totaling $10,315,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications94.64%
Home Mortgage Alliance has an average approval rate.
Pick Rate
Approvals leading to origination64.10%
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 |