Equitable Home Mortgage Rates, Fees & Info
PHOENIX, AZLEI: 549300B8FO8HQHJB6633
Tax ID: 86-0716784
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Equitable Home Mortgage is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Equitable Home Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: Phoenix, San Diego, Santa Maria, Los Angeles, and Seattle among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Equitable Home Mortgage 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. Equitable Home Mortgage 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 | 6.27% | 4/12/24 |
| 30 Year Conventional Refi | 6.27% | 4/12/24 |
| 30 Year Cash-out Refi | 6.27% | 4/12/24 |
| 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. | ||
Equitable Home Mortgage Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Equitable Home Mortgage. 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
444Origination Dollar Volume (All Markets)
$330,420,000Top 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 |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 418 | $307,430,000 | $735,478 | $7,966 | 4.92% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 5 | $6,675,000 | $1,335,000 | $16,809 | 5.95% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $4,785,000 | $4,785,000 | $46,076 | 5.99% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $3,335,000 | $1,111,667 | $14,538 | 6.79% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $1,760,000 | $880,000 | $4,394 | 4.06% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $1,525,000 | $508,333 | $7,603 | 4.54% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $1,520,000 | $760,000 | $5,055 | 3.75% |
| Payson, AZ (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $5,785 | 4.75% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $4,197 | 4.21% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $3,150 | 5.00% |
| Hailey, ID (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,456 | 4.50% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,698 | 3.88% |
| Safford, AZ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,559 | 3.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against EQUITABLE HOME MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 820
Similarity Rank: 1136
Similarity Rank: 1230
Similarity Rank: 1296
Similarity Rank: 1364
Similarity Rank: 1469
Similarity Rank: 1504
Similarity Rank: 1598
Similarity Rank: 1710
Similarity Rank: 1806
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 444 | $330,420,000 | $744,189 | $8,087 | 4.92% |
For 2019, Equitable Home Mortgage's most frequently originated type of loan was Conventional, with 444 originations.
Loan Reason
For 2019, Equitable Home Mortgage's most frequently cited loan purpose was Home Purchase, with 267 originations. The 2nd most popular reason was Cash Out Refi, with 93 originations.
Loan Duration/Length
For 2019, Equitable Home Mortgage's most frequently cited loan duration was 30 Year, with 395 originations. The 2nd most popular length was 30+ year, with 32 originations.
Origination Fees/Closing Costs
Equitable Home Mortgage's average total fees were $7,286, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 269 originations.
Interest Rates
During 2019, Equitable Home Mortgage's average interest rate for loans was 4.86%, while their most frequently originated rate bucket for loans was 3-4%, with 153 originations.
Loan Sizing
2019 saw Equitable Home Mortgage place emphasis on $200k-400k loans with 130 originations, totaling $37,940,000 in origination value.
Applicant Income
Equitable Home Mortgage lent most frequently to those with incomes in the $250k+ range, with 189 originations. The second most popular income band? $150k-250k, with 98 originations.
Applicant Debt to Income Ratio
Equitable Home Mortgage lent most frequently to those with DTI ratios of 20-30%, with 92 originations. The next most common DTI ratio? 30-36%, with 80 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.39%
Equitable Home Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination63.74%
Equitable Home Mortgage 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 | 444 | $330,420,000 | $744,189 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 444 | $330,420,000 | $744,189 |