Equitable Home Mortgage Rates, Fees & Info
PHOENIX, AZLEI: 549300B8FO8HQHJB6633
Tax ID: 86-0716784
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Mortgage Data
Review & Overview
Equitable Home Mortgage is a smaller mortgage company specializing in Home Purchase and Refi loans. Equitable Home Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: Phoenix, San Diego, Flagstaff, Prescott Valley, and Los Angeles 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
397Origination Dollar Volume (All Markets)
$242,195,000Top 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) | 369 | $224,555,000 | $608,550 | $6,415 | 3.76% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $3,955,000 | $1,318,333 | $7,352 | 3.08% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 6 | $3,350,000 | $558,333 | $8,217 | 4.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 4 | $2,460,000 | $615,000 | $5,748 | 3.50% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $1,435,000 | $478,333 | $5,468 | 3.04% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $12,810 | 3.38% |
| Key West, FL (FHA|USDA|VA) | 1 | $1,155,000 | $1,155,000 | $11,218 | 3.50% |
| Hailey, ID (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $4,870 | 3.38% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $3,254 | 3.17% |
| Payson, AZ (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $4,633 | 2.87% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $2,654 | 3.50% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,993 | 2.88% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,460 | 3.38% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 396 | $242,090,000 | $611,338 | $6,397 | 3.74% |
| HELOC | 1 | $105,000 | $105,000 | n/a | 4.49% |
For 2020, Equitable Home Mortgage's most frequently originated type of loan was Conventional, with 396 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2020, Equitable Home Mortgage's most frequently cited loan purpose was Home Purchase, with 240 originations. The 2nd most popular reason was Refi, with 115 originations.
Loan Duration/Length
For 2020, Equitable Home Mortgage's most frequently cited loan duration was 30 Year, with 370 originations. The 2nd most popular length was 15 Year, with 11 originations.
Origination Fees/Closing Costs
Equitable Home Mortgage's average total fees were $6,292, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 293 originations.
Interest Rates
During 2020, Equitable Home Mortgage's average interest rate for loans was 3.67%, while their most frequently originated rate bucket for loans was 3-4%, with 208 originations.
Loan Sizing
2020 saw Equitable Home Mortgage place emphasis on $400k-600k loans with 133 originations, totaling $64,455,000 in origination value.
Applicant Income
Equitable Home Mortgage lent most frequently to those with incomes in the $250k+ range, with 139 originations. The second most popular income band? $150k-250k, with 92 originations.
Applicant Debt to Income Ratio
Equitable Home Mortgage lent most frequently to those with DTI ratios of 20-30%, with 22 originations. The next most common DTI ratio? <20%, with 14 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.94%
Equitable Home Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination63.48%
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 |
|---|---|---|---|
| 0.0 | 2 | $300,000 | $150,000 |
| 350.0 | 1 | $105,000 | $105,000 |
| 4435.0 | 1 | $515,000 | $515,000 |
| 5130.0 | 1 | $195,000 | $195,000 |
| NA | 392 | $241,080,000 | $615,000 |