Home Point Financial Corporation Mortgage Rates, Fees & Info

EAST LANSING, MI

LEI: 549300BRJZYHYKT4BJ84

Tax ID: 20-8921389

2020 Data | 2019 Data | 2018 Data


Overview

Home Point Financial Corporation is a large mortgage company specializing in Refi and Home Purchase loans. Home Point Financial Corporation 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 include Los Angeles, San Diego, Anaheim, Denver, and Riverside among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Home Point Financial Corporation is typically an average fee lendor.


Originations

124,598

Origination Dollar Volume (All Markets)

$41,078,120,000

Relative Rate

Home Point Financial Corporation's average 30 year fixed rate mortgage was 3.18%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.18%.

Relative Fees

Home Point Financial Corporation's average total fees for a 30 year fixed rate mortgage are $5,057.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 99,115 $33,099,485,000 $333,950 $4,743 3.19%
VA 13,425 $4,896,225,000 $364,709 $5,585 2.80%
FHA 10,240 $2,743,870,000 $267,956 $8,610 3.29%
USDA 1,818 $338,540,000 $186,216 $5,582 3.32%

For the 2020 period, Home Point Financial Corporation's most frequently originated loan type was Conventional, with 99,115 originations. Their 2nd most popular type is VA, with 13,425 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 58,969 $20,067,955,000 $340,314 $4,287 3.01%
Home Purchase 41,316 $13,067,070,000 $316,271 $6,394 3.29%
Cash Out Refi 22,712 $7,412,390,000 $326,364 $5,351 3.29%
Home Improvement 1,601 $530,705,000 $331,483 $4,904 3.20%

For the 2020, Home Point Financial Corporation's most frequently cited loan purpose was Refi, with 58,969 originations. The 2nd most popular reason was Home Purchase, with 41,316 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 103,304 $35,163,220,000 $340,386 $5,415 3.21%
15 Year 12,617 $3,384,605,000 $268,258 $3,968 2.78%
20 Year 5,743 $1,693,775,000 $294,929 $4,294 3.04%
Other 2,246 $685,710,000 $305,303 $4,350 3.09%
10 Year 688 $150,810,000 $219,201 $3,604 2.73%

For the 2020, Home Point Financial Corporation's most frequently cited loan length was 30 Year, with 103,304 originations. The 2nd most popular length was 15 Year, with 12,617 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 36,354 $12,265,110,000 $337,380
$<1k 34,672 $10,713,210,000 $308,987
$5k+ 18,542 $7,822,430,000 $421,876
$3k-4k 16,408 $5,009,660,000 $305,318
$2k-3k 11,278 $3,208,010,000 $284,448

$5,057 was Home Point Financial Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 36,354 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
LOS ANGELES-LONG BEACH-GLENDALE, CA 5,074 $2,437,820,000 $480,453 $5,488 3.16%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 3,847 $1,822,215,000 $473,672 $5,640 3.04%
ANAHEIM-SANTA ANA-IRVINE, CA 3,413 $1,749,665,000 $512,647 $5,120 3.10%
DENVER-AURORA-LAKEWOOD, CO 4,452 $1,593,870,000 $358,012 $5,202 3.08%
Outside of Metro Areas 6,486 $1,565,940,000 $241,434 $4,514 3.24%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 3,609 $1,275,265,000 $353,357 $5,639 3.15%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 2,965 $1,264,335,000 $426,420 $5,898 3.00%
OAKLAND-BERKELEY-LIVERMORE, CA 2,307 $1,163,275,000 $504,237 $4,948 3.10%
PHOENIX-MESA-CHANDLER, AZ 3,322 $960,830,000 $289,232 $4,432 3.21%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 1,780 $937,230,000 $526,534 $3,805 3.07%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 2,002 $918,300,000 $458,691 $9,866 3.13%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 2,395 $871,375,000 $363,831 $5,351 3.14%
SEATTLE-BELLEVUE-KENT, WA 1,961 $862,835,000 $439,997 $4,814 3.04%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 3,002 $859,290,000 $286,239 $5,122 3.14%
CHICAGO-NAPERVILLE-EVANSTON, IL 3,170 $836,880,000 $264,000 $4,068 3.31%
DALLAS-PLANO-IRVING, TX 2,380 $749,430,000 $314,887 $4,141 3.02%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 2,509 $732,995,000 $292,146 $4,311 3.11%
LAS VEGAS-HENDERSON-PARADISE, NV 2,505 $704,045,000 $281,056 $4,321 3.22%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 2,509 $642,565,000 $256,104 $5,985 3.28%
WARREN-TROY-FARMINGTON HILLS, MI 2,061 $516,445,000 $250,580 $4,142 3.15%
SALT LAKE CITY, UT 1,504 $513,390,000 $341,350 $5,887 3.15%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 962 $511,320,000 $531,518 $4,477 3.08%
NEWARK, NJ-PA 1,156 $443,290,000 $383,469 $8,509 3.17%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 1,947 $432,635,000 $222,206 $3,870 3.26%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 1,285 $415,755,000 $323,545 $4,538 3.06%
NEW BRUNSWICK-LAKEWOOD, NJ 1,115 $411,605,000 $369,152 $7,053 3.14%
URBAN HONOLULU, HI 786 $410,760,000 $522,595 $6,542 3.01%
BALTIMORE-COLUMBIA-TOWSON, MD 1,097 $366,155,000 $333,778 $5,812 3.06%
ORLANDO-KISSIMMEE-SANFORD, FL 1,291 $352,465,000 $273,017 $5,816 3.28%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 1,056 $345,530,000 $327,206 $6,972 3.09%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 944 $335,550,000 $355,456 $5,533 3.15%
NASSAU COUNTY-SUFFOLK COUNTY, NY 684 $309,880,000 $453,041 $10,175 3.08%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 715 $287,775,000 $402,483 $5,688 3.06%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 950 $273,870,000 $288,284 $4,391 3.15%
OXNARD-THOUSAND OAKS-VENTURA, CA 573 $271,925,000 $474,564 $5,190 3.06%
COLORADO SPRINGS, CO 849 $271,175,000 $319,405 $4,999 3.01%
NORTH PORT-SARASOTA-BRADENTON, FL 968 $265,580,000 $274,360 $5,582 3.30%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 630 $250,480,000 $397,587 $5,513 3.17%
MIAMI-MIAMI BEACH-KENDALL, FL 771 $246,595,000 $319,838 $7,815 3.26%
BRIDGEPORT-STAMFORD-NORWALK, CT 649 $242,475,000 $373,613 $6,280 3.12%
SAN LUIS OBISPO-PASO ROBLES, CA 534 $235,700,000 $441,386 $5,581 3.13%
KANSAS CITY, MO-KS 989 $235,425,000 $238,043 $3,580 3.25%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 770 $230,380,000 $299,195 $7,043 3.29%
FRESNO, CA 780 $222,940,000 $285,821 $6,467 3.31%
PROVO-OREM, UT 675 $220,505,000 $326,674 $5,538 3.16%
STOCKTON, CA 657 $219,855,000 $334,635 $5,589 3.19%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 761 $200,585,000 $263,581 $5,816 3.20%
BOSTON, MA 496 $196,910,000 $396,996 $6,003 3.16%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 658 $196,430,000 $298,526 $6,322 3.29%
OGDEN-CLEARFIELD, UT 617 $191,235,000 $309,943 $5,254 3.14%
LAFAYETTE, LA 797 $173,895,000 $218,187 $5,481 3.22%
PROVIDENCE-WARWICK, RI-MA 604 $172,660,000 $285,861 $4,949 3.24%
MODESTO, CA 590 $169,630,000 $287,508 $5,642 3.37%
SANTA ROSA-PETALUMA, CA 354 $165,990,000 $468,898 $5,945 3.15%
DAPHNE-FAIRHOPE-FOLEY, AL 647 $163,345,000 $252,465 $4,549 3.35%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 623 $156,975,000 $251,966 $4,566 3.13%
RALEIGH-CARY, NC 525 $155,805,000 $296,771 $3,741 3.09%
JACKSONVILLE, FL 564 $154,610,000 $274,131 $5,577 3.08%
ST. LOUIS, MO-IL 628 $149,590,000 $238,201 $3,507 3.16%
SALINAS, CA 350 $148,490,000 $424,257 $6,193 3.03%
BATON ROUGE, LA 556 $146,390,000 $263,291 $5,303 3.17%
BOULDER, CO 374 $145,510,000 $389,064 $4,552 3.07%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 464 $139,270,000 $300,151 $4,549 2.98%
FORT COLLINS, CO 398 $131,810,000 $331,181 $4,412 3.07%
NEW HAVEN-MILFORD, CT 517 $131,015,000 $253,414 $5,715 3.27%
GREELEY, CO 408 $128,870,000 $315,858 $5,254 3.10%
TACOMA-LAKEWOOD, WA 367 $127,685,000 $347,916 $5,466 3.05%
INDIANAPOLIS-CARMEL-ANDERSON, IN 553 $123,705,000 $223,698 $3,021 3.10%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 428 $122,990,000 $287,360 $3,635 3.27%
ALBANY-SCHENECTADY-TROY, NY 543 $122,035,000 $224,742 $7,253 3.26%
SANTA CRUZ-WATSONVILLE, CA 226 $121,040,000 $535,575 $6,285 3.03%
DETROIT-DEARBORN-LIVONIA, MI 550 $113,190,000 $205,800 $3,882 3.24%
VALLEJO, CA 310 $113,110,000 $364,871 $5,095 3.14%
PHILADELPHIA, PA 423 $112,935,000 $266,986 $6,567 3.31%
RICHMOND, VA 388 $112,760,000 $290,619 $5,196 3.09%
SANTA MARIA-SANTA BARBARA, CA 286 $107,870,000 $377,168 $5,543 3.17%
PENSACOLA-FERRY PASS-BRENT, FL 378 $107,380,000 $284,074 $5,021 2.90%
NEW ORLEANS-METAIRIE, LA 413 $105,705,000 $255,944 $6,539 3.17%
CINCINNATI, OH-KY-IN 449 $104,935,000 $233,708 $3,115 3.03%
BAKERSFIELD, CA 434 $103,830,000 $239,240 $6,250 3.24%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 370 $103,300,000 $279,189 $3,778 3.19%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 327 $98,565,000 $301,422 $4,643 3.10%
COLUMBUS, OH 405 $98,195,000 $242,457 $3,633 3.12%
SAN RAFAEL, CA 168 $97,920,000 $582,857 $4,598 3.05%
HARRISBURG-CARLISLE, PA 435 $93,965,000 $216,011 $5,384 3.15%
BIRMINGHAM-HOOVER, AL 395 $93,795,000 $237,456 $5,238 3.24%
KNOXVILLE, TN 373 $93,125,000 $249,665 $4,669 3.24%
WORCESTER, MA-CT 350 $93,040,000 $265,829 $4,923 3.32%
CAPE CORAL-FORT MYERS, FL 367 $92,105,000 $250,967 $5,208 3.28%
SAN ANTONIO-NEW BRAUNFELS, TX 326 $91,480,000 $280,613 $4,774 3.13%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 291 $88,755,000 $305,000 $5,925 2.82%
RENO, NV 254 $83,960,000 $330,551 $4,706 3.11%
CAMDEN, NJ 328 $79,600,000 $242,683 $5,708 3.13%
CHARLESTON-NORTH CHARLESTON, SC 248 $78,530,000 $316,653 $5,150 2.96%
WILMINGTON, DE-MD-NJ 280 $78,280,000 $279,571 $6,098 3.29%
PITTSBURGH, PA 346 $74,640,000 $215,723 $6,292 3.23%
BARNSTABLE TOWN, MA 227 $71,985,000 $317,115 $4,276 3.32%
ELGIN, IL 277 $71,515,000 $258,177 $4,017 3.24%
HUNTSVILLE, AL 266 $69,830,000 $262,519 $4,726 3.01%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 213 $68,405,000 $321,150 $3,667 3.33%
OMAHA-COUNCIL BLUFFS, NE-IA 290 $62,760,000 $216,414 $3,582 3.28%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 271 $61,295,000 $226,181 $5,201 3.28%
PORT ST. LUCIE, FL 239 $59,875,000 $250,523 $5,713 3.28%
JEFFERSON CITY, MO 261 $54,575,000 $209,100 $4,188 3.14%
BUFFALO-CHEEKTOWAGA, NY 267 $53,885,000 $201,816 $4,887 3.25%
GULFPORT-BILOXI, MS 245 $53,285,000 $217,490 $5,345 3.15%
MANCHESTER-NASHUA, NH 187 $52,145,000 $278,850 $3,675 3.39%
PALM BAY-MELBOURNE-TITUSVILLE, FL 176 $50,940,000 $289,432 $6,179 3.16%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 154 $50,450,000 $327,597 $7,370 3.25%
MADERA, CA 196 $49,840,000 $254,286 $6,020 3.22%
GARY, IN 228 $49,550,000 $217,325 $2,950 3.27%
NORWICH-NEW LONDON, CT 193 $48,945,000 $253,601 $5,813 3.21%
LAKELAND-WINTER HAVEN, FL 234 $48,080,000 $205,470 $5,333 3.45%
REDDING, CA 182 $47,280,000 $259,780 $4,446 3.26%
CLEVELAND-ELYRIA, OH 219 $46,835,000 $213,858 $4,000 3.20%
MOBILE, AL 221 $44,505,000 $201,380 $5,041 3.25%
OKLAHOMA CITY, OK 174 $42,470,000 $244,080 $4,884 3.29%
PUNTA GORDA, FL 173 $41,845,000 $241,879 $5,332 3.34%
GREENVILLE-ANDERSON, SC 170 $41,090,000 $241,706 $4,495 3.09%
ANN ARBOR, MI 154 $40,860,000 $265,325 $3,371 2.99%
MILWAUKEE-WAUKESHA, WI 151 $40,695,000 $269,503 $3,054 3.15%
OCEAN CITY, NJ 142 $39,730,000 $279,789 $5,883 3.19%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 157 $37,995,000 $242,006 $6,175 3.11%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 102 $37,580,000 $368,431 $4,331 2.96%
GRAND RAPIDS-KENTWOOD, MI 148 $37,490,000 $253,311 $4,259 3.11%
ALBUQUERQUE, NM 158 $36,980,000 $234,051 $5,265 3.18%
NAPA, CA 74 $36,400,000 $491,892 $6,053 3.20%
CHICO, CA 117 $36,395,000 $311,068 $3,710 3.34%
SPOKANE-SPOKANE VALLEY, WA 122 $36,220,000 $296,885 $4,924 3.06%
LAREDO, TX 144 $36,040,000 $250,278 $4,519 3.19%
DURHAM-CHAPEL HILL, NC 125 $34,555,000 $276,440 $4,085 3.14%
AUBURN-OPELIKA, AL 125 $34,375,000 $275,000 $4,305 3.22%
SAVANNAH, GA 121 $33,035,000 $273,017 $5,128 3.00%
TUCSON, AZ 131 $33,015,000 $252,023 $4,383 3.06%
MERCED, CA 119 $32,215,000 $270,714 $6,074 3.34%
MADISON, WI 122 $32,090,000 $263,033 $2,257 3.29%
VISALIA, CA 131 $31,355,000 $239,351 $5,390 3.29%
NAPLES-MARCO ISLAND, FL 93 $29,885,000 $321,344 $6,230 3.18%
PORTLAND-SOUTH PORTLAND, ME 102 $28,560,000 $280,000 $5,210 3.20%
ABILENE, TX 141 $28,535,000 $202,376 $3,970 3.45%
OLYMPIA-LACEY-TUMWATER, WA 89 $28,445,000 $319,607 $5,387 3.17%
PRESCOTT VALLEY-PRESCOTT, AZ 105 $28,435,000 $270,810 $4,444 3.21%
BEND, OR 85 $28,135,000 $331,000 $5,431 3.12%
ANCHORAGE, AK 78 $27,830,000 $356,795 $7,581 2.84%
SALISBURY, MD-DE 98 $27,830,000 $283,980 $5,543 3.30%
PEORIA, IL 205 $26,995,000 $131,683 $3,382 3.35%
SALEM, OR 91 $26,615,000 $292,473 $5,793 3.24%
ST. CLOUD, MN 123 $26,125,000 $212,398 $3,882 3.16%
YUBA CITY, CA 89 $25,745,000 $289,270 $5,361 3.18%
WINSTON-SALEM, NC 122 $25,680,000 $210,492 $4,281 3.31%
SIOUX CITY, IA-NE-SD 133 $25,315,000 $190,338 $3,202 3.24%
LANCASTER, PA 110 $25,150,000 $228,636 $5,333 3.17%
WILMINGTON, NC 99 $25,145,000 $253,990 $4,444 3.13%
BOISE CITY, ID 79 $25,105,000 $317,785 $5,120 3.03%
FLINT, MI 130 $25,060,000 $192,769 $4,057 3.20%
ST. GEORGE, UT 76 $25,010,000 $329,079 $5,624 3.19%
DES MOINES-WEST DES MOINES, IA 104 $24,910,000 $239,519 $3,592 2.90%
COLUMBIA, SC 103 $24,695,000 $239,757 $3,957 2.97%
GREENSBORO-HIGH POINT, NC 104 $24,540,000 $235,962 $3,380 3.09%
PUEBLO, CO 112 $24,130,000 $215,446 $4,632 3.14%
LAKE HAVASU CITY-KINGMAN, AZ 91 $23,835,000 $261,923 $4,366 3.31%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 117 $23,285,000 $199,017 $3,890 3.11%
TRENTON-PRINCETON, NJ 78 $23,180,000 $297,179 $6,210 3.18%
KAHULUI-WAILUKU-LAHAINA, HI 45 $22,735,000 $505,222 $5,728 3.16%
AUGUSTA-RICHMOND COUNTY, GA-SC 97 $21,825,000 $225,000 $5,034 3.11%
CHARLOTTESVILLE, VA 69 $21,305,000 $308,768 $6,101 3.05%
MEMPHIS, TN-MS-AR 82 $20,880,000 $254,634 $3,742 3.01%
DAYTON-KETTERING, OH 82 $20,580,000 $250,976 $2,551 2.71%
CHATTANOOGA, TN-GA 98 $20,560,000 $209,796 $4,497 3.28%
READING, PA 92 $20,440,000 $222,174 $5,067 3.09%
WICHITA, KS 97 $20,175,000 $207,990 $6,944 3.17%
PANAMA CITY, FL 74 $19,820,000 $267,838 $4,687 3.24%
GAINESVILLE, GA 73 $19,315,000 $264,589 $4,838 3.09%
KENNEWICK-RICHLAND, WA 68 $19,290,000 $283,676 $4,897 3.11%
GRAND JUNCTION, CO 70 $19,190,000 $274,143 $4,085 3.15%
LAKE CHARLES, LA 84 $19,150,000 $227,976 $6,252 3.67%
YORK-HANOVER, PA 84 $19,040,000 $226,667 $5,604 3.09%
CALIFORNIA-LEXINGTON PARK, MD 50 $18,710,000 $374,200 $3,268 2.76%
MORGANTOWN, WV 79 $18,675,000 $236,392 $5,194 3.32%
LEXINGTON-FAYETTE, KY 76 $18,060,000 $237,632 $4,457 3.30%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 69 $17,895,000 $259,348 $4,056 3.10%
DOVER, DE 72 $17,700,000 $245,833 $6,368 3.33%
EL CENTRO, CA 67 $17,525,000 $261,567 $6,670 3.29%
CORPUS CHRISTI, TX 64 $16,910,000 $264,219 $5,262 2.89%
BELLINGHAM, WA 46 $16,280,000 $353,913 $4,766 2.99%
HANFORD-CORCORAN, CA 71 $16,135,000 $227,254 $5,240 3.18%
COEUR D'ALENE, ID 52 $15,980,000 $307,308 $5,816 3.36%
SPRINGFIELD, MA 69 $15,665,000 $227,029 $3,878 3.17%
ROCHESTER, NY 83 $14,735,000 $177,530 $5,477 3.26%
ASHEVILLE, NC 56 $14,710,000 $262,679 $5,374 3.30%
STATE COLLEGE, PA 57 $14,165,000 $248,509 $6,069 3.15%
JACKSONVILLE, NC 71 $14,135,000 $199,085 $5,357 3.28%
OCALA, FL 65 $13,985,000 $215,154 $5,063 3.36%
TALLAHASSEE, FL 58 $13,920,000 $240,000 $4,290 3.21%
DECATUR, AL 66 $13,420,000 $203,333 $5,393 3.18%
ELIZABETHTOWN-FORT KNOX, KY 58 $13,090,000 $225,690 $4,099 3.20%
LYNCHBURG, VA 53 $13,005,000 $245,377 $3,699 3.31%
KALAMAZOO-PORTAGE, MI 65 $12,995,000 $199,923 $3,148 3.08%
TOLEDO, OH 69 $12,865,000 $186,449 $4,862 3.52%
CLEVELAND, TN 70 $12,860,000 $183,714 $5,265 3.45%
GLENS FALLS, NY 73 $12,745,000 $174,589 $6,313 3.32%
MOUNT VERNON-ANACORTES, WA 33 $12,655,000 $383,485 $4,711 2.90%
HAGERSTOWN-MARTINSBURG, MD-WV 53 $12,095,000 $228,208 $5,437 3.31%
GAINESVILLE, FL 50 $11,880,000 $237,600 $4,826 3.25%
SEBASTIAN-VERO BEACH, FL 41 $11,555,000 $281,829 $5,334 3.00%
ATLANTIC CITY-HAMMONTON, NJ 46 $11,490,000 $249,783 $5,042 3.03%
JACKSON, MI 67 $11,475,000 $171,269 $3,888 3.37%
SPARTANBURG, SC 52 $11,430,000 $219,808 $5,235 3.13%
ERIE, PA 67 $11,315,000 $168,881 $7,020 3.44%
TULSA, OK 55 $11,155,000 $202,818 $4,748 3.18%
HILTON HEAD ISLAND-BLUFFTON, SC 39 $11,105,000 $284,744 $4,314 3.07%
MONTGOMERY, AL 45 $11,055,000 $245,667 $4,592 2.88%
WENATCHEE, WA 31 $10,885,000 $351,129 $4,687 3.06%
FAYETTEVILLE, NC 69 $10,635,000 $154,130 $3,003 3.73%
LINCOLN, NE 50 $10,250,000 $205,000 $3,016 3.04%
AKRON, OH 50 $10,230,000 $204,600 $3,774 3.31%
BILLINGS, MT 37 $10,135,000 $273,919 $3,688 3.11%
LANSING-EAST LANSING, MI 50 $10,040,000 $200,800 $4,858 3.14%
LOGAN, UT-ID 38 $9,960,000 $262,105 $5,275 3.23%
HOMOSASSA SPRINGS, FL 47 $9,935,000 $211,383 $5,248 3.16%
TUSCALOOSA, AL 46 $9,850,000 $214,130 $5,493 3.20%
CEDAR RAPIDS, IA 53 $9,815,000 $185,189 $2,764 3.19%
SPRINGFIELD, MO 49 $9,635,000 $196,633 $2,785 3.07%
SHREVEPORT-BOSSIER CITY, LA 38 $9,560,000 $251,579 $4,829 2.93%
COLLEGE STATION-BRYAN, TX 40 $9,480,000 $237,000 $4,172 3.27%
TYLER, TX 46 $9,050,000 $196,739 $5,208 3.36%
SCRANTON--WILKES-BARRE, PA 47 $8,945,000 $190,319 $4,774 3.34%
EUGENE-SPRINGFIELD, OR 34 $8,790,000 $258,529 $6,121 3.08%
EVANSVILLE, IN-KY 50 $8,600,000 $172,000 $3,912 3.31%
FLAGSTAFF, AZ 29 $8,585,000 $296,034 $4,120 3.14%
FARGO, ND-MN 37 $8,585,000 $232,027 $4,546 3.03%
CANTON-MASSILLON, OH 46 $8,540,000 $185,652 $3,774 3.31%
WINCHESTER, VA-WV 29 $8,535,000 $294,310 $4,320 3.23%
ALBANY-LEBANON, OR 33 $8,525,000 $258,333 $5,392 3.36%
EL PASO, TX 41 $8,045,000 $196,220 $5,395 3.12%
SIOUX FALLS, SD 35 $8,005,000 $228,714 $3,855 3.02%
FORT WAYNE, IN 36 $7,930,000 $220,278 $3,060 3.09%
SHERMAN-DENISON, TX 29 $7,835,000 $270,172 $5,732 3.28%
BEAUMONT-PORT ARTHUR, TX 39 $7,755,000 $198,846 $5,399 3.16%
BRUNSWICK, GA 24 $7,750,000 $322,917 $7,810 3.01%
JACKSON, MS 31 $7,685,000 $247,903 $4,729 3.11%
CHEYENNE, WY 27 $7,435,000 $275,370 $4,247 3.10%
BOWLING GREEN, KY 32 $7,370,000 $230,313 $3,035 3.10%
LONGVIEW, WA 23 $7,135,000 $310,217 $4,317 3.30%
THE VILLAGES, FL 30 $7,030,000 $234,333 $5,219 3.29%
MACON-BIBB COUNTY, GA 34 $6,990,000 $205,588 $4,083 3.14%
WARNER ROBINS, GA 28 $6,860,000 $245,000 $4,512 2.90%
COLUMBIA, MO 27 $6,825,000 $252,778 $4,605 3.13%
ROANOKE, VA 31 $6,555,000 $211,452 $4,131 3.19%
KILLEEN-TEMPLE, TX 31 $6,525,000 $210,484 $4,231 3.01%
WACO, TX 23 $6,515,000 $283,261 $5,306 3.04%
DULUTH, MN-WI 40 $6,350,000 $158,750 $3,892 3.44%
VALDOSTA, GA 33 $6,325,000 $191,667 $4,489 3.47%
HAMMOND, LA 26 $6,240,000 $240,000 $6,795 2.96%
CLARKSVILLE, TN-KY 27 $6,025,000 $223,148 $4,459 3.02%
ATHENS-CLARKE COUNTY, GA 22 $6,010,000 $273,182 $4,085 3.21%
BROWNSVILLE-HARLINGEN, TX 35 $5,995,000 $171,286 $4,877 3.40%
COLUMBUS, GA-AL 28 $5,990,000 $213,929 $4,612 3.13%
CARSON CITY, NV 18 $5,810,000 $322,778 $4,463 3.03%
CHAMBERSBURG-WAYNESBORO, PA 27 $5,695,000 $210,926 $4,317 2.99%
MORRISTOWN, TN 22 $5,560,000 $252,727 $5,293 3.36%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 23 $5,525,000 $240,217 $3,771 2.71%
RACINE, WI 20 $5,460,000 $273,000 $3,857 3.34%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 30 $5,350,000 $178,333 $5,218 3.13%
CORVALLIS, OR 16 $5,270,000 $329,375 $6,070 3.35%
APPLETON, WI 24 $5,260,000 $219,167 $4,338 3.16%
MEDFORD, OR 19 $5,185,000 $272,895 $5,873 2.99%
UTICA-ROME, NY 36 $5,180,000 $143,889 $4,881 3.69%
MCALLEN-EDINBURG-MISSION, TX 20 $5,080,000 $254,000 $3,672 2.84%
MONROE, MI 24 $5,030,000 $209,583 $4,565 3.47%
TOPEKA, KS 32 $5,000,000 $156,250 $3,739 3.50%
ANNISTON-OXFORD, AL 31 $4,925,000 $158,871 $3,824 3.23%
BURLINGTON-SOUTH BURLINGTON, VT 13 $4,895,000 $376,538 $3,730 2.83%
EAST STROUDSBURG, PA 26 $4,820,000 $185,385 $6,183 3.35%
KANKAKEE, IL 31 $4,655,000 $150,161 $3,202 3.85%
LAWRENCE, KS 16 $4,340,000 $271,250 $3,662 3.37%
LAFAYETTE-WEST LAFAYETTE, IN 21 $4,325,000 $205,952 $2,841 3.33%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 21 $4,195,000 $199,762 $3,284 3.02%
HUNTINGTON-ASHLAND, WV-KY-OH 24 $4,190,000 $174,583 $4,135 3.48%
HICKORY-LENOIR-MORGANTON, NC 16 $4,110,000 $256,875 $4,097 2.90%
GETTYSBURG, PA 19 $4,065,000 $213,947 $5,397 3.12%
YAKIMA, WA 15 $3,995,000 $266,333 $4,426 3.25%
MANHATTAN, KS 18 $3,740,000 $207,778 $3,147 3.33%
ROCKFORD, IL 23 $3,685,000 $160,217 $2,858 3.15%
RAPID CITY, SD 13 $3,505,000 $269,615 $4,692 2.71%
YUMA, AZ 17 $3,425,000 $201,471 $5,294 3.04%
LUBBOCK, TX 16 $3,330,000 $208,125 $5,395 3.48%
FLORENCE-MUSCLE SHOALS, AL 14 $3,310,000 $236,429 $5,704 3.17%
LEWISTON-AUBURN, ME 17 $3,305,000 $194,412 $5,573 3.20%
HATTIESBURG, MS 18 $3,300,000 $183,333 $6,051 3.12%
JANESVILLE-BELOIT, WI 18 $3,280,000 $182,222 $3,265 3.35%
MIDLAND, TX 11 $3,105,000 $282,273 $5,025 3.11%
VINELAND-BRIDGETON, NJ 14 $3,040,000 $217,143 $3,750 3.07%
ROME, GA 12 $2,970,000 $247,500 $5,642 2.97%
SANTA FE, NM 11 $2,935,000 $266,818 $6,179 3.09%
COLUMBUS, IN 15 $2,915,000 $194,333 $2,885 3.19%
SYRACUSE, NY 18 $2,900,000 $161,111 $6,025 3.45%
SOUTH BEND-MISHAWAKA, IN-MI 14 $2,860,000 $204,286 $2,904 3.04%
BLOOMINGTON, IN 12 $2,860,000 $238,333 $3,830 3.21%
MUSKEGON, MI 17 $2,845,000 $167,353 $4,440 3.28%
LEBANON, PA 12 $2,800,000 $233,333 $4,673 3.04%
KINGSPORT-BRISTOL, TN-VA 11 $2,795,000 $254,091 $4,183 2.98%
CASPER, WY 11 $2,755,000 $250,455 $4,147 2.74%
GREEN BAY, WI 12 $2,730,000 $227,500 $3,730 3.00%
PITTSFIELD, MA 6 $2,730,000 $455,000 $3,599 2.79%
BURLINGTON, NC 13 $2,705,000 $208,077 $4,188 3.38%
IDAHO FALLS, ID 10 $2,680,000 $268,000 $4,341 3.54%
SEBRING-AVON PARK, FL 16 $2,650,000 $165,625 $6,438 3.55%
HINESVILLE, GA 13 $2,585,000 $198,846 $7,210 2.88%
MICHIGAN CITY-LA PORTE, IN 13 $2,565,000 $197,308 $3,322 3.02%
AMARILLO, TX 12 $2,560,000 $213,333 $2,991 3.05%
GOLDSBORO, NC 11 $2,545,000 $231,364 $3,786 2.95%
SHEBOYGAN, WI 13 $2,465,000 $189,615 $3,467 3.19%
ELKHART-GOSHEN, IN 14 $2,440,000 $174,286 $2,785 3.17%
MANSFIELD, OH 14 $2,430,000 $173,571 $2,535 3.20%
NEW BERN, NC 10 $2,430,000 $243,000 $4,077 3.14%
BISMARCK, ND 10 $2,420,000 $242,000 $4,468 3.34%
CHAMPAIGN-URBANA, IL 15 $2,405,000 $160,333 $3,210 3.25%
PARKERSBURG-VIENNA, WV 12 $2,380,000 $198,333 $5,616 3.56%
LONGVIEW, TX 14 $2,340,000 $167,143 $3,843 3.26%
HARRISONBURG, VA 9 $2,335,000 $259,444 $5,114 3.39%
ROCHESTER, MN 11 $2,325,000 $211,364 $3,115 3.20%
MONROE, LA 11 $2,265,000 $205,909 $4,884 3.03%
TEXARKANA, TX-AR 13 $2,255,000 $173,462 $4,194 3.54%
LAWTON, OK 9 $2,235,000 $248,333 $4,406 3.25%
ST. JOSEPH, MO-KS 9 $2,185,000 $242,778 $3,648 2.87%
SUMTER, SC 8 $2,180,000 $272,500 $3,789 2.89%
GADSDEN, AL 12 $2,170,000 $180,833 $4,751 3.36%
OSHKOSH-NEENAH, WI 9 $2,135,000 $237,222 $5,935 3.03%
POCATELLO, ID 6 $1,980,000 $330,000 $4,729 3.12%
SIERRA VISTA-DOUGLAS, AZ 7 $1,945,000 $277,857 $2,044 2.55%
GREENVILLE, NC 9 $1,905,000 $211,667 $2,423 3.07%
FAIRBANKS, AK 5 $1,855,000 $371,000 $11,382 2.80%
HOUMA-THIBODAUX, LA 10 $1,850,000 $185,000 $4,079 3.32%
WAUSAU-WESTON, WI 10 $1,810,000 $181,000 $2,752 3.03%
BLOOMINGTON, IL 9 $1,745,000 $193,889 $3,087 3.17%
WATERLOO-CEDAR FALLS, IA 8 $1,680,000 $210,000 $4,558 3.09%
BLACKSBURG-CHRISTIANSBURG, VA 6 $1,680,000 $280,000 $3,811 2.58%
ODESSA, TX 8 $1,680,000 $210,000 $3,730 3.36%
MANKATO, MN 7 $1,675,000 $239,286 $3,723 3.07%
AMES, IA 9 $1,645,000 $182,778 $3,071 3.00%
BATTLE CREEK, MI 11 $1,595,000 $145,000 $3,089 3.54%
STAUNTON, VA 5 $1,585,000 $317,000 $2,274 3.02%
WICHITA FALLS, TX 5 $1,585,000 $317,000 $5,058 2.53%
FARMINGTON, NM 5 $1,565,000 $313,000 $6,536 3.50%
KINGSTON, NY 6 $1,560,000 $260,000 $4,684 3.31%
BANGOR, ME 7 $1,555,000 $222,143 $4,551 3.34%
GRAND FORKS, ND-MN 6 $1,550,000 $258,333 $3,184 2.56%
NILES, MI 7 $1,535,000 $219,286 $3,826 3.28%
SAGINAW, MI 10 $1,460,000 $146,000 $2,568 3.16%
ALTOONA, PA 10 $1,430,000 $143,000 $6,646 3.38%
WHEELING, WV-OH 9 $1,425,000 $158,333 $5,663 3.46%
LAS CRUCES, NM 7 $1,415,000 $202,143 $4,355 3.36%
DOTHAN, AL 9 $1,345,000 $149,444 $4,768 3.69%
WILLIAMSPORT, PA 6 $1,300,000 $216,667 $7,041 3.71%
GRANTS PASS, OR 5 $1,295,000 $259,000 $3,019 3.03%
FORT SMITH, AR-OK 7 $1,285,000 $183,571 $4,303 2.89%
JOHNSON CITY, TN 7 $1,275,000 $182,143 $3,830 2.86%
TWIN FALLS, ID 4 $1,170,000 $292,500 $5,281 3.47%
WEIRTON-STEUBENVILLE, WV-OH 7 $1,165,000 $166,429 $3,635 3.70%
CHARLESTON, WV 7 $1,165,000 $166,429 $3,517 3.14%
ALEXANDRIA, LA 5 $1,145,000 $229,000 $6,257 3.25%
DALTON, GA 5 $1,135,000 $227,000 $4,896 3.15%
FLORENCE, SC 6 $1,090,000 $181,667 $2,032 3.00%
SAN ANGELO, TX 5 $1,085,000 $217,000 $4,516 3.00%
BAY CITY, MI 7 $1,035,000 $147,857 $3,152 3.61%
CARBONDALE-MARION, IL 6 $1,030,000 $171,667 $3,222 3.10%
CUMBERLAND, MD-WV 6 $970,000 $161,667 $6,289 3.77%
IOWA CITY, IA 3 $945,000 $315,000 $4,129 2.88%
LA CROSSE-ONALASKA, WI-MN 6 $940,000 $156,667 $3,722 3.12%
BINGHAMTON, NY 4 $920,000 $230,000 $5,743 3.03%
VICTORIA, TX 6 $910,000 $151,667 $5,141 3.33%
MISSOULA, MT 3 $825,000 $275,000 $4,040 2.63%
JOPLIN, MO 4 $760,000 $190,000 $3,544 3.16%
TERRE HAUTE, IN 7 $755,000 $107,857 $3,162 3.48%
MUNCIE, IN 4 $710,000 $177,500 $3,801 2.91%
OWENSBORO, KY 5 $695,000 $139,000 $4,244 3.20%
ENID, OK 3 $685,000 $228,333 $3,887 2.92%
FOND DU LAC, WI 4 $630,000 $157,500 $3,348 3.06%
JOHNSTOWN, PA 4 $610,000 $152,500 $4,543 3.15%
ROCKY MOUNT, NC 4 $590,000 $147,500 $4,997 3.31%
KOKOMO, IN 3 $555,000 $185,000 $4,977 3.38%
SPRINGFIELD, IL 4 $540,000 $135,000 $3,493 3.56%
WALLA WALLA, WA 3 $505,000 $168,333 $2,564 3.13%
SPRINGFIELD, OH 3 $485,000 $161,667 $2,350 2.50%
GRAND ISLAND, NE 3 $485,000 $161,667 $4,315 3.24%
BECKLEY, WV 4 $470,000 $117,500 $4,398 3.91%
ALBANY, GA 3 $465,000 $155,000 $3,885 3.25%
HOT SPRINGS, AR 2 $450,000 $225,000 $1,599 3.31%
BLOOMSBURG-BERWICK, PA 3 $445,000 $148,333 $7,839 3.50%
EAU CLAIRE, WI 2 $430,000 $215,000 $8,579 3.12%
JACKSON, TN 2 $410,000 $205,000 $11,073 4.38%
WATERTOWN-FORT DRUM, NY 2 $370,000 $185,000 $4,137 3.19%
DECATUR, IL 3 $235,000 $78,333 $3,104 4.00%
ELMIRA, NY 1 $225,000 $225,000 $5,793 2.88%
GREAT FALLS, MT 1 $215,000 $215,000 $924 2.25%
MIDLAND, MI 1 $215,000 $215,000 $2,375 2.88%
JONESBORO, AR 1 $205,000 $205,000 $3,018 3.25%
CAPE GIRARDEAU, MO-IL 1 $195,000 $195,000 $1,850 2.75%
PINE BLUFF, AR 1 $145,000 $145,000 $2,404 3.25%
DANVILLE, IL 1 $95,000 $95,000 $2,764 3.75%

Home Point Financial Corporation's top markets include Los Angeles, San Diego, Anaheim, Denver, and Riverside among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 59,341 $18,551,145,000 $312,619
2.5-3% 46,778 $16,697,320,000 $356,948
<2.5% 13,265 $4,610,965,000 $347,604
4-5% 4,011 $951,375,000 $237,191
5-6% 1,160 $258,060,000 $222,466
6-7% 40 $8,390,000 $209,750
7-8% 2 $630,000 $315,000
Over 8% 1 $235,000 $235,000

During 2020, Home Point Financial Corporation's average interest rate was 3.18%, while their most frequently originated rate bucket was 3-4%, with 59,341 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 59,783 $17,649,555,000 $295,227 $5,035 3.14%
$400k-600k 29,801 $14,209,655,000 $476,818 $5,909 3.04%
$100k-200k 25,230 $3,940,510,000 $156,184 $3,968 3.31%
$600k-1MM 7,090 $4,914,680,000 $693,185 $7,975 3.09%
$100,000 or less 2,559 $198,965,000 $77,751 $3,153 3.63%
$1MM+ 135 $164,755,000 $1,220,407 $13,935 3.08%

2020 saw Home Point Financial Corporation place emphasis on $200k-400k loans with 59,783 originations, totaling $17,649,555,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 29,743 $10,764,195,000 $361,907 $5,411 3.15%
$150k-250k 22,322 $9,407,490,000 $421,445 $5,497 3.11%
$50k-75k 21,485 $5,204,955,000 $242,260 $5,097 3.27%
$75k-100k 20,207 $6,100,865,000 $301,918 $5,317 3.21%
$50k or less 11,648 $2,144,330,000 $184,094 $4,701 3.38%
$250k+ 7,699 $3,553,715,000 $461,581 $5,733 3.09%

Home Point Financial Corporation lent most frequently to those with incomes in the $100k-150k range, with 29,743 originations. The second most popular income band? $150k-250k, with 22,322 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 26,164 $8,545,320,000 $326,606 $4,675 3.12%
30-36% 21,837 $7,177,465,000 $328,684 $5,069 3.19%
<20% 9,257 $2,862,475,000 $309,223 $4,274 3.03%
44% 5,010 $1,636,610,000 $326,669 $5,721 3.31%
43% 4,618 $1,535,640,000 $332,534 $5,664 3.27%
42% 4,369 $1,454,465,000 $332,906 $5,530 3.26%
41% 4,285 $1,417,875,000 $330,893 $5,440 3.26%
39% 4,263 $1,411,035,000 $330,996 $5,472 3.26%
40% 4,144 $1,368,000,000 $330,116 $5,484 3.25%
38% 3,996 $1,321,460,000 $330,696 $5,340 3.22%
37% 3,966 $1,303,150,000 $328,580 $5,305 3.22%
36% 3,799 $1,240,565,000 $326,550 $5,162 3.22%
49% 3,386 $1,160,240,000 $342,658 $6,388 3.24%
45% 3,382 $1,144,350,000 $338,365 $5,737 3.24%
48% 3,057 $1,034,115,000 $338,278 $6,074 3.23%
47% 3,014 $1,032,390,000 $342,532 $6,063 3.22%
46% 2,942 $1,000,300,000 $340,007 $6,145 3.23%
50-60% 2,329 $721,005,000 $309,577 $8,964 3.33%
>60% 131 $49,665,000 $379,122 $8,794 3.18%

Home Point Financial Corporation lent most frequently to those with DTI ratios of 20-30%, with 26,164 originations. The next most common DTI ratio? 30-36%, with 21,837 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 91,214 $29,109,240,000 $319,131 $5,191 3.17%
Not provided 15,505 $5,536,565,000 $357,083 $5,253 3.08%
Asian 11,568 $4,468,740,000 $386,302 $4,575 3.09%
Black 5,298 $1,614,720,000 $304,779 $6,090 3.24%
Native Hawaiian 384 $141,360,000 $368,125 $5,872 3.20%
American Indian 410 $127,340,000 $310,585 $5,406 3.15%
Asian Indian 121 $43,365,000 $358,388 $3,699 3.01%
Other Asian 28 $10,220,000 $365,000 $4,496 3.08%
Filipino 21 $7,985,000 $380,238 $6,585 3.17%
Chinese 13 $5,315,000 $408,846 $3,272 3.06%
Vietnamese 11 $4,305,000 $391,364 $4,609 2.93%
Other Pacific Islander 6 $2,720,000 $453,333 $4,130 3.06%
Korean 6 $2,400,000 $400,000 $2,152 3.08%
Japanese 6 $1,920,000 $320,000 $4,049 3.23%
4 $1,290,000 $322,500 $6,261 3.44%
Samoan 1 $305,000 $305,000 $6,581 3.25%
Guamanian 1 $235,000 $235,000 $3,405 3.63%
Native Hawiian 1 $95,000 $95,000 $3,576 3.38%

Approval Rates

Total approvals of all applications
93.59%

Home Point Financial Corporation has an average approval rate.

Pick Rate

Approvals leading to origination
82.37%

Home Point Financial Corporation has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 124,598 $41,078,120,000 $329,685

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 781 $153,035,000 $195,948
Single Family (1-4 Units):Site-Built 123,817 $40,925,085,000 $330,529

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 5,107 $1,489,705,000 $291,699 $3,846 3.02%
40-60% 20,117 $6,868,635,000 $341,434 $4,117 3.02%
60-80% 47,264 $16,044,430,000 $339,464 $4,857 3.19%
80-100% 49,794 $15,909,710,000 $319,511 $5,799 3.21%
Over 100% 1,490 $548,290,000 $367,980 $12,519 3.02%
Under 20% 536 $113,180,000 $211,157 $2,902 2.69%