Open Mortgage Rates, Fees & Info

AUSTIN, TX

LEI: 549300CR5XDK0TP7I727

Tax ID: 83-0345906

5 stars - Updated: 6/23/24 - out of 5 stars, based on 54 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Open Mortgage is a smaller mortgage company specializing in Home Purchase loans. Open Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have an average proportion of FHA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Dallas, Jackson, Tulsa, Wichita, and Kansas City among others. We have data for 277 markets. (Some data included below & more in-depth data is available with an active subscription.)

Open 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. Open 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 relatively high 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 6.95% 6/23/24
30 Year Conventional Refi 6.69% 6/23/24
30 Year Cash-out Refi 6.92% 6/23/24
30 Year FHA Purchase 7.61% 6/23/24
30 Year FHA Refi 7.34% 6/23/24
30 Year VA Purchase 6.48% 6/23/24
30 Year VA Refi 5.55% 6/23/24
30 Year USDA Purchase 7.04% 6/23/24
15 Year Conventional Purchase 6.25% 6/23/24
15 Year Conventional Refi 6.09% 6/23/24
15 Year Cash-out Refi 6.09% 6/23/24
15 Year FHA Purchase 7.28% 6/23/24
15 Year FHA Refi 7.74% 6/23/24
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.

Open Mortgage Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Open 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

2,940

Origination Dollar Volume (All Markets)

$644,910,000
Show all (10) awards

Relative Rate

Open Mortgage's average 30 year fixed mortgage rate was 6.61%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.13%.

Relative Fees (Closing Costs)

Open Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $8,120.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 186 $56,910,000 $305,968 $11,075 6.84%
JACKSON, MS (FHA|USDA|VA) 303 $56,615,000 $186,848 $7,144 6.39%
TULSA, OK (FHA|USDA|VA) 174 $35,350,000 $203,161 $8,253 6.48%
WICHITA, KS (FHA|USDA|VA) 185 $34,855,000 $188,405 $5,422 6.92%
KANSAS CITY, MO-KS (FHA|USDA|VA) 129 $34,225,000 $265,310 $7,707 6.81%
Outside of Metro Areas 209 $30,855,000 $147,632 $6,506 6.90%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 119 $30,415,000 $255,588 $8,619 6.04%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 69 $26,885,000 $389,638 $16,114 7.35%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 105 $19,785,000 $188,429 $7,670 6.57%
OKLAHOMA CITY, OK (FHA|USDA|VA) 64 $14,580,000 $227,813 $8,154 6.72%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 21 $11,515,000 $548,333 $0 7.68%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 46 $11,170,000 $242,826 $9,122 6.70%
CEDAR RAPIDS, IA (FHA|USDA|VA) 61 $10,675,000 $175,000 $7,608 7.10%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 22 $9,630,000 $437,727 $0 7.40%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 36 $9,320,000 $258,889 $15,586 7.43%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 42 $8,990,000 $214,048 $12,023 7.07%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 31 $8,775,000 $283,065 $10,718 6.70%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 26 $7,370,000 $283,462 $9,833 7.37%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 22 $6,700,000 $304,545 $13,220 6.61%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 19 $6,655,000 $350,263 $0 7.37%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 38 $6,310,000 $166,053 $7,396 7.09%
JACKSONVILLE, FL (FHA|USDA|VA) 25 $6,255,000 $250,200 $6,724 6.63%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 29 $6,005,000 $207,069 $20,454 7.20%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 27 $5,755,000 $213,148 $5,453 7.49%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 18 $5,750,000 $319,444 $7,034 6.51%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 31 $5,655,000 $182,419 $7,798 6.11%
PANAMA CITY, FL (FHA|USDA|VA) 20 $5,510,000 $275,500 $8,496 6.42%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 20 $5,190,000 $259,500 $0 7.27%
Bartlesville, OK (FHA|USDA|VA) 34 $4,950,000 $145,588 $7,789 6.48%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 19 $4,855,000 $255,526 $0 7.13%
Tahlequah, OK (FHA|USDA|VA) 24 $4,640,000 $193,333 $7,820 6.26%
Brownwood, TX (FHA|USDA|VA) 30 $4,380,000 $146,000 $6,640 5.57%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 21 $4,265,000 $203,095 $7,472 5.79%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 11 $3,665,000 $333,182 $9,907 7.08%
Hutchinson, KS (FHA|USDA|VA) 27 $3,595,000 $133,148 $4,680 6.95%
McAlester, OK (FHA|USDA|VA) 19 $3,585,000 $188,684 $5,871 6.34%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 15 $3,575,000 $238,333 $7,428 6.54%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 13 $2,895,000 $222,692 $8,790 7.02%
COLUMBUS, GA-AL (FHA|USDA|VA) 15 $2,835,000 $189,000 $7,460 6.70%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 9 $2,805,000 $311,667 $14,831 7.49%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 11 $2,775,000 $252,273 $10,010 7.42%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 9 $2,665,000 $296,111 $16,028 6.82%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 21 $2,375,000 $113,095 $4,499 7.12%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 11 $2,165,000 $196,818 $7,253 7.10%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 11 $2,125,000 $193,182 $15,094 6.82%
Ponca City, OK (FHA|USDA|VA) 20 $2,030,000 $101,500 $5,781 6.40%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 11 $2,025,000 $184,091 $5,471 7.23%
Granbury, TX (FHA|USDA|VA) 4 $1,910,000 $477,500 $12,171 7.47%
MUNCIE, IN (FHA|USDA|VA) 12 $1,880,000 $156,667 $6,998 7.31%
SALT LAKE CITY, UT (FHA|USDA|VA) 9 $1,805,000 $200,556 $0 7.49%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 6 $1,790,000 $298,333 $0 7.26%
VALLEJO, CA (FHA|USDA|VA) 5 $1,775,000 $355,000 $14,135 6.66%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 6 $1,710,000 $285,000 $15,039 7.52%
Muskogee, OK (FHA|USDA|VA) 9 $1,625,000 $180,556 $6,163 6.15%
ABILENE, TX (FHA|USDA|VA) 6 $1,600,000 $266,667 $9,529 6.92%
RAPID CITY, SD (FHA|USDA|VA) 4 $1,530,000 $382,500 $12,929 6.91%
Winfield, KS (FHA|USDA|VA) 13 $1,485,000 $114,231 $4,915 7.17%
BOISE CITY, ID (FHA|USDA|VA) 7 $1,465,000 $209,286 $0 7.31%
New Castle, IN (FHA|USDA|VA) 10 $1,450,000 $145,000 $7,599 7.79%
FRESNO, CA (FHA|USDA|VA) 6 $1,420,000 $236,667 $19,380 7.07%
COLORADO SPRINGS, CO (FHA|USDA|VA) 7 $1,385,000 $197,857 $0 7.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 9 $1,375,000 $152,778 $0 7.20%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $1,360,000 $340,000 $7,192 6.87%
FORT SMITH, AR-OK (FHA|USDA|VA) 8 $1,360,000 $170,000 $8,725 6.47%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $1,330,000 $332,500 $15,419 7.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 6 $1,300,000 $216,667 $10,815 7.17%
Vicksburg, MS (FHA|USDA|VA) 10 $1,290,000 $129,000 $5,546 6.01%
URBAN HONOLULU, HI (FHA|USDA|VA) 4 $1,240,000 $310,000 $0 7.61%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,230,000 $307,500 $11,768 6.99%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $1,200,000 $200,000 $11,994 7.35%
STOCKTON, CA (FHA|USDA|VA) 5 $1,195,000 $239,000 $0 7.40%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 4 $1,190,000 $297,500 $8,181 6.65%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,155,000 $385,000 $0 7.55%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $1,145,000 $381,667 $0 7.46%
GREELEY, CO (FHA|USDA|VA) 6 $1,100,000 $183,333 $4,905 7.16%
MOBILE, AL (FHA|USDA|VA) 5 $1,095,000 $219,000 $7,429 6.33%
IOWA CITY, IA (FHA|USDA|VA) 5 $1,065,000 $213,000 $8,253 6.67%
ENID, OK (FHA|USDA|VA) 7 $1,025,000 $146,429 $6,448 6.70%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,015,000 $203,000 $11,029 7.12%
PORT ST. LUCIE, FL (FHA|USDA|VA) 5 $995,000 $199,000 $12,385 7.17%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $960,000 $480,000 $0 7.89%
PUEBLO, CO (FHA|USDA|VA) 5 $935,000 $187,000 $9,222 7.20%
BILLINGS, MT (FHA|USDA|VA) 5 $875,000 $175,000 $0 7.18%
WACO, TX (FHA|USDA|VA) 4 $860,000 $215,000 $13,552 4.84%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 4 $850,000 $212,500 $6,248 6.57%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 3 $835,000 $278,333 $4,607 6.58%
CASPER, WY (FHA|USDA|VA) 2 $800,000 $400,000 $12,227 6.75%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $795,000 $265,000 $11,192 7.17%
Pittsburg, KS (FHA|USDA|VA) 5 $765,000 $153,000 $6,395 6.78%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $760,000 $190,000 $7,617 7.94%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 4 $740,000 $185,000 $0 6.95%
FARGO, ND-MN (FHA|USDA|VA) 5 $725,000 $145,000 $0 7.85%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 5 $705,000 $141,000 $7,869 7.16%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $680,000 $170,000 $0 7.33%
COLUMBUS, OH (FHA|USDA|VA) 4 $680,000 $170,000 $0 7.57%
Mount Pleasant, TX (FHA|USDA|VA) 3 $665,000 $221,667 $7,171 6.67%
TERRE HAUTE, IN (FHA|USDA|VA) 4 $660,000 $165,000 $7,837 6.97%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $625,000 $208,333 $0 7.63%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 3 $615,000 $205,000 $7,897 6.83%
THE VILLAGES, FL (FHA|USDA|VA) 3 $615,000 $205,000 $6,167 6.84%
TUCSON, AZ (FHA|USDA|VA) 4 $600,000 $150,000 $0 7.49%
RENO, NV (FHA|USDA|VA) 3 $595,000 $198,333 $0 6.83%
TOPEKA, KS (FHA|USDA|VA) 2 $590,000 $295,000 $6,855 7.06%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $575,000 $191,667 $9,749 6.62%
Dickinson, ND (FHA|USDA|VA) 2 $570,000 $285,000 $13,943 6.19%
LONGVIEW, TX (FHA|USDA|VA) 3 $565,000 $188,333 $9,853 7.48%
TYLER, TX (FHA|USDA|VA) 3 $555,000 $185,000 $10,368 6.53%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $555,000 $555,000 $12,054 7.13%
FORT COLLINS, CO (FHA|USDA|VA) 2 $550,000 $275,000 $0 6.72%
OCEAN CITY, NJ (FHA|USDA|VA) 2 $510,000 $255,000 $0 6.79%
Jefferson, GA (FHA|USDA|VA) 2 $500,000 $250,000 $6,487 7.50%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $495,000 $495,000 $21,776 6.50%
MANHATTAN, KS (FHA|USDA|VA) 3 $495,000 $165,000 $4,774 6.37%
GRAND JUNCTION, CO (FHA|USDA|VA) 2 $480,000 $240,000 $0 7.48%
Sulphur Springs, TX (FHA|USDA|VA) 3 $465,000 $155,000 $9,152 6.78%
Stillwater, OK (FHA|USDA|VA) 3 $455,000 $151,667 $9,948 6.38%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $455,000 $455,000 $0 7.32%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $450,000 $225,000 $0 6.94%
Rockport, TX (FHA|USDA|VA) 1 $445,000 $445,000 $17,464 7.63%
OCALA, FL (FHA|USDA|VA) 3 $445,000 $148,333 $7,649 7.04%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $435,000 $435,000 $0 7.54%
Ukiah, CA (FHA|USDA|VA) 1 $435,000 $435,000 $0 7.54%
BELLINGHAM, WA (FHA|USDA|VA) 3 $435,000 $145,000 $0 7.44%
Port Angeles, WA (FHA|USDA|VA) 2 $430,000 $215,000 $0 7.98%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $420,000 $210,000 $0 7.83%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $415,000 $415,000 $22,226 5.75%
Bonham, TX (FHA|USDA|VA) 2 $410,000 $205,000 $6,526 7.50%
MODESTO, CA (FHA|USDA|VA) 2 $410,000 $205,000 $0 7.53%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $400,000 $200,000 $9,151 7.81%
Fairfield, IA (FHA|USDA|VA) 1 $395,000 $395,000 $21,785 6.88%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $390,000 $195,000 $4,460 6.04%
Fernley, NV (FHA|USDA|VA) 2 $390,000 $195,000 $0 7.30%
Laramie, WY (FHA|USDA|VA) 1 $385,000 $385,000 $11,428 6.50%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $375,000 $375,000 $4,186 8.12%
Brookhaven, MS (FHA|USDA|VA) 2 $370,000 $185,000 $7,217 6.88%
SAVANNAH, GA (FHA|USDA|VA) 1 $365,000 $365,000 $16,360 6.00%
Hays, KS (FHA|USDA|VA) 2 $360,000 $180,000 $5,944 6.88%
STAUNTON, VA (FHA|USDA|VA) 1 $355,000 $355,000 $18,592 7.38%
Ottawa, KS (FHA|USDA|VA) 2 $350,000 $175,000 $8,588 6.19%
REDDING, CA (FHA|USDA|VA) 2 $350,000 $175,000 $0 7.92%
MIDLAND, TX (FHA|USDA|VA) 1 $345,000 $345,000 $14,778 6.88%
LOUISVILLE, KY (FHA|USDA|VA) 2 $340,000 $170,000 $14,440 7.11%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $335,000 $335,000 $4,432 7.13%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $335,000 $335,000 $0 6.79%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $335,000 $111,667 $0 7.33%
EL PASO, TX (FHA|USDA|VA) 2 $330,000 $165,000 $5,594 6.99%
AKRON, OH (FHA|USDA|VA) 2 $330,000 $165,000 $0 7.98%
Salina, KS (FHA|USDA|VA) 1 $325,000 $325,000 $4,210 7.00%
Albemarle, NC (FHA|USDA|VA) 1 $325,000 $325,000 $15,938 6.63%
Warrensburg, MO (FHA|USDA|VA) 2 $310,000 $155,000 $6,634 6.44%
KOKOMO, IN (FHA|USDA|VA) 2 $310,000 $155,000 $8,070 7.00%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $310,000 $155,000 $0 7.22%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $305,000 $305,000 $7,580 7.00%
Newport, OR (FHA|USDA|VA) 1 $305,000 $305,000 $0 8.17%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $295,000 $295,000 $0 7.55%
EL CENTRO, CA (FHA|USDA|VA) 2 $290,000 $145,000 $0 7.33%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $285,000 $285,000 $10,649 6.25%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 3 $285,000 $95,000 $3,937 7.61%
McPherson, KS (FHA|USDA|VA) 2 $280,000 $140,000 $5,192 6.56%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $280,000 $140,000 $0 7.71%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $275,000 $275,000 $0 7.16%
Meridian, MS (FHA|USDA|VA) 3 $275,000 $91,667 $4,314 7.75%
Wauchula, FL (FHA|USDA|VA) 1 $275,000 $275,000 $12,782 6.63%
ST. GEORGE, UT (FHA|USDA|VA) 1 $275,000 $275,000 $0 6.43%
McComb, MS (FHA|USDA|VA) 2 $270,000 $135,000 $5,489 6.81%
Traverse City, MI (FHA|USDA|VA) 1 $265,000 $265,000 $0 8.17%
Fredericksburg, TX (FHA|USDA|VA) 1 $265,000 $265,000 $0 7.86%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $265,000 $265,000 $0 7.37%
Charleston-Mattoon, IL (FHA|USDA|VA) 2 $260,000 $130,000 $7,258 7.00%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $260,000 $130,000 $0 7.11%
ODESSA, TX (FHA|USDA|VA) 2 $260,000 $130,000 $8,027 6.94%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $255,000 $255,000 $0 7.61%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $255,000 $255,000 $0 6.25%
DALTON, GA (FHA|USDA|VA) 1 $245,000 $245,000 $6,190 6.88%
HATTIESBURG, MS (FHA|USDA|VA) 1 $245,000 $245,000 $8,163 6.50%
Marshalltown, IA (FHA|USDA|VA) 1 $245,000 $245,000 $15,656 6.75%
WENATCHEE, WA (FHA|USDA|VA) 1 $245,000 $245,000 $0 7.62%
COLUMBIA, SC (FHA|USDA|VA) 1 $245,000 $245,000 $13,284 7.25%
Sonora, CA (FHA|USDA|VA) 1 $245,000 $245,000 $0 7.89%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $245,000 $245,000 $6,048 6.62%
Coffeyville, KS (FHA|USDA|VA) 2 $240,000 $120,000 $7,014 6.13%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 5.75%
Spearfish, SD (FHA|USDA|VA) 1 $235,000 $235,000 $4,678 5.88%
READING, PA (FHA|USDA|VA) 1 $235,000 $235,000 $0 6.22%
Red Bluff, CA (FHA|USDA|VA) 2 $230,000 $115,000 $0 7.34%
Shelby, NC (FHA|USDA|VA) 1 $225,000 $225,000 $3,364 7.25%
Shawnee, OK (FHA|USDA|VA) 2 $220,000 $110,000 $5,063 8.43%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $220,000 $110,000 $0 6.75%
Greenville, MS (FHA|USDA|VA) 1 $215,000 $215,000 $12,016 5.75%
MORRISTOWN, TN (FHA|USDA|VA) 1 $215,000 $215,000 $0 6.84%
Greenwood, MS (FHA|USDA|VA) 3 $215,000 $71,667 $3,127 8.25%
PITTSBURGH, PA (FHA|USDA|VA) 2 $210,000 $105,000 $0 7.32%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $210,000 $105,000 $0 7.52%
Angola, IN (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.60%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.62%
Brookings, SD (FHA|USDA|VA) 1 $205,000 $205,000 $4,445 6.63%
Great Bend, KS (FHA|USDA|VA) 1 $205,000 $205,000 $8,195 5.75%
Cookeville, TN (FHA|USDA|VA) 1 $205,000 $205,000 $12,375 6.13%
St. Marys, GA (FHA|USDA|VA) 1 $195,000 $195,000 $5,801 6.63%
JONESBORO, AR (FHA|USDA|VA) 1 $195,000 $195,000 $8,565 5.75%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $195,000 $195,000 $9,849 6.25%
Sedalia, MO (FHA|USDA|VA) 1 $195,000 $195,000 $2,881 7.63%
Athens, TX (FHA|USDA|VA) 1 $195,000 $195,000 $6,310 6.13%
Logansport, IN (FHA|USDA|VA) 2 $190,000 $95,000 $4,946 7.13%
Clearlake, CA (FHA|USDA|VA) 1 $185,000 $185,000 $0 7.64%
Greensburg, IN (FHA|USDA|VA) 1 $185,000 $185,000 $7,759 6.75%
Richmond, IN (FHA|USDA|VA) 1 $185,000 $185,000 $6,449 6.63%
Mineral Wells, TX (FHA|USDA|VA) 1 $185,000 $185,000 $6,441 6.62%
SPARTANBURG, SC (FHA|USDA|VA) 1 $185,000 $185,000 $8,768 7.25%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $180,000 $90,000 $0 7.29%
Palatka, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 7.62%
Ellensburg, WA (FHA|USDA|VA) 1 $175,000 $175,000 $0 6.81%
GAINESVILLE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 7.37%
JOPLIN, MO (FHA|USDA|VA) 1 $175,000 $175,000 $5,609 7.63%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $175,000 $175,000 $7,884 5.88%
Ardmore, OK (FHA|USDA|VA) 1 $175,000 $175,000 $9,074 6.00%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $175,000 $175,000 $0 7.29%
TOLEDO, OH (FHA|USDA|VA) 1 $165,000 $165,000 $0 7.52%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $165,000 $165,000 $0 6.39%
SALEM, OR (FHA|USDA|VA) 1 $165,000 $165,000 $0 7.08%
SAN ANGELO, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,011 5.75%
SIOUX FALLS, SD (FHA|USDA|VA) 2 $160,000 $80,000 $0 7.29%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.97%
MERCED, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.71%
Crossville, TN (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.99%
Farmington, MO (FHA|USDA|VA) 1 $155,000 $155,000 $10,919 7.88%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.67%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $150,000 $75,000 $4,493 4.19%
Muscatine, IA (FHA|USDA|VA) 2 $150,000 $75,000 $4,026 9.25%
LAWRENCE, KS (FHA|USDA|VA) 1 $145,000 $145,000 $3,661 6.62%
Frankfort, IN (FHA|USDA|VA) 1 $145,000 $145,000 $6,171 6.75%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 8.14%
Huntsville, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 6.48%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $145,000 $145,000 $4,422 7.63%
Eufaula, AL-GA (FHA|USDA|VA) 1 $145,000 $145,000 $6,028 7.63%
KNOXVILLE, TN (FHA|USDA|VA) 2 $140,000 $70,000 $0 7.92%
Centralia, WA (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.97%
BATON ROUGE, LA (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.60%
Shelbyville, TN (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.16%
Cañon City, CO (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.77%
LAWTON, OK (FHA|USDA|VA) 1 $135,000 $135,000 $8,284 6.50%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.66%
Portsmouth, OH (FHA|USDA|VA) 1 $125,000 $125,000 $6,699 7.13%
Tupelo, MS (FHA|USDA|VA) 1 $125,000 $125,000 $5,506 8.13%
Prineville, OR (FHA|USDA|VA) 1 $125,000 $125,000 $0 7.08%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $125,000 $125,000 $0 7.31%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $125,000 $125,000 $0 7.41%
GAINESVILLE, GA (FHA|USDA|VA) 1 $125,000 $125,000 $0 7.67%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $125,000 $125,000 $0 7.96%
Natchez, MS-LA (FHA|USDA|VA) 1 $125,000 $125,000 $3,204 6.50%
Seymour, IN (FHA|USDA|VA) 1 $125,000 $125,000 $7,301 6.25%
Durant, OK (FHA|USDA|VA) 1 $115,000 $115,000 $3,074 5.75%
Milledgeville, GA (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.38%
Lufkin, TX (FHA|USDA|VA) 1 $115,000 $115,000 $8,422 6.75%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.06%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.20%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.99%
Woodward, OK (FHA|USDA|VA) 1 $115,000 $115,000 $6,679 7.13%
Brenham, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.16%
LUBBOCK, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.81%
APPLETON, WI (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.68%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.22%
Brainerd, MN (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.37%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $105,000 $105,000 $7,782 5.99%
OWENSBORO, KY (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.67%
Greeneville, TN (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.22%
Miami, OK (FHA|USDA|VA) 2 $90,000 $45,000 $2,336 5.94%
Fort Dodge, IA (FHA|USDA|VA) 1 $85,000 $85,000 $2,967 5.99%
Cullman, AL (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.50%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.35%
LAFAYETTE, LA (FHA|USDA|VA) 1 $75,000 $75,000 $3,093 5.75%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.84%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.48%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $75,000 $75,000 $4,526 7.13%
BISMARCK, ND (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.81%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.85%
Columbus, MS (FHA|USDA|VA) 1 $45,000 $45,000 $4,229 6.99%
Open Mortgage's top markets include Dallas, Jackson, Tulsa, Wichita, and Kansas City among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against OPEN 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 997 $211,045,000 $211,680 $5,932 6.58%
    FHA 839 $185,455,000 $221,043 $10,166 6.68%
    FHA 696 $162,770,000 $233,865 $0 7.37%
    USDA 231 $36,895,000 $159,719 $7,318 6.62%
    VA 176 $48,540,000 $275,795 $7,529 6.46%
    FHA 1 $205,000 $205,000 $0 6.93%

    For 2023, Open Mortgage's most frequently originated type of loan was Conventional, with 997 originations. Their 2nd most popular type was FHA, with 839 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,042 $460,180,000 $225,357 $8,208 6.70%
    Cash Out Refi 378 $73,190,000 $193,624 $8,136 7.22%
    Refi 351 $94,065,000 $267,991 $7,527 7.32%
    Other 164 $16,240,000 $99,024 $52 5.77%
    Home Improvement 5 $1,235,000 $247,000 $0 7.61%

    For 2023, Open Mortgage's most frequently cited loan purpose was Home Purchase, with 2,042 originations. The 2nd most popular reason was Cash Out Refi, with 378 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,139 $476,655,000 $222,840 $8,120 6.61%
    Other 699 $163,195,000 $233,469 $4,653 7.37%
    10 Year 83 $515,000 $6,205 $62 6.90%
    15 Year 10 $2,530,000 $253,000 $5,887 6.17%
    20 Year 5 $1,015,000 $203,000 $7,561 6.15%
    3 Year 3 $25,000 $8,333 $0 0.00%
    30+ year 1 $975,000 $975,000 $10,431 8.13%

    For 2023, Open Mortgage's most frequently cited loan duration was 30 Year, with 2,139 originations. The 2nd most popular length was Other, with 699 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 508 $163,870,000 $322,579
    $1k-2k 420 $79,580,000 $189,476
    $2k-3k 369 $63,665,000 $172,534
    $3k-4k 356 $68,460,000 $192,303
    $<1k 322 $44,370,000 $137,795
    $4k-5k 249 $57,795,000 $232,108

    Open Mortgage's average total fees were $8,120, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 508 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,256 $285,260,000 $227,118
    7-8% 1,072 $240,890,000 $224,711
    5-6% 336 $80,830,000 $240,565
    Over 8% 197 $35,015,000 $177,741
    <2.5% 68 $550,000 $8,088
    4-5% 11 $2,365,000 $215,000

    During 2023, Open Mortgage's average interest rate for loans was 6.61%, while their most frequently originated rate bucket for loans was 6-7%, with 1,256 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,147 $173,405,000 $151,181 $6,682 6.90%
    $200k-400k 1,132 $316,570,000 $279,655 $9,566 6.85%
    $100,000 or less 401 $21,525,000 $53,678 $2,906 6.20%
    $400k-600k 217 $102,515,000 $472,419 $13,585 6.92%
    $600k-1MM 41 $28,215,000 $688,171 $14,983 7.21%
    $1MM+ 2 $2,680,000 $1,340,000 $21,238 7.75%

    2023 saw Open Mortgage place emphasis on $100k-200k loans with 1,147 originations, totaling $173,405,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 1,001 $188,155,000 $187,967 $5,738 7.00%
    $50k-75k 740 $126,830,000 $171,392 $6,859 6.49%
    $75k-100k 484 $111,780,000 $230,950 $8,178 6.67%
    $100k-150k 453 $123,525,000 $272,682 $9,045 6.84%
    $150k-250k 200 $68,350,000 $341,750 $10,431 6.86%
    $250k+ 59 $25,575,000 $433,475 $10,469 7.38%

    Open Mortgage lent most frequently to those with incomes in the $50k or less range, with 1,001 originations. The second most popular income band? $50k-75k, with 740 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 338 $69,280,000 $204,970 $7,460 6.61%
    20-30% 272 $50,010,000 $183,860 $6,496 6.75%
    50-60% 250 $62,140,000 $248,560 $10,431 6.63%
    49% 137 $31,195,000 $227,701 $8,265 6.37%
    40% 112 $24,700,000 $220,536 $8,025 6.76%
    44% 110 $26,240,000 $238,545 $8,443 6.54%
    42% 102 $25,560,000 $250,588 $8,691 6.78%
    48% 95 $21,325,000 $224,474 $7,101 6.81%
    38% 94 $19,830,000 $210,957 $6,927 6.40%
    47% 92 $21,660,000 $235,435 $8,590 6.49%
    39% 90 $17,520,000 $194,667 $7,145 6.78%
    46% 89 $19,655,000 $220,843 $7,976 6.65%
    43% 88 $20,710,000 $235,341 $8,112 6.35%
    41% 75 $15,625,000 $208,333 $8,405 6.51%
    37% 73 $13,965,000 $191,301 $6,486 6.66%
    45% 73 $17,365,000 $237,877 $7,762 6.61%
    36% 64 $13,170,000 $205,781 $7,550 6.59%
    <20% 56 $9,390,000 $167,679 $5,386 6.82%
    >60% 5 $1,355,000 $271,000 $12,310 7.33%

    Open Mortgage lent most frequently to those with DTI ratios of 30-36%, with 338 originations. The next most common DTI ratio? 20-30%, with 272 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,900 $424,550,000 $223,447 $7,697 6.82%
    Not provided 654 $132,620,000 $202,783 $7,443 6.72%
    Black 301 $68,805,000 $228,588 $8,967 6.81%
    Asian 39 $10,195,000 $261,410 $8,296 7.06%
    American Indian 41 $7,745,000 $188,902 $8,840 6.48%
    Native Hawaiian or Islander 5 $995,000 $199,000 $11,880 7.01%

    Approval Rates

    Total approvals of all applications
    95.74%

    Open 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 origination
    64.32%

    Open 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 2,940 $644,910,000 $219,357

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,940 $644,910,000 $219,357

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 211 $39,985,000 $189,502 $4,698 7.31%
    40-60% 568 $131,740,000 $231,937 $6,023 7.24%
    60-80% 342 $90,440,000 $264,444 $7,525 6.94%
    80-100% 1,562 $358,060,000 $229,232 $8,601 6.72%
    Over 100% 114 $22,250,000 $195,175 $9,108 6.54%
    Under 20% 118 $1,890,000 $16,017 $45 4.75%