Open Mortgage Rates, Fees & Info

AUSTIN, TX

LEI: 549300CR5XDK0TP7I727

Tax ID: 83-0345906

4.1 stars - out of 5 stars, based on 86 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Open Mortgage is a small mortgage company specializing in Home Purchase and Refi loans. Open Mortgage has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have an average proportion of FHA loans. They have a low ratio of USDA 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: Los Angeles, Dallas, San Diego, Tampa, and Riverside among others. We have data for 374 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 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 7.06% 12/4/22
    30 Year Conventional Refi 6.76% 12/4/22
    30 Year Cash-out Refi 6.97% 12/4/22
    30 Year FHA Purchase 7.88% 12/4/22
    30 Year FHA Refi 7.42% 12/4/22
    30 Year VA Purchase 6.76% 12/4/22
    30 Year VA Refi 6.24% 12/4/22
    30 Year USDA Purchase 7.20% 12/4/22
    30 Year USDA Refi 6.90% 12/4/22
    15 Year Conventional Purchase 6.33% 12/4/22
    15 Year Conventional Refi 6.09% 12/4/22
    15 Year Cash-out Refi 6.09% 12/4/22
    15 Year FHA Purchase 6.46% 12/4/22
    15 Year FHA Refi 7.45% 12/4/22
    15 Year VA Purchase 6.48% 12/4/22
    15 Year VA Refi 5.81% 12/4/22
    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.


    Originations

    7,473

    Origination Dollar Volume (All Markets)

    $1,893,215,000
    Show all (17) awards

    Relative Rate

    Open Mortgage's average 30 year fixed mortgage rate was 3.09%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.06%.

    Relative Fees (Closing Costs)

    Open Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $5,839.

    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 $4,750.

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 444 $189,210,000 $426,149 $7,187 2.72%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 424 $104,010,000 $245,307 $6,392 3.02%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 228 $95,510,000 $418,904 $5,518 2.60%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 332 $83,240,000 $250,723 $5,727 3.01%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 262 $83,220,000 $317,634 $6,864 2.70%
    JACKSON, MS (FHA|USDA|VA) 391 $76,745,000 $196,279 $5,894 3.20%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 123 $63,935,000 $519,797 $6,825 3.06%
    WICHITA, KS (FHA|USDA|VA) 369 $62,965,000 $170,637 $4,379 3.06%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 259 $60,895,000 $235,116 $5,012 3.08%
    Outside of Metro Areas 324 $55,510,000 $171,327 $5,599 3.02%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 74 $55,060,000 $744,054 $8,529 4.01%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 281 $54,515,000 $194,004 $6,306 3.04%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 207 $48,585,000 $234,710 $4,613 2.67%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 109 $36,115,000 $331,330 $7,847 2.66%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 153 $34,695,000 $226,765 $6,313 3.04%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 111 $33,805,000 $304,550 $3,763 2.75%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 112 $28,690,000 $256,161 $6,575 3.01%
    RAPID CITY, SD (FHA|USDA|VA) 117 $27,495,000 $235,000 $5,190 2.77%
    TULSA, OK (FHA|USDA|VA) 134 $26,720,000 $199,403 $6,304 3.09%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 80 $25,280,000 $316,000 $5,160 2.57%
    Gillette, WY (FHA|USDA|VA) 108 $24,880,000 $230,370 $5,528 2.84%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 100 $23,490,000 $234,900 $6,823 2.55%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 129 $19,575,000 $151,744 $4,431 3.14%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 46 $18,610,000 $404,565 $10,425 2.59%
    JACKSONVILLE, FL (FHA|USDA|VA) 72 $18,210,000 $252,917 $5,678 3.03%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 107 $16,875,000 $157,710 $5,738 3.31%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 59 $16,785,000 $284,492 $5,486 2.59%
    Riverton, WY (FHA|USDA|VA) 75 $15,925,000 $212,333 $4,467 2.97%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 65 $15,045,000 $231,462 $6,171 2.84%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 33 $14,815,000 $448,939 $6,961 2.64%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 50 $14,740,000 $294,800 $6,324 2.73%
    VALDOSTA, GA (FHA|USDA|VA) 72 $13,870,000 $192,639 $6,231 3.01%
    ABILENE, TX (FHA|USDA|VA) 68 $12,610,000 $185,441 $6,559 3.07%
    Hutchinson, KS (FHA|USDA|VA) 67 $9,885,000 $147,537 $4,080 3.11%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 54 $9,860,000 $182,593 $6,014 3.06%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 31 $9,835,000 $317,258 $7,209 2.67%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 46 $9,410,000 $204,565 $9,030 2.69%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 47 $9,175,000 $195,213 $6,966 2.99%
    URBAN HONOLULU, HI (FHA|USDA|VA) 17 $8,315,000 $489,118 $2,847 3.75%
    STOCKTON, CA (FHA|USDA|VA) 28 $8,230,000 $293,929 $9,794 2.50%
    CASPER, WY (FHA|USDA|VA) 42 $8,210,000 $195,476 $4,401 2.68%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 42 $8,040,000 $191,429 $5,984 3.17%
    BOISE CITY, ID (FHA|USDA|VA) 34 $8,010,000 $235,588 $5,535 2.79%
    CHEYENNE, WY (FHA|USDA|VA) 25 $7,515,000 $300,600 $4,747 2.69%
    VALLEJO, CA (FHA|USDA|VA) 18 $6,800,000 $377,778 $5,419 2.77%
    COLUMBUS, GA-AL (FHA|USDA|VA) 31 $6,685,000 $215,645 $4,929 2.91%
    Sheridan, WY (FHA|USDA|VA) 19 $6,295,000 $331,316 $5,556 2.72%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 37 $5,985,000 $161,757 $4,945 2.70%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 31 $5,785,000 $186,613 $5,188 2.59%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 25 $5,545,000 $221,800 $5,760 2.93%
    McAlester, OK (FHA|USDA|VA) 37 $5,505,000 $148,784 $5,058 3.09%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 24 $5,490,000 $228,750 $4,061 2.84%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 22 $5,110,000 $232,273 $0 2.58%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 19 $4,635,000 $243,947 $6,937 2.98%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 32 $4,480,000 $140,000 $4,009 2.93%
    Brownwood, TX (FHA|USDA|VA) 20 $4,480,000 $224,000 $5,842 3.23%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 22 $4,450,000 $202,273 $1,825 2.57%
    FRESNO, CA (FHA|USDA|VA) 17 $4,255,000 $250,294 $6,581 2.51%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 19 $4,155,000 $218,684 $4,122 2.75%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 18 $3,990,000 $221,667 $1,925 2.62%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 12 $3,940,000 $328,333 $0 2.49%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 17 $3,865,000 $227,353 $4,906 2.72%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 9 $3,855,000 $428,333 $7,074 2.40%
    Tahlequah, OK (FHA|USDA|VA) 19 $3,855,000 $202,895 $8,461 2.87%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 23 $3,855,000 $167,609 $7,597 2.82%
    SALINAS, CA (FHA|USDA|VA) 8 $3,710,000 $463,750 $2,588 2.95%
    TUCSON, AZ (FHA|USDA|VA) 17 $3,585,000 $210,882 $3,089 2.69%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 15 $3,505,000 $233,667 $4,579 2.63%
    BILLINGS, MT (FHA|USDA|VA) 15 $3,365,000 $224,333 $8,575 2.65%
    BEND, OR (FHA|USDA|VA) 12 $3,360,000 $280,000 $3,724 2.75%
    SALT LAKE CITY, UT (FHA|USDA|VA) 11 $3,275,000 $297,727 $22,610 2.10%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 17 $3,245,000 $190,882 $6,270 3.02%
    MUNCIE, IN (FHA|USDA|VA) 20 $3,190,000 $159,500 $4,146 3.09%
    Vicksburg, MS (FHA|USDA|VA) 19 $3,185,000 $167,632 $6,051 3.02%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 13 $3,075,000 $236,538 $4,777 2.53%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 11 $3,065,000 $278,636 $0 2.74%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 10 $2,980,000 $298,000 $7,345 2.48%
    IOWA CITY, IA (FHA|USDA|VA) 13 $2,935,000 $225,769 $6,307 3.38%
    GREELEY, CO (FHA|USDA|VA) 11 $2,685,000 $244,091 $3,024 2.85%
    Durango, CO (FHA|USDA|VA) 9 $2,575,000 $286,111 $0 2.53%
    RICHMOND, VA (FHA|USDA|VA) 9 $2,565,000 $285,000 $3,957 2.68%
    MODESTO, CA (FHA|USDA|VA) 10 $2,550,000 $255,000 $6,666 2.53%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 11 $2,475,000 $225,000 $6,324 2.91%
    Mount Airy, NC (FHA|USDA|VA) 20 $2,470,000 $123,500 $4,344 3.06%
    SALEM, OR (FHA|USDA|VA) 9 $2,295,000 $255,000 $0 2.49%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 6 $2,100,000 $350,000 $2,576 2.58%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 11 $2,005,000 $182,273 $1,795 2.57%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $2,005,000 $668,333 $0 5.44%
    YUBA CITY, CA (FHA|USDA|VA) 8 $1,970,000 $246,250 $6,273 2.43%
    PUNTA GORDA, FL (FHA|USDA|VA) 9 $1,915,000 $212,778 $6,893 3.18%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 9 $1,865,000 $207,222 $5,600 2.90%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 8 $1,860,000 $232,500 $4,630 2.74%
    Muskogee, OK (FHA|USDA|VA) 11 $1,855,000 $168,636 $6,566 3.19%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 3 $1,805,000 $601,667 $6,243 3.31%
    FORT COLLINS, CO (FHA|USDA|VA) 6 $1,790,000 $298,333 $0 2.40%
    REDDING, CA (FHA|USDA|VA) 9 $1,775,000 $197,222 $6,311 2.74%
    CaƱon City, CO (FHA|USDA|VA) 8 $1,750,000 $218,750 $6,651 2.92%
    BATON ROUGE, LA (FHA|USDA|VA) 6 $1,680,000 $280,000 $12,698 2.95%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 8 $1,680,000 $210,000 $0 2.68%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 8 $1,670,000 $208,750 $3,795 2.68%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 7 $1,665,000 $237,857 $5,442 3.16%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 7 $1,665,000 $237,857 $4,747 2.85%
    BELLINGHAM, WA (FHA|USDA|VA) 7 $1,665,000 $237,857 $4,506 2.66%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 12 $1,660,000 $138,333 $2,120 2.56%
    FORT SMITH, AR-OK (FHA|USDA|VA) 8 $1,630,000 $203,750 $6,975 2.89%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 9 $1,605,000 $178,333 $4,545 2.73%
    New Castle, IN (FHA|USDA|VA) 12 $1,580,000 $131,667 $3,655 2.97%
    SIOUX FALLS, SD (FHA|USDA|VA) 8 $1,540,000 $192,500 $3,561 2.46%
    ENID, OK (FHA|USDA|VA) 9 $1,505,000 $167,222 $4,316 2.97%
    PUEBLO, CO (FHA|USDA|VA) 8 $1,500,000 $187,500 $5,820 2.71%
    Spearfish, SD (FHA|USDA|VA) 4 $1,490,000 $372,500 $8,716 2.72%
    RALEIGH-CARY, NC (FHA|USDA|VA) 5 $1,485,000 $297,000 $4,991 2.59%
    MERCED, CA (FHA|USDA|VA) 6 $1,480,000 $246,667 $6,254 2.69%
    Oak Harbor, WA (FHA|USDA|VA) 3 $1,465,000 $488,333 $11,390 2.85%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 5 $1,465,000 $293,000 $0 1.99%
    PANAMA CITY, FL (FHA|USDA|VA) 6 $1,420,000 $236,667 $4,909 3.06%
    Kapaa, HI (FHA|USDA|VA) 3 $1,405,000 $468,333 $0 3.72%
    OCALA, FL (FHA|USDA|VA) 9 $1,395,000 $155,000 $4,961 3.01%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 7 $1,385,000 $197,857 $1,282 2.63%
    FARGO, ND-MN (FHA|USDA|VA) 9 $1,315,000 $146,111 $0 2.26%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $1,290,000 $322,500 $6,818 2.41%
    MEDFORD, OR (FHA|USDA|VA) 5 $1,265,000 $253,000 $8,920 2.42%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 5 $1,255,000 $251,000 $6,137 2.52%
    Winfield, KS (FHA|USDA|VA) 9 $1,225,000 $136,111 $4,867 3.14%
    NAPA, CA (FHA|USDA|VA) 1 $1,225,000 $1,225,000 $0 5.38%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 6 $1,220,000 $203,333 $7,528 3.25%
    RENO, NV (FHA|USDA|VA) 4 $1,200,000 $300,000 $0 2.16%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 5 $1,195,000 $239,000 $6,429 2.90%
    BAKERSFIELD, CA (FHA|USDA|VA) 6 $1,190,000 $198,333 $8,058 2.53%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 7 $1,165,000 $166,429 $4,465 2.96%
    JOPLIN, MO (FHA|USDA|VA) 3 $1,115,000 $371,667 $7,137 3.08%
    COLUMBIA, SC (FHA|USDA|VA) 3 $1,115,000 $371,667 $3,437 3.98%
    Ponca City, OK (FHA|USDA|VA) 6 $1,040,000 $173,333 $4,689 3.12%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 3 $995,000 $331,667 $0 2.43%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $995,000 $199,000 $4,238 3.09%
    Bartlesville, OK (FHA|USDA|VA) 9 $965,000 $107,222 $4,905 3.24%
    Sulphur Springs, TX (FHA|USDA|VA) 2 $960,000 $480,000 $11,014 2.69%
    Fredericksburg, TX (FHA|USDA|VA) 2 $960,000 $480,000 $6,669 3.63%
    Outside of Metro Areas 4 $950,000 $237,500 $0 2.87%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 4 $940,000 $235,000 $0 2.52%
    Bonham, TX (FHA|USDA|VA) 3 $935,000 $311,667 $7,487 2.75%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 4 $930,000 $232,500 $6,449 2.79%
    LONGVIEW, TX (FHA|USDA|VA) 5 $905,000 $181,000 $6,077 2.98%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 5 $905,000 $181,000 $3,330 2.86%
    SAN ANGELO, TX (FHA|USDA|VA) 4 $870,000 $217,500 $5,930 3.31%
    COLUMBUS, OH (FHA|USDA|VA) 6 $870,000 $145,000 $0 2.57%
    ODESSA, TX (FHA|USDA|VA) 4 $850,000 $212,500 $7,350 3.00%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $830,000 $415,000 $4,366 3.06%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 4 $830,000 $207,500 $6,632 3.34%
    Eureka-Arcata, CA (FHA|USDA|VA) 3 $825,000 $275,000 $3,811 3.15%
    Granbury, TX (FHA|USDA|VA) 2 $800,000 $400,000 $5,876 2.56%
    EL PASO, TX (FHA|USDA|VA) 4 $790,000 $197,500 $5,701 2.59%
    ST. GEORGE, UT (FHA|USDA|VA) 4 $790,000 $197,500 $0 2.13%
    HATTIESBURG, MS (FHA|USDA|VA) 3 $785,000 $261,667 $6,439 3.29%
    Brookhaven, MS (FHA|USDA|VA) 5 $785,000 $157,000 $5,729 3.28%
    Clearlake, CA (FHA|USDA|VA) 5 $785,000 $157,000 $5,496 2.41%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 4 $780,000 $195,000 $3,626 2.62%
    BOULDER, CO (FHA|USDA|VA) 2 $780,000 $390,000 $0 2.13%
    Red Bluff, CA (FHA|USDA|VA) 4 $780,000 $195,000 $0 2.60%
    Natchitoches, LA (FHA|USDA|VA) 4 $780,000 $195,000 $6,851 3.50%
    ALBUQUERQUE, NM (FHA|USDA|VA) 3 $775,000 $258,333 $3,603 2.66%
    HUNTSVILLE, AL (FHA|USDA|VA) 5 $765,000 $153,000 $1,745 2.54%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 6 $760,000 $126,667 $5,539 2.76%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $750,000 $375,000 $0 3.39%
    SPARTANBURG, SC (FHA|USDA|VA) 3 $745,000 $248,333 $5,252 2.42%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 5 $745,000 $149,000 $4,797 3.10%
    Muscatine, IA (FHA|USDA|VA) 3 $745,000 $248,333 $3,301 3.04%
    FLAGSTAFF, AZ (FHA|USDA|VA) 2 $730,000 $365,000 $0 2.45%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 3 $725,000 $241,667 $12,469 3.44%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 5 $695,000 $139,000 $3,374 2.83%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 4 $680,000 $170,000 $2,003 2.53%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $660,000 $330,000 $5,777 3.00%
    Meridian, MS (FHA|USDA|VA) 4 $660,000 $165,000 $5,423 3.22%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 3 $655,000 $218,333 $5,464 2.92%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 4 $650,000 $162,500 $5,573 2.87%
    Moses Lake, WA (FHA|USDA|VA) 4 $650,000 $162,500 $7,041 2.77%
    OCEAN CITY, NJ (FHA|USDA|VA) 2 $650,000 $325,000 $0 2.80%
    GRANTS PASS, OR (FHA|USDA|VA) 3 $645,000 $215,000 $0 2.56%
    LAWRENCE, KS (FHA|USDA|VA) 3 $635,000 $211,667 $4,812 2.88%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $635,000 $211,667 $4,343 2.31%
    TWIN FALLS, ID (FHA|USDA|VA) 2 $630,000 $315,000 $0 2.97%
    GRAND JUNCTION, CO (FHA|USDA|VA) 3 $625,000 $208,333 $0 2.11%
    Shelton, WA (FHA|USDA|VA) 3 $625,000 $208,333 $0 2.38%
    PROVO-OREM, UT (FHA|USDA|VA) 3 $615,000 $205,000 $0 2.29%
    LANCASTER, PA (FHA|USDA|VA) 4 $590,000 $147,500 $0 2.47%
    McPherson, KS (FHA|USDA|VA) 3 $585,000 $195,000 $2,829 3.21%
    Mountain Home, ID (FHA|USDA|VA) 2 $580,000 $290,000 $9,659 3.22%
    Port Angeles, WA (FHA|USDA|VA) 3 $575,000 $191,667 $0 2.78%
    MADERA, CA (FHA|USDA|VA) 2 $560,000 $280,000 $0 2.41%
    SAVANNAH, GA (FHA|USDA|VA) 3 $555,000 $185,000 $3,852 2.74%
    VISALIA, CA (FHA|USDA|VA) 4 $550,000 $137,500 $1,946 2.51%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $545,000 $545,000 $2,515 3.13%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $540,000 $270,000 $0 2.57%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 3 $535,000 $178,333 $0 2.85%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 4 $530,000 $132,500 $3,928 2.66%
    Sweetwater, TX (FHA|USDA|VA) 5 $525,000 $105,000 $5,763 3.18%
    Ottawa, KS (FHA|USDA|VA) 3 $525,000 $175,000 $4,821 3.04%
    TERRE HAUTE, IN (FHA|USDA|VA) 4 $510,000 $127,500 $4,682 2.91%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $500,000 $250,000 $3,231 3.25%
    FAYETTEVILLE, NC (FHA|USDA|VA) 3 $495,000 $165,000 $6,567 2.86%
    GAINESVILLE, GA (FHA|USDA|VA) 2 $490,000 $245,000 $6,681 3.22%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 2 $480,000 $240,000 $4,385 3.56%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $475,000 $475,000 $4,542 2.99%
    Ukiah, CA (FHA|USDA|VA) 1 $475,000 $475,000 $0 3.06%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $475,000 $475,000 $0 2.06%
    Payson, AZ (FHA|USDA|VA) 2 $470,000 $235,000 $0 2.42%
    Gainesville, TX (FHA|USDA|VA) 1 $465,000 $465,000 $21,032 3.13%
    Albertville, AL (FHA|USDA|VA) 1 $465,000 $465,000 $0 1.91%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 3 $465,000 $155,000 $0 2.88%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $460,000 $115,000 $6,374 2.59%
    Kalispell, MT (FHA|USDA|VA) 2 $460,000 $230,000 $5,232 2.75%
    THE VILLAGES, FL (FHA|USDA|VA) 3 $455,000 $151,667 $6,140 2.88%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 3 $435,000 $145,000 $7,070 3.24%
    Aberdeen, WA (FHA|USDA|VA) 2 $420,000 $210,000 $0 2.89%
    Centralia, WA (FHA|USDA|VA) 2 $420,000 $210,000 $0 2.63%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $400,000 $200,000 $3,080 2.35%
    Fergus Falls, MN (FHA|USDA|VA) 1 $395,000 $395,000 $0 2.61%
    Steamboat Springs, CO (FHA|USDA|VA) 1 $395,000 $395,000 $0 2.08%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $390,000 $195,000 $0 2.60%
    Show Low, AZ (FHA|USDA|VA) 2 $390,000 $195,000 $11,778 2.66%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $390,000 $195,000 $3,197 2.63%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 2 $380,000 $190,000 $0 2.93%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 3 $375,000 $125,000 $5,177 3.21%
    POCATELLO, ID (FHA|USDA|VA) 2 $370,000 $185,000 $0 2.70%
    Klamath Falls, OR (FHA|USDA|VA) 2 $360,000 $180,000 $0 2.70%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $355,000 $355,000 $0 2.81%
    WACO, TX (FHA|USDA|VA) 1 $355,000 $355,000 $6,180 2.50%
    LAS CRUCES, NM (FHA|USDA|VA) 1 $355,000 $355,000 $0 2.21%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 2 $350,000 $175,000 $1,752 2.38%
    Ontario, OR-ID (FHA|USDA|VA) 2 $350,000 $175,000 $0 2.44%
    EL CENTRO, CA (FHA|USDA|VA) 2 $350,000 $175,000 $1,441 2.93%
    WENATCHEE, WA (FHA|USDA|VA) 2 $350,000 $175,000 $888 2.72%
    AMARILLO, TX (FHA|USDA|VA) 3 $345,000 $115,000 $8,918 2.72%
    Georgetown, SC (FHA|USDA|VA) 1 $345,000 $345,000 $2,691 2.75%
    Helena, MT (FHA|USDA|VA) 2 $340,000 $170,000 $5,152 2.88%
    LAWTON, OK (FHA|USDA|VA) 2 $340,000 $170,000 $6,901 2.94%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $330,000 $165,000 $0 2.24%
    LUBBOCK, TX (FHA|USDA|VA) 2 $330,000 $165,000 $3,426 2.69%
    Palatka, FL (FHA|USDA|VA) 2 $330,000 $165,000 $5,674 2.94%
    MIDLAND, TX (FHA|USDA|VA) 1 $325,000 $325,000 $14,412 3.88%
    Richmond, IN (FHA|USDA|VA) 1 $325,000 $325,000 $2,688 2.75%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $325,000 $325,000 $6,657 3.25%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 3 $325,000 $108,333 $4,994 3.25%
    Sevierville, TN (FHA|USDA|VA) 2 $320,000 $160,000 $0 2.33%
    Hays, KS (FHA|USDA|VA) 1 $315,000 $315,000 $4,022 3.38%
    Marion, IN (FHA|USDA|VA) 2 $310,000 $155,000 $4,864 3.63%
    Scottsbluff, NE (FHA|USDA|VA) 1 $305,000 $305,000 $9,047 3.00%
    WINSTON-SALEM, NC (FHA|USDA|VA) 3 $305,000 $101,667 $3,250 3.33%
    PITTSBURGH, PA (FHA|USDA|VA) 3 $305,000 $101,667 $0 2.66%
    READING, PA (FHA|USDA|VA) 2 $300,000 $150,000 $2,375 2.77%
    WINCHESTER, VA-WV (FHA|USDA|VA) 2 $300,000 $150,000 $0 2.47%
    CHICO, CA (FHA|USDA|VA) 1 $295,000 $295,000 $0 2.34%
    Tupelo, MS (FHA|USDA|VA) 2 $290,000 $145,000 $3,360 2.75%
    Warsaw, IN (FHA|USDA|VA) 2 $290,000 $145,000 $2,673 3.56%
    Atchison, KS (FHA|USDA|VA) 1 $285,000 $285,000 $3,380 3.25%
    Ottawa, IL (FHA|USDA|VA) 2 $280,000 $140,000 $7,260 2.99%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 2 $280,000 $140,000 $0 2.45%
    Norfolk, NE (FHA|USDA|VA) 2 $280,000 $140,000 $3,311 3.06%
    Dickinson, ND (FHA|USDA|VA) 1 $275,000 $275,000 $7,074 3.25%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $275,000 $275,000 $1,849 3.00%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $275,000 $275,000 $1,981 2.88%
    BISMARCK, ND (FHA|USDA|VA) 1 $265,000 $265,000 $0 2.43%
    Sonora, CA (FHA|USDA|VA) 1 $265,000 $265,000 $0 2.71%
    Marshalltown, IA (FHA|USDA|VA) 2 $260,000 $130,000 $4,780 3.31%
    KNOXVILLE, TN (FHA|USDA|VA) 2 $260,000 $130,000 $0 2.57%
    Bozeman, MT (FHA|USDA|VA) 1 $255,000 $255,000 $7,027 2.75%
    Natchez, MS-LA (FHA|USDA|VA) 1 $255,000 $255,000 $7,306 3.25%
    CORVALLIS, OR (FHA|USDA|VA) 1 $255,000 $255,000 $0 2.52%
    RACINE, WI (FHA|USDA|VA) 1 $255,000 $255,000 $1,296 2.75%
    BOWLING GREEN, KY (FHA|USDA|VA) 1 $255,000 $255,000 $3,742 3.13%
    Roswell, NM (FHA|USDA|VA) 1 $245,000 $245,000 $1,586 2.88%
    Taos, NM (FHA|USDA|VA) 1 $245,000 $245,000 $0 2.67%
    TYLER, TX (FHA|USDA|VA) 1 $245,000 $245,000 $8,423 2.75%
    Ellensburg, WA (FHA|USDA|VA) 1 $245,000 $245,000 $0 3.04%
    Roseburg, OR (FHA|USDA|VA) 2 $240,000 $120,000 $0 2.71%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $240,000 $120,000 $0 2.86%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $235,000 $235,000 $0 3.08%
    MOBILE, AL (FHA|USDA|VA) 1 $235,000 $235,000 $4,901 3.63%
    Grenada, MS (FHA|USDA|VA) 1 $235,000 $235,000 $10,185 3.88%
    McComb, MS (FHA|USDA|VA) 2 $230,000 $115,000 $4,312 3.00%
    Weatherford, OK (FHA|USDA|VA) 1 $225,000 $225,000 $0 2.63%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $225,000 $225,000 $0 3.04%
    IDAHO FALLS, ID (FHA|USDA|VA) 1 $225,000 $225,000 $0 1.74%
    Astoria, OR (FHA|USDA|VA) 1 $225,000 $225,000 $0 2.71%
    Thomasville, GA (FHA|USDA|VA) 1 $225,000 $225,000 $2,481 2.75%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $220,000 $110,000 $0 2.56%
    Laurel, MS (FHA|USDA|VA) 2 $220,000 $110,000 $7,094 2.94%
    DOTHAN, AL (FHA|USDA|VA) 1 $215,000 $215,000 $7,953 3.25%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $215,000 $215,000 $0 2.31%
    Nacogdoches, TX (FHA|USDA|VA) 1 $215,000 $215,000 $9,900 3.88%
    YUMA, AZ (FHA|USDA|VA) 2 $210,000 $105,000 $0 2.50%
    Fort Leonard Wood, MO (FHA|USDA|VA) 1 $205,000 $205,000 $6,214 3.75%
    Cedar City, UT (FHA|USDA|VA) 1 $195,000 $195,000 $0 1.96%
    Washington, IN (FHA|USDA|VA) 1 $195,000 $195,000 $5,843 3.63%
    Oxford, MS (FHA|USDA|VA) 1 $195,000 $195,000 $4,919 3.25%
    Fort Morgan, CO (FHA|USDA|VA) 1 $195,000 $195,000 $3,178 2.99%
    Russellville, AR (FHA|USDA|VA) 2 $190,000 $95,000 $5,144 3.31%
    Easton, MD (FHA|USDA|VA) 1 $185,000 $185,000 $0 2.71%
    DUBUQUE, IA (FHA|USDA|VA) 1 $185,000 $185,000 $7,524 3.75%
    Cookeville, TN (FHA|USDA|VA) 1 $185,000 $185,000 $0 2.24%
    Jacksonville, TX (FHA|USDA|VA) 1 $185,000 $185,000 $7,839 2.75%
    Starkville, MS (FHA|USDA|VA) 1 $185,000 $185,000 $5,672 3.25%
    YAKIMA, WA (FHA|USDA|VA) 1 $185,000 $185,000 $0 2.00%
    JACKSON, TN (FHA|USDA|VA) 2 $180,000 $90,000 $1,566 2.62%
    Pierre, SD (FHA|USDA|VA) 1 $175,000 $175,000 $4,001 3.00%
    WILMINGTON, NC (FHA|USDA|VA) 1 $175,000 $175,000 $3,523 2.88%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $175,000 $175,000 $5,762 2.88%
    Crawfordsville, IN (FHA|USDA|VA) 1 $175,000 $175,000 $3,055 2.49%
    MONROE, LA (FHA|USDA|VA) 1 $175,000 $175,000 $1,819 2.75%
    LONGVIEW, WA (FHA|USDA|VA) 1 $175,000 $175,000 $0 2.30%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $175,000 $175,000 $0 2.96%
    Woodward, OK (FHA|USDA|VA) 2 $170,000 $85,000 $5,112 2.56%
    Laramie, WY (FHA|USDA|VA) 1 $165,000 $165,000 $6,772 2.63%
    LYNCHBURG, VA (FHA|USDA|VA) 1 $165,000 $165,000 $3,267 2.99%
    Bainbridge, GA (FHA|USDA|VA) 1 $165,000 $165,000 $5,114 2.88%
    ROME, GA (FHA|USDA|VA) 1 $165,000 $165,000 $0 2.32%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $165,000 $165,000 $0 1.79%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $155,000 $155,000 $2,543 3.50%
    Eufaula, AL-GA (FHA|USDA|VA) 1 $155,000 $155,000 $3,595 2.38%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.88%
    Lake City, FL (FHA|USDA|VA) 1 $155,000 $155,000 $10,046 3.25%
    Madison, IN (FHA|USDA|VA) 1 $155,000 $155,000 $6,848 3.75%
    Lufkin, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.63%
    Bogalusa, LA (FHA|USDA|VA) 1 $145,000 $145,000 $5,270 3.25%
    Borger, TX (FHA|USDA|VA) 1 $145,000 $145,000 $6,521 2.75%
    Freeport, IL (FHA|USDA|VA) 1 $145,000 $145,000 $0 2.18%
    Miami, OK (FHA|USDA|VA) 1 $135,000 $135,000 $5,566 3.13%
    LEBANON, PA (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.05%
    FARMINGTON, NM (FHA|USDA|VA) 1 $135,000 $135,000 $0 2.45%
    Pahrump, NV (FHA|USDA|VA) 1 $135,000 $135,000 $0 2.47%
    Butte-Silver Bow, MT (FHA|USDA|VA) 1 $135,000 $135,000 $4,747 2.25%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $135,000 $135,000 $0 2.80%
    Warrensburg, MO (FHA|USDA|VA) 1 $135,000 $135,000 $5,122 2.88%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 2.71%
    MONTGOMERY, AL (FHA|USDA|VA) 2 $130,000 $65,000 $4,599 4.13%
    SUMTER, SC (FHA|USDA|VA) 1 $125,000 $125,000 $5,554 3.63%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $125,000 $125,000 $0 2.30%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $125,000 $125,000 $2,369 3.13%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $125,000 $125,000 $0 2.02%
    ALBANY, GA (FHA|USDA|VA) 1 $115,000 $115,000 $5,895 2.88%
    Stillwater, OK (FHA|USDA|VA) 1 $115,000 $115,000 $4,727 3.13%
    Crossville, TN (FHA|USDA|VA) 1 $105,000 $105,000 $0 2.83%
    Lebanon, MO (FHA|USDA|VA) 1 $105,000 $105,000 $3,835 3.00%
    DANVILLE, IL (FHA|USDA|VA) 1 $105,000 $105,000 $4,149 3.25%
    Quincy, IL-MO (FHA|USDA|VA) 1 $105,000 $105,000 $3,054 3.75%
    Snyder, TX (FHA|USDA|VA) 1 $95,000 $95,000 $5,648 3.75%
    Clarksburg, WV (FHA|USDA|VA) 1 $95,000 $95,000 $1,315 2.50%
    Athens, TX (FHA|USDA|VA) 1 $95,000 $95,000 $4,034 3.63%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $95,000 $95,000 $1,234 2.75%
    Vincennes, IN (FHA|USDA|VA) 1 $95,000 $95,000 $4,690 3.13%
    Del Rio, TX (FHA|USDA|VA) 1 $95,000 $95,000 $5,794 3.63%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.07%
    DOVER, DE (FHA|USDA|VA) 1 $95,000 $95,000 $0 2.61%
    NILES, MI (FHA|USDA|VA) 1 $95,000 $95,000 $1,661 2.63%
    LaGrange, GA-AL (FHA|USDA|VA) 1 $95,000 $95,000 $5,311 2.75%
    Cedartown, GA (FHA|USDA|VA) 1 $95,000 $95,000 $0 2.45%
    TOPEKA, KS (FHA|USDA|VA) 1 $85,000 $85,000 $3,354 3.13%
    KANKAKEE, IL (FHA|USDA|VA) 1 $85,000 $85,000 $1,297 2.63%
    LAKE CHARLES, LA (FHA|USDA|VA) 1 $85,000 $85,000 $3,720 3.38%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $85,000 $85,000 $1,649 2.75%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 2.77%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $85,000 $85,000 $2,163 2.38%
    BECKLEY, WV (FHA|USDA|VA) 1 $75,000 $75,000 $0 2.45%
    Greenwood, MS (FHA|USDA|VA) 1 $75,000 $75,000 $3,802 3.00%
    Worthington, MN (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.25%
    DuBois, PA (FHA|USDA|VA) 1 $65,000 $65,000 $0 1.81%
    TOLEDO, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.11%
    Columbus, MS (FHA|USDA|VA) 1 $55,000 $55,000 $3,711 2.50%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $55,000 $55,000 $1,522 3.00%
    AMES, IA (FHA|USDA|VA) 1 $55,000 $55,000 $3,818 2.75%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $45,000 $45,000 $0 2.69%
    Minden, LA (FHA|USDA|VA) 1 $45,000 $45,000 $3,617 3.00%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $35,000 $35,000 $0 2.83%
    Oil City, PA (FHA|USDA|VA) 1 $25,000 $25,000 $0 1.97%
    Open Mortgage's top markets include Los Angeles, Dallas, San Diego, Tampa, and Riverside among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Mississippi (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.

    HNB National Bank
    Similarity Rank: 65
    GOLDEN PLAINS
    Similarity Rank: 136
    Los Angeles Federal Credit Union
    Similarity Rank: 170
    Members Mortgage Services, L.L.C.
    Similarity Rank: 220
    SKYWARD
    Similarity Rank: 240
    PANHANDLE FEDERAL CREDIT UNION
    Similarity Rank: 264
    MORTGAGE CLEARING CORPORATION
    Similarity Rank: 280
    RED CROWN
    Similarity Rank: 360
    Central National Bank
    Similarity Rank: 363
    FIRST COMMERCE CREDIT UNION
    Similarity Rank: 399

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,684 $668,250,000 $248,975 $4,403 3.07%
    FHA 2,257 $609,135,000 $269,887 $0 2.47%
    FHA 1,418 $295,750,000 $208,568 $7,891 3.09%
    USDA 503 $84,205,000 $167,406 $5,781 2.97%
    VA 424 $122,340,000 $288,538 $6,168 2.82%
    FHA 92 $31,160,000 $338,696 $0 3.23%
    Reverse Mortgage 48 $35,830,000 $746,458 $0 6.80%
    HELOC 47 $46,545,000 $990,319 n/a 5.39%

    For 2021, Open Mortgage's most frequently originated type of loan was Conventional, with 2,684 originations. Their 2nd most popular type was FHA, with 2,257 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,158 $721,760,000 $228,550 $6,385 3.13%
    Refi 3,024 $803,250,000 $265,625 $4,088 2.63%
    Cash Out Refi 1,221 $339,315,000 $277,899 $5,269 3.07%
    Other 64 $25,920,000 $405,000 $0 2.91%
    Home Improvement 6 $2,970,000 $495,000 $3,469 3.81%

    For 2021, Open Mortgage's most frequently cited loan purpose was Home Purchase, with 3,158 originations. The 2nd most popular reason was Refi, with 3,024 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,591 $1,085,525,000 $236,446 $5,839 3.09%
    Other 2,460 $726,080,000 $295,154 $3,532 2.64%
    15 Year 329 $63,335,000 $192,508 $3,941 2.55%
    20 Year 82 $17,080,000 $208,293 $4,057 2.84%
    10 Year 11 $1,195,000 $108,636 $3,431 2.57%

    For 2021, Open Mortgage's most frequently cited loan duration was 30 Year, with 4,591 originations. The 2nd most popular length was Other, with 2,460 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,214 $496,150,000 $224,097
    $<1k 1,124 $269,630,000 $239,884
    $2k-3k 863 $179,115,000 $207,549
    $3k-4k 402 $91,800,000 $228,358
    $5k+ 220 $80,990,000 $368,136
    $4k-5k 205 $52,635,000 $256,756

    Open Mortgage's average total fees were $5,839, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,214 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 3,090 $740,960,000 $239,793
    3-4% 2,318 $521,420,000 $224,944
    <2.5% 1,859 $525,615,000 $282,741
    4-5% 115 $27,085,000 $235,522
    5-6% 50 $48,840,000 $976,800
    6-7% 30 $21,420,000 $714,000
    7-8% 11 $7,875,000 $715,909

    During 2021, Open Mortgage's average interest rate for loans was 3.09%, while their most frequently originated rate bucket for loans was 2.5-3%, with 3,090 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,111 $866,045,000 $278,382 $6,198 2.86%
    $100k-200k 2,726 $417,220,000 $153,052 $5,001 2.94%
    $400k-600k 929 $440,395,000 $474,053 $7,100 2.70%
    $100,000 or less 567 $45,655,000 $80,520 $3,906 3.03%
    $600k-1MM 107 $79,195,000 $740,140 $11,514 4.50%
    $1MM+ 33 $44,705,000 $1,354,697 $16,360 4.99%

    2021 saw Open Mortgage place emphasis on $200k-400k loans with 3,111 originations, totaling $866,045,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 3,496 $827,930,000 $236,822 $5,051 2.77%
    $50k-75k 1,633 $357,885,000 $219,158 $5,655 3.05%
    $75k-100k 946 $241,970,000 $255,782 $5,809 3.03%
    $100k-150k 854 $266,220,000 $311,733 $6,318 3.03%
    $150k-250k 426 $151,820,000 $356,385 $5,928 3.09%
    $250k+ 75 $37,435,000 $499,133 $6,958 3.09%

    Open Mortgage lent most frequently to those with incomes in the $50k or less range, with 3,496 originations. The second most popular income band? $50k-75k, with 1,633 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 910 $208,640,000 $229,275 $5,356 3.06%
    20-30% 871 $188,755,000 $216,711 $4,815 3.01%
    50-60% 392 $92,020,000 $234,745 $8,154 2.99%
    42% 225 $55,755,000 $247,800 $5,843 3.12%
    <20% 220 $43,320,000 $196,909 $4,408 2.93%
    39% 217 $47,395,000 $218,410 $5,305 3.15%
    43% 214 $49,690,000 $232,196 $5,969 3.12%
    40% 208 $46,620,000 $224,135 $5,875 3.12%
    45% 183 $44,075,000 $240,847 $5,744 3.00%
    44% 182 $49,150,000 $270,055 $6,215 3.12%
    41% 178 $43,140,000 $242,360 $5,587 3.16%
    36% 173 $38,905,000 $224,884 $5,716 3.05%
    49% 172 $45,670,000 $265,523 $6,156 3.14%
    38% 168 $38,760,000 $230,714 $5,742 3.10%
    37% 155 $33,935,000 $218,935 $5,485 3.11%
    46% 141 $36,375,000 $257,979 $6,233 3.11%
    48% 139 $35,975,000 $258,813 $6,634 3.06%
    47% 108 $29,270,000 $271,019 $6,591 3.07%
    >60% 4 $1,120,000 $280,000 $6,184 2.91%

    Open Mortgage lent most frequently to those with DTI ratios of 30-36%, with 910 originations. The next most common DTI ratio? 20-30%, with 871 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,322 $1,326,650,000 $249,277 $5,464 2.90%
    Not provided 1,341 $335,785,000 $250,399 $6,069 2.99%
    Black 583 $155,975,000 $267,539 $6,582 2.81%
    Asian 165 $57,785,000 $350,212 $5,856 3.04%
    American Indian 46 $11,940,000 $259,565 $7,728 3.12%
    Native Hawaiian or Islander 13 $3,795,000 $291,923 $8,676 2.68%
    Other Pacific Islander 1 $475,000 $475,000 $0 3.18%
    Other Asian 1 $465,000 $465,000 $0 1.83%
    Filipino 1 $345,000 $345,000 $0 1.81%

    Approval Rates

    Total approvals of all applications
    96.11%

    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
    74.39%

    Open Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 7,473 $1,893,215,000 $253,341

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    7,473 $1,893,215,000 $253,341

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 150 $37,250,000 $248,333 $3,679 2.81%
    40-60% 2,116 $565,320,000 $267,164 $3,911 2.71%
    60-80% 2,011 $564,225,000 $280,569 $4,755 2.87%
    80-100% 2,997 $680,765,000 $227,149 $6,218 3.09%
    Over 100% 178 $41,680,000 $234,157 $8,996 2.99%
    Under 20% 13 $2,375,000 $182,692 $3,245 2.76%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    OPEN MORTGAGE LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 66.7%
    OPEN MORTGAGE LLC Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%