Open Mortgage Rates, Fees & Info

AUSTIN, TX

LEI: 549300CR5XDK0TP7I727

Tax ID: 83-0345906

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

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Open Mortgage is a small mortgage company specializing in Home Purchase and Refi loans. They have a a high proportion of FHA loans. Open Mortgage has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets include Los Angeles, Dallas, San Diego, Tampa, and Riverside among others. Open Mortgage has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Open Mortgage is typically an average fee lendor.


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 rate mortgage of loans were 3.09%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.06%.

Relative Fees

Open Mortgage 's average total fees for a 30 year fixed rate mortgage are $5,839.

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 $4,750.

Top Markets

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.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
FHA 3,767 $936,045,000 $248,486 $7,891 2.73%
Conventional 2,779 $750,625,000 $270,106 $4,403 3.17%
USDA 503 $84,205,000 $167,406 $5,781 2.97%
VA 424 $122,340,000 $288,538 $6,168 2.82%

For the 2021 period, Open Mortgage 's most frequently originated loan type of loans were FHA, with 3,767 originations. Their 2nd most popular type is Conventional, with 2,779 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average 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 the 2021, Open Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 3,158 originations. The 2nd most popular reason of loans were 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 the 2021, Open Mortgage 's most frequently cited loan length of loans were 30 Year, with 4,591 originations. The 2nd most popular length of loans were Other, with 2,460 originations.

Origination Fees

Origination Fee 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 607 $144,435,000 $237,949
$5k+ 220 $80,990,000 $368,136

$5,839 of loans were Open Mortgage 's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.09%, while their most frequently originated rate bucket of loans were 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 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
95.32%

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
70.66%

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%