Open Mortgage Rates, Fees & Info

AUSTIN, TX

LEI: 549300CR5XDK0TP7I727

Tax ID: 83-0345906

2.4 stars - out of 5 stars, based on 68 reviews

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

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Mortgage Data

Review & Overview

Open Mortgage is a small mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. They have a a high proportion of FHA loans. Open Mortgage has an average proportion of conventional 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, Jackson, Tampa, and Tulsa among others. We have data for 336 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 6.95% 5/28/23
30 Year Conventional Refi 6.69% 5/28/23
30 Year Cash-out Refi 6.92% 5/28/23
30 Year FHA Purchase 7.61% 5/28/23
30 Year FHA Refi 7.34% 5/28/23
30 Year VA Purchase 6.48% 5/28/23
30 Year VA Refi 5.55% 5/28/23
30 Year USDA Purchase 7.04% 5/28/23
15 Year Conventional Purchase 6.25% 5/28/23
15 Year Conventional Refi 6.09% 5/28/23
15 Year Cash-out Refi 6.09% 5/28/23
15 Year FHA Purchase 7.28% 5/28/23
15 Year FHA Refi 7.74% 5/28/23
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

4,626

Origination Dollar Volume (All Markets)

$1,221,680,000
Show all (17) awards

Relative Rate

Open Mortgage's average 30 year fixed mortgage rate was 5.07%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.31%.

Relative Fees (Closing Costs)

Open Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $8,185.

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) 228 $115,190,000 $505,219 $9,209 4.68%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 230 $68,660,000 $298,522 $9,244 4.98%
JACKSON, MS (FHA|USDA|VA) 251 $54,115,000 $215,598 $8,435 5.08%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 198 $52,860,000 $266,970 $8,366 4.97%
Outside of Metro Areas 258 $49,150,000 $190,504 $7,586 5.08%
TULSA, OK (FHA|USDA|VA) 213 $47,115,000 $221,197 $8,172 4.81%
KANSAS CITY, MO-KS (FHA|USDA|VA) 185 $46,515,000 $251,432 $6,791 5.20%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 133 $42,785,000 $321,692 $11,472 4.28%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 95 $40,975,000 $431,316 $5,811 4.41%
WICHITA, KS (FHA|USDA|VA) 209 $40,135,000 $192,033 $5,695 5.06%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 44 $37,210,000 $845,682 $13,778 5.89%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 153 $36,175,000 $236,438 $7,920 4.64%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 56 $35,890,000 $640,893 $11,287 5.10%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 133 $27,795,000 $208,985 $8,240 5.17%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 93 $25,075,000 $269,624 $9,682 5.01%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 92 $22,160,000 $240,870 $7,514 4.75%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 68 $21,970,000 $323,088 $5,471 4.69%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 79 $19,915,000 $252,089 $9,383 5.09%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 55 $16,765,000 $304,818 $8,754 4.72%
CEDAR RAPIDS, IA (FHA|USDA|VA) 70 $12,070,000 $172,429 $8,135 5.37%
JACKSONVILLE, FL (FHA|USDA|VA) 44 $11,700,000 $265,909 $7,341 5.14%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 56 $11,350,000 $202,679 $8,060 5.24%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 37 $11,285,000 $305,000 $7,308 4.54%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 51 $10,765,000 $211,078 $12,108 5.28%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 32 $10,420,000 $325,625 $6,077 4.95%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 23 $10,205,000 $443,696 $16,714 5.35%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 30 $9,050,000 $301,667 $9,522 4.34%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 15 $8,065,000 $537,667 $9,028 4.50%
ABILENE, TX (FHA|USDA|VA) 40 $7,830,000 $195,750 $7,098 4.89%
OKLAHOMA CITY, OK (FHA|USDA|VA) 31 $7,715,000 $248,871 $8,946 5.15%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 36 $7,510,000 $208,611 $11,509 4.67%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 31 $7,245,000 $233,710 $16,576 5.03%
Hutchinson, KS (FHA|USDA|VA) 47 $7,175,000 $152,660 $5,176 5.10%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 26 $7,110,000 $273,462 $19,670 4.17%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 28 $6,730,000 $240,357 $8,142 4.87%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 36 $6,510,000 $180,833 $8,390 4.86%
PANAMA CITY, FL (FHA|USDA|VA) 16 $5,200,000 $325,000 $8,761 5.15%
VALDOSTA, GA (FHA|USDA|VA) 25 $5,185,000 $207,400 $8,222 4.56%
RAPID CITY, SD (FHA|USDA|VA) 19 $5,115,000 $269,211 $9,219 4.89%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 20 $4,880,000 $244,000 $10,371 5.13%
McAlester, OK (FHA|USDA|VA) 28 $4,810,000 $171,786 $7,242 4.91%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 22 $4,620,000 $210,000 $13,077 5.39%
Brownwood, TX (FHA|USDA|VA) 21 $4,435,000 $211,190 $8,387 5.12%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 16 $4,420,000 $276,250 $10,411 4.87%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 20 $4,300,000 $215,000 $10,361 4.94%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 18 $4,240,000 $235,556 $0 4.88%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 21 $3,715,000 $176,905 $0 4.55%
VALLEJO, CA (FHA|USDA|VA) 9 $3,675,000 $408,333 $13,341 4.81%
COLORADO SPRINGS, CO (FHA|USDA|VA) 12 $3,530,000 $294,167 $10,931 4.97%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 15 $3,505,000 $233,667 $12,643 5.34%
Durango, CO (FHA|USDA|VA) 8 $3,360,000 $420,000 $0 5.00%
Bartlesville, OK (FHA|USDA|VA) 21 $3,355,000 $159,762 $9,170 5.64%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 15 $3,125,000 $208,333 $10,528 4.64%
STOCKTON, CA (FHA|USDA|VA) 12 $3,120,000 $260,000 $0 4.85%
Tahlequah, OK (FHA|USDA|VA) 19 $3,105,000 $163,421 $8,902 5.02%
BEND, OR (FHA|USDA|VA) 11 $2,965,000 $269,545 $0 3.58%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 11 $2,895,000 $263,182 $0 4.38%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 13 $2,885,000 $221,923 $0 4.62%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 14 $2,880,000 $205,714 $7,378 4.88%
OCALA, FL (FHA|USDA|VA) 14 $2,830,000 $202,143 $7,417 4.61%
RENO, NV (FHA|USDA|VA) 3 $2,795,000 $931,667 $3,727 7.12%
Vicksburg, MS (FHA|USDA|VA) 17 $2,775,000 $163,235 $7,202 4.92%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 14 $2,760,000 $197,143 $9,903 4.17%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 13 $2,745,000 $211,154 $11,378 5.36%
FRESNO, CA (FHA|USDA|VA) 11 $2,735,000 $248,636 $0 4.54%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 17 $2,695,000 $158,529 $5,367 5.64%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 9 $2,645,000 $293,889 $9,248 5.06%
COLUMBUS, GA-AL (FHA|USDA|VA) 10 $2,620,000 $262,000 $9,589 5.10%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 12 $2,520,000 $210,000 $0 4.16%
BOISE CITY, ID (FHA|USDA|VA) 13 $2,505,000 $192,692 $0 4.49%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 5 $2,425,000 $485,000 $0 3.43%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 13 $2,295,000 $176,538 $7,770 5.22%
KNOXVILLE, TN (FHA|USDA|VA) 11 $2,125,000 $193,182 $10,481 5.37%
MUNCIE, IN (FHA|USDA|VA) 15 $2,075,000 $138,333 $7,274 5.08%
SALEM, OR (FHA|USDA|VA) 10 $2,060,000 $206,000 $0 4.45%
Winfield, KS (FHA|USDA|VA) 16 $2,040,000 $127,500 $6,139 4.99%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 10 $1,990,000 $199,000 $8,708 5.11%
PUNTA GORDA, FL (FHA|USDA|VA) 7 $1,975,000 $282,143 $10,404 4.66%
TUCSON, AZ (FHA|USDA|VA) 11 $1,945,000 $176,818 $14,051 4.05%
Muskogee, OK (FHA|USDA|VA) 9 $1,805,000 $200,556 $7,308 4.99%
PORT ST. LUCIE, FL (FHA|USDA|VA) 9 $1,785,000 $198,333 $0 5.16%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 6 $1,690,000 $281,667 $8,171 5.62%
BELLINGHAM, WA (FHA|USDA|VA) 5 $1,635,000 $327,000 $0 4.89%
MODESTO, CA (FHA|USDA|VA) 7 $1,615,000 $230,714 $8,109 4.14%
REDDING, CA (FHA|USDA|VA) 7 $1,615,000 $230,714 $6,984 4.01%
SALINAS, CA (FHA|USDA|VA) 4 $1,560,000 $390,000 $0 5.17%
SALT LAKE CITY, UT (FHA|USDA|VA) 5 $1,555,000 $311,000 $0 4.19%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 7 $1,545,000 $220,714 $0 3.74%
RALEIGH-CARY, NC (FHA|USDA|VA) 4 $1,500,000 $375,000 $8,741 3.94%
COLUMBIA, SC (FHA|USDA|VA) 7 $1,455,000 $207,857 $7,235 4.89%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 3 $1,425,000 $475,000 $0 5.20%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 6 $1,420,000 $236,667 $10,411 4.56%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $1,390,000 $231,667 $9,647 4.80%
Oak Harbor, WA (FHA|USDA|VA) 2 $1,370,000 $685,000 $0 6.33%
IOWA CITY, IA (FHA|USDA|VA) 7 $1,365,000 $195,000 $8,436 5.52%
COLUMBUS, OH (FHA|USDA|VA) 8 $1,280,000 $160,000 $3,623 6.22%
WILMINGTON, NC (FHA|USDA|VA) 4 $1,260,000 $315,000 $11,910 4.59%
Newport, OR (FHA|USDA|VA) 4 $1,250,000 $312,500 $0 5.58%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 5 $1,235,000 $247,000 $9,994 4.83%
BATON ROUGE, LA (FHA|USDA|VA) 6 $1,230,000 $205,000 $6,966 5.21%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 5 $1,205,000 $241,000 $6,328 5.74%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 6 $1,200,000 $200,000 $0 4.14%
Granbury, TX (FHA|USDA|VA) 4 $1,190,000 $297,500 $14,357 5.58%
FORT SMITH, AR-OK (FHA|USDA|VA) 8 $1,170,000 $146,250 $6,004 5.70%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 5 $1,135,000 $227,000 $0 4.43%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $1,125,000 $375,000 $0 4.07%
YUBA CITY, CA (FHA|USDA|VA) 4 $1,110,000 $277,500 $0 5.49%
CASPER, WY (FHA|USDA|VA) 4 $1,100,000 $275,000 $6,515 5.64%
Branson, MO (FHA|USDA|VA) 3 $1,095,000 $365,000 $9,584 5.46%
PITTSBURGH, PA (FHA|USDA|VA) 7 $1,085,000 $155,000 $0 5.17%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,025,000 $341,667 $0 4.57%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $1,025,000 $341,667 $11,574 5.33%
MOBILE, AL (FHA|USDA|VA) 5 $1,015,000 $203,000 $8,985 5.18%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 6 $1,010,000 $168,333 $9,334 5.46%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 3 $995,000 $331,667 $0 3.38%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $975,000 $325,000 $9,788 4.65%
Key West, FL (FHA|USDA|VA) 2 $930,000 $465,000 $0 6.18%
Payson, AZ (FHA|USDA|VA) 3 $925,000 $308,333 $0 3.98%
Port Angeles, WA (FHA|USDA|VA) 3 $925,000 $308,333 $9,729 4.03%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $915,000 $305,000 $8,364 5.34%
MEDFORD, OR (FHA|USDA|VA) 5 $905,000 $181,000 $0 3.91%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 4 $900,000 $225,000 $0 3.87%
Crawfordsville, IN (FHA|USDA|VA) 3 $895,000 $298,333 $4,369 5.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 4 $880,000 $220,000 $9,318 6.12%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $870,000 $435,000 $0 6.63%
LONGVIEW, TX (FHA|USDA|VA) 4 $860,000 $215,000 $9,944 5.34%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 5 $855,000 $171,000 $6,597 5.35%
MADERA, CA (FHA|USDA|VA) 4 $850,000 $212,500 $0 4.80%
LONGVIEW, WA (FHA|USDA|VA) 4 $850,000 $212,500 $0 4.48%
Ponca City, OK (FHA|USDA|VA) 7 $835,000 $119,286 $7,941 6.14%
Coffeyville, KS (FHA|USDA|VA) 7 $815,000 $116,429 $6,078 5.91%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $800,000 $200,000 $7,022 4.04%
Mount Pleasant, TX (FHA|USDA|VA) 4 $790,000 $197,500 $8,282 4.03%
VICTORIA, TX (FHA|USDA|VA) 2 $790,000 $395,000 $7,369 3.56%
ALBUQUERQUE, NM (FHA|USDA|VA) 3 $785,000 $261,667 $21,753 4.24%
GRANTS PASS, OR (FHA|USDA|VA) 3 $785,000 $261,667 $0 3.50%
FARGO, ND-MN (FHA|USDA|VA) 6 $750,000 $125,000 $5,046 5.75%
ODESSA, TX (FHA|USDA|VA) 4 $740,000 $185,000 $7,790 4.75%
Cañon City, CO (FHA|USDA|VA) 3 $725,000 $241,667 $7,881 3.60%
FLAGSTAFF, AZ (FHA|USDA|VA) 2 $720,000 $360,000 $0 4.92%
ALBANY-LEBANON, OR (FHA|USDA|VA) 3 $715,000 $238,333 $0 4.11%
Rockport, TX (FHA|USDA|VA) 1 $715,000 $715,000 $21,576 6.63%
PUEBLO, CO (FHA|USDA|VA) 4 $710,000 $177,500 $8,185 5.81%
Shelton, WA (FHA|USDA|VA) 2 $700,000 $350,000 $0 6.41%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $695,000 $695,000 $0 3.55%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 4 $690,000 $172,500 $8,251 4.72%
Emporia, KS (FHA|USDA|VA) 3 $685,000 $228,333 $5,372 4.50%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 3 $675,000 $225,000 $0 5.19%
ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $670,000 $167,500 $6,482 5.72%
Charleston-Mattoon, IL (FHA|USDA|VA) 6 $670,000 $111,667 $6,084 4.83%
Glenwood Springs, CO (FHA|USDA|VA) 1 $655,000 $655,000 $0 10.24%
THE VILLAGES, FL (FHA|USDA|VA) 3 $655,000 $218,333 $10,296 6.00%
ENID, OK (FHA|USDA|VA) 2 $650,000 $325,000 $6,880 4.31%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $645,000 $645,000 $9,219 3.63%
Marshalltown, IA (FHA|USDA|VA) 3 $635,000 $211,667 $9,939 4.92%
FORT COLLINS, CO (FHA|USDA|VA) 2 $630,000 $315,000 $0 4.92%
MERCED, CA (FHA|USDA|VA) 2 $630,000 $315,000 $10,297 5.56%
Roseburg, OR (FHA|USDA|VA) 3 $625,000 $208,333 $0 5.36%
Meridian, MS (FHA|USDA|VA) 4 $620,000 $155,000 $7,234 4.88%
SAN ANGELO, TX (FHA|USDA|VA) 2 $620,000 $310,000 $7,492 5.44%
BAKERSFIELD, CA (FHA|USDA|VA) 4 $620,000 $155,000 $0 6.74%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $605,000 $201,667 $0 4.80%
TYLER, TX (FHA|USDA|VA) 4 $600,000 $150,000 $6,299 5.69%
GREELEY, CO (FHA|USDA|VA) 3 $595,000 $198,333 $0 3.84%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 3 $595,000 $198,333 $14,368 4.21%
New Castle, IN (FHA|USDA|VA) 4 $580,000 $145,000 $6,589 5.37%
Klamath Falls, OR (FHA|USDA|VA) 3 $575,000 $191,667 $0 4.98%
BILLINGS, MT (FHA|USDA|VA) 4 $570,000 $142,500 $0 5.46%
Norfolk, NE (FHA|USDA|VA) 3 $565,000 $188,333 $4,778 4.71%
Show Low, AZ (FHA|USDA|VA) 3 $555,000 $185,000 $10,589 5.66%
MIDLAND, TX (FHA|USDA|VA) 2 $550,000 $275,000 $7,084 5.56%
HUNTSVILLE, AL (FHA|USDA|VA) 5 $545,000 $109,000 $0 5.63%
Greensburg, IN (FHA|USDA|VA) 2 $540,000 $270,000 $9,908 6.50%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $535,000 $535,000 $7,208 5.50%
WACO, TX (FHA|USDA|VA) 4 $530,000 $132,500 $0 3.91%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 3 $525,000 $175,000 $9,702 4.71%
Aberdeen, WA (FHA|USDA|VA) 2 $520,000 $260,000 $0 5.36%
Red Bluff, CA (FHA|USDA|VA) 2 $520,000 $260,000 $0 3.76%
Ukiah, CA (FHA|USDA|VA) 1 $515,000 $515,000 $10,973 5.50%
Paris, TX (FHA|USDA|VA) 2 $510,000 $255,000 $7,573 5.13%
GRAND JUNCTION, CO (FHA|USDA|VA) 3 $505,000 $168,333 $0 6.88%
BOULDER, CO (FHA|USDA|VA) 2 $500,000 $250,000 $0 4.01%
Spearfish, SD (FHA|USDA|VA) 3 $495,000 $165,000 $5,834 4.07%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $485,000 $485,000 $15,628 6.13%
Gainesville, TX (FHA|USDA|VA) 1 $485,000 $485,000 $5,753 5.49%
LANCASTER, PA (FHA|USDA|VA) 3 $485,000 $161,667 $0 3.91%
Outside of Metro Areas 2 $480,000 $240,000 $0 5.05%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 2 $470,000 $235,000 $9,518 4.08%
KOKOMO, IN (FHA|USDA|VA) 3 $455,000 $151,667 $7,211 4.75%
HAMMOND, LA (FHA|USDA|VA) 2 $450,000 $225,000 $9,029 4.44%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $445,000 $445,000 $0 2.66%
Ellensburg, WA (FHA|USDA|VA) 1 $445,000 $445,000 $0 7.35%
SAVANNAH, GA (FHA|USDA|VA) 1 $425,000 $425,000 $24,653 5.13%
Madison, IN (FHA|USDA|VA) 3 $425,000 $141,667 $7,185 4.33%
Georgetown, SC (FHA|USDA|VA) 1 $425,000 $425,000 $17,681 5.13%
Prineville, OR (FHA|USDA|VA) 2 $420,000 $210,000 $0 4.70%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $420,000 $210,000 $0 5.02%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $420,000 $210,000 $8,115 4.48%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 3 $415,000 $138,333 $0 4.80%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 2 $410,000 $205,000 $9,630 5.69%
Salina, KS (FHA|USDA|VA) 1 $405,000 $405,000 $6,054 5.13%
Milledgeville, GA (FHA|USDA|VA) 1 $395,000 $395,000 $0 2.58%
Centralia, WA (FHA|USDA|VA) 1 $385,000 $385,000 $0 3.43%
Clearlake, CA (FHA|USDA|VA) 2 $380,000 $190,000 $0 3.43%
North Wilkesboro, NC (FHA|USDA|VA) 1 $375,000 $375,000 $3,873 3.13%
Shawnee, OK (FHA|USDA|VA) 2 $370,000 $185,000 $7,510 6.44%
ASHEVILLE, NC (FHA|USDA|VA) 1 $365,000 $365,000 $4,431 5.38%
CHICO, CA (FHA|USDA|VA) 1 $365,000 $365,000 $0 2.48%
Connersville, IN (FHA|USDA|VA) 2 $360,000 $180,000 $8,498 6.19%
Durant, OK (FHA|USDA|VA) 2 $360,000 $180,000 $9,504 6.25%
Athens, TX (FHA|USDA|VA) 2 $350,000 $175,000 $8,177 5.06%
Orangeburg, SC (FHA|USDA|VA) 1 $345,000 $345,000 $12,374 5.88%
Bonham, TX (FHA|USDA|VA) 2 $340,000 $170,000 $7,172 5.88%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 2 $340,000 $170,000 $8,114 5.31%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $340,000 $170,000 $0 3.59%
BRUNSWICK, GA (FHA|USDA|VA) 1 $335,000 $335,000 $0 4.14%
Fallon, NV (FHA|USDA|VA) 1 $335,000 $335,000 $0 3.46%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $330,000 $165,000 $0 5.44%
McComb, MS (FHA|USDA|VA) 2 $330,000 $165,000 $8,769 5.13%
YAKIMA, WA (FHA|USDA|VA) 2 $330,000 $165,000 $0 4.19%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $320,000 $160,000 $0 4.70%
WARNER ROBINS, GA (FHA|USDA|VA) 2 $320,000 $160,000 $9,416 6.50%
GAINESVILLE, FL (FHA|USDA|VA) 2 $320,000 $160,000 $4,314 7.15%
Moses Lake, WA (FHA|USDA|VA) 1 $315,000 $315,000 $0 2.86%
SPARTANBURG, SC (FHA|USDA|VA) 1 $315,000 $315,000 $0 3.59%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 2 $310,000 $155,000 $5,320 3.03%
SALISBURY, MD-DE (FHA|USDA|VA) 2 $310,000 $155,000 $3,881 5.83%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $310,000 $155,000 $7,144 4.50%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $310,000 $155,000 $6,800 4.25%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $305,000 $305,000 $5,193 7.00%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $295,000 $295,000 $0 4.31%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $285,000 $285,000 $0 5.86%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $285,000 $285,000 $0 5.75%
Moscow, ID (FHA|USDA|VA) 1 $285,000 $285,000 $0 4.40%
CORVALLIS, OR (FHA|USDA|VA) 1 $275,000 $275,000 $0 4.75%
Bay City, TX (FHA|USDA|VA) 1 $275,000 $275,000 $18,167 4.50%
Corsicana, TX (FHA|USDA|VA) 1 $275,000 $275,000 $7,935 6.75%
LOUISVILLE, KY (FHA|USDA|VA) 1 $275,000 $275,000 $14,166 3.00%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 2 $270,000 $135,000 $7,357 4.75%
AMARILLO, TX (FHA|USDA|VA) 2 $270,000 $135,000 $0 4.10%
Lake City, FL (FHA|USDA|VA) 1 $265,000 $265,000 $0 2.48%
Corinth, MS (FHA|USDA|VA) 1 $265,000 $265,000 $4,890 3.25%
Snyder, TX (FHA|USDA|VA) 2 $260,000 $130,000 $6,317 4.13%
GAINESVILLE, GA (FHA|USDA|VA) 2 $260,000 $130,000 $0 5.90%
Sulphur Springs, TX (FHA|USDA|VA) 1 $255,000 $255,000 $13,202 5.75%
Crossville, TN (FHA|USDA|VA) 2 $250,000 $125,000 $0 4.82%
LAWRENCE, KS (FHA|USDA|VA) 1 $245,000 $245,000 $11,462 3.00%
Fairfield, IA (FHA|USDA|VA) 1 $245,000 $245,000 $12,592 4.75%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $245,000 $81,667 $0 4.98%
DOVER, DE (FHA|USDA|VA) 2 $240,000 $120,000 $0 6.05%
Adrian, MI (FHA|USDA|VA) 1 $235,000 $235,000 $7,875 4.88%
LUBBOCK, TX (FHA|USDA|VA) 1 $235,000 $235,000 $9,770 4.25%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $230,000 $115,000 $4,091 5.51%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $225,000 $225,000 $0 3.32%
Sonora, CA (FHA|USDA|VA) 1 $225,000 $225,000 $0 2.91%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $225,000 $225,000 $0 6.57%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $225,000 $225,000 $13,472 6.13%
Great Bend, KS (FHA|USDA|VA) 1 $225,000 $225,000 $10,858 5.63%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $220,000 $110,000 $0 4.32%
Morgan City, LA (FHA|USDA|VA) 1 $215,000 $215,000 $11,179 5.99%
Ardmore, OK (FHA|USDA|VA) 1 $215,000 $215,000 $10,097 6.75%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $210,000 $105,000 $0 6.21%
Warsaw, IN (FHA|USDA|VA) 1 $205,000 $205,000 $3,758 3.75%
WENATCHEE, WA (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.04%
LOGAN, UT-ID (FHA|USDA|VA) 1 $205,000 $205,000 $0 2.62%
MANHATTAN, KS (FHA|USDA|VA) 1 $205,000 $205,000 $8,001 5.75%
Red Wing, MN (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.36%
TERRE HAUTE, IN (FHA|USDA|VA) 2 $200,000 $100,000 $5,492 6.69%
HATTIESBURG, MS (FHA|USDA|VA) 2 $200,000 $100,000 $7,367 5.69%
LaGrange, GA-AL (FHA|USDA|VA) 1 $195,000 $195,000 $5,066 4.63%
ROME, GA (FHA|USDA|VA) 1 $195,000 $195,000 $7,910 5.75%
Easton, MD (FHA|USDA|VA) 1 $195,000 $195,000 $0 2.75%
MONROE, MI (FHA|USDA|VA) 1 $195,000 $195,000 $0 3.68%
Ontario, OR-ID (FHA|USDA|VA) 1 $195,000 $195,000 $0 5.57%
YUMA, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.99%
ALBANY, GA (FHA|USDA|VA) 1 $185,000 $185,000 $0 6.25%
Muscatine, IA (FHA|USDA|VA) 1 $185,000 $185,000 $11,485 4.75%
Dayton, TN (FHA|USDA|VA) 1 $185,000 $185,000 $0 5.21%
GREENVILLE, NC (FHA|USDA|VA) 1 $185,000 $185,000 $9,978 5.49%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $185,000 $185,000 $0 7.06%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.08%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.44%
Washington, IN (FHA|USDA|VA) 1 $165,000 $165,000 $0 7.07%
DALTON, GA (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.21%
ST. CLOUD, MN (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.80%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $165,000 $165,000 $0 6.54%
JOPLIN, MO (FHA|USDA|VA) 1 $165,000 $165,000 $10,036 5.13%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $165,000 $165,000 $7,444 7.13%
Newport, TN (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.91%
Miami, OK (FHA|USDA|VA) 1 $155,000 $155,000 $7,635 4.63%
Marion, IN (FHA|USDA|VA) 1 $155,000 $155,000 $5,386 5.99%
The Dalles, OR (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.63%
Wooster, OH (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.71%
McPherson, KS (FHA|USDA|VA) 1 $145,000 $145,000 $8,003 6.00%
Burley, ID (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.30%
ROCHESTER, MN (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.30%
Starkville, MS (FHA|USDA|VA) 1 $145,000 $145,000 $4,265 7.13%
Astoria, OR (FHA|USDA|VA) 1 $145,000 $145,000 $0 5.62%
Greenwood, MS (FHA|USDA|VA) 1 $135,000 $135,000 $6,709 5.25%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.54%
Sevierville, TN (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.71%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.10%
STAUNTON, VA (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.23%
Poplar Bluff, MO (FHA|USDA|VA) 1 $135,000 $135,000 $475 3.75%
AMES, IA (FHA|USDA|VA) 1 $135,000 $135,000 $4,463 5.99%
Thomasville, GA (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.46%
Scottsboro, AL (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.07%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.74%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.18%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $125,000 $125,000 $7,893 5.75%
Arcadia, FL (FHA|USDA|VA) 1 $125,000 $125,000 $6,430 3.50%
Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.19%
Elk City, OK (FHA|USDA|VA) 1 $115,000 $115,000 $5,188 5.99%
Shelbyville, TN (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.65%
Garden City, KS (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.24%
Dublin, GA (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.64%
Palatka, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.32%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.55%
Greenwood, SC (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.57%
Sunbury, PA (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.99%
Shelby, NC (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.86%
Scottsburg, IN (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.53%
Brookhaven, MS (FHA|USDA|VA) 1 $95,000 $95,000 $6,517 4.38%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.94%
Jefferson, GA (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.64%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.36%
Logansport, IN (FHA|USDA|VA) 1 $95,000 $95,000 $5,031 4.50%
Marshall, MO (FHA|USDA|VA) 1 $85,000 $85,000 $4,939 5.75%
Auburn, IN (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.52%
Stillwater, OK (FHA|USDA|VA) 1 $85,000 $85,000 $5,453 7.49%
Huntingdon, PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.54%
MONTGOMERY, AL (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.11%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.36%
LINCOLN, NE (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.63%
Pittsburg, KS (FHA|USDA|VA) 1 $55,000 $55,000 $3,478 3.75%
OWENSBORO, KY (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.38%
Open Mortgage's top markets include Los Angeles, Dallas, Jackson, Tampa, and Tulsa among others.

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

    HNB National Bank
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    GOLDEN PLAINS
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    RED CROWN
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    MORTGAGE CLEARING CORPORATION
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    HOME BANK AND TRUST COMPANY
    Similarity Rank: 280

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 1,782 $471,060,000 $264,343 $0 4.63%
    Conventional 1,178 $308,400,000 $261,800 $6,497 5.03%
    FHA 1,043 $228,305,000 $218,893 $9,994 5.08%
    USDA 281 $48,015,000 $170,872 $7,686 5.01%
    VA 231 $68,585,000 $296,905 $8,379 4.95%
    Reverse Mortgage 50 $52,200,000 $1,044,000 $0 8.10%
    HELOC 39 $37,785,000 $968,846 n/a 7.72%
    FHA 22 $7,330,000 $333,182 $0 4.55%

    For 2022, Open Mortgage's most frequently originated type of loan was FHA, with 1,782 originations. Their 2nd most popular type was Conventional, with 1,178 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,377 $562,055,000 $236,456 $8,250 5.16%
    Refi 1,181 $367,025,000 $310,775 $6,353 4.25%
    Cash Out Refi 998 $267,320,000 $267,856 $7,742 5.19%
    Other 56 $19,650,000 $350,893 $0 5.11%
    Home Improvement 14 $5,630,000 $402,143 $0 5.29%

    For 2022, Open Mortgage's most frequently cited loan purpose was Home Purchase, with 2,377 originations. The 2nd most popular reason was Refi, with 1,181 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,656 $638,980,000 $240,580 $8,185 5.07%
    Other 1,896 $568,690,000 $299,942 $8,144 4.78%
    15 Year 52 $10,180,000 $195,769 $5,294 3.83%
    20 Year 18 $3,520,000 $195,556 $6,568 4.66%
    10 Year 4 $310,000 $77,500 $3,618 3.41%

    For 2022, Open Mortgage's most frequently cited loan duration was 30 Year, with 2,656 originations. The 2nd most popular length was Other, with 1,896 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 645 $198,955,000 $308,457
    $1k-2k 570 $132,270,000 $232,053
    $2k-3k 466 $89,200,000 $191,416
    $3k-4k 465 $98,325,000 $211,452
    $4k-5k 356 $79,730,000 $223,961
    $<1k 230 $54,160,000 $235,478

    Open Mortgage's average total fees were $8,185, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 645 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 1,373 $335,775,000 $244,556
    4-5% 1,068 $279,460,000 $261,667
    3-4% 1,037 $274,535,000 $264,740
    6-7% 598 $147,600,000 $246,823
    2.5-3% 214 $64,030,000 $299,206
    7-8% 204 $57,850,000 $283,578
    <2.5% 67 $19,735,000 $294,552
    Over 8% 48 $39,470,000 $822,292
    % 13 $2,275,000 $175,000

    During 2022, Open Mortgage's average interest rate for loans was 5.07%, while their most frequently originated rate bucket for loans was 5-6%, with 1,373 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,986 $551,860,000 $277,875 $9,124 4.82%
    $100k-200k 1,648 $251,100,000 $152,367 $6,756 5.05%
    $400k-600k 528 $250,840,000 $475,076 $10,939 4.56%
    $100,000 or less 306 $24,420,000 $79,804 $4,997 5.15%
    $600k-1MM 123 $85,565,000 $695,650 $11,240 5.62%
    $1MM+ 35 $57,895,000 $1,654,143 $27,018 7.27%

    2022 saw Open Mortgage place emphasis on $200k-400k loans with 1,986 originations, totaling $551,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 2,258 $558,680,000 $247,422 $6,668 4.77%
    $50k-75k 944 $214,780,000 $227,521 $7,642 5.04%
    $75k-100k 570 $148,290,000 $260,158 $8,715 5.07%
    $100k-150k 533 $175,795,000 $329,822 $9,202 5.13%
    $150k-250k 246 $87,440,000 $355,447 $8,764 5.20%
    $250k+ 58 $30,070,000 $518,448 $10,537 5.33%

    Open Mortgage lent most frequently to those with incomes in the $50k or less range, with 2,258 originations. The second most popular income band? $50k-75k, with 944 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 419 $90,365,000 $215,668 $7,170 5.01%
    50-60% 357 $90,185,000 $252,619 $10,197 5.01%
    20-30% 321 $66,285,000 $206,495 $6,358 4.88%
    49% 146 $36,680,000 $251,233 $8,871 5.23%
    40% 127 $28,955,000 $227,992 $8,326 5.09%
    39% 125 $31,415,000 $251,320 $7,937 4.99%
    41% 119 $31,465,000 $264,412 $8,494 5.04%
    48% 119 $30,145,000 $253,319 $8,628 5.20%
    38% 115 $23,635,000 $205,522 $7,326 5.07%
    44% 115 $28,645,000 $249,087 $7,919 5.00%
    47% 113 $30,255,000 $267,743 $8,663 5.14%
    42% 108 $28,380,000 $262,778 $8,360 4.92%
    46% 106 $28,520,000 $269,057 $8,833 5.07%
    43% 104 $26,080,000 $250,769 $8,254 5.23%
    37% 94 $24,280,000 $258,298 $7,985 4.99%
    45% 89 $22,555,000 $253,427 $8,929 5.27%
    36% 84 $18,830,000 $224,167 $7,944 5.11%
    <20% 55 $10,395,000 $189,000 $5,612 4.59%
    >60% 11 $4,005,000 $364,091 $8,983 5.70%

    Open Mortgage lent most frequently to those with DTI ratios of 30-36%, with 419 originations. The next most common DTI ratio? 50-60%, with 357 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,200 $853,370,000 $266,678 $7,957 4.94%
    Not provided 713 $186,585,000 $261,690 $8,223 4.83%
    Black 589 $146,075,000 $248,005 $8,883 5.00%
    Asian 68 $23,070,000 $339,265 $7,919 5.08%
    American Indian 49 $10,255,000 $209,286 $8,092 5.12%
    Native Hawaiian or Islander 4 $1,170,000 $292,500 $8,552 5.13%
    Filipino 2 $720,000 $360,000 $0 2.75%
    Chinese 1 $435,000 $435,000 $0 2.37%

    Approval Rates

    Total approvals of all applications
    95.28%

    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
    61.52%

    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 4,626 $1,221,680,000 $264,090

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4,626 $1,221,680,000 $264,090

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 167 $45,965,000 $275,240 $5,038 5.76%
    40-60% 1,560 $433,010,000 $277,571 $6,019 4.82%
    60-80% 810 $243,840,000 $301,037 $7,288 4.56%
    80-100% 1,922 $462,610,000 $240,692 $8,391 5.11%
    Over 100% 159 $33,835,000 $212,799 $9,764 4.97%
    Under 20% 6 $1,870,000 $311,667 $3,309 3.98%