Open Mortgage Rates, Fees & Info
AUSTIN, TXLEI: 549300CR5XDK0TP7I727
Tax ID: 83-0345906
5 stars - Updated: 12/16/24
-
out of 5 stars, based on 54 reviews
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Open Mortgage is a smaller mortgage company specializing in Home Purchase loans. Open Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have an average proportion of FHA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Dallas, Jackson, Tulsa, Wichita, and Kansas City among others. We have data for 277 markets. (Some data included below & more in-depth data is available with an active subscription.)Open Mortgage has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Open Mortgage is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.95% | 12/16/24 |
| 30 Year Conventional Refi | 6.69% | 12/16/24 |
| 30 Year Cash-out Refi | 6.92% | 12/16/24 |
| 30 Year FHA Purchase | 7.61% | 12/16/24 |
| 30 Year FHA Refi | 7.34% | 12/16/24 |
| 30 Year VA Purchase | 6.48% | 12/16/24 |
| 30 Year VA Refi | 5.55% | 12/16/24 |
| 30 Year USDA Purchase | 7.04% | 12/16/24 |
| 15 Year Conventional Purchase | 6.25% | 12/16/24 |
| 15 Year Conventional Refi | 6.09% | 12/16/24 |
| 15 Year Cash-out Refi | 6.09% | 12/16/24 |
| 15 Year FHA Purchase | 7.28% | 12/16/24 |
| 15 Year FHA Refi | 7.74% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Open Mortgage Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Open Mortgage. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,940Origination Dollar Volume (All Markets)
$644,910,000Awards
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OPEN MORTGAGE - 2023
OPEN MORTGAGE is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Open Mortgage's average 30 year fixed mortgage rate was
6.61%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.13%.
Relative Fees (Closing Costs)
Open Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,120.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 186 | $56,910,000 | $305,968 | $11,075 | 6.84% |
| JACKSON, MS (FHA|USDA|VA) | 303 | $56,615,000 | $186,848 | $7,144 | 6.39% |
| TULSA, OK (FHA|USDA|VA) | 174 | $35,350,000 | $203,161 | $8,253 | 6.48% |
| WICHITA, KS (FHA|USDA|VA) | 185 | $34,855,000 | $188,405 | $5,422 | 6.92% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 129 | $34,225,000 | $265,310 | $7,707 | 6.81% |
| Outside of Metro Areas | 209 | $30,855,000 | $147,632 | $6,506 | 6.90% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 119 | $30,415,000 | $255,588 | $8,619 | 6.04% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 69 | $26,885,000 | $389,638 | $16,114 | 7.35% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 105 | $19,785,000 | $188,429 | $7,670 | 6.57% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 64 | $14,580,000 | $227,813 | $8,154 | 6.72% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 21 | $11,515,000 | $548,333 | $0 | 7.68% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 46 | $11,170,000 | $242,826 | $9,122 | 6.70% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 61 | $10,675,000 | $175,000 | $7,608 | 7.10% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 22 | $9,630,000 | $437,727 | $0 | 7.40% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 36 | $9,320,000 | $258,889 | $15,586 | 7.43% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 42 | $8,990,000 | $214,048 | $12,023 | 7.07% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 31 | $8,775,000 | $283,065 | $10,718 | 6.70% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 26 | $7,370,000 | $283,462 | $9,833 | 7.37% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 22 | $6,700,000 | $304,545 | $13,220 | 6.61% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 19 | $6,655,000 | $350,263 | $0 | 7.37% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 38 | $6,310,000 | $166,053 | $7,396 | 7.09% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 25 | $6,255,000 | $250,200 | $6,724 | 6.63% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 29 | $6,005,000 | $207,069 | $20,454 | 7.20% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 27 | $5,755,000 | $213,148 | $5,453 | 7.49% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 18 | $5,750,000 | $319,444 | $7,034 | 6.51% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 31 | $5,655,000 | $182,419 | $7,798 | 6.11% |
| PANAMA CITY, FL (FHA|USDA|VA) | 20 | $5,510,000 | $275,500 | $8,496 | 6.42% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 20 | $5,190,000 | $259,500 | $0 | 7.27% |
| Bartlesville, OK (FHA|USDA|VA) | 34 | $4,950,000 | $145,588 | $7,789 | 6.48% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 19 | $4,855,000 | $255,526 | $0 | 7.13% |
| Tahlequah, OK (FHA|USDA|VA) | 24 | $4,640,000 | $193,333 | $7,820 | 6.26% |
| Brownwood, TX (FHA|USDA|VA) | 30 | $4,380,000 | $146,000 | $6,640 | 5.57% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 21 | $4,265,000 | $203,095 | $7,472 | 5.79% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 11 | $3,665,000 | $333,182 | $9,907 | 7.08% |
| Hutchinson, KS (FHA|USDA|VA) | 27 | $3,595,000 | $133,148 | $4,680 | 6.95% |
| McAlester, OK (FHA|USDA|VA) | 19 | $3,585,000 | $188,684 | $5,871 | 6.34% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 15 | $3,575,000 | $238,333 | $7,428 | 6.54% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 13 | $2,895,000 | $222,692 | $8,790 | 7.02% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 15 | $2,835,000 | $189,000 | $7,460 | 6.70% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 9 | $2,805,000 | $311,667 | $14,831 | 7.49% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 11 | $2,775,000 | $252,273 | $10,010 | 7.42% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 9 | $2,665,000 | $296,111 | $16,028 | 6.82% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 21 | $2,375,000 | $113,095 | $4,499 | 7.12% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 11 | $2,165,000 | $196,818 | $7,253 | 7.10% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 11 | $2,125,000 | $193,182 | $15,094 | 6.82% |
| Ponca City, OK (FHA|USDA|VA) | 20 | $2,030,000 | $101,500 | $5,781 | 6.40% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 11 | $2,025,000 | $184,091 | $5,471 | 7.23% |
| Granbury, TX (FHA|USDA|VA) | 4 | $1,910,000 | $477,500 | $12,171 | 7.47% |
| MUNCIE, IN (FHA|USDA|VA) | 12 | $1,880,000 | $156,667 | $6,998 | 7.31% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 9 | $1,805,000 | $200,556 | $0 | 7.49% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 6 | $1,790,000 | $298,333 | $0 | 7.26% |
| VALLEJO, CA (FHA|USDA|VA) | 5 | $1,775,000 | $355,000 | $14,135 | 6.66% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 6 | $1,710,000 | $285,000 | $15,039 | 7.52% |
| Muskogee, OK (FHA|USDA|VA) | 9 | $1,625,000 | $180,556 | $6,163 | 6.15% |
| ABILENE, TX (FHA|USDA|VA) | 6 | $1,600,000 | $266,667 | $9,529 | 6.92% |
| RAPID CITY, SD (FHA|USDA|VA) | 4 | $1,530,000 | $382,500 | $12,929 | 6.91% |
| Winfield, KS (FHA|USDA|VA) | 13 | $1,485,000 | $114,231 | $4,915 | 7.17% |
| BOISE CITY, ID (FHA|USDA|VA) | 7 | $1,465,000 | $209,286 | $0 | 7.31% |
| New Castle, IN (FHA|USDA|VA) | 10 | $1,450,000 | $145,000 | $7,599 | 7.79% |
| FRESNO, CA (FHA|USDA|VA) | 6 | $1,420,000 | $236,667 | $19,380 | 7.07% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 7 | $1,385,000 | $197,857 | $0 | 7.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 9 | $1,375,000 | $152,778 | $0 | 7.20% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 4 | $1,360,000 | $340,000 | $7,192 | 6.87% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 8 | $1,360,000 | $170,000 | $8,725 | 6.47% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 4 | $1,330,000 | $332,500 | $15,419 | 7.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 6 | $1,300,000 | $216,667 | $10,815 | 7.17% |
| Vicksburg, MS (FHA|USDA|VA) | 10 | $1,290,000 | $129,000 | $5,546 | 6.01% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $0 | 7.61% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,230,000 | $307,500 | $11,768 | 6.99% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $1,200,000 | $200,000 | $11,994 | 7.35% |
| STOCKTON, CA (FHA|USDA|VA) | 5 | $1,195,000 | $239,000 | $0 | 7.40% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $8,181 | 6.65% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $0 | 7.55% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $0 | 7.46% |
| GREELEY, CO (FHA|USDA|VA) | 6 | $1,100,000 | $183,333 | $4,905 | 7.16% |
| MOBILE, AL (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $7,429 | 6.33% |
| IOWA CITY, IA (FHA|USDA|VA) | 5 | $1,065,000 | $213,000 | $8,253 | 6.67% |
| ENID, OK (FHA|USDA|VA) | 7 | $1,025,000 | $146,429 | $6,448 | 6.70% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $11,029 | 7.12% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 5 | $995,000 | $199,000 | $12,385 | 7.17% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $0 | 7.89% |
| PUEBLO, CO (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $9,222 | 7.20% |
| BILLINGS, MT (FHA|USDA|VA) | 5 | $875,000 | $175,000 | $0 | 7.18% |
| WACO, TX (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $13,552 | 4.84% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $6,248 | 6.57% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $4,607 | 6.58% |
| CASPER, WY (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $12,227 | 6.75% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $11,192 | 7.17% |
| Pittsburg, KS (FHA|USDA|VA) | 5 | $765,000 | $153,000 | $6,395 | 6.78% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $7,617 | 7.94% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $0 | 6.95% |
| FARGO, ND-MN (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $0 | 7.85% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 5 | $705,000 | $141,000 | $7,869 | 7.16% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $0 | 7.33% |
| COLUMBUS, OH (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $0 | 7.57% |
| Mount Pleasant, TX (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $7,171 | 6.67% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $7,837 | 6.97% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $0 | 7.63% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $7,897 | 6.83% |
| THE VILLAGES, FL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $6,167 | 6.84% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $0 | 7.49% |
| RENO, NV (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $0 | 6.83% |
| TOPEKA, KS (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $6,855 | 7.06% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $9,749 | 6.62% |
| Dickinson, ND (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $13,943 | 6.19% |
| LONGVIEW, TX (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $9,853 | 7.48% |
| TYLER, TX (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $10,368 | 6.53% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $12,054 | 7.13% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $0 | 6.72% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 6.79% |
| Jefferson, GA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $6,487 | 7.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $21,776 | 6.50% |
| MANHATTAN, KS (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $4,774 | 6.37% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 7.48% |
| Sulphur Springs, TX (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $9,152 | 6.78% |
| Stillwater, OK (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $9,948 | 6.38% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 7.32% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 6.94% |
| Rockport, TX (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $17,464 | 7.63% |
| OCALA, FL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $7,649 | 7.04% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 7.54% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 7.54% |
| BELLINGHAM, WA (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $0 | 7.44% |
| Port Angeles, WA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 7.98% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 7.83% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $22,226 | 5.75% |
| Bonham, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $6,526 | 7.50% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 7.53% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $9,151 | 7.81% |
| Fairfield, IA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $21,785 | 6.88% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,460 | 6.04% |
| Fernley, NV (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 7.30% |
| Laramie, WY (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $11,428 | 6.50% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,186 | 8.12% |
| Brookhaven, MS (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $7,217 | 6.88% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $16,360 | 6.00% |
| Hays, KS (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $5,944 | 6.88% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $18,592 | 7.38% |
| Ottawa, KS (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $8,588 | 6.19% |
| REDDING, CA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 7.92% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $14,778 | 6.88% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $14,440 | 7.11% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,432 | 7.13% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 6.79% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $0 | 7.33% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,594 | 6.99% |
| AKRON, OH (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 7.98% |
| Salina, KS (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,210 | 7.00% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $15,938 | 6.63% |
| Warrensburg, MO (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,634 | 6.44% |
| KOKOMO, IN (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $8,070 | 7.00% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 7.22% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,580 | 7.00% |
| Newport, OR (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 8.17% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 7.55% |
| EL CENTRO, CA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 7.33% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,649 | 6.25% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $3,937 | 7.61% |
| McPherson, KS (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,192 | 6.56% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 7.71% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 7.16% |
| Meridian, MS (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $4,314 | 7.75% |
| Wauchula, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $12,782 | 6.63% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 6.43% |
| McComb, MS (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $5,489 | 6.81% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 8.17% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 7.86% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 7.37% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $7,258 | 7.00% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 7.11% |
| ODESSA, TX (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $8,027 | 6.94% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 7.61% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 6.25% |
| DALTON, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,190 | 6.88% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,163 | 6.50% |
| Marshalltown, IA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $15,656 | 6.75% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 7.62% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $13,284 | 7.25% |
| Sonora, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 7.89% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,048 | 6.62% |
| Coffeyville, KS (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $7,014 | 6.13% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 5.75% |
| Spearfish, SD (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,678 | 5.88% |
| READING, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 6.22% |
| Red Bluff, CA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 7.34% |
| Shelby, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,364 | 7.25% |
| Shawnee, OK (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $5,063 | 8.43% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 6.75% |
| Greenville, MS (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $12,016 | 5.75% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 6.84% |
| Greenwood, MS (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $3,127 | 8.25% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 7.32% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 7.52% |
| Angola, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.60% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.62% |
| Brookings, SD (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,445 | 6.63% |
| Great Bend, KS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,195 | 5.75% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $12,375 | 6.13% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,801 | 6.63% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,565 | 5.75% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,849 | 6.25% |
| Sedalia, MO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,881 | 7.63% |
| Athens, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,310 | 6.13% |
| Logansport, IN (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,946 | 7.13% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 7.64% |
| Greensburg, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,759 | 6.75% |
| Richmond, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,449 | 6.63% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,441 | 6.62% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,768 | 7.25% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 7.29% |
| Palatka, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 7.62% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 6.81% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 7.37% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,609 | 7.63% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,884 | 5.88% |
| Ardmore, OK (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,074 | 6.00% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 7.29% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 7.52% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 6.39% |
| SALEM, OR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 7.08% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,011 | 5.75% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 7.29% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.97% |
| MERCED, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.71% |
| Crossville, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.99% |
| Farmington, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $10,919 | 7.88% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.67% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $4,493 | 4.19% |
| Muscatine, IA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $4,026 | 9.25% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,661 | 6.62% |
| Frankfort, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,171 | 6.75% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 8.14% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 6.48% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,422 | 7.63% |
| Eufaula, AL-GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,028 | 7.63% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 7.92% |
| Centralia, WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 6.97% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.60% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.16% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.77% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,284 | 6.50% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.66% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,699 | 7.13% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,506 | 8.13% |
| Prineville, OR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.08% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.31% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.41% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.67% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.96% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,204 | 6.50% |
| Seymour, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,301 | 6.25% |
| Durant, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,074 | 5.75% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.38% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $8,422 | 6.75% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.06% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.20% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.99% |
| Woodward, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,679 | 7.13% |
| Brenham, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.16% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.81% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.68% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.22% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.37% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $7,782 | 5.99% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.67% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.22% |
| Miami, OK (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $2,336 | 5.94% |
| Fort Dodge, IA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,967 | 5.99% |
| Cullman, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.50% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.35% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,093 | 5.75% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.84% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.48% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,526 | 7.13% |
| BISMARCK, ND (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 7.81% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 7.85% |
| Columbus, MS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $4,229 | 6.99% |
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Product Mix
For 2023, Open Mortgage's most frequently originated type of loan was Conventional, with 997 originations. Their 2nd most popular type was FHA, with 839 originations.
Loan Reason
For 2023, Open Mortgage's most frequently cited loan purpose was Home Purchase, with 2,042 originations. The 2nd most popular reason was Cash Out Refi, with 378 originations.
Loan Duration/Length
For 2023, Open Mortgage's most frequently cited loan duration was 30 Year, with 2,139 originations. The 2nd most popular length was Other, with 699 originations.
Origination Fees/Closing Costs
Open Mortgage's average total fees were $8,120, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 508 originations.
Interest Rates
During 2023, Open Mortgage's average interest rate for loans was 6.61%, while their most frequently originated rate bucket for loans was 6-7%, with 1,256 originations.
Loan Sizing
2023 saw Open Mortgage place emphasis on $100k-200k loans with 1,147 originations, totaling $173,405,000 in origination value.
Applicant Income
Open Mortgage lent most frequently to those with incomes in the $50k or less range, with 1,001 originations. The second most popular income band? $50k-75k, with 740 originations.
Applicant Debt to Income Ratio
Open Mortgage lent most frequently to those with DTI ratios of 30-36%, with 338 originations. The next most common DTI ratio? 20-30%, with 272 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.74%
Open Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination64.32%
Open Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,940 | $644,910,000 | $219,357 |