Open Mortgage Rates, Fees & Info
AUSTIN, TXLEI: 549300CR5XDK0TP7I727
Tax ID: 83-0345906
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Mortgage Data
Review & Overview
Open Mortgage is a smaller mortgage company specializing in Home Purchase loans. They have an average proportion of FHA loans. Open Mortgage has a high proportion of conventional 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: Los Angeles, Wichita, Tulsa, Rapid City, and Beaumont among others. We have data for 306 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% | 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
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This is not an official calculator from Open Mortgage. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,899Origination Dollar Volume (All Markets)
$933,315,000Awards
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OPEN MORTGAGE - 2019
OPEN MORTGAGE is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 190 | $68,260,000 | $359,263 | $7,224 | 4.18% |
| WICHITA, KS (FHA|USDA|VA) | 407 | $61,145,000 | $150,233 | $4,876 | 4.43% |
| TULSA, OK (FHA|USDA|VA) | 388 | $58,480,000 | $150,722 | $6,348 | 4.50% |
| RAPID CITY, SD (FHA|USDA|VA) | 261 | $57,845,000 | $221,628 | $5,722 | 3.79% |
| Outside of Metro Areas | 363 | $56,215,000 | $154,862 | $5,397 | 4.35% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 242 | $40,450,000 | $167,149 | $6,321 | 4.45% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 197 | $39,875,000 | $202,411 | $5,846 | 4.36% |
| JACKSON, MS (FHA|USDA|VA) | 215 | $35,325,000 | $164,302 | $6,031 | 4.54% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 150 | $32,870,000 | $219,133 | $6,596 | 4.58% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 148 | $32,710,000 | $221,014 | $5,180 | 4.42% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 47 | $28,795,000 | $612,660 | $2,454 | 5.34% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 88 | $21,980,000 | $249,773 | $6,233 | 4.43% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 48 | $20,620,000 | $429,583 | $6,111 | 4.56% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 70 | $19,880,000 | $284,000 | $7,769 | 3.99% |
| Bartlesville, OK (FHA|USDA|VA) | 153 | $19,005,000 | $124,216 | $6,376 | 4.36% |
| Gillette, WY (FHA|USDA|VA) | 63 | $14,705,000 | $233,413 | $5,840 | 4.03% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 77 | $13,955,000 | $181,234 | $4,085 | 4.15% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 49 | $12,965,000 | $264,592 | $4,746 | 4.39% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 34 | $12,210,000 | $359,118 | $8,400 | 4.12% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 64 | $11,700,000 | $182,813 | $9,381 | 4.45% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 54 | $9,480,000 | $175,556 | $6,862 | 4.48% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 56 | $9,050,000 | $161,607 | $5,569 | 4.44% |
| Hutchinson, KS (FHA|USDA|VA) | 64 | $8,290,000 | $129,531 | $4,618 | 4.34% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 29 | $8,045,000 | $277,414 | $3,163 | 3.92% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 46 | $7,560,000 | $164,348 | $6,210 | 4.51% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 61 | $7,185,000 | $117,787 | $5,048 | 4.99% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 25 | $6,975,000 | $279,000 | $7,965 | 4.40% |
| Dickinson, ND (FHA|USDA|VA) | 27 | $6,635,000 | $245,741 | $5,459 | 4.20% |
| KNOXVILLE, TN (FHA|USDA|VA) | 38 | $6,150,000 | $161,842 | $7,216 | 4.64% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 21 | $5,875,000 | $279,762 | $4,925 | 4.33% |
| Ponca City, OK (FHA|USDA|VA) | 64 | $5,780,000 | $90,313 | $5,511 | 4.49% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 35 | $5,725,000 | $163,571 | $4,333 | 4.26% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 37 | $5,565,000 | $150,405 | $5,409 | 4.62% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 20 | $5,170,000 | $258,500 | $10,871 | 4.38% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 26 | $4,750,000 | $182,692 | $5,142 | 4.66% |
| Spearfish, SD (FHA|USDA|VA) | 19 | $4,515,000 | $237,632 | $5,398 | 4.09% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 32 | $4,300,000 | $134,375 | $6,058 | 4.54% |
| Cañon City, CO (FHA|USDA|VA) | 19 | $4,125,000 | $217,105 | $5,282 | 4.32% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 11 | $4,055,000 | $368,636 | $0 | 4.96% |
| Coffeyville, KS (FHA|USDA|VA) | 52 | $3,850,000 | $74,038 | $4,526 | 4.45% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 18 | $3,490,000 | $193,889 | $3,967 | 4.27% |
| GREAT FALLS, MT (FHA|USDA|VA) | 18 | $3,450,000 | $191,667 | $5,606 | 3.94% |
| Winfield, KS (FHA|USDA|VA) | 36 | $3,280,000 | $91,111 | $5,275 | 4.15% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 22 | $3,250,000 | $147,727 | $4,049 | 4.51% |
| CHEYENNE, WY (FHA|USDA|VA) | 14 | $3,220,000 | $230,000 | $5,111 | 3.98% |
| Tahlequah, OK (FHA|USDA|VA) | 23 | $3,045,000 | $132,391 | $7,429 | 4.35% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 12 | $2,940,000 | $245,000 | $2,332 | 4.10% |
| McAlester, OK (FHA|USDA|VA) | 22 | $2,580,000 | $117,273 | $4,791 | 4.47% |
| Jefferson, GA (FHA|USDA|VA) | 12 | $2,550,000 | $212,500 | $8,037 | 4.96% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 10 | $2,500,000 | $250,000 | $6,144 | 4.44% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 11 | $2,065,000 | $187,727 | $6,575 | 4.59% |
| Laramie, WY (FHA|USDA|VA) | 9 | $2,055,000 | $228,333 | $3,944 | 4.13% |
| Glasgow, KY (FHA|USDA|VA) | 14 | $1,990,000 | $142,143 | $6,428 | 4.29% |
| STOCKTON, CA (FHA|USDA|VA) | 9 | $1,935,000 | $215,000 | $4,463 | 4.06% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 11 | $1,835,000 | $166,818 | $0 | 4.50% |
| Miami, OK (FHA|USDA|VA) | 24 | $1,830,000 | $76,250 | $5,235 | 4.57% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 7 | $1,775,000 | $253,571 | $8,244 | 3.82% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 5 | $1,715,000 | $343,000 | $0 | 4.22% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 10 | $1,690,000 | $169,000 | $2,717 | 4.19% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 9 | $1,585,000 | $176,111 | $5,347 | 4.42% |
| PANAMA CITY, FL (FHA|USDA|VA) | 6 | $1,570,000 | $261,667 | $9,283 | 3.73% |
| MORRISTOWN, TN (FHA|USDA|VA) | 10 | $1,550,000 | $155,000 | $5,314 | 4.55% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $11,806 | 4.50% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 6 | $1,410,000 | $235,000 | $10,217 | 5.46% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 7 | $1,385,000 | $197,857 | $4,757 | 3.86% |
| FORT COLLINS, CO (FHA|USDA|VA) | 4 | $1,360,000 | $340,000 | $3,480 | 4.16% |
| VALLEJO, CA (FHA|USDA|VA) | 5 | $1,355,000 | $271,000 | $1,532 | 4.00% |
| Muskogee, OK (FHA|USDA|VA) | 9 | $1,325,000 | $147,222 | $7,201 | 4.08% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 7 | $1,315,000 | $187,857 | $5,266 | 4.91% |
| MUNCIE, IN (FHA|USDA|VA) | 11 | $1,315,000 | $119,545 | $5,107 | 4.93% |
| McPherson, KS (FHA|USDA|VA) | 7 | $1,295,000 | $185,000 | $5,319 | 4.14% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $0 | 4.66% |
| BOULDER, CO (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $12,637 | 4.56% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 6 | $1,230,000 | $205,000 | $9,445 | 4.77% |
| Sheridan, WY (FHA|USDA|VA) | 5 | $1,225,000 | $245,000 | $6,105 | 4.13% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 6 | $1,210,000 | $201,667 | $4,332 | 4.94% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 8 | $1,190,000 | $148,750 | $3,017 | 3.84% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $0 | 4.67% |
| FRESNO, CA (FHA|USDA|VA) | 8 | $1,140,000 | $142,500 | $1,444 | 4.19% |
| TOPEKA, KS (FHA|USDA|VA) | 8 | $1,130,000 | $141,250 | $4,770 | 4.84% |
| Athens, TX (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $8,285 | 4.09% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 11 | $1,125,000 | $102,273 | $1,723 | 4.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 6 | $1,110,000 | $185,000 | $1,575 | 3.62% |
| Norfolk, NE (FHA|USDA|VA) | 7 | $1,075,000 | $153,571 | $5,474 | 3.91% |
| RENO, NV (FHA|USDA|VA) | 6 | $1,070,000 | $178,333 | $0 | 4.18% |
| Outside of Metro Areas | 5 | $1,065,000 | $213,000 | $5,824 | 4.15% |
| ENID, OK (FHA|USDA|VA) | 7 | $1,065,000 | $152,143 | $4,947 | 4.71% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $0 | 5.05% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $5,222 | 3.39% |
| Riverton, WY (FHA|USDA|VA) | 7 | $1,025,000 | $146,429 | $5,632 | 3.91% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 8 | $1,010,000 | $126,250 | $2,967 | 4.06% |
| Durango, CO (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $0 | 4.53% |
| Rock Springs, WY (FHA|USDA|VA) | 5 | $995,000 | $199,000 | $6,263 | 4.02% |
| BILLINGS, MT (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $4,821 | 4.09% |
| New Castle, IN (FHA|USDA|VA) | 7 | $985,000 | $140,714 | $5,407 | 4.59% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $980,000 | $163,333 | $4,004 | 3.73% |
| Vicksburg, MS (FHA|USDA|VA) | 7 | $955,000 | $136,429 | $5,624 | 4.39% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $4,194 | 4.75% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 7 | $915,000 | $130,714 | $3,881 | 4.01% |
| GAINESVILLE, FL (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $6,213 | 3.83% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $2,766 | 4.13% |
| CASPER, WY (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $5,417 | 3.63% |
| ODESSA, TX (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $5,388 | 3.81% |
| NAPA, CA (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $0 | 3.68% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 8 | $860,000 | $107,500 | $4,607 | 4.41% |
| COLUMBIA, SC (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $5,225 | 4.75% |
| BOISE CITY, ID (FHA|USDA|VA) | 6 | $750,000 | $125,000 | $0 | 4.50% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $6,283 | 4.61% |
| Kapaa, HI (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $0 | 4.38% |
| REDDING, CA (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $0 | 4.23% |
| Pierre, SD (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $7,466 | 3.83% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $0 | 3.96% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 5 | $695,000 | $139,000 | $3,328 | 3.95% |
| SALEM, OR (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $5,589 | 4.22% |
| FARGO, ND-MN (FHA|USDA|VA) | 6 | $670,000 | $111,667 | $0 | 4.45% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $3,786 | 4.35% |
| Williston, ND (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $6,991 | 4.25% |
| Kearney, NE (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $4,837 | 3.69% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $0 | 3.79% |
| BATON ROUGE, LA (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $2,912 | 4.22% |
| OCALA, FL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $4,032 | 4.52% |
| MIDLAND, TX (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $6,108 | 4.61% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $0 | 3.97% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $2,759 | 3.36% |
| GAINESVILLE, GA (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $6,490 | 5.13% |
| Granbury, TX (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $6,590 | 4.72% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 5 | $565,000 | $113,000 | $6,464 | 4.88% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $12,129 | 4.48% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 5.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $8,652 | 3.69% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $4,965 | 3.88% |
| North Platte, NE (FHA|USDA|VA) | 5 | $535,000 | $107,000 | $4,222 | 4.90% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $6,338 | 5.17% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $4,630 | 4.58% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,441 | 4.75% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 6.99% |
| AMARILLO, TX (FHA|USDA|VA) | 6 | $470,000 | $78,333 | $5,418 | 4.70% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,430 | 3.87% |
| Mount Pleasant, TX (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $6,085 | 4.13% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 4.64% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $6,502 | 4.29% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $6,591 | 4.83% |
| EL PASO, TX (FHA|USDA|VA) | 4 | $410,000 | $102,500 | $5,863 | 4.30% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $5,616 | 4.21% |
| LAWRENCE, KS (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $5,856 | 3.38% |
| BEND, OR (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 3.77% |
| CHICO, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 4.12% |
| AMES, IA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,523 | 4.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $4,007 | 4.07% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $5,936 | 4.00% |
| GRAND ISLAND, NE (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $5,593 | 3.63% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,759 | 4.88% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 4.12% |
| READING, PA (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $3,248 | 4.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $8,051 | 4.75% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,510 | 4.31% |
| Stillwater, OK (FHA|USDA|VA) | 4 | $350,000 | $87,500 | $5,936 | 4.31% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 3.85% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $0 | 4.27% |
| Edwards, CO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,387 | 3.88% |
| Burlington, IA-IL (FHA|USDA|VA) | 4 | $330,000 | $82,500 | $5,962 | 4.88% |
| Muscatine, IA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,982 | 5.00% |
| Great Bend, KS (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $6,484 | 4.47% |
| Parsons, KS (FHA|USDA|VA) | 5 | $315,000 | $63,000 | $4,861 | 4.20% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,564 | 3.63% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,934 | 4.63% |
| PUEBLO, CO (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $6,259 | 4.52% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 3.80% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,044 | 4.50% |
| Torrington, CT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,200 | 3.13% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,008 | 3.50% |
| TWIN FALLS, ID (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 3.97% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,583 | 3.94% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 4 | $280,000 | $70,000 | $4,197 | 4.91% |
| Oskaloosa, IA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $7,054 | 4.75% |
| Scottsbluff, NE (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $6,627 | 4.31% |
| Emporia, KS (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $6,589 | 5.63% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 4.09% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 3.55% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,101 | 3.75% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 3.73% |
| IOWA CITY, IA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,605 | 4.69% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,704 | 4.75% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,175 | 4.25% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 4.08% |
| Meridian, MS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $10,333 | 4.50% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 3.95% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,426 | 4.81% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,019 | 3.88% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,747 | 4.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $11,676 | 4.00% |
| Andrews, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,608 | 4.50% |
| Jennings, LA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,363 | 5.13% |
| Palatka, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,296 | 4.75% |
| Shawnee, OK (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $5,270 | 4.63% |
| Ardmore, OK (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,080 | 4.13% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,873 | 5.25% |
| Duncan, OK (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $5,548 | 4.69% |
| Bonham, TX (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $6,618 | 4.06% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,454 | 3.13% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,858 | 4.88% |
| LAREDO, TX (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,510 | 4.19% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $3,177 | 4.44% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 5.32% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,009 | 3.88% |
| Laurel, MS (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,210 | 4.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 4.89% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,364 | 4.50% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 3.70% |
| MERCED, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.15% |
| Vermillion, SD (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,499 | 4.63% |
| MONROE, LA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,522 | 4.63% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 4.18% |
| Blackfoot, ID (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,971 | 4.00% |
| Mountain Home, AR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,840 | 4.13% |
| Taos, NM (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.34% |
| Carroll, IA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,140 | 5.13% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,815 | 4.13% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,143 | 3.50% |
| Paris, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,974 | 4.75% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 3.99% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,364 | 5.50% |
| Beatrice, NE (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $4,584 | 4.25% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.46% |
| Pecos, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,552 | 4.50% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.32% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $4,353 | 5.69% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 5.14% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,983 | 3.75% |
| Bennettsville, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,418 | 5.13% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,456 | 5.63% |
| Athens, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,977 | 4.13% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,329 | 3.88% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $60 | 4.75% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,902 | 3.88% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 3.95% |
| MADERA, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.47% |
| Dodge City, KS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.96% |
| Astoria, OR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.95% |
| Beeville, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,785 | 3.50% |
| Brookhaven, MS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,194 | 4.25% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,266 | 4.25% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.67% |
| Minot, ND (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.79% |
| MONROE, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $958 | 3.88% |
| Montrose, CO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.67% |
| Ottawa, KS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,578 | 5.00% |
| Sayre, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,406 | 4.13% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.43% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.46% |
| MONTGOMERY, AL (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $2,016 | 4.34% |
| Mitchell, SD (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 5.08% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,373 | 5.25% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,865 | 3.63% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.55% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,650 | 5.13% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,841 | 4.13% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,506 | 4.63% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.33% |
| El Campo, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.71% |
| Aberdeen, SD (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.57% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.20% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,883 | 3.63% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $105,000 | $35,000 | $0 | 4.39% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,078 | 3.75% |
| Sterling, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,013 | 5.63% |
| Austin, MN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,639 | 3.38% |
| Pella, IA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $8,256 | 4.25% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,272 | 3.63% |
| Fremont, NE (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,995 | 5.25% |
| Bennington, VT (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.20% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.55% |
| Crossville, TN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,053 | 5.25% |
| Douglas, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,948 | 4.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,248 | 3.13% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.74% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,762 | 5.13% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,633 | 3.88% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,300 | 4.63% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,447 | 4.13% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.04% |
| DALTON, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,566 | 3.63% |
| Yankton, SD (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.23% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $6,261 | 3.75% |
| Pittsburg, KS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,673 | 4.25% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,079 | 3.75% |
| Newport, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $7,688 | 3.38% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,382 | 3.75% |
| Concord, NH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,841 | 3.50% |
| Peru, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,021 | 5.75% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.75% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.20% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,529 | 4.38% |
| KOKOMO, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,512 | 4.00% |
| Wabash, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,600 | 5.63% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,713 | 4.13% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.42% |
| NILES, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.13% |
| Spencer, IA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $5,860 | 5.13% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,014 | 3.75% |
| North Vernon, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.24% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 3.70% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.44% |
| Dyersburg, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.19% |
| Adrian, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 3.95% |
| Marshall, MN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.57% |
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Product Mix
For 2019, Open Mortgage's most frequently originated type of loan was FHA, with 1,698 originations. Their 2nd most popular type was Conventional, with 1,451 originations.
Loan Reason
For 2019, Open Mortgage's most frequently cited loan purpose was Home Purchase, with 3,361 originations. The 2nd most popular reason was Cash Out Refi, with 732 originations.
Loan Duration/Length
For 2019, Open Mortgage's most frequently cited loan duration was 30 Year, with 3,864 originations. The 2nd most popular length was Other, with 851 originations.
Origination Fees/Closing Costs
Open Mortgage's average total fees were $5,820, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,322 originations.
Interest Rates
During 2019, Open Mortgage's average interest rate for loans was 4.40%, while their most frequently originated rate bucket for loans was 4-5%, with 2,246 originations.
Loan Sizing
2019 saw Open Mortgage place emphasis on $100k-200k loans with 2,180 originations, totaling $323,770,000 in origination value.
Applicant Income
Open Mortgage lent most frequently to those with incomes in the $50k or less range, with 2,109 originations. The second most popular income band? $50k-75k, with 1,307 originations.
Applicant Debt to Income Ratio
Open Mortgage lent most frequently to those with DTI ratios of 30-36%, with 564 originations. The next most common DTI ratio? 20-30%, with 487 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.78%
Open Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination75.71%
Open Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,899 | $933,315,000 | $190,511 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 221 | $29,495,000 | $133,462 |
| Single Family (1-4 Units):Site-Built | 4,678 | $903,820,000 | $193,206 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| OPEN MORTGAGE LLC | Reverse mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |