Cornerstone Home Lending Mortgage Rates, Fees & Info

HOUSTON, TX

LEI: 549300CY7WNAHKHYSJ73

Tax ID: 76-0236067

2020 Data | 2019 Data | 2018 Data


Overview

Cornerstone Home Lending is a large mortgage company specializing in Home Purchase and Refi loans. Cornerstone Home Lending has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Seattle, Houston, Oklahoma City, Austin, and San Antonio among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Cornerstone Home Lending is typically an average fee lendor.


Originations

36,540

Origination Dollar Volume (All Markets)

$11,302,500,000

Relative Rate

Cornerstone Home Lending 's average 30 year fixed rate mortgage was 3.16%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.2%.

Relative Fees

Cornerstone Home Lending 's average total fees for a 30 year fixed rate mortgage are $5,883.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 27,796 $8,991,510,000 $323,482 $5,024 3.11%
FHA 4,891 $1,150,465,000 $235,221 $9,190 3.35%
VA 3,261 $1,030,525,000 $316,015 $6,088 3.03%
USDA 592 $130,000,000 $219,595 $6,613 3.15%

For the 2020 period, Cornerstone Home Lending 's most frequently originated loan type was Conventional, with 27,796 originations. Their 2nd most popular type is FHA, with 4,891 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 20,497 $6,032,865,000 $294,329 $6,466 3.12%
Refi 12,408 $4,133,510,000 $333,133 $4,601 3.08%
Cash Out Refi 3,475 $1,092,235,000 $314,312 $5,401 3.36%
Other 131 $37,495,000 $286,221 $4,612 3.38%
Home Improvement 29 $6,395,000 $220,517 $4,589 3.66%

For the 2020, Cornerstone Home Lending 's most frequently cited loan purpose was Home Purchase, with 20,497 originations. The 2nd most popular reason was Refi, with 12,408 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 32,155 $10,103,675,000 $314,218 $5,883 3.17%
15 Year 2,764 $738,230,000 $267,088 $4,565 2.78%
20 Year 1,155 $337,445,000 $292,160 $4,516 3.10%
Other 368 $106,530,000 $289,484 $4,875 3.15%
10 Year 80 $16,110,000 $201,375 $3,762 2.91%
3 Year 16 $140,000 $8,750 $0 0.00%
5 Year 1 $5,000 $5,000 $0 0.00%
30+ year 1 $365,000 $365,000 $17,036 4.25%

For the 2020, Cornerstone Home Lending 's most frequently cited loan length was 30 Year, with 32,155 originations. The 2nd most popular length was 15 Year, with 2,764 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 18,080 $5,629,480,000 $311,365
$3k-4k 5,724 $1,761,430,000 $307,727
$2k-3k 5,169 $1,423,765,000 $275,443
$<1k 3,203 $727,685,000 $227,189
$5k+ 3,147 $1,463,765,000 $465,130

$5,883 was Cornerstone Home Lending 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 18,080 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
SEATTLE-BELLEVUE-KENT, WA 2,870 $1,406,850,000 $490,192 $5,814 3.15%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 4,590 $1,203,770,000 $262,259 $6,299 3.02%
Outside of Metro Areas 4,065 $1,166,785,000 $287,032 $5,203 3.21%
OKLAHOMA CITY, OK 3,347 $777,665,000 $232,347 $5,265 3.14%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 1,900 $596,850,000 $314,132 $7,416 3.03%
SAN ANTONIO-NEW BRAUNFELS, TX 2,020 $523,580,000 $259,198 $7,152 2.94%
DALLAS-PLANO-IRVING, TX 1,395 $521,645,000 $373,939 $6,225 3.12%
DENVER-AURORA-LAKEWOOD, CO 1,082 $392,210,000 $362,486 $4,464 3.26%
FORT COLLINS, CO 1,001 $323,435,000 $323,112 $4,390 3.21%
SANTA MARIA-SANTA BARBARA, CA 564 $283,400,000 $502,482 $5,912 3.07%
RALEIGH-CARY, NC 956 $266,860,000 $279,142 $4,150 3.12%
GREELEY, CO 700 $215,870,000 $308,386 $5,675 3.25%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 690 $194,080,000 $281,275 $5,005 3.19%
PHOENIX-MESA-CHANDLER, AZ 613 $185,965,000 $303,369 $5,228 3.28%
LOS ANGELES-LONG BEACH-GLENDALE, CA 366 $185,170,000 $505,929 $6,703 3.11%
ANAHEIM-SANTA ANA-IRVINE, CA 339 $181,015,000 $533,968 $5,353 3.14%
TACOMA-LAKEWOOD, WA 398 $152,000,000 $381,910 $5,959 3.24%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 299 $140,615,000 $470,284 $4,652 3.31%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 358 $130,660,000 $364,972 $6,647 3.10%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 358 $130,550,000 $364,665 $7,484 3.13%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 492 $115,050,000 $233,841 $4,255 3.11%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 346 $114,100,000 $329,769 $6,577 3.20%
COLORADO SPRINGS, CO 338 $107,820,000 $318,994 $5,251 3.25%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 362 $107,580,000 $297,182 $5,428 3.15%
TULSA, OK 399 $89,215,000 $223,596 $5,694 3.15%
FAYETTEVILLE, NC 428 $84,520,000 $197,477 $4,670 3.09%
OAKLAND-BERKELEY-LIVERMORE, CA 149 $80,565,000 $540,705 $7,279 3.08%
OGDEN-CLEARFIELD, UT 270 $80,340,000 $297,556 $4,908 3.21%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 310 $65,900,000 $212,581 $5,454 3.24%
MADISON, WI 248 $65,830,000 $265,444 $3,597 3.21%
MCALLEN-EDINBURG-MISSION, TX 318 $64,340,000 $202,327 $8,097 3.20%
BILLINGS, MT 235 $59,825,000 $254,574 $7,010 3.07%
BOULDER, CO 141 $56,785,000 $402,730 $4,273 3.14%
YUBA CITY, CA 187 $53,315,000 $285,107 $5,672 3.14%
BAKERSFIELD, CA 213 $51,135,000 $240,070 $5,923 3.18%
YAKIMA, WA 188 $49,210,000 $261,755 $6,454 3.40%
CALIFORNIA-LEXINGTON PARK, MD 156 $48,250,000 $309,295 $6,527 3.09%
KILLEEN-TEMPLE, TX 229 $43,485,000 $189,891 $5,315 3.18%
GOLDSBORO, NC 192 $38,740,000 $201,771 $5,254 3.04%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 134 $34,340,000 $256,269 $5,323 3.12%
LAS VEGAS-HENDERSON-PARADISE, NV 114 $34,200,000 $300,000 $5,389 3.20%
SALT LAKE CITY, UT 95 $33,595,000 $353,632 $5,502 3.12%
OXNARD-THOUSAND OAKS-VENTURA, CA 71 $32,425,000 $456,690 $5,815 3.13%
FAIRBANKS, AK 110 $31,890,000 $289,909 $5,550 3.09%
KENNEWICK-RICHLAND, WA 106 $31,190,000 $294,245 $7,025 3.19%
MOUNT VERNON-ANACORTES, WA 88 $30,090,000 $341,932 $5,823 3.16%
DURHAM-CHAPEL HILL, NC 111 $29,645,000 $267,072 $3,863 3.13%
WENATCHEE, WA 82 $26,440,000 $322,439 $6,410 3.29%
CHEYENNE, WY 84 $22,880,000 $272,381 $5,356 3.08%
WILMINGTON, NC 83 $22,795,000 $274,639 $4,015 2.98%
COLLEGE STATION-BRYAN, TX 91 $22,555,000 $247,857 $6,288 3.28%
SPRINGFIELD, MO 117 $22,375,000 $191,239 $2,675 3.15%
JACKSONVILLE, FL 71 $21,585,000 $304,014 $5,246 3.39%
SPOKANE-SPOKANE VALLEY, WA 70 $21,070,000 $301,000 $6,720 3.36%
WACO, TX 113 $20,225,000 $178,982 $4,749 2.96%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 54 $19,850,000 $367,593 $6,190 3.28%
CORPUS CHRISTI, TX 89 $18,995,000 $213,427 $6,884 3.18%
LAS CRUCES, NM 82 $18,640,000 $227,317 $3,631 3.21%
COEUR D'ALENE, ID 56 $18,280,000 $326,429 $5,463 3.32%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 46 $17,690,000 $384,565 $6,487 2.99%
MIAMI-MIAMI BEACH-KENDALL, FL 49 $15,035,000 $306,837 $6,418 3.16%
CHARLESTON-NORTH CHARLESTON, SC 46 $14,200,000 $308,696 $5,228 2.97%
JACKSON, MS 72 $13,930,000 $193,472 $6,893 3.47%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 34 $13,390,000 $393,824 $6,262 3.10%
PUEBLO, CO 52 $12,340,000 $237,308 $5,609 3.15%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 44 $11,910,000 $270,682 $4,982 3.01%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 20 $11,850,000 $592,500 $6,579 3.12%
PROVO-OREM, UT 36 $11,780,000 $327,222 $6,363 3.16%
OLYMPIA-LACEY-TUMWATER, WA 38 $10,740,000 $282,632 $6,350 3.36%
GRAND JUNCTION, CO 39 $10,165,000 $260,641 $5,140 3.36%
SAN LUIS OBISPO-PASO ROBLES, CA 20 $9,250,000 $462,500 $6,232 3.07%
FARMINGTON, NM 39 $8,755,000 $224,487 $4,421 3.33%
BELLINGHAM, WA 24 $8,270,000 $344,583 $5,793 2.95%
CHICO, CA 30 $8,100,000 $270,000 $7,032 3.17%
GREENSBORO-HIGH POINT, NC 34 $8,080,000 $237,647 $5,528 3.19%
NEW BERN, NC 43 $7,845,000 $182,442 $3,392 3.18%
LONGVIEW, TX 36 $7,560,000 $210,000 $4,548 3.59%
TEXARKANA, TX-AR 31 $7,255,000 $234,032 $3,531 3.23%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 24 $7,010,000 $292,083 $5,400 3.01%
ANCHORAGE, AK 24 $6,880,000 $286,667 $5,477 2.92%
TYLER, TX 26 $6,760,000 $260,000 $3,876 3.44%
APPLETON, WI 32 $5,310,000 $165,938 $3,085 3.34%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 15 $5,145,000 $343,000 $5,721 3.08%
MIDLAND, TX 17 $4,925,000 $289,706 $6,578 2.85%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 9 $4,815,000 $535,000 $6,207 3.10%
JACKSONVILLE, NC 17 $4,745,000 $279,118 $6,523 2.84%
KANSAS CITY, MO-KS 15 $4,705,000 $313,667 $3,415 3.35%
OMAHA-COUNCIL BLUFFS, NE-IA 18 $4,690,000 $260,556 $5,961 3.06%
JOPLIN, MO 23 $4,635,000 $201,522 $2,933 3.05%
BEAUMONT-PORT ARTHUR, TX 23 $4,475,000 $194,565 $7,282 3.32%
ROCKY MOUNT, NC 25 $4,425,000 $177,000 $5,340 3.39%
BROWNSVILLE-HARLINGEN, TX 21 $4,185,000 $199,286 $5,665 3.29%
BEND, OR 11 $4,145,000 $376,818 $4,983 3.35%
HICKORY-LENOIR-MORGANTON, NC 24 $4,080,000 $170,000 $4,684 3.30%
ORLANDO-KISSIMMEE-SANFORD, FL 14 $3,970,000 $283,571 $6,312 3.20%
STOCKTON, CA 12 $3,840,000 $320,000 $5,233 3.06%
SAN ANGELO, TX 17 $3,605,000 $212,059 $4,357 3.21%
VALLEJO, CA 9 $3,585,000 $398,333 $6,849 2.64%
ST. GEORGE, UT 10 $3,570,000 $357,000 $4,999 3.16%
GREENVILLE-ANDERSON, SC 13 $3,435,000 $264,231 $3,895 3.08%
PORT ST. LUCIE, FL 14 $3,380,000 $241,429 $7,521 3.36%
FORT SMITH, AR-OK 14 $3,150,000 $225,000 $3,189 3.31%
BALTIMORE-COLUMBIA-TOWSON, MD 8 $3,130,000 $391,250 $7,122 3.00%
SHERMAN-DENISON, TX 13 $2,895,000 $222,692 $5,120 3.66%
JANESVILLE-BELOIT, WI 14 $2,870,000 $205,000 $4,580 3.42%
LAKE HAVASU CITY-KINGMAN, AZ 11 $2,845,000 $258,636 $5,224 3.25%
PRESCOTT VALLEY-PRESCOTT, AZ 9 $2,835,000 $315,000 $5,361 3.05%
NAPLES-MARCO ISLAND, FL 6 $2,810,000 $468,333 $6,596 3.23%
HOT SPRINGS, AR 14 $2,780,000 $198,571 $6,267 3.31%
ENID, OK 9 $2,685,000 $298,333 $6,297 3.04%
GREEN BAY, WI 11 $2,645,000 $240,455 $3,959 2.88%
MISSOULA, MT 9 $2,585,000 $287,222 $6,609 3.22%
BOISE CITY, ID 8 $2,580,000 $322,500 $5,530 3.09%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 9 $2,565,000 $285,000 $5,747 3.12%
EL PASO, TX 13 $2,525,000 $194,231 $5,979 2.85%
MILWAUKEE-WAUKESHA, WI 8 $2,480,000 $310,000 $3,731 3.42%
NORTH PORT-SARASOTA-BRADENTON, FL 7 $2,425,000 $346,429 $6,415 3.09%
TUCSON, AZ 11 $2,415,000 $219,545 $4,268 3.11%
SALISBURY, MD-DE 8 $2,410,000 $301,250 $3,919 2.94%
SPARTANBURG, SC 9 $2,255,000 $250,556 $4,350 2.97%
AMARILLO, TX 8 $2,190,000 $273,750 $5,153 3.06%
ASHEVILLE, NC 8 $2,180,000 $272,500 $6,348 3.02%
SALINAS, CA 4 $2,120,000 $530,000 $4,212 3.56%
VICTORIA, TX 8 $2,090,000 $261,250 $7,654 3.25%
NEW ORLEANS-METAIRIE, LA 7 $2,005,000 $286,429 $8,068 3.04%
SANTA FE, NM 5 $1,995,000 $399,000 $4,368 3.13%
SALEM, OR 7 $1,955,000 $279,286 $4,614 3.25%
GREENVILLE, NC 12 $1,940,000 $161,667 $4,995 3.27%
FLAGSTAFF, AZ 4 $1,930,000 $482,500 $6,634 2.87%
HILTON HEAD ISLAND-BLUFFTON, SC 4 $1,890,000 $472,500 $5,938 3.12%
COLUMBIA, SC 8 $1,850,000 $231,250 $3,344 3.25%
WINSTON-SALEM, NC 9 $1,755,000 $195,000 $5,646 3.01%
FRESNO, CA 5 $1,705,000 $341,000 $4,832 2.85%
CAPE CORAL-FORT MYERS, FL 5 $1,655,000 $331,000 $5,384 3.25%
ABILENE, TX 7 $1,625,000 $232,143 $5,342 3.09%
LOGAN, UT-ID 6 $1,600,000 $266,667 $4,857 3.19%
ALBUQUERQUE, NM 8 $1,560,000 $195,000 $4,364 3.20%
OSHKOSH-NEENAH, WI 10 $1,480,000 $148,000 $2,840 3.16%
SAN RAFAEL, CA 2 $1,410,000 $705,000 $7,645 2.93%
FOND DU LAC, WI 12 $1,390,000 $115,833 $2,775 3.60%
SEBASTIAN-VERO BEACH, FL 4 $1,380,000 $345,000 $4,672 3.25%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 3 $1,355,000 $451,667 $4,486 3.50%
MODESTO, CA 4 $1,350,000 $337,500 $7,524 3.38%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 3 $1,335,000 $445,000 $5,582 3.13%
PINE BLUFF, AR 6 $1,300,000 $216,667 $6,559 2.88%
HATTIESBURG, MS 6 $1,270,000 $211,667 $6,023 3.04%
LONGVIEW, WA 4 $1,240,000 $310,000 $3,238 3.91%
LUBBOCK, TX 6 $1,180,000 $196,667 $3,677 3.23%
LYNCHBURG, VA 3 $1,145,000 $381,667 $3,366 3.50%
MANHATTAN, KS 4 $1,120,000 $280,000 $4,138 3.00%
ST. LOUIS, MO-IL 7 $1,055,000 $150,714 $2,922 3.80%
SANTA ROSA-PETALUMA, CA 2 $1,030,000 $515,000 $6,044 3.13%
NAPA, CA 2 $1,010,000 $505,000 $3,732 3.44%
DAPHNE-FAIRHOPE-FOLEY, AL 2 $1,000,000 $500,000 $8,944 3.00%
CORVALLIS, OR 2 $950,000 $475,000 $11,800 2.88%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 4 $950,000 $237,500 $3,155 2.81%
BURLINGTON, NC 5 $925,000 $185,000 $3,682 3.03%
PALM BAY-MELBOURNE-TITUSVILLE, FL 4 $820,000 $205,000 $3,542 3.13%
MEDFORD, OR 2 $810,000 $405,000 $6,007 2.81%
WAUSAU-WESTON, WI 2 $760,000 $380,000 $4,647 2.94%
JONESBORO, AR 1 $745,000 $745,000 $8,813 3.75%
RICHMOND, VA 3 $745,000 $248,333 $6,230 3.25%
RENO, NV 2 $730,000 $365,000 $4,013 2.88%
ODESSA, TX 3 $715,000 $238,333 $5,868 2.92%
GRANTS PASS, OR 2 $700,000 $350,000 $7,735 2.81%
MEMPHIS, TN-MS-AR 4 $700,000 $175,000 $5,975 4.38%
DES MOINES-WEST DES MOINES, IA 3 $675,000 $225,000 $2,413 3.42%
OCALA, FL 4 $640,000 $160,000 $6,808 4.13%
KNOXVILLE, TN 2 $610,000 $305,000 $3,672 3.31%
WARREN-TROY-FARMINGTON HILLS, MI 2 $590,000 $295,000 $3,126 3.50%
WALLA WALLA, WA 2 $580,000 $290,000 $3,362 3.06%
LAREDO, TX 2 $550,000 $275,000 $11,686 2.81%
LAKELAND-WINTER HAVEN, FL 3 $525,000 $175,000 $6,821 3.54%
ANN ARBOR, MI 1 $515,000 $515,000 $3,792 2.88%
CHATTANOOGA, TN-GA 1 $515,000 $515,000 $11,000 2.38%
VISALIA, CA 2 $510,000 $255,000 $5,506 3.44%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 2 $510,000 $255,000 $5,080 2.75%
REDDING, CA 2 $490,000 $245,000 $3,152 3.18%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 2 $470,000 $235,000 $6,113 3.50%
BATON ROUGE, LA 2 $470,000 $235,000 $13,148 3.25%
CHARLOTTESVILLE, VA 1 $425,000 $425,000 $0 2.50%
WICHITA, KS 1 $415,000 $415,000 $6,240 2.63%
COLUMBIA, MO 2 $400,000 $200,000 $2,253 2.94%
WICHITA FALLS, TX 2 $400,000 $200,000 $5,120 3.13%
SAGINAW, MI 1 $365,000 $365,000 $0 2.75%
EUGENE-SPRINGFIELD, OR 1 $355,000 $355,000 $5,397 3.38%
PUNTA GORDA, FL 1 $345,000 $345,000 $3,636 3.99%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 1 $335,000 $335,000 $8,207 2.50%
SEBRING-AVON PARK, FL 1 $315,000 $315,000 $17,001 2.88%
GULFPORT-BILOXI, MS 2 $300,000 $150,000 $7,235 3.25%
RACINE, WI 1 $295,000 $295,000 $2,656 3.38%
INDIANAPOLIS-CARMEL-ANDERSON, IN 2 $290,000 $145,000 $2,967 4.13%
JOHNSON CITY, TN 2 $250,000 $125,000 $5,022 5.75%
SHREVEPORT-BOSSIER CITY, LA 1 $245,000 $245,000 $3,306 3.00%
LEXINGTON-FAYETTE, KY 1 $235,000 $235,000 $3,682 2.75%
LAFAYETTE, LA 2 $230,000 $115,000 $4,378 4.06%
CASPER, WY 1 $225,000 $225,000 $7,998 5.75%
LINCOLN, NE 1 $195,000 $195,000 $2,144 3.38%
TALLAHASSEE, FL 1 $195,000 $195,000 $4,395 3.38%
AUGUSTA-RICHMOND COUNTY, GA-SC 1 $185,000 $185,000 $5,039 3.75%
EAU CLAIRE, WI 1 $185,000 $185,000 $2,564 2.88%
GRAND RAPIDS-KENTWOOD, MI 1 $185,000 $185,000 $0 6.13%
LEWISTON, ID-WA 1 $185,000 $185,000 $2,998 3.38%
FLORENCE, SC 1 $175,000 $175,000 $2,893 3.50%
LAKE CHARLES, LA 1 $175,000 $175,000 $5,611 3.00%
PENSACOLA-FERRY PASS-BRENT, FL 1 $155,000 $155,000 $0 5.38%
MORRISTOWN, TN 1 $155,000 $155,000 $4,710 3.25%
SHEBOYGAN, WI 1 $145,000 $145,000 $4,852 2.63%
LA CROSSE-ONALASKA, WI-MN 1 $145,000 $145,000 $3,781 3.25%
SIERRA VISTA-DOUGLAS, AZ 1 $125,000 $125,000 $5,032 3.25%
WILMINGTON, DE-MD-NJ 1 $125,000 $125,000 $2,893 2.75%
AMES, IA 1 $105,000 $105,000 $2,324 2.88%
HARRISBURG-CARLISLE, PA 1 $95,000 $95,000 $0 4.25%

Cornerstone Home Lending 's top markets include Seattle, Houston, Oklahoma City, Austin, and San Antonio among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 17,563 $5,466,545,000 $311,253
2.5-3% 14,467 $4,710,925,000 $325,632
<2.5% 2,828 $734,820,000 $259,837
4-5% 1,457 $344,925,000 $236,736
5-6% 218 $44,490,000 $204,083
6-7% 3 $445,000 $148,333

During 2020, Cornerstone Home Lending 's average interest rate was 3.16%, while their most frequently originated rate bucket was 3-4%, with 17,563 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 19,601 $5,626,035,000 $287,028 $5,871 3.15%
$100k-200k 7,422 $1,189,930,000 $160,325 $4,846 3.31%
$400k-600k 6,621 $3,151,975,000 $476,057 $6,187 3.10%
$600k-1MM 1,478 $1,044,560,000 $706,739 $7,881 3.19%
$100,000 or less 1,246 $56,120,000 $45,040 $1,905 2.01%
$1MM+ 172 $233,880,000 $1,359,767 $14,581 3.29%

2020 saw Cornerstone Home Lending place emphasis on $200k-400k loans with 19,601 originations, totaling $5,626,035,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 8,924 $3,001,120,000 $336,298 $5,828 3.17%
$50k-75k 7,890 $1,759,220,000 $222,968 $5,604 3.09%
$75k-100k 6,665 $1,853,685,000 $278,122 $5,846 3.16%
$150k-250k 6,274 $2,558,720,000 $407,829 $5,886 3.13%
$50k or less 3,490 $593,290,000 $169,997 $4,848 3.15%
$250k+ 2,415 $1,241,405,000 $514,039 $6,789 3.15%

Cornerstone Home Lending lent most frequently to those with incomes in the $100k-150k range, with 8,924 originations. The second most popular income band? $50k-75k, with 7,890 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 7,687 $2,446,025,000 $318,203 $5,192 3.12%
30-36% 6,553 $2,096,435,000 $319,920 $5,579 3.18%
<20% 3,536 $1,105,660,000 $312,687 $4,728 3.02%
50-60% 2,092 $523,950,000 $250,454 $8,010 3.06%
44% 1,442 $427,080,000 $296,172 $5,950 3.20%
43% 1,411 $431,275,000 $305,652 $5,879 3.16%
42% 1,404 $443,410,000 $315,819 $6,022 3.19%
41% 1,322 $420,910,000 $318,389 $5,932 3.18%
39% 1,275 $399,225,000 $313,118 $5,901 3.17%
40% 1,250 $383,520,000 $306,816 $5,869 3.18%
37% 1,248 $391,870,000 $313,998 $5,653 3.19%
38% 1,242 $404,200,000 $325,443 $5,889 3.18%
45% 1,179 $347,075,000 $294,381 $6,054 3.08%
36% 1,174 $377,990,000 $321,968 $5,711 3.13%
49% 985 $287,885,000 $292,269 $6,285 3.14%
48% 895 $260,515,000 $291,078 $6,137 3.16%
47% 894 $262,650,000 $293,792 $6,027 3.03%
46% 857 $259,195,000 $302,445 $6,025 3.14%
>60% 59 $18,835,000 $319,237 $6,306 3.16%

Cornerstone Home Lending lent most frequently to those with DTI ratios of 20-30%, with 7,687 originations. The next most common DTI ratio? 30-36%, with 6,553 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 25,097 $7,676,065,000 $305,856 $5,564 3.15%
Not provided 6,710 $2,242,570,000 $334,213 $5,824 3.11%
Black 1,891 $473,465,000 $250,378 $6,645 3.06%
Asian 1,241 $453,335,000 $365,298 $6,011 3.15%
American Indian 976 $244,240,000 $250,246 $6,529 3.08%
Asian Indian 135 $54,785,000 $405,815 $6,584 3.00%
Other Asian 146 $40,670,000 $278,562 $6,238 3.07%
Filipino 99 $34,495,000 $348,434 $6,890 3.25%
Chinese 47 $20,455,000 $435,213 $5,633 3.16%
Other Pacific Islander 61 $15,995,000 $262,213 $6,410 3.30%
Japanese 33 $13,865,000 $420,152 $6,386 3.11%
Native Hawaiian 46 $13,830,000 $300,652 $6,407 3.18%
Korean 25 $8,285,000 $331,400 $5,863 3.11%
Vietnamese 22 $7,050,000 $320,455 $7,815 3.07%
Guamanian 4 $1,300,000 $325,000 $8,589 3.31%
Native Hawiian 4 $1,210,000 $302,500 $5,310 3.12%
Samoan 3 $885,000 $295,000 $9,164 2.96%

Approval Rates

Total approvals of all applications
97.82%

Cornerstone Home Lending 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
79.97%

Cornerstone Home Lending has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 36,540 $11,302,500,000 $309,319

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 279 $57,155,000 $204,857
Single Family (1-4 Units):Site-Built 36,261 $11,245,345,000 $310,122

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,220 $337,210,000 $276,402 $4,436 3.02%
40-60% 4,324 $1,411,280,000 $326,383 $4,558 3.05%
60-80% 11,509 $4,003,125,000 $347,826 $5,117 3.21%
80-100% 17,861 $5,222,575,000 $292,401 $6,409 3.21%
Over 100% 947 $302,605,000 $319,541 $10,105 3.10%
Under 20% 674 $23,510,000 $34,881 $557 0.44%