Hamilton Home Loans Mortgage Rates, Fees & Info

SUNRISE, FL

LEI: 549300D2MZZVH30ENJ10

Tax ID: 35-2195549

3 stars - out of 5 stars, based on 77 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Hamilton Home Loans is a small mortgage company specializing in Home Purchase loans. Hamilton Home Loans 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 Miami, Cape Coral, Tampa, Jacksonville, and Orlando among others. Hamilton Home Loans has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Hamilton Home Loans is typically a high fee lendor.


Originations

5,945

Origination Dollar Volume (All Markets)

$1,542,825,000
Show all (5) awards

Relative Rate

Hamilton Home Loans 's average 30 year fixed rate mortgage of loans were 3.36%.

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

This yields a difference of 0.21%.

Relative Fees

Hamilton Home Loans 's average total fees for a 30 year fixed rate mortgage are $6,130.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1,705 $507,395,000 $297,592 $6,701 3.33%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 580 $140,440,000 $242,138 $5,416 3.30%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 481 $116,785,000 $242,796 $4,911 3.25%
JACKSONVILLE, FL (FHA|USDA|VA) 359 $83,895,000 $233,691 $5,754 3.30%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 331 $83,345,000 $251,798 $5,998 3.36%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 300 $82,690,000 $275,633 $5,879 3.32%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 243 $75,145,000 $309,239 $4,259 3.18%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 272 $52,080,000 $191,471 $6,567 3.25%
PORT ST. LUCIE, FL (FHA|USDA|VA) 147 $39,115,000 $266,088 $7,375 3.36%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 137 $31,495,000 $229,891 $5,348 3.45%
OCALA, FL (FHA|USDA|VA) 156 $30,570,000 $195,962 $4,891 3.43%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 130 $25,730,000 $197,923 $4,969 3.29%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 86 $18,910,000 $219,884 $6,396 3.43%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 61 $18,835,000 $308,770 $7,860 3.27%
WINSTON-SALEM, NC (FHA|USDA|VA) 79 $16,095,000 $203,734 $5,939 3.16%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 67 $15,155,000 $226,194 $4,630 3.09%
RALEIGH-CARY, NC (FHA|USDA|VA) 53 $14,205,000 $268,019 $5,336 3.24%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 46 $13,580,000 $295,217 $6,134 3.24%
PUNTA GORDA, FL (FHA|USDA|VA) 50 $12,310,000 $246,200 $4,419 3.25%
GAINESVILLE, FL (FHA|USDA|VA) 52 $11,680,000 $224,615 $6,010 3.44%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 46 $11,620,000 $252,609 $5,620 3.31%
WACO, TX (FHA|USDA|VA) 44 $10,650,000 $242,045 $6,368 3.48%
Outside of Metro Areas 47 $9,815,000 $208,830 $5,832 3.49%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 23 $9,255,000 $402,391 $11,559 3.33%
BURLINGTON, NC (FHA|USDA|VA) 24 $6,330,000 $263,750 $5,820 3.19%
RICHMOND, VA (FHA|USDA|VA) 23 $5,225,000 $227,174 $4,139 3.44%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 9 $4,205,000 $467,222 $5,660 3.32%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 7 $4,055,000 $579,286 $8,213 3.19%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 16 $3,870,000 $241,875 $6,329 3.37%
TALLAHASSEE, FL (FHA|USDA|VA) 16 $3,720,000 $232,500 $4,053 3.14%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 17 $3,695,000 $217,353 $6,540 3.45%
Key West, FL (FHA|USDA|VA) 6 $3,500,000 $583,333 $9,527 3.31%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 14 $3,490,000 $249,286 $4,618 3.37%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 15 $3,225,000 $215,000 $6,613 3.23%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 14 $3,090,000 $220,714 $4,808 3.08%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 18 $3,080,000 $171,111 $5,870 3.37%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 16 $3,000,000 $187,500 $5,178 3.37%
KANSAS CITY, MO-KS (FHA|USDA|VA) 11 $2,975,000 $270,455 $4,367 3.59%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 10 $2,890,000 $289,000 $5,998 3.33%
THE VILLAGES, FL (FHA|USDA|VA) 12 $2,480,000 $206,667 $4,365 3.17%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 10 $2,470,000 $247,000 $7,161 3.30%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 10 $2,460,000 $246,000 $5,537 3.45%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 7 $2,265,000 $323,571 $8,573 3.36%
ASHEVILLE, NC (FHA|USDA|VA) 7 $2,135,000 $305,000 $7,535 3.45%
Frankfort, KY (FHA|USDA|VA) 9 $2,115,000 $235,000 $5,253 3.39%
Clewiston, FL (FHA|USDA|VA) 10 $2,030,000 $203,000 $5,940 3.40%
Sevierville, TN (FHA|USDA|VA) 3 $1,755,000 $585,000 $3,873 3.50%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 9 $1,715,000 $190,556 $4,969 3.32%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 7 $1,435,000 $205,000 $5,427 3.39%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 5 $1,405,000 $281,000 $4,025 3.30%
FAYETTEVILLE, NC (FHA|USDA|VA) 9 $1,375,000 $152,778 $4,672 3.49%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $1,355,000 $451,667 $4,612 3.79%
Pahrump, NV (FHA|USDA|VA) 5 $1,265,000 $253,000 $7,277 3.43%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 6 $1,250,000 $208,333 $5,772 3.31%
Richmond-Berea, KY (FHA|USDA|VA) 5 $1,235,000 $247,000 $4,016 3.00%
Palatka, FL (FHA|USDA|VA) 7 $1,045,000 $149,286 $4,837 3.80%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $920,000 $460,000 $5,250 3.19%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 4 $840,000 $210,000 $8,458 3.34%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $820,000 $410,000 $8,013 3.38%
Mount Pleasant, TX (FHA|USDA|VA) 1 $805,000 $805,000 $8,387 3.88%
PANAMA CITY, FL (FHA|USDA|VA) 3 $805,000 $268,333 $7,731 3.75%
COLUMBUS, OH (FHA|USDA|VA) 4 $780,000 $195,000 $5,787 3.50%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $740,000 $370,000 $3,682 3.56%
COLUMBIA, SC (FHA|USDA|VA) 2 $730,000 $365,000 $5,705 3.25%
GREENVILLE, NC (FHA|USDA|VA) 3 $705,000 $235,000 $3,585 3.13%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $680,000 $340,000 $4,883 3.43%
RENO, NV (FHA|USDA|VA) 2 $670,000 $335,000 $10,445 3.06%
Danville, KY (FHA|USDA|VA) 5 $615,000 $123,000 $4,488 3.07%
Okeechobee, FL (FHA|USDA|VA) 3 $605,000 $201,667 $5,912 3.54%
Albemarle, NC (FHA|USDA|VA) 2 $600,000 $300,000 $10,349 3.13%
SALT LAKE CITY, UT (FHA|USDA|VA) 2 $600,000 $300,000 $5,952 2.75%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $575,000 $575,000 $7,744 2.88%
Bardstown, KY (FHA|USDA|VA) 2 $570,000 $285,000 $4,835 3.25%
ST. GEORGE, UT (FHA|USDA|VA) 1 $545,000 $545,000 $4,399 3.25%
STOCKTON, CA (FHA|USDA|VA) 1 $495,000 $495,000 $4,334 3.25%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $490,000 $245,000 $4,636 3.25%
Heber, UT (FHA|USDA|VA) 1 $485,000 $485,000 $6,655 2.25%
Lake City, FL (FHA|USDA|VA) 3 $475,000 $158,333 $4,693 3.33%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $470,000 $235,000 $8,574 3.25%
Rio Grande City-Roma, TX (FHA|USDA|VA) 3 $415,000 $138,333 $7,873 2.88%
Cullowhee, NC (FHA|USDA|VA) 1 $415,000 $415,000 $3,535 2.75%
CHICO, CA (FHA|USDA|VA) 1 $385,000 $385,000 $4,176 3.38%
Morehead City, NC (FHA|USDA|VA) 2 $370,000 $185,000 $2,797 2.75%
DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $365,000 $121,667 $5,337 3.58%
Jacksonville, TX (FHA|USDA|VA) 1 $365,000 $365,000 $7,015 3.88%
FRESNO, CA (FHA|USDA|VA) 1 $355,000 $355,000 $2,443 3.88%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $345,000 $345,000 $9,562 3.38%
London, KY (FHA|USDA|VA) 2 $340,000 $170,000 $4,858 3.19%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $330,000 $165,000 $3,547 3.13%
Arcadia, FL (FHA|USDA|VA) 2 $330,000 $165,000 $4,682 3.31%
KNOXVILLE, TN (FHA|USDA|VA) 1 $325,000 $325,000 $4,290 2.38%
GOLDSBORO, NC (FHA|USDA|VA) 2 $310,000 $155,000 $5,289 3.19%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $300,000 $150,000 $9,819 2.56%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $300,000 $150,000 $6,049 3.12%
Kingsville, TX (FHA|USDA|VA) 2 $290,000 $145,000 $4,995 3.56%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $285,000 $285,000 $7,784 2.75%
Wilson, NC (FHA|USDA|VA) 1 $285,000 $285,000 $4,382 3.63%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $275,000 $275,000 $14,137 2.88%
Somerset, KY (FHA|USDA|VA) 1 $265,000 $265,000 $3,881 3.88%
Mount Airy, NC (FHA|USDA|VA) 2 $260,000 $130,000 $2,129 2.87%
Campbellsville, KY (FHA|USDA|VA) 1 $235,000 $235,000 $2,122 2.25%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $235,000 $235,000 $6,616 2.88%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $225,000 $225,000 $3,656 3.88%
LONGVIEW, TX (FHA|USDA|VA) 1 $215,000 $215,000 $5,121 3.50%
JACKSON, TN (FHA|USDA|VA) 1 $205,000 $205,000 $8,155 2.50%
Waycross, GA (FHA|USDA|VA) 1 $205,000 $205,000 $6,129 3.13%
Shelby, NC (FHA|USDA|VA) 1 $205,000 $205,000 $6,378 3.25%
WILMINGTON, NC (FHA|USDA|VA) 1 $205,000 $205,000 $4,786 2.75%
HINESVILLE, GA (FHA|USDA|VA) 1 $195,000 $195,000 $6,922 2.25%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $185,000 $185,000 $3,711 3.50%
VICTORIA, TX (FHA|USDA|VA) 2 $180,000 $90,000 $3,993 4.44%
LYNCHBURG, VA (FHA|USDA|VA) 1 $175,000 $175,000 $2,192 3.50%
Sanford, NC (FHA|USDA|VA) 1 $165,000 $165,000 $3,766 3.75%
Thomaston, GA (FHA|USDA|VA) 1 $165,000 $165,000 $8,434 3.50%
Cedar City, UT (FHA|USDA|VA) 1 $155,000 $155,000 $3,170 3.38%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $155,000 $155,000 $7,522 3.25%
NILES, MI (FHA|USDA|VA) 1 $145,000 $145,000 $3,622 3.38%
North Wilkesboro, NC (FHA|USDA|VA) 1 $135,000 $135,000 $4,531 2.88%
Kinston, NC (FHA|USDA|VA) 1 $135,000 $135,000 $2,879 3.63%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $135,000 $135,000 $2,884 3.75%
AMARILLO, TX (FHA|USDA|VA) 1 $115,000 $115,000 $5,179 4.50%
LUBBOCK, TX (FHA|USDA|VA) 1 $105,000 $105,000 $4,432 4.63%
Danville, VA (FHA|USDA|VA) 1 $85,000 $85,000 $4,817 2.99%

Hamilton Home Loans 's top markets include Miami, Cape Coral, Tampa, Jacksonville, and Orlando among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 4,336 $1,129,280,000 $260,443 $4,897 3.36%
FHA 1,184 $288,950,000 $244,046 $9,340 3.23%
VA 376 $115,680,000 $307,660 $7,169 3.03%
USDA 49 $8,915,000 $181,939 $5,676 3.04%

For the 2021 period, Hamilton Home Loans 's most frequently originated loan type of loans were Conventional, with 4,336 originations. Their 2nd most popular type is FHA, with 1,184 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 4,013 $1,059,025,000 $263,899 $6,567 3.36%
Refi 987 $237,225,000 $240,350 $4,133 3.09%
Cash Out Refi 850 $226,900,000 $266,941 $5,220 3.34%
Other 93 $19,055,000 $204,892 $4,588 3.49%
Home Improvement 2 $620,000 $310,000 $5,448 3.25%

For the 2021, Hamilton Home Loans 's most frequently cited loan purpose of loans were Home Purchase, with 4,013 originations. The 2nd most popular reason of loans were Refi, with 987 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 5,404 $1,421,420,000 $263,031 $6,130 3.36%
15 Year 376 $81,960,000 $217,979 $3,906 2.76%
20 Year 111 $26,605,000 $239,685 $4,175 3.13%
Other 30 $8,320,000 $277,333 $5,196 3.15%
10 Year 24 $4,520,000 $188,333 $3,830 2.55%

For the 2021, Hamilton Home Loans 's most frequently cited loan length of loans were 30 Year, with 5,404 originations. The 2nd most popular length of loans were 15 Year, with 376 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 2,163 $539,195,000 $249,281
$<1k 1,660 $427,660,000 $257,627
$2k-3k 899 $221,745,000 $246,657
$3k-4k 826 $215,590,000 $261,005
$5k+ 366 $129,990,000 $355,164

$6,130 of loans were Hamilton Home Loans 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 2,163 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 3,918 $1,022,580,000 $260,995
2.5-3% 1,508 $392,710,000 $260,418
4-5% 282 $65,770,000 $233,227
<2.5% 236 $61,560,000 $260,847
5-6% 1 $205,000 $205,000

During 2021, Hamilton Home Loans 's average interest rate of loans were 3.36%, while their most frequently originated rate bucket of loans were 3-4%, with 3,918 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 3,103 $871,445,000 $280,840 $6,492 3.31%
$100k-200k 1,836 $285,590,000 $155,550 $4,740 3.33%
$400k-600k 638 $301,160,000 $472,038 $7,365 3.27%
$100,000 or less 297 $23,575,000 $79,377 $3,488 3.36%
$600k-1MM 56 $39,550,000 $706,250 $9,251 3.41%
$1MM+ 15 $21,505,000 $1,433,667 $14,487 3.33%

2021 saw Hamilton Home Loans place emphasis on $200k-400k loans with 3,103 originations, totaling $871,445,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 1,736 $391,640,000 $225,599 $6,275 3.31%
$100k-150k 1,147 $340,455,000 $296,822 $5,638 3.32%
$75k-100k 1,122 $305,170,000 $271,988 $6,183 3.33%
$50k or less 1,097 $183,285,000 $167,078 $5,446 3.28%
$150k-250k 621 $217,585,000 $350,378 $5,683 3.31%
$250k+ 222 $104,690,000 $471,577 $6,773 3.34%

Hamilton Home Loans lent most frequently to those with incomes in the $50k-75k range, with 1,736 originations. The second most popular income band? $100k-150k, with 1,147 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 930 $234,950,000 $252,634 $5,329 3.31%
20-30% 838 $214,210,000 $255,621 $4,919 3.25%
50-60% 548 $148,190,000 $270,420 $9,499 3.23%
44% 312 $83,210,000 $266,699 $5,963 3.36%
49% 310 $80,990,000 $261,258 $6,260 3.37%
43% 292 $74,750,000 $255,993 $5,854 3.38%
41% 262 $70,910,000 $270,649 $5,530 3.39%
42% 254 $67,250,000 $264,764 $5,728 3.39%
48% 243 $62,535,000 $257,346 $6,409 3.33%
<20% 234 $55,490,000 $237,137 $4,439 3.21%
40% 230 $63,840,000 $277,565 $5,637 3.37%
45% 228 $59,420,000 $260,614 $6,003 3.37%
38% 209 $56,305,000 $269,402 $5,556 3.33%
39% 209 $53,715,000 $257,010 $5,677 3.36%
47% 206 $51,130,000 $248,204 $6,354 3.38%
46% 206 $51,260,000 $248,835 $6,186 3.35%
37% 193 $50,765,000 $263,031 $5,615 3.34%
36% 166 $44,030,000 $265,241 $5,714 3.30%
>60% 69 $18,165,000 $263,261 $5,018 2.87%

Hamilton Home Loans lent most frequently to those with DTI ratios of 30-36%, with 930 originations. The next most common DTI ratio? 20-30%, with 838 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 4,574 $1,185,550,000 $259,193 $5,870 3.31%
Not provided 679 $180,155,000 $265,324 $5,821 3.31%
Black 534 $136,290,000 $255,225 $6,920 3.31%
Asian 141 $35,575,000 $252,305 $4,923 3.31%
American Indian 8 $1,820,000 $227,500 $3,894 3.56%
Native Hawaiian 4 $1,490,000 $372,500 $9,006 3.66%
Other Asian 2 $800,000 $400,000 $7,664 3.50%
Filipino 2 $790,000 $395,000 $6,499 3.93%
Japanese 1 $355,000 $355,000 $15,671 2.99%

Approval Rates

Total approvals of all applications
94.53%

Hamilton Home Loans has an average approval rate.

Pick Rate

Approvals leading to origination
82.77%

Hamilton Home Loans has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 5,945 $1,542,825,000 $259,516

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
5,945 $1,542,825,000 $259,516

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 162 $28,770,000 $177,593 $4,270 3.05%
40-60% 545 $120,055,000 $220,284 $4,038 3.12%
60-80% 2,029 $519,505,000 $256,040 $4,908 3.38%
80-100% 3,126 $849,630,000 $271,795 $6,858 3.32%
Over 100% 76 $23,380,000 $307,632 $12,669 3.12%
Under 20% 7 $1,485,000 $212,143 $3,261 2.98%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
HAMILTON GROUP FUNDING, INC. Conventional home mortgage Trouble during payment process 2 100.0%