Hamilton Home Loans Mortgage Rates, Fees & Info
SUNRISE, FLLEI: 549300D2MZZVH30ENJ10
Tax ID: 35-2195549
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Mortgage Data
Review & Overview
Hamilton Home Loans is a smaller 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 by origination volume include: Miami, Cape Coral, Orlando, Jacksonville, and Tampa among others. We have data for 74 markets. (Some data included below & more in-depth data is available with an active subscription.)Hamilton Home Loans 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. Hamilton Home Loans 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.15% | 4/21/24 |
| 30 Year Conventional Refi | 6.79% | 4/21/24 |
| 30 Year Cash-out Refi | 7.07% | 4/21/24 |
| 30 Year FHA Purchase | 7.67% | 4/21/24 |
| 30 Year FHA Refi | 7.67% | 4/21/24 |
| 30 Year VA Purchase | 6.55% | 4/21/24 |
| 30 Year USDA Purchase | 7.16% | 4/21/24 |
| 15 Year Conventional Purchase | 6.44% | 4/21/24 |
| 15 Year Conventional Refi | 6.32% | 4/21/24 |
| 15 Year Cash-out Refi | 6.32% | 4/21/24 |
| 15 Year VA Refi | 5.68% | 4/21/24 |
| 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. | ||
Hamilton Home Loans Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,304Origination Dollar Volume (All Markets)
$706,660,000Awards
HAMILTON HOME LOANS - 2018
HAMILTON HOME LOANS is a 2018 , due to their low .
For 2018, 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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1,059 | $272,555,000 | $257,370 | $7,743 | 5.10% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 324 | $67,990,000 | $209,846 | $5,650 | 4.96% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 283 | $60,095,000 | $212,350 | $6,811 | 5.20% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 251 | $51,615,000 | $205,637 | $6,737 | 5.11% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 241 | $47,095,000 | $195,415 | $5,887 | 5.09% |
| OCALA, FL (FHA|USDA|VA) | 201 | $30,785,000 | $153,159 | $5,809 | 5.12% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 135 | $22,215,000 | $164,556 | $7,115 | 5.17% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 114 | $19,000,000 | $166,667 | $5,212 | 4.98% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 75 | $12,415,000 | $165,533 | $5,693 | 5.10% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 69 | $10,875,000 | $157,609 | $6,552 | 5.20% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 36 | $10,360,000 | $287,778 | $8,847 | 4.82% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 33 | $9,795,000 | $296,818 | $9,223 | 5.07% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 48 | $9,770,000 | $203,542 | $7,931 | 5.09% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 51 | $8,605,000 | $168,725 | $5,388 | 5.06% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 41 | $7,775,000 | $189,634 | $4,470 | 5.09% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 28 | $7,560,000 | $270,000 | $6,995 | 5.19% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 32 | $6,220,000 | $194,375 | $4,834 | 4.72% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 28 | $5,890,000 | $210,357 | $6,377 | 5.12% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 18 | $3,870,000 | $215,000 | $7,000 | 4.89% |
| BURLINGTON, NC (FHA|USDA|VA) | 15 | $2,705,000 | $180,333 | $5,787 | 4.94% |
| Outside of Metro Areas | 18 | $2,680,000 | $148,889 | $6,087 | 5.15% |
| SANTA FE, NM (FHA|USDA|VA) | 11 | $2,565,000 | $233,182 | $8,869 | 4.94% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 10 | $2,460,000 | $246,000 | $6,904 | 4.93% |
| ROANOKE, VA (FHA|USDA|VA) | 14 | $2,270,000 | $162,143 | $6,122 | 5.13% |
| TULSA, OK (FHA|USDA|VA) | 15 | $2,115,000 | $141,000 | $5,757 | 5.30% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 12 | $1,790,000 | $149,167 | $3,960 | 5.10% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 8 | $1,750,000 | $218,750 | $9,642 | 5.11% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $1,460,000 | $243,333 | $8,007 | 5.12% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 14 | $1,390,000 | $99,286 | $4,883 | 5.31% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 6 | $1,360,000 | $226,667 | $8,958 | 4.71% |
| GAINESVILLE, FL (FHA|USDA|VA) | 6 | $1,330,000 | $221,667 | $6,820 | 4.87% |
| THE VILLAGES, FL (FHA|USDA|VA) | 9 | $1,315,000 | $146,111 | $6,329 | 5.24% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 6 | $1,270,000 | $211,667 | $4,880 | 5.25% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $6,633 | 5.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $7,236 | 5.02% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $8,240 | 5.28% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $7,257 | 4.83% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 6 | $860,000 | $143,333 | $5,009 | 4.50% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $5,312 | 4.59% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $9,922 | 5.19% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $5,079 | 4.87% |
| Key West, FL (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $5,275 | 5.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 5 | $615,000 | $123,000 | $4,806 | 5.22% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $8,796 | 5.08% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $4,170 | 5.56% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $6,402 | 5.50% |
| NEW BERN, NC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $7,785 | 5.25% |
| LYNCHBURG, VA (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $5,091 | 5.13% |
| WACO, TX (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $4,971 | 4.96% |
| Rio Grande City-Roma, TX (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $6,297 | 5.12% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $3,835 | 5.04% |
| Shelby, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,274 | 4.75% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,423 | 5.50% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,097 | 4.99% |
| Palatka, FL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $6,126 | 5.25% |
| Seneca, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,103 | 4.88% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,732 | 4.88% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,914 | 4.63% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,969 | 4.50% |
| Lake City, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,227 | 4.88% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,075 | 5.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,326 | 5.75% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,434 | 4.50% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,228 | 5.88% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,217 | 5.38% |
| Alice, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,882 | 4.88% |
| Martinsville, VA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $525 | 4.75% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $8,146 | 4.50% |
| Deming, NM (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,019 | 5.38% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,970 | 5.38% |
| Danville, VA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,213 | 5.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,593 | 5.38% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,050 | 4.63% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,134 | 5.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against HAMILTON HOME LOANS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2018, Hamilton Home Loans's most frequently originated type of loan was Conventional, with 1,965 originations. Their 2nd most popular type was FHA, with 1,041 originations.
Loan Reason
For 2018, Hamilton Home Loans's most frequently cited loan purpose was Home Purchase, with 3,007 originations. The 2nd most popular reason was Cash Out Refi, with 218 originations.
Loan Duration/Length
For 2018, Hamilton Home Loans's most frequently cited loan duration was 30 Year, with 3,022 originations. The 2nd most popular length was Other, with 191 originations.
Origination Fees/Closing Costs
Hamilton Home Loans's average total fees were $6,932, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,519 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1,692 | $383,700,000 | $226,773 |
| 5-6% | 1,550 | $309,960,000 | $199,974 |
| 6-7% | 33 | $6,205,000 | $188,030 |
| 3-4% | 29 | $6,795,000 | $234,310 |
During 2018, Hamilton Home Loans's average interest rate for loans was 5.11%, while their most frequently originated rate bucket for loans was 4-5%, with 1,692 originations.
Loan Sizing
2018 saw Hamilton Home Loans place emphasis on $100k-200k loans with 1,418 originations, totaling $216,690,000 in origination value.
Applicant Income
Hamilton Home Loans lent most frequently to those with incomes in the $50k-75k range, with 988 originations. The second most popular income band? $50k or less, with 900 originations.
Applicant Debt to Income Ratio
Hamilton Home Loans lent most frequently to those with DTI ratios of 20-30%, with 1,068 originations. The next most common DTI ratio? <20%, with 775 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.66%
Hamilton Home Loans has an average approval rate.
Pick Rate
Approvals leading to origination81.27%
Hamilton Home Loans has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,304 | $706,660,000 | $213,880 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 13 | $1,645,000 | $126,538 |
| Single Family (1-4 Units):Site-Built | 3,291 | $705,015,000 | $214,225 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| HAMILTON GROUP FUNDING, INC. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |