Absolute Home Mortgage Corporation Rates, Fees & Info

Fairfield, NJ

LEI: 549300D4ZYLSQ5LMTV35

Tax ID: 22-3603829

3.7 stars - out of 5 stars, based on 84 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Absolute Home Mortgage Corporation is a small mortgage company specializing in Home Purchase and Refi loans. Absolute Home Mortgage Corporation 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 New York, Philadelphia, Miami, Baltimore, and Tampa among others. Absolute Home Mortgage Corporation 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. Absolute Home Mortgage Corporation is typically a high fee lendor.


Originations

7,054

Origination Dollar Volume (All Markets)

$2,147,940,000
Show all (24) awards

Relative Rate

Absolute Home Mortgage Corporation's average 30 year fixed rate mortgage of loans were 3.09%.

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

This yields a difference of -0.06%.

Relative Fees

Absolute Home Mortgage Corporation's average total fees for a 30 year fixed rate mortgage are $6,240.

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
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2,489 $869,845,000 $349,476 $6,596 3.02%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1,128 $297,260,000 $263,528 $6,171 3.09%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 509 $147,405,000 $289,597 $7,057 3.10%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 346 $106,490,000 $307,775 $4,644 2.95%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 337 $84,215,000 $249,896 $6,330 3.14%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 184 $72,270,000 $392,772 $3,213 2.82%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 250 $63,430,000 $253,720 $5,616 3.14%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 131 $45,625,000 $348,282 $4,471 2.75%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 67 $30,595,000 $456,642 $3,264 2.82%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 119 $29,025,000 $243,908 $6,685 3.07%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 105 $25,535,000 $243,190 $5,175 3.14%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 60 $18,410,000 $306,833 $4,262 2.87%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 34 $18,050,000 $530,882 $3,580 2.73%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 43 $15,645,000 $363,837 $3,577 2.80%
PORT ST. LUCIE, FL (FHA|USDA|VA) 57 $15,605,000 $273,772 $8,139 3.11%
JACKSONVILLE, FL (FHA|USDA|VA) 64 $15,070,000 $235,469 $5,945 3.07%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 45 $12,295,000 $273,222 $3,669 2.74%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 41 $11,545,000 $281,585 $4,298 3.01%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 38 $10,650,000 $280,263 $5,984 3.01%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 44 $9,800,000 $222,727 $3,211 2.76%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 34 $9,740,000 $286,471 $4,174 2.75%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 43 $9,475,000 $220,349 $5,140 3.03%
EAST STROUDSBURG, PA (FHA|USDA|VA) 34 $8,570,000 $252,059 $7,033 3.19%
RICHMOND, VA (FHA|USDA|VA) 24 $8,520,000 $355,000 $3,953 2.94%
RALEIGH-CARY, NC (FHA|USDA|VA) 21 $7,695,000 $366,429 $4,266 2.89%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 31 $7,565,000 $244,032 $3,155 2.66%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 30 $7,410,000 $247,000 $6,936 3.03%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 32 $7,140,000 $223,125 $6,862 3.11%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 18 $6,910,000 $383,889 $3,006 2.81%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 26 $6,800,000 $261,538 $4,055 2.93%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 23 $6,465,000 $281,087 $4,936 3.16%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 40 $6,420,000 $160,500 $5,676 2.99%
Outside of Metro Areas 27 $5,965,000 $220,926 $4,717 2.85%
SALISBURY, MD-DE (FHA|USDA|VA) 21 $5,645,000 $268,810 $5,902 3.04%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 16 $5,580,000 $348,750 $5,190 2.89%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 17 $5,355,000 $315,000 $4,971 3.11%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 19 $5,215,000 $274,474 $7,117 3.08%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 19 $5,165,000 $271,842 $3,895 2.91%
PITTSBURGH, PA (FHA|USDA|VA) 20 $5,150,000 $257,500 $4,472 2.96%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 24 $4,130,000 $172,083 $5,306 3.18%
OCEAN CITY, NJ (FHA|USDA|VA) 11 $4,125,000 $375,000 $6,524 3.02%
Kill Devil Hills, NC (FHA|USDA|VA) 2 $3,810,000 $1,905,000 $4,578 2.81%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 15 $3,555,000 $237,000 $5,486 3.35%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 12 $3,510,000 $292,500 $6,417 3.00%
VALLEJO, CA (FHA|USDA|VA) 8 $3,430,000 $428,750 $2,898 2.93%
READING, PA (FHA|USDA|VA) 15 $3,215,000 $214,333 $7,414 3.21%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 11 $3,135,000 $285,000 $3,886 3.01%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 10 $3,030,000 $303,000 $3,340 2.93%
STOCKTON, CA (FHA|USDA|VA) 10 $2,980,000 $298,000 $2,942 2.96%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 9 $2,825,000 $313,889 $6,965 3.03%
DOVER, DE (FHA|USDA|VA) 10 $2,610,000 $261,000 $6,381 3.14%
AKRON, OH (FHA|USDA|VA) 13 $2,465,000 $189,615 $5,162 3.11%
FRESNO, CA (FHA|USDA|VA) 9 $2,355,000 $261,667 $3,570 2.71%
COLUMBUS, OH (FHA|USDA|VA) 9 $2,145,000 $238,333 $2,386 2.61%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 9 $2,075,000 $230,556 $3,961 2.85%
OCALA, FL (FHA|USDA|VA) 11 $1,975,000 $179,545 $5,136 3.03%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 9 $1,755,000 $195,000 $5,576 3.21%
COLUMBIA, SC (FHA|USDA|VA) 6 $1,680,000 $280,000 $4,722 2.60%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 6 $1,670,000 $278,333 $6,418 3.15%
Key West, FL (FHA|USDA|VA) 2 $1,610,000 $805,000 $5,836 2.81%
LANCASTER, PA (FHA|USDA|VA) 7 $1,575,000 $225,000 $4,973 2.71%
CANTON-MASSILLON, OH (FHA|USDA|VA) 9 $1,555,000 $172,778 $6,734 2.78%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 5 $1,495,000 $299,000 $5,804 2.73%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 4 $1,310,000 $327,500 $5,905 2.84%
THE VILLAGES, FL (FHA|USDA|VA) 4 $1,280,000 $320,000 $4,409 2.84%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $1,185,000 $395,000 $7,189 3.21%
TUCSON, AZ (FHA|USDA|VA) 6 $1,180,000 $196,667 $2,968 2.79%
VISALIA, CA (FHA|USDA|VA) 5 $1,145,000 $229,000 $3,850 2.70%
Georgetown, SC (FHA|USDA|VA) 4 $1,130,000 $282,500 $5,784 3.18%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 5 $1,115,000 $223,000 $6,118 3.20%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 5 $1,085,000 $217,000 $3,739 2.77%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 6 $1,070,000 $178,333 $4,599 3.10%
BAKERSFIELD, CA (FHA|USDA|VA) 5 $1,065,000 $213,000 $2,473 2.83%
YORK-HANOVER, PA (FHA|USDA|VA) 5 $1,015,000 $203,000 $5,021 2.95%
WINSTON-SALEM, NC (FHA|USDA|VA) 4 $980,000 $245,000 $3,586 2.93%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 4 $980,000 $245,000 $5,174 2.94%
MODESTO, CA (FHA|USDA|VA) 4 $970,000 $242,500 $2,275 2.81%
EL CENTRO, CA (FHA|USDA|VA) 4 $970,000 $242,500 $2,291 2.91%
REDDING, CA (FHA|USDA|VA) 4 $960,000 $240,000 $3,643 3.13%
GLENS FALLS, NY (FHA|USDA|VA) 4 $950,000 $237,500 $6,056 3.09%
SALINAS, CA (FHA|USDA|VA) 3 $945,000 $315,000 $3,080 2.79%
PUNTA GORDA, FL (FHA|USDA|VA) 4 $920,000 $230,000 $4,278 3.19%
BOULDER, CO (FHA|USDA|VA) 3 $875,000 $291,667 $2,764 2.83%
GAINESVILLE, FL (FHA|USDA|VA) 3 $875,000 $291,667 $5,556 3.25%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $815,000 $271,667 $2,361 3.04%
Hudson, NY (FHA|USDA|VA) 3 $815,000 $271,667 $4,173 2.92%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $805,000 $268,333 $2,806 2.79%
MADERA, CA (FHA|USDA|VA) 3 $805,000 $268,333 $2,794 2.75%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $790,000 $395,000 $6,757 2.75%
WINCHESTER, VA-WV (FHA|USDA|VA) 3 $755,000 $251,667 $3,853 2.88%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $735,000 $245,000 $3,229 2.96%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $730,000 $365,000 $6,032 3.00%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $720,000 $360,000 $2,736 2.81%
Lake City, FL (FHA|USDA|VA) 3 $695,000 $231,667 $6,144 3.25%
Clewiston, FL (FHA|USDA|VA) 3 $695,000 $231,667 $9,087 2.92%
TALLAHASSEE, FL (FHA|USDA|VA) 4 $680,000 $170,000 $6,088 3.22%
Albemarle, NC (FHA|USDA|VA) 4 $680,000 $170,000 $5,543 2.69%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 3 $675,000 $225,000 $4,709 2.79%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 3 $655,000 $218,333 $5,719 2.83%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $650,000 $325,000 $3,259 3.06%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $620,000 $310,000 $2,562 2.63%
ROANOKE, VA (FHA|USDA|VA) 2 $610,000 $305,000 $2,425 2.68%
GETTYSBURG, PA (FHA|USDA|VA) 3 $605,000 $201,667 $7,276 3.29%
Truckee-Grass Valley, CA (FHA|USDA|VA) 3 $575,000 $191,667 $2,525 2.83%
Chillicothe, OH (FHA|USDA|VA) 2 $570,000 $285,000 $4,289 2.69%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $570,000 $285,000 $3,057 2.75%
Okeechobee, FL (FHA|USDA|VA) 2 $550,000 $275,000 $10,566 3.56%
FORT COLLINS, CO (FHA|USDA|VA) 2 $550,000 $275,000 $4,946 2.75%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $545,000 $545,000 $3,987 2.88%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $535,000 $178,333 $2,271 2.83%
Glenwood Springs, CO (FHA|USDA|VA) 1 $535,000 $535,000 $2,685 2.88%
Torrington, CT (FHA|USDA|VA) 2 $510,000 $255,000 $3,394 3.13%
MERCED, CA (FHA|USDA|VA) 2 $480,000 $240,000 $2,635 3.18%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $460,000 $230,000 $2,994 2.62%
SPRINGFIELD, OH (FHA|USDA|VA) 2 $440,000 $220,000 $5,954 3.43%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $430,000 $215,000 $7,480 3.00%
BURLINGTON, NC (FHA|USDA|VA) 2 $420,000 $210,000 $5,077 3.19%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 2 $410,000 $205,000 $2,803 2.87%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $405,000 $405,000 $3,759 3.63%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $395,000 $395,000 $3,130 2.88%
LEBANON, PA (FHA|USDA|VA) 3 $365,000 $121,667 $4,599 3.04%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $345,000 $345,000 $2,410 2.50%
KINGSTON, NY (FHA|USDA|VA) 1 $345,000 $345,000 $6,827 3.00%
Pottsville, PA (FHA|USDA|VA) 2 $320,000 $160,000 $6,895 3.00%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $310,000 $155,000 $5,967 4.06%
CARBONDALE-MARION, IL (FHA|USDA|VA) 2 $310,000 $155,000 $2,939 2.87%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $300,000 $150,000 $3,065 2.81%
NAPA, CA (FHA|USDA|VA) 1 $295,000 $295,000 $4,621 3.38%
Wauchula, FL (FHA|USDA|VA) 1 $295,000 $295,000 $13,047 2.88%
KANKAKEE, IL (FHA|USDA|VA) 2 $290,000 $145,000 $5,002 3.06%
TOLEDO, OH (FHA|USDA|VA) 2 $290,000 $145,000 $4,782 2.25%
WILMINGTON, NC (FHA|USDA|VA) 1 $275,000 $275,000 $2,885 3.13%
MORRISTOWN, TN (FHA|USDA|VA) 1 $275,000 $275,000 $2,335 2.99%
Palatka, FL (FHA|USDA|VA) 2 $270,000 $135,000 $6,280 3.36%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $265,000 $265,000 $3,316 2.99%
Kinston, NC (FHA|USDA|VA) 1 $265,000 $265,000 $11,352 3.38%
YUMA, AZ (FHA|USDA|VA) 1 $255,000 $255,000 $2,410 2.88%
Show Low, AZ (FHA|USDA|VA) 1 $255,000 $255,000 $2,545 2.99%
LYNCHBURG, VA (FHA|USDA|VA) 1 $255,000 $255,000 $8,148 2.88%
CHICO, CA (FHA|USDA|VA) 1 $245,000 $245,000 $2,260 2.99%
Crossville, TN (FHA|USDA|VA) 1 $245,000 $245,000 $2,315 2.75%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $245,000 $245,000 $2,999 2.50%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $235,000 $235,000 $8,600 3.75%
PEORIA, IL (FHA|USDA|VA) 1 $235,000 $235,000 $2,390 2.87%
Sevierville, TN (FHA|USDA|VA) 1 $235,000 $235,000 $2,215 2.88%
GOLDSBORO, NC (FHA|USDA|VA) 1 $225,000 $225,000 $9,906 4.25%
Bellefontaine, OH (FHA|USDA|VA) 1 $225,000 $225,000 $2,355 2.87%
STAUNTON, VA (FHA|USDA|VA) 1 $225,000 $225,000 $5,775 3.49%
UTICA-ROME, NY (FHA|USDA|VA) 2 $220,000 $110,000 $4,931 3.69%
Indiana, PA (FHA|USDA|VA) 1 $215,000 $215,000 $7,162 3.25%
Gaffney, SC (FHA|USDA|VA) 1 $205,000 $205,000 $3,449 3.25%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $205,000 $205,000 $3,020 2.25%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $205,000 $205,000 $5,950 2.99%
DECATUR, IL (FHA|USDA|VA) 1 $195,000 $195,000 $6,479 2.63%
SPARTANBURG, SC (FHA|USDA|VA) 1 $195,000 $195,000 $3,849 3.75%
Easton, MD (FHA|USDA|VA) 1 $185,000 $185,000 $2,175 2.63%
PANAMA CITY, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,528 3.88%
Sonora, CA (FHA|USDA|VA) 1 $185,000 $185,000 $2,221 2.88%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $185,000 $185,000 $2,813 2.99%
Breckenridge, CO (FHA|USDA|VA) 1 $185,000 $185,000 $3,681 2.87%
HARRISONBURG, VA (FHA|USDA|VA) 1 $175,000 $175,000 $2,134 2.75%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $165,000 $165,000 $3,882 2.25%
Arcadia, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,846 3.13%
Ashtabula, OH (FHA|USDA|VA) 1 $165,000 $165,000 $7,260 2.75%
Greeneville, TN (FHA|USDA|VA) 1 $165,000 $165,000 $3,816 2.38%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $165,000 $165,000 $3,195 2.88%
KNOXVILLE, TN (FHA|USDA|VA) 1 $135,000 $135,000 $2,365 3.12%
Forest City, NC (FHA|USDA|VA) 1 $135,000 $135,000 $3,853 3.00%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $135,000 $135,000 $6,209 3.63%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $135,000 $135,000 $7,135 2.88%
ELMIRA, NY (FHA|USDA|VA) 1 $105,000 $105,000 $4,835 3.38%
Cambridge, MD (FHA|USDA|VA) 1 $55,000 $55,000 $3,404 3.75%

Absolute Home Mortgage Corporation's top markets include New York, Philadelphia, Miami, Baltimore, and Tampa among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 5,589 $1,723,455,000 $308,366 $4,836 3.02%
FHA 1,233 $350,775,000 $284,489 $10,380 3.07%
VA 193 $65,105,000 $337,332 $8,432 2.85%
USDA 39 $8,605,000 $220,641 $6,895 3.14%

For the 2021 period, Absolute Home Mortgage Corporation's most frequently originated loan type of loans were Conventional, with 5,589 originations. Their 2nd most popular type is FHA, with 1,233 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 3,368 $1,060,620,000 $314,911 $7,365 3.15%
Refi 2,314 $682,050,000 $294,749 $4,214 2.79%
Cash Out Refi 1,372 $405,270,000 $295,386 $5,227 3.11%

For the 2021, Absolute Home Mortgage Corporation's most frequently cited loan purpose of loans were Home Purchase, with 3,368 originations. The 2nd most popular reason of loans were Refi, with 2,314 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 6,067 $1,879,425,000 $309,778 $6,240 3.09%
15 Year 531 $142,055,000 $267,524 $3,907 2.46%
20 Year 272 $75,660,000 $278,162 $3,933 2.78%
Other 135 $41,275,000 $305,741 $4,111 2.90%
10 Year 49 $9,525,000 $194,388 $3,329 2.35%

For the 2021, Absolute Home Mortgage Corporation's most frequently cited loan length of loans were 30 Year, with 6,067 originations. The 2nd most popular length of loans were 15 Year, with 531 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 4,402 $1,361,900,000 $309,382
$3k-4k 758 $200,640,000 $264,697
$2k-3k 672 $178,890,000 $266,205
$<1k 623 $185,805,000 $298,242
$5k+ 592 $219,090,000 $370,084

$6,240 of loans were Absolute Home Mortgage Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 4,402 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 3,093 $969,885,000 $313,574
3-4% 3,015 $895,555,000 $297,033
<2.5% 841 $257,395,000 $306,058
4-5% 104 $24,850,000 $238,942
5-6% 1 $255,000 $255,000

During 2021, Absolute Home Mortgage Corporation's average interest rate of loans were 3.09%, while their most frequently originated rate bucket of loans were 2.5-3%, with 3,093 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 4,025 $1,156,265,000 $287,271 $5,919 3.01%
$100k-200k 1,483 $239,145,000 $161,258 $4,685 3.06%
$400k-600k 1,227 $583,895,000 $475,872 $7,097 2.98%
$600k-1MM 196 $139,600,000 $712,245 $8,343 3.00%
$100,000 or less 107 $8,775,000 $82,009 $4,064 3.33%
$1MM+ 16 $20,260,000 $1,266,250 $9,792 2.97%

2021 saw Absolute Home Mortgage Corporation place emphasis on $200k-400k loans with 4,025 originations, totaling $1,156,265,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 1,724 $582,000,000 $337,587 $6,013 3.02%
$50k-75k 1,529 $368,845,000 $241,233 $6,213 3.06%
$75k-100k 1,427 $413,785,000 $289,968 $6,054 3.06%
$150k-250k 1,103 $432,225,000 $391,863 $5,434 2.97%
$50k or less 915 $180,805,000 $197,601 $5,591 3.01%
$250k+ 356 $170,280,000 $478,315 $5,909 2.94%

Absolute Home Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 1,724 originations. The second most popular income band? $50k-75k, with 1,529 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,185 $366,435,000 $309,228 $4,888 2.93%
30-36% 1,104 $345,000,000 $312,500 $5,396 3.02%
50-60% 549 $165,815,000 $302,031 $10,553 3.05%
44% 352 $108,310,000 $307,699 $6,025 3.10%
43% 343 $103,535,000 $301,851 $5,798 3.11%
<20% 335 $94,715,000 $282,731 $4,373 2.86%
42% 306 $95,800,000 $313,072 $5,571 3.10%
49% 294 $88,050,000 $299,490 $6,196 3.03%
41% 290 $88,860,000 $306,414 $5,689 3.07%
39% 263 $79,395,000 $301,882 $5,855 3.11%
48% 256 $80,920,000 $316,094 $6,477 3.06%
40% 252 $77,420,000 $307,222 $5,321 3.05%
38% 239 $71,885,000 $300,774 $5,565 3.12%
45% 238 $70,090,000 $294,496 $5,970 3.07%
46% 234 $71,790,000 $306,795 $6,138 3.01%
47% 226 $68,380,000 $302,566 $6,214 3.04%
36% 226 $66,420,000 $293,894 $5,355 3.09%
37% 217 $64,505,000 $297,258 $5,211 3.05%
>60% 11 $3,045,000 $276,818 $9,028 3.06%

Absolute Home Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 1,185 originations. The next most common DTI ratio? 30-36%, with 1,104 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 5,075 $1,528,465,000 $301,175 $5,953 3.04%
Asian 649 $240,475,000 $370,532 $4,628 2.82%
Black 724 $204,240,000 $282,099 $7,142 3.11%
Not provided 555 $159,925,000 $288,153 $5,510 3.01%
American Indian 36 $10,260,000 $285,000 $5,308 2.86%
Native Hawaiian 15 $4,575,000 $305,000 $5,546 3.03%

Approval Rates

Total approvals of all applications
97.27%

Absolute Home Mortgage Corporation 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
52.33%

Absolute Home Mortgage Corporation 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 7,054 $2,147,940,000 $304,500

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
7,054 $2,147,940,000 $304,500

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 316 $71,880,000 $227,468 $3,390 2.74%
40-60% 1,068 $305,480,000 $286,030 $3,858 2.79%
60-80% 2,520 $786,170,000 $311,972 $5,065 3.07%
80-100% 3,089 $963,915,000 $312,048 $7,449 3.10%
Over 100% 43 $16,645,000 $387,093 $15,885 3.03%
Under 20% 18 $3,850,000 $213,889 $3,603 2.76%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Absolute Home Mortgage Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%