Absolute Home Mortgage Corporation Rates, Fees & Info
Fairfield, NJLEI: 549300D4ZYLSQ5LMTV35
Tax ID: 22-3603829
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Mortgage Data
Review & Overview
Absolute Home Mortgage Corporation is a small mortgage company specializing in Home Purchase loans. Absolute Home Mortgage Corporation has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: New York, Philadelphia, Miami, Baltimore, and Tampa among others. We have data for 114 markets. (Some data included below & more in-depth data is available with an active subscription.)Absolute Home Mortgage Corporation 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. Absolute Home Mortgage Corporation is typically a high 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.78% | 11/17/24 |
| 30 Year Conventional Refi | 6.65% | 11/17/24 |
| 30 Year Cash-out Refi | 6.86% | 11/17/24 |
| 30 Year FHA Purchase | 7.48% | 11/17/24 |
| 30 Year FHA Refi | 7.25% | 11/17/24 |
| 30 Year VA Purchase | 6.52% | 11/17/24 |
| 30 Year VA Refi | 6.75% | 11/17/24 |
| 30 Year USDA Purchase | 7.00% | 11/17/24 |
| 30 Year USDA Refi | 7.12% | 11/17/24 |
| 15 Year Conventional Purchase | 6.08% | 11/17/24 |
| 15 Year Conventional Refi | 6.04% | 11/17/24 |
| 15 Year Cash-out Refi | 6.04% | 11/17/24 |
| 15 Year FHA Purchase | 5.68% | 11/17/24 |
| 15 Year FHA Refi | 5.68% | 11/17/24 |
| 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. | ||
Absolute Home Mortgage Corporation Mortgage Calculator
Your Estimates
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This is not an official calculator from Absolute Home Mortgage Corporation. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,141Origination Dollar Volume (All Markets)
$1,021,985,000Awards
ABSOLUTE HOME MORTGAGE CORPORATION - 2023
ABSOLUTE HOME MORTGAGE CORPORATION is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Absolute Home Mortgage Corporation's average 30 year fixed mortgage rate was
6.81%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.33%.
Relative Fees (Closing Costs)
Absolute Home Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,127.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1,084 | $438,450,000 | $404,474 | $12,584 | 6.72% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 659 | $169,155,000 | $256,684 | $9,856 | 6.68% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 270 | $92,910,000 | $344,111 | $14,693 | 6.55% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 180 | $61,290,000 | $340,500 | $6,222 | 6.82% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 114 | $34,330,000 | $301,140 | $11,727 | 6.21% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 107 | $28,325,000 | $264,720 | $10,658 | 6.84% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 48 | $15,880,000 | $330,833 | $15,539 | 5.83% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 37 | $11,555,000 | $312,297 | $11,512 | 6.45% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 18 | $9,260,000 | $514,444 | $8,880 | 6.87% |
| Plattsburgh, NY (FHA|USDA|VA) | 48 | $8,480,000 | $176,667 | $7,453 | 7.21% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 33 | $8,475,000 | $256,818 | $9,320 | 7.01% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 43 | $8,445,000 | $196,395 | $7,581 | 6.86% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 26 | $6,640,000 | $255,385 | $8,888 | 6.56% |
| Outside of Metro Areas | 22 | $5,370,000 | $244,091 | $10,831 | 7.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 12 | $5,280,000 | $440,000 | $13,234 | 7.21% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 11 | $5,225,000 | $475,000 | $16,064 | 6.93% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 25 | $5,135,000 | $205,400 | $9,002 | 6.82% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 18 | $5,100,000 | $283,333 | $12,792 | 5.40% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 19 | $5,025,000 | $264,474 | $10,534 | 6.38% |
| KNOXVILLE, TN (FHA|USDA|VA) | 13 | $4,395,000 | $338,077 | $10,663 | 7.22% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 17 | $4,345,000 | $255,588 | $9,240 | 6.94% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 13 | $3,805,000 | $292,692 | $8,843 | 7.33% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 12 | $3,750,000 | $312,500 | $9,731 | 6.77% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $3,660,000 | $457,500 | $14,091 | 7.03% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 11 | $3,475,000 | $315,909 | $10,133 | 6.75% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 16 | $3,250,000 | $203,125 | $10,018 | 6.32% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 11 | $2,905,000 | $264,091 | $11,068 | 7.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 8 | $2,720,000 | $340,000 | $12,596 | 7.39% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 9 | $2,645,000 | $293,889 | $8,145 | 7.15% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $2,525,000 | $505,000 | $10,602 | 6.30% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 14 | $2,500,000 | $178,571 | $8,522 | 6.48% |
| READING, PA (FHA|USDA|VA) | 11 | $2,385,000 | $216,818 | $10,107 | 6.86% |
| OCALA, FL (FHA|USDA|VA) | 11 | $2,235,000 | $203,182 | $10,306 | 5.59% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 6 | $2,120,000 | $353,333 | $4,403 | 6.44% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 7 | $2,105,000 | $300,714 | $8,046 | 7.55% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 9 | $1,975,000 | $219,444 | $6,964 | 6.80% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 6 | $1,950,000 | $325,000 | $12,789 | 7.15% |
| DOVER, DE (FHA|USDA|VA) | 8 | $1,940,000 | $242,500 | $10,734 | 7.77% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 6 | $1,780,000 | $296,667 | $10,681 | 8.17% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $1,755,000 | $351,000 | $10,479 | 7.97% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,715,000 | $343,000 | $6,644 | 6.73% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 6 | $1,670,000 | $278,333 | $8,315 | 7.48% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 4 | $1,630,000 | $407,500 | $9,294 | 6.47% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 7 | $1,455,000 | $207,857 | $6,675 | 7.19% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $1,440,000 | $360,000 | $10,516 | 7.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,360,000 | $680,000 | $10,024 | 7.00% |
| GLENS FALLS, NY (FHA|USDA|VA) | 6 | $1,240,000 | $206,667 | $12,095 | 7.06% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $7,735 | 7.16% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $12,558 | 8.09% |
| LEBANON, PA (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $9,262 | 6.94% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $13,149 | 6.78% |
| Pottsville, PA (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $7,622 | 7.30% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $7,454 | 7.06% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $5,730 | 7.31% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $10,169 | 6.06% |
| BINGHAMTON, NY (FHA|USDA|VA) | 5 | $765,000 | $153,000 | $6,102 | 6.95% |
| Malone, NY (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $6,643 | 7.09% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $9,612 | 7.50% |
| Cambridge, MD (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $4,775 | 7.00% |
| AKRON, OH (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $6,217 | 6.12% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $11,361 | 6.92% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $6,633 | 7.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $10,093 | 6.63% |
| SYRACUSE, NY (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $6,517 | 7.25% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $7,850 | 7.63% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $8,009 | 6.50% |
| Okeechobee, FL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $13,601 | 6.75% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $6,335 | 6.88% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $4,683 | 5.63% |
| Ogdensburg-Massena, NY (FHA|USDA|VA) | 4 | $560,000 | $140,000 | $6,284 | 6.75% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $7,545 | 8.12% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $16,937 | 7.49% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $6,782 | 4.50% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,681 | 6.13% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $9,943 | 8.75% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $12,892 | 7.13% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $10,558 | 7.25% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $11,140 | 6.62% |
| DECATUR, AL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $10,396 | 7.56% |
| Athens, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $11,705 | 6.38% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $6,945 | 7.13% |
| Rutland, VT (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $15,302 | 9.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $9,181 | 6.25% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $10,557 | 7.63% |
| Palatka, FL (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $6,656 | 4.38% |
| Keene, NH (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $8,461 | 7.50% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $10,522 | 6.99% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,014 | 7.63% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $11,387 | 6.13% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $17,629 | 8.13% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,879 | 7.62% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,585 | 6.62% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,606 | 7.13% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 8.88% |
| Wooster, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $12,975 | 6.63% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,095 | 7.99% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,423 | 6.99% |
| ROME, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,906 | 7.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,206 | 6.62% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $11,523 | 7.25% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,703 | 7.38% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,012 | 7.25% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,195 | 5.99% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,497 | 7.63% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,002 | 7.63% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,240 | 7.25% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,533 | 6.99% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,360 | 6.88% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,317 | 5.99% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,528 | 7.50% |
| WACO, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,640 | 7.13% |
| Henderson, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $7,153 | 6.88% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,017 | 7.50% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,121 | 10.00% |
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Product Mix
For 2023, Absolute Home Mortgage Corporation's most frequently originated type of loan was Conventional, with 2,095 originations. Their 2nd most popular type was FHA, with 935 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 2,870 | $944,480,000 | $329,087 | $11,052 | 6.64% |
| Refi | 271 | $77,505,000 | $285,996 | $11,317 | 7.41% |
For 2023, Absolute Home Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 2,870 originations. The 2nd most popular reason was Refi, with 271 originations.
Loan Duration/Length
For 2023, Absolute Home Mortgage Corporation's most frequently cited loan duration was 30 Year, with 3,043 originations. The 2nd most popular length was 15 Year, with 35 originations.
Origination Fees/Closing Costs
Absolute Home Mortgage Corporation's average total fees were $11,127, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,498 originations.
Interest Rates
During 2023, Absolute Home Mortgage Corporation's average interest rate for loans was 6.81%, while their most frequently originated rate bucket for loans was 6-7%, with 1,684 originations.
Loan Sizing
2023 saw Absolute Home Mortgage Corporation place emphasis on $200k-400k loans with 1,572 originations, totaling $463,330,000 in origination value.
Applicant Income
Absolute Home Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 919 originations. The second most popular income band? $75k-100k, with 689 originations.
Applicant Debt to Income Ratio
Absolute Home Mortgage Corporation lent most frequently to those with DTI ratios of 50-60%, with 451 originations. The next most common DTI ratio? 30-36%, with 377 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.58%
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 origination54.89%
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 | 3,141 | $1,021,985,000 | $325,369 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3,141 | $1,021,985,000 | $325,369 |