Absolute Home Mortgage Corporation Rates, Fees & Info

Fairfield, NJ

LEI: 549300D4ZYLSQ5LMTV35

Tax ID: 22-3603829

1.7 stars - Updated: 4/16/25 - out of 5 stars, based on 56 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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, Allentown, and Tampa among others. We have data for 124 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 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 7.06% 4/16/25
30 Year Conventional Refi 7.99% 4/16/25
30 Year FHA Purchase 7.51% 4/16/25
30 Year FHA Refi 7.18% 4/16/25
30 Year VA Purchase 6.96% 4/16/25
30 Year VA Refi 6.40% 4/16/25
30 Year USDA Purchase 7.31% 4/16/25
15 Year Conventional Purchase 5.31% 4/16/25
15 Year Conventional Refi 6.45% 4/16/25
15 Year Cash-out Refi 6.45% 4/16/25
15 Year FHA Purchase 7.13% 4/16/25
15 Year FHA Refi 6.00% 4/16/25
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

Estimated Loan Payment: Update the calculator values and click calculate payment!

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

3,117

Origination Dollar Volume (All Markets)

$1,047,695,000

Awards

ABSOLUTE HOME MORTGAGE CORPORATION FHA Loans gold
Show all (1) awards

Relative Rate

Absolute Home Mortgage Corporation's average 30 year fixed mortgage rate was 6.8%.

The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

This yields a difference of 0.25%.

Relative Fees (Closing Costs)

Absolute Home Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $10,933.

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 $8,356.

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) 1,099 $484,705,000 $441,042 $11,935 6.71%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 715 $194,445,000 $271,951 $9,490 6.36%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 231 $76,915,000 $332,965 $12,316 6.46%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 93 $27,865,000 $299,624 $8,734 6.98%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 76 $22,940,000 $301,842 $10,855 6.42%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 63 $18,095,000 $287,222 $9,731 6.62%
Plattsburgh, NY (FHA|USDA|VA) 78 $14,820,000 $190,000 $7,059 7.20%
PORT ST. LUCIE, FL (FHA|USDA|VA) 36 $12,880,000 $357,778 $14,710 6.18%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 53 $10,895,000 $205,566 $9,114 6.61%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 38 $10,830,000 $285,000 $9,497 6.61%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 21 $9,235,000 $439,762 $12,485 6.30%
Outside of Metro Areas 38 $8,960,000 $235,789 $8,718 6.84%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 27 $8,645,000 $320,185 $12,193 6.38%
KNOXVILLE, TN (FHA|USDA|VA) 25 $7,125,000 $285,000 $7,730 6.78%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 35 $6,745,000 $192,714 $8,828 6.89%
BINGHAMTON, NY (FHA|USDA|VA) 37 $5,885,000 $159,054 $7,328 6.68%
SALISBURY, MD-DE (FHA|USDA|VA) 18 $5,460,000 $303,333 $9,883 6.79%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 14 $5,350,000 $382,143 $15,779 6.32%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 22 $5,230,000 $237,727 $9,155 5.87%
JACKSONVILLE, FL (FHA|USDA|VA) 17 $5,205,000 $306,176 $9,922 6.36%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 12 $4,300,000 $358,333 $11,219 6.73%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 17 $4,185,000 $246,176 $8,782 6.34%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 9 $3,755,000 $417,222 $9,738 7.09%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 11 $3,545,000 $322,273 $12,497 7.22%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 9 $3,195,000 $355,000 $12,648 6.32%
RALEIGH-CARY, NC (FHA|USDA|VA) 9 $3,125,000 $347,222 $12,761 7.19%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 9 $3,065,000 $340,556 $9,157 7.26%
Malone, NY (FHA|USDA|VA) 14 $2,920,000 $208,571 $7,462 7.12%
OCALA, FL (FHA|USDA|VA) 12 $2,880,000 $240,000 $11,263 5.98%
EAST STROUDSBURG, PA (FHA|USDA|VA) 10 $2,800,000 $280,000 $11,065 6.84%
DOVER, DE (FHA|USDA|VA) 9 $2,735,000 $303,889 $14,005 6.31%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 9 $2,595,000 $288,333 $9,797 5.90%
READING, PA (FHA|USDA|VA) 9 $2,525,000 $280,556 $10,825 6.89%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 6 $2,440,000 $406,667 $5,959 6.75%
CANTON-MASSILLON, OH (FHA|USDA|VA) 9 $2,305,000 $256,111 $10,102 6.90%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 8 $2,290,000 $286,250 $11,652 6.67%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 8 $2,290,000 $286,250 $15,369 7.70%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 9 $2,175,000 $241,667 $10,446 6.09%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 7 $2,115,000 $302,143 $8,227 6.88%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 6 $1,690,000 $281,667 $11,120 7.54%
AKRON, OH (FHA|USDA|VA) 9 $1,555,000 $172,778 $8,025 6.85%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 6 $1,540,000 $256,667 $5,305 7.08%
HUNTSVILLE, AL (FHA|USDA|VA) 6 $1,520,000 $253,333 $11,513 7.73%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $1,460,000 $730,000 $15,967 7.06%
YORK-HANOVER, PA (FHA|USDA|VA) 4 $1,460,000 $365,000 $13,895 6.66%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 5 $1,385,000 $277,000 $11,565 7.32%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 5 $1,325,000 $265,000 $10,924 6.75%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $1,310,000 $655,000 $13,699 6.25%
MORRISTOWN, TN (FHA|USDA|VA) 5 $1,245,000 $249,000 $7,852 6.72%
Pottsville, PA (FHA|USDA|VA) 7 $1,245,000 $177,857 $6,660 6.79%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $1,195,000 $398,333 $6,202 6.87%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $1,140,000 $285,000 $13,900 6.63%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $1,120,000 $560,000 $20,739 7.19%
ASHEVILLE, NC (FHA|USDA|VA) 4 $1,090,000 $272,500 $11,496 6.72%
HINESVILLE, GA (FHA|USDA|VA) 5 $975,000 $195,000 $6,937 6.45%
GLENS FALLS, NY (FHA|USDA|VA) 5 $945,000 $189,000 $8,888 7.18%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $935,000 $311,667 $9,266 6.58%
Sevierville, TN (FHA|USDA|VA) 3 $915,000 $305,000 $6,527 6.58%
PITTSBURGH, PA (FHA|USDA|VA) 4 $880,000 $220,000 $10,758 7.38%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $855,000 $855,000 $18,226 7.63%
THE VILLAGES, FL (FHA|USDA|VA) 3 $815,000 $271,667 $7,296 7.04%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 4 $800,000 $200,000 $8,375 6.91%
Ogdensburg-Massena, NY (FHA|USDA|VA) 4 $790,000 $197,500 $7,365 7.87%
ROCKY MOUNT, NC (FHA|USDA|VA) 4 $760,000 $190,000 $7,382 5.03%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $735,000 $735,000 $24,414 5.75%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $710,000 $355,000 $13,168 6.75%
COLUMBIA, SC (FHA|USDA|VA) 2 $670,000 $335,000 $13,767 6.69%
LANCASTER, PA (FHA|USDA|VA) 2 $650,000 $325,000 $9,457 6.56%
SAVANNAH, GA (FHA|USDA|VA) 3 $635,000 $211,667 $13,234 8.04%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $625,000 $625,000 $24,181 7.13%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 3 $615,000 $205,000 $7,204 7.12%
GAINESVILLE, FL (FHA|USDA|VA) 3 $595,000 $198,333 $8,962 6.63%
PUNTA GORDA, FL (FHA|USDA|VA) 3 $595,000 $198,333 $6,907 6.38%
OCEAN CITY, NJ (FHA|USDA|VA) 2 $560,000 $280,000 $5,892 6.81%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $540,000 $270,000 $12,028 7.88%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $520,000 $260,000 $11,928 6.62%
Forest City, NC (FHA|USDA|VA) 2 $480,000 $240,000 $10,015 7.62%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $480,000 $240,000 $8,347 6.63%
UTICA-ROME, NY (FHA|USDA|VA) 1 $475,000 $475,000 $17,518 6.13%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $475,000 $475,000 $13,202 7.00%
Wilson, NC (FHA|USDA|VA) 3 $475,000 $158,333 $7,715 4.33%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $470,000 $235,000 $7,109 6.81%
Statesboro, GA (FHA|USDA|VA) 2 $470,000 $235,000 $10,991 6.69%
Arcadia, FL (FHA|USDA|VA) 1 $455,000 $455,000 $8,733 7.25%
ROCHESTER, NY (FHA|USDA|VA) 2 $440,000 $220,000 $6,908 6.69%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 2 $420,000 $210,000 $8,220 7.13%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 2 $410,000 $205,000 $8,829 7.13%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $395,000 $395,000 $0 7.13%
Georgetown, SC (FHA|USDA|VA) 2 $390,000 $195,000 $8,572 8.56%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 2 $370,000 $185,000 $10,481 7.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $365,000 $365,000 $12,041 7.00%
BURLINGTON, NC (FHA|USDA|VA) 2 $350,000 $175,000 $7,033 7.06%
Norwalk, OH (FHA|USDA|VA) 2 $320,000 $160,000 $8,073 6.69%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $315,000 $315,000 $15,004 6.63%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $310,000 $155,000 $8,234 6.63%
Keene, NH (FHA|USDA|VA) 1 $305,000 $305,000 $16,313 6.75%
Jesup, GA (FHA|USDA|VA) 1 $295,000 $295,000 $17,542 6.13%
Lewisburg, TN (FHA|USDA|VA) 1 $285,000 $285,000 $9,806 6.63%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $285,000 $285,000 $7,678 7.50%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $265,000 $265,000 $8,463 6.25%
Fitzgerald, GA (FHA|USDA|VA) 1 $265,000 $265,000 $2,727 6.75%
KINGSTON, NY (FHA|USDA|VA) 1 $255,000 $255,000 $8,524 6.88%
GOLDSBORO, NC (FHA|USDA|VA) 1 $245,000 $245,000 $12,868 6.63%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $235,000 $235,000 $14,366 7.25%
ALTOONA, PA (FHA|USDA|VA) 1 $215,000 $215,000 $4,497 6.62%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $215,000 $215,000 $10,799 6.63%
Okeechobee, FL (FHA|USDA|VA) 1 $215,000 $215,000 $11,487 6.75%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $205,000 $205,000 $8,030 6.75%
Sunbury, PA (FHA|USDA|VA) 1 $205,000 $205,000 $10,343 6.63%
Olean, NY (FHA|USDA|VA) 1 $205,000 $205,000 $6,056 6.62%
LaGrange, GA-AL (FHA|USDA|VA) 1 $205,000 $205,000 $8,264 6.63%
Palatka, FL (FHA|USDA|VA) 2 $200,000 $100,000 $7,292 3.25%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $195,000 $195,000 $4,898 6.88%
Wooster, OH (FHA|USDA|VA) 1 $195,000 $195,000 $5,595 5.88%
Danville, VA (FHA|USDA|VA) 1 $175,000 $175,000 $11,927 6.00%
Sayre, PA (FHA|USDA|VA) 1 $175,000 $175,000 $7,583 6.49%
LEBANON, PA (FHA|USDA|VA) 1 $175,000 $175,000 $9,249 6.75%
ITHACA, NY (FHA|USDA|VA) 1 $165,000 $165,000 $7,365 6.88%
DECATUR, AL (FHA|USDA|VA) 1 $155,000 $155,000 $10,037 6.99%
Corning, NY (FHA|USDA|VA) 1 $145,000 $145,000 $8,528 6.63%
VALDOSTA, GA (FHA|USDA|VA) 1 $135,000 $135,000 $8,690 6.50%
Salem, OH (FHA|USDA|VA) 1 $135,000 $135,000 $6,951 6.25%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $105,000 $105,000 $3,974 9.75%
SYRACUSE, NY (FHA|USDA|VA) 1 $105,000 $105,000 $5,875 6.88%
Absolute Home Mortgage Corporation's top markets include New York, Philadelphia, Miami, Allentown, and Tampa among others.

Their top states include:
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,004 $659,900,000 $329,291 $8,027 6.62%
    FHA 988 $343,300,000 $347,470 $15,603 6.59%
    VA 104 $39,820,000 $382,885 $12,516 6.69%
    USDA 21 $4,675,000 $222,619 $8,729 6.66%

    For 2024, Absolute Home Mortgage Corporation's most frequently originated type of loan was Conventional, with 2,004 originations. Their 2nd most popular type was FHA, with 988 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,808 $948,900,000 $337,927 $10,632 6.54%
    Refi 309 $98,795,000 $319,725 $10,944 7.24%

    For 2024, Absolute Home Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 2,808 originations. The 2nd most popular reason was Refi, with 309 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,949 $1,025,785,000 $347,842 $10,933 6.80%
    5 Year 78 $1,250,000 $16,026 $55 0.00%
    15 Year 28 $8,910,000 $318,214 $5,587 5.24%
    10 Year 26 $1,320,000 $50,769 $1,662 7.39%
    20 Year 21 $6,785,000 $323,095 $7,176 6.72%
    Other 14 $3,330,000 $237,857 $11,453 5.87%
    30+ year 1 $315,000 $315,000 $15,956 7.88%

    For 2024, Absolute Home Mortgage Corporation's most frequently cited loan duration was 30 Year, with 2,949 originations. The 2nd most popular length was 5 Year, with 78 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,261 $523,765,000 $415,357
    $1k-2k 776 $264,160,000 $340,412
    $2k-3k 299 $77,515,000 $259,247
    $3k-4k 296 $78,380,000 $264,797
    $4k-5k 269 $78,945,000 $293,476
    $<1k 193 $17,265,000 $89,456

    Absolute Home Mortgage Corporation's average total fees were $10,933, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,261 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,837 $653,025,000 $355,484
    7-8% 795 $270,655,000 $340,447
    5-6% 218 $83,480,000 $382,936
    Over 8% 139 $37,675,000 $271,043
    <2.5% 125 $1,985,000 $15,880
    4-5% 3 $875,000 $291,667

    During 2024, Absolute Home Mortgage Corporation's average interest rate for loans was 6.80%, while their most frequently originated rate bucket for loans was 6-7%, with 1,837 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,449 $429,735,000 $296,573 $10,109 6.86%
    $400k-600k 698 $336,930,000 $482,708 $13,847 6.76%
    $100k-200k 519 $81,765,000 $157,543 $6,720 6.97%
    $600k-1MM 228 $162,400,000 $712,281 $17,894 6.85%
    $100,000 or less 199 $6,905,000 $34,698 $2,086 3.07%
    $1MM+ 24 $29,960,000 $1,248,333 $16,161 6.85%

    2024 saw Absolute Home Mortgage Corporation place emphasis on $200k-400k loans with 1,449 originations, totaling $429,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 854 $303,690,000 $355,609 $11,813 6.66%
    $75k-100k 660 $180,590,000 $273,621 $10,267 6.36%
    $150k-250k 620 $283,040,000 $456,516 $12,222 6.91%
    $50k-75k 520 $106,850,000 $205,481 $8,504 6.24%
    $50k or less 236 $43,220,000 $183,136 $7,386 6.66%
    $250k+ 227 $130,305,000 $574,031 $11,243 7.18%

    Absolute Home Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 854 originations. The second most popular income band? $75k-100k, with 660 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 449 $166,195,000 $370,145 $16,616 6.51%
    30-36% 362 $117,170,000 $323,674 $8,252 6.57%
    49% 275 $100,515,000 $365,509 $11,167 6.73%
    20-30% 261 $88,265,000 $338,180 $8,300 6.87%
    47% 170 $60,800,000 $357,647 $11,300 6.72%
    44% 161 $49,235,000 $305,807 $9,410 6.41%
    42% 155 $50,295,000 $324,484 $10,204 6.66%
    48% 150 $50,390,000 $335,933 $10,016 6.61%
    45% 145 $47,165,000 $325,276 $10,879 6.27%
    46% 140 $49,890,000 $356,357 $10,787 6.48%
    43% 129 $41,635,000 $322,752 $9,382 6.52%
    40% 117 $36,025,000 $307,906 $9,507 6.36%
    39% 112 $35,420,000 $316,250 $9,846 6.42%
    41% 105 $33,685,000 $320,810 $9,488 6.23%
    37% 92 $30,890,000 $335,761 $7,860 6.81%
    38% 84 $28,370,000 $337,738 $9,870 6.66%
    36% 81 $25,265,000 $311,914 $9,262 6.75%
    <20% 66 $15,720,000 $238,182 $7,783 6.83%
    >60% 8 $3,390,000 $423,750 $13,190 7.59%

    Absolute Home Mortgage Corporation lent most frequently to those with DTI ratios of 50-60%, with 449 originations. The next most common DTI ratio? 30-36%, with 362 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,202 $739,450,000 $335,808 $10,473 6.68%
    Not provided 355 $128,305,000 $361,423 $12,157 6.42%
    Black 362 $102,950,000 $284,392 $11,517 6.31%
    Asian 186 $73,890,000 $397,258 $8,557 6.82%
    American Indian 11 $2,735,000 $248,636 $9,864 5.55%
    Native Hawaiian or Islander 1 $365,000 $365,000 $5,274 6.62%

    Approval Rates

    Total approvals of all applications
    97.03%

    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
    59.77%

    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 3,117 $1,047,695,000 $336,123

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,117 $1,047,695,000 $336,123

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 84 $19,480,000 $231,905 $6,090 7.58%
    40-60% 199 $55,025,000 $276,508 $7,018 6.76%
    60-80% 748 $273,200,000 $365,241 $9,140 7.04%
    80-100% 1,897 $682,865,000 $359,971 $12,168 6.76%
    Over 100% 29 $12,845,000 $442,931 $19,793 6.71%
    Under 20% 160 $4,280,000 $26,750 $902 2.11%