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 smaller 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, Miami, Philadelphia, Baltimore, and Tampa among others. We have data for 57 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 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 | 6.78% | 11/21/24 |
| 30 Year Conventional Refi | 6.65% | 11/21/24 |
| 30 Year Cash-out Refi | 6.86% | 11/21/24 |
| 30 Year FHA Purchase | 7.48% | 11/21/24 |
| 30 Year FHA Refi | 7.25% | 11/21/24 |
| 30 Year VA Purchase | 6.52% | 11/21/24 |
| 30 Year VA Refi | 6.75% | 11/21/24 |
| 30 Year USDA Purchase | 7.00% | 11/21/24 |
| 30 Year USDA Refi | 7.12% | 11/21/24 |
| 15 Year Conventional Purchase | 6.08% | 11/21/24 |
| 15 Year Conventional Refi | 6.04% | 11/21/24 |
| 15 Year Cash-out Refi | 6.04% | 11/21/24 |
| 15 Year FHA Purchase | 5.68% | 11/21/24 |
| 15 Year FHA Refi | 5.68% | 11/21/24 |
| 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. | ||
Absolute Home Mortgage Corporation Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,807Origination Dollar Volume (All Markets)
$444,775,000Awards
ABSOLUTE HOME MORTGAGE CORPORATION - 2018
ABSOLUTE HOME MORTGAGE CORPORATION 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 602 | $178,850,000 | $297,093 | $6,927 | 4.81% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 374 | $89,480,000 | $239,251 | $6,222 | 5.04% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 321 | $69,785,000 | $217,399 | $4,919 | 4.82% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 110 | $25,130,000 | $228,455 | $4,373 | 4.77% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 114 | $22,180,000 | $194,561 | $5,269 | 5.01% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 63 | $13,605,000 | $215,952 | $6,600 | 4.86% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 39 | $7,325,000 | $187,821 | $5,942 | 5.02% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 20 | $4,650,000 | $232,500 | $5,545 | 4.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 22 | $4,370,000 | $198,636 | $5,660 | 5.13% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 10 | $3,340,000 | $334,000 | $7,406 | 4.85% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 14 | $1,680,000 | $120,000 | $5,648 | 4.80% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 6 | $1,530,000 | $255,000 | $4,745 | 4.65% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 9 | $1,465,000 | $162,778 | $5,337 | 5.04% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 8 | $1,420,000 | $177,500 | $6,346 | 5.05% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $1,355,000 | $451,667 | $2,393 | 4.42% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 9 | $1,325,000 | $147,222 | $4,455 | 4.78% |
| READING, PA (FHA|USDA|VA) | 7 | $1,225,000 | $175,000 | $6,400 | 5.11% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $5,930 | 5.25% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $4,972 | 4.56% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $4,785 | 5.59% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $6,820 | 4.63% |
| AKRON, OH (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $6,418 | 4.45% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $4,951 | 5.63% |
| Key West, FL (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $7,263 | 4.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $8,089 | 4.69% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 7 | $795,000 | $113,571 | $4,371 | 4.84% |
| Outside of Metro Areas | 2 | $670,000 | $335,000 | $4,811 | 5.31% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $8,925 | 5.88% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $5,496 | 5.13% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $6,365 | 5.13% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,824 | 5.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,274 | 4.81% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $6,608 | 5.19% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $13,949 | 4.88% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $4,167 | 5.69% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,623 | 5.50% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,264 | 5.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,231 | 5.88% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $450 | 4.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,809 | 5.38% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,425 | 5.25% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,375 | 4.50% |
| Sonora, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,074 | 5.13% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,669 | 4.75% |
| Lake City, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,601 | 5.00% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,319 | 5.13% |
| Brevard, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $490 | 4.50% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,301 | 5.00% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,163 | 4.38% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,019 | 5.13% |
| MADERA, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,642 | 5.13% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,236 | 5.00% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,801 | 4.63% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $7,071 | 5.25% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,681 | 5.38% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,663 | 5.38% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,808 | 5.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against ABSOLUTE HOME MORTGAGE CORPORATION 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, Absolute Home Mortgage Corporation's most frequently originated type of loan was Conventional, with 998 originations. Their 2nd most popular type was FHA, with 736 originations.
Loan Reason
For 2018, Absolute Home Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,743 originations. The 2nd most popular reason was Refi, with 63 originations.
Loan Duration/Length
For 2018, Absolute Home Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,740 originations. The 2nd most popular length was 15 Year, with 39 originations.
Origination Fees/Closing Costs
Absolute Home Mortgage Corporation's average total fees were $6,046, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 799 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1,189 | $304,335,000 | $255,959 |
| 5-6% | 531 | $119,705,000 | $225,433 |
| 3-4% | 66 | $17,390,000 | $263,485 |
| 6-7% | 20 | $2,920,000 | $146,000 |
| Over 8% | 1 | $425,000 | $425,000 |
During 2018, Absolute Home Mortgage Corporation's average interest rate for loans was 4.91%, while their most frequently originated rate bucket for loans was 4-5%, with 1,189 originations.
Loan Sizing
2018 saw Absolute Home Mortgage Corporation place emphasis on $200k-400k loans with 930 originations, totaling $254,390,000 in origination value.
Applicant Income
Absolute Home Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 593 originations. The second most popular income band? $75k-100k, with 336 originations.
Applicant Debt to Income Ratio
Absolute Home Mortgage Corporation lent most frequently to those with DTI ratios of 50-60%, with 344 originations. The next most common DTI ratio? 30-36%, with 234 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.77%
Absolute Home Mortgage Corporation has an average approval rate.
Pick Rate
Approvals leading to origination65.47%
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 | 1,807 | $444,775,000 | $246,140 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,807 | $444,775,000 | $246,140 |