Absolute Home Mortgage Corporation Rates, Fees & Info

Fairfield, NJ

LEI: 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 and Refi 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 Allentown among others. We have data for 76 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.

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% 3/28/24
30 Year Conventional Refi 6.65% 3/28/24
30 Year Cash-out Refi 6.86% 3/28/24
30 Year FHA Purchase 7.48% 3/28/24
30 Year FHA Refi 7.25% 3/28/24
30 Year VA Purchase 6.52% 3/28/24
30 Year VA Refi 6.75% 3/28/24
30 Year USDA Purchase 7.00% 3/28/24
30 Year USDA Refi 7.12% 3/28/24
15 Year Conventional Purchase 6.08% 3/28/24
15 Year Conventional Refi 6.04% 3/28/24
15 Year Cash-out Refi 6.04% 3/28/24
15 Year FHA Purchase 5.68% 3/28/24
15 Year FHA Refi 5.68% 3/28/24
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

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

2,712

Origination Dollar Volume (All Markets)

$700,200,000

Awards

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

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) 1,046 $316,400,000 $302,486 $7,554 4.26%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 391 $87,175,000 $222,954 $5,687 4.26%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 365 $85,695,000 $234,781 $7,001 4.54%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 167 $47,455,000 $284,162 $5,763 4.14%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 172 $37,200,000 $216,279 $6,580 4.34%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 143 $29,455,000 $205,979 $6,630 4.42%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 75 $15,635,000 $208,467 $4,774 4.32%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 66 $14,720,000 $223,030 $6,683 4.58%
PORT ST. LUCIE, FL (FHA|USDA|VA) 35 $8,215,000 $234,714 $7,199 4.57%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 18 $6,490,000 $360,556 $6,918 4.31%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 40 $5,630,000 $140,750 $5,757 4.35%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 17 $4,555,000 $267,941 $7,161 4.08%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 7 $3,685,000 $526,429 $5,024 4.14%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 15 $2,575,000 $171,667 $5,355 4.58%
JACKSONVILLE, FL (FHA|USDA|VA) 7 $2,275,000 $325,000 $6,604 4.43%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 11 $2,165,000 $196,818 $6,028 4.39%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 11 $1,945,000 $176,818 $6,225 4.30%
OCEAN CITY, NJ (FHA|USDA|VA) 7 $1,845,000 $263,571 $4,516 4.29%
Outside of Metro Areas 7 $1,485,000 $212,143 $4,761 4.07%
EAST STROUDSBURG, PA (FHA|USDA|VA) 10 $1,470,000 $147,000 $5,614 4.44%
AKRON, OH (FHA|USDA|VA) 9 $1,285,000 $142,778 $6,447 4.75%
READING, PA (FHA|USDA|VA) 6 $1,280,000 $213,333 $8,416 4.58%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $1,220,000 $610,000 $5,763 3.88%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $860,000 $430,000 $4,169 3.94%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $860,000 $430,000 $5,977 3.56%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $805,000 $268,333 $6,000 3.96%
SALISBURY, MD-DE (FHA|USDA|VA) 3 $805,000 $268,333 $6,134 4.25%
COLUMBIA, SC (FHA|USDA|VA) 3 $805,000 $268,333 $3,450 3.79%
VALLEJO, CA (FHA|USDA|VA) 2 $780,000 $390,000 $9,748 5.06%
RICHMOND, VA (FHA|USDA|VA) 3 $755,000 $251,667 $7,395 4.96%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $750,000 $375,000 $3,844 3.75%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $725,000 $241,667 $5,191 4.71%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $705,000 $235,000 $6,703 3.92%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $690,000 $345,000 $8,549 3.75%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 3 $665,000 $221,667 $7,889 4.29%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $655,000 $218,333 $5,460 5.17%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $625,000 $208,333 $5,050 4.71%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $565,000 $565,000 $29,196 4.75%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 3 $495,000 $165,000 $5,409 4.21%
CANTON-MASSILLON, OH (FHA|USDA|VA) 3 $475,000 $158,333 $7,554 3.71%
OCALA, FL (FHA|USDA|VA) 2 $460,000 $230,000 $6,231 4.31%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $445,000 $445,000 $8,448 3.50%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $415,000 $415,000 $14,028 3.63%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 2 $370,000 $185,000 $5,227 4.88%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $370,000 $185,000 $7,391 5.44%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $345,000 $345,000 $4,013 3.25%
Key West, FL (FHA|USDA|VA) 1 $335,000 $335,000 $8,635 4.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $330,000 $165,000 $5,836 3.81%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $325,000 $325,000 $2,229 3.75%
Albemarle, NC (FHA|USDA|VA) 1 $305,000 $305,000 $9,217 3.75%
Easton, MD (FHA|USDA|VA) 1 $305,000 $305,000 $3,577 3.63%
PUEBLO, CO (FHA|USDA|VA) 1 $295,000 $295,000 $2,529 3.88%
ERIE, PA (FHA|USDA|VA) 1 $275,000 $275,000 $4,337 4.63%
LANCASTER, PA (FHA|USDA|VA) 1 $235,000 $235,000 $4,830 4.13%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $215,000 $215,000 $3,019 4.50%
ROANOKE, VA (FHA|USDA|VA) 1 $215,000 $215,000 $3,452 4.50%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $205,000 $205,000 $7,187 4.63%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $205,000 $205,000 $4,043 3.63%
Clewiston, FL (FHA|USDA|VA) 2 $200,000 $100,000 $4,532 5.06%
GAINESVILLE, FL (FHA|USDA|VA) 1 $195,000 $195,000 $3,829 4.88%
PANAMA CITY, FL (FHA|USDA|VA) 1 $195,000 $195,000 $6,724 5.13%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $195,000 $195,000 $6,368 3.88%
Shelby, NC (FHA|USDA|VA) 1 $195,000 $195,000 $6,532 5.00%
COLUMBUS, OH (FHA|USDA|VA) 1 $175,000 $175,000 $4,989 4.00%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $165,000 $165,000 $7,109 3.88%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $155,000 $155,000 $3,397 5.38%
Boone, NC (FHA|USDA|VA) 1 $155,000 $155,000 $3,339 5.25%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $145,000 $145,000 $6,976 4.75%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $145,000 $145,000 $1,760 3.75%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $145,000 $145,000 $6,805 3.63%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $125,000 $125,000 $2,924 4.38%
Wooster, OH (FHA|USDA|VA) 1 $125,000 $125,000 $4,597 3.75%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $115,000 $115,000 $5,225 3.75%
Lake City, FL (FHA|USDA|VA) 1 $115,000 $115,000 $3,785 3.88%
Ashtabula, OH (FHA|USDA|VA) 1 $85,000 $85,000 $4,897 6.63%
ASHEVILLE, NC (FHA|USDA|VA) 1 $45,000 $45,000 $2,884 4.38%
Absolute Home Mortgage Corporation's top markets include New York, Philadelphia, Miami, Baltimore, and Allentown among others.

Their top states include:
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • 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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    VISIONS
    Similarity Rank: 525

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,588 $419,730,000 $264,314 $5,148 4.35%
    FHA 1,004 $250,060,000 $249,064 $9,150 4.31%
    VA 85 $24,295,000 $285,824 $8,415 4.06%
    USDA 35 $6,115,000 $174,714 $6,254 4.21%

    For 2019, Absolute Home Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,588 originations. Their 2nd most popular type was FHA, with 1,004 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,025 $509,175,000 $251,444 $7,091 4.39%
    Refi 686 $190,670,000 $277,945 $5,745 4.13%
    Home Improvement 1 $355,000 $355,000 $5,247 5.13%

    For 2019, Absolute Home Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 2,025 originations. The 2nd most popular reason was Refi, with 686 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,595 $669,785,000 $258,106 $6,841 4.35%
    15 Year 62 $16,330,000 $263,387 $4,627 3.61%
    20 Year 48 $12,900,000 $268,750 $4,869 4.02%
    Other 4 $930,000 $232,500 $4,614 3.94%
    10 Year 3 $255,000 $85,000 $3,654 3.63%

    For 2019, Absolute Home Mortgage Corporation's most frequently cited loan duration was 30 Year, with 2,595 originations. The 2nd most popular length was 15 Year, with 62 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,374 $355,620,000 $258,821
    $<1k 553 $143,775,000 $259,991
    $2k-3k 350 $78,010,000 $222,886
    $3k-4k 177 $41,415,000 $233,983
    $5k+ 138 $46,490,000 $336,884
    $4k-5k 115 $33,225,000 $288,913

    Absolute Home Mortgage Corporation's average total fees were $6,841, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,374 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,373 $344,055,000 $250,586
    3-4% 1,021 $286,865,000 $280,965
    5-6% 283 $60,365,000 $213,304
    6-7% 22 $4,620,000 $210,000
    2.5-3% 10 $3,370,000 $337,000
    7-8% 2 $460,000 $230,000
    Over 8% 1 $465,000 $465,000

    During 2019, Absolute Home Mortgage Corporation's average interest rate for loans was 4.35%, while their most frequently originated rate bucket for loans was 4-5%, with 1,373 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,502 $419,150,000 $279,061 $7,272 4.25%
    $100k-200k 818 $128,360,000 $156,919 $5,385 4.45%
    $400k-600k 265 $123,275,000 $465,189 $8,443 4.18%
    $100,000 or less 95 $7,525,000 $79,211 $4,100 4.89%
    $600k-1MM 31 $20,795,000 $670,806 $10,703 4.10%
    $1MM+ 1 $1,095,000 $1,095,000 $18,545 5.88%

    2019 saw Absolute Home Mortgage Corporation place emphasis on $200k-400k loans with 1,502 originations, totaling $419,150,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 762 $164,870,000 $216,365 $6,693 4.39%
    $50k or less 550 $103,000,000 $187,273 $6,078 4.31%
    $100k-150k 515 $156,865,000 $304,592 $7,212 4.29%
    $75k-100k 512 $137,640,000 $268,828 $7,257 4.31%
    $150k-250k 301 $107,035,000 $355,598 $6,493 4.29%
    $250k+ 72 $30,790,000 $427,639 $6,633 4.23%

    Absolute Home Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 762 originations. The second most popular income band? $50k or less, with 550 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 404 $107,060,000 $265,000 $6,030 4.31%
    50-60% 383 $96,385,000 $251,658 $9,463 4.33%
    20-30% 301 $78,755,000 $261,645 $5,546 4.26%
    44% 150 $37,830,000 $252,200 $6,423 4.47%
    49% 130 $34,180,000 $262,923 $6,668 4.36%
    48% 127 $33,095,000 $260,591 $7,044 4.38%
    43% 112 $29,830,000 $266,339 $6,553 4.31%
    41% 106 $24,610,000 $232,170 $6,122 4.49%
    46% 105 $28,615,000 $272,524 $7,167 4.37%
    42% 103 $26,965,000 $261,796 $6,322 4.44%
    47% 97 $25,355,000 $261,392 $7,384 4.39%
    45% 92 $23,040,000 $250,435 $6,722 4.43%
    40% 87 $21,065,000 $242,126 $6,260 4.24%
    37% 86 $20,420,000 $237,442 $5,747 4.32%
    <20% 82 $21,950,000 $267,683 $6,178 4.18%
    39% 74 $20,120,000 $271,892 $5,907 4.29%
    36% 74 $18,290,000 $247,162 $5,611 4.33%
    38% 72 $18,160,000 $252,222 $6,301 4.51%
    >60% 7 $1,985,000 $283,571 $7,105 4.32%

    Absolute Home Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 404 originations. The next most common DTI ratio? 50-60%, with 383 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,191 $567,885,000 $259,190 $6,702 4.32%
    Black 317 $76,365,000 $240,899 $7,515 4.42%
    Asian 126 $37,310,000 $296,111 $5,867 4.16%
    Not provided 61 $15,125,000 $247,951 $6,474 4.31%
    Native Hawaiian or Islander 10 $2,100,000 $210,000 $5,322 4.01%
    Not applicable 4 $810,000 $202,500 $6,394 4.22%
    American Indian 3 $605,000 $201,667 $7,611 4.04%

    Approval Rates

    Total approvals of all applications
    96.65%

    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
    59.88%

    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 2,712 $700,200,000 $258,186

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 2,712 $700,200,000 $258,186

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 30 $5,000,000 $166,667 $3,924 4.21%
    40-60% 99 $21,585,000 $218,030 $4,867 4.25%
    60-80% 615 $163,355,000 $265,618 $5,177 4.40%
    80-100% 1,923 $496,105,000 $257,985 $7,281 4.30%
    Over 100% 43 $14,005,000 $325,698 $11,766 4.53%
    Under 20% 2 $150,000 $75,000 $3,021 4.56%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Absolute Home Mortgage Corporation Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%