Absolute Home Mortgage Corporation Rates, Fees & Info

Fairfield, NJ

LEI: 549300D4ZYLSQ5LMTV35

Tax ID: 22-3603829

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

Jump to:

Mortgage Data

Review & Overview

Absolute Home Mortgage Corporation is a small mortgage company specializing in Refi and Home Purchase 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 by origination volume include: New York, Philadelphia, Miami, Baltimore, and Allentown among others. We have data for 148 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.

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 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

6,741

Origination Dollar Volume (All Markets)

$1,991,215,000
Show all (29) 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) 2,656 $884,910,000 $333,174 $6,161 3.04%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 918 $228,510,000 $248,922 $5,731 3.08%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 616 $165,960,000 $269,416 $7,071 3.21%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 297 $90,895,000 $306,044 $5,273 3.07%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 294 $69,230,000 $235,476 $5,704 3.21%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 158 $65,290,000 $413,228 $3,015 2.94%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 269 $64,125,000 $238,383 $6,701 3.17%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 96 $32,560,000 $339,167 $5,117 2.99%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 121 $30,755,000 $254,174 $7,332 3.13%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 66 $30,620,000 $463,939 $3,157 2.96%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 47 $27,975,000 $595,213 $2,571 2.76%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 75 $19,205,000 $256,067 $5,523 3.10%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 64 $17,880,000 $279,375 $3,038 2.98%
PORT ST. LUCIE, FL (FHA|USDA|VA) 69 $17,285,000 $250,507 $7,629 3.14%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 75 $17,085,000 $227,800 $5,191 3.45%
JACKSONVILLE, FL (FHA|USDA|VA) 50 $11,150,000 $223,000 $6,328 3.34%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 32 $11,100,000 $346,875 $2,595 2.93%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 45 $10,655,000 $236,778 $6,366 3.05%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 43 $9,645,000 $224,302 $6,691 3.12%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 33 $8,395,000 $254,394 $2,971 2.89%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 25 $8,155,000 $326,200 $4,123 2.89%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 19 $7,705,000 $405,526 $6,093 3.01%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 28 $7,640,000 $272,857 $2,662 2.89%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 37 $6,635,000 $179,324 $6,035 3.17%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 23 $6,585,000 $286,304 $3,333 2.78%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 26 $6,110,000 $235,000 $5,653 2.99%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 20 $5,640,000 $282,000 $5,147 3.26%
RALEIGH-CARY, NC (FHA|USDA|VA) 22 $5,300,000 $240,909 $6,002 3.02%
EAST STROUDSBURG, PA (FHA|USDA|VA) 28 $5,230,000 $186,786 $5,746 2.87%
Outside of Metro Areas 22 $5,130,000 $233,182 $5,191 3.39%
OCEAN CITY, NJ (FHA|USDA|VA) 18 $5,110,000 $283,889 $5,464 3.19%
READING, PA (FHA|USDA|VA) 23 $4,805,000 $208,913 $7,123 3.10%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 14 $4,090,000 $292,143 $4,404 2.80%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 22 $3,930,000 $178,636 $5,638 3.14%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 13 $3,595,000 $276,538 $6,756 2.81%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 9 $3,555,000 $395,000 $5,640 2.94%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 14 $3,550,000 $253,571 $4,974 3.04%
PITTSBURGH, PA (FHA|USDA|VA) 11 $3,005,000 $273,182 $4,664 3.01%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 8 $2,830,000 $353,750 $4,782 2.66%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 17 $2,595,000 $152,647 $5,316 3.23%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 12 $2,500,000 $208,333 $5,674 3.16%
STOCKTON, CA (FHA|USDA|VA) 9 $2,355,000 $261,667 $3,768 2.99%
RICHMOND, VA (FHA|USDA|VA) 7 $2,315,000 $330,714 $3,414 2.98%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 7 $2,285,000 $326,429 $4,150 2.84%
MODESTO, CA (FHA|USDA|VA) 8 $2,170,000 $271,250 $2,265 3.16%
SALISBURY, MD-DE (FHA|USDA|VA) 8 $2,070,000 $258,750 $3,847 2.94%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 11 $2,025,000 $184,091 $4,356 3.24%
VALLEJO, CA (FHA|USDA|VA) 6 $1,990,000 $331,667 $2,271 3.00%
AKRON, OH (FHA|USDA|VA) 11 $1,905,000 $173,182 $6,331 3.33%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 6 $1,850,000 $308,333 $3,337 2.73%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 9 $1,775,000 $197,222 $5,345 3.36%
COLUMBUS, OH (FHA|USDA|VA) 8 $1,730,000 $216,250 $3,496 3.01%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 7 $1,725,000 $246,429 $3,907 2.64%
FRESNO, CA (FHA|USDA|VA) 6 $1,680,000 $280,000 $2,209 2.69%
KINGSTON, NY (FHA|USDA|VA) 5 $1,605,000 $321,000 $6,682 2.73%
OCALA, FL (FHA|USDA|VA) 7 $1,575,000 $225,000 $8,724 3.29%
Key West, FL (FHA|USDA|VA) 4 $1,430,000 $357,500 $4,340 2.84%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 7 $1,365,000 $195,000 $3,165 2.96%
SALINAS, CA (FHA|USDA|VA) 4 $1,360,000 $340,000 $2,293 3.13%
CANTON-MASSILLON, OH (FHA|USDA|VA) 9 $1,325,000 $147,222 $6,433 3.04%
Truckee-Grass Valley, CA (FHA|USDA|VA) 5 $1,315,000 $263,000 $3,050 2.98%
THE VILLAGES, FL (FHA|USDA|VA) 4 $1,260,000 $315,000 $4,582 2.97%
TUCSON, AZ (FHA|USDA|VA) 5 $1,205,000 $241,000 $2,379 2.82%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 5 $1,165,000 $233,000 $4,730 2.53%
YORK-HANOVER, PA (FHA|USDA|VA) 6 $1,100,000 $183,333 $4,038 3.08%
NAPA, CA (FHA|USDA|VA) 2 $1,050,000 $525,000 $5,075 2.88%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 5 $1,025,000 $205,000 $6,223 3.52%
GRAND JUNCTION, CO (FHA|USDA|VA) 4 $1,020,000 $255,000 $2,674 3.16%
PUNTA GORDA, FL (FHA|USDA|VA) 4 $1,000,000 $250,000 $6,100 2.91%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 4 $970,000 $242,500 $4,113 2.94%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 4 $960,000 $240,000 $4,867 3.25%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $945,000 $315,000 $4,626 3.00%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $780,000 $390,000 $2,731 2.56%
VISALIA, CA (FHA|USDA|VA) 4 $750,000 $187,500 $6,008 3.28%
BAKERSFIELD, CA (FHA|USDA|VA) 4 $720,000 $180,000 $2,441 3.06%
DOVER, DE (FHA|USDA|VA) 3 $685,000 $228,333 $5,792 3.13%
LANCASTER, PA (FHA|USDA|VA) 3 $665,000 $221,667 $4,299 3.00%
GREELEY, CO (FHA|USDA|VA) 2 $650,000 $325,000 $2,459 2.50%
Pottsville, PA (FHA|USDA|VA) 4 $650,000 $162,500 $4,663 3.31%
PANAMA CITY, FL (FHA|USDA|VA) 4 $650,000 $162,500 $6,797 3.63%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $645,000 $215,000 $5,067 3.17%
BOULDER, CO (FHA|USDA|VA) 2 $640,000 $320,000 $2,277 3.06%
GETTYSBURG, PA (FHA|USDA|VA) 3 $625,000 $208,333 $5,405 2.96%
New Castle, PA (FHA|USDA|VA) 3 $595,000 $198,333 $6,235 3.08%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $595,000 $595,000 $14,364 2.88%
Morehead City, NC (FHA|USDA|VA) 2 $550,000 $275,000 $2,844 2.94%
Edwards, CO (FHA|USDA|VA) 1 $535,000 $535,000 $9,171 2.38%
FORT COLLINS, CO (FHA|USDA|VA) 2 $530,000 $265,000 $3,373 3.62%
New Philadelphia-Dover, OH (FHA|USDA|VA) 2 $520,000 $260,000 $2,269 2.81%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $515,000 $515,000 $4,098 2.88%
GLENS FALLS, NY (FHA|USDA|VA) 1 $495,000 $495,000 $10,394 2.38%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $495,000 $495,000 $1,847 3.38%
Ashtabula, OH (FHA|USDA|VA) 1 $475,000 $475,000 $4,395 3.38%
Sonora, CA (FHA|USDA|VA) 2 $470,000 $235,000 $4,359 2.75%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $470,000 $235,000 $5,906 3.50%
Hudson, NY (FHA|USDA|VA) 1 $465,000 $465,000 $5,986 2.75%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $445,000 $445,000 $4,280 3.13%
LEBANON, PA (FHA|USDA|VA) 2 $440,000 $220,000 $6,518 2.63%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $410,000 $205,000 $6,684 3.56%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $410,000 $205,000 $5,636 3.19%
SYRACUSE, NY (FHA|USDA|VA) 1 $395,000 $395,000 $3,225 2.50%
Steamboat Springs, CO (FHA|USDA|VA) 1 $385,000 $385,000 $3,839 3.25%
ROCHESTER, NY (FHA|USDA|VA) 1 $355,000 $355,000 $3,987 2.13%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $340,000 $170,000 $2,482 2.56%
STAUNTON, VA (FHA|USDA|VA) 1 $335,000 $335,000 $13,263 3.63%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $335,000 $335,000 $2,961 2.88%
Clearlake, CA (FHA|USDA|VA) 1 $325,000 $325,000 $2,229 3.25%
MADERA, CA (FHA|USDA|VA) 1 $305,000 $305,000 $5,742 3.13%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $305,000 $305,000 $7,720 2.63%
Montrose, CO (FHA|USDA|VA) 1 $305,000 $305,000 $2,499 3.50%
Shelby, NC (FHA|USDA|VA) 1 $285,000 $285,000 $4,136 3.13%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $280,000 $140,000 $6,335 3.13%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $280,000 $140,000 $3,998 2.94%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $275,000 $275,000 $9,405 2.25%
Boone, NC (FHA|USDA|VA) 1 $275,000 $275,000 $3,375 3.50%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $275,000 $275,000 $7,072 2.38%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $265,000 $265,000 $2,269 3.13%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $255,000 $255,000 $3,555 2.50%
ROANOKE, VA (FHA|USDA|VA) 1 $255,000 $255,000 $6,606 2.50%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $245,000 $245,000 $2,129 3.38%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $245,000 $245,000 $9,421 3.25%
Clewiston, FL (FHA|USDA|VA) 1 $235,000 $235,000 $8,694 3.75%
CHICO, CA (FHA|USDA|VA) 1 $235,000 $235,000 $2,774 2.75%
Susanville, CA (FHA|USDA|VA) 1 $235,000 $235,000 $6,214 4.13%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $225,000 $225,000 $4,448 3.13%
Durango, CO (FHA|USDA|VA) 1 $215,000 $215,000 $2,499 3.25%
Okeechobee, FL (FHA|USDA|VA) 1 $215,000 $215,000 $8,536 2.88%
Glenwood Springs, CO (FHA|USDA|VA) 2 $210,000 $105,000 $2,561 3.19%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $205,000 $205,000 $3,077 3.00%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $205,000 $205,000 $2,154 2.88%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $200,000 $100,000 $4,596 3.31%
Albemarle, NC (FHA|USDA|VA) 1 $195,000 $195,000 $6,158 5.63%
Gaffney, SC (FHA|USDA|VA) 2 $190,000 $95,000 $3,666 3.63%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $185,000 $185,000 $5,100 2.50%
Lewistown, PA (FHA|USDA|VA) 1 $175,000 $175,000 $5,864 3.25%
Wauchula, FL (FHA|USDA|VA) 2 $170,000 $85,000 $4,889 3.69%
YUBA CITY, CA (FHA|USDA|VA) 1 $165,000 $165,000 $3,259 2.75%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $165,000 $165,000 $4,653 2.75%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $2,084 2.75%
Palatka, FL (FHA|USDA|VA) 1 $155,000 $155,000 $6,938 3.00%
TOLEDO, OH (FHA|USDA|VA) 1 $145,000 $145,000 $2,624 3.63%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $145,000 $145,000 $5,172 2.75%
COLUMBIA, SC (FHA|USDA|VA) 1 $105,000 $105,000 $3,202 2.88%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $105,000 $105,000 $7,191 5.00%
Henderson, NC (FHA|USDA|VA) 1 $105,000 $105,000 $6,175 4.38%
Salem, OH (FHA|USDA|VA) 1 $75,000 $75,000 $3,380 4.13%
Danville, VA (FHA|USDA|VA) 1 $65,000 $65,000 $5,342 4.88%
GAINESVILLE, FL (FHA|USDA|VA) 1 $65,000 $65,000 $3,566 3.63%
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)
  • California (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Maryland (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.

    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 330
    Chaffey Federal Credit Union
    Similarity Rank: 345
    BELLCO
    Similarity Rank: 354
    METROPLEX MORTGAGE SERVICES, INC.
    Similarity Rank: 372
    MANHATTAN FINANCIAL GROUP, INC.
    Similarity Rank: 384
    Princeton Federal Credit Union
    Similarity Rank: 450
    MYPOINT Credit Union
    Similarity Rank: 560
    TROPICAL FINANCIAL CREDIT UNION
    Similarity Rank: 575

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,184 $1,565,380,000 $301,964 $4,679 3.06%
    FHA 1,336 $362,310,000 $271,190 $10,029 3.16%
    VA 177 $55,005,000 $310,763 $7,906 3.01%
    USDA 44 $8,520,000 $193,636 $6,697 3.35%

    For 2020, Absolute Home Mortgage Corporation's most frequently originated type of loan was Conventional, with 5,184 originations. Their 2nd most popular type was FHA, with 1,336 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 3,773 $1,160,025,000 $307,454 $4,530 2.99%
    Home Purchase 2,968 $831,190,000 $280,051 $7,501 3.19%

    For 2020, Absolute Home Mortgage Corporation's most frequently cited loan purpose was Refi, with 3,773 originations. The 2nd most popular reason was Home Purchase, with 2,968 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,725 $1,708,425,000 $298,415 $6,174 3.14%
    15 Year 547 $147,315,000 $269,314 $3,991 2.63%
    20 Year 275 $80,415,000 $292,418 $3,805 2.93%
    Other 158 $48,140,000 $304,684 $4,107 2.97%
    10 Year 36 $6,920,000 $192,222 $3,644 2.49%

    For 2020, Absolute Home Mortgage Corporation's most frequently cited loan duration was 30 Year, with 5,725 originations. The 2nd most popular length was 15 Year, with 547 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3,910 $1,186,320,000 $303,407
    $<1k 894 $256,400,000 $286,801
    $2k-3k 629 $155,075,000 $246,542
    $5k+ 515 $181,145,000 $351,738
    $3k-4k 458 $119,110,000 $260,066
    $4k-5k 335 $93,165,000 $278,104

    Absolute Home Mortgage Corporation's average total fees were $6,174, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,910 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 3,269 $1,005,425,000 $307,563
    3-4% 2,481 $695,155,000 $280,191
    <2.5% 695 $218,985,000 $315,086
    4-5% 268 $65,960,000 $246,119
    5-6% 24 $4,880,000 $203,333
    6-7% 2 $500,000 $250,000
    7-8% 1 $195,000 $195,000
    Over 8% 1 $115,000 $115,000

    During 2020, Absolute Home Mortgage Corporation's average interest rate for loans was 3.14%, while their most frequently originated rate bucket for loans was 2.5-3%, with 3,269 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,987 $1,141,545,000 $286,317 $5,983 3.05%
    $100k-200k 1,411 $227,545,000 $161,265 $4,876 3.19%
    $400k-600k 1,065 $501,455,000 $470,850 $6,494 2.99%
    $600k-1MM 157 $106,585,000 $678,885 $7,280 2.95%
    $100,000 or less 117 $9,775,000 $83,547 $4,246 3.71%
    $1MM+ 4 $4,310,000 $1,077,500 $18,988 3.56%

    2020 saw Absolute Home Mortgage Corporation place emphasis on $200k-400k loans with 3,987 originations, totaling $1,141,545,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,623 $526,455,000 $324,372 $5,650 3.06%
    $50k-75k 1,473 $342,515,000 $232,529 $6,191 3.13%
    $75k-100k 1,298 $358,460,000 $276,163 $6,043 3.12%
    $150k-250k 1,109 $420,905,000 $379,536 $5,229 2.97%
    $50k or less 856 $180,300,000 $210,631 $6,183 3.15%
    $250k+ 382 $162,580,000 $425,602 $5,563 2.98%

    Absolute Home Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 1,623 originations. The second most popular income band? $50k-75k, with 1,473 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,247 $384,815,000 $308,593 $4,709 3.00%
    30-36% 1,110 $330,720,000 $297,946 $5,140 3.07%
    <20% 569 $173,025,000 $304,086 $5,582 2.90%
    50-60% 533 $147,675,000 $277,064 $10,076 3.14%
    44% 322 $93,050,000 $288,975 $5,688 3.21%
    43% 276 $81,490,000 $295,254 $5,972 3.15%
    42% 267 $78,575,000 $294,288 $6,061 3.13%
    38% 246 $70,520,000 $286,667 $5,398 3.14%
    49% 242 $72,080,000 $297,851 $6,567 3.15%
    41% 235 $67,755,000 $288,319 $5,944 3.15%
    37% 225 $64,195,000 $285,311 $5,222 3.06%
    36% 222 $65,160,000 $293,514 $5,183 3.08%
    46% 220 $65,270,000 $296,682 $6,257 3.13%
    39% 218 $64,540,000 $296,055 $5,622 3.11%
    40% 217 $64,785,000 $298,548 $5,847 3.13%
    45% 202 $56,460,000 $279,505 $5,976 3.14%
    48% 200 $56,920,000 $284,600 $5,856 3.15%
    47% 184 $52,580,000 $285,761 $6,463 3.13%
    >60% 6 $1,600,000 $266,667 $9,152 3.17%

    Absolute Home Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 1,247 originations. The next most common DTI ratio? 30-36%, with 1,110 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,182 $1,504,130,000 $290,261 $5,806 3.09%
    Asian 639 $236,045,000 $369,397 $4,346 2.92%
    Black 533 $142,765,000 $267,852 $7,674 3.21%
    Not provided 336 $92,960,000 $276,667 $5,952 3.02%
    American Indian 31 $9,575,000 $308,871 $8,024 3.03%
    Native Hawaiian or Islander 20 $5,740,000 $287,000 $7,397 3.16%

    Approval Rates

    Total approvals of all applications
    97.68%

    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
    58.67%

    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 6,741 $1,991,215,000 $295,389

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 6,741 $1,991,215,000 $295,389

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 229 $51,625,000 $225,437 $3,273 2.87%
    40-60% 834 $245,670,000 $294,568 $3,750 2.89%
    60-80% 2,426 $760,040,000 $313,289 $4,652 3.05%
    80-100% 3,198 $918,390,000 $287,176 $7,374 3.16%
    Over 100% 45 $14,135,000 $314,111 $12,947 3.24%
    Under 20% 9 $1,355,000 $150,556 $3,278 3.06%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Absolute Home Mortgage Corporation FHA mortgage Closing on a mortgage 1 50.0%
    Absolute Home Mortgage Corporation VA mortgage Closing on a mortgage 1 50.0%