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

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Mortgage Data

Review & Overview

Absolute Home Mortgage Corporation is a small mortgage company specializing in Home Purchase and Refi 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 Tampa among others. We have data for 172 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% 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

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

7,054

Origination Dollar Volume (All Markets)

$2,147,940,000
Show all (24) 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) 2,489 $869,845,000 $349,476 $6,596 3.02%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1,128 $297,260,000 $263,528 $6,171 3.09%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 509 $147,405,000 $289,597 $7,057 3.10%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 346 $106,490,000 $307,775 $4,644 2.95%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 337 $84,215,000 $249,896 $6,330 3.14%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 184 $72,270,000 $392,772 $3,213 2.82%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 250 $63,430,000 $253,720 $5,616 3.14%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 131 $45,625,000 $348,282 $4,471 2.75%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 67 $30,595,000 $456,642 $3,264 2.82%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 119 $29,025,000 $243,908 $6,685 3.07%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 105 $25,535,000 $243,190 $5,175 3.14%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 60 $18,410,000 $306,833 $4,262 2.87%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 34 $18,050,000 $530,882 $3,580 2.73%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 43 $15,645,000 $363,837 $3,577 2.80%
PORT ST. LUCIE, FL (FHA|USDA|VA) 57 $15,605,000 $273,772 $8,139 3.11%
JACKSONVILLE, FL (FHA|USDA|VA) 64 $15,070,000 $235,469 $5,945 3.07%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 45 $12,295,000 $273,222 $3,669 2.74%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 41 $11,545,000 $281,585 $4,298 3.01%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 38 $10,650,000 $280,263 $5,984 3.01%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 44 $9,800,000 $222,727 $3,211 2.76%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 34 $9,740,000 $286,471 $4,174 2.75%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 43 $9,475,000 $220,349 $5,140 3.03%
EAST STROUDSBURG, PA (FHA|USDA|VA) 34 $8,570,000 $252,059 $7,033 3.19%
RICHMOND, VA (FHA|USDA|VA) 24 $8,520,000 $355,000 $3,953 2.94%
RALEIGH-CARY, NC (FHA|USDA|VA) 21 $7,695,000 $366,429 $4,266 2.89%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 31 $7,565,000 $244,032 $3,155 2.66%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 30 $7,410,000 $247,000 $6,936 3.03%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 32 $7,140,000 $223,125 $6,862 3.11%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 18 $6,910,000 $383,889 $3,006 2.81%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 26 $6,800,000 $261,538 $4,055 2.93%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 23 $6,465,000 $281,087 $4,936 3.16%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 40 $6,420,000 $160,500 $5,676 2.99%
Outside of Metro Areas 27 $5,965,000 $220,926 $4,717 2.85%
SALISBURY, MD-DE (FHA|USDA|VA) 21 $5,645,000 $268,810 $5,902 3.04%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 16 $5,580,000 $348,750 $5,190 2.89%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 17 $5,355,000 $315,000 $4,971 3.11%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 19 $5,215,000 $274,474 $7,117 3.08%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 19 $5,165,000 $271,842 $3,895 2.91%
PITTSBURGH, PA (FHA|USDA|VA) 20 $5,150,000 $257,500 $4,472 2.96%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 24 $4,130,000 $172,083 $5,306 3.18%
OCEAN CITY, NJ (FHA|USDA|VA) 11 $4,125,000 $375,000 $6,524 3.02%
Kill Devil Hills, NC (FHA|USDA|VA) 2 $3,810,000 $1,905,000 $4,578 2.81%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 15 $3,555,000 $237,000 $5,486 3.35%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 12 $3,510,000 $292,500 $6,417 3.00%
VALLEJO, CA (FHA|USDA|VA) 8 $3,430,000 $428,750 $2,898 2.93%
READING, PA (FHA|USDA|VA) 15 $3,215,000 $214,333 $7,414 3.21%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 11 $3,135,000 $285,000 $3,886 3.01%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 10 $3,030,000 $303,000 $3,340 2.93%
STOCKTON, CA (FHA|USDA|VA) 10 $2,980,000 $298,000 $2,942 2.96%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 9 $2,825,000 $313,889 $6,965 3.03%
DOVER, DE (FHA|USDA|VA) 10 $2,610,000 $261,000 $6,381 3.14%
AKRON, OH (FHA|USDA|VA) 13 $2,465,000 $189,615 $5,162 3.11%
FRESNO, CA (FHA|USDA|VA) 9 $2,355,000 $261,667 $3,570 2.71%
COLUMBUS, OH (FHA|USDA|VA) 9 $2,145,000 $238,333 $2,386 2.61%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 9 $2,075,000 $230,556 $3,961 2.85%
OCALA, FL (FHA|USDA|VA) 11 $1,975,000 $179,545 $5,136 3.03%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 9 $1,755,000 $195,000 $5,576 3.21%
COLUMBIA, SC (FHA|USDA|VA) 6 $1,680,000 $280,000 $4,722 2.60%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 6 $1,670,000 $278,333 $6,418 3.15%
Key West, FL (FHA|USDA|VA) 2 $1,610,000 $805,000 $5,836 2.81%
LANCASTER, PA (FHA|USDA|VA) 7 $1,575,000 $225,000 $4,973 2.71%
CANTON-MASSILLON, OH (FHA|USDA|VA) 9 $1,555,000 $172,778 $6,734 2.78%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 5 $1,495,000 $299,000 $5,804 2.73%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 4 $1,310,000 $327,500 $5,905 2.84%
THE VILLAGES, FL (FHA|USDA|VA) 4 $1,280,000 $320,000 $4,409 2.84%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $1,185,000 $395,000 $7,189 3.21%
TUCSON, AZ (FHA|USDA|VA) 6 $1,180,000 $196,667 $2,968 2.79%
VISALIA, CA (FHA|USDA|VA) 5 $1,145,000 $229,000 $3,850 2.70%
Georgetown, SC (FHA|USDA|VA) 4 $1,130,000 $282,500 $5,784 3.18%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 5 $1,115,000 $223,000 $6,118 3.20%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 5 $1,085,000 $217,000 $3,739 2.77%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 6 $1,070,000 $178,333 $4,599 3.10%
BAKERSFIELD, CA (FHA|USDA|VA) 5 $1,065,000 $213,000 $2,473 2.83%
YORK-HANOVER, PA (FHA|USDA|VA) 5 $1,015,000 $203,000 $5,021 2.95%
WINSTON-SALEM, NC (FHA|USDA|VA) 4 $980,000 $245,000 $3,586 2.93%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 4 $980,000 $245,000 $5,174 2.94%
MODESTO, CA (FHA|USDA|VA) 4 $970,000 $242,500 $2,275 2.81%
EL CENTRO, CA (FHA|USDA|VA) 4 $970,000 $242,500 $2,291 2.91%
REDDING, CA (FHA|USDA|VA) 4 $960,000 $240,000 $3,643 3.13%
GLENS FALLS, NY (FHA|USDA|VA) 4 $950,000 $237,500 $6,056 3.09%
SALINAS, CA (FHA|USDA|VA) 3 $945,000 $315,000 $3,080 2.79%
PUNTA GORDA, FL (FHA|USDA|VA) 4 $920,000 $230,000 $4,278 3.19%
BOULDER, CO (FHA|USDA|VA) 3 $875,000 $291,667 $2,764 2.83%
GAINESVILLE, FL (FHA|USDA|VA) 3 $875,000 $291,667 $5,556 3.25%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $815,000 $271,667 $2,361 3.04%
Hudson, NY (FHA|USDA|VA) 3 $815,000 $271,667 $4,173 2.92%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $805,000 $268,333 $2,806 2.79%
MADERA, CA (FHA|USDA|VA) 3 $805,000 $268,333 $2,794 2.75%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $790,000 $395,000 $6,757 2.75%
WINCHESTER, VA-WV (FHA|USDA|VA) 3 $755,000 $251,667 $3,853 2.88%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $735,000 $245,000 $3,229 2.96%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $730,000 $365,000 $6,032 3.00%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $720,000 $360,000 $2,736 2.81%
Lake City, FL (FHA|USDA|VA) 3 $695,000 $231,667 $6,144 3.25%
Clewiston, FL (FHA|USDA|VA) 3 $695,000 $231,667 $9,087 2.92%
TALLAHASSEE, FL (FHA|USDA|VA) 4 $680,000 $170,000 $6,088 3.22%
Albemarle, NC (FHA|USDA|VA) 4 $680,000 $170,000 $5,543 2.69%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 3 $675,000 $225,000 $4,709 2.79%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 3 $655,000 $218,333 $5,719 2.83%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $650,000 $325,000 $3,259 3.06%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $620,000 $310,000 $2,562 2.63%
ROANOKE, VA (FHA|USDA|VA) 2 $610,000 $305,000 $2,425 2.68%
GETTYSBURG, PA (FHA|USDA|VA) 3 $605,000 $201,667 $7,276 3.29%
Truckee-Grass Valley, CA (FHA|USDA|VA) 3 $575,000 $191,667 $2,525 2.83%
Chillicothe, OH (FHA|USDA|VA) 2 $570,000 $285,000 $4,289 2.69%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $570,000 $285,000 $3,057 2.75%
Okeechobee, FL (FHA|USDA|VA) 2 $550,000 $275,000 $10,566 3.56%
FORT COLLINS, CO (FHA|USDA|VA) 2 $550,000 $275,000 $4,946 2.75%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $545,000 $545,000 $3,987 2.88%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $535,000 $178,333 $2,271 2.83%
Glenwood Springs, CO (FHA|USDA|VA) 1 $535,000 $535,000 $2,685 2.88%
Torrington, CT (FHA|USDA|VA) 2 $510,000 $255,000 $3,394 3.13%
MERCED, CA (FHA|USDA|VA) 2 $480,000 $240,000 $2,635 3.18%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $460,000 $230,000 $2,994 2.62%
SPRINGFIELD, OH (FHA|USDA|VA) 2 $440,000 $220,000 $5,954 3.43%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $430,000 $215,000 $7,480 3.00%
BURLINGTON, NC (FHA|USDA|VA) 2 $420,000 $210,000 $5,077 3.19%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 2 $410,000 $205,000 $2,803 2.87%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $405,000 $405,000 $3,759 3.63%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $395,000 $395,000 $3,130 2.88%
LEBANON, PA (FHA|USDA|VA) 3 $365,000 $121,667 $4,599 3.04%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $345,000 $345,000 $2,410 2.50%
KINGSTON, NY (FHA|USDA|VA) 1 $345,000 $345,000 $6,827 3.00%
Pottsville, PA (FHA|USDA|VA) 2 $320,000 $160,000 $6,895 3.00%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $310,000 $155,000 $5,967 4.06%
CARBONDALE-MARION, IL (FHA|USDA|VA) 2 $310,000 $155,000 $2,939 2.87%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $300,000 $150,000 $3,065 2.81%
NAPA, CA (FHA|USDA|VA) 1 $295,000 $295,000 $4,621 3.38%
Wauchula, FL (FHA|USDA|VA) 1 $295,000 $295,000 $13,047 2.88%
KANKAKEE, IL (FHA|USDA|VA) 2 $290,000 $145,000 $5,002 3.06%
TOLEDO, OH (FHA|USDA|VA) 2 $290,000 $145,000 $4,782 2.25%
WILMINGTON, NC (FHA|USDA|VA) 1 $275,000 $275,000 $2,885 3.13%
MORRISTOWN, TN (FHA|USDA|VA) 1 $275,000 $275,000 $2,335 2.99%
Palatka, FL (FHA|USDA|VA) 2 $270,000 $135,000 $6,280 3.36%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $265,000 $265,000 $3,316 2.99%
Kinston, NC (FHA|USDA|VA) 1 $265,000 $265,000 $11,352 3.38%
YUMA, AZ (FHA|USDA|VA) 1 $255,000 $255,000 $2,410 2.88%
Show Low, AZ (FHA|USDA|VA) 1 $255,000 $255,000 $2,545 2.99%
LYNCHBURG, VA (FHA|USDA|VA) 1 $255,000 $255,000 $8,148 2.88%
CHICO, CA (FHA|USDA|VA) 1 $245,000 $245,000 $2,260 2.99%
Crossville, TN (FHA|USDA|VA) 1 $245,000 $245,000 $2,315 2.75%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $245,000 $245,000 $2,999 2.50%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $235,000 $235,000 $8,600 3.75%
PEORIA, IL (FHA|USDA|VA) 1 $235,000 $235,000 $2,390 2.87%
Sevierville, TN (FHA|USDA|VA) 1 $235,000 $235,000 $2,215 2.88%
GOLDSBORO, NC (FHA|USDA|VA) 1 $225,000 $225,000 $9,906 4.25%
Bellefontaine, OH (FHA|USDA|VA) 1 $225,000 $225,000 $2,355 2.87%
STAUNTON, VA (FHA|USDA|VA) 1 $225,000 $225,000 $5,775 3.49%
UTICA-ROME, NY (FHA|USDA|VA) 2 $220,000 $110,000 $4,931 3.69%
Indiana, PA (FHA|USDA|VA) 1 $215,000 $215,000 $7,162 3.25%
Gaffney, SC (FHA|USDA|VA) 1 $205,000 $205,000 $3,449 3.25%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $205,000 $205,000 $3,020 2.25%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $205,000 $205,000 $5,950 2.99%
DECATUR, IL (FHA|USDA|VA) 1 $195,000 $195,000 $6,479 2.63%
SPARTANBURG, SC (FHA|USDA|VA) 1 $195,000 $195,000 $3,849 3.75%
Easton, MD (FHA|USDA|VA) 1 $185,000 $185,000 $2,175 2.63%
PANAMA CITY, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,528 3.88%
Sonora, CA (FHA|USDA|VA) 1 $185,000 $185,000 $2,221 2.88%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $185,000 $185,000 $2,813 2.99%
Breckenridge, CO (FHA|USDA|VA) 1 $185,000 $185,000 $3,681 2.87%
HARRISONBURG, VA (FHA|USDA|VA) 1 $175,000 $175,000 $2,134 2.75%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $165,000 $165,000 $3,882 2.25%
Arcadia, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,846 3.13%
Ashtabula, OH (FHA|USDA|VA) 1 $165,000 $165,000 $7,260 2.75%
Greeneville, TN (FHA|USDA|VA) 1 $165,000 $165,000 $3,816 2.38%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $165,000 $165,000 $3,195 2.88%
KNOXVILLE, TN (FHA|USDA|VA) 1 $135,000 $135,000 $2,365 3.12%
Forest City, NC (FHA|USDA|VA) 1 $135,000 $135,000 $3,853 3.00%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $135,000 $135,000 $6,209 3.63%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $135,000 $135,000 $7,135 2.88%
ELMIRA, NY (FHA|USDA|VA) 1 $105,000 $105,000 $4,835 3.38%
Cambridge, MD (FHA|USDA|VA) 1 $55,000 $55,000 $3,404 3.75%
Absolute Home Mortgage Corporation's top markets include New York, Philadelphia, Miami, Baltimore, and Tampa 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)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,589 $1,723,455,000 $308,366 $4,836 3.02%
    FHA 1,233 $350,775,000 $284,489 $10,380 3.07%
    VA 193 $65,105,000 $337,332 $8,432 2.85%
    USDA 39 $8,605,000 $220,641 $6,895 3.14%

    For 2021, Absolute Home Mortgage Corporation's most frequently originated type of loan was Conventional, with 5,589 originations. Their 2nd most popular type was FHA, with 1,233 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,368 $1,060,620,000 $314,911 $7,365 3.15%
    Refi 2,314 $682,050,000 $294,749 $4,214 2.79%
    Cash Out Refi 1,372 $405,270,000 $295,386 $5,227 3.11%

    For 2021, Absolute Home Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 3,368 originations. The 2nd most popular reason was Refi, with 2,314 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 6,067 $1,879,425,000 $309,778 $6,240 3.09%
    15 Year 531 $142,055,000 $267,524 $3,907 2.46%
    20 Year 272 $75,660,000 $278,162 $3,933 2.78%
    Other 135 $41,275,000 $305,741 $4,111 2.90%
    10 Year 49 $9,525,000 $194,388 $3,329 2.35%

    For 2021, Absolute Home Mortgage Corporation's most frequently cited loan duration was 30 Year, with 6,067 originations. The 2nd most popular length was 15 Year, with 531 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 4,402 $1,361,900,000 $309,382
    $2k-3k 672 $178,890,000 $266,205
    $<1k 623 $185,805,000 $298,242
    $5k+ 592 $219,090,000 $370,084
    $3k-4k 438 $112,010,000 $255,731
    $4k-5k 320 $88,630,000 $276,969

    Absolute Home Mortgage Corporation's average total fees were $6,240, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4,402 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 3,093 $969,885,000 $313,574
    3-4% 3,015 $895,555,000 $297,033
    <2.5% 841 $257,395,000 $306,058
    4-5% 104 $24,850,000 $238,942
    5-6% 1 $255,000 $255,000

    During 2021, Absolute Home Mortgage Corporation's average interest rate for loans was 3.09%, while their most frequently originated rate bucket for loans was 2.5-3%, with 3,093 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,025 $1,156,265,000 $287,271 $5,919 3.01%
    $100k-200k 1,483 $239,145,000 $161,258 $4,685 3.06%
    $400k-600k 1,227 $583,895,000 $475,872 $7,097 2.98%
    $600k-1MM 196 $139,600,000 $712,245 $8,343 3.00%
    $100,000 or less 107 $8,775,000 $82,009 $4,064 3.33%
    $1MM+ 16 $20,260,000 $1,266,250 $9,792 2.97%

    2021 saw Absolute Home Mortgage Corporation place emphasis on $200k-400k loans with 4,025 originations, totaling $1,156,265,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,724 $582,000,000 $337,587 $6,013 3.02%
    $50k-75k 1,529 $368,845,000 $241,233 $6,213 3.06%
    $75k-100k 1,427 $413,785,000 $289,968 $6,054 3.06%
    $150k-250k 1,103 $432,225,000 $391,863 $5,434 2.97%
    $50k or less 915 $180,805,000 $197,601 $5,591 3.01%
    $250k+ 356 $170,280,000 $478,315 $5,909 2.94%

    Absolute Home Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 1,724 originations. The second most popular income band? $50k-75k, with 1,529 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,185 $366,435,000 $309,228 $4,888 2.93%
    30-36% 1,104 $345,000,000 $312,500 $5,396 3.02%
    50-60% 549 $165,815,000 $302,031 $10,553 3.05%
    44% 352 $108,310,000 $307,699 $6,025 3.10%
    43% 343 $103,535,000 $301,851 $5,798 3.11%
    <20% 335 $94,715,000 $282,731 $4,373 2.86%
    42% 306 $95,800,000 $313,072 $5,571 3.10%
    49% 294 $88,050,000 $299,490 $6,196 3.03%
    41% 290 $88,860,000 $306,414 $5,689 3.07%
    39% 263 $79,395,000 $301,882 $5,855 3.11%
    48% 256 $80,920,000 $316,094 $6,477 3.06%
    40% 252 $77,420,000 $307,222 $5,321 3.05%
    38% 239 $71,885,000 $300,774 $5,565 3.12%
    45% 238 $70,090,000 $294,496 $5,970 3.07%
    46% 234 $71,790,000 $306,795 $6,138 3.01%
    47% 226 $68,380,000 $302,566 $6,214 3.04%
    36% 226 $66,420,000 $293,894 $5,355 3.09%
    37% 217 $64,505,000 $297,258 $5,211 3.05%
    >60% 11 $3,045,000 $276,818 $9,028 3.06%

    Absolute Home Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 1,185 originations. The next most common DTI ratio? 30-36%, with 1,104 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,075 $1,528,465,000 $301,175 $5,953 3.04%
    Asian 649 $240,475,000 $370,532 $4,628 2.82%
    Black 724 $204,240,000 $282,099 $7,142 3.11%
    Not provided 555 $159,925,000 $288,153 $5,510 3.01%
    American Indian 36 $10,260,000 $285,000 $5,308 2.86%
    Native Hawaiian or Islander 15 $4,575,000 $305,000 $5,546 3.03%

    Approval Rates

    Total approvals of all applications
    97.70%

    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
    39.99%

    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 7,054 $2,147,940,000 $304,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    7,054 $2,147,940,000 $304,500

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 316 $71,880,000 $227,468 $3,390 2.74%
    40-60% 1,068 $305,480,000 $286,030 $3,858 2.79%
    60-80% 2,520 $786,170,000 $311,972 $5,065 3.07%
    80-100% 3,089 $963,915,000 $312,048 $7,449 3.10%
    Over 100% 43 $16,645,000 $387,093 $15,885 3.03%
    Under 20% 18 $3,850,000 $213,889 $3,603 2.76%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Absolute Home Mortgage Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%