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 small mortgage company specializing in 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, Tampa, and Baltimore among others. We have data for 116 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 relatively high 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% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,458Origination Dollar Volume (All Markets)
$1,508,250,000Awards
ABSOLUTE HOME MORTGAGE CORPORATION - 2022
ABSOLUTE HOME MORTGAGE CORPORATION is a 2022 , due to their low .
For 2022, 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) | 1,789 | $718,185,000 | $401,445 | $11,057 | 5.27% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 784 | $215,950,000 | $275,446 | $9,112 | 5.19% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 325 | $114,815,000 | $353,277 | $10,917 | 5.16% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 219 | $69,075,000 | $315,411 | $9,770 | 5.14% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 198 | $66,690,000 | $336,818 | $6,054 | 5.16% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 174 | $42,780,000 | $245,862 | $8,710 | 5.46% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 109 | $34,415,000 | $315,734 | $11,231 | 5.74% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 54 | $15,330,000 | $283,889 | $9,425 | 5.24% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 37 | $12,565,000 | $339,595 | $6,264 | 4.25% |
| RICHMOND, VA (FHA|USDA|VA) | 29 | $11,475,000 | $395,690 | $6,846 | 4.69% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 37 | $11,465,000 | $309,865 | $11,230 | 5.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 35 | $10,105,000 | $288,714 | $12,017 | 5.57% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 31 | $9,745,000 | $314,355 | $9,033 | 5.61% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 27 | $9,585,000 | $355,000 | $9,058 | 5.23% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 22 | $8,630,000 | $392,273 | $6,424 | 3.99% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 21 | $7,805,000 | $371,667 | $7,836 | 5.03% |
| DOVER, DE (FHA|USDA|VA) | 22 | $6,600,000 | $300,000 | $10,408 | 4.95% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 24 | $6,490,000 | $270,417 | $7,485 | 5.46% |
| Outside of Metro Areas | 23 | $5,985,000 | $260,217 | $7,694 | 5.11% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 22 | $5,900,000 | $268,182 | $10,469 | 5.19% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 26 | $5,870,000 | $225,769 | $8,624 | 5.61% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 16 | $5,690,000 | $355,625 | $12,354 | 5.41% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 36 | $5,650,000 | $156,944 | $6,520 | 4.97% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 15 | $5,375,000 | $358,333 | $11,027 | 5.29% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 23 | $5,035,000 | $218,913 | $8,849 | 5.02% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 12 | $4,960,000 | $413,333 | $11,906 | 5.59% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 13 | $4,815,000 | $370,385 | $7,832 | 4.61% |
| OCALA, FL (FHA|USDA|VA) | 21 | $4,515,000 | $215,000 | $9,332 | 4.73% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 12 | $3,990,000 | $332,500 | $8,370 | 4.85% |
| READING, PA (FHA|USDA|VA) | 18 | $3,920,000 | $217,778 | $9,013 | 6.03% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 18 | $3,750,000 | $208,333 | $8,691 | 5.29% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 14 | $3,390,000 | $242,143 | $7,390 | 5.64% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 17 | $3,345,000 | $196,765 | $8,070 | 5.58% |
| AKRON, OH (FHA|USDA|VA) | 17 | $3,155,000 | $185,588 | $6,845 | 4.80% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 15 | $3,015,000 | $201,000 | $8,366 | 4.84% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 14 | $2,670,000 | $190,714 | $6,365 | 4.98% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 9 | $2,565,000 | $285,000 | $5,353 | 4.04% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $2,450,000 | $612,500 | $10,830 | 5.81% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 9 | $2,355,000 | $261,667 | $10,308 | 5.89% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $2,180,000 | $363,333 | $9,617 | 3.56% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $2,150,000 | $537,500 | $8,231 | 3.94% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 7 | $2,015,000 | $287,857 | $10,365 | 5.05% |
| LANCASTER, PA (FHA|USDA|VA) | 7 | $1,985,000 | $283,571 | $9,184 | 5.86% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $1,935,000 | $387,000 | $6,911 | 3.60% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 7 | $1,855,000 | $265,000 | $7,355 | 5.36% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $1,815,000 | $605,000 | $6,489 | 3.12% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 6 | $1,630,000 | $271,667 | $8,183 | 5.27% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 4 | $1,550,000 | $387,500 | $9,022 | 5.81% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $1,495,000 | $498,333 | $5,033 | 4.54% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,365,000 | $455,000 | $6,859 | 3.79% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $18,050 | 5.58% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 7 | $1,145,000 | $163,571 | $7,374 | 4.89% |
| GLENS FALLS, NY (FHA|USDA|VA) | 7 | $1,095,000 | $156,429 | $8,095 | 5.39% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $12,953 | 6.13% |
| WILMINGTON, NC (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $7,252 | 6.25% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $9,043 | 4.94% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $7,133 | 4.25% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $3,405 | 3.31% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $4,852 | 4.67% |
| GETTYSBURG, PA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $7,950 | 5.18% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $5,944 | 5.50% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $6,911 | 4.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $7,045 | 4.31% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $17,275 | 7.50% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $9,531 | 5.38% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $6,827 | 6.50% |
| LEBANON, PA (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $6,238 | 6.37% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $4,280 | 3.69% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $6,930 | 4.68% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $5,557 | 5.68% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $5,359 | 3.00% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $0 | 7.38% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $8,812 | 5.19% |
| Malone, NY (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $11,256 | 5.25% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $7,209 | 5.19% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,163 | 3.50% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $6,958 | 5.50% |
| Plattsburgh, NY (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $6,902 | 6.63% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $7,133 | 5.54% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,406 | 5.50% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $5,291 | 6.25% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $17,254 | 6.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $10,121 | 4.63% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $13,652 | 6.13% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $8,358 | 6.38% |
| Kinston, NC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $6,769 | 5.75% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,341 | 5.63% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,166 | 3.25% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,190 | 4.88% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,243 | 5.13% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,991 | 3.00% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $15,009 | 6.63% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,370 | 5.88% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $11,541 | 4.25% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,214 | 5.63% |
| Easton, MD (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,900 | 5.63% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $14,365 | 6.38% |
| Lewisburg, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $10,180 | 5.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,509 | 5.75% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $5,864 | 3.37% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,209 | 5.50% |
| Key West, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,435 | 3.50% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,971 | 3.50% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,901 | 5.13% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $11,084 | 6.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,702 | 3.38% |
| Palatka, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 5.38% |
| Lake City, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,034 | 5.75% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,742 | 5.63% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,390 | 2.50% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,636 | 6.13% |
| Gloversville, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $7,179 | 6.50% |
| Wooster, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,501 | 4.63% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $9,069 | 6.63% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.13% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,377 | 5.50% |
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Product Mix
For 2022, Absolute Home Mortgage Corporation's most frequently originated type of loan was Conventional, with 3,204 originations. Their 2nd most popular type was FHA, with 1,113 originations.
Loan Reason
For 2022, Absolute Home Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 3,757 originations. The 2nd most popular reason was Cash Out Refi, with 424 originations.
Loan Duration/Length
For 2022, Absolute Home Mortgage Corporation's most frequently cited loan duration was 30 Year, with 4,275 originations. The 2nd most popular length was 15 Year, with 119 originations.
Origination Fees/Closing Costs
Absolute Home Mortgage Corporation's average total fees were $10,009, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,733 originations.
Interest Rates
During 2022, Absolute Home Mortgage Corporation's average interest rate for loans was 5.29%, while their most frequently originated rate bucket for loans was 5-6%, with 1,655 originations.
Loan Sizing
2022 saw Absolute Home Mortgage Corporation place emphasis on $200k-400k loans with 2,314 originations, totaling $682,900,000 in origination value.
Applicant Income
Absolute Home Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 1,189 originations. The second most popular income band? $75k-100k, with 955 originations.
Applicant Debt to Income Ratio
Absolute Home Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 600 originations. The next most common DTI ratio? 50-60%, with 585 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.49%
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 origination39.28%
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 | 4,458 | $1,508,250,000 | $338,324 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4,458 | $1,508,250,000 | $338,324 |