Home Financing Unlimited Mortgage Rates, Fees & InfoAustin, TX
Tax ID: 76-0079774
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewHome Financing Unlimited is a smaller mortgage company specializing in Home Purchase loans. Home Financing Unlimited has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Austin, Houston, San Antonio, Corpus Christi, and Killeen among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)
Home Financing Unlimited 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. Home Financing Unlimited 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 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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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.30%||11/30/23|
|30 Year Conventional Refi||6.43%||11/30/23|
|30 Year Cash-out Refi||6.53%||11/30/23|
|30 Year FHA Purchase||7.14%||11/30/23|
|30 Year VA Purchase||6.13%||11/30/23|
|30 Year USDA Purchase||6.66%||11/30/23|
|15 Year Conventional Purchase||5.54%||11/30/23|
|15 Year Conventional Refi||6.05%||11/30/23|
|15 Year Cash-out Refi||6.05%||11/30/23|
|15 Year VA Refi||6.37%||11/30/23|
|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.|
Home Financing Unlimited Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Home Financing Unlimited. 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.
Origination Dollar Volume (All Markets)$281,680,000
HOME FINANCING UNLIMITED - 2022
HOME FINANCING UNLIMITED is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Home Financing Unlimited's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.04%.
Relative Fees (Closing Costs)
Home Financing Unlimited's average total fees/closing costs for a 30 year fixed rate
mortgage were $13,206.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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|
|AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA)||574||$265,340,000||$462,265||$13,516||4.66%|
|HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)||27||$8,695,000||$322,037||$8,169||4.74%|
|SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA)||8||$2,370,000||$296,250||$8,654||4.88%|
|CORPUS CHRISTI, TX (FHA|USDA|VA)||2||$1,950,000||$975,000||$6,536||5.63%|
|Outside of Metro Areas||3||$875,000||$291,667||$7,368||4.50%|
|KILLEEN-TEMPLE, TX (FHA|USDA|VA)||2||$810,000||$405,000||$10,275||4.06%|
|Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)||2||$810,000||$405,000||$5,509||4.38%|
|Rockport, TX (FHA|USDA|VA)||1||$365,000||$365,000||$6,028||3.88%|
|TYLER, TX (FHA|USDA|VA)||1||$205,000||$205,000||$3,553||5.50%|
|MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA)||1||$145,000||$145,000||$5,366||3.38%|
|LUBBOCK, TX (FHA|USDA|VA)||1||$115,000||$115,000||$6,339||5.63%|
We use machine learning to identify the top lenders compared against HOME FINANCING UNLIMITED based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Home Financing Unlimited's most frequently originated type of loan was Conventional, with 562 originations. Their 2nd most popular type was FHA, with 32 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||16||$6,470,000||$404,375||$7,301||3.76%|
For 2022, Home Financing Unlimited's most frequently cited loan purpose was Home Purchase, with 589 originations. The 2nd most popular reason was Refi, with 17 originations.
For 2022, Home Financing Unlimited's most frequently cited loan duration was 30 Year, with 581 originations. The 2nd most popular length was 15 Year, with 36 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Home Financing Unlimited's average total fees were $13,206, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 262 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Home Financing Unlimited's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 4-5%, with 252 originations.
2022 saw Home Financing Unlimited place emphasis on $400k-600k loans with 327 originations, totaling $156,985,000 in origination value.
Home Financing Unlimited lent most frequently to those with incomes in the $150k-250k range, with 221 originations. The second most popular income band? $100k-150k, with 198 originations.
Applicant Debt to Income Ratio
Home Financing Unlimited lent most frequently to those with DTI ratios of 20-30%, with 132 originations. The next most common DTI ratio? 30-36%, with 114 originations.
Approval RatesTotal approvals of all applications
Home Financing Unlimited has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Home Financing Unlimited has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|Home Point Financial Corporation||Conventional home mortgage||Closing on a mortgage||1||20.0%|
|Home Point Financial Corporation||Conventional home mortgage||Incorrect information on your report||1||20.0%|
|Home Point Financial Corporation||Conventional home mortgage||Struggling to pay mortgage||1||20.0%|
|Home Point Financial Corporation||Conventional home mortgage||Trouble during payment process||1||20.0%|
|Home Point Financial Corporation||VA mortgage||Trouble during payment process||1||20.0%|