Home Financing Unlimited Mortgage Rates, Fees & Info
Austin, TXLEI: 549300DDJB48AVV1SO96
Tax ID: 76-0079774
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Home Financing Unlimited is a smaller mortgage company specializing in Home Purchase loans. Home Financing Unlimited 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 include Austin, Houston, Dallas, San Antonio, and Corpus Christi among others. Home Financing Unlimited has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Home Financing Unlimited is typically a high fee lendor.Originations
843Origination Dollar Volume (All Markets)
$298,585,000Awards
HOME FINANCING UNLIMITED - 2021
HOME FINANCING UNLIMITED is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Home Financing Unlimited 's average 30 year fixed rate mortgage of loans were
3.04%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.11%.
Relative Fees
Home Financing Unlimited 's average total fees for a 30 year fixed rate
mortgage are $7,323.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 670 | $247,780,000 | $369,821 | $7,485 | 3.01% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 108 | $29,230,000 | $270,648 | $5,991 | 3.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 17 | $5,765,000 | $339,118 | $6,297 | 2.80% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 15 | $4,235,000 | $282,333 | $4,862 | 2.81% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 4 | $3,410,000 | $852,500 | $4,821 | 3.94% |
| Outside of Metro Areas | 9 | $2,825,000 | $313,889 | $6,318 | 3.28% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 7 | $2,075,000 | $296,429 | $6,535 | 3.09% |
| Rockport, TX (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $4,968 | 3.08% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,319 | 2.75% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,565 | 3.38% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,285 | 2.88% |
| WACO, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,098 | 3.00% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,709 | 3.50% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,597 | 3.50% |
| Palestine, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,696 | 3.13% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,512 | 3.13% |
| El Campo, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,507 | 3.13% |
Home Financing Unlimited 's top markets include Austin, Houston, Dallas, San Antonio, and Corpus Christi among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 737 | $264,725,000 | $359,193 | $6,630 | 3.02% |
| FHA | 63 | $19,405,000 | $308,016 | $11,279 | 3.07% |
| VA | 36 | $12,560,000 | $348,889 | $10,596 | 2.64% |
| USDA | 7 | $1,895,000 | $270,714 | $8,726 | 2.79% |
For the 2021 period, Home Financing Unlimited 's most frequently originated loan type of loans were Conventional, with 737 originations. Their 2nd most popular type is FHA, with 63 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 649 | $240,665,000 | $370,824 | $7,928 | 3.05% |
| Refi | 129 | $38,895,000 | $301,512 | $4,207 | 2.71% |
| Cash Out Refi | 62 | $17,300,000 | $279,032 | $5,501 | 3.21% |
| Other | 3 | $1,725,000 | $575,000 | $4,581 | 3.79% |
For the 2021, Home Financing Unlimited 's most frequently cited loan purpose of loans were Home Purchase, with 649 originations. The 2nd most popular reason of loans were Refi, with 129 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 767 | $272,785,000 | $355,652 | $7,323 | 3.04% |
| 15 Year | 63 | $19,835,000 | $314,841 | $5,578 | 2.50% |
| 20 Year | 7 | $2,135,000 | $305,000 | $5,728 | 2.75% |
| 1 Year | 6 | $3,830,000 | $638,333 | $0 | 4.25% |
For the 2021, Home Financing Unlimited 's most frequently cited loan length of loans were 30 Year, with 767 originations. The 2nd most popular length of loans were 15 Year, with 63 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 442 | $152,280,000 | $344,525 |
| $3k-4k | 137 | $45,445,000 | $331,715 |
| $2k-3k | 128 | $44,290,000 | $346,016 |
| $5k+ | 125 | $52,795,000 | $422,360 |
| $<1k | 9 | $3,215,000 | $357,222 |
$7,323 of loans were Home Financing Unlimited 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 442 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 388 | $143,020,000 | $368,608 |
| 3-4% | 332 | $111,470,000 | $335,753 |
| <2.5% | 105 | $36,065,000 | $343,476 |
| 4-5% | 18 | $8,030,000 | $446,111 |
During 2021, Home Financing Unlimited 's average interest rate of loans were 3.04%, while their most frequently originated rate bucket of loans were 2.5-3%, with 388 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 497 | $151,345,000 | $304,517 | $7,284 | 3.03% |
| $400k-600k | 232 | $114,540,000 | $493,707 | $7,556 | 2.94% |
| $100k-200k | 90 | $14,620,000 | $162,444 | $4,737 | 3.04% |
| $600k-1MM | 18 | $13,160,000 | $731,111 | $11,381 | 3.11% |
| $1MM+ | 4 | $4,750,000 | $1,187,500 | $12,010 | 3.78% |
| $100,000 or less | 2 | $170,000 | $85,000 | $3,176 | 2.19% |
2021 saw Home Financing Unlimited place emphasis on $200k-400k loans with 497 originations, totaling $151,345,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 229 | $82,285,000 | $359,323 | $7,385 | 2.97% |
| $150k-250k | 214 | $87,570,000 | $409,206 | $7,095 | 2.99% |
| $75k-100k | 140 | $43,590,000 | $311,357 | $7,563 | 3.05% |
| $50k-75k | 109 | $27,495,000 | $252,248 | $6,994 | 3.04% |
| $250k+ | 103 | $47,715,000 | $463,252 | $7,480 | 3.13% |
| $50k or less | 44 | $8,890,000 | $202,045 | $5,135 | 2.90% |
Home Financing Unlimited lent most frequently to those with incomes in the $100k-150k range, with 229 originations. The second most popular income band? $150k-250k, with 214 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 205 | $74,805,000 | $364,902 | $6,762 | 2.97% |
| 30-36% | 176 | $68,430,000 | $388,807 | $7,343 | 3.03% |
| <20% | 66 | $22,530,000 | $341,364 | $6,085 | 2.92% |
| 38% | 39 | $14,775,000 | $378,846 | $8,316 | 2.92% |
| 42% | 37 | $12,765,000 | $345,000 | $7,201 | 3.04% |
| 41% | 35 | $11,855,000 | $338,714 | $6,546 | 3.09% |
| 40% | 32 | $10,040,000 | $313,750 | $6,762 | 3.09% |
| 39% | 28 | $9,440,000 | $337,143 | $7,172 | 3.04% |
| 36% | 27 | $9,005,000 | $333,519 | $6,560 | 3.00% |
| 44% | 26 | $8,350,000 | $321,154 | $6,943 | 3.13% |
| 43% | 26 | $9,410,000 | $361,923 | $7,172 | 2.93% |
| 37% | 25 | $8,195,000 | $327,800 | $7,103 | 3.01% |
| 50-60% | 24 | $8,010,000 | $333,750 | $11,414 | 2.99% |
| 45% | 21 | $6,725,000 | $320,238 | $6,587 | 3.13% |
| 47% | 19 | $6,205,000 | $326,579 | $8,514 | 3.09% |
| 49% | 19 | $6,275,000 | $330,263 | $7,182 | 2.95% |
| 46% | 19 | $5,525,000 | $290,789 | $6,548 | 3.07% |
| 48% | 18 | $5,640,000 | $313,333 | $8,168 | 3.13% |
| >60% | 1 | $605,000 | $605,000 | $22,532 | 2.63% |
Home Financing Unlimited lent most frequently to those with DTI ratios of 20-30%, with 205 originations. The next most common DTI ratio? 30-36%, with 176 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 429 | $149,945,000 | $349,522 | $7,198 | 2.96% |
| Asian | 221 | $83,155,000 | $376,267 | $7,136 | 3.07% |
| Not provided | 147 | $50,455,000 | $343,231 | $7,096 | 3.02% |
| Black | 33 | $10,135,000 | $307,121 | $7,539 | 3.11% |
| American Indian | 6 | $2,230,000 | $371,667 | $7,477 | 3.13% |
| Asian Indian | 4 | $1,850,000 | $462,500 | $6,176 | 2.91% |
| Chinese | 1 | $395,000 | $395,000 | $5,576 | 3.63% |
| Filipino | 1 | $265,000 | $265,000 | $6,997 | 3.13% |
| Other Asian | 1 | $155,000 | $155,000 | $4,286 | 2.88% |
Approval Rates
Total approvals of all applications91.61%
Home Financing Unlimited has an average approval rate.
Pick Rate
Approvals leading to origination76.01%
Home Financing Unlimited has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 843 | $298,585,000 | $354,193 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 843 | $298,585,000 | $354,193 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 20 | $4,530,000 | $226,500 | $5,538 | 2.90% |
| 40-60% | 89 | $29,875,000 | $335,674 | $5,298 | 2.92% |
| 60-80% | 314 | $115,620,000 | $368,217 | $6,518 | 3.05% |
| 80-100% | 404 | $143,160,000 | $354,356 | $7,800 | 3.01% |
| Over 100% | 15 | $5,265,000 | $351,000 | $16,705 | 2.68% |
| Under 20% | 1 | $135,000 | $135,000 | $6,566 | 2.88% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| HOME FINANCING CENTER | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |
