Home Financing Unlimited Mortgage Rates, Fees & Info

Austin, TX

LEI: 549300DDJB48AVV1SO96

Tax ID: 76-0079774

2.7 stars - out of 5 stars, based on 29 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

843

Origination Dollar Volume (All Markets)

$298,585,000

Awards

HOME FINANCING UNLIMITED  30 Year Conventional Loans silver HOME FINANCING UNLIMITED  30 Year Conventional Loans silver
Show all (2) awards

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 applications
91.61%

Home Financing Unlimited has an average approval rate.

Pick Rate

Approvals leading to origination
76.01%

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%