Home Financing Unlimited Mortgage Rates, Fees & Info

Austin, TX

LEI: 549300DDJB48AVV1SO96

Tax ID: 76-0079774

5 stars - Updated: 11/17/24 - out of 5 stars, based on 19 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & 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 by origination volume include: Austin, Houston, Corpus Christi, Dallas, and Killeen among others. We have data for 9 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 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.30% 11/17/24
    30 Year Conventional Refi 6.43% 11/17/24
    30 Year Cash-out Refi 6.53% 11/17/24
    30 Year FHA Purchase 7.14% 11/17/24
    30 Year VA Purchase 6.13% 11/17/24
    30 Year USDA Purchase 6.66% 11/17/24
    15 Year Conventional Purchase 5.54% 11/17/24
    15 Year Conventional Refi 6.05% 11/17/24
    15 Year Cash-out Refi 6.05% 11/17/24
    15 Year VA Refi 6.37% 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.

    Home Financing Unlimited Mortgage Calculator






    Your Estimates

    Estimated 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.


    Originations

    346

    Origination Dollar Volume (All Markets)

    $138,530,000
    Show all (5) awards

    Relative Rate

    Home Financing Unlimited's average 30 year fixed mortgage rate was 6.13%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.35%.

    Relative Fees (Closing Costs)

    Home Financing Unlimited's average total fees/closing costs for a 30 year fixed rate mortgage were $9,315.

    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 $9,089.

    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
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 308 $126,990,000 $412,305 $9,325 6.07%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 30 $9,000,000 $300,000 $9,435 6.58%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $725,000 $725,000 $23,921 5.50%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $455,000 $455,000 $17,799 6.00%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $450,000 $225,000 $7,703 6.56%
    Outside of Metro Areas 1 $305,000 $305,000 $2,587 5.75%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $275,000 $275,000 $10,950 5.63%
    LUBBOCK, TX (FHA|USDA|VA) 1 $225,000 $225,000 $0 8.13%
    Palestine, TX (FHA|USDA|VA) 1 $105,000 $105,000 $4,803 7.50%
    Home Financing Unlimited's top markets include Austin, Houston, Corpus Christi, Dallas, and Killeen among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • Similar Lenders

    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.

    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 220
    AMOCO
    Similarity Rank: 258
    GIBRALTAR MORTGAGE SERVICES, LLC
    Similarity Rank: 360
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 432
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 714
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 770
    Generations Community Federal Credit Union
    Similarity Rank: 824
    DATCU
    Similarity Rank: 981
    PRIMEWAY
    Similarity Rank: 1048
    HOMEWAY MORTGAGE LLC
    Similarity Rank: 1050

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 267 $106,155,000 $397,584 $8,249 6.18%
    FHA 54 $21,040,000 $389,630 $14,511 5.99%
    VA 23 $10,755,000 $467,609 $9,849 5.83%
    USDA 2 $580,000 $290,000 $9,880 5.50%

    For 2023, Home Financing Unlimited's most frequently originated type of loan was Conventional, with 267 originations. Their 2nd most popular type was FHA, with 54 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 338 $135,820,000 $401,834 $9,346 6.11%
    Refi 4 $1,550,000 $387,500 $9,970 6.56%
    Cash Out Refi 4 $1,160,000 $290,000 $10,295 7.03%

    For 2023, Home Financing Unlimited's most frequently cited loan purpose was Home Purchase, with 338 originations. The 2nd most popular reason was Refi, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 342 $136,830,000 $400,088 $9,315 6.13%
    15 Year 4 $1,700,000 $425,000 $14,914 5.78%

    For 2023, Home Financing Unlimited's most frequently cited loan duration was 30 Year, with 342 originations. The 2nd most popular length was 15 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 154 $61,940,000 $402,208
    $5k+ 80 $35,710,000 $446,375
    $2k-3k 33 $12,265,000 $371,667
    $4k-5k 31 $10,665,000 $344,032
    $3k-4k 29 $10,315,000 $355,690
    $<1k 12 $5,640,000 $470,000

    Home Financing Unlimited's average total fees were $9,315, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 154 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 179 $72,465,000 $404,832
    6-7% 113 $45,015,000 $398,363
    7-8% 41 $15,565,000 $379,634
    4-5% 11 $4,925,000 $447,727
    Over 8% 2 $560,000 $280,000

    During 2023, Home Financing Unlimited's average interest rate for loans was 6.13%, while their most frequently originated rate bucket for loans was 5-6%, with 179 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 187 $60,925,000 $325,802 $8,381 6.21%
    $400k-600k 104 $46,940,000 $451,346 $10,310 5.93%
    $600k-1MM 35 $24,515,000 $700,429 $11,933 6.10%
    $100k-200k 15 $2,295,000 $153,000 $5,496 6.31%
    $1MM+ 3 $3,665,000 $1,221,667 $27,252 6.96%
    $100,000 or less 2 $190,000 $95,000 $4,514 5.94%

    2023 saw Home Financing Unlimited place emphasis on $200k-400k loans with 187 originations, totaling $60,925,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 130 $55,630,000 $427,923 $9,160 6.05%
    $100k-150k 110 $39,830,000 $362,091 $8,891 6.08%
    $250k+ 46 $24,630,000 $535,435 $11,177 6.43%
    $75k-100k 42 $14,030,000 $334,048 $9,693 5.98%
    $50k-75k 13 $3,305,000 $254,231 $8,389 6.52%
    $50k or less 4 $640,000 $160,000 $5,962 6.28%

    Home Financing Unlimited lent most frequently to those with incomes in the $150k-250k range, with 130 originations. The second most popular income band? $100k-150k, with 110 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 67 $24,215,000 $361,418 $8,119 5.95%
    30-36% 64 $25,040,000 $391,250 $8,104 6.24%
    49% 22 $9,570,000 $435,000 $11,470 6.50%
    50-60% 20 $8,190,000 $409,500 $12,857 6.23%
    38% 17 $8,145,000 $479,118 $13,664 6.01%
    48% 16 $5,640,000 $352,500 $9,695 5.92%
    41% 16 $6,160,000 $385,000 $8,809 6.24%
    40% 14 $5,920,000 $422,857 $9,447 6.02%
    42% 14 $6,490,000 $463,571 $7,565 6.37%
    37% 13 $4,575,000 $351,923 $7,671 6.24%
    46% 12 $5,860,000 $488,333 $12,723 5.94%
    39% 12 $5,630,000 $469,167 $8,080 5.72%
    43% 12 $4,800,000 $400,000 $9,100 5.73%
    47% 12 $5,430,000 $452,500 $10,962 6.50%
    <20% 11 $3,105,000 $282,273 $7,992 5.76%
    45% 8 $3,010,000 $376,250 $7,398 6.25%
    36% 8 $3,200,000 $400,000 $10,452 6.31%
    44% 7 $3,095,000 $442,143 $10,268 6.36%
    >60% 1 $455,000 $455,000 $13,874 6.00%

    Home Financing Unlimited lent most frequently to those with DTI ratios of 20-30%, with 67 originations. The next most common DTI ratio? 30-36%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 163 $66,525,000 $408,129 $9,828 6.17%
    Asian 92 $36,690,000 $398,804 $8,517 6.06%
    Not provided 69 $27,425,000 $397,464 $9,361 6.09%
    Black 16 $5,890,000 $368,125 $10,409 6.11%
    American Indian 4 $1,170,000 $292,500 $8,039 5.88%
    Native Hawaiian or Islander 1 $485,000 $485,000 $3,737 5.00%
    Asian Indian 1 $345,000 $345,000 $5,960 7.63%

    Approval Rates

    Total approvals of all applications
    97.53%

    Home Financing Unlimited 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
    61.56%

    Home Financing Unlimited 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 346 $138,530,000 $400,376

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    346 $138,530,000 $400,376

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $2,225,000 $247,222 $7,672 5.79%
    40-60% 16 $4,410,000 $275,625 $6,045 6.22%
    60-80% 93 $35,645,000 $383,280 $7,484 6.25%
    80-100% 224 $94,910,000 $423,705 $10,409 6.07%
    Over 100% 3 $1,225,000 $408,333 $12,740 6.50%
    Under 20% 1 $115,000 $115,000 $4,164 5.88%