Home Financing Unlimited Mortgage Rates, Fees & Info

Austin, TX

LEI: 549300DDJB48AVV1SO96

Tax ID: 76-0079774

5 stars - Updated: 4/5/25 - out of 5 stars, based on 22 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • 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, San Antonio, Houston, Corpus Christi, and Palestine among others. We have data for 7 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 an above average pick rate when compared to similar lenders. Home Financing Unlimited is typically an average 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.

    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 6.33% 4/5/25
    30 Year Conventional Refi 6.87% 4/5/25
    30 Year Cash-out Refi 7.16% 4/5/25
    30 Year FHA Purchase 6.38% 4/5/25
    30 Year VA Purchase 5.63% 4/5/25
    30 Year USDA Purchase 5.96% 4/5/25
    15 Year Conventional Purchase 5.41% 4/5/25
    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

    467

    Origination Dollar Volume (All Markets)

    $189,255,000
    Show all (5) awards

    Relative Rate

    Home Financing Unlimited's average 30 year fixed mortgage rate was 6.05%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.5%.

    Relative Fees (Closing Costs)

    Home Financing Unlimited's average total fees/closing costs for a 30 year fixed rate mortgage were $9,349.

    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 $8,356.

    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) 434 $177,290,000 $408,502 $9,252 5.96%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 19 $5,525,000 $290,789 $8,453 6.89%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 7 $2,715,000 $387,857 $7,417 6.54%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $2,230,000 $1,115,000 $31,703 6.50%
    Outside of Metro Areas 3 $845,000 $281,667 $9,603 6.83%
    Palestine, TX (FHA|USDA|VA) 1 $355,000 $355,000 $5,614 6.50%
    Rockport, TX (FHA|USDA|VA) 1 $295,000 $295,000 $0 7.88%
    Home Financing Unlimited's top markets include Austin, San Antonio, Houston, Corpus Christi, and Palestine 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.

    DSLD MORTGAGE, LLC
    Similarity Rank: 105
    GSB MORTGAGE, INC.
    Similarity Rank: 133
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 144
    AMOCO
    Similarity Rank: 180
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 275
    SMART FINANCIAL CREDIT UNION
    Similarity Rank: 405
    DATCU
    Similarity Rank: 468
    VELOCITY Credit Union
    Similarity Rank: 492
    PRIMEWAY
    Similarity Rank: 532
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 564

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 316 $132,010,000 $417,753 $7,681 6.20%
    FHA 115 $42,075,000 $365,870 $13,286 5.69%
    VA 34 $14,490,000 $426,176 $9,725 5.51%
    USDA 2 $680,000 $340,000 $9,208 5.31%

    For 2024, Home Financing Unlimited's most frequently originated type of loan was Conventional, with 316 originations. Their 2nd most popular type was FHA, with 115 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 463 $186,485,000 $402,775 $9,239 6.01%
    Refi 3 $2,515,000 $838,333 $11,142 6.88%
    Cash Out Refi 1 $255,000 $255,000 $5,508 7.25%

    For 2024, Home Financing Unlimited's most frequently cited loan purpose was Home Purchase, with 463 originations. The 2nd most popular reason was Refi, with 3 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 444 $180,000,000 $405,405 $9,349 6.05%
    15 Year 20 $8,500,000 $425,000 $7,245 5.36%
    20 Year 3 $755,000 $251,667 $6,513 5.96%

    For 2024, Home Financing Unlimited's most frequently cited loan duration was 30 Year, with 444 originations. The 2nd most popular length was 15 Year, with 20 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 285 $114,505,000 $401,772
    $5k+ 67 $29,455,000 $439,627
    $2k-3k 42 $16,330,000 $388,810
    $3k-4k 24 $9,420,000 $392,500
    $<1k 23 $9,585,000 $416,739
    $4k-5k 19 $6,915,000 $363,947

    Home Financing Unlimited's average total fees were $9,349, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 285 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 200 $78,030,000 $390,150
    6-7% 156 $68,320,000 $437,949
    4-5% 57 $21,795,000 $382,368
    7-8% 51 $20,305,000 $398,137
    Over 8% 2 $460,000 $230,000
    3-4% 1 $345,000 $345,000

    During 2024, Home Financing Unlimited's average interest rate for loans was 6.05%, while their most frequently originated rate bucket for loans was 5-6%, with 200 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 254 $80,460,000 $316,772 $8,828 6.01%
    $400k-600k 145 $69,185,000 $477,138 $9,820 5.91%
    $600k-1MM 42 $29,510,000 $702,619 $11,429 6.29%
    $100k-200k 21 $3,265,000 $155,476 $5,196 6.20%
    $1MM+ 5 $6,835,000 $1,367,000 $10,932 6.63%

    2024 saw Home Financing Unlimited place emphasis on $200k-400k loans with 254 originations, totaling $80,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 155 $64,485,000 $416,032 $9,025 6.04%
    $100k-150k 124 $44,930,000 $362,339 $9,408 5.93%
    $250k+ 92 $50,770,000 $551,848 $9,161 6.23%
    $75k-100k 68 $22,200,000 $326,471 $9,950 5.83%
    $50k-75k 21 $5,325,000 $253,571 $7,594 5.67%
    $50k or less 7 $1,545,000 $220,714 $10,888 7.43%

    Home Financing Unlimited lent most frequently to those with incomes in the $150k-250k range, with 155 originations. The second most popular income band? $100k-150k, with 124 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 83 $31,995,000 $385,482 $7,947 5.90%
    30-36% 71 $27,255,000 $383,873 $8,340 6.05%
    50-60% 38 $13,720,000 $361,053 $12,513 5.68%
    49% 23 $9,225,000 $401,087 $11,094 6.05%
    <20% 22 $9,900,000 $450,000 $6,870 5.94%
    47% 22 $10,080,000 $458,182 $11,283 6.04%
    45% 21 $8,085,000 $385,000 $9,569 6.04%
    42% 20 $10,260,000 $513,000 $9,020 6.07%
    43% 20 $9,220,000 $461,000 $8,271 6.02%
    48% 20 $7,640,000 $382,000 $11,424 5.82%
    44% 19 $8,765,000 $461,316 $9,397 6.08%
    37% 18 $7,540,000 $418,889 $8,232 5.98%
    41% 18 $8,050,000 $447,222 $9,495 6.37%
    38% 16 $6,670,000 $416,875 $8,036 6.33%
    40% 14 $5,600,000 $400,000 $9,220 5.99%
    46% 14 $5,490,000 $392,143 $9,682 6.16%
    36% 13 $4,935,000 $379,615 $10,268 5.89%
    39% 9 $3,225,000 $358,333 $9,442 6.17%
    >60% 2 $710,000 $355,000 $2,959 6.63%

    Home Financing Unlimited lent most frequently to those with DTI ratios of 20-30%, with 83 originations. The next most common DTI ratio? 30-36%, with 71 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 238 $95,260,000 $400,252 $9,213 5.98%
    Asian 98 $42,900,000 $437,755 $8,141 6.24%
    Not provided 102 $39,260,000 $384,902 $9,422 5.99%
    Black 21 $8,815,000 $419,762 $12,099 5.61%
    American Indian 8 $3,020,000 $377,500 $13,325 5.86%

    Approval Rates

    Total approvals of all applications
    100.00%

    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
    96.36%

    Home Financing Unlimited has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 467 $189,255,000 $405,257

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    467 $189,255,000 $405,257

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $1,460,000 $182,500 $4,898 6.17%
    40-60% 47 $14,255,000 $303,298 $7,026 5.99%
    60-80% 126 $54,360,000 $431,429 $7,566 6.27%
    80-100% 276 $115,110,000 $417,065 $10,207 5.92%
    Over 100% 10 $4,070,000 $407,000 $16,022 5.59%