Home Financing Unlimited Mortgage Rates, Fees & Info
Austin, TXLEI: 549300DDJB48AVV1SO96
Tax ID: 76-0079774
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Mortgage Data
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 a a high proportion of FHA loans. Their top markets by origination volume include: Austin, Houston, San Antonio, and Killeen among others. We have data for 4 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.30% | 11/22/24 |
| 30 Year Conventional Refi | 6.43% | 11/22/24 |
| 30 Year Cash-out Refi | 6.53% | 11/22/24 |
| 30 Year FHA Purchase | 7.14% | 11/22/24 |
| 30 Year VA Purchase | 6.13% | 11/22/24 |
| 30 Year USDA Purchase | 6.66% | 11/22/24 |
| 15 Year Conventional Purchase | 5.54% | 11/22/24 |
| 15 Year Conventional Refi | 6.05% | 11/22/24 |
| 15 Year Cash-out Refi | 6.05% | 11/22/24 |
| 15 Year VA Refi | 6.37% | 11/22/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
15Origination Dollar Volume (All Markets)
$3,315,000Top 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) | 7 | $1,675,000 | $239,286 | $5,936 | 5.09% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $6,368 | 4.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $7,319 | 5.17% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $5,558 | 5.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 10 | $2,300,000 | $230,000 | $5,234 | 5.05% |
| FHA | 5 | $1,015,000 | $203,000 | $8,440 | 4.93% |
For 2018, Home Financing Unlimited's most frequently originated type of loan was Conventional, with 10 originations. Their 2nd most popular type was FHA, with 5 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 14 | $2,980,000 | $212,857 | $6,025 | 5.04% |
| Cash Out Refi | 1 | $335,000 | $335,000 | $10,196 | 4.63% |
For 2018, Home Financing Unlimited's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Cash Out Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 15 | $3,315,000 | $221,000 | $6,303 | 5.01% |
For 2018, Home Financing Unlimited's most frequently cited loan duration was 30 Year, with 15 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 12 | $2,460,000 | $205,000 |
| $2k-3k | 1 | $455,000 | $455,000 |
| $3k-4k | 1 | $65,000 | $65,000 |
| $5k+ | 1 | $335,000 | $335,000 |
Home Financing Unlimited's average total fees were $6,303, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 12 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 10 | $2,350,000 | $235,000 |
| 5-6% | 5 | $965,000 | $193,000 |
During 2018, Home Financing Unlimited's average interest rate for loans was 5.01%, while their most frequently originated rate bucket for loans was 4-5%, with 10 originations.
Loan Sizing
2018 saw Home Financing Unlimited place emphasis on $200k-400k loans with 7 originations, totaling $1,745,000 in origination value.
Applicant Income
Home Financing Unlimited lent most frequently to those with incomes in the $75k-100k range, with 5 originations. The second most popular income band? $50k-75k, with 3 originations.
Applicant Debt to Income Ratio
Home Financing Unlimited lent most frequently to those with DTI ratios of 50-60%, with 3 originations. The next most common DTI ratio? 20-30%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.44%
Home Financing Unlimited has an average approval rate.
Pick Rate
Approvals leading to origination86.67%
Home Financing Unlimited has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 15 | $3,315,000 | $221,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 15 | $3,315,000 | $221,000 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| HOME FINANCING CENTER | Conventional home mortgage | Trouble during payment process | 2 | 66.7% |
| HOME FINANCING CENTER | Other type of mortgage | Struggling to pay mortgage | 1 | 33.3% |