Home Financing Unlimited Mortgage Rates, Fees & Info

Austin, TX

LEI: 549300DDJB48AVV1SO96

Tax ID: 76-0079774

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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, Dallas, San Antonio, and Rockport among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Home Financing Unlimited has an 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.

    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% 12/2/24
    30 Year Conventional Refi 6.43% 12/2/24
    30 Year Cash-out Refi 6.53% 12/2/24
    30 Year FHA Purchase 7.14% 12/2/24
    30 Year VA Purchase 6.13% 12/2/24
    30 Year USDA Purchase 6.66% 12/2/24
    15 Year Conventional Purchase 5.54% 12/2/24
    15 Year Conventional Refi 6.05% 12/2/24
    15 Year Cash-out Refi 6.05% 12/2/24
    15 Year VA Refi 6.37% 12/2/24
    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

    1,090

    Origination Dollar Volume (All Markets)

    $336,400,000
    Show all (6) awards

    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) 869 $284,235,000 $327,083 $7,129 2.99%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 167 $38,295,000 $229,311 $4,793 2.99%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 14 $3,890,000 $277,857 $5,720 2.92%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 11 $3,175,000 $288,636 $4,045 3.30%
    Outside of Metro Areas 11 $2,315,000 $210,455 $4,792 3.72%
    Rockport, TX (FHA|USDA|VA) 3 $1,405,000 $468,333 $2,488 3.79%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 4 $670,000 $167,500 $4,664 3.31%
    Huntsville, TX (FHA|USDA|VA) 1 $425,000 $425,000 $4,453 2.50%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $420,000 $210,000 $4,323 2.94%
    WACO, TX (FHA|USDA|VA) 1 $335,000 $335,000 $3,352 2.63%
    Jacksonville, TX (FHA|USDA|VA) 1 $265,000 $265,000 $9,806 2.63%
    Fredericksburg, TX (FHA|USDA|VA) 1 $255,000 $255,000 $3,148 2.50%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $175,000 $175,000 $3,625 3.00%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $155,000 $155,000 $2,991 2.63%
    Nacogdoches, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,869 3.50%
    Palestine, TX (FHA|USDA|VA) 1 $115,000 $115,000 $3,689 2.75%
    LONGVIEW, TX (FHA|USDA|VA) 1 $115,000 $115,000 $3,506 2.75%
    Home Financing Unlimited's top markets include Austin, Houston, Dallas, San Antonio, and Rockport 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.

    United Heritage Credit Union
    Similarity Rank: 657
    CADENCE LENDING GROUP, INC.
    Similarity Rank: 1480
    MEMBERS CHOICE Credit Union
    Similarity Rank: 1824
    AAXY L.L.C.
    Similarity Rank: 1836
    Shea Mortgage Inc.
    Similarity Rank: 1848
    TEXAS TRUST
    Similarity Rank: 1885
    ASSOCIATED CREDIT UNION OF TEXAS
    Similarity Rank: 1895
    DATCU
    Similarity Rank: 1900
    PRIMEWAY
    Similarity Rank: 2088
    HOMEWAY MORTGAGE LLC
    Similarity Rank: 2142

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 924 $288,250,000 $311,959 $5,956 3.00%
    FHA 107 $30,535,000 $285,374 $11,079 3.03%
    VA 46 $13,990,000 $304,130 $9,428 2.88%
    USDA 13 $3,625,000 $278,846 $9,427 3.02%

    For 2020, Home Financing Unlimited's most frequently originated type of loan was Conventional, with 924 originations. Their 2nd most popular type was FHA, with 107 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 791 $257,635,000 $325,708 $7,558 3.02%
    Refi 235 $62,085,000 $264,191 $3,989 2.87%
    Cash Out Refi 57 $15,325,000 $268,860 $5,195 3.18%
    Other 7 $1,355,000 $193,571 $4,955 3.93%

    For 2020, Home Financing Unlimited's most frequently cited loan purpose was Home Purchase, with 791 originations. The 2nd most popular reason was Refi, with 235 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 973 $302,135,000 $310,519 $6,818 3.05%
    15 Year 89 $26,925,000 $302,528 $5,548 2.49%
    20 Year 17 $4,015,000 $236,176 $4,545 3.00%
    Other 5 $1,695,000 $339,000 $3,576 3.20%
    10 Year 4 $800,000 $200,000 $4,351 2.38%
    1 Year 2 $830,000 $415,000 $2,736 4.75%

    For 2020, Home Financing Unlimited's most frequently cited loan duration was 30 Year, with 973 originations. The 2nd most popular length was 15 Year, with 89 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 561 $176,955,000 $315,428
    $2k-3k 175 $50,155,000 $286,600
    $3k-4k 144 $41,580,000 $288,750
    $4k-5k 98 $27,810,000 $283,776
    $5k+ 94 $33,090,000 $352,021
    $<1k 17 $6,375,000 $375,000

    Home Financing Unlimited's average total fees were $6,818, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 561 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 475 $153,835,000 $323,863
    3-4% 371 $107,035,000 $288,504
    <2.5% 207 $66,355,000 $320,556
    4-5% 35 $8,855,000 $253,000
    5-6% 2 $320,000 $160,000

    During 2020, Home Financing Unlimited's average interest rate for loans was 3.05%, while their most frequently originated rate bucket for loans was 2.5-3%, with 475 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 670 $190,530,000 $284,373 $7,119 3.01%
    $400k-600k 240 $111,690,000 $465,375 $6,811 2.84%
    $100k-200k 156 $24,390,000 $156,346 $4,418 3.17%
    $100,000 or less 14 $1,140,000 $81,429 $4,031 3.45%
    $600k-1MM 8 $6,610,000 $826,250 $9,480 3.20%
    $1MM+ 2 $2,040,000 $1,020,000 $9,732 3.94%

    2020 saw Home Financing Unlimited place emphasis on $200k-400k loans with 670 originations, totaling $190,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 324 $105,100,000 $324,383 $6,934 2.98%
    $150k-250k 253 $92,305,000 $364,842 $6,369 2.92%
    $75k-100k 201 $54,175,000 $269,527 $7,273 3.14%
    $50k-75k 180 $42,850,000 $238,056 $6,751 3.04%
    $250k+ 75 $30,005,000 $400,067 $5,909 3.01%
    $50k or less 51 $10,175,000 $199,510 $4,895 2.93%

    Home Financing Unlimited lent most frequently to those with incomes in the $100k-150k range, with 324 originations. The second most popular income band? $150k-250k, with 253 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 277 $89,215,000 $322,076 $6,180 2.95%
    30-36% 219 $68,825,000 $314,269 $6,609 3.00%
    <20% 100 $31,110,000 $311,100 $5,457 2.88%
    37% 48 $15,760,000 $328,333 $7,046 2.99%
    44% 45 $13,135,000 $291,889 $6,787 3.07%
    39% 40 $12,080,000 $302,000 $6,382 3.02%
    40% 38 $11,610,000 $305,526 $7,277 3.09%
    50-60% 36 $9,910,000 $275,278 $10,281 3.09%
    41% 36 $11,050,000 $306,944 $6,696 3.10%
    48% 36 $10,160,000 $282,222 $7,001 3.12%
    36% 34 $10,500,000 $308,824 $6,768 2.99%
    38% 33 $10,605,000 $321,364 $6,940 2.98%
    46% 31 $8,435,000 $272,097 $6,735 3.15%
    42% 28 $9,230,000 $329,643 $6,883 3.23%
    43% 25 $7,165,000 $286,600 $7,011 3.14%
    49% 22 $5,960,000 $270,909 $7,523 3.10%
    47% 21 $5,735,000 $273,095 $7,173 2.98%
    45% 21 $5,915,000 $281,667 $7,133 2.81%

    Home Financing Unlimited lent most frequently to those with DTI ratios of 20-30%, with 277 originations. The next most common DTI ratio? 30-36%, with 219 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 578 $172,180,000 $297,889 $6,695 3.06%
    Asian 278 $93,200,000 $335,252 $6,420 2.90%
    Not provided 156 $46,090,000 $295,449 $6,539 3.00%
    Black 37 $10,575,000 $285,811 $7,471 2.87%
    Asian Indian 17 $6,805,000 $400,294 $6,883 2.90%
    American Indian 14 $4,490,000 $320,714 $7,516 3.11%
    Other Asian 3 $1,015,000 $338,333 $6,887 2.79%
    Chinese 3 $945,000 $315,000 $5,184 2.67%
    Native Hawaiian or Islander 2 $590,000 $295,000 $11,132 3.00%
    Filipino 1 $305,000 $305,000 $10,747 3.63%
    Vietnamese 1 $205,000 $205,000 $3,378 2.25%

    Approval Rates

    Total approvals of all applications
    89.51%

    Home Financing Unlimited has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.14%

    Home Financing Unlimited has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,090 $336,400,000 $308,624

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,090 $336,400,000 $308,624

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 45 $9,015,000 $200,333 $4,413 2.91%
    40-60% 84 $22,230,000 $264,643 $4,867 2.77%
    60-80% 385 $120,275,000 $312,403 $5,574 3.06%
    80-100% 563 $181,505,000 $322,389 $7,665 3.01%
    Over 100% 10 $3,150,000 $315,000 $16,505 2.96%
    Under 20% 3 $225,000 $75,000 $3,501 3.08%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    HOME FINANCING CENTER Conventional home mortgage Trouble during payment process 1 33.3%
    HOME FINANCING CENTER FHA mortgage Trouble during payment process 2 66.7%