Equity Resources Mortgage Rates, Fees & Info
NEWARK, OHLEI: 549300G2LV8W3C1G3762
Tax ID: 31-1401378
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Mortgage Data
Review & Overview
Equity Resources is a smaller mortgage company specializing in Home Purchase loans. Equity Resources 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: Columbus, Pittsburgh, Raleigh, Toledo, and Washington among others. We have data for 153 markets. (Some data included below & more in-depth data is available with an active subscription.)Equity Resources 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. Equity Resources 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 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/21/24 |
| 30 Year Conventional Purchase | 6.74% | 4/21/24 |
| 30 Year Conventional Refi | 6.56% | 4/21/24 |
| 30 Year Cash-out Refi | 6.79% | 4/21/24 |
| 30 Year FHA Purchase | 7.45% | 4/21/24 |
| 30 Year FHA Refi | 6.90% | 4/21/24 |
| 30 Year VA Purchase | 6.26% | 4/21/24 |
| 30 Year VA Refi | 5.91% | 4/21/24 |
| 30 Year USDA Purchase | 6.86% | 4/21/24 |
| 30 Year USDA Refi | 6.72% | 4/21/24 |
| 15 Year Conventional Purchase | 6.24% | 4/21/24 |
| 15 Year Conventional Refi | 6.04% | 4/21/24 |
| 15 Year Cash-out Refi | 6.04% | 4/21/24 |
| 15 Year FHA Purchase | 7.48% | 4/21/24 |
| 15 Year VA Refi | 5.68% | 4/21/24 |
| 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. | ||
Equity Resources Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Equity Resources. 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
2,514Origination Dollar Volume (All Markets)
$590,650,000Awards
EQUITY RESOURCES - 2023
EQUITY RESOURCES is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Equity Resources's average 30 year fixed mortgage rate was
6.81%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.33%.
Relative Fees (Closing Costs)
Equity Resources's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,734.
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 |
|---|---|---|---|---|---|
| COLUMBUS, OH (FHA|USDA|VA) | 340 | $81,080,000 | $238,471 | $4,364 | 7.06% |
| PITTSBURGH, PA (FHA|USDA|VA) | 367 | $75,645,000 | $206,117 | $6,711 | 6.78% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 131 | $45,295,000 | $345,763 | $5,255 | 7.17% |
| TOLEDO, OH (FHA|USDA|VA) | 244 | $40,530,000 | $166,107 | $4,570 | 7.03% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 69 | $22,245,000 | $322,391 | $7,474 | 7.23% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 93 | $20,175,000 | $216,935 | $5,036 | 6.78% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 87 | $18,885,000 | $217,069 | $5,496 | 7.02% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 50 | $15,910,000 | $318,200 | $5,403 | 7.11% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 56 | $14,120,000 | $252,143 | $6,860 | 7.19% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 55 | $14,045,000 | $255,364 | $4,576 | 6.98% |
| ALTOONA, PA (FHA|USDA|VA) | 75 | $12,845,000 | $171,267 | $5,363 | 6.56% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 40 | $12,550,000 | $313,750 | $6,673 | 7.21% |
| ERIE, PA (FHA|USDA|VA) | 71 | $12,505,000 | $176,127 | $6,443 | 6.86% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 47 | $11,945,000 | $254,149 | $7,585 | 6.77% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 24 | $11,770,000 | $490,417 | $5,979 | 7.01% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 33 | $11,215,000 | $339,848 | $8,717 | 7.23% |
| Outside of Metro Areas | 61 | $10,735,000 | $175,984 | $4,886 | 7.10% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 30 | $10,070,000 | $335,667 | $6,292 | 7.45% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 55 | $8,445,000 | $153,545 | $4,164 | 6.81% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 32 | $7,690,000 | $240,313 | $5,177 | 6.90% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 23 | $6,525,000 | $283,696 | $6,741 | 7.04% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 16 | $5,890,000 | $368,125 | $8,026 | 6.94% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 11 | $5,195,000 | $472,273 | $4,732 | 6.78% |
| Zanesville, OH (FHA|USDA|VA) | 30 | $5,180,000 | $172,667 | $5,037 | 7.13% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 32 | $4,910,000 | $153,438 | $5,052 | 7.08% |
| MONROE, MI (FHA|USDA|VA) | 22 | $4,690,000 | $213,182 | $4,989 | 6.97% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 17 | $4,635,000 | $272,647 | $7,362 | 6.92% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 11 | $4,605,000 | $418,636 | $6,820 | 6.93% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 18 | $4,570,000 | $253,889 | $7,896 | 7.16% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 17 | $4,465,000 | $262,647 | $7,032 | 7.22% |
| Mount Vernon, OH (FHA|USDA|VA) | 17 | $3,915,000 | $230,294 | $5,005 | 6.57% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 10 | $3,340,000 | $334,000 | $5,574 | 7.10% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 10 | $2,540,000 | $254,000 | $7,982 | 6.51% |
| Wilmington, OH (FHA|USDA|VA) | 10 | $2,410,000 | $241,000 | $5,854 | 7.44% |
| BURLINGTON, NC (FHA|USDA|VA) | 9 | $2,375,000 | $263,889 | $6,382 | 6.99% |
| Morehead City, NC (FHA|USDA|VA) | 6 | $2,370,000 | $395,000 | $10,024 | 8.45% |
| MANSFIELD, OH (FHA|USDA|VA) | 12 | $2,250,000 | $187,500 | $6,070 | 6.68% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 7 | $2,215,000 | $316,429 | $7,540 | 7.62% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $1,945,000 | $389,000 | $8,811 | 6.87% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 4 | $1,920,000 | $480,000 | $13,207 | 6.59% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 11 | $1,785,000 | $162,273 | $6,567 | 6.74% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $1,515,000 | $505,000 | $8,417 | 8.53% |
| WILMINGTON, NC (FHA|USDA|VA) | 7 | $1,465,000 | $209,286 | $5,748 | 7.12% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 9 | $1,445,000 | $160,556 | $5,194 | 6.43% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 7 | $1,445,000 | $206,429 | $4,495 | 6.93% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $1,370,000 | $228,333 | $6,568 | 6.98% |
| Fremont, OH (FHA|USDA|VA) | 11 | $1,275,000 | $115,909 | $4,207 | 7.38% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 6 | $1,200,000 | $200,000 | $4,694 | 6.73% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $8,250 | 7.12% |
| GOLDSBORO, NC (FHA|USDA|VA) | 6 | $1,130,000 | $188,333 | $4,283 | 6.27% |
| Torrington, CT (FHA|USDA|VA) | 5 | $1,125,000 | $225,000 | $4,973 | 7.39% |
| Meadville, PA (FHA|USDA|VA) | 8 | $1,110,000 | $138,750 | $4,605 | 6.55% |
| Portsmouth, OH (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $6,391 | 6.81% |
| Marion, OH (FHA|USDA|VA) | 6 | $1,110,000 | $185,000 | $4,032 | 6.69% |
| Sanford, NC (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $8,928 | 6.75% |
| ASHEVILLE, NC (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $6,314 | 7.19% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $5,642 | 6.06% |
| LANCASTER, PA (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $8,338 | 6.31% |
| AKRON, OH (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $4,318 | 6.94% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $6,184 | 7.17% |
| Adrian, MI (FHA|USDA|VA) | 5 | $875,000 | $175,000 | $3,905 | 6.33% |
| FLORENCE, SC (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $5,736 | 7.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $13,436 | 6.25% |
| JACKSON, MI (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $6,134 | 6.81% |
| Findlay, OH (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $4,778 | 8.08% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $3,473 | 8.23% |
| Hillsdale, MI (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $2,167 | 7.06% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $4,410 | 7.19% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $10,273 | 5.93% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $4,330 | 7.44% |
| OCALA, FL (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $5,374 | 6.58% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $10,202 | 6.19% |
| Cambridge, OH (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $3,849 | 7.17% |
| DuBois, PA (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $4,993 | 6.46% |
| Coshocton, OH (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $3,938 | 6.13% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $5,916 | 7.38% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $9,853 | 8.47% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $5,122 | 6.44% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $6,136 | 6.75% |
| New Castle, PA (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $4,666 | 6.53% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $8,459 | 8.85% |
| Defiance, OH (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $9,378 | 7.12% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,818 | 6.94% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,827 | 6.88% |
| Wilson, NC (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $4,180 | 6.50% |
| Urbana, OH (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $4,149 | 6.54% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,653 | 7.63% |
| Athens, OH (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $5,555 | 6.38% |
| Sidney, OH (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $2,906 | 6.94% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $10,612 | 7.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $22,825 | 5.75% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $15,430 | 6.75% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,153 | 6.88% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,864 | 6.69% |
| Laconia, NH (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,843 | 6.38% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $8,184 | 5.88% |
| Huntingdon, PA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $5,914 | 6.56% |
| Warren, PA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $8,911 | 6.87% |
| WHEELING, WV-OH (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $8,521 | 6.62% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $1,778 | 6.50% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $10,857 | 6.50% |
| Chillicothe, OH (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,543 | 6.94% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,003 | 6.63% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $6,434 | 6.88% |
| Wooster, OH (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,577 | 6.88% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,155 | 7.12% |
| Ashtabula, OH (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,644 | 7.31% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,829 | 7.38% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $11,601 | 5.38% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,770 | 7.63% |
| Decatur, IN (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $5,582 | 7.38% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,069 | 5.88% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,658 | 6.38% |
| Boone, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,490 | 6.88% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,926 | 7.38% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,970 | 8.13% |
| Indiana, PA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $5,148 | 6.75% |
| READING, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,449 | 6.38% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,956 | 7.50% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,375 | 7.63% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,595 | 6.63% |
| DOVER, DE (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,760 | 6.88% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,420 | 6.99% |
| Somerset, PA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $4,549 | 6.75% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,060 | 6.38% |
| Keene, NH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,765 | 6.25% |
| Henderson, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,439 | 6.00% |
| FLINT, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,692 | 6.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,437 | 6.88% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,406 | 6.75% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,872 | 6.38% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,186 | 6.50% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,540 | 7.38% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,097 | 6.25% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,678 | 7.50% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,039 | 6.25% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,579 | 6.75% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 11.49% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,806 | 7.00% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,854 | 7.13% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,581 | 7.50% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,137 | 6.50% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,377 | 6.25% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,621 | 6.88% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,028 | 6.25% |
| Ashland, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,785 | 7.25% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,597 | 5.63% |
| Kinston, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,567 | 6.99% |
| Oil City, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,053 | 6.25% |
| Jackson, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.13% |
| Tiffin, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,855 | 7.00% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,919 | 6.75% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,155 | 9.95% |
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Product Mix
For 2023, Equity Resources's most frequently originated type of loan was Conventional, with 1,879 originations. Their 2nd most popular type was FHA, with 405 originations.
Loan Reason
For 2023, Equity Resources's most frequently cited loan purpose was Home Purchase, with 2,200 originations. The 2nd most popular reason was Cash Out Refi, with 261 originations.
Loan Duration/Length
For 2023, Equity Resources's most frequently cited loan duration was 30 Year, with 2,348 originations. The 2nd most popular length was Other, with 85 originations.
Origination Fees/Closing Costs
Equity Resources's average total fees were $5,734, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,295 originations.
Interest Rates
During 2023, Equity Resources's average interest rate for loans was 6.81%, while their most frequently originated rate bucket for loans was 6-7%, with 1,446 originations.
Loan Sizing
2023 saw Equity Resources place emphasis on $200k-400k loans with 1,028 originations, totaling $287,650,000 in origination value.
Applicant Income
Equity Resources lent most frequently to those with incomes in the $100k-150k range, with 604 originations. The second most popular income band? $50k-75k, with 591 originations.
Applicant Debt to Income Ratio
Equity Resources lent most frequently to those with DTI ratios of 30-36%, with 476 originations. The next most common DTI ratio? 20-30%, with 417 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.53%
Equity Resources has an average approval rate.
Pick Rate
Approvals leading to origination65.47%
Equity Resources 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 | 2,514 | $590,650,000 | $234,944 |