Equity Resources Mortgage Rates, Fees & Info

NEWARK, OH

LEI: 549300G2LV8W3C1G3762

Tax ID: 31-1401378

5 stars - out of 5 stars, based on 99 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Equity Resources is a small mortgage company specializing in Home Purchase and Refi 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, Washington, and Baltimore among others. We have data for 186 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 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 6.92% 12/4/22
    30 Year Conventional Refi 6.80% 12/4/22
    30 Year Cash-out Refi 6.99% 12/4/22
    30 Year FHA Purchase 7.81% 12/4/22
    30 Year FHA Refi 7.45% 12/4/22
    30 Year VA Purchase 6.46% 12/4/22
    30 Year VA Refi 6.20% 12/4/22
    30 Year USDA Purchase 7.00% 12/4/22
    30 Year USDA Refi 6.73% 12/4/22
    15 Year Conventional Purchase 5.99% 12/4/22
    15 Year Conventional Refi 6.00% 12/4/22
    15 Year Cash-out Refi 6.00% 12/4/22
    15 Year FHA Purchase 7.63% 12/4/22
    15 Year FHA Refi 6.96% 12/4/22
    15 Year VA Refi 5.76% 12/4/22
    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.


    Originations

    9,899

    Origination Dollar Volume (All Markets)

    $2,255,505,000
    Show all (56) awards

    Relative Rate

    Equity Resources's average 30 year fixed mortgage rate was 3.08%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.07%.

    Relative Fees (Closing Costs)

    Equity Resources's average total fees/closing costs for a 30 year fixed rate mortgage were $4,179.

    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 $4,750.

    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) 1,540 $328,570,000 $213,357 $3,087 2.95%
    PITTSBURGH, PA (FHA|USDA|VA) 1,529 $306,735,000 $200,612 $4,849 3.01%
    RALEIGH-CARY, NC (FHA|USDA|VA) 893 $250,835,000 $280,890 $3,266 2.95%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 406 $134,430,000 $331,108 $4,424 2.97%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 344 $103,300,000 $300,291 $4,352 2.97%
    TOLEDO, OH (FHA|USDA|VA) 596 $93,950,000 $157,634 $3,487 3.13%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 193 $75,755,000 $392,513 $4,574 3.00%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 264 $54,050,000 $204,735 $3,371 2.96%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 210 $50,310,000 $239,571 $4,650 2.98%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 169 $44,135,000 $261,154 $4,156 3.10%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 137 $42,765,000 $312,153 $4,796 2.75%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 142 $37,620,000 $264,930 $3,825 3.00%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 199 $36,405,000 $182,940 $3,469 3.07%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 103 $31,305,000 $303,932 $4,989 3.03%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 90 $31,290,000 $347,667 $3,868 2.96%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 154 $30,470,000 $197,857 $4,519 2.94%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 145 $28,835,000 $198,862 $3,361 3.02%
    Outside of Metro Areas 154 $27,270,000 $177,078 $4,126 2.96%
    ALTOONA, PA (FHA|USDA|VA) 173 $26,055,000 $150,607 $4,033 2.90%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 69 $24,735,000 $358,478 $6,486 3.08%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 160 $22,140,000 $138,375 $3,378 3.19%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 80 $22,030,000 $275,375 $4,606 3.07%
    MONROE, MI (FHA|USDA|VA) 111 $19,415,000 $174,910 $2,938 2.99%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 69 $17,865,000 $258,913 $4,307 2.97%
    ERIE, PA (FHA|USDA|VA) 120 $17,340,000 $144,500 $4,219 3.05%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 70 $16,570,000 $236,714 $3,945 3.07%
    WINSTON-SALEM, NC (FHA|USDA|VA) 80 $15,710,000 $196,375 $3,517 3.02%
    Morehead City, NC (FHA|USDA|VA) 56 $15,670,000 $279,821 $3,626 3.09%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 55 $15,595,000 $283,545 $4,255 2.94%
    WORCESTER, MA-CT (FHA|USDA|VA) 50 $15,570,000 $311,400 $2,823 2.84%
    WILMINGTON, NC (FHA|USDA|VA) 65 $15,565,000 $239,462 $3,547 2.90%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 57 $14,235,000 $249,737 $3,830 3.07%
    YORK-HANOVER, PA (FHA|USDA|VA) 66 $13,800,000 $209,091 $4,524 2.87%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 81 $13,145,000 $162,284 $4,373 3.05%
    FAYETTEVILLE, NC (FHA|USDA|VA) 52 $13,060,000 $251,154 $5,203 2.89%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 37 $8,985,000 $242,838 $4,617 3.12%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 29 $8,875,000 $306,034 $5,724 2.69%
    Mount Vernon, OH (FHA|USDA|VA) 48 $8,490,000 $176,875 $3,278 3.15%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 33 $8,435,000 $255,606 $4,386 2.92%
    BURLINGTON, NC (FHA|USDA|VA) 31 $6,955,000 $224,355 $3,438 2.87%
    JACKSONVILLE, NC (FHA|USDA|VA) 30 $6,690,000 $223,000 $4,544 2.93%
    Boone, NC (FHA|USDA|VA) 28 $6,200,000 $221,429 $3,210 2.92%
    ASHEVILLE, NC (FHA|USDA|VA) 20 $5,720,000 $286,000 $3,497 3.01%
    SPRINGFIELD, OH (FHA|USDA|VA) 34 $5,600,000 $164,706 $3,228 3.21%
    ROCKY MOUNT, NC (FHA|USDA|VA) 29 $5,395,000 $186,034 $3,506 2.96%
    Zanesville, OH (FHA|USDA|VA) 28 $5,220,000 $186,429 $3,851 2.93%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 16 $5,010,000 $313,125 $4,231 2.73%
    LANCASTER, PA (FHA|USDA|VA) 21 $4,945,000 $235,476 $4,690 3.04%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 18 $4,260,000 $236,667 $5,044 2.92%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 20 $4,220,000 $211,000 $3,791 3.04%
    Marion, OH (FHA|USDA|VA) 28 $4,220,000 $150,714 $3,580 2.95%
    Torrington, CT (FHA|USDA|VA) 19 $4,215,000 $221,842 $4,898 2.98%
    JACKSONVILLE, FL (FHA|USDA|VA) 17 $4,185,000 $246,176 $3,618 2.81%
    New Castle, PA (FHA|USDA|VA) 29 $3,875,000 $133,621 $4,254 3.20%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 13 $3,835,000 $295,000 $4,576 2.97%
    JOHNSTOWN, PA (FHA|USDA|VA) 31 $3,795,000 $122,419 $4,364 2.89%
    Wilmington, OH (FHA|USDA|VA) 26 $3,670,000 $141,154 $3,733 2.95%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 13 $3,645,000 $280,385 $3,801 2.93%
    SALISBURY, MD-DE (FHA|USDA|VA) 14 $3,620,000 $258,571 $3,415 2.79%
    PUNTA GORDA, FL (FHA|USDA|VA) 16 $3,500,000 $218,750 $3,387 3.07%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 18 $3,460,000 $192,222 $2,773 3.00%
    NEW BERN, NC (FHA|USDA|VA) 15 $3,445,000 $229,667 $4,601 2.89%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 14 $2,830,000 $202,143 $4,552 2.91%
    Fremont, OH (FHA|USDA|VA) 20 $2,810,000 $140,500 $3,648 3.09%
    Urbana, OH (FHA|USDA|VA) 20 $2,780,000 $139,000 $3,237 3.11%
    MANSFIELD, OH (FHA|USDA|VA) 19 $2,705,000 $142,368 $3,440 3.06%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 11 $2,635,000 $239,545 $4,466 2.97%
    Adrian, MI (FHA|USDA|VA) 18 $2,600,000 $144,444 $3,612 3.15%
    OCALA, FL (FHA|USDA|VA) 14 $2,470,000 $176,429 $3,975 3.07%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 14 $2,470,000 $176,429 $3,521 3.13%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 9 $2,465,000 $273,889 $4,408 2.85%
    Sanford, NC (FHA|USDA|VA) 11 $2,415,000 $219,545 $4,883 2.89%
    MORGANTOWN, WV (FHA|USDA|VA) 4 $2,380,000 $595,000 $3,874 2.84%
    Kill Devil Hills, NC (FHA|USDA|VA) 6 $2,360,000 $393,333 $4,901 2.98%
    GETTYSBURG, PA (FHA|USDA|VA) 12 $2,320,000 $193,333 $4,886 3.11%
    JACKSON, MI (FHA|USDA|VA) 14 $2,310,000 $165,000 $2,841 2.93%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 8 $2,200,000 $275,000 $4,324 3.03%
    LEBANON, PA (FHA|USDA|VA) 7 $1,935,000 $276,429 $4,869 2.96%
    Somerset, PA (FHA|USDA|VA) 10 $1,900,000 $190,000 $4,050 2.96%
    Bucyrus-Galion, OH (FHA|USDA|VA) 16 $1,890,000 $118,125 $3,890 2.90%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 9 $1,775,000 $197,222 $4,953 2.78%
    AKRON, OH (FHA|USDA|VA) 12 $1,630,000 $135,833 $2,632 3.21%
    Meadville, PA (FHA|USDA|VA) 12 $1,550,000 $129,167 $4,193 3.01%
    Indiana, PA (FHA|USDA|VA) 8 $1,530,000 $191,250 $5,694 2.84%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 6 $1,440,000 $240,000 $3,057 3.10%
    STATE COLLEGE, PA (FHA|USDA|VA) 5 $1,435,000 $287,000 $7,005 2.85%
    Mount Airy, NC (FHA|USDA|VA) 5 $1,425,000 $285,000 $5,288 3.18%
    COLUMBIA, SC (FHA|USDA|VA) 5 $1,375,000 $275,000 $3,266 3.00%
    Henderson, NC (FHA|USDA|VA) 6 $1,360,000 $226,667 $3,135 2.85%
    Lebanon, NH-VT (FHA|USDA|VA) 3 $1,345,000 $448,333 $3,402 3.04%
    Salem, OH (FHA|USDA|VA) 6 $1,280,000 $213,333 $5,980 3.00%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 6 $1,270,000 $211,667 $5,405 3.19%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 7 $1,255,000 $179,286 $4,304 2.88%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 5 $1,225,000 $245,000 $4,520 2.75%
    Ashland, OH (FHA|USDA|VA) 7 $1,175,000 $167,857 $2,921 2.86%
    Findlay, OH (FHA|USDA|VA) 5 $1,175,000 $235,000 $6,951 2.78%
    WHEELING, WV-OH (FHA|USDA|VA) 6 $1,080,000 $180,000 $5,484 3.10%
    Coshocton, OH (FHA|USDA|VA) 7 $1,055,000 $150,714 $3,492 3.18%
    Portsmouth, OH (FHA|USDA|VA) 7 $1,035,000 $147,857 $3,265 3.09%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $1,030,000 $257,500 $6,615 3.22%
    Bellefontaine, OH (FHA|USDA|VA) 8 $1,030,000 $128,750 $3,244 3.33%
    RICHMOND, VA (FHA|USDA|VA) 3 $945,000 $315,000 $3,446 2.83%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 5 $945,000 $189,000 $4,151 3.03%
    Greenville, OH (FHA|USDA|VA) 7 $945,000 $135,000 $3,229 3.54%
    GOLDSBORO, NC (FHA|USDA|VA) 6 $940,000 $156,667 $3,916 3.08%
    SPRINGFIELD, MA (FHA|USDA|VA) 4 $930,000 $232,500 $4,037 2.84%
    Wilson, NC (FHA|USDA|VA) 6 $930,000 $155,000 $4,168 3.08%
    Sidney, OH (FHA|USDA|VA) 5 $925,000 $185,000 $3,432 3.18%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $920,000 $230,000 $2,970 2.97%
    DuBois, PA (FHA|USDA|VA) 8 $900,000 $112,500 $3,825 3.02%
    Concord, NH (FHA|USDA|VA) 2 $890,000 $445,000 $3,555 2.88%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 5 $885,000 $177,000 $4,805 2.82%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 3 $845,000 $281,667 $2,947 3.33%
    Washington, NC (FHA|USDA|VA) 4 $840,000 $210,000 $3,765 2.59%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $830,000 $415,000 $3,492 2.81%
    Athens, OH (FHA|USDA|VA) 5 $815,000 $163,000 $3,217 2.83%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $810,000 $202,500 $5,013 3.06%
    Arcadia, FL (FHA|USDA|VA) 3 $775,000 $258,333 $4,019 3.25%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 4 $750,000 $187,500 $2,692 2.78%
    Cambridge, MD (FHA|USDA|VA) 2 $730,000 $365,000 $6,815 2.56%
    Huntingdon, PA (FHA|USDA|VA) 5 $645,000 $129,000 $3,805 2.78%
    Kinston, NC (FHA|USDA|VA) 3 $645,000 $215,000 $4,539 3.08%
    READING, PA (FHA|USDA|VA) 4 $630,000 $157,500 $4,689 3.03%
    Okeechobee, FL (FHA|USDA|VA) 3 $625,000 $208,333 $3,233 3.46%
    GREENVILLE, NC (FHA|USDA|VA) 2 $610,000 $305,000 $4,322 3.19%
    Key West, FL (FHA|USDA|VA) 1 $605,000 $605,000 $4,901 2.50%
    Pottsville, PA (FHA|USDA|VA) 3 $605,000 $201,667 $3,882 2.88%
    Shelby, NC (FHA|USDA|VA) 1 $565,000 $565,000 $23,988 3.63%
    Cullowhee, NC (FHA|USDA|VA) 3 $565,000 $188,333 $3,832 2.71%
    Easton, MD (FHA|USDA|VA) 1 $545,000 $545,000 $7,269 3.38%
    Lumberton, NC (FHA|USDA|VA) 3 $545,000 $181,667 $7,059 3.08%
    Roanoke Rapids, NC (FHA|USDA|VA) 1 $535,000 $535,000 $11,563 4.25%
    Norwalk, OH (FHA|USDA|VA) 4 $520,000 $130,000 $4,564 3.41%
    Albemarle, NC (FHA|USDA|VA) 2 $500,000 $250,000 $3,494 2.94%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 2 $490,000 $245,000 $3,012 3.19%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $480,000 $240,000 $3,646 3.06%
    North Wilkesboro, NC (FHA|USDA|VA) 2 $470,000 $235,000 $3,221 2.88%
    Defiance, OH (FHA|USDA|VA) 3 $455,000 $151,667 $2,949 3.04%
    Chillicothe, OH (FHA|USDA|VA) 2 $450,000 $225,000 $3,093 2.44%
    Laurinburg, NC (FHA|USDA|VA) 1 $445,000 $445,000 $3,487 3.25%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $440,000 $220,000 $2,918 3.06%
    Forest City, NC (FHA|USDA|VA) 1 $425,000 $425,000 $3,641 2.88%
    ROANOKE, VA (FHA|USDA|VA) 1 $425,000 $425,000 $4,074 2.50%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $400,000 $200,000 $5,194 3.19%
    Hillsdale, MI (FHA|USDA|VA) 3 $375,000 $125,000 $2,602 2.79%
    MOBILE, AL (FHA|USDA|VA) 1 $355,000 $355,000 $3,255 2.88%
    Georgetown, SC (FHA|USDA|VA) 2 $330,000 $165,000 $2,992 3.19%
    Marietta, OH (FHA|USDA|VA) 2 $320,000 $160,000 $4,775 2.81%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $305,000 $305,000 $4,255 2.25%
    St. Marys, PA (FHA|USDA|VA) 2 $300,000 $150,000 $5,535 3.00%
    FLINT, MI (FHA|USDA|VA) 2 $300,000 $150,000 $2,800 3.13%
    Ashtabula, OH (FHA|USDA|VA) 1 $295,000 $295,000 $10,443 3.13%
    Tiffin, OH (FHA|USDA|VA) 3 $285,000 $95,000 $3,838 2.79%
    DOVER, DE (FHA|USDA|VA) 1 $285,000 $285,000 $4,158 2.63%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $275,000 $275,000 $2,324 2.25%
    Maysville, KY (FHA|USDA|VA) 1 $275,000 $275,000 $3,256 2.88%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $260,000 $130,000 $3,146 2.94%
    Palatka, FL (FHA|USDA|VA) 1 $225,000 $225,000 $2,457 3.13%
    HARRISONBURG, VA (FHA|USDA|VA) 2 $220,000 $110,000 $2,724 2.75%
    STAUNTON, VA (FHA|USDA|VA) 1 $215,000 $215,000 $2,456 2.63%
    Wooster, OH (FHA|USDA|VA) 2 $210,000 $105,000 $2,409 3.13%
    Sunbury, PA (FHA|USDA|VA) 1 $205,000 $205,000 $4,095 3.00%
    MIDLAND, MI (FHA|USDA|VA) 1 $205,000 $205,000 $2,765 3.25%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 2 $190,000 $95,000 $2,186 2.75%
    Seneca, SC (FHA|USDA|VA) 1 $185,000 $185,000 $5,091 2.75%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $185,000 $185,000 $2,730 2.75%
    Angola, IN (FHA|USDA|VA) 1 $175,000 $175,000 $2,600 3.13%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $175,000 $175,000 $2,568 3.13%
    Danville, KY (FHA|USDA|VA) 1 $175,000 $175,000 $3,019 3.13%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $175,000 $175,000 $4,884 4.50%
    Lewisburg, PA (FHA|USDA|VA) 1 $155,000 $155,000 $3,418 2.88%
    SUMTER, SC (FHA|USDA|VA) 1 $155,000 $155,000 $6,012 2.88%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $145,000 $145,000 $3,035 3.38%
    New Castle, IN (FHA|USDA|VA) 1 $145,000 $145,000 $5,084 3.00%
    Washington Court House, OH (FHA|USDA|VA) 1 $135,000 $135,000 $2,689 3.13%
    SAGINAW, MI (FHA|USDA|VA) 1 $135,000 $135,000 $4,988 2.63%
    WILLIAMSPORT, PA (FHA|USDA|VA) 1 $125,000 $125,000 $5,773 3.63%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $125,000 $125,000 $5,355 2.99%
    Wapakoneta, OH (FHA|USDA|VA) 1 $115,000 $115,000 $4,809 3.88%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $115,000 $115,000 $1,730 2.88%
    LIMA, OH (FHA|USDA|VA) 1 $115,000 $115,000 $2,865 2.50%
    Sandusky, OH (FHA|USDA|VA) 1 $105,000 $105,000 $3,030 2.75%
    Lewistown, PA (FHA|USDA|VA) 1 $105,000 $105,000 $3,345 2.88%
    Marinette, WI-MI (FHA|USDA|VA) 1 $75,000 $75,000 $2,549 3.00%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $75,000 $75,000 $2,746 2.25%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $65,000 $65,000 $2,235 3.75%
    Equity Resources's top markets include Columbus, Pittsburgh, Raleigh, Washington, and Baltimore among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against EQUITY RESOURCES based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Bay Area Credit Union, Inc.
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 8,073 $1,838,775,000 $227,768 $3,371 3.02%
    FHA 905 $182,365,000 $201,508 $7,248 3.12%
    VA 693 $194,425,000 $280,556 $5,925 2.56%
    USDA 228 $39,940,000 $175,175 $5,188 2.77%

    For 2021, Equity Resources's most frequently originated type of loan was Conventional, with 8,073 originations. Their 2nd most popular type was FHA, with 905 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 5,062 $1,190,960,000 $235,275 $4,648 3.07%
    Refi 3,180 $703,380,000 $221,189 $3,075 2.82%
    Cash Out Refi 1,657 $361,165,000 $217,963 $3,470 3.11%

    For 2021, Equity Resources's most frequently cited loan purpose was Home Purchase, with 5,062 originations. The 2nd most popular reason was Refi, with 3,180 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 7,841 $1,826,595,000 $232,954 $4,179 3.08%
    15 Year 1,213 $251,255,000 $207,135 $2,836 2.49%
    20 Year 451 $97,445,000 $216,064 $3,097 2.90%
    Other 275 $53,245,000 $193,618 $3,276 3.01%
    10 Year 84 $14,580,000 $173,571 $2,504 2.39%
    30+ year 35 $12,385,000 $353,857 $9,800 4.06%

    For 2021, Equity Resources's most frequently cited loan duration was 30 Year, with 7,841 originations. The 2nd most popular length was 15 Year, with 1,213 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 8,317 $1,865,705,000 $224,324
    $<1k 805 $165,415,000 $205,484
    $2k-3k 430 $112,010,000 $260,488
    $3k-4k 169 $46,255,000 $273,698
    $5k+ 107 $44,155,000 $412,664
    $4k-5k 71 $21,965,000 $309,366

    Equity Resources's average total fees were $4,179, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 8,317 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 4,214 $1,000,200,000 $237,352
    3-4% 3,850 $833,210,000 $216,418
    <2.5% 1,608 $377,580,000 $234,813
    4-5% 223 $43,345,000 $194,372
    5-6% 4 $1,170,000 $292,500

    During 2021, Equity Resources's average interest rate for loans was 3.08%, while their most frequently originated rate bucket for loans was 2.5-3%, with 4,214 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,087 $1,134,875,000 $277,679 $4,265 2.98%
    $100k-200k 3,923 $590,515,000 $150,526 $3,453 3.01%
    $100,000 or less 992 $77,370,000 $77,994 $3,080 3.05%
    $400k-600k 792 $372,580,000 $470,429 $5,366 2.93%
    $600k-1MM 92 $64,480,000 $700,870 $7,033 2.99%
    $1MM+ 13 $15,685,000 $1,206,538 $9,943 3.05%

    2021 saw Equity Resources place emphasis on $200k-400k loans with 4,087 originations, totaling $1,134,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 2,552 $478,590,000 $187,535 $4,017 3.02%
    $100k-150k 2,133 $565,455,000 $265,098 $3,996 2.98%
    $50k or less 1,906 $289,020,000 $151,637 $3,639 2.94%
    $75k-100k 1,728 $392,960,000 $227,407 $4,134 3.04%
    $150k-250k 1,204 $384,430,000 $319,294 $3,915 2.97%
    $250k+ 372 $144,350,000 $388,038 $3,981 2.99%

    Equity Resources lent most frequently to those with incomes in the $50k-75k range, with 2,552 originations. The second most popular income band? $100k-150k, with 2,133 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,531 $564,655,000 $223,096 $3,641 2.95%
    30-36% 1,955 $438,685,000 $224,391 $3,913 3.03%
    <20% 1,148 $258,580,000 $225,244 $3,341 2.76%
    36% 352 $78,680,000 $223,523 $3,862 3.08%
    39% 347 $77,665,000 $223,818 $4,036 3.09%
    44% 339 $80,675,000 $237,979 $4,178 3.10%
    42% 336 $81,090,000 $241,339 $4,078 3.10%
    41% 336 $76,610,000 $228,006 $3,996 3.13%
    43% 335 $72,285,000 $215,776 $4,118 3.08%
    40% 329 $78,015,000 $237,128 $4,062 3.07%
    37% 326 $74,530,000 $228,620 $3,914 3.02%
    38% 325 $71,075,000 $218,692 $4,092 3.05%
    45% 263 $62,695,000 $238,384 $4,240 3.03%
    46% 212 $52,070,000 $245,613 $4,469 3.01%
    49% 209 $49,125,000 $235,048 $4,239 3.09%
    47% 187 $45,935,000 $245,642 $4,751 3.01%
    48% 185 $44,245,000 $239,162 $4,725 3.02%
    50-60% 173 $45,425,000 $262,572 $7,844 2.90%
    >60% 11 $3,465,000 $315,000 $7,302 2.43%

    Equity Resources lent most frequently to those with DTI ratios of 20-30%, with 2,531 originations. The next most common DTI ratio? 30-36%, with 1,955 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 8,071 $1,814,305,000 $224,793 $3,947 2.99%
    Asian 701 $175,275,000 $250,036 $2,814 2.86%
    Black 594 $151,760,000 $255,488 $5,249 3.08%
    Not provided 432 $93,080,000 $215,463 $3,980 3.03%
    American Indian 71 $14,015,000 $197,394 $3,780 3.07%
    Native Hawaiian or Islander 9 $1,775,000 $197,222 $3,959 3.39%
    Asian Indian 6 $1,650,000 $275,000 $3,339 3.08%
    Filipino 4 $1,320,000 $330,000 $6,651 2.88%
    Chinese 5 $975,000 $195,000 $3,286 3.20%
    Japanese 2 $550,000 $275,000 $4,248 3.13%
    Other Asian 1 $385,000 $385,000 $3,145 3.38%
    Vietnamese 1 $175,000 $175,000 $2,379 3.50%
    Other Pacific Islander 1 $155,000 $155,000 $6,415 2.63%
    Guamanian 1 $85,000 $85,000 $2,829 2.88%

    Approval Rates

    Total approvals of all applications
    95.83%

    Equity Resources 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
    64.67%

    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 9,899 $2,255,505,000 $227,852

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    9,899 $2,255,505,000 $227,852

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 261 $38,305,000 $146,762 $2,778 2.70%
    40-60% 1,145 $223,805,000 $195,463 $2,821 2.79%
    60-80% 3,485 $820,305,000 $235,382 $3,290 3.03%
    80-100% 4,853 $1,128,175,000 $232,470 $4,556 3.04%
    Over 100% 134 $42,470,000 $316,940 $10,977 2.61%
    Under 20% 21 $2,445,000 $116,429 $2,819 2.91%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    EQUITY RESOURCES, INCORPORATED FHA mortgage Trouble during payment process 1 33.3%
    EQUITY RESOURCES, INCORPORATED Other type of mortgage Closing on a mortgage 1 33.3%
    EQUITY RESOURCES, INCORPORATED Other type of mortgage Trouble during payment process 1 33.3%