Equity Resources Mortgage Rates, Fees & Info

NEWARK, OH

LEI: 549300G2LV8W3C1G3762

Tax ID: 31-1401378

5 stars - Updated: 12/16/24 - out of 5 stars, based on 50 reviews

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

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  • SimulatedRates™
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    • 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

    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% 12/16/24
    30 Year Conventional Purchase 6.74% 12/16/24
    30 Year Conventional Refi 6.56% 12/16/24
    30 Year Cash-out Refi 6.79% 12/16/24
    30 Year FHA Purchase 7.45% 12/16/24
    30 Year FHA Refi 6.90% 12/16/24
    30 Year VA Purchase 6.26% 12/16/24
    30 Year VA Refi 5.91% 12/16/24
    30 Year USDA Purchase 6.86% 12/16/24
    30 Year USDA Refi 6.72% 12/16/24
    15 Year Conventional Purchase 6.24% 12/16/24
    15 Year Conventional Refi 6.04% 12/16/24
    15 Year Cash-out Refi 6.04% 12/16/24
    15 Year FHA Purchase 7.48% 12/16/24
    15 Year VA Refi 5.68% 12/16/24
    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

    2,514

    Origination Dollar Volume (All Markets)

    $590,650,000
    Show all (14) awards

    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%
    Equity Resources's top markets include Columbus, Pittsburgh, Raleigh, Toledo, and Washington among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Florida (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.

    The Community Bank
    Similarity Rank: 18
    Charter Oak Federal Credit Union
    Similarity Rank: 24
    First Federal Savings and Loan Association of Delta
    Similarity Rank: 34
    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 42
    Thomaston Savings Bank
    Similarity Rank: 42
    The Torrington Savings Bank
    Similarity Rank: 45
    Union Savings Bank
    Similarity Rank: 63
    ACNB Bank
    Similarity Rank: 64
    HOMEFIELD
    Similarity Rank: 75
    Savings Bank of Danbury
    Similarity Rank: 98

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,879 $442,925,000 $235,724 $4,860 7.03%
    FHA 405 $87,225,000 $215,370 $8,700 6.77%
    VA 161 $50,065,000 $310,963 $7,235 6.59%
    USDA 51 $8,125,000 $159,314 $6,058 6.64%
    HELOC 18 $2,310,000 $128,333 n/a 10.32%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,200 $542,180,000 $246,445 $5,812 6.83%
    Cash Out Refi 261 $36,525,000 $139,943 $4,505 8.24%
    Refi 53 $11,945,000 $225,377 $4,748 6.78%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,348 $563,020,000 $239,787 $5,734 6.81%
    Other 85 $6,175,000 $72,647 $2,520 9.82%
    15 Year 24 $6,110,000 $254,583 $6,328 6.60%
    30+ year 21 $10,245,000 $487,857 $11,980 10.30%
    1 Year 19 $2,415,000 $127,105 $0 10.30%
    10 Year 12 $1,270,000 $105,833 $2,921 9.26%
    20 Year 5 $1,415,000 $283,000 $6,716 6.78%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,295 $279,375,000 $215,734
    $2k-3k 335 $65,425,000 $195,299
    $5k+ 259 $97,455,000 $376,274
    $3k-4k 240 $55,430,000 $230,958
    $4k-5k 174 $50,880,000 $292,414
    $<1k 168 $37,560,000 $223,571

    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

    Loan Rate Originations Total Value Average Loan
    6-7% 1,446 $336,220,000 $232,517
    7-8% 658 $169,790,000 $258,040
    5-6% 227 $51,545,000 $227,070
    Over 8% 181 $32,815,000 $181,298
    <2.5% 1 $15,000 $15,000
    4-5% 1 $265,000 $265,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,028 $287,650,000 $279,815 $6,430 6.91%
    $100k-200k 905 $138,455,000 $152,989 $4,706 6.80%
    $100,000 or less 312 $22,130,000 $70,929 $3,478 7.64%
    $400k-600k 211 $100,225,000 $475,000 $8,126 6.91%
    $600k-1MM 53 $35,845,000 $676,321 $8,883 7.42%
    $1MM+ 5 $6,345,000 $1,269,000 $14,708 7.60%

    2023 saw Equity Resources place emphasis on $200k-400k loans with 1,028 originations, totaling $287,650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 604 $159,770,000 $264,520 $6,310 7.06%
    $50k-75k 591 $102,835,000 $174,002 $4,905 6.78%
    $75k-100k 516 $110,700,000 $214,535 $5,579 6.99%
    $150k-250k 373 $129,655,000 $347,601 $6,584 7.23%
    $50k or less 314 $41,070,000 $130,796 $4,399 6.66%
    $250k+ 111 $46,095,000 $415,270 $7,446 7.44%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 476 $107,230,000 $225,273 $5,473 6.94%
    20-30% 417 $92,315,000 $221,379 $5,112 6.94%
    44% 135 $37,985,000 $281,370 $5,828 7.26%
    43% 121 $28,735,000 $237,479 $5,516 7.01%
    39% 111 $24,565,000 $221,306 $5,273 6.94%
    40% 110 $27,470,000 $249,727 $6,268 7.09%
    <20% 108 $22,040,000 $204,074 $4,708 6.94%
    42% 105 $23,625,000 $225,000 $5,779 7.12%
    50-60% 104 $27,990,000 $269,135 $8,548 6.79%
    41% 103 $24,975,000 $242,476 $6,319 7.14%
    49% 103 $28,255,000 $274,320 $6,458 6.79%
    38% 102 $20,600,000 $201,961 $5,228 6.98%
    37% 97 $22,285,000 $229,742 $5,525 6.97%
    36% 89 $20,615,000 $231,629 $4,840 6.93%
    45% 88 $21,600,000 $245,455 $5,500 6.96%
    46% 86 $20,460,000 $237,907 $5,881 7.07%
    47% 79 $19,805,000 $250,696 $5,544 6.81%
    48% 74 $18,220,000 $246,216 $6,487 6.84%
    >60% 6 $1,880,000 $313,333 $9,404 7.41%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,101 $484,845,000 $230,769 $5,580 6.97%
    Not provided 172 $43,710,000 $254,128 $6,323 6.95%
    Asian 112 $31,320,000 $279,643 $5,120 6.93%
    Black 121 $29,465,000 $243,512 $6,963 7.05%
    American Indian 7 $905,000 $129,286 $4,182 7.20%
    Native Hawaiian or Islander 1 $405,000 $405,000 $8,215 5.50%

    Approval Rates

    Total approvals of all applications
    92.53%

    Equity Resources has an average approval rate.

    Pick Rate

    Approvals leading to origination
    65.47%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,514 $590,650,000 $234,944

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 103 $10,725,000 $104,126 $3,124 8.20%
    40-60% 164 $34,500,000 $210,366 $4,172 6.93%
    60-80% 601 $152,215,000 $253,270 $5,379 6.98%
    80-100% 1,539 $375,355,000 $243,895 $6,012 6.80%
    Over 100% 47 $14,645,000 $311,596 $11,221 6.61%
    Under 20% 60 $3,210,000 $53,500 $2,226 9.67%