Equity Resources Mortgage Rates, Fees & Info

NEWARK, OH

LEI: 549300G2LV8W3C1G3762

Tax ID: 31-1401378

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

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Columbus, Pittsburgh, Raleigh, Washington, and Baltimore among others. Equity Resources has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Equity Resources is typically an average fee lendor.


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 rate mortgage of loans were 3.08%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.07%.

Relative Fees

Equity Resources 's average total fees for a 30 year fixed rate mortgage are $4,179.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

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.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average 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 the 2021 period, Equity Resources 's most frequently originated loan type of loans were Conventional, with 8,073 originations. Their 2nd most popular type is FHA, with 905 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average 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 the 2021, Equity Resources 's most frequently cited loan purpose of loans were Home Purchase, with 5,062 originations. The 2nd most popular reason of loans were 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 the 2021, Equity Resources 's most frequently cited loan length of loans were 30 Year, with 7,841 originations. The 2nd most popular length of loans were 15 Year, with 1,213 originations.

Origination Fees

Origination Fee 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 240 $68,220,000 $284,250
$5k+ 107 $44,155,000 $412,664

$4,179 of loans were Equity Resources 's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.08%, while their most frequently originated rate bucket of loans were 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 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
97.26%

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
61.24%

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%