Equity Resources Mortgage Rates, Fees & Info

NEWARK, OH

LEI: 549300G2LV8W3C1G3762

Tax ID: 31-1401378

5 stars - Updated: 2/26/24 - out of 5 stars, based on 64 reviews

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

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Mortgage Data

Review & Overview

Equity Resources is a small 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: Pittsburgh, Columbus, Raleigh, Toledo, and Washington among others. We have data for 161 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
Home Equity Line of Credit (HELOC) 6.27% 2/26/24
30 Year Conventional Purchase 6.74% 2/26/24
30 Year Conventional Refi 6.56% 2/26/24
30 Year Cash-out Refi 6.79% 2/26/24
30 Year FHA Purchase 7.45% 2/26/24
30 Year FHA Refi 6.90% 2/26/24
30 Year VA Purchase 6.26% 2/26/24
30 Year VA Refi 5.91% 2/26/24
30 Year USDA Purchase 6.86% 2/26/24
30 Year USDA Refi 6.72% 2/26/24
15 Year Conventional Purchase 6.24% 2/26/24
15 Year Conventional Refi 6.04% 2/26/24
15 Year Cash-out Refi 6.04% 2/26/24
15 Year FHA Purchase 7.48% 2/26/24
15 Year VA Refi 5.68% 2/26/24
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

4,143

Origination Dollar Volume (All Markets)

$1,010,595,000
Show all (56) awards

Relative Rate

Equity Resources's average 30 year fixed mortgage rate was 5.04%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.28%.

Relative Fees (Closing Costs)

Equity Resources's average total fees/closing costs for a 30 year fixed rate mortgage were $5,447.

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
PITTSBURGH, PA (FHA|USDA|VA) 717 $145,975,000 $203,591 $6,005 5.03%
COLUMBUS, OH (FHA|USDA|VA) 539 $130,365,000 $241,865 $4,086 4.94%
RALEIGH-CARY, NC (FHA|USDA|VA) 271 $92,995,000 $343,155 $4,729 4.75%
TOLEDO, OH (FHA|USDA|VA) 312 $54,550,000 $174,840 $4,539 5.28%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 118 $42,850,000 $363,136 $6,467 4.80%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 111 $33,315,000 $300,135 $6,108 4.92%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 62 $29,340,000 $473,226 $8,796 4.85%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 129 $27,465,000 $212,907 $4,549 4.87%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 115 $26,955,000 $234,391 $3,971 4.82%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 86 $26,710,000 $310,581 $5,870 5.35%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 98 $26,130,000 $266,633 $6,228 4.74%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 70 $22,260,000 $318,000 $4,437 4.58%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 69 $21,205,000 $307,319 $6,867 5.05%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 48 $19,680,000 $410,000 $11,109 4.97%
Outside of Metro Areas 84 $16,300,000 $194,048 $5,506 5.11%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 71 $14,845,000 $209,085 $4,828 5.18%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 36 $13,510,000 $375,278 $8,406 5.38%
ERIE, PA (FHA|USDA|VA) 79 $13,425,000 $169,937 $5,987 5.05%
ALTOONA, PA (FHA|USDA|VA) 85 $13,055,000 $153,588 $5,123 5.15%
WINSTON-SALEM, NC (FHA|USDA|VA) 52 $11,850,000 $227,885 $5,283 4.97%
DAYTON-KETTERING, OH (FHA|USDA|VA) 69 $10,935,000 $158,478 $4,494 5.16%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 26 $10,060,000 $386,923 $4,973 4.87%
FAYETTEVILLE, NC (FHA|USDA|VA) 37 $9,705,000 $262,297 $5,417 5.11%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 28 $8,830,000 $315,357 $7,596 4.65%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 27 $8,315,000 $307,963 $7,771 4.96%
WORCESTER, MA-CT (FHA|USDA|VA) 25 $8,295,000 $331,800 $5,212 5.11%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 25 $7,255,000 $290,200 $6,981 4.82%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 42 $6,860,000 $163,333 $5,153 5.23%
MONROE, MI (FHA|USDA|VA) 33 $6,245,000 $189,242 $3,807 4.78%
Morehead City, NC (FHA|USDA|VA) 16 $5,930,000 $370,625 $4,689 5.10%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 21 $5,875,000 $279,762 $6,880 4.75%
Zanesville, OH (FHA|USDA|VA) 32 $5,570,000 $174,063 $4,704 5.21%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 19 $5,085,000 $267,632 $4,334 5.07%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 17 $4,855,000 $285,588 $5,924 4.83%
Mount Vernon, OH (FHA|USDA|VA) 27 $4,815,000 $178,333 $3,359 4.97%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 14 $4,680,000 $334,286 $6,647 5.36%
JACKSONVILLE, NC (FHA|USDA|VA) 19 $4,285,000 $225,526 $6,283 4.16%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 12 $3,650,000 $304,167 $6,585 4.76%
WILMINGTON, NC (FHA|USDA|VA) 12 $3,430,000 $285,833 $3,892 4.92%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 10 $3,210,000 $321,000 $3,435 4.45%
ASHEVILLE, NC (FHA|USDA|VA) 11 $3,185,000 $289,545 $4,554 5.13%
MANSFIELD, OH (FHA|USDA|VA) 17 $3,105,000 $182,647 $5,050 4.99%
New Castle, PA (FHA|USDA|VA) 19 $3,095,000 $162,895 $4,980 4.78%
BURLINGTON, NC (FHA|USDA|VA) 12 $3,030,000 $252,500 $4,630 5.18%
Marion, OH (FHA|USDA|VA) 15 $2,675,000 $178,333 $5,526 5.33%
ROCKY MOUNT, NC (FHA|USDA|VA) 11 $2,645,000 $240,455 $4,945 5.16%
Torrington, CT (FHA|USDA|VA) 12 $2,590,000 $215,833 $6,944 5.40%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 10 $2,590,000 $259,000 $4,277 5.21%
PUNTA GORDA, FL (FHA|USDA|VA) 8 $2,540,000 $317,500 $4,426 4.67%
SALISBURY, MD-DE (FHA|USDA|VA) 7 $2,185,000 $312,143 $7,672 5.21%
JACKSON, MI (FHA|USDA|VA) 13 $2,145,000 $165,000 $3,644 5.15%
Bucyrus-Galion, OH (FHA|USDA|VA) 16 $2,000,000 $125,000 $4,288 4.60%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 6 $1,930,000 $321,667 $6,815 6.00%
Wilmington, OH (FHA|USDA|VA) 12 $1,920,000 $160,000 $5,280 5.49%
CANTON-MASSILLON, OH (FHA|USDA|VA) 12 $1,900,000 $158,333 $4,260 5.01%
JOHNSTOWN, PA (FHA|USDA|VA) 15 $1,835,000 $122,333 $5,308 4.59%
NEW BERN, NC (FHA|USDA|VA) 8 $1,780,000 $222,500 $5,298 5.20%
SPRINGFIELD, OH (FHA|USDA|VA) 13 $1,685,000 $129,615 $4,037 4.90%
OCALA, FL (FHA|USDA|VA) 7 $1,655,000 $236,429 $4,822 4.64%
Sidney, OH (FHA|USDA|VA) 6 $1,640,000 $273,333 $10,257 5.46%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $1,450,000 $362,500 $8,710 5.41%
Sanford, NC (FHA|USDA|VA) 7 $1,445,000 $206,429 $4,571 5.25%
Meadville, PA (FHA|USDA|VA) 9 $1,415,000 $157,222 $5,542 5.24%
Ashland, OH (FHA|USDA|VA) 6 $1,390,000 $231,667 $7,079 5.63%
Portsmouth, OH (FHA|USDA|VA) 7 $1,375,000 $196,429 $4,139 4.34%
Adrian, MI (FHA|USDA|VA) 8 $1,370,000 $171,250 $3,909 4.86%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 5 $1,315,000 $263,000 $5,050 5.50%
AKRON, OH (FHA|USDA|VA) 5 $1,215,000 $243,000 $5,843 4.08%
Boone, NC (FHA|USDA|VA) 2 $1,190,000 $595,000 $4,994 4.25%
Salem, OH (FHA|USDA|VA) 6 $1,180,000 $196,667 $6,314 5.38%
Fremont, OH (FHA|USDA|VA) 7 $1,095,000 $156,429 $4,659 5.55%
COLUMBIA, SC (FHA|USDA|VA) 3 $1,015,000 $338,333 $7,040 4.96%
Henderson, NC (FHA|USDA|VA) 3 $1,005,000 $335,000 $11,192 6.75%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $955,000 $318,333 $7,504 4.33%
Point Pleasant, WV-OH (FHA|USDA|VA) 2 $890,000 $445,000 $3,512 5.75%
Huntingdon, PA (FHA|USDA|VA) 7 $875,000 $125,000 $4,228 5.45%
Chillicothe, OH (FHA|USDA|VA) 4 $870,000 $217,500 $4,434 5.41%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 3 $865,000 $288,333 $6,222 4.13%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 4 $850,000 $212,500 $4,987 4.97%
Coshocton, OH (FHA|USDA|VA) 5 $815,000 $163,000 $6,191 5.75%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $810,000 $202,500 $4,521 5.91%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 5 $775,000 $155,000 $2,662 4.85%
RICHMOND, VA (FHA|USDA|VA) 2 $750,000 $375,000 $4,167 3.81%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $745,000 $248,333 $7,101 4.83%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $735,000 $245,000 $3,645 5.08%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $730,000 $365,000 $3,652 4.31%
GAINESVILLE, FL (FHA|USDA|VA) 2 $710,000 $355,000 $7,226 4.69%
WHEELING, WV-OH (FHA|USDA|VA) 5 $705,000 $141,000 $3,713 4.93%
Brevard, NC (FHA|USDA|VA) 1 $675,000 $675,000 $4,098 3.88%
Tiffin, OH (FHA|USDA|VA) 3 $675,000 $225,000 $8,149 5.25%
LOUISVILLE, KY (FHA|USDA|VA) 2 $670,000 $335,000 $4,134 5.75%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $665,000 $221,667 $6,716 5.63%
Findlay, OH (FHA|USDA|VA) 4 $660,000 $165,000 $3,211 5.22%
Key West, FL (FHA|USDA|VA) 1 $645,000 $645,000 $8,295 5.63%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $640,000 $320,000 $6,265 4.75%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $630,000 $315,000 $7,694 5.38%
Angola, IN (FHA|USDA|VA) 2 $630,000 $315,000 $3,088 5.19%
GOLDSBORO, NC (FHA|USDA|VA) 4 $610,000 $152,500 $2,904 4.44%
Georgetown, SC (FHA|USDA|VA) 2 $600,000 $300,000 $3,718 5.00%
Urbana, OH (FHA|USDA|VA) 3 $575,000 $191,667 $3,043 4.29%
Athens, OH (FHA|USDA|VA) 4 $570,000 $142,500 $5,360 5.03%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 3 $565,000 $188,333 $3,302 5.79%
Wilson, NC (FHA|USDA|VA) 4 $560,000 $140,000 $4,127 5.47%
Seneca, SC (FHA|USDA|VA) 2 $550,000 $275,000 $7,280 4.38%
GREENVILLE, NC (FHA|USDA|VA) 3 $535,000 $178,333 $4,702 4.79%
Jackson, OH (FHA|USDA|VA) 2 $520,000 $260,000 $5,957 5.44%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $475,000 $475,000 $7,572 5.12%
LANCASTER, PA (FHA|USDA|VA) 2 $460,000 $230,000 $5,656 4.56%
GETTYSBURG, PA (FHA|USDA|VA) 2 $450,000 $225,000 $6,354 5.44%
ANN ARBOR, MI (FHA|USDA|VA) 2 $440,000 $220,000 $2,745 4.50%
EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $420,000 $210,000 $6,924 5.38%
BOWLING GREEN, KY (FHA|USDA|VA) 2 $400,000 $200,000 $3,209 3.50%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $400,000 $200,000 $3,748 5.56%
Cullowhee, NC (FHA|USDA|VA) 1 $395,000 $395,000 $0 7.75%
Fairmont, WV (FHA|USDA|VA) 2 $380,000 $190,000 $5,363 5.38%
Washington Court House, OH (FHA|USDA|VA) 2 $380,000 $190,000 $6,029 3.88%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $370,000 $185,000 $5,551 5.25%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $365,000 $365,000 $2,974 3.38%
PITTSFIELD, MA (FHA|USDA|VA) 1 $355,000 $355,000 $3,620 5.88%
Somerset, PA (FHA|USDA|VA) 2 $350,000 $175,000 $8,828 5.81%
DuBois, PA (FHA|USDA|VA) 4 $340,000 $85,000 $4,069 4.69%
Washington, NC (FHA|USDA|VA) 2 $340,000 $170,000 $3,080 5.56%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $330,000 $165,000 $3,731 5.31%
BRUNSWICK, GA (FHA|USDA|VA) 1 $305,000 $305,000 $5,975 6.38%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 2 $300,000 $150,000 $4,530 4.44%
Seymour, IN (FHA|USDA|VA) 1 $295,000 $295,000 $13,385 6.50%
Coldwater, MI (FHA|USDA|VA) 1 $285,000 $285,000 $8,981 2.88%
READING, PA (FHA|USDA|VA) 1 $285,000 $285,000 $4,357 4.25%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $285,000 $285,000 $2,509 4.63%
Richmond-Berea, KY (FHA|USDA|VA) 1 $285,000 $285,000 $6,177 4.63%
FLORENCE, SC (FHA|USDA|VA) 2 $280,000 $140,000 $3,099 5.13%
LYNCHBURG, VA (FHA|USDA|VA) 1 $275,000 $275,000 $10,212 7.00%
Kinston, NC (FHA|USDA|VA) 2 $270,000 $135,000 $4,841 5.06%
Forest City, NC (FHA|USDA|VA) 2 $270,000 $135,000 $3,798 4.50%
SUMTER, SC (FHA|USDA|VA) 1 $265,000 $265,000 $1,149 5.63%
Easton, MD (FHA|USDA|VA) 1 $255,000 $255,000 $4,653 5.50%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 2 $250,000 $125,000 $3,068 6.63%
COLUMBUS, IN (FHA|USDA|VA) 1 $245,000 $245,000 $6,569 6.25%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $245,000 $245,000 $10,626 5.38%
Bellefontaine, OH (FHA|USDA|VA) 2 $230,000 $115,000 $4,117 5.63%
MORGANTOWN, WV (FHA|USDA|VA) 1 $215,000 $215,000 $3,479 4.13%
SPARTANBURG, SC (FHA|USDA|VA) 1 $215,000 $215,000 $4,888 7.00%
Mount Airy, NC (FHA|USDA|VA) 1 $205,000 $205,000 $3,102 5.50%
New Castle, IN (FHA|USDA|VA) 1 $195,000 $195,000 $4,851 3.13%
Arcadia, FL (FHA|USDA|VA) 1 $185,000 $185,000 $8,704 5.63%
Roanoke Rapids, NC (FHA|USDA|VA) 2 $180,000 $90,000 $3,690 4.88%
Indiana, PA (FHA|USDA|VA) 1 $175,000 $175,000 $7,436 5.63%
THE VILLAGES, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,615 5.88%
Norwalk, OH (FHA|USDA|VA) 1 $165,000 $165,000 $4,345 6.88%
Marietta, OH (FHA|USDA|VA) 1 $155,000 $155,000 $3,420 4.75%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $145,000 $145,000 $2,405 3.63%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $145,000 $145,000 $3,594 3.75%
Sturgis, MI (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.50%
Marion, NC (FHA|USDA|VA) 1 $135,000 $135,000 $3,524 5.38%
CHARLESTON, WV (FHA|USDA|VA) 1 $135,000 $135,000 $3,502 5.75%
Orangeburg, SC (FHA|USDA|VA) 1 $125,000 $125,000 $2,825 3.25%
Elkins, WV (FHA|USDA|VA) 1 $85,000 $85,000 $4,591 4.88%
Union, SC (FHA|USDA|VA) 1 $65,000 $65,000 $3,012 5.50%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $65,000 $65,000 $2,610 5.63%
Ashtabula, OH (FHA|USDA|VA) 1 $55,000 $55,000 $5,069 7.63%
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 1 $55,000 $55,000 $3,163 4.75%
Equity Resources's top markets include Pittsburgh, Columbus, 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)
  • Massachusetts (FHA|USDA|VA)
  • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,087 $772,765,000 $250,329 $4,523 5.01%
    FHA 657 $138,665,000 $211,058 $8,298 4.99%
    VA 256 $77,030,000 $300,898 $7,605 4.56%
    USDA 118 $20,090,000 $170,254 $6,142 4.82%
    HELOC 25 $2,045,000 $81,800 n/a 9.16%

    For 2022, Equity Resources's most frequently originated type of loan was Conventional, with 3,087 originations. Their 2nd most popular type was FHA, with 657 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,317 $836,945,000 $252,320 $5,626 5.12%
    Cash Out Refi 591 $121,675,000 $205,880 $4,365 4.74%
    Refi 235 $51,975,000 $221,170 $3,820 3.88%

    For 2022, Equity Resources's most frequently cited loan purpose was Home Purchase, with 3,317 originations. The 2nd most popular reason was Cash Out Refi, with 591 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,829 $942,145,000 $246,055 $5,447 5.04%
    15 Year 185 $41,935,000 $226,676 $3,740 3.61%
    20 Year 43 $9,585,000 $222,907 $3,729 3.72%
    Other 40 $5,770,000 $144,250 $3,140 6.22%
    30+ year 20 $7,690,000 $384,500 $9,758 6.70%
    1 Year 18 $1,660,000 $92,222 $0 8.85%
    10 Year 8 $1,810,000 $226,250 $3,679 3.27%

    For 2022, Equity Resources's most frequently cited loan duration was 30 Year, with 3,829 originations. The 2nd most popular length was 15 Year, with 185 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,427 $560,055,000 $230,760
    $2k-3k 554 $123,560,000 $223,032
    $<1k 314 $72,320,000 $230,318
    $3k-4k 307 $75,155,000 $244,805
    $5k+ 306 $118,510,000 $387,288
    $4k-5k 209 $58,895,000 $281,794

    Equity Resources's average total fees were $5,447, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,427 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 1,405 $341,795,000 $243,270
    3-4% 1,012 $251,160,000 $248,182
    4-5% 778 $193,850,000 $249,165
    6-7% 604 $142,460,000 $235,861
    2.5-3% 169 $41,965,000 $248,314
    7-8% 111 $26,565,000 $239,324
    Over 8% 44 $7,300,000 $165,909
    <2.5% 20 $5,500,000 $275,000

    During 2022, Equity Resources's average interest rate for loans was 5.04%, while their most frequently originated rate bucket for loans was 5-6%, with 1,405 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,754 $493,030,000 $281,089 $5,762 4.95%
    $100k-200k 1,470 $220,590,000 $150,061 $4,455 5.00%
    $400k-600k 419 $198,065,000 $472,709 $7,524 4.93%
    $100,000 or less 404 $30,250,000 $74,876 $3,620 5.26%
    $600k-1MM 91 $63,005,000 $692,363 $8,519 4.88%
    $1MM+ 5 $5,655,000 $1,131,000 $9,029 5.50%

    2022 saw Equity Resources place emphasis on $200k-400k loans with 1,754 originations, totaling $493,030,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,063 $200,295,000 $188,424 $5,041 4.99%
    $100k-150k 886 $256,610,000 $289,628 $5,904 5.02%
    $75k-100k 815 $198,235,000 $243,233 $5,627 5.06%
    $50k or less 668 $87,020,000 $130,269 $4,282 4.76%
    $150k-250k 540 $192,380,000 $356,259 $5,708 5.10%
    $250k+ 171 $76,055,000 $444,766 $5,963 5.19%

    Equity Resources lent most frequently to those with incomes in the $50k-75k range, with 1,063 originations. The second most popular income band? $100k-150k, with 886 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 833 $192,565,000 $231,170 $4,764 4.84%
    30-36% 773 $188,275,000 $243,564 $5,013 5.02%
    <20% 266 $58,200,000 $218,797 $4,203 4.72%
    44% 186 $44,940,000 $241,613 $5,430 5.25%
    42% 180 $48,820,000 $271,222 $5,539 5.15%
    40% 176 $44,830,000 $254,716 $5,141 4.93%
    43% 175 $41,455,000 $236,886 $5,334 5.26%
    41% 172 $40,330,000 $234,477 $5,610 4.98%
    50-60% 158 $44,260,000 $280,127 $9,502 4.99%
    38% 153 $38,655,000 $252,647 $5,552 4.96%
    37% 150 $37,050,000 $247,000 $5,763 5.19%
    45% 147 $34,765,000 $236,497 $5,320 5.11%
    39% 147 $36,035,000 $245,136 $5,231 5.01%
    36% 137 $31,285,000 $228,358 $4,960 5.04%
    49% 134 $35,040,000 $261,493 $6,079 5.04%
    47% 123 $33,565,000 $272,886 $5,836 5.10%
    48% 115 $29,885,000 $259,870 $5,661 4.99%
    46% 110 $27,380,000 $248,909 $5,677 5.16%
    >60% 8 $3,260,000 $407,500 $13,894 4.62%

    Equity Resources lent most frequently to those with DTI ratios of 20-30%, with 833 originations. The next most common DTI ratio? 30-36%, with 773 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,385 $804,245,000 $237,591 $5,168 5.00%
    Black 294 $82,050,000 $279,082 $7,882 5.05%
    Not provided 254 $66,030,000 $259,961 $5,428 5.20%
    Asian 179 $51,385,000 $287,067 $4,319 4.56%
    American Indian 25 $5,875,000 $235,000 $6,308 5.18%
    Native Hawaiian or Islander 3 $475,000 $158,333 $6,143 4.17%
    Japanese 1 $245,000 $245,000 $2,154 2.88%
    Vietnamese 1 $185,000 $185,000 $6,921 3.50%
    Other Pacific Islander 1 $105,000 $105,000 $3,051 4.88%

    Approval Rates

    Total approvals of all applications
    93.75%

    Equity Resources has an average approval rate.

    Pick Rate

    Approvals leading to origination
    62.37%

    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 4,143 $1,010,595,000 $243,928

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4,143 $1,010,595,000 $243,928

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 109 $15,795,000 $144,908 $3,464 5.40%
    40-60% 313 $63,285,000 $202,188 $3,795 4.59%
    60-80% 1,160 $293,090,000 $252,664 $4,635 4.93%
    80-100% 2,478 $617,960,000 $249,379 $5,809 5.05%
    Over 100% 56 $18,640,000 $332,857 $12,524 4.33%
    Under 20% 27 $1,825,000 $67,593 $2,784 7.10%