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 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% | 12/3/24 |
| 30 Year Conventional Purchase | 6.74% | 12/3/24 |
| 30 Year Conventional Refi | 6.56% | 12/3/24 |
| 30 Year Cash-out Refi | 6.79% | 12/3/24 |
| 30 Year FHA Purchase | 7.45% | 12/3/24 |
| 30 Year FHA Refi | 6.90% | 12/3/24 |
| 30 Year VA Purchase | 6.26% | 12/3/24 |
| 30 Year VA Refi | 5.91% | 12/3/24 |
| 30 Year USDA Purchase | 6.86% | 12/3/24 |
| 30 Year USDA Refi | 6.72% | 12/3/24 |
| 15 Year Conventional Purchase | 6.24% | 12/3/24 |
| 15 Year Conventional Refi | 6.04% | 12/3/24 |
| 15 Year Cash-out Refi | 6.04% | 12/3/24 |
| 15 Year FHA Purchase | 7.48% | 12/3/24 |
| 15 Year VA Refi | 5.68% | 12/3/24 |
| 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
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This is not an official calculator from Equity Resources. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,143Origination Dollar Volume (All Markets)
$1,010,595,000Awards
EQUITY RESOURCES - 2022
EQUITY RESOURCES is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
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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.
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Product Mix
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
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
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
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
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
2022 saw Equity Resources place emphasis on $200k-400k loans with 1,754 originations, totaling $493,030,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications93.75%
Equity Resources has an average approval rate.
Pick Rate
Approvals leading to origination62.37%
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 |