Welcome Home Finance L.p. Mortgage Rates, Fees & Info

Butler, PA

LEI: 549300GKMQB8BGTSPK09

Tax ID: 84-1674410

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Welcome Home Finance L.p. is a smaller mortgage company specializing in Home Purchase loans. Welcome Home Finance L.p. has a high proportion of conventional loans. They also have a high ratio of USDA loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Pittsburgh, Youngstown, New Castle, Indiana, and Altoona among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Welcome Home Finance L.p. has an above average approval rate when compared to the average across all lenders. Welcome Home Finance L.p. is typically a low 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 6.38% 4/18/24
    30 Year Conventional Refi 6.64% 4/18/24
    30 Year FHA Purchase 7.03% 4/18/24
    30 Year FHA Refi 7.24% 4/18/24
    30 Year VA Purchase 6.27% 4/18/24
    30 Year USDA Purchase 6.47% 4/18/24
    15 Year Conventional Purchase 5.88% 4/18/24
    15 Year Conventional Refi 5.98% 4/18/24
    15 Year Cash-out Refi 5.98% 4/18/24
    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.

    Welcome Home Finance L.p. Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Welcome Home Finance L.p.. 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

    68

    Origination Dollar Volume (All Markets)

    $7,600,000
    Show all (8) awards

    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) 59 $6,815,000 $115,508 $2,269 4.44%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 4 $440,000 $110,000 $2,861 4.49%
    New Castle, PA (FHA|USDA|VA) 2 $160,000 $80,000 $2,215 5.44%
    Indiana, PA (FHA|USDA|VA) 1 $75,000 $75,000 $991 4.45%
    ALTOONA, PA (FHA|USDA|VA) 1 $55,000 $55,000 $1,075 4.75%
    Outside of Metro Areas 1 $55,000 $55,000 $1,513 4.38%
    Welcome Home Finance L.p.'s top markets include Pittsburgh, Youngstown, New Castle, Indiana, and Altoona among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Similar Lenders

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

    Westmoreland Federal Savings
    Similarity Rank: 12
    TRI BORO
    Similarity Rank: 25
    Commercial Bank and Trust of PA
    Similarity Rank: 57
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 88
    West View Savings Bank
    Similarity Rank: 102
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 152
    M. S. Flynn, Inc.
    Similarity Rank: 204
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 348
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 570
    The Farmers National Bank of Emlenton
    Similarity Rank: 700

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 28 $3,560,000 $127,143 $2,645 4.58%
    USDA 24 $2,430,000 $101,250 $1,701 4.32%
    FHA 16 $1,610,000 $100,625 $2,401 4.53%

    For 2018, Welcome Home Finance L.p.'s most frequently originated type of loan was Conventional, with 28 originations. Their 2nd most popular type was USDA, with 24 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 67 $7,355,000 $109,776 $2,227 4.48%
    Refi 1 $245,000 $245,000 $4,130 3.88%

    For 2018, Welcome Home Finance L.p.'s most frequently cited loan purpose was Home Purchase, with 67 originations. The 2nd most popular reason was Refi, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 67 $7,355,000 $109,776 $2,227 4.48%
    20 Year 1 $245,000 $245,000 $4,130 3.88%

    For 2018, Welcome Home Finance L.p.'s most frequently cited loan duration was 30 Year, with 67 originations. The 2nd most popular length was 20 Year, with 1 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 54 $5,870,000 $108,704
    $1k-2k 14 $1,730,000 $123,571

    Welcome Home Finance L.p.'s average total fees were $2,227, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 54 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 52 $5,580,000 $107,308
    3-4% 11 $1,475,000 $134,091
    5-6% 5 $545,000 $109,000

    During 2018, Welcome Home Finance L.p.'s average interest rate for loans was 4.48%, while their most frequently originated rate bucket for loans was 4-5%, with 52 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 40 $5,260,000 $131,500 $2,736 4.39%
    $100,000 or less 26 $1,890,000 $72,692 $1,383 4.61%
    $200k-400k 2 $450,000 $225,000 $3,959 4.31%

    2018 saw Welcome Home Finance L.p. place emphasis on $100k-200k loans with 40 originations, totaling $5,260,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 45 $4,705,000 $104,556 $2,114 4.44%
    $50k-75k 21 $2,535,000 $120,714 $2,417 4.60%
    $100k-150k 1 $245,000 $245,000 $4,130 3.88%
    $75k-100k 1 $115,000 $115,000 $3,306 3.88%

    Welcome Home Finance L.p. lent most frequently to those with incomes in the $50k or less range, with 45 originations. The second most popular income band? $50k-75k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 15 $1,565,000 $104,333 $2,279 4.76%
    30-36% 14 $1,460,000 $104,286 $2,328 4.49%
    39% 6 $870,000 $145,000 $3,043 4.35%
    42% 4 $530,000 $132,500 $2,943 3.97%
    40% 4 $400,000 $100,000 $2,083 4.22%
    41% 4 $300,000 $75,000 $855 4.51%
    38% 4 $390,000 $97,500 $1,510 4.28%
    50-60% 3 $405,000 $135,000 $3,316 4.54%
    36% 3 $375,000 $125,000 $2,194 4.36%
    >60% 2 $230,000 $115,000 $1,317 4.50%
    45% 2 $270,000 $135,000 $3,817 4.56%
    46% 2 $380,000 $190,000 $3,646 4.69%
    <20% 2 $110,000 $55,000 $748 4.50%
    43% 1 $95,000 $95,000 $929 4.63%
    44% 1 $125,000 $125,000 $1,212 3.63%
    37% 1 $95,000 $95,000 $985 4.50%

    Welcome Home Finance L.p. lent most frequently to those with DTI ratios of 20-30%, with 15 originations. The next most common DTI ratio? 30-36%, with 14 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 61 $6,775,000 $111,066 $2,256 4.49%
    Black 3 $385,000 $128,333 $2,194 4.15%
    Asian 3 $375,000 $125,000 $2,760 4.54%
    Native Hawaiian or Islander 1 $65,000 $65,000 $807 4.25%

    Approval Rates

    Total approvals of all applications
    95.77%

    Welcome Home Finance L.p. 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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 68 $7,600,000 $111,765

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 68 $7,600,000 $111,765

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    60-80% 4 $450,000 $112,500 $2,056 4.38%
    80-100% 64 $7,150,000 $111,719 $2,267 4.48%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    WILSON & ASSOCIATES, PLLC Conventional home mortgage Struggling to pay mortgage 1 50.0%
    WILSON & ASSOCIATES, PLLC Other type of mortgage Struggling to pay mortgage 1 50.0%