First Home Mortgage Corporation Rates, Fees & Info
LUTHERVILLE TIMONIUM, MDLEI: 549300GPO6DWUZR4UY30
Tax ID: 52-1696740
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
First Home Mortgage Corporation is a small mortgage company specializing in Home Purchase loans. First Home Mortgage Corporation 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: Washington, Baltimore, California, Raleigh, and Boston among others. We have data for 87 markets. (Some data included below & more in-depth data is available with an active subscription.)First Home Mortgage Corporation 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. First Home Mortgage Corporation is typically a high 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.68% | 11/11/24 |
| 30 Year Conventional Refi | 6.66% | 11/11/24 |
| 30 Year Cash-out Refi | 6.89% | 11/11/24 |
| 30 Year FHA Purchase | 7.74% | 11/11/24 |
| 30 Year FHA Refi | 7.41% | 11/11/24 |
| 30 Year VA Purchase | 6.31% | 11/11/24 |
| 30 Year VA Refi | 6.10% | 11/11/24 |
| 30 Year USDA Purchase | 6.55% | 11/11/24 |
| 30 Year USDA Refi | 6.69% | 11/11/24 |
| 15 Year Conventional Purchase | 5.74% | 11/11/24 |
| 15 Year Conventional Refi | 5.98% | 11/11/24 |
| 15 Year Cash-out Refi | 5.98% | 11/11/24 |
| 15 Year FHA Refi | 6.47% | 11/11/24 |
| 15 Year VA Purchase | 5.85% | 11/11/24 |
| 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. | ||
First Home Mortgage Corporation Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from First Home Mortgage Corporation. 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
5,359Origination Dollar Volume (All Markets)
$2,093,045,000Awards
FIRST HOME MORTGAGE CORPORATION - 2023
FIRST HOME MORTGAGE CORPORATION is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
Work for FIRST HOME MORTGAGE CORPORATION?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
First Home Mortgage Corporation's average 30 year fixed mortgage rate was
6.64%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.16%.
Relative Fees (Closing Costs)
First Home Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $10,964.
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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1,818 | $849,910,000 | $467,497 | $12,151 | 6.56% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1,893 | $683,615,000 | $361,128 | $10,684 | 6.68% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 244 | $89,840,000 | $368,197 | $10,249 | 6.46% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 155 | $59,825,000 | $385,968 | $7,512 | 6.69% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 107 | $42,135,000 | $393,785 | $13,591 | 6.20% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 85 | $38,925,000 | $457,941 | $6,812 | 6.78% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 104 | $38,220,000 | $367,500 | $13,468 | 6.41% |
| RICHMOND, VA (FHA|USDA|VA) | 113 | $37,125,000 | $328,540 | $7,029 | 6.68% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 129 | $35,245,000 | $273,217 | $9,885 | 6.66% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 104 | $27,320,000 | $262,692 | $9,492 | 6.65% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 61 | $24,005,000 | $393,525 | $6,859 | 6.37% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 62 | $17,370,000 | $280,161 | $11,034 | 6.72% |
| Easton, MD (FHA|USDA|VA) | 45 | $17,355,000 | $385,667 | $9,576 | 6.54% |
| Outside of Metro Areas | 61 | $17,045,000 | $279,426 | $9,426 | 6.72% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 30 | $10,860,000 | $362,000 | $11,299 | 6.74% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 31 | $10,325,000 | $333,065 | $8,136 | 6.85% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 43 | $9,135,000 | $212,442 | $8,291 | 6.61% |
| Cambridge, MD (FHA|USDA|VA) | 26 | $5,760,000 | $221,538 | $9,144 | 6.48% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 22 | $5,090,000 | $231,364 | $8,759 | 6.58% |
| GETTYSBURG, PA (FHA|USDA|VA) | 17 | $4,815,000 | $283,235 | $9,355 | 6.70% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 13 | $4,175,000 | $321,154 | $9,852 | 6.58% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 10 | $4,030,000 | $403,000 | $14,876 | 6.15% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 13 | $3,715,000 | $285,769 | $6,299 | 6.95% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 13 | $3,455,000 | $265,769 | $16,413 | 5.47% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $3,435,000 | $490,714 | $10,669 | 6.62% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 11 | $3,295,000 | $299,545 | $11,295 | 6.78% |
| COLUMBIA, SC (FHA|USDA|VA) | 8 | $2,930,000 | $366,250 | $6,960 | 6.95% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 9 | $2,865,000 | $318,333 | $9,353 | 7.04% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $2,195,000 | $439,000 | $13,821 | 7.10% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $2,080,000 | $1,040,000 | $9,224 | 6.87% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $1,765,000 | $353,000 | $11,511 | 6.65% |
| DOVER, DE (FHA|USDA|VA) | 6 | $1,730,000 | $288,333 | $10,848 | 6.54% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 6 | $1,600,000 | $266,667 | $9,494 | 5.81% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $8,896 | 6.17% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 4 | $1,430,000 | $357,500 | $11,153 | 6.78% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 5 | $1,365,000 | $273,000 | $11,083 | 7.02% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $1,360,000 | $680,000 | $11,575 | 5.38% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 8 | $1,210,000 | $151,250 | $7,238 | 6.98% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $5,685 | 6.93% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $21,356 | 6.63% |
| BURLINGTON, NC (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $6,959 | 6.96% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $7,020 | 6.12% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $8,608 | 6.81% |
| Key West, FL (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $50,826 | 6.13% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $10,184 | 6.79% |
| Boone, NC (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $6,953 | 7.62% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $11,558 | 6.50% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $8,007 | 7.68% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $12,804 | 6.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $12,912 | 6.49% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $11,183 | 5.99% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $10,684 | 5.62% |
| Sanford, NC (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $9,725 | 6.56% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $5,907 | 6.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $8,945 | 6.88% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $23,149 | 6.63% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $7,924 | 6.38% |
| SUMTER, SC (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $5,729 | 7.29% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $21,621 | 6.63% |
| STAUNTON, VA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,854 | 7.49% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,515 | 6.63% |
| Wilson, NC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,941 | 6.99% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $7,964 | 6.38% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $7,333 | 6.13% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,486 | 6.49% |
| ROANOKE, VA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $11,380 | 6.31% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $12,099 | 6.63% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $8,672 | 6.49% |
| OCALA, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $14,130 | 6.63% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $11,973 | 6.99% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $14,464 | 7.13% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $12,299 | 6.99% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $6,079 | 6.49% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,278 | 7.49% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $9,856 | 6.63% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $6,169 | 4.71% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,143 | 7.50% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,470 | 7.13% |
| Seneca, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $10,781 | 5.75% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,511 | 6.13% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,357 | 6.99% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,783 | 6.75% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,678 | 5.99% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,306 | 6.25% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,150 | 7.49% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,257 | 7.13% |
| READING, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,724 | 8.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against FIRST HOME MORTGAGE CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 18
Similarity Rank: 21
Similarity Rank: 45
Similarity Rank: 48
Similarity Rank: 50
Similarity Rank: 56
Similarity Rank: 64
Similarity Rank: 65
Similarity Rank: 75
Similarity Rank: 96
Product Mix
For 2023, First Home Mortgage Corporation's most frequently originated type of loan was Conventional, with 3,821 originations. Their 2nd most popular type was FHA, with 880 originations.
Loan Reason
For 2023, First Home Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 5,188 originations. The 2nd most popular reason was Cash Out Refi, with 86 originations.
Loan Duration/Length
For 2023, First Home Mortgage Corporation's most frequently cited loan duration was 30 Year, with 5,164 originations. The 2nd most popular length was 15 Year, with 153 originations.
Origination Fees/Closing Costs
First Home Mortgage Corporation's average total fees were $10,964, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 2,453 originations.
Interest Rates
During 2023, First Home Mortgage Corporation's average interest rate for loans was 6.64%, while their most frequently originated rate bucket for loans was 6-7%, with 2,872 originations.
Loan Sizing
2023 saw First Home Mortgage Corporation place emphasis on $200k-400k loans with 2,659 originations, totaling $799,495,000 in origination value.
Applicant Income
First Home Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 1,571 originations. The second most popular income band? $150k-250k, with 1,190 originations.
Applicant Debt to Income Ratio
First Home Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 892 originations. The next most common DTI ratio? 20-30%, with 683 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.82%
First Home Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination76.43%
First Home Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,359 | $2,093,045,000 | $390,566 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5,359 | $2,093,045,000 | $390,566 |