First Home Mortgage Corporation Rates, Fees & Info

LUTHERVILLE TIMONIUM, MD

LEI: 549300GPO6DWUZR4UY30

Tax ID: 52-1696740

2.7 stars - out of 5 stars, based on 124 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

First Home Mortgage Corporation is a mid-sized mortgage company specializing in Home Purchase and Refi 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 include Washington, Baltimore, California, Salisbury, and Providence among others. First Home Mortgage Corporation 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. First Home Mortgage Corporation is typically a high fee lendor.


Originations

15,382

Origination Dollar Volume (All Markets)

$5,681,740,000
Show all (5) awards

Relative Rate

First Home Mortgage Corporation's average 30 year fixed rate mortgage of loans were 3.09%.

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

This yields a difference of -0.06%.

Relative Fees

First Home Mortgage Corporation's average total fees for a 30 year fixed rate mortgage are $7,205.

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
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 5,867 $2,577,525,000 $439,326 $7,451 3.00%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 5,368 $1,860,080,000 $346,513 $7,038 3.07%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 745 $251,015,000 $336,933 $6,579 2.92%
SALISBURY, MD-DE (FHA|USDA|VA) 534 $139,560,000 $261,348 $5,111 3.15%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 414 $118,540,000 $286,329 $6,284 3.09%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 317 $117,425,000 $370,426 $4,986 3.09%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 308 $111,060,000 $360,584 $6,622 3.04%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 316 $76,690,000 $242,690 $5,484 3.11%
Easton, MD (FHA|USDA|VA) 188 $63,610,000 $338,351 $4,985 3.01%
Outside of Metro Areas 236 $60,880,000 $257,966 $5,684 3.06%
RICHMOND, VA (FHA|USDA|VA) 198 $58,070,000 $293,283 $5,217 3.03%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 91 $24,645,000 $270,824 $6,483 3.04%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 91 $21,075,000 $231,593 $5,650 3.10%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 45 $14,885,000 $330,778 $6,095 3.02%
YORK-HANOVER, PA (FHA|USDA|VA) 55 $14,455,000 $262,818 $7,355 3.09%
RALEIGH-CARY, NC (FHA|USDA|VA) 34 $13,340,000 $392,353 $4,721 2.91%
Cambridge, MD (FHA|USDA|VA) 61 $13,265,000 $217,459 $5,311 3.13%
DOVER, DE (FHA|USDA|VA) 39 $11,265,000 $288,846 $7,508 3.01%
WORCESTER, MA-CT (FHA|USDA|VA) 41 $10,845,000 $264,512 $6,767 3.05%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 34 $8,350,000 $245,588 $4,040 3.19%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 23 $7,835,000 $340,652 $6,515 3.10%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 33 $6,695,000 $202,879 $5,826 3.11%
GETTYSBURG, PA (FHA|USDA|VA) 24 $6,170,000 $257,083 $6,850 3.04%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 20 $5,970,000 $298,500 $3,646 3.13%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 12 $4,700,000 $391,667 $7,227 3.07%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 16 $4,520,000 $282,500 $5,203 3.29%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 10 $3,990,000 $399,000 $6,797 3.24%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 11 $3,475,000 $315,909 $5,412 3.06%
WINCHESTER, VA-WV (FHA|USDA|VA) 12 $3,250,000 $270,833 $5,906 2.99%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 11 $3,055,000 $277,727 $7,189 2.99%
WILMINGTON, NC (FHA|USDA|VA) 9 $3,015,000 $335,000 $4,484 3.26%
Key West, FL (FHA|USDA|VA) 3 $2,775,000 $925,000 $14,201 3.04%
ASHEVILLE, NC (FHA|USDA|VA) 8 $2,740,000 $342,500 $3,647 2.97%
Boone, NC (FHA|USDA|VA) 10 $2,730,000 $273,000 $4,561 3.11%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $2,695,000 $539,000 $9,567 2.93%
Georgetown, SC (FHA|USDA|VA) 5 $2,535,000 $507,000 $5,699 3.13%
JACKSONVILLE, FL (FHA|USDA|VA) 9 $2,415,000 $268,333 $5,855 2.90%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 9 $2,215,000 $246,111 $5,985 2.89%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 7 $2,045,000 $292,143 $4,331 2.73%
CUMBERLAND, MD-WV (FHA|USDA|VA) 12 $1,990,000 $165,833 $5,800 3.28%
PITTSBURGH, PA (FHA|USDA|VA) 11 $1,755,000 $159,545 $4,047 3.36%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $1,710,000 $285,000 $4,705 3.02%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 5 $1,685,000 $337,000 $6,309 3.23%
SPRINGFIELD, MA (FHA|USDA|VA) 6 $1,540,000 $256,667 $5,291 3.27%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,435,000 $287,000 $7,135 3.10%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $1,270,000 $317,500 $10,441 3.06%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 4 $1,210,000 $302,500 $8,911 2.91%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $1,115,000 $223,000 $6,735 3.78%
North Wilkesboro, NC (FHA|USDA|VA) 3 $1,105,000 $368,333 $3,314 3.33%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 4 $1,090,000 $272,500 $5,394 3.41%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $1,075,000 $358,333 $5,805 3.29%
LYNCHBURG, VA (FHA|USDA|VA) 4 $1,060,000 $265,000 $6,165 2.97%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $1,000,000 $500,000 $5,934 3.25%
HARRISONBURG, VA (FHA|USDA|VA) 5 $965,000 $193,000 $5,452 2.90%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 3 $955,000 $318,333 $6,713 2.83%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $810,000 $405,000 $5,746 2.94%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $805,000 $268,333 $6,610 3.08%
SAVANNAH, GA (FHA|USDA|VA) 2 $800,000 $400,000 $5,810 2.94%
ROANOKE, VA (FHA|USDA|VA) 3 $765,000 $255,000 $5,771 2.67%
STAUNTON, VA (FHA|USDA|VA) 3 $735,000 $245,000 $5,731 2.79%
WINSTON-SALEM, NC (FHA|USDA|VA) 3 $695,000 $231,667 $1,996 2.79%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $675,000 $675,000 $7,420 3.50%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $595,000 $198,333 $3,214 3.04%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $595,000 $198,333 $4,879 2.92%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $570,000 $285,000 $5,561 3.13%
READING, PA (FHA|USDA|VA) 2 $570,000 $285,000 $5,022 2.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $545,000 $545,000 $14,583 2.88%
BRUNSWICK, GA (FHA|USDA|VA) 1 $545,000 $545,000 $5,195 3.00%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $545,000 $545,000 $10,059 3.50%
COLUMBIA, SC (FHA|USDA|VA) 2 $540,000 $270,000 $7,039 3.19%
Lebanon, NH-VT (FHA|USDA|VA) 2 $530,000 $265,000 $4,540 3.19%
FAYETTEVILLE, NC (FHA|USDA|VA) 3 $505,000 $168,333 $3,826 3.50%
Vineyard Haven, MA (FHA|USDA|VA) 1 $505,000 $505,000 $6,377 2.88%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $500,000 $250,000 $6,227 3.56%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $495,000 $495,000 $3,658 2.13%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 2 $470,000 $235,000 $4,424 2.75%
NEW BERN, NC (FHA|USDA|VA) 2 $450,000 $225,000 $4,666 2.81%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 2 $430,000 $215,000 $3,950 3.25%
Forest City, NC (FHA|USDA|VA) 2 $420,000 $210,000 $3,331 3.00%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $405,000 $405,000 $8,205 2.88%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $395,000 $395,000 $3,661 3.75%
ALBANY, GA (FHA|USDA|VA) 1 $395,000 $395,000 $3,443 2.25%
MORRISTOWN, TN (FHA|USDA|VA) 1 $385,000 $385,000 $4,875 3.38%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $355,000 $355,000 $15,281 2.25%
FLORENCE, SC (FHA|USDA|VA) 2 $350,000 $175,000 $3,065 2.88%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 2 $350,000 $175,000 $5,495 3.06%
Cullowhee, NC (FHA|USDA|VA) 1 $295,000 $295,000 $5,002 3.63%
Elizabeth City, NC (FHA|USDA|VA) 1 $285,000 $285,000 $2,998 2.25%
Selinsgrove, PA (FHA|USDA|VA) 1 $275,000 $275,000 $9,865 2.75%
Big Stone Gap, VA (FHA|USDA|VA) 1 $275,000 $275,000 $8,686 3.25%
Lewisburg, PA (FHA|USDA|VA) 1 $255,000 $255,000 $9,635 2.50%
PANAMA CITY, FL (FHA|USDA|VA) 1 $255,000 $255,000 $11,684 3.00%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $255,000 $255,000 $2,690 2.63%
Laconia, NH (FHA|USDA|VA) 1 $255,000 $255,000 $6,473 4.00%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $215,000 $215,000 $7,304 3.00%
Sanford, NC (FHA|USDA|VA) 1 $205,000 $205,000 $3,387 3.63%
OCALA, FL (FHA|USDA|VA) 1 $205,000 $205,000 $7,630 2.63%
Brevard, NC (FHA|USDA|VA) 1 $195,000 $195,000 $2,896 3.25%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $185,000 $185,000 $6,109 3.25%
Orangeburg, SC (FHA|USDA|VA) 1 $175,000 $175,000 $6,414 3.63%
Somerset, PA (FHA|USDA|VA) 1 $175,000 $175,000 $6,646 3.50%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $175,000 $175,000 $6,500 2.88%
Meadville, PA (FHA|USDA|VA) 1 $165,000 $165,000 $9,856 3.50%
SPARTANBURG, SC (FHA|USDA|VA) 1 $155,000 $155,000 $3,519 3.38%
ERIE, PA (FHA|USDA|VA) 1 $145,000 $145,000 $7,107 3.25%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $135,000 $135,000 $5,387 3.13%
LANCASTER, PA (FHA|USDA|VA) 1 $135,000 $135,000 $3,890 3.38%
Morehead City, NC (FHA|USDA|VA) 1 $135,000 $135,000 $4,159 3.00%
Wilson, NC (FHA|USDA|VA) 1 $95,000 $95,000 $2,523 2.75%

First Home Mortgage Corporation's top markets include Washington, Baltimore, California, Salisbury, and Providence among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 11,063 $4,070,865,000 $367,971 $5,798 3.08%
FHA 2,127 $651,675,000 $306,382 $10,756 3.16%
VA 1,793 $852,205,000 $475,296 $9,422 2.67%
USDA 399 $106,995,000 $268,158 $7,082 2.93%

For the 2021 period, First Home Mortgage Corporation's most frequently originated loan type of loans were Conventional, with 11,063 originations. Their 2nd most popular type is FHA, with 2,127 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 9,347 $3,560,165,000 $380,889 $7,913 3.11%
Refi 4,447 $1,584,065,000 $356,210 $5,098 2.85%
Cash Out Refi 1,518 $520,040,000 $342,582 $6,318 3.12%
Other 37 $10,725,000 $289,865 $5,381 3.21%
Home Improvement 33 $6,745,000 $204,394 $4,585 3.18%

For the 2021, First Home Mortgage Corporation's most frequently cited loan purpose of loans were Home Purchase, with 9,347 originations. The 2nd most popular reason of loans were Refi, with 4,447 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 13,674 $5,187,570,000 $379,375 $7,205 3.09%
15 Year 1,148 $323,480,000 $281,777 $4,288 2.49%
20 Year 358 $113,380,000 $316,704 $4,540 2.87%
Other 108 $39,130,000 $362,315 $4,395 3.10%
10 Year 94 $18,180,000 $193,404 $3,078 2.47%

For the 2021, First Home Mortgage Corporation's most frequently cited loan length of loans were 30 Year, with 13,674 originations. The 2nd most popular length of loans were 15 Year, with 1,148 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 8,129 $2,848,435,000 $350,404
$3k-4k 2,162 $744,300,000 $344,265
$5k+ 1,904 $963,550,000 $506,066
$2k-3k 1,804 $527,230,000 $292,256
$<1k 1,383 $598,225,000 $432,556

$7,205 of loans were First Home Mortgage Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 8,129 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 6,781 $2,330,875,000 $343,736
2.5-3% 6,292 $2,501,770,000 $397,611
<2.5% 2,032 $783,140,000 $385,404
4-5% 266 $65,370,000 $245,752
5-6% 7 $155,000 $22,143
6-7% 2 $270,000 $135,000
7-8% 2 $160,000 $80,000

During 2021, First Home Mortgage Corporation's average interest rate of loans were 3.09%, while their most frequently originated rate bucket of loans were 3-4%, with 6,781 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 8,008 $2,375,750,000 $296,672 $6,091 3.06%
$400k-600k 3,637 $1,759,725,000 $483,840 $7,950 2.98%
$100k-200k 2,031 $327,935,000 $161,465 $4,635 3.16%
$600k-1MM 1,287 $940,555,000 $730,812 $10,679 2.93%
$100,000 or less 221 $12,705,000 $57,489 $3,001 2.82%
$1MM+ 198 $265,070,000 $1,338,737 $14,783 2.81%

2021 saw First Home Mortgage Corporation place emphasis on $200k-400k loans with 8,008 originations, totaling $2,375,750,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 3,678 $1,376,800,000 $374,334 $7,319 3.06%
$50k-75k 3,061 $783,875,000 $256,085 $6,238 3.11%
$150k-250k 2,877 $1,363,665,000 $473,989 $7,393 3.01%
$75k-100k 2,759 $873,585,000 $316,631 $6,678 3.08%
$250k+ 1,276 $805,290,000 $631,105 $7,980 2.95%
$50k or less 1,010 $189,250,000 $187,376 $5,723 3.13%

First Home Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 3,678 originations. The second most popular income band? $50k-75k, with 3,061 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 3,268 $1,231,190,000 $376,741 $6,227 3.01%
30-36% 2,827 $1,044,225,000 $369,376 $6,713 3.07%
<20% 1,140 $455,920,000 $399,930 $5,633 2.89%
50-60% 669 $251,115,000 $375,359 $11,036 2.99%
44% 642 $215,530,000 $335,717 $7,119 3.15%
42% 607 $221,765,000 $365,346 $7,052 3.13%
43% 603 $203,255,000 $337,073 $7,335 3.11%
41% 586 $207,540,000 $354,164 $7,128 3.13%
40% 584 $217,870,000 $373,065 $7,454 3.13%
38% 525 $189,575,000 $361,095 $6,680 3.12%
39% 522 $193,020,000 $369,770 $6,985 3.11%
37% 486 $176,520,000 $363,210 $6,779 3.10%
36% 472 $175,200,000 $371,186 $7,316 3.13%
45% 416 $146,160,000 $351,346 $7,566 3.09%
49% 368 $125,420,000 $340,815 $6,959 3.07%
48% 353 $125,205,000 $354,688 $7,734 3.14%
46% 331 $119,025,000 $359,592 $7,456 3.06%
47% 314 $109,390,000 $348,376 $8,083 3.11%
>60% 23 $15,265,000 $663,696 $17,589 2.73%

First Home Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 3,268 originations. The next most common DTI ratio? 30-36%, with 2,827 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 10,070 $3,758,990,000 $373,286 $6,542 3.01%
Black 2,707 $901,985,000 $333,205 $7,874 3.16%
Not provided 1,940 $758,930,000 $391,201 $7,508 3.02%
Asian 556 $219,690,000 $395,126 $6,204 3.00%
American Indian 66 $24,240,000 $367,273 $7,332 3.07%
Asian Indian 12 $7,580,000 $631,667 $7,466 3.09%
Native Hawaiian 14 $3,760,000 $268,571 $4,953 3.00%
Other Asian 7 $2,495,000 $356,429 $7,209 2.93%
Filipino 6 $2,400,000 $400,000 $7,366 3.06%
Vietnamese 1 $665,000 $665,000 $13,598 3.25%
Chinese 2 $660,000 $330,000 $4,478 3.81%
Other Pacific Islander 1 $345,000 $345,000 $8,875 3.75%

Approval Rates

Total approvals of all applications
97.35%

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 origination
82.86%

First Home Mortgage Corporation has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 15,382 $5,681,740,000 $369,376

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
15,382 $5,681,740,000 $369,376

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 319 $79,015,000 $247,696 $4,249 2.82%
40-60% 1,333 $444,645,000 $333,567 $4,832 2.86%
60-80% 4,310 $1,638,230,000 $380,100 $5,740 3.07%
80-100% 8,290 $3,057,600,000 $368,830 $7,620 3.12%
Over 100% 461 $223,385,000 $484,566 $17,395 2.80%
Under 20% 104 $5,150,000 $49,519 $1,251 2.10%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
FIRST HOME MORTGAGE CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 10.0%
FIRST HOME MORTGAGE CORPORATION Conventional home mortgage Closing on a mortgage 1 10.0%
FIRST HOME MORTGAGE CORPORATION Other type of mortgage Closing on a mortgage 1 10.0%
FIRST HOME MORTGAGE CORPORATION Conventional home mortgage Trouble during payment process 7 70.0%