First Home Mortgage Corporation Rates, Fees & Info
LUTHERVILLE TIMONIUM, MDLEI: 549300GPO6DWUZR4UY30
Tax ID: 52-1696740
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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, Richmond, and Charleston among others. We have data for 88 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.68% | 12/17/24 |
| 30 Year Conventional Refi | 6.66% | 12/17/24 |
| 30 Year Cash-out Refi | 6.89% | 12/17/24 |
| 30 Year FHA Purchase | 7.74% | 12/17/24 |
| 30 Year FHA Refi | 7.41% | 12/17/24 |
| 30 Year VA Purchase | 6.31% | 12/17/24 |
| 30 Year VA Refi | 6.10% | 12/17/24 |
| 30 Year USDA Purchase | 6.55% | 12/17/24 |
| 30 Year USDA Refi | 6.69% | 12/17/24 |
| 15 Year Conventional Purchase | 5.74% | 12/17/24 |
| 15 Year Conventional Refi | 5.98% | 12/17/24 |
| 15 Year Cash-out Refi | 5.98% | 12/17/24 |
| 15 Year FHA Refi | 6.47% | 12/17/24 |
| 15 Year VA Purchase | 5.85% | 12/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
7,420Origination Dollar Volume (All Markets)
$2,867,800,000Awards
FIRST HOME MORTGAGE CORPORATION - 2022
FIRST HOME MORTGAGE CORPORATION 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2,633 | $1,203,355,000 | $457,028 | $10,869 | 4.83% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2,724 | $977,720,000 | $358,928 | $9,777 | 5.02% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 349 | $122,105,000 | $349,871 | $9,414 | 4.71% |
| RICHMOND, VA (FHA|USDA|VA) | 164 | $54,440,000 | $331,951 | $6,629 | 5.26% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 115 | $53,205,000 | $462,652 | $7,868 | 4.84% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 127 | $48,795,000 | $384,213 | $10,435 | 4.52% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 139 | $44,955,000 | $323,417 | $10,041 | 4.70% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 172 | $44,370,000 | $257,965 | $8,374 | 4.74% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 163 | $43,385,000 | $266,166 | $7,834 | 5.01% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 110 | $41,820,000 | $380,182 | $6,640 | 5.23% |
| Outside of Metro Areas | 108 | $29,190,000 | $270,278 | $7,833 | 5.03% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 68 | $27,820,000 | $409,118 | $6,884 | 4.90% |
| Easton, MD (FHA|USDA|VA) | 67 | $24,715,000 | $368,881 | $8,336 | 4.89% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 49 | $14,315,000 | $292,143 | $11,014 | 5.18% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 52 | $14,270,000 | $274,423 | $9,397 | 4.81% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 34 | $12,390,000 | $364,412 | $9,950 | 5.34% |
| Cambridge, MD (FHA|USDA|VA) | 40 | $10,070,000 | $251,750 | $8,204 | 4.76% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 23 | $9,435,000 | $410,217 | $9,719 | 5.18% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 21 | $7,495,000 | $356,905 | $6,043 | 5.78% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 15 | $6,765,000 | $451,000 | $10,159 | 4.33% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 27 | $6,395,000 | $236,852 | $9,853 | 4.25% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 5 | $6,185,000 | $1,237,000 | $17,865 | 4.07% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 14 | $4,980,000 | $355,714 | $8,835 | 4.48% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 23 | $4,975,000 | $216,304 | $7,126 | 5.04% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 11 | $4,555,000 | $414,091 | $11,753 | 5.37% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 8 | $3,650,000 | $456,250 | $8,231 | 4.83% |
| GETTYSBURG, PA (FHA|USDA|VA) | 13 | $3,405,000 | $261,923 | $9,007 | 5.20% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $3,015,000 | $430,714 | $9,486 | 5.30% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $2,955,000 | $422,143 | $6,964 | 4.44% |
| DOVER, DE (FHA|USDA|VA) | 10 | $2,770,000 | $277,000 | $10,520 | 4.67% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 9 | $2,555,000 | $283,889 | $7,014 | 5.77% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,745,000 | $349,000 | $7,940 | 4.30% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 7 | $1,645,000 | $235,000 | $8,281 | 4.98% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 4 | $1,570,000 | $392,500 | $7,298 | 4.81% |
| ASHEVILLE, NC (FHA|USDA|VA) | 3 | $1,515,000 | $505,000 | $5,222 | 5.12% |
| PITTSBURGH, PA (FHA|USDA|VA) | 6 | $1,500,000 | $250,000 | $6,710 | 5.29% |
| COLUMBIA, SC (FHA|USDA|VA) | 5 | $1,425,000 | $285,000 | $7,828 | 4.87% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $6,613 | 5.66% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $11,121 | 5.37% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $16,421 | 4.69% |
| MORGANTOWN, WV (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $7,343 | 4.25% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $23,340 | 4.63% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $5,494 | 5.12% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $19,980 | 4.93% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $10,904 | 6.63% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $12,532 | 5.62% |
| SUMTER, SC (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $5,599 | 5.33% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $8,957 | 5.21% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $11,347 | 3.13% |
| HARRISONBURG, VA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $3,046 | 4.25% |
| Forest City, NC (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $4,345 | 5.16% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 5 | $595,000 | $119,000 | $4,514 | 5.25% |
| Georgetown, SC (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $4,924 | 3.81% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $7,991 | 4.94% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $12,051 | 4.44% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $7,442 | 4.99% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,901 | 6.74% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,337 | 4.75% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,923 | 4.13% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $9,149 | 3.88% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,570 | 4.56% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $7,311 | 5.25% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,567 | 3.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $9,904 | 5.75% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,623 | 4.00% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,921 | 4.75% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,803 | 4.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,079 | 5.88% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $13,196 | 4.63% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,508 | 6.49% |
| Fairmont, WV (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,154 | 4.00% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $10,315 | 5.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,718 | 3.38% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,058 | 3.50% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $10,514 | 4.75% |
| Boone, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,794 | 6.88% |
| Wauchula, FL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $6,164 | 7.13% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $11,267 | 5.75% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,734 | 5.50% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,919 | 5.49% |
| OCALA, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,314 | 5.49% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $5,216 | 4.94% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,449 | 3.63% |
| Wilson, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,736 | 5.88% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,211 | 6.49% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,884 | 4.25% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,693 | 5.99% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,287 | 4.88% |
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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.
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Product Mix
For 2022, First Home Mortgage Corporation's most frequently originated type of loan was Conventional, with 5,287 originations. Their 2nd most popular type was FHA, with 1,100 originations.
Loan Reason
For 2022, First Home Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 6,608 originations. The 2nd most popular reason was Cash Out Refi, with 439 originations.
Loan Duration/Length
For 2022, First Home Mortgage Corporation's most frequently cited loan duration was 30 Year, with 7,097 originations. The 2nd most popular length was 15 Year, with 237 originations.
Origination Fees/Closing Costs
First Home Mortgage Corporation's average total fees were $9,988, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 2,656 originations.
Interest Rates
During 2022, First Home Mortgage Corporation's average interest rate for loans was 4.97%, while their most frequently originated rate bucket for loans was 5-6%, with 2,182 originations.
Loan Sizing
2022 saw First Home Mortgage Corporation place emphasis on $200k-400k loans with 3,656 originations, totaling $1,098,250,000 in origination value.
Applicant Income
First Home Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 2,005 originations. The second most popular income band? $150k-250k, with 1,474 originations.
Applicant Debt to Income Ratio
First Home Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 1,292 originations. The next most common DTI ratio? 20-30%, with 1,199 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.77%
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 origination79.58%
First Home Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 7,420 | $2,867,800,000 | $386,496 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7,420 | $2,867,800,000 | $386,496 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST GUARANTY MORTGAGE CORP | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |