Keller Mortgage Llc

DUBLIN, OH 43016

LEI: 549300GUS13Z72B6KD63

Tax ID: 20-2470783

2019 Data | 2018 Data


Overview

Keller Mortgage Llc is a small mortgage company specializing in Home Purchase loans. Keller Mortgage Llc 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 Dallas, Houston, Minneapolis, Austin, and Atlanta among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Keller Mortgage Llc is typically a low fee lendor.


Originations

11,554

Origination Dollar Volume (All Markets)

$2,972,520,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 8,915 $2,326,045,000 $260,914
FHA 1,618 $368,680,000 $227,862
VA 940 $263,220,000 $280,021
USDA 81 $14,575,000 $179,938

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 10,157 $2,578,305,000 $253,845
Home Improvement 1 $245,000 $245,000
Refi 858 $252,610,000 $294,417
Cash Out Refi 538 $141,360,000 $262,751

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
Outside of Metro Areas 704 $161,620,000 $229,574
DALLAS-PLANO-IRVING, TX 590 $159,330,000 $270,051
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 507 $129,495,000 $255,414
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 474 $123,290,000 $260,105
AUSTIN-ROUND ROCK-GEORGETOWN, TX 409 $120,195,000 $293,875
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 432 $115,300,000 $266,898
FORT WORTH-ARLINGTON-GRAPEVINE, TX 474 $114,190,000 $240,907
PHOENIX-MESA-CHANDLER, AZ 297 $78,055,000 $262,811
DENVER-AURORA-LAKEWOOD, CO 198 $68,210,000 $344,495
LAS VEGAS-HENDERSON-PARADISE, NV 230 $62,880,000 $273,391
TAMPA-ST. PETERSBURG-CLEARWATER, FL 229 $54,165,000 $236,528
SEATTLE-BELLEVUE-KENT, WA 123 $52,595,000 $427,602
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 119 $39,775,000 $334,244
CHARLOTTE-CONCORD-GASTONIA, NC-SC 149 $39,485,000 $265,000
COLUMBUS, OH 155 $39,145,000 $252,548
SAN ANTONIO-NEW BRAUNFELS, TX 145 $35,275,000 $243,276
ORLANDO-KISSIMMEE-SANFORD, FL 126 $32,570,000 $258,492
BOISE CITY, ID 118 $32,360,000 $274,237
TACOMA-LAKEWOOD, WA 97 $32,065,000 $330,567
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 107 $30,855,000 $288,364
INDIANAPOLIS-CARMEL-ANDERSON, IN 154 $30,660,000 $199,091
ST. LOUIS, MO-IL 133 $29,665,000 $223,045
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 126 $29,090,000 $230,873
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 68 $25,820,000 $379,706
GREENVILLE-ANDERSON, SC 115 $24,655,000 $214,391
WARREN-TROY-FARMINGTON HILLS, MI 104 $22,750,000 $218,750
SACRAMENTO-ROSEVILLE-FOLSOM, CA 60 $21,890,000 $364,833
KANSAS CITY, MO-KS 102 $21,730,000 $213,039
LOS ANGELES-LONG BEACH-GLENDALE, CA 49 $20,785,000 $424,184
BIRMINGHAM-HOOVER, AL 91 $20,615,000 $226,538
SIOUX FALLS, SD 90 $20,470,000 $227,444
HUNTSVILLE, AL 85 $19,895,000 $234,059
CHICAGO-NAPERVILLE-EVANSTON, IL 72 $19,510,000 $270,972
GREENSBORO-HIGH POINT, NC 83 $19,495,000 $234,880
WINSTON-SALEM, NC 99 $18,985,000 $191,768
CLEVELAND-ELYRIA, OH 95 $18,705,000 $196,895
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 54 $17,530,000 $324,630
COLORADO SPRINGS, CO 61 $17,505,000 $286,967
RALEIGH-CARY, NC 59 $17,025,000 $288,559
GRAND RAPIDS-KENTWOOD, MI 71 $16,415,000 $231,197
PENSACOLA-FERRY PASS-BRENT, FL 68 $16,000,000 $235,294
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 44 $15,850,000 $360,227
CHATTANOOGA, TN-GA 65 $15,115,000 $232,538
MIAMI-MIAMI BEACH-KENDALL, FL 50 $14,620,000 $292,400
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 43 $13,345,000 $310,349
PROVO-OREM, UT 38 $13,130,000 $345,526
OAKLAND-BERKELEY-LIVERMORE, CA 28 $13,060,000 $466,429
HILTON HEAD ISLAND-BLUFFTON, SC 51 $12,665,000 $248,333
MIDLAND, TX 44 $12,460,000 $283,182
FORT COLLINS, CO 38 $12,430,000 $327,105
FRESNO, CA 42 $12,220,000 $290,952
OGDEN-CLEARFIELD, UT 48 $12,000,000 $250,000
OXNARD-THOUSAND OAKS-VENTURA, CA 25 $11,765,000 $470,600
BALTIMORE-COLUMBIA-TOWSON, MD 41 $11,675,000 $284,756
ALBUQUERQUE, NM 51 $11,575,000 $226,961
SALT LAKE CITY, UT 37 $11,465,000 $309,865
COEUR D'ALENE, ID 42 $11,410,000 $271,667
WICHITA, KS 60 $11,100,000 $185,000
NORTH PORT-SARASOTA-BRADENTON, FL 46 $11,070,000 $240,652
GAINESVILLE, GA 41 $11,045,000 $269,390
DURHAM-CHAPEL HILL, NC 34 $10,900,000 $320,588
WORCESTER, MA-CT 37 $10,885,000 $294,189
IDAHO FALLS, ID 46 $10,840,000 $235,652
OLYMPIA-LACEY-TUMWATER, WA 34 $10,650,000 $313,235
CHICO, CA 43 $10,535,000 $245,000
LAKELAND-WINTER HAVEN, FL 50 $10,490,000 $209,800
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 42 $10,470,000 $249,286
SPARTANBURG, SC 51 $10,145,000 $198,922
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 45 $10,025,000 $222,778
CINCINNATI, OH-KY-IN 46 $9,590,000 $208,478
OKLAHOMA CITY, OK 44 $9,420,000 $214,091
JACKSONVILLE, FL 37 $9,415,000 $254,459
RENO, NV 26 $9,340,000 $359,231
CAPE CORAL-FORT MYERS, FL 37 $9,045,000 $244,459
ST. GEORGE, UT 30 $8,840,000 $294,667
COLUMBUS, GA-AL 38 $8,760,000 $230,526
OMAHA-COUNCIL BLUFFS, NE-IA 36 $8,610,000 $239,167
DAYTON-KETTERING, OH 42 $8,600,000 $204,762
PALM BAY-MELBOURNE-TITUSVILLE, FL 36 $8,050,000 $223,611
EUGENE-SPRINGFIELD, OR 29 $7,975,000 $275,000
SPOKANE-SPOKANE VALLEY, WA 27 $7,865,000 $291,296
BOSTON, MA 20 $7,820,000 $391,000
MEMPHIS, TN-MS-AR 31 $7,675,000 $247,581
ANCHORAGE, AK 25 $7,545,000 $301,800
KNOXVILLE, TN 37 $7,395,000 $199,865
PANAMA CITY, FL 28 $7,290,000 $260,357
LOUISVILLE/JEFFERSON COUNTY, KY-IN 34 $7,270,000 $213,824
LEXINGTON-FAYETTE, KY 28 $6,950,000 $248,214
AUGUSTA-RICHMOND COUNTY, GA-SC 31 $6,875,000 $221,774
COLLEGE STATION-BRYAN, TX 33 $6,555,000 $198,636
ALBANY-LEBANON, OR 25 $6,435,000 $257,400
ANAHEIM-SANTA ANA-IRVINE, CA 15 $6,385,000 $425,667
SAVANNAH, GA 30 $6,340,000 $211,333
ASHEVILLE, NC 28 $6,290,000 $224,643
SPRINGFIELD, MA 26 $6,270,000 $241,154
NEW BRUNSWICK-LAKEWOOD, NJ 22 $6,060,000 $275,455
TULSA, OK 26 $6,020,000 $231,538
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 14 $5,970,000 $426,429
OCALA, FL 36 $5,970,000 $165,833
PUEBLO, CO 25 $5,925,000 $237,000
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 24 $5,920,000 $246,667
BEND, OR 20 $5,910,000 $295,500
BAKERSFIELD, CA 23 $5,775,000 $251,087
SPRINGFIELD, MO 31 $5,665,000 $182,742
NEWARK, NJ-PA 19 $5,635,000 $296,579
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 21 $5,565,000 $265,000
EL PASO, TX 26 $5,520,000 $212,308
SANTA FE, NM 19 $5,505,000 $289,737
TALLAHASSEE, FL 24 $5,480,000 $228,333
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 8 $5,430,000 $678,750
LANCASTER, PA 25 $5,405,000 $216,200
GREELEY, CO 18 $5,400,000 $300,000
STOCKTON, CA 17 $5,365,000 $315,588
WENATCHEE, WA 16 $5,160,000 $322,500
MISSOULA, MT 19 $5,125,000 $269,737
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 18 $5,050,000 $280,556
COLUMBIA, SC 26 $4,920,000 $189,231
BURLINGTON, NC 23 $4,915,000 $213,696
TUCSON, AZ 24 $4,800,000 $200,000
CLARKSVILLE, TN-KY 23 $4,645,000 $201,957
BATON ROUGE, LA 18 $4,610,000 $256,111
HARRISBURG-CARLISLE, PA 21 $4,605,000 $219,286
LAKE COUNTY-KENOSHA COUNTY, IL-WI 17 $4,565,000 $268,529
TWIN FALLS, ID 21 $4,505,000 $214,524
BOULDER, CO 12 $4,420,000 $368,333
EAU CLAIRE, WI 22 $4,400,000 $200,000
LANSING-EAST LANSING, MI 24 $4,230,000 $176,250
DES MOINES-WEST DES MOINES, IA 18 $4,140,000 $230,000
GAINESVILLE, FL 22 $4,110,000 $186,818
LAFAYETTE-WEST LAFAYETTE, IN 21 $4,105,000 $195,476
MCALLEN-EDINBURG-MISSION, TX 21 $4,015,000 $191,190
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 13 $4,015,000 $308,846
AMARILLO, TX 20 $3,960,000 $198,000
LUBBOCK, TX 20 $3,950,000 $197,500
NAPLES-MARCO ISLAND, FL 15 $3,805,000 $253,667
PROVIDENCE-WARWICK, RI-MA 13 $3,805,000 $292,692
SALEM, OR 16 $3,690,000 $230,625
BRIDGEPORT-STAMFORD-NORWALK, CT 12 $3,610,000 $300,833
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 12 $3,580,000 $298,333
SANTA ROSA-PETALUMA, CA 8 $3,580,000 $447,500
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 15 $3,545,000 $236,333
HANFORD-CORCORAN, CA 14 $3,470,000 $247,857
PUNTA GORDA, FL 17 $3,455,000 $203,235
NEW ORLEANS-METAIRIE, LA 13 $3,325,000 $255,769
WILMINGTON, NC 11 $3,305,000 $300,455
CORVALLIS, OR 10 $3,280,000 $328,000
KILLEEN-TEMPLE, TX 15 $3,275,000 $218,333
KAHULUI-WAILUKU-LAHAINA, HI 7 $3,265,000 $466,429
MADISON, WI 12 $3,240,000 $270,000
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 13 $3,235,000 $248,846
BILLINGS, MT 14 $3,230,000 $230,714
VALLEJO, CA 8 $3,200,000 $400,000
HICKORY-LENOIR-MORGANTON, NC 11 $3,165,000 $287,727
LYNCHBURG, VA 11 $3,145,000 $285,909
BURLINGTON-SOUTH BURLINGTON, VT 13 $3,055,000 $235,000
DETROIT-DEARBORN-LIVONIA, MI 14 $3,020,000 $215,714
CHARLESTON-NORTH CHARLESTON, SC 12 $2,970,000 $247,500
ELGIN, IL 14 $2,960,000 $211,429
PRESCOTT VALLEY-PRESCOTT, AZ 12 $2,950,000 $245,833
FORT SMITH, AR-OK 17 $2,945,000 $173,235
LAS CRUCES, NM 14 $2,940,000 $210,000
CHAMPAIGN-URBANA, IL 16 $2,890,000 $180,625
LINCOLN, NE 11 $2,865,000 $260,455
GARY, IN 13 $2,845,000 $218,846
HOMOSASSA SPRINGS, FL 18 $2,840,000 $157,778
YAKIMA, WA 10 $2,830,000 $283,000
CHAMBERSBURG-WAYNESBORO, PA 12 $2,810,000 $234,167
YORK-HANOVER, PA 14 $2,720,000 $194,286
MILWAUKEE-WAUKESHA, WI 11 $2,715,000 $246,818
JOHNSON CITY, TN 15 $2,715,000 $181,000
TYLER, TX 14 $2,700,000 $192,857
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 13 $2,605,000 $200,385
CORPUS CHRISTI, TX 12 $2,560,000 $213,333
TUSCALOOSA, AL 12 $2,540,000 $211,667
ODESSA, TX 12 $2,490,000 $207,500
SALISBURY, MD-DE 8 $2,490,000 $311,250
PORTLAND-SOUTH PORTLAND, ME 9 $2,445,000 $271,667
MEDFORD, OR 8 $2,410,000 $301,250
RAPID CITY, SD 10 $2,410,000 $241,000
WILMINGTON, DE-MD-NJ 8 $2,380,000 $297,500
YUMA, AZ 11 $2,345,000 $213,182
NEW BERN, NC 12 $2,330,000 $194,167
JOPLIN, MO 11 $2,285,000 $207,727
MODESTO, CA 7 $2,165,000 $309,286
GREAT FALLS, MT 10 $2,160,000 $216,000
DOVER, DE 8 $2,150,000 $268,750
DAPHNE-FAIRHOPE-FOLEY, AL 8 $2,150,000 $268,750
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 9 $2,135,000 $237,222
FARMINGTON, NM 10 $2,080,000 $208,000
CAMDEN, NJ 7 $2,065,000 $295,000
ANN ARBOR, MI 9 $2,045,000 $227,222
ST. CLOUD, MN 10 $2,040,000 $204,000
TOPEKA, KS 11 $2,035,000 $185,000
AUBURN-OPELIKA, AL 10 $2,000,000 $200,000
MOBILE, AL 9 $1,985,000 $220,556
SHREVEPORT-BOSSIER CITY, LA 10 $1,970,000 $197,000
APPLETON, WI 9 $1,935,000 $215,000
WACO, TX 11 $1,895,000 $172,273
FAYETTEVILLE, NC 10 $1,890,000 $189,000
NEW HAVEN-MILFORD, CT 8 $1,820,000 $227,500
LAKE HAVASU CITY-KINGMAN, AZ 8 $1,820,000 $227,500
LIMA, OH 12 $1,810,000 $150,833
BREMERTON-SILVERDALE-PORT ORCHARD, WA 6 $1,760,000 $293,333
SAN ANGELO, TX 9 $1,725,000 $191,667
MANCHESTER-NASHUA, NH 6 $1,700,000 $283,333
JACKSON, MS 8 $1,700,000 $212,500
WARNER ROBINS, GA 9 $1,695,000 $188,333
AKRON, OH 13 $1,655,000 $127,308
GRAND JUNCTION, CO 7 $1,645,000 $235,000
HAGERSTOWN-MARTINSBURG, MD-WV 8 $1,640,000 $205,000
THE VILLAGES, FL 8 $1,620,000 $202,500
SHERMAN-DENISON, TX 6 $1,620,000 $270,000
HOUMA-THIBODAUX, LA 7 $1,585,000 $226,429
FLINT, MI 8 $1,570,000 $196,250
DUBUQUE, IA 5 $1,465,000 $293,000
BEAUMONT-PORT ARTHUR, TX 9 $1,435,000 $159,444
MOUNT VERNON-ANACORTES, WA 5 $1,395,000 $279,000
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 4 $1,350,000 $337,500
KINGSPORT-BRISTOL, TN-VA 7 $1,345,000 $192,143
BRUNSWICK, GA 4 $1,330,000 $332,500
LAWRENCE, KS 5 $1,325,000 $265,000
SEBASTIAN-VERO BEACH, FL 7 $1,305,000 $186,429
JACKSONVILLE, NC 6 $1,270,000 $211,667
ROCHESTER, MN 5 $1,255,000 $251,000
KALAMAZOO-PORTAGE, MI 5 $1,215,000 $243,000
TRENTON-PRINCETON, NJ 6 $1,200,000 $200,000
DECATUR, AL 5 $1,035,000 $207,000
RICHMOND, VA 3 $1,035,000 $345,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 4 $1,030,000 $257,500
NORWICH-NEW LONDON, CT 4 $1,030,000 $257,500
CHARLOTTESVILLE, VA 3 $1,005,000 $335,000
MADERA, CA 4 $1,000,000 $250,000
CEDAR RAPIDS, IA 5 $995,000 $199,000
WINCHESTER, VA-WV 4 $980,000 $245,000
POCATELLO, ID 3 $975,000 $325,000
ABILENE, TX 7 $955,000 $136,429
NAPA, CA 2 $950,000 $475,000
ATLANTIC CITY-HAMMONTON, NJ 4 $950,000 $237,500
ATHENS-CLARKE COUNTY, GA 4 $940,000 $235,000
GULFPORT-BILOXI, MS 5 $915,000 $183,000
BROWNSVILLE-HARLINGEN, TX 4 $910,000 $227,500
SIOUX CITY, IA-NE-SD 4 $900,000 $225,000
BANGOR, ME 4 $890,000 $222,500
STATE COLLEGE, PA 4 $880,000 $220,000
LAFAYETTE, LA 4 $870,000 $217,500
BLOOMINGTON, IL 4 $860,000 $215,000
HAMMOND, LA 4 $860,000 $215,000
PHILADELPHIA, PA 4 $830,000 $207,500
GREEN BAY, WI 4 $810,000 $202,500
CLEVELAND, TN 3 $775,000 $258,333
MONTGOMERY, AL 4 $760,000 $190,000
DOTHAN, AL 3 $755,000 $251,667
OWENSBORO, KY 6 $750,000 $125,000
BARNSTABLE TOWN, MA 3 $745,000 $248,333
LONGVIEW, WA 3 $705,000 $235,000
SPRINGFIELD, OH 4 $700,000 $175,000
DALTON, GA 3 $695,000 $231,667
PORT ST. LUCIE, FL 4 $690,000 $172,500
PITTSBURGH, PA 3 $675,000 $225,000
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 1 $665,000 $665,000
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 3 $635,000 $211,667
FORT WAYNE, IN 4 $610,000 $152,500
READING, PA 3 $605,000 $201,667
SEBRING-AVON PARK, FL 4 $600,000 $150,000
GREENVILLE, NC 4 $600,000 $150,000
ST. JOSEPH, MO-KS 4 $590,000 $147,500
SIERRA VISTA-DOUGLAS, AZ 2 $520,000 $260,000
PITTSFIELD, MA 2 $520,000 $260,000
VISALIA, CA 3 $505,000 $168,333
COLUMBIA, MO 2 $500,000 $250,000
ROCKY MOUNT, NC 4 $490,000 $122,500
KENNEWICK-RICHLAND, WA 2 $480,000 $240,000
BELLINGHAM, WA 2 $470,000 $235,000
CHEYENNE, WY 2 $450,000 $225,000
ELIZABETHTOWN-FORT KNOX, KY 2 $440,000 $220,000
LEWISTON-AUBURN, ME 3 $435,000 $145,000
ANNISTON-OXFORD, AL 2 $430,000 $215,000
DULUTH, MN-WI 2 $430,000 $215,000
GRANTS PASS, OR 2 $430,000 $215,000
CANTON-MASSILLON, OH 2 $420,000 $210,000
BATTLE CREEK, MI 2 $410,000 $205,000
GADSDEN, AL 2 $410,000 $205,000
MIDLAND, MI 2 $410,000 $205,000
SALINAS, CA 1 $405,000 $405,000
FARGO, ND-MN 1 $395,000 $395,000
GRAND FORKS, ND-MN 2 $390,000 $195,000
LEBANON, PA 2 $340,000 $170,000
LOGAN, UT-ID 1 $335,000 $335,000
TOLEDO, OH 2 $330,000 $165,000
MONROE, LA 1 $305,000 $305,000
YUBA CITY, CA 1 $305,000 $305,000
OSHKOSH-NEENAH, WI 2 $300,000 $150,000
EVANSVILLE, IN-KY 2 $290,000 $145,000
GETTYSBURG, PA 2 $290,000 $145,000
MICHIGAN CITY-LA PORTE, IN 1 $285,000 $285,000
LA CROSSE-ONALASKA, WI-MN 2 $280,000 $140,000
WICHITA FALLS, TX 2 $280,000 $140,000
MERCED, CA 1 $275,000 $275,000
ROANOKE, VA 1 $265,000 $265,000
ENID, OK 1 $265,000 $265,000
LAKE CHARLES, LA 1 $235,000 $235,000
MANKATO, MN 1 $205,000 $205,000
RACINE, WI 1 $205,000 $205,000
CALIFORNIA-LEXINGTON PARK, MD 1 $205,000 $205,000
JANESVILLE-BELOIT, WI 2 $200,000 $100,000
JACKSON, MI 1 $195,000 $195,000
PEORIA, IL 1 $185,000 $185,000
HOT SPRINGS, AR 1 $185,000 $185,000
JEFFERSON CITY, MO 1 $175,000 $175,000
URBAN HONOLULU, HI 1 $165,000 $165,000
BOWLING GREEN, KY 1 $165,000 $165,000
IOWA CITY, IA 1 $165,000 $165,000
ERIE, PA 1 $165,000 $165,000
LONGVIEW, TX 1 $165,000 $165,000
EAST STROUDSBURG, PA 1 $165,000 $165,000
BLACKSBURG-CHRISTIANSBURG, VA 1 $155,000 $155,000
MORRISTOWN, TN 1 $155,000 $155,000
HINESVILLE, GA 1 $155,000 $155,000
MUSKEGON, MI 1 $125,000 $125,000
ALEXANDRIA, LA 1 $115,000 $115,000
MACON-BIBB COUNTY, GA 1 $115,000 $115,000
MONROE, MI 1 $95,000 $95,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
2.5-3% 54 $15,780,000 $292,222
3-4% 6,866 $1,881,070,000 $273,969
4-5% 4,296 $1,016,020,000 $236,504
5-6% 326 $58,170,000 $178,436
6-7% 12 $1,480,000 $123,333

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 286 $24,070,000 $84,161
$100k-200k 3,470 $563,350,000 $162,349
$200k-400k 6,733 $1,860,285,000 $276,294
$400k-600k 949 $436,705,000 $460,174
$600k-1000k 106 $76,330,000 $720,094
$Over $1MM 10 $11,780,000 $1,178,000

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 149 $24,625,000 $165,268
40-60% 579 $133,165,000 $229,991
60-80% 2,940 $780,510,000 $265,480
80-100% 7,567 $1,942,575,000 $256,717
Over 100% 279 $82,065,000 $294,140
Under 20% 6 $1,380,000 $230,000

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 3,084 $883,940,000 $286,621
$150k-250k 1,601 $534,865,000 $334,082
$50k-75k 2,755 $577,365,000 $209,570
$50k-or less 1,191 $197,545,000 $165,865
$75k-100k 2,519 $618,745,000 $245,631
$Over $250k 395 $157,735,000 $399,329

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 9,313 $2,380,385,000 $255,598
Not provided 1,164 $312,040,000 $268,076
Black 500 $125,030,000 $250,060
Asian 400 $111,440,000 $278,600
American Indian 114 $26,390,000 $231,491
Asian Indian 20 $5,310,000 $265,500
Native Hawaiian 10 $2,850,000 $285,000
Chinese 10 $2,830,000 $283,000
Other Asian 8 $2,370,000 $296,250
Vietnamese 4 $1,240,000 $310,000
Korean 4 $810,000 $202,500
Japanese 2 $620,000 $310,000
Filipino 3 $605,000 $201,667
Other Pacific Islander 2 $600,000 $300,000

Approval Rates

Total approvals of all applications
97.55%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
68.32%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
NA 11,554 $2,972,520,000 $257,272

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 10,237 $2,615,825,000 $255,527
$1k-2k 757 $200,265,000 $264,551
$2k-3k 302 $78,220,000 $259,007
$3k-4k 178 $49,950,000 $280,618
$5k+ 66 $24,730,000 $374,697

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Site-Built 11,554 $2,972,520,000 $257,272