First Alliance Home Mortgage Rates, Fees & Info
Cranford, NJLEI: 549300H12E7AUMUHP294
Tax ID: 20-1792214
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Mortgage Data
Review & Overview
First Alliance Home Mortgage is a smaller mortgage company specializing in Home Purchase loans. First Alliance Home Mortgage has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: New York, Miami, Washington, Harrisburg, and York among others. We have data for 105 markets. (Some data included below & more in-depth data is available with an active subscription.)First Alliance Home Mortgage 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 Alliance Home Mortgage 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.85% | 11/17/24 |
| 30 Year Conventional Purchase | 6.93% | 11/17/24 |
| 30 Year Conventional Refi | 6.77% | 11/17/24 |
| 30 Year FHA Purchase | 7.51% | 11/17/24 |
| 30 Year FHA Refi | 7.34% | 11/17/24 |
| 30 Year VA Purchase | 6.67% | 11/17/24 |
| 30 Year VA Refi | 7.02% | 11/17/24 |
| 30 Year USDA Purchase | 7.13% | 11/17/24 |
| 30 Year USDA Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.65% | 11/17/24 |
| 15 Year Conventional Refi | 5.74% | 11/17/24 |
| 15 Year Cash-out Refi | 5.74% | 11/17/24 |
| 15 Year FHA Refi | 5.68% | 11/17/24 |
| 15 Year VA Refi | 5.68% | 11/17/24 |
| 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 Alliance Home Mortgage Mortgage Calculator
Your Estimates
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This is not an official calculator from First Alliance Home Mortgage. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
659Origination Dollar Volume (All Markets)
$211,745,000Relative Rate
First Alliance Home Mortgage's average 30 year fixed mortgage rate was
6.78%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.3%.
Relative Fees (Closing Costs)
First Alliance Home Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $14,178.
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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 160 | $70,290,000 | $439,313 | $18,205 | 6.76% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 69 | $27,795,000 | $402,826 | $14,379 | 6.79% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 32 | $11,880,000 | $371,250 | $13,002 | 6.66% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 59 | $11,515,000 | $195,169 | $8,939 | 6.97% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 50 | $10,280,000 | $205,600 | $9,177 | 6.86% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 15 | $6,715,000 | $447,667 | $22,401 | 7.32% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 17 | $5,775,000 | $339,706 | $14,416 | 6.84% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 21 | $5,475,000 | $260,714 | $12,544 | 6.70% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 11 | $5,015,000 | $455,909 | $16,444 | 6.88% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 12 | $3,370,000 | $280,833 | $8,967 | 6.64% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 12 | $3,180,000 | $265,000 | $16,621 | 6.70% |
| LANCASTER, PA (FHA|USDA|VA) | 12 | $2,620,000 | $218,333 | $10,517 | 7.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 8 | $2,390,000 | $298,750 | $13,665 | 6.08% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $1,585,000 | $317,000 | $5,047 | 5.25% |
| READING, PA (FHA|USDA|VA) | 7 | $1,505,000 | $215,000 | $10,753 | 7.13% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 8 | $1,490,000 | $186,250 | $5,484 | 5.83% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 5 | $1,465,000 | $293,000 | $13,628 | 6.70% |
| GETTYSBURG, PA (FHA|USDA|VA) | 5 | $1,415,000 | $283,000 | $12,442 | 7.15% |
| LEBANON, PA (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $12,935 | 7.09% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $1,340,000 | $223,333 | $14,849 | 6.71% |
| Outside of Metro Areas | 6 | $1,190,000 | $198,333 | $13,481 | 6.65% |
| SPARTANBURG, SC (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $17,950 | 7.19% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $18,800 | 6.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $15,822 | 6.75% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $12,667 | 6.33% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $6,043 | 6.50% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $12,376 | 7.54% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $8,469 | 7.21% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $12,656 | 6.28% |
| YUMA, AZ (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $13,561 | 6.97% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $12,586 | 7.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $14,203 | 6.79% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $15,112 | 7.21% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $6,336 | 6.38% |
| Jefferson, GA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $21,552 | 6.75% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $40,723 | 6.25% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $9,375 | 7.42% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $14,156 | 7.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $31,483 | 6.25% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $16,119 | 6.94% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $14,225 | 6.69% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $14,012 | 6.19% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $9,315 | 5.38% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $10,872 | 6.79% |
| KINGSTON, NY (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $16,989 | 7.13% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $15,119 | 6.75% |
| DOVER, DE (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $20,117 | 7.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $13,298 | 6.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $15,117 | 6.50% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $13,480 | 6.63% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $14,027 | 6.81% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $12,656 | 6.94% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $20,184 | 5.75% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $23,085 | 6.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $6,551 | 6.00% |
| Butte-Silver Bow, MT (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $23,324 | 7.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $21,391 | 6.50% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $10,963 | 6.38% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $12,109 | 6.50% |
| ROCHESTER, NY (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $11,984 | 6.81% |
| Pottsville, PA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $10,631 | 6.31% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $21,826 | 6.13% |
| SALEM, OR (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $17,777 | 7.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $12,143 | 6.06% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $17,791 | 6.25% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $18,958 | 5.75% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $18,951 | 7.25% |
| Hudson, NY (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $19,672 | 6.25% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $16,660 | 6.75% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $17,100 | 7.50% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,819 | 7.88% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $15,215 | 6.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $16,977 | 6.25% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,596 | 6.25% |
| Urbana, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $16,125 | 6.63% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $16,261 | 6.25% |
| Torrington, CT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $15,646 | 6.63% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $14,948 | 7.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $19,237 | 6.63% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $15,521 | 6.50% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,922 | 6.63% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $14,693 | 6.75% |
| DuBois, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $15,858 | 6.63% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $14,795 | 6.25% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $14,104 | 6.25% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $14,816 | 6.38% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $14,223 | 6.75% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $14,454 | 7.25% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $15,086 | 7.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $13,086 | 6.63% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $13,864 | 6.75% |
| London, KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $13,113 | 6.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $13,598 | 6.75% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $14,506 | 7.13% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $13,202 | 7.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $13,057 | 7.50% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,581 | 6.88% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $11,938 | 5.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 7.88% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $11,910 | 6.75% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $13,791 | 6.75% |
| Bardstown, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $11,482 | 6.75% |
| Centralia, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,745 | 7.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,743 | 6.38% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,891 | 7.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against FIRST ALLIANCE HOME MORTGAGE 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 2023, First Alliance Home Mortgage's most frequently originated type of loan was Conventional, with 328 originations. Their 2nd most popular type was FHA, with 306 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 501 | $171,715,000 | $342,745 | $13,592 | 6.78% |
| Refi | 158 | $40,030,000 | $253,354 | $15,467 | 6.74% |
For 2023, First Alliance Home Mortgage's most frequently cited loan purpose was Home Purchase, with 501 originations. The 2nd most popular reason was Refi, with 158 originations.
Loan Duration/Length
For 2023, First Alliance Home Mortgage's most frequently cited loan duration was 30 Year, with 647 originations. The 2nd most popular length was 15 Year, with 9 originations.
Origination Fees/Closing Costs
First Alliance Home Mortgage's average total fees were $14,178, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 432 originations.
Interest Rates
During 2023, First Alliance Home Mortgage's average interest rate for loans was 6.78%, while their most frequently originated rate bucket for loans was 6-7%, with 362 originations.
Loan Sizing
2023 saw First Alliance Home Mortgage place emphasis on $200k-400k loans with 322 originations, totaling $93,800,000 in origination value.
Applicant Income
First Alliance Home Mortgage lent most frequently to those with incomes in the $100k-150k range, with 189 originations. The second most popular income band? $75k-100k, with 157 originations.
Applicant Debt to Income Ratio
First Alliance Home Mortgage lent most frequently to those with DTI ratios of 50-60%, with 126 originations. The next most common DTI ratio? 30-36%, with 69 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.33%
First Alliance Home Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination33.84%
First Alliance Home Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 659 | $211,745,000 | $321,313 |