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 and Refi loans. First Alliance Home Mortgage 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: New York, Philadelphia, Charlotte, Harrisburg, and Miami among others. We have data for 85 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 an average 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.
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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.85% | 4/14/24 |
| 30 Year Conventional Purchase | 6.93% | 4/14/24 |
| 30 Year Conventional Refi | 6.77% | 4/14/24 |
| 30 Year FHA Purchase | 7.51% | 4/14/24 |
| 30 Year FHA Refi | 7.34% | 4/14/24 |
| 30 Year VA Purchase | 6.67% | 4/14/24 |
| 30 Year VA Refi | 7.02% | 4/14/24 |
| 30 Year USDA Purchase | 7.13% | 4/14/24 |
| 30 Year USDA Refi | 6.27% | 4/14/24 |
| 15 Year Conventional Purchase | 5.65% | 4/14/24 |
| 15 Year Conventional Refi | 5.74% | 4/14/24 |
| 15 Year Cash-out Refi | 5.74% | 4/14/24 |
| 15 Year FHA Refi | 5.68% | 4/14/24 |
| 15 Year VA Refi | 5.68% | 4/14/24 |
| 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,197Origination Dollar Volume (All Markets)
$735,055,000Awards
FIRST ALLIANCE HOME MORTGAGE - 2021
FIRST ALLIANCE HOME MORTGAGE is a 2021 , due to their low .
For 2021, 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1,211 | $459,555,000 | $379,484 | $8,075 | 3.03% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 172 | $51,450,000 | $299,128 | $5,012 | 2.94% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 86 | $27,630,000 | $321,279 | $3,388 | 2.88% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 94 | $20,740,000 | $220,638 | $5,576 | 2.98% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 69 | $20,125,000 | $291,667 | $6,655 | 3.11% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 56 | $17,720,000 | $316,429 | $4,820 | 2.88% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 81 | $16,715,000 | $206,358 | $6,093 | 2.97% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 39 | $12,665,000 | $324,744 | $2,920 | 2.76% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 38 | $10,450,000 | $275,000 | $6,348 | 3.21% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 19 | $7,225,000 | $380,263 | $3,730 | 2.80% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 14 | $6,620,000 | $472,857 | $11,154 | 3.42% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 26 | $5,980,000 | $230,000 | $3,724 | 3.02% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 24 | $5,380,000 | $224,167 | $6,744 | 3.19% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 15 | $4,905,000 | $327,000 | $3,628 | 2.58% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 9 | $3,625,000 | $402,778 | $6,390 | 2.90% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 10 | $3,470,000 | $347,000 | $3,260 | 2.68% |
| Outside of Metro Areas | 11 | $3,395,000 | $308,636 | $6,371 | 3.20% |
| STOCKTON, CA (FHA|USDA|VA) | 11 | $3,285,000 | $298,636 | $7,183 | 3.11% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 15 | $2,975,000 | $198,333 | $6,348 | 2.94% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 8 | $2,620,000 | $327,500 | $4,424 | 3.23% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 7 | $2,545,000 | $363,571 | $6,267 | 2.71% |
| GETTYSBURG, PA (FHA|USDA|VA) | 11 | $2,275,000 | $206,818 | $5,766 | 3.16% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 8 | $2,020,000 | $252,500 | $6,125 | 3.44% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 6 | $1,920,000 | $320,000 | $8,416 | 3.04% |
| READING, PA (FHA|USDA|VA) | 9 | $1,825,000 | $202,778 | $6,077 | 3.06% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 8 | $1,750,000 | $218,750 | $6,961 | 3.14% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 3 | $1,725,000 | $575,000 | $6,804 | 2.96% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $1,690,000 | $422,500 | $3,136 | 3.03% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $1,630,000 | $407,500 | $6,548 | 2.81% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 7 | $1,535,000 | $219,286 | $7,122 | 3.46% |
| Pottsville, PA (FHA|USDA|VA) | 14 | $1,520,000 | $108,571 | $4,719 | 3.07% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $1,460,000 | $243,333 | $3,432 | 2.77% |
| LANCASTER, PA (FHA|USDA|VA) | 7 | $1,455,000 | $207,857 | $6,532 | 3.09% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $3,733 | 2.75% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $3,877 | 3.41% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $5,406 | 3.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 7 | $1,125,000 | $160,714 | $5,427 | 3.39% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $13,085 | 2.99% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $4,863 | 3.13% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $5,041 | 2.94% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $5,023 | 2.78% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $3,619 | 3.63% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $3,395 | 3.05% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $8,802 | 2.56% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $5,571 | 3.25% |
| LEBANON, PA (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $5,408 | 2.94% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $5,437 | 2.83% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $5,503 | 3.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $3,311 | 2.56% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,760 | 2.25% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $4,017 | 3.50% |
| CHICO, CA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $4,762 | 3.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,168 | 3.13% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $6,979 | 3.22% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $6,095 | 3.50% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,164 | 3.44% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,205 | 3.38% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,126 | 2.00% |
| OCALA, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $6,928 | 3.19% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,763 | 3.38% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,546 | 3.50% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,722 | 3.00% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,748 | 2.38% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,793 | 2.50% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,788 | 2.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,319 | 3.50% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,387 | 3.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,666 | 3.50% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,671 | 2.50% |
| Statesboro, GA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,369 | 3.44% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,586 | 2.75% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,564 | 3.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,000 | 2.88% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,408 | 3.38% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,213 | 2.88% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,737 | 3.25% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,171 | 4.00% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,346 | 2.88% |
| Sanford, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,041 | 3.63% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,379 | 3.00% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,040 | 2.75% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,093 | 2.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,532 | 3.25% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,341 | 2.75% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,387 | 3.00% |
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 2021, First Alliance Home Mortgage's most frequently originated type of loan was Conventional, with 1,739 originations. Their 2nd most popular type was FHA, with 438 originations.
Loan Reason
For 2021, First Alliance Home Mortgage's most frequently cited loan purpose was Home Purchase, with 1,135 originations. The 2nd most popular reason was Refi, with 1,061 originations.
Loan Duration/Length
For 2021, First Alliance Home Mortgage's most frequently cited loan duration was 30 Year, with 1,798 originations. The 2nd most popular length was 15 Year, with 280 originations.
Origination Fees/Closing Costs
First Alliance Home Mortgage's average total fees were $7,402, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,349 originations.
Interest Rates
During 2021, First Alliance Home Mortgage's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 3-4%, with 942 originations.
Loan Sizing
2021 saw First Alliance Home Mortgage place emphasis on $200k-400k loans with 1,143 originations, totaling $341,735,000 in origination value.
Applicant Income
First Alliance Home Mortgage lent most frequently to those with incomes in the $100k-150k range, with 539 originations. The second most popular income band? $75k-100k, with 437 originations.
Applicant Debt to Income Ratio
First Alliance Home Mortgage lent most frequently to those with DTI ratios of 20-30%, with 375 originations. The next most common DTI ratio? 30-36%, with 321 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.20%
First Alliance Home Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination59.13%
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 | 2,197 | $735,055,000 | $334,572 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST ALLIANCE HOME MORTGAGE | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |