Eagle Home Mortgage, Llc

Miami, FL 33172

LEI: 549300H3IZO24NSOO931

Tax ID: 59-1494026

2019 Data *Active* | 2018 Data


Overview

Eagle Home Mortgage, Llc is a large mortgage company specializing in Home Purchase loans. Eagle Home 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 Tampa, Houston, Phoenix, Denver, and Orlando among others. They have an 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. Eagle Home Mortgage, Llc is typically a normal medium-low/ fee lendor.


Originations

32,626

Origination Dollar Volume (All Markets)

$9,992,510,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 21,762 $6,770,770,000 $311,128
FHA 6,470 $1,783,230,000 $275,615
VA 4,274 $1,411,800,000 $330,323
USDA 120 $26,710,000 $222,583

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 32,121 $9,836,975,000 $306,247
Home Improvement 15 $3,845,000 $256,333
Refi 330 $106,700,000 $323,333
Cash Out Refi 160 $44,990,000 $281,188

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
TAMPA-ST. PETERSBURG-CLEARWATER, FL 2,973 $740,335,000 $249,020
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 2,263 $601,745,000 $265,906
PHOENIX-MESA-CHANDLER, AZ 1,662 $468,490,000 $281,883
DENVER-AURORA-LAKEWOOD, CO 1,105 $462,205,000 $418,285
ORLANDO-KISSIMMEE-SANFORD, FL 1,425 $399,475,000 $280,333
CHARLOTTE-CONCORD-GASTONIA, NC-SC 1,261 $355,745,000 $282,113
DALLAS-PLANO-IRVING, TX 1,133 $336,315,000 $296,836
MIAMI-MIAMI BEACH-KENDALL, FL 1,037 $327,655,000 $315,964
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 962 $320,700,000 $333,368
AUSTIN-ROUND ROCK-GEORGETOWN, TX 1,135 $315,195,000 $277,705
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 977 $310,325,000 $317,631
LAS VEGAS-HENDERSON-PARADISE, NV 885 $290,625,000 $328,390
SAN ANTONIO-NEW BRAUNFELS, TX 1,272 $289,510,000 $227,602
RALEIGH-CARY, NC 843 $278,755,000 $330,670
JACKSONVILLE, FL 969 $272,745,000 $281,471
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 653 $261,495,000 $400,452
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 564 $245,200,000 $434,752
BALTIMORE-COLUMBIA-TOWSON, MD 611 $223,265,000 $365,409
NORTH PORT-SARASOTA-BRADENTON, FL 786 $215,370,000 $274,008
SEATTLE-BELLEVUE-KENT, WA 430 $207,170,000 $481,791
CHARLESTON-NORTH CHARLESTON, SC 672 $197,190,000 $293,438
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 510 $187,140,000 $366,941
INDIANAPOLIS-CARMEL-ANDERSON, IN 645 $185,825,000 $288,101
CAPE CORAL-FORT MYERS, FL 616 $161,780,000 $262,630
SACRAMENTO-ROSEVILLE-FOLSOM, CA 372 $151,730,000 $407,876
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 358 $138,230,000 $386,117
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 336 $125,710,000 $374,137
FORT WORTH-ARLINGTON-GRAPEVINE, TX 422 $115,750,000 $274,289
NAPLES-MARCO ISLAND, FL 354 $102,120,000 $288,475
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 280 $98,490,000 $351,750
CHICAGO-NAPERVILLE-EVANSTON, IL 328 $81,500,000 $248,476
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 239 $80,405,000 $336,423
DURHAM-CHAPEL HILL, NC 309 $78,315,000 $253,447
OAKLAND-BERKELEY-LIVERMORE, CA 103 $73,435,000 $712,961
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 132 $71,780,000 $543,788
TACOMA-LAKEWOOD, WA 160 $61,740,000 $385,875
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 195 $61,655,000 $316,179
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 274 $59,970,000 $218,869
RENO, NV 162 $59,130,000 $365,000
BOULDER, CO 124 $52,650,000 $424,597
TUCSON, AZ 183 $52,635,000 $287,623
ELGIN, IL 200 $50,810,000 $254,050
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 76 $47,050,000 $619,079
ANAHEIM-SANTA ANA-IRVINE, CA 86 $44,720,000 $520,000
LAKELAND-WINTER HAVEN, FL 184 $41,800,000 $227,174
FRESNO, CA 127 $40,685,000 $320,354
PORT ST. LUCIE, FL 161 $39,825,000 $247,360
Outside of Metro Areas 129 $31,865,000 $247,016
SALT LAKE CITY, UT 111 $31,565,000 $284,369
GREELEY, CO 74 $30,500,000 $412,162
WILMINGTON, DE-MD-NJ 102 $29,290,000 $287,157
FORT COLLINS, CO 75 $28,495,000 $379,933
STOCKTON, CA 70 $27,750,000 $396,429
BAKERSFIELD, CA 104 $27,260,000 $262,115
PUNTA GORDA, FL 98 $25,530,000 $260,510
NEW BRUNSWICK-LAKEWOOD, NJ 82 $21,750,000 $265,244
OXNARD-THOUSAND OAKS-VENTURA, CA 39 $21,695,000 $556,282
LOS ANGELES-LONG BEACH-GLENDALE, CA 43 $20,685,000 $481,047
MERCED, CA 72 $19,990,000 $277,639
SEBASTIAN-VERO BEACH, FL 110 $19,770,000 $179,727
SALISBURY, MD-DE 81 $18,705,000 $230,926
PROVO-OREM, UT 62 $18,050,000 $291,129
LAKE COUNTY-KENOSHA COUNTY, IL-WI 68 $16,820,000 $247,353
PENSACOLA-FERRY PASS-BRENT, FL 57 $16,585,000 $290,965
PALM BAY-MELBOURNE-TITUSVILLE, FL 66 $16,400,000 $248,485
VISALIA, CA 55 $15,505,000 $281,909
OGDEN-CLEARFIELD, UT 38 $13,980,000 $367,895
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 46 $13,790,000 $299,783
CAMDEN, NJ 60 $13,630,000 $227,167
MADERA, CA 37 $12,835,000 $346,892
GARY, IN 43 $11,965,000 $278,256
BOISE CITY, ID 47 $10,365,000 $220,532
HANFORD-CORCORAN, CA 35 $9,925,000 $283,571
OLYMPIA-LACEY-TUMWATER, WA 31 $9,565,000 $308,548
NEWARK, NJ-PA 25 $9,395,000 $375,800
CARSON CITY, NV 30 $8,810,000 $293,667
BREMERTON-SILVERDALE-PORT ORCHARD, WA 25 $7,475,000 $299,000
HILTON HEAD ISLAND-BLUFFTON, SC 27 $6,835,000 $253,148
YUBA CITY, CA 15 $5,785,000 $385,667
PHILADELPHIA, PA 14 $4,930,000 $352,143
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 7 $4,035,000 $576,429
SANTA MARIA-SANTA BARBARA, CA 6 $3,710,000 $618,333
TRENTON-PRINCETON, NJ 8 $3,280,000 $410,000
MEDFORD, OR 8 $1,950,000 $243,750
ALBANY-LEBANON, OR 8 $1,840,000 $230,000
OCALA, FL 7 $1,315,000 $187,857
TWIN FALLS, ID 6 $1,260,000 $210,000
PRESCOTT VALLEY-PRESCOTT, AZ 3 $1,105,000 $368,333
HICKORY-LENOIR-MORGANTON, NC 4 $1,090,000 $272,500
GRANTS PASS, OR 4 $1,030,000 $257,500
COLORADO SPRINGS, CO 2 $980,000 $490,000
CORVALLIS, OR 3 $905,000 $301,667
SALEM, OR 3 $735,000 $245,000
KILLEEN-TEMPLE, TX 4 $720,000 $180,000
SANTA ROSA-PETALUMA, CA 1 $635,000 $635,000
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 2 $630,000 $315,000
RICHMOND, VA 2 $570,000 $285,000
HOMOSASSA SPRINGS, FL 2 $430,000 $215,000
SPOKANE-SPOKANE VALLEY, WA 2 $400,000 $200,000
EUGENE-SPRINGFIELD, OR 2 $400,000 $200,000
DULUTH, MN-WI 1 $385,000 $385,000
SHERMAN-DENISON, TX 1 $365,000 $365,000
BELLINGHAM, WA 1 $345,000 $345,000
CLARKSVILLE, TN-KY 1 $305,000 $305,000
WACO, TX 1 $275,000 $275,000
IDAHO FALLS, ID 1 $265,000 $265,000
CHAMBERSBURG-WAYNESBORO, PA 1 $265,000 $265,000
LONGVIEW, WA 1 $245,000 $245,000
GREENSBORO-HIGH POINT, NC 1 $215,000 $215,000
ST. CLOUD, MN 1 $195,000 $195,000
BEND, OR 1 $185,000 $185,000
COLUMBIA, SC 1 $155,000 $155,000
PUEBLO, CO 2 $130,000 $65,000
CHAMPAIGN-URBANA, IL 1 $95,000 $95,000
KENNEWICK-RICHLAND, WA 1 $95,000 $95,000
SEBRING-AVON PARK, FL 1 $85,000 $85,000

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% 18 $4,550,000 $252,778
2.5-3% 1,343 $379,295,000 $282,424
3-4% 17,984 $5,670,410,000 $315,303
4-5% 11,517 $3,480,435,000 $302,200
5-6% 1,673 $442,765,000 $264,653
6-7% 76 $13,510,000 $177,763
7-8% 14 $1,410,000 $100,714
Over 8% 1 $135,000 $135,000

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 454 $32,520,000 $71,630
$100k-200k 4,231 $706,415,000 $166,962
$200k-400k 21,761 $6,240,715,000 $286,784
$400k-600k 5,568 $2,581,990,000 $463,719
$600k-1000k 595 $410,295,000 $689,571
$Over $1MM 17 $20,575,000 $1,210,294

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% 925 $128,295,000 $138,697
40-60% 1,844 $428,020,000 $232,115
60-80% 7,549 $2,373,635,000 $314,430
80-100% 20,727 $6,577,265,000 $317,328
Over 100% 1,343 $458,065,000 $341,076
Under 20% 197 $14,105,000 $71,599

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 9,820 $3,277,060,000 $333,713
$150k-250k 5,577 $2,089,885,000 $374,733
$50k-75k 6,733 $1,624,785,000 $241,317
$50k-or less 1,689 $312,985,000 $185,308
$75k-100k 7,083 $2,028,325,000 $286,365
$Over $250k 1,369 $553,645,000 $404,416

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 20,029 $5,956,425,000 $297,390
Not provided 4,074 $1,238,750,000 $304,062
Black 3,625 $1,091,305,000 $301,050
Asian 3,006 $1,041,280,000 $346,401
Asian Indian 985 $365,695,000 $371,264
American Indian 280 $84,120,000 $300,429
Filipino 155 $56,555,000 $364,871
Chinese 133 $44,855,000 $337,256
Other Asian 121 $41,595,000 $343,760
Native Hawaiian 59 $19,065,000 $323,136
Vietnamese 56 $17,890,000 $319,464
Korean 52 $17,010,000 $327,115
Other Pacific Islander 26 $9,190,000 $353,462
Japanese 14 $4,830,000 $345,000
Guamanian 5 $1,925,000 $385,000
Native Hawiian 4 $1,310,000 $327,500
Samoan 2 $710,000 $355,000

Approval Rates

Total approvals of all applications
89.06%

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
72.33%

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 32,626 $9,992,510,000 $306,274

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 7,669 $2,147,415,000 $280,012
$1k-2k 14,903 $4,558,195,000 $305,858
$2k-3k 3,595 $1,041,575,000 $289,729
$3k-4k 4,129 $1,301,785,000 $315,279
$5k+ 2,323 $941,245,000 $405,185

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):Manufactured 22 $4,430,000 $201,364
Single Family (1-4 Units):Site-Built 32,604 $9,988,080,000 $306,345