Hallmark Home Mortgage Rates, Fees & Info

FORT WAYNE, IN

LEI: 549300HD2NONVMCRN332

Tax ID: 20-8549934

3.8 stars - Updated: 11/30/23 - out of 5 stars, based on 50 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Hallmark Home Mortgage is a smaller mortgage company specializing in Home Purchase loans. Hallmark 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: Indianapolis, Fort Wayne, South Bend, Columbus, and Lafayette among others. We have data for 87 markets. (Some data included below & more in-depth data is available with an active subscription.)

Hallmark 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. Hallmark 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 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.

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
30 Year Conventional Purchase 7.10% 11/30/23
30 Year Conventional Refi 7.01% 11/30/23
30 Year Cash-out Refi 7.12% 11/30/23
30 Year FHA Purchase 7.85% 11/30/23
30 Year FHA Refi 7.77% 11/30/23
30 Year VA Purchase 6.45% 11/30/23
30 Year VA Refi 6.18% 11/30/23
30 Year USDA Purchase 7.00% 11/30/23
15 Year Conventional Purchase 6.41% 11/30/23
15 Year Conventional Refi 6.34% 11/30/23
15 Year Cash-out Refi 6.34% 11/30/23
15 Year FHA Purchase 5.68% 11/30/23
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.

Hallmark Home Mortgage Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Hallmark Home Mortgage. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

2,494

Origination Dollar Volume (All Markets)

$504,120,000

Awards

HALLMARK HOME MORTGAGE USDA Loans gold
Show all (1) awards

Relative Rate

Hallmark Home Mortgage's average 30 year fixed mortgage rate was 5.44%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.68%.

Relative Fees (Closing Costs)

Hallmark Home Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $5,678.

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 $4,750.

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
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 544 $141,580,000 $260,257 $5,609 5.00%
FORT WAYNE, IN (FHA|USDA|VA) 399 $80,615,000 $202,043 $5,106 4.85%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 503 $78,365,000 $155,795 $4,961 4.52%
COLUMBUS, IN (FHA|USDA|VA) 119 $25,655,000 $215,588 $4,879 4.95%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 108 $21,250,000 $196,759 $5,142 4.76%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 86 $17,830,000 $207,326 $6,163 4.83%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 77 $11,195,000 $145,390 $5,503 4.22%
COLUMBUS, OH (FHA|USDA|VA) 46 $10,750,000 $233,696 $7,000 5.28%
BLOOMINGTON, IN (FHA|USDA|VA) 49 $9,285,000 $189,490 $6,875 4.13%
Outside of Metro Areas 56 $9,090,000 $162,321 $5,240 4.30%
Angola, IN (FHA|USDA|VA) 33 $6,665,000 $201,970 $5,004 5.06%
Warsaw, IN (FHA|USDA|VA) 28 $6,330,000 $226,071 $5,609 4.86%
Auburn, IN (FHA|USDA|VA) 33 $5,615,000 $170,152 $5,455 4.88%
Kendallville, IN (FHA|USDA|VA) 34 $5,280,000 $155,294 $5,051 4.63%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 23 $5,095,000 $221,522 $6,300 4.21%
NILES, MI (FHA|USDA|VA) 24 $3,880,000 $161,667 $5,970 5.32%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 15 $3,695,000 $246,333 $8,860 4.47%
AKRON, OH (FHA|USDA|VA) 27 $3,575,000 $132,407 $6,277 4.18%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 9 $3,295,000 $366,111 $13,359 5.04%
Huntington, IN (FHA|USDA|VA) 15 $3,245,000 $216,333 $5,561 4.13%
Frankfort, IN (FHA|USDA|VA) 18 $3,220,000 $178,889 $5,597 5.49%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 8 $2,930,000 $366,250 $7,978 5.08%
Wabash, IN (FHA|USDA|VA) 24 $2,460,000 $102,500 $5,271 4.38%
Seymour, IN (FHA|USDA|VA) 11 $2,065,000 $187,727 $4,961 5.08%
KANSAS CITY, MO-KS (FHA|USDA|VA) 8 $1,940,000 $242,500 $5,096 7.11%
CANTON-MASSILLON, OH (FHA|USDA|VA) 25 $1,815,000 $72,600 $5,458 2.66%
PUNTA GORDA, FL (FHA|USDA|VA) 6 $1,740,000 $290,000 $11,846 4.48%
North Vernon, IN (FHA|USDA|VA) 9 $1,695,000 $188,333 $6,357 5.49%
TERRE HAUTE, IN (FHA|USDA|VA) 9 $1,585,000 $176,111 $6,506 4.25%
Plymouth, IN (FHA|USDA|VA) 9 $1,495,000 $166,111 $4,433 4.75%
Bluffton, IN (FHA|USDA|VA) 8 $1,430,000 $178,750 $4,578 4.00%
Greensburg, IN (FHA|USDA|VA) 7 $1,365,000 $195,000 $4,813 5.16%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,300,000 $650,000 $11,898 4.94%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 6 $1,010,000 $168,333 $5,949 5.73%
TYLER, TX (FHA|USDA|VA) 4 $1,000,000 $250,000 $6,988 7.44%
Marion, IN (FHA|USDA|VA) 6 $960,000 $160,000 $7,186 5.02%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $935,000 $311,667 $4,168 4.54%
DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $915,000 $305,000 $6,478 5.46%
KOKOMO, IN (FHA|USDA|VA) 9 $895,000 $99,444 $3,460 4.08%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $875,000 $291,667 $5,572 4.21%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $860,000 $430,000 $11,208 5.81%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $840,000 $420,000 $14,660 4.56%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 3 $825,000 $275,000 $13,831 6.75%
New Castle, IN (FHA|USDA|VA) 5 $815,000 $163,000 $6,617 4.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $810,000 $405,000 $12,869 6.13%
Crawfordsville, IN (FHA|USDA|VA) 4 $810,000 $202,500 $7,026 5.72%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $810,000 $405,000 $12,767 5.88%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $800,000 $200,000 $11,630 5.21%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 5 $735,000 $147,000 $4,528 5.10%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $730,000 $365,000 $17,969 4.69%
EVANSVILLE, IN-KY (FHA|USDA|VA) 2 $720,000 $360,000 $2,496 3.94%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $680,000 $340,000 $8,222 6.50%
Peru, IN (FHA|USDA|VA) 2 $590,000 $295,000 $8,848 6.56%
MUNCIE, IN (FHA|USDA|VA) 5 $575,000 $115,000 $3,942 4.70%
Ottawa, KS (FHA|USDA|VA) 2 $550,000 $275,000 $4,256 7.13%
Zanesville, OH (FHA|USDA|VA) 2 $550,000 $275,000 $5,431 6.06%
Bedford, IN (FHA|USDA|VA) 2 $510,000 $255,000 $7,917 4.50%
Madison, IN (FHA|USDA|VA) 2 $490,000 $245,000 $2,688 6.69%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $480,000 $240,000 $9,703 6.94%
Bellefontaine, OH (FHA|USDA|VA) 1 $455,000 $455,000 $4,663 4.00%
BATTLE CREEK, MI (FHA|USDA|VA) 2 $440,000 $220,000 $3,919 4.00%
LIMA, OH (FHA|USDA|VA) 1 $435,000 $435,000 $9,357 5.63%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $375,000 $375,000 $17,410 3.75%
Sturgis, MI (FHA|USDA|VA) 2 $370,000 $185,000 $5,661 5.75%
Logansport, IN (FHA|USDA|VA) 2 $330,000 $165,000 $4,827 4.94%
Coldwater, MI (FHA|USDA|VA) 2 $310,000 $155,000 $3,619 6.13%
TOLEDO, OH (FHA|USDA|VA) 2 $290,000 $145,000 $4,159 4.75%
Defiance, OH (FHA|USDA|VA) 1 $285,000 $285,000 $6,851 5.50%
OCALA, FL (FHA|USDA|VA) 1 $285,000 $285,000 $10,264 5.13%
Athens, TX (FHA|USDA|VA) 1 $265,000 $265,000 $7,269 6.63%
SPARTANBURG, SC (FHA|USDA|VA) 1 $265,000 $265,000 $13,178 5.25%
GAINESVILLE, FL (FHA|USDA|VA) 1 $265,000 $265,000 $12,227 5.00%
LOUISVILLE, KY (FHA|USDA|VA) 1 $255,000 $255,000 $10,851 4.75%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $235,000 $235,000 $4,968 6.88%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $235,000 $235,000 $12,851 4.00%
Palatka, FL (FHA|USDA|VA) 1 $215,000 $215,000 $11,625 5.25%
Jasper, IN (FHA|USDA|VA) 1 $215,000 $215,000 $3,090 3.88%
Marion, OH (FHA|USDA|VA) 2 $210,000 $105,000 $4,065 6.44%
WILMINGTON, NC (FHA|USDA|VA) 1 $175,000 $175,000 $6,986 6.50%
Decatur, IN (FHA|USDA|VA) 1 $175,000 $175,000 $3,347 4.00%
Lufkin, TX (FHA|USDA|VA) 1 $165,000 $165,000 $9,406 7.13%
Scottsburg, IN (FHA|USDA|VA) 1 $165,000 $165,000 $5,368 5.13%
New Philadelphia-Dover, OH (FHA|USDA|VA) 2 $160,000 $80,000 $7,496 1.88%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $135,000 $135,000 $8,508 5.13%
Connersville, IN (FHA|USDA|VA) 2 $130,000 $65,000 $6,778 3.13%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $95,000 $95,000 $6,478 7.25%
Vincennes, IN (FHA|USDA|VA) 1 $85,000 $85,000 $3,691 7.13%
Hallmark Home Mortgage's top markets include Indianapolis, Fort Wayne, South Bend, Columbus, and Lafayette among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against HALLMARK HOME MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Chiphone Federal Credit Union
    Similarity Rank: 74
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    D.W. BROWN MORTGAGE CORP.
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    Security Federal Savings Bank
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    BEACON CREDIT UNION
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    Town & Country Bank
    Similarity Rank: 328
    The Riddell National Bank
    Similarity Rank: 378
    The Fountain Trust Company
    Similarity Rank: 391
    ProFed Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,813 $356,365,000 $196,561 $4,368 4.55%
    FHA 506 $98,950,000 $195,553 $8,207 5.44%
    VA 129 $39,945,000 $309,651 $9,058 5.01%
    USDA 46 $8,860,000 $192,609 $6,471 5.10%

    For 2022, Hallmark Home Mortgage's most frequently originated type of loan was Conventional, with 1,813 originations. Their 2nd most popular type was FHA, with 506 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,260 $458,540,000 $202,894 $5,660 4.77%
    Cash Out Refi 158 $33,300,000 $210,759 $5,014 4.82%
    Refi 76 $12,280,000 $161,579 $3,836 4.53%

    For 2022, Hallmark Home Mortgage's most frequently cited loan purpose was Home Purchase, with 2,260 originations. The 2nd most popular reason was Cash Out Refi, with 158 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,118 $481,560,000 $227,365 $5,678 5.44%
    Other 283 $3,395,000 $11,996 $662 0.09%
    15 Year 78 $17,820,000 $228,462 $4,923 4.05%
    20 Year 7 $1,205,000 $172,143 $2,756 4.64%
    3 Year 7 $35,000 $5,000 $0 0.00%
    10 Year 1 $105,000 $105,000 $3,277 2.88%

    For 2022, Hallmark Home Mortgage's most frequently cited loan duration was 30 Year, with 2,118 originations. The 2nd most popular length was Other, with 283 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 807 $197,185,000 $244,343
    $2k-3k 470 $87,890,000 $187,000
    $3k-4k 455 $85,295,000 $187,462
    $<1k 258 $3,530,000 $13,682
    $5k+ 257 $80,635,000 $313,755
    $4k-5k 207 $48,965,000 $236,546

    Hallmark Home Mortgage's average total fees were $5,678, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 807 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 699 $166,455,000 $238,133
    4-5% 510 $116,190,000 $227,824
    6-7% 461 $97,665,000 $211,855
    3-4% 309 $74,545,000 $241,246
    <2.5% 292 $3,240,000 $11,096
    7-8% 199 $39,755,000 $199,774
    2.5-3% 24 $6,270,000 $261,250

    During 2022, Hallmark Home Mortgage's average interest rate for loans was 5.44%, while their most frequently originated rate bucket for loans was 5-6%, with 699 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 938 $256,530,000 $273,486 $6,171 5.36%
    $100k-200k 925 $142,075,000 $153,595 $5,055 5.49%
    $100,000 or less 450 $15,240,000 $33,867 $3,393 1.93%
    $400k-600k 156 $73,060,000 $468,333 $7,031 5.11%
    $600k-1MM 23 $14,835,000 $645,000 $7,438 4.73%
    $1MM+ 2 $2,380,000 $1,190,000 $14,778 3.50%

    2022 saw Hallmark Home Mortgage place emphasis on $200k-400k loans with 938 originations, totaling $256,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 725 $117,675,000 $162,310 $5,592 4.59%
    $50k or less 691 $78,405,000 $113,466 $4,784 4.22%
    $75k-100k 441 $100,925,000 $228,855 $6,074 5.09%
    $100k-150k 363 $107,865,000 $297,149 $5,811 5.41%
    $150k-250k 196 $69,080,000 $352,449 $5,895 5.32%
    $250k+ 68 $28,180,000 $414,412 $5,676 5.19%

    Hallmark Home Mortgage lent most frequently to those with incomes in the $50k-75k range, with 725 originations. The second most popular income band? $50k or less, with 691 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 495 $93,315,000 $188,515 $4,996 4.72%
    20-30% 427 $86,465,000 $202,494 $4,744 4.74%
    42% 137 $28,795,000 $210,182 $6,710 4.74%
    41% 132 $21,850,000 $165,530 $5,844 4.39%
    39% 124 $25,640,000 $206,774 $5,657 4.54%
    38% 122 $24,720,000 $202,623 $5,901 4.79%
    40% 117 $22,965,000 $196,282 $6,303 4.41%
    44% 116 $24,400,000 $210,345 $6,252 5.00%
    <20% 109 $20,795,000 $190,780 $4,054 4.63%
    36% 108 $19,740,000 $182,778 $5,161 4.37%
    43% 105 $20,635,000 $196,524 $5,948 4.90%
    37% 102 $20,080,000 $196,863 $5,744 4.73%
    50-60% 73 $18,125,000 $248,288 $8,485 5.29%
    49% 72 $16,480,000 $228,889 $5,736 5.25%
    48% 70 $17,730,000 $253,286 $5,626 5.39%
    45% 64 $14,790,000 $231,094 $6,183 5.06%
    47% 58 $13,630,000 $235,000 $6,602 4.95%
    46% 57 $13,025,000 $228,509 $5,458 5.38%
    >60% 1 $5,000 $5,000 $0 0.00%

    Hallmark Home Mortgage lent most frequently to those with DTI ratios of 30-36%, with 495 originations. The next most common DTI ratio? 20-30%, with 427 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,003 $403,665,000 $201,530 $5,350 4.80%
    Black 230 $37,790,000 $164,304 $6,654 4.18%
    Not provided 154 $36,940,000 $239,870 $6,120 5.02%
    Asian 97 $24,155,000 $249,021 $6,474 5.08%
    American Indian 10 $1,570,000 $157,000 $4,846 5.05%

    Approval Rates

    Total approvals of all applications
    93.70%

    Hallmark Home Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.06%

    Hallmark Home Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 245 $2,035,000 $8,306
    NA 2,249 $502,085,000 $223,248

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,494 $504,120,000 $202,133

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $3,485,000 $139,400 $3,525 5.12%
    40-60% 108 $19,650,000 $181,944 $4,088 4.89%
    60-80% 436 $104,300,000 $239,220 $4,974 5.25%
    80-100% 1,599 $363,655,000 $227,427 $5,793 5.47%
    Over 100% 30 $9,740,000 $324,667 $14,149 5.28%
    Under 20% 291 $2,485,000 $8,540 $211 0.04%