Hallmark Home Mortgage Rates, Fees & Info

FORT WAYNE, IN

LEI: 549300HD2NONVMCRN332

Tax ID: 20-8549934

5 stars - out of 5 stars, based on 67 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Indianapolis, South Bend, Fort Wayne, Columbus, and Columbus among others. Hallmark Home Mortgage has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Hallmark Home Mortgage is typically an average fee lendor.


Originations

4,556

Origination Dollar Volume (All Markets)

$917,190,000

Awards

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

Relative Rate

Hallmark Home Mortgage 's average 30 year fixed rate mortgage of loans were 3.29%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.14%.

Relative Fees

Hallmark Home Mortgage 's average total fees for a 30 year fixed rate mortgage are $4,128.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1,164 $282,640,000 $242,818 $3,486 3.12%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 792 $122,190,000 $154,280 $3,856 2.83%
FORT WAYNE, IN (FHA|USDA|VA) 564 $115,550,000 $204,876 $3,392 3.11%
COLUMBUS, IN (FHA|USDA|VA) 189 $41,205,000 $218,016 $3,369 3.15%
COLUMBUS, OH (FHA|USDA|VA) 170 $36,310,000 $213,588 $4,790 3.11%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 178 $35,460,000 $199,213 $3,584 3.06%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 172 $33,140,000 $192,674 $4,049 2.91%
BLOOMINGTON, IN (FHA|USDA|VA) 76 $15,420,000 $202,895 $4,096 3.08%
Outside of Metro Areas 80 $15,250,000 $190,625 $3,786 3.19%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 89 $15,245,000 $171,292 $4,663 2.70%
ST. LOUIS, MO-IL (FHA|USDA|VA) 77 $14,855,000 $192,922 $4,317 3.22%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 105 $13,905,000 $132,429 $4,780 2.69%
Angola, IN (FHA|USDA|VA) 50 $12,230,000 $244,600 $3,136 2.97%
Kendallville, IN (FHA|USDA|VA) 65 $12,035,000 $185,154 $3,723 3.34%
CANTON-MASSILLON, OH (FHA|USDA|VA) 84 $11,350,000 $135,119 $5,594 2.79%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 37 $11,025,000 $297,973 $9,033 3.29%
NILES, MI (FHA|USDA|VA) 60 $9,390,000 $156,500 $4,037 2.97%
Auburn, IN (FHA|USDA|VA) 50 $8,970,000 $179,400 $3,606 3.20%
AKRON, OH (FHA|USDA|VA) 57 $8,245,000 $144,649 $5,531 2.95%
Warsaw, IN (FHA|USDA|VA) 33 $7,295,000 $221,061 $3,621 3.20%
Plymouth, IN (FHA|USDA|VA) 30 $5,130,000 $171,000 $4,054 3.21%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 22 $5,070,000 $230,455 $8,561 3.16%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 24 $4,170,000 $173,750 $4,930 3.23%
Seymour, IN (FHA|USDA|VA) 21 $4,115,000 $195,952 $4,083 3.47%
PUNTA GORDA, FL (FHA|USDA|VA) 14 $4,090,000 $292,143 $10,827 3.46%
Huntington, IN (FHA|USDA|VA) 21 $3,925,000 $186,905 $3,502 3.27%
Wabash, IN (FHA|USDA|VA) 18 $3,690,000 $205,000 $5,374 3.01%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 10 $3,210,000 $321,000 $7,439 3.10%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 15 $3,035,000 $202,333 $4,793 2.86%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $2,705,000 $901,667 $4,961 2.88%
Frankfort, IN (FHA|USDA|VA) 19 $2,675,000 $140,789 $3,880 3.03%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $2,630,000 $438,333 $6,367 3.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 12 $2,630,000 $219,167 $6,575 3.39%
North Vernon, IN (FHA|USDA|VA) 12 $2,120,000 $176,667 $3,124 3.35%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 6 $2,040,000 $340,000 $6,153 3.25%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,945,000 $389,000 $6,867 3.10%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 5 $1,605,000 $321,000 $12,867 3.88%
New Castle, IN (FHA|USDA|VA) 8 $1,540,000 $192,500 $3,933 3.20%
TOLEDO, OH (FHA|USDA|VA) 9 $1,455,000 $161,667 $6,092 3.07%
Crawfordsville, IN (FHA|USDA|VA) 10 $1,410,000 $141,000 $4,917 2.46%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $1,410,000 $352,500 $14,938 3.56%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 9 $1,345,000 $149,444 $4,419 3.11%
KOKOMO, IN (FHA|USDA|VA) 9 $1,205,000 $133,889 $3,973 2.60%
TERRE HAUTE, IN (FHA|USDA|VA) 6 $1,180,000 $196,667 $3,108 3.44%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 6 $1,180,000 $196,667 $3,387 3.04%
Marion, IN (FHA|USDA|VA) 5 $1,155,000 $231,000 $2,883 3.20%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $1,120,000 $560,000 $4,898 3.38%
Bluffton, IN (FHA|USDA|VA) 4 $1,050,000 $262,500 $3,336 3.13%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $980,000 $490,000 $5,591 2.38%
Wooster, OH (FHA|USDA|VA) 6 $940,000 $156,667 $5,333 3.29%
Bellefontaine, OH (FHA|USDA|VA) 7 $935,000 $133,571 $5,285 2.50%
SPRINGFIELD, OH (FHA|USDA|VA) 6 $850,000 $141,667 $4,792 3.94%
Washington, IN (FHA|USDA|VA) 4 $850,000 $212,500 $5,644 2.94%
Sikeston, MO (FHA|USDA|VA) 6 $820,000 $136,667 $3,449 3.40%
Greensburg, IN (FHA|USDA|VA) 5 $795,000 $159,000 $4,581 3.20%
Marion, OH (FHA|USDA|VA) 6 $760,000 $126,667 $3,437 2.90%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $730,000 $365,000 $8,553 3.31%
Richmond-Berea, KY (FHA|USDA|VA) 2 $710,000 $355,000 $3,310 3.56%
New Philadelphia-Dover, OH (FHA|USDA|VA) 9 $695,000 $77,222 $6,409 1.93%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 5 $685,000 $137,000 $3,620 2.73%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 5 $685,000 $137,000 $6,138 2.40%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $680,000 $340,000 $3,913 3.00%
Urbana, OH (FHA|USDA|VA) 7 $675,000 $96,429 $4,298 2.59%
Mount Vernon, OH (FHA|USDA|VA) 4 $670,000 $167,500 $5,226 3.25%
Bedford, IN (FHA|USDA|VA) 2 $620,000 $310,000 $11,989 3.31%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $600,000 $300,000 $5,962 3.06%
Clewiston, FL (FHA|USDA|VA) 2 $600,000 $300,000 $13,623 3.81%
MUNCIE, IN (FHA|USDA|VA) 5 $565,000 $113,000 $2,857 3.43%
Richmond, IN (FHA|USDA|VA) 2 $560,000 $280,000 $5,928 3.25%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $550,000 $275,000 $4,325 3.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $540,000 $270,000 $12,337 3.69%
WINSTON-SALEM, NC (FHA|USDA|VA) 3 $535,000 $178,333 $7,096 3.00%
GAINESVILLE, FL (FHA|USDA|VA) 1 $515,000 $515,000 $14,708 3.75%
ANN ARBOR, MI (FHA|USDA|VA) 1 $505,000 $505,000 $3,792 2.63%
Coldwater, MI (FHA|USDA|VA) 2 $500,000 $250,000 $2,582 2.88%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $495,000 $495,000 $5,962 3.63%
Salem, OH (FHA|USDA|VA) 4 $460,000 $115,000 $8,262 2.44%
OCALA, FL (FHA|USDA|VA) 2 $450,000 $225,000 $6,410 3.13%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $440,000 $220,000 $6,586 3.31%
Zanesville, OH (FHA|USDA|VA) 2 $340,000 $170,000 $3,999 3.50%
Sturgis, MI (FHA|USDA|VA) 2 $330,000 $165,000 $4,613 2.81%
Vincennes, IN (FHA|USDA|VA) 2 $330,000 $165,000 $5,419 3.69%
Decatur, IN (FHA|USDA|VA) 3 $325,000 $108,333 $4,297 3.04%
Chillicothe, OH (FHA|USDA|VA) 1 $305,000 $305,000 $9,473 2.75%
Bucyrus-Galion, OH (FHA|USDA|VA) 1 $275,000 $275,000 $2,858 2.75%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $275,000 $275,000 $13,511 3.63%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $275,000 $275,000 $8,336 3.63%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $265,000 $265,000 $9,317 3.25%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $255,000 $255,000 $2,800 3.25%
Sandusky, OH (FHA|USDA|VA) 1 $255,000 $255,000 $6,338 2.50%
Point Pleasant, WV-OH (FHA|USDA|VA) 1 $245,000 $245,000 $7,724 3.00%
Scottsburg, IN (FHA|USDA|VA) 1 $225,000 $225,000 $4,690 3.13%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $215,000 $215,000 $3,862 2.75%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $205,000 $205,000 $10,702 2.99%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $195,000 $195,000 $3,028 3.25%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $175,000 $175,000 $4,491 2.75%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $165,000 $165,000 $6,254 3.25%
PANAMA CITY, FL (FHA|USDA|VA) 1 $165,000 $165,000 $7,532 3.13%
Logansport, IN (FHA|USDA|VA) 1 $145,000 $145,000 $5,505 3.75%
Jackson, OH (FHA|USDA|VA) 1 $145,000 $145,000 $5,595 3.38%
Coshocton, OH (FHA|USDA|VA) 2 $140,000 $70,000 $6,537 1.88%
LIMA, OH (FHA|USDA|VA) 1 $135,000 $135,000 $5,832 3.13%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $135,000 $135,000 $2,586 3.88%
Tiffin, OH (FHA|USDA|VA) 2 $130,000 $65,000 $5,130 1.88%
MANSFIELD, OH (FHA|USDA|VA) 1 $125,000 $125,000 $4,312 3.38%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $105,000 $105,000 $5,461 3.25%
Peru, IN (FHA|USDA|VA) 1 $105,000 $105,000 $2,181 3.75%
KNOXVILLE, TN (FHA|USDA|VA) 1 $95,000 $95,000 $4,192 4.38%
Holland, MI (FHA|USDA|VA) 1 $85,000 $85,000 $2,762 3.13%
MONROE, MI (FHA|USDA|VA) 1 $85,000 $85,000 $3,113 2.75%

Hallmark Home Mortgage 's top markets include Indianapolis, South Bend, Fort Wayne, Columbus, and Columbus among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,450 $701,510,000 $203,336 $3,121 2.97%
FHA 782 $141,500,000 $180,946 $6,949 3.32%
VA 205 $54,105,000 $263,927 $5,908 2.94%
USDA 119 $20,075,000 $168,697 $4,478 3.23%

For the 2021 period, Hallmark Home Mortgage 's most frequently originated loan type of loans were Conventional, with 3,450 originations. Their 2nd most popular type is FHA, with 782 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 3,301 $655,045,000 $198,438 $4,411 3.00%
Refi 828 $176,500,000 $213,164 $2,792 3.04%
Cash Out Refi 427 $85,645,000 $200,574 $3,406 3.29%

For the 2021, Hallmark Home Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 3,301 originations. The 2nd most popular reason of loans were Refi, with 828 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 3,866 $829,210,000 $214,488 $4,128 3.29%
15 Year 300 $64,600,000 $215,333 $2,757 2.67%
Other 283 $6,095,000 $21,537 $2,566 0.25%
20 Year 74 $15,290,000 $206,622 $2,699 3.04%
3 Year 21 $105,000 $5,000 $0 0.00%
10 Year 10 $1,880,000 $188,000 $2,422 2.61%
5 Year 2 $10,000 $5,000 $0 0.00%

For the 2021, Hallmark Home Mortgage 's most frequently cited loan length of loans were 30 Year, with 3,866 originations. The 2nd most popular length of loans were 15 Year, with 300 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 3,135 $680,995,000 $217,223
$2k-3k 586 $113,150,000 $193,089
$3k-4k 394 $79,590,000 $202,005
$<1k 367 $18,425,000 $50,204
$5k+ 73 $25,015,000 $342,671

$4,128 of loans were Hallmark Home Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 3,135 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 2,767 $552,405,000 $199,640
2.5-3% 1,183 $293,145,000 $247,798
<2.5% 462 $50,260,000 $108,788
4-5% 144 $21,380,000 $148,472

During 2021, Hallmark Home Mortgage 's average interest rate of loans were 3.29%, while their most frequently originated rate bucket of loans were 3-4%, with 2,767 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 2,002 $299,850,000 $149,775 $3,743 3.30%
$200k-400k 1,640 $447,060,000 $272,598 $4,401 3.17%
$100,000 or less 637 $30,235,000 $47,465 $3,261 1.90%
$400k-600k 243 $114,625,000 $471,708 $4,275 2.99%
$600k-1MM 32 $23,240,000 $726,250 $4,798 2.92%
$1MM+ 2 $2,180,000 $1,090,000 $3,457 2.88%

2021 saw Hallmark Home Mortgage place emphasis on $100k-200k loans with 2,002 originations, totaling $299,850,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 1,377 $170,605,000 $123,896 $3,885 2.88%
$50k-75k 1,313 $227,705,000 $173,423 $4,217 3.04%
$100k-150k 701 $193,025,000 $275,357 $3,892 3.18%
$75k-100k 687 $154,185,000 $224,432 $4,169 3.18%
$150k-250k 337 $115,455,000 $342,596 $3,634 3.12%
$250k+ 110 $48,290,000 $439,000 $3,553 3.01%

Hallmark Home Mortgage lent most frequently to those with incomes in the $50k or less range, with 1,377 originations. The second most popular income band? $50k-75k, with 1,313 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,051 $215,815,000 $205,343 $3,413 3.13%
30-36% 866 $171,210,000 $197,702 $3,974 3.06%
<20% 389 $85,255,000 $219,165 $3,083 3.08%
42% 227 $43,565,000 $191,916 $4,730 2.90%
39% 209 $39,895,000 $190,885 $4,388 2.91%
41% 209 $39,275,000 $187,919 $4,804 2.84%
40% 200 $39,920,000 $199,600 $4,128 3.00%
36% 191 $35,215,000 $184,372 $3,846 3.06%
44% 184 $34,320,000 $186,522 $4,455 2.89%
37% 182 $35,260,000 $193,736 $4,210 3.04%
38% 179 $35,795,000 $199,972 $4,126 2.96%
43% 169 $34,165,000 $202,160 $4,253 2.96%
45% 101 $20,165,000 $199,653 $4,502 3.02%
46% 86 $20,350,000 $236,628 $4,172 3.15%
50-60% 81 $16,705,000 $206,235 $6,571 3.17%
49% 80 $15,800,000 $197,500 $5,090 3.06%
47% 76 $16,900,000 $222,368 $4,741 3.15%
48% 48 $10,480,000 $218,333 $4,825 3.01%
>60% 1 $285,000 $285,000 $2,333 2.50%

Hallmark Home Mortgage lent most frequently to those with DTI ratios of 20-30%, with 1,051 originations. The next most common DTI ratio? 30-36%, with 866 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 3,661 $738,515,000 $201,725 $3,852 3.06%
Not provided 365 $77,935,000 $213,521 $4,097 3.01%
Black 417 $69,925,000 $167,686 $5,197 2.81%
Asian 99 $27,755,000 $280,354 $4,152 3.04%
American Indian 11 $2,235,000 $203,182 $5,301 2.90%
Native Hawaiian 3 $825,000 $275,000 $8,165 3.00%

Approval Rates

Total approvals of all applications
95.26%

Hallmark 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 origination
81.69%

Hallmark Home Mortgage has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
0.0 291 $2,435,000 $8,368
NA 4,265 $914,755,000 $214,479

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
4,556 $917,190,000 $201,315

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 40 $5,530,000 $138,250 $2,715 2.80%
40-60% 286 $53,860,000 $188,322 $2,841 3.02%
60-80% 1,113 $247,625,000 $222,484 $3,129 3.24%
80-100% 2,786 $596,130,000 $213,973 $4,383 3.27%
Over 100% 39 $11,275,000 $289,103 $10,866 2.93%
Under 20% 292 $2,770,000 $9,486 $2,431 0.07%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
HALLMARK HOME MORTGAGE LLC FHA mortgage Closing on a mortgage 1 100.0%