Hallmark Home Mortgage Rates, Fees & Info
FORT WAYNE, INLEI: 549300HD2NONVMCRN332
Tax ID: 20-8549934
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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: Denver, Indianapolis, Fort Wayne, South Bend, and Columbus among others. We have data for 90 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 a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.10% | 4/28/24 |
| 30 Year Conventional Refi | 7.01% | 4/28/24 |
| 30 Year Cash-out Refi | 7.12% | 4/28/24 |
| 30 Year FHA Purchase | 7.85% | 4/28/24 |
| 30 Year FHA Refi | 7.77% | 4/28/24 |
| 30 Year VA Purchase | 6.45% | 4/28/24 |
| 30 Year VA Refi | 6.18% | 4/28/24 |
| 30 Year USDA Purchase | 7.00% | 4/28/24 |
| 15 Year Conventional Purchase | 6.41% | 4/28/24 |
| 15 Year Conventional Refi | 6.34% | 4/28/24 |
| 15 Year Cash-out Refi | 6.34% | 4/28/24 |
| 15 Year FHA Purchase | 5.68% | 4/28/24 |
| 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. | ||
Hallmark Home Mortgage Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,352Origination Dollar Volume (All Markets)
$671,970,000Awards
HALLMARK HOME MORTGAGE - 2018
HALLMARK HOME MORTGAGE is a 2018 , due to their low .
For 2018, 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 |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 507 | $181,235,000 | $357,465 | $6,772 | 4.88% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 555 | $108,715,000 | $195,883 | $3,714 | 4.95% |
| FORT WAYNE, IN (FHA|USDA|VA) | 491 | $81,365,000 | $165,713 | $3,757 | 4.96% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 365 | $53,595,000 | $146,836 | $3,574 | 4.93% |
| COLUMBUS, OH (FHA|USDA|VA) | 174 | $36,510,000 | $209,828 | $5,255 | 5.04% |
| TOLEDO, OH (FHA|USDA|VA) | 198 | $31,800,000 | $160,606 | $4,665 | 4.79% |
| COLUMBUS, IN (FHA|USDA|VA) | 123 | $22,225,000 | $180,691 | $4,084 | 4.89% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 115 | $19,735,000 | $171,609 | $4,187 | 4.96% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 96 | $14,980,000 | $156,042 | $3,892 | 5.09% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 71 | $14,355,000 | $202,183 | $3,410 | 4.86% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 67 | $9,045,000 | $135,000 | $4,066 | 5.06% |
| Angola, IN (FHA|USDA|VA) | 54 | $8,110,000 | $150,185 | $3,585 | 5.18% |
| Kendallville, IN (FHA|USDA|VA) | 56 | $7,520,000 | $134,286 | $3,538 | 5.04% |
| Auburn, IN (FHA|USDA|VA) | 51 | $7,475,000 | $146,569 | $3,629 | 4.94% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 50 | $6,690,000 | $133,800 | $4,950 | 5.11% |
| Outside of Metro Areas | 43 | $5,635,000 | $131,047 | $3,531 | 5.03% |
| GREELEY, CO (FHA|USDA|VA) | 16 | $4,960,000 | $310,000 | $7,933 | 4.76% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 13 | $4,945,000 | $380,385 | $7,118 | 4.93% |
| Warsaw, IN (FHA|USDA|VA) | 32 | $4,760,000 | $148,750 | $4,101 | 5.02% |
| MONROE, MI (FHA|USDA|VA) | 19 | $4,055,000 | $213,421 | $5,485 | 4.59% |
| Plymouth, IN (FHA|USDA|VA) | 23 | $3,915,000 | $170,217 | $4,814 | 5.18% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 20 | $3,570,000 | $178,500 | $3,940 | 4.79% |
| BOULDER, CO (FHA|USDA|VA) | 4 | $2,320,000 | $580,000 | $11,268 | 4.69% |
| Seymour, IN (FHA|USDA|VA) | 13 | $1,605,000 | $123,462 | $3,521 | 5.15% |
| Breckenridge, CO (FHA|USDA|VA) | 4 | $1,570,000 | $392,500 | $4,736 | 4.94% |
| NILES, MI (FHA|USDA|VA) | 11 | $1,545,000 | $140,455 | $4,066 | 5.06% |
| AKRON, OH (FHA|USDA|VA) | 11 | $1,485,000 | $135,000 | $4,633 | 5.28% |
| FORT COLLINS, CO (FHA|USDA|VA) | 4 | $1,290,000 | $322,500 | $6,830 | 4.44% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $4,218 | 4.38% |
| Frankfort, IN (FHA|USDA|VA) | 8 | $1,020,000 | $127,500 | $2,906 | 5.08% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $3,887 | 4.79% |
| North Vernon, IN (FHA|USDA|VA) | 7 | $975,000 | $139,286 | $3,472 | 4.98% |
| Wabash, IN (FHA|USDA|VA) | 7 | $955,000 | $136,429 | $3,024 | 4.96% |
| Huntington, IN (FHA|USDA|VA) | 8 | $930,000 | $116,250 | $3,001 | 5.03% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $5,211 | 4.93% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 6 | $870,000 | $145,000 | $4,891 | 4.88% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $4,421 | 5.18% |
| Steamboat Springs, CO (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $14,406 | 4.69% |
| Fremont, OH (FHA|USDA|VA) | 6 | $730,000 | $121,667 | $4,508 | 4.88% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $5,291 | 4.63% |
| Marion, OH (FHA|USDA|VA) | 6 | $590,000 | $98,333 | $4,857 | 5.50% |
| Decatur, IN (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $4,983 | 5.00% |
| Defiance, OH (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $6,352 | 5.04% |
| LOUISVILLE, KY (FHA|USDA|VA) | 4 | $560,000 | $140,000 | $2,528 | 5.09% |
| Coldwater, MI (FHA|USDA|VA) | 4 | $560,000 | $140,000 | $2,697 | 4.94% |
| Bluffton, IN (FHA|USDA|VA) | 5 | $555,000 | $111,000 | $3,443 | 5.30% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,433 | 4.69% |
| Crawfordsville, IN (FHA|USDA|VA) | 5 | $505,000 | $101,000 | $2,939 | 5.00% |
| KOKOMO, IN (FHA|USDA|VA) | 4 | $490,000 | $122,500 | $3,209 | 4.94% |
| Urbana, OH (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $4,685 | 5.38% |
| Key West, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $6,161 | 4.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,820 | 4.38% |
| Adrian, MI (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $4,348 | 4.63% |
| Logansport, IN (FHA|USDA|VA) | 4 | $420,000 | $105,000 | $3,227 | 5.06% |
| Mount Vernon, OH (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $4,669 | 5.25% |
| Peru, IN (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,511 | 4.94% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,603 | 4.63% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,215 | 5.00% |
| Edwards, CO (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $11,541 | 4.63% |
| Bedford, IN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,178 | 5.00% |
| Wooster, OH (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,592 | 4.50% |
| New Castle, IN (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $3,922 | 4.92% |
| Zanesville, OH (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,558 | 5.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,029 | 5.13% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,229 | 5.06% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $5,902 | 5.31% |
| MUNCIE, IN (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $4,757 | 5.50% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $3,188 | 5.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,197 | 4.63% |
| Holland, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,930 | 4.00% |
| Findlay, OH (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $7,576 | 4.88% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,991 | 4.50% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,024 | 5.00% |
| Washington Court House, OH (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $6,215 | 5.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,691 | 4.88% |
| Madison, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,506 | 4.50% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,717 | 4.63% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,561 | 5.13% |
| Jackson, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,812 | 5.00% |
| Marion, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,308 | 5.00% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,777 | 5.38% |
| Sandusky, OH (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $3,642 | 5.44% |
| Chillicothe, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,684 | 5.75% |
| Richmond, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,170 | 5.88% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,317 | 5.13% |
| Greensburg, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,164 | 5.00% |
| Jasper, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,422 | 4.13% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,526 | 4.88% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,469 | 5.13% |
| Coshocton, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $5,246 | 5.75% |
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Product Mix
For 2018, Hallmark Home Mortgage's most frequently originated type of loan was Conventional, with 2,220 originations. Their 2nd most popular type was FHA, with 788 originations.
Loan Reason
For 2018, Hallmark Home Mortgage's most frequently cited loan purpose was Home Purchase, with 3,035 originations. The 2nd most popular reason was Cash Out Refi, with 182 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 3,347 | $670,875,000 | $200,441 | $4,453 | 4.95% |
| Other | 5 | $1,095,000 | $219,000 | $3,778 | 4.73% |
For 2018, Hallmark Home Mortgage's most frequently cited loan duration was 30 Year, with 3,347 originations. The 2nd most popular length was Other, with 5 originations.
Origination Fees/Closing Costs
Hallmark Home Mortgage's average total fees were $4,453, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,267 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 2,009 | $442,405,000 | $220,212 |
| 5-6% | 1,246 | $206,250,000 | $165,530 |
| 3-4% | 74 | $19,930,000 | $269,324 |
| 6-7% | 22 | $3,200,000 | $145,455 |
| 7-8% | 1 | $185,000 | $185,000 |
During 2018, Hallmark Home Mortgage's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 4-5%, with 2,009 originations.
Loan Sizing
2018 saw Hallmark Home Mortgage place emphasis on $100k-200k loans with 1,479 originations, totaling $216,315,000 in origination value.
Applicant Income
Hallmark Home Mortgage lent most frequently to those with incomes in the $50k or less range, with 1,035 originations. The second most popular income band? $50k-75k, with 944 originations.
Applicant Debt to Income Ratio
Hallmark Home Mortgage lent most frequently to those with DTI ratios of 30-36%, with 644 originations. The next most common DTI ratio? 20-30%, with 637 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.16%
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 origination81.50%
Hallmark Home Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,352 | $671,970,000 | $200,468 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 43 | $4,695,000 | $109,186 |
| Single Family (1-4 Units):Site-Built | 3,309 | $667,275,000 | $201,655 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| HALLMARK HOME MORTGAGE LLC | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |
| HALLMARK HOME MORTGAGE LLC | Other type of mortgage | Closing on a mortgage | 1 | 50.0% |