Caliber Home Loans Inc

COPPELL, TX 75019

LEI: 549300J7XKT2BI5WX213

Tax ID: 13-6131491

2019 Data *Active* | 2018 Data


Overview

Caliber Home Loans Inc is a large mortgage company specializing in Home Purchase and Refi loans. Caliber Home Loans Inc 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 Seattle, Washington, San Diego, Los Angeles, and Denver among others. They have an above 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. Caliber Home Loans Inc is typically a low/ medium-low/ fee lendor.


Originations

136,046

Origination Dollar Volume (All Markets)

$40,798,330,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 84,435 $26,566,405,000 $314,637
FHA 29,467 $7,076,565,000 $240,152
VA 20,088 $6,806,660,000 $338,842
USDA 2,056 $348,700,000 $169,601

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 79,397 $22,691,235,000 $285,795
Other 189 $31,135,000 $164,735
Refi 37,575 $12,471,385,000 $331,906
Cash Out Refi 18,885 $5,604,575,000 $296,774

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
SEATTLE-BELLEVUE-KENT, WA 7,714 $3,641,430,000 $472,055
Outside of Metro Areas 8,900 $1,947,030,000 $218,767
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 3,791 $1,673,455,000 $441,428
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 2,534 $1,253,490,000 $494,669
LOS ANGELES-LONG BEACH-GLENDALE, CA 2,226 $1,112,010,000 $499,555
DENVER-AURORA-LAKEWOOD, CO 2,955 $1,087,845,000 $368,137
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 3,019 $1,032,855,000 $342,118
INDIANAPOLIS-CARMEL-ANDERSON, IN 4,792 $976,130,000 $203,700
TAMPA-ST. PETERSBURG-CLEARWATER, FL 3,608 $877,450,000 $243,196
OAKLAND-BERKELEY-LIVERMORE, CA 1,549 $829,125,000 $535,265
CHICAGO-NAPERVILLE-EVANSTON, IL 3,266 $827,870,000 $253,481
PHOENIX-MESA-CHANDLER, AZ 2,860 $773,220,000 $270,357
MIAMI-MIAMI BEACH-KENDALL, FL 2,413 $712,395,000 $295,232
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 2,111 $698,235,000 $330,760
SACRAMENTO-ROSEVILLE-FOLSOM, CA 1,728 $631,340,000 $365,359
DALLAS-PLANO-IRVING, TX 1,925 $558,995,000 $290,387
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 1,259 $547,085,000 $434,539
VALLEJO, CA 1,285 $495,855,000 $385,879
WARREN-TROY-FARMINGTON HILLS, MI 2,244 $493,520,000 $219,929
ORLANDO-KISSIMMEE-SANFORD, FL 1,906 $489,670,000 $256,910
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 1,728 $474,800,000 $274,769
TACOMA-LAKEWOOD, WA 1,367 $470,715,000 $344,342
BALTIMORE-COLUMBIA-TOWSON, MD 1,452 $466,800,000 $321,488
ANAHEIM-SANTA ANA-IRVINE, CA 838 $461,920,000 $551,217
SALT LAKE CITY, UT 1,359 $422,755,000 $311,078
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 1,697 $395,565,000 $233,097
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 1,611 $392,145,000 $243,417
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 905 $380,435,000 $420,370
COLORADO SPRINGS, CO 1,307 $377,775,000 $289,040
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 1,312 $366,210,000 $279,123
URBAN HONOLULU, HI 676 $361,170,000 $534,275
NEWARK, NJ-PA 968 $344,700,000 $356,095
NEW BRUNSWICK-LAKEWOOD, NJ 1,072 $340,300,000 $317,444
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 583 $336,705,000 $577,539
AUSTIN-ROUND ROCK-GEORGETOWN, TX 1,003 $296,965,000 $296,077
SAN ANTONIO-NEW BRAUNFELS, TX 1,152 $287,380,000 $249,462
LAS VEGAS-HENDERSON-PARADISE, NV 951 $281,765,000 $296,283
BELLINGHAM, WA 871 $278,105,000 $319,294
NASSAU COUNTY-SUFFOLK COUNTY, NY 630 $258,590,000 $410,460
OGDEN-CLEARFIELD, UT 880 $257,470,000 $292,580
SANTA ROSA-PETALUMA, CA 549 $245,835,000 $447,787
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 347 $238,105,000 $686,182
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 906 $236,200,000 $260,706
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 839 $232,495,000 $277,110
SALEM, OR 813 $227,765,000 $280,154
ANCHORAGE, AK 696 $213,000,000 $306,034
CINCINNATI, OH-KY-IN 1,137 $204,365,000 $179,741
PROVO-OREM, UT 646 $197,520,000 $305,759
FORT WORTH-ARLINGTON-GRAPEVINE, TX 762 $184,600,000 $242,257
OXNARD-THOUSAND OAKS-VENTURA, CA 358 $182,470,000 $509,693
BREMERTON-SILVERDALE-PORT ORCHARD, WA 501 $179,995,000 $359,271
CHICO, CA 669 $177,055,000 $264,656
JACKSONVILLE, FL 716 $176,350,000 $246,299
BOSTON, MA 436 $171,500,000 $393,349
BEND, OR 508 $166,450,000 $327,657
NORTH PORT-SARASOTA-BRADENTON, FL 654 $163,600,000 $250,153
GREELEY, CO 515 $163,225,000 $316,942
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 748 $162,970,000 $217,874
SANTA MARIA-SANTA BARBARA, CA 327 $162,715,000 $497,599
DETROIT-DEARBORN-LIVONIA, MI 901 $158,175,000 $175,555
FORT COLLINS, CO 438 $149,510,000 $341,347
CAMDEN, NJ 593 $142,195,000 $239,789
SPOKANE-SPOKANE VALLEY, WA 561 $140,895,000 $251,150
LAKELAND-WINTER HAVEN, FL 654 $133,930,000 $204,786
MEDFORD, OR 477 $129,365,000 $271,205
BOULDER, CO 341 $128,185,000 $375,909
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 328 $128,100,000 $390,549
RENO, NV 373 $126,415,000 $338,914
NEW ORLEANS-METAIRIE, LA 553 $123,615,000 $223,535
LAKE COUNTY-KENOSHA COUNTY, IL-WI 480 $123,370,000 $257,021
OLYMPIA-LACEY-TUMWATER, WA 407 $121,595,000 $298,759
PROVIDENCE-WARWICK, RI-MA 479 $120,915,000 $252,432
DAYTON-KETTERING, OH 792 $120,080,000 $151,616
SAN LUIS OBISPO-PASO ROBLES, CA 265 $118,795,000 $448,283
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 446 $117,200,000 $262,780
YAKIMA, WA 455 $114,685,000 $252,055
CHATTANOOGA, TN-GA 578 $114,470,000 $198,045
ELGIN, IL 508 $114,390,000 $225,177
KANSAS CITY, MO-KS 524 $114,160,000 $217,863
PEORIA, IL 771 $109,465,000 $141,978
RICHMOND, VA 406 $108,710,000 $267,759
SEBASTIAN-VERO BEACH, FL 510 $105,050,000 $205,980
CORPUS CHRISTI, TX 490 $104,950,000 $214,184
SALISBURY, MD-DE 386 $103,710,000 $268,679
COLUMBUS, OH 508 $103,660,000 $204,055
WENATCHEE, WA 338 $101,820,000 $301,243
BAKERSFIELD, CA 440 $101,000,000 $229,545
OCEAN CITY, NJ 355 $99,805,000 $281,141
BOISE CITY, ID 396 $99,730,000 $251,843
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 469 $99,365,000 $211,866
MOUNT VERNON-ANACORTES, WA 289 $98,355,000 $340,329
ATLANTIC CITY-HAMMONTON, NJ 503 $97,565,000 $193,966
ST. LOUIS, MO-IL 434 $93,240,000 $214,839
STOCKTON, CA 263 $91,645,000 $348,460
PORTLAND-SOUTH PORTLAND, ME 323 $89,625,000 $277,477
LANCASTER, PA 420 $89,430,000 $212,929
KENNEWICK-RICHLAND, WA 326 $89,070,000 $273,221
PALM BAY-MELBOURNE-TITUSVILLE, FL 378 $84,030,000 $222,302
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 282 $81,590,000 $289,326
SALINAS, CA 184 $81,550,000 $443,207
SAN RAFAEL, CA 132 $80,950,000 $613,258
PANAMA CITY, FL 346 $80,590,000 $232,919
EUGENE-SPRINGFIELD, OR 295 $80,445,000 $272,695
OMAHA-COUNCIL BLUFFS, NE-IA 337 $79,515,000 $235,950
ALBANY-LEBANON, OR 293 $77,825,000 $265,614
BRIDGEPORT-STAMFORD-NORWALK, CT 241 $76,915,000 $319,149
PORT ST. LUCIE, FL 335 $74,835,000 $223,388
GRANTS PASS, OR 282 $72,590,000 $257,411
CAPE CORAL-FORT MYERS, FL 321 $71,155,000 $221,667
ALBUQUERQUE, NM 325 $70,645,000 $217,369
VISALIA, CA 283 $70,415,000 $248,816
CHARLOTTE-CONCORD-GASTONIA, NC-SC 260 $68,740,000 $264,385
BATON ROUGE, LA 356 $67,800,000 $190,449
KAHULUI-WAILUKU-LAHAINA, HI 121 $66,655,000 $550,868
CHARLESTON-NORTH CHARLESTON, SC 238 $66,270,000 $278,445
RALEIGH-CARY, NC 247 $65,285,000 $264,312
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 304 $62,610,000 $205,954
WILMINGTON, DE-MD-NJ 246 $61,830,000 $251,341
BIRMINGHAM-HOOVER, AL 256 $60,770,000 $237,383
NAPA, CA 121 $60,365,000 $498,884
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 172 $58,030,000 $337,384
OKLAHOMA CITY, OK 294 $55,330,000 $188,197
SHREVEPORT-BOSSIER CITY, LA 285 $55,185,000 $193,632
ST. GEORGE, UT 191 $54,965,000 $287,775
GARY, IN 262 $52,880,000 $201,832
NAPLES-MARCO ISLAND, FL 157 $48,955,000 $311,815
PHILADELPHIA, PA 174 $47,630,000 $273,736
GRAND RAPIDS-KENTWOOD, MI 236 $46,560,000 $197,288
MODESTO, CA 161 $45,705,000 $283,882
TUCSON, AZ 205 $45,695,000 $222,902
MILWAUKEE-WAUKESHA, WI 185 $45,465,000 $245,757
LOUISVILLE/JEFFERSON COUNTY, KY-IN 209 $39,295,000 $188,014
GREENSBORO-HIGH POINT, NC 235 $39,205,000 $166,830
PUNTA GORDA, FL 183 $38,215,000 $208,825
TULSA, OK 201 $36,285,000 $180,522
FARGO, ND-MN 164 $36,270,000 $221,159
SPRINGFIELD, OH 243 $35,495,000 $146,070
LAKE CHARLES, LA 172 $35,450,000 $206,105
FRESNO, CA 128 $35,380,000 $276,406
NEW HAVEN-MILFORD, CT 146 $35,170,000 $240,890
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 245 $34,255,000 $139,816
PENSACOLA-FERRY PASS-BRENT, FL 132 $33,930,000 $257,045
EL PASO, TX 200 $33,750,000 $168,750
LAFAYETTE-WEST LAFAYETTE, IN 199 $33,325,000 $167,462
WILMINGTON, NC 126 $32,780,000 $260,159
FORT WAYNE, IN 192 $32,150,000 $167,448
LOGAN, UT-ID 130 $31,720,000 $244,000
BUFFALO-CHEEKTOWAGA, NY 172 $31,520,000 $183,256
DURHAM-CHAPEL HILL, NC 132 $31,450,000 $238,258
KNOXVILLE, TN 155 $30,965,000 $199,774
FLINT, MI 183 $30,565,000 $167,022
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 102 $30,400,000 $298,039
PRESCOTT VALLEY-PRESCOTT, AZ 116 $29,490,000 $254,224
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 142 $29,390,000 $206,972
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 96 $28,460,000 $296,458
WORCESTER, MA-CT 109 $28,355,000 $260,138
GRAND JUNCTION, CO 105 $27,515,000 $262,048
COLUMBIA, SC 140 $27,120,000 $193,714
YUBA CITY, CA 93 $26,935,000 $289,624
ANN ARBOR, MI 113 $26,495,000 $234,469
LAKE HAVASU CITY-KINGMAN, AZ 118 $25,910,000 $219,576
TRENTON-PRINCETON, NJ 106 $25,850,000 $243,868
CLEVELAND-ELYRIA, OH 140 $25,820,000 $184,429
DOVER, DE 107 $24,855,000 $232,290
KILLEEN-TEMPLE, TX 138 $24,770,000 $179,493
SANTA CRUZ-WATSONVILLE, CA 41 $24,475,000 $596,951
MOBILE, AL 138 $24,240,000 $175,652
JACKSONVILLE, NC 129 $24,005,000 $186,085
HUNTINGTON-ASHLAND, WV-KY-OH 152 $22,770,000 $149,803
MADISON, WI 88 $22,480,000 $255,455
HILTON HEAD ISLAND-BLUFFTON, SC 62 $22,200,000 $358,065
LONGVIEW, WA 76 $22,030,000 $289,868
CORVALLIS, OR 67 $21,495,000 $320,821
MANCHESTER-NASHUA, NH 86 $21,300,000 $247,674
OCALA, FL 120 $21,230,000 $176,917
MEMPHIS, TN-MS-AR 91 $20,595,000 $226,319
SPARTANBURG, SC 114 $20,280,000 $177,895
ALBANY-SCHENECTADY-TROY, NY 95 $19,765,000 $208,053
FAYETTEVILLE, NC 99 $19,635,000 $198,333
LEWISTON, ID-WA 76 $19,310,000 $254,079
HAMMOND, LA 113 $19,245,000 $170,310
PUEBLO, CO 88 $19,030,000 $216,250
STATE COLLEGE, PA 85 $18,235,000 $214,529
PITTSBURGH, PA 92 $18,000,000 $195,652
SCRANTON--WILKES-BARRE, PA 126 $17,780,000 $141,111
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 97 $17,705,000 $182,526
READING, PA 86 $17,560,000 $204,186
MUNCIE, IN 137 $17,495,000 $127,701
WINSTON-SALEM, NC 95 $17,435,000 $183,526
CALIFORNIA-LEXINGTON PARK, MD 55 $17,435,000 $317,000
GREENVILLE-ANDERSON, SC 84 $16,950,000 $201,786
YORK-HANOVER, PA 85 $16,765,000 $197,235
EVANSVILLE, IN-KY 119 $16,555,000 $139,118
LAFAYETTE, LA 89 $16,305,000 $183,202
TOLEDO, OH 98 $16,020,000 $163,469
FOND DU LAC, WI 102 $15,940,000 $156,275
DAPHNE-FAIRHOPE-FOLEY, AL 50 $15,790,000 $315,800
BARNSTABLE TOWN, MA 50 $15,670,000 $313,400
MONTGOMERY, AL 75 $15,535,000 $207,133
JACKSON, MS 74 $15,520,000 $209,730
GAINESVILLE, FL 86 $15,510,000 $180,349
REDDING, CA 62 $15,280,000 $246,452
FAIRBANKS, AK 54 $15,260,000 $282,593
HARRISBURG-CARLISLE, PA 70 $14,920,000 $213,143
CLARKSVILLE, TN-KY 67 $14,055,000 $209,776
HOMOSASSA SPRINGS, FL 84 $14,020,000 $166,905
SHERMAN-DENISON, TX 68 $13,780,000 $202,647
AUGUSTA-RICHMOND COUNTY, GA-SC 63 $13,385,000 $212,460
EAST STROUDSBURG, PA 69 $13,365,000 $193,696
COEUR D'ALENE, ID 41 $13,315,000 $324,756
MERCED, CA 51 $13,245,000 $259,706
ROCHESTER, NY 78 $13,070,000 $167,564
HUNTSVILLE, AL 57 $12,125,000 $212,719
KINGSPORT-BRISTOL, TN-VA 76 $12,030,000 $158,289
MONROE, MI 57 $11,465,000 $201,140
WINCHESTER, VA-WV 41 $11,345,000 $276,707
AKRON, OH 76 $11,150,000 $146,711
HAGERSTOWN-MARTINSBURG, MD-WV 49 $11,095,000 $226,429
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 61 $11,035,000 $180,902
GREENVILLE, NC 81 $10,925,000 $134,877
MUSKEGON, MI 76 $10,850,000 $142,763
BISMARCK, ND 41 $10,835,000 $264,268
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 74 $10,630,000 $143,649
DES MOINES-WEST DES MOINES, IA 47 $10,535,000 $224,149
LANSING-EAST LANSING, MI 61 $10,505,000 $172,213
LAREDO, TX 54 $10,130,000 $187,593
TOPEKA, KS 75 $10,015,000 $133,533
MADERA, CA 35 $9,995,000 $285,571
BLOOMINGTON, IN 46 $9,840,000 $213,913
GAINESVILLE, GA 35 $9,835,000 $281,000
COLLEGE STATION-BRYAN, TX 50 $9,480,000 $189,600
EL CENTRO, CA 42 $9,420,000 $224,286
SAVANNAH, GA 36 $8,960,000 $248,889
DULUTH, MN-WI 51 $8,935,000 $175,196
ASHEVILLE, NC 34 $8,380,000 $246,471
ROANOKE, VA 38 $8,350,000 $219,737
FLAGSTAFF, AZ 27 $7,825,000 $289,815
JACKSON, MI 52 $7,750,000 $149,038
HANFORD-CORCORAN, CA 32 $7,690,000 $240,313
LEXINGTON-FAYETTE, KY 40 $7,590,000 $189,750
TALLAHASSEE, FL 42 $7,500,000 $178,571
CANTON-MASSILLON, OH 50 $7,450,000 $149,000
BLACKSBURG-CHRISTIANSBURG, VA 38 $7,450,000 $196,053
HOUMA-THIBODAUX, LA 49 $7,435,000 $151,735
ABILENE, TX 43 $7,235,000 $168,256
WARNER ROBINS, GA 33 $7,055,000 $213,788
HATTIESBURG, MS 39 $6,715,000 $172,179
SEBRING-AVON PARK, FL 40 $6,640,000 $166,000
SPRINGFIELD, MO 36 $6,550,000 $181,944
GULFPORT-BILOXI, MS 39 $6,495,000 $166,538
JOHNSON CITY, TN 37 $6,495,000 $175,541
LYNCHBURG, VA 33 $6,465,000 $195,909
SPRINGFIELD, MA 33 $6,355,000 $192,576
JONESBORO, AR 43 $6,295,000 $146,395
WACO, TX 32 $6,290,000 $196,563
TYLER, TX 35 $6,285,000 $179,571
CHARLOTTESVILLE, VA 21 $6,185,000 $294,524
IDAHO FALLS, ID 28 $6,020,000 $215,000
CHEYENNE, WY 18 $5,930,000 $329,444
ROCHESTER, MN 29 $5,775,000 $199,138
VINELAND-BRIDGETON, NJ 42 $5,770,000 $137,381
RAPID CITY, SD 26 $5,530,000 $212,692
AUBURN-OPELIKA, AL 22 $5,520,000 $250,909
APPLETON, WI 23 $5,435,000 $236,304
CASPER, WY 23 $5,205,000 $226,304
CAPE GIRARDEAU, MO-IL 25 $5,185,000 $207,400
BEAUMONT-PORT ARTHUR, TX 32 $5,100,000 $159,375
MICHIGAN CITY-LA PORTE, IN 29 $5,065,000 $174,655
WALLA WALLA, WA 17 $5,065,000 $297,941
TERRE HAUTE, IN 39 $4,985,000 $127,821
CLEVELAND, TN 25 $4,855,000 $194,200
ALEXANDRIA, LA 27 $4,845,000 $179,444
NORWICH-NEW LONDON, CT 22 $4,800,000 $218,182
GETTYSBURG, PA 23 $4,745,000 $206,304
KALAMAZOO-PORTAGE, MI 27 $4,585,000 $169,815
JANESVILLE-BELOIT, WI 24 $4,570,000 $190,417
LAS CRUCES, NM 24 $4,540,000 $189,167
GRAND FORKS, ND-MN 25 $4,405,000 $176,200
MIDLAND, TX 16 $4,350,000 $271,875
THE VILLAGES, FL 20 $4,260,000 $213,000
BOWLING GREEN, KY 24 $4,220,000 $175,833
BLOOMINGTON, IL 23 $4,185,000 $181,957
WICHITA, KS 23 $4,185,000 $181,957
JOHNSTOWN, PA 23 $4,055,000 $176,304
RACINE, WI 18 $4,030,000 $223,889
TWIN FALLS, ID 21 $4,025,000 $191,667
LEBANON, PA 21 $4,015,000 $191,190
BURLINGTON, NC 22 $3,990,000 $181,364
ALTOONA, PA 25 $3,875,000 $155,000
SIOUX FALLS, SD 18 $3,870,000 $215,000
GREEN BAY, WI 21 $3,845,000 $183,095
YUMA, AZ 21 $3,735,000 $177,857
TUSCALOOSA, AL 18 $3,720,000 $206,667
AMARILLO, TX 18 $3,600,000 $200,000
SUMTER, SC 15 $3,485,000 $232,333
CHAMPAIGN-URBANA, IL 18 $3,420,000 $190,000
ELKHART-GOSHEN, IN 18 $3,310,000 $183,889
CEDAR RAPIDS, IA 16 $3,290,000 $205,625
SIERRA VISTA-DOUGLAS, AZ 16 $3,120,000 $195,000
SANTA FE, NM 10 $3,090,000 $309,000
ATHENS-CLARKE COUNTY, GA 15 $3,075,000 $205,000
FORT SMITH, AR-OK 19 $3,055,000 $160,789
LONGVIEW, TX 17 $3,035,000 $178,529
DALTON, GA 17 $2,955,000 $173,824
CARSON CITY, NV 9 $2,945,000 $327,222
COLUMBIA, MO 12 $2,940,000 $245,000
ROCKFORD, IL 21 $2,915,000 $138,810
LUBBOCK, TX 17 $2,865,000 $168,529
OSHKOSH-NEENAH, WI 17 $2,825,000 $166,176
BILLINGS, MT 12 $2,760,000 $230,000
COLUMBUS, IN 17 $2,755,000 $162,059
VICTORIA, TX 15 $2,735,000 $182,333
WICHITA FALLS, TX 13 $2,735,000 $210,385
LEWISTON-AUBURN, ME 14 $2,700,000 $192,857
MCALLEN-EDINBURG-MISSION, TX 14 $2,700,000 $192,857
LINCOLN, NE 14 $2,700,000 $192,857
JOPLIN, MO 24 $2,660,000 $110,833
BRUNSWICK, GA 8 $2,650,000 $331,250
NILES, MI 17 $2,645,000 $155,588
BINGHAMTON, NY 22 $2,630,000 $119,545
COLUMBUS, GA-AL 12 $2,620,000 $218,333
SOUTH BEND-MISHAWAKA, IN-MI 17 $2,565,000 $150,882
BURLINGTON-SOUTH BURLINGTON, VT 9 $2,565,000 $285,000
ELIZABETHTOWN-FORT KNOX, KY 13 $2,495,000 $191,923
SHEBOYGAN, WI 12 $2,470,000 $205,833
ODESSA, TX 12 $2,430,000 $202,500
BROWNSVILLE-HARLINGEN, TX 13 $2,305,000 $177,308
CHAMBERSBURG-WAYNESBORO, PA 10 $2,270,000 $227,000
JEFFERSON CITY, MO 13 $2,255,000 $173,462
VALDOSTA, GA 9 $2,225,000 $247,222
HICKORY-LENOIR-MORGANTON, NC 11 $2,185,000 $198,636
MORRISTOWN, TN 10 $2,160,000 $216,000
POCATELLO, ID 10 $2,130,000 $213,000
SPRINGFIELD, IL 18 $2,110,000 $117,222
SYRACUSE, NY 12 $2,100,000 $175,000
DECATUR, AL 12 $2,090,000 $174,167
KANKAKEE, IL 13 $2,085,000 $160,385
MONROE, LA 12 $2,070,000 $172,500
GOLDSBORO, NC 12 $1,990,000 $165,833
TEXARKANA, TX-AR 11 $1,925,000 $175,000
ANNISTON-OXFORD, AL 13 $1,875,000 $144,231
LAWTON, OK 9 $1,835,000 $203,889
LAWRENCE, KS 7 $1,835,000 $262,143
DOTHAN, AL 8 $1,810,000 $226,250
HINESVILLE, GA 8 $1,800,000 $225,000
AMES, IA 7 $1,755,000 $250,714
LA CROSSE-ONALASKA, WI-MN 7 $1,695,000 $242,143
WATERTOWN-FORT DRUM, NY 5 $1,655,000 $331,000
SAGINAW, MI 14 $1,640,000 $117,143
SAN ANGELO, TX 9 $1,635,000 $181,667
KINGSTON, NY 7 $1,625,000 $232,143
WAUSAU-WESTON, WI 10 $1,620,000 $162,000
MISSOULA, MT 6 $1,600,000 $266,667
KOKOMO, IN 10 $1,550,000 $155,000
NEW BERN, NC 9 $1,525,000 $169,444
JACKSON, TN 10 $1,480,000 $148,000
EAU CLAIRE, WI 8 $1,460,000 $182,500
GADSDEN, AL 9 $1,425,000 $158,333
STAUNTON, VA 7 $1,405,000 $200,714
MACON-BIBB COUNTY, GA 7 $1,405,000 $200,714
BANGOR, ME 8 $1,300,000 $162,500
WILLIAMSPORT, PA 7 $1,265,000 $180,714
ERIE, PA 8 $1,260,000 $157,500
MANKATO, MN 8 $1,250,000 $156,250
DANVILLE, IL 8 $1,240,000 $155,000
IOWA CITY, IA 6 $1,220,000 $203,333
HOT SPRINGS, AR 9 $1,195,000 $132,778
GLENS FALLS, NY 5 $1,145,000 $229,000
ALBANY, GA 6 $1,130,000 $188,333
MANSFIELD, OH 10 $1,110,000 $111,000
ST. JOSEPH, MO-KS 6 $1,060,000 $176,667
ST. CLOUD, MN 7 $1,025,000 $146,429
WHEELING, WV-OH 6 $1,010,000 $168,333
ROCKY MOUNT, NC 8 $1,000,000 $125,000
BATTLE CREEK, MI 6 $990,000 $165,000
DECATUR, IL 8 $950,000 $118,750
HARRISONBURG, VA 4 $890,000 $222,500
FARMINGTON, NM 4 $800,000 $200,000
FLORENCE-MUSCLE SHOALS, AL 4 $790,000 $197,500
MIDLAND, MI 6 $770,000 $128,333
MORGANTOWN, WV 3 $735,000 $245,000
ENID, OK 6 $690,000 $115,000
FLORENCE, SC 4 $640,000 $160,000
BAY CITY, MI 5 $585,000 $117,000
GREAT FALLS, MT 3 $575,000 $191,667
PARKERSBURG-VIENNA, WV 5 $525,000 $105,000
DUBUQUE, IA 3 $515,000 $171,667
BECKLEY, WV 4 $490,000 $122,500
ROME, GA 3 $485,000 $161,667
CHARLESTON, WV 4 $480,000 $120,000
OWENSBORO, KY 3 $425,000 $141,667
GRAND ISLAND, NE 2 $420,000 $210,000
LIMA, OH 4 $400,000 $100,000
WATERLOO-CEDAR FALLS, IA 2 $390,000 $195,000
CUMBERLAND, MD-WV 3 $375,000 $125,000
MANHATTAN, KS 2 $370,000 $185,000
CARBONDALE-MARION, IL 1 $315,000 $315,000
ITHACA, NY 1 $255,000 $255,000
UTICA-ROME, NY 2 $250,000 $125,000
SIOUX CITY, IA-NE-SD 2 $220,000 $110,000
BLOOMSBURG-BERWICK, PA 2 $220,000 $110,000
PITTSFIELD, MA 1 $185,000 $185,000
PINE BLUFF, AR 2 $180,000 $90,000

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% 51 $4,335,000 $85,000
2.5-3% 1,121 $352,295,000 $314,269
3-4% 66,592 $21,154,820,000 $317,678
4-5% 54,473 $15,482,545,000 $284,224
5-6% 12,016 $3,143,410,000 $261,602
6-7% 928 $387,490,000 $417,554
7-8% 437 $166,015,000 $379,897
Over 8% 428 $107,420,000 $250,981

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 6,387 $478,035,000 $74,845
$100k-200k 35,039 $5,428,695,000 $154,933
$200k-400k 65,282 $18,678,900,000 $286,126
$400k-600k 22,110 $10,488,070,000 $474,359
$600k-1000k 6,311 $4,451,035,000 $705,282
$Over $1MM 917 $1,273,595,000 $1,388,871

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% 2,592 $577,580,000 $222,832
40-60% 9,191 $2,672,325,000 $290,755
60-80% 36,851 $11,797,605,000 $320,143
80-100% 82,218 $24,132,410,000 $293,517
Over 100% 4,639 $1,547,845,000 $333,659
Under 20% 367 $39,785,000 $108,406

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 28,215 $9,732,275,000 $344,933
$150k-250k 17,180 $7,290,340,000 $424,350
$50k-75k 29,057 $6,386,485,000 $219,792
$50k-or less 17,482 $2,620,940,000 $149,922
$75k-100k 23,105 $6,440,505,000 $278,749
$Over $250k 6,303 $3,669,135,000 $582,125

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 98,886 $28,835,350,000 $291,602
Not provided 18,441 $6,050,265,000 $328,088
Asian 7,820 $2,798,770,000 $357,899
Black 8,497 $2,303,115,000 $271,050
American Indian 870 $238,570,000 $274,218
Native Hawaiian 392 $144,030,000 $367,423
Asian Indian 324 $132,160,000 $407,901
Filipino 217 $85,225,000 $392,742
Other Asian 237 $79,395,000 $335,000
Chinese 75 $30,155,000 $402,067
Japanese 74 $24,640,000 $332,973
Korean 59 $23,465,000 $397,712
Vietnamese 57 $21,175,000 $371,491
Other Pacific Islander 58 $18,480,000 $318,621
Guamanian 16 $6,080,000 $380,000
Native Hawiian 13 $4,555,000 $350,385
Samoan 9 $2,495,000 $277,222
1 $405,000 $405,000

Approval Rates

Total approvals of all applications
94.37%

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
63.99%

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 136,046 $40,798,330,000 $299,886

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 45,349 $12,476,975,000 $275,132
$1k-2k 52,381 $16,007,175,000 $305,591
$2k-3k 12,359 $3,297,445,000 $266,805
$3k-4k 13,581 $4,083,355,000 $300,667
$5k+ 9,708 $4,438,410,000 $457,191

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 2,539 $456,295,000 $179,714
Single Family (1-4 Units):Site-Built 133,507 $40,342,035,000 $302,172