The Money Source Mortgage Rates, Fees & Info
NEW YORK, NYLEI: 549300JOT0D4J0SZIK67
Tax ID: 11-3412303
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Mortgage Data
Review & Overview
The Money Source is a smaller mortgage company specializing in Refi and Cash Out Refi loans. They have a a high proportion of FHA loans. The Money Source has an average proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Phoenix, Riverside, Dallas, and New York among others. We have data for 232 markets. (Some data included below & more in-depth data is available with an active subscription.)The Money Source 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. The Money Source 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 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.
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 | 6.27% | 4/28/24 |
| 30 Year Conventional Refi | 6.27% | 4/28/24 |
| 30 Year Cash-out Refi | 6.27% | 4/28/24 |
| 30 Year FHA Purchase | 6.27% | 4/28/24 |
| 30 Year FHA Refi | 6.27% | 4/28/24 |
| 30 Year VA Purchase | 6.27% | 4/28/24 |
| 30 Year VA Refi | 6.27% | 4/28/24 |
| 30 Year USDA Purchase | 6.27% | 4/28/24 |
| 30 Year USDA Refi | 6.27% | 4/28/24 |
| 15 Year Conventional Purchase | 5.68% | 4/28/24 |
| 15 Year Conventional Refi | 5.68% | 4/28/24 |
| 15 Year Cash-out Refi | 5.68% | 4/28/24 |
| 15 Year FHA Purchase | 5.68% | 4/28/24 |
| 15 Year VA 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. | ||
The Money Source Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,052Origination Dollar Volume (All Markets)
$271,030,000Awards
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THE MONEY SOURCE - 2019
THE MONEY SOURCE is a 2019 , due to their low .
For 2019, 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 61 | $24,025,000 | $393,852 | $7,692 | 4.68% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 89 | $21,325,000 | $239,607 | $5,437 | 4.64% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 48 | $14,920,000 | $310,833 | $6,150 | 4.61% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 46 | $11,120,000 | $241,739 | $5,288 | 4.76% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 23 | $9,005,000 | $391,522 | $10,212 | 4.77% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 27 | $8,405,000 | $311,296 | $7,673 | 4.70% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 39 | $8,215,000 | $210,641 | $5,323 | 4.77% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 25 | $8,175,000 | $327,000 | $7,096 | 4.62% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 21 | $7,745,000 | $368,810 | $10,132 | 4.51% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 23 | $6,945,000 | $301,957 | $7,628 | 4.58% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 25 | $6,815,000 | $272,600 | $6,144 | 4.61% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 13 | $6,515,000 | $501,154 | $10,800 | 4.53% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 24 | $4,980,000 | $207,500 | $5,238 | 4.74% |
| Outside of Metro Areas | 25 | $4,935,000 | $197,400 | $5,316 | 4.90% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 21 | $4,225,000 | $201,190 | $5,177 | 4.80% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 13 | $3,735,000 | $287,308 | $6,899 | 4.53% |
| FRESNO, CA (FHA|USDA|VA) | 12 | $3,240,000 | $270,000 | $5,625 | 4.74% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 7 | $3,235,000 | $462,143 | $7,924 | 4.82% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 15 | $3,155,000 | $210,333 | $5,515 | 4.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 13 | $2,765,000 | $212,692 | $5,392 | 4.87% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 8 | $2,300,000 | $287,500 | $7,907 | 4.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 11 | $2,225,000 | $202,273 | $4,934 | 4.49% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 11 | $2,185,000 | $198,636 | $6,954 | 4.57% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $2,150,000 | $537,500 | $10,897 | 4.69% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 8 | $2,090,000 | $261,250 | $5,271 | 4.92% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 5 | $2,035,000 | $407,000 | $10,262 | 4.48% |
| VALLEJO, CA (FHA|USDA|VA) | 5 | $1,915,000 | $383,000 | $6,743 | 4.88% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 7 | $1,875,000 | $267,857 | $3,096 | 4.64% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 10 | $1,850,000 | $185,000 | $6,040 | 4.73% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 8 | $1,840,000 | $230,000 | $5,641 | 4.64% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 6 | $1,800,000 | $300,000 | $2,551 | 4.58% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 8 | $1,670,000 | $208,750 | $3,880 | 4.41% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 6 | $1,630,000 | $271,667 | $6,334 | 4.94% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 8 | $1,610,000 | $201,250 | $6,340 | 4.61% |
| KNOXVILLE, TN (FHA|USDA|VA) | 8 | $1,500,000 | $187,500 | $4,589 | 4.94% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $1,415,000 | $283,000 | $7,933 | 4.60% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 5 | $1,385,000 | $277,000 | $7,370 | 4.38% |
| RENO, NV (FHA|USDA|VA) | 5 | $1,375,000 | $275,000 | $3,294 | 4.83% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 5 | $1,365,000 | $273,000 | $6,351 | 4.85% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $1,325,000 | $265,000 | $8,535 | 4.60% |
| GREELEY, CO (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $6,558 | 4.63% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 8 | $1,280,000 | $160,000 | $5,710 | 4.73% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $6,291 | 4.46% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 6 | $1,260,000 | $210,000 | $3,176 | 4.58% |
| SALEM, OR (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $6,018 | 4.45% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 7 | $1,235,000 | $176,429 | $4,492 | 4.93% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 5 | $1,195,000 | $239,000 | $6,886 | 4.80% |
| STOCKTON, CA (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $7,132 | 4.56% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 6 | $1,190,000 | $198,333 | $3,620 | 4.60% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $5,422 | 4.81% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $2,475 | 4.85% |
| YUBA CITY, CA (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $5,443 | 4.28% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $6,605 | 4.71% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $5,931 | 4.71% |
| CASPER, WY (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $5,501 | 4.63% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $3,225 | 4.83% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $5,672 | 4.65% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $6,124 | 4.38% |
| REDDING, CA (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $3,443 | 4.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $5,609 | 4.34% |
| BEND, OR (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $8,586 | 4.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $5,718 | 4.67% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $3,309 | 4.92% |
| NEW BERN, NC (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $2,511 | 5.13% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $8,143 | 4.54% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $3,777 | 4.94% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 5 | $685,000 | $137,000 | $4,358 | 4.60% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $7,796 | 4.63% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $3,749 | 4.75% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $2,841 | 4.67% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $4,874 | 4.50% |
| MEDFORD, OR (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $5,652 | 4.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $8,198 | 4.33% |
| Fernley, NV (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $6,984 | 4.88% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $10,309 | 4.94% |
| Newport, OR (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $5,997 | 4.83% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $3,290 | 4.67% |
| NAPA, CA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $18,830 | 4.38% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $8,631 | 4.94% |
| Payson, AZ (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $3,149 | 5.13% |
| Shelton, WA (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $5,525 | 4.50% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $6,774 | 4.94% |
| SANTA FE, NM (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $5,025 | 4.88% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $3,980 | 4.56% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $8,745 | 4.81% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $5,502 | 5.06% |
| Port Angeles, WA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $5,673 | 5.13% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $6,229 | 4.94% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $4,003 | 4.83% |
| Moses Lake, WA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,685 | 5.00% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,554 | 5.50% |
| Centralia, WA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $2,852 | 4.81% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,225 | 4.94% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,610 | 4.69% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $7,408 | 4.71% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $1,809 | 4.81% |
| Aberdeen, WA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,517 | 4.81% |
| Oak Harbor, WA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $9,743 | 4.31% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $3,786 | 4.50% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,918 | 4.50% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $1,035 | 4.50% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $5,187 | 4.50% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $6,127 | 4.69% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,908 | 5.06% |
| APPLETON, WI (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,905 | 4.75% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $8,409 | 4.44% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $4,967 | 4.75% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,321 | 4.69% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,951 | 5.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,087 | 4.75% |
| MADISON, WI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $6,047 | 4.38% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $6,720 | 4.50% |
| WENATCHEE, WA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $8,103 | 4.50% |
| TULSA, OK (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $7,935 | 4.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,363 | 4.88% |
| Brookings, OR (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $18,445 | 4.75% |
| North Wilkesboro, NC (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,500 | 4.56% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,020 | 4.50% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,477 | 4.38% |
| MORRISTOWN, TN (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $6,419 | 4.94% |
| Key West, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,835 | 4.38% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,875 | 4.50% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,085 | 4.50% |
| Laramie, WY (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $11,283 | 4.88% |
| Traverse City, MI (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $6,404 | 5.13% |
| Dickinson, ND (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $14,609 | 4.88% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,985 | 5.00% |
| Los Alamos, NM (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $15,385 | 4.25% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,130 | 5.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,769 | 5.63% |
| Elko, NV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,639 | 4.88% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,880 | 4.75% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,749 | 4.25% |
| Del Rio, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,838 | 4.38% |
| Findlay, OH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $990 | 4.75% |
| FARMINGTON, NM (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $8,003 | 4.63% |
| Safford, AZ (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,103 | 5.31% |
| NILES, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,880 | 4.50% |
| Helena, MT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,195 | 4.75% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $10,614 | 4.38% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,745 | 4.88% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,038 | 4.75% |
| Seymour, IN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,706 | 4.50% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,334 | 4.63% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,864 | 5.00% |
| FLINT, MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,477 | 4.50% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,546 | 4.25% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,813 | 4.88% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $5,626 | 4.75% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,982 | 4.75% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,276 | 4.38% |
| MERCED, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,604 | 4.75% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,579 | 4.88% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,610 | 5.25% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,159 | 4.50% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,769 | 3.75% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,121 | 4.63% |
| Danville, VA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,582 | 4.88% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,743 | 4.25% |
| Chillicothe, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $890 | 4.75% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,550 | 3.75% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,459 | 4.88% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,412 | 4.88% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,279 | 4.88% |
| Craig, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,538 | 4.50% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,967 | 4.38% |
| Albert Lea, MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,163 | 4.88% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,449 | 5.38% |
| Albertville, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,385 | 4.00% |
| Berlin, NH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,229 | 4.50% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,883 | 4.88% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $11,381 | 4.75% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,998 | 4.88% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,413 | 4.75% |
| READING, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,907 | 4.75% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,242 | 4.25% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,724 | 6.00% |
| Holland, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,073 | 4.88% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,058 | 5.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,789 | 4.38% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,187 | 4.13% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,978 | 4.38% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,798 | 5.63% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,998 | 4.50% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,768 | 4.75% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,597 | 4.88% |
| CHICO, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,105 | 4.38% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,593 | 4.88% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,363 | 4.38% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,499 | 4.50% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,400 | 4.88% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,221 | 4.13% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,065 | 5.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,079 | 5.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,144 | 4.75% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,281 | 4.88% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,979 | 5.50% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,552 | 5.13% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,960 | 5.38% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,265 | 5.50% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $750 | 4.75% |
| Athens, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,086 | 5.13% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $10,288 | 4.88% |
| Somerset, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,950 | 4.50% |
| Taos, NM (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,478 | 5.38% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,661 | 4.88% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,415 | 4.75% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,664 | 4.88% |
| Duncan, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,234 | 4.88% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,100 | 5.63% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,499 | 4.88% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,507 | 5.25% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,483 | 3.75% |
| Garden City, KS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,332 | 4.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,517 | 5.13% |
| AKRON, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,824 | 4.75% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,851 | 4.38% |
| KOKOMO, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,998 | 4.75% |
| MONROE, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,142 | 5.25% |
| Silver City, NM (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $11,528 | 4.38% |
| Fallon, NV (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,597 | 3.75% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,432 | 4.75% |
| DOVER, DE (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,438 | 5.00% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,318 | 4.63% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,163 | 4.75% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,728 | 5.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,834 | 4.75% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,420 | 5.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,059 | 4.88% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $7,617 | 3.75% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,523 | 4.38% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,968 | 5.63% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| FHA | 503 | $122,415,000 | $243,370 | $6,793 | 4.71% |
| VA | 295 | $79,095,000 | $268,119 | $5,730 | 4.56% |
| Conventional | 254 | $69,520,000 | $273,701 | $5,391 | 4.82% |
For 2019, The Money Source's most frequently originated type of loan was FHA, with 503 originations. Their 2nd most popular type was VA, with 295 originations.
Loan Reason
For 2019, The Money Source's most frequently cited loan purpose was Refi, with 516 originations. The 2nd most popular reason was Cash Out Refi, with 364 originations.
Loan Duration/Length
For 2019, The Money Source's most frequently cited loan duration was 30 Year, with 922 originations. The 2nd most popular length was Other, with 90 originations.
Origination Fees/Closing Costs
The Money Source's average total fees were $6,241, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 580 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 900 | $235,270,000 | $261,411 |
| 5-6% | 104 | $22,660,000 | $217,885 |
| 3-4% | 46 | $12,420,000 | $270,000 |
| 6-7% | 2 | $680,000 | $340,000 |
During 2019, The Money Source's average interest rate for loans was 4.70%, while their most frequently originated rate bucket for loans was 4-5%, with 900 originations.
Loan Sizing
2019 saw The Money Source place emphasis on $200k-400k loans with 595 originations, totaling $164,705,000 in origination value.
Applicant Income
The Money Source lent most frequently to those with incomes in the $50k-75k range, with 188 originations. The second most popular income band? $100k-150k, with 139 originations.
Applicant Debt to Income Ratio
The Money Source lent most frequently to those with DTI ratios of 50-60%, with 117 originations. The next most common DTI ratio? 30-36%, with 84 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.72%
The Money Source has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination3.42%
The Money Source has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,052 | $271,030,000 | $257,633 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 100 | $18,360,000 | $183,600 |
| Single Family (1-4 Units):Site-Built | 952 | $252,670,000 | $265,410 |