Plaza Home Mortgage Inc.

SAN DIEGO, CA 92121

LEI: 549300JYXTZDSPJEPI44

Tax ID: 33-0941669

2019 Data | 2018 Data


Overview

Plaza Home Mortgage Inc. is a small mortgage company specializing in Home Purchase and Refi loans. Plaza Home Mortgage Inc. has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Houston, Chicago, San Diego, New York, and Phoenix among others. They have an above average approval rate for mortages when compared nationally -- and they have an average pick rate when compared to the same sample of other lendors. Plaza Home Mortgage Inc. is typically a low fee lendor.


Originations

15,694

Origination Dollar Volume (All Markets)

$4,065,400,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 6,711 $1,894,245,000 $282,260
FHA 5,738 $1,240,570,000 $216,203
VA 2,670 $840,670,000 $314,858
USDA 575 $89,915,000 $156,374

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 10,504 $2,479,580,000 $236,061
Refi 4,959 $1,531,425,000 $308,817
Cash Out Refi 231 $54,395,000 $235,476

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
Outside of Metro Areas 1,548 $283,500,000 $183,140
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 841 $195,055,000 $231,932
CHICAGO-NAPERVILLE-EVANSTON, IL 743 $179,945,000 $242,187
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 344 $168,250,000 $489,099
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 362 $153,700,000 $424,586
PHOENIX-MESA-CHANDLER, AZ 500 $135,090,000 $270,180
NASSAU COUNTY-SUFFOLK COUNTY, NY 334 $132,260,000 $395,988
LOS ANGELES-LONG BEACH-GLENDALE, CA 219 $125,095,000 $571,210
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 355 $91,805,000 $258,606
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 265 $87,335,000 $329,566
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 243 $86,405,000 $355,576
URBAN HONOLULU, HI 164 $83,260,000 $507,683
DALLAS-PLANO-IRVING, TX 251 $70,375,000 $280,378
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 251 $68,285,000 $272,052
JACKSONVILLE, FL 295 $68,075,000 $230,763
PITTSBURGH, PA 461 $66,115,000 $143,416
OAKLAND-BERKELEY-LIVERMORE, CA 160 $65,670,000 $410,438
ANAHEIM-SANTA ANA-IRVINE, CA 119 $62,975,000 $529,202
SACRAMENTO-ROSEVILLE-FOLSOM, CA 166 $60,140,000 $362,289
AUSTIN-ROUND ROCK-GEORGETOWN, TX 192 $58,620,000 $305,313
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 130 $53,300,000 $410,000
DENVER-AURORA-LAKEWOOD, CO 154 $50,970,000 $330,974
TAMPA-ST. PETERSBURG-CLEARWATER, FL 179 $45,425,000 $253,771
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 220 $45,050,000 $204,773
ST. CLOUD, MN 209 $42,975,000 $205,622
JACKSONVILLE, NC 254 $42,920,000 $168,976
Outside of Metro Areas 141 $36,755,000 $260,674
NEW HAVEN-MILFORD, CT 171 $35,715,000 $208,860
SYRACUSE, NY 264 $35,070,000 $132,841
MIAMI-MIAMI BEACH-KENDALL, FL 132 $35,050,000 $265,530
INDIANAPOLIS-CARMEL-ANDERSON, IN 172 $34,480,000 $200,465
BOSTON, MA 88 $34,230,000 $388,977
SAN ANTONIO-NEW BRAUNFELS, TX 131 $33,305,000 $254,237
FORT WORTH-ARLINGTON-GRAPEVINE, TX 113 $29,635,000 $262,257
ALBUQUERQUE, NM 134 $28,780,000 $214,776
UTICA-ROME, NY 243 $28,665,000 $117,963
ELGIN, IL 117 $27,705,000 $236,795
WARREN-TROY-FARMINGTON HILLS, MI 129 $26,995,000 $209,264
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 99 $26,075,000 $263,384
BALTIMORE-COLUMBIA-TOWSON, MD 83 $25,445,000 $306,566
PRESCOTT VALLEY-PRESCOTT, AZ 110 $25,190,000 $229,000
FRESNO, CA 95 $25,085,000 $264,053
CHARLESTON-NORTH CHARLESTON, SC 109 $24,865,000 $228,119
SALEM, OR 96 $24,760,000 $257,917
ALBANY-SCHENECTADY-TROY, NY 100 $23,000,000 $230,000
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 63 $22,335,000 $354,524
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 56 $22,120,000 $395,000
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 37 $19,775,000 $534,459
KAHULUI-WAILUKU-LAHAINA, HI 35 $17,915,000 $511,857
EL PASO, TX 112 $17,810,000 $159,018
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 70 $17,620,000 $251,714
BRIDGEPORT-STAMFORD-NORWALK, CT 57 $16,925,000 $296,930
LAKE COUNTY-KENOSHA COUNTY, IL-WI 62 $16,590,000 $267,581
COLORADO SPRINGS, CO 62 $16,470,000 $265,645
MADERA, CA 59 $16,375,000 $277,542
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 47 $15,875,000 $337,766
LAS VEGAS-HENDERSON-PARADISE, NV 48 $15,270,000 $318,125
STOCKTON, CA 51 $14,935,000 $292,843
SEATTLE-BELLEVUE-KENT, WA 33 $14,875,000 $450,758
NEWARK, NJ-PA 43 $14,225,000 $330,814
SANTA ROSA-PETALUMA, CA 30 $14,030,000 $467,667
PROVIDENCE-WARWICK, RI-MA 49 $13,745,000 $280,510
ORLANDO-KISSIMMEE-SANFORD, FL 57 $13,525,000 $237,281
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 59 $12,895,000 $218,559
PHILADELPHIA, PA 62 $12,650,000 $204,032
NEW BRUNSWICK-LAKEWOOD, NJ 39 $12,615,000 $323,462
VALLEJO, CA 33 $12,265,000 $371,667
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 41 $12,185,000 $297,195
MERCED, CA 47 $12,025,000 $255,851
BAKERSFIELD, CA 52 $11,490,000 $220,962
KANSAS CITY, MO-KS 70 $11,490,000 $164,143
VISALIA, CA 45 $10,945,000 $243,222
WATERTOWN-FORT DRUM, NY 58 $10,560,000 $182,069
KOKOMO, IN 74 $10,410,000 $140,676
NORTH PORT-SARASOTA-BRADENTON, FL 39 $10,075,000 $258,333
ERIE, PA 77 $10,045,000 $130,455
WINSTON-SALEM, NC 52 $9,720,000 $186,923
BINGHAMTON, NY 81 $9,695,000 $119,691
BEAUMONT-PORT ARTHUR, TX 57 $9,555,000 $167,632
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 10 $9,230,000 $923,000
CAPE CORAL-FORT MYERS, FL 43 $9,205,000 $214,070
LOUISVILLE/JEFFERSON COUNTY, KY-IN 35 $8,915,000 $254,714
FLINT, MI 57 $8,855,000 $155,351
GRAND JUNCTION, CO 38 $8,780,000 $231,053
WILMINGTON, DE-MD-NJ 25 $8,775,000 $351,000
BUFFALO-CHEEKTOWAGA, NY 53 $8,765,000 $165,377
WILMINGTON, NC 36 $8,700,000 $241,667
CLEVELAND-ELYRIA, OH 56 $8,320,000 $148,571
COLUMBUS, OH 45 $8,235,000 $183,000
ROCHESTER, NY 58 $8,150,000 $140,517
MODESTO, CA 27 $8,105,000 $300,185
WORCESTER, MA-CT 35 $8,045,000 $229,857
OXNARD-THOUSAND OAKS-VENTURA, CA 17 $7,815,000 $459,706
YUBA CITY, CA 28 $7,720,000 $275,714
GREEN BAY, WI 39 $7,505,000 $192,436
CORPUS CHRISTI, TX 32 $7,360,000 $230,000
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 34 $7,260,000 $213,529
SPOKANE-SPOKANE VALLEY, WA 27 $7,245,000 $268,333
FAYETTEVILLE, NC 39 $7,225,000 $185,256
TACOMA-LAKEWOOD, WA 22 $7,170,000 $325,909
DETROIT-DEARBORN-LIVONIA, MI 50 $6,960,000 $139,200
NORWICH-NEW LONDON, CT 32 $6,920,000 $216,250
MILWAUKEE-WAUKESHA, WI 31 $6,725,000 $216,935
SAN LUIS OBISPO-PASO ROBLES, CA 10 $6,670,000 $667,000
MEMPHIS, TN-MS-AR 34 $6,380,000 $187,647
EUGENE-SPRINGFIELD, OR 23 $5,915,000 $257,174
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 16 $5,640,000 $352,500
ALBANY-LEBANON, OR 20 $5,400,000 $270,000
TUCSON, AZ 25 $5,165,000 $206,600
PALM BAY-MELBOURNE-TITUSVILLE, FL 23 $5,145,000 $223,696
TALLAHASSEE, FL 26 $5,060,000 $194,615
RALEIGH-CARY, NC 20 $5,050,000 $252,500
CINCINNATI, OH-KY-IN 37 $5,035,000 $136,081
BEND, OR 15 $5,005,000 $333,667
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 39 $4,955,000 $127,051
BROWNSVILLE-HARLINGEN, TX 30 $4,660,000 $155,333
MANKATO, MN 25 $4,545,000 $181,800
ST. LOUIS, MO-IL 27 $4,295,000 $159,074
SANTA FE, NM 15 $4,195,000 $279,667
GREENSBORO-HIGH POINT, NC 22 $4,190,000 $190,455
MANCHESTER-NASHUA, NH 17 $4,185,000 $246,176
ROCKFORD, IL 33 $4,125,000 $125,000
LAKELAND-WINTER HAVEN, FL 23 $4,115,000 $178,913
SHREVEPORT-BOSSIER CITY, LA 19 $3,975,000 $209,211
PORT ST. LUCIE, FL 15 $3,855,000 $257,000
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 19 $3,745,000 $197,105
GREELEY, CO 12 $3,710,000 $309,167
CAMDEN, NJ 17 $3,615,000 $212,647
OGDEN-CLEARFIELD, UT 11 $3,565,000 $324,091
MCALLEN-EDINBURG-MISSION, TX 22 $3,460,000 $157,273
KINGSTON, NY 18 $3,380,000 $187,778
BARNSTABLE TOWN, MA 9 $3,305,000 $367,222
SAN RAFAEL, CA 5 $3,255,000 $651,000
ELMIRA, NY 19 $3,225,000 $169,737
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 16 $3,170,000 $198,125
BURLINGTON-SOUTH BURLINGTON, VT 11 $3,145,000 $285,909
SALT LAKE CITY, UT 12 $3,100,000 $258,333
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 11 $2,985,000 $271,364
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 12 $2,950,000 $245,833
OCALA, FL 18 $2,890,000 $160,556
GARY, IN 12 $2,850,000 $237,500
LEXINGTON-FAYETTE, KY 9 $2,845,000 $316,111
AUGUSTA-RICHMOND COUNTY, GA-SC 13 $2,815,000 $216,538
KILLEEN-TEMPLE, TX 14 $2,720,000 $194,286
GLENS FALLS, NY 15 $2,645,000 $176,333
RENO, NV 8 $2,630,000 $328,750
PORTLAND-SOUTH PORTLAND, ME 10 $2,560,000 $256,000
CHARLOTTE-CONCORD-GASTONIA, NC-SC 12 $2,490,000 $207,500
SANTA CRUZ-WATSONVILLE, CA 4 $2,490,000 $622,500
LANSING-EAST LANSING, MI 13 $2,445,000 $188,077
BATON ROUGE, LA 16 $2,440,000 $152,500
RICHMOND, VA 8 $2,400,000 $300,000
HUNTSVILLE, AL 10 $2,390,000 $239,000
GAINESVILLE, FL 12 $2,370,000 $197,500
CHICO, CA 7 $2,325,000 $332,143
HARRISBURG-CARLISLE, PA 17 $2,325,000 $136,765
OKLAHOMA CITY, OK 10 $2,320,000 $232,000
PUNTA GORDA, FL 13 $2,315,000 $178,077
ANCHORAGE, AK 7 $2,315,000 $330,714
ST. JOSEPH, MO-KS 16 $2,230,000 $139,375
DOVER, DE 6 $2,130,000 $355,000
BREMERTON-SILVERDALE-PORT ORCHARD, WA 7 $2,125,000 $303,571
DAPHNE-FAIRHOPE-FOLEY, AL 7 $2,035,000 $290,714
SALISBURY, MD-DE 11 $1,995,000 $181,364
SALINAS, CA 5 $1,995,000 $399,000
PANAMA CITY, FL 9 $1,955,000 $217,222
HOMOSASSA SPRINGS, FL 12 $1,950,000 $162,500
NAPLES-MARCO ISLAND, FL 4 $1,950,000 $487,500
YORK-HANOVER, PA 9 $1,935,000 $215,000
SPRINGFIELD, MA 9 $1,835,000 $203,889
HANFORD-CORCORAN, CA 8 $1,800,000 $225,000
MIDLAND, TX 5 $1,775,000 $355,000
GRAND RAPIDS-KENTWOOD, MI 12 $1,770,000 $147,500
TULSA, OK 10 $1,740,000 $174,000
DECATUR, AL 10 $1,710,000 $171,000
MEDFORD, OR 7 $1,685,000 $240,714
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 14 $1,570,000 $112,143
TYLER, TX 9 $1,555,000 $172,778
PEORIA, IL 18 $1,500,000 $83,333
PENSACOLA-FERRY PASS-BRENT, FL 7 $1,395,000 $199,286
BOISE CITY, ID 6 $1,390,000 $231,667
COLLEGE STATION-BRYAN, TX 6 $1,380,000 $230,000
LAFAYETTE, LA 7 $1,345,000 $192,143
SAVANNAH, GA 7 $1,325,000 $189,286
HAGERSTOWN-MARTINSBURG, MD-WV 6 $1,290,000 $215,000
LAREDO, TX 6 $1,220,000 $203,333
FLAGSTAFF, AZ 5 $1,205,000 $241,000
LINCOLN, NE 5 $1,165,000 $233,000
SANTA MARIA-SANTA BARBARA, CA 4 $1,150,000 $287,500
LONGVIEW, TX 9 $1,145,000 $127,222
NILES, MI 3 $1,115,000 $371,667
OLYMPIA-LACEY-TUMWATER, WA 4 $1,100,000 $275,000
LAKE HAVASU CITY-KINGMAN, AZ 3 $1,095,000 $365,000
FORT COLLINS, CO 4 $1,070,000 $267,500
ELKHART-GOSHEN, IN 5 $1,055,000 $211,000
APPLETON, WI 8 $1,040,000 $130,000
WINCHESTER, VA-WV 3 $1,005,000 $335,000
LUBBOCK, TX 5 $955,000 $191,000
ATLANTIC CITY-HAMMONTON, NJ 4 $930,000 $232,500
CHAMPAIGN-URBANA, IL 3 $915,000 $305,000
CORVALLIS, OR 3 $905,000 $301,667
STATE COLLEGE, PA 3 $905,000 $301,667
TRENTON-PRINCETON, NJ 6 $880,000 $146,667
DUBUQUE, IA 6 $850,000 $141,667
DES MOINES-WEST DES MOINES, IA 4 $830,000 $207,500
DURHAM-CHAPEL HILL, NC 3 $815,000 $271,667
SEBASTIAN-VERO BEACH, FL 5 $795,000 $159,000
PUEBLO, CO 4 $790,000 $197,500
HILTON HEAD ISLAND-BLUFFTON, SC 3 $775,000 $258,333
LEWISTON-AUBURN, ME 3 $755,000 $251,667
NEW ORLEANS-METAIRIE, LA 6 $740,000 $123,333
TOLEDO, OH 4 $730,000 $182,500
OMAHA-COUNCIL BLUFFS, NE-IA 2 $730,000 $365,000
ASHEVILLE, NC 3 $715,000 $238,333
MADISON, WI 2 $710,000 $355,000
COLUMBIA, SC 5 $705,000 $141,000
ANN ARBOR, MI 4 $700,000 $175,000
REDDING, CA 3 $695,000 $231,667
LAFAYETTE-WEST LAFAYETTE, IN 3 $665,000 $221,667
YUMA, AZ 4 $640,000 $160,000
SIOUX FALLS, SD 2 $640,000 $320,000
BLOOMINGTON, IL 5 $635,000 $127,000
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 2 $620,000 $310,000
BURLINGTON, NC 3 $605,000 $201,667
SHERMAN-DENISON, TX 3 $605,000 $201,667
MOUNT VERNON-ANACORTES, WA 2 $600,000 $300,000
SCRANTON--WILKES-BARRE, PA 4 $600,000 $150,000
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 4 $560,000 $140,000
PROVO-OREM, UT 2 $560,000 $280,000
BIRMINGHAM-HOOVER, AL 3 $555,000 $185,000
ST. GEORGE, UT 2 $550,000 $275,000
HINESVILLE, GA 3 $545,000 $181,667
KANKAKEE, IL 4 $540,000 $135,000
DAYTON-KETTERING, OH 3 $535,000 $178,333
WICHITA, KS 5 $535,000 $107,000
COEUR D'ALENE, ID 2 $530,000 $265,000
VICTORIA, TX 3 $525,000 $175,000
ABILENE, TX 3 $515,000 $171,667
SPRINGFIELD, MO 2 $500,000 $250,000
AKRON, OH 4 $500,000 $125,000
GRANTS PASS, OR 3 $495,000 $165,000
WENATCHEE, WA 2 $480,000 $240,000
LAKE CHARLES, LA 3 $435,000 $145,000
GREENVILLE-ANDERSON, SC 2 $430,000 $215,000
NEW BERN, NC 2 $420,000 $210,000
THE VILLAGES, FL 2 $410,000 $205,000
CLARKSVILLE, TN-KY 2 $400,000 $200,000
FLORENCE, SC 1 $385,000 $385,000
CHAMBERSBURG-WAYNESBORO, PA 2 $370,000 $185,000
HICKORY-LENOIR-MORGANTON, NC 2 $360,000 $180,000
ELIZABETHTOWN-FORT KNOX, KY 2 $360,000 $180,000
COLUMBIA, MO 3 $355,000 $118,333
TOPEKA, KS 3 $345,000 $115,000
BLOOMSBURG-BERWICK, PA 2 $340,000 $170,000
WACO, TX 2 $330,000 $165,000
JOHNSTOWN, PA 3 $325,000 $108,333
BELLINGHAM, WA 1 $315,000 $315,000
KENNEWICK-RICHLAND, WA 1 $315,000 $315,000
SUMTER, SC 2 $310,000 $155,000
CASPER, WY 1 $305,000 $305,000
ANNISTON-OXFORD, AL 2 $300,000 $150,000
CARSON CITY, NV 1 $295,000 $295,000
IOWA CITY, IA 2 $280,000 $140,000
CANTON-MASSILLON, OH 2 $270,000 $135,000
BILLINGS, MT 1 $265,000 $265,000
GREENVILLE, NC 1 $265,000 $265,000
MONROE, LA 2 $260,000 $130,000
MISSOULA, MT 1 $255,000 $255,000
EAST STROUDSBURG, PA 1 $245,000 $245,000
DULUTH, MN-WI 1 $245,000 $245,000
JACKSON, MS 2 $240,000 $120,000
MONTGOMERY, AL 1 $235,000 $235,000
GRAND ISLAND, NE 1 $235,000 $235,000
ATHENS-CLARKE COUNTY, GA 2 $230,000 $115,000
ODESSA, TX 1 $225,000 $225,000
MOBILE, AL 1 $215,000 $215,000
ROANOKE, VA 1 $215,000 $215,000
MUNCIE, IN 2 $210,000 $105,000
SIOUX CITY, IA-NE-SD 1 $205,000 $205,000
AMARILLO, TX 1 $205,000 $205,000
EL CENTRO, CA 1 $205,000 $205,000
HOUMA-THIBODAUX, LA 1 $195,000 $195,000
TUSCALOOSA, AL 1 $195,000 $195,000
LEBANON, PA 1 $195,000 $195,000
ALTOONA, PA 2 $190,000 $95,000
JOPLIN, MO 1 $185,000 $185,000
BOWLING GREEN, KY 1 $185,000 $185,000
OSHKOSH-NEENAH, WI 1 $185,000 $185,000
JACKSON, MI 1 $185,000 $185,000
LYNCHBURG, VA 1 $165,000 $165,000
SAGINAW, MI 1 $165,000 $165,000
CEDAR RAPIDS, IA 1 $165,000 $165,000
LANCASTER, PA 1 $165,000 $165,000
ROCKY MOUNT, NC 1 $165,000 $165,000
FORT WAYNE, IN 1 $155,000 $155,000
HARRISONBURG, VA 1 $145,000 $145,000
SPRINGFIELD, IL 1 $145,000 $145,000
LONGVIEW, WA 1 $145,000 $145,000
POCATELLO, ID 1 $145,000 $145,000
SEBRING-AVON PARK, FL 1 $145,000 $145,000
MUSKEGON, MI 1 $145,000 $145,000
WILLIAMSPORT, PA 1 $145,000 $145,000
TWIN FALLS, ID 1 $135,000 $135,000
DECATUR, IL 1 $135,000 $135,000
SHEBOYGAN, WI 1 $135,000 $135,000
SIERRA VISTA-DOUGLAS, AZ 1 $135,000 $135,000
HUNTINGTON-ASHLAND, WV-KY-OH 1 $135,000 $135,000
OWENSBORO, KY 1 $115,000 $115,000
HAMMOND, LA 1 $115,000 $115,000
MANHATTAN, KS 1 $115,000 $115,000
JEFFERSON CITY, MO 1 $105,000 $105,000
CARBONDALE-MARION, IL 1 $105,000 $105,000
FLORENCE-MUSCLE SHOALS, AL 1 $105,000 $105,000
BANGOR, ME 1 $95,000 $95,000
ALEXANDRIA, LA 1 $95,000 $95,000
WAUSAU-WESTON, WI 1 $95,000 $95,000
MONROE, MI 1 $85,000 $85,000
COLUMBUS, GA-AL 1 $65,000 $65,000
MIDLAND, MI 1 $65,000 $65,000
HATTIESBURG, MS 1 $65,000 $65,000
CUMBERLAND, MD-WV 1 $65,000 $65,000
LAS CRUCES, NM 1 $55,000 $55,000

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
2.5-3% 376 $135,290,000 $359,814
3-4% 7,178 $2,025,990,000 $282,250
4-5% 6,237 $1,477,065,000 $236,823
5-6% 1,749 $386,475,000 $220,969
6-7% 122 $32,550,000 $266,803
7-8% 25 $7,545,000 $301,800
Over 8% 7 $485,000 $69,286

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 1,422 $107,960,000 $75,921
$100k-200k 5,356 $814,400,000 $152,054
$200k-400k 6,606 $1,841,170,000 $278,712
$400k-600k 1,705 $803,165,000 $471,065
$600k-1000k 499 $359,735,000 $720,912
$Over $1MM 106 $138,970,000 $1,311,038

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% 202 $44,500,000 $220,297
40-60% 825 $213,245,000 $258,479
60-80% 1,978 $592,980,000 $299,788
80-100% 11,626 $2,880,680,000 $247,779
Over 100% 290 $87,930,000 $303,207
Under 20% 47 $5,165,000 $109,894

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 2,636 $818,950,000 $310,679
$150k-250k 1,353 $514,235,000 $380,070
$50k-75k 3,864 $747,320,000 $193,406
$50k-or less 3,015 $419,815,000 $139,242
$75k-100k 2,685 $671,515,000 $250,099
$Over $250k 543 $333,715,000 $614,576

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 11,942 $2,961,270,000 $247,971
Not provided 1,380 $426,830,000 $309,297
Black 1,358 $341,460,000 $251,443
Asian 874 $295,150,000 $337,700
Native Hawaiian 79 $25,685,000 $325,127
American Indian 59 $14,425,000 $244,492
2 $580,000 $290,000

Approval Rates

Total approvals of all applications
90.09%

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
93.04%

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 15,694 $4,065,400,000 $259,042

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 7,618 $1,871,750,000 $245,701
$1k-2k 2,679 $646,755,000 $241,417
$2k-3k 1,359 $306,055,000 $225,206
$3k-4k 1,661 $425,595,000 $256,228
$5k+ 1,445 $610,895,000 $422,765

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 437 $69,985,000 $160,149
Single Family (1-4 Units):Site-Built 15,257 $3,995,415,000 $261,874