Fairway Independent Mort Corp

MADISON, WI 53718

LEI: 549300MGPZBLQDIL7538

Tax ID: 76-0503625

2019 Data *Active* | 2018 Data


Overview

Fairway Independent Mort Corp is a large mortgage company specializing in Home Purchase loans. Fairway Independent Mort Corp 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 Phoenix, Seattle, Denver, Atlanta, and Tacoma 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. Fairway Independent Mort Corp is typically a low/ medium-low/ fee lendor.


Originations

147,947

Origination Dollar Volume (All Markets)

$37,633,655,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 100,137 $26,038,645,000 $260,030
FHA 30,312 $6,728,110,000 $221,962
VA 14,594 $4,403,520,000 $301,735
USDA 2,904 $463,380,000 $159,566

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 111,667 $26,505,745,000 $237,364
Home Improvement 279 $51,755,000 $185,502
Other 602 $123,720,000 $205,515
Refi 22,370 $7,271,300,000 $325,047
Cash Out Refi 13,029 $3,681,135,000 $282,534

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
PHOENIX-MESA-CHANDLER, AZ 11,241 $2,733,375,000 $243,161
SEATTLE-BELLEVUE-KENT, WA 5,084 $2,226,290,000 $437,901
Outside of Metro Areas 11,471 $2,191,815,000 $191,074
DENVER-AURORA-LAKEWOOD, CO 6,329 $1,972,085,000 $311,595
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 4,666 $1,208,340,000 $258,967
TACOMA-LAKEWOOD, WA 3,544 $1,064,360,000 $300,327
DALLAS-PLANO-IRVING, TX 3,536 $973,450,000 $275,297
CHICAGO-NAPERVILLE-EVANSTON, IL 3,544 $839,040,000 $236,749
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 2,491 $825,895,000 $331,552
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 1,906 $735,250,000 $385,756
BOSTON, MA 1,736 $673,840,000 $388,157
CHARLOTTE-CONCORD-GASTONIA, NC-SC 2,976 $663,650,000 $223,001
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 1,616 $641,030,000 $396,677
KANSAS CITY, MO-KS 3,000 $631,550,000 $210,517
BOISE CITY, ID 2,846 $630,230,000 $221,444
LOS ANGELES-LONG BEACH-GLENDALE, CA 1,225 $610,195,000 $498,118
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 1,194 $530,530,000 $444,330
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 1,709 $516,385,000 $302,156
INDIANAPOLIS-CARMEL-ANDERSON, IN 2,599 $490,095,000 $188,571
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 2,091 $435,045,000 $208,056
KILLEEN-TEMPLE, TX 2,361 $430,385,000 $182,289
AUSTIN-ROUND ROCK-GEORGETOWN, TX 1,337 $410,115,000 $306,743
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 1,607 $403,335,000 $250,986
ANAHEIM-SANTA ANA-IRVINE, CA 710 $381,360,000 $537,127
WORCESTER, MA-CT 1,497 $377,665,000 $252,281
FORT WORTH-ARLINGTON-GRAPEVINE, TX 1,564 $361,600,000 $231,202
MADISON, WI 1,373 $354,725,000 $258,358
BIRMINGHAM-HOOVER, AL 1,383 $348,945,000 $252,310
SACRAMENTO-ROSEVILLE-FOLSOM, CA 1,015 $334,595,000 $329,650
LAS VEGAS-HENDERSON-PARADISE, NV 1,138 $293,570,000 $257,970
RALEIGH-CARY, NC 1,147 $284,525,000 $248,060
BALTIMORE-COLUMBIA-TOWSON, MD 987 $279,135,000 $282,812
SALT LAKE CITY, UT 854 $264,580,000 $309,813
TAMPA-ST. PETERSBURG-CLEARWATER, FL 1,170 $255,350,000 $218,248
COLUMBUS, OH 1,342 $252,660,000 $188,271
COLORADO SPRINGS, CO 941 $252,405,000 $268,231
TUCSON, AZ 1,145 $246,765,000 $215,515
OAKLAND-BERKELEY-LIVERMORE, CA 472 $242,210,000 $513,157
OLYMPIA-LACEY-TUMWATER, WA 851 $240,865,000 $283,038
BREMERTON-SILVERDALE-PORT ORCHARD, WA 772 $219,880,000 $284,819
ST. LOUIS, MO-IL 1,144 $218,520,000 $191,014
PROVIDENCE-WARWICK, RI-MA 822 $214,870,000 $261,399
WINSTON-SALEM, NC 1,262 $209,790,000 $166,236
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 766 $207,760,000 $271,227
GREELEY, CO 664 $176,490,000 $265,798
URBAN HONOLULU, HI 333 $174,195,000 $523,108
MILWAUKEE-WAUKESHA, WI 742 $165,370,000 $222,871
AKRON, OH 1,129 $164,855,000 $146,019
SAN ANTONIO-NEW BRAUNFELS, TX 652 $153,830,000 $235,936
OGDEN-CLEARFIELD, UT 626 $152,950,000 $244,329
NASSAU COUNTY-SUFFOLK COUNTY, NY 398 $152,920,000 $384,221
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 357 $147,025,000 $411,835
PRESCOTT VALLEY-PRESCOTT, AZ 531 $143,995,000 $271,177
MIAMI-MIAMI BEACH-KENDALL, FL 470 $140,250,000 $298,404
ORLANDO-KISSIMMEE-SANFORD, FL 587 $136,305,000 $232,206
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 338 $136,130,000 $402,751
JACKSONVILLE, FL 650 $134,210,000 $206,477
WARREN-TROY-FARMINGTON HILLS, MI 586 $128,620,000 $219,488
CHARLESTON-NORTH CHARLESTON, SC 458 $127,810,000 $279,061
PENSACOLA-FERRY PASS-BRENT, FL 642 $126,100,000 $196,417
FORT COLLINS, CO 386 $118,070,000 $305,881
VALLEJO, CA 327 $117,685,000 $359,893
SPOKANE-SPOKANE VALLEY, WA 484 $117,210,000 $242,169
LAKE COUNTY-KENOSHA COUNTY, IL-WI 512 $112,110,000 $218,965
SALEM, OR 403 $112,025,000 $277,978
CINCINNATI, OH-KY-IN 668 $110,020,000 $164,701
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 396 $106,280,000 $268,384
CLEVELAND-ELYRIA, OH 755 $105,895,000 $140,258
GREENVILLE-ANDERSON, SC 509 $105,305,000 $206,886
MONTGOMERY, AL 519 $104,825,000 $201,975
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 393 $103,135,000 $262,430
NEW BRUNSWICK-LAKEWOOD, NJ 333 $102,845,000 $308,844
WILMINGTON, DE-MD-NJ 416 $102,460,000 $246,298
LOUISVILLE/JEFFERSON COUNTY, KY-IN 620 $100,800,000 $162,581
BRIDGEPORT-STAMFORD-NORWALK, CT 304 $97,060,000 $319,276
GRAND JUNCTION, CO 505 $95,955,000 $190,010
BARNSTABLE TOWN, MA 302 $92,990,000 $307,914
WACO, TX 513 $90,625,000 $176,657
ELGIN, IL 403 $83,535,000 $207,283
NEWARK, NJ-PA 256 $79,280,000 $309,688
GREENSBORO-HIGH POINT, NC 500 $78,720,000 $157,440
JACKSON, MS 397 $77,355,000 $194,849
SPRINGFIELD, MA 379 $77,315,000 $203,997
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 371 $76,235,000 $205,485
SIOUX FALLS, SD 394 $75,270,000 $191,041
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 324 $73,980,000 $228,333
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 337 $71,795,000 $213,042
CAMDEN, NJ 339 $71,495,000 $210,900
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 229 $70,765,000 $309,017
MEDFORD, OR 260 $67,120,000 $258,154
NEW HAVEN-MILFORD, CT 291 $67,055,000 $230,430
DES MOINES-WEST DES MOINES, IA 354 $66,890,000 $188,955
STOCKTON, CA 225 $65,475,000 $291,000
OXNARD-THOUSAND OAKS-VENTURA, CA 128 $65,050,000 $508,203
MEMPHIS, TN-MS-AR 415 $62,165,000 $149,795
BURLINGTON-SOUTH BURLINGTON, VT 270 $61,970,000 $229,519
LAWRENCE, KS 290 $61,030,000 $210,448
PROVO-OREM, UT 207 $60,995,000 $294,662
FLAGSTAFF, AZ 209 $60,005,000 $287,105
DURHAM-CHAPEL HILL, NC 249 $60,005,000 $240,984
HARRISBURG-CARLISLE, PA 309 $59,425,000 $192,314
SALISBURY, MD-DE 222 $59,080,000 $266,126
BOULDER, CO 151 $55,725,000 $369,040
OKLAHOMA CITY, OK 273 $55,345,000 $202,729
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 272 $54,960,000 $202,059
RICHMOND, VA 225 $51,395,000 $228,422
CANTON-MASSILLON, OH 373 $51,075,000 $136,930
BELLINGHAM, WA 153 $50,315,000 $328,856
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 168 $50,300,000 $299,405
DETROIT-DEARBORN-LIVONIA, MI 338 $50,140,000 $148,343
TOPEKA, KS 341 $49,145,000 $144,120
ST. JOSEPH, MO-KS 427 $48,785,000 $114,251
MOBILE, AL 300 $48,580,000 $161,933
LANCASTER, PA 230 $47,660,000 $207,217
CLARKSVILLE, TN-KY 288 $46,320,000 $160,833
SAVANNAH, GA 214 $45,840,000 $214,206
NORTH PORT-SARASOTA-BRADENTON, FL 194 $45,750,000 $235,825
COLLEGE STATION-BRYAN, TX 197 $45,555,000 $231,244
BATON ROUGE, LA 267 $45,345,000 $169,831
GULFPORT-BILOXI, MS 233 $45,045,000 $193,326
NAPA, CA 91 $44,885,000 $493,242
GAINESVILLE, GA 175 $44,795,000 $255,971
MODESTO, CA 170 $44,510,000 $261,824
SPARTANBURG, SC 243 $43,545,000 $179,198
DAPHNE-FAIRHOPE-FOLEY, AL 178 $42,540,000 $238,989
GARY, IN 227 $42,065,000 $185,308
TOLEDO, OH 273 $41,995,000 $153,828
EL PASO, TX 275 $41,865,000 $152,236
YUMA, AZ 230 $41,260,000 $179,391
LAKELAND-WINTER HAVEN, FL 235 $40,405,000 $171,936
PORTLAND-SOUTH PORTLAND, ME 157 $39,865,000 $253,917
LAFAYETTE, LA 194 $39,760,000 $204,948
BEND, OR 117 $39,645,000 $338,846
GREAT FALLS, MT 228 $38,660,000 $169,561
NORWICH-NEW LONDON, CT 177 $38,105,000 $215,282
FRESNO, CA 169 $38,045,000 $225,118
SHREVEPORT-BOSSIER CITY, LA 208 $37,880,000 $182,115
OMAHA-COUNCIL BLUFFS, NE-IA 167 $37,845,000 $226,617
ASHEVILLE, NC 134 $37,500,000 $279,851
SANTA ROSA-PETALUMA, CA 82 $37,090,000 $452,317
SAN LUIS OBISPO-PASO ROBLES, CA 90 $36,990,000 $411,000
CHATTANOOGA, TN-GA 185 $36,825,000 $199,054
DAYTON-KETTERING, OH 284 $36,800,000 $129,577
CAPE CORAL-FORT MYERS, FL 181 $36,735,000 $202,956
MANCHESTER-NASHUA, NH 129 $35,165,000 $272,597
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 56 $34,590,000 $617,679
MOUNT VERNON-ANACORTES, WA 130 $33,180,000 $255,231
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 145 $32,895,000 $226,862
ANNISTON-OXFORD, AL 239 $32,545,000 $136,172
RENO, NV 119 $32,505,000 $273,151
HUNTSVILLE, AL 175 $31,755,000 $181,457
ATHENS-CLARKE COUNTY, GA 140 $30,790,000 $219,929
ALEXANDRIA, LA 168 $30,720,000 $182,857
DOVER, DE 143 $30,635,000 $214,231
KNOXVILLE, TN 162 $30,230,000 $186,605
TULSA, OK 161 $30,225,000 $187,733
HILTON HEAD ISLAND-BLUFFTON, SC 113 $30,205,000 $267,301
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 47 $30,135,000 $641,170
FLORENCE-MUSCLE SHOALS, AL 165 $29,275,000 $177,424
FLORENCE, SC 212 $28,910,000 $136,368
LEXINGTON-FAYETTE, KY 170 $28,890,000 $169,941
LAKE HAVASU CITY-KINGMAN, AZ 146 $28,010,000 $191,849
CHEYENNE, WY 130 $27,790,000 $213,769
RACINE, WI 158 $27,770,000 $175,759
EL CENTRO, CA 210 $27,220,000 $129,619
HICKORY-LENOIR-MORGANTON, NC 154 $25,630,000 $166,429
STATE COLLEGE, PA 97 $25,585,000 $263,763
ST. GEORGE, UT 104 $25,200,000 $242,308
LONGVIEW, TX 145 $24,735,000 $170,586
PITTSBURGH, PA 131 $24,725,000 $188,740
FAYETTEVILLE, NC 161 $23,495,000 $145,932
NAPLES-MARCO ISLAND, FL 75 $22,965,000 $306,200
WICHITA, KS 137 $22,625,000 $165,146
DOTHAN, AL 131 $22,275,000 $170,038
GADSDEN, AL 169 $22,175,000 $131,213
ALBUQUERQUE, NM 97 $22,045,000 $227,268
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 89 $21,955,000 $246,685
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 150 $21,920,000 $146,133
PUEBLO, CO 126 $21,650,000 $171,825
BROWNSVILLE-HARLINGEN, TX 124 $20,700,000 $166,935
BAKERSFIELD, CA 93 $20,435,000 $219,731
LONGVIEW, WA 96 $20,170,000 $210,104
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 157 $19,455,000 $123,917
DULUTH, MN-WI 175 $19,265,000 $110,086
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 184 $19,210,000 $104,402
SPRINGFIELD, MO 103 $19,195,000 $186,359
COEUR D'ALENE, ID 72 $19,110,000 $265,417
KENNEWICK-RICHLAND, WA 68 $19,090,000 $280,735
VALDOSTA, GA 98 $18,980,000 $193,673
PANAMA CITY, FL 85 $18,765,000 $220,765
PHILADELPHIA, PA 73 $17,375,000 $238,014
WARNER ROBINS, GA 96 $17,100,000 $178,125
MACON-BIBB COUNTY, GA 120 $17,020,000 $141,833
JANESVILLE-BELOIT, WI 106 $16,200,000 $152,830
YORK-HANOVER, PA 89 $16,115,000 $181,067
BILLINGS, MT 78 $16,090,000 $206,282
MANHATTAN, KS 92 $15,530,000 $168,804
SANTA MARIA-SANTA BARBARA, CA 46 $15,450,000 $335,870
TRENTON-PRINCETON, NJ 70 $15,100,000 $215,714
COLUMBIA, SC 88 $15,070,000 $171,250
GREEN BAY, WI 89 $14,865,000 $167,022
CALIFORNIA-LEXINGTON PARK, MD 50 $14,840,000 $296,800
WINCHESTER, VA-WV 62 $14,490,000 $233,710
SHERMAN-DENISON, TX 73 $14,445,000 $197,877
WILMINGTON, NC 57 $14,205,000 $249,211
WENATCHEE, WA 42 $13,830,000 $329,286
TALLAHASSEE, FL 59 $13,285,000 $225,169
PEORIA, IL 112 $12,750,000 $113,839
JOHNSON CITY, TN 74 $12,650,000 $170,946
MADERA, CA 72 $12,380,000 $171,944
DECATUR, AL 87 $12,365,000 $142,126
CHAMPAIGN-URBANA, IL 68 $12,250,000 $180,147
ABILENE, TX 65 $12,145,000 $186,846
YUBA CITY, CA 49 $12,085,000 $246,633
KINGSPORT-BRISTOL, TN-VA 90 $11,890,000 $132,111
BEAUMONT-PORT ARTHUR, TX 68 $11,780,000 $173,235
YAKIMA, WA 55 $11,685,000 $212,455
OCALA, FL 72 $11,380,000 $158,056
BURLINGTON, NC 70 $11,080,000 $158,286
SIERRA VISTA-DOUGLAS, AZ 64 $11,060,000 $172,813
ROCHESTER, MN 65 $10,655,000 $163,923
ALBANY-LEBANON, OR 42 $10,590,000 $252,143
BANGOR, ME 64 $10,500,000 $164,063
PORT ST. LUCIE, FL 45 $10,105,000 $224,556
FORT SMITH, AR-OK 82 $10,090,000 $123,049
ST. CLOUD, MN 54 $9,630,000 $178,333
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 31 $9,525,000 $307,258
IDAHO FALLS, ID 48 $9,380,000 $195,417
MCALLEN-EDINBURG-MISSION, TX 60 $9,160,000 $152,667
HAGERSTOWN-MARTINSBURG, MD-WV 44 $9,140,000 $207,727
AMES, IA 47 $8,995,000 $191,383
KAHULUI-WAILUKU-LAHAINA, HI 17 $8,605,000 $506,176
POCATELLO, ID 62 $8,560,000 $138,065
PALM BAY-MELBOURNE-TITUSVILLE, FL 41 $8,455,000 $206,220
GRANTS PASS, OR 33 $8,395,000 $254,394
EUGENE-SPRINGFIELD, OR 36 $8,360,000 $232,222
ANN ARBOR, MI 28 $8,310,000 $296,786
TYLER, TX 39 $8,295,000 $212,692
REDDING, CA 42 $8,250,000 $196,429
LUBBOCK, TX 44 $8,100,000 $184,091
LINCOLN, NE 43 $8,085,000 $188,023
READING, PA 38 $7,990,000 $210,263
EAST STROUDSBURG, PA 48 $7,830,000 $163,125
PUNTA GORDA, FL 38 $7,690,000 $202,368
OCEAN CITY, NJ 28 $7,690,000 $274,643
TWIN FALLS, ID 40 $7,480,000 $187,000
APPLETON, WI 51 $7,445,000 $145,980
MONROE, MI 40 $7,330,000 $183,250
WAUSAU-WESTON, WI 60 $7,280,000 $121,333
SEBASTIAN-VERO BEACH, FL 29 $7,155,000 $246,724
LEBANON, PA 37 $7,145,000 $193,108
SANTA CRUZ-WATSONVILLE, CA 13 $7,025,000 $540,385
MIDLAND, TX 29 $7,005,000 $241,552
MANSFIELD, OH 66 $6,870,000 $104,091
SPRINGFIELD, IL 53 $6,635,000 $125,189
SALINAS, CA 11 $6,445,000 $585,909
NEW ORLEANS-METAIRIE, LA 26 $6,330,000 $243,462
TUSCALOOSA, AL 30 $6,280,000 $209,333
LAKE CHARLES, LA 34 $6,280,000 $184,706
BRUNSWICK, GA 24 $6,000,000 $250,000
AUGUSTA-RICHMOND COUNTY, GA-SC 33 $5,735,000 $173,788
SAN RAFAEL, CA 11 $5,725,000 $520,455
GRAND RAPIDS-KENTWOOD, MI 24 $5,620,000 $234,167
HINESVILLE, GA 30 $5,500,000 $183,333
CHICO, CA 21 $5,495,000 $261,667
SANTA FE, NM 12 $5,360,000 $446,667
HOMOSASSA SPRINGS, FL 27 $5,275,000 $195,370
OSHKOSH-NEENAH, WI 39 $5,165,000 $132,436
CORPUS CHRISTI, TX 23 $5,085,000 $221,087
KANKAKEE, IL 32 $5,050,000 $157,813
AUBURN-OPELIKA, AL 24 $4,740,000 $197,500
ALBANY-SCHENECTADY-TROY, NY 18 $4,230,000 $235,000
FLINT, MI 26 $4,090,000 $157,308
VISALIA, CA 20 $4,050,000 $202,500
LAFAYETTE-WEST LAFAYETTE, IN 27 $3,925,000 $145,370
BUFFALO-CHEEKTOWAGA, NY 19 $3,875,000 $203,947
GAINESVILLE, FL 14 $3,770,000 $269,286
CORVALLIS, OR 11 $3,755,000 $341,364
LAS CRUCES, NM 23 $3,715,000 $161,522
COLUMBUS, IN 21 $3,655,000 $174,048
CHARLOTTESVILLE, VA 14 $3,630,000 $259,286
ROANOKE, VA 17 $3,585,000 $210,882
GETTYSBURG, PA 16 $3,570,000 $223,125
ROCKFORD, IL 27 $3,555,000 $131,667
FOND DU LAC, WI 24 $3,450,000 $143,750
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 17 $3,435,000 $202,059
LEWISTON, ID-WA 18 $3,430,000 $190,556
THE VILLAGES, FL 16 $3,350,000 $209,375
WICHITA FALLS, TX 16 $3,340,000 $208,750
HATTIESBURG, MS 22 $3,280,000 $149,091
KOKOMO, IN 19 $3,245,000 $170,789
GOLDSBORO, NC 18 $3,240,000 $180,000
COLUMBUS, GA-AL 19 $3,195,000 $168,158
MERCED, CA 15 $3,145,000 $209,667
HOT SPRINGS, AR 27 $3,135,000 $116,111
FORT WAYNE, IN 17 $2,905,000 $170,882
SOUTH BEND-MISHAWAKA, IN-MI 15 $2,885,000 $192,333
EAU CLAIRE, WI 15 $2,875,000 $191,667
ROCKY MOUNT, NC 19 $2,855,000 $150,263
BOWLING GREEN, KY 16 $2,740,000 $171,250
BLOOMINGTON, IL 17 $2,685,000 $157,941
LOGAN, UT-ID 11 $2,665,000 $242,273
PITTSFIELD, MA 8 $2,630,000 $328,750
ROCHESTER, NY 13 $2,585,000 $198,846
EVANSVILLE, IN-KY 18 $2,560,000 $142,222
ELIZABETHTOWN-FORT KNOX, KY 22 $2,560,000 $116,364
JACKSONVILLE, NC 13 $2,465,000 $189,615
WALLA WALLA, WA 11 $2,455,000 $223,182
ATLANTIC CITY-HAMMONTON, NJ 17 $2,455,000 $144,412
SHEBOYGAN, WI 14 $2,450,000 $175,000
CEDAR RAPIDS, IA 9 $2,415,000 $268,333
SUMTER, SC 15 $2,405,000 $160,333
CHAMBERSBURG-WAYNESBORO, PA 11 $2,335,000 $212,273
MISSOULA, MT 6 $2,290,000 $381,667
LANSING-EAST LANSING, MI 11 $2,255,000 $205,000
FAIRBANKS, AK 9 $2,255,000 $250,556
ROME, GA 11 $2,125,000 $193,182
JOHNSTOWN, PA 23 $2,105,000 $91,522
ENID, OK 7 $2,085,000 $297,857
SAN ANGELO, TX 10 $2,020,000 $202,000
NILES, MI 10 $1,970,000 $197,000
MORRISTOWN, TN 12 $1,930,000 $160,833
BLOOMINGTON, IN 9 $1,915,000 $212,778
FARGO, ND-MN 8 $1,780,000 $222,500
MICHIGAN CITY-LA PORTE, IN 12 $1,760,000 $146,667
COLUMBIA, MO 7 $1,715,000 $245,000
AMARILLO, TX 10 $1,680,000 $168,000
ODESSA, TX 7 $1,675,000 $239,286
LYNCHBURG, VA 7 $1,575,000 $225,000
SPRINGFIELD, OH 12 $1,560,000 $130,000
MANKATO, MN 8 $1,550,000 $193,750
HAMMOND, LA 6 $1,490,000 $248,333
LEWISTON-AUBURN, ME 8 $1,470,000 $183,750
GREENVILLE, NC 7 $1,455,000 $207,857
TERRE HAUTE, IN 10 $1,450,000 $145,000
SYRACUSE, NY 9 $1,435,000 $159,444
CLEVELAND, TN 6 $1,350,000 $225,000
SEBRING-AVON PARK, FL 8 $1,310,000 $163,750
CAPE GIRARDEAU, MO-IL 11 $1,245,000 $113,182
MUNCIE, IN 11 $1,245,000 $113,182
RAPID CITY, SD 5 $1,235,000 $247,000
MIDLAND, MI 5 $1,215,000 $243,000
IOWA CITY, IA 5 $1,175,000 $235,000
ELKHART-GOSHEN, IN 5 $1,165,000 $233,000
SIOUX CITY, IA-NE-SD 8 $1,140,000 $142,500
ALBANY, GA 7 $1,105,000 $157,857
ANCHORAGE, AK 4 $1,050,000 $262,500
Outside of Metro Areas 3 $1,025,000 $341,667
HUNTINGTON-ASHLAND, WV-KY-OH 8 $1,000,000 $125,000
BAY CITY, MI 8 $990,000 $123,750
CASPER, WY 6 $980,000 $163,333
TEXARKANA, TX-AR 6 $980,000 $163,333
JACKSON, MI 6 $970,000 $161,667
CARSON CITY, NV 4 $960,000 $240,000
PINE BLUFF, AR 8 $960,000 $120,000
VICTORIA, TX 5 $835,000 $167,000
SCRANTON--WILKES-BARRE, PA 5 $815,000 $163,000
DANVILLE, IL 7 $785,000 $112,143
HARRISONBURG, VA 3 $775,000 $258,333
SAGINAW, MI 5 $755,000 $151,000
MUSKEGON, MI 4 $730,000 $182,500
BLACKSBURG-CHRISTIANSBURG, VA 3 $705,000 $235,000
MORGANTOWN, WV 2 $670,000 $335,000
BINGHAMTON, NY 4 $630,000 $157,500
HOUMA-THIBODAUX, LA 2 $600,000 $300,000
STAUNTON, VA 4 $600,000 $150,000
ALTOONA, PA 3 $585,000 $195,000
JEFFERSON CITY, MO 4 $560,000 $140,000
BATTLE CREEK, MI 4 $550,000 $137,500
JOPLIN, MO 3 $545,000 $181,667
JONESBORO, AR 3 $545,000 $181,667
KINGSTON, NY 2 $540,000 $270,000
NEW BERN, NC 3 $535,000 $178,333
MONROE, LA 3 $495,000 $165,000
DECATUR, IL 4 $490,000 $122,500
WILLIAMSPORT, PA 2 $480,000 $240,000
FARMINGTON, NM 2 $480,000 $240,000
BISMARCK, ND 1 $475,000 $475,000
GRAND ISLAND, NE 2 $460,000 $230,000
CARBONDALE-MARION, IL 3 $455,000 $151,667
DALTON, GA 3 $445,000 $148,333
DUBUQUE, IA 2 $420,000 $210,000
WEIRTON-STEUBENVILLE, WV-OH 6 $390,000 $65,000
LAWTON, OK 2 $340,000 $170,000
WATERLOO-CEDAR FALLS, IA 2 $320,000 $160,000
VINELAND-BRIDGETON, NJ 2 $320,000 $160,000
UTICA-ROME, NY 2 $280,000 $140,000
LAREDO, TX 1 $265,000 $265,000
KALAMAZOO-PORTAGE, MI 3 $265,000 $88,333
LA CROSSE-ONALASKA, WI-MN 2 $260,000 $130,000
ERIE, PA 1 $245,000 $245,000
HANFORD-CORCORAN, CA 2 $220,000 $110,000
PARKERSBURG-VIENNA, WV 2 $200,000 $100,000
LIMA, OH 2 $190,000 $95,000
OWENSBORO, KY 3 $185,000 $61,667
GLENS FALLS, NY 1 $155,000 $155,000
ELMIRA, NY 1 $155,000 $155,000
WHEELING, WV-OH 1 $155,000 $155,000
CUMBERLAND, MD-WV 1 $75,000 $75,000

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% 327 $3,345,000 $10,229
2.5-3% 805 $173,185,000 $215,137
3-4% 59,741 $17,727,485,000 $296,739
4-5% 64,470 $16,433,470,000 $254,901
5-6% 14,994 $3,085,120,000 $205,757
6-7% 847 $153,285,000 $180,974
7-8% 56 $640,000 $11,429

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 16,381 $676,485,000 $41,297
$100k-200k 41,530 $6,446,790,000 $155,232
$200k-400k 68,566 $19,366,070,000 $282,444
$400k-600k 17,596 $8,237,150,000 $468,126
$600k-1000k 3,533 $2,482,205,000 $702,577
$Over $1MM 341 $424,955,000 $1,246,202

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% 2,362 $440,560,000 $186,520
40-60% 8,018 $2,115,110,000 $263,795
60-80% 34,358 $10,208,170,000 $297,112
80-100% 90,874 $23,675,260,000 $260,528
Over 100% 3,590 $1,096,230,000 $305,357
Under 20% 8,745 $98,325,000 $11,244

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 29,909 $9,384,745,000 $313,777
$150k-250k 17,046 $6,619,040,000 $388,305
$50k-75k 39,204 $7,566,550,000 $193,005
$50k-or less 24,445 $3,162,295,000 $129,364
$75k-100k 27,932 $6,970,830,000 $249,564
$Over $250k 5,347 $2,569,635,000 $480,575

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 115,617 $29,129,215,000 $251,946
Not provided 15,074 $4,082,170,000 $270,809
Black 9,602 $2,078,780,000 $216,494
Asian 6,020 $1,913,110,000 $317,792
American Indian 874 $206,730,000 $236,533
Native Hawaiian 397 $110,585,000 $278,552
Asian Indian 108 $39,740,000 $367,963
Filipino 57 $17,445,000 $306,053
Other Asian 54 $14,920,000 $276,296
Other Pacific Islander 42 $10,010,000 $238,333
Korean 21 $6,995,000 $333,095
Chinese 21 $6,785,000 $323,095
Vietnamese 18 $4,770,000 $265,000
Japanese 12 $3,930,000 $327,500
Samoan 11 $3,915,000 $355,909
Native Hawiian 13 $3,105,000 $238,846
Guamanian 5 $1,015,000 $203,000
1 $435,000 $435,000

Approval Rates

Total approvals of all applications
95.43%

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
72.96%

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 147,947 $37,633,655,000 $254,373

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 59,520 $15,204,010,000 $255,444
$1k-2k 43,544 $12,213,370,000 $280,483
$2k-3k 11,979 $2,960,935,000 $247,177
$3k-4k 12,510 $3,564,480,000 $284,930
$5k+ 5,194 $2,126,480,000 $409,411

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 2,364 $366,350,000 $154,970
Single Family (1-4 Units):Site-Built 145,583 $37,267,305,000 $255,987