Fairway Independent Mortgage Corporation Rates, Fees & Info

AUSTIN, TX

LEI: 549300MGPZBLQDIL7538

Tax ID: 76-0503625

2020 Data | 2019 Data | 2018 Data


Overview

Fairway Independent Mortgage Corporation is a large mortgage company specializing in Home Purchase and Refi loans. Fairway Independent Mortgage Corporation 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 Washington 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 Mortgage Corporation is typically an average fee lendor.


Originations

228,154

Origination Dollar Volume (All Markets)

$64,957,500,000

Relative Rate

Fairway Independent Mortgage Corporation's average 30 year fixed rate mortgage was 3.29%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.07%.

Relative Fees

Fairway Independent Mortgage Corporation's average total fees for a 30 year fixed rate mortgage are $5,158.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 174,118 $50,790,160,000 $291,700 $4,172 3.23%
FHA 31,994 $7,527,080,000 $235,265 $8,159 3.40%
VA 17,621 $5,860,725,000 $332,599 $6,742 3.14%
USDA 4,421 $779,535,000 $176,325 $4,884 3.31%

For the 2020 period, Fairway Independent Mortgage Corporation's most frequently originated loan type was Conventional, with 174,118 originations. Their 2nd most popular type is FHA, with 31,994 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 137,392 $37,231,910,000 $270,990 $5,649 3.28%
Refi 66,842 $20,859,610,000 $312,073 $3,754 3.14%
Cash Out Refi 23,056 $6,673,350,000 $289,441 $4,926 3.39%
Other 574 $134,210,000 $233,815 $4,365 3.60%
Home Improvement 290 $58,420,000 $201,448 $4,095 3.65%

For the 2020, Fairway Independent Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 137,392 originations. The 2nd most popular reason was Refi, with 66,842 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 200,945 $59,220,735,000 $294,711 $5,158 3.29%
15 Year 15,983 $3,710,335,000 $232,143 $3,522 2.80%
20 Year 5,341 $1,409,105,000 $263,828 $3,695 3.15%
Other 2,110 $459,050,000 $217,559 $3,519 3.19%
3 Year 1,840 $16,280,000 $8,848 $1,342 6.50%
10 Year 1,738 $139,910,000 $80,501 $3,235 3.42%
5 Year 144 $1,180,000 $8,194 $0 0.00%
30+ year 49 $335,000 $6,837 $0 3.00%
1 Year 4 $570,000 $142,500 $2,619 4.25%

For the 2020, Fairway Independent Mortgage Corporation's most frequently cited loan length was 30 Year, with 200,945 originations. The 2nd most popular length was 15 Year, with 15,983 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 102,429 $30,820,205,000 $300,893
$<1k 51,385 $14,217,855,000 $276,693
$3k-4k 24,482 $7,173,680,000 $293,019
$2k-3k 22,906 $5,973,840,000 $260,798
$5k+ 11,507 $4,901,205,000 $425,932

$5,158 was Fairway Independent Mortgage Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 102,429 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
PHOENIX-MESA-CHANDLER, AZ 17,314 $4,665,390,000 $269,458 $5,161 3.34%
Outside of Metro Areas 17,113 $3,794,145,000 $221,711 $4,560 3.29%
SEATTLE-BELLEVUE-KENT, WA 8,125 $3,662,115,000 $450,722 $5,066 3.22%
DENVER-AURORA-LAKEWOOD, CO 8,284 $2,815,170,000 $339,832 $5,387 3.28%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 7,006 $1,987,280,000 $283,654 $4,820 3.23%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 3,832 $1,622,550,000 $423,421 $5,542 3.13%
DALLAS-PLANO-IRVING, TX 5,445 $1,595,045,000 $292,938 $6,207 3.22%
TACOMA-LAKEWOOD, WA 4,590 $1,523,790,000 $331,980 $6,011 3.28%
CHICAGO-NAPERVILLE-EVANSTON, IL 5,817 $1,497,195,000 $257,383 $4,591 3.27%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 4,060 $1,410,790,000 $347,485 $5,728 3.25%
BOSTON, MA 3,213 $1,352,925,000 $421,078 $3,865 3.13%
LOS ANGELES-LONG BEACH-GLENDALE, CA 2,584 $1,330,220,000 $514,791 $6,116 3.21%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 3,031 $1,270,435,000 $419,147 $3,573 3.12%
KANSAS CITY, MO-KS 4,656 $1,119,470,000 $240,436 $3,204 3.16%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 2,134 $1,043,830,000 $489,142 $7,665 3.13%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 4,100 $1,024,990,000 $249,998 $4,726 3.26%
BOISE CITY, ID 3,861 $1,003,045,000 $259,789 $6,585 3.20%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 2,912 $995,720,000 $341,937 $6,825 3.22%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 3,455 $945,985,000 $273,802 $4,309 3.17%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 2,754 $882,950,000 $320,606 $5,464 3.14%
INDIANAPOLIS-CARMEL-ANDERSON, IN 4,159 $827,555,000 $198,979 $3,678 3.34%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 3,415 $817,825,000 $239,480 $6,161 3.24%
ANAHEIM-SANTA ANA-IRVINE, CA 1,433 $808,395,000 $564,128 $6,436 3.17%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 1,955 $686,835,000 $351,322 $5,637 3.21%
BIRMINGHAM-HOOVER, AL 2,416 $650,040,000 $269,056 $4,049 3.12%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 2,466 $620,320,000 $251,549 $5,880 3.28%
KILLEEN-TEMPLE, TX 3,055 $612,265,000 $200,414 $4,457 3.30%
MADISON, WI 2,226 $599,310,000 $269,232 $2,301 3.14%
WORCESTER, MA-CT 2,118 $579,750,000 $273,725 $3,817 3.17%
LAS VEGAS-HENDERSON-PARADISE, NV 2,011 $546,095,000 $271,554 $5,964 3.31%
TUCSON, AZ 2,367 $533,755,000 $225,499 $4,533 3.19%
BALTIMORE-COLUMBIA-TOWSON, MD 1,724 $529,750,000 $307,280 $5,389 3.18%
SALT LAKE CITY, UT 1,497 $507,555,000 $339,048 $5,657 3.30%
MILWAUKEE-WAUKESHA, WI 2,004 $495,280,000 $247,146 $2,863 3.19%
OAKLAND-BERKELEY-LIVERMORE, CA 929 $485,185,000 $522,266 $6,027 3.21%
RALEIGH-CARY, NC 1,768 $475,060,000 $268,699 $3,848 3.21%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 1,687 $422,055,000 $250,181 $5,778 3.29%
COLORADO SPRINGS, CO 1,358 $415,970,000 $306,311 $5,615 3.19%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 1,255 $392,015,000 $312,363 $6,751 3.28%
ST. LOUIS, MO-IL 1,707 $363,115,000 $212,721 $3,540 3.28%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 1,104 $350,120,000 $317,138 $6,105 3.30%
COLUMBUS, OH 1,553 $346,095,000 $222,856 $4,902 3.32%
OLYMPIA-LACEY-TUMWATER, WA 1,067 $334,985,000 $313,950 $6,000 3.22%
PROVIDENCE-WARWICK, RI-MA 1,070 $328,100,000 $306,636 $4,360 3.15%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 684 $322,100,000 $470,906 $8,242 3.18%
WINSTON-SALEM, NC 1,709 $320,905,000 $187,774 $4,125 3.22%
SAN ANTONIO-NEW BRAUNFELS, TX 1,124 $288,660,000 $256,815 $5,995 3.31%
URBAN HONOLULU, HI 525 $276,615,000 $526,886 $9,421 3.09%
PRESCOTT VALLEY-PRESCOTT, AZ 880 $251,130,000 $285,375 $4,907 3.33%
MIAMI-MIAMI BEACH-KENDALL, FL 753 $243,595,000 $323,499 $7,825 3.28%
JACKSONVILLE, FL 1,008 $241,980,000 $240,060 $5,869 3.30%
OGDEN-CLEARFIELD, UT 832 $230,390,000 $276,911 $5,587 3.40%
BRIDGEPORT-STAMFORD-NORWALK, CT 638 $226,750,000 $355,408 $5,185 3.25%
ORLANDO-KISSIMMEE-SANFORD, FL 880 $224,760,000 $255,409 $5,738 3.26%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 690 $217,810,000 $315,667 $6,052 3.26%
NASSAU COUNTY-SUFFOLK COUNTY, NY 503 $216,335,000 $430,089 $9,858 3.22%
CHARLESTON-NORTH CHARLESTON, SC 698 $212,000,000 $303,725 $4,935 3.23%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 897 $211,395,000 $235,669 $4,076 3.31%
WARREN-TROY-FARMINGTON HILLS, MI 872 $208,350,000 $238,933 $3,159 3.31%
CINCINNATI, OH-KY-IN 1,045 $205,925,000 $197,057 $4,771 3.39%
AKRON, OH 1,242 $204,340,000 $164,525 $3,508 3.31%
GREELEY, CO 666 $195,220,000 $293,123 $6,459 3.30%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 490 $194,300,000 $396,531 $5,373 3.17%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 925 $193,015,000 $208,665 $3,875 3.37%
NEW BRUNSWICK-LAKEWOOD, NJ 516 $180,100,000 $349,031 $6,450 3.25%
SPOKANE-SPOKANE VALLEY, WA 693 $179,485,000 $258,997 $4,968 3.27%
FORT COLLINS, CO 545 $178,875,000 $328,211 $5,677 3.30%
GREENVILLE-ANDERSON, SC 784 $177,430,000 $226,314 $4,387 3.26%
BARNSTABLE TOWN, MA 503 $171,095,000 $340,149 $4,001 3.15%
WILMINGTON, DE-MD-NJ 621 $169,655,000 $273,196 $5,365 3.28%
VALLEJO, CA 423 $160,905,000 $380,390 $5,900 3.20%
PENSACOLA-FERRY PASS-BRENT, FL 748 $159,510,000 $213,249 $4,981 3.43%
CLEVELAND-ELYRIA, OH 968 $158,850,000 $164,101 $3,803 3.38%
NEWARK, NJ-PA 446 $156,880,000 $351,749 $7,156 3.18%
OXNARD-THOUSAND OAKS-VENTURA, CA 297 $156,385,000 $526,549 $6,631 3.23%
SALEM, OR 508 $152,280,000 $299,764 $5,551 3.29%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 529 $151,495,000 $286,380 $4,097 3.31%
ELGIN, IL 618 $143,480,000 $232,168 $4,552 3.28%
MONTGOMERY, AL 613 $141,915,000 $231,509 $4,087 3.04%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 527 $136,655,000 $259,307 $4,703 3.16%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 433 $133,505,000 $308,326 $3,704 3.26%
JACKSON, MS 589 $131,845,000 $223,846 $4,347 3.22%
NEW HAVEN-MILFORD, CT 523 $130,915,000 $250,315 $5,561 3.32%
OMAHA-COUNCIL BLUFFS, NE-IA 572 $129,950,000 $227,185 $4,032 3.18%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 557 $127,835,000 $229,506 $5,180 3.21%
RICHMOND, VA 477 $125,515,000 $263,134 $4,079 3.20%
FLAGSTAFF, AZ 391 $125,205,000 $320,217 $4,846 3.30%
GRAND JUNCTION, CO 542 $119,020,000 $219,594 $5,577 3.36%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 173 $116,895,000 $675,694 $5,695 3.17%
WACO, TX 579 $116,105,000 $200,527 $4,432 3.43%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 191 $115,665,000 $605,576 $5,933 3.15%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 532 $114,250,000 $214,756 $5,245 3.30%
GREENSBORO-HIGH POINT, NC 628 $113,740,000 $181,115 $4,514 3.27%
SALISBURY, MD-DE 384 $113,690,000 $296,068 $4,618 3.29%
DES MOINES-WEST DES MOINES, IA 555 $113,595,000 $204,676 $2,969 3.29%
SPRINGFIELD, MA 499 $113,285,000 $227,024 $5,124 3.21%
PROVO-OREM, UT 351 $112,165,000 $319,558 $5,438 3.25%
TOLEDO, OH 631 $109,825,000 $174,049 $5,235 3.22%
STOCKTON, CA 328 $107,100,000 $326,524 $6,440 3.23%
BOULDER, CO 273 $106,535,000 $390,238 $4,887 3.24%
CAMDEN, NJ 445 $105,045,000 $236,056 $5,233 3.23%
LAWRENCE, KS 437 $100,025,000 $228,890 $2,620 3.17%
LAFAYETTE, LA 396 $91,330,000 $230,631 $3,953 3.11%
MEMPHIS, TN-MS-AR 491 $88,765,000 $180,784 $4,896 3.46%
SIOUX FALLS, SD 363 $88,515,000 $243,843 $4,670 3.03%
BELLINGHAM, WA 254 $85,850,000 $337,992 $4,340 3.35%
BATON ROUGE, LA 497 $85,845,000 $172,726 $4,812 3.41%
BURLINGTON-SOUTH BURLINGTON, VT 319 $85,445,000 $267,853 $5,017 3.31%
NORTH PORT-SARASOTA-BRADENTON, FL 312 $84,620,000 $271,218 $5,703 3.27%
MEDFORD, OR 306 $84,580,000 $276,405 $7,774 3.57%
NAPA, CA 169 $84,125,000 $497,781 $6,173 3.13%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 276 $84,020,000 $304,420 $5,549 3.13%
GARY, IN 406 $83,920,000 $206,700 $3,458 3.39%
DURHAM-CHAPEL HILL, NC 332 $83,830,000 $252,500 $3,793 3.17%
GAINESVILLE, GA 300 $83,680,000 $278,933 $4,391 3.19%
CANTON-MASSILLON, OH 508 $82,470,000 $162,343 $3,591 3.28%
TOPEKA, KS 508 $81,120,000 $159,685 $2,727 3.34%
FRESNO, CA 316 $79,550,000 $251,741 $5,572 3.19%
ST. JOSEPH, MO-KS 519 $79,175,000 $152,553 $2,794 3.21%
RENO, NV 224 $76,350,000 $340,848 $5,807 3.21%
DETROIT-DEARBORN-LIVONIA, MI 400 $76,140,000 $190,350 $3,259 3.40%
OKLAHOMA CITY, OK 350 $75,900,000 $216,857 $5,048 3.38%
LEXINGTON-FAYETTE, KY 366 $75,440,000 $206,120 $3,616 3.31%
SAN LUIS OBISPO-PASO ROBLES, CA 169 $74,555,000 $441,154 $7,437 3.12%
SANTA ROSA-PETALUMA, CA 178 $72,660,000 $408,202 $5,264 3.17%
ASHEVILLE, NC 235 $72,145,000 $307,000 $4,576 3.17%
MANCHESTER-NASHUA, NH 262 $72,140,000 $275,344 $3,728 3.27%
MODESTO, CA 263 $71,645,000 $272,414 $5,012 3.25%
BEND, OR 206 $70,330,000 $341,408 $5,305 3.22%
HARRISBURG-CARLISLE, PA 331 $70,155,000 $211,949 $4,910 3.35%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 327 $67,705,000 $207,049 $4,950 3.35%
LANCASTER, PA 319 $66,105,000 $207,226 $4,903 3.32%
NORWICH-NEW LONDON, CT 265 $65,855,000 $248,509 $5,916 3.30%
CHEYENNE, WY 260 $65,380,000 $251,462 $5,926 3.11%
MOBILE, AL 354 $64,200,000 $181,356 $4,226 3.28%
PORTLAND-SOUTH PORTLAND, ME 224 $64,110,000 $286,205 $4,495 3.28%
COLLEGE STATION-BRYAN, TX 269 $64,015,000 $237,974 $4,787 3.28%
CLARKSVILLE, TN-KY 320 $63,680,000 $199,000 $4,670 3.38%
YUMA, AZ 283 $63,165,000 $223,198 $4,619 3.38%
TULSA, OK 286 $62,100,000 $217,133 $5,274 3.19%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 265 $61,725,000 $232,925 $4,252 3.20%
VALDOSTA, GA 318 $61,290,000 $192,736 $4,817 3.17%
LAKELAND-WINTER HAVEN, FL 309 $59,345,000 $192,055 $5,559 3.32%
SHREVEPORT-BOSSIER CITY, LA 309 $59,195,000 $191,570 $4,685 3.28%
CAPE CORAL-FORT MYERS, FL 235 $58,605,000 $249,383 $5,499 3.33%
COEUR D'ALENE, ID 192 $58,580,000 $305,104 $6,725 3.18%
SAVANNAH, GA 233 $58,525,000 $251,180 $4,727 3.27%
GREAT FALLS, MT 266 $56,640,000 $212,932 $6,565 2.95%
DAPHNE-FAIRHOPE-FOLEY, AL 233 $56,445,000 $242,253 $4,576 3.25%
SPARTANBURG, SC 279 $55,955,000 $200,556 $4,578 3.33%
RACINE, WI 255 $52,775,000 $206,961 $3,181 3.23%
CHATTANOOGA, TN-GA 235 $52,575,000 $223,723 $4,679 3.28%
DAYTON-KETTERING, OH 365 $52,005,000 $142,479 $5,949 3.50%
DOTHAN, AL 274 $51,800,000 $189,051 $3,701 3.05%
ALEXANDRIA, LA 247 $49,935,000 $202,166 $4,938 3.42%
LAKE HAVASU CITY-KINGMAN, AZ 232 $49,340,000 $212,672 $5,483 3.37%
ANNISTON-OXFORD, AL 296 $47,600,000 $160,811 $4,094 3.10%
PITTSBURGH, PA 233 $46,785,000 $200,794 $5,437 3.19%
ST. GEORGE, UT 149 $45,115,000 $302,785 $4,470 3.26%
FLORENCE-MUSCLE SHOALS, AL 235 $43,695,000 $185,936 $3,767 3.08%
HICKORY-LENOIR-MORGANTON, NC 223 $43,475,000 $194,955 $4,806 3.28%
FLORENCE, SC 286 $42,310,000 $147,937 $4,772 3.52%
ATHENS-CLARKE COUNTY, GA 167 $42,205,000 $252,725 $4,319 3.33%
HILTON HEAD ISLAND-BLUFFTON, SC 148 $41,560,000 $280,811 $4,946 3.28%
NAPLES-MARCO ISLAND, FL 135 $41,335,000 $306,185 $5,375 3.25%
LONGVIEW, TX 204 $38,820,000 $190,294 $5,409 3.33%
MOUNT VERNON-ANACORTES, WA 118 $38,510,000 $326,356 $5,592 3.23%
WICHITA, KS 221 $38,025,000 $172,059 $4,523 3.25%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 132 $36,120,000 $273,636 $5,881 3.17%
MANHATTAN, KS 203 $36,075,000 $177,709 $3,733 2.92%
PUEBLO, CO 193 $36,005,000 $186,554 $5,914 3.39%
PHILADELPHIA, PA 124 $35,700,000 $287,903 $5,347 3.17%
FAYETTEVILLE, NC 246 $35,430,000 $144,024 $4,439 3.35%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 242 $35,210,000 $145,496 $3,930 3.38%
YUBA CITY, CA 142 $34,610,000 $243,732 $6,274 3.34%
KENNEWICK-RICHLAND, WA 120 $34,280,000 $285,667 $3,840 3.25%
ALBUQUERQUE, NM 122 $33,760,000 $276,721 $5,129 3.48%
KNOXVILLE, TN 153 $32,525,000 $212,582 $3,946 3.36%
SPRINGFIELD, MO 172 $32,520,000 $189,070 $3,956 3.20%
LINCOLN, NE 154 $31,840,000 $206,753 $3,469 3.09%
LONGVIEW, WA 124 $31,770,000 $256,210 $5,718 3.36%
DULUTH, MN-WI 242 $31,720,000 $131,074 $3,526 3.34%
BAKERSFIELD, CA 136 $31,350,000 $230,515 $5,990 3.31%
ROCHESTER, NY 177 $30,655,000 $173,192 $4,710 3.05%
YORK-HANOVER, PA 146 $30,570,000 $209,384 $5,651 3.32%
GADSDEN, AL 196 $30,340,000 $154,796 $3,606 3.38%
STATE COLLEGE, PA 106 $29,700,000 $280,189 $5,529 3.34%
SAN RAFAEL, CA 51 $29,445,000 $577,353 $5,892 3.18%
COLUMBIA, SC 139 $29,275,000 $210,612 $5,083 3.38%
BROWNSVILLE-HARLINGEN, TX 150 $28,520,000 $190,133 $5,253 3.26%
HUNTSVILLE, AL 133 $28,175,000 $211,842 $3,888 3.28%
PORT ST. LUCIE, FL 110 $27,800,000 $252,727 $5,222 3.25%
EL PASO, TX 173 $27,675,000 $159,971 $5,831 3.34%
SANTA MARIA-SANTA BARBARA, CA 70 $27,200,000 $388,571 $5,974 3.16%
KINGSPORT-BRISTOL, TN-VA 148 $26,540,000 $179,324 $3,262 3.44%
TRENTON-PRINCETON, NJ 93 $26,485,000 $284,785 $4,455 3.19%
CALIFORNIA-LEXINGTON PARK, MD 81 $25,995,000 $320,926 $5,729 3.09%
EAST STROUDSBURG, PA 138 $25,530,000 $185,000 $5,082 3.38%
SIERRA VISTA-DOUGLAS, AZ 122 $25,040,000 $205,246 $5,243 3.26%
WENATCHEE, WA 75 $24,835,000 $331,133 $4,643 3.26%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 196 $24,780,000 $126,429 $3,168 3.43%
PANAMA CITY, FL 104 $23,980,000 $230,577 $4,451 3.20%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 74 $23,610,000 $319,054 $7,375 3.16%
CORPUS CHRISTI, TX 97 $23,595,000 $243,247 $5,532 3.28%
LUBBOCK, TX 122 $23,570,000 $193,197 $5,581 3.46%
WINCHESTER, VA-WV 90 $23,480,000 $260,889 $4,613 3.28%
EL CENTRO, CA 147 $23,185,000 $157,721 $7,946 3.29%
ROCHESTER, MN 109 $22,955,000 $210,596 $4,574 3.28%
SANTA CRUZ-WATSONVILLE, CA 38 $22,770,000 $599,211 $5,810 3.10%
DOVER, DE 111 $22,735,000 $204,820 $5,746 3.27%
DALTON, GA 130 $22,580,000 $173,692 $4,601 3.29%
MADERA, CA 98 $22,170,000 $226,224 $6,101 3.38%
TYLER, TX 91 $22,085,000 $242,692 $5,852 3.12%
GREEN BAY, WI 118 $22,060,000 $186,949 $3,211 3.28%
JANESVILLE-BELOIT, WI 110 $21,490,000 $195,364 $3,072 3.13%
BEAUMONT-PORT ARTHUR, TX 126 $21,140,000 $167,778 $5,601 3.40%
MACON-BIBB COUNTY, GA 131 $21,115,000 $161,183 $3,979 3.45%
CHICO, CA 65 $21,075,000 $324,231 $4,638 3.21%
PALM BAY-MELBOURNE-TITUSVILLE, FL 76 $20,760,000 $273,158 $6,855 3.25%
SHERMAN-DENISON, TX 85 $20,385,000 $239,824 $5,447 3.35%
REDDING, CA 85 $19,835,000 $233,353 $5,172 3.32%
EUGENE-SPRINGFIELD, OR 69 $19,725,000 $285,870 $3,687 3.13%
WILMINGTON, NC 80 $19,470,000 $243,375 $4,137 3.23%
MONROE, MI 87 $18,525,000 $212,931 $4,690 3.26%
WARNER ROBINS, GA 108 $18,500,000 $171,296 $4,342 3.22%
ALBANY-LEBANON, OR 67 $18,415,000 $274,851 $5,482 3.39%
IDAHO FALLS, ID 78 $18,280,000 $234,359 $7,073 3.20%
WAUSAU-WESTON, WI 102 $18,220,000 $178,627 $5,223 3.17%
AUGUSTA-RICHMOND COUNTY, GA-SC 86 $18,130,000 $210,814 $4,797 3.26%
TUSCALOOSA, AL 79 $17,845,000 $225,886 $3,543 3.12%
BURLINGTON, NC 112 $17,800,000 $158,929 $4,478 3.41%
ANN ARBOR, MI 66 $17,770,000 $269,242 $3,203 3.21%
PEORIA, IL 148 $17,620,000 $119,054 $4,252 3.51%
OCALA, FL 100 $17,510,000 $175,100 $5,775 3.41%
HOMOSASSA SPRINGS, FL 104 $16,970,000 $163,173 $4,552 3.42%
AMES, IA 88 $16,580,000 $188,409 $3,270 3.31%
YAKIMA, WA 65 $16,445,000 $253,000 $4,791 3.45%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 80 $16,200,000 $202,500 $3,977 3.25%
GULFPORT-BILOXI, MS 86 $15,870,000 $184,535 $3,784 3.50%
FORT SMITH, AR-OK 110 $15,630,000 $142,091 $4,928 3.56%
JOHNSON CITY, TN 97 $15,595,000 $160,773 $3,340 3.45%
NEW ORLEANS-METAIRIE, LA 62 $15,560,000 $250,968 $5,609 3.42%
ROME, GA 80 $15,420,000 $192,750 $4,974 3.40%
HAGERSTOWN-MARTINSBURG, MD-WV 64 $15,120,000 $236,250 $6,226 3.28%
AUBURN-OPELIKA, AL 56 $15,110,000 $269,821 $3,664 3.26%
ALBANY-SCHENECTADY-TROY, NY 50 $14,880,000 $297,600 $6,836 3.15%
ST. CLOUD, MN 75 $14,745,000 $196,600 $4,333 3.29%
SALINAS, CA 30 $14,390,000 $479,667 $7,105 3.28%
TALLAHASSEE, FL 63 $14,195,000 $225,317 $4,594 3.28%
MCALLEN-EDINBURG-MISSION, TX 87 $13,855,000 $159,253 $5,496 3.58%
MANSFIELD, OH 106 $13,680,000 $129,057 $4,427 3.60%
LAFAYETTE-WEST LAFAYETTE, IN 80 $13,520,000 $169,000 $3,113 3.37%
CORVALLIS, OR 44 $13,290,000 $302,045 $4,481 3.31%
GRANTS PASS, OR 42 $13,130,000 $312,619 $7,175 3.42%
CHAMPAIGN-URBANA, IL 80 $12,750,000 $159,375 $4,930 3.47%
ALBANY, GA 64 $12,510,000 $195,469 $6,249 3.13%
OCEAN CITY, NJ 41 $12,225,000 $298,171 $6,026 3.10%
POCATELLO, ID 68 $12,200,000 $179,412 $6,836 3.25%
CHARLOTTESVILLE, VA 41 $12,145,000 $296,220 $2,501 3.14%
FARGO, ND-MN 56 $11,610,000 $207,321 $6,027 3.22%
LEBANON, PA 56 $11,540,000 $206,071 $4,681 3.23%
ABILENE, TX 55 $10,715,000 $194,818 $5,052 3.61%
READING, PA 55 $10,555,000 $191,909 $5,650 3.36%
SEBASTIAN-VERO BEACH, FL 38 $9,990,000 $262,895 $5,630 3.12%
APPLETON, WI 47 $9,745,000 $207,340 $3,085 3.28%
TWIN FALLS, ID 51 $9,725,000 $190,686 $9,270 3.42%
CAPE GIRARDEAU, MO-IL 55 $9,435,000 $171,545 $4,318 3.32%
MIDLAND, TX 38 $9,430,000 $248,158 $6,021 3.17%
PUNTA GORDA, FL 44 $9,410,000 $213,864 $5,266 3.39%
GRAND RAPIDS-KENTWOOD, MI 40 $9,200,000 $230,000 $4,028 3.26%
ROCKFORD, IL 59 $8,995,000 $152,458 $4,647 3.19%
COLUMBUS, IN 48 $8,860,000 $184,583 $4,347 3.31%
PITTSFIELD, MA 26 $8,110,000 $311,923 $4,807 3.14%
OSHKOSH-NEENAH, WI 36 $8,000,000 $222,222 $3,420 3.25%
LOGAN, UT-ID 28 $7,850,000 $280,357 $4,753 3.23%
MERCED, CA 32 $7,830,000 $244,688 $6,924 3.28%
DECATUR, AL 42 $7,760,000 $184,762 $4,279 3.47%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 34 $7,420,000 $218,235 $5,104 3.35%
EAU CLAIRE, WI 37 $7,285,000 $196,892 $4,207 3.36%
BILLINGS, MT 24 $7,270,000 $302,917 $6,512 3.14%
KAHULUI-WAILUKU-LAHAINA, HI 13 $7,215,000 $555,000 $7,307 3.47%
ROANOKE, VA 25 $7,185,000 $287,400 $2,567 3.11%
JACKSONVILLE, NC 33 $6,885,000 $208,636 $3,441 3.30%
ANCHORAGE, AK 16 $6,780,000 $423,750 $6,694 3.24%
EVANSVILLE, IN-KY 50 $6,760,000 $135,200 $3,061 3.43%
FOND DU LAC, WI 40 $6,710,000 $167,750 $3,493 3.48%
BRUNSWICK, GA 24 $6,690,000 $278,750 $5,210 3.23%
LYNCHBURG, VA 25 $6,595,000 $263,800 $3,929 3.37%
FORT WAYNE, IN 32 $6,560,000 $205,000 $3,731 3.24%
ELIZABETHTOWN-FORT KNOX, KY 35 $6,415,000 $183,286 $4,316 3.59%
KOKOMO, IN 33 $5,965,000 $180,758 $3,738 3.41%
VISALIA, CA 29 $5,775,000 $199,138 $5,796 3.34%
FLINT, MI 36 $5,650,000 $156,944 $3,151 3.39%
SHEBOYGAN, WI 26 $5,540,000 $213,077 $3,981 3.14%
BOWLING GREEN, KY 33 $5,515,000 $167,121 $5,270 3.83%
COLUMBUS, GA-AL 23 $5,495,000 $238,913 $5,576 3.51%
SUMTER, SC 26 $5,240,000 $201,538 $5,420 3.30%
MUNCIE, IN 43 $5,215,000 $121,279 $2,624 3.40%
KANKAKEE, IL 33 $5,115,000 $155,000 $3,880 3.41%
GAINESVILLE, FL 24 $5,090,000 $212,083 $5,530 3.26%
BUFFALO-CHEEKTOWAGA, NY 21 $4,805,000 $228,810 $8,272 3.30%
BLOOMINGTON, IL 25 $4,785,000 $191,400 $3,977 3.30%
SANTA FE, NM 12 $4,510,000 $375,833 $6,687 3.34%
CASPER, WY 22 $4,420,000 $200,909 $5,499 2.90%
MANKATO, MN 19 $4,405,000 $231,842 $4,194 3.14%
CLEVELAND, TN 21 $4,385,000 $208,810 $5,486 3.07%
MISSOULA, MT 13 $4,365,000 $335,769 $6,565 3.16%
WALLA WALLA, WA 15 $4,345,000 $289,667 $3,728 3.46%
WICHITA FALLS, TX 28 $4,320,000 $154,286 $3,970 3.34%
LANSING-EAST LANSING, MI 20 $4,210,000 $210,500 $5,073 3.22%
NILES, MI 15 $4,135,000 $275,667 $3,533 3.12%
ODESSA, TX 20 $4,100,000 $205,000 $5,378 3.47%
GOLDSBORO, NC 24 $4,080,000 $170,000 $4,422 3.54%
THE VILLAGES, FL 16 $4,070,000 $254,375 $6,194 3.18%
HATTIESBURG, MS 22 $4,040,000 $183,636 $5,028 3.30%
BLOOMINGTON, IN 17 $3,965,000 $233,235 $3,387 3.34%
GLENS FALLS, NY 14 $3,950,000 $282,143 $6,428 3.19%
SEBRING-AVON PARK, FL 21 $3,885,000 $185,000 $5,658 3.33%
ATLANTIC CITY-HAMMONTON, NJ 15 $3,875,000 $258,333 $5,344 3.16%
ROCKY MOUNT, NC 21 $3,795,000 $180,714 $4,283 3.44%
SOUTH BEND-MISHAWAKA, IN-MI 18 $3,770,000 $209,444 $3,745 3.16%
SCRANTON--WILKES-BARRE, PA 20 $3,730,000 $186,500 $4,799 3.38%
AMARILLO, TX 17 $3,705,000 $217,941 $4,665 3.58%
MICHIGAN CITY-LA PORTE, IN 19 $3,555,000 $187,105 $3,252 3.14%
FAIRBANKS, AK 11 $3,425,000 $311,364 $7,362 2.81%
CARSON CITY, NV 14 $3,350,000 $239,286 $5,374 3.21%
LAS CRUCES, NM 15 $3,305,000 $220,333 $6,037 3.46%
LEWISTON-AUBURN, ME 19 $3,215,000 $169,211 $5,201 3.52%
BISMARCK, ND 17 $3,205,000 $188,529 $5,535 3.33%
MORRISTOWN, TN 14 $3,080,000 $220,000 $3,767 3.24%
RAPID CITY, SD 11 $3,075,000 $279,545 $5,760 3.03%
GETTYSBURG, PA 13 $3,075,000 $236,538 $5,505 3.24%
HOT SPRINGS, AR 14 $3,070,000 $219,286 $3,585 3.48%
HINESVILLE, GA 15 $3,015,000 $201,000 $4,534 3.26%
SAN ANGELO, TX 12 $2,960,000 $246,667 $5,083 3.20%
CARBONDALE-MARION, IL 16 $2,910,000 $181,875 $3,368 3.01%
BANGOR, ME 14 $2,660,000 $190,000 $5,194 3.46%
STAUNTON, VA 11 $2,595,000 $235,909 $3,263 3.20%
VICTORIA, TX 10 $2,440,000 $244,000 $7,595 3.57%
LEWISTON, ID-WA 13 $2,395,000 $184,231 $5,712 3.43%
TERRE HAUTE, IN 16 $2,380,000 $148,750 $3,375 3.16%
CHAMBERSBURG-WAYNESBORO, PA 12 $2,310,000 $192,500 $5,553 3.10%
NEW BERN, NC 10 $2,290,000 $229,000 $4,426 3.37%
COLUMBIA, MO 10 $2,290,000 $229,000 $2,773 3.34%
LAKE CHARLES, LA 10 $2,080,000 $208,000 $3,348 3.31%
SPRINGFIELD, IL 9 $2,075,000 $230,556 $5,497 3.32%
MONROE, LA 11 $2,045,000 $185,909 $6,315 3.40%
BLACKSBURG-CHRISTIANSBURG, VA 8 $1,990,000 $248,750 $2,952 3.00%
KALAMAZOO-PORTAGE, MI 11 $1,935,000 $175,909 $4,892 3.49%
JEFFERSON CITY, MO 10 $1,870,000 $187,000 $3,605 3.39%
ELKHART-GOSHEN, IN 8 $1,870,000 $233,750 $6,026 3.28%
JOPLIN, MO 10 $1,860,000 $186,000 $4,138 3.32%
BAY CITY, MI 14 $1,840,000 $131,429 $4,413 3.59%
SPRINGFIELD, OH 16 $1,810,000 $113,125 $5,226 3.82%
CEDAR RAPIDS, IA 8 $1,800,000 $225,000 $5,019 3.45%
HANFORD-CORCORAN, CA 8 $1,700,000 $212,500 $4,924 3.28%
MIDLAND, MI 8 $1,580,000 $197,500 $4,981 3.31%
FARMINGTON, NM 4 $1,430,000 $357,500 $4,348 3.53%
HUNTINGTON-ASHLAND, WV-KY-OH 9 $1,415,000 $157,222 $5,555 3.63%
LA CROSSE-ONALASKA, WI-MN 6 $1,380,000 $230,000 $4,323 3.04%
SYRACUSE, NY 8 $1,320,000 $165,000 $5,192 3.64%
HOUMA-THIBODAUX, LA 9 $1,315,000 $146,111 $4,063 3.61%
GREENVILLE, NC 7 $1,315,000 $187,857 $5,151 3.43%
LAREDO, TX 5 $1,175,000 $235,000 $3,222 3.15%
WATERLOO-CEDAR FALLS, IA 7 $1,155,000 $165,000 $2,418 3.46%
JACKSON, MI 7 $1,155,000 $165,000 $2,688 3.25%
DECATUR, IL 10 $1,090,000 $109,000 $4,435 3.36%
HAMMOND, LA 6 $1,050,000 $175,000 $4,445 3.50%
TEXARKANA, TX-AR 6 $1,050,000 $175,000 $4,626 3.29%
DANVILLE, IL 8 $1,020,000 $127,500 $3,465 3.67%
DUBUQUE, IA 3 $1,015,000 $338,333 $4,783 3.29%
JACKSON, TN 5 $985,000 $197,000 $2,382 3.12%
SIOUX CITY, IA-NE-SD 5 $935,000 $187,000 $3,007 3.30%
ERIE, PA 5 $905,000 $181,000 $4,288 3.38%
ALTOONA, PA 5 $875,000 $175,000 $5,911 3.05%
MUSKEGON, MI 4 $800,000 $200,000 $3,267 3.40%
SAGINAW, MI 7 $775,000 $110,714 $2,157 3.89%
WEIRTON-STEUBENVILLE, WV-OH 6 $770,000 $128,333 $4,789 3.35%
ENID, OK 3 $765,000 $255,000 $3,817 3.91%
LIMA, OH 6 $740,000 $123,333 $6,104 3.48%
HARRISONBURG, VA 3 $725,000 $241,667 $2,277 3.54%
BINGHAMTON, NY 4 $710,000 $177,500 $7,133 3.12%
KINGSTON, NY 3 $705,000 $235,000 $4,469 3.29%
MORGANTOWN, WV 4 $690,000 $172,500 $6,988 3.41%
WILLIAMSPORT, PA 4 $690,000 $172,500 $5,258 3.44%
PARKERSBURG-VIENNA, WV 2 $680,000 $340,000 $5,035 3.69%
GRAND FORKS, ND-MN 3 $655,000 $218,333 $3,810 3.67%
JONESBORO, AR 4 $620,000 $155,000 $4,652 3.31%
WHEELING, WV-OH 3 $525,000 $175,000 $9,510 3.33%
LAWTON, OK 3 $395,000 $131,667 $6,308 3.00%
PINE BLUFF, AR 2 $360,000 $180,000 $6,992 2.94%
CHARLESTON, WV 2 $340,000 $170,000 $6,824 3.19%
VINELAND-BRIDGETON, NJ 2 $310,000 $155,000 $6,454 3.06%
BATTLE CREEK, MI 1 $265,000 $265,000 $2,000 2.99%
CUMBERLAND, MD-WV 2 $260,000 $130,000 $3,570 2.68%
OWENSBORO, KY 1 $225,000 $225,000 $6,220 4.25%
IOWA CITY, IA 1 $185,000 $185,000 $2,807 2.13%
ITHACA, NY 1 $185,000 $185,000 $3,734 4.38%
WATERTOWN-FORT DRUM, NY 1 $165,000 $165,000 $9,404 2.99%
BECKLEY, WV 1 $145,000 $145,000 $8,749 2.63%
ELMIRA, NY 1 $125,000 $125,000 $2,651 2.75%
UTICA-ROME, NY 1 $105,000 $105,000 $3,338 3.63%
JOHNSTOWN, PA 1 $45,000 $45,000 $1,283 4.50%

Fairway Independent Mortgage Corporation's top markets include Phoenix, Seattle, Denver, Atlanta, and Washington among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 116,627 $33,612,855,000 $288,208
2.5-3% 80,671 $25,132,985,000 $311,549
4-5% 11,576 $2,596,760,000 $224,323
<2.5% 11,172 $3,246,770,000 $290,617
5-6% 1,608 $306,230,000 $190,442
6-7% 18 $3,750,000 $208,333
7-8% 9 $75,000 $8,333

During 2020, Fairway Independent Mortgage Corporation's average interest rate was 3.29%, while their most frequently originated rate bucket was 3-4%, with 116,627 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 114,338 $32,626,910,000 $285,355 $5,064 3.22%
$100k-200k 54,925 $8,627,745,000 $157,082 $4,075 3.33%
$400k-600k 35,247 $16,731,645,000 $474,697 $5,850 3.17%
$100,000 or less 15,326 $673,210,000 $43,926 $3,221 3.57%
$600k-1MM 7,548 $5,343,710,000 $707,964 $7,508 3.16%
$1MM+ 770 $954,280,000 $1,239,325 $9,862 3.08%

2020 saw Fairway Independent Mortgage Corporation place emphasis on $200k-400k loans with 114,338 originations, totaling $32,626,910,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 53,866 $11,401,250,000 $211,659 $5,058 3.30%
$100k-150k 51,352 $16,860,340,000 $328,329 $5,086 3.22%
$75k-100k 42,450 $11,406,950,000 $268,715 $5,244 3.26%
$150k-250k 33,457 $13,391,085,000 $400,248 $4,974 3.20%
$50k or less 30,226 $4,437,570,000 $146,813 $4,429 3.33%
$250k+ 11,462 $5,647,580,000 $492,722 $5,267 3.18%

Fairway Independent Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 53,866 originations. The second most popular income band? $100k-150k, with 51,352 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 48,246 $14,118,120,000 $292,628 $4,255 3.19%
30-36% 42,064 $12,099,700,000 $287,650 $4,747 3.25%
<20% 16,654 $4,740,440,000 $284,643 $3,758 3.10%
50-60% 10,294 $2,679,250,000 $260,273 $8,308 3.31%
44% 10,088 $2,764,110,000 $274,000 $5,488 3.36%
43% 9,219 $2,495,235,000 $270,662 $5,316 3.32%
42% 9,099 $2,592,635,000 $284,936 $5,377 3.32%
41% 8,928 $2,507,680,000 $280,878 $5,227 3.32%
40% 8,596 $2,421,990,000 $281,758 $5,194 3.32%
39% 8,333 $2,353,185,000 $282,393 $5,136 3.30%
38% 8,209 $2,322,725,000 $282,949 $5,088 3.29%
37% 8,075 $2,266,755,000 $280,713 $5,015 3.29%
36% 7,749 $2,192,645,000 $282,958 $4,947 3.28%
45% 6,446 $1,780,130,000 $276,160 $5,415 3.31%
49% 6,037 $1,725,525,000 $285,825 $5,928 3.30%
46% 5,385 $1,494,025,000 $277,442 $5,659 3.28%
47% 5,242 $1,466,720,000 $279,802 $5,765 3.28%
48% 5,184 $1,450,410,000 $279,786 $5,847 3.31%
>60% 445 $132,425,000 $297,584 $7,946 3.29%

Fairway Independent Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 48,246 originations. The next most common DTI ratio? 30-36%, with 42,064 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 175,008 $49,026,170,000 $280,137 $4,842 3.25%
Not provided 28,369 $8,666,995,000 $305,509 $5,446 3.24%
Asian 9,800 $3,400,300,000 $346,969 $5,113 3.17%
Black 12,194 $2,995,940,000 $245,690 $5,968 3.34%
American Indian 1,351 $371,555,000 $275,022 $5,788 3.28%
Asian Indian 389 $158,195,000 $406,671 $4,333 3.01%
Native Hawaiian 506 $157,830,000 $311,917 $6,626 3.33%
Filipino 128 $46,730,000 $365,078 $5,746 3.10%
Other Asian 124 $39,410,000 $317,823 $5,176 3.19%
Korean 67 $24,435,000 $364,701 $4,791 3.10%
Chinese 56 $20,290,000 $362,321 $4,281 3.08%
Japanese 38 $14,500,000 $381,579 $5,620 3.35%
Other Pacific Islander 51 $12,695,000 $248,922 $6,880 3.23%
Vietnamese 32 $9,480,000 $296,250 $4,193 3.18%
Samoan 22 $5,410,000 $245,909 $7,790 3.31%
Native Hawiian 10 $4,410,000 $441,000 $7,141 3.06%
Guamanian 6 $2,330,000 $388,333 $7,822 3.15%
3 $825,000 $275,000 $3,250 3.54%

Approval Rates

Total approvals of all applications
95.08%

Fairway Independent Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
70.28%

Fairway Independent Mortgage Corporation has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 228,154 $64,957,500,000 $284,709

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 2,965 $517,515,000 $174,541
Single Family (1-4 Units):Site-Built 225,189 $64,439,985,000 $286,160

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 5,622 $1,272,900,000 $226,414 $3,497 3.04%
40-60% 22,439 $6,479,945,000 $288,780 $3,624 3.07%
60-80% 69,842 $22,129,540,000 $316,851 $4,167 3.26%
80-100% 117,451 $33,282,315,000 $283,372 $5,495 3.30%
Over 100% 4,757 $1,660,455,000 $349,055 $11,844 3.17%
Under 20% 8,042 $132,160,000 $16,434 $3,593 3.42%