U.s. Home Mortgage Rates, Fees & Info
LINCOLN, NELEI: 549300MNG3C6WSZ0TB17
Tax ID: 30-0359861
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Mortgage Data
Review & Overview
U.s. Home Mortgage is a smaller mortgage company specializing in Refi and Home Purchase loans. U.s. Home Mortgage has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Lincoln, Omaha, Grand Island, Beatrice, and Kearney among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)U.s. Home Mortgage 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. U.s. Home Mortgage is typically a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.57% | 5/4/24 |
| 30 Year Conventional Refi | 6.63% | 5/4/24 |
| 30 Year Cash-out Refi | 6.73% | 5/4/24 |
| 30 Year VA Purchase | 6.04% | 5/4/24 |
| 30 Year VA Refi | 6.15% | 5/4/24 |
| 15 Year Conventional Purchase | 5.94% | 5/4/24 |
| 15 Year Conventional Refi | 6.18% | 5/4/24 |
| 15 Year Cash-out Refi | 6.18% | 5/4/24 |
| 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. | ||
U.s. Home Mortgage Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
156Origination Dollar Volume (All Markets)
$32,330,000Awards
U.S. HOME MORTGAGE - 2020
U.S. HOME MORTGAGE is a 2020 , due to their low .
For 2020, 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 |
|---|---|---|---|---|---|
| LINCOLN, NE (FHA|USDA|VA) | 102 | $21,510,000 | $210,882 | $1,893 | 3.01% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 15 | $3,875,000 | $258,333 | $1,884 | 2.98% |
| GRAND ISLAND, NE (FHA|USDA|VA) | 20 | $3,790,000 | $189,500 | $2,157 | 3.07% |
| Outside of Metro Areas | 14 | $2,140,000 | $152,857 | $2,190 | 3.12% |
| Beatrice, NE (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $1,729 | 2.92% |
| Kearney, NE (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,871 | 3.00% |
| Hastings, NE (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,731 | 3.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against U.S. HOME MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 120
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Similarity Rank: 564
Similarity Rank: 780
Similarity Rank: 855
Similarity Rank: 880
Similarity Rank: 900
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 148 | $30,370,000 | $205,203 | $1,846 | 3.03% |
| VA | 7 | $1,835,000 | $262,143 | $4,126 | 2.86% |
| FHA | 1 | $125,000 | $125,000 | $0 | 3.50% |
For 2020, U.s. Home Mortgage's most frequently originated type of loan was Conventional, with 148 originations. Their 2nd most popular type was VA, with 7 originations.
Loan Reason
For 2020, U.s. Home Mortgage's most frequently cited loan purpose was Refi, with 75 originations. The 2nd most popular reason was Home Purchase, with 55 originations.
Loan Duration/Length
For 2020, U.s. Home Mortgage's most frequently cited loan duration was 30 Year, with 113 originations. The 2nd most popular length was 15 Year, with 31 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 148 | $30,790,000 | $208,041 |
| $1k-2k | 6 | $1,150,000 | $191,667 |
| $2k-3k | 1 | $265,000 | $265,000 |
U.s. Home Mortgage's average total fees were $2,057, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 148 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 72 | $14,430,000 | $200,417 |
| 3-4% | 69 | $15,175,000 | $219,928 |
| <2.5% | 13 | $2,445,000 | $188,077 |
| 4-5% | 2 | $280,000 | $140,000 |
During 2020, U.s. Home Mortgage's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 2.5-3%, with 72 originations.
Loan Sizing
2020 saw U.s. Home Mortgage place emphasis on $100k-200k loans with 69 originations, totaling $10,535,000 in origination value.
Applicant Income
U.s. Home Mortgage lent most frequently to those with incomes in the $100k-150k range, with 45 originations. The second most popular income band? $50k-75k, with 33 originations.
Applicant Debt to Income Ratio
U.s. Home Mortgage lent most frequently to those with DTI ratios of 20-30%, with 62 originations. The next most common DTI ratio? 30-36%, with 33 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.22%
U.s. Home Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination89.10%
U.s. Home Mortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 156 | $32,330,000 | $207,244 |