Finance Of America Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300MXJA09WZJ0DV55

Tax ID: 23-2769131

2020 Data | 2019 Data | 2018 Data


Overview

Finance Of America Mortgage is a large mortgage company specializing in Refi and Home Purchase loans. Finance Of America Mortgage 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 Los Angeles, Sacramento, San Diego, Portland, and Phoenix 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. Finance Of America Mortgage is typically an average fee lendor.


Originations

87,070

Origination Dollar Volume (All Markets)

$28,982,850,000

Relative Rate

Finance Of America Mortgage 's average 30 year fixed rate mortgage was 3.26%.

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

This yields a difference of -0.1%.

Relative Fees

Finance Of America Mortgage 's average total fees for a 30 year fixed rate mortgage are $5,596.

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 72,790 $24,661,340,000 $338,801 $4,534 3.18%
FHA 8,988 $2,470,620,000 $274,880 $10,092 3.31%
VA 4,656 $1,721,650,000 $369,770 $6,995 2.96%
USDA 636 $129,240,000 $203,208 $6,606 3.26%

For the 2020 period, Finance Of America Mortgage 's most frequently originated loan type was Conventional, with 72,790 originations. Their 2nd most popular type is FHA, with 8,988 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 37,968 $13,266,600,000 $349,415 $4,152 3.08%
Home Purchase 31,283 $9,874,385,000 $315,647 $6,720 3.25%
Cash Out Refi 15,053 $4,952,135,000 $328,980 $5,112 3.29%
Other 2,672 $863,050,000 $322,998 $4,585 3.26%
Home Improvement 94 $26,680,000 $283,830 $5,143 3.35%

For the 2020, Finance Of America Mortgage 's most frequently cited loan purpose was Refi, with 37,968 originations. The 2nd most popular reason was Home Purchase, with 31,283 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 72,329 $24,927,195,000 $344,636 $5,595 3.26%
15 Year 9,441 $2,652,845,000 $280,992 $3,637 2.74%
20 Year 3,511 $1,012,395,000 $288,349 $3,684 3.06%
Other 897 $275,045,000 $306,628 $4,144 3.08%
10 Year 712 $113,440,000 $159,326 $2,353 3.02%
3 Year 139 $1,325,000 $9,532 $6 0.00%
5 Year 41 $605,000 $14,756 $0 0.00%

For the 2020, Finance Of America Mortgage 's most frequently cited loan length was 30 Year, with 72,329 originations. The 2nd most popular length was 15 Year, with 9,441 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 35,881 $12,129,565,000 $338,050
$<1k 17,238 $5,340,570,000 $309,814
$3k-4k 12,614 $3,962,040,000 $314,099
$2k-3k 11,914 $3,320,440,000 $278,701
$5k+ 9,276 $4,208,560,000 $453,704

$5,596 was Finance Of America Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 35,881 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
LOS ANGELES-LONG BEACH-GLENDALE, CA 6,803 $3,286,635,000 $483,116 $6,028 3.20%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 6,292 $2,210,780,000 $351,364 $5,084 3.18%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 3,494 $1,599,390,000 $457,753 $5,300 3.10%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 4,582 $1,533,530,000 $334,686 $5,178 3.18%
PHOENIX-MESA-CHANDLER, AZ 5,156 $1,404,100,000 $272,324 $4,442 3.26%
SEATTLE-BELLEVUE-KENT, WA 3,139 $1,331,335,000 $424,127 $4,910 3.12%
ANAHEIM-SANTA ANA-IRVINE, CA 2,242 $1,163,250,000 $518,845 $5,176 3.16%
Outside of Metro Areas 4,739 $1,153,045,000 $243,310 $5,014 3.27%
OAKLAND-BERKELEY-LIVERMORE, CA 2,346 $1,132,450,000 $482,715 $5,592 3.14%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 2,686 $905,210,000 $337,010 $5,870 3.11%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 902 $481,800,000 $534,146 $5,123 3.15%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 1,364 $409,720,000 $300,381 $5,602 3.12%
STOCKTON, CA 1,342 $404,950,000 $301,751 $6,086 3.07%
EUGENE-SPRINGFIELD, OR 1,392 $374,770,000 $269,231 $5,414 3.28%
OXNARD-THOUSAND OAKS-VENTURA, CA 694 $331,540,000 $477,723 $5,202 3.19%
TACOMA-LAKEWOOD, WA 1,005 $326,775,000 $325,149 $5,716 3.07%
LAS VEGAS-HENDERSON-PARADISE, NV 1,135 $312,325,000 $275,176 $4,802 3.11%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 783 $311,275,000 $397,542 $8,656 3.18%
NEW BRUNSWICK-LAKEWOOD, NJ 872 $295,160,000 $338,486 $6,532 3.13%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 1,066 $294,350,000 $276,126 $4,622 3.11%
NEWARK, NJ-PA 836 $287,240,000 $343,589 $7,928 3.25%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 454 $273,100,000 $601,542 $5,951 3.06%
DENVER-AURORA-LAKEWOOD, CO 817 $271,095,000 $331,818 $4,394 3.05%
BOISE CITY, ID 998 $270,720,000 $271,263 $5,625 3.32%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 1,016 $268,730,000 $264,498 $4,137 3.07%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 635 $251,255,000 $395,677 $4,414 3.07%
PHILADELPHIA, PA 793 $210,425,000 $265,353 $5,563 3.20%
GRAND RAPIDS-KENTWOOD, MI 1,006 $203,760,000 $202,545 $4,174 3.32%
DALLAS-PLANO-IRVING, TX 649 $198,115,000 $305,262 $4,295 3.08%
ALBUQUERQUE, NM 951 $185,355,000 $194,905 $4,762 3.55%
TRENTON-PRINCETON, NJ 688 $183,540,000 $266,773 $4,800 3.06%
CAMDEN, NJ 789 $181,155,000 $229,601 $5,243 3.12%
SANTA MARIA-SANTA BARBARA, CA 333 $179,575,000 $539,264 $5,117 3.14%
SANTA ROSA-PETALUMA, CA 409 $173,725,000 $424,756 $5,933 3.15%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 796 $165,130,000 $207,450 $6,297 3.27%
INDIANAPOLIS-CARMEL-ANDERSON, IN 825 $159,205,000 $192,976 $3,829 3.43%
SALT LAKE CITY, UT 499 $144,605,000 $289,790 $5,423 3.27%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 649 $140,285,000 $216,156 $4,126 3.06%
RENO, NV 444 $136,930,000 $308,401 $4,338 3.22%
VALLEJO, CA 379 $134,435,000 $354,710 $5,473 3.13%
SALINAS, CA 325 $133,625,000 $411,154 $6,420 3.31%
URBAN HONOLULU, HI 254 $130,260,000 $512,835 $9,976 2.85%
KENNEWICK-RICHLAND, WA 478 $124,800,000 $261,088 $5,134 3.02%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 402 $123,990,000 $308,433 $4,542 3.19%
SANTA CRUZ-WATSONVILLE, CA 211 $113,555,000 $538,175 $8,383 3.14%
CHICAGO-NAPERVILLE-EVANSTON, IL 382 $109,180,000 $285,812 $4,027 3.14%
MODESTO, CA 385 $108,535,000 $281,909 $5,726 3.23%
BEND, OR 339 $108,055,000 $318,746 $5,137 3.27%
YUBA CITY, CA 384 $104,270,000 $271,536 $5,468 3.17%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 302 $96,600,000 $319,868 $4,589 3.09%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 239 $92,195,000 $385,753 $5,012 3.02%
KANSAS CITY, MO-KS 368 $90,290,000 $245,353 $3,662 3.27%
NASSAU COUNTY-SUFFOLK COUNTY, NY 208 $87,300,000 $419,712 $12,547 3.07%
FRESNO, CA 304 $84,900,000 $279,276 $4,808 3.19%
VINELAND-BRIDGETON, NJ 471 $84,745,000 $179,926 $7,011 3.06%
SALEM, OR 311 $84,665,000 $272,235 $5,465 3.31%
VISALIA, CA 255 $83,865,000 $328,882 $6,475 3.26%
BAKERSFIELD, CA 308 $82,790,000 $268,799 $5,385 3.15%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 317 $81,135,000 $255,946 $5,763 3.17%
APPLETON, WI 399 $74,045,000 $185,576 $3,215 3.28%
PALM BAY-MELBOURNE-TITUSVILLE, FL 298 $73,060,000 $245,168 $5,867 3.37%
WINCHESTER, VA-WV 279 $72,635,000 $260,341 $5,078 3.25%
SPOKANE-SPOKANE VALLEY, WA 261 $69,465,000 $266,149 $3,943 3.08%
DES MOINES-WEST DES MOINES, IA 298 $69,240,000 $232,349 $3,476 3.09%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 248 $68,050,000 $274,395 $3,186 3.04%
ORLANDO-KISSIMMEE-SANFORD, FL 250 $67,620,000 $270,480 $6,875 3.22%
BALTIMORE-COLUMBIA-TOWSON, MD 199 $67,465,000 $339,020 $4,504 3.09%
PROVO-OREM, UT 216 $67,360,000 $311,852 $5,996 3.20%
CHARLOTTESVILLE, VA 253 $65,045,000 $257,095 $4,214 3.11%
ANCHORAGE, AK 214 $64,780,000 $302,710 $6,746 3.06%
PITTSBURGH, PA 286 $63,990,000 $223,741 $4,849 3.11%
CAPE CORAL-FORT MYERS, FL 266 $58,880,000 $221,353 $5,709 3.19%
SAN LUIS OBISPO-PASO ROBLES, CA 132 $58,720,000 $444,848 $4,825 3.10%
SAN RAFAEL, CA 100 $58,620,000 $586,200 $5,454 3.12%
GREEN BAY, WI 326 $56,610,000 $173,650 $2,864 3.35%
BOSTON, MA 142 $55,990,000 $394,296 $4,552 3.18%
KAHULUI-WAILUKU-LAHAINA, HI 116 $55,190,000 $475,776 $6,045 3.49%
FLORENCE, SC 306 $52,060,000 $170,131 $5,356 3.25%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 116 $51,330,000 $442,500 $3,671 3.06%
BRIDGEPORT-STAMFORD-NORWALK, CT 138 $50,520,000 $366,087 $6,061 3.11%
COLORADO SPRINGS, CO 160 $46,010,000 $287,563 $5,299 3.19%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 141 $45,635,000 $323,652 $5,019 3.11%
TUCSON, AZ 174 $45,600,000 $262,069 $4,901 3.09%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 163 $44,535,000 $273,221 $4,424 3.17%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 182 $43,140,000 $237,033 $5,848 3.20%
WENATCHEE, WA 148 $41,320,000 $279,189 $4,680 3.18%
JACKSONVILLE, FL 157 $39,815,000 $253,599 $6,231 3.28%
ATLANTIC CITY-HAMMONTON, NJ 161 $39,755,000 $246,925 $6,110 3.03%
OGDEN-CLEARFIELD, UT 142 $39,610,000 $278,944 $4,293 3.20%
PRESCOTT VALLEY-PRESCOTT, AZ 142 $39,190,000 $275,986 $4,326 3.24%
OSHKOSH-NEENAH, WI 241 $38,285,000 $158,859 $3,290 3.27%
OCEAN CITY, NJ 101 $36,565,000 $362,030 $6,024 3.04%
LAKE HAVASU CITY-KINGMAN, AZ 163 $35,975,000 $220,706 $4,676 3.38%
HILTON HEAD ISLAND-BLUFFTON, SC 150 $35,310,000 $235,400 $5,337 2.99%
NEW HAVEN-MILFORD, CT 142 $35,300,000 $248,592 $5,765 3.25%
LONGVIEW, WA 123 $34,815,000 $283,049 $5,462 3.03%
CHICO, CA 119 $34,565,000 $290,462 $4,487 3.23%
MILWAUKEE-WAUKESHA, WI 135 $34,455,000 $255,222 $4,042 3.05%
NORTH PORT-SARASOTA-BRADENTON, FL 135 $34,395,000 $254,778 $6,108 3.17%
TYLER, TX 159 $33,075,000 $208,019 $4,395 3.40%
OLYMPIA-LACEY-TUMWATER, WA 117 $32,715,000 $279,615 $5,200 2.98%
MERCED, CA 111 $32,265,000 $290,676 $6,703 3.26%
COEUR D'ALENE, ID 96 $32,040,000 $333,750 $5,041 3.24%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 90 $32,030,000 $355,889 $5,505 3.22%
RALEIGH-CARY, NC 100 $31,790,000 $317,900 $2,918 2.97%
ALBANY-LEBANON, OR 122 $31,000,000 $254,098 $5,248 3.41%
LOGAN, UT-ID 119 $29,795,000 $250,378 $4,288 2.98%
WARREN-TROY-FARMINGTON HILLS, MI 114 $29,570,000 $259,386 $2,955 3.14%
NAPA, CA 67 $29,235,000 $436,343 $5,231 3.07%
RICHMOND, VA 105 $28,115,000 $267,762 $4,439 3.39%
MADERA, CA 88 $27,730,000 $315,114 $5,326 3.35%
MEMPHIS, TN-MS-AR 127 $27,635,000 $217,598 $5,859 3.54%
PROVIDENCE-WARWICK, RI-MA 96 $27,620,000 $287,708 $5,226 3.21%
ROCHESTER, NY 154 $26,980,000 $175,195 $5,497 2.65%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 78 $26,150,000 $335,256 $7,392 3.18%
SAN ANTONIO-NEW BRAUNFELS, TX 90 $25,230,000 $280,333 $5,491 3.15%
WILMINGTON, DE-MD-NJ 109 $25,225,000 $231,422 $6,283 3.24%
HUNTSVILLE, AL 99 $24,645,000 $248,939 $5,072 3.09%
PUEBLO, CO 138 $24,390,000 $176,739 $4,740 3.06%
MIAMI-MIAMI BEACH-KENDALL, FL 79 $24,355,000 $308,291 $7,653 3.21%
ST. LOUIS, MO-IL 104 $24,340,000 $234,038 $2,831 3.15%
SCRANTON--WILKES-BARRE, PA 159 $24,315,000 $152,925 $4,790 3.32%
NAPLES-MARCO ISLAND, FL 78 $24,090,000 $308,846 $6,190 3.25%
WORCESTER, MA-CT 84 $23,580,000 $280,714 $6,183 3.28%
RACINE, WI 121 $23,535,000 $194,504 $4,334 3.14%
CINCINNATI, OH-KY-IN 120 $23,490,000 $195,750 $4,836 3.39%
BIRMINGHAM-HOOVER, AL 126 $23,320,000 $185,079 $4,458 3.65%
ELGIN, IL 92 $22,920,000 $249,130 $4,720 3.23%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 72 $22,890,000 $317,917 $3,152 3.07%
FLAGSTAFF, AZ 80 $22,850,000 $285,625 $4,182 3.25%
HAGERSTOWN-MARTINSBURG, MD-WV 110 $22,710,000 $206,455 $5,547 3.36%
CARSON CITY, NV 81 $22,465,000 $277,346 $4,330 3.30%
GREELEY, CO 63 $22,355,000 $354,841 $4,804 3.17%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 73 $22,215,000 $304,315 $3,882 3.03%
EAST STROUDSBURG, PA 114 $21,600,000 $189,474 $6,193 3.39%
PUNTA GORDA, FL 100 $20,890,000 $208,900 $5,600 3.37%
BOULDER, CO 52 $19,920,000 $383,077 $4,268 2.99%
YAKIMA, WA 93 $19,855,000 $213,495 $5,822 2.95%
CHARLESTON-NORTH CHARLESTON, SC 69 $19,615,000 $284,275 $4,290 3.22%
READING, PA 84 $18,630,000 $221,786 $6,164 3.19%
BELLINGHAM, WA 55 $18,365,000 $333,909 $3,814 3.05%
SPRINGFIELD, MA 88 $18,290,000 $207,841 $5,967 3.48%
BROWNSVILLE-HARLINGEN, TX 132 $17,780,000 $134,697 $5,403 2.98%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 86 $17,350,000 $201,744 $7,796 3.38%
SPARTANBURG, SC 92 $17,020,000 $185,000 $4,318 3.38%
HANFORD-CORCORAN, CA 55 $16,925,000 $307,727 $6,874 3.25%
GREENVILLE-ANDERSON, SC 74 $16,620,000 $224,595 $4,014 3.20%
CORVALLIS, OR 53 $15,275,000 $288,208 $4,512 3.27%
ST. GEORGE, UT 47 $15,155,000 $322,447 $5,380 3.18%
COLUMBUS, OH 66 $14,470,000 $219,242 $6,037 3.34%
FORT COLLINS, CO 44 $14,290,000 $324,773 $3,376 3.03%
EAU CLAIRE, WI 79 $13,495,000 $170,823 $4,336 3.22%
LEXINGTON-FAYETTE, KY 77 $13,435,000 $174,481 $4,150 3.48%
MEDFORD, OR 42 $13,100,000 $311,905 $5,241 3.15%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 59 $12,375,000 $209,746 $3,431 3.15%
LANCASTER, PA 53 $12,215,000 $230,472 $5,536 3.31%
COLUMBIA, SC 54 $11,100,000 $205,556 $4,815 3.37%
MOUNT VERNON-ANACORTES, WA 37 $11,015,000 $297,703 $4,920 3.01%
YORK-HANOVER, PA 44 $10,640,000 $241,818 $7,007 3.44%
SANTA FE, NM 42 $10,010,000 $238,333 $5,790 3.49%
STATE COLLEGE, PA 44 $9,940,000 $225,909 $6,125 3.27%
MUSKEGON, MI 63 $9,785,000 $155,317 $4,343 3.37%
NORWICH-NEW LONDON, CT 40 $9,720,000 $243,000 $5,802 3.33%
DURHAM-CHAPEL HILL, NC 31 $9,625,000 $310,484 $2,432 3.03%
PORT ST. LUCIE, FL 36 $9,320,000 $258,889 $7,184 3.22%
LA CROSSE-ONALASKA, WI-MN 46 $8,530,000 $185,435 $4,682 3.62%
DETROIT-DEARBORN-LIVONIA, MI 29 $8,185,000 $282,241 $2,682 3.06%
KALAMAZOO-PORTAGE, MI 42 $7,790,000 $185,476 $4,348 3.39%
SALISBURY, MD-DE 26 $7,710,000 $296,538 $4,134 2.95%
REDDING, CA 27 $7,415,000 $274,630 $6,239 3.25%
LANSING-EAST LANSING, MI 42 $7,290,000 $173,571 $4,316 3.15%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 22 $6,690,000 $304,091 $10,230 3.12%
ASHEVILLE, NC 21 $6,225,000 $296,429 $3,553 3.13%
HARRISBURG-CARLISLE, PA 29 $6,185,000 $213,276 $5,238 3.22%
SUMTER, SC 38 $6,070,000 $159,737 $5,598 3.52%
BARNSTABLE TOWN, MA 18 $5,510,000 $306,111 $3,462 3.35%
ANN ARBOR, MI 16 $5,450,000 $340,625 $2,192 3.13%
KNOXVILLE, TN 19 $5,305,000 $279,211 $2,874 3.26%
CLEVELAND-ELYRIA, OH 18 $4,960,000 $275,556 $3,155 3.26%
LONGVIEW, TX 27 $4,545,000 $168,333 $4,925 3.63%
DULUTH, MN-WI 17 $4,525,000 $266,176 $4,033 3.01%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 11 $4,185,000 $380,455 $6,022 3.06%
CHATTANOOGA, TN-GA 16 $4,180,000 $261,250 $2,716 3.36%
GARY, IN 20 $4,150,000 $207,500 $3,202 3.21%
LAKELAND-WINTER HAVEN, FL 22 $4,090,000 $185,909 $6,590 3.54%
EL CENTRO, CA 17 $4,065,000 $239,118 $4,306 3.22%
MISSOULA, MT 13 $3,945,000 $303,462 $1,793 3.13%
PENSACOLA-FERRY PASS-BRENT, FL 14 $3,940,000 $281,429 $6,429 3.13%
STAUNTON, VA 17 $3,735,000 $219,706 $4,010 3.30%
OMAHA-COUNCIL BLUFFS, NE-IA 14 $3,690,000 $263,571 $2,875 3.15%
WALLA WALLA, WA 16 $3,580,000 $223,750 $4,417 3.01%
BILLINGS, MT 11 $3,495,000 $317,727 $3,502 2.86%
GULFPORT-BILOXI, MS 12 $3,420,000 $285,000 $5,380 3.67%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 19 $3,365,000 $177,105 $4,778 3.18%
GAINESVILLE, GA 11 $3,355,000 $305,000 $5,657 3.13%
NILES, MI 12 $3,240,000 $270,000 $4,705 3.19%
GREENVILLE, NC 20 $3,230,000 $161,500 $4,354 3.29%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 12 $3,230,000 $269,167 $2,708 3.18%
MADISON, WI 11 $3,205,000 $291,364 $2,642 3.09%
SOUTH BEND-MISHAWAKA, IN-MI 16 $3,170,000 $198,125 $4,211 3.10%
WINSTON-SALEM, NC 11 $3,115,000 $283,182 $2,476 3.18%
NEW ORLEANS-METAIRIE, LA 10 $3,100,000 $310,000 $4,121 3.36%
CORPUS CHRISTI, TX 12 $3,090,000 $257,500 $5,042 3.11%
TULSA, OK 14 $3,030,000 $216,429 $3,883 3.07%
FARMINGTON, NM 14 $3,010,000 $215,000 $8,827 3.48%
GRANTS PASS, OR 10 $2,910,000 $291,000 $3,806 3.14%
HARRISONBURG, VA 13 $2,825,000 $217,308 $3,970 3.00%
TWIN FALLS, ID 13 $2,805,000 $215,769 $4,435 3.35%
IDAHO FALLS, ID 12 $2,790,000 $232,500 $4,800 3.35%
GAINESVILLE, FL 10 $2,760,000 $276,000 $6,536 3.21%
SHEBOYGAN, WI 15 $2,745,000 $183,000 $3,694 3.15%
SAVANNAH, GA 12 $2,740,000 $228,333 $4,057 3.13%
AUGUSTA-RICHMOND COUNTY, GA-SC 12 $2,710,000 $225,833 $2,932 3.17%
GREENSBORO-HIGH POINT, NC 11 $2,665,000 $242,273 $2,264 3.00%
WILMINGTON, NC 9 $2,665,000 $296,111 $3,702 3.15%
EL PASO, TX 11 $2,655,000 $241,364 $2,900 3.16%
COLLEGE STATION-BRYAN, TX 8 $2,640,000 $330,000 $3,608 3.22%
YUMA, AZ 14 $2,530,000 $180,714 $3,084 3.18%
MIDLAND, TX 8 $2,490,000 $311,250 $5,269 2.86%
WAUSAU-WESTON, WI 14 $2,380,000 $170,000 $3,769 3.14%
AMES, IA 13 $2,315,000 $178,077 $3,522 3.34%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 8 $2,290,000 $286,250 $4,194 3.17%
FOND DU LAC, WI 13 $2,275,000 $175,000 $4,126 3.36%
LYNCHBURG, VA 9 $2,185,000 $242,778 $3,515 3.04%
OKLAHOMA CITY, OK 8 $2,180,000 $272,500 $4,471 3.30%
BATON ROUGE, LA 8 $2,160,000 $270,000 $3,207 3.00%
WACO, TX 7 $2,045,000 $292,143 $3,414 3.16%
FLINT, MI 11 $2,045,000 $185,909 $4,376 3.49%
SHERMAN-DENISON, TX 7 $1,955,000 $279,286 $4,536 3.37%
FORT WAYNE, IN 8 $1,920,000 $240,000 $2,814 3.03%
ROANOKE, VA 6 $1,920,000 $320,000 $4,837 3.08%
LAFAYETTE-WEST LAFAYETTE, IN 14 $1,910,000 $136,429 $3,923 3.94%
MUNCIE, IN 19 $1,875,000 $98,684 $3,464 4.09%
WICHITA, KS 9 $1,805,000 $200,556 $4,637 3.67%
BUFFALO-CHEEKTOWAGA, NY 10 $1,750,000 $175,000 $7,069 3.32%
KILLEEN-TEMPLE, TX 9 $1,745,000 $193,889 $4,420 3.17%
DOVER, DE 7 $1,735,000 $247,857 $6,109 3.14%
ATHENS-CLARKE COUNTY, GA 7 $1,715,000 $245,000 $3,019 3.20%
DAYTON-KETTERING, OH 10 $1,630,000 $163,000 $3,492 3.64%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 5 $1,595,000 $319,000 $2,673 3.00%
ROCHESTER, MN 10 $1,540,000 $154,000 $4,357 3.74%
ALBANY-SCHENECTADY-TROY, NY 7 $1,515,000 $216,429 $8,505 2.98%
LAWRENCE, KS 7 $1,465,000 $209,286 $2,764 3.10%
BATTLE CREEK, MI 9 $1,455,000 $161,667 $5,228 3.31%
TOLEDO, OH 6 $1,440,000 $240,000 $3,162 3.10%
LUBBOCK, TX 5 $1,425,000 $285,000 $5,228 3.30%
TERRE HAUTE, IN 9 $1,405,000 $156,111 $3,911 3.68%
CALIFORNIA-LEXINGTON PARK, MD 5 $1,395,000 $279,000 $4,622 3.17%
FARGO, ND-MN 6 $1,390,000 $231,667 $2,690 3.02%
MANCHESTER-NASHUA, NH 5 $1,365,000 $273,000 $6,064 2.95%
HOMOSASSA SPRINGS, FL 7 $1,365,000 $195,000 $3,671 3.43%
POCATELLO, ID 8 $1,360,000 $170,000 $3,941 3.52%
SYRACUSE, NY 9 $1,345,000 $149,444 $5,467 3.47%
TALLAHASSEE, FL 5 $1,335,000 $267,000 $6,201 3.12%
ROCKFORD, IL 6 $1,300,000 $216,667 $2,332 3.21%
BURLINGTON-SOUTH BURLINGTON, VT 4 $1,270,000 $317,500 $2,044 3.22%
LAS CRUCES, NM 8 $1,250,000 $156,250 $4,043 3.58%
TOPEKA, KS 7 $1,235,000 $176,429 $3,846 2.93%
LAREDO, TX 6 $1,230,000 $205,000 $5,070 3.46%
BRUNSWICK, GA 3 $1,205,000 $401,667 $4,723 2.91%
BLOOMINGTON, IN 7 $1,205,000 $172,143 $3,507 3.27%
KOKOMO, IN 6 $1,200,000 $200,000 $4,537 3.29%
OCALA, FL 8 $1,190,000 $148,750 $6,598 3.27%
NEW BERN, NC 4 $1,180,000 $295,000 $3,690 3.40%
TUSCALOOSA, AL 6 $1,160,000 $193,333 $4,928 3.38%
LAFAYETTE, LA 4 $1,150,000 $287,500 $2,057 2.87%
KINGSTON, NY 3 $1,105,000 $368,333 $13,068 3.04%
MIDLAND, MI 9 $1,085,000 $120,556 $4,167 3.10%
GRAND JUNCTION, CO 4 $1,010,000 $252,500 $3,355 3.00%
SEBASTIAN-VERO BEACH, FL 4 $1,000,000 $250,000 $5,078 2.93%
MCALLEN-EDINBURG-MISSION, TX 6 $980,000 $163,333 $4,555 2.71%
DECATUR, AL 4 $980,000 $245,000 $3,511 3.03%
BLACKSBURG-CHRISTIANSBURG, VA 4 $970,000 $242,500 $4,246 2.84%
JACKSON, MI 5 $945,000 $189,000 $2,814 3.03%
SIERRA VISTA-DOUGLAS, AZ 6 $940,000 $156,667 $4,757 3.50%
AKRON, OH 3 $925,000 $308,333 $2,732 2.87%
LEBANON, PA 5 $915,000 $183,000 $4,956 3.00%
BEAUMONT-PORT ARTHUR, TX 5 $895,000 $179,000 $5,758 3.55%
FAIRBANKS, AK 3 $835,000 $278,333 $5,517 3.04%
THE VILLAGES, FL 5 $825,000 $165,000 $3,497 3.12%
PANAMA CITY, FL 3 $815,000 $271,667 $2,254 3.13%
SAGINAW, MI 7 $815,000 $116,429 $4,056 2.50%
DAPHNE-FAIRHOPE-FOLEY, AL 3 $795,000 $265,000 $3,548 3.71%
MONROE, MI 3 $735,000 $245,000 $1,653 3.63%
FAYETTEVILLE, NC 4 $730,000 $182,500 $3,565 2.63%
CHAMBERSBURG-WAYNESBORO, PA 3 $715,000 $238,333 $10,373 3.04%
CUMBERLAND, MD-WV 7 $715,000 $102,143 $5,199 3.41%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 3 $685,000 $228,333 $5,487 2.50%
MONTGOMERY, AL 3 $675,000 $225,000 $3,449 3.04%
PITTSFIELD, MA 3 $655,000 $218,333 $3,906 3.17%
PEORIA, IL 4 $650,000 $162,500 $1,931 3.06%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 2 $640,000 $320,000 $1,643 3.00%
CEDAR RAPIDS, IA 4 $630,000 $157,500 $3,028 3.25%
ALTOONA, PA 4 $620,000 $155,000 $5,347 3.16%
VICTORIA, TX 3 $605,000 $201,667 $4,230 3.00%
ELKHART-GOSHEN, IN 2 $590,000 $295,000 $5,856 3.31%
MORRISTOWN, TN 3 $585,000 $195,000 $2,379 3.33%
BLOOMSBURG-BERWICK, PA 3 $575,000 $191,667 $5,256 3.08%
SPRINGFIELD, OH 3 $575,000 $191,667 $6,429 3.75%
HATTIESBURG, MS 2 $560,000 $280,000 $4,185 2.81%
HAMMOND, LA 2 $560,000 $280,000 $6,200 2.94%
COLUMBUS, IN 3 $525,000 $175,000 $3,857 3.04%
SIOUX CITY, IA-NE-SD 3 $495,000 $165,000 $4,769 2.71%
BAY CITY, MI 3 $485,000 $161,667 $4,441 2.67%
ODESSA, TX 2 $480,000 $240,000 $8,190 3.19%
HOUMA-THIBODAUX, LA 1 $455,000 $455,000 $2,133 3.38%
COLUMBIA, MO 2 $450,000 $225,000 $2,451 2.44%
KINGSPORT-BRISTOL, TN-VA 1 $445,000 $445,000 $13,451 3.25%
WILLIAMSPORT, PA 2 $440,000 $220,000 $5,712 3.00%
AUBURN-OPELIKA, AL 1 $435,000 $435,000 $1,946 3.00%
ABILENE, TX 2 $410,000 $205,000 $2,254 2.81%
GETTYSBURG, PA 2 $410,000 $205,000 $6,113 2.75%
HICKORY-LENOIR-MORGANTON, NC 2 $400,000 $200,000 $2,332 4.06%
SPRINGFIELD, MO 2 $400,000 $200,000 $2,787 3.75%
LINCOLN, NE 2 $400,000 $200,000 $5,886 3.31%
CANTON-MASSILLON, OH 2 $380,000 $190,000 $6,129 3.12%
LEWISTON, ID-WA 1 $375,000 $375,000 $20,243 2.88%
MANHATTAN, KS 3 $345,000 $115,000 $2,509 3.42%
JOPLIN, MO 2 $340,000 $170,000 $4,361 3.56%
GLENS FALLS, NY 1 $335,000 $335,000 $4,501 2.99%
IOWA CITY, IA 1 $335,000 $335,000 $832 3.00%
BINGHAMTON, NY 2 $330,000 $165,000 $4,353 2.88%
VALDOSTA, GA 3 $315,000 $105,000 $3,963 3.67%
GREAT FALLS, MT 1 $305,000 $305,000 $4,961 2.88%
DALTON, GA 1 $295,000 $295,000 $2,286 4.00%
CLARKSVILLE, TN-KY 2 $290,000 $145,000 $4,755 3.44%
JACKSON, MS 1 $275,000 $275,000 $3,368 2.88%
GOLDSBORO, NC 2 $270,000 $135,000 $2,747 2.63%
TEXARKANA, TX-AR 1 $265,000 $265,000 $1,982 3.38%
SEBRING-AVON PARK, FL 2 $260,000 $130,000 $9,727 3.13%
MANKATO, MN 3 $255,000 $85,000 $3,005 2.91%
PORTLAND-SOUTH PORTLAND, ME 1 $255,000 $255,000 $2,133 3.25%
BANGOR, ME 1 $245,000 $245,000 $3,855 3.25%
MACON-BIBB COUNTY, GA 1 $235,000 $235,000 $10,589 4.25%
AMARILLO, TX 1 $225,000 $225,000 $1,940 2.75%
MANSFIELD, OH 1 $215,000 $215,000 $11,955 3.25%
JACKSONVILLE, NC 1 $215,000 $215,000 $2,594 3.63%
JOHNSON CITY, TN 1 $215,000 $215,000 $4,296 2.88%
KANKAKEE, IL 1 $205,000 $205,000 $1,570 3.38%
GRAND FORKS, ND-MN 1 $205,000 $205,000 $2,353 2.99%
CARBONDALE-MARION, IL 1 $195,000 $195,000 $2,259 3.13%
JACKSON, TN 1 $195,000 $195,000 $2,709 3.25%
ERIE, PA 1 $195,000 $195,000 $3,484 3.50%
ST. JOSEPH, MO-KS 1 $185,000 $185,000 $5,814 3.75%
BURLINGTON, NC 1 $185,000 $185,000 $6,675 4.75%
CLEVELAND, TN 1 $185,000 $185,000 $3,753 2.88%
WARNER ROBINS, GA 1 $185,000 $185,000 $3,130 3.50%
COLUMBUS, GA-AL 1 $185,000 $185,000 $5,786 3.50%
BLOOMINGTON, IL 1 $175,000 $175,000 $1,119 3.13%
ST. CLOUD, MN 2 $170,000 $85,000 $1,946 5.13%
FORT SMITH, AR-OK 1 $165,000 $165,000 $3,338 3.13%
FLORENCE-MUSCLE SHOALS, AL 1 $165,000 $165,000 $3,527 3.25%
PARKERSBURG-VIENNA, WV 1 $155,000 $155,000 $2,664 3.88%
WATERTOWN-FORT DRUM, NY 1 $145,000 $145,000 $6,225 1.88%
MOBILE, AL 1 $135,000 $135,000 $3,078 3.38%

Finance Of America Mortgage 's top markets include Los Angeles, Sacramento, San Diego, Portland, and Phoenix among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 43,051 $14,547,335,000 $337,909
2.5-3% 32,353 $11,398,345,000 $352,312
<2.5% 6,601 $1,760,535,000 $266,707
4-5% 4,363 $1,159,355,000 $265,724
5-6% 549 $99,205,000 $180,701
6-7% 80 $15,350,000 $191,875
7-8% 73 $2,725,000 $37,329

During 2020, Finance Of America Mortgage 's average interest rate was 3.26%, while their most frequently originated rate bucket was 3-4%, with 43,051 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 43,395 $12,793,865,000 $294,823 $5,148 3.20%
$400k-600k 19,255 $9,185,475,000 $477,044 $5,877 3.15%
$100k-200k 15,367 $2,427,075,000 $157,941 $4,329 3.29%
$600k-1MM 5,019 $3,579,185,000 $713,127 $8,071 3.21%
$100,000 or less 3,387 $157,945,000 $46,633 $2,014 2.62%
$1MM+ 647 $839,305,000 $1,297,226 $10,153 3.21%

2020 saw Finance Of America Mortgage place emphasis on $200k-400k loans with 43,395 originations, totaling $12,793,865,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 22,227 $7,885,255,000 $354,760 $5,334 3.18%
$150k-250k 16,725 $7,129,055,000 $426,251 $5,202 3.17%
$50k-75k 16,073 $3,759,555,000 $233,905 $5,159 3.21%
$75k-100k 15,765 $4,626,575,000 $293,471 $5,427 3.19%
$50k or less 7,381 $1,195,995,000 $162,037 $4,622 3.25%
$250k+ 6,540 $3,572,820,000 $546,303 $5,744 3.18%

Finance Of America Mortgage lent most frequently to those with incomes in the $100k-150k range, with 22,227 originations. The second most popular income band? $150k-250k, with 16,725 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 18,839 $6,319,575,000 $335,452 $4,505 3.14%
30-36% 15,842 $5,356,280,000 $338,106 $4,999 3.20%
<20% 6,765 $2,181,315,000 $322,441 $4,107 3.06%
44% 3,967 $1,252,925,000 $315,837 $5,752 3.27%
42% 3,524 $1,206,270,000 $342,301 $5,659 3.21%
43% 3,390 $1,088,660,000 $321,139 $5,666 3.26%
41% 3,311 $1,113,645,000 $336,347 $5,405 3.22%
39% 3,197 $1,069,625,000 $334,571 $5,473 3.24%
40% 3,173 $1,050,465,000 $331,064 $5,437 3.24%
38% 3,095 $1,024,065,000 $330,877 $5,292 3.22%
37% 2,942 $990,220,000 $336,581 $5,310 3.21%
49% 2,825 $941,635,000 $333,322 $6,266 3.23%
36% 2,815 $973,685,000 $345,892 $5,218 3.22%
45% 2,334 $776,330,000 $332,618 $5,958 3.23%
48% 2,184 $721,960,000 $330,568 $6,029 3.22%
46% 2,181 $711,875,000 $326,398 $5,848 3.23%
50-60% 2,160 $678,860,000 $314,287 $9,894 3.17%
47% 2,120 $692,920,000 $326,849 $6,255 3.23%
>60% 39 $16,635,000 $426,538 $10,103 3.10%

Finance Of America Mortgage lent most frequently to those with DTI ratios of 20-30%, with 18,839 originations. The next most common DTI ratio? 30-36%, with 15,842 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 60,351 $19,414,695,000 $321,696 $5,201 3.20%
Not provided 16,203 $5,762,465,000 $355,642 $5,316 3.16%
Asian 6,257 $2,396,165,000 $382,957 $4,906 3.11%
Black 2,534 $777,600,000 $306,867 $6,919 3.20%
American Indian 542 $166,270,000 $306,771 $5,976 3.15%
Asian Indian 397 $163,485,000 $411,801 $4,058 3.04%
Filipino 188 $76,460,000 $406,702 $5,782 3.05%
Native Hawaiian 207 $74,565,000 $360,217 $6,589 3.24%
Other Asian 116 $45,020,000 $388,103 $4,620 3.08%
Chinese 85 $36,145,000 $425,235 $3,853 3.02%
Korean 50 $21,660,000 $433,200 $4,429 3.12%
Vietnamese 50 $17,970,000 $359,400 $4,039 3.31%
Japanese 29 $10,475,000 $361,207 $4,437 3.09%
Other Pacific Islander 32 $9,530,000 $297,813 $5,055 3.13%
Guamanian 13 $4,295,000 $330,385 $4,585 2.98%
Samoan 12 $4,210,000 $350,833 $8,809 3.02%
Native Hawiian 4 $1,840,000 $460,000 $4,091 3.53%

Approval Rates

Total approvals of all applications
93.69%

Finance Of America Mortgage has an average approval rate.

Pick Rate

Approvals leading to origination
78.34%

Finance Of America Mortgage has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 87,070 $28,982,850,000 $332,868

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 917 $183,585,000 $200,202
Single Family (1-4 Units):Site-Built 86,153 $28,799,265,000 $334,280

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 4,641 $1,273,345,000 $274,369 $3,995 3.03%
40-60% 16,093 $5,465,205,000 $339,601 $4,038 3.05%
60-80% 32,928 $11,912,930,000 $361,787 $4,763 3.25%
80-100% 30,603 $9,936,935,000 $324,705 $6,663 3.29%
Over 100% 774 $287,820,000 $371,860 $13,910 3.13%
Under 20% 2,031 $106,615,000 $52,494 $858 1.99%