Finance Of America Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300MXJA09WZJ0DV55
Tax ID: 23-2769131
2020 Data | 2019 Data | 2018 Data
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Mortgage 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
87,070Origination Dollar Volume (All Markets)
$28,982,850,000Relative 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 applications93.69%
Finance Of America Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination78.34%
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% |