Synergy One Lending

SAN DIEGO, CA 92108

LEI: 549300OPCWU6E72WUT29

Tax ID: 46-1728831

2019 Data | 2018 Data


Jump to:

  • Originations
  • Product Mix
  • Loan Reason
  • Top Markets
  • Typical Rates
  • Loan Sizes
  • Loan to Value Info
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees
  • Dwelling Types

    • Overview

    Synergy One Lending is a mid-sized mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Synergy One Lending 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 San Diego, Denver, Boise City, Chicago, and Sacramento among others. They have an 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. Synergy One Lending is typically a medium-low fee lendor.


    Originations

    20,413

    Origination Dollar Volume (All Markets)

    $5,451,875,000

    Product Mix

    Loan Type Originations Total Value Average Loan
    Conventional 11,029 $3,133,345,000 $284,101
    FHA 5,338 $1,187,880,000 $222,533
    VA 3,918 $1,109,040,000 $283,063
    USDA 128 $21,610,000 $168,828

    Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

    Loan Reason

    Loan Reason Originations Total Value Average Loan
    Home Purchase 7,982 $2,099,980,000 $263,089
    Home Improvement 222 $34,080,000 $153,514
    Other 1,052 $173,480,000 $164,905
    Refi 5,179 $1,629,805,000 $314,695
    Cash Out Refi 5,978 $1,514,530,000 $253,351

    Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

    Top Markets

    Market Originations Total Value Average Loan
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA 811 $360,245,000 $444,199
    Outside of Metro Areas 1,629 $333,835,000 $204,932
    DENVER-AURORA-LAKEWOOD, CO 751 $224,905,000 $299,474
    BOISE CITY, ID 890 $213,900,000 $240,337
    CHICAGO-NAPERVILLE-EVANSTON, IL 843 $208,095,000 $246,851
    SACRAMENTO-ROSEVILLE-FOLSOM, CA 591 $194,125,000 $328,469
    LOS ANGELES-LONG BEACH-GLENDALE, CA 323 $151,615,000 $469,396
    OAKLAND-BERKELEY-LIVERMORE, CA 324 $149,240,000 $460,617
    PHOENIX-MESA-CHANDLER, AZ 498 $135,500,000 $272,088
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 463 $131,285,000 $283,553
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA 354 $114,830,000 $324,379
    DALLAS-PLANO-IRVING, TX 443 $97,015,000 $218,995
    LAS VEGAS-HENDERSON-PARADISE, NV 357 $93,985,000 $263,263
    SEATTLE-BELLEVUE-KENT, WA 234 $92,130,000 $393,718
    TAMPA-ST. PETERSBURG-CLEARWATER, FL 448 $91,730,000 $204,754
    SALINAS, CA 148 $82,750,000 $559,122
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA 104 $78,890,000 $758,558
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 362 $75,480,000 $208,508
    SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 89 $65,695,000 $738,146
    SALT LAKE CITY, UT 239 $64,015,000 $267,845
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 320 $57,390,000 $179,344
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 146 $56,630,000 $387,877
    FORT WORTH-ARLINGTON-GRAPEVINE, TX 303 $56,315,000 $185,858
    MODESTO, CA 240 $51,470,000 $214,458
    ANAHEIM-SANTA ANA-IRVINE, CA 101 $50,435,000 $499,356
    OGDEN-CLEARFIELD, UT 198 $48,470,000 $244,798
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX 196 $48,150,000 $245,663
    OMAHA-COUNCIL BLUFFS, NE-IA 222 $47,420,000 $213,604
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 180 $46,090,000 $256,056
    OXNARD-THOUSAND OAKS-VENTURA, CA 113 $44,885,000 $397,212
    SANTA MARIA-SANTA BARBARA, CA 67 $43,385,000 $647,537
    RENO, NV 126 $40,890,000 $324,524
    COLUMBUS, OH 193 $39,825,000 $206,347
    CHARLOTTE-CONCORD-GASTONIA, NC-SC 184 $39,540,000 $214,891
    SAN RAFAEL, CA 58 $39,280,000 $677,241
    ST. LOUIS, MO-IL 177 $37,605,000 $212,458
    LAKE COUNTY-KENOSHA COUNTY, IL-WI 153 $37,525,000 $245,261
    KANSAS CITY, MO-KS 188 $36,530,000 $194,309
    AUSTIN-ROUND ROCK-GEORGETOWN, TX 115 $32,915,000 $286,217
    TACOMA-LAKEWOOD, WA 104 $32,500,000 $312,500
    LOUISVILLE/JEFFERSON COUNTY, KY-IN 151 $31,655,000 $209,636
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 126 $29,960,000 $237,778
    BALTIMORE-COLUMBIA-TOWSON, MD 107 $29,195,000 $272,850
    ORLANDO-KISSIMMEE-SANFORD, FL 138 $28,160,000 $204,058
    PROVO-OREM, UT 99 $26,335,000 $266,010
    STOCKTON, CA 88 $26,230,000 $298,068
    COLORADO SPRINGS, CO 103 $26,125,000 $253,641
    SAN ANTONIO-NEW BRAUNFELS, TX 126 $25,890,000 $205,476
    CLEVELAND-ELYRIA, OH 135 $22,725,000 $168,333
    IDAHO FALLS, ID 112 $22,210,000 $198,304
    FORT COLLINS, CO 79 $22,135,000 $280,190
    LAKELAND-WINTER HAVEN, FL 118 $21,230,000 $179,915
    ELGIN, IL 94 $20,380,000 $216,809
    PROVIDENCE-WARWICK, RI-MA 79 $20,255,000 $256,392
    FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 83 $19,445,000 $234,277
    CAPE CORAL-FORT MYERS, FL 95 $19,445,000 $204,684
    GREELEY, CO 70 $19,210,000 $274,429
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 76 $18,780,000 $247,105
    SANTA CRUZ-WATSONVILLE, CA 40 $18,300,000 $457,500
    CHARLESTON-NORTH CHARLESTON, SC 72 $18,200,000 $252,778
    MCALLEN-EDINBURG-MISSION, TX 103 $17,835,000 $173,155
    RALEIGH-CARY, NC 70 $17,760,000 $253,714
    JACKSONVILLE, FL 84 $17,560,000 $209,048
    VALLEJO, CA 53 $17,425,000 $328,774
    MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 66 $16,580,000 $251,212
    MEDFORD, OR 60 $16,420,000 $273,667
    CAMBRIDGE-NEWTON-FRAMINGHAM, MA 51 $16,355,000 $320,686
    MILWAUKEE-WAUKESHA, WI 73 $16,095,000 $220,479
    NEW BRUNSWICK-LAKEWOOD, NJ 62 $15,900,000 $256,452
    RICHMOND, VA 77 $15,795,000 $205,130
    WARREN-TROY-FARMINGTON HILLS, MI 71 $15,605,000 $219,789
    BOSTON, MA 44 $14,940,000 $339,545
    SANTA ROSA-PETALUMA, CA 35 $14,705,000 $420,143
    BRIDGEPORT-STAMFORD-NORWALK, CT 45 $14,285,000 $317,444
    PRESCOTT VALLEY-PRESCOTT, AZ 57 $14,285,000 $250,614
    ST. GEORGE, UT 58 $14,270,000 $246,034
    CINCINNATI, OH-KY-IN 77 $14,195,000 $184,351
    NEWARK, NJ-PA 49 $13,665,000 $278,878
    NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 39 $12,815,000 $328,590
    SANTA FE, NM 36 $12,470,000 $346,389
    INDIANAPOLIS-CARMEL-ANDERSON, IN 63 $12,135,000 $192,619
    SALEM, OR 44 $11,050,000 $251,136
    PITTSBURGH, PA 63 $10,705,000 $169,921
    TUCSON, AZ 47 $10,515,000 $223,723
    NAPLES-MARCO ISLAND, FL 29 $10,435,000 $359,828
    WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 52 $10,320,000 $198,462
    URBAN HONOLULU, HI 20 $10,250,000 $512,500
    PALM BAY-MELBOURNE-TITUSVILLE, FL 47 $10,225,000 $217,553
    NORTH PORT-SARASOTA-BRADENTON, FL 51 $9,865,000 $193,431
    MIAMI-MIAMI BEACH-KENDALL, FL 39 $9,815,000 $251,667
    BOULDER, CO 28 $9,740,000 $347,857
    MEMPHIS, TN-MS-AR 51 $9,725,000 $190,686
    FREDERICK-GAITHERSBURG-ROCKVILLE, MD 33 $9,655,000 $292,576
    OKLAHOMA CITY, OK 48 $9,570,000 $199,375
    BEND, OR 31 $9,565,000 $308,548
    KILLEEN-TEMPLE, TX 46 $9,260,000 $201,304
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 51 $9,095,000 $178,333
    AKRON, OH 44 $9,070,000 $206,136
    GREENVILLE-ANDERSON, SC 47 $8,975,000 $190,957
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 43 $8,755,000 $203,605
    BREMERTON-SILVERDALE-PORT ORCHARD, WA 29 $8,715,000 $300,517
    GARY, IN 47 $8,385,000 $178,404
    SAN LUIS OBISPO-PASO ROBLES, CA 22 $8,330,000 $378,636
    PORT ST. LUCIE, FL 47 $8,125,000 $172,872
    NEW ORLEANS-METAIRIE, LA 44 $8,120,000 $184,545
    SPOKANE-SPOKANE VALLEY, WA 34 $7,970,000 $234,412
    LAKE HAVASU CITY-KINGMAN, AZ 40 $7,910,000 $197,750
    EUGENE-SPRINGFIELD, OR 30 $7,910,000 $263,667
    YUBA CITY, CA 29 $7,865,000 $271,207
    PORTLAND-SOUTH PORTLAND, ME 34 $7,650,000 $225,000
    COLUMBIA, SC 40 $7,620,000 $190,500
    DURHAM-CHAPEL HILL, NC 31 $7,495,000 $241,774
    OLYMPIA-LACEY-TUMWATER, WA 26 $7,480,000 $287,692
    ALBUQUERQUE, NM 36 $7,380,000 $205,000
    WORCESTER, MA-CT 34 $7,330,000 $215,588
    KNOXVILLE, TN 36 $7,090,000 $196,944
    FRESNO, CA 27 $7,085,000 $262,407
    DETROIT-DEARBORN-LIVONIA, MI 35 $7,035,000 $201,000
    CLARKSVILLE, TN-KY 34 $6,980,000 $205,294
    ANCHORAGE, AK 25 $6,855,000 $274,200
    MERCED, CA 32 $6,740,000 $210,625
    PHILADELPHIA, PA 30 $6,570,000 $219,000
    ASHEVILLE, NC 30 $6,500,000 $216,667
    MADISON, WI 28 $6,490,000 $231,786
    DES MOINES-WEST DES MOINES, IA 40 $6,390,000 $159,750
    TULSA, OK 32 $6,320,000 $197,500
    HILTON HEAD ISLAND-BLUFFTON, SC 19 $6,305,000 $331,842
    CHATTANOOGA, TN-GA 34 $6,190,000 $182,059
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 24 $5,890,000 $245,417
    BIRMINGHAM-HOOVER, AL 30 $5,880,000 $196,000
    LINCOLN, NE 37 $5,715,000 $154,459
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 26 $5,640,000 $216,923
    WILMINGTON, DE-MD-NJ 27 $5,635,000 $208,704
    BAKERSFIELD, CA 25 $5,575,000 $223,000
    FAYETTEVILLE, NC 29 $5,545,000 $191,207
    PUNTA GORDA, FL 26 $5,530,000 $212,692
    ELIZABETHTOWN-FORT KNOX, KY 31 $5,495,000 $177,258
    BARNSTABLE TOWN, MA 18 $5,380,000 $298,889
    BELLINGHAM, WA 17 $5,255,000 $309,118
    PENSACOLA-FERRY PASS-BRENT, FL 25 $5,165,000 $206,600
    AUGUSTA-RICHMOND COUNTY, GA-SC 28 $5,140,000 $183,571
    MANCHESTER-NASHUA, NH 20 $5,090,000 $254,500
    NEW HAVEN-MILFORD, CT 30 $4,890,000 $163,000
    NAPA, CA 12 $4,800,000 $400,000
    LEXINGTON-FAYETTE, KY 27 $4,735,000 $175,370
    KENNEWICK-RICHLAND, WA 17 $4,645,000 $273,235
    VISALIA, CA 23 $4,635,000 $201,522
    BROWNSVILLE-HARLINGEN, TX 24 $4,470,000 $186,250
    CAMDEN, NJ 29 $4,465,000 $153,966
    OCALA, FL 22 $4,330,000 $196,818
    SALISBURY, MD-DE 18 $4,150,000 $230,556
    ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 14 $4,100,000 $292,857
    GREENSBORO-HIGH POINT, NC 18 $4,070,000 $226,111
    BURLINGTON-SOUTH BURLINGTON, VT 13 $4,065,000 $312,692
    LOGAN, UT-ID 16 $4,020,000 $251,250
    JACKSON, MS 24 $3,940,000 $164,167
    NORWICH-NEW LONDON, CT 19 $3,825,000 $201,316
    EL CENTRO, CA 17 $3,785,000 $222,647
    MISSOULA, MT 12 $3,690,000 $307,500
    LAS CRUCES, NM 18 $3,670,000 $203,889
    ALBANY-LEBANON, OR 15 $3,595,000 $239,667
    CARSON CITY, NV 11 $3,535,000 $321,364
    GRANTS PASS, OR 12 $3,480,000 $290,000
    BATON ROUGE, LA 19 $3,445,000 $181,316
    KAHULUI-WAILUKU-LAHAINA, HI 7 $3,405,000 $486,429
    WARNER ROBINS, GA 17 $3,375,000 $198,529
    CHICO, CA 14 $3,370,000 $240,714
    PEORIA, IL 24 $3,360,000 $140,000
    ROANOKE, VA 16 $3,350,000 $209,375
    DAYTON-KETTERING, OH 20 $3,300,000 $165,000
    MONTGOMERY, AL 15 $3,165,000 $211,000
    GRAND RAPIDS-KENTWOOD, MI 15 $3,105,000 $207,000
    CORVALLIS, OR 9 $3,095,000 $343,889
    WENATCHEE, WA 14 $3,060,000 $218,571
    LANCASTER, PA 19 $3,035,000 $159,737
    YUMA, AZ 13 $3,025,000 $232,692
    TWIN FALLS, ID 13 $2,975,000 $228,846
    MOUNT VERNON-ANACORTES, WA 10 $2,970,000 $297,000
    MADERA, CA 12 $2,970,000 $247,500
    HUNTSVILLE, AL 13 $2,965,000 $228,077
    DAPHNE-FAIRHOPE-FOLEY, AL 14 $2,890,000 $206,429
    SPRINGFIELD, MO 17 $2,865,000 $168,529
    CORPUS CHRISTI, TX 13 $2,835,000 $218,077
    WICHITA, KS 14 $2,810,000 $200,714
    SEBASTIAN-VERO BEACH, FL 14 $2,780,000 $198,571
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 16 $2,770,000 $173,125
    MOBILE, AL 15 $2,735,000 $182,333
    SAVANNAH, GA 13 $2,695,000 $207,308
    NILES, MI 9 $2,685,000 $298,333
    REDDING, CA 14 $2,680,000 $191,429
    READING, PA 15 $2,655,000 $177,000
    COEUR D'ALENE, ID 11 $2,575,000 $234,091
    WILMINGTON, NC 11 $2,545,000 $231,364
    ROCKFORD, IL 16 $2,520,000 $157,500
    SPARTANBURG, SC 15 $2,495,000 $166,333
    COLUMBUS, GA-AL 13 $2,415,000 $185,769
    YAKIMA, WA 11 $2,385,000 $216,818
    GRAND JUNCTION, CO 9 $2,355,000 $261,667
    SPRINGFIELD, MA 14 $2,310,000 $165,000
    TOLEDO, OH 16 $2,310,000 $144,375
    LYNCHBURG, VA 7 $2,265,000 $323,571
    HOMOSASSA SPRINGS, FL 11 $2,215,000 $201,364
    ELKHART-GOSHEN, IN 11 $2,165,000 $196,818
    SIOUX FALLS, SD 10 $2,160,000 $216,000
    ANN ARBOR, MI 9 $2,135,000 $237,222
    GULFPORT-BILOXI, MS 10 $2,130,000 $213,000
    RACINE, WI 10 $2,130,000 $213,000
    GAINESVILLE, FL 11 $2,125,000 $193,182
    HARRISBURG-CARLISLE, PA 12 $2,110,000 $175,833
    BILLINGS, MT 9 $2,075,000 $230,556
    DOVER, DE 11 $1,995,000 $181,364
    POCATELLO, ID 9 $1,995,000 $221,667
    TRENTON-PRINCETON, NJ 8 $1,980,000 $247,500
    GAINESVILLE, GA 10 $1,960,000 $196,000
    YORK-HANOVER, PA 14 $1,910,000 $136,429
    GREEN BAY, WI 9 $1,885,000 $209,444
    SCRANTON--WILKES-BARRE, PA 12 $1,830,000 $152,500
    JACKSONVILLE, NC 10 $1,820,000 $182,000
    HAMMOND, LA 8 $1,800,000 $225,000
    HICKORY-LENOIR-MORGANTON, NC 10 $1,770,000 $177,000
    SHREVEPORT-BOSSIER CITY, LA 10 $1,720,000 $172,000
    CANTON-MASSILLON, OH 8 $1,720,000 $215,000
    FLINT, MI 10 $1,710,000 $171,000
    AUBURN-OPELIKA, AL 8 $1,710,000 $213,750
    WINSTON-SALEM, NC 10 $1,670,000 $167,000
    BOWLING GREEN, KY 7 $1,625,000 $232,143
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 11 $1,575,000 $143,182
    FORT WAYNE, IN 9 $1,575,000 $175,000
    CHARLOTTESVILLE, VA 6 $1,560,000 $260,000
    THE VILLAGES, FL 7 $1,555,000 $222,143
    PUEBLO, CO 8 $1,540,000 $192,500
    SHERMAN-DENISON, TX 11 $1,535,000 $139,545
    DECATUR, AL 14 $1,520,000 $108,571
    DULUTH, MN-WI 6 $1,440,000 $240,000
    FLAGSTAFF, AZ 6 $1,440,000 $240,000
    KINGSPORT-BRISTOL, TN-VA 10 $1,390,000 $139,000
    SUMTER, SC 6 $1,390,000 $231,667
    WACO, TX 7 $1,385,000 $197,857
    LONGVIEW, WA 5 $1,385,000 $277,000
    FLORENCE, SC 6 $1,330,000 $221,667
    CHEYENNE, WY 8 $1,330,000 $166,250
    BLOOMINGTON, IL 7 $1,325,000 $189,286
    BLOOMINGTON, IN 7 $1,325,000 $189,286
    NASSAU COUNTY-SUFFOLK COUNTY, NY 1 $1,305,000 $1,305,000
    LAFAYETTE, LA 10 $1,290,000 $129,000
    LANSING-EAST LANSING, MI 9 $1,285,000 $142,778
    LAWRENCE, KS 3 $1,285,000 $428,333
    MANHATTAN, KS 8 $1,280,000 $160,000
    JANESVILLE-BELOIT, WI 9 $1,265,000 $140,556
    CHAMPAIGN-URBANA, IL 8 $1,240,000 $155,000
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR 5 $1,235,000 $247,000
    WALLA WALLA, WA 3 $1,235,000 $411,667
    DALTON, GA 7 $1,215,000 $173,571
    ATHENS-CLARKE COUNTY, GA 5 $1,215,000 $243,000
    SIOUX CITY, IA-NE-SD 8 $1,210,000 $151,250
    EL PASO, TX 8 $1,180,000 $147,500
    CALIFORNIA-LEXINGTON PARK, MD 4 $1,160,000 $290,000
    ATLANTIC CITY-HAMMONTON, NJ 6 $1,150,000 $191,667
    MIDLAND, TX 4 $1,140,000 $285,000
    TYLER, TX 5 $1,105,000 $221,000
    CEDAR RAPIDS, IA 5 $1,095,000 $219,000
    LEWISTON, ID-WA 7 $1,075,000 $153,571
    NEW BERN, NC 6 $1,070,000 $178,333
    DOTHAN, AL 6 $1,050,000 $175,000
    CLEVELAND, TN 6 $1,050,000 $175,000
    LEBANON, PA 5 $1,015,000 $203,000
    MONROE, MI 7 $1,015,000 $145,000
    SPRINGFIELD, IL 6 $990,000 $165,000
    BURLINGTON, NC 3 $965,000 $321,667
    TALLAHASSEE, FL 6 $960,000 $160,000
    EAST STROUDSBURG, PA 7 $885,000 $126,429
    MORRISTOWN, TN 6 $880,000 $146,667
    COLUMBIA, MO 4 $870,000 $217,500
    SOUTH BEND-MISHAWAKA, IN-MI 7 $865,000 $123,571
    ALBANY, GA 5 $855,000 $171,000
    LUBBOCK, TX 4 $850,000 $212,500
    WAUSAU-WESTON, WI 4 $850,000 $212,500
    OSHKOSH-NEENAH, WI 4 $840,000 $210,000
    HANFORD-CORCORAN, CA 3 $835,000 $278,333
    RAPID CITY, SD 3 $825,000 $275,000
    EVANSVILLE, IN-KY 9 $825,000 $91,667
    GOLDSBORO, NC 5 $805,000 $161,000
    LA CROSSE-ONALASKA, WI-MN 3 $795,000 $265,000
    GREAT FALLS, MT 3 $785,000 $261,667
    LAFAYETTE-WEST LAFAYETTE, IN 3 $785,000 $261,667
    MICHIGAN CITY-LA PORTE, IN 4 $780,000 $195,000
    BANGOR, ME 5 $775,000 $155,000
    TOPEKA, KS 4 $770,000 $192,500
    OCEAN CITY, NJ 3 $765,000 $255,000
    EAU CLAIRE, WI 5 $755,000 $151,000
    LONGVIEW, TX 6 $750,000 $125,000
    BRUNSWICK, GA 4 $750,000 $187,500
    ROCKY MOUNT, NC 6 $750,000 $125,000
    FLORENCE-MUSCLE SHOALS, AL 4 $740,000 $185,000
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 5 $725,000 $145,000
    HAGERSTOWN-MARTINSBURG, MD-WV 4 $720,000 $180,000
    BLACKSBURG-CHRISTIANSBURG, VA 4 $690,000 $172,500
    ST. JOSEPH, MO-KS 5 $675,000 $135,000
    WATERLOO-CEDAR FALLS, IA 6 $670,000 $111,667
    ROME, GA 2 $660,000 $330,000
    HUNTINGTON-ASHLAND, WV-KY-OH 4 $650,000 $162,500
    GRAND ISLAND, NE 4 $650,000 $162,500
    APPLETON, WI 3 $645,000 $215,000
    MONROE, LA 3 $645,000 $215,000
    STATE COLLEGE, PA 4 $630,000 $157,500
    JACKSON, TN 4 $630,000 $157,500
    PANAMA CITY, FL 3 $625,000 $208,333
    AMARILLO, TX 2 $620,000 $310,000
    LEWISTON-AUBURN, ME 4 $610,000 $152,500
    LAKE CHARLES, LA 4 $590,000 $147,500
    LAWTON, OK 3 $585,000 $195,000
    STAUNTON, VA 3 $575,000 $191,667
    JEFFERSON CITY, MO 4 $570,000 $142,500
    BLOOMSBURG-BERWICK, PA 3 $565,000 $188,333
    MUSKEGON, MI 4 $560,000 $140,000
    SEBRING-AVON PARK, FL 4 $560,000 $140,000
    ROCHESTER, MN 2 $560,000 $280,000
    SPRINGFIELD, OH 3 $555,000 $185,000
    TEXARKANA, TX-AR 5 $545,000 $109,000
    CASPER, WY 3 $535,000 $178,333
    HOUMA-THIBODAUX, LA 3 $525,000 $175,000
    BEAUMONT-PORT ARTHUR, TX 2 $520,000 $260,000
    LAREDO, TX 3 $485,000 $161,667
    DUBUQUE, IA 2 $480,000 $240,000
    JOHNSON CITY, TN 4 $480,000 $120,000
    SIERRA VISTA-DOUGLAS, AZ 2 $470,000 $235,000
    ANNISTON-OXFORD, AL 2 $470,000 $235,000
    MANSFIELD, OH 2 $470,000 $235,000
    HATTIESBURG, MS 3 $465,000 $155,000
    GREENVILLE, NC 3 $455,000 $151,667
    SHEBOYGAN, WI 2 $450,000 $225,000
    MANKATO, MN 2 $430,000 $215,000
    GETTYSBURG, PA 3 $415,000 $138,333
    IOWA CITY, IA 3 $405,000 $135,000
    JOHNSTOWN, PA 1 $395,000 $395,000
    ENID, OK 2 $380,000 $190,000
    FARMINGTON, NM 2 $380,000 $190,000
    KANKAKEE, IL 2 $380,000 $190,000
    ERIE, PA 3 $375,000 $125,000
    VALDOSTA, GA 3 $375,000 $125,000
    VINELAND-BRIDGETON, NJ 3 $345,000 $115,000
    FARGO, ND-MN 1 $325,000 $325,000
    SAN ANGELO, TX 2 $320,000 $160,000
    ST. CLOUD, MN 2 $310,000 $155,000
    TUSCALOOSA, AL 1 $305,000 $305,000
    HINESVILLE, GA 1 $275,000 $275,000
    TERRE HAUTE, IN 2 $270,000 $135,000
    CAPE GIRARDEAU, MO-IL 2 $270,000 $135,000
    CARBONDALE-MARION, IL 2 $250,000 $125,000
    PITTSFIELD, MA 1 $245,000 $245,000
    ODESSA, TX 1 $245,000 $245,000
    FAIRBANKS, AK 1 $225,000 $225,000
    FORT SMITH, AR-OK 2 $220,000 $110,000
    LIMA, OH 2 $210,000 $105,000
    WHEELING, WV-OH 2 $210,000 $105,000
    CHAMBERSBURG-WAYNESBORO, PA 1 $205,000 $205,000
    FOND DU LAC, WI 2 $190,000 $95,000
    AMES, IA 2 $180,000 $90,000
    WEIRTON-STEUBENVILLE, WV-OH 2 $180,000 $90,000
    BISMARCK, ND 1 $175,000 $175,000
    BATTLE CREEK, MI 1 $165,000 $165,000
    COLUMBUS, IN 1 $155,000 $155,000
    KALAMAZOO-PORTAGE, MI 1 $155,000 $155,000
    WICHITA FALLS, TX 2 $130,000 $65,000
    JONESBORO, AR 1 $125,000 $125,000
    ALEXANDRIA, LA 1 $105,000 $105,000
    MACON-BIBB COUNTY, GA 1 $85,000 $85,000
    MIDLAND, MI 1 $85,000 $85,000
    PINE BLUFF, AR 1 $75,000 $75,000
    DECATUR, IL 1 $75,000 $75,000
    KOKOMO, IN 1 $65,000 $65,000
    JOPLIN, MO 1 $65,000 $65,000
    ALTOONA, PA 1 $55,000 $55,000
    DANVILLE, IL 1 $45,000 $45,000

    Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

    Interest Rate & Spreads

    Loan Rate Originations Total Value Average Loan
    <2.5% 395 $3,355,000 $8,494
    2.5-3% 189 $48,395,000 $256,058
    3-4% 8,791 $2,525,475,000 $287,280
    4-5% 8,988 $2,298,910,000 $255,775
    5-6% 1,811 $443,845,000 $245,083
    6-7% 209 $120,035,000 $574,330
    7-8% 30 $11,860,000 $395,333

    Loan Sizing

    Loan Size Originations Total Value Average Loan
    $100,000 or less 1,961 $116,265,000 $59,289
    $100k-200k 6,165 $952,545,000 $154,509
    $200k-400k 8,981 $2,542,615,000 $283,110
    $400k-600k 2,513 $1,170,535,000 $465,792
    $600k-1000k 636 $458,240,000 $720,503
    $Over $1MM 157 $211,675,000 $1,348,248

    Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    20-40% 770 $167,170,000 $217,104
    40-60% 3,692 $957,720,000 $259,404
    60-80% 5,584 $1,620,060,000 $290,125
    80-100% 8,361 $2,277,515,000 $272,397
    Over 100% 302 $101,570,000 $336,325
    Under 20% 664 $17,420,000 $26,235

    LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

    Applicant Income

    Applicant Income Originations Total Value Average Loan
    $100k-150k 3,498 $1,100,500,000 $314,608
    $150k-250k 1,977 $795,985,000 $402,623
    $50k-75k 4,824 $998,010,000 $206,884
    $50k-or less 4,738 $898,080,000 $189,548
    $75k-100k 3,394 $874,580,000 $257,684
    $Over $250k 690 $407,190,000 $590,130

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan
    White 15,795 $4,179,085,000 $264,583
    Not provided 2,304 $672,070,000 $291,697
    Black 1,514 $338,490,000 $223,573
    Asian 569 $194,455,000 $341,749
    American Indian 97 $25,495,000 $262,835
    Native Hawaiian 69 $20,135,000 $291,812
    Asian Indian 44 $14,390,000 $327,045
    Filipino 10 $3,690,000 $369,000
    Chinese 3 $1,155,000 $385,000
    Japanese 3 $1,145,000 $381,667
    Korean 3 $1,095,000 $365,000
    Other Asian 1 $485,000 $485,000
    Guamanian 1 $185,000 $185,000

    Approval Rates

    Total approvals of all applications
    79.60%

    A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

    Pick Rate

    Approvals leading to origination
    50.47%

    A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 20,413 $5,451,875,000 $267,079

    Origination Fees

    Origination Fee Originations Total Value Average Loan
    $<1k 3,602 $855,730,000 $237,571
    $1k-2k 6,551 $1,782,825,000 $272,145
    $2k-3k 2,999 $721,835,000 $240,692
    $3k-4k 3,203 $807,915,000 $252,237
    $5k+ 1,753 $666,055,000 $379,952

    Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 332 $57,110,000 $172,018
    Single Family (1-4 Units):Site-Built 20,081 $5,394,765,000 $268,650