Synergy One Lending

SAN DIEGO, CA 92108

LEI: 549300OPCWU6E72WUT29

Tax ID: 46-1728831

2019 Data | 2018 Data


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