Champions Mortgage Rates, Fees & Info

St Petersburg, FL

LEI: 549300R1405JUM8QXD66

Tax ID: 37-1752168

1 stars - out of 5 stars, based on 11 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Champions Mortgage is a smaller mortgage company specializing in loans. Champions Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Tampa, Miami, Dallas, Palm Bay, and Ocala among others. We have data for 30 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Champions Mortgage has an above average approval rate when compared to the average across all lenders. Champions Mortgage is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.22% 3/24/23
    30 Year Conventional Refi 6.97% 3/24/23
    30 Year Cash-out Refi 7.45% 3/24/23
    30 Year FHA Purchase 7.64% 3/24/23
    30 Year VA Purchase 6.23% 3/24/23
    15 Year Conventional Refi 6.01% 3/24/23
    15 Year Cash-out Refi 6.01% 3/24/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    122

    Origination Dollar Volume (All Markets)

    $40,780,000

    Awards

    CHAMPIONS MORTGAGE 30 Year Conventional Loans gold
    Show all (1) awards

    Relative Rate

    Champions Mortgage's average 30 year fixed mortgage rate was 5.21%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.45%.

    Relative Fees (Closing Costs)

    Champions Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $9,282.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 47 $15,045,000 $320,106 $9,989 5.42%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 24 $9,160,000 $381,667 $9,012 5.89%
    Outside of Metro Areas 5 $2,295,000 $459,000 $7,496 4.20%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $1,590,000 $397,500 $7,819 2.97%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $1,545,000 $515,000 $21,376 4.58%
    OCALA, FL (FHA|USDA|VA) 6 $1,440,000 $240,000 $7,157 5.10%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $1,295,000 $431,667 $5,107 4.37%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $1,025,000 $341,667 $9,391 4.46%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $880,000 $220,000 $8,507 4.69%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $610,000 $305,000 $4,749 3.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $595,000 $595,000 $7,567 4.38%
    Boone, NC (FHA|USDA|VA) 1 $475,000 $475,000 $5,209 3.25%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $455,000 $455,000 $5,527 3.62%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $445,000 $445,000 $6,601 3.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $415,000 $415,000 $12,908 4.75%
    SAVANNAH, GA (FHA|USDA|VA) 1 $345,000 $345,000 $20,274 3.00%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $315,000 $315,000 $5,128 4.00%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $300,000 $150,000 $6,211 6.68%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $275,000 $275,000 $4,888 5.99%
    Dublin, GA (FHA|USDA|VA) 1 $265,000 $265,000 $4,921 5.63%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $265,000 $265,000 $7,971 4.75%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $255,000 $255,000 $3,950 3.88%
    Clewiston, FL (FHA|USDA|VA) 1 $245,000 $245,000 $15,319 6.75%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $215,000 $215,000 $12,702 6.38%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $205,000 $205,000 $4,058 3.13%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $205,000 $205,000 $9,608 4.50%
    Cullowhee, NC (FHA|USDA|VA) 1 $185,000 $185,000 $6,395 8.13%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $165,000 $165,000 $4,264 3.75%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $155,000 $155,000 $6,541 6.13%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $115,000 $115,000 $3,491 3.38%
    Champions Mortgage's top markets include Tampa, Miami, Dallas, Palm Bay, and Ocala among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against CHAMPIONS MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 167
    AAXY L.L.C.
    Similarity Rank: 360
    KELLEY MORTGAGE, LLC
    Similarity Rank: 420
    US COMMUNITY
    Similarity Rank: 490
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 552
    TENNESSEE TRUST MORTGAGE, INC
    Similarity Rank: 833
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 968
    Credence Funding Corporation
    Similarity Rank: 1027
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1200
    Southeast Financial Credit Union
    Similarity Rank: 1260

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 99 $34,255,000 $346,010 $8,458 5.27%
    FHA 18 $4,950,000 $275,000 $11,682 4.44%
    VA 5 $1,575,000 $315,000 $11,542 4.93%

    For 2022, Champions Mortgage's most frequently originated type of loan was Conventional, with 99 originations. Their 2nd most popular type was FHA, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 90 $31,550,000 $350,556 $9,478 5.14%
    Cash Out Refi 25 $6,795,000 $271,800 $8,093 5.21%
    Refi 7 $2,435,000 $347,857 $7,431 4.73%

    For 2022, Champions Mortgage's most frequently cited loan purpose was Home Purchase, with 90 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 115 $39,005,000 $339,174 $9,282 5.21%
    15 Year 4 $870,000 $217,500 $4,478 3.25%
    20 Year 3 $905,000 $301,667 $7,220 4.71%

    For 2022, Champions Mortgage's most frequently cited loan duration was 30 Year, with 115 originations. The 2nd most popular length was 15 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 39 $14,145,000 $362,692
    $5k+ 32 $11,000,000 $343,750
    $2k-3k 19 $5,975,000 $314,474
    $3k-4k 12 $3,400,000 $283,333
    $<1k 10 $3,050,000 $305,000
    $4k-5k 10 $3,210,000 $321,000

    Champions Mortgage's average total fees were $9,282, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 39 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 31 $11,115,000 $358,548
    5-6% 26 $9,570,000 $368,077
    4-5% 25 $8,125,000 $325,000
    6-7% 20 $5,950,000 $297,500
    Over 8% 7 $1,825,000 $260,714
    7-8% 6 $1,770,000 $295,000
    2.5-3% 5 $1,915,000 $383,000
    <2.5% 2 $510,000 $255,000

    During 2022, Champions Mortgage's average interest rate for loans was 5.21%, while their most frequently originated rate bucket for loans was 3-4%, with 31 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 65 $18,465,000 $284,077 $8,849 5.18%
    $400k-600k 28 $13,140,000 $469,286 $9,091 4.97%
    $100k-200k 20 $3,000,000 $150,000 $6,544 5.61%
    $600k-1MM 7 $5,025,000 $717,857 $19,165 4.12%
    $100,000 or less 1 $85,000 $85,000 $3,943 3.50%
    $1MM+ 1 $1,065,000 $1,065,000 $7,359 6.13%

    2022 saw Champions Mortgage place emphasis on $200k-400k loans with 65 originations, totaling $18,465,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 28 $10,750,000 $383,929 $7,660 5.01%
    $75k-100k 24 $7,110,000 $296,250 $9,346 5.03%
    $50k-75k 23 $5,505,000 $239,348 $7,609 4.76%
    $150k-250k 20 $8,760,000 $438,000 $9,290 4.68%
    $50k or less 16 $4,370,000 $273,125 $13,532 6.13%
    $250k+ 7 $3,585,000 $512,143 $7,983 5.57%

    Champions Mortgage lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $75k-100k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 15 $5,335,000 $355,667 $7,912 4.11%
    30-36% 14 $4,700,000 $335,714 $7,152 4.87%
    39% 7 $2,055,000 $293,571 $7,153 4.44%
    44% 6 $1,980,000 $330,000 $6,433 5.15%
    50-60% 6 $1,810,000 $301,667 $10,427 5.31%
    <20% 6 $2,700,000 $450,000 $7,172 6.46%
    46% 6 $1,760,000 $293,333 $7,210 4.67%
    42% 5 $1,955,000 $391,000 $7,076 5.10%
    41% 5 $1,545,000 $309,000 $6,103 5.50%
    40% 4 $940,000 $235,000 $11,917 5.25%
    43% 4 $1,530,000 $382,500 $6,401 4.66%
    38% 4 $1,400,000 $350,000 $6,594 4.91%
    45% 4 $1,060,000 $265,000 $7,422 3.69%
    37% 4 $1,360,000 $340,000 $12,739 4.37%
    47% 4 $1,170,000 $292,500 $5,945 4.43%
    48% 4 $1,090,000 $272,500 $10,839 6.06%
    49% 4 $1,320,000 $330,000 $9,799 6.03%
    36% 4 $2,110,000 $527,500 $13,195 4.13%
    >60% 2 $1,080,000 $540,000 $18,226 5.81%

    Champions Mortgage lent most frequently to those with DTI ratios of 20-30%, with 15 originations. The next most common DTI ratio? 30-36%, with 14 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 96 $32,480,000 $338,333 $8,998 5.18%
    Not provided 12 $4,790,000 $399,167 $8,860 4.25%
    Black 12 $2,890,000 $240,833 $8,686 5.09%
    Asian 2 $620,000 $310,000 $15,963 8.38%

    Approval Rates

    Total approvals of all applications
    100.00%

    Champions Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 122 $40,780,000 $334,262

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    122 $40,780,000 $334,262

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $750,000 $375,000 $5,296 4.19%
    40-60% 11 $2,425,000 $220,455 $7,359 5.03%
    60-80% 45 $15,315,000 $340,333 $9,719 5.49%
    80-100% 62 $21,670,000 $349,516 $8,920 4.94%
    Over 100% 2 $620,000 $310,000 $15,395 4.75%