Champions Mortgage Rates, Fees & Info
St Petersburg, FLLEI: 549300R1405JUM8QXD66
Tax ID: 37-1752168
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Champions Mortgage is a smaller mortgage company specializing in Home Purchase and Refi loans. Champions Mortgage has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Dallas, Tampa, Palm Bay, Nashville, and Miami among others. Champions Mortgage has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Champions Mortgage is typically an average fee lendor.Originations
441Origination Dollar Volume (All Markets)
$144,905,000Awards
CHAMPIONS MORTGAGE - 2021
CHAMPIONS MORTGAGE is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Champions Mortgage 's average 30 year fixed rate mortgage of loans were
3.01%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.14%.
Relative Fees
Champions Mortgage 's average total fees for a 30 year fixed rate
mortgage are $5,857.
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 $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 150 | $50,850,000 | $339,000 | $5,989 | 2.95% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 63 | $17,535,000 | $278,333 | $5,941 | 3.02% |
| Outside of Metro Areas | 38 | $16,640,000 | $437,895 | $5,373 | 3.06% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 47 | $13,275,000 | $282,447 | $5,003 | 2.79% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 25 | $10,275,000 | $411,000 | $5,800 | 2.95% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 22 | $7,500,000 | $340,909 | $5,857 | 2.90% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $2,210,000 | $552,500 | $9,487 | 2.97% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $1,970,000 | $328,333 | $4,547 | 2.60% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $1,830,000 | $305,000 | $6,610 | 3.39% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $1,495,000 | $213,571 | $6,245 | 3.18% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,325,000 | $441,667 | $6,618 | 2.67% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $1,095,000 | $1,095,000 | $21,105 | 3.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $4,291 | 3.12% |
| WACO, TX (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $7,185 | 3.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $5,277 | 2.92% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $5,017 | 2.97% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $7,261 | 3.13% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $3,906 | 2.50% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $5,434 | 3.17% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $3,094 | 2.25% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $6,143 | 2.96% |
| Durango, CO (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $4,180 | 3.18% |
| OCALA, FL (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $5,738 | 3.06% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $8,464 | 4.81% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,851 | 2.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,498 | 3.43% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $4,562 | 2.96% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,822 | 2.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $4,799 | 3.12% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $6,185 | 2.38% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,969 | 2.81% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $6,549 | 2.81% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,988 | 2.56% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $10,982 | 2.88% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $6,497 | 3.13% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $5,591 | 2.50% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,059 | 3.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $6,195 | 3.50% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,098 | 2.81% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,018 | 2.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,302 | 3.13% |
| TYLER, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,675 | 2.88% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,311 | 3.00% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,489 | 3.38% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,230 | 2.63% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,411 | 2.75% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,952 | 4.50% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,504 | 2.99% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,952 | 3.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,491 | 2.88% |
Champions Mortgage 's top markets include Dallas, Tampa, Palm Bay, Nashville, and Miami among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 380 | $127,030,000 | $334,289 | $5,577 | 3.00% |
| VA | 33 | $11,215,000 | $339,848 | $5,290 | 2.51% |
| FHA | 27 | $6,415,000 | $237,593 | $8,612 | 3.01% |
| USDA | 1 | $245,000 | $245,000 | $7,177 | 3.25% |
For the 2021 period, Champions Mortgage 's most frequently originated loan type of loans were Conventional, with 380 originations. Their 2nd most popular type is VA, with 33 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 251 | $87,895,000 | $350,179 | $6,351 | 3.03% |
| Refi | 113 | $35,005,000 | $309,779 | $4,542 | 2.75% |
| Cash Out Refi | 77 | $22,005,000 | $285,779 | $5,546 | 3.05% |
For the 2021, Champions Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 251 originations. The 2nd most popular reason of loans were Refi, with 113 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 398 | $133,760,000 | $336,080 | $5,857 | 3.01% |
| 15 Year | 33 | $9,185,000 | $278,333 | $4,754 | 2.42% |
| 20 Year | 10 | $1,960,000 | $196,000 | $4,698 | 2.87% |
For the 2021, Champions Mortgage 's most frequently cited loan length of loans were 30 Year, with 398 originations. The 2nd most popular length of loans were 15 Year, with 33 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 276 | $89,720,000 | $325,072 |
| $2k-3k | 59 | $18,935,000 | $320,932 |
| $<1k | 51 | $14,415,000 | $282,647 |
| $3k-4k | 30 | $9,170,000 | $305,667 |
| $5k+ | 25 | $12,665,000 | $506,600 |
$5,857 of loans were Champions Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 276 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 235 | $78,975,000 | $336,064 |
| 3-4% | 133 | $43,545,000 | $327,406 |
| <2.5% | 64 | $19,540,000 | $305,313 |
| 4-5% | 7 | $2,165,000 | $309,286 |
| 5-6% | 1 | $395,000 | $395,000 |
| 6-7% | 1 | $285,000 | $285,000 |
During 2021, Champions Mortgage 's average interest rate of loans were 3.01%, while their most frequently originated rate bucket of loans were 2.5-3%, with 235 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 233 | $68,365,000 | $293,412 | $5,594 | 2.94% |
| $400k-600k | 102 | $49,510,000 | $485,392 | $6,115 | 2.92% |
| $100k-200k | 82 | $13,370,000 | $163,049 | $4,886 | 2.98% |
| $600k-1MM | 11 | $8,315,000 | $755,909 | $9,967 | 3.26% |
| $100,000 or less | 9 | $775,000 | $86,111 | $3,523 | 3.28% |
| $1MM+ | 4 | $4,570,000 | $1,142,500 | $16,192 | 3.16% |
2021 saw Champions Mortgage place emphasis on $200k-400k loans with 233 originations, totaling $68,365,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 96 | $33,460,000 | $348,542 | $6,062 | 2.97% |
| $150k-250k | 93 | $38,125,000 | $409,946 | $6,062 | 2.96% |
| $50k-75k | 86 | $20,000,000 | $232,558 | $5,224 | 2.94% |
| $75k-100k | 78 | $23,240,000 | $297,949 | $5,437 | 2.97% |
| $50k or less | 47 | $11,255,000 | $239,468 | $4,684 | 2.85% |
| $250k+ | 39 | $18,305,000 | $469,359 | $7,147 | 3.09% |
Champions Mortgage lent most frequently to those with incomes in the $100k-150k range, with 96 originations. The second most popular income band? $150k-250k, with 93 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 95 | $31,755,000 | $334,263 | $5,744 | 2.94% |
| 30-36% | 68 | $23,110,000 | $339,853 | $5,580 | 3.05% |
| <20% | 43 | $13,945,000 | $324,302 | $5,878 | 3.01% |
| 43% | 24 | $8,150,000 | $339,583 | $5,435 | 2.92% |
| 40% | 21 | $5,735,000 | $273,095 | $5,298 | 2.95% |
| 36% | 20 | $7,260,000 | $363,000 | $5,855 | 3.01% |
| 39% | 17 | $5,655,000 | $332,647 | $5,789 | 3.01% |
| 42% | 15 | $4,875,000 | $325,000 | $6,130 | 3.00% |
| 37% | 15 | $4,675,000 | $311,667 | $5,517 | 2.96% |
| 41% | 15 | $4,845,000 | $323,000 | $5,962 | 3.04% |
| 48% | 15 | $5,185,000 | $345,667 | $6,345 | 2.80% |
| 50-60% | 15 | $4,365,000 | $291,000 | $8,093 | 2.70% |
| 49% | 13 | $4,355,000 | $335,000 | $6,522 | 2.87% |
| 44% | 11 | $3,595,000 | $326,818 | $5,849 | 3.42% |
| 45% | 11 | $4,055,000 | $368,636 | $5,670 | 2.96% |
| 38% | 11 | $3,285,000 | $298,636 | $5,111 | 3.07% |
| 47% | 10 | $3,150,000 | $315,000 | $5,368 | 2.95% |
| 46% | 6 | $1,400,000 | $233,333 | $5,136 | 3.04% |
| >60% | 1 | $565,000 | $565,000 | $6,528 | 2.75% |
Champions Mortgage lent most frequently to those with DTI ratios of 20-30%, with 95 originations. The next most common DTI ratio? 30-36%, with 68 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 371 | $121,915,000 | $328,612 | $5,762 | 2.97% |
| Not provided | 51 | $17,965,000 | $352,255 | $5,435 | 2.91% |
| Black | 10 | $2,660,000 | $266,000 | $7,014 | 3.05% |
| Asian | 7 | $1,805,000 | $257,857 | $5,455 | 2.82% |
| American Indian | 2 | $560,000 | $280,000 | $5,634 | 2.87% |
Approval Rates
Total approvals of all applications95.77%
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 origination90.72%
Champions Mortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 441 | $144,905,000 | $328,583 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 441 | $144,905,000 | $328,583 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 14 | $3,060,000 | $218,571 | $3,939 | 2.56% |
| 40-60% | 51 | $14,125,000 | $276,961 | $5,193 | 2.79% |
| 60-80% | 180 | $61,250,000 | $340,278 | $5,567 | 3.02% |
| 80-100% | 193 | $65,845,000 | $341,166 | $6,173 | 2.98% |
| Over 100% | 2 | $570,000 | $285,000 | $10,586 | 3.25% |
| Under 20% | 1 | $55,000 | $55,000 | $368 | 4.00% |
