Champions Mortgage Rates, Fees & Info

St Petersburg, FL

LEI: 549300R1405JUM8QXD66

Tax ID: 37-1752168

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Mortgage Data

Review & Overview

Champions Mortgage is a smaller mortgage company specializing in Home Purchase loans. Champions 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 by origination volume include: Palm Bay, Tampa, Miami, Jacksonville, and Orlando among others. We have data for 17 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. They have a below average pick rate when compared to similar lenders. Champions Mortgage is typically an average 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 about average 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% 3/28/24
30 Year Conventional Refi 6.97% 3/28/24
30 Year Cash-out Refi 7.45% 3/28/24
30 Year FHA Purchase 7.64% 3/28/24
30 Year VA Purchase 6.23% 3/28/24
15 Year Conventional Refi 6.01% 3/28/24
15 Year Cash-out Refi 6.01% 3/28/24
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.

Champions Mortgage Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Champions Mortgage. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

215

Origination Dollar Volume (All Markets)

$44,905,000

Awards

CHAMPIONS MORTGAGE FHA Loans bronze CHAMPIONS MORTGAGE FHA Loans bronze
Show all (2) awards

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
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 69 $16,125,000 $233,696 $5,603 4.35%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 53 $10,765,000 $203,113 $5,724 4.36%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 34 $5,970,000 $175,588 $5,922 4.39%
JACKSONVILLE, FL (FHA|USDA|VA) 20 $3,760,000 $188,000 $5,445 4.31%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 10 $2,420,000 $242,000 $5,708 4.24%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 8 $1,970,000 $246,250 $4,202 3.96%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $750,000 $187,500 $5,492 4.31%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $685,000 $228,333 $6,455 4.29%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $465,000 $155,000 $3,429 4.71%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $450,000 $225,000 $6,097 3.56%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $430,000 $215,000 $4,285 5.15%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $390,000 $195,000 $7,015 4.50%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,080 3.63%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $135,000 $135,000 $7,499 3.95%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $135,000 $135,000 $4,089 4.25%
Outside of Metro Areas 1 $125,000 $125,000 $3,980 5.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $115,000 $115,000 $4,445 3.89%
Champions Mortgage's top markets include Palm Bay, Tampa, Miami, Jacksonville, and Orlando among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Georgia (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.

    US COMMUNITY
    Similarity Rank: 64
    POWER FINANCIAL
    Similarity Rank: 188
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 216
    AAXY L.L.C.
    Similarity Rank: 480
    We Florida Financial
    Similarity Rank: 572
    First Advantage Bank
    Similarity Rank: 650
    THE TENNESSEE CREDIT UNION
    Similarity Rank: 720
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 755
    FC LENDING, LTD.
    Similarity Rank: 815
    COMMUNITY CREDIT UNION OF FLORIDA
    Similarity Rank: 927

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 129 $24,915,000 $193,140 $4,794 4.39%
    FHA 53 $11,205,000 $211,415 $6,487 4.15%
    VA 27 $7,305,000 $270,556 $7,004 4.27%
    HELOC 3 $755,000 $251,667 n/a 6.17%
    USDA 3 $725,000 $241,667 $9,585 4.08%

    For 2019, Champions Mortgage's most frequently originated type of loan was Conventional, with 129 originations. Their 2nd most popular type was FHA, with 53 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 179 $36,005,000 $201,145 $5,629 4.35%
    Cash Out Refi 23 $4,605,000 $200,217 $4,985 4.51%
    Refi 13 $4,295,000 $330,385 $5,961 3.89%

    For 2019, Champions Mortgage's most frequently cited loan purpose was Home Purchase, with 179 originations. The 2nd most popular reason was Cash Out Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 210 $44,120,000 $210,095 $5,589 4.34%
    15 Year 3 $615,000 $205,000 $5,521 4.08%
    20 Year 1 $125,000 $125,000 $3,654 4.06%
    Other 1 $45,000 $45,000 $0 3.75%

    For 2019, Champions Mortgage's most frequently cited loan duration was 30 Year, with 210 originations. The 2nd most popular length was 15 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 91 $19,235,000 $211,374
    $<1k 31 $5,435,000 $175,323
    $2k-3k 15 $2,565,000 $171,000
    $3k-4k 13 $2,145,000 $165,000
    $5k+ 5 $1,375,000 $275,000
    $4k-5k 4 $1,050,000 $262,500

    Champions Mortgage's average total fees were $5,589, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 91 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 114 $24,040,000 $210,877
    3-4% 75 $15,725,000 $209,667
    5-6% 24 $4,810,000 $200,417
    Over 8% 1 $105,000 $105,000
    % 1 $225,000 $225,000

    During 2019, Champions Mortgage's average interest rate for loans was 4.34%, while their most frequently originated rate bucket for loans was 4-5%, with 114 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 97 $15,025,000 $154,897 $5,132 4.47%
    $200k-400k 90 $23,710,000 $263,444 $6,212 4.22%
    $100,000 or less 18 $870,000 $48,333 $2,796 4.20%
    $400k-600k 9 $4,075,000 $452,778 $9,090 4.34%
    $1MM+ 1 $1,225,000 $1,225,000 $7,769 4.13%

    2019 saw Champions Mortgage place emphasis on $100k-200k loans with 97 originations, totaling $15,025,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 69 $12,555,000 $181,957 $5,256 4.32%
    $50k or less 58 $7,910,000 $136,379 $4,674 4.21%
    $75k-100k 41 $9,895,000 $241,341 $6,203 4.33%
    $100k-150k 28 $8,540,000 $305,000 $6,203 4.44%
    $150k-250k 12 $3,480,000 $290,000 $7,967 4.83%
    $250k+ 2 $1,430,000 $715,000 $6,317 4.50%

    Champions Mortgage lent most frequently to those with incomes in the $50k-75k range, with 69 originations. The second most popular income band? $50k or less, with 58 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 36 $7,250,000 $201,389 $5,143 4.46%
    20-30% 30 $6,070,000 $202,333 $5,616 4.47%
    50-60% 20 $4,610,000 $230,500 $5,293 4.45%
    39% 17 $3,465,000 $203,824 $6,372 4.44%
    42% 14 $3,140,000 $224,286 $5,355 4.06%
    37% 13 $1,985,000 $152,692 $4,612 4.02%
    38% 10 $1,630,000 $163,000 $4,921 4.16%
    40% 10 $2,010,000 $201,000 $6,636 4.43%
    >60% 9 $2,465,000 $273,889 $7,535 4.17%
    41% 9 $1,415,000 $157,222 $4,997 4.36%
    47% 7 $1,615,000 $230,714 $5,465 4.37%
    49% 6 $1,460,000 $243,333 $5,720 4.21%
    36% 6 $1,500,000 $250,000 $7,238 4.33%
    <20% 5 $985,000 $197,000 $4,788 4.43%
    44% 5 $1,595,000 $319,000 $8,214 4.18%
    48% 5 $925,000 $185,000 $4,806 4.13%
    46% 4 $960,000 $240,000 $2,943 4.03%
    43% 4 $600,000 $150,000 $6,325 4.50%
    45% 2 $540,000 $270,000 $5,712 4.81%

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

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 171 $36,095,000 $211,082 $5,618 4.35%
    Black 27 $4,935,000 $182,778 $5,423 4.30%
    Not provided 10 $1,910,000 $191,000 $4,715 4.02%
    Asian 2 $610,000 $305,000 $11,476 4.99%
    Native Hawaiian or Islander 2 $480,000 $240,000 $4,781 3.75%
    Chinese 1 $475,000 $475,000 $5,523 4.10%
    Other Asian 1 $215,000 $215,000 $4,242 5.00%
    Asian Indian 1 $185,000 $185,000 $3,209 4.75%

    Approval Rates

    Total approvals of all applications
    92.28%

    Champions Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.26%

    Champions Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 215 $44,905,000 $208,860

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 215 $44,905,000 $208,860

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $140,000 $70,000 $3,167 4.13%
    40-60% 9 $1,415,000 $157,222 $5,157 4.24%
    60-80% 49 $10,275,000 $209,694 $5,167 4.37%
    80-100% 133 $30,055,000 $225,977 $5,795 4.33%
    Over 100% 8 $1,940,000 $242,500 $10,548 4.34%
    Under 20% 11 $395,000 $35,909 $1,002 4.50%