Champions Mortgage Rates, Fees & Info
St Petersburg, FLLEI: 549300R1405JUM8QXD66
Tax ID: 37-1752168
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Mortgage Data
Review & 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 an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Dallas, Tampa, Palm Bay, Miami, and Nashville among others. We have data for 31 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.22% | 4/21/24 |
| 30 Year Conventional Refi | 6.97% | 4/21/24 |
| 30 Year Cash-out Refi | 7.45% | 4/21/24 |
| 30 Year FHA Purchase | 7.64% | 4/21/24 |
| 30 Year VA Purchase | 6.23% | 4/21/24 |
| 15 Year Conventional Refi | 6.01% | 4/21/24 |
| 15 Year Cash-out Refi | 6.01% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
292Origination Dollar Volume (All Markets)
$77,520,000Awards
CHAMPIONS MORTGAGE - 2020
CHAMPIONS MORTGAGE is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 95 | $29,685,000 | $312,474 | $6,729 | 3.02% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 58 | $12,970,000 | $223,621 | $5,320 | 3.35% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 31 | $7,915,000 | $255,323 | $5,153 | 3.19% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 32 | $7,180,000 | $224,375 | $6,844 | 3.47% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 10 | $3,380,000 | $338,000 | $7,264 | 2.83% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 5 | $1,835,000 | $367,000 | $6,220 | 3.02% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $1,815,000 | $259,286 | $6,608 | 2.86% |
| Key West, FL (FHA|USDA|VA) | 4 | $1,380,000 | $345,000 | $4,449 | 3.16% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,275,000 | $255,000 | $7,592 | 3.69% |
| OCALA, FL (FHA|USDA|VA) | 8 | $1,170,000 | $146,250 | $4,315 | 3.92% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,165,000 | $233,000 | $5,141 | 3.38% |
| Outside of Metro Areas | 2 | $900,000 | $450,000 | $4,477 | 2.68% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $7,876 | 3.06% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $4,608 | 3.00% |
| WACO, TX (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $5,522 | 2.75% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $7,655 | 2.67% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,870 | 4.63% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $6,545 | 2.94% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,273 | 2.81% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $9,228 | 2.94% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,083 | 5.88% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,456 | 3.12% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,111 | 3.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $10,302 | 3.13% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,852 | 2.38% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,449 | 4.25% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,716 | 2.88% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,489 | 3.63% |
| Bonham, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,628 | 3.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,129 | 2.99% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,780 | 2.25% |
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.
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Product Mix
For 2020, Champions Mortgage's most frequently originated type of loan was Conventional, with 229 originations. Their 2nd most popular type was FHA, with 25 originations.
Loan Reason
For 2020, Champions Mortgage's most frequently cited loan purpose was Home Purchase, with 183 originations. The 2nd most popular reason was Refi, with 80 originations.
Loan Duration/Length
For 2020, Champions Mortgage's most frequently cited loan duration was 30 Year, with 274 originations. The 2nd most popular length was 15 Year, with 15 originations.
Origination Fees/Closing Costs
Champions Mortgage's average total fees were $6,184, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 141 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 131 | $39,925,000 | $304,771 |
| 3-4% | 124 | $28,310,000 | $228,306 |
| <2.5% | 22 | $6,280,000 | $285,455 |
| 4-5% | 9 | $1,965,000 | $218,333 |
| 5-6% | 6 | $1,040,000 | $173,333 |
During 2020, Champions Mortgage's average interest rate for loans was 3.21%, while their most frequently originated rate bucket for loans was 2.5-3%, with 131 originations.
Loan Sizing
2020 saw Champions Mortgage place emphasis on $200k-400k loans with 163 originations, totaling $47,085,000 in origination value.
Applicant Income
Champions Mortgage lent most frequently to those with incomes in the $50k-75k range, with 71 originations. The second most popular income band? $100k-150k, with 67 originations.
Applicant Debt to Income Ratio
Champions Mortgage lent most frequently to those with DTI ratios of 20-30%, with 61 originations. The next most common DTI ratio? 30-36%, with 53 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 292 | $77,520,000 | $265,479 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 3 | $645,000 | $215,000 |
| Single Family (1-4 Units):Site-Built | 289 | $76,875,000 | $266,003 |